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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Volume: 104 No.165

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TUESDAY, JUNE 10, 2008

The Tribune °



= USA TODAY.

BAHAMAS EDITION

SPORTS



(2 storey yates building |’
_ ¢upstairs Signature Styles)









‘Suspect questioned
in gay man's murder

Police unable to say if
case connected to other
killings of homosexuals

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

POLICE are, questioning a

‘ suspect in connection with the

murder of Marvin Wilson, The
Tribune has learned.

“Well, we are questioning
somebody in connection with
that. We’re not at the! point
for court as of yet. We don’t
know if we are going to reach
that point yet,” said Chief
Supt. Glenn Miller, officer in
charge at the Central Detec-
tive Unit yesterday 1 in a brief
interview.

He said that during the

course of the investigation
police have had “a number of
persons in custody” regarding
the case, noting however that
no one has voluntarily turned
themselves in in connection
with the death.

When asked if police are
able to say if there is any con-
nection between Mr Wilson’s
murder and that of Thaddeus
McDonald, Harl Taylor and
Wellington Adderley, Mr
Miller said: “No I cannot say
that at this time.”

He continued: “Well, we
had suspects in those matters —

SEE page eight

Bimini residents delegation wants
‘attacks’ against development to end

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

A DELEGATION of Bimini residents wants “attacks” by envi-
ronmentalists against the Bimini Bay development to end, and
permission to be given to start Phase II of the resort’s expansion.

“As residents of Bimini, we are calling for a stop to all these
senseless attacks on Bimini Bay Resort. People who have no vest-
ed interest in our island have been battering the resort with attacks
for years. These attacks are hurting the entire island and our peo-
ple. They have no right to be doing this to us. This island belongs
to the people of Bimini and it s time to treat it that way,” said Ash-

_ SEE page ae






















Teen reportedly
raped after man
_ forces his way

into family home

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

POLICE are investigating a
teenager's claim that she was
raped by a man who forced his
way inside her family's Nassau
Village home yesterday morn-
ing.

According to police reports,
around 1 am yesterday a 17-
year-old resident of the area
told her father that she was
raped by a man who broke into
their home.

The quick-thinking father ran
out of the home and gave chase
to the alleged rapist finally
apprehending him with the help
of concerned neighbours in the

SEE page six





Tim Clarke/T ribune staff



POLICE officers investigate after
the robbery at Commonwealth Bank

@ By NATARIO
McKENZIE






POLICE are actively
searching for two unmasked
robbers who held up Com-
monwealth Bank’s Golden
Gates branch'shortly before
noon yesterday.

No one was hurt during
the ordeal, but staff mem-
bers and customers were vis-
ibly shaken, and one bank
employee had to be treated
for shock after the incident.

Maryanne Ferguson, a
Defence Force marine who
witnessed the robbery, said
that one of the gunmen, who
appeared to be in his early
20s, wore a stripped polo
shirt and a pair of dark blue
trousers. According to
Ferguson the robbery hap-
pened very quickly.

“My mother-in-law was
on the teller line and when I
looked up I saw a short male
about 5’ 4” and he had this
chrome short pistol in his
hand pointing at one of the
male teller’s face. I just’
looked up and said ‘oh my

SEE page six

































By DENISE MAYCOCK
Tribune Freeport
Reporter
dmaycock@tribunemedia.net

FREEPORT - A 39-year-old
man was murdered in broad
daylight in Freeport yesterday.

He died of gunshot injuries
at hospital after being shot yes-
terday morning.

The victim’s identity was not
released by police up to press
time. His death is the sixth
homicide for the year. on Grand
Bahama.

According to Assistant Supt.
Loretta Mackey, police received
a report of a shooting around
10.39am in the area of Watkins
Lane off Pioneer’s Way.

When officers arrived at the
scene, they observed EMS per-

Government aims to

initiate mass food
growing projects

â„¢ By ALISON LOWE

Tribune Staff Reporter

IN an effort to get Bahamians to
participate in securing their food
sources in the face of global eco-
nomic turbulence the government
will seek to initiate mass residential

and school food-growing projects.

sonnel attending to a black man
with multiple gunshot wounds
tothe head and upper body.
The victim was taken to Rand
Memorial Hospital, where he

_ was treated by the doctor on

duty.

However, he later died of his
injuries.

Ms Mackey said investiga-
tions are continuing into the
shooting,

“The motive for this homi-

- cide is not known at this time.

An autopsy will be performed
to determine the exact cause of
death,” she said.

The police are appealing to
the public to assist them with
their investigations by calling
911 or 350-3107/8 with infor-
mation in connection with the
matter.

This year the government will
hand out free fruit trees and back-
yard growing kits to members of
the public and schools to encourage the cultivation of foods like
guavas, mangoes, tomatoes, cabbage and herbs, minister of agri-



culture and marine resources Larry Cartwright said.
He was giving his contribution to the budget debate in the House

SEE page eight

Twin engine aircraft
crashes off Bimini

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

A 52-YEAR-OLD Floridi-
an was lucky to be alive yes-
terday when the twin engine
aircraft he was piloting crashed
into waters between North and
South Bimini shortly after 1pm.
* According to a report from
Grand Bahama Chief Superin-
tendent of Police Basil Rah-
ming, Mr Norman Aranha, of
Charleston Weston, Florida,
had taken off from the Sir Lyn-

den Pindling International Air-
port in New Providence after
dropping off three passengers
and was headed back to the
Fort Lauderdale/Hollywood
Executive Airport. Mr Aran-
ha, who is the nephew of Cap-
tain Paul Aranha of Lyford
Cay, was piloting a white Aero-
Commander aircraft r/n
NSO1AP, owned by Atlantic
Jet Management Company.
“As he was flying over
North Bimini, the right engine

SEE page eight

=







In brief

Man accused of
having drug with
intent to supply

A 20-year-old man was
arraigned in Magistrate's
Court yesterday charged with
possession of marijuana with
the intent to supply.

It is alleged that on Satur-
day, June 7, Celson Levant
Stubbs of Garden Hills was
found in possession of 36
grams of marijuana with the
intent to supply it.

Stubbs, who was arraigned
before Magistrate Carolita
Bethel at Court 8 in Bank
Lane, pleaded not guilty to
the charges and was remanded
to Her Majesty's Prison until
Wednesday, when he will
return to court for a bail hear-

ing.

?M in Long Island
fo meet natives,
regatta visitors

PRIME Minister Hubert
Ingraham was in Long Island
over the Labour Day weekend
and visited with natives and vis-
itors:to the 41st annual Long
Island Regatta at the regatta
site in Salt Pond.

Prime Minister Ingraham also
took time to inspect a sea wall
in Simms, docks in Salt Pond,
and the road leading to the
Monument in Seymour's.

TROPICAL
Pues
Ra MHIN LANE
ay aeyseaty,

Mountain lion alert

Govt engages hunter to
search Central Eleutl

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

A professional hunter was
engaged by the government to
search for a mountain lion in
Central Eleuthera, the Minis-
ter of Agriculture and Marine
Resources said yesterday.

According to Larry
Cartwright, “widespread reports
of sightings” of the alleged crea-
ture led the government to send
the hunter and animal control
wardens to the island and a

three day search was conducted -

to find the feline predator.

Having found no evidence of
the animal, authorities were led
to believe the reports were
“likely unfounded”, but ulti-
mately the matter was “not con-
clusively resolved,” the minis-
ter told the House of Assem-
bly.

Mr Cartwright said’a great
deal of fear was stirred up in
the community as a result of the
reports and some locals contin-
ue to believe that someone is

LOCAL NEWS



“Predation of
livestock and
aggressive animal
behaviour has
increased.”



‘Larry Cartwright

keeping the big cat as a pet.
This unusual scenario was
described as Mr Cartwright con-
tributed to the budget debate.
He noted that there is an
increasing demand for animal
control services countrywide.
He said that during the next
budget period animal control
units are being planned for

Long Island. “During the last
fiscal year there were reports
of incidents from residents and
visitors of dog bites. Predation
of livestock and aggressive ani-
mal behaviour has increased,”
noted Mr Cartwright.

“Animal control wardens
conducted visits in response to
specific incidents in North
Eleuthera, the Berry Islands
and Exuma. Visits have been
conducted to aid in the control
of feral chickens and even
aggressive peaaulls at resorts,”
he said.

“The department: continues
to offer support to islands where
there is no established animal
control programme through the
provision of traps for feral dogs



era

Eleuthera, Abaco, Exuma and

and raccoons,” he added.

Larry Cartwright





Share your news

4 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:

1 If soj-call us on 322- 1986

! and share your story.



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Cynthia Pratt recuperating
well at Doctors Hospital

@ By REUBEN SHEARER



OPPOSITION deputy leader Cynthia Pratt
is recuperating well at Doctors Hospital.

She is being treated for a thyroid condition
and a heart condition, Dr Conville Brown told
The Tribune yesterday.

Dr Brown, the attending physician, advised
that though the former deputy prime minis-
ter’s condition is very serious, she will not be
operated on.

Mrs Pratt, who had been receiving treatment
for thyrotoxicosis — an overactive thyroid gland
— was also discovered to have an inflamed gall
bladder.

She was participating in the Labour Day
march on Friday, when she began complaining
of a palpitating heart. Dr Brown said a combi-
nation of walking and being qut in the “blazing
heat” set her heart racing.

Speaking to The Tribune yesterday, Joseph,

surprised that she survived the exertion. ,
She was diagnosed with atrial fibrillation and

admitted; he said: “She was having rapid heart

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“Mrs Pratt’s husband said the doctors were ih
ri ment with Bahamian doctors, but wiltconsider ’

seeking medical attention abroad if her condi-

beats before. Two weeks ago, she visited the
heart clinic,” Mr Pratt said.

He explained that doctors did not want his
wife to see that they were extremely concerned
about her condition on Saturday, and did not
initially inform her of the potentially severe
situation.

“My wife is a fighter, she’ll be out of the
hospital, and back at work very soon,” he said.

“She is not watching the budget debate or tun-.

ing into any kind of television right now, but is
resting.”

According to Dr Brown, Mrs Pratt will need

“extensive” time off for convalescence. “She
has been advised, as most politicians, not to
overwork themselves, but she certainly does fall
into that category,” the doctor said.

Asked if his wife has been under significant
stress over the past weeks, Mr Pratt said: “This
is her last term, so she has been committed to
doing what she, can this last lap.”

arie

:/Mr Pratt.said that his, wife, will.continue:treats

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Another Emerald
Bay Resort offer
expected soon,
says Ingraham

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

ANOTHER offer for the
Emerald Bay Resort in Exuma
is expected to come before the
government before the end of
the month, Prime Minister
Hubert Ingraham said yester-
day.

Mr Ingraham previously
informed The Tribune in May
that governmént’s National
Economic Council, on which he
sits, had turned down the first
offer put forward by would-be
purchasers Ambrose Holdings
Limited (Bahamas).

Sources later told Tribune
Business that the government

had concerns over whether the’

buyers had the necessary long
term financing to fully develop
the property.

The offer put forward by
Ambrose Holdings for the lux-
ury Four Seasons resort earlier
this year was alleged to have
been in the region of $125 mil-
lion, sources said.

Declining to comment further
on the nature of the rejected
offer at that time, Mr Ingraham
did reveal that he anticipated
any new offer being presented
by Ambrose Holdings in con-
junction with “additional per-
sons.”

The Emerald Bay resort has
been in receivership since June
22, 2007, when its parent com-
pany, Emerald Bay Resort
Holdings, defaulted on its debt
repayments two months earli-
er.

The resort, Exuma’s “anchor

project”, which employs about —

500 people, had failed to gener-
ate the profits that its investors
had anticipated.

While it has continued to
operate during its receivership
period, real estate sales have
dropped off, and further devel-
opment of the resort has not
gone ahead as scheduled.

__. Mr Ingrahamr told! The Tri- *
#bune in May that the sale‘of the’

“Exuma property is “critical for
Exuma’s economy and for the
Bahamas.”

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ive

’



THE TRIBUNE

TUESDAY, JUNE 10, 2008, PAGE 3



US court upholds
the convictions
of five spying
accused Cubans

AN AMERICAN feder= | i
al appeals court has again :
upheld the controversial
convictions of five Cuban
men accused of spying in
the US.

However, according to :
an Associated Press report
by Walter Putnam, the i
court vacated sentences of :
three of them, including:
two who are serving life |
terms.

The court already
upheld the convictions in
2006, rejecting the argu- ss;
ment that the men’s feder- :
al trial should not have ;
been held in Miami
because of widespread
opposition to the Cuban
regime.

“A three-judge panel of
the 11th US Circuit Court
of Appeals returned those
cases to a federal judge in
Miami for resentencing
based on findings in an
opinion filed Wednesday
that the five gatheredno
‘top secret’ information. It :
was the third time the case :
had come before the
court,” the report noted.

The men have admitted
that they were agents
working for the Cuban
government but denied
spying on the United —
States. “They said their
focus was on US-based
exile groups planning ‘ter-
rorist’ actions against the
Castro government,” the
AP report said.

Criticised

Cuban officials have
accused the US govern-
ment of refusing to arrest
South Florida terrorists
exposed through the
efforts of the five men,

and criticised: Washing--»::: iy

ton’s decision to ignore
requests for the extradi-
tion of Luis Posada Car-
tiles, who was convicted in }
absentia of being involved
in various terrorist attacks
and plots in the Western
hemisphere, including the
1976 bombing of a Cuban
airliner that killed 73 peo-
ple.

On Wednesday, the ;
court ruled that two of the }
men had beensentenced
too harshly, as no "top
secret information” was}
gathered or transmitted by :
them. :

They were first convict-
ed in 2001, but this was
overturned by a three-

judge 11th Circuit panel in t

2005, which agreed that
there should have been a
change of venue. Howev-
er, the full court then
reversed this decision.

According to the AP
report, the National Com-
mittee to Free the Cuban
Five denounced the deci-
sion to uphold the convic-
tions.

"It flies in the face of ;
the truth. The five men are :
not guilty of any crime,"
said Gloria La Riva, the
committee co-ordinator.
"They were saving lives by ;
stopping terrorism. They
never had weapons. They _:
never posed any harm to
the people of the United
States."

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LOCAL NEWS

blacklisting’ f new US law passed

Attorney Paul Moss

says Bahamas should be
‘very concerned’ about
Obama-backed legislation

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

THE Bahamas could soon face
renewed blacklisting as a harmful
tax haven if a new US law, which is
being supported by presidential
candidate Barack Obama, is
passed, according to Paul Moss,
attorney and vice-president of
Dominion Management Services.

Mr Moss told The Tribune yes-
terday that the Bahamas should be
“very concerned” if Mr Obama
becomes the US’ next president
and pushes through the “Stop Tax
Haven Abuse” Act.

The S-681 “Stop Tax Haven
Act”, co-sponsored by Mr Obama,
Democratic Senator Carl Levin
and Republican Norm Coleman,
calls for tougher requirements on
US taxpayers using off-shore secre-
cy jurisdictions.

The Act would also give the US
Treasury the authority to take spe-
cial measures against foreign juris-
dictions and financial institutions
that impede US tax enforcement.

Mr Moss said yesterday that if
the Bahamas does not soon make

ES changes to its tax haven position, he

predicts that the country will again
be black-listed.

As the international position on
tax havens becomes less and less
tolerant, Mr Moss said that now is
the time for the Bahamas to change
its status from a tax haven to that of
an attractive low-tax jurisdiction.

In his experience, the attorney
said, most companies and individ-
uals doing business in the Bahamas
are more than willing to pay some
sort of tax. They are merely
attempting to escape the “exorbi-
tant” taxes levelled at them in their
home states, he explained.

Mr Moss said that it would be
smart of the Bahamas to sign dou-
ble taxation treaties with other
countries. Such treaties would,
under certain circumstances,
exempt foreign individuals and
companies doing business in the
Bahamas from paying taxes in their
home countries and instead allow
them to pay significantly lower tax-
es to the Bahamian government.

The government, in turn, he said,

Immigration
fees to rise
in this year’s
budget plan

@ By MEGAN REYNOLDS |

Tribune Staff Reporter

IMMIGRATION fees will
rise in this year's budget plan
to give Bahamians an advan-
tage over foreigners seeking
employment in this country.

Work permit fees ranging
between $10,000 per annum for
a permit at scale one, and $650
for permits at scales 10 through
12, will be increased to $12,500
a year for scale one and

1,000 per annum at scale eight.

A special rate applied to reg-
istered farm labourers will be
increased to $500 per year.

Prime Minister Hubert Ingra-
ham said: "I note for the record
that the Free National Move-

-ment has always believed

Bahamians ought to be given

preferential treatment as ©

regards employment in our
country, so long as they are suit-
able and qualified for the

‘employment contemplated.

"We also accept that there
are occasions when special skills
and expertise may not be avail-
able or not available in suffi-
cient numbers to meet the

‘requirements of our economy."

Immigration fees were
increased by 50 per cent in
some scales under the FNM
government in 1993, and rose
again in 1999,

Mr Ingraham added: "Hav-
ing not been increased during
the tenure of our predecessors
in office it has been left for us to
once again increase immigra-
tion fees."

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could use this money towards such
initiatives as improving the
Bahamas’ health and education sys-
tems.

Mr Moss said that it is believed
that billions of dollars in foreign
tax money can currently be found
in off-shore bank accounts in the
Bahamas.

Only a small percentage of that
money, he said, could assist the
Bahamas immensely in its devel-
opment.

However, the attorney — who is

also a PLP hopeful for the St Cecil-

ia constituency -said he doubts that
the current generation of politi-
cians will make any changes to the
Bahamas’ tax haven position.
“They refuse take control of it.

People want to maintain the sta- .

tus quo. They are shooting
themselves in the foot,” he
said.

Mr Obama — who stands a good

chance of becoming the US’ 44th
president — in his plan for restoring
fiscal discipline, said that he will
give US Treasury Department “the
tools it needs to stop the abuse of
tax shelters and offshore tax havens
and help close the $350 billion tax
gap between taxes owed and taxes
paid.”

In addition the US, the Euro-
pean Union (EU) has also.
announced its determination to
crack down on tax havens that
trade in secrecy and facilitate tax
dodging at the expense of
honest taxpayers around the
world.

In June 2000, the Organisation
for Economic Co-operation and
Development (OECD), blacklisted

_the Bahamas as a “harmful tax

haven,” describing the country as

“non-cooperative in the fight ,

against money laundering.”

Call for draft legislation

regulating Haitian sloops

in Bahamian waters to
be moved forward

a By MEGAN REYNOLDS
Tribune Staff Reporter





DRAFT legislation to regulate Haitian sloops in Bahamian
waters must be pushed forward, it was argued in the US Bahamas
Joint Narcotic Task Force meeting yesterday.

US deputy chief of mission David Elmo called for co-operation
from his comrades in the Bahamas and Turks and Caicos islands,
to help move forward the draft legislation on wooden-hulled
sloops potentially trafficking drugs and guns.

The legislation initiated over two years ago is a top priority
for United States Ambassador to the Bahamas Ned Siegel with the

-support of President George Bush.

Plans also involve US investment in Great Inagua to expand the
harbour and improve the airport as a way of reducing criminal
activity.

Submitting his priorities for the day-long meeting in the Royal
Bahamas Police Force Headquarters' conference centre in East
Street, Mr Elmo said: "As deputies we are operational people,
influencers, we can make this happen.

. "Lets get this sloop legislation done today and carry that mes-
sage forward." -

Mr Elmo hopes the legislation will be approved before the next
Tripartite meeting hosted by the Bahamian government in Sep-
tember.

The task force is part of a 25-year co-operation between the US,
the Turks and Caicos and the Bahamas to fight drug trafficking,
gun trafficking and illegal immigration. It includes OPBAT, Oper-
ation Bahamas Turks and Caicos, which works to protect the bor-
ders of the three nations.

Deputy director of Immigration of the Turks and Caicos islands
Alonzo Malcom said: "It is good when countries can get together
in a forum such as this to alleviate our common problems.

"Guns trafficking and drug trafficking brings all sorts of prob-
lems to our shores. But together we can conquer, we will secure
our shores,"

Bahamas Permanent Secretary of National Security Missouri
Sherman-Peter said: "Our initiative is to ensure that the cost of the
illicit drug trade far outweighs the benefits.

"Drugs production, trafficking and abuse are all of critical con-
cern and must be examined in a balanced way."




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PAGE 4, TUESDAY, JUNE 10, 2008

THE TRIBUNE





EDITORIAL/LETTERS TO THE EDITOR

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. BsES)K.M., K-C.S.G.,

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

Publisher/Editor 1919-1972
Contributing Editor 1972-1991

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

Publisher/Editor 1972-

Published Daily Monday to Saturday

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

TELEPHONES
Switchboard (News, Circulation and Advertising) 322-1986
Advertising Manager - (242) 502-2352
Circulation Department - (242) 502-2387
Nassau Fax: - (242) 328-2398
Freeport, Grand Bahama: 1-(242)-352-6608
Freeport fax: (242) 352-9348 :

It’s a different country

FERVENT supporters of Barack Obama like
to say that putting him in the White House
would transform America. With all due respect
to the candidate, that gets it backward. Obama
is an impressive speaker who has run a bril-
liant campaign — but if he wins in November, it
will be because our country has already been
transformed.

Obama’s nomination wouldn’t have been
possible 20 years ago. It’s possible today only
because racial division, which has driven U.S.
politics rightward for more than four decades,
has lost much of its sting.

‘And the de-racialization of U.S. politics has
implications that go far beyond the possibility

- that we’re about to elect an African-American

president. Without racial division, the conserv-
ative message — which has long dominated the
political scene — loses most of its effective-
ness.

Take, for example, that old standby of con-
servatives: denouncing Big Government. Last
week John McCain’s economic spokesman
claimed that Barack Obama is President Bush’s
true fiscal heir, because he’s “dedicated to the
recent Bush tradition of spending money on
everything.”

Now, the truth is that the Bush administra-
tion’s big-spending impulses have been largely
limited to defence contractors. But more to the
point, the McCain campaign is deluding itself if
it thinks this issue will resonate with the public.

‘ For Americans have never disliked Big Goy-
ernment in general. In fact, they love Social
Security and Medicare, and strongly approve of
Medicaid — which means that the three big
programmes that dominate domestic spending
have overwhelming public support.

If Ronald Reagan and other politicians suc-
ceeded, for a time, in convincing voters that

government ‘spending was bad, it was by sug-
gesting that bureaucrats were taking away work-
ers’ hard-earned money and giving it to you-
know-who: the “strapping young buck” using
food stamps to buy T-bone steaks, the welfare
queen driving her Cadillac. Take away the racial
element, and Americans like government spend-
ing just fine.

But why has racial division become so much
less important in American politics?

Part of the credit surely goes to Bill Clinton,
who ended welfare as we knew it. I’m not say-
ing that the end of Aid to Families With Depen-
dent Children was an unalloyed good thing; it

created a great deal of hardship. But the “bums |

on welfare” played a role in political discourse
vastly disproportionate to the actual expense
of AFDC, and welfare reform took that issue off
the table.

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Another large factor has been the decline in
urban violence. .

As the historian Rick. Perlstein documents
in his terrific new book “Nixonland,” America’s
hard right turn really began in 1966, when the

Democrats suffered a severe setback in Con- |

gress — and Ronald Reagan was elected gov-
ernor of California.

The cause of that right turn, : as Perlstein
shows, was white fear of-urban disorder — and
the associated fear that fair housing laws would
let dangerous blacks move into white neigh-
bourhoods. “Law and order” became the rally-
ing cry of right-wing politicians, above all
Richard Nixon, who rode that fear right into the
White House.

But during the Clinton years, for reasons
nobody fully understands, the wave of urban
violence receded, and with it the ability of politi-
cians to exploit Americans’ fear. _

It’s true that Sept. 11 gave the fear factor a
second wind: Karl Rove accusing liberals of
being soft on terrorism sounded just like Spiro
Agnew accusing liberals of being soft on crime.
But the GOP’s credibility as America’s defend-
er has leaked away into the sands of Iraq.

Let me add one more hypothesis: Although

. everyone makes fun of political correctness, I’d

argue that decades of pressure on public fig-

‘ures and the media have helped drive both

overt and strongly implied racism out of our

~ national discourse. For example, I don’t think a

politician today could get away with running
thc infamous 1988 Willie Horton ad.

Unfortunately, the campaign against misog-

yny hasn’t been equally successful.

By the way, it was during the heyday of the
baby boom generation that crude racism
became unacceptable. Obama, who has been
dismissive of the boomers’ “psychodrama,”
might want to give the generation that brought
about this change, fought for civil rights and
protested the Vietnam War a bit more credit.

Anyway, none of this guarantees an Obama
victory in November... Racial division has lost
much of its sting, but not all: You can be sure
that we’ll be hearing a lot more about the Rev.
Jeremiah Wright and all that. Moreover, despite
Hillary Clinton’s gracious, eloquent concession
speech, some of her supporters may yet refuse
to support the Democratic nominee.

But if Obama does win, it will symbolize the .

great change that has taken place in America.
Racial polarization used to be a dominating
force in our politics — but we’re now a different,
an ' better, country.

(This article was written by Paul Krugman of
the New York Times News Service - c.2008).















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Treated like
dumb animals
for too long

EDITOR, The Tribune.

. I shall be grateful if you
would give me a small space in
your paper just to publish a bit
of information for the attention
of those responsible to do some-
thing about it; hoping that some
changes or improvement will
take place.

The people of Mayaguana
have been treated like dumb
animals for far too long.

Our mail boat service is very
poor; often one doesn’t know
when or even if it will come.

The Bahamasair service is
very poor. Mayaguanians are
treated as if we are insignificant
and often pushed aside giving

preference to Inagua. We often .

have to wait for long protracted
periods to travel on Bahama-
sair, even though sometimes the
needs are urgent.

ZNS Radio signals are
almost none existent, although

LETTERS

rs@tribuinemedia, net



we have had fiber optic cable
coming into the island for
almost two years; but no distri-
bution to the residents. We can-
not hear the news in our own
country; and if one don’t have a
satellite system, to enable them
to view the foreign news, we are
virtually out off (news wise)
from the rest of the modern
world. :
Imagine, we are in the Hur-
ricane season and cannot rely
on the radio communication to
keep residents informed of a
potential or imminent hurricane
threat to the island. As for
Cable Bahamas services that
was supposed to have been
extended to all the major

Bahama Islands, it’s as if we are
a little uninhabited cay, as there
has been not even a mention of
such in recent years. Certainly,
no positive movement that we
can see or even hear of.

This situation has existed for
far, far too long with no action
from those responsible. I
believe, because Mayaguanians
are too passive and have kept
quiet about this vexing situa-
tion.

I sincerely hope that those

responsible will please for ‘1;

God’s sake do something to
improve this: situation for
Mayaguanians and don’t allow
us to continue to suffer.

A CONCERNED
MAYAGUANIAN
Abrahams Bay,
Mayaguana,

June 3, 2008.

Sense of total chaos was s the
inspiration for ‘Our Bahamas’

EDITOR, The Tribune.

“Our Bahamas” (below) was
inspired by recent shootings,
stabbings and near riots in and
around our country’s capital
and hearing these discussed by

Michael Pintard, his guests and-
the public on, The way For-

ward. “Our Bahamas” resulted
from my feeling troubled to the
core, by a sense of and fear of,

‘total chaos. My wish is to inspire

a turn around or to invite us all
to prepare for mayhem and for
the worst.

Obediah Michael Smith.

EDITOR, The Tribune.

; Our Bahamas

another Black country down

' the drain

is Solomon Kerzner begin-

' ning

to rethink his investment

Paradise Island - so near by it,
all around it, slum

oasis of wealth, of the best
life has to offer, in the midst of
squalor

towers going up, people and

* standards

going down, going way down

going out fast - cork pulled
3 {







oe we

wo








out,
baby and the bath water,
down the drain

how do these - why do these
countries fail inundated by
garbage from the First World

technological gadgets, guns,
coupled with programming,
films, shows, songs

and we.think, attached to
these things

we’re modern, with it, when, |.
May, 2008.

instead

with modernity in hand, we
are being wiped out

buttons in hand to click our-
selves into extinction

another Black country down
the drain

destabilized, its legs knocked
out from under it.

. OBEDIAH MICHAEL

SMITH
Nassau,

Political epiiaph of Obama

EDITOR, The Tribune.

HAS the rush of the Junior Senator of Illinois, Senator Barak
Obama been eclipsed by the bru-ha-ha of Trinity Church Chicago?

There cannot be any doubt that after attending this church, he
admits he found his Jesus there, was married and christened his chil-
dren and suddenly because the Focus Groups and the Political
Pollsters‘tell him, Senator Obama, distance yourself and with a swift
announcement his 22+ years of worship goes straight down the drain
and he resigns his membership tells everyone a lot about the man.

This indicates very, very much the character of the Junior Senator
and will haunt him til and after November 2008 if you have not for-
gotten there will be a US general election then.

Under fire if you believe and are a man of faith and belief you
stay strong and loyal to your beliefs.

The political epitaph of Senator Obama in political terms has
been written in this Chicago Church with his resignation.

JOHN MORRIS
Nassau,
June 1, 2008. .

NOTICE is hereby given that KELLY DORCELEY of
NORTH PALMETTO POINT, ELEUTHERA, 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 3RD day of
JUNE 2008 to the Minister responsible for Nationality and
Citizenship, P.O.Box N- 7147, Nassau, Bahamas.

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THE TRIBUNE

LOCAL NEWS

TUESDAY, JUNE 10, 2008, PAGE 5



Tourism Ministry to develop special de deals

Bid to appeal to cash-strapped US consumers

THE Ministry of Tourism is
partnering with the private sector
to develop special deals which will
appeal to the cash-strapped Amer-
ican consumers.

Soaring oil prices, steady
increases at the grocery store and
the sub-prime mortgage crisis have
many American travellers in
search of bargains.

To attract those hardest hit by
the US’ economic woes, the Min-
istry of Tourism, in conjunction
with the private sector is inventing
new incentives to increase arrivals
to the Bahamas.

Before there was even talk of an
impending recession by American
policy makers and the media,
Bahamian tourism officials — both
private and public — say they saw
the softening in the US economy
and began thinking of ways to
ensure that the Bahamas retained
or increased its market share in
what has become a fiercely com-
petitive industry.

“We are very aware of the sig-
nificant developments currently
playing out in our major market
and the Ministry of Tourism and
Aviation, in conjunction with the
private sector, has collaborated on
strategies to address the situation
head on,” said Vernice Walkine,
director general of Tourism. ~

Some of the strategies devel-
- oped include attractive marketing
incentives such as three-night spe-
cials on Nassau/Paradise Island
and Grand Bahama for $299; $200
rebates also on New Providence
and Grand Bahama; “kids-stay-
free” specials, and “first- and
fourth-night-free” deals.



principles,



Send resume to:



‘Director of Human Resources
P.O. Box CB-13005

E-mail: CMajor@grp.sandals.com

These special offers have been
advertised on American television,
radio, in print and on numerous

web sites. The ministry and the -

promotion boards say they have
also engaged with on-line travel
distributors such as Travelocity,
Expedia and Orbitz in “aggres-
sive” co-operative campaigns, as
well as with tour operators, such as
Liberty/GoGo and Travel Impres-
sions.

“We are seeing:a strong ten-
dency to book during a short win-
dow prior to date of arrival, which
makes it difficult to make occu-
pancy predictions but we are
very pleased with the
results of our recent
offers,” Fred Louns-
berry, CEO of the
Nassau Paradise
Island Promotions
Board said. .

Grand Bahama &
Island’s Tourism Board %
executive, James Turn- ‘4
er, said he is very pleased *
with the response by US %
consumers to the special
offers.

“Obviously, they are seeing *
a value proposition and
jumping to take
advantage of
offers which
have limited
booking win-
dows,” he
said.
Hartman,

Sandals Royal Bahamian Resort & Offshore Island

Invite application for the position of

FINANCIAL CONTROLLER |

Must posses knowledge of the application of sshicrally accepted accounting
internal control systems and computerized systems,
and willingness to train, counsel and coach employees, proven ability
to create and implement project plans for major improvements in
existing procedures related to existing systems or new systems and the
re-engineering of existing ways of doing business to facilitate improvements
in productivity as well as strong leadership in areas of responsibility.



The successful applicant must have a minimum of 10 years of progressive
experience in the Hotel Accounting or related field) A Bachelors
degree in Accounting or Finance with a CPA certification is required.

Interested persons should submit resume by email to:

president of the Bahama Out
Island Promotions Board, said he
is confident that the greater col-
laboration he is witnessing
between the private sector and the
government will be of great bene-
fit.

“With the assistance of Ministry
of Tourism and Aviation, we have
been able to redesign our website,
create new online and print ads

and have
































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Email. info@theskincentre.com



placed these in magazines, news-
papers and select websites result-
ing in enormous spikes in leads
being generated for our hotels
members,” he said.

Ms Walkine said that the
already close relationship between

her ministry and the private
sector has now become even clos-
er.

“Recently, we have joined
forces even more. We have
increased the schedule of meet-

and representatives from major
resorts like the Cable Beach
Resorts, Sandals, Westin and Sher-
aton Our Lucaya, Atlantis and
Four Seasons.

“Additionally, task forces
designed to address specific issues
facing the industry such as airlift
and workforce development are
now in place,” she said.

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PAGE 6, TUESDAY, JUNE 10, 2008

THE TRIBUNE



. LOCAL NEWS

Robbers hold up
Commonwealth Bank

KEMP'S FUNERAL HOME LIMITED

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

eS ie

MRS. OCTAVIA JEAN
HIGGS

of Blair Estates,
Nassau, N.P., The
Bahamas will be held
at Ebenezer Methodist
Church, East Shirley
Street, Nassau on
Thursday, 12th June,
2008 at 3:30 p.m.













The Rev. Charles New
will officiate and interment will follow in
Ebenezer Methodist Cemetery, Nassau..





Mrs. Higgs was predeceased by her daughter,
Veronica L. Higgs, and is survived by her.
husband, Gordon P. Higgs;
a brother-in-law, Kingdon Higgs and family
(Harbour Island); nephew, Eugene Higgs and
family; niece, Claudette Lowe and family;
other relatives, including Patricia Cash and
family (Harbour Island), Andrew Cash and
family, Tom and Alberta Campbell and
family, Marcian Cash and family (Florida);
many dear friends, especially Una Sawyer
and family, Florence Carey and family, Freda
Hall and family, her caregiver, Susan Jarrett,
Bill and Penny Hogg, Ian and Ann Lever
and Brian and Tonya Russell.















Instead of flowers, donations may be made
to The Salvation Army, P.O.Box N. 205,
Nassau in Memory of Mrs. Octavia Jean
Higgs.





Arrangements by Kemp's Funeral Home
Limited, 22 Palmdale Avenue, Nassau, N.P.,
The Bahamas. Agee





Q THE WORLD

VACANCY

FROM page one

lord’ because she had just
moved from in front of that
same male teller,” Mrs Fergu-
son said. Mrs Ferguson said that
she immediately got to the
ground.

According to Chief Superin-
tendent Glen Miller head of the

Central Detective Unit, police
received a report of the hold up
around 11.46 am. Mr Miller said
that both of the robbers were
reportedly armed with hand-
guns and one of them jumped
over the counter and demanded
cash. Mr Miller said that nei-
ther of the gunmen wore masks
during the hold up.

“They were unmasked apart
from one of the culprits wearing
a pair of dark shades and a tam
with rasta locks which appeared
to be one that you would buy

_. from a shop,” he said.

According to reports the
bank was crowded at the time
of the robbery. Mr Miller said
that fortunately no shots were

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fired and no one was hurt. One
individual, reportedly a bank
employee shaken by the attack,
was taken away by ambulance.

Mr Miller said that police
were getting “good” informa-
tion. They were also using the
bank’s surveillance footage and
composite sketches in their
investigation. Mr Miller said
that yesterday’s incident was
the first bank robbery for the
year.

Supt Wayne Miller officer in
charge of the Carmichael Road
division said yesterday said that
police intend to increase their
visibility in the area.

“We will increase or visibility
in this area to ensure that cus-
tomers and staff feel safe during
this period. We assured them
that we will continue to be mon-
itoring them and to continue
patrolling, the banks in the
area,” Mr Miller said yesterday.

Teen reportedly
raped after man
forces his way
into family home

FROM page one

area, Chief Superintendent
Glenn Miller said.
"There was arape this morn- .
ing. A 17-year-old of Nassau
Village around 1 am reported
(to her family) that she was
raped. The father gave chase of
the culprit after it was reported
to him and a number of con-
cerned citizens who observed
what was going on assisted in
the chase and arrested a man
who's now in custody." — .
CSP Miller said the alleged
attacker forced his way into the
home through a window. While
police investigations are con-
tinuing, police say there is no |
information to suggest that the
victim knew her rapist.
Although traumatised by the
ordeal, the victim.is in "pretty
good shape", CSP Miller said.
A 28-year-old resident of
Lewis Street is assisting police
with their investigations.




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THE TRIBUNE

TUESDAY, JUNE 10, 2008, PAGE 7



LOCAL NEWS he 4
AE ail El Fa -

Salvation Army School for the §

Blind student makes history

A 17-YEAR-OLD student of
the Salvation Army School for the
Blind has made history by becom-
ing the Ministry of Tourism’s first
visually impaired foreign language
cadet.

While Rickia Arnette sees her-
self as.an ordinary teenager, others
see her as someone who accom-
plishes extraordinary things every
day.

In an addition to. becoming a
language cadet, she is also the first
visually impaired intern to work
with the conference services at the
Atlantis Paradise Island resort. .

Rickia’s foreign language jour-
ney began at the age of nine, when
she received a scholarship to
attend the Spanish Centre where
Sandra Clarke teaches.

Ms Clarke introduced her to the
Spanish language and this has
sparked her love for many lan-

_ guages.

Now, Rickia has finished the
first portion of the foreign lan-
guage cadet programme, which
trains high school students to prop-
erly employ foreign languages in a
variety of situations, including
tourism scenarios.
~ In July, the programme will take
her to Costa Rica for a four-week

immersion exercise.

“It’s an excellent programme
and it gives young people a chance
to learn a second language and its
origin,” Rickia said.

“It gives us an opportunity to
meet persons outside of the

Bahamas and it helps us to build a

relationship with them where we
can promote the Bahamas.”

Training

In the midst of a busy training
programme, Rickia is also com-
pleting her 40-hour volunteer
internship at Atlantis, where she
gets to practice Spanish and assist
visitors.

“Learning a second language is
important because the Bahamas is
becoming a mixing bowl every
day,” she said.

“As we develop, we find that a
lot of our visitors speak Spanish
or another language. I’d like to
further improve my communica-
tion skills in Spanish because I
want to be able to communicate
with the visitors and make them
feel at home to keep them coming
again.”

In addition to Spanish, Rickia
has set herself the goals of learning

French, German, Italian, Chinese
and Creole.

She hopes to become an inter-
preter and assist visitors, includ-
ing those who may be visually
impaired.

Maria Deleveaux, principal of
the Salvation Army School for the
Blind, said Rickia has the right atti-

“tude to succeed in whatever she

decides to do.

She described Rickia as an inspi-
ration to her other students.

“Rickia loves to share, so she
shares all areas with the students,”
Ms Deleveaux said.

“To the little ones, she is like
their mother. The older ones, she
would try to help them the best
she can, even though sometimes
she‘is rejected by them. Some-
times, they treat her really (harsh-
ly), but she never gives up. She
would still be there for them when
they need her, and she’s still there
smiling through it all.”

SAVE



Arawak Cay|

Royal Island (Bahamas) Limited

INVITATION FOR EMPLOYMENT

Royal Island (Bahamas) Limited, the developers of the Royal Island
Resort and Residential Project, just off North Eleuthera wish to fill
the following position: ;

Electrical Superintendent ;

This position will oversee the construction and installation of the
island-wide electrical systems Royal Island Bahamas.

The Qualified person will be able to run underground conduits, install
conduits in buildings, thus understand electrical installation needs
from Start to finish. You will supervise contractors in the installation
of the designed electrical system. Primary responsibilities include
direct supervision of the electrical contractors, trouble shooting,

’ planning work, maintain jobsite safety, prepare daily construction
» Feports and to, participate, in, weekly.construction meetings. Position. ...|

tp ~ requires the candidate to create and process contract directives,to be . .. |.

“\ converted to change orders. This is not a desk position -this is a field
position. Educational degrees and certifications are a plus but experience
in maintenance and repair of electrical equipment in a commercial
industry is better. Local candidates preferred. IMMEDIATE
INTERVIEWS for qualified applicants.

Qualifications and Experience:

‘

The individual must have a minimum of fifteen (15) years of trade
experience in the electrical field. Applicant must demonstrate strong

leadership and excellent communication skills.

The successful candidate will be required to work on Royal Island

Bahamas.

Interested persons should submit their resumes with cover letter to:

Fax to: (954) 745-4399
Or

Email to: aileen.miller @royalislandbahamas.com

Royal Island (Bahamas) Limited thanks all applicants for their
interest, however only those candidates under consideration will be

contacted.









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Bl COLONIAL GROUP
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Rickia said that she has had sup-
portive people in her life to keep
her motivated and focused.

She lists her biggest supporters
as Ms Deleveaux, her Spanish
teacher Ms Clarke, her homeroom
teacher William Lightbourn and
her entire family.

“My mother picks me up when’
I’m down and she encourages me
to.keep studying and staying
focused,” she said.

Rickia is determined to accom-
plish all of her goals.

In the near future, she plans to
study foreign languages at the Col-
lege of the Bahamas, live in Mexi-
co or Spain for up to two years,
work as an interpreter for the Min-
istry of Tourism and transcribe

documents into Braille for visually -

impaired visitors.

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MARIA DELEVEAUX, principal of the pavatan Army School for the
Blind, and Rickia Arnette.





PAGE 8, TUESDAY, JUNE 10, 2008

THE TRIBUNE



Suspect questioned ©

Twin engine aircratt |
FROM page one

on the aircraft suddenly failed, resulting in the pilot turning
around and descending in an attempt to land on South Bimini,”
said Chief Superintendent Rahming. “However, as he was
approaching South Bimini, the left engine also failed, causing
him to ditch the aircraft into the sea, about a half mile south of
the tip of North Bimini, opposite the Bimini Sands Resort.”

Reportedly, Chief Councilor Tasha Bullard-Rolle, with oth-
er persons who saw the aircraft going into the sea, immediately
dispatched several boats to the scene, one of which rescued Mr
Aranha and ferried him ashore at the Bimini Sands Marina.
The aircraft, however sank to the bottom in about 35 to 40 feet
of water.

‘“A local diver was able to retrieve the pilot’s personal
belongings and the flight documents from the sunken plane,”
Chief Superintendent Rahming said.

“The Civil Aviation Department out of New Providence,
along with the National Transportation Safety Board in Wash-
ington, DC, will be conducting an investigation into this inci-
dent,” he added.

COMMONWEALTH BANK

Employment O
Assistant Manager Recruitment,
Human Resources

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

Commonwealth Bank is presently considering applications on
Assistant Manager Recruitment, Human Resources.

CORE RESPONSIBILITIES INCLUDE:

® Actively recruiting staff through job fairs, focused advertising and
in house posting

® Overseeing the testing of applicants

® Screening / interviewing of applicants

© Performing all background. checks, obtaining references and

' transcripts on potential candidates

* Preparing job letters, job descriptions and other new hire forms
and documents

® Conducting the welcome and familiarization program for new
hires

® Overseeing the Bank’s Employee Referral programi

® Maintaining the HR. Database

® Preparation of HR reports

® Setting annual objectives for direct reports and appraising their
performance semi annually

© Training and coaching of direct reports

® Promoting and maintaining excellent customer service

QUALIFICATIONS, SKILLS AND EXPERIENCE:

Candidates must meet the following criteria:

® Possess a Bachelor’s Degree or higher in Human Resources or
in a related discipline from an accredited University

® Minimum of five years experience in Human Resources with a
minimum of two years experience in recruiting

© Excellent interpersonal skills

® Proficient in the use of the Microsoft range of applications

© Excellent communication, analytical and reasoning skills

© Excellent organizational and time management skills

® Team Player with the ability to add value and strength to the
team and team goals

® Honest, hardworking and ability to meet deadlines

REMUNERATION PACKAGE: ;
Commonwealth Bank is a Great place to work! We offer an
exciting work environment with the opportunity for growth and
development. We also offer a competitive compensation package,
reflecting the successful applicant’s experience and qualifications,
including a performance based incentive plan, health, vision,
dental and life insurances and a pension plan.

Qualified individuals should submit complete resumes before
June 13, 2008 to: ,

Human Resources Department
Re: Assistant Manager HR
P.O. Box SS-6263
Nassau Bahamas
Telefax: (242) 393-8073
E-mail address: hr@combankltd.com

©2008 CreativeRelations net

“Commonwealth Bank sincerely thanks all applicants for their
interest in becoming a part of our Bank, however, only those
under consideration will be contacted.”



FROM page one

persons of interest who came
up. We brought them into cus-
tody we questioned them, and
persons were released. We
don’t at this point, we don’t
have sufficient evidence to
(bring) a charge against any-
body.

“But certainly as informa-
tion comes about we are
bringing persons in and we are
questioning them.”

Some have expressed doubt
that police will solve the
crimes because they all
involve gay men. Extreme

homophobia in the Bahamas

makes it risky for homosexu-
als to come forward and pos-
sibly testify, as being ‘outed’
can have, serious personal
and PLotessiong! conse-
quences.

“Of course they will be

_ solved. Of course they will

be,” answered Mr Miller in
response to a question on the
likelihood of resolution to
these killings that have capti-
vated the country. “I am con-
fident that it is a good team
that is working on them. Cur-

. rently, there is an incident

room. We have teams of offi-
cers working on these matters
as we speak and I feel good
with the people that are work-
ing them.”

Mr Wilson, a 32-year-old

in gay man’s murder

Jamaican, was stabbed to
death with a sword or large
dagger last Tuesday at his
Rusty Bethel Avenue apart-
ment near ZNS.

Mr Adderley had his throat
slashed several weeks ago at
his Delancey Street apartment
just across the street from the
old Buena Vista restaurant,
which is just a few hundred

yards from the two sites where |

Dr McDonald (Queen’s
Street) and Mr Taylor (West
Hill Street) were killed in
November 2007.

FROM page one

of Assembly yesterday.
“Confronting the challenges of food security
must be a collaborative effort. While our main

- thrust is to improve the commercial viability of

the agricultural sector, we also believe that...we
should encourage all Bahamians to define a role
for themselves in reducing their food costs and
their vulnerability to imports,” he said.

“This government believes we must return to

days when householders grew a little something °

for themselves in their backyards: We must get
back to basics.”

A pilot “urban backyard garden programme”
will be put into motion, involving 100 households
in New Providence.

After being presented with backyard growing
kits put together by.the Bahamas Agricultural
and Industrial Corporation, selected residents’
progress will be monitored over a three-month
period.

“Participating residents will each be encour-
aged. to devote a minimum of 30 square feet of
yard space to producing two to four crops a
year...the backyard kits will consist of seeds, soil
nutrients and basic planting and crop care infor-

. mation,” said Mr Cartwright.

He added: “By simply growing two cycles of

Food growing projects

tomato, cucumber, sweet pepper and cassava the
average household would have significant sav-
ings per annum.”

Mr Cartwright added that as a part of the gov-
ernment’s new “residential fruit tree programme”
he anticipates his ministry being able to distribute
free of charge various fruit trees, with basic care
instructions, to “householders, schools and pure
lic entities” by October.

“It will be good for our health and environ-
ment (and) will provide a basis for domestic and

. commercial consumption,” he said.

Meanwhile, school gardens will be established
this year as part of a three year programme

. intended to get more young people involved in

efforts to secure Bahamian food supplies i in the
longer term.

Planted gardens will play a part in encouraging
young people “to appreciate agriculture, nature
and the environment, and to impress on them
the critical importance of food security,” noted Mr
Cartwright.

He added that government also hopes the in-
school and residential initiatives will assist gov-
ernment in “demonstrating the viability of tech-
nology driven agriculture.”

§ Make your weekends work for you! Earn

a degree

in Business,

Accounting,

Computers, Human Resource Manage-
ment or Public Administration.

New classes are forming now. Call Success for registration and program details. 324-7770

The Bahamas Telecommunications Company, Limited (BTC)

GOVERNMENT NOTICE

Invitation for Proposals

The Bahamas Telecommunications Company Limited (BTC) is soliciting proposals
from qualified parties fo provide a “War Gaming Proposal”.

BIC is seeking fo secure the services of a consultant or agency to analyze the opera-
tional and marketing performance and strategies of BIC with respect fo its mobile
market segment. The agency or consultant is expected fo provide a proposal that
will introduce a “dummy” company by the name of Megacell into the marketplace
with the primary purpose of penetrating BIC’s mobile customer base.

Megacell will develop a full marketing and product roll out selon? fo be imple-
mented in a virtual environment. It should include the following:
* Launch plans and related collateral and activilies =.
¢ Budgetary provisions for all marketing activities
¢ Marketing collateral geared to specific and ongoing promotions, specials, and

other differentiators

¢

* Pricing of goods and services, including seasonal pricings

¢ Strategy for corporate sponsorship and corporate civic citizenship

¢ Wholesale and Retail Distribution strategy, including third party licensed retailers
and/or handset subsidies and pricings as may be applicable.

« Customer care strategies, including specific strategies for customer acquisition

and retention

¢ Strategies(both formal and informal) for managing and influencing the regulatory
environment and for competitor and market intelligence gathering

Interested parties may obtain further information, including eligibility to participate
as of May 26, 2008 from the BIC Marketing Department, Bay Street, Nassau, Baha-

mas.

Any queries should be directed to Eldn Ferguson, eferguson@btcbahamas.com i

242-302-7540,

Please respond fo this RFP by no later than July 8, 2008 addressed to:

Mr. Kirk Griffin

Executive Vice President
The Bahamas Telecommunications Company Limited
P.O, Box N-3048

John F. Kennedy Drive
Nassau, Bahamas

Proposals will be opened 12 Noon, July 11

, 2008, BTC Marketing Office, Bay Street.

BIC reserves the right to reject any or all proposals.



Bimini residents
delegation wants
‘attacks’ against
development

to end

FROM page one

ley Saunders, a local govern-
ment councillor for Bimini
and Cat Cay, in a petition
with 300 signatures delivered

to the prime minister’s office

yesterday.

Opponents to the Bimini
Bay Resort, who claim
that it is destroying the
habitat on the island, have ©
established two websites
detailing the environmen-

tal degradation they think

the development has
caused. They accuse the
development, which is led
by Gerardo Capo, of cut-
ting down, filling in and
destroying the rich man-

* grove ecosystem of Bimini.

Mr Saunders, in an
interview at The Tribune,
accompanied by nine other
Bimini residents, said that
the repeated attacks on
the resort puts at risk the
jobs of the numerous
island residents who make
their living from the
resort, either directly or
through economic spin-
offs.

The international envi-
ronmentalists who have
kept up a sustained attack
on the resort, said Mr
Saunders, “have no vested
interest in Bimini and no
interest in the welfare of

_ children.”

The negative talk on the
websites can damage the
economy of the island by
anaking tourists wary of
coming to the island, he
said.

“Because once the
tourists see this bad nega-
tivism on the Internet,
they’ll go to other destina-
tions.” .

Straw vendor Carmen
Dames, who was one of
the residents from Bimini
in the delegation, spoke to
the’beriefits she thinks
lowal merchants recetve
from the development.

“The resort has made
purchases very good for
Bimini, you know, down in
the market. We were.
doing very good, especially
during the weekends when
they’re (the resort) full.
They (tourists) flow down
to the market and pur-
chase the souvenirs and
Bimini bread and conchs
and lobsters and every-
thing else they can have
that they want,” she said.

In a two-page article
that recently appeared in
“Diver” magazine, Jean-
Michael Cousteau, grand-
son of ocean explorer
Jacques Cousteau, strong-
ly criticised the Bimini
Bay development.

“Unless something is
done soon to develop a
more sustainable plan that
safeguards the habitat, it
will soon be bulldozed for-
ever. The Capo Group
plan to expand Bimini Bay
in favour of more condos
and a golf course in Phase
II. If Bimini Bay is to be
saved, Phase II must be
stopped,” he said.

Another vocal foreign
voice is Dr Samuel Gru-
ber, head of the Bimini
Bay Biological Field Sta-
tion — referred to as the
Shark Lab. He is a
University of Miami pro-
fessor.

Mr Saunders said that
he too is concerned about
the environment in Bimini
and is of the view that the
government should estab-
lish a Bimini Land and Sea
Park (BLSP), a protected
land and marine area on
East Bimini, under the
management of the
Bahamas National
Trust.

“T truly feel that the
quicker the BLSP is imple-
mented, all the name call-
ing and stone throwing
between the proponents
for the mangroves and the
proponents for the devel-
opment will cease,” he
said in a document
expressing his views on the
environmental measures
needed to protect the
island.

“Also the sooner BSLP
becomes a reality, that
portion of land becomes
out of reach of land specu-
lators and real estate
developers for good.”

Phase II of the develop-
ment includes a luxury
Conrad Hotel.



THE TRIBUNE

TUESDAY, JUNE 10, 2008, PAGE 9



Atlantis team
conducts coral
reef clean-up

IN COMMEMORATION
of World Ocean Day on Sun-
day, the Atlantis team initiat-
ed an extensive coral reef
clean-up exercise.

The event was spearheaded
by vice president of water fea-
tures, Michelle Liu and direc-
tor of marine aquarium oper-

ations, Dave Wert.
' A team of 14 scuba divers
and two on-board crew mem-
bers set out on Atlantis’ “Sea
Keeper” to help dig up the
piles of debris that cluttered
a struggling coral reef off the
eastern end of New Provi-
dence. This is the first time

that Atlantis has orchestrated |

a clean-up of this magnitude.
“We recently discovered a
reef with a heap of garbage in
one spot. In order for the reef
to grow you can’t have for-
eign objects on it. By remov-
ing the debris we’re giving the
reef an opportunity to flour-
ish,” explained Michelle Liu.
Once at the spot, the 14
divers put on their scuba gear,
jumped in the water, and got
to. work combing the 45
square foot area in search of
the unwanted debris. It didn’t
take them long to find it.
Within minutes they could be
seen hauling large orange bas-
kets filled with bottles back to

Albany begins

the boat. In addition to the
bottles, they also found tyres
and old wire, all believed to
have come from a sloop that
may have gone down in the
area decades ago. It took the
divers just two hours to fill
three large blue bins with
more than 1000 bottles and
three tyres.

“I think we did a good job.
We managed to get most of
the bottles and all of the tyres
up,” said Dave Wert.

Thursday afternoon’s clean-
up exercise is just one of the

many ways that Kerzner Inter- |

national has become a lead-
ing environmental steward.
Recently, The Blue Project —
an initiative meant to restore
dying coral reefs — was estab-
lished as well as a number of
other ocean conservation pro-
jects.

“People don’t realize that
what we’re doing on land is
destroying our marine envi-
ronment,” explains Liu.s

She hopes that this “World
Ocean Day Coral Reef Clean-
up” will help encourage other
Bahamians to continue the
trend of keeping our waters
clean.

By doing that, we’ll guaran-
tee its sustainability into the
future, she said.

a summer

internship .
: MY ogra ;

Development seeking interns





- ALBANY has developed a summer internship programme
through which Bahamian students can gain hands-on experience
in several areas of the $1.3 billion resort community.

Open to students grades 11 though college, the programme
focuses on three main fields associated with Phase One of the
development: construction management, environmental man-
agement and golf course development.

The internship is running from June through August 2008.

“With construction at Albany under way, we have worked to
strengthen and promote the use of Bahamian skilled labour and
with this goal in mind, we wanted to open our business to allow
Bahamian youth to work hand-in-hand with local and interna-
tional contractors,” said Christopher Anand, managing director
of Albany. “This programme is of great importance to us as we
strive to be a positive force in the Bahamas.”

Resort

Albany is a luxury beach resort community spanning 565
acres on the southwestern coast of New Providence being devel-
oped by Tiger Woods, Ernie Els and Tavistock Group.

The development is located between Adelaide Village and
South Ocean Golf Course and will include a luxury boutique
hotel, mega-yacht marina, equestrian centre, state-of-the-art
fitness centre with lap pool, spa, tennis centre, water park,
adult pool and an 18-hole championship golf course designed by
Ernie Els.

“As The Bahamas continues to develop, preat care has to be
taken to ensure that the next generations of Bahamians have the
best opportunity of benefiting through first-hand experience and
international exposure to new techniques and methodologies,”
said Ms Rochelle Newbold, programme co-ordinator.

@ ALBANY INTERNSHIP PROGRAM 2008
Scope of Work

Construction Programme:

Each intern is mentored by a project manager or senior pro-
ject engineer, who will guide and supervise them in accom-
plishing their assigned responsibilities and training.

Interns are exposed to the local style of construction as a
business while receiving a hands-on introduction to the world of
construction management. Each intern is placed on one of our
many construction projects related to the amenities identified in
Phase One of the Albany development. The experience gained
will depend on the type of project to which each intern is
assigned and the construction phase i in which they enter the pro-
ject.

Environmental Programme:

Each intern is mentored by a project manager or senior pro-
ject engineer, who will guide and supervise them in accom-
plishing their assigned responsibilities and training.

The interns will work on a combination of special projects and
provide administrative support. Special projects will include
work related to the development’s Environmental Impact
Assessment (EIA) and Environmental Management Plan
(EMP) mitigation requirements.

Golf Course Programme:

The interns will work on a combination of special projects and
provide administrative support. The golf course programme
- will deal primarily with the development of the 18-hole cham-
pionship golf course.

SOME OF the debris cleared in the clean-up operation. :

Saffrey Square
Bay Street

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PAGE 10, TUESDAY, JUNE 10, 2008







| TUESDAY EVENING JUNE 10, 2008 |

| 7:30 | 8:00 | 8:30 | 9:00 | 9:30 | 10:00 | 10:30

NETWORK CHANNELS
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THE TRIBUNE

er







Let Charlie the
Bahamian Puppet and
his sidekick Derek PHT

some smiles on your 4 ;
[if

kids’s faces ;











Bring your childven.to the

McHappy Hour at McDonald’ sin
Palmdale every Thursday _

from 3:30pm to 4:30pm during the’ a |
month of June 2008. a











Enjoy Great Food, Prizes and Lots of Fun








i'm lovin’ it



Sh

TUESDAY, JUNE 10,

2008

INSIDE ¢ International sports news



Golf Federation to stage

@ By BRENT STUBBS
Senior Sports Reporter
-bstubbs@tribunemedia.net

THE Bahamas Golf Federation has
been forced to change its selection
process for the 52nd Caribbean Ama-
teur Golf Championships.

According to first vice president
Craig Flowers, the BGF will stage an
open trials over three days this week-
end for all players interested in travel-

ing to the Cayman Islands the first _

weekend in August.

Flowers said. the federation finds itself
in a tough situation with hardly any of
the facilities available to compete on. So
Flowers said they have no other choice

’ but to compact the trials into a one-

shot deal. “It impossible for us to have
qualifying rounds plus the final trials,”
Flowers revealed. “So we have decided
to go right into a final round with an
open field.”

Any player interested in participating
must be a financial member of the BGF

and willing to pay the entry fee of
$400.00 for 72 holes, which will be
spread over 27 holes on Friday and Sat-
urday at the newly constructed Blue
Shark Golf Course at South Ocean and
18 at the Lyford Cay Golf Course.

“The difficulty that we have is the
fact that we didn’t have sufficient time
to notify the players away in college to
compete in this event this weekend,”
Flowers lamented.

“A lot of them have made other
arrangements to compete in their col-
lege events because in talking with
them, they prefer to compete in their
meets where the competition is expect-
ed to be greater than it would be in the
Caymans.”

The way the trials will be set up,
Flowers said the players wiil partici-
pate in the first 18 holes for the first
round on Friday, followed by nine holes
to start the second day.

They will come back on Saturday to
compete the nine holes for the second

round before going into 18 holes for ©

the third day of competition.

Both Friday and Saturday will be a
progressive start at 8 a.m. On Sunday,
they will complete the trials with anoth-
er 18 holes with a progressive start at
12:30 p.m. ;

Following the trials, the final 14-
member team competing in five cate-
gories will be selected.

The team will be based on the Hoer-
man Cup for regular players (five play-
ers with the best four count each day);
Ramon Baez Trophy for Mid-Amateur
players 35 and older (two players, bet-
ter ball), Francis/Steele-Perkins for
seniors players 50 and older (two play-
ers, better ball); Higgs and Higgs super-
seniors for players 60 and older (two
players, better ball) and the George
Teale Cup for ladies (three players with
best two‘count each day).

“The greatest impact will be the fact
that we have players coming in from
Freeport on the first day of the trials,”
Flowers stated. “They have a lot of golf
to play. “I think playing 27 holes over

open trials this weekent

two days will test the endurance of all of
the golfers, particularly the senior and
super seniors, who don’t get that much
opportunity to play that much golf in
such a short space of time.”

Had the younger collegiate players _ |

come home, Flowers said the format
would have definitely favoured them.

But the way the format is set up, it will.

take its toll on all players.

“After the finals, the team will be
selected this weékend,” Flowers
stressed. “So we are encouraging any
and all players who are members of the

BGF and who wish to make the team to ~

come out and try out.”

Last year in the Dominican Republic,
the Bahamas was sixth in the battle for
the Arthur Ziadie Trophy, which is pre-
sented to the team that accumulates
the most points in all five divisions com-
bined. The ladies had the best show-
ing with a fourth place. The super
seniors came in fifth, the seniors were
seventh and both the mid-amateurs and
the regulars were’eighth.

Bishop to tee off at Commemorative Golf Classic

@ By BRENT STUBBS
Senior Sports Reporter
bstubbs@tribunemedia.net

ishop Jan Brath-
waite, now with
his time devoted
to pastoring the
Holy Dove Bap-
tist Church, is delighted to look
back and see how the game of

~ golf helped to groom him in

his younger days.

On Saturday, June 21 at the

Cable Beach Golf Course,
Brathwaite will get another
chance to display his skills as
he competes in his second
annual Commemorative Golf
Classic that will be staged as
a part of his pastoral anniver-
sary.
“This tournament is really
in aid of my mother, Loneva
Brathwaite, who is deceased.
She died from diabetes and the
Lord has impressed upon my
heart to give back to the
Bahamas Diabetic Association
and to the development of
junior golf in the Bahamas,”
Brathwaite pointed out.

“It’s a long time dream of
mine because I started out
playing around the golf course
at the age of three when my
father brought me out to the
Baillou Hills playing field,
which is now a softball field.
Now the Bahamas Golf Fed-
eration is building another golf
field on the opposite. But this
tournament presents an oppor-
tunity for golfers to golf for
God.”



BISHOP lan Brathwaite’s father, Godfrey, and young Godfrey in action
yesterday...

As a Bishop and pastor,
Brathwaite said he’s seeking

first “the kingdom of God,”

but he noted that golf has been
a love of his and he still play

occasionally. No doubt, Brath-
waite intends to test his skills
against a field of local and
international players.
Brathwaite’s father, God-

frey, said he’s been very proud
of his son, who surprised him
last year when he’honored his’

wife and the gesture brought...

“tears” to his eyes.

“I am happy to be associated
with and to help the Diabetic
Association because of all that
they did for my wife,” the
elder Brathwaite pointed out.

The former basketball, soc-
cer, tennis, cricket and field
hockey player said from the
day he got Bishop Brathwaite :
introduced to the sport by Ken
Francis, he became an ardent
player.

“T believe that not only me,
but a lot of people would like
to see their son grow up to be
Bishop, so I’m proud of him
and I’m hoping that this golf
tournament will do what it is
designed to do,” the elder
Brathwaite summed up.

In the first year, the tourna-
ment attracted about 15 teams.
But tournament director Rod-
well Knowles said that with
the way the tournament is
structured this year, they are
anticipating a much larger field
of competitors.

Knowles noted that it’s a
two-man scramble starting
with a shotgun start at 8 a.m.

Prizes will be presented to
the first gross, first through
third net and there is a $10,000
cash prize for the first hole-in-
one on the ninth hole.

“We want to extend an invi-
tation to all of the young peo-
ple, especially those in the
inner-city, to,come out and

watch the tournament and see
what it’ s all about, ae Knowles
stated:'

The, entiy fee is $125, which

includes lunch.

Chris Lewis, the pro golfer
at Cable Beach, said last year’s
event was truly a success and
they are anticipating this year
to be even bigger and better.

“We are keen on lending
our support to a good cause
that Bishop Brathwaite is fos-
tering,” Lewis emphasised.
“We will give him our full sup-
port and we look forward to
the event being another suc-
cess.”

As for a course, Brathwaite
revealed that the golfers may
be challenged by the renova-
tions taking place on the

course. But he insisted that

they shouldn’t be too con-
cerned because it will defi-
nitely be in great shape.

Bradley Cooper, president
of the Bahamas Diabetic Asso-
ciation, said they are once
again appreciative of the tour-
nament organisers for once
again considering them as part
recipients of the proceeds.

“We would like to encour-
age golfers around the country
who have somebody that is
tied into diabetes or know any-
body to come out and support
this event,” Cooper stated.
“It’s a great fun day and prob-
ably the cheapest tournament
that you will ever play in.”

Interested golfers can call
464-3356, 328-6119 or 325-3482
for further details.

Exxon Mobil performance just ‘the tip of the iceberg’

â„¢ By BRENTSTUBBS_
Senior Sports Reporter
bstubbs@tribunemedia.net

CHRIS ‘Bay’ Brown said his perfor-
mance at the Exxon Mobil Bislett
Games was just the tip of the iceberg.

Brown, 29, highlighted the perfor-
mances of Bahamian athletes over the
weekend when he lowered the men’s
national 400 metres record that he
shared with Avard Moncur with his
second place finish of 44.40 seconds.

American Jeremy Wariner stormed
back in the final 50 metres to avoid los-
ing his second straight race to clinch
the victory in a world leading time of
43.98. Brown is currently in third place

behind American LaShawn Merritt, |
who upset Wariner two weeks ago in

Berlin in 44.03.

“It was a pretty good race,” said
Brown, who actually led from the start.
“J felt good. I just want to give the Lord
thanks for giving me the strength to
pull it off. I finally got the record, but I

- really wasn’t expecting it.”

Brown, however, said he was pre~

pared to do whatever it took to hand
Wariner with another defeat.

“It was in the back of my mind. I
knew he was vulnerable, so I just want-
ed to take the race to him,” Brown
reflected. “But he proved that he just
wanted it a little more than me. At least
I showed him that I’m still there and he
needs to be concerned about me.”

Brown was referring to the fact that
he competed sparingly last year on the
European circuit and ended up going to
the IAAF World Championships in
Osaka, Japan where he finished fourth,
running out of lane eight.

“This year, I’m in a new training
camp and I’m learning how to run the
400 all over again,” Brown pointed out.
“So hopefully, I will be ready when the
Olympics rolls around. I just have to
get used to running 43s consistently
because that is what it’s going to take
for me to medal in Beijing.”

Before he gets to Beijing, China in
August, Brown has a date at the
Bahamas Association of Athletic Asso-
ciations’ Scotia Bank National Open
Championships and final Olympic trials

over the weekend of July 26-27 at the
Thomas A. Robinson Track and Beeld
Stadium.

And as the sole recipient on the
national record, Brown also puts him-
self in a position to have the field once
again come into the nationals, trying
to dethrone him as champion.

It’s a position that Brown gladly wel-
comes.

“It’s going to be a lot of fun because
we will have to go out there and give
the fans a run for their money,” Brown
lamented. “I’ve set the stage. Now it’s
up to everybody else to come and get
me. °

“TI have two weeks to fine tune my
race. I just hope that I can stay healthy
because I want to come home and run
well before the home crowd. Last year,
I did 44.88 to win and Olso was just my
third 400 for the year, so I know I’m
capable of running even faster.”

A number of other top athletes
proved that they are going to be tough
to beat in their respective disciplines
after their performances over the week-
end as well.

Also in Olson, World Champi-
onships’ silver medalist Derrick Atkins
clocked 9.98 to take the victory in the
men’s 100, well ahead of American
Mike Rodgers, who ran 10.04.

Atkins, however, trails a field of com-
petitors that is led by newly crowned
world record holder Usain Bolt of
Jamaica with his blistering time of 9.72

as he leans towards a sprint double in -

Beijing.

At the Prefontaine Classic in Eugene, '

Oregon, Leevan ‘Superman’ Sands
soared to a third place finish in the
men’s triple jump and Donald Thomas
opened his season with a fourth place in
the men’s high jump.

Sands, who had a best of 55-feet, 7-
inches, now sits in sixth place in the
IAAF ranking, which is headed by
Cuban Arnie David Girat with 57-5,
the same mark as Sands’ national
record. ?

Thomas, on the other hand, cleared
7-4 1/2. But with that being just his first
meet, it has not enabled him to crack
the top 30 barrier. American Dusty
Jonas is out front with 7-9.



Hundreds -
witness
birth of ‘08

Oy TLDy.IT

season on
BUeLUT haves)



























































































lm By RENALDO
DORSETT
Sports Reporter
rdorsett@tribunemedia.net

GOVERNORS HAR-
BOUR, ELEUTHERA —
Reminiscent of the softball
scene of yesteryear, the
2008 premiere of one of
the countries most storied
softball associations drew a
huge turnout of eager sup-
porters on opening night.

The Eleuthera Softball
Association began play last
weekend with a crowd of
hundreds on hand at Bay
Front Park to witness the
birth of the 2008 season.

In support of newly elect-
ed president Paula Johnson,
Bahamas Softball Federa-
tion executives; President-
Romell Knowles, First Vice
President-Burket Dorsett,
Second Vice President-Ted
Miller, and Treasurer-Ali
Culmer, were on hand to
endorse the league.

The most anticipated
event of the evening was
the matchup between the
defending ESA champions,
the Austin Knowles Rebels
from Sayannah Sound, for-
merly the DHL Delivery
Boys and last year’s runners
up, the Palmetto Point



Destroyers.
With a history of closely
contested matchups

between both teams, last
weekend’s contest did not
disappoint.

The 2008 Rebels sported
a new look after acquiring
the services of several new-
comers who have all played
at the National Team lev-
el.

Despite the additions of
Ricardo and Renaldo
Rolle, Greg Gardiner, and
Brian Neely, Daniel Gon-
zalez proved to be the
deciding factor in the game
with his overwhelming per-
formance from the mound.

Gonzalez tossed a no hit-
ter and struck out 15
Destroyers hitters’ en route
to the defending champions
Rebels’ 3-0 win.

Gonzalez held a perfect
game heading into the top
of the seventh inning, when
Gardiner’s error allowed
the Destroyers’ Andrew
Bethel to reach base.

The Rebels scored two
runs in the second inning
and added another in the
fifth inning for the winning



margin.

Bethel gave up just three
| hits in the loss.

In the women’s feature,
the Builders’ Square J.C
Jets defeated the Gover-
nors Harbour Big Timers,
11-6.

H. Green scored four
runs, while J. Johnson and
A. Demeritte scored two
runs each.

The Jets scored one in
the first inning, five in the
second, four in the third
and one run each in the
fourth and fifth inning.

The Eleuthera Softball
Association boasts six
men’s and three ladies
teams.



INSIGHT

For the stories

pratt mC mel Ce
read Insight
on Mondays





PAGE 12, TUESDAY, JUNE 10, 2008

TRIBUNE SPORTS



SPORTS



Andre Rodgers baseball
championships was ‘a
resounding success’

MVP of the gold medal game.

THE 6th annual Andre
Rodgers National Baseball
Championships, hosted by the
Bahamas Baseball Federa-
tion, was deemed a resound-
ing success by all accounts
with the six contested titles
netting four new champions.

Freedom Farm captured
three titles, Legacy Baseball
out of Grand Bahama took
two titles back to the nation’s
second city, while the Junior
Baseball League of Nassau
won the 12 and under title.

In the Coach Pitch division,
Legacy Baseball wrestled the

crown away from the defend- —

ing champions, Freedom
Farm, for a family island
squad title for the first time. ©

Freedom Farm had cap-
tured the title in both 2006
and 2007 and seemed poised
for a third consecutive win
before Legacy scored the go
ahead run in the bottom of
the sixth inning for the 7-6
win.

Myles Green was named
the MVP of the gold medal
game.

Legacy also took the 16-18
division as Desmond Russell
recorded an MVP winning
performance from the
mound.

Russell pitched six consecu-
tive scoreless innings after he
gave up two runs in the first.

Aneko Knowles’ solo home
run in the fourth inning gave
Legacy a one run lead en

. route to the 3-2 win over the
JBLN.

Freedom Farm’s three titles
came in the 9-10, 13-15, and
25 and under divisions.

In the 9-10 division, they

.won in convincing manner
over Grand Bahama, 11-1.

Myron Johnson was-:named










In the 13-15 division, Free-
dom Farm walked away with
a thrilling one run victory
over the Grand Bahama Lit-
tle League, 5-4.

They scored the winning
run in the bottom of the sev-

-enth inning as D’Andre Rig-

by was named the MVP.

In the 25 and under divi-
sion, Neil Forsyth gave up
just two runs and MVP
Shawn Albury led Freedom
Farm offensively in the 14-2
gold medal game win over
Grand Bahama.

Albury went 3-4, including
a home run en route to his
MVP performance.

JBLN took the 12 and
under division championship
with a thrilling 4-3 over Free-
dom Farm, the defending
champions.

MVP Byron Murray blast-
ed.a home run in the top of
the eighth inning to take the

‘lead.

Murray also controlled the
game from the mound, pitch-
ing a complete game.

The BBF also handed out
several annual awards.

Patrick Knowles Jr. was
named the Most Outstanding
High School Player, Sherman
Ferguson was named the
Most Outstanding Collegiate
Player, while Neil Forsyth.
was named the Most Out-
standing Collegiate Pitcher.

Bernard Arahna was given

' the BBF’s Lifetime Achieve-

ment award.

A testament to the growth
and prestige of the tourna-
ment was the presence of
Mike Lord, scout for the -
defending World Series -
Champions, the Boston Red
Sox.

2008 pr EVEREST





JBLN PLAYERS — 12 & Under - Gold Medal Game: MVP Byron Murray



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THOMPSON BOULEVARD ¢ TEL.: 356-7100 » FAX: 328-6094

EMAIL: friendlymotors@hotmail.com ¢ WEBSITE: friendlymotorsbahamas.com


















RESULTS

Opening Ceremonies
Awards
Recipients:

2007 - Most Outstanding
High School Player: -
Desmond Russell - Legacy
Baseball League- Grand
Bahama

2007 - Most Outstanding
Collegiate Player: - Ramon
Grant - Grand Bahama
Amateur Baseball Associa-
tion - GB

2008 - Most Outstanding
High School Player: - Patrick
Knowles Jr. - Legacy Base-
ball League- Grand Bahama

2008 - Most Outstanding
Collegiate Player: - Sherman
Ferguson - JBLN - Nassau

2008 - Most Outstanding
Collegiate Pitcher: - Neil
Forysthe - Freedom Farm -
Nassau

BBF Life Achievement
Awardee - BERNARD
ARAHNA - Grand Bahama

Photos: Eugene Thompson

Coach Pitch - Gold Medal
Game: MVP Myles Green

Legacy 7 - Freedom Farm
6

9-10 Division - Gold
Medal Game: MVP Myron
Johnson

Freedom Farm 11 - Grand
Bahama 1

12 & Under - Gold Medal
Game: MVP Byron Murray
JBLN 4 - Freedom Farm 3

13-15 Division - Gold
Medal Game: MVP. D'An-
dre Rigby

Freedom Farm 5 - Grand
Bahama Little League 4

16-18 High School Divi-
sion - Gold Medal Game:
MVP Desmond Russell.

‘Legacy-GB 3 - JBLN 2

25 & Under Division -
Gold Medal Game: MVP
Shawn Albury

Freedom Farm 14 - Grand
Bahama 2

MAJOR SPONS ORS:
BTC/
GATORADE!/ ZNS



AlvacancylexistsllatT hellNationalInsurancelB oardiforithelpositionlofiDirector.

ThelNationallInsurancelBoardlislalsociallsecuritylorganizationithatlisImandatedItolprovide
pensionlbenefitslandlotherlshort-termllbenefitsltolalllworkerslofilthe]CommonwealthllofThe
Bahamas.IItlisIcommittedItolprovidingi superior servicel whileldeliveringfonithelpromisellof
beingilalldependablelsourcelofilfinanciallsupport.IThelDirectorlisOtheDChieflExecutivel Office

_ off thel organization0 andl leadsf inl thel execution( off its0 day-to-day functions.

COREIRESPONSIBILITIES:

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solvencylofitheDNationallInsurancelFund.

Promotelleffectivelcommunicationfoniallilevelslofithelorganization.

CreatellandInurturellalbusinesslenvironmentithat)fostersimanagerialllaccountabilitylandd
operationallefficiency.

Developllandimaintainsllinkageslwithlotherfregionallandlinternationallorganizationslthat]]
fosterftheladvancementioflthelsocialllsecuritylagenda.

Providelaggressivelmanagementistrategiesltolensurellhighilevelsloflcompliancelbylemployers
andlself-employeddpersons.

MINIMUMIREQUIREMENTS:
Stronglbusinesslacumenlwithithelabilityltolcreativelylsolvellproblems.

Havellsuperiorlcommunicationlandlinterpersonallskills0withltheDabilityltolmentorialteam.
Effectivelproblem-solvinglandImediation(skills.

DemonstratedlabilitytoUsharelskillslanddknowledgelwithlothers.

Abilityltolworkwelllwithiallllevelsloflmanagement,0buildlpartnershipslandidirectiteams.

Highlyldevelopedanalyticallanddfinanciallmanagementiskills.
ExceptionallleadershipJandImanageriallskills.

BachelorisODegreeliniBusiness,lAccounting,0Finance,lorlrelatedifields JAJMB AlDegreel
wouldibelanladvantage.

BENEFITS:
Competitivelsalary,Jcommensuratel withlexperiencelandi qualifications ;JGroup]Medicalland
LifelInsurance.

APPLICATION:
ApplicantslarefrequestedItolsubmit)theirlresumelonlorlbeforel Monday, Junel16,120080to

ThelChairman
THEINATIONALIINSURANCEIBOARD
P.O.0BoxiN-7508
Nassau,JBahamas



TRIBUNE SPORTS

SPORTS

TUESDAY, JUNE 10, 2008, PAGE 13



Celtics



L eat Lakers to

take 2-0 lead in finals

@ By TOM WITHERS
AP Sports Writer

BOSTON (AP) — Kobe
Bryant couldn’t take it any-

more, so he took it out on his

teammates.

With Game 2, and perhaps
Los Angeles’ season slipping
away, the league’s MVP
looked around the huddle and
used some harsh words to fire
up the Lakers.

They responded, dug deep
and made a remarkable come-
back that fell short. Now they
have to make a bigger one.

Trailing Boston by 24 points
with less than 8 minutes left,

.the Lakers got within two
before losing 108-102 on Sun-
day night to the Boston Celtics,
who are heading out West feel-
ing a little lucky to have a 2-0
lead in the NBA finals.

Only three teams — Boston
in 1969, Portland in 1977 and
Miami in 2006 — have over-
come an 0-2 deficit to win the
title. With the next three
games on their home floor,
where they haven’t lost since
March 28, Bryant thinks the
Lakers can become No. 4.

“We’ve come too far to real-
ly sweat being down 2-0,” said
Bryant, who scored 13 of his
30 points in the fourth quar-
ter. “We’re going to go home
and handle our. business.”

That’s what the Celtics did
— barely.’

Paul Pierce darted around
the parquet floor with ease to
score 28 points and unknown

Leon Powe added 21 as the:

Celtics held serve at home in

these trip-down-memory-lane °

finals. But coasting to a
blowout win, the Celtics near-
ly blew up.

“We’re happy because we
won, but we definitely learned
a lesson,” Pierce said.

The-Lakers, trailed -95-71;

with 7:55 remaining but used a: ..
31-9, run to:pull to 104:102,on;

two free throws by Bryant with
38.4 seconds left. Pierce,
though, made two. free throws,
then blocked a 3-pointer by
Sasha Vujacic, and James

Posey made two free throws .

with 12.6 seconds left to ice it
for Boston, which improved to
12-1 at home in the postsea-
son. Pe
“We’ve got to play through
the game for 48 minutes, and I
didn’t think we did that,”
Celtics coach Doc Rivers said.
“I thought we got cute when
we got the lead.”

The Lakers, who dropped 41
points on the league’s defen-
sive team in the final 12 min-
utes, simply ran out of time.

During a timeout in the
fourth quarter, Bryant, who
has struggled against the
Celtics all season, tore into the
Lakers with a few well-chosen
words that would have never
gotten past the network TV
censors.



>







Charles Krupa/AP

BOSTON CELTICS forward Leon Powe scores on the first of back-to-back dunks against the Los Ange-
les Lakers in the third quarter of Game 2 of the finals in Boston on Sunday. f

So, what did he say?
“Get our beep in gear,” he

. said, sounding as if he was dic-

tating in Morse code. “Play
beep harder, a bunch of other
beeps. It’s beep, beep, beep,
beep, beep. ‘Eddie Murphy
Raw’ times 10.”

Beyond Bryant’s tirade, the

Lakers were also peeved about
a huge disparity at the free-
throw line. Boston attempted
38 free throws to just 10 for
Los Angeles.

Known to whistle at his play-
ers, Lakers coach Phil Jackson

felt the tweeting sounds he

heard out.of the officials were .

too one-sided.

“T’ve never seen a game like
that in all these years I’ve
coached. in the finals,” said
Jackson, who is going for his
10th title in 11 finals appear-
ances. “Unbelievable.”

Pierce wasn’t slowed by a
sprained right knee suffered in

.the series opener, when he was

carried from the court and
plopped into a wheelchair. The
Boston captain paced the
Celtics, who are back in the



Charles Krupa/AP

BOSTON CELTICS forward Kevin Garett (5) drives through the defense of Los Angeles Lakers forwards

!amar Oclom (left) and Pau Gasol (rear), of Spain, in the se

\

‘ond quarter...

finals for the first since 1987,
when Larry Bird was the main
man and gasoline cost 91 cents
per gallon.

As usual, Boston’s Big Three
—-Pierce, Ray Allen (17
points) and Kevin Garnett (17)
— were the ringleaders but
Powe, a second-year reserve
had the game of his career,
adding his 21 points in 15 min-
utes that may make him a
Celtics fan-favourite for life.

Powe, who played a total of
68 seconds during one stretch
of 13 games during the season,

scored six points to close a 15-
2 run ending the third quarter
that gave the Celtics a 22-point
lead. The quick burst had the
Lakers California dreaming.
At one point in the fourth
quarter, Boston fans discard-
ed the familiar chants of “Beat
L.A.” for cries of “Le-on
Powe!”

“He was terrific,” Celtics
coach Doc Rivers said.

Rajon Rondo had a career-
high 16 assists and Garnett
added 14 rebounds for the
Celtics, back in the finals for
the first time since 1987.

Pau Gasol had 17 points and
10 rebounds for the Lakers,
who were so far down in the
fourth that many of their pur-
ple-and-gold clad fans who
came to cheer them on, headed
toward the exits and maybe to
Logan Airport for the trip out
West. ;

But Bryant brought them
back — almost all the way.

His 3-pointer made it 102-
91 and then the self-pro-
claimed “Black Mamba” slith-
ered down the lane for two
quick baskets that got the Lak-
ers within 104-95. The Celtics,
meanwhile, began to stand
around on offense, thinking
the game was in hand.

It was anything but.

After Vujacic hit a 3-pointer,
Vladimir Radmanovic made a
steal and dunk to make it 104-
100 and Celtics fans, who had
been dancing moments earli-
er, began to panic. None of
Boston’s players seemed to
want the ball as it moved
around like a hot potato before
Rondo missed a jumper with
44 seconds left.

Bryant’s free throws brought
Los Angeles to 104-102 before
Pierce slashed down the lane
and got fouled by Derek Fish-
er. As a few of his teammates
locked arms on the bench like
a college team trying to
advance in March, Pierce

knocked down both foul shots.
Then, on defense, he got just ~

enough of Vujacic’s shot from
the left wing with 14 seconds
left.

Posey was fouled on the play
and calmly made his two free
throws. The Lakers rushed the
ball down but missed on a cou-
ple jumpers, and when the final
horn sounded, a collective sigh
of relief rushed through the
exits as the Celtics and their
fans left the building confident,
if not shaken. “We’re not set-
tling on a 2-0 lead,” Garnett
said. “We want to go out there
and win two games in L.A.”

Notes: This is the sixth time
in the Lakers-Celtics rivalry

- that a team has taken a 2-0

lead. Celtics G Sam Cassell
sprained his right wrist in the
second quarter and didn’t
return. The Lakers made seven
3-pointers in the fourth, tying a
finals record. °

Jackson, a renowned world



@ By The Associated
Press

SCOREBOARD

Tuesday, June 10

Boston at L.A. Lakers (9
p.m. EDT). The Celtics
have a 2-0 lead in the NBA
finals thanks to two home
wins. :

STAR

Sunday

— Paul Pierce, Celtics,
had 28 points and eight
assists in a 108-102 win over
the Lakers in Game 2 of the
NBA finals.

JUST ENOUGH

Paul Pierce scored 28
points, Boston’s defense
mobbed Kobe Bryant long
enough and unknown Leon
Powe scored 21 points as
the Celtics held off a
remarkable Los Angeles
rally for a 108-102 win over
the Lakers on Sunday night
for a 2-0 series lead. The
Lakers trailed by 24 with
less than 8 minutes to go,
but pulled to 104-102 on
two free throws by Bryant
with 38.4 seconds left. But
Pierce made two free
throws, then blocked a
jumper by Sasha Vujacic,
and James Posey made two
free throws with 12.6 sec-
onds left to ice it for
Boston. Game 3 is in Los
Angeles on Tuesday.

STRONG IN DEFEAT

Kobe Bryant scored 30
points for the Lakers in a
108-102 loss to the Celtics in
Game 2 of the NBA finals
on Sunday night. The
Celtics lead the series 2-0
with Game 3 on Tuesday'in
Los Angeles.

SPEAKING
“T think we got kind of
complacent with the lead.

aru,



We weren’t staying aggres-’ |

sive. We let them pick up

. their pressure. We stopped
guarding. We got to take a
lesson from this fourth
quarter. to keep playing

_tegardless of the score and
finish the game.” — Paul
Pierce, after the Celtics held
off a remarkable Igos Ange-
les rally for a 108-102 win
over the Lakers on Sunday
night in Game 2 of the
NBA finals.

traveler who often reviews
trips to his destinations, was
asked for an overview of his
extended stay in Boston, where
the weather this week ranged
from chilly, October-like con-
ditions to sweltering heat.
“It’s very green,” Jackson
deadpanned, drawing laughter
at the reference to the Celtics’
primary colors. “Boston Com-
mons, the Public Gardens.
Very green.” ;

Winslow Townson/AP —

BOSTON CELTICS’ Paul Pierce (center) tries to scoop a shot between Gasol (left) and Vujacic in the
fourth quarter...



4

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“AGE 14, TUESDAY, JUNE 10, 2008 THE TRIBUNE





COMIC. PAGE



CALVIN & HOBBES

HELLO, I'M WONDERING IF YOU DON'T? HOW ABOUT
You SELL KEGS OF PLASTIC EXPLOSIVES ?
DYNAMITE .











‘Tribune Comics -



LOOK, I'M TRYING TO SEND
A GIRL T KNOW INTO DEEP
SPACE. PERHAPS You OULD
SUGGEST SOMETHING.








YOU'RE KIDDING. WELL, WHAT

ABOUT LAND MINES? DO

YOU SELL THOSE? ... YOU
IT?





iE PARKER

Tus TO. \2
2 FARM?












---BUT IT WILL
HELP KNOWING
IT WILL BE IN
GOOP HANDS!

BIFF AND I WILL
PROBABLY NEVER
SEE THE PLACE
AGAIN.---



BECAUSE
; I KNOW

YOU'LL TAKE
CARE OF IT,














(© 1968 Universal Press Syndicate





DENNIS THE MENACE









Sudoku is a number-placing puzzle based on a 9x9 grid with
several given numbers. The object is to place the numbers 1 to oO
9 in the empty squares so the each row, each column and each
APT 3-G 3x3 box contains the same number only once. The difficulty
FN level of the Conceptis Sudoku increases from Monday to
i ceiiaeiahaidiint . Sunda)
ACROSS THE WORLD AT THE LHASA t

i
[ HOT E bse Hi, MARGO, IT’S ERIC-
SORRY ABOUT MY BAD



I MiSs You,
DARLING.
GOODBYE.



ITS FUNNY; I DREADED THIS }
CALL, BUT NOW... Al









| VWARGO'S NOT



I MISS HER














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| ANSWERING “a7 TIMING. ViGe= Sy, TERRIBLY. : !
| TLL HAVE TO 7 | iy i Wy,y hii QD is
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©2008 by North America Syndicate, Inc. World rights reserved.











BLONDIE j
“LOOK, \ MY WIFE ANO T ALWAYS | | WELL, I OON'T HAVE [ AH, WHAT THE HECK! I'LL SPLURGE
PAL, ARS ) WAIT 24 HOURS BEFORE|.[4 TIME TO HAGGLE 54 FOR THE FULL TANK! 5

you MAKING ANY MAJOR WITH YA! / °

















Difficulty Level & & & *&

Best described as a number crossword, the task in Kakuro is to
fill all of the empty squares, using numbers 1 to 9, so the sum of
each horizontal block equals the number to its left, and the sum
of each vertical block equals the number on its top. No number :
may be used in the same block more than once. The difficulty fe
level of the Conceptis Kakuro increases from Monday to Sunday.



www.Blondie.com

MARVIN

“NO, I AM NOT
A CAT HATER




I QUST DON'T WANT
ONE IN MY SANDBOX //



























(©2008 by North America Synaiicate, nc. World rights reserved.





©2008 Conceptis Puzzles, Dist. by King Features Syndicate, Inc.











6/07






TM SORRY. AS SHAKESPEAK
SAYS,/NEITHER A BORROWE!
NOR A LENVER BE"

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BORROWING
LINES FROM






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*“tH@reatyhite (toe play) Hacduatemsd:
invested a knight te chiate rher
black king art into the open’.
board, but the sacrifice looks.) 7%.
objectively dubious. The hunted
monarch appears snug at bG6,
white White's queen has
pecome a target for Black's ;
pieces. But despite having onty TRS Reco CORE FETE sconssen
a few seconds for a decision, -
the White player produced a
sneaky trap into which Black fell
heaciong. With these ctues, can
you wark out what happened?

©2008 by King Features Syndicate, Inc. World rights resorved”



LEONARD BARDEN





















Fe HAGARS Ay
4 ATTENTION //
Sov: The HOW many words of four |

Target ietters or more can you make
uses from the letters shown here?
words in in making a word, each letter
the main may be used once only. Bach
hody of must contain the centre letter
Chambers and there must be at least one
2ist nine-letter word, No plurals.
Century TODAY’S TARGET
Dictionary Good 10; very good 15:
{1999 excellent 20 (or more).
edition}. Solution tomorrow.













YESTERDAY'S SOLUTION
cling clingy cloying coin
enlon colony cony cooing




CRYPTIC PUZZLE




















































OR ENTS.

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endplay hand that is seen in newspa-
per columns every day. And as if to
prove that the players in the contest

and-discard by returning a club, and
the slam was home — just like in the
newspaper.

. tees sol 0g
T ICONOLOGY ling lingo lino
reo Down il Hee nn oot
R 1 It couldnt be 1 For knitters the alternative ; lying oncology only oolong
; better (10) is plain (4) oo
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10 With spirit, a sailor comes (3-6) | a || Fe ed ie
U back to dance (5) 3 Time to muse (5) 7
N 11. They work with a will (9) 4 The varied uses of a clas- a? ee
i 12 A pure one originates in sical hero (7)
i France perhaps (8) 5 Cocaine distilled from the 2
E 13 Niggard who would be sad sea (7) le | be Just Another Day at the Office
if able (5) 7 The pride of British rugby f
15 Fires badly singe it (7) (5) Peale ws Pee sled tec apa toes] South dealer. had been doing their homework, bid-
T 17 Hide at one time found in 8 Digger is a Viennese per- Both sides vulnerable. ding and making the slam via an end-
California (7) haps almost alll in (10) nn nnkrth | ‘NORTH play yielded only a slightly above-
i W 19 He wont leave 9 Asked to appear at court? HF @A53 average result in the matchpoint
| O the premises until hes put (8) . Med Nuit | de ec Peat wh ey <5 ; 2 ¢ Scoring, gees that aa Be
out (7 14 Seek earthly riches? 5 : eclarers found the winning line o
ae “24 oink sae on some (3,3,4) i a cel ie Fi Lt i a ea #AJ play. :
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perme ; : eh . Eateas Down #10842 #16 hand with heart support, and South
N 24 Firm produces our steel in miserable living (9) Ms 1 Make an 1 Actors in a play (4) #KQ10975 #863 leapt to four hearts to indicate better.
~ a new way (8) _ 20 Foster may run true to N impression (4,6) 2 Depending on alms SOUTH than a minimum opening. When
27 After work, quiet or music form (7) N 6 Explosion (4) (9) #Q7 South, in response to Blackwood,
QO is timely (9) 21 Gets the better of teachers | = 10 Meaning (5) 3 Proficient (5) ¥KQ8754 . tumed up with one ace but only two. }
N 28 Anxious for future perhaps (7) a 11. Infallible (9) 4 To mirror (7) @AK9 kings, North settled for a small slam. 4
(5) 23 Centre of enlightenment > 42 Acute 5 Asurety (7) 42 oe West’s club king @%
E 29 Herb that makes many fora student? (5) 1M grief (8) 7 Standoffish (5) The bidding: : with the ace, drew trumps’ in two
sick (4) 25 Blooming item at the sale 13 Deduce (5) 8 Be sold at bargain South West North East rounds and tested diamonds. Had the
ee 30 Its present in a constantly goes to us (5) | i a eg etalon $3 -Pis SNF Pass fourth Gamond tome ihe do.
Cc ; : f person (7) 14 Source of easy 6% Indeed, declarer would then have run #
| R Yesterday’s Cryptic Solution Yesterday’s Easy Solution 17 Disastrous (7) money (5,5) Opening lead — king of clubs. all his trumps in an attempt to make 3
| ; 19 Papal 16 Occurrence (8) Some players may believe that seven on a squeeze if West had the &
| O Across: 1 Parties, 5 Lotto, 8 Ladies Across: 1 Measles, 5 Scoff, government (7) 18 Discordant most of the “fancier” plays in bridge _ king of spades as well as the club @%
man, 9 Key, 10 Sups, 12 Convents, 8 Dry as dust, 9 Tun, 10 Leek, 21 Screw up (7) (3,2,4) — squeezes, coups and endplays — queen.
| S 14 Parson, 15 Neatly, 17 Post paid, 12 Dreadful, 14 In fact, 15 Legacy, 22 Weary (5) 20. Upbringing (7) never happen in real life, and that But when East failed to follow to
ae 18 Term, 21 Ado, 22 Spokesman, 17 Security, 18 Idea, 21 Awe, 24 Rabble (8) 21 Alustrous smooth they’re concocted merely to keep the __ the third diamond, declarer fell back
| S 24 Speed, 25 Outlook. 22 Hue and cry, 24 Later, 27 Exciting experience fabric (7) likes of yours truly in at least a mod- on the alternate plan of endplaying
‘ Down: 1 Pelts, 2 Rid, 3 Item, 25 Dubious. (9) 23 Take intense est state of employment. But such West. Dummy’s fourth diamond was
W 4 Symbol, 6 Taking the long view, Down: 1 Model, 2 Any, 3 Lost, 28 Vilification (5) delight (5) deals really do occur, as witness this ruffed to deprive West of a sate exit
f 7 Odyssey, 11 Periscope, 4 Squirm, 5 Situated, 6 Out of hand, . Extend (5 example from a pair event at the card, and a club was led, forcing
O 13 Composed, 14 Poplars 7 Finally, 11 Efficient, 13 Scorcher 29 Void (4) 25 Extend (5) 1997 North American Champi- West to win with the queen. West
PS aes S NAi : y ’ ’ 30 Freedom from bias . 26 For fear hi then had no choice but to lead a
16 Kimono, 19 Minsk, 20 Peat 14 Install, 16 Attend, 19 Abyss Onsps: . : s : : i
| ; ; ; , . (10) that (4) The deal is typical of the type of — spade from the king or yield a ruff-
| 23 Moo. 20 Snub, 23 Coo.
{

©2008 King Features Syndicate Inc.





otto. 8 loot

IUESVAY, JUINE 1U, ZUU8, PAGE 19



INTERNATIONAL NEWS

Cuba’s urban farming &

|

programme a success

‘iI

i By NIKO PRICE
HAVANA

For Miladis Bouza, the global
food crisis arrived two decades
ago. Now, her efforts to climb out
of it could serve as a model for
people around the world strug-
gling to feed their families, writes
The Associated Press.

Bouza was a research biologist,
living a solidly middle-class exis-
tence, when the collapse of the
Soviet Union — and the halt of its
subsidized food shipments to
Cuba — effectively cut her gov-
ernment salary to $3 a month.,
Suddenly, a trip to the grocery
store was out of reach. ;

So she quit her job, and under
a program championed by then-
Defense Minister Raul Castro,
asked the government for the
right to farm an overgrown, half-
acre lot near her Havana home.
Now, her husband tends rows of
tomatoes, sweet potatoes and
spinach, while Bouza, 48, sells the
produce at a stall on a busy street.

Neighbors are happy with
cheap vegetables fresh from the
field. Bouza never lacks for fresh
produce, and she pulls in between
$100 to $250 a month — many
times the average government
salary of $19.

“All that money is mine,” she
said. “The only thing I have to
buy is protein” — meat.

Cuba’s urban. farming program
has been a stunning, and surpris-
ing, success. The farms, many of
them on tiny plots like Bouza’s,
now supply much of Cuba’s veg-
etables. They also provide 350,000
jobs nationwide with relatively
high pay and have transformed
eating habits in a nation accus-
tomed to a less-than-ideal diet of
rice and beans and canned goods
from Eastern Europe.

From 1989-93, Cubans went

peters lable duxing eueree eaten

Per 8) as

\
'



"Javier Galeano/AP Photo

A WORKER selects lettuce at a hydroponic: fa m which uses specialized irri-

\ gation methods to grow vegetables i in smaller, non-rural areas, in Havana.

‘ from eating an average of 3,004
\ calories a day to only 2,323,
jaccording to the U.N. Food and
‘Agriculture Organization, as
shelves emptied of the Soviet
goods that made up two-thirds of
Cuba’s food. Today, they, eat
3,547 calories a day — more than
what the U.S. government'rec-
ommends for American citizens.
. “It’s a really interesting model
looking at what’s possible/in a
nation that’s 80 percent urban,”
said Catherine Murphy, a Cali-
fornia sociologist who spent a
decade studying farms in Havana.
“It shows that cities can produce
huge amounts of their own food,
and you get all kinds of social and
ecological benefits.” °
- Of course, urban farms might
not-be such a success in a healthy,
competitive economy. ~
As it is, productivity is low.at
Cuba’s large, state-run farms
where workers lack incentives.
Government-supplied rations —
mostly imported from the U.S.
— provide such staples as rice,
beans and cooking oil, but not
fresh produce. Importers bring in
- only what central planners want,
so the market doesn’t correct for

Gates 2 hy

gaps, And since most land is
ownéd by the state, developers

- are not competing for the vacant

lots jhat can become plots for
vegelables.

Still, experts say the basic idea
behind urban farming has a lot
of promise,

“Tt’s land that otherwise would
be sitting idle. It requires little or
no transportation to get (pro-
duce) to market,” said Bill Messi-
na, an agricultural economist at
the University of Florida in
Gainesville. “Tt’s good anyway
you look at it.”

And with fuel prices and food ‘

shortages causing, unrest and
hunger across the world, many
say the Cuban model should



_ spread.

“There are certain is issues where
we think Cuba has a lot to teach
the world. Urban agriculture is
one of them,” said Beat Schmid,
coordinator of Cuba programs for
the charity Oxfam International.
Other countries have experi-

mented with urban farming — ~

Cuba’s initial steps were modeled

after a green belt surrounding

Shanghai. But nowhere has urban

farming been used so widely to
] Ure



Javier Galeano/AP Photo

A FARMER works at a hydroponic farm which uses specialized irrigation methods to grow vegetables in small-

er, non-rural areas, in Havana, Thursday, May 15, 2008. The future of urban farming in Cuba is looking
brighter than ever. Now that Raul Castro is president, many expect him to expand the program he bagan as an

~ experiment in the early 1990s.

transform the way ajcountry feeds
itself.

“As the global food crisis

receives attention, this is some-
thing that we need to be looking
at,” Murphy said. “Havana is an
unlikely, really successful model
where no one would expect one
to come from.”

Now that Raul Castro is presi-.
_ dent, many expect him to expand

the program he began as an
experiment in the early 1990s.

ia ae: New.

One of the first plots he opened
was the “organoponico” on Fifth
Avenue and 44th Street in the
ritzy Havana neighborhood of
Miramar. The half-block farm —
owned by a government agency
— is surrounded by apartment
buildings and houses, but also
offices of foreign companies, a
Spanish bank and the South
African Embassy.

Long troughs brim with arugu-
la, spinach, radishes and basil, and




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few of the 20,000 square feet are
wasted.

One technician tends compost
that serves as natural fertilizer,
while another handles natural
protection from pests, surround-
ing delicate spinach shoots with
strong-smelling celery to ward off
insects. Such measures have eco-
logical benefits but were born of
necessity: Neither commeicial fer-

tilizer nor herbicide is reliably

available.
















































PAGE 16, TUESDAY, JUNE 10, 2008

Tears, applause

’

PRIME
MINISTER
Hubert
Ingraham
chats with
Cat Island
Partners
principal
David
Southworth
(right) prior
to the town
meeting.

pe



Thighs & Legs | f,

e) Sa














ee

MEMBER OF
PARLIAMENT
for Cat Island,
Rum Cay and
San Salvador
Phillip Brave
Davis
addresses
residents








ee




ae

15

i

THE TRIBUNE

ratitude

Residents embrace proposals for
Cat Island Golf and Beach Resort

SOME shed tears, otters
applauded, while otters
expressed gratitude and appreci-
ation that development they
describe as “long overdue” is
finally about to come to their
island.

Residents at a town meeting
held by Government and the Cat
Island Partners group on the pro-
posed Cat Island Golf and Beach
Resort for that island assurei offi-
cials that they are ready to
embrace the opportutities
expected to emanate from the
project its principals say wil cre-
ate 937 full-time job opportuni-
ties.

. Government Ministers, led by .

Prime Minister Hubert Ingraham,
as well as officials from; the
Department of Physical Planning,
the Department of Public Works,
the Bahamas Electricity Corpo-
ration (BEC), the Bahamas
Telecommunications Company
(BTC) and the Water and Sew-
erage Corporation attended the
meeting...

Emphasising that govemment
does a phenomenal job in carry-
ing out background checks and
scope assessments.on project pro-
posals for the country, Works and
Transport Minister Earl Deveaux
explained that the primary pur-
pose for the town meeting was to
give the Cat Island Partners
group the opportunity to make a
presentation on their proposed
development. :

The government receives any
number of proposals for devel-
opment throughout The
Bahamas,” Minister Deveaux
explained. “As a matter of fun-
damental policy, we think it is
important when we get to the
point of approvirig a proposal that
we think can bring value to our
country and our communities, to

allow the people to have an input .

in the decision, as to how they feel
about the proposed develop-
ment.”

It was an opportunity residents
took full advantage of.

Mrs. Seymour-Russell of Old

~ Bight said; “I’ve been back in Cat

Island as a young entrepreneur
for 21 years. I came back to build
my island. I was here all.these
years struggling, I have children
and I have to send them off to
Nassau. It’s time for Cat Islanders
to come back home.

“TI need for this development
to come in so my children can be
prosperous.”

Meoshi Curtis, a teacher on Cat
Island, also expressed concern
about the lack of opportunities
for the youth of the island, a situ-
ation she said she expects to be

alleviated as a result of the pro-
' posed development. if :

In what marked one of the
more emotional periods | ‘of the
town meeting, young Angelique
Brown, who moved back ito Cat
Island at the age of 18, shed tears

as she expressed hope for new
_ opportunities.

““T have two beautiful Bough:
ters and it pains me to know there

is nothing to keep them here

when they reach that; age and |
feel we really need this,” she said.
“I am sorry for my emotional
breakdown, but I left Nassau
because of the living that is there
and I have eee and sHtug:



ANGELIQUE BROWN expresses tearful hopes for new opportunities
expected to emanate from the proposal.

PRIME MINISTER Hubert Ingraham is greeted by residents upon his |
arrival-on Cat Island to attend a town meeting on the proposed Cat *

Island Golf and Beach Resort



MINISTER of Works and Transport
Earl Deveaux addresses residents.

gled. I have somewhat made it,
but I'feel that there are others
like me who need to make
it...there are lot of people on Cat
Island‘that are hurting.”
Responding to a concern
expressed about a lack of trained
talent on Cat Island to meet the
proposed project’s employment
needs, Beverly Thacker, Educa-
tion District Superintendent for

. Cat Island, Rum Cay and San Sal-

vador said young persons are des-

~ perate to find something to do,
and advised that the Ministry of,

Education is working to prepare
students'to meet such needs.

“Just about two months ago at
the high school in Old Bight there
was a career fair which the Min-
istry of Tourism joined in and
they had a three-day event here,”
she noted!

- “Students are being trained
right now in the schools in Fami-
ly Life and Consumer Science
where they are training students
in the various aspects of tourism.”

A question meantime was
raised, during the town meeting
on whether the government plans
to give consideration to estab-
lishing,a branch of the Bahamas

Technical ahd Vocational Insti-
tute cE? in ey Island to pro-



a

i

- vide. continuous training of resi-

dents there. Residents also posed
questions and expressed concerns
about infrastructural needs on the
island such as garbage disposal,
potable water and a mini-hospital
facility, and how these needs will
be addréssed in tandem with the
start of the proposed develop-
ment.

Prime Minister Ingraham, dur
ing his remarks to residents,
pledged the government’s com-
mitment to doing all it can’ to
cause the development to hap-
pen and happen in the shortest
possible time. :

Member of Parliament for Cat~
Island, Rum Cay and San Sal-
vador Philip “Brave” Davis, who



- also expressed confidence in the

project’s developers reminded
them that Cat Island, having a
history of commerce and agricul-
ture is “on the rebound”, and |
urged residents to trust their ‘cade

ers in government regarding their.
development plans for the island.

“No government administra-.
tion has in their mind or intent
to do what is not best for the peo-
ple of The Bahamas,” he said.
“There may be differences on
how we may achieve that, but you
must trust your leaders.

“You will find often that
whereas words pass between the
political divide,” Mr. Davis con-
tinued, “at the end of the day
when you see them:voting ona
piece of legislation they usually
are unanimous because govern-
ment; both Opposition and the
Executive understand that when
government is pursuing its policy
you ought to support that poli-



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|THE



TRIBUNE

SECTION B e business @tribunemedia.net




LESLIE

TUESDAY



10, 2008



Almost $2m in Grand Bahama

4

mortgage loans are in arrears |

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



v4

FREEPORT — Nearly $2 million in
mortgage loans!is currently in arrears at
the Bahamas Mortgage Corporation
here on Grand’ Bahama, it was revealed
Monday. |

Jerome Godfrey, managing director
of the Bahamas Mortgage. Corpora-
tion, reported 'that 228 mortgage loans
valued at $1,824, 387.90 are overdue
by Bahamian borrowers who have
defaulted on their mortgages.

Mr Godfrey is urging delinquent bor-
rowers to come to the office in Freeport
to discuss and arrange a programme



Minister: Crawfish
exports in 2007

that will update their mortgage arrears

in a timely manner.

He warned that failure to update
accounts will result in foreclosure of
the property and ultimate eviction of
the occupants from the premises.

“Tougher measures are ahead by the -

Corporation,” he said. “Over the next
few months, we will continue to issue
letters to delinquent borrowers giving

them deadlines to come in to the Cor-

poration to update their accounts.”
The corporation has a total of 639
loans under repayment on Grand
Bahama, where delinquent accounts
represent a 35.68 per cent ratio of loans
in arrears.
Mr Godfrey said that the corpora-

*

tion i is cognizant of the fact that Grand
- Bahama has. been experiencing set-
-backs for several years since the three

hurricanes devastated the island, result-

'.ing in closure of businesses and job

losses.

He’said the corporation will continue:

to exercise leniency with those persons.
However, he'stressed that there are

‘many individuals who are financially

capable of meeting their monthly mort-

gage payment obligation, but are not

doing so in a timely manner.
“The corporation has embarked on:

an advertisement campaign with the

expressed purpose of reaching out to

delinquent borrowers,” said Mr'God- .

frey.

Sandra Storr, deputy managing direc-
tor, said the corporation is willing to
assist delinquent borrowers who want
to update their accounts.

She stated that they can work out

payment agreements, restructure mort-
gage payments, and in some cases,
,extend a moratorium for a period of

: time.

“We don’t want to repossess any-
one’s home. We can help persons going
‘through a tough period, such as per-
sons who may be ill, by giving a mora-
torium at three month intervals.” -

Mrs Storr said they can restructure a
mortgage for persons who are able to
make a small lump sum payment, or
through salary reduction.

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“We have been able to get certain
private companies to do salary reduc-
tion, and’we are appealing to private
employers to consider working with us
to give salary reduction so we can
restructure the payment to help per-
sons regularise their accounts,” she said.

Mr Godfrey said that the corpora-
tion has approved over 6,500 loans to
Bahamians in excess of $346.9 million.
He stated that ratio of loans in arrears
is too high and presently stands at 27.43
per cent of the total portfolio.

He said it is difficult for the corpora-
tion to make loans to new borrowers
when so many loans are outstanding
and sums are not available to build new

‘homes. ©



Bahamas at crossroads in every aspect of
its development, says Chamber president

totalled $86.6m

= By CARA BRENNEN-
BETHEL’
Business Reporter



THE export of crawfish tails —

in 2007 totalled 4.9 million
pounds with a value of $86.6
million, Larry Cartwright, Min-
ister of Agriculture and Marine
Resources, told: the..House of
Assembly ‘yesterday.

Making his contribution to
the 2008/2009 budget debate,
Mr Cartwright said the indus-
try, which is vital for foreign
exchange and the employment

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of thousands of Bahamians,
must be carefully managed as it
is-currently being exploited.

“The regulatory measures in
place governing harvest size and
closure of the season must be
enforced,” he said, adding that
the ministry will continue to
educate Bahamian fishermen,
consumers and business opera-
tors on the dangers of illegally
harvesting crawfish. -

Mr Cartwright noted that sev-
eral other marine resources are
also adding to exportation prof-
its for the country - 73,790
pounds of sponges in 2007,
which had an export value of
$750,000, 130,000 pounds of
stone crab claws provided an

. income of $1.6 million last year

- a significant increase over 2006
- and conch in 2007, 267,200

pounds, were exported for a val-.

ue of $1.5 million.

Noting the potential for an
expanded export market, Mr
Cartwright said that focus will

also be brought ‘to bear on the:
encouragement of the maricul-

ture and aquaculture sectors.

“Besides producing for export :

markets, it is envisioned that
viable mariculture and aquacul-
ture sectors would reduce our

. reliance on the normally wild

fisheries, thus providing these
various species the opportunity
to regenerate naturally.”

He noted that the develop-
ment of these sectors will be
enhanced by the introduction of
comprehensive enabling legis-
lation to encourage and regu-
late the sector’s activities, some-
thing that the government will

be asking the Food and Agri--

culture Organisation (FAO) to
assist them with.

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- B By CARA .BRENNEN-

BETHEL
Business Reporter



THE Bahamas is ata cross-
roads in every aspect of its
development, Bahamas Cham-
ber of Commerce president
Dionisio D’Aguilar said yes-
terday, explaining why that was

chosen as the theme for this

year’s chamber week.
“Crossroads relates to the

_ economic times;we are appar-
ently’ going into and the déci-

sions that we have to make as a

government, a people and a’

country about these various
trade agreement such as the
World Trade Organisation and
the EPA,” he said at a press
conference to announce the
week of-events.

Mr D’Aguilar said the coun-'.

try is also at.a crossroads in a

number of other vital areas as. -

well.
“What are we going to do

about our appalling education-
al system, we are at a cross-.
roads in determining the use

Dionisio D’Aguilar



of technology in the way we
run our. businesses, the way we
run our banking sector and the

“way we run our country, we are
‘at acrossroads in determining

how serious.we are about fight-
ing the scourge of crime and
making our judicial system
work better.

“We are at a crossroads in

determining how to improve
the diversity of our tourism

product and our deteriorating

level of customer service; and
we are at a crossroads on how
to reform our system of taxa-
tion to comply with the rest of
the word. So it’s a pretty broad
theme, but it’s very relevant
for the times that we are in.”
While he gave the budget
communication: and the bud-
get allocations an A-minus, Mr

D’Aguilar said that unfortu-_

nately it did not contain any

innovative measures to com- .
‘bat the scourge of crime one.

of the major and pressing vex-
ing business issues to date.
However, he did commend
the government on its efforts
to improve the quality of the
educational system.

“I was generally quite.
. pleased with the prime minis-

ter’s budget communication,”
he said.
On the agenda for Chamber

- week is the second instalment

of the “Meet-the Ministers
Forum.” Mr D’Aguilar said
that 12 ministers and ministers

. of state have confirmed atten-

dance to the foram which will '
allow Bahamian business per-
sons a chance to ask the minis-
ters questions that are of vital
interest to the business com- -
munity.

He noted that, as last year’s

' forum fell just after the May 2

general election, it really served
as an introductory process to
the new cabinet.

Now that a year has passed,
Mr D’Aguilar said the cham-
ber is looking forward to the
ministers providing concrete
actions and measures to
address the business commu-
nity’s concerns. These include
crime, tourism and the time in
which immigration applications
are processed.

He said that he was also
looking forward to hearing how
the extensive capital expendi-.

ture projects outlined in Mr

Ingraham’s speech are to affect
Bahamian businesses:

Mr D’Aguilar also expressed
pleasure that the port will be

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PAGE 2B, TUESDAY, JUNE 10, 2008

THE TRIBUNE





Altering policy course to

THE months of May and June
are significant for many, as they
represent the period when most
institutions of learning hold
graduation ceremonies. In the

_ case of tertiary educational insti-
tutions, the actual event is often

referred to as commencement,
convocation or invocation, while
for high schools it is simply
referred to as a graduation cer-
emony in most cases.

Last weekend I had the
opportunity to talk with a few

JOB

school administrators and school
board members in an infodrmal
setting. During one conversa-

, tion, it was noted how few males

were among the graduating
classes. At the College of The
Bahamas, other tertiary institu-

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TANNA SvATWiskomeine cared

tions and high schools around
the country, males are conspic-
uous by their absence. The low
male graduation rates must be
a concern for the entire coun-
try.

Universal Problem

Male eligibility for graduation
has been trending downwards
for years now, and this trend is
probably universal. A study pub-
lished by the Manhattan Insti-

tute (a public policy think-tank)
in 2006, entitled Leaving Boys
Behind: Public High School
Rates, concluded:

“The graduation rate esti-
mates for the class of 2003
reported in this paper confirm
that far fewer students graduate
from high school than is often
realised. It is important for pol-
icymakers and the public to
understand that only about 70
per cent of all students, and a

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little more than half of Hispanic
and African-American students,
graduate from high school.
While it is not the place of this
report to provide guidance on

-how to improve high school

graduation rates, these results
do suggest that there is a gradu-
ation problem that needs to be
addressed.

"Another interesting finding
in this report is the difference in
high school graduation rates
between males and females.
Females graduate at higher rates
for each racial sub-group
analysed in this report, but the
gender gap in high school grad-
uation is particularly large for
Hispanic and African-American
students. The reasons for this
gap should be addressed in
future research."

Schott Report

The Schott Foundation for
Public Education commissioned
a series of reports on the status
of African-American male stu-
dents in the US public educa-
tion system, and convened a
series of think-tank and work-
ing conferences, attended large-
ly by African-American educa-
tion leaders - men and women,
including the voices of youth - to
more clearly define the prob-
lems and possible solutions so
as to create A Positive Future
for Black Boys. (E-mail me if
you would like a copy).

‘SEE next page ;

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-Jul-08-Tue

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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.



te TRS Ct
TT UC
AEA
on Mondays

“The Tribune keeps me
informed. The Tribune
is my newspaper.”

JASON RAHMING ~
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THE TRIBUNE

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develop a few good men

FROM page 2B

Participants identified three
key strategies that need to be
acted upon to secure the soci-
etal and institutional changes
necessary to improve educa-
tional and life outcomes for
Black boys:

1. To focus on public policy
to ensure that federal and state
education policy decisions serve
the interests and needs of Black
boys and other vulnerable stu-
dents.

2. To engage new, and broad-
en existing, community efforts
to work for positive change on
behalf of Black boys.

3. To build a national, broad-
based movement to create pub-
lic will for change.

Conclusion

At the national level, we need
to focus on this growing prob-
lem of academic underperfor-
mance by males. Is there some
relationship between this acad-
emic underperformance and the
high levels of violence and homi-
cides among our young men?

The implications of this pat-
tern of male under-achievement
in education are enormous.
What does it say about the
future or our society when half
of its constituency seems to need
help? What impact will this have
on our already fragile family
structures? What impact will this
have on the future productivity
levels of our workforce?

I argue that we need to give
serious consideration to formu-
lating policies in government
and other institutions that are
designed to actively rescue the



a



young men in our society, with a
long-term objective of improving
their participation in education
through skills-based training ini-
tiatives and the workplace
(where males are becoming a
rare commodity in some fields).

However, in the short-term, a
focus on anger management, civ-
il responsibility, family life and
responsible parenting is a press-
ing need.

It is simply unacceptable to
have 50 per cent of our future
workforce under-trained, under-
utilised and participating at
record low levels, especially at a
time when our economy is strug-
gling to be competitive in a glob-
al society.

Further, men must be full con-
tributors to building and sup-
porting positive family structures
if we hope to reverse the social
morass the nation currently
faces.

Until next week...

P.S.

Beach Patrol

On Friday past, the Labour
Day holiday, I had the opportu-
nity to drive 'the strip'(West Bay
Street between Delaporte Point

and Arawak Cay). There were
hundreds of Bahamians out
enjoying the beautiful beaches,
for which the Bahamas is
renowned.

The difference this time was
that beach access points have
been clearly marked by the rel-
evant government authorities.
Goodman's Bay and Saunders
Beach were far less crowded, as
the newly identified access
points were heavily used also.

However, there are still sev-
eral access points along 'the
strip' that remain closed and
conspicuously unidentified.thus
far, still removed from the
Bahamian people, the true own-
ers of that land. Further, I have
not had the opportunity to sur-
vey the Eastern Road, where I
am told that possession of public
‘right of ways' is seemingly the
rule, rather than the exception.
We anxiously await the outcome
of these pending situations.

The Government certainly
ought to be highly commended
for erecting attractive signage
and the pending reopening of
closed access points. Also, the
Ministry, of Health should be
congratulated for being far more
proactive with beach litter col-

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Accounting,





The Ministry of Education,
Youth, Sports and Culture

Public Notice

‘The Public is hereby notified that the Ministry

lection after this past holiday.

e Larry R. Gibson, a Char-
tered Financial Analyst, is vice-
president -pensions, Colonial
Pensions Services (Bahamas, a

wholly-owned subsidiary of -

Colonial Group International,
which owns Atlantic Medical
Insurance and is a major share-
holder of Security & General
Insurance Company in the
Bahamas.

those of the author and do not
necessarily represent those of
Colonial Group International or
any of its subsidiary and/or affil-
iated companies. Please direct
any questions or comments to
rigibson@atlantichouse.com.bs

A vacancy exists at The National Insurance Board for an Assistant Director of Human {

of Education, Youth, Sports and Culture will be
‘installing a chain link fence at the North and
North East Boundary of the Learning Resource
Unit, Mackey Street.

The Public should note that works will
commence immediately and. completion by
14th June, 2008



"The views expressed are

Vacancy for
Sr. Area Director, Development & Construction

A minimum of twenty (20) years experience in the Construction industry with specific dacumented
experience in project and/or construction management.
A minimum of ten (10). years experience leading project teams on multiple projects in remote,
international locations with single-point accountability for capital budgets and schedules.
Professional degree in technical field from an accredited university

_ Strong leadership, management, and communication skills providing the ability to work in a

~ dynamic, multi-functional matrix management environment, as a “Team Player”. Pro-active,
assertive, motivated and disciplined.
Experience in leading, managing, and coordinating design, construction, and other professionals.
Experience in qualifying, contract negotiation, recommendation, and administration of
Professional and Contractor Agreements.
Proven ability to understand the business goals of stakeholders and implement a partnering
relationship that will enable mutual success.
Experience in legislative/ jurisdictional approval processes.
Proven ability to comprehend, and critique design and contract documents.
Lead and coordinate resources.to achieve complete technically acceptable design and contract
documents within Design Guides, Construction Operations Manual, project scope, schedule, and
cost.
Computer literacy on Microsoft Office products, Primavera P3 or Suretrak (or other scheduling)
and, Primavera Expedition (or other Project Management) software applications.
Ability to reside full-time in Abaco for the full duration of the project.

Please send resume to the attention of: Director of Human Resources
The Abaco Club on Winding Bay
P.O. Box AB-20571
Marsh Harbour, Abaco
Bahamas
OR
Email: humanresources@theabacodub. com

VACANCY NOTICE
Assistant Director - HR

Resources.

Reporting to the Director, the successful applicant will be responsible for the management of

the Human Resources and Training functions of the Board. This position will be responsible

for: r

e Administration of personnel policies and.plans to ensure fair, consistent and competitive
treatment of all employees i in accordance with all applicable legislation and regulations.

Inplementation of responsive employee relations programs to contribute to high morale
and high levels of productivity.

Successful negotiation of industrial agreements with management and non-management
labour unions...

Development, implémentation‘and administration of effective compensation and benefit
programs that contribute to the organizations ability to attract, retain and motivate pompent
personnel.

Maintaining a favorable working relationship with all other company employees to promote
a cooperative and harmonious working climate which will be conducive to maximum
employee morale, productivity, and efficiency/effectiveness.

Working closely with executives and departmental supervisors in determining current and
future organizational needs.

Ensuring that all staff members receive appropriate training to perform their jobs effectively.
Prosecution and management of cases before Ministry of Petes and Industrial Tribunal.

Creation and updating of formal staff job descriptions when ocean to increase efficiency
and achievement of the organization’ s goals with input from staff and other appropriate
resources:

Develop, administer ie Smite an effective performance appraisal system that provides
meaningful feedback to staff thereby enhancing their growth and development.

REQUIRED SKILLS AND SPECIAL TECHNIQUES

Be a strong team player and business manager with a solid foundation and understanding
of overall business operations, showing the ability to interface effectively with all levels
and functions within the organization.

Have excellent communication skills, both orally and in writing, and be an outstanding
listener.

Be service oriented and yet have a strategic orientation, anticipating what needs to be done
and addressing those needs creatively.

Strong management and leadership skills.

QUALIFICATIONS AND EXPERIENCE

The ideal candidate will have a Bachelor’s Degree and at least five plus years of Human
Resources experience in a leadership or management capacity. A Master’s Degree in Human
Resources is preferred. Resumes with supporting documentation should be submitted on or
before Monday, June 16, 2008, to:



The Director
THE NATIONAL INSURANCE BOARD
P.O. Box N-7508
Nassau, Bahamas



PAGE 4B, TUESDAY, JUNE 10, 2008

THE TRIBUNE



Employment Opportunity

A Corporate and Financial Services Firm based in Nassau
is seeking to recruit a highly competent professional for the
following position:

MANAGER

The position is best suited for results oriented, hard working individuals
able to work in a team environment.

Requirements

Masters Degree in International Relations

At least two (2) years of work experience in Europe

At least three (3) years experience in the Corporate Services field
Strong organizational and analytical skills

Excellent command of computer knowledge (MS Applications)

Interested candidates should send their CV by email to:
NBissiney@aikbah.com Deadline: 12th June, 2008

Legal Notice

NOTICE

THE DANCASTER CORPORATION

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

ARGOSA CORP. INC.
(Liquidator)

COMMONWEALTH OF THE BAHAMAS 2008
IN THE SUPREME COURT COM/com/00011
Commercial Division

IN THE MATTER OF THE NATIONAL INSURANCE
; BOARD

AND

IN THE MATTER OF SECTION 187 OF THE
_ COMPANIES ACT ee 308

AND

IN THE MATTER OF THE ACTION OF THE NATIONAL
INSURANCE BOARD

NOTICE is hereby given that a Petition for the winding
up of the above named Company by the Supreme Court
of The Bahamas was, on 12th Day of March, 2008
presented to the said Court by Anthony M. Wright of

45 Brighton Drive, of The City ot Freeport in the Island ©

of Grand Bahama.

AND that the said Petition is directed to be heard before
Mrs. Donna Newton, a Registrar of the Supreme Court,

sitting at Nassau on the 2nd day of July, 2008 at 12:00 —

o'clock in the afternoon, and any creditor or contributory
of the said Company desirous to support or oppose the
making of an Order on the said Petition may appear at
the time of the Hearing in person or by his Counsel for
that purpose; and a copy of the Petition will be furnished
by The undersigned to any creditor or contributory of
the said Company requiring such copy on payment of
the regulated charge for same.

Dated this 4th day of June, 2008

Anthony M. Wright
No. 17 Baldwin Avenue (Off Farrington Road)
P.O. Box N-197
Telephone: (242) 323-6759
Nassau, Bahamas

Note: Any person who intends to appear on the hearing
of the said Petition, either to oppose or support, must
send notice of his intention to the Petitioner, within the
time and manner prescribed by rule 25. The notice must
state the name and address of the person, or, if a firm,
the name and address of the firm, must be signed by
the person or firm, or his or their attorney (if any) and
must be served, or if posted, must be sent by post in
sufficient time to reach the Petitioner not later than 4:00
o'clock in the afternoon of the Ist day of July A.D.,
2008.



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NOTICE

ANDERSON UNIVERSAL LIMITED

Notice is hereby given that in accordance with Section
137 (8) of the International Business Companies Act,
2000, ANDERSON UNIVERSAL LIMITED, has
been dissolved and struck off the Register according
to the Certificate of Dissolution issued by the Registrar
General on the 20" of May, A.D., 2008.

Dated the 10" day of June A.D., 2008

A.J.K. Corporate Services (Bahamas) Limited
Liquidator



Legal Notice

NOTICE.

HARK COAST HOLDINGS LIMITED

Notice is hereby given that in accordance with Section
138 (8) of the International Business Companies Act 2000,
the dissolution of HARK COAST HOLDINGS LIM-
ITED has been completed; a Certificate of Dissolution has
been issued and the Company has therefore been struck off
the Register.

ARGOSA CORP. INC.
(Liquidator)

VICE PRINCIPAL
NEEDED

The Anglican Central Education Authority invites
applications from qualified Bahamians for the position of
VICE PRINCIPAL of Bishop Michael Eldon School
beginning September 2008.

The applicant must have a Degree in Education from a
recognized University, with at least 5 years accumulative
experience. The applicant must also be computer literate.

Key job functions and responsibilities include:

- Assisting with staff supervision and evaluation
- Admissions and student orientation
- Scheduling (Timetables; examinations, invigilations)
- Assisting with discipline

. - Assisting with supervision of academic programmes
- Assisting with Curriculum Development.
- Administration of School and External examinations
- Inventory
- Requisitions

Applicants should submit a cover riche Curriculum Vitae,
copies of degree certificates, three references and passport
photographs to:

THE DIRECTOR OF EDUCATION
ANGLICAN CENTRAL EDUCATION AUTHORITY
_' P.O. BOX N-656
NASSAU, BAHAMAS

The Deadline for Applications is
Friday, June 27th, 2008






PUBLIC NOTICE

INTENT TO CHANGE NAME BY DEED POLL

The Public is hereby advised that |, DOROTHY P, LEYLEGIAN
of the Western District of the Island of New Providence of
the Islands of the Commonwealth of The Bahamas, intend
to change my name to DOROTHY P. BAKER. If there are any
objections to this change of name by Deed Poll, you may write
such objections to the Chief Passport Officer, PO.Box N-742,
Nassau, Bahamas no later than thirty (30) days after the
date of publication of this notice.

PUBLIC NOTICE

INTENT TO CHANGE NAME BY DEED POLL

The Public is hereby advised that I, DASHEIL DESHEA COX of Ideal
Estates in the Eastern District of the Island of New Providence
of the Islands of the Commonwealth of The Bahamas, intend to
change my name to DASHEIL DESHEA CAREY. If there are any
objections to this change of name by Deed Poll, you may write
such objections to the Chief Passport Officer, RO.Box N-742,
Nassau, Bahamas no later than thirty (30) days after the
date of publication of this notice.
























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Legal Notice

NOTICE

WORLANDER S.A.

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

“ARGOSA CORP. IN c.
© Ciquidator)

Job Opportunity
Software Trainer

Are you an energetic Motivator,
an Excellent communicator with a passion
to work with a professional Team?

If we've piqued your interest, Let’s Talk!

Skills required:

° A Bachelor’s Degree in Finance

° Minimum of five (5) years experience in
finance company management

¢ Minimum of five (5) years experience in the
consumer purchase lending industry

¢ Minimum of three (3) years experience in
the use and training of EnCompass and the
ability to train a team of at least 10 people.

* Proficient in IBM DB2 file query utilities
° Working knowledge of Microsoft Office

Nassau ¢ Grand Bahama ¢ World Wide Web

Please submit your application by Mail to:
Director of Human Resources, The Plus Group
P.O. Box N713, Nassau, Bahamas

or eMail: jobs@theplusgrp.com
We thank all applicants, however only those *

selected for an interview will be contacted.

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ace ac a



THE TRIBUNE

TUESDAY, JUNE 10, 2008, PAGE 5B







Bi By Fidelity Capital
Markets

IT was a slow trading week in
the Bahamian stock market, in
part because the week was short-
ened to observe the Labour Day
holiday. Investors traded in six

17,150 shares changed hands, a
significant decline of 83.06 per
cent, compared to last week's
trading volume of 101,225
shares.

Freeport Oil Holdings Com-
pany (FCL) led the week's trad-
ing volume with 8,160 shares, to
end the week unchanged at

out of the 19 listed stocks. Some

ee

a
ae

Colina Holdings

COLINA HOLDINGS BAHAMAS LIMITED
NOTICE OF ANNUAL GENERAL MEETING

NOTICE IS HEREBY GIVEN that the statutory meeting of
the above Company required to be held by Section 70(2)
of the Companies Act, 1992 :will be held at the J.W. Pinder
Building, Colinalmperial Insurance Ltd., Collins Avenue,
Nassau, Bahamas on Wednesday, the 11" day of June
2008 at 5:30p.m.

Dated Monday, the 9" day of June 2008

Michelle C. E. Fields
Secretary

James Catalyn & Friends



ROYAL FIDELITY MARKET WRAP

$5.55. Commonwealth Bank
(CBL) followed with 6,379 of its
shares trading, also ending the
week unchanged at $7.30. Cable
Bahamas (CAB) was the declin-
er of the week with 2,000 shares
trading, decreasing by $0.03 to
close at $14.

COMPANY NEWS

Earnings Releases:

e Doctors Hospital Health Sys-
tems (DHS) released unaudited
results for the year ended Janu-
ary 31, 2008. DHS reported a

‘net income of $3.4 million, an

increase of 46.05 per cent com-
pared to $2.3 million at year-end
2007.

Total net revenues stood at
$42.1 million, up $3 million or
7.72 per cent from $39.1 million
for the same 12-month period
in 2007, while total expenses
increased by $3.1 million or 8.57
per cent.

Earnings per common share
of $0.34 increased by 47.8 per
cent, up0 from $0.23 in 2007.
Management indicated that
patient activity was up in the
year, accounting for high rev-
enues, while increases in expense
were in line with the revenue
growth. Total assets and liabili-
ties stood at $31.3 million and
$11.5 million respectively, com-
pared to $29 million and $12.4

The Tribune wants to hear
from people who are
making news in their
neighbourhoods. Perhaps
you are raising funds for a
sood cause, campaigning
for improvements in the



million at year-end 2007.

e Bahamas Waste (BWL)
released its unaudited financial
results for the quarter ending
March 31, 2008. BWL reported
net income of $228,000, a
decrease of $171,000 or 42.9 per
cent compared to the same peri-
od in 2007.

BWL reported earnings per
share of $0.05, a decrease of 50
per cent compared to $0.10 for
the same three-month period in
2007. Total assets and liabilities
stood at $19.3 million and
$955,000 respectively, compared
to $9.2 million and $1.01 million
at year-end 2007. BWL sales
revenues of $2 million remained
consistent with the 2007 first
quarter, declining slightly by
$39,000 or 1.9 per cent, while
cost of sales of $1.3 million
increased by $153,000 or 13 per
cent.

e FAMGUARD Corporation
(FAM) released its unaudited
financial results for the three
months ended March 31, 2008.
FAM reported net income of
$2.94 million for the 2008 first
quarter, compared to $2.8 mil-
lion for the same period in the
prior year.

Earnings per share rose to
$0.29, up 3.57 per cent from
$0.28 per share in 2007. Total
income stood at $19.9 million,
representing an increase of $1.2
million or 6.56 per cent, while
total benefits and expenses rose
from $15.9 million in 2007 to $17
million, representing an increase
of 6.9 per cent.

Management attributes the
positive results primarily to
strong sales in its group medical
and ordinary life product lines
in the quarter. Total assets and
liabilities stood at $165 million
and $108.9 million respectively,
compared to $161 million and
$107 million at year-end 2007.

The Bahamian Stock Market



BISX | CLOSING CHANGE VOLUME YTD PRICE
SYMBOL PRICE CHANGE
AML $1.84 3 0 10.84%
BBL $0.89 w. 0 4.71%
BOB $9.43 $- 0 -1.87%
BPF $11.80 $- 200 0.00%
BSL $14.60 $- 0 0.00%
BWL $3.60 qs 0 -1.64%
CAB $14.00 $-0.03 2,000 16.18%
CBL $7.30 $- 6,379 -13.40%
CHL $2.87 $- 0 -8.89%
CIB $12.30 $- 0 -15.75%
CWCB $3.85 $-0.11 0 -23.61%
DHS $2.95 S: 0 25.53%
FAM $8.00 $- 0 11.11%
FBB $2.35 % 0 -11.32%
FCC $0.41 $ 200 -46.75%
FCL $5.55 S. 8,160 7.14%
FIN $12.50 $- 0 le 3.47%
ICD $6.79 — 2h 4 -6.34%
JS}. $12.00 $- 0 9.09%
PRE $10.00 $: 0 \ 0.00%
DIVIDEND/AGM NOTES:



e Finance Corporation of the Bahamas (FIN) has declared a
quarterly dividend of $0.13 per share, payable on June 12, 2008,
to all shareholders of record date June 5, 2008.

¢ Fidelity Bank (Bahamas) (FBB) has declared a quarterly
dividend of $0.02 per share; payable on June 25, 2008, to all
shareholders of record date June 10, 2008.

¢ Commonwealth Bank (CBL) has declared a quarterly div-
idend of $0.05 per share, payable on June 30, 2008, to all share-
holders of record date June 13, 2008.

¢ Colina Holdings Bahamas (CHL) announced it will be
holding its Annual General Meeting on June 11, 2008, at 5.30pm
at the J.W. Pinder Building, Collins Avenue, Nassau, Bahamas.

¢ FOCOL Holdings (FCL) announced it will be extending the
deadline of its private placement offering over the-course of the
next six months. The preferred shares will be paying a divi-
dend rate of prime + 1.75 per cent, payable semi-annually.



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Royal Island (Bahamas) Limited

Bir. di EMPLOYMENT |

-.Royal Island (Bahamas) Limited, the daveloues of the Royal islakd’ Resort and
- Residential Project, JS off North Eleuthera wish to fill the following position:

area or have won an
award.

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

EMPLOYMENT
a ee

Media Company seeks young persons
who are computer literate and have
some experience in QuarkXPress.

Kstimator/Quantity Surveyor

This is a Senior Level Individual should be a generalist and capable of preparing
detailed estimates through all phases of the project. The Successful Candidate
will:

Report to the Vice President of Resort Development on all matters relating
to the Project.

Operates as the focal point for all construction estimating.

Provides the construction team with cost guidance during all phases of the

construction. we

Tests the estimates for reasonableness based on comparable / equivalent

historical data. ~~

Evaluates all design documentation and assist in value engineering reviews.

Responsibility for monitoring specific budget break down for construction

or trade packages based on the overall Project Budget.

Participates / assists in the preparation of individual package scopes of work

together with Consultant and vendor Requests for Proposals (RFP) or

Invitations to Tender.

Assists in pre-contract tender evaluations and award negotiations.

Assist with daily management of Contracts with specific responsibility for

negotiating Contract Directives (CD).

Provides monthly input to the Estimated Final Cost (EFC) / Budget Status

Report.

Please apply to:

Qualifications and Experience:

DA60743
c/o Tribune
P.O. Box N-3207
Nassau, Bahamas

° Ten (10) Years of related Experience within the Luxury
° Resort/Development Industry and a degree in Construction Management or
equivalent.

The successful candidate will be required to work on Royal Island Bahamas.
Interested persons should submit their resumes with cover letter to:

Fax to: (954) 745-4399
: Or

or fax to (242) 328-2398 Email to: aileen.miller@royalislandbahamas.com

Royal Island (Bahamas) Limited thanks all applicants for their interest,

however only those candidates under consideration will be contacted.



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PAGE 6B, TUESDAY, JUNE 10, 2008

Pictet Bank & Trust Limited
(incorporated under the laws of the Commonwealth of The Bahamas)

Consolidated Balance Sheet
As of 31 December 2007
(Expressed in Swiss francs)



Note 2007 oo. 2006
CHF CHF
ASSETS
Cash and due from banks ,
Cash, demand and call deposits 246,056,331 137,986.620
Time deposits 103,651,019 143,692,439
Loans and advances 172,782,461 181,408,527
4 2
Investments in associated companies 5 ee ae
Derivative financial instruments : 1 16,220,622 23,421,
Other assets : 6 18,514,252 3,302,574
Total assets - 564,868,612 498,293,895
LIABILITIES ‘ "ee
Deposits from banks 7 84,657,102 112,580,718
Customers’ depesits . 8 ; 345,448,508 266,466,597
Derivative financial instruments Bt 15,630,065 22,854.749
Other liabilities 4,053,107 2,975,653
Total liabilities 449,788,782 _ 404,877,717
EQUITY
Attributable to equity holders of the Bank
Share capital 9 30,000,000 _ 25,000,000
General reserve 13 2,000,000 2,000,000
Retained earnings 79,289,489 66,416,578
111,289,489 93,416,178
Non-controlling interest . 3,790,341 S
Total equity 5 : 115,079,830 93,416,178
in Total liabilities and equity 564,868,612 498,293,895





APPROVED BY THE BO.

ee Nae som :

23 May 2008,
Date

F DIRECTORS AND SIGNED ON ITS BEHALF BY:

Notes to Consolidated balance sheet
31 December 2007

1. General Information
See -

Pictet Bank & Trust Limited (the Bank) is incorporated inder-the-Companics Act, 1992 of
the Commonwealth of The Bahamas and licensed under the Banks and Trust Companics
Regulation Act, 2000 to carry on banking and trust business from within The Bahamas. The
Bank is also licensed in The Bahamas as an investment fund administrator under the
Investment Funds Act, 2003, and a class JI broker/dealer under the Securities Industry Act,
1999. The Bank and its subsidiaries (together, the Group) provide banking, custody, trustee,
investment management, advisory, nominee and directorship services.

The Bank’s ordinary shares are wholly owned by Pictet Holding Corporation, a company
registered in The Republic of Panama, which is one of a group of enterprises controlled by
the private banking partnership of Pictet & Cie, Geneva. Pictet & Cie and other entitics
directly or indirectly controlled or significantly influenced by Pictet & Cie are referred to as
related parties. In thie normal course of its operations, the Group has significant business and
other arrangements with related parties. The terms of these arrangements and the resulting -
transaction amounts are likely to differ from those that would have existed had the parties
been unrelated.

The registered office of the Bank is situated at Bayside Executive Park, West Bay Street and
Blake Road, New Providence, Bahamas. ‘

2. Summary of Significant Accoun ting Policies

Significant accounting policies applied in the preparation of the consolidated balance sheet
are set out below. These policies have been consistently applied to all the years presented,
unless otherwise stated.

(a) Basis of preparation

4 The consolidated balance sheet is prepared in accordance with International Financial
Reporting Standards (IFRS) and under the historical cost convention, as modified by

i the revaluation of derivative financial instruments. The preparation of consolidated

4 financial statements in conformity with IFRS requires management to exercise

i judgment in the process of applying the Group’s accounting policies. It also requires
management to make estimates and assumptions that affect the reported amounts of
assets and liabilities and disclosures of contingent assets and liabilities as of the date _
of the consolidated balance sheet. Actual results could differ from those estimates.
The areas involving a higher degree of judgment or complexity, or areas where
assumptions and estimates are significant to the consolidated balance sheet arc
disclosed in Notes 2(b), 2(g), 2(i) and 3.

In the current year, the Group adopted IFRS 7 Financial Instruments: Disclosures
and the amendments to IAS 1 Presentation of Financial Statements, which became
effective for fiscal periods beginning on or after 1 January 2007. The impact of the
adoption of IFRS 7 and the changes to IAS 1 has been to expand the disclosures
provided in the consolidated balance sheet regarding the Group’s financial
instruments and management of capital.

The remaining standards and amendments and interpretations to published standards
that became effective for fiscal periods beginning on or after 1 January 2007 were not
relevant to the Group’s operations and accordingly did not impact the Group’s
accounting policies or consolidated balance sheet.

The application of new standards and amendments and interpretations to existing
standards that have betn published but are not yet effective are not expected to have a
material impact on the Group’s accounting policies or consolidated balance sheet in
the period of initial application.

(b) Principles of consolidation

' Subsidiaries :
Subsidiaries are all entities over which the Group has the power to govern the
financial and operating policies, generally accompanying a holding of more than one
half of the voting rights. The existence and effect of potential voting rights that arc |
" currently exercisable or convertible are considered when assessing whether the Group
controls another entity. Subsidiaries are fully consolidated from the date on which

control is effectively transferred to the Group. They are de-consolidated from the date
on which control ceases. :

Inter-company transactions, balances and unrealised gains on transactions between
entities within the Group are eliminated. Unrealised losses are also eliminated unless
the transaction provides evidence of impairment.of the asset transferred: The
accounting policies of subsidiaries have been changed where ‘necessary to ensure
consistency with the policies adopted by the Group.

Associated companies

Associated companies are all entities over which the Group has significant influence
but not direct control, generally accompanying a holding of between 20% and 50% of
the voting rights. Investments in associated companies are accounted for using the
equity method of accounting and are initially recognised at cost.

The Group’s share of its associated companies’ post-acquisition profits or losses is

. tecognised in the consolidated income statement; its share of post-acquisition
movements in reserves is. recognised in reserves. The cumulative post-acquisition
Movements are adjusted against the carrying amount of the investments. If the
'Group’s share of losses in an associated company equals or excecds its interest in the
associated company, including any other unsecured reccivables, the Group will not
recognise further losses, unless it has incurred obligations or made payments on
behalf of the associated company. :

Unrealised gains on transactions between the Group and its associated companies are
eliminated to the extent of the Group’s interest in the associated companies.
Unrealised losses are also climinated unless the transaction provides evidence of an
impairment of the asset transferred. Accounting policies have been changed where
necessary lo ensure consistency with the policies adopted by the Group.

(c) Foreign currency translation

Functional and presentation currency

Items included in the financial statements of each of the Group’s entities are
measured using the currency of the primary economic environment in which the
entity operates (the functional currency). The consolidated balance shcet is presented
in Swiss francs, which is the functional and presentation currency of the Bank.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the
exchange rates prevailing at the dates of the transactions. F oreign exchange gains and
losses resulting from the settlement of such transactions and from the translation at

1S S28
. gubee

(d)

(e)

()

(g)

(h)

i)

@

(k)

®

(m)

THE TRIBUNE

year-end exchange rates of monetary assets and liabilitizs denominated in foreign
currencies are recognised in the consolidated income statement.

?
Loans and advances

Loans and advances to customers are recognised initially at fair value and subsequently
measured at amortised cost, less provision for impairment. A provision for impairment
is established when there is objective evidence that the Group will not be able to collect
all amounts according to the original terms of the loan or advance. The provision is the
difference betwcen the carrying amount and present value of estimated cash flows
discounted at the original effective interest rate.

Derivative financial instruments

Derivative financial instruments are initially recognised at fair value on the date on
which a derivative contract is entered into and are subsequently re-measured at their
fair value. Fair values are obtained from quoted markct prices in active markets,
recent market transactions, and valuation techniques, including disggunted cash flow
models and options pricing models, as appropriate. Derivative financial instruments
are carried as assets when fair value is positive and as liabilities when fair value is
negative.

Changes in the fair value of a derivative financial instrument are recognised in the
consolidated income statement.

Offsetting financial instruments

Financial assets and iiabjlities are offset and the net amount reported in the consolidated
balance sheet when there is a legally enforceable right to offset the recognised amounts
and there is an intention to settle on a net basis, or realise the asset and liability

simultaneously. , .
Property and equipment

Property and equipment are carried at historical cost less accumulated depreciation and
amortisation. Historical cost includes expenditure that is directly attributable to the
acquisition of the items. Subsequent costs are included in the asset’s carrying amount
or are recognised as a separate asset, as appropriate, only when it is probable that
future economic benefits associated with the item will flow to the Group and the cost
of the item can be measured reliably. Repairs and maintenance are charged to the
consolidated income statement during the financial period in which they are incurred.

Acquired software licenses are capitalised on the basis of the costs incurred to
develop/acquire and bring to use the specific software. Costs associated with
Yesearching or maintaining software programmes are recognised as an expense as
incurred. ,

Land is not depreciated. Depreciation and amortisation of all other fixed assets is
calculated using the straight-line method to write-off the cost of such assets over their
estimated useful lives (3 to 7 years). ,

The aggregate carrying value of property and equipment is included in “‘other assets” in
the consolidated balance sheet. Gains and losses on disposals are determined by
comparing proceeds with carrying amount and included in the consolidated income
statement.

Fiduciary activities

The Group acts as trustee and in other fiduciary capacities that result in the holding or
placing of assets on behalf of individuals, trusts and other institutions. These assets are
excluded from the consolidated balance sheet, as they do not belong to the Group.

Income and expense recognition

Interest income and expense for all interest-bearing financial instruments ‘are
recognised using the effective interest method.

Fees and commissions are generally recognised on an accrual basis when the service .
has been provided. Loan commitment fees are recognised as an adjustment to the
effective interest rate on the loan. Fees and commissions arising from negotiating or
participating in the negotiation of a transaction for a third ‘party, such as the
arrangement of the ‘acquisition of shares or other securities, are recognised on
completion of the underlying transaction. Trustee, asset management, custody,
advisory and other service fees are recognised based on the applicable service
contracts, usually on a time-apportionment basis. Performance linked fees or fee
components are recognised when the performance criteria are fulfilled. The Group’s
billing cycle is such that fees charged to customers are usually billed and collected i
the same accounting period that they are eamed.

Advisory and other fees allocated to the’ Group by related parties pursuant to the
terms of service contracts are recognised when the right to receive payment has been
established.

All other income and expenses are recognised on the accrual basis.

Employee benefits

The Group makes contributions to a defied contribution bonus plan and savings
scheine established for its employees and has no further payment obligations once the
contributions have been made. The Group’s contributions to the bonus plan and savings
scheme are recognised as employee benefit expense when they are ‘due.

Leases

The Group leases out office space under operating leases where a significant portion of
the risks and rewards of ownership are retained by the Group as lessor. Payments
received under such operating leases are recognised in the consolidated income
statement on a straight-line basis over the period of the leases.

Taxation

Under the current laws of the Commonwealth of The Bahamas, the country of domicile
of the Group, there are no income, capital gains or other corporate taxes imposed.

Corresponding figures

Where. necessary, corresponding figures are adjusted to conform with changes in
presentation in the current year. :

Financial Risk Management

The Group’s activities expose it to various types of risk in the normal course of business.
Such risks include fiduciary, liquidity, interest rate, credit and currency risks. The Group’s
financial performance is dependent on its ability to understand and effectively manage these
risks and its challenge is not only to measure and monitor these risks, but also to manage
them as profit opportunities.

(a)

Fiduciary risk

The Group provides significant asset management and advisory, custody, trustee and
corporate administration services to third parties. These activities give rise to fiduciary
risk, which is the risk that the Group may fail in carrying out certain mandates in
accordance with the wishes of its customers or fail to deliver expected performance
goals. To manage this exposure, the Group generally takes a conservative approach in

its fiduciary undertakings for customers,

(b)

Liquidity risk _

Liquidity risk is the risk that the Group might not have the necessary liquidity to meet
its contractual obligations as they become due: The Group manages its liquidity risk
by matching liabilities with assets of similar maturity periods. Significant financial
assets and liabilities of the Group may be classified, based on the period remaining
from the reporting date to the contractual maturity date, as follows: .

As of 31 December 2007

} Cash and

Period to due from Loans and Deposits Customers’

maturity banks advances from banks deposits
(Expressed in CHF 000s)
Demand and

short notice 246,056 96,107 14,288 325,378
Up to 3 months 103,651 48,737 44,964 18,123
3 - 12 months - 24,911 22,385 "1,948
Over 1 year - ___..3,027 3,020 :

349,707 172,782 84,657 345,449

As of 31 December 2006

Cash and

Period to _ due from Loans and Deposits Customers’

maturity banks advances from banks deposits
(Expressed in CHF 000s)
Demand and

short notice 137,987 111,347 53,243 257,737
Up to 3 months 143,692 33,844 25,101 4,863
3 - 12 months - 33,218 31,237 3,866
Over 1 year “ 3,000 3,000 be

281,679 181,409 112,581 __ 266,466

!

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Advances to customers with no fixed terms of repayment are included in the maturity
listing as demand and short notice.

{c) Interest rate risk

Interest rate risk is the risk that the fair value or future cash flows of a financial
instrument will fluctuate because of changes in market interest rates. The Group has

exposure to the effects of fluctuations in the prevailing levels of market interest rates -

on its financial position (fair value of financial instruments) and cash flows. Interest
margins may increase as a result of such changes, but may decrease or create losses
in the. event that unexpected movements arise. The Group manages this risk by
maintaining assets and liabilities with similar principal values, interest rates and
maturity dates.

The table below summarises the Group’s exposure to interest rate risks. Included in
the table are the Group’s assets and liabilities at carrying amounts, categorised by the
earlier of contractual re-pricing or maturity dates. ,

: >



Non-
2007 8 Up tol 1-3 3-12 1-5 Over 5 interest
(Expressed in CHF 000’s) month months months years years bearing Total
Assets
Cash and due from banks
Cash, demand and call
deposits 140,205 : - - - 105,851 246,056
Time deposits 86,289 17,362 - ; ; ee
Loans and advances 99,792 45,052 24,911 3,027 - 172,782
Investments in associated
companies - - - - 7,644 7,644
Derivative financial
instruments - - - - - 16,221 16,221
Other assets oo : : : 18,514 18,514
Total assets 326,286 62,414 24,911 = _ 3,027 __ 148,230 _-_ 564,868
Liabilities .
Deposits from banks 3,290 41,674 22,385 - 3,020 14,288 84,657
Customers’ deposits 60,087 1,375 1,948 : - 282,039 345,449
Derivative financial
instruments =. “s - - - 15,630 15,630
Other liabilities - : : - = 44,053, = 4,053
Total liabilities 63,377 _-_ 43,049 __24333, = 3,020 316,010 __449,789
Total interest sensitivity .
gap 262.909 __ 19.365 __ S78?
2006
(Expressed in CHF 000°s)
Assets
Cash and due from banks
Cash, demand and call
deposits 102,992 : - - = 34,995 137,987
Time deposits 126,667 17,025 - : - 143,692
Loans and advances 120,356 24,835 33,218 - 3,000 - 181,409
Investments in associated :
companies - - - - - 8,282 8,282
Derivative financial eo $
instruments - - - - - 23,422 23,422
Other assets : : 7 : : 3,502 3,502
Total assets 350,015 __ 41,860 __33,218 = _ 3,000 _70,201 __ 498,294
Liabilities
Deposits from banks 1,510 23,591 31,237 - 3,000 53,243 112,581
Customers’ deposits 112,72i 835 3,866 - - 149,044 266,466
Derivative financial
instruments 2 - - - - 22,855 22,855
Other liabilities : : : ogee 2,976 __2,976
Total liabilities © 114,231 24,426 35,103 - 3,000 228,118 404,878
Total interest sensitivity
esp 235,784 _17434 _(1.885) ___- :
Included in, time deposits and loans and advances are amounts totalling
CHF 329,000 (2006: CHF 390,000) and CHF 1,405,000 (2006: CHF 902,000),
respectively, representing accrued interest receivable. Included in deposits from
banks and customers’ deposits are amounts totalling CHF 1,092,000 (2006; CHF
653,000) and CHF 69,000 (2006: CHF 103,000), respectively, representing accrued
interest payable.
(d) Credit risk
Credit risk arises from the potential failure of‘a counterparty to perform according to
the terms of a contract. From this perspective, the Group’s credit risk exposure is
primarily concentrated in deposits placed with other banking institutions, loans and
advances, derivative financial instruments with positive replacement values- and
guarantees. The Group’s places its deposits and takes derivative positions with high ,
quality international banking institutions, and its policy is to extend credit to
customers only when the Group is holding assets on behalf of the. borrowers ‘that can. -
be used as collateral to fully support the credit facility. oo. cs usc a4 !
The Group considers balances with related parties to be the most significant
concentration of financial assets, liabilities and off-balance sheet itemis, These
amounts are disclosed in Notes 5, 6, 7, 8, 10 and 11. The Group does not consider the
concentration of balances with third party banks and customers that might be
identified by categorisations such as geographical domicile of the customer, industry
groups, etc. to be germane to the potential risks inherent in the realisation of assets
and the availability of funding for the following reasons:
_@) __ The Board of Directors has established a list of banks, other than related parties, .
. with which the Group is authorised to conduct deposit placement business and
has established deposit limits for each bank. The limits are between CHF 130
million and CHF 500 million, including fiduciary deposits, and were observed
as of 31 December 2007.
(ii) | Credit facilities are extended to qualifying customers and are fully supported
by financial assets of the borrowers held under management by the Group.
Credit facilities are limited to approved credit ratios based on the value of a
customer’s cash and marketable securities held by the Group. As of 31
December 2007, 60% (2006: 40%) of the total value of loans and advances is
due from twelve (2006: ten) borrowers, all of whom are third parties.
(iii) The Group, pursuant to powers of attorney to manage customers’ assets,
controls the majority of customers’ deposits.
(iv) As of the balance sheet date, all credit exposures are current, with no past due
amounts.
The table below summarises the geographical location of the Group’s assets based on
the domicile of the counterparty.
,
: 2007 2007 * 2006 2006
CHF CHF
000’s % 000’s %
Assets :
Europe 264,192 ‘47 264,678 53
Switzerland 109,171 .19 49,104 10 |
Latin America & Caribbean 91,046 16 74,690 15°
Bahamas : 71,749 13 73,026 15
North America 23,645 4 18,167 4
Other 5,065 1 18,629. 3
_ 564,868 100 __498,294 100
(e) Currency risk
The Group takes on exposure to currency risk arising from the effect of fluctuations
in the prevailing foreign currency exchange rates on its financial position and cash
flows. The Board of Directors sets limits on the level of exposure by currency and in
total for both overnight and intra-day positions, which are monitored daily. As of the
balance sheet date, the Group’s assets and liabilities were primarily denominated in
US dollars, Swiss francs and Euros. The table below summarises the Group’s
exposure to currency risk.
As of 31 December 2007 CHF USD . EUR . Other Total
(Expressed in CHF 000’s) ,
Assets
Cash and due from banks 238,725: 22,507 62,689 25,786 349,707
Loans and advances 17,398 97,024 56,650 1,710 172,782
Investments in associated companies 2,167 5,477 ~ - 7,644
Derivative financial instruments 1,056 3,255 10,083 1,827 16,221
Other assets 12,218 __ 6,296 LBS
Total assets 271,564 _ 134,559 _ 129,422 29,323 564,868
Liabilities
Deposits from banks 12,702 38,045 33,870 40 84,657
Customers’ deposits 147,134 86,217 84,883 27,215 345,449
Derivative financial instruments 979 3,080 9,782 1,789 15,630
Other liabilities 3,567 467 NB 1 4,053
Total liabilities 164,382 127,809 _ 128,553 29,045 449,789
Net on-balance sheet position 107,182 6,750 869 278 115,079
Credit commitments/Guarantees 2,294 37,836 38,328 2,035 80,493
As of 31 December 2006
(Expressed in CHF 000s)
Assets
Cash and due from banks 200,687 20,807 38,953 21,232 281,679
Loans and advances 30,913 81,986 65,824 2,686 181,409
Investments in associated companics 2,115 6,167 - - 8.282
Derivative financial instruments 827 5,918 - 9,770 6,907 23,422
Other assets 1,002 2,500 ; : 3,502
— 1002 __ 2500 = — 3502
Total assets 235,544 117,378 = _114,547 30,825 498,294

a









10.

investments in associated companies comprise:

TUESDAY. JUNE 10, 2008, PAGE 7B



Liabilities .

Deposits from banks 37,9 19,526 54,344 . 767 112,581
Customs’ deposits 102,891 86,967 53,551 23,057 266,466
Derivative financial instruments 777 16,507 4,231 1,340 22,855
Other habilities 2433 541 : 2 2,976
Total liabilivies 144,045 123,541 112,126 25,166 __404,878
Net on-balance sheet position 91,499 (6,163) 2.421 5,659 93,416

Credit commitments/Guarantees 2,913 45,732 19,317 2,525 70,487

Subsidiaries

Subsidiaries comprise:

Country of | Ownership

____Incorporation Interest

Bayside Partners Ltd. The Baltamas 100%
Bayside Pictet Ltd. The Bahamas 100%
ETR Sponsors Ltd. The Bahamas 40%
NassBarr Investments Corp. The Bahamas 100%
NomNass Investments Corp. The Bahamas 100%
NassNom Investments Corp. The Bahamas 100%
Pictet Overseas Trust Corporation Limited The Bahamas 100%

Pictet Overseas Trust Corporation Limited is licensed to carry on, and engages in, trust
business from within The Bahamas and is an authorised agent for the purpose of receiving
securities into deposit on behalf of its clients. ETR Sponsors Ltd. provides investment
management and advisory services to an investment fund. Bayside Pictet Ltd. and Bayside
Partners Ltd. are involved in activities connected with the ownership of a commercial
office complex known as Bayside Executive Park and adjacent land, respectively, which
are located in the Western District of the Island of New Providence in The Bahamas.
NassNom Investments Corp., NomNass Investments Corp. and NassBarr Investments
Corp. are licensed in The Bahamas to provide nominee shareholder services and also
provide directorship services for the Group’s customers and otherwise remain inactive.

During the year, the Group acquired 40% of the share capital of ETR Sponsors Ltd., which
represents 100% of the voting shares. As a part of the transaction, the Group and the other
shareholders of ETR.Sponsors Ltd. entered into call and put options, respectively, which,
subject to certain events, would result in the Group. acquiring the shares of the other
shareholders based on their net asset value at the time of exercise.

Investments in Associated Companies '

2007 2006

CHF CHF

Shareholdings 1,228,707 1,228,657
ca 6,415,220 7,053,135
7,643,927 8,281,792

The advances to associated companies are interest-free and unsecured, with no fixed terms
of repayment. Associated companies comprise:

Country of Ownership

Incorporation Interest

Bayside Estates Ltd. (dormant) The Bahamas 50%

Bayside Holdings Ltd. The Bahamas : 50%

Bayside Management Ltd. (dormant) The Bahamas 50%
Bayside Holdings Ltd., Bayside Management Ltd., and Bayside Estates Ltd. are invoived in

‘activities connected with Bayside Executive Park and adjacent land, respectively; see Note 4.
Summary financial information pertaining to associated companies is as follows:

Assets Liabilities

CHF CHF
As of 31 December 2007
Bayside Estates Ltd. (dormant) 1,132,150 : -
Bayside Holdings Ltd. 13,348,545 14,083,027
Bayside Management Ltd. (dormant) ~ woe stat -
As of 31 December 2006
Bayside Estates Ltd. (dormant) 1,220,700 -



tr )$;840 688978 9416,075,130 Meta
anagement Ltd. (dormant)... © ...!ossc do, ‘ ; ?

TY ANE





Omer aeetsoh Iramasices ewiunm 2A dtiw Vaan) Owain ane
Included in “other assets” are fees receivable from related parties totaling CHF 10,200,000
(2006: CHF Nil). Also included in “other assets” are land, building, furniture, office
equipment and software with an aggregate carrying value of CHF 1,027,502 (2006: CHF
1,643,690). The Group occupies a building that was fully depreciated during the year that
has a historical cost of CHF 16,439,786.





Deposits from Banks
2007 2006
Related Related
Parties Others ’ Parties Others
CHF CHF CHF CHF
Demanid deposits 13,884,294 403,696 52,769,298 345,621
Call deposits - - - 128,173
Time deposits 70,369,112 : 59,337,626 he :
84,253,406 403,696 112,106,924 473,794
Customers’ Deposits ‘
2007 2006
Related Related f
Parties Others Parties Others
CHF CHF CHF CHF
Demand deposits 124,792,397 157,246,721 31,822,197 108,811,010
Cal* deposits - 43,338,642 50,000,000 ° 67,103,918
Time deposits * = - 20,070,748 383,456 8,346,016
124,792,397 220,656,111 82,205,653 184,260,948
Share Capital
2007 2006
CHF CHF
. Authorised share capital:
15,000 (2006: 12,500) shares of CHF 2,000 each 30,000,000 25,000,000
Issued and fully paid: .
12,500 ordinary shares of CHF 2,000 each 25,000,000 25,000,000
2,500 (2006: Nil) preferential shares of CHF 2,000 each _5,000,000 :

30,000,000 25,000,000

In May 2007, the directors and shareholders approved an increase in the Bank’s authorised
capital of CHF 5,000,000 through the creation and issue of 2,500 preferential shares of par
valite CHF 2,000 each. These shares were issued to a related party doniiciled in Switzerland,
in which certain key management personnel of the Group have an interest.

The ordinary shares are voting participating shares. The preferential shares are non-voting
participating shares with a preferential right to dividends. The dividend amount is not fixed.

Other Balances and Transactions with Related Parties

The following is a summary of balances and transactions with related parties that are not
disclosed elsewhere in the consolidated balance sheet:

2007 2006
CHF CHF
Pictet & Cie
Cash and due from banks 90,036,416 25,582,708
Derivative financial instruments (asset) 8,618,902 14,647,324
Derivative financial instruments (liability) 7,301,256. 8,544,975
Other related parties
Cash and due from banks 15,006,814 15,019,150
Other liabilities $50,000 ° -
e

The Group receives research, advisory, adr: inistrative and other support services from related
parties and certain of these services are received free of charge.



-

as.

11. Commitments and Contingencies

(a) Derivative financial instruments

The Group enters into forward currency contracts solely as part of its customer-related
activities. Forward currency contracts are contracts to purchase and sell foreign
currencies at specific rates of exchange on specific dates in the future. Risk arises from
the potential inability of counterparties to perform under the terms of the contracts (credit
risk) and from fluctuations in the foreign exchange rates (market risk). The Group
manages the market risk of customer-related positions by taking offsetting positions with
Pictet & Cie and other banking institutions resulting in minimal market exposure. The
credit risk of customer-related positions is managed by applying uniform credit standards
maintained for all activities with credit risk. Collateral held generally includes cash, cash
equivalents and investment securities.

The forward currency contracts open as of year-end relate to major currencies such as the
Euro, Swiss franc, UK pound sterling, Canadian dollar and US dollar. As of the
reporting date, the Group had contractual commitments under open forward currency
contracts as follows:

'

Commitments to purchase currencies:
Banks — Related party 72

Customers

A 2

3,281,203

2007 2006
CHF CHF
4,505,685 — 1,440,223,600
1,434,222,810

1,447,786,888 _2,874,446,410

Commitments to sell currencies:

Banks — Related party 723,188,039 — 1,434,1 14,707
Customers ____724,008,292 —_1,439,764,509
1,447,196,331 2,873,879,216

Â¥ 2 :
The contract amounts of these instruments reflect the extent of the Group’s involvement

in forward currency wh

ts and.do not represent the

Group’s risk of loss due to

counterparty non-performance (credit risk). The Group’s exposure to credit risk on
forward currency contracts is limited to those contracts with positive fair values, as
reported in the consolidated balance sheet. ;

(b) _ Guarantees issued

As of 31 December 2007, the Group was contingently liable for CHF 80,492,785
(2006: CHF 70,486,942) in respect of guarantees issued on behalf of its customers.
Assets held by the Group on behalf of the customers have been pledged as collateral in
. full support of these guarantees.

12. Capital Management

The Group’s objectives when managing capital are to maintain a strong capital base to support
the development of its business, provide returns for its shareholders and benefits for other
stakeholders and comply with the capital requirements mandated by the’ Central Bank of The

Bahamas (the Central B.

ank).

Capital adequacy and the use of regulatory capital are monitored by the Group’s management,
employing techniques designed to ensure compliance with guidelines established by regulators.
The required information is filed with the Central Bank, the principal regulator, on a quarterly

basis.

The Central Bank requires that the Group maintain a ratio of total regulatory capital to risk-
weighted assets at or above a minimum of 8%.

For the Group, there is no difference between the composition of regulatory capital and the
components of equity as shown in the consolidated balance sheet. The Group has complied
with all of the externally imposed capital requirements to which it is subject.

13. General Reserve

The general reserve has been established by appropriations of retained earnings and is not

intended for distribution. This reserve can onl

shareholders.

14. Fair Value of Financial Instruments

ly be distributed with the approval of the

Financial instruments utilised by the Group include recorded financial assets and liabilities,
as well as items that principally involve off-balance sheet risk. It is the Group’s policy not
to take on material exposure to its financial position and cash flows due to the effects of
fluctuations in prevailing foreign currency exchange rates. As the Group has no significant
unmatched foreign currency positions, change in interest rates is the main cause of changes
in the fair value of the Group’s financial instruments. The majority of the Group’s financial

- %

instruments are either short-term in nature or have interest rates that automatically reset to
market ona periodic basis. Accordingly, the estimated fair value is not si gnificantly different
+ from the carrying value for each major category of the Group’s recorded financial assets and

“liabilities. :



PRICEWATERHOUSE(COPERS ©

INDEPENDENT AUDITORS’ REPORT

To the Shareholders of Pictet Bank & Trust Limited .



PricewaterhouseCoopers

Providence House

East Hill Street

P.O. Box N-3910

Nassau, Bahamas
“Website: www.pwe.com

E-mail: pwcbs@bs.pwe.com

Telephone (242) 302-5300

Facsimile (242) 302-5350

We have audited the accompanying consolidated balance sheet of Pictet Bank & Trust Limited (the Bank)

and its subsidiaries (together, the Group) as of 31 December 2007 and a summary of significant

accounting policies and other

explanatory notes.

Management's Responsibility for the Financial Statements

Management is responsible for the preparation and fair presentation of this consdlidated balance sheet in

accordance with International Financial Reporting Standards. This re:
implementing and maintaining internal control

financial statements that are free from material Misstatement, whether due

applying appropriate accounting policies; ‘and

circumstances.

Auditors’ Responsibility .

as discussed below, we condi

Those standards require that we comply with ethical requirements

. -Our responsibility is to express an opinion on this consolidated balance sh

ucted our audit in accordance with Interna

obtain reasonable assurance whether the balance sheet is free from material

An audit involves performin
the financial statements. Th
assessment of the risks of mai
In making those risk assessm
and fair presentation of the
the circumstances, but not for
internal control. An audit also

reasonableness of accounting estimates mad
presentation of the financial statements.

We believe that the audit evidence we have obtained i

our.audit opinion.

Basis for Qualified Opinion

sponsibility includes: designing,
relevant to the preparation and fair presentation of

to fraud or error; selecting and

making accounting estimates that are reasonable in the

eet based on our audit. Except
tional Standards on Auditing.

and plan and perform the audit to

misstatement.

g procedures to obtain audit evidence about the amounts and disclosures in

e procedures selected, depend on. the -auditors’ judgment, including the
terial misstatement of the financial ‘statements, whether due to fraud or error.
ents, the auditors consider internal control relevant to the entity’s preparation
financial statements in order to design audit procedures that are appropriate in

the purpose of expressing an opinion on the. effectiveness of the entity’s

includes evaluating the appropriateness of ac

counting policies used and the

é by management, as well as evaluating the overall

s sufficient and appropriate to provide a basis for °

PAGE 8B, TUESDAY, JUNE 10, 2008

THE TRIBUNE



a EO
Government reviewing copyright enforcement

@ By CARA BRENNEN-
BETHEL
Tribune Business

Reporter

THE government is under-
taking an extensive review of
modern copyright enforcement
to ensure that the Bahamas
remains competitive in this area
and to ensure that the country
remains off censure lists.

Minister of State for Legal
Affairs Desmond Bannister, in
his budget contribution in the
House of Assembly yesterday,
said the Registrar General has
been given a mandate to under-
take comprehensive reviews of
modern copyright systems such
as The Library of Congress in
the USA and seek to implement
a state of the art copyright reg-
istration system in the Bahamas.

“Additionally, an advisory
committee appointed by the

minister has provided draft leg-
islation, which is being circulated
to industry partners for consid-
eration. It is anticipated that new
legislation will provide for the
introduction of the lucrative con-
cept of registering service marks,
which will have the potential of
positioning the Bahamas in an
even more competitive position
in an ever growing global envi-
ronment and pave the way for
future internationally compliant
intellectual property legislation,”
he said.

Mr Bannister thanked the US
government and the US embassy
for assisting the various arms of
government in the institutional
strengthening of the various
issues affecting intellectual prop-
erty protection and enforcement.

He also noted that officers
from the Registrar General’s
Department, the Attorney Gen-
eral’s Office, and other law

NOTICE

IN THE ESTATE OF CAPTAIN AUDLEY

AUSWELL PATRICK: RUSSELL

late of

FREEPORT, GRAND BAHAMA one of the
Islands of the Commonwealth of The Bahamas,
deceased.

Notice is hereby given that all persons having
any claim or demand against the above Estate are
required to send their names, addresses and
particulars to the same certified in writing to the
undersigned-on or before the 14th of July, C.E.,
2008 and if required, to prove such debts or claims,
or in default be excluded from any distribution; after
the above date the assets will be distributed having
regard only to the provéd debts or claims of
which the Executors shall have had notice.

And Notice is hereby given that all persons
indebted to the said Estate are requested to make
full settlement on or before the aforementioned date.

Dated the 23rd day of May, C.E., 2008

MCDONALD & CO
Attorneys for the Executors
Chambers
Lex House, Settler’s Way
Freeport, Grand Bahama, Bahamas



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enforcement agencies have been
or will be sent on training cours-
es on intellectual property
enforcement and prosecution.

“As a result of these com-
bined efforts and prolonged
negotiations with the United
States Trade Representative
Office as spearheaded by the
Registrar General Department
and other government agencies,
the Bahamas for the second year
in a row does not appear on the
Special 301 lists. This is quite
significant as the Bahamas has
been listed for the previous six
years.”

Mr Bannister further noted
that the intellectual property
department was relocated to
Appsley House at the beginning
of May and has more space to
seek to more adequately meet
its mandate.

“WIPO (World Intellectual
Property Organisation) has
undertaken the installation of a
special IPAS computer system.
This budget makes provision for
the proper staffing of this depart-
ment to populate the database.

This is critical to the Bahamas
seeking a competitive advantage
in this area, and it is worthy of
note that when we came to office
this department was some five
years behind in the process.”

CROSSROADS,

from page 1B



moved from Bay Street and
expressed the hope that the pri-
vate sector would be allowed to
drive the relocation process.

The Meet the Minister’s
Forum will be held on Thurs-
day, June 26, at Sandals begin-
ning at 8.30am. Other chamber
week activities include a mix
and mingle on Tuesday, June
24, beginning at 6.30pm and a
gala awards banquet on Satur-
day, June 28 at 8.15pm, both
events to be held at Sandals.

The mix-and-mingle event
will have a ten dollar donation
which will go towards the schol-
arship fund, for the winner of
the outstanding College of the
Business Student Award to be
given at the banquet. Other
awards will be the outstanding
businessperson, developing
entrepreneur of the year, busi=
ness of the year and a lifetime
achievement award.

Chamber officials will also
pay a courtesy call on the prime
minister that week as well.

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Group policy did not permit us to veri
CHF 172,782,461 (2006: CHF 181,408,
CHF 220,656,111 (2006: CHF 184,260,944)
balances by ative audit procedures.

fy loans and advances to non-affiliated customers of
527) _and deposits from non-affiliated customers of
by direct confirmation, nor were we able to verify these

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23 May 2008 For more information contact:

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FILES






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~ Mi

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PARTLY
~ SUNNY —

Volume: 104 No.165

TTF



Miss Bahamas
NEAL UC ETI)

ahaa MULES



TUESDAY, JUNE 10, 2008

The Tribune °



= USA TODAY.

BAHAMAS EDITION

SPORTS



(2 storey yates building |’
_ ¢upstairs Signature Styles)









‘Suspect questioned
in gay man's murder

Police unable to say if
case connected to other
killings of homosexuals

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

POLICE are, questioning a

‘ suspect in connection with the

murder of Marvin Wilson, The
Tribune has learned.

“Well, we are questioning
somebody in connection with
that. We’re not at the! point
for court as of yet. We don’t
know if we are going to reach
that point yet,” said Chief
Supt. Glenn Miller, officer in
charge at the Central Detec-
tive Unit yesterday 1 in a brief
interview.

He said that during the

course of the investigation
police have had “a number of
persons in custody” regarding
the case, noting however that
no one has voluntarily turned
themselves in in connection
with the death.

When asked if police are
able to say if there is any con-
nection between Mr Wilson’s
murder and that of Thaddeus
McDonald, Harl Taylor and
Wellington Adderley, Mr
Miller said: “No I cannot say
that at this time.”

He continued: “Well, we
had suspects in those matters —

SEE page eight

Bimini residents delegation wants
‘attacks’ against development to end

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

A DELEGATION of Bimini residents wants “attacks” by envi-
ronmentalists against the Bimini Bay development to end, and
permission to be given to start Phase II of the resort’s expansion.

“As residents of Bimini, we are calling for a stop to all these
senseless attacks on Bimini Bay Resort. People who have no vest-
ed interest in our island have been battering the resort with attacks
for years. These attacks are hurting the entire island and our peo-
ple. They have no right to be doing this to us. This island belongs
to the people of Bimini and it s time to treat it that way,” said Ash-

_ SEE page ae






















Teen reportedly
raped after man
_ forces his way

into family home

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

POLICE are investigating a
teenager's claim that she was
raped by a man who forced his
way inside her family's Nassau
Village home yesterday morn-
ing.

According to police reports,
around 1 am yesterday a 17-
year-old resident of the area
told her father that she was
raped by a man who broke into
their home.

The quick-thinking father ran
out of the home and gave chase
to the alleged rapist finally
apprehending him with the help
of concerned neighbours in the

SEE page six





Tim Clarke/T ribune staff



POLICE officers investigate after
the robbery at Commonwealth Bank

@ By NATARIO
McKENZIE






POLICE are actively
searching for two unmasked
robbers who held up Com-
monwealth Bank’s Golden
Gates branch'shortly before
noon yesterday.

No one was hurt during
the ordeal, but staff mem-
bers and customers were vis-
ibly shaken, and one bank
employee had to be treated
for shock after the incident.

Maryanne Ferguson, a
Defence Force marine who
witnessed the robbery, said
that one of the gunmen, who
appeared to be in his early
20s, wore a stripped polo
shirt and a pair of dark blue
trousers. According to
Ferguson the robbery hap-
pened very quickly.

“My mother-in-law was
on the teller line and when I
looked up I saw a short male
about 5’ 4” and he had this
chrome short pistol in his
hand pointing at one of the
male teller’s face. I just’
looked up and said ‘oh my

SEE page six

































By DENISE MAYCOCK
Tribune Freeport
Reporter
dmaycock@tribunemedia.net

FREEPORT - A 39-year-old
man was murdered in broad
daylight in Freeport yesterday.

He died of gunshot injuries
at hospital after being shot yes-
terday morning.

The victim’s identity was not
released by police up to press
time. His death is the sixth
homicide for the year. on Grand
Bahama.

According to Assistant Supt.
Loretta Mackey, police received
a report of a shooting around
10.39am in the area of Watkins
Lane off Pioneer’s Way.

When officers arrived at the
scene, they observed EMS per-

Government aims to

initiate mass food
growing projects

â„¢ By ALISON LOWE

Tribune Staff Reporter

IN an effort to get Bahamians to
participate in securing their food
sources in the face of global eco-
nomic turbulence the government
will seek to initiate mass residential

and school food-growing projects.

sonnel attending to a black man
with multiple gunshot wounds
tothe head and upper body.
The victim was taken to Rand
Memorial Hospital, where he

_ was treated by the doctor on

duty.

However, he later died of his
injuries.

Ms Mackey said investiga-
tions are continuing into the
shooting,

“The motive for this homi-

- cide is not known at this time.

An autopsy will be performed
to determine the exact cause of
death,” she said.

The police are appealing to
the public to assist them with
their investigations by calling
911 or 350-3107/8 with infor-
mation in connection with the
matter.

This year the government will
hand out free fruit trees and back-
yard growing kits to members of
the public and schools to encourage the cultivation of foods like
guavas, mangoes, tomatoes, cabbage and herbs, minister of agri-



culture and marine resources Larry Cartwright said.
He was giving his contribution to the budget debate in the House

SEE page eight

Twin engine aircraft
crashes off Bimini

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

A 52-YEAR-OLD Floridi-
an was lucky to be alive yes-
terday when the twin engine
aircraft he was piloting crashed
into waters between North and
South Bimini shortly after 1pm.
* According to a report from
Grand Bahama Chief Superin-
tendent of Police Basil Rah-
ming, Mr Norman Aranha, of
Charleston Weston, Florida,
had taken off from the Sir Lyn-

den Pindling International Air-
port in New Providence after
dropping off three passengers
and was headed back to the
Fort Lauderdale/Hollywood
Executive Airport. Mr Aran-
ha, who is the nephew of Cap-
tain Paul Aranha of Lyford
Cay, was piloting a white Aero-
Commander aircraft r/n
NSO1AP, owned by Atlantic
Jet Management Company.
“As he was flying over
North Bimini, the right engine

SEE page eight

=




In brief

Man accused of
having drug with
intent to supply

A 20-year-old man was
arraigned in Magistrate's
Court yesterday charged with
possession of marijuana with
the intent to supply.

It is alleged that on Satur-
day, June 7, Celson Levant
Stubbs of Garden Hills was
found in possession of 36
grams of marijuana with the
intent to supply it.

Stubbs, who was arraigned
before Magistrate Carolita
Bethel at Court 8 in Bank
Lane, pleaded not guilty to
the charges and was remanded
to Her Majesty's Prison until
Wednesday, when he will
return to court for a bail hear-

ing.

?M in Long Island
fo meet natives,
regatta visitors

PRIME Minister Hubert
Ingraham was in Long Island
over the Labour Day weekend
and visited with natives and vis-
itors:to the 41st annual Long
Island Regatta at the regatta
site in Salt Pond.

Prime Minister Ingraham also
took time to inspect a sea wall
in Simms, docks in Salt Pond,
and the road leading to the
Monument in Seymour's.

TROPICAL
Pues
Ra MHIN LANE
ay aeyseaty,

Mountain lion alert

Govt engages hunter to
search Central Eleutl

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

A professional hunter was
engaged by the government to
search for a mountain lion in
Central Eleuthera, the Minis-
ter of Agriculture and Marine
Resources said yesterday.

According to Larry
Cartwright, “widespread reports
of sightings” of the alleged crea-
ture led the government to send
the hunter and animal control
wardens to the island and a

three day search was conducted -

to find the feline predator.

Having found no evidence of
the animal, authorities were led
to believe the reports were
“likely unfounded”, but ulti-
mately the matter was “not con-
clusively resolved,” the minis-
ter told the House of Assem-
bly.

Mr Cartwright said’a great
deal of fear was stirred up in
the community as a result of the
reports and some locals contin-
ue to believe that someone is

LOCAL NEWS



“Predation of
livestock and
aggressive animal
behaviour has
increased.”



‘Larry Cartwright

keeping the big cat as a pet.
This unusual scenario was
described as Mr Cartwright con-
tributed to the budget debate.
He noted that there is an
increasing demand for animal
control services countrywide.
He said that during the next
budget period animal control
units are being planned for

Long Island. “During the last
fiscal year there were reports
of incidents from residents and
visitors of dog bites. Predation
of livestock and aggressive ani-
mal behaviour has increased,”
noted Mr Cartwright.

“Animal control wardens
conducted visits in response to
specific incidents in North
Eleuthera, the Berry Islands
and Exuma. Visits have been
conducted to aid in the control
of feral chickens and even
aggressive peaaulls at resorts,”
he said.

“The department: continues
to offer support to islands where
there is no established animal
control programme through the
provision of traps for feral dogs



era

Eleuthera, Abaco, Exuma and

and raccoons,” he added.

Larry Cartwright





Share your news

4 The Tribune wants to hear

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/ you are raising funds for a

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} for improvements in the

# area or have won an

| award:

1 If soj-call us on 322- 1986

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Player

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Cynthia Pratt recuperating
well at Doctors Hospital

@ By REUBEN SHEARER



OPPOSITION deputy leader Cynthia Pratt
is recuperating well at Doctors Hospital.

She is being treated for a thyroid condition
and a heart condition, Dr Conville Brown told
The Tribune yesterday.

Dr Brown, the attending physician, advised
that though the former deputy prime minis-
ter’s condition is very serious, she will not be
operated on.

Mrs Pratt, who had been receiving treatment
for thyrotoxicosis — an overactive thyroid gland
— was also discovered to have an inflamed gall
bladder.

She was participating in the Labour Day
march on Friday, when she began complaining
of a palpitating heart. Dr Brown said a combi-
nation of walking and being qut in the “blazing
heat” set her heart racing.

Speaking to The Tribune yesterday, Joseph,

surprised that she survived the exertion. ,
She was diagnosed with atrial fibrillation and

admitted; he said: “She was having rapid heart

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“Mrs Pratt’s husband said the doctors were ih
ri ment with Bahamian doctors, but wiltconsider ’

seeking medical attention abroad if her condi-

beats before. Two weeks ago, she visited the
heart clinic,” Mr Pratt said.

He explained that doctors did not want his
wife to see that they were extremely concerned
about her condition on Saturday, and did not
initially inform her of the potentially severe
situation.

“My wife is a fighter, she’ll be out of the
hospital, and back at work very soon,” he said.

“She is not watching the budget debate or tun-.

ing into any kind of television right now, but is
resting.”

According to Dr Brown, Mrs Pratt will need

“extensive” time off for convalescence. “She
has been advised, as most politicians, not to
overwork themselves, but she certainly does fall
into that category,” the doctor said.

Asked if his wife has been under significant
stress over the past weeks, Mr Pratt said: “This
is her last term, so she has been committed to
doing what she, can this last lap.”

arie

:/Mr Pratt.said that his, wife, will.continue:treats

Pe as

‘tion becomes:worse. ‘°° 4°

Palmdale: 322-8421
Cable Beach: 327-7740/ |



Another Emerald
Bay Resort offer
expected soon,
says Ingraham

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

ANOTHER offer for the
Emerald Bay Resort in Exuma
is expected to come before the
government before the end of
the month, Prime Minister
Hubert Ingraham said yester-
day.

Mr Ingraham previously
informed The Tribune in May
that governmént’s National
Economic Council, on which he
sits, had turned down the first
offer put forward by would-be
purchasers Ambrose Holdings
Limited (Bahamas).

Sources later told Tribune
Business that the government

had concerns over whether the’

buyers had the necessary long
term financing to fully develop
the property.

The offer put forward by
Ambrose Holdings for the lux-
ury Four Seasons resort earlier
this year was alleged to have
been in the region of $125 mil-
lion, sources said.

Declining to comment further
on the nature of the rejected
offer at that time, Mr Ingraham
did reveal that he anticipated
any new offer being presented
by Ambrose Holdings in con-
junction with “additional per-
sons.”

The Emerald Bay resort has
been in receivership since June
22, 2007, when its parent com-
pany, Emerald Bay Resort
Holdings, defaulted on its debt
repayments two months earli-
er.

The resort, Exuma’s “anchor

project”, which employs about —

500 people, had failed to gener-
ate the profits that its investors
had anticipated.

While it has continued to
operate during its receivership
period, real estate sales have
dropped off, and further devel-
opment of the resort has not
gone ahead as scheduled.

__. Mr Ingrahamr told! The Tri- *
#bune in May that the sale‘of the’

“Exuma property is “critical for
Exuma’s economy and for the
Bahamas.”

Independence: 341-8527 Lyford Cay: 362-5289
Harbour Bay: 393-876 1/2



a] :

ive

’
THE TRIBUNE

TUESDAY, JUNE 10, 2008, PAGE 3



US court upholds
the convictions
of five spying
accused Cubans

AN AMERICAN feder= | i
al appeals court has again :
upheld the controversial
convictions of five Cuban
men accused of spying in
the US.

However, according to :
an Associated Press report
by Walter Putnam, the i
court vacated sentences of :
three of them, including:
two who are serving life |
terms.

The court already
upheld the convictions in
2006, rejecting the argu- ss;
ment that the men’s feder- :
al trial should not have ;
been held in Miami
because of widespread
opposition to the Cuban
regime.

“A three-judge panel of
the 11th US Circuit Court
of Appeals returned those
cases to a federal judge in
Miami for resentencing
based on findings in an
opinion filed Wednesday
that the five gatheredno
‘top secret’ information. It :
was the third time the case :
had come before the
court,” the report noted.

The men have admitted
that they were agents
working for the Cuban
government but denied
spying on the United —
States. “They said their
focus was on US-based
exile groups planning ‘ter-
rorist’ actions against the
Castro government,” the
AP report said.

Criticised

Cuban officials have
accused the US govern-
ment of refusing to arrest
South Florida terrorists
exposed through the
efforts of the five men,

and criticised: Washing--»::: iy

ton’s decision to ignore
requests for the extradi-
tion of Luis Posada Car-
tiles, who was convicted in }
absentia of being involved
in various terrorist attacks
and plots in the Western
hemisphere, including the
1976 bombing of a Cuban
airliner that killed 73 peo-
ple.

On Wednesday, the ;
court ruled that two of the }
men had beensentenced
too harshly, as no "top
secret information” was}
gathered or transmitted by :
them. :

They were first convict-
ed in 2001, but this was
overturned by a three-

judge 11th Circuit panel in t

2005, which agreed that
there should have been a
change of venue. Howev-
er, the full court then
reversed this decision.

According to the AP
report, the National Com-
mittee to Free the Cuban
Five denounced the deci-
sion to uphold the convic-
tions.

"It flies in the face of ;
the truth. The five men are :
not guilty of any crime,"
said Gloria La Riva, the
committee co-ordinator.
"They were saving lives by ;
stopping terrorism. They
never had weapons. They _:
never posed any harm to
the people of the United
States."

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LOCAL NEWS

blacklisting’ f new US law passed

Attorney Paul Moss

says Bahamas should be
‘very concerned’ about
Obama-backed legislation

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

THE Bahamas could soon face
renewed blacklisting as a harmful
tax haven if a new US law, which is
being supported by presidential
candidate Barack Obama, is
passed, according to Paul Moss,
attorney and vice-president of
Dominion Management Services.

Mr Moss told The Tribune yes-
terday that the Bahamas should be
“very concerned” if Mr Obama
becomes the US’ next president
and pushes through the “Stop Tax
Haven Abuse” Act.

The S-681 “Stop Tax Haven
Act”, co-sponsored by Mr Obama,
Democratic Senator Carl Levin
and Republican Norm Coleman,
calls for tougher requirements on
US taxpayers using off-shore secre-
cy jurisdictions.

The Act would also give the US
Treasury the authority to take spe-
cial measures against foreign juris-
dictions and financial institutions
that impede US tax enforcement.

Mr Moss said yesterday that if
the Bahamas does not soon make

ES changes to its tax haven position, he

predicts that the country will again
be black-listed.

As the international position on
tax havens becomes less and less
tolerant, Mr Moss said that now is
the time for the Bahamas to change
its status from a tax haven to that of
an attractive low-tax jurisdiction.

In his experience, the attorney
said, most companies and individ-
uals doing business in the Bahamas
are more than willing to pay some
sort of tax. They are merely
attempting to escape the “exorbi-
tant” taxes levelled at them in their
home states, he explained.

Mr Moss said that it would be
smart of the Bahamas to sign dou-
ble taxation treaties with other
countries. Such treaties would,
under certain circumstances,
exempt foreign individuals and
companies doing business in the
Bahamas from paying taxes in their
home countries and instead allow
them to pay significantly lower tax-
es to the Bahamian government.

The government, in turn, he said,

Immigration
fees to rise
in this year’s
budget plan

@ By MEGAN REYNOLDS |

Tribune Staff Reporter

IMMIGRATION fees will
rise in this year's budget plan
to give Bahamians an advan-
tage over foreigners seeking
employment in this country.

Work permit fees ranging
between $10,000 per annum for
a permit at scale one, and $650
for permits at scales 10 through
12, will be increased to $12,500
a year for scale one and

1,000 per annum at scale eight.

A special rate applied to reg-
istered farm labourers will be
increased to $500 per year.

Prime Minister Hubert Ingra-
ham said: "I note for the record
that the Free National Move-

-ment has always believed

Bahamians ought to be given

preferential treatment as ©

regards employment in our
country, so long as they are suit-
able and qualified for the

‘employment contemplated.

"We also accept that there
are occasions when special skills
and expertise may not be avail-
able or not available in suffi-
cient numbers to meet the

‘requirements of our economy."

Immigration fees were
increased by 50 per cent in
some scales under the FNM
government in 1993, and rose
again in 1999,

Mr Ingraham added: "Hav-
ing not been increased during
the tenure of our predecessors
in office it has been left for us to
once again increase immigra-
tion fees."

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could use this money towards such
initiatives as improving the
Bahamas’ health and education sys-
tems.

Mr Moss said that it is believed
that billions of dollars in foreign
tax money can currently be found
in off-shore bank accounts in the
Bahamas.

Only a small percentage of that
money, he said, could assist the
Bahamas immensely in its devel-
opment.

However, the attorney — who is

also a PLP hopeful for the St Cecil-

ia constituency -said he doubts that
the current generation of politi-
cians will make any changes to the
Bahamas’ tax haven position.
“They refuse take control of it.

People want to maintain the sta- .

tus quo. They are shooting
themselves in the foot,” he
said.

Mr Obama — who stands a good

chance of becoming the US’ 44th
president — in his plan for restoring
fiscal discipline, said that he will
give US Treasury Department “the
tools it needs to stop the abuse of
tax shelters and offshore tax havens
and help close the $350 billion tax
gap between taxes owed and taxes
paid.”

In addition the US, the Euro-
pean Union (EU) has also.
announced its determination to
crack down on tax havens that
trade in secrecy and facilitate tax
dodging at the expense of
honest taxpayers around the
world.

In June 2000, the Organisation
for Economic Co-operation and
Development (OECD), blacklisted

_the Bahamas as a “harmful tax

haven,” describing the country as

“non-cooperative in the fight ,

against money laundering.”

Call for draft legislation

regulating Haitian sloops

in Bahamian waters to
be moved forward

a By MEGAN REYNOLDS
Tribune Staff Reporter





DRAFT legislation to regulate Haitian sloops in Bahamian
waters must be pushed forward, it was argued in the US Bahamas
Joint Narcotic Task Force meeting yesterday.

US deputy chief of mission David Elmo called for co-operation
from his comrades in the Bahamas and Turks and Caicos islands,
to help move forward the draft legislation on wooden-hulled
sloops potentially trafficking drugs and guns.

The legislation initiated over two years ago is a top priority
for United States Ambassador to the Bahamas Ned Siegel with the

-support of President George Bush.

Plans also involve US investment in Great Inagua to expand the
harbour and improve the airport as a way of reducing criminal
activity.

Submitting his priorities for the day-long meeting in the Royal
Bahamas Police Force Headquarters' conference centre in East
Street, Mr Elmo said: "As deputies we are operational people,
influencers, we can make this happen.

. "Lets get this sloop legislation done today and carry that mes-
sage forward." -

Mr Elmo hopes the legislation will be approved before the next
Tripartite meeting hosted by the Bahamian government in Sep-
tember.

The task force is part of a 25-year co-operation between the US,
the Turks and Caicos and the Bahamas to fight drug trafficking,
gun trafficking and illegal immigration. It includes OPBAT, Oper-
ation Bahamas Turks and Caicos, which works to protect the bor-
ders of the three nations.

Deputy director of Immigration of the Turks and Caicos islands
Alonzo Malcom said: "It is good when countries can get together
in a forum such as this to alleviate our common problems.

"Guns trafficking and drug trafficking brings all sorts of prob-
lems to our shores. But together we can conquer, we will secure
our shores,"

Bahamas Permanent Secretary of National Security Missouri
Sherman-Peter said: "Our initiative is to ensure that the cost of the
illicit drug trade far outweighs the benefits.

"Drugs production, trafficking and abuse are all of critical con-
cern and must be examined in a balanced way."




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PAGE 4, TUESDAY, JUNE 10, 2008

THE TRIBUNE





EDITORIAL/LETTERS TO THE EDITOR

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. BsES)K.M., K-C.S.G.,

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

Publisher/Editor 1919-1972
Contributing Editor 1972-1991

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

Publisher/Editor 1972-

Published Daily Monday to Saturday

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

TELEPHONES
Switchboard (News, Circulation and Advertising) 322-1986
Advertising Manager - (242) 502-2352
Circulation Department - (242) 502-2387
Nassau Fax: - (242) 328-2398
Freeport, Grand Bahama: 1-(242)-352-6608
Freeport fax: (242) 352-9348 :

It’s a different country

FERVENT supporters of Barack Obama like
to say that putting him in the White House
would transform America. With all due respect
to the candidate, that gets it backward. Obama
is an impressive speaker who has run a bril-
liant campaign — but if he wins in November, it
will be because our country has already been
transformed.

Obama’s nomination wouldn’t have been
possible 20 years ago. It’s possible today only
because racial division, which has driven U.S.
politics rightward for more than four decades,
has lost much of its sting.

‘And the de-racialization of U.S. politics has
implications that go far beyond the possibility

- that we’re about to elect an African-American

president. Without racial division, the conserv-
ative message — which has long dominated the
political scene — loses most of its effective-
ness.

Take, for example, that old standby of con-
servatives: denouncing Big Government. Last
week John McCain’s economic spokesman
claimed that Barack Obama is President Bush’s
true fiscal heir, because he’s “dedicated to the
recent Bush tradition of spending money on
everything.”

Now, the truth is that the Bush administra-
tion’s big-spending impulses have been largely
limited to defence contractors. But more to the
point, the McCain campaign is deluding itself if
it thinks this issue will resonate with the public.

‘ For Americans have never disliked Big Goy-
ernment in general. In fact, they love Social
Security and Medicare, and strongly approve of
Medicaid — which means that the three big
programmes that dominate domestic spending
have overwhelming public support.

If Ronald Reagan and other politicians suc-
ceeded, for a time, in convincing voters that

government ‘spending was bad, it was by sug-
gesting that bureaucrats were taking away work-
ers’ hard-earned money and giving it to you-
know-who: the “strapping young buck” using
food stamps to buy T-bone steaks, the welfare
queen driving her Cadillac. Take away the racial
element, and Americans like government spend-
ing just fine.

But why has racial division become so much
less important in American politics?

Part of the credit surely goes to Bill Clinton,
who ended welfare as we knew it. I’m not say-
ing that the end of Aid to Families With Depen-
dent Children was an unalloyed good thing; it

created a great deal of hardship. But the “bums |

on welfare” played a role in political discourse
vastly disproportionate to the actual expense
of AFDC, and welfare reform took that issue off
the table.

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Another large factor has been the decline in
urban violence. .

As the historian Rick. Perlstein documents
in his terrific new book “Nixonland,” America’s
hard right turn really began in 1966, when the

Democrats suffered a severe setback in Con- |

gress — and Ronald Reagan was elected gov-
ernor of California.

The cause of that right turn, : as Perlstein
shows, was white fear of-urban disorder — and
the associated fear that fair housing laws would
let dangerous blacks move into white neigh-
bourhoods. “Law and order” became the rally-
ing cry of right-wing politicians, above all
Richard Nixon, who rode that fear right into the
White House.

But during the Clinton years, for reasons
nobody fully understands, the wave of urban
violence receded, and with it the ability of politi-
cians to exploit Americans’ fear. _

It’s true that Sept. 11 gave the fear factor a
second wind: Karl Rove accusing liberals of
being soft on terrorism sounded just like Spiro
Agnew accusing liberals of being soft on crime.
But the GOP’s credibility as America’s defend-
er has leaked away into the sands of Iraq.

Let me add one more hypothesis: Although

. everyone makes fun of political correctness, I’d

argue that decades of pressure on public fig-

‘ures and the media have helped drive both

overt and strongly implied racism out of our

~ national discourse. For example, I don’t think a

politician today could get away with running
thc infamous 1988 Willie Horton ad.

Unfortunately, the campaign against misog-

yny hasn’t been equally successful.

By the way, it was during the heyday of the
baby boom generation that crude racism
became unacceptable. Obama, who has been
dismissive of the boomers’ “psychodrama,”
might want to give the generation that brought
about this change, fought for civil rights and
protested the Vietnam War a bit more credit.

Anyway, none of this guarantees an Obama
victory in November... Racial division has lost
much of its sting, but not all: You can be sure
that we’ll be hearing a lot more about the Rev.
Jeremiah Wright and all that. Moreover, despite
Hillary Clinton’s gracious, eloquent concession
speech, some of her supporters may yet refuse
to support the Democratic nominee.

But if Obama does win, it will symbolize the .

great change that has taken place in America.
Racial polarization used to be a dominating
force in our politics — but we’re now a different,
an ' better, country.

(This article was written by Paul Krugman of
the New York Times News Service - c.2008).















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Treated like
dumb animals
for too long

EDITOR, The Tribune.

. I shall be grateful if you
would give me a small space in
your paper just to publish a bit
of information for the attention
of those responsible to do some-
thing about it; hoping that some
changes or improvement will
take place.

The people of Mayaguana
have been treated like dumb
animals for far too long.

Our mail boat service is very
poor; often one doesn’t know
when or even if it will come.

The Bahamasair service is
very poor. Mayaguanians are
treated as if we are insignificant
and often pushed aside giving

preference to Inagua. We often .

have to wait for long protracted
periods to travel on Bahama-
sair, even though sometimes the
needs are urgent.

ZNS Radio signals are
almost none existent, although

LETTERS

rs@tribuinemedia, net



we have had fiber optic cable
coming into the island for
almost two years; but no distri-
bution to the residents. We can-
not hear the news in our own
country; and if one don’t have a
satellite system, to enable them
to view the foreign news, we are
virtually out off (news wise)
from the rest of the modern
world. :
Imagine, we are in the Hur-
ricane season and cannot rely
on the radio communication to
keep residents informed of a
potential or imminent hurricane
threat to the island. As for
Cable Bahamas services that
was supposed to have been
extended to all the major

Bahama Islands, it’s as if we are
a little uninhabited cay, as there
has been not even a mention of
such in recent years. Certainly,
no positive movement that we
can see or even hear of.

This situation has existed for
far, far too long with no action
from those responsible. I
believe, because Mayaguanians
are too passive and have kept
quiet about this vexing situa-
tion.

I sincerely hope that those

responsible will please for ‘1;

God’s sake do something to
improve this: situation for
Mayaguanians and don’t allow
us to continue to suffer.

A CONCERNED
MAYAGUANIAN
Abrahams Bay,
Mayaguana,

June 3, 2008.

Sense of total chaos was s the
inspiration for ‘Our Bahamas’

EDITOR, The Tribune.

“Our Bahamas” (below) was
inspired by recent shootings,
stabbings and near riots in and
around our country’s capital
and hearing these discussed by

Michael Pintard, his guests and-
the public on, The way For-

ward. “Our Bahamas” resulted
from my feeling troubled to the
core, by a sense of and fear of,

‘total chaos. My wish is to inspire

a turn around or to invite us all
to prepare for mayhem and for
the worst.

Obediah Michael Smith.

EDITOR, The Tribune.

; Our Bahamas

another Black country down

' the drain

is Solomon Kerzner begin-

' ning

to rethink his investment

Paradise Island - so near by it,
all around it, slum

oasis of wealth, of the best
life has to offer, in the midst of
squalor

towers going up, people and

* standards

going down, going way down

going out fast - cork pulled
3 {







oe we

wo








out,
baby and the bath water,
down the drain

how do these - why do these
countries fail inundated by
garbage from the First World

technological gadgets, guns,
coupled with programming,
films, shows, songs

and we.think, attached to
these things

we’re modern, with it, when, |.
May, 2008.

instead

with modernity in hand, we
are being wiped out

buttons in hand to click our-
selves into extinction

another Black country down
the drain

destabilized, its legs knocked
out from under it.

. OBEDIAH MICHAEL

SMITH
Nassau,

Political epiiaph of Obama

EDITOR, The Tribune.

HAS the rush of the Junior Senator of Illinois, Senator Barak
Obama been eclipsed by the bru-ha-ha of Trinity Church Chicago?

There cannot be any doubt that after attending this church, he
admits he found his Jesus there, was married and christened his chil-
dren and suddenly because the Focus Groups and the Political
Pollsters‘tell him, Senator Obama, distance yourself and with a swift
announcement his 22+ years of worship goes straight down the drain
and he resigns his membership tells everyone a lot about the man.

This indicates very, very much the character of the Junior Senator
and will haunt him til and after November 2008 if you have not for-
gotten there will be a US general election then.

Under fire if you believe and are a man of faith and belief you
stay strong and loyal to your beliefs.

The political epitaph of Senator Obama in political terms has
been written in this Chicago Church with his resignation.

JOHN MORRIS
Nassau,
June 1, 2008. .

NOTICE is hereby given that KELLY DORCELEY of
NORTH PALMETTO POINT, ELEUTHERA, 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 3RD day of
JUNE 2008 to the Minister responsible for Nationality and
Citizenship, P.O.Box N- 7147, Nassau, Bahamas.

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THE TRIBUNE

LOCAL NEWS

TUESDAY, JUNE 10, 2008, PAGE 5



Tourism Ministry to develop special de deals

Bid to appeal to cash-strapped US consumers

THE Ministry of Tourism is
partnering with the private sector
to develop special deals which will
appeal to the cash-strapped Amer-
ican consumers.

Soaring oil prices, steady
increases at the grocery store and
the sub-prime mortgage crisis have
many American travellers in
search of bargains.

To attract those hardest hit by
the US’ economic woes, the Min-
istry of Tourism, in conjunction
with the private sector is inventing
new incentives to increase arrivals
to the Bahamas.

Before there was even talk of an
impending recession by American
policy makers and the media,
Bahamian tourism officials — both
private and public — say they saw
the softening in the US economy
and began thinking of ways to
ensure that the Bahamas retained
or increased its market share in
what has become a fiercely com-
petitive industry.

“We are very aware of the sig-
nificant developments currently
playing out in our major market
and the Ministry of Tourism and
Aviation, in conjunction with the
private sector, has collaborated on
strategies to address the situation
head on,” said Vernice Walkine,
director general of Tourism. ~

Some of the strategies devel-
- oped include attractive marketing
incentives such as three-night spe-
cials on Nassau/Paradise Island
and Grand Bahama for $299; $200
rebates also on New Providence
and Grand Bahama; “kids-stay-
free” specials, and “first- and
fourth-night-free” deals.



principles,



Send resume to:



‘Director of Human Resources
P.O. Box CB-13005

E-mail: CMajor@grp.sandals.com

These special offers have been
advertised on American television,
radio, in print and on numerous

web sites. The ministry and the -

promotion boards say they have
also engaged with on-line travel
distributors such as Travelocity,
Expedia and Orbitz in “aggres-
sive” co-operative campaigns, as
well as with tour operators, such as
Liberty/GoGo and Travel Impres-
sions.

“We are seeing:a strong ten-
dency to book during a short win-
dow prior to date of arrival, which
makes it difficult to make occu-
pancy predictions but we are
very pleased with the
results of our recent
offers,” Fred Louns-
berry, CEO of the
Nassau Paradise
Island Promotions
Board said. .

Grand Bahama &
Island’s Tourism Board %
executive, James Turn- ‘4
er, said he is very pleased *
with the response by US %
consumers to the special
offers.

“Obviously, they are seeing *
a value proposition and
jumping to take
advantage of
offers which
have limited
booking win-
dows,” he
said.
Hartman,

Sandals Royal Bahamian Resort & Offshore Island

Invite application for the position of

FINANCIAL CONTROLLER |

Must posses knowledge of the application of sshicrally accepted accounting
internal control systems and computerized systems,
and willingness to train, counsel and coach employees, proven ability
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existing procedures related to existing systems or new systems and the
re-engineering of existing ways of doing business to facilitate improvements
in productivity as well as strong leadership in areas of responsibility.



The successful applicant must have a minimum of 10 years of progressive
experience in the Hotel Accounting or related field) A Bachelors
degree in Accounting or Finance with a CPA certification is required.

Interested persons should submit resume by email to:

president of the Bahama Out
Island Promotions Board, said he
is confident that the greater col-
laboration he is witnessing
between the private sector and the
government will be of great bene-
fit.

“With the assistance of Ministry
of Tourism and Aviation, we have
been able to redesign our website,
create new online and print ads

and have
































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Email. info@theskincentre.com



placed these in magazines, news-
papers and select websites result-
ing in enormous spikes in leads
being generated for our hotels
members,” he said.

Ms Walkine said that the
already close relationship between

her ministry and the private
sector has now become even clos-
er.

“Recently, we have joined
forces even more. We have
increased the schedule of meet-

and representatives from major
resorts like the Cable Beach
Resorts, Sandals, Westin and Sher-
aton Our Lucaya, Atlantis and
Four Seasons.

“Additionally, task forces
designed to address specific issues
facing the industry such as airlift
and workforce development are
now in place,” she said.

| HONDA CRV | HONDA CIVIC

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PAGE 6, TUESDAY, JUNE 10, 2008

THE TRIBUNE



. LOCAL NEWS

Robbers hold up
Commonwealth Bank

KEMP'S FUNERAL HOME LIMITED

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

eS ie

MRS. OCTAVIA JEAN
HIGGS

of Blair Estates,
Nassau, N.P., The
Bahamas will be held
at Ebenezer Methodist
Church, East Shirley
Street, Nassau on
Thursday, 12th June,
2008 at 3:30 p.m.













The Rev. Charles New
will officiate and interment will follow in
Ebenezer Methodist Cemetery, Nassau..





Mrs. Higgs was predeceased by her daughter,
Veronica L. Higgs, and is survived by her.
husband, Gordon P. Higgs;
a brother-in-law, Kingdon Higgs and family
(Harbour Island); nephew, Eugene Higgs and
family; niece, Claudette Lowe and family;
other relatives, including Patricia Cash and
family (Harbour Island), Andrew Cash and
family, Tom and Alberta Campbell and
family, Marcian Cash and family (Florida);
many dear friends, especially Una Sawyer
and family, Florence Carey and family, Freda
Hall and family, her caregiver, Susan Jarrett,
Bill and Penny Hogg, Ian and Ann Lever
and Brian and Tonya Russell.















Instead of flowers, donations may be made
to The Salvation Army, P.O.Box N. 205,
Nassau in Memory of Mrs. Octavia Jean
Higgs.





Arrangements by Kemp's Funeral Home
Limited, 22 Palmdale Avenue, Nassau, N.P.,
The Bahamas. Agee





Q THE WORLD

VACANCY

FROM page one

lord’ because she had just
moved from in front of that
same male teller,” Mrs Fergu-
son said. Mrs Ferguson said that
she immediately got to the
ground.

According to Chief Superin-
tendent Glen Miller head of the

Central Detective Unit, police
received a report of the hold up
around 11.46 am. Mr Miller said
that both of the robbers were
reportedly armed with hand-
guns and one of them jumped
over the counter and demanded
cash. Mr Miller said that nei-
ther of the gunmen wore masks
during the hold up.

“They were unmasked apart
from one of the culprits wearing
a pair of dark shades and a tam
with rasta locks which appeared
to be one that you would buy

_. from a shop,” he said.

According to reports the
bank was crowded at the time
of the robbery. Mr Miller said
that fortunately no shots were

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fired and no one was hurt. One
individual, reportedly a bank
employee shaken by the attack,
was taken away by ambulance.

Mr Miller said that police
were getting “good” informa-
tion. They were also using the
bank’s surveillance footage and
composite sketches in their
investigation. Mr Miller said
that yesterday’s incident was
the first bank robbery for the
year.

Supt Wayne Miller officer in
charge of the Carmichael Road
division said yesterday said that
police intend to increase their
visibility in the area.

“We will increase or visibility
in this area to ensure that cus-
tomers and staff feel safe during
this period. We assured them
that we will continue to be mon-
itoring them and to continue
patrolling, the banks in the
area,” Mr Miller said yesterday.

Teen reportedly
raped after man
forces his way
into family home

FROM page one

area, Chief Superintendent
Glenn Miller said.
"There was arape this morn- .
ing. A 17-year-old of Nassau
Village around 1 am reported
(to her family) that she was
raped. The father gave chase of
the culprit after it was reported
to him and a number of con-
cerned citizens who observed
what was going on assisted in
the chase and arrested a man
who's now in custody." — .
CSP Miller said the alleged
attacker forced his way into the
home through a window. While
police investigations are con-
tinuing, police say there is no |
information to suggest that the
victim knew her rapist.
Although traumatised by the
ordeal, the victim.is in "pretty
good shape", CSP Miller said.
A 28-year-old resident of
Lewis Street is assisting police
with their investigations.




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THE TRIBUNE

TUESDAY, JUNE 10, 2008, PAGE 7



LOCAL NEWS he 4
AE ail El Fa -

Salvation Army School for the §

Blind student makes history

A 17-YEAR-OLD student of
the Salvation Army School for the
Blind has made history by becom-
ing the Ministry of Tourism’s first
visually impaired foreign language
cadet.

While Rickia Arnette sees her-
self as.an ordinary teenager, others
see her as someone who accom-
plishes extraordinary things every
day.

In an addition to. becoming a
language cadet, she is also the first
visually impaired intern to work
with the conference services at the
Atlantis Paradise Island resort. .

Rickia’s foreign language jour-
ney began at the age of nine, when
she received a scholarship to
attend the Spanish Centre where
Sandra Clarke teaches.

Ms Clarke introduced her to the
Spanish language and this has
sparked her love for many lan-

_ guages.

Now, Rickia has finished the
first portion of the foreign lan-
guage cadet programme, which
trains high school students to prop-
erly employ foreign languages in a
variety of situations, including
tourism scenarios.
~ In July, the programme will take
her to Costa Rica for a four-week

immersion exercise.

“It’s an excellent programme
and it gives young people a chance
to learn a second language and its
origin,” Rickia said.

“It gives us an opportunity to
meet persons outside of the

Bahamas and it helps us to build a

relationship with them where we
can promote the Bahamas.”

Training

In the midst of a busy training
programme, Rickia is also com-
pleting her 40-hour volunteer
internship at Atlantis, where she
gets to practice Spanish and assist
visitors.

“Learning a second language is
important because the Bahamas is
becoming a mixing bowl every
day,” she said.

“As we develop, we find that a
lot of our visitors speak Spanish
or another language. I’d like to
further improve my communica-
tion skills in Spanish because I
want to be able to communicate
with the visitors and make them
feel at home to keep them coming
again.”

In addition to Spanish, Rickia
has set herself the goals of learning

French, German, Italian, Chinese
and Creole.

She hopes to become an inter-
preter and assist visitors, includ-
ing those who may be visually
impaired.

Maria Deleveaux, principal of
the Salvation Army School for the
Blind, said Rickia has the right atti-

“tude to succeed in whatever she

decides to do.

She described Rickia as an inspi-
ration to her other students.

“Rickia loves to share, so she
shares all areas with the students,”
Ms Deleveaux said.

“To the little ones, she is like
their mother. The older ones, she
would try to help them the best
she can, even though sometimes
she‘is rejected by them. Some-
times, they treat her really (harsh-
ly), but she never gives up. She
would still be there for them when
they need her, and she’s still there
smiling through it all.”

SAVE



Arawak Cay|

Royal Island (Bahamas) Limited

INVITATION FOR EMPLOYMENT

Royal Island (Bahamas) Limited, the developers of the Royal Island
Resort and Residential Project, just off North Eleuthera wish to fill
the following position: ;

Electrical Superintendent ;

This position will oversee the construction and installation of the
island-wide electrical systems Royal Island Bahamas.

The Qualified person will be able to run underground conduits, install
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of the designed electrical system. Primary responsibilities include
direct supervision of the electrical contractors, trouble shooting,

’ planning work, maintain jobsite safety, prepare daily construction
» Feports and to, participate, in, weekly.construction meetings. Position. ...|

tp ~ requires the candidate to create and process contract directives,to be . .. |.

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in maintenance and repair of electrical equipment in a commercial
industry is better. Local candidates preferred. IMMEDIATE
INTERVIEWS for qualified applicants.

Qualifications and Experience:

‘

The individual must have a minimum of fifteen (15) years of trade
experience in the electrical field. Applicant must demonstrate strong

leadership and excellent communication skills.

The successful candidate will be required to work on Royal Island

Bahamas.

Interested persons should submit their resumes with cover letter to:

Fax to: (954) 745-4399
Or

Email to: aileen.miller @royalislandbahamas.com

Royal Island (Bahamas) Limited thanks all applicants for their
interest, however only those candidates under consideration will be

contacted.









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Rickia said that she has had sup-
portive people in her life to keep
her motivated and focused.

She lists her biggest supporters
as Ms Deleveaux, her Spanish
teacher Ms Clarke, her homeroom
teacher William Lightbourn and
her entire family.

“My mother picks me up when’
I’m down and she encourages me
to.keep studying and staying
focused,” she said.

Rickia is determined to accom-
plish all of her goals.

In the near future, she plans to
study foreign languages at the Col-
lege of the Bahamas, live in Mexi-
co or Spain for up to two years,
work as an interpreter for the Min-
istry of Tourism and transcribe

documents into Braille for visually -

impaired visitors.

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MARIA DELEVEAUX, principal of the pavatan Army School for the
Blind, and Rickia Arnette.


PAGE 8, TUESDAY, JUNE 10, 2008

THE TRIBUNE



Suspect questioned ©

Twin engine aircratt |
FROM page one

on the aircraft suddenly failed, resulting in the pilot turning
around and descending in an attempt to land on South Bimini,”
said Chief Superintendent Rahming. “However, as he was
approaching South Bimini, the left engine also failed, causing
him to ditch the aircraft into the sea, about a half mile south of
the tip of North Bimini, opposite the Bimini Sands Resort.”

Reportedly, Chief Councilor Tasha Bullard-Rolle, with oth-
er persons who saw the aircraft going into the sea, immediately
dispatched several boats to the scene, one of which rescued Mr
Aranha and ferried him ashore at the Bimini Sands Marina.
The aircraft, however sank to the bottom in about 35 to 40 feet
of water.

‘“A local diver was able to retrieve the pilot’s personal
belongings and the flight documents from the sunken plane,”
Chief Superintendent Rahming said.

“The Civil Aviation Department out of New Providence,
along with the National Transportation Safety Board in Wash-
ington, DC, will be conducting an investigation into this inci-
dent,” he added.

COMMONWEALTH BANK

Employment O
Assistant Manager Recruitment,
Human Resources

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

Commonwealth Bank is presently considering applications on
Assistant Manager Recruitment, Human Resources.

CORE RESPONSIBILITIES INCLUDE:

® Actively recruiting staff through job fairs, focused advertising and
in house posting

® Overseeing the testing of applicants

® Screening / interviewing of applicants

© Performing all background. checks, obtaining references and

' transcripts on potential candidates

* Preparing job letters, job descriptions and other new hire forms
and documents

® Conducting the welcome and familiarization program for new
hires

® Overseeing the Bank’s Employee Referral programi

® Maintaining the HR. Database

® Preparation of HR reports

® Setting annual objectives for direct reports and appraising their
performance semi annually

© Training and coaching of direct reports

® Promoting and maintaining excellent customer service

QUALIFICATIONS, SKILLS AND EXPERIENCE:

Candidates must meet the following criteria:

® Possess a Bachelor’s Degree or higher in Human Resources or
in a related discipline from an accredited University

® Minimum of five years experience in Human Resources with a
minimum of two years experience in recruiting

© Excellent interpersonal skills

® Proficient in the use of the Microsoft range of applications

© Excellent communication, analytical and reasoning skills

© Excellent organizational and time management skills

® Team Player with the ability to add value and strength to the
team and team goals

® Honest, hardworking and ability to meet deadlines

REMUNERATION PACKAGE: ;
Commonwealth Bank is a Great place to work! We offer an
exciting work environment with the opportunity for growth and
development. We also offer a competitive compensation package,
reflecting the successful applicant’s experience and qualifications,
including a performance based incentive plan, health, vision,
dental and life insurances and a pension plan.

Qualified individuals should submit complete resumes before
June 13, 2008 to: ,

Human Resources Department
Re: Assistant Manager HR
P.O. Box SS-6263
Nassau Bahamas
Telefax: (242) 393-8073
E-mail address: hr@combankltd.com

©2008 CreativeRelations net

“Commonwealth Bank sincerely thanks all applicants for their
interest in becoming a part of our Bank, however, only those
under consideration will be contacted.”



FROM page one

persons of interest who came
up. We brought them into cus-
tody we questioned them, and
persons were released. We
don’t at this point, we don’t
have sufficient evidence to
(bring) a charge against any-
body.

“But certainly as informa-
tion comes about we are
bringing persons in and we are
questioning them.”

Some have expressed doubt
that police will solve the
crimes because they all
involve gay men. Extreme

homophobia in the Bahamas

makes it risky for homosexu-
als to come forward and pos-
sibly testify, as being ‘outed’
can have, serious personal
and PLotessiong! conse-
quences.

“Of course they will be

_ solved. Of course they will

be,” answered Mr Miller in
response to a question on the
likelihood of resolution to
these killings that have capti-
vated the country. “I am con-
fident that it is a good team
that is working on them. Cur-

. rently, there is an incident

room. We have teams of offi-
cers working on these matters
as we speak and I feel good
with the people that are work-
ing them.”

Mr Wilson, a 32-year-old

in gay man’s murder

Jamaican, was stabbed to
death with a sword or large
dagger last Tuesday at his
Rusty Bethel Avenue apart-
ment near ZNS.

Mr Adderley had his throat
slashed several weeks ago at
his Delancey Street apartment
just across the street from the
old Buena Vista restaurant,
which is just a few hundred

yards from the two sites where |

Dr McDonald (Queen’s
Street) and Mr Taylor (West
Hill Street) were killed in
November 2007.

FROM page one

of Assembly yesterday.
“Confronting the challenges of food security
must be a collaborative effort. While our main

- thrust is to improve the commercial viability of

the agricultural sector, we also believe that...we
should encourage all Bahamians to define a role
for themselves in reducing their food costs and
their vulnerability to imports,” he said.

“This government believes we must return to

days when householders grew a little something °

for themselves in their backyards: We must get
back to basics.”

A pilot “urban backyard garden programme”
will be put into motion, involving 100 households
in New Providence.

After being presented with backyard growing
kits put together by.the Bahamas Agricultural
and Industrial Corporation, selected residents’
progress will be monitored over a three-month
period.

“Participating residents will each be encour-
aged. to devote a minimum of 30 square feet of
yard space to producing two to four crops a
year...the backyard kits will consist of seeds, soil
nutrients and basic planting and crop care infor-

. mation,” said Mr Cartwright.

He added: “By simply growing two cycles of

Food growing projects

tomato, cucumber, sweet pepper and cassava the
average household would have significant sav-
ings per annum.”

Mr Cartwright added that as a part of the gov-
ernment’s new “residential fruit tree programme”
he anticipates his ministry being able to distribute
free of charge various fruit trees, with basic care
instructions, to “householders, schools and pure
lic entities” by October.

“It will be good for our health and environ-
ment (and) will provide a basis for domestic and

. commercial consumption,” he said.

Meanwhile, school gardens will be established
this year as part of a three year programme

. intended to get more young people involved in

efforts to secure Bahamian food supplies i in the
longer term.

Planted gardens will play a part in encouraging
young people “to appreciate agriculture, nature
and the environment, and to impress on them
the critical importance of food security,” noted Mr
Cartwright.

He added that government also hopes the in-
school and residential initiatives will assist gov-
ernment in “demonstrating the viability of tech-
nology driven agriculture.”

§ Make your weekends work for you! Earn

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New classes are forming now. Call Success for registration and program details. 324-7770

The Bahamas Telecommunications Company, Limited (BTC)

GOVERNMENT NOTICE

Invitation for Proposals

The Bahamas Telecommunications Company Limited (BTC) is soliciting proposals
from qualified parties fo provide a “War Gaming Proposal”.

BIC is seeking fo secure the services of a consultant or agency to analyze the opera-
tional and marketing performance and strategies of BIC with respect fo its mobile
market segment. The agency or consultant is expected fo provide a proposal that
will introduce a “dummy” company by the name of Megacell into the marketplace
with the primary purpose of penetrating BIC’s mobile customer base.

Megacell will develop a full marketing and product roll out selon? fo be imple-
mented in a virtual environment. It should include the following:
* Launch plans and related collateral and activilies =.
¢ Budgetary provisions for all marketing activities
¢ Marketing collateral geared to specific and ongoing promotions, specials, and

other differentiators

¢

* Pricing of goods and services, including seasonal pricings

¢ Strategy for corporate sponsorship and corporate civic citizenship

¢ Wholesale and Retail Distribution strategy, including third party licensed retailers
and/or handset subsidies and pricings as may be applicable.

« Customer care strategies, including specific strategies for customer acquisition

and retention

¢ Strategies(both formal and informal) for managing and influencing the regulatory
environment and for competitor and market intelligence gathering

Interested parties may obtain further information, including eligibility to participate
as of May 26, 2008 from the BIC Marketing Department, Bay Street, Nassau, Baha-

mas.

Any queries should be directed to Eldn Ferguson, eferguson@btcbahamas.com i

242-302-7540,

Please respond fo this RFP by no later than July 8, 2008 addressed to:

Mr. Kirk Griffin

Executive Vice President
The Bahamas Telecommunications Company Limited
P.O, Box N-3048

John F. Kennedy Drive
Nassau, Bahamas

Proposals will be opened 12 Noon, July 11

, 2008, BTC Marketing Office, Bay Street.

BIC reserves the right to reject any or all proposals.



Bimini residents
delegation wants
‘attacks’ against
development

to end

FROM page one

ley Saunders, a local govern-
ment councillor for Bimini
and Cat Cay, in a petition
with 300 signatures delivered

to the prime minister’s office

yesterday.

Opponents to the Bimini
Bay Resort, who claim
that it is destroying the
habitat on the island, have ©
established two websites
detailing the environmen-

tal degradation they think

the development has
caused. They accuse the
development, which is led
by Gerardo Capo, of cut-
ting down, filling in and
destroying the rich man-

* grove ecosystem of Bimini.

Mr Saunders, in an
interview at The Tribune,
accompanied by nine other
Bimini residents, said that
the repeated attacks on
the resort puts at risk the
jobs of the numerous
island residents who make
their living from the
resort, either directly or
through economic spin-
offs.

The international envi-
ronmentalists who have
kept up a sustained attack
on the resort, said Mr
Saunders, “have no vested
interest in Bimini and no
interest in the welfare of

_ children.”

The negative talk on the
websites can damage the
economy of the island by
anaking tourists wary of
coming to the island, he
said.

“Because once the
tourists see this bad nega-
tivism on the Internet,
they’ll go to other destina-
tions.” .

Straw vendor Carmen
Dames, who was one of
the residents from Bimini
in the delegation, spoke to
the’beriefits she thinks
lowal merchants recetve
from the development.

“The resort has made
purchases very good for
Bimini, you know, down in
the market. We were.
doing very good, especially
during the weekends when
they’re (the resort) full.
They (tourists) flow down
to the market and pur-
chase the souvenirs and
Bimini bread and conchs
and lobsters and every-
thing else they can have
that they want,” she said.

In a two-page article
that recently appeared in
“Diver” magazine, Jean-
Michael Cousteau, grand-
son of ocean explorer
Jacques Cousteau, strong-
ly criticised the Bimini
Bay development.

“Unless something is
done soon to develop a
more sustainable plan that
safeguards the habitat, it
will soon be bulldozed for-
ever. The Capo Group
plan to expand Bimini Bay
in favour of more condos
and a golf course in Phase
II. If Bimini Bay is to be
saved, Phase II must be
stopped,” he said.

Another vocal foreign
voice is Dr Samuel Gru-
ber, head of the Bimini
Bay Biological Field Sta-
tion — referred to as the
Shark Lab. He is a
University of Miami pro-
fessor.

Mr Saunders said that
he too is concerned about
the environment in Bimini
and is of the view that the
government should estab-
lish a Bimini Land and Sea
Park (BLSP), a protected
land and marine area on
East Bimini, under the
management of the
Bahamas National
Trust.

“T truly feel that the
quicker the BLSP is imple-
mented, all the name call-
ing and stone throwing
between the proponents
for the mangroves and the
proponents for the devel-
opment will cease,” he
said in a document
expressing his views on the
environmental measures
needed to protect the
island.

“Also the sooner BSLP
becomes a reality, that
portion of land becomes
out of reach of land specu-
lators and real estate
developers for good.”

Phase II of the develop-
ment includes a luxury
Conrad Hotel.
THE TRIBUNE

TUESDAY, JUNE 10, 2008, PAGE 9



Atlantis team
conducts coral
reef clean-up

IN COMMEMORATION
of World Ocean Day on Sun-
day, the Atlantis team initiat-
ed an extensive coral reef
clean-up exercise.

The event was spearheaded
by vice president of water fea-
tures, Michelle Liu and direc-
tor of marine aquarium oper-

ations, Dave Wert.
' A team of 14 scuba divers
and two on-board crew mem-
bers set out on Atlantis’ “Sea
Keeper” to help dig up the
piles of debris that cluttered
a struggling coral reef off the
eastern end of New Provi-
dence. This is the first time

that Atlantis has orchestrated |

a clean-up of this magnitude.
“We recently discovered a
reef with a heap of garbage in
one spot. In order for the reef
to grow you can’t have for-
eign objects on it. By remov-
ing the debris we’re giving the
reef an opportunity to flour-
ish,” explained Michelle Liu.
Once at the spot, the 14
divers put on their scuba gear,
jumped in the water, and got
to. work combing the 45
square foot area in search of
the unwanted debris. It didn’t
take them long to find it.
Within minutes they could be
seen hauling large orange bas-
kets filled with bottles back to

Albany begins

the boat. In addition to the
bottles, they also found tyres
and old wire, all believed to
have come from a sloop that
may have gone down in the
area decades ago. It took the
divers just two hours to fill
three large blue bins with
more than 1000 bottles and
three tyres.

“I think we did a good job.
We managed to get most of
the bottles and all of the tyres
up,” said Dave Wert.

Thursday afternoon’s clean-
up exercise is just one of the

many ways that Kerzner Inter- |

national has become a lead-
ing environmental steward.
Recently, The Blue Project —
an initiative meant to restore
dying coral reefs — was estab-
lished as well as a number of
other ocean conservation pro-
jects.

“People don’t realize that
what we’re doing on land is
destroying our marine envi-
ronment,” explains Liu.s

She hopes that this “World
Ocean Day Coral Reef Clean-
up” will help encourage other
Bahamians to continue the
trend of keeping our waters
clean.

By doing that, we’ll guaran-
tee its sustainability into the
future, she said.

a summer

internship .
: MY ogra ;

Development seeking interns





- ALBANY has developed a summer internship programme
through which Bahamian students can gain hands-on experience
in several areas of the $1.3 billion resort community.

Open to students grades 11 though college, the programme
focuses on three main fields associated with Phase One of the
development: construction management, environmental man-
agement and golf course development.

The internship is running from June through August 2008.

“With construction at Albany under way, we have worked to
strengthen and promote the use of Bahamian skilled labour and
with this goal in mind, we wanted to open our business to allow
Bahamian youth to work hand-in-hand with local and interna-
tional contractors,” said Christopher Anand, managing director
of Albany. “This programme is of great importance to us as we
strive to be a positive force in the Bahamas.”

Resort

Albany is a luxury beach resort community spanning 565
acres on the southwestern coast of New Providence being devel-
oped by Tiger Woods, Ernie Els and Tavistock Group.

The development is located between Adelaide Village and
South Ocean Golf Course and will include a luxury boutique
hotel, mega-yacht marina, equestrian centre, state-of-the-art
fitness centre with lap pool, spa, tennis centre, water park,
adult pool and an 18-hole championship golf course designed by
Ernie Els.

“As The Bahamas continues to develop, preat care has to be
taken to ensure that the next generations of Bahamians have the
best opportunity of benefiting through first-hand experience and
international exposure to new techniques and methodologies,”
said Ms Rochelle Newbold, programme co-ordinator.

@ ALBANY INTERNSHIP PROGRAM 2008
Scope of Work

Construction Programme:

Each intern is mentored by a project manager or senior pro-
ject engineer, who will guide and supervise them in accom-
plishing their assigned responsibilities and training.

Interns are exposed to the local style of construction as a
business while receiving a hands-on introduction to the world of
construction management. Each intern is placed on one of our
many construction projects related to the amenities identified in
Phase One of the Albany development. The experience gained
will depend on the type of project to which each intern is
assigned and the construction phase i in which they enter the pro-
ject.

Environmental Programme:

Each intern is mentored by a project manager or senior pro-
ject engineer, who will guide and supervise them in accom-
plishing their assigned responsibilities and training.

The interns will work on a combination of special projects and
provide administrative support. Special projects will include
work related to the development’s Environmental Impact
Assessment (EIA) and Environmental Management Plan
(EMP) mitigation requirements.

Golf Course Programme:

The interns will work on a combination of special projects and
provide administrative support. The golf course programme
- will deal primarily with the development of the 18-hole cham-
pionship golf course.

SOME OF the debris cleared in the clean-up operation. :

Saffrey Square
Bay Street

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PAGE 10, TUESDAY, JUNE 10, 2008







| TUESDAY EVENING JUNE 10, 2008 |

| 7:30 | 8:00 | 8:30 | 9:00 | 9:30 | 10:00 | 10:30

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THE TRIBUNE

er







Let Charlie the
Bahamian Puppet and
his sidekick Derek PHT

some smiles on your 4 ;
[if

kids’s faces ;











Bring your childven.to the

McHappy Hour at McDonald’ sin
Palmdale every Thursday _

from 3:30pm to 4:30pm during the’ a |
month of June 2008. a











Enjoy Great Food, Prizes and Lots of Fun








i'm lovin’ it
Sh

TUESDAY, JUNE 10,

2008

INSIDE ¢ International sports news



Golf Federation to stage

@ By BRENT STUBBS
Senior Sports Reporter
-bstubbs@tribunemedia.net

THE Bahamas Golf Federation has
been forced to change its selection
process for the 52nd Caribbean Ama-
teur Golf Championships.

According to first vice president
Craig Flowers, the BGF will stage an
open trials over three days this week-
end for all players interested in travel-

ing to the Cayman Islands the first _

weekend in August.

Flowers said. the federation finds itself
in a tough situation with hardly any of
the facilities available to compete on. So
Flowers said they have no other choice

’ but to compact the trials into a one-

shot deal. “It impossible for us to have
qualifying rounds plus the final trials,”
Flowers revealed. “So we have decided
to go right into a final round with an
open field.”

Any player interested in participating
must be a financial member of the BGF

and willing to pay the entry fee of
$400.00 for 72 holes, which will be
spread over 27 holes on Friday and Sat-
urday at the newly constructed Blue
Shark Golf Course at South Ocean and
18 at the Lyford Cay Golf Course.

“The difficulty that we have is the
fact that we didn’t have sufficient time
to notify the players away in college to
compete in this event this weekend,”
Flowers lamented.

“A lot of them have made other
arrangements to compete in their col-
lege events because in talking with
them, they prefer to compete in their
meets where the competition is expect-
ed to be greater than it would be in the
Caymans.”

The way the trials will be set up,
Flowers said the players wiil partici-
pate in the first 18 holes for the first
round on Friday, followed by nine holes
to start the second day.

They will come back on Saturday to
compete the nine holes for the second

round before going into 18 holes for ©

the third day of competition.

Both Friday and Saturday will be a
progressive start at 8 a.m. On Sunday,
they will complete the trials with anoth-
er 18 holes with a progressive start at
12:30 p.m. ;

Following the trials, the final 14-
member team competing in five cate-
gories will be selected.

The team will be based on the Hoer-
man Cup for regular players (five play-
ers with the best four count each day);
Ramon Baez Trophy for Mid-Amateur
players 35 and older (two players, bet-
ter ball), Francis/Steele-Perkins for
seniors players 50 and older (two play-
ers, better ball); Higgs and Higgs super-
seniors for players 60 and older (two
players, better ball) and the George
Teale Cup for ladies (three players with
best two‘count each day).

“The greatest impact will be the fact
that we have players coming in from
Freeport on the first day of the trials,”
Flowers stated. “They have a lot of golf
to play. “I think playing 27 holes over

open trials this weekent

two days will test the endurance of all of
the golfers, particularly the senior and
super seniors, who don’t get that much
opportunity to play that much golf in
such a short space of time.”

Had the younger collegiate players _ |

come home, Flowers said the format
would have definitely favoured them.

But the way the format is set up, it will.

take its toll on all players.

“After the finals, the team will be
selected this weékend,” Flowers
stressed. “So we are encouraging any
and all players who are members of the

BGF and who wish to make the team to ~

come out and try out.”

Last year in the Dominican Republic,
the Bahamas was sixth in the battle for
the Arthur Ziadie Trophy, which is pre-
sented to the team that accumulates
the most points in all five divisions com-
bined. The ladies had the best show-
ing with a fourth place. The super
seniors came in fifth, the seniors were
seventh and both the mid-amateurs and
the regulars were’eighth.

Bishop to tee off at Commemorative Golf Classic

@ By BRENT STUBBS
Senior Sports Reporter
bstubbs@tribunemedia.net

ishop Jan Brath-
waite, now with
his time devoted
to pastoring the
Holy Dove Bap-
tist Church, is delighted to look
back and see how the game of

~ golf helped to groom him in

his younger days.

On Saturday, June 21 at the

Cable Beach Golf Course,
Brathwaite will get another
chance to display his skills as
he competes in his second
annual Commemorative Golf
Classic that will be staged as
a part of his pastoral anniver-
sary.
“This tournament is really
in aid of my mother, Loneva
Brathwaite, who is deceased.
She died from diabetes and the
Lord has impressed upon my
heart to give back to the
Bahamas Diabetic Association
and to the development of
junior golf in the Bahamas,”
Brathwaite pointed out.

“It’s a long time dream of
mine because I started out
playing around the golf course
at the age of three when my
father brought me out to the
Baillou Hills playing field,
which is now a softball field.
Now the Bahamas Golf Fed-
eration is building another golf
field on the opposite. But this
tournament presents an oppor-
tunity for golfers to golf for
God.”



BISHOP lan Brathwaite’s father, Godfrey, and young Godfrey in action
yesterday...

As a Bishop and pastor,
Brathwaite said he’s seeking

first “the kingdom of God,”

but he noted that golf has been
a love of his and he still play

occasionally. No doubt, Brath-
waite intends to test his skills
against a field of local and
international players.
Brathwaite’s father, God-

frey, said he’s been very proud
of his son, who surprised him
last year when he’honored his’

wife and the gesture brought...

“tears” to his eyes.

“I am happy to be associated
with and to help the Diabetic
Association because of all that
they did for my wife,” the
elder Brathwaite pointed out.

The former basketball, soc-
cer, tennis, cricket and field
hockey player said from the
day he got Bishop Brathwaite :
introduced to the sport by Ken
Francis, he became an ardent
player.

“T believe that not only me,
but a lot of people would like
to see their son grow up to be
Bishop, so I’m proud of him
and I’m hoping that this golf
tournament will do what it is
designed to do,” the elder
Brathwaite summed up.

In the first year, the tourna-
ment attracted about 15 teams.
But tournament director Rod-
well Knowles said that with
the way the tournament is
structured this year, they are
anticipating a much larger field
of competitors.

Knowles noted that it’s a
two-man scramble starting
with a shotgun start at 8 a.m.

Prizes will be presented to
the first gross, first through
third net and there is a $10,000
cash prize for the first hole-in-
one on the ninth hole.

“We want to extend an invi-
tation to all of the young peo-
ple, especially those in the
inner-city, to,come out and

watch the tournament and see
what it’ s all about, ae Knowles
stated:'

The, entiy fee is $125, which

includes lunch.

Chris Lewis, the pro golfer
at Cable Beach, said last year’s
event was truly a success and
they are anticipating this year
to be even bigger and better.

“We are keen on lending
our support to a good cause
that Bishop Brathwaite is fos-
tering,” Lewis emphasised.
“We will give him our full sup-
port and we look forward to
the event being another suc-
cess.”

As for a course, Brathwaite
revealed that the golfers may
be challenged by the renova-
tions taking place on the

course. But he insisted that

they shouldn’t be too con-
cerned because it will defi-
nitely be in great shape.

Bradley Cooper, president
of the Bahamas Diabetic Asso-
ciation, said they are once
again appreciative of the tour-
nament organisers for once
again considering them as part
recipients of the proceeds.

“We would like to encour-
age golfers around the country
who have somebody that is
tied into diabetes or know any-
body to come out and support
this event,” Cooper stated.
“It’s a great fun day and prob-
ably the cheapest tournament
that you will ever play in.”

Interested golfers can call
464-3356, 328-6119 or 325-3482
for further details.

Exxon Mobil performance just ‘the tip of the iceberg’

â„¢ By BRENTSTUBBS_
Senior Sports Reporter
bstubbs@tribunemedia.net

CHRIS ‘Bay’ Brown said his perfor-
mance at the Exxon Mobil Bislett
Games was just the tip of the iceberg.

Brown, 29, highlighted the perfor-
mances of Bahamian athletes over the
weekend when he lowered the men’s
national 400 metres record that he
shared with Avard Moncur with his
second place finish of 44.40 seconds.

American Jeremy Wariner stormed
back in the final 50 metres to avoid los-
ing his second straight race to clinch
the victory in a world leading time of
43.98. Brown is currently in third place

behind American LaShawn Merritt, |
who upset Wariner two weeks ago in

Berlin in 44.03.

“It was a pretty good race,” said
Brown, who actually led from the start.
“J felt good. I just want to give the Lord
thanks for giving me the strength to
pull it off. I finally got the record, but I

- really wasn’t expecting it.”

Brown, however, said he was pre~

pared to do whatever it took to hand
Wariner with another defeat.

“It was in the back of my mind. I
knew he was vulnerable, so I just want-
ed to take the race to him,” Brown
reflected. “But he proved that he just
wanted it a little more than me. At least
I showed him that I’m still there and he
needs to be concerned about me.”

Brown was referring to the fact that
he competed sparingly last year on the
European circuit and ended up going to
the IAAF World Championships in
Osaka, Japan where he finished fourth,
running out of lane eight.

“This year, I’m in a new training
camp and I’m learning how to run the
400 all over again,” Brown pointed out.
“So hopefully, I will be ready when the
Olympics rolls around. I just have to
get used to running 43s consistently
because that is what it’s going to take
for me to medal in Beijing.”

Before he gets to Beijing, China in
August, Brown has a date at the
Bahamas Association of Athletic Asso-
ciations’ Scotia Bank National Open
Championships and final Olympic trials

over the weekend of July 26-27 at the
Thomas A. Robinson Track and Beeld
Stadium.

And as the sole recipient on the
national record, Brown also puts him-
self in a position to have the field once
again come into the nationals, trying
to dethrone him as champion.

It’s a position that Brown gladly wel-
comes.

“It’s going to be a lot of fun because
we will have to go out there and give
the fans a run for their money,” Brown
lamented. “I’ve set the stage. Now it’s
up to everybody else to come and get
me. °

“TI have two weeks to fine tune my
race. I just hope that I can stay healthy
because I want to come home and run
well before the home crowd. Last year,
I did 44.88 to win and Olso was just my
third 400 for the year, so I know I’m
capable of running even faster.”

A number of other top athletes
proved that they are going to be tough
to beat in their respective disciplines
after their performances over the week-
end as well.

Also in Olson, World Champi-
onships’ silver medalist Derrick Atkins
clocked 9.98 to take the victory in the
men’s 100, well ahead of American
Mike Rodgers, who ran 10.04.

Atkins, however, trails a field of com-
petitors that is led by newly crowned
world record holder Usain Bolt of
Jamaica with his blistering time of 9.72

as he leans towards a sprint double in -

Beijing.

At the Prefontaine Classic in Eugene, '

Oregon, Leevan ‘Superman’ Sands
soared to a third place finish in the
men’s triple jump and Donald Thomas
opened his season with a fourth place in
the men’s high jump.

Sands, who had a best of 55-feet, 7-
inches, now sits in sixth place in the
IAAF ranking, which is headed by
Cuban Arnie David Girat with 57-5,
the same mark as Sands’ national
record. ?

Thomas, on the other hand, cleared
7-4 1/2. But with that being just his first
meet, it has not enabled him to crack
the top 30 barrier. American Dusty
Jonas is out front with 7-9.



Hundreds -
witness
birth of ‘08

Oy TLDy.IT

season on
BUeLUT haves)



























































































lm By RENALDO
DORSETT
Sports Reporter
rdorsett@tribunemedia.net

GOVERNORS HAR-
BOUR, ELEUTHERA —
Reminiscent of the softball
scene of yesteryear, the
2008 premiere of one of
the countries most storied
softball associations drew a
huge turnout of eager sup-
porters on opening night.

The Eleuthera Softball
Association began play last
weekend with a crowd of
hundreds on hand at Bay
Front Park to witness the
birth of the 2008 season.

In support of newly elect-
ed president Paula Johnson,
Bahamas Softball Federa-
tion executives; President-
Romell Knowles, First Vice
President-Burket Dorsett,
Second Vice President-Ted
Miller, and Treasurer-Ali
Culmer, were on hand to
endorse the league.

The most anticipated
event of the evening was
the matchup between the
defending ESA champions,
the Austin Knowles Rebels
from Sayannah Sound, for-
merly the DHL Delivery
Boys and last year’s runners
up, the Palmetto Point



Destroyers.
With a history of closely
contested matchups

between both teams, last
weekend’s contest did not
disappoint.

The 2008 Rebels sported
a new look after acquiring
the services of several new-
comers who have all played
at the National Team lev-
el.

Despite the additions of
Ricardo and Renaldo
Rolle, Greg Gardiner, and
Brian Neely, Daniel Gon-
zalez proved to be the
deciding factor in the game
with his overwhelming per-
formance from the mound.

Gonzalez tossed a no hit-
ter and struck out 15
Destroyers hitters’ en route
to the defending champions
Rebels’ 3-0 win.

Gonzalez held a perfect
game heading into the top
of the seventh inning, when
Gardiner’s error allowed
the Destroyers’ Andrew
Bethel to reach base.

The Rebels scored two
runs in the second inning
and added another in the
fifth inning for the winning



margin.

Bethel gave up just three
| hits in the loss.

In the women’s feature,
the Builders’ Square J.C
Jets defeated the Gover-
nors Harbour Big Timers,
11-6.

H. Green scored four
runs, while J. Johnson and
A. Demeritte scored two
runs each.

The Jets scored one in
the first inning, five in the
second, four in the third
and one run each in the
fourth and fifth inning.

The Eleuthera Softball
Association boasts six
men’s and three ladies
teams.



INSIGHT

For the stories

pratt mC mel Ce
read Insight
on Mondays


PAGE 12, TUESDAY, JUNE 10, 2008

TRIBUNE SPORTS



SPORTS



Andre Rodgers baseball
championships was ‘a
resounding success’

MVP of the gold medal game.

THE 6th annual Andre
Rodgers National Baseball
Championships, hosted by the
Bahamas Baseball Federa-
tion, was deemed a resound-
ing success by all accounts
with the six contested titles
netting four new champions.

Freedom Farm captured
three titles, Legacy Baseball
out of Grand Bahama took
two titles back to the nation’s
second city, while the Junior
Baseball League of Nassau
won the 12 and under title.

In the Coach Pitch division,
Legacy Baseball wrestled the

crown away from the defend- —

ing champions, Freedom
Farm, for a family island
squad title for the first time. ©

Freedom Farm had cap-
tured the title in both 2006
and 2007 and seemed poised
for a third consecutive win
before Legacy scored the go
ahead run in the bottom of
the sixth inning for the 7-6
win.

Myles Green was named
the MVP of the gold medal
game.

Legacy also took the 16-18
division as Desmond Russell
recorded an MVP winning
performance from the
mound.

Russell pitched six consecu-
tive scoreless innings after he
gave up two runs in the first.

Aneko Knowles’ solo home
run in the fourth inning gave
Legacy a one run lead en

. route to the 3-2 win over the
JBLN.

Freedom Farm’s three titles
came in the 9-10, 13-15, and
25 and under divisions.

In the 9-10 division, they

.won in convincing manner
over Grand Bahama, 11-1.

Myron Johnson was-:named










In the 13-15 division, Free-
dom Farm walked away with
a thrilling one run victory
over the Grand Bahama Lit-
tle League, 5-4.

They scored the winning
run in the bottom of the sev-

-enth inning as D’Andre Rig-

by was named the MVP.

In the 25 and under divi-
sion, Neil Forsyth gave up
just two runs and MVP
Shawn Albury led Freedom
Farm offensively in the 14-2
gold medal game win over
Grand Bahama.

Albury went 3-4, including
a home run en route to his
MVP performance.

JBLN took the 12 and
under division championship
with a thrilling 4-3 over Free-
dom Farm, the defending
champions.

MVP Byron Murray blast-
ed.a home run in the top of
the eighth inning to take the

‘lead.

Murray also controlled the
game from the mound, pitch-
ing a complete game.

The BBF also handed out
several annual awards.

Patrick Knowles Jr. was
named the Most Outstanding
High School Player, Sherman
Ferguson was named the
Most Outstanding Collegiate
Player, while Neil Forsyth.
was named the Most Out-
standing Collegiate Pitcher.

Bernard Arahna was given

' the BBF’s Lifetime Achieve-

ment award.

A testament to the growth
and prestige of the tourna-
ment was the presence of
Mike Lord, scout for the -
defending World Series -
Champions, the Boston Red
Sox.

2008 pr EVEREST





JBLN PLAYERS — 12 & Under - Gold Medal Game: MVP Byron Murray



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RESULTS

Opening Ceremonies
Awards
Recipients:

2007 - Most Outstanding
High School Player: -
Desmond Russell - Legacy
Baseball League- Grand
Bahama

2007 - Most Outstanding
Collegiate Player: - Ramon
Grant - Grand Bahama
Amateur Baseball Associa-
tion - GB

2008 - Most Outstanding
High School Player: - Patrick
Knowles Jr. - Legacy Base-
ball League- Grand Bahama

2008 - Most Outstanding
Collegiate Player: - Sherman
Ferguson - JBLN - Nassau

2008 - Most Outstanding
Collegiate Pitcher: - Neil
Forysthe - Freedom Farm -
Nassau

BBF Life Achievement
Awardee - BERNARD
ARAHNA - Grand Bahama

Photos: Eugene Thompson

Coach Pitch - Gold Medal
Game: MVP Myles Green

Legacy 7 - Freedom Farm
6

9-10 Division - Gold
Medal Game: MVP Myron
Johnson

Freedom Farm 11 - Grand
Bahama 1

12 & Under - Gold Medal
Game: MVP Byron Murray
JBLN 4 - Freedom Farm 3

13-15 Division - Gold
Medal Game: MVP. D'An-
dre Rigby

Freedom Farm 5 - Grand
Bahama Little League 4

16-18 High School Divi-
sion - Gold Medal Game:
MVP Desmond Russell.

‘Legacy-GB 3 - JBLN 2

25 & Under Division -
Gold Medal Game: MVP
Shawn Albury

Freedom Farm 14 - Grand
Bahama 2

MAJOR SPONS ORS:
BTC/
GATORADE!/ ZNS



AlvacancylexistsllatT hellNationalInsurancelB oardiforithelpositionlofiDirector.

ThelNationallInsurancelBoardlislalsociallsecuritylorganizationithatlisImandatedItolprovide
pensionlbenefitslandlotherlshort-termllbenefitsltolalllworkerslofilthe]CommonwealthllofThe
Bahamas.IItlisIcommittedItolprovidingi superior servicel whileldeliveringfonithelpromisellof
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operationallefficiency.

Developllandimaintainsllinkageslwithlotherfregionallandlinternationallorganizationslthat]]
fosterftheladvancementioflthelsocialllsecuritylagenda.

Providelaggressivelmanagementistrategiesltolensurellhighilevelsloflcompliancelbylemployers
andlself-employeddpersons.

MINIMUMIREQUIREMENTS:
Stronglbusinesslacumenlwithithelabilityltolcreativelylsolvellproblems.

Havellsuperiorlcommunicationlandlinterpersonallskills0withltheDabilityltolmentorialteam.
Effectivelproblem-solvinglandImediation(skills.

DemonstratedlabilitytoUsharelskillslanddknowledgelwithlothers.

Abilityltolworkwelllwithiallllevelsloflmanagement,0buildlpartnershipslandidirectiteams.

Highlyldevelopedanalyticallanddfinanciallmanagementiskills.
ExceptionallleadershipJandImanageriallskills.

BachelorisODegreeliniBusiness,lAccounting,0Finance,lorlrelatedifields JAJMB AlDegreel
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TRIBUNE SPORTS

SPORTS

TUESDAY, JUNE 10, 2008, PAGE 13



Celtics



L eat Lakers to

take 2-0 lead in finals

@ By TOM WITHERS
AP Sports Writer

BOSTON (AP) — Kobe
Bryant couldn’t take it any-

more, so he took it out on his

teammates.

With Game 2, and perhaps
Los Angeles’ season slipping
away, the league’s MVP
looked around the huddle and
used some harsh words to fire
up the Lakers.

They responded, dug deep
and made a remarkable come-
back that fell short. Now they
have to make a bigger one.

Trailing Boston by 24 points
with less than 8 minutes left,

.the Lakers got within two
before losing 108-102 on Sun-
day night to the Boston Celtics,
who are heading out West feel-
ing a little lucky to have a 2-0
lead in the NBA finals.

Only three teams — Boston
in 1969, Portland in 1977 and
Miami in 2006 — have over-
come an 0-2 deficit to win the
title. With the next three
games on their home floor,
where they haven’t lost since
March 28, Bryant thinks the
Lakers can become No. 4.

“We’ve come too far to real-
ly sweat being down 2-0,” said
Bryant, who scored 13 of his
30 points in the fourth quar-
ter. “We’re going to go home
and handle our. business.”

That’s what the Celtics did
— barely.’

Paul Pierce darted around
the parquet floor with ease to
score 28 points and unknown

Leon Powe added 21 as the:

Celtics held serve at home in

these trip-down-memory-lane °

finals. But coasting to a
blowout win, the Celtics near-
ly blew up.

“We’re happy because we
won, but we definitely learned
a lesson,” Pierce said.

The-Lakers, trailed -95-71;

with 7:55 remaining but used a: ..
31-9, run to:pull to 104:102,on;

two free throws by Bryant with
38.4 seconds left. Pierce,
though, made two. free throws,
then blocked a 3-pointer by
Sasha Vujacic, and James

Posey made two free throws .

with 12.6 seconds left to ice it
for Boston, which improved to
12-1 at home in the postsea-
son. Pe
“We’ve got to play through
the game for 48 minutes, and I
didn’t think we did that,”
Celtics coach Doc Rivers said.
“I thought we got cute when
we got the lead.”

The Lakers, who dropped 41
points on the league’s defen-
sive team in the final 12 min-
utes, simply ran out of time.

During a timeout in the
fourth quarter, Bryant, who
has struggled against the
Celtics all season, tore into the
Lakers with a few well-chosen
words that would have never
gotten past the network TV
censors.



>







Charles Krupa/AP

BOSTON CELTICS forward Leon Powe scores on the first of back-to-back dunks against the Los Ange-
les Lakers in the third quarter of Game 2 of the finals in Boston on Sunday. f

So, what did he say?
“Get our beep in gear,” he

. said, sounding as if he was dic-

tating in Morse code. “Play
beep harder, a bunch of other
beeps. It’s beep, beep, beep,
beep, beep. ‘Eddie Murphy
Raw’ times 10.”

Beyond Bryant’s tirade, the

Lakers were also peeved about
a huge disparity at the free-
throw line. Boston attempted
38 free throws to just 10 for
Los Angeles.

Known to whistle at his play-
ers, Lakers coach Phil Jackson

felt the tweeting sounds he

heard out.of the officials were .

too one-sided.

“T’ve never seen a game like
that in all these years I’ve
coached. in the finals,” said
Jackson, who is going for his
10th title in 11 finals appear-
ances. “Unbelievable.”

Pierce wasn’t slowed by a
sprained right knee suffered in

.the series opener, when he was

carried from the court and
plopped into a wheelchair. The
Boston captain paced the
Celtics, who are back in the



Charles Krupa/AP

BOSTON CELTICS forward Kevin Garett (5) drives through the defense of Los Angeles Lakers forwards

!amar Oclom (left) and Pau Gasol (rear), of Spain, in the se

\

‘ond quarter...

finals for the first since 1987,
when Larry Bird was the main
man and gasoline cost 91 cents
per gallon.

As usual, Boston’s Big Three
—-Pierce, Ray Allen (17
points) and Kevin Garnett (17)
— were the ringleaders but
Powe, a second-year reserve
had the game of his career,
adding his 21 points in 15 min-
utes that may make him a
Celtics fan-favourite for life.

Powe, who played a total of
68 seconds during one stretch
of 13 games during the season,

scored six points to close a 15-
2 run ending the third quarter
that gave the Celtics a 22-point
lead. The quick burst had the
Lakers California dreaming.
At one point in the fourth
quarter, Boston fans discard-
ed the familiar chants of “Beat
L.A.” for cries of “Le-on
Powe!”

“He was terrific,” Celtics
coach Doc Rivers said.

Rajon Rondo had a career-
high 16 assists and Garnett
added 14 rebounds for the
Celtics, back in the finals for
the first time since 1987.

Pau Gasol had 17 points and
10 rebounds for the Lakers,
who were so far down in the
fourth that many of their pur-
ple-and-gold clad fans who
came to cheer them on, headed
toward the exits and maybe to
Logan Airport for the trip out
West. ;

But Bryant brought them
back — almost all the way.

His 3-pointer made it 102-
91 and then the self-pro-
claimed “Black Mamba” slith-
ered down the lane for two
quick baskets that got the Lak-
ers within 104-95. The Celtics,
meanwhile, began to stand
around on offense, thinking
the game was in hand.

It was anything but.

After Vujacic hit a 3-pointer,
Vladimir Radmanovic made a
steal and dunk to make it 104-
100 and Celtics fans, who had
been dancing moments earli-
er, began to panic. None of
Boston’s players seemed to
want the ball as it moved
around like a hot potato before
Rondo missed a jumper with
44 seconds left.

Bryant’s free throws brought
Los Angeles to 104-102 before
Pierce slashed down the lane
and got fouled by Derek Fish-
er. As a few of his teammates
locked arms on the bench like
a college team trying to
advance in March, Pierce

knocked down both foul shots.
Then, on defense, he got just ~

enough of Vujacic’s shot from
the left wing with 14 seconds
left.

Posey was fouled on the play
and calmly made his two free
throws. The Lakers rushed the
ball down but missed on a cou-
ple jumpers, and when the final
horn sounded, a collective sigh
of relief rushed through the
exits as the Celtics and their
fans left the building confident,
if not shaken. “We’re not set-
tling on a 2-0 lead,” Garnett
said. “We want to go out there
and win two games in L.A.”

Notes: This is the sixth time
in the Lakers-Celtics rivalry

- that a team has taken a 2-0

lead. Celtics G Sam Cassell
sprained his right wrist in the
second quarter and didn’t
return. The Lakers made seven
3-pointers in the fourth, tying a
finals record. °

Jackson, a renowned world



@ By The Associated
Press

SCOREBOARD

Tuesday, June 10

Boston at L.A. Lakers (9
p.m. EDT). The Celtics
have a 2-0 lead in the NBA
finals thanks to two home
wins. :

STAR

Sunday

— Paul Pierce, Celtics,
had 28 points and eight
assists in a 108-102 win over
the Lakers in Game 2 of the
NBA finals.

JUST ENOUGH

Paul Pierce scored 28
points, Boston’s defense
mobbed Kobe Bryant long
enough and unknown Leon
Powe scored 21 points as
the Celtics held off a
remarkable Los Angeles
rally for a 108-102 win over
the Lakers on Sunday night
for a 2-0 series lead. The
Lakers trailed by 24 with
less than 8 minutes to go,
but pulled to 104-102 on
two free throws by Bryant
with 38.4 seconds left. But
Pierce made two free
throws, then blocked a
jumper by Sasha Vujacic,
and James Posey made two
free throws with 12.6 sec-
onds left to ice it for
Boston. Game 3 is in Los
Angeles on Tuesday.

STRONG IN DEFEAT

Kobe Bryant scored 30
points for the Lakers in a
108-102 loss to the Celtics in
Game 2 of the NBA finals
on Sunday night. The
Celtics lead the series 2-0
with Game 3 on Tuesday'in
Los Angeles.

SPEAKING
“T think we got kind of
complacent with the lead.

aru,



We weren’t staying aggres-’ |

sive. We let them pick up

. their pressure. We stopped
guarding. We got to take a
lesson from this fourth
quarter. to keep playing

_tegardless of the score and
finish the game.” — Paul
Pierce, after the Celtics held
off a remarkable Igos Ange-
les rally for a 108-102 win
over the Lakers on Sunday
night in Game 2 of the
NBA finals.

traveler who often reviews
trips to his destinations, was
asked for an overview of his
extended stay in Boston, where
the weather this week ranged
from chilly, October-like con-
ditions to sweltering heat.
“It’s very green,” Jackson
deadpanned, drawing laughter
at the reference to the Celtics’
primary colors. “Boston Com-
mons, the Public Gardens.
Very green.” ;

Winslow Townson/AP —

BOSTON CELTICS’ Paul Pierce (center) tries to scoop a shot between Gasol (left) and Vujacic in the
fourth quarter...



4

4

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a eg

“AGE 14, TUESDAY, JUNE 10, 2008 THE TRIBUNE





COMIC. PAGE



CALVIN & HOBBES

HELLO, I'M WONDERING IF YOU DON'T? HOW ABOUT
You SELL KEGS OF PLASTIC EXPLOSIVES ?
DYNAMITE .











‘Tribune Comics -



LOOK, I'M TRYING TO SEND
A GIRL T KNOW INTO DEEP
SPACE. PERHAPS You OULD
SUGGEST SOMETHING.








YOU'RE KIDDING. WELL, WHAT

ABOUT LAND MINES? DO

YOU SELL THOSE? ... YOU
IT?





iE PARKER

Tus TO. \2
2 FARM?












---BUT IT WILL
HELP KNOWING
IT WILL BE IN
GOOP HANDS!

BIFF AND I WILL
PROBABLY NEVER
SEE THE PLACE
AGAIN.---



BECAUSE
; I KNOW

YOU'LL TAKE
CARE OF IT,














(© 1968 Universal Press Syndicate





DENNIS THE MENACE









Sudoku is a number-placing puzzle based on a 9x9 grid with
several given numbers. The object is to place the numbers 1 to oO
9 in the empty squares so the each row, each column and each
APT 3-G 3x3 box contains the same number only once. The difficulty
FN level of the Conceptis Sudoku increases from Monday to
i ceiiaeiahaidiint . Sunda)
ACROSS THE WORLD AT THE LHASA t

i
[ HOT E bse Hi, MARGO, IT’S ERIC-
SORRY ABOUT MY BAD



I MiSs You,
DARLING.
GOODBYE.



ITS FUNNY; I DREADED THIS }
CALL, BUT NOW... Al









| VWARGO'S NOT



I MISS HER














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| ANSWERING “a7 TIMING. ViGe= Sy, TERRIBLY. : !
| TLL HAVE TO 7 | iy i Wy,y hii QD is
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©2008 by North America Syndicate, Inc. World rights reserved.











BLONDIE j
“LOOK, \ MY WIFE ANO T ALWAYS | | WELL, I OON'T HAVE [ AH, WHAT THE HECK! I'LL SPLURGE
PAL, ARS ) WAIT 24 HOURS BEFORE|.[4 TIME TO HAGGLE 54 FOR THE FULL TANK! 5

you MAKING ANY MAJOR WITH YA! / °

















Difficulty Level & & & *&

Best described as a number crossword, the task in Kakuro is to
fill all of the empty squares, using numbers 1 to 9, so the sum of
each horizontal block equals the number to its left, and the sum
of each vertical block equals the number on its top. No number :
may be used in the same block more than once. The difficulty fe
level of the Conceptis Kakuro increases from Monday to Sunday.



www.Blondie.com

MARVIN

“NO, I AM NOT
A CAT HATER




I QUST DON'T WANT
ONE IN MY SANDBOX //



























(©2008 by North America Synaiicate, nc. World rights reserved.





©2008 Conceptis Puzzles, Dist. by King Features Syndicate, Inc.











6/07






TM SORRY. AS SHAKESPEAK
SAYS,/NEITHER A BORROWE!
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black king art into the open’.
board, but the sacrifice looks.) 7%.
objectively dubious. The hunted
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the White player produced a
sneaky trap into which Black fell
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you wark out what happened?

©2008 by King Features Syndicate, Inc. World rights resorved”



LEONARD BARDEN





















Fe HAGARS Ay
4 ATTENTION //
Sov: The HOW many words of four |

Target ietters or more can you make
uses from the letters shown here?
words in in making a word, each letter
the main may be used once only. Bach
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Chambers and there must be at least one
2ist nine-letter word, No plurals.
Century TODAY’S TARGET
Dictionary Good 10; very good 15:
{1999 excellent 20 (or more).
edition}. Solution tomorrow.













YESTERDAY'S SOLUTION
cling clingy cloying coin
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CRYPTIC PUZZLE




















































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endplay hand that is seen in newspa-
per columns every day. And as if to
prove that the players in the contest

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newspaper.

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N 28 Anxious for future perhaps (7) a 11. Infallible (9) 4 To mirror (7) @AK9 kings, North settled for a small slam. 4
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PS aes S NAi : y ’ ’ 30 Freedom from bias . 26 For fear hi then had no choice but to lead a
16 Kimono, 19 Minsk, 20 Peat 14 Install, 16 Attend, 19 Abyss Onsps: . : s : : i
| ; ; ; , . (10) that (4) The deal is typical of the type of — spade from the king or yield a ruff-
| 23 Moo. 20 Snub, 23 Coo.
{

©2008 King Features Syndicate Inc.


otto. 8 loot

IUESVAY, JUINE 1U, ZUU8, PAGE 19



INTERNATIONAL NEWS

Cuba’s urban farming &

|

programme a success

‘iI

i By NIKO PRICE
HAVANA

For Miladis Bouza, the global
food crisis arrived two decades
ago. Now, her efforts to climb out
of it could serve as a model for
people around the world strug-
gling to feed their families, writes
The Associated Press.

Bouza was a research biologist,
living a solidly middle-class exis-
tence, when the collapse of the
Soviet Union — and the halt of its
subsidized food shipments to
Cuba — effectively cut her gov-
ernment salary to $3 a month.,
Suddenly, a trip to the grocery
store was out of reach. ;

So she quit her job, and under
a program championed by then-
Defense Minister Raul Castro,
asked the government for the
right to farm an overgrown, half-
acre lot near her Havana home.
Now, her husband tends rows of
tomatoes, sweet potatoes and
spinach, while Bouza, 48, sells the
produce at a stall on a busy street.

Neighbors are happy with
cheap vegetables fresh from the
field. Bouza never lacks for fresh
produce, and she pulls in between
$100 to $250 a month — many
times the average government
salary of $19.

“All that money is mine,” she
said. “The only thing I have to
buy is protein” — meat.

Cuba’s urban. farming program
has been a stunning, and surpris-
ing, success. The farms, many of
them on tiny plots like Bouza’s,
now supply much of Cuba’s veg-
etables. They also provide 350,000
jobs nationwide with relatively
high pay and have transformed
eating habits in a nation accus-
tomed to a less-than-ideal diet of
rice and beans and canned goods
from Eastern Europe.

From 1989-93, Cubans went

peters lable duxing eueree eaten

Per 8) as

\
'



"Javier Galeano/AP Photo

A WORKER selects lettuce at a hydroponic: fa m which uses specialized irri-

\ gation methods to grow vegetables i in smaller, non-rural areas, in Havana.

‘ from eating an average of 3,004
\ calories a day to only 2,323,
jaccording to the U.N. Food and
‘Agriculture Organization, as
shelves emptied of the Soviet
goods that made up two-thirds of
Cuba’s food. Today, they, eat
3,547 calories a day — more than
what the U.S. government'rec-
ommends for American citizens.
. “It’s a really interesting model
looking at what’s possible/in a
nation that’s 80 percent urban,”
said Catherine Murphy, a Cali-
fornia sociologist who spent a
decade studying farms in Havana.
“It shows that cities can produce
huge amounts of their own food,
and you get all kinds of social and
ecological benefits.” °
- Of course, urban farms might
not-be such a success in a healthy,
competitive economy. ~
As it is, productivity is low.at
Cuba’s large, state-run farms
where workers lack incentives.
Government-supplied rations —
mostly imported from the U.S.
— provide such staples as rice,
beans and cooking oil, but not
fresh produce. Importers bring in
- only what central planners want,
so the market doesn’t correct for

Gates 2 hy

gaps, And since most land is
ownéd by the state, developers

- are not competing for the vacant

lots jhat can become plots for
vegelables.

Still, experts say the basic idea
behind urban farming has a lot
of promise,

“Tt’s land that otherwise would
be sitting idle. It requires little or
no transportation to get (pro-
duce) to market,” said Bill Messi-
na, an agricultural economist at
the University of Florida in
Gainesville. “Tt’s good anyway
you look at it.”

And with fuel prices and food ‘

shortages causing, unrest and
hunger across the world, many
say the Cuban model should



_ spread.

“There are certain is issues where
we think Cuba has a lot to teach
the world. Urban agriculture is
one of them,” said Beat Schmid,
coordinator of Cuba programs for
the charity Oxfam International.
Other countries have experi-

mented with urban farming — ~

Cuba’s initial steps were modeled

after a green belt surrounding

Shanghai. But nowhere has urban

farming been used so widely to
] Ure



Javier Galeano/AP Photo

A FARMER works at a hydroponic farm which uses specialized irrigation methods to grow vegetables in small-

er, non-rural areas, in Havana, Thursday, May 15, 2008. The future of urban farming in Cuba is looking
brighter than ever. Now that Raul Castro is president, many expect him to expand the program he bagan as an

~ experiment in the early 1990s.

transform the way ajcountry feeds
itself.

“As the global food crisis

receives attention, this is some-
thing that we need to be looking
at,” Murphy said. “Havana is an
unlikely, really successful model
where no one would expect one
to come from.”

Now that Raul Castro is presi-.
_ dent, many expect him to expand

the program he began as an
experiment in the early 1990s.

ia ae: New.

One of the first plots he opened
was the “organoponico” on Fifth
Avenue and 44th Street in the
ritzy Havana neighborhood of
Miramar. The half-block farm —
owned by a government agency
— is surrounded by apartment
buildings and houses, but also
offices of foreign companies, a
Spanish bank and the South
African Embassy.

Long troughs brim with arugu-
la, spinach, radishes and basil, and




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v

| . serv see °

few of the 20,000 square feet are
wasted.

One technician tends compost
that serves as natural fertilizer,
while another handles natural
protection from pests, surround-
ing delicate spinach shoots with
strong-smelling celery to ward off
insects. Such measures have eco-
logical benefits but were born of
necessity: Neither commeicial fer-

tilizer nor herbicide is reliably

available.













































PAGE 16, TUESDAY, JUNE 10, 2008

Tears, applause

’

PRIME
MINISTER
Hubert
Ingraham
chats with
Cat Island
Partners
principal
David
Southworth
(right) prior
to the town
meeting.

pe



Thighs & Legs | f,

e) Sa














ee

MEMBER OF
PARLIAMENT
for Cat Island,
Rum Cay and
San Salvador
Phillip Brave
Davis
addresses
residents








ee




ae

15

i

THE TRIBUNE

ratitude

Residents embrace proposals for
Cat Island Golf and Beach Resort

SOME shed tears, otters
applauded, while otters
expressed gratitude and appreci-
ation that development they
describe as “long overdue” is
finally about to come to their
island.

Residents at a town meeting
held by Government and the Cat
Island Partners group on the pro-
posed Cat Island Golf and Beach
Resort for that island assurei offi-
cials that they are ready to
embrace the opportutities
expected to emanate from the
project its principals say wil cre-
ate 937 full-time job opportuni-
ties.

. Government Ministers, led by .

Prime Minister Hubert Ingraham,
as well as officials from; the
Department of Physical Planning,
the Department of Public Works,
the Bahamas Electricity Corpo-
ration (BEC), the Bahamas
Telecommunications Company
(BTC) and the Water and Sew-
erage Corporation attended the
meeting...

Emphasising that govemment
does a phenomenal job in carry-
ing out background checks and
scope assessments.on project pro-
posals for the country, Works and
Transport Minister Earl Deveaux
explained that the primary pur-
pose for the town meeting was to
give the Cat Island Partners
group the opportunity to make a
presentation on their proposed
development. :

The government receives any
number of proposals for devel-
opment throughout The
Bahamas,” Minister Deveaux
explained. “As a matter of fun-
damental policy, we think it is
important when we get to the
point of approvirig a proposal that
we think can bring value to our
country and our communities, to

allow the people to have an input .

in the decision, as to how they feel
about the proposed develop-
ment.”

It was an opportunity residents
took full advantage of.

Mrs. Seymour-Russell of Old

~ Bight said; “I’ve been back in Cat

Island as a young entrepreneur
for 21 years. I came back to build
my island. I was here all.these
years struggling, I have children
and I have to send them off to
Nassau. It’s time for Cat Islanders
to come back home.

“TI need for this development
to come in so my children can be
prosperous.”

Meoshi Curtis, a teacher on Cat
Island, also expressed concern
about the lack of opportunities
for the youth of the island, a situ-
ation she said she expects to be

alleviated as a result of the pro-
' posed development. if :

In what marked one of the
more emotional periods | ‘of the
town meeting, young Angelique
Brown, who moved back ito Cat
Island at the age of 18, shed tears

as she expressed hope for new
_ opportunities.

““T have two beautiful Bough:
ters and it pains me to know there

is nothing to keep them here

when they reach that; age and |
feel we really need this,” she said.
“I am sorry for my emotional
breakdown, but I left Nassau
because of the living that is there
and I have eee and sHtug:



ANGELIQUE BROWN expresses tearful hopes for new opportunities
expected to emanate from the proposal.

PRIME MINISTER Hubert Ingraham is greeted by residents upon his |
arrival-on Cat Island to attend a town meeting on the proposed Cat *

Island Golf and Beach Resort



MINISTER of Works and Transport
Earl Deveaux addresses residents.

gled. I have somewhat made it,
but I'feel that there are others
like me who need to make
it...there are lot of people on Cat
Island‘that are hurting.”
Responding to a concern
expressed about a lack of trained
talent on Cat Island to meet the
proposed project’s employment
needs, Beverly Thacker, Educa-
tion District Superintendent for

. Cat Island, Rum Cay and San Sal-

vador said young persons are des-

~ perate to find something to do,
and advised that the Ministry of,

Education is working to prepare
students'to meet such needs.

“Just about two months ago at
the high school in Old Bight there
was a career fair which the Min-
istry of Tourism joined in and
they had a three-day event here,”
she noted!

- “Students are being trained
right now in the schools in Fami-
ly Life and Consumer Science
where they are training students
in the various aspects of tourism.”

A question meantime was
raised, during the town meeting
on whether the government plans
to give consideration to estab-
lishing,a branch of the Bahamas

Technical ahd Vocational Insti-
tute cE? in ey Island to pro-



a

i

- vide. continuous training of resi-

dents there. Residents also posed
questions and expressed concerns
about infrastructural needs on the
island such as garbage disposal,
potable water and a mini-hospital
facility, and how these needs will
be addréssed in tandem with the
start of the proposed develop-
ment.

Prime Minister Ingraham, dur
ing his remarks to residents,
pledged the government’s com-
mitment to doing all it can’ to
cause the development to hap-
pen and happen in the shortest
possible time. :

Member of Parliament for Cat~
Island, Rum Cay and San Sal-
vador Philip “Brave” Davis, who



- also expressed confidence in the

project’s developers reminded
them that Cat Island, having a
history of commerce and agricul-
ture is “on the rebound”, and |
urged residents to trust their ‘cade

ers in government regarding their.
development plans for the island.

“No government administra-.
tion has in their mind or intent
to do what is not best for the peo-
ple of The Bahamas,” he said.
“There may be differences on
how we may achieve that, but you
must trust your leaders.

“You will find often that
whereas words pass between the
political divide,” Mr. Davis con-
tinued, “at the end of the day
when you see them:voting ona
piece of legislation they usually
are unanimous because govern-
ment; both Opposition and the
Executive understand that when
government is pursuing its policy
you ought to support that poli-



etc) Rd; 9945-3463 Mackey St 493-5684 Thompson Bivd: 320-1164






|THE



TRIBUNE

SECTION B e business @tribunemedia.net




LESLIE

TUESDAY



10, 2008



Almost $2m in Grand Bahama

4

mortgage loans are in arrears |

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



v4

FREEPORT — Nearly $2 million in
mortgage loans!is currently in arrears at
the Bahamas Mortgage Corporation
here on Grand’ Bahama, it was revealed
Monday. |

Jerome Godfrey, managing director
of the Bahamas Mortgage. Corpora-
tion, reported 'that 228 mortgage loans
valued at $1,824, 387.90 are overdue
by Bahamian borrowers who have
defaulted on their mortgages.

Mr Godfrey is urging delinquent bor-
rowers to come to the office in Freeport
to discuss and arrange a programme



Minister: Crawfish
exports in 2007

that will update their mortgage arrears

in a timely manner.

He warned that failure to update
accounts will result in foreclosure of
the property and ultimate eviction of
the occupants from the premises.

“Tougher measures are ahead by the -

Corporation,” he said. “Over the next
few months, we will continue to issue
letters to delinquent borrowers giving

them deadlines to come in to the Cor-

poration to update their accounts.”
The corporation has a total of 639
loans under repayment on Grand
Bahama, where delinquent accounts
represent a 35.68 per cent ratio of loans
in arrears.
Mr Godfrey said that the corpora-

*

tion i is cognizant of the fact that Grand
- Bahama has. been experiencing set-
-backs for several years since the three

hurricanes devastated the island, result-

'.ing in closure of businesses and job

losses.

He’said the corporation will continue:

to exercise leniency with those persons.
However, he'stressed that there are

‘many individuals who are financially

capable of meeting their monthly mort-

gage payment obligation, but are not

doing so in a timely manner.
“The corporation has embarked on:

an advertisement campaign with the

expressed purpose of reaching out to

delinquent borrowers,” said Mr'God- .

frey.

Sandra Storr, deputy managing direc-
tor, said the corporation is willing to
assist delinquent borrowers who want
to update their accounts.

She stated that they can work out

payment agreements, restructure mort-
gage payments, and in some cases,
,extend a moratorium for a period of

: time.

“We don’t want to repossess any-
one’s home. We can help persons going
‘through a tough period, such as per-
sons who may be ill, by giving a mora-
torium at three month intervals.” -

Mrs Storr said they can restructure a
mortgage for persons who are able to
make a small lump sum payment, or
through salary reduction.

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“We have been able to get certain
private companies to do salary reduc-
tion, and’we are appealing to private
employers to consider working with us
to give salary reduction so we can
restructure the payment to help per-
sons regularise their accounts,” she said.

Mr Godfrey said that the corpora-
tion has approved over 6,500 loans to
Bahamians in excess of $346.9 million.
He stated that ratio of loans in arrears
is too high and presently stands at 27.43
per cent of the total portfolio.

He said it is difficult for the corpora-
tion to make loans to new borrowers
when so many loans are outstanding
and sums are not available to build new

‘homes. ©



Bahamas at crossroads in every aspect of
its development, says Chamber president

totalled $86.6m

= By CARA BRENNEN-
BETHEL’
Business Reporter



THE export of crawfish tails —

in 2007 totalled 4.9 million
pounds with a value of $86.6
million, Larry Cartwright, Min-
ister of Agriculture and Marine
Resources, told: the..House of
Assembly ‘yesterday.

Making his contribution to
the 2008/2009 budget debate,
Mr Cartwright said the indus-
try, which is vital for foreign
exchange and the employment

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of thousands of Bahamians,
must be carefully managed as it
is-currently being exploited.

“The regulatory measures in
place governing harvest size and
closure of the season must be
enforced,” he said, adding that
the ministry will continue to
educate Bahamian fishermen,
consumers and business opera-
tors on the dangers of illegally
harvesting crawfish. -

Mr Cartwright noted that sev-
eral other marine resources are
also adding to exportation prof-
its for the country - 73,790
pounds of sponges in 2007,
which had an export value of
$750,000, 130,000 pounds of
stone crab claws provided an

. income of $1.6 million last year

- a significant increase over 2006
- and conch in 2007, 267,200

pounds, were exported for a val-.

ue of $1.5 million.

Noting the potential for an
expanded export market, Mr
Cartwright said that focus will

also be brought ‘to bear on the:
encouragement of the maricul-

ture and aquaculture sectors.

“Besides producing for export :

markets, it is envisioned that
viable mariculture and aquacul-
ture sectors would reduce our

. reliance on the normally wild

fisheries, thus providing these
various species the opportunity
to regenerate naturally.”

He noted that the develop-
ment of these sectors will be
enhanced by the introduction of
comprehensive enabling legis-
lation to encourage and regu-
late the sector’s activities, some-
thing that the government will

be asking the Food and Agri--

culture Organisation (FAO) to
assist them with.

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- B By CARA .BRENNEN-

BETHEL
Business Reporter



THE Bahamas is ata cross-
roads in every aspect of its
development, Bahamas Cham-
ber of Commerce president
Dionisio D’Aguilar said yes-
terday, explaining why that was

chosen as the theme for this

year’s chamber week.
“Crossroads relates to the

_ economic times;we are appar-
ently’ going into and the déci-

sions that we have to make as a

government, a people and a’

country about these various
trade agreement such as the
World Trade Organisation and
the EPA,” he said at a press
conference to announce the
week of-events.

Mr D’Aguilar said the coun-'.

try is also at.a crossroads in a

number of other vital areas as. -

well.
“What are we going to do

about our appalling education-
al system, we are at a cross-.
roads in determining the use

Dionisio D’Aguilar



of technology in the way we
run our. businesses, the way we
run our banking sector and the

“way we run our country, we are
‘at acrossroads in determining

how serious.we are about fight-
ing the scourge of crime and
making our judicial system
work better.

“We are at a crossroads in

determining how to improve
the diversity of our tourism

product and our deteriorating

level of customer service; and
we are at a crossroads on how
to reform our system of taxa-
tion to comply with the rest of
the word. So it’s a pretty broad
theme, but it’s very relevant
for the times that we are in.”
While he gave the budget
communication: and the bud-
get allocations an A-minus, Mr

D’Aguilar said that unfortu-_

nately it did not contain any

innovative measures to com- .
‘bat the scourge of crime one.

of the major and pressing vex-
ing business issues to date.
However, he did commend
the government on its efforts
to improve the quality of the
educational system.

“I was generally quite.
. pleased with the prime minis-

ter’s budget communication,”
he said.
On the agenda for Chamber

- week is the second instalment

of the “Meet-the Ministers
Forum.” Mr D’Aguilar said
that 12 ministers and ministers

. of state have confirmed atten-

dance to the foram which will '
allow Bahamian business per-
sons a chance to ask the minis-
ters questions that are of vital
interest to the business com- -
munity.

He noted that, as last year’s

' forum fell just after the May 2

general election, it really served
as an introductory process to
the new cabinet.

Now that a year has passed,
Mr D’Aguilar said the cham-
ber is looking forward to the
ministers providing concrete
actions and measures to
address the business commu-
nity’s concerns. These include
crime, tourism and the time in
which immigration applications
are processed.

He said that he was also
looking forward to hearing how
the extensive capital expendi-.

ture projects outlined in Mr

Ingraham’s speech are to affect
Bahamian businesses:

Mr D’Aguilar also expressed
pleasure that the port will be

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PAGE 2B, TUESDAY, JUNE 10, 2008

THE TRIBUNE





Altering policy course to

THE months of May and June
are significant for many, as they
represent the period when most
institutions of learning hold
graduation ceremonies. In the

_ case of tertiary educational insti-
tutions, the actual event is often

referred to as commencement,
convocation or invocation, while
for high schools it is simply
referred to as a graduation cer-
emony in most cases.

Last weekend I had the
opportunity to talk with a few

JOB

school administrators and school
board members in an infodrmal
setting. During one conversa-

, tion, it was noted how few males

were among the graduating
classes. At the College of The
Bahamas, other tertiary institu-

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vs ny. STAR DVE ere AUNY amet nee go 18

TANNA SvATWiskomeine cared

tions and high schools around
the country, males are conspic-
uous by their absence. The low
male graduation rates must be
a concern for the entire coun-
try.

Universal Problem

Male eligibility for graduation
has been trending downwards
for years now, and this trend is
probably universal. A study pub-
lished by the Manhattan Insti-

tute (a public policy think-tank)
in 2006, entitled Leaving Boys
Behind: Public High School
Rates, concluded:

“The graduation rate esti-
mates for the class of 2003
reported in this paper confirm
that far fewer students graduate
from high school than is often
realised. It is important for pol-
icymakers and the public to
understand that only about 70
per cent of all students, and a

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little more than half of Hispanic
and African-American students,
graduate from high school.
While it is not the place of this
report to provide guidance on

-how to improve high school

graduation rates, these results
do suggest that there is a gradu-
ation problem that needs to be
addressed.

"Another interesting finding
in this report is the difference in
high school graduation rates
between males and females.
Females graduate at higher rates
for each racial sub-group
analysed in this report, but the
gender gap in high school grad-
uation is particularly large for
Hispanic and African-American
students. The reasons for this
gap should be addressed in
future research."

Schott Report

The Schott Foundation for
Public Education commissioned
a series of reports on the status
of African-American male stu-
dents in the US public educa-
tion system, and convened a
series of think-tank and work-
ing conferences, attended large-
ly by African-American educa-
tion leaders - men and women,
including the voices of youth - to
more clearly define the prob-
lems and possible solutions so
as to create A Positive Future
for Black Boys. (E-mail me if
you would like a copy).

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THE TRIBUNE

POLLING, VIN By OUD 5g ime Ve





develop a few good men

FROM page 2B

Participants identified three
key strategies that need to be
acted upon to secure the soci-
etal and institutional changes
necessary to improve educa-
tional and life outcomes for
Black boys:

1. To focus on public policy
to ensure that federal and state
education policy decisions serve
the interests and needs of Black
boys and other vulnerable stu-
dents.

2. To engage new, and broad-
en existing, community efforts
to work for positive change on
behalf of Black boys.

3. To build a national, broad-
based movement to create pub-
lic will for change.

Conclusion

At the national level, we need
to focus on this growing prob-
lem of academic underperfor-
mance by males. Is there some
relationship between this acad-
emic underperformance and the
high levels of violence and homi-
cides among our young men?

The implications of this pat-
tern of male under-achievement
in education are enormous.
What does it say about the
future or our society when half
of its constituency seems to need
help? What impact will this have
on our already fragile family
structures? What impact will this
have on the future productivity
levels of our workforce?

I argue that we need to give
serious consideration to formu-
lating policies in government
and other institutions that are
designed to actively rescue the



a



young men in our society, with a
long-term objective of improving
their participation in education
through skills-based training ini-
tiatives and the workplace
(where males are becoming a
rare commodity in some fields).

However, in the short-term, a
focus on anger management, civ-
il responsibility, family life and
responsible parenting is a press-
ing need.

It is simply unacceptable to
have 50 per cent of our future
workforce under-trained, under-
utilised and participating at
record low levels, especially at a
time when our economy is strug-
gling to be competitive in a glob-
al society.

Further, men must be full con-
tributors to building and sup-
porting positive family structures
if we hope to reverse the social
morass the nation currently
faces.

Until next week...

P.S.

Beach Patrol

On Friday past, the Labour
Day holiday, I had the opportu-
nity to drive 'the strip'(West Bay
Street between Delaporte Point

and Arawak Cay). There were
hundreds of Bahamians out
enjoying the beautiful beaches,
for which the Bahamas is
renowned.

The difference this time was
that beach access points have
been clearly marked by the rel-
evant government authorities.
Goodman's Bay and Saunders
Beach were far less crowded, as
the newly identified access
points were heavily used also.

However, there are still sev-
eral access points along 'the
strip' that remain closed and
conspicuously unidentified.thus
far, still removed from the
Bahamian people, the true own-
ers of that land. Further, I have
not had the opportunity to sur-
vey the Eastern Road, where I
am told that possession of public
‘right of ways' is seemingly the
rule, rather than the exception.
We anxiously await the outcome
of these pending situations.

The Government certainly
ought to be highly commended
for erecting attractive signage
and the pending reopening of
closed access points. Also, the
Ministry, of Health should be
congratulated for being far more
proactive with beach litter col-

a yTO TET Oyen

Bahamian Manager for Super Store,
Me) MLL MeN) (oleae teen

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The Ministry of Education,
Youth, Sports and Culture

Public Notice

‘The Public is hereby notified that the Ministry

lection after this past holiday.

e Larry R. Gibson, a Char-
tered Financial Analyst, is vice-
president -pensions, Colonial
Pensions Services (Bahamas, a

wholly-owned subsidiary of -

Colonial Group International,
which owns Atlantic Medical
Insurance and is a major share-
holder of Security & General
Insurance Company in the
Bahamas.

those of the author and do not
necessarily represent those of
Colonial Group International or
any of its subsidiary and/or affil-
iated companies. Please direct
any questions or comments to
rigibson@atlantichouse.com.bs

A vacancy exists at The National Insurance Board for an Assistant Director of Human {

of Education, Youth, Sports and Culture will be
‘installing a chain link fence at the North and
North East Boundary of the Learning Resource
Unit, Mackey Street.

The Public should note that works will
commence immediately and. completion by
14th June, 2008



"The views expressed are

Vacancy for
Sr. Area Director, Development & Construction

A minimum of twenty (20) years experience in the Construction industry with specific dacumented
experience in project and/or construction management.
A minimum of ten (10). years experience leading project teams on multiple projects in remote,
international locations with single-point accountability for capital budgets and schedules.
Professional degree in technical field from an accredited university

_ Strong leadership, management, and communication skills providing the ability to work in a

~ dynamic, multi-functional matrix management environment, as a “Team Player”. Pro-active,
assertive, motivated and disciplined.
Experience in leading, managing, and coordinating design, construction, and other professionals.
Experience in qualifying, contract negotiation, recommendation, and administration of
Professional and Contractor Agreements.
Proven ability to understand the business goals of stakeholders and implement a partnering
relationship that will enable mutual success.
Experience in legislative/ jurisdictional approval processes.
Proven ability to comprehend, and critique design and contract documents.
Lead and coordinate resources.to achieve complete technically acceptable design and contract
documents within Design Guides, Construction Operations Manual, project scope, schedule, and
cost.
Computer literacy on Microsoft Office products, Primavera P3 or Suretrak (or other scheduling)
and, Primavera Expedition (or other Project Management) software applications.
Ability to reside full-time in Abaco for the full duration of the project.

Please send resume to the attention of: Director of Human Resources
The Abaco Club on Winding Bay
P.O. Box AB-20571
Marsh Harbour, Abaco
Bahamas
OR
Email: humanresources@theabacodub. com

VACANCY NOTICE
Assistant Director - HR

Resources.

Reporting to the Director, the successful applicant will be responsible for the management of

the Human Resources and Training functions of the Board. This position will be responsible

for: r

e Administration of personnel policies and.plans to ensure fair, consistent and competitive
treatment of all employees i in accordance with all applicable legislation and regulations.

Inplementation of responsive employee relations programs to contribute to high morale
and high levels of productivity.

Successful negotiation of industrial agreements with management and non-management
labour unions...

Development, implémentation‘and administration of effective compensation and benefit
programs that contribute to the organizations ability to attract, retain and motivate pompent
personnel.

Maintaining a favorable working relationship with all other company employees to promote
a cooperative and harmonious working climate which will be conducive to maximum
employee morale, productivity, and efficiency/effectiveness.

Working closely with executives and departmental supervisors in determining current and
future organizational needs.

Ensuring that all staff members receive appropriate training to perform their jobs effectively.
Prosecution and management of cases before Ministry of Petes and Industrial Tribunal.

Creation and updating of formal staff job descriptions when ocean to increase efficiency
and achievement of the organization’ s goals with input from staff and other appropriate
resources:

Develop, administer ie Smite an effective performance appraisal system that provides
meaningful feedback to staff thereby enhancing their growth and development.

REQUIRED SKILLS AND SPECIAL TECHNIQUES

Be a strong team player and business manager with a solid foundation and understanding
of overall business operations, showing the ability to interface effectively with all levels
and functions within the organization.

Have excellent communication skills, both orally and in writing, and be an outstanding
listener.

Be service oriented and yet have a strategic orientation, anticipating what needs to be done
and addressing those needs creatively.

Strong management and leadership skills.

QUALIFICATIONS AND EXPERIENCE

The ideal candidate will have a Bachelor’s Degree and at least five plus years of Human
Resources experience in a leadership or management capacity. A Master’s Degree in Human
Resources is preferred. Resumes with supporting documentation should be submitted on or
before Monday, June 16, 2008, to:



The Director
THE NATIONAL INSURANCE BOARD
P.O. Box N-7508
Nassau, Bahamas
PAGE 4B, TUESDAY, JUNE 10, 2008

THE TRIBUNE



Employment Opportunity

A Corporate and Financial Services Firm based in Nassau
is seeking to recruit a highly competent professional for the
following position:

MANAGER

The position is best suited for results oriented, hard working individuals
able to work in a team environment.

Requirements

Masters Degree in International Relations

At least two (2) years of work experience in Europe

At least three (3) years experience in the Corporate Services field
Strong organizational and analytical skills

Excellent command of computer knowledge (MS Applications)

Interested candidates should send their CV by email to:
NBissiney@aikbah.com Deadline: 12th June, 2008

Legal Notice

NOTICE

THE DANCASTER CORPORATION

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

ARGOSA CORP. INC.
(Liquidator)

COMMONWEALTH OF THE BAHAMAS 2008
IN THE SUPREME COURT COM/com/00011
Commercial Division

IN THE MATTER OF THE NATIONAL INSURANCE
; BOARD

AND

IN THE MATTER OF SECTION 187 OF THE
_ COMPANIES ACT ee 308

AND

IN THE MATTER OF THE ACTION OF THE NATIONAL
INSURANCE BOARD

NOTICE is hereby given that a Petition for the winding
up of the above named Company by the Supreme Court
of The Bahamas was, on 12th Day of March, 2008
presented to the said Court by Anthony M. Wright of

45 Brighton Drive, of The City ot Freeport in the Island ©

of Grand Bahama.

AND that the said Petition is directed to be heard before
Mrs. Donna Newton, a Registrar of the Supreme Court,

sitting at Nassau on the 2nd day of July, 2008 at 12:00 —

o'clock in the afternoon, and any creditor or contributory
of the said Company desirous to support or oppose the
making of an Order on the said Petition may appear at
the time of the Hearing in person or by his Counsel for
that purpose; and a copy of the Petition will be furnished
by The undersigned to any creditor or contributory of
the said Company requiring such copy on payment of
the regulated charge for same.

Dated this 4th day of June, 2008

Anthony M. Wright
No. 17 Baldwin Avenue (Off Farrington Road)
P.O. Box N-197
Telephone: (242) 323-6759
Nassau, Bahamas

Note: Any person who intends to appear on the hearing
of the said Petition, either to oppose or support, must
send notice of his intention to the Petitioner, within the
time and manner prescribed by rule 25. The notice must
state the name and address of the person, or, if a firm,
the name and address of the firm, must be signed by
the person or firm, or his or their attorney (if any) and
must be served, or if posted, must be sent by post in
sufficient time to reach the Petitioner not later than 4:00
o'clock in the afternoon of the Ist day of July A.D.,
2008.



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NOTICE

ANDERSON UNIVERSAL LIMITED

Notice is hereby given that in accordance with Section
137 (8) of the International Business Companies Act,
2000, ANDERSON UNIVERSAL LIMITED, has
been dissolved and struck off the Register according
to the Certificate of Dissolution issued by the Registrar
General on the 20" of May, A.D., 2008.

Dated the 10" day of June A.D., 2008

A.J.K. Corporate Services (Bahamas) Limited
Liquidator



Legal Notice

NOTICE.

HARK COAST HOLDINGS LIMITED

Notice is hereby given that in accordance with Section
138 (8) of the International Business Companies Act 2000,
the dissolution of HARK COAST HOLDINGS LIM-
ITED has been completed; a Certificate of Dissolution has
been issued and the Company has therefore been struck off
the Register.

ARGOSA CORP. INC.
(Liquidator)

VICE PRINCIPAL
NEEDED

The Anglican Central Education Authority invites
applications from qualified Bahamians for the position of
VICE PRINCIPAL of Bishop Michael Eldon School
beginning September 2008.

The applicant must have a Degree in Education from a
recognized University, with at least 5 years accumulative
experience. The applicant must also be computer literate.

Key job functions and responsibilities include:

- Assisting with staff supervision and evaluation
- Admissions and student orientation
- Scheduling (Timetables; examinations, invigilations)
- Assisting with discipline

. - Assisting with supervision of academic programmes
- Assisting with Curriculum Development.
- Administration of School and External examinations
- Inventory
- Requisitions

Applicants should submit a cover riche Curriculum Vitae,
copies of degree certificates, three references and passport
photographs to:

THE DIRECTOR OF EDUCATION
ANGLICAN CENTRAL EDUCATION AUTHORITY
_' P.O. BOX N-656
NASSAU, BAHAMAS

The Deadline for Applications is
Friday, June 27th, 2008






PUBLIC NOTICE

INTENT TO CHANGE NAME BY DEED POLL

The Public is hereby advised that |, DOROTHY P, LEYLEGIAN
of the Western District of the Island of New Providence of
the Islands of the Commonwealth of The Bahamas, intend
to change my name to DOROTHY P. BAKER. If there are any
objections to this change of name by Deed Poll, you may write
such objections to the Chief Passport Officer, PO.Box N-742,
Nassau, Bahamas no later than thirty (30) days after the
date of publication of this notice.

PUBLIC NOTICE

INTENT TO CHANGE NAME BY DEED POLL

The Public is hereby advised that I, DASHEIL DESHEA COX of Ideal
Estates in the Eastern District of the Island of New Providence
of the Islands of the Commonwealth of The Bahamas, intend to
change my name to DASHEIL DESHEA CAREY. If there are any
objections to this change of name by Deed Poll, you may write
such objections to the Chief Passport Officer, RO.Box N-742,
Nassau, Bahamas no later than thirty (30) days after the
date of publication of this notice.
























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Legal Notice

NOTICE

WORLANDER S.A.

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

“ARGOSA CORP. IN c.
© Ciquidator)

Job Opportunity
Software Trainer

Are you an energetic Motivator,
an Excellent communicator with a passion
to work with a professional Team?

If we've piqued your interest, Let’s Talk!

Skills required:

° A Bachelor’s Degree in Finance

° Minimum of five (5) years experience in
finance company management

¢ Minimum of five (5) years experience in the
consumer purchase lending industry

¢ Minimum of three (3) years experience in
the use and training of EnCompass and the
ability to train a team of at least 10 people.

* Proficient in IBM DB2 file query utilities
° Working knowledge of Microsoft Office

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Please submit your application by Mail to:
Director of Human Resources, The Plus Group
P.O. Box N713, Nassau, Bahamas

or eMail: jobs@theplusgrp.com
We thank all applicants, however only those *

selected for an interview will be contacted.

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THE TRIBUNE

TUESDAY, JUNE 10, 2008, PAGE 5B







Bi By Fidelity Capital
Markets

IT was a slow trading week in
the Bahamian stock market, in
part because the week was short-
ened to observe the Labour Day
holiday. Investors traded in six

17,150 shares changed hands, a
significant decline of 83.06 per
cent, compared to last week's
trading volume of 101,225
shares.

Freeport Oil Holdings Com-
pany (FCL) led the week's trad-
ing volume with 8,160 shares, to
end the week unchanged at

out of the 19 listed stocks. Some

ee

a
ae

Colina Holdings

COLINA HOLDINGS BAHAMAS LIMITED
NOTICE OF ANNUAL GENERAL MEETING

NOTICE IS HEREBY GIVEN that the statutory meeting of
the above Company required to be held by Section 70(2)
of the Companies Act, 1992 :will be held at the J.W. Pinder
Building, Colinalmperial Insurance Ltd., Collins Avenue,
Nassau, Bahamas on Wednesday, the 11" day of June
2008 at 5:30p.m.

Dated Monday, the 9" day of June 2008

Michelle C. E. Fields
Secretary

James Catalyn & Friends



ROYAL FIDELITY MARKET WRAP

$5.55. Commonwealth Bank
(CBL) followed with 6,379 of its
shares trading, also ending the
week unchanged at $7.30. Cable
Bahamas (CAB) was the declin-
er of the week with 2,000 shares
trading, decreasing by $0.03 to
close at $14.

COMPANY NEWS

Earnings Releases:

e Doctors Hospital Health Sys-
tems (DHS) released unaudited
results for the year ended Janu-
ary 31, 2008. DHS reported a

‘net income of $3.4 million, an

increase of 46.05 per cent com-
pared to $2.3 million at year-end
2007.

Total net revenues stood at
$42.1 million, up $3 million or
7.72 per cent from $39.1 million
for the same 12-month period
in 2007, while total expenses
increased by $3.1 million or 8.57
per cent.

Earnings per common share
of $0.34 increased by 47.8 per
cent, up0 from $0.23 in 2007.
Management indicated that
patient activity was up in the
year, accounting for high rev-
enues, while increases in expense
were in line with the revenue
growth. Total assets and liabili-
ties stood at $31.3 million and
$11.5 million respectively, com-
pared to $29 million and $12.4

The Tribune wants to hear
from people who are
making news in their
neighbourhoods. Perhaps
you are raising funds for a
sood cause, campaigning
for improvements in the



million at year-end 2007.

e Bahamas Waste (BWL)
released its unaudited financial
results for the quarter ending
March 31, 2008. BWL reported
net income of $228,000, a
decrease of $171,000 or 42.9 per
cent compared to the same peri-
od in 2007.

BWL reported earnings per
share of $0.05, a decrease of 50
per cent compared to $0.10 for
the same three-month period in
2007. Total assets and liabilities
stood at $19.3 million and
$955,000 respectively, compared
to $9.2 million and $1.01 million
at year-end 2007. BWL sales
revenues of $2 million remained
consistent with the 2007 first
quarter, declining slightly by
$39,000 or 1.9 per cent, while
cost of sales of $1.3 million
increased by $153,000 or 13 per
cent.

e FAMGUARD Corporation
(FAM) released its unaudited
financial results for the three
months ended March 31, 2008.
FAM reported net income of
$2.94 million for the 2008 first
quarter, compared to $2.8 mil-
lion for the same period in the
prior year.

Earnings per share rose to
$0.29, up 3.57 per cent from
$0.28 per share in 2007. Total
income stood at $19.9 million,
representing an increase of $1.2
million or 6.56 per cent, while
total benefits and expenses rose
from $15.9 million in 2007 to $17
million, representing an increase
of 6.9 per cent.

Management attributes the
positive results primarily to
strong sales in its group medical
and ordinary life product lines
in the quarter. Total assets and
liabilities stood at $165 million
and $108.9 million respectively,
compared to $161 million and
$107 million at year-end 2007.

The Bahamian Stock Market



BISX | CLOSING CHANGE VOLUME YTD PRICE
SYMBOL PRICE CHANGE
AML $1.84 3 0 10.84%
BBL $0.89 w. 0 4.71%
BOB $9.43 $- 0 -1.87%
BPF $11.80 $- 200 0.00%
BSL $14.60 $- 0 0.00%
BWL $3.60 qs 0 -1.64%
CAB $14.00 $-0.03 2,000 16.18%
CBL $7.30 $- 6,379 -13.40%
CHL $2.87 $- 0 -8.89%
CIB $12.30 $- 0 -15.75%
CWCB $3.85 $-0.11 0 -23.61%
DHS $2.95 S: 0 25.53%
FAM $8.00 $- 0 11.11%
FBB $2.35 % 0 -11.32%
FCC $0.41 $ 200 -46.75%
FCL $5.55 S. 8,160 7.14%
FIN $12.50 $- 0 le 3.47%
ICD $6.79 — 2h 4 -6.34%
JS}. $12.00 $- 0 9.09%
PRE $10.00 $: 0 \ 0.00%
DIVIDEND/AGM NOTES:



e Finance Corporation of the Bahamas (FIN) has declared a
quarterly dividend of $0.13 per share, payable on June 12, 2008,
to all shareholders of record date June 5, 2008.

¢ Fidelity Bank (Bahamas) (FBB) has declared a quarterly
dividend of $0.02 per share; payable on June 25, 2008, to all
shareholders of record date June 10, 2008.

¢ Commonwealth Bank (CBL) has declared a quarterly div-
idend of $0.05 per share, payable on June 30, 2008, to all share-
holders of record date June 13, 2008.

¢ Colina Holdings Bahamas (CHL) announced it will be
holding its Annual General Meeting on June 11, 2008, at 5.30pm
at the J.W. Pinder Building, Collins Avenue, Nassau, Bahamas.

¢ FOCOL Holdings (FCL) announced it will be extending the
deadline of its private placement offering over the-course of the
next six months. The preferred shares will be paying a divi-
dend rate of prime + 1.75 per cent, payable semi-annually.



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Royal Island (Bahamas) Limited

Bir. di EMPLOYMENT |

-.Royal Island (Bahamas) Limited, the daveloues of the Royal islakd’ Resort and
- Residential Project, JS off North Eleuthera wish to fill the following position:

area or have won an
award.

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

EMPLOYMENT
a ee

Media Company seeks young persons
who are computer literate and have
some experience in QuarkXPress.

Kstimator/Quantity Surveyor

This is a Senior Level Individual should be a generalist and capable of preparing
detailed estimates through all phases of the project. The Successful Candidate
will:

Report to the Vice President of Resort Development on all matters relating
to the Project.

Operates as the focal point for all construction estimating.

Provides the construction team with cost guidance during all phases of the

construction. we

Tests the estimates for reasonableness based on comparable / equivalent

historical data. ~~

Evaluates all design documentation and assist in value engineering reviews.

Responsibility for monitoring specific budget break down for construction

or trade packages based on the overall Project Budget.

Participates / assists in the preparation of individual package scopes of work

together with Consultant and vendor Requests for Proposals (RFP) or

Invitations to Tender.

Assists in pre-contract tender evaluations and award negotiations.

Assist with daily management of Contracts with specific responsibility for

negotiating Contract Directives (CD).

Provides monthly input to the Estimated Final Cost (EFC) / Budget Status

Report.

Please apply to:

Qualifications and Experience:

DA60743
c/o Tribune
P.O. Box N-3207
Nassau, Bahamas

° Ten (10) Years of related Experience within the Luxury
° Resort/Development Industry and a degree in Construction Management or
equivalent.

The successful candidate will be required to work on Royal Island Bahamas.
Interested persons should submit their resumes with cover letter to:

Fax to: (954) 745-4399
: Or

or fax to (242) 328-2398 Email to: aileen.miller@royalislandbahamas.com

Royal Island (Bahamas) Limited thanks all applicants for their interest,

however only those candidates under consideration will be contacted.



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Compatt performance at an incomparable price
PAGE 6B, TUESDAY, JUNE 10, 2008

Pictet Bank & Trust Limited
(incorporated under the laws of the Commonwealth of The Bahamas)

Consolidated Balance Sheet
As of 31 December 2007
(Expressed in Swiss francs)



Note 2007 oo. 2006
CHF CHF
ASSETS
Cash and due from banks ,
Cash, demand and call deposits 246,056,331 137,986.620
Time deposits 103,651,019 143,692,439
Loans and advances 172,782,461 181,408,527
4 2
Investments in associated companies 5 ee ae
Derivative financial instruments : 1 16,220,622 23,421,
Other assets : 6 18,514,252 3,302,574
Total assets - 564,868,612 498,293,895
LIABILITIES ‘ "ee
Deposits from banks 7 84,657,102 112,580,718
Customers’ depesits . 8 ; 345,448,508 266,466,597
Derivative financial instruments Bt 15,630,065 22,854.749
Other liabilities 4,053,107 2,975,653
Total liabilities 449,788,782 _ 404,877,717
EQUITY
Attributable to equity holders of the Bank
Share capital 9 30,000,000 _ 25,000,000
General reserve 13 2,000,000 2,000,000
Retained earnings 79,289,489 66,416,578
111,289,489 93,416,178
Non-controlling interest . 3,790,341 S
Total equity 5 : 115,079,830 93,416,178
in Total liabilities and equity 564,868,612 498,293,895





APPROVED BY THE BO.

ee Nae som :

23 May 2008,
Date

F DIRECTORS AND SIGNED ON ITS BEHALF BY:

Notes to Consolidated balance sheet
31 December 2007

1. General Information
See -

Pictet Bank & Trust Limited (the Bank) is incorporated inder-the-Companics Act, 1992 of
the Commonwealth of The Bahamas and licensed under the Banks and Trust Companics
Regulation Act, 2000 to carry on banking and trust business from within The Bahamas. The
Bank is also licensed in The Bahamas as an investment fund administrator under the
Investment Funds Act, 2003, and a class JI broker/dealer under the Securities Industry Act,
1999. The Bank and its subsidiaries (together, the Group) provide banking, custody, trustee,
investment management, advisory, nominee and directorship services.

The Bank’s ordinary shares are wholly owned by Pictet Holding Corporation, a company
registered in The Republic of Panama, which is one of a group of enterprises controlled by
the private banking partnership of Pictet & Cie, Geneva. Pictet & Cie and other entitics
directly or indirectly controlled or significantly influenced by Pictet & Cie are referred to as
related parties. In thie normal course of its operations, the Group has significant business and
other arrangements with related parties. The terms of these arrangements and the resulting -
transaction amounts are likely to differ from those that would have existed had the parties
been unrelated.

The registered office of the Bank is situated at Bayside Executive Park, West Bay Street and
Blake Road, New Providence, Bahamas. ‘

2. Summary of Significant Accoun ting Policies

Significant accounting policies applied in the preparation of the consolidated balance sheet
are set out below. These policies have been consistently applied to all the years presented,
unless otherwise stated.

(a) Basis of preparation

4 The consolidated balance sheet is prepared in accordance with International Financial
Reporting Standards (IFRS) and under the historical cost convention, as modified by

i the revaluation of derivative financial instruments. The preparation of consolidated

4 financial statements in conformity with IFRS requires management to exercise

i judgment in the process of applying the Group’s accounting policies. It also requires
management to make estimates and assumptions that affect the reported amounts of
assets and liabilities and disclosures of contingent assets and liabilities as of the date _
of the consolidated balance sheet. Actual results could differ from those estimates.
The areas involving a higher degree of judgment or complexity, or areas where
assumptions and estimates are significant to the consolidated balance sheet arc
disclosed in Notes 2(b), 2(g), 2(i) and 3.

In the current year, the Group adopted IFRS 7 Financial Instruments: Disclosures
and the amendments to IAS 1 Presentation of Financial Statements, which became
effective for fiscal periods beginning on or after 1 January 2007. The impact of the
adoption of IFRS 7 and the changes to IAS 1 has been to expand the disclosures
provided in the consolidated balance sheet regarding the Group’s financial
instruments and management of capital.

The remaining standards and amendments and interpretations to published standards
that became effective for fiscal periods beginning on or after 1 January 2007 were not
relevant to the Group’s operations and accordingly did not impact the Group’s
accounting policies or consolidated balance sheet.

The application of new standards and amendments and interpretations to existing
standards that have betn published but are not yet effective are not expected to have a
material impact on the Group’s accounting policies or consolidated balance sheet in
the period of initial application.

(b) Principles of consolidation

' Subsidiaries :
Subsidiaries are all entities over which the Group has the power to govern the
financial and operating policies, generally accompanying a holding of more than one
half of the voting rights. The existence and effect of potential voting rights that arc |
" currently exercisable or convertible are considered when assessing whether the Group
controls another entity. Subsidiaries are fully consolidated from the date on which

control is effectively transferred to the Group. They are de-consolidated from the date
on which control ceases. :

Inter-company transactions, balances and unrealised gains on transactions between
entities within the Group are eliminated. Unrealised losses are also eliminated unless
the transaction provides evidence of impairment.of the asset transferred: The
accounting policies of subsidiaries have been changed where ‘necessary to ensure
consistency with the policies adopted by the Group.

Associated companies

Associated companies are all entities over which the Group has significant influence
but not direct control, generally accompanying a holding of between 20% and 50% of
the voting rights. Investments in associated companies are accounted for using the
equity method of accounting and are initially recognised at cost.

The Group’s share of its associated companies’ post-acquisition profits or losses is

. tecognised in the consolidated income statement; its share of post-acquisition
movements in reserves is. recognised in reserves. The cumulative post-acquisition
Movements are adjusted against the carrying amount of the investments. If the
'Group’s share of losses in an associated company equals or excecds its interest in the
associated company, including any other unsecured reccivables, the Group will not
recognise further losses, unless it has incurred obligations or made payments on
behalf of the associated company. :

Unrealised gains on transactions between the Group and its associated companies are
eliminated to the extent of the Group’s interest in the associated companies.
Unrealised losses are also climinated unless the transaction provides evidence of an
impairment of the asset transferred. Accounting policies have been changed where
necessary lo ensure consistency with the policies adopted by the Group.

(c) Foreign currency translation

Functional and presentation currency

Items included in the financial statements of each of the Group’s entities are
measured using the currency of the primary economic environment in which the
entity operates (the functional currency). The consolidated balance shcet is presented
in Swiss francs, which is the functional and presentation currency of the Bank.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the
exchange rates prevailing at the dates of the transactions. F oreign exchange gains and
losses resulting from the settlement of such transactions and from the translation at

1S S28
. gubee

(d)

(e)

()

(g)

(h)

i)

@

(k)

®

(m)

THE TRIBUNE

year-end exchange rates of monetary assets and liabilitizs denominated in foreign
currencies are recognised in the consolidated income statement.

?
Loans and advances

Loans and advances to customers are recognised initially at fair value and subsequently
measured at amortised cost, less provision for impairment. A provision for impairment
is established when there is objective evidence that the Group will not be able to collect
all amounts according to the original terms of the loan or advance. The provision is the
difference betwcen the carrying amount and present value of estimated cash flows
discounted at the original effective interest rate.

Derivative financial instruments

Derivative financial instruments are initially recognised at fair value on the date on
which a derivative contract is entered into and are subsequently re-measured at their
fair value. Fair values are obtained from quoted markct prices in active markets,
recent market transactions, and valuation techniques, including disggunted cash flow
models and options pricing models, as appropriate. Derivative financial instruments
are carried as assets when fair value is positive and as liabilities when fair value is
negative.

Changes in the fair value of a derivative financial instrument are recognised in the
consolidated income statement.

Offsetting financial instruments

Financial assets and iiabjlities are offset and the net amount reported in the consolidated
balance sheet when there is a legally enforceable right to offset the recognised amounts
and there is an intention to settle on a net basis, or realise the asset and liability

simultaneously. , .
Property and equipment

Property and equipment are carried at historical cost less accumulated depreciation and
amortisation. Historical cost includes expenditure that is directly attributable to the
acquisition of the items. Subsequent costs are included in the asset’s carrying amount
or are recognised as a separate asset, as appropriate, only when it is probable that
future economic benefits associated with the item will flow to the Group and the cost
of the item can be measured reliably. Repairs and maintenance are charged to the
consolidated income statement during the financial period in which they are incurred.

Acquired software licenses are capitalised on the basis of the costs incurred to
develop/acquire and bring to use the specific software. Costs associated with
Yesearching or maintaining software programmes are recognised as an expense as
incurred. ,

Land is not depreciated. Depreciation and amortisation of all other fixed assets is
calculated using the straight-line method to write-off the cost of such assets over their
estimated useful lives (3 to 7 years). ,

The aggregate carrying value of property and equipment is included in “‘other assets” in
the consolidated balance sheet. Gains and losses on disposals are determined by
comparing proceeds with carrying amount and included in the consolidated income
statement.

Fiduciary activities

The Group acts as trustee and in other fiduciary capacities that result in the holding or
placing of assets on behalf of individuals, trusts and other institutions. These assets are
excluded from the consolidated balance sheet, as they do not belong to the Group.

Income and expense recognition

Interest income and expense for all interest-bearing financial instruments ‘are
recognised using the effective interest method.

Fees and commissions are generally recognised on an accrual basis when the service .
has been provided. Loan commitment fees are recognised as an adjustment to the
effective interest rate on the loan. Fees and commissions arising from negotiating or
participating in the negotiation of a transaction for a third ‘party, such as the
arrangement of the ‘acquisition of shares or other securities, are recognised on
completion of the underlying transaction. Trustee, asset management, custody,
advisory and other service fees are recognised based on the applicable service
contracts, usually on a time-apportionment basis. Performance linked fees or fee
components are recognised when the performance criteria are fulfilled. The Group’s
billing cycle is such that fees charged to customers are usually billed and collected i
the same accounting period that they are eamed.

Advisory and other fees allocated to the’ Group by related parties pursuant to the
terms of service contracts are recognised when the right to receive payment has been
established.

All other income and expenses are recognised on the accrual basis.

Employee benefits

The Group makes contributions to a defied contribution bonus plan and savings
scheine established for its employees and has no further payment obligations once the
contributions have been made. The Group’s contributions to the bonus plan and savings
scheme are recognised as employee benefit expense when they are ‘due.

Leases

The Group leases out office space under operating leases where a significant portion of
the risks and rewards of ownership are retained by the Group as lessor. Payments
received under such operating leases are recognised in the consolidated income
statement on a straight-line basis over the period of the leases.

Taxation

Under the current laws of the Commonwealth of The Bahamas, the country of domicile
of the Group, there are no income, capital gains or other corporate taxes imposed.

Corresponding figures

Where. necessary, corresponding figures are adjusted to conform with changes in
presentation in the current year. :

Financial Risk Management

The Group’s activities expose it to various types of risk in the normal course of business.
Such risks include fiduciary, liquidity, interest rate, credit and currency risks. The Group’s
financial performance is dependent on its ability to understand and effectively manage these
risks and its challenge is not only to measure and monitor these risks, but also to manage
them as profit opportunities.

(a)

Fiduciary risk

The Group provides significant asset management and advisory, custody, trustee and
corporate administration services to third parties. These activities give rise to fiduciary
risk, which is the risk that the Group may fail in carrying out certain mandates in
accordance with the wishes of its customers or fail to deliver expected performance
goals. To manage this exposure, the Group generally takes a conservative approach in

its fiduciary undertakings for customers,

(b)

Liquidity risk _

Liquidity risk is the risk that the Group might not have the necessary liquidity to meet
its contractual obligations as they become due: The Group manages its liquidity risk
by matching liabilities with assets of similar maturity periods. Significant financial
assets and liabilities of the Group may be classified, based on the period remaining
from the reporting date to the contractual maturity date, as follows: .

As of 31 December 2007

} Cash and

Period to due from Loans and Deposits Customers’

maturity banks advances from banks deposits
(Expressed in CHF 000s)
Demand and

short notice 246,056 96,107 14,288 325,378
Up to 3 months 103,651 48,737 44,964 18,123
3 - 12 months - 24,911 22,385 "1,948
Over 1 year - ___..3,027 3,020 :

349,707 172,782 84,657 345,449

As of 31 December 2006

Cash and

Period to _ due from Loans and Deposits Customers’

maturity banks advances from banks deposits
(Expressed in CHF 000s)
Demand and

short notice 137,987 111,347 53,243 257,737
Up to 3 months 143,692 33,844 25,101 4,863
3 - 12 months - 33,218 31,237 3,866
Over 1 year “ 3,000 3,000 be

281,679 181,409 112,581 __ 266,466

!

Sn es

DROSS

Hr ai a PERE EAS

TREES



A

S
B
a
fy
Ri







2
4
i

ed
THE TRIBUNE

1S 4R&

Advances to customers with no fixed terms of repayment are included in the maturity
listing as demand and short notice.

{c) Interest rate risk

Interest rate risk is the risk that the fair value or future cash flows of a financial
instrument will fluctuate because of changes in market interest rates. The Group has

exposure to the effects of fluctuations in the prevailing levels of market interest rates -

on its financial position (fair value of financial instruments) and cash flows. Interest
margins may increase as a result of such changes, but may decrease or create losses
in the. event that unexpected movements arise. The Group manages this risk by
maintaining assets and liabilities with similar principal values, interest rates and
maturity dates.

The table below summarises the Group’s exposure to interest rate risks. Included in
the table are the Group’s assets and liabilities at carrying amounts, categorised by the
earlier of contractual re-pricing or maturity dates. ,

: >



Non-
2007 8 Up tol 1-3 3-12 1-5 Over 5 interest
(Expressed in CHF 000’s) month months months years years bearing Total
Assets
Cash and due from banks
Cash, demand and call
deposits 140,205 : - - - 105,851 246,056
Time deposits 86,289 17,362 - ; ; ee
Loans and advances 99,792 45,052 24,911 3,027 - 172,782
Investments in associated
companies - - - - 7,644 7,644
Derivative financial
instruments - - - - - 16,221 16,221
Other assets oo : : : 18,514 18,514
Total assets 326,286 62,414 24,911 = _ 3,027 __ 148,230 _-_ 564,868
Liabilities .
Deposits from banks 3,290 41,674 22,385 - 3,020 14,288 84,657
Customers’ deposits 60,087 1,375 1,948 : - 282,039 345,449
Derivative financial
instruments =. “s - - - 15,630 15,630
Other liabilities - : : - = 44,053, = 4,053
Total liabilities 63,377 _-_ 43,049 __24333, = 3,020 316,010 __449,789
Total interest sensitivity .
gap 262.909 __ 19.365 __ S78?
2006
(Expressed in CHF 000°s)
Assets
Cash and due from banks
Cash, demand and call
deposits 102,992 : - - = 34,995 137,987
Time deposits 126,667 17,025 - : - 143,692
Loans and advances 120,356 24,835 33,218 - 3,000 - 181,409
Investments in associated :
companies - - - - - 8,282 8,282
Derivative financial eo $
instruments - - - - - 23,422 23,422
Other assets : : 7 : : 3,502 3,502
Total assets 350,015 __ 41,860 __33,218 = _ 3,000 _70,201 __ 498,294
Liabilities
Deposits from banks 1,510 23,591 31,237 - 3,000 53,243 112,581
Customers’ deposits 112,72i 835 3,866 - - 149,044 266,466
Derivative financial
instruments 2 - - - - 22,855 22,855
Other liabilities : : : ogee 2,976 __2,976
Total liabilities © 114,231 24,426 35,103 - 3,000 228,118 404,878
Total interest sensitivity
esp 235,784 _17434 _(1.885) ___- :
Included in, time deposits and loans and advances are amounts totalling
CHF 329,000 (2006: CHF 390,000) and CHF 1,405,000 (2006: CHF 902,000),
respectively, representing accrued interest receivable. Included in deposits from
banks and customers’ deposits are amounts totalling CHF 1,092,000 (2006; CHF
653,000) and CHF 69,000 (2006: CHF 103,000), respectively, representing accrued
interest payable.
(d) Credit risk
Credit risk arises from the potential failure of‘a counterparty to perform according to
the terms of a contract. From this perspective, the Group’s credit risk exposure is
primarily concentrated in deposits placed with other banking institutions, loans and
advances, derivative financial instruments with positive replacement values- and
guarantees. The Group’s places its deposits and takes derivative positions with high ,
quality international banking institutions, and its policy is to extend credit to
customers only when the Group is holding assets on behalf of the. borrowers ‘that can. -
be used as collateral to fully support the credit facility. oo. cs usc a4 !
The Group considers balances with related parties to be the most significant
concentration of financial assets, liabilities and off-balance sheet itemis, These
amounts are disclosed in Notes 5, 6, 7, 8, 10 and 11. The Group does not consider the
concentration of balances with third party banks and customers that might be
identified by categorisations such as geographical domicile of the customer, industry
groups, etc. to be germane to the potential risks inherent in the realisation of assets
and the availability of funding for the following reasons:
_@) __ The Board of Directors has established a list of banks, other than related parties, .
. with which the Group is authorised to conduct deposit placement business and
has established deposit limits for each bank. The limits are between CHF 130
million and CHF 500 million, including fiduciary deposits, and were observed
as of 31 December 2007.
(ii) | Credit facilities are extended to qualifying customers and are fully supported
by financial assets of the borrowers held under management by the Group.
Credit facilities are limited to approved credit ratios based on the value of a
customer’s cash and marketable securities held by the Group. As of 31
December 2007, 60% (2006: 40%) of the total value of loans and advances is
due from twelve (2006: ten) borrowers, all of whom are third parties.
(iii) The Group, pursuant to powers of attorney to manage customers’ assets,
controls the majority of customers’ deposits.
(iv) As of the balance sheet date, all credit exposures are current, with no past due
amounts.
The table below summarises the geographical location of the Group’s assets based on
the domicile of the counterparty.
,
: 2007 2007 * 2006 2006
CHF CHF
000’s % 000’s %
Assets :
Europe 264,192 ‘47 264,678 53
Switzerland 109,171 .19 49,104 10 |
Latin America & Caribbean 91,046 16 74,690 15°
Bahamas : 71,749 13 73,026 15
North America 23,645 4 18,167 4
Other 5,065 1 18,629. 3
_ 564,868 100 __498,294 100
(e) Currency risk
The Group takes on exposure to currency risk arising from the effect of fluctuations
in the prevailing foreign currency exchange rates on its financial position and cash
flows. The Board of Directors sets limits on the level of exposure by currency and in
total for both overnight and intra-day positions, which are monitored daily. As of the
balance sheet date, the Group’s assets and liabilities were primarily denominated in
US dollars, Swiss francs and Euros. The table below summarises the Group’s
exposure to currency risk.
As of 31 December 2007 CHF USD . EUR . Other Total
(Expressed in CHF 000’s) ,
Assets
Cash and due from banks 238,725: 22,507 62,689 25,786 349,707
Loans and advances 17,398 97,024 56,650 1,710 172,782
Investments in associated companies 2,167 5,477 ~ - 7,644
Derivative financial instruments 1,056 3,255 10,083 1,827 16,221
Other assets 12,218 __ 6,296 LBS
Total assets 271,564 _ 134,559 _ 129,422 29,323 564,868
Liabilities
Deposits from banks 12,702 38,045 33,870 40 84,657
Customers’ deposits 147,134 86,217 84,883 27,215 345,449
Derivative financial instruments 979 3,080 9,782 1,789 15,630
Other liabilities 3,567 467 NB 1 4,053
Total liabilities 164,382 127,809 _ 128,553 29,045 449,789
Net on-balance sheet position 107,182 6,750 869 278 115,079
Credit commitments/Guarantees 2,294 37,836 38,328 2,035 80,493
As of 31 December 2006
(Expressed in CHF 000s)
Assets
Cash and due from banks 200,687 20,807 38,953 21,232 281,679
Loans and advances 30,913 81,986 65,824 2,686 181,409
Investments in associated companics 2,115 6,167 - - 8.282
Derivative financial instruments 827 5,918 - 9,770 6,907 23,422
Other assets 1,002 2,500 ; : 3,502
— 1002 __ 2500 = — 3502
Total assets 235,544 117,378 = _114,547 30,825 498,294

a









10.

investments in associated companies comprise:

TUESDAY. JUNE 10, 2008, PAGE 7B



Liabilities .

Deposits from banks 37,9 19,526 54,344 . 767 112,581
Customs’ deposits 102,891 86,967 53,551 23,057 266,466
Derivative financial instruments 777 16,507 4,231 1,340 22,855
Other habilities 2433 541 : 2 2,976
Total liabilivies 144,045 123,541 112,126 25,166 __404,878
Net on-balance sheet position 91,499 (6,163) 2.421 5,659 93,416

Credit commitments/Guarantees 2,913 45,732 19,317 2,525 70,487

Subsidiaries

Subsidiaries comprise:

Country of | Ownership

____Incorporation Interest

Bayside Partners Ltd. The Baltamas 100%
Bayside Pictet Ltd. The Bahamas 100%
ETR Sponsors Ltd. The Bahamas 40%
NassBarr Investments Corp. The Bahamas 100%
NomNass Investments Corp. The Bahamas 100%
NassNom Investments Corp. The Bahamas 100%
Pictet Overseas Trust Corporation Limited The Bahamas 100%

Pictet Overseas Trust Corporation Limited is licensed to carry on, and engages in, trust
business from within The Bahamas and is an authorised agent for the purpose of receiving
securities into deposit on behalf of its clients. ETR Sponsors Ltd. provides investment
management and advisory services to an investment fund. Bayside Pictet Ltd. and Bayside
Partners Ltd. are involved in activities connected with the ownership of a commercial
office complex known as Bayside Executive Park and adjacent land, respectively, which
are located in the Western District of the Island of New Providence in The Bahamas.
NassNom Investments Corp., NomNass Investments Corp. and NassBarr Investments
Corp. are licensed in The Bahamas to provide nominee shareholder services and also
provide directorship services for the Group’s customers and otherwise remain inactive.

During the year, the Group acquired 40% of the share capital of ETR Sponsors Ltd., which
represents 100% of the voting shares. As a part of the transaction, the Group and the other
shareholders of ETR.Sponsors Ltd. entered into call and put options, respectively, which,
subject to certain events, would result in the Group. acquiring the shares of the other
shareholders based on their net asset value at the time of exercise.

Investments in Associated Companies '

2007 2006

CHF CHF

Shareholdings 1,228,707 1,228,657
ca 6,415,220 7,053,135
7,643,927 8,281,792

The advances to associated companies are interest-free and unsecured, with no fixed terms
of repayment. Associated companies comprise:

Country of Ownership

Incorporation Interest

Bayside Estates Ltd. (dormant) The Bahamas 50%

Bayside Holdings Ltd. The Bahamas : 50%

Bayside Management Ltd. (dormant) The Bahamas 50%
Bayside Holdings Ltd., Bayside Management Ltd., and Bayside Estates Ltd. are invoived in

‘activities connected with Bayside Executive Park and adjacent land, respectively; see Note 4.
Summary financial information pertaining to associated companies is as follows:

Assets Liabilities

CHF CHF
As of 31 December 2007
Bayside Estates Ltd. (dormant) 1,132,150 : -
Bayside Holdings Ltd. 13,348,545 14,083,027
Bayside Management Ltd. (dormant) ~ woe stat -
As of 31 December 2006
Bayside Estates Ltd. (dormant) 1,220,700 -



tr )$;840 688978 9416,075,130 Meta
anagement Ltd. (dormant)... © ...!ossc do, ‘ ; ?

TY ANE





Omer aeetsoh Iramasices ewiunm 2A dtiw Vaan) Owain ane
Included in “other assets” are fees receivable from related parties totaling CHF 10,200,000
(2006: CHF Nil). Also included in “other assets” are land, building, furniture, office
equipment and software with an aggregate carrying value of CHF 1,027,502 (2006: CHF
1,643,690). The Group occupies a building that was fully depreciated during the year that
has a historical cost of CHF 16,439,786.





Deposits from Banks
2007 2006
Related Related
Parties Others ’ Parties Others
CHF CHF CHF CHF
Demanid deposits 13,884,294 403,696 52,769,298 345,621
Call deposits - - - 128,173
Time deposits 70,369,112 : 59,337,626 he :
84,253,406 403,696 112,106,924 473,794
Customers’ Deposits ‘
2007 2006
Related Related f
Parties Others Parties Others
CHF CHF CHF CHF
Demand deposits 124,792,397 157,246,721 31,822,197 108,811,010
Cal* deposits - 43,338,642 50,000,000 ° 67,103,918
Time deposits * = - 20,070,748 383,456 8,346,016
124,792,397 220,656,111 82,205,653 184,260,948
Share Capital
2007 2006
CHF CHF
. Authorised share capital:
15,000 (2006: 12,500) shares of CHF 2,000 each 30,000,000 25,000,000
Issued and fully paid: .
12,500 ordinary shares of CHF 2,000 each 25,000,000 25,000,000
2,500 (2006: Nil) preferential shares of CHF 2,000 each _5,000,000 :

30,000,000 25,000,000

In May 2007, the directors and shareholders approved an increase in the Bank’s authorised
capital of CHF 5,000,000 through the creation and issue of 2,500 preferential shares of par
valite CHF 2,000 each. These shares were issued to a related party doniiciled in Switzerland,
in which certain key management personnel of the Group have an interest.

The ordinary shares are voting participating shares. The preferential shares are non-voting
participating shares with a preferential right to dividends. The dividend amount is not fixed.

Other Balances and Transactions with Related Parties

The following is a summary of balances and transactions with related parties that are not
disclosed elsewhere in the consolidated balance sheet:

2007 2006
CHF CHF
Pictet & Cie
Cash and due from banks 90,036,416 25,582,708
Derivative financial instruments (asset) 8,618,902 14,647,324
Derivative financial instruments (liability) 7,301,256. 8,544,975
Other related parties
Cash and due from banks 15,006,814 15,019,150
Other liabilities $50,000 ° -
e

The Group receives research, advisory, adr: inistrative and other support services from related
parties and certain of these services are received free of charge.
-

as.

11. Commitments and Contingencies

(a) Derivative financial instruments

The Group enters into forward currency contracts solely as part of its customer-related
activities. Forward currency contracts are contracts to purchase and sell foreign
currencies at specific rates of exchange on specific dates in the future. Risk arises from
the potential inability of counterparties to perform under the terms of the contracts (credit
risk) and from fluctuations in the foreign exchange rates (market risk). The Group
manages the market risk of customer-related positions by taking offsetting positions with
Pictet & Cie and other banking institutions resulting in minimal market exposure. The
credit risk of customer-related positions is managed by applying uniform credit standards
maintained for all activities with credit risk. Collateral held generally includes cash, cash
equivalents and investment securities.

The forward currency contracts open as of year-end relate to major currencies such as the
Euro, Swiss franc, UK pound sterling, Canadian dollar and US dollar. As of the
reporting date, the Group had contractual commitments under open forward currency
contracts as follows:

'

Commitments to purchase currencies:
Banks — Related party 72

Customers

A 2

3,281,203

2007 2006
CHF CHF
4,505,685 — 1,440,223,600
1,434,222,810

1,447,786,888 _2,874,446,410

Commitments to sell currencies:

Banks — Related party 723,188,039 — 1,434,1 14,707
Customers ____724,008,292 —_1,439,764,509
1,447,196,331 2,873,879,216

Â¥ 2 :
The contract amounts of these instruments reflect the extent of the Group’s involvement

in forward currency wh

ts and.do not represent the

Group’s risk of loss due to

counterparty non-performance (credit risk). The Group’s exposure to credit risk on
forward currency contracts is limited to those contracts with positive fair values, as
reported in the consolidated balance sheet. ;

(b) _ Guarantees issued

As of 31 December 2007, the Group was contingently liable for CHF 80,492,785
(2006: CHF 70,486,942) in respect of guarantees issued on behalf of its customers.
Assets held by the Group on behalf of the customers have been pledged as collateral in
. full support of these guarantees.

12. Capital Management

The Group’s objectives when managing capital are to maintain a strong capital base to support
the development of its business, provide returns for its shareholders and benefits for other
stakeholders and comply with the capital requirements mandated by the’ Central Bank of The

Bahamas (the Central B.

ank).

Capital adequacy and the use of regulatory capital are monitored by the Group’s management,
employing techniques designed to ensure compliance with guidelines established by regulators.
The required information is filed with the Central Bank, the principal regulator, on a quarterly

basis.

The Central Bank requires that the Group maintain a ratio of total regulatory capital to risk-
weighted assets at or above a minimum of 8%.

For the Group, there is no difference between the composition of regulatory capital and the
components of equity as shown in the consolidated balance sheet. The Group has complied
with all of the externally imposed capital requirements to which it is subject.

13. General Reserve

The general reserve has been established by appropriations of retained earnings and is not

intended for distribution. This reserve can onl

shareholders.

14. Fair Value of Financial Instruments

ly be distributed with the approval of the

Financial instruments utilised by the Group include recorded financial assets and liabilities,
as well as items that principally involve off-balance sheet risk. It is the Group’s policy not
to take on material exposure to its financial position and cash flows due to the effects of
fluctuations in prevailing foreign currency exchange rates. As the Group has no significant
unmatched foreign currency positions, change in interest rates is the main cause of changes
in the fair value of the Group’s financial instruments. The majority of the Group’s financial

- %

instruments are either short-term in nature or have interest rates that automatically reset to
market ona periodic basis. Accordingly, the estimated fair value is not si gnificantly different
+ from the carrying value for each major category of the Group’s recorded financial assets and

“liabilities. :



PRICEWATERHOUSE(COPERS ©

INDEPENDENT AUDITORS’ REPORT

To the Shareholders of Pictet Bank & Trust Limited .



PricewaterhouseCoopers

Providence House

East Hill Street

P.O. Box N-3910

Nassau, Bahamas
“Website: www.pwe.com

E-mail: pwcbs@bs.pwe.com

Telephone (242) 302-5300

Facsimile (242) 302-5350

We have audited the accompanying consolidated balance sheet of Pictet Bank & Trust Limited (the Bank)

and its subsidiaries (together, the Group) as of 31 December 2007 and a summary of significant

accounting policies and other

explanatory notes.

Management's Responsibility for the Financial Statements

Management is responsible for the preparation and fair presentation of this consdlidated balance sheet in

accordance with International Financial Reporting Standards. This re:
implementing and maintaining internal control

financial statements that are free from material Misstatement, whether due

applying appropriate accounting policies; ‘and

circumstances.

Auditors’ Responsibility .

as discussed below, we condi

Those standards require that we comply with ethical requirements

. -Our responsibility is to express an opinion on this consolidated balance sh

ucted our audit in accordance with Interna

obtain reasonable assurance whether the balance sheet is free from material

An audit involves performin
the financial statements. Th
assessment of the risks of mai
In making those risk assessm
and fair presentation of the
the circumstances, but not for
internal control. An audit also

reasonableness of accounting estimates mad
presentation of the financial statements.

We believe that the audit evidence we have obtained i

our.audit opinion.

Basis for Qualified Opinion

sponsibility includes: designing,
relevant to the preparation and fair presentation of

to fraud or error; selecting and

making accounting estimates that are reasonable in the

eet based on our audit. Except
tional Standards on Auditing.

and plan and perform the audit to

misstatement.

g procedures to obtain audit evidence about the amounts and disclosures in

e procedures selected, depend on. the -auditors’ judgment, including the
terial misstatement of the financial ‘statements, whether due to fraud or error.
ents, the auditors consider internal control relevant to the entity’s preparation
financial statements in order to design audit procedures that are appropriate in

the purpose of expressing an opinion on the. effectiveness of the entity’s

includes evaluating the appropriateness of ac

counting policies used and the

é by management, as well as evaluating the overall

s sufficient and appropriate to provide a basis for °

PAGE 8B, TUESDAY, JUNE 10, 2008

THE TRIBUNE



a EO
Government reviewing copyright enforcement

@ By CARA BRENNEN-
BETHEL
Tribune Business

Reporter

THE government is under-
taking an extensive review of
modern copyright enforcement
to ensure that the Bahamas
remains competitive in this area
and to ensure that the country
remains off censure lists.

Minister of State for Legal
Affairs Desmond Bannister, in
his budget contribution in the
House of Assembly yesterday,
said the Registrar General has
been given a mandate to under-
take comprehensive reviews of
modern copyright systems such
as The Library of Congress in
the USA and seek to implement
a state of the art copyright reg-
istration system in the Bahamas.

“Additionally, an advisory
committee appointed by the

minister has provided draft leg-
islation, which is being circulated
to industry partners for consid-
eration. It is anticipated that new
legislation will provide for the
introduction of the lucrative con-
cept of registering service marks,
which will have the potential of
positioning the Bahamas in an
even more competitive position
in an ever growing global envi-
ronment and pave the way for
future internationally compliant
intellectual property legislation,”
he said.

Mr Bannister thanked the US
government and the US embassy
for assisting the various arms of
government in the institutional
strengthening of the various
issues affecting intellectual prop-
erty protection and enforcement.

He also noted that officers
from the Registrar General’s
Department, the Attorney Gen-
eral’s Office, and other law

NOTICE

IN THE ESTATE OF CAPTAIN AUDLEY

AUSWELL PATRICK: RUSSELL

late of

FREEPORT, GRAND BAHAMA one of the
Islands of the Commonwealth of The Bahamas,
deceased.

Notice is hereby given that all persons having
any claim or demand against the above Estate are
required to send their names, addresses and
particulars to the same certified in writing to the
undersigned-on or before the 14th of July, C.E.,
2008 and if required, to prove such debts or claims,
or in default be excluded from any distribution; after
the above date the assets will be distributed having
regard only to the provéd debts or claims of
which the Executors shall have had notice.

And Notice is hereby given that all persons
indebted to the said Estate are requested to make
full settlement on or before the aforementioned date.

Dated the 23rd day of May, C.E., 2008

MCDONALD & CO
Attorneys for the Executors
Chambers
Lex House, Settler’s Way
Freeport, Grand Bahama, Bahamas



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enforcement agencies have been
or will be sent on training cours-
es on intellectual property
enforcement and prosecution.

“As a result of these com-
bined efforts and prolonged
negotiations with the United
States Trade Representative
Office as spearheaded by the
Registrar General Department
and other government agencies,
the Bahamas for the second year
in a row does not appear on the
Special 301 lists. This is quite
significant as the Bahamas has
been listed for the previous six
years.”

Mr Bannister further noted
that the intellectual property
department was relocated to
Appsley House at the beginning
of May and has more space to
seek to more adequately meet
its mandate.

“WIPO (World Intellectual
Property Organisation) has
undertaken the installation of a
special IPAS computer system.
This budget makes provision for
the proper staffing of this depart-
ment to populate the database.

This is critical to the Bahamas
seeking a competitive advantage
in this area, and it is worthy of
note that when we came to office
this department was some five
years behind in the process.”

CROSSROADS,

from page 1B



moved from Bay Street and
expressed the hope that the pri-
vate sector would be allowed to
drive the relocation process.

The Meet the Minister’s
Forum will be held on Thurs-
day, June 26, at Sandals begin-
ning at 8.30am. Other chamber
week activities include a mix
and mingle on Tuesday, June
24, beginning at 6.30pm and a
gala awards banquet on Satur-
day, June 28 at 8.15pm, both
events to be held at Sandals.

The mix-and-mingle event
will have a ten dollar donation
which will go towards the schol-
arship fund, for the winner of
the outstanding College of the
Business Student Award to be
given at the banquet. Other
awards will be the outstanding
businessperson, developing
entrepreneur of the year, busi=
ness of the year and a lifetime
achievement award.

Chamber officials will also
pay a courtesy call on the prime
minister that week as well.

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