Citation
The Tribune

Material Information

Title:
The Tribune
Uniform Title:
Tribune (Nassau, Bahamas)
Portion of title:
Nassau tribune
Place of Publication:
Nassau, Bahamas
Publisher:
Tribune
Publication Date:
Copyright Date:
2008
Frequency:
Daily, except Sunday
daily
normalized irregular
Language:
English
Physical Description:
v. : ill. ; 58 cm.

Subjects

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

Notes

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

Record Information

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

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Full Text
Volume: 104 No.176




CLOUDS AND
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USA TODAY

BAHAMAS EDITION













50-year-old has
his throat slit

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

MINUTES after he had given .

her his customary goodnight kiss,
a mother was awakened by the
sound of her son being murdered
in his bedroom in the early hours
of Saturday morning.

By the time she got to him,

Burnease Robertson’s 50-year-
‘= old son Charles, who lived in a

room next to hers in her Market
Street residence, had his throat
slit by an assailant who she
believes had been waiting for him

when he returned from work that:

night.

He.was discovered in a kneel-
ing position by the side of his bed,
with his head resting on his
crossed hands on the blood-
soaked mattress.

A 22-year-old Carmichael
Road man — the son of a woman
with whom Charles had been in a
relationship — is assisting police
with their investigations into the
matter.

At her home on the corner of
Market Street and Bahama
Avenue, 82-year-old Mrs Robert-

son-said that she believes her son!

’ was murdered for his pay cheque
' by someone who knew him and,
his routine.

He had returned from his job

as a chef “out West” at the usual

time — between midnight and
lam — but happened to have not
cashed his cheque as usual.

“Normally he’ll knock on the |

door, I’ll open the door and he’Il

come in. He’ll kiss me and he’ll:
walk in the back, put up his brief-’,
case, change his clothes and come '
back in here,” said Mrs Robert- :

son.
“This particular night...I had
already been in his room to cut on







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Charles Robertson

his light. When h@went in, I went
in my room and I lay down. Little
while, I hear something like a lit-
tle tumbling up, I raise up my
head, I come right out to my
room door and I listen. Jaint hear ,
nothin’. I went right back to my
bed and I lay my head back
down. I still hear like a tumbling
up, so I say Charles must’ve buck
up to the ironing board and fall
down. So I come out, I grab the
hammer off my bed, hold it in my
right hand, and came out here.
But I didn’t go straight in. If I'd
have gone straight in I wouldn’t
be here to talk to you today,” she
said.

His mother believes that her
calls to her son from outside the
bedroom door provided a signal
for his killer to flee through a win-

_SEE page 12


















Ua BODY of Charles MEARS is removed from his home

Turnquest to investigate ‘thousands
owed! to reserve police officers

i By MEGAN REYNOLDS
Tribune Staff Reporter

HUNDREDS of reserve police:

officers owed thousands of dol-
lars in pay have won the support
of Minister of National Security
Tommy Turnquest who has
vowed to investigate ne matter
further.

The reserve force of over 800
officers claim they are still owed
payment for over three months

_ work, and Mr Turnquest believes

the issue could be one of two
problems. .
He said: “It may be that the

officers are working more hours
than they are authorised to do,

and that could be a problem. Or it -

may be that the divisional com-
mander is not getting the pay slips
to the pay office in time.”

Reserve officers believe there is
a hold-up in the administration
process whereby the reservist sub-

mits a timesheet recording hours’

worked that month, which must
be checked and signed by a super-
vising officer at Police Head-
quarters before it is sent to the
treasury.

SEE page 12





Felipé Major/Tribune Staff

ny Turnquest



4

‘No major cause for concern’ over EPA

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

LOCAL business minds have down played the
possibility that signing onto the Economic Part-
nership Agreement with Europe opens the doors
for the Bahamas to be subject to even greater
free trade demands than that agreement calls for
by putting the Bahamas into a compromising
position in its future trade negotiations with the

United States.

Hank Ferguson, a consultant with the Bahamas
Chamber of Commerce, said that while it is to be
expected that the United States will use the terms



struck between the Caribbean and Europe “as a
baseline” when it negotiates the future of its trade
arrangements with the Caribbean there is no
major cause for concern.

the region.”

“There’s not a lot that America wants from
the Caribbean that it isn’t currently getting. We’re
all very dependent on direct investment from

' them’ so they’ve pretty.much gotten what they
wanted bilaterally from most of the countries in

He suggested that even if the Bahamas’ biggest

trading partner wins greater benefits in terms of

pepper jack cheese,

freedom of access for its goods and services going
into Caribbean countries than exists in the EPA

SEE page 13

WHHL
‘marine slams
WAC Re We

and commotore

- Zennerman Sherman



‘THE Defence Force and its

: commodore, Clifford Scavella,
: have come under fierce attack
: from a lieutenant who claims to
: be the first commissioned officer.
: to be fired from the force.

Former US marine Lieut

? Zennerman Sherman, 50, said
i the force is in sucha shambles
: that “it is like a powderkeg
i down there.”

And he blasted Commodore

Scavella as an officer with a
: colonial mindset who had fired

SEE page 12

Man stabbed

by a gang of

masked men

: ll By MEGAN REYNOLDS

Tribune Staff Reporter _
‘A GANG of masked men

stabbed a Haitian man sever-
: al times in the back when he
; refused to give them cash.

The 30-year-old Haitian

: was walking on St Vincent
: Road, off Blue Hill Road in
? Nassau,
: approached by three masked
? men who demanded money.
: When he refused, one of the
: masked men pulled out a
: knife and stabbed the Haitian
; man several times in the back.

when he was

They left him bleeding after

: the violent stabbing and ran
: off without stealing anything
: from the man. He was rushed
: to Princess.Margaret Hospi-
: tal by ambulance where he is
: in stable condition.

Police are appealing for wit-

nesses to the stabbing which
: took place at around 7.30pm
i on Saturday.

Anyone with any informa-

tion should call the police at
919"

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PAGE 2, MONDAY, JUNE 23, 2008

THE TRIBUNE



THE Royal Thai Embassy, Ottawa, in collabora-
tion with the Thai Trade Centre, Miami, and Atlantis,
Paradise Island, will stage a Thai Festival in Nassau
this week,

Activities at the Festival to be held at Atlantis include

displays of Thai arts and crafts such as intricate fruit ©

carving and the weaving of flower garlands, as well as
‘traditional dance performances.

The Chop Stix restaurant at Atlantis will be offering
a Thai dinner menu from June 24 to 29, where they will
introduce Bahamian edible plants and flowers to their
dishes. The Chop Stix also will give demonstrations
on the new cooking methods. Restaurant patrons will
enjoy performances of Thai dancers and a display of tra-
ditional Northern Thai style umbrella painting. The












MARIO LER






Degrees hang

Still engas








Newborns have your smile and demeanor
Role-plays of Uncle Mario are the norm of our day:
: Siblings atill pine anytime, anywhere, even today
And parent's love for our departed son strengthen with each te

You missed your wedding and the birth of your child
on walls - reflection of vehi time
There is no stench from your shoes and unkempt room
Memories of your warm embrace are missed in our homes
A generation is simply gone much too soon

We count our bicasings and give thanks to God

¢ in altruism that you use to warm your heart

But even in the midst of the beauty and joys of our life
We can't explain how much WE MI68 YOU!

2 WELOVEYOUS |
Love, Daddy, Mommy, Yasmine, Ashton, Mario, Luke, Leslie, Monty,

Leslia, Jaydian, Mikhail, Grand Bahama Mama, uncles, aunts,
your brotherinlaw, Andrew, and faithful frien

LOCAL NEWS

The Bahamas to host a Thai Festival |

" art of intricate fruit carving and flower garland weaving

also will be displayed during the week. i
On June 27, Atlantis will hold a luncheon in collab- :
oration with the Royal Thai Embassy for underprivi- :

from Thailand. Traditional Thai games also will be :
introduced to the children. The festival ends with a :
Thai dinner and cultural event that will be co-hosted by }
the Royal Thai Embassy and Atlantis. All benefits will :
be donated to Princess Margaret Hospital Foundation. :

Questions and further information can be addressed _
to Mrs. Michelle White at telephone 325-3581, 328- :
5134, 457-2399, or e-mail thaifestivalweek@hotmail.com. ‘





































January 20th, 1974 - June 22nd, 2002

till see you in the darkness
And in the merriment of the daylight
Slightest provocations remind us of you
Bringing bouts of sadness or welcomes gaicty too










Bahamian plans to
tr Dring Sir Lynden’s
story to big screen

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

A BAHAMIAN filmmaker living

in the United States wants to take the
story of “father of the nation” Sir
Lynden Pindling to the big screen.
- Calvin Harris, a former national
champion in the 400 metre sprint who
left the Bahamas 18 years ago for the
United States, is in town with an
American production crew to inter-
view figures who were close to Sir
Lynden for a documentary he is mak-
ing.

‘While not revealing the full extent
of the theory, Mr Harris said he will
ask in the movie whether Sir Lynden
was a victim of what he called a “Wag
the Dog” theory, having undue atten-
tion shone upon him to divert focus
away from “another thing that was going on in his-
tory at the time.”

Mr Harris added: “If everything is correct I think
we have a great opening for the film.”

However, he said that while the piece will show Sir
Lynden in an overall positive light, it will not shy
away from touching upon the controversy that sur-
rounded the Bahamas’ first black leader.

“We're trying not to dwell on that but it does
add flavour,” said Mr Harris.

To be entitled “On the Wings of Men” the docu-
mentary, set to be completed by the end of this year
is intended as a prelude to a movie, the film-maker

' hopes.

A movie script, based on five years of research on
the 25-year-long leader, is already in the works.

Since arriving in Nassau last week, his team has
interviewed Myles Munroe, Bishop Neil Ellis, Lof-
tus Roker and Charles Carter and today he hopes to
get some time with former prime minister and Pin-



olf Lynden Findling

c _ | dling associate Perry Christie, as well
as MP for West End and Bimini Obie
Wilchcombe.

By Tuesday, he also hopes to have
won some time with Sir Lynden’s wid-
ow, Dame Marguerite Pindling, with
whom he would like to probe a slight-
ly different angle of Sir Lynden’s lega-
cy.
“T mean really we’d like for her to
talk about the love story part, you
know, how did you meet, how did
you end up getting married,” he said.

The film-maker says he also wants
to know how Sir Lynden dealt with
the “challenges” that he faced dur-
ing his premiership, including the
Commission of Inquiry.

“How was he during those times
emotionally, how did he handle it-as a
leader?”

He feels the subject matter has the
right elements to make it a success and will be pitch-
ing it to American TV networks. é

“There are some really small projects that get on
air because they are unique. I think we have that
kind of uniqueness here. I think the subject is some-
thing that will interest people in that. kind of cate-
gory.”

He added: “What I’m learning today is that some-
times we think we know (Pindling). What I’ve been
learning over the last few days is that there’s some
things I didn’t know. Even after the four years of.
research and writing a script.”

Mr Harris also sees the forthcoming film as hold-.

‘ing educational value for young Bahamians.

“Hopefully come back to the Bahamas and screen
it, see what the Bahamians think about it,” he said.
“T would like this piece to serve as a piece that a
lot of the youth of the country can take 90 minutes

- of their time and watch it and say ‘wow, I learned

something’,” he added.





















and foreign investors in

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

GOVERNMENT hopes to
encourage, interest in joint busi-
ness ventures with Bahamians by

‘ European and Caribbean

investors through the Economic
Partnership Agreement with the
European Union.

According to Minister of state

for Finance Zhivargo Laing, the

“most significant change” that
will be made to the National
Investment Policy of the
Bahamas in light of the Econom-
ic Partnership Agreement with
the European Union.will be the
opening up of some industries to

. foreign participation only if the

outside investor agrees to join
hands with a Bahamian.

“One of the things that we
have always said in our invest-
ment policy is this — interna-
tional investors are encouraged
to join with Bahamians, but it’s
always at the discretion of
investors. What you will see is an



























effort where we are looking to
encourage Bahamian participa-

_ tion,” said Mr.Laing during a

press briefing on the EPA at the
Ministry of Finance.

It is not yet known which sec-
tors will be opened up to further
foreign access than they current-
ly experience on this basis.

The government has yet to
release the full offer being made
to the European Union by the
Bahamas in terms of the liberali-
sation of its service industries.

Mr Laing said that he does not
want to release the list of services
being liberalised more than they
are at present while the negotia-
tions with industry representa-
tives on the extent to which they
will open up to EU and
Caribbean competition is still
“dynamic.”

e4
Services _

: But he did suggest that by the
end of June — less than a month
before the EPA is scheduled to
be signed in Barbados — a list
should be made publicly avail-
able. “It’s 95 per cent complete,”
he said of the services offer to be
madetothe EU. .

What has already been deter-
mined is that the Bahamas is
required to open up further to
foreign competition at least 75
per cent of its service industries.

‘However, according to Mr
Laing, all of the areas currently
reserved for Bahamians under the
National Investment Policy will

remain reserved solely for |

Bahamians even after the deal is
signed.
These include: Wholesale and

Hopes of joint ventures with Bahamians
ight of EPA

retail operations, commission
agencies engaged in the import/
export trade, real estate and
domestic’ property management
agencies, domestic newspapers
and magazine publications,
domestic advertising and public
relations firms, nightclubs and
restaurants, except specialty,
gourmet and ethnic restaurants
and.restaurants operating in.a
hotel, resort complex or tourist
attraction; security services,
domestic distribution of building
supplies, construction companies,
except for special structures for
which international expertise is
required, personal cosmetic/beau-
ty establishments, shallow-water
scale-fish, crustacea, molluscs and
sponge-fishing operations, auto
and appliance service operations
and public transportation.

The EPA is a trade agreement
proposed to be signed by African,
Caribbean and Pacific countries
with the European Union. It

‘ affects the trade in goods and ser-

vices.

Negotiations began after it was
determined by the World Trade
Organisation that the old trade
arrangement between EU and
ACP countries was unfair to oth-
er countries who were members
of the WTO, as it gave ACP
countries beneficial access to the
European market that they did
not have to give Europe in return.

Government is set to hold a
series of around 12 public meet-
ings on the EPA across the
Bahamas in July to further inform
people about what it entails.

“We hope to get everyone to
understand, but I don't know if
everyone will agree,” Mr Laing
said on Friday. .



THE TRIBUNE

MONDAY, JUNE 23, 2008, PAGE 3





Trio in custody
over alleged
breach of
fisheries law

THREE male residents of
New Providence are presently
in custody at the Marsh Har-
bour Police Station ‘after they
were allegedly found in pos-
session of a prohibited fishing
apparatus, an air compressor.

At about 12.45pm on Fri-
day, a team of Fisheries Offi-
cers on Abaco were on
marine patrol off the eastern
coast of that island when they
came upon a fishing boat in
the area of Little Harbour.

Two divers were in the
water and one man was

onboard the vessel operating -

an air compressor for the two
divers.

As a result, the officers
arrested the three men — a
41-year-old resident of Valen-
cia-Drive, South Beach, a 35-
year-old of St Charles Vincent
Street, and a 33-year-old of
Fire Trail Road.

The fishing boat was
impounded and 744 pounds
of assorted scaled fish were
confiscated.

The men are expected to
face formal charges in the
Marsh Harbour Magistrate’s
Court on Wednesday.

$200,000
go-fast hoat
stolen at Abaco

POLICE in the Northern
Bahamas are seeking the
assistance of the public, par-
ticularly boaters and pilots in
the area, to look out for a go-
fast boat that was reported
stolen at Abaco on Saturday.

David Roland, 56, of Gua-
na Cay, Abaco, and River
Edge Drive, Miami, Florida;
went to the Marsh Harbour
Police Station and reported
that sometime between 8pm

Friday, and 6am Saturday, his. ;

green 27 ft Contender boat
with twin 250 horsepower
Yamaha outboard engines,
was stolen from the dock at
the rear of his residence. |

The vessel is valued at
$200,000. Anyone spotting
this boat is asked to contact
the duty officer at the Police
Dispatch Centre in Freeport
at 919 or 911.

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

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



INSIGHT
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behind the
news, read
Insight on
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‘This is a sign of

LOCAL NEWS

prison reform’

Minister hails
the renovated
female centre

lm MEGAN REYNOLDS

Tribune Staff Reporter |

batiyy iN:

THE sews -renovated Female
Correctional Centre at Fox Hill
Prison is a sign of prison reform in
action Minister of National Secu-
rity Tommy Turnquest said at the
rededication ceremony yesterday.

A $350,000 Government

investment in the facility aims to

provide women prisoners with the
right environment for rehabilita-
tion.

The building now has two air-
conditioned classrooms, a cos-
metology training laboratory as
well as two upgraded dormito-

_ Ties, a new kitchen, laundry room

and. correctional facility for
female juveniles.
Officers on-patrol have been

provided with an all-weather.

canopy outside the centre, where
the rededication ceremony was
attended by prison guards, offi-
cials and inmates who helped
rebuild the facility yesterday
afternoon.

In his speech Mr Turnquest
emphasised how the. revamped

female centre is a sign of better ~

things to come at Her Majesty’s
Prison in Nassau.

He stressed that prisons should
no longer be places to which crim-
inals are abolished, but places
where criminals are encouraged
to improve themselves for rein-
tegration in society.

Mr Turnquest said: “Each

‘inmate that walks out of Her

Majesty’s Prison returns to our
communities.

“If we honestly ask ourselves
what kind of person we want that
former inmate to be when he or
she is again our neighbour, then

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MINISTER OF NATIONAL SECURITY Tommy Turnquest tours the new facili-
ties yesterday at her Males s Prison rededication ceremony of the female cor-
rectional centre.

we will fully grasp the importance
of prison reform.

“We will do so because of the
indisputable evidence that reha-
bilitation is best achieved through
prison systems that are well man-
aged, where facilities are suitable,
where staff development is a pri-
ority, where oppression is not the
order of the day, and where each
inmate is given the opportunity
to develop.his or her God given
talents and competence, so when
they leave this facility, they stand
the best chance of becoming
good, contributing citizens.”

He added: “The rededication
of this Female Correctional Cen-
tre is prison reform in action.

“It is part of the fundamental
rethinking about crime and pun-
ishment in the Bahamas, a new

‘philosophy about what our
approach to these matters oughi
tobe.”

Other reforms at Her Majesty’s
Prison in Fox Hill Road include
the installation of a state-of-the-
art composting toilet in every
prison cell at a cost of $250,000,
and the $1.3 million construction
of a new single officer’s living
quarters. A wall of remembrance
has been dedicated to officers
who served at the prison.

Prison officers will have

MINISTER OF NATIONAL SECURITY
Tommy Turnquest speaks to inmates
yesterday at her Majesty’s Prison
rededication ceremony of the female
correctional centre.

enhanced insurance benefits,
more opportunities for education
and training, and inmates have
been pro-actively involved in ini-
tiatives designed to dissuade
young people from a life of crime.

Mr Turnquest said: “We are
turning this institution around, to
ensure the men and women who
walk free from it will become pro-
ductive members of our societies.

“The change, however, goes
deeper.

“It is in our new philosophy,
and changes in policies, proce-
dures, practices, the prison-com-
munity partnership, in the
improvement of skills and knowl-
edge of our personnel, and in var-
ious academic, technical and
vocational programmes.”



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PAGE 4, MONDAY, JUNE 23, 2008

SPO Mania MOM aad

THE TRIBUNE





The Tribune Limited

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

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

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

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

Publisher/Editor 1919-1972
Contributing Editor 1972-199]

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

Publisher/Editor 1972-

Published Daily Monday to Saturday

Shirley Street, RO. Box N-3207, Nassau, Bahamas
Insurance Management Building., P.O. 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

Mr Bush, lead or leave

TWO years ago, President Bush declared
that America was “addicted to oil,” and, by
gosh, he was going to do something about it.
Well, now he has. Now we have the new Bush
energy plan: “Get more addicted to oil.”

Actually, it’s more sophisticated than that:
Get Saudi Arabia, our chief oil pusher, to up our
dosage for a little while and bring down the oil
price just enough so the renewable energy alter-
natives can’t totally take off. Then try to strong-
arm Congress into lifting the ban on drilling
offshore and in the Arctic National Wildlife
Refuge.

It’s as if our addict-in-chief is saying to us:
“C’mon guys, you know you want a little more
of the good stuff. One more hit, baby. Just one
more toke on the ole oil pipe. I promise, next
year, we'll all go straight. I’ll even put a wind
turbine on my presidential library. But for now,
give me one more pop from that drill, please,
baby. Just one more transfusion of that sweet
offshore crude.”

It is hard for me to find the words to express
what a massive, fraudulent, pathetic excuse for
an energy policy this is. But it gets better. The
president actually had the gall to set a deadline
for this drug deal:

“I know the Democratic leaders have
opposed some of these policies in the past,”
President Bush said.

“Now that their opposition has helped drive
gas prices to record levels, I ask them to recon-
sider their positions. If congressional leaders
leave for the Fourth of July recess without tak-
ing action, they will need to explain why $4-a-
gallon gasoline is not enough incentive for them
to act.”

This from a president who for six years resist-
ed any pressure on Detroit to seriously improve
mileage standards on its gas guzzlers; this from
a president who’s done nothing to encourage
conservation; this from a president who has so
neutered the Environmental Protection Agency
that the head of the EPA today seems to be in
a witness-protection programme.

I bet there aren’t 12 readers of this newspaper
who could tell you his name or identify him in a
police lineup.

But, most of all, this deadline is from a pres-
ident who hasn’t lifted a finger to broker passage
of legislation that has been stuck in Congress for
a year, which could actually impact America’s
energy profile right now — unlike offshore oil
that would take years to flow — and create
good tech jobs to boot.

That bill is HR 6049 — “The Renewable
Energy and Job Creation Act of 2008,” which

extends for another eight years the investment —

tax credit for installing solar energy and extends



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for one year the production tax credit for pro-
ducing wind power and for three years the cred-
its for geothermal, wave energy and other
renewables.

These critical tax credits for renewables are
set to expire at the end of this fiscal year and, if
they do, it will mean thousands of jobs lost and
billions of dollars of investments not made.
“Already clean energy projects in the U.S. are
being put on hold,” said Rhone Resch, president
of the Solar Energy Industries Association.

People forget, wind and solar power are here,
they work, they can go on your roof tomorrow.
What they need now is a big U.S. market where
lots of manufacturers have an incentive to install
solar panels and wind turbines — because the
more they do, the more these technologies
would move down the learning curve, become
cheaper and be able to compete directly with
coal, oil and nuclear, without subsidies.

That seems to be exactly what the Republican
Party is trying to block, since the Senate Repub-
licans — sorry to say, with the help of John
McCain — have now managed to defeat the
renewal of these tax credits six different times.

Of course, we’re going to need oil for years to
come. That being the case, I’d prefer — for
geopolitical reasons — that we get as much as
possible from domestic wells. But our future is
not in oil, and a real president wouldn’t be hec-
toring Congress about offshore drilling today.

He’d be telling the country a much larger truth: :

“Oil is poisoning our climate and our geopol-

--itics, and here is how we’re going to break our

addiction: We’re going to set a floor price of
$4.50 a gallon for gasoline and $100 a barrel
for oil. And that floor price is going to trigger
massive investments in renewable energy —
particularly wind, solar panels and solar thermal.
And we’re also going to’ go on a crash pro-
gramme to dramatically increase energy effi-
ciency, to drive conservation to a whole new
level and to.build more nuclear power. And I
want every Democrat and every Republican to

' join me in this endeavour.”

That’s what a real president aula do. He’d

- give us a big strategic plan to end our addiction
to oil and build a bipartisan coalition to deliver .

it.

He certainly wouldn’t be using his last days in
office to threaten congressional Democrats that
if they don’t approve offshore drilling by the

Fourth of July recess, they will be blamed for $4-

a-gallon gas. That is so lame. That is an energy
policy so unworthy of our Independence Day.

(This article was written by Thomas L. Fried-
man -
c. 2008 Ney York Times News Service ).



Speaking up

for country’s

enforcement
officers

EDITOR, The Tribune.

THE recent article (Police
Aggression in Nassau Village),
hit a nerve in me, who the hell
do these anti-social, hop on the
bandwagon any timers think
they are? Anytime the police
come into Nassau Village or
anywhere in The Bahamas they
looking for trouble?

Please, “yinna gat to be jok-
ing!” Many of us know about
the “village” and the likes,
young men on the blocks smok-
ing dope, and hissing off at how
they hate the police “dese

young punks (young police offi-

cer), we hate dem and we'll f---
dem up if dey come round me!”
and all the spitfire from hell.

I don’t always agree with
what some of these pastors get
to say, but I fully agree with
what Pastor Simeon Hall had
to say in reference to these ille-
gal immigrants thinking any
kindness extended to them is
their rights. A lot of these peo-

ple come from unstable coun- .

tries, who: have been proven to
be chaotic, riotous, criminally
minded, anarchical, some from
the beginning of the 18th cen-
tury. Many, of these anti-
Bahamians come from homo-

geneous nations, why are they .

so hateful and spiteful against

each other?

Where there is no fear of the
true God (Jehovah) and
through the Grace of Our Lord

Jesus Christ, allynations-will per- «:

ish, prove: it watch the news,
read the papers, everyday there

is gloom and doom in those |
’ nations that do not put God first

in their daily lives. For me to

‘be pretentious and hypocritical

like I am not a lover and pro-

Bahamas would be a sin on my .

head as far as I’m concerned.
If you would go to anywhere
Europe, USA, Asia, Africa, etc,
you’d find the likes of me.

The Lord has been good to
us and I pray he would continue
to look favourably on my
beloved Bahamaland, I am
humble, and know that only His
grace and mercy has sustain this
country through good times and
bad times. Maybe, our justice

system is whack, but can we

readily say for sure that “you’re
innocent till proven guilty” in
this country and not by a court
of public opinion? Or, educa-
tion is whack in this country,
but all is mandated free educa-

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LETTERS

letters@tribunemedia.net



tion of whatever ones choos-
ing? Our Health services maybe
slow and some cases equip-
ment’s outdated, not sufficient
manpower, but, my Lord, is it
not mostly free of charge? Even
to the illegal and naysayers?
One time ago, almost every
Bahamian household was proud
of, or excited to get a Police
Officer child in the family. My
Daddy was a police officer
“Speed Cop” until his untimely
demise. I don’t know how true
these stories are, but I was told

he was that kind of Cop who -

would pull you over and give
you a “talk” and never arrested
anyone. I understood he was a
well liked Cop. Nowadays, “we
sO mix-up, some a we don’
know where we come from,
ain’t gat no culture, no pride in
we self” my lord!

Like any establishment or ©

environment, you will have rot-
ten apples, we have a rotten
society of hoodlums, and scum-
bags, who need to be reigned
in, from the drug-peddlers, gun-
trotters, prostitutes, politicians,
corrupt police, defense, immi-
gration forces, lawyers, doctors,
illegals, anti-establishment, pas-
tors, educators, business per-
sons, bosses, government offi-
cials, and the likes, start from

the top, expose them and trust
me we’ll see a drastic decline in
mayhem in the country. Shame,
brings on remorse, guilt brings
out the truth, this can be the
only way to clean up Our
Beloved Country, and give cre-
dence to that wonderful slogan
“It’s Better in The Bahamas.”
Continue, you brave and
determined officers of the peace
(including all Enforcement Offi-
cers), don’t give up, many of us
folks are behind you, hopefully
I speak also for those who can’t
or don’t have time to write or
just too scared to speak up (that
is how we get here in the first
place) and have our support,
continue on. Keep all of those
infested areas “hot” don’t let
these wicked scumbags get the
best of this Beloved Country,
continue on my brothers and
sisters. We, should be proud to
boast that our detection rate for
crime is almost 80 per cent or

_ more. I am so honoured and

grateful to be of this country,
and I ask all those foreigners,
expats, residence, status, lovers
of The Bahamas, to offer up
prayers for the continuation of
peace and God protection of

_ this country. Thanks so kindly

for your attention to this letter,
and as always continue be the
Champion Crusader for justice
for all in these beautiful islands.

R PRATT
Nassau,
p, une, 2 2008.

TE SB rON ATO

Thank you Inspector Grant!

EDITOR, The Tribune.

ON May 28, 2008 a call for help was made to:the Bahamas

. Humane Society because a dog was howling loudly and was either

hurt or had fallen into the canal in the Highland Park area. Inspec-
tor Percy Grant said that he was on the way and within minutes he
arrived with a helper. They went through the bush to the canal.and
found a dog swimming in the water and frantically trying to climb
up the sides to save its own life. He was lifted out and as. soon as his
paws touched the ground he ran away. This area is nothing new to
Inspector Grant because he has rescued animals from these canals

before.

The Bahamas Humane Society does a great work and they have
dedicated doctors and Inspectors who care. I would like to thank
Inspector Grant for his quick response in rescuing someone’s pet
from death. Inspector Grant has such a friendly personality and is
always so gentle and kind to animals. He is always willing to assist
pet owners in any way he can and he always tries to help animals

and has their well-being at heart.

Thank you Inspector Grant!

E SWEETING
Nassau,
June 18, 2008

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THE TRIBUNE



CARICOM leaders hold fruitful
meetings with New York officials

B Bahamas
Information Services
BROOKLYN, New York

An expressed willingness by
Jet Blue Airways to increase
flights to the Caribbean and expo-
sure to potential private sector
engagements in the economies of
CARICOM countries were
among the benefits emanating
from the New York Conference
on the Caribbean, according to
Prime Minister and outgoing
chairman of CARICOM Hubert
Ingraham.

“All of us were encouraged by

the comments made by Jet Blue;
a substantial carrier to our region
‘ about their willingness to increase
flights to the region, regard being

had to the high cost of fuel nowa- -

days, the inclination of some to
cut back on service to the region
and the importance of tourism to
our economies,” Mr. Ingraham
told reporters during a press con-
ference at the New York Stock
Exchange.

Heads and representatives of
the Caribbean Community gath-
ered in two days of meetings with
public and private sector officials
in New York, where matters of
trade, investment, touristic and
infrastructural development were
among the key items discussed.

Heads and representatives met
with U.S. House Ways and Means
Committee chairman Congress-
man Charles Rangle who spear-
headed this year's conference and
New York Mayor Michael
Bloomberg and other govern-
ment officials before meeting at
Goldman Sachs with the New
York City Partnership and exec-
utives of a number of private sec-
tor corporations and groups.

The conference closed with a
lunch meeting with president of
the New York Stock Exchange
Larry Liebowitz: Mr. Ingraham
added, “TI believe it is fair to say

that we were exposed to infor-

mation and potential opportuni-
ties for the agricultural sector of
our economies, the touristic sec-
tor, infrastructural development
and financing in a way I think
made it very clear that there are
opportunities for more private
sector engagement from the Unit-

ed States in the economies of ’

Rosetta St.



CARICOM countries.”

The Prime Minister noted that
that follow-up will take place
between a number of countries
and the various entities repre-
sented at-the New York meet-
ings. This year's conference was
held against the backdrop of the
extension of the Caribbean Basin
Initiative (CBI), which was pre-
viously set to expire in Septem-
ber, noted Prime Minister of Bar-
bados David Thompson.

He added that CARICOM's
meeting at Goldman Sachs cov-
ered a range of issues relevant to
the way financial resources from
private entities can assist the
Community in its development
effort as a region and as individ-
ual countries. A recurrent theme
throughout the conference was
the correlation between a pros-
perous Caribbean and a prosper-
ous United States.

Jamaica's Commerce and
Investment Minister Karl Samuda
stressed the importance of see-
ing beyond the “sun, sand and
sea” the Caribbean has to offer to
the wealth of investment oppor-
tunities that can be explored in

> the region.

“The Caribbean offers a fan-
tastic opportunity for invest-
ment,” he said. “We have the
tourism sector that has to be dri-
ven by imports into that sector.
Investment in the tourism sector
is investment for the future. The
Caribbean offers the greatest
future for tourism and expansion
for tourism.”

To illustrate his point, Mr.
Samuda pointed to the high per-
centage of agricultural and infra-
structural imports needed to dri-
ve the tourism industry of CARI-
COM countries, proffering that
this makes for a “golden oppor-

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LOCAL NEWS



tunity” for the establishment of
factories in the Caribbean to pro-
duce these products.
Congressman Rangle, during
his breakfast meeting with Heads
and representatives in Harlem

underscored the-importance of °

the two days of meetings, indi-
cating that government officials
and private sector entities now
know the importance of the
Caribbean to the Hemisphere and
to the United States.

It was an outcome also
acknowledged by Mayor Michael
Bloomberg, who pointed out that
approximately 11 per cent of New
York City has a Caribbean con-
nection. Mayor Bloomberg also
indicated his intention to become

' amember of the Lyford Cay Club

in New Providence.

Prime Minister Ingraham
meantime foreshadowed future
meetings bringing together
CARICOM leaders and private
and public sector officials in the
United States. :

“T think it is fair to say that all
of us would have benefited from
what has transpired so far and we
look forward to next year in
another American city such an
event taking place, and thereafter
somewhere in our region,” he
said. During his visit to New
York, Mr. Ingraham visited for-
eign service staff at the Bahamas'
Consular office. The Prime Min-
ister arrived in Washington on
Sunday afternoon to attend the
opening ceremony of the annual
Caribbean Tourism Summit.

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Sharon Turner/BIS Photo

PICTURED from left are Prime Minister and incoming chairman CARICOM of Antigua and Barbuda Baldwin

Spencer, Prime Minister and outgoing chairman of CARICOM Hubert Ingraham, Prime Minister of Barbados
David Thompson and President of the New York Stock Exchange Larry Liebowitz at a press conference at the

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PAGE 6, MONDAY, JUNE 23, 2008

THE TRIBUNE



Fishing trip nearly ends in tragedy

-Quote
week-

Betty Taylor
Journalist / Entrepreneur

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Tribune Freeport
Reporter
dmaycock@tribunemedia.net

FREEPORT - A fishing trip
for four Grand Bahama men
almost ended in tragedy on Sat-
urday when one man almost
drowned after diving overboard
into 20ft of water off High
Rock, Grand Bahama.

According to police reports,

Man almost drowns after diving
overboard into 20 feet of water

the 20-year-old victim is
presently hospitalized in stable
condition at Rand Memorial
Hospital.

Chief Superintendent of
Police Basil Rahming said the
victim and three other male
companions left around 8am

aboard a 17ft Island Crusader to
South Riding Point on a fish-
ing trip.

Three of the men dove into
the water, leaving one man to
operate the boat. The man giv-
ing watch noticed that one of
the men had failed to resurface

after about two minutes and
alerted the other divers.

The victim, a 20-year-old res-
ident of Lincolnshire, was dis-
covered floating unconscious|in
20ft of water.

The men pulled him aboard
the vessel and immediately
administered CPR. They were
met by police and EMS per-
sonnel at the Grand Lucayan
Waterway. He was then taken
to Rand Memorial Hospital.

















Ste eT ee



DURING A THUNDER:
STORM on Friday
morning, a catamaran
at the Moorings Mari;
na in Marsh Harbour
was struck by lightning
and exploded. The blaze
was put out through-a
combination of rain and
fire-fighters. The boat
has since sunk. lo

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JHE TRIBUNE



Caribbean leaders: The

ba

@ By Sir Ronald Sanders










ee

re G 6 Treachery, tribalism
Ke and mass murder is all
i that can result from a
ras false solution. To
‘accept such a Zimbabwe would

be a betrayal of our people, of

‘our principles and quite simply
(ince dead and detained men can

jeither canvass nor cast votes) a
betrayal of ourselves” — those
were the words of a joint state-
ment by Robert Mugabe and

Joshua Nkomo spoken at the
1979 London Conference that led
ito the independence of Zimbab-
we and the election of Mugabe
ig President.

In his sanctioning of wanton
killings and detention of his polit-
ical opponents, Mugabe has long
since forgotten those words.

* The joint statement went on to
btate: “We must remember here
that it has always been, and it
remains, the basic objective of the
atriotic Front to ensure that gov-
efnment of a genuine free Zim-
babwe is based upon free and fair
elections:”
Now in a betrayal, not only of
that pledge but of all the persons



d nations that stood up for an ~

ependent Zimbabwe based on
rhajotity rule, Mugabe has rigged

he election after the other and.

ds sworn not to accept the
results of an election on June 27th
if/it goes against him.
0! Mugabe has disappointed his
fiiost ardent supporters; he has
treated with contempt those who
téposed confidence in him in the
face of many doubters; and worst
of all he has destroyed his own
country and devastated his own
ople, thousands of whom have
ed-the country to neighbouring
states especially South Africa
here in recent times they have
een beaten by resentful and
hnwelcoming South Africans.
t= The current atmosphere in

babwe is not conducive toa .

ree and fair election. Fifty-three
eaths have been confirmed,
,000 people have been injured
and 30,000 people displaced dur-
ing the campaign. UN reports say
four million people are in need
of food aid and they are being
denied help by the Mugabe
tegime. The deputy leader of the
opposition party, the Movement
for Democratic Change (MDC),
Tendai Biti, is in police custody.
Soldiers have been ordered by
-their high command to vote for
Mugabe or lose their jobs and vil-
lagers all over the country have
been threatened with death by
the army. Ordinary people are
brutally chopped to death as an
example to others.
The governments of some
neighbouring African countries

have now spoken out against the -

glaring atrocities of the Mugabe
regime. Tanzanian foreign min-
ister, Bernard Membe, whose
government is the current Chair-
man of the African Union said:
“There is every sign that these
élections will never be free nor
fair”. His conclusion has been
reached on the basis of reports
from 211 election observers inside
the country, some of whom had
seen two people shot dead in
front of them on June 17.

|. South Africa’s President,
Thabo Mbeki, could have done
much more to bring an early end
to the destruction of Zimbabwe
and the wanton killing, by impos-
ing a trade embargo on Zimbab-
we, closing the border between
the two countries and stopping
financial transactions. Instead,
he handled Mugabe with kid
gloves and sought to reason with
him long after Mugabe had man-
ifestly shown that he was beyond
reasoning.

| The elections on June 27th are
now a huge farce.

' If Mugabe wins the Presidential
élection, no one anywhere in the
world could possibly accept it as
credible. Zimbabwe’s economy —
already a basket case, except for
the help of China — will deterio-
rate even further and Zimbab-
weans will suffer and die even
more. Undoubtedly, the US,
Canada and the European Union
countries will rightly apply strict
sanctions against the regime.

. The Chinese government will
have to decide whether in the face
of Mugabe’s glaring atrocities it
will continue to prop him up. It
would be sad for the Zimbab-
wean people if they took such a
decision.

| If, by some miracle, Morgan
Tsvangiri, wins this deeply flawed
Presidential election, Mugabe has
sworn not to accept the result.
Salling the opposition “traitors”,
he said: “Should this country be
taken by traitors ... It shall never





‘many other countries will be the

MIUINDAY, JUNE 23, ZUU8, PAGE /

“You Do The Math”

Father’s Day Greetings to all Fathers and
offers the eee (cash only) specials:

on Rane) SEUile(sl ES

happen ... We are prepared to go
to war for it". The response of
the EU, US and Canada and

same — the isolation of the regime
and sanctions.

Caribbean governments have a
right and an obligation to con-
demn the Mugabe regime in the
most vigorous terms and to send a
clear message now that they will
join an international effort to iso-
late his regime.

Caribbean persons Bich, as
Shridath “Sonny” Ramphal, as
Commonwealth Secretary-Gen-
eral, played a crucial role in the
achievement of majority rule, and
the independence of Zimbabwe.
Other Caribbean leaders, at the.
time, Jamaica’s Michael Manley,
Guyana’s Forbes Burnham and
Barbados’ Errol Barrow also
played their part in overturning
the Unilateral Declaration of
Independence by the white,
minority government of Ian
Smith. They all argued for free
and fair elections based on major-
ity rule, and an end to state sanc-
tioned killing of people who
opposed the government.

Today, Mugabe is no better
than Smith. He has spurned the
efforts of more recent Caribbean
leaders — most notably P J Pat-
terson, the former Prime Minister.
of Jamaica, who as Chairman of a
group of six Commonwealth
heads of government, tried his ©
best to persuade Mugabe to hon-
our the path to democracy.

By the time Caribbean heads
of government meet for their
annual Conference in July in
Antigua, the result of this farcical
June 27th election will be known,
and Zimbabwe will be plunged
into a deeper morass of dictator-
ial rule and atrocities than it now
is.

At that meeting, Caribbean
governments should unhesitat-
ingly join other countries in
imposing the strongest measures
against the Mugabe regime
including intervention by the
United Nations. But even before
then, Caribbean governments at
the highest levels should let
Mugabe know publicly that they
condemn his actions and that the
elections on June 27th are not
credible.

Tyranny in any colour must
be firmly rejected.

Store #1 (Farrington Rd.) — 325-0116
Store #2 (East Street) ~ 325-3474
Store #3 (Carmichael Rd.) — 341-3664



(The writer is a business con-
sultant and former Caribbean
diplomat) j





8 COLORS
ED NEXT TO JOHNS SHOE STORE ROSETTA ST,

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PAGE 8, MONDAY, JUNE 23, 2008 THE TRIBUNE

LOCAL NEWS |

INGRAHAM IN

Prime Minister Hubert Ingraham was in the US for the New York Conference on the
Caribbean. While there he was taken on a tour of the New York Stock Exchange. He also
attended a dinner for the Heads of Caribbean Community at the Mayor's official residence.





is pleased to offer:

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Tel: (242) 394-4781 /3 tor further information ae





PRIME MINISTER Hubert Ingraham (third from left) is pictured with Heads of the Caribbean Community who
were taken on a tour of trading at the New York Stock Exchange on Friday, June 20, 2008.



NEW YORK MAYOR Michael Bloomberg (left) chats with Prime Minister and outgoing chairman of CARICOM
Hubert Ingraham during a dinner for Heads of Caribbean Community at the Mayor's official residence on
Thursday, June 19, 2008. The dinner was part of events Srheduley during the New York Conference on the
Caribbean held June 19-20.

3 Year Manufacturers Warranty

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SALE RUNS JUNE 20th a 28th PRIME MINISTER Hubert Ingra-

Net-priced and already discounted items excluded. * ight ham is pictured with House Ways

aa and Means Committee chairman
Congressman Charles Rangle
outside Sylvia's Restaurant,
Harlem, New York. Heads of the
Caribbean Community met with
‘Congressman Rangle at a break-
fast meeting at the Harlem
Restaurant.

PHOTOS:
Sharon

Turner/
BIS Photo

HARBOUR BAY: 394-7660 / MARATHON MALL: 393-7979





THE TRIBUNE MONDAY, JUNE 23, 2008, PAGE 9

| LOCAL NEWS

“NEW YORK





The answer to rising gas |
poor roads, bad drivers a 0
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PRIME MINISTER and CARICOM chairman Hubert Ingraham makes a presentation on behalf of the
Caribbean Community to House Ways and Means Committee chairman cougiessiiai Charles Rangle during
a breakfast meeting at Sylvia's Restaurant in Harlem, New York.

E-CLASS



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Call us today for your new Mejcedes-Behy at at 325.4961

PRIME MINISTER and chairman of CARICOM Hubert Ingraham makes a presentation on behalf of the Wulff Road, P. 0. Box N 9123, Nassau, The Bahamas * Fax: 323.4667

Caribbean Community to President of the New York Stock Exchange Larry Liebowitz following a press con-
ference at the Stock Exchange on Friday, June 20, 2008.



We ee

» BS we

aa

CEO OF JET BLUE AIRWAYS CORPORATION David Barger (left) talks

with Prime Minister Hubert Ingraham during a breakfast meeting «piles ee
between Heads of the Caribbean Community, the New York City Part- oe a
nership and private sector business executives at Goldman Sachs on
Friday, June 20, 2008. Goldman Sachs is a global investment banking -
and securities firm.







TENDER FOR THE PROVISION OF
LANDSCAPING SERVICES
: (Administration Building)

Our responsibility

Brake Service * Suspension & Alignment * Exhaust
Oil, Lude & Filter “GOODYEAR TYRES”

The Bahamas Electricity Corporation
invites Tenders from eligible bidders for
the provision of Landscaping Services

(Administration Building) at the

Corporation’s main offices at Blue Hill

and Tucker Roads.

*American & imported Cars Light Trucks Vans & SUV's
*Complete Inspection & Estimates Before we start the work

Bidders are required to collect packages
from the Corporation’s Administration
Office, Blue Hill & Tucker Roads by con-
tacting Mrs. Delmeta Seymour,
Telephone No. 302-1158.

‘2 LOCATIONS TO SERVICE YOU—
MACKEY ST. & ROOSEVELT AVENUE
Tel: 393-6651 or 393-6693

Open: Monday - Saturday
8am~5pm

Tenders are to be delivered on or before
July 18th, 2008, 4:00 p.m.
and addressed as follows:

Mr. Kevin Basden
General Manager
Bahamas Electricity Corporation
Blue Hill & Tucker Roads
Nassau, Bahamas

Marked: Tender No. 671/08
Landscaping Services (Administration
Building) Blue Hill & Tucker Roads
Nassau, Bahamas

Fax 326-4865 * P.O. Box SS-6766 Nassau, Bahamas
AUTO SYSTEM EXPERTS

wn os
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eae tiiii te Factory scheduled maintenance is car card.
i Midas services your car fully. Our system takes the guesswork se
out of auto care for every car model out there. ——

The Corporation reserves the right to
accept or reject the whole or such part °
of any Tender the Corporation
deems necessary.





<—e" |
an
ss ot we



PAGE 10, MONDAY, JUNE 23, 2008

THE TRIBUNE



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DR. ANTOINE
ALLEN, B.Sc.
DVM.

REMEMBERS AND SAYS ©

THANKS.

SAO AH emer eUC RO MIM ack) Street Hy

S
:
a

=

LIVING up to its promise
to lead the way in fashion
modeling in the Bahamas, the
hip, new local model agency
Models242 has teamed up
with Ford Models New York
to conduct the most exciting
model search in Bahamian
history, the Ford Models
Supermodel of the Bahamas.

Beginning Wednesday,
June 25, Ford Models and
Models242 will start scouring
the Bahamas and the world to
find the freshest new face to
represent the Bahamas at the
prestigious Ford Supermodel



LOCAL NEWS

Ford models
coming to
the Bahamas

of the World Competition.

For the Supermodel
Bahamas finale in October, |
Ford Models, along with oth-
er noted industry profession-
als, will travel to Nassau and
select a local winner to com-
pete against.51 other young
women from around the world
for $250,000 in modeling con-
tracts with the world leading
agency.

“From its inception earlier
this year, Models242's goal
was to not only find tomor-
row's next crop of men and
women supermodels right

* here in our own backyard,”

says Models242 Communica-
tions Director, Christina
“Chrissy Love” Thompson,
“but we also had to find expo-
sure opportunities for them
once we discovered them.

“As we continue to orga-
nize our operations for its offi-
cial opening in October, we
are both pleased and excited
about this new and, hopefully,
long-lasting, relationship with
Ford Models and the Ford
Supermodel of the World
brand. We see this as another
positive step in bringing inter-
national exposure to the beau-
ty that so many of our young
women possess.

“At Models242, and with
the help of Ford, we are deter-
mined not to let this beauty

go unnoticed and unappreci- .

ated,” Ms Thompson said.
Iris Minier, director of.the

Ford Supermodel of the

World, says she is delighted







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Motlan: hattewa conera - rissost - alessa

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by mare + procn

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za sehouter © donna Karts auua sui
leo & gabbaaa

~odecutder EiCORCe Gg

SUPERMODEL OF THE WORLD

Eee tir

etccee.

to have the Bahamas on

board, and in welcoming the





On the sixth June 2008, | took the
Veterinarian’s oath at the oath-
taking ceremony. for the 2008
graduating class of the School of
Veterinary Medicine, University
of the West Indies, St.Augustine,
Trinidad and became entitled to the
professional qualification of a doctor
of veterinary medicine.

This completed a long and challenging journey and the realization of.a ee

dream.

It is.my humble pleasure to publicly remember and say thank you to the many persons
and institutions which have helped me Ayeuon many physical and educational
difficulties to this proud day.

In thanksgiving to God, | now dedicate this my life that has been so preciously nurtured
by so many to the healing of and caring for all God’s creatures great and small.

To my dad, Algernon Allen Sr., who provided me love, strength and sustenance at all

stages of my life, | say a heartfelt thanks. My Sehievement is the greatest father’s day

gift that | can give and that he desires.

And how can | thank my mom, Senior Justice Anita Allen, who not only gave me life,
but gave me love, support and encouragement, dedicating her life to my well-being
and the realization of my dream to become a doctor of veterinary medicine.

- | pay tribute to her indomitable will. She never ever despaired, no matter how difficult

the problem we faced. She always believed in me, she believed | could dl
my goal.

In my pain, my tears and my disappointments, my mom was my balm and comfort. In
my successes and achievements, she is ae greatest cheerleader and | give her the
greatest thanks:

To my brother and best friend Al Jr., and sisters, Aliya, Amil and Phylicia, my aunts and
uncles, particularly Pauline Allen-Dean, Beryl Dillett and Stephanie Dean, my cousins
and friends, | say thanks for your love-and support through all of these many years.

4

| also remember with love, my paternal grandmother Jestina Allen, now deceased, °

who cared for me during my infancy and continuously prayed for me through the many
rough days.

To all of the following persons who treated and cared for me through my health and

' physical challenges, | remember and say thanks: Dr. E‘Achara,(deceased) Dr. David
Sands, Dr. Patrick Roberts, Dr. Julie Wershing, the smile maker, Dr. Ralph Millard
(Plastic Surgeon), the Pediatric Cardiology Department of Jackson Memorial Hospital,
Dr. Winston Campbell, Dr. Robin Roberts, Dr Robin Nemery (Pediatric Endocrinologist),
Dr. Barry Russell, Dr. Kendal Major and Dr. Sparkman Ferguson.

To those who guided me through my educational journey, | say a profound thank you:
in particular, Ms. Gail Wisdom, (Academia), Mrs. Shawn Turnquest and Ms. Carol Fox,
Mrs, Linda Virgill and Ms. Andrea Gibson (Speech Therapists), Dr. Deborah L. Levy
( Development Resource Center, Hollywood, Florida), staff of St Andrews School,
particularly, Ms. Lesley Sands, Ms. Cathy Roach, Ms. Siddons, Ms. Judy Reiach,
Mr. Frank Coyle. Ms. Lavin, Mrs. Cole, Ms. Julie Arthur, the staff of Pickering College
(Ontario), Carleton University (Ottawa). Ms. Legell, Administrator of the Joyce, Innis
Gibson Hall (UWI), professors, clinicians, administrative, staff and the class of 2008 of
the School of Veterinary Medicine, UWI (St Augustine).

To those who otherwise assisted me and positively , impacted my life and to whom |
owe a debt of gratitude, | remember and say thanks fo: my guardians and confidantes
while at Pickering College, Mark (now deceased) and his wife Tricia Irwin, my guardian
Ms. Judy Rodrigues and her family (Ottawa), Dr. Godfrey Springer, Dr. Basil Sands, Dr.
Peter Bizelle, Dr.Mark Butler. Dr. Brigette Johnson, Dr. Kwesi Smith and Dr. Winston
Davis and last but by no means least, | thank The Ministry of Education, The Ministry
of Agriculture, The Sassoon Heart Foundation and the March of Dimes Foundation,
Miami, Florida.







» Bethel Brothers Morticians

Telephone: 322-4433, 326-7030
Nassau Street, P.O.Box N-1026

Saal y
FUNERAL SERVICE FOR

CONARD
JOSEPH KNOWLES,
C.B.E., 85

of Fire Trail Road and formerly

of McKanns, Long Island, will

be held on Tuesday, June 24th

at llam at Christ Church
Cathedral, George Street. The
Most Rev’d Drexel W. Gomez,
assisted by Fr. Atma Badhu, The
Very Rev’d Dean Patrick |.
Adderley, Archdeacon Keith
Cartwright and Fr. Michael Be
Maragh will officiate. Interment
will follow in Lakeview
Memorial Gardens, J.F.K. Drive.

His survivors include his wife of 62 years, Annette. Children:
Ronald & Gwendolyn; Joan & Fred; Paul & Yvette; Sonia, Dale.
Grandchildren: Obiama, Khari, Justin, Kelley, Demi, and Degario.
In Laws: Pastor Edward & Velma Allen; Durward & Delores
Archer; Patricia Archer.Nephews & Nieces: Wilfred & Cecile
Knowles; Dorothy, Ruth, Rudolph, Anne Knowles; Phillip &
Marilyn Knowles; Ivy Burrows; Lottie & Gregory Rahming;
Eloise & Dex Ritchie; Isabella & Ancel Pratt; Wanda Maragh;
Andy & Louise Gomez; Astrid (God-daughter) & Dean Patrick
Adderley;. Jonathan & Janette Johnson; Dr Pandora Johnson;
Gaynor Johnson; Barbara Major; Daphne Williams; Mrs. Angela
Archer; Mr. & Mrs. Anthony Archer; Florinda & Fr. John Clarke;

Valaria Smith; Fr. Delano & Agatha Archer; Persephone & Winston.

McQuay; Rosamund & Carl Stubbs; Lambert, Angela M.J Archer;

Diane & Hubert Dean; Drs. Godfrey & Gerry Pinder; Melanie &

Dr. Earl Farrington; Rev.Colin & Marjorie Archer; Donald &
Debbie Archer; Albert & Alexandria Archer; Robert & Marjorie
Archer; Sir Baltron & Lady Helen Bethel; Phillip & Yvonne
Bethel; Iris & Austin Knowles; Michael & Melanie Allen; Lyn
Archer.; First Cousins: Sir Albert & Lady Laurie Miller; Carl &
Ruth Brice; Gladys Brice; Kathleen Brice; Margaret & Samuel
Davis; Thelma Pyfrom; Rosie Thrower; Inez Edgecombe; Shelia
Brice; Mary Marshall; Dr. Rosebud Foster; Dr George Lightbourne.
Special Friends including: The Most Rev. Drexel Gomez & Mrs.
Gomez; Fr. Atma Budhu & Mrs. Budhu; Fr. Thaddeus & Mrs.
Pratt; Archdeacon Keith Cartwright; The Rt. Hon Hubert A.
Ingraham & Mrs. Delores Ingraham; The Rt. Hon. Perry Christie
& Mrs. Bernadette Christie; Sir Orville & Lady Turnquest; Mr.
Campbell & Mrs. Sharon Cleare; Mrs. Gracine Sermons; Mr.
Vernon Burrows; Mrs. Christine Williams; Mr. & Mrs. Roosevelt
Madison; Mrs. Bernice Madison; The Madison Family; Mr. &
Mrs. Ulric McIntosh; Mrs. Dewena Albury; Mr. & Mrs. Basil
Sands; Dr Perry & Mrs. Carmen Gomez; Dr. Duane Sands
(Godson); Dr. Ilsa Grant; Dr. Robert Gibson; Dr. Conville Brown;
His Excellency Paul and Mrs Fargharson; Mr. & Mrs. William
Patterson; Dr. Carlos & Loretta Thomas; Ms. Sandra Johnson;
Mr. Steve & Donna Bell; Mrs. Shirley Brennen; Mrs. Edna Barrow;
Mr. & Mrs. Wellington Dorsett; Mr. & Mrs. Simeon Smith; Mr.
& Mrs. Keith Mason; Dr. & Mrs. Conrad Sweeting; Mr. Marcellus
Taylor; Capt. Don and Mrs. Bridgette Symonette; Mrs. Sonia
Marshall-Rolle (God-daughter); Ms. Cleomi Parker; Petty Officer
Daniel & Inspector Sandra Miller; Mr Aubrey Sherman; Mr. Pat
Paul; Ms. Paula Gibson. Numerous Relatives and many
wonderful friends including St. Gregory’s Church Family; The
Valley; The Long Island Association; The Kidney Centre (Nassau
& Freeport); The Counsellors Limited; Knowles, McKay &
Culmer; Bayview Dental Centre; Frederic Bien-Aime; Dieudasse
Dorcelie Elaine Stubbs; and Alfreda Quant.

Friends may pay their last respects at St. Gregory’s Anglican
Church, Carmichael Road on Monday, June 23rd from 12 noon
to 6p.m. A service of Thanksgiving will be held at S5p.m There
will be no viewing at the Cathedral.



Pokus se @apeeee



DV Soyon) ence ye eer

island nation as the newest
member of its prestigious
model search: family, she

» added: “I eagerly anticipate a

successful collaboration this
year and a long-lasting, fruitful
partnership for years to
come.”

Founded in 1946 by Eileen
and Jerry Ford, Ford Models
has been the leader inthe

"modeling industry, represent-

ing more than 4000 talented
individuals worldwide, includ-
ing Lindsey Lohan, Christy

' Brinkley, Chanel Iman,

Roshumba Williams, Sonja
Wade, Stephanie Seymour,
and Elle McPherson.
Winners and finalists of the
international Supermodel of
the World competition, now
in its 29th year, has graced the
covers of the most prestigious
magazines and appeared in
the most fashionable adver-
tising campaigns. Among
them, notable media super-
star, Chanel Iman, has already
appeared on the cover of
American Vogue, Teen
Vogue and in campaigns for

, the Gap and Benetton.

Interested applicants for
the national event must be
female citizens or legal resi-
dents of The Bahamas — pro-
fessional or non-professional
models — living locally or
abroad, between the ages.of
14 and 20 years of age, and
between 5'8” and 5'11,” with a
body structure befitting the

_ job required.

Entry deadline for the Ford
Supermodel of the Bahamas
is September 1, and a mini-
mum of 10 young women will
be selected to be made over
for the October finale.

“With this history making
opportunity right here in our .
midst,” says Ms Thompson, “I
hope that the whole commu-
nity will get behind Ford Mod-
els, Models242, and the Ford
Models' Supermodel of The
Bahamas model search event,
as they are all providing our
young people with avenues for
bettering themselves and, pos-
sibly, the community of peers
around them.”



“We see this as
another positive
step in bringing
international
exposure to the
beauty that so
many of our
young women
possess.” |

CS
Christina Thompson



THE TRIBUNE

MONDAY, JUNE 23, 2008, PAGE 11



Felipé Major/Tribung staff



SMASHED:
Two motorists
were serious-
ly hurt after
their cars were
in collision on
Carmichael
Road on Sat-
urday morn-
ing. The vehi-
cles collided
almost head-
on.

Court to hear complaints about
conduct of local govt elections

Applicants file for judicial review

@ By ALISON LOWE
Tribune Staff Reporter
alowe@tribunemedia.net
JUSTICE Jon Isaacs will

today hear the arguments of

those who have filed for a judi- ,

cial review of the actions of the
minister of local government
and the parliamentary commis-
sioner in relation to the upcom-
ing local government elections.

The proceedings will begin at
9am in the Supreme Court, and
the voters who are taking action
against the minister, Sidney Col-
lie, and the parliamentary com-

missioner, Errol Bethel, are to
be represented by lawyer
Damien Gomez. °

The applicants complain,
among other things, that the
Minister has purportedly sought
to change polling divisions and
the numbers of Councillors to
be elected in specific polling
divisions without notice and
without lawful authority.

The applicants also claim that
the Minister and Parliamentary
Commissioner have failed to

. comply with the notice provi-

sions for nomination of candi-
dates in contravention of the

Sidney Collie



relevant statutes. The relief
claimed includes an order pro-
hibiting the Minister from con-
ducting the Elections ultra vires
the Local Government Act and
the Parliamentary Elections
Act.

Defence Force Marine completes disaster preparedness course

LEADING Mechanic Lynden
Leadon of the Royal Bahamas
Defence Force recently returned
from a four-week disaster pre-
paredness Operations Specialist
course at a US Naval Base in the
United States. The training was
sponsored by the International
Military Education Training
*(IMET) scheme which is facili-
tated by the American Embassy.

The course was designed to
provide officers, civilians and

enlisted personnel having respon- ©

sibility for disaster preparedness
and mitigation, with the skills nec-
essary to prepare for, defend
against, and recover from major
natural or man-made disasters.
The timely month-long training
was undertaken at the Centre for
Seabees and Facilities Engineer-
ing Detachment in Fort Leonard
Wood, Missouri.

AVY (eA Leadon



Some of the topics covered
included disaster preparedness
development planning, natural
and man-made threats, threat
assessment, shelter management,
radiological surveys and hazards,
identifying chemical and biologi-
cal agents and general hazardous
threats assessment. Participants

DEATH
ANNOUNCEMENT



were required to employ their
newly acquired skills through par-
ticipation in a simulated terror-
ist attack on personnel and equip-
ment. They were placed in a
chemically toxic environment at
the Chemical Defence Training
facility, and were required to
effectively diagnose complaints

~ associated with certain chemicals,
and administer medication to

affected personnel.

Numerous members of the
Force have now successfully
undergone the training, and they
are employed in vitally strategic
areas which can directly benefit
from their expertise should the
need arise. Leading Mechanic
Leadon is a twenty-one year vet-

‘eran of the Service.

@ (RBDF photo: Leading Seaman
Jonathan Rolle)

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Jean Harris

April 17, 1929 - June 17, 2008.

Wife, mother, teacher... Jean Harris embodied these
roles with dedication and devotion. Mother to five and
teacher to hundreds, all who knew her understood
that her family and her students were always her top
priorities.

Mrs. Harris passed away on Tuesday June 17th, 2008 in
Havana, Cuba. During her 77 years she touched many
lives and will leave a lasting legacy of perseverance and
commitment to excellence. She always demanded the
best of her students and gave her all to any task that
she undertook.



Wife of Carlton and mother to Elliott, Andrew, Christopher,
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PAGE 12, MONDAY, JUNE 23, 2008

THE TRIBUNE



FROM page one

him without having the power to
do so under the Defence Force
Act.

The dismissal, said Lieut Sher-
man, was the climax to years of
victimisation from senior officers
who objected to his insistence on
doing things the right way.

As a former US marine, he
found himself at odds with a
“banana republic” culture in
which young marines were delib-

Former US marine

erately held back by senior offi-
cers who felt threatened.

“As far as I know, I am the first
commissioned officer ever to have
been fired,” he told The Tribune,
“but I still don’t know what I
have been fired for.

“The official reason is ‘mis-
conduct’ but nothing has been
specified and nothing has been
put on paper.”

Lieut Sherman, who was

described by US military author-
ities as an “outstanding” and
“conscientious” marine, believes
he has fallen foul of a regime
that discourages initiative and
resents an insistence on high stan-
dards.

“TI feel sorry for those who are
left behind to work under Com-
modore Scavella,” added Lieut
Sherman, “That base is totally
screwed up. He has turned the
whole force upside down on its
head.” .

Lieut Sherman left the US

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Marine Corps with an honourable
discharge in 1992 after receiving
several glowing tributes to his
commitment and efficiency.

His 12 years with the Royal
Bahamas Defence Force have,
however, been a less happy expe-
rience. He said he has been the
target of sustained hostility and
victimisation from the higher
ranks.

Despite acclaimed service in
several areas of the force, includ-
ing education of young marines,
he said he had been systematical-
ly overlooked for promotion and
deliberately marginalised and
ostracised.

“I was finally dismissed per-
sonally by Commodore Scavella,
but he doesn’t have the authority

to dismiss a commissioned offi-

cer, according to the Defence
Force Act, he claimed.

“I have never received any-
thing in writing and do not know

what this misconduct is supposed

to be.”

Now Lieut Sherman is consult-
ing lawyers to fight what he terms
“unfair dismissal” with a view to
setting the record straight and
upholding his constitutional
rights.

“This violates the laws of nat-
ural justice,” he alleged.

Lieut Sherman, who holds a
BSc from an American college,
said he had been “a thorn in the
side” of the Defence Force senior
ranks “almost from day one.”

This, he said, was because of
his tendency to speak out and
expose the force’s shortcomings.

Even as education officer, he

had been told he was “writing too

_ much” and sending too many

marines off to school. He formed

the impression that senior offi- '

cers felt threatened by younger
personnel who went away to earn
qualifications.

His dismissal came as a sur-
prise because he claimed that oth-
er senior officers had been
retained even after being accused
of such serious offences as rape..

“Fraternisation is rampant

- throughout the force,” he said,

“We have had a series of prob-
lems down there. We have
women marines who have chil-
dren for officers down there.
Where is the discipline? It has
gone out of the window.”

Emphasising that there were
many “excellent” marines in the
force, Lieut Sherman said he had
only ever advocated positive
changes for the organisation.

But senior ranks had ignored
scholarship offers for younger
staff and resented any opportu-
nities for exposure which came
their way.

“I don’t know why we have this
mentality where we eat our young
and don’t see any reason to see
our people advance. It seems the
officers are afraid.”

Lieut Sherman said he had nev-
er had problems with the rank
and file. But they had admitted
being his worst enemy because
of the way they praised him in
front of his fellow officers.

“The officers are incensed by
this. I have been squeezed out
because I do my job too well. I
agitated for a review of the force,
which was badly needed. How-
ever, this review has never been
tabled. In the end, they obviously
thought it was best for me to be
kept away from everything.”

Lieut Sherman also believes

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certain officers were suspicious
of his US connections. “There
appears to be ambivalence and
mistrust of the US in the force,”
he said.

His insistence on writing
reports on anything he saw wrong
was not appreciated, he said.
“These reports were at odds with
the culture. Our Defence Force
has not yet come into the modern
era. We still have a colonial mind-
set.

“Tf you challenge the com-
modore, he regards you as dis-
loyal. But my loyalty is to the
organisation and the people of
the Bahamas, not the individual
who sits in the chair.”

When he was fired, he was
“escorted off the base like a com-
mon criminal” by military police,
he said. :

“He had me escorted to my
house to collect my uniforms.
How do you dismiss a commis-
sioned officer from any force
without any paperwork?

“T think it is a blatant abuse of
authority.

“We have had officers who
have been investigated for rape,
drugs and other horrific things,
yet I am the one being fired.”

Lieut Sherman claimed the
leadership did not have the vision
to bring the force into the 21st
century. “We just don’t have the
mechanism in place to develop
our officer corps to the level
where they should be,” he said.

Minister of National Security
Tommy Turnquest said: “I have

spoken to Lieut Sherman per--

sonally, I have gone through the
allegations that the Defence
Force has placed against him and
I was satisfied that the Defence

Force was acting in accordance

with its regulations.”

When asked to expand, Mr
Turnquest said he thought it best
for the Defence Force to go into
the details. He added: “It doesn’t
serve anyone well to discuss per-
sonal matters in the press.”

The Defence Force was

unavailable for comment before’

The Tribune went to press.

Man murdered
in his bedroom

FROM page one

dow in her son’s bedroom.

“When my eyes behold this
load of blood, I say ‘Oh Lor@,
they killed my child’,” said the
82 year old as she described the
scene upon entering her son’s
room.

Standing over his body, Mrs
Roberston said she called to
her son to speak to her, but he
was already dead. He was still
wearing his chef’s uniform he
had on when he came home
from work.

Chief Superintendent of
Police in charge of the central
detective unit Glenn Miller said
there were signs of a struggle
in the victim’s bedroom.

Drawers were pulled open
and Mr Miller suggested that
an accomplice had been search-
ing the room as the attacker
fatally wounded Mr Robertson.

Neighbours reported
seeing two young men running
from the scene, claimed his
mother.

Friends of Charles, who had
gathered at a nearby grill where
Charles would have spent his
Sundays if he did not have to
work, remembered Charles asa
popular and humble person.
They said he did not deserve
the death he suffered.

Philip Newton, who had
known Charles for about 15
years, said: “I haven’t smiled °
since about 2am yesterday
morning. As far as I can tell,
all Charles had was friends.”

Ellis Turner, a neighbour,

? remembered Charles as some-

one as a “good person (who)
was always talking about God.”

“He tried to help all of us
here,” he said.

‘Turnquest to investigate ‘thousands
owed!’ to reserve police officers

FROM page one

Whatever the reason, officers who work long hours on the
reserve force, are falling behind on their rent and bills. Many offi-
cers are single parents struggling to survive without adequate pay.

They had not been paid for any work throughout the year until
The Tribune publicised their plight in May. And then they were paid
for just three months work. They are still owed payment for the.
three months they have worked from March until now.

Reserve Chantelle Stuart, 33, a single mother of one, was owed
more than $3,000 for her hours since the start of the year. She was
struggling to pay her mortgage, car payments, school fees and elec-
tricity bills before the first payment came through in May.

She said: “Every time you work you put time in and the police
officer signs it. All the time keeper has to do is add up the time and

put the stamp on it.

“How many months does it take him to add up time sheets?” she

wondered.

During his budget communication Mr Turnquest praised the
work of the police reserves, calling them, “an extremely important
organ of the police.force.” He told the House of Assembly that pay
problems for the officers had been‘corrected.

The statement led reservists to believe Mr Turnquest had been
given the wrong information and called for him to investigate the

matter.

Mr Turnquest said: “I am very disappointed to hear that some
reserves are not being paid, and I am understanding they are not
getting paid until a month later and that should not be happening.
I need to investigate the matter further and I will do that when I

”

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MONDAY, JUNE 23, 2008, PAGE 13



‘No major cause for

concern’ over EPA

FROM page one

— which would automatically
cause the benefits in the EPA to
adjust to be the same thanks to
a particular clause in the agree-
ment — the timeframe over
which that liberalisation will
occur will not change from that
set out in the EPA.

As it stands, the EPA allows
the Bahamas and other African,
Caribbean and Pacific countries
between three and 25 years to
adjust to its requirements —
something that Minister of State
for Finance Zhivargo Laing has
repeatedly sought to emphasise.

Meanwhile, Dionisio
D’ Aguilar, president of the
Chamber of Commerce,
claimed that whether or not the
Bahamas ends up being subject
to a more demanding trade
agreement with the U.S. will
have no bearing on the situa-
tion on the ground.

“The reality is that we will
sign these agreement but we
will get huge windows, 10, 12, 15
years which doesn’t allow these
companies to come, and then
when they do show up we’re
going to make it as difficult as
we possibly can through
bureaucracy to stop them from
starting here because it’s just
not politically feasible.”

He used the example of
Japan, a developed first world
economy which does not allow
the importation of rice, a prod-
uct it produces, as evidence of
how governments can sidestep
the most damaging effects of
free trade agreements.

Meanwhile he suggested that
the United States would at any
rate have little interest in enter-
ing the Bahamian economy to
any greater extent than it
already has.

“Even if an agreement said
‘Yes, Walmart can come down
here’. What purpose would it
serve? It would completely
obliterate our economy and
then we’d all jump on boats and

go to America. So it’s not in,

their interest,” he said.

It is the Caribbean Basin Ini-
tiative (CBI), a non-reciprocal
arrangement between the U.S.
and the Caribbean that allows

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Director of Economic Plan-
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day that it is likely that when
the Bahamas and other
Caribbean countries negotiate
the future of the CBI with the
United States that the U.S. will
ask for the same or more mar-
ket access benefits in Caribbean
countries than the Europeans
are set to get in the EPA.
“Whatever preference the
region has given the Europeans

‘the US is probably going to ask

for it and get something more.
And if the region decides that
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Europeans, the Europeans will
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Stephen Lande, a former
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tative, said in Guyana’s Stao-
broek News newspaper last
week, that Caribbean negotia-
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PAGE 14, MONDAY, JUNE 23, 2008

2008 Lifetime Achievement Award

Businessman Franklyn
R. Wilson to receive
Bahamas Chamber of

Commerce honour

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tigious 2008 Lifetime Achieve-
ment Award for his unwaver-
ing commitment to the devel-
opment of business enterprise
and his immense contributions
to the Bahamian community at
The Chamber’s annual awards
banquet on Saturday, June 28 at
8.15pm, at the Sandals Royal
Bahamian Resort. During the
awards The Chamber will also
announce its Businessperson of
the Year, Entrepreneur of the
Year and Business of the Year
winners.

Mr Wilson, Chairman of Sun-
shine Holdings Group of Com-

’ panies and a Chartered

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Accountant by profession, has
over the years distinguished
himself as a ‘first class’ enter-
prising entrepreneur, business-

man and civic leader having

played a significant role in cre-
ating job opportunities, as well
as making home ownership a
reality and access to tertiary lev-
el education possible for count-
less numbers of Bahamians.
“It is with great pleasure that
The Bahamas Chamber of
Commerce recognises the
invaluable contributions made
by Mr Franklyn R ‘Wilson to
the Bahamian society. His
visionary leadership, relentless
pursuit for business excellence
and his unselfish and philan-
thropic acts are unmatched by
any other Bahamian business
leader, therefore we hold the
view that he is most deserving
of this coveted award,” said
Dionisio D’Aguilar, President

of The Bahamas Chamber of.:

Commerce.

Philip Simon, Executive
Director of the Chamber said
that Mr Wilson was selected
from among 15 worthy candi-
dates by the organisation’s
Executive Committee.

“Once the votes were tallied,
it was evident that Mr Wilson
was the chosen winner. He is
obviously, a notable business
leader, with an impressive track
record like our past Lifetime
Achievement winners for 2007,
Mr and Mrs David and Nancy
Kelly, owners of Kelly’s who
have positively impacted the
Bahamian community for the
better.” :

‘In his present capacity, Wil-
son also serves as Chairman of
FR Wilson & Co Ltd, Finan-

cial Advisers, the successor firm |
-to F R Wilson .and Co, Charted

Accountants founded in 1971;

Chairman of Sunshine Holdings

Ltd, the original holding com-
pany for the group of investors

THE TRIBUNE -





MR FRANKLYN WILSON, ehainnan of Sunshine Holdings Sibi’ of
Companies, will receive The Bahamas Chamber of Commerce’s pres-
tigious 2008 Lifetime Achievement Award at its annual Awards Banquet
and Silent Auction on Saturday, June 28 at 8.15pm at Sandals Royal

Bahamian resort.

who became known in The
Bahamas as the “Sunshine
Boys”; Chairman, Arawak
Homes Ltd, which has devel-
oped more residential homes
than any other company in the
history of The Bahamas; Chair-
man, RoyalStar Assurance Ltd,
one of the largest general insur-
ers in The Bahamas; Chairman,
Sunshine Insurance (Agents &
Brokers) Ltd, Bahamas Asso-
ciate of Marsh, the world’s
largest insurance broker; and
Chairman, Eleuthera Proper-
ties Ltd, land developer in
South Eleuthera.

Mr Wilson currently serves
as a Trustee at Elmira College
in Elmira, New York, Director
of Junior Achievement World-
wide and as a member of the
Finance Committee of the
Anglican Church.

A former Member of Parlia-
ment having served under the
Progressive Liberal Party
administration from 1972 to
1977, Mr Wilson is one of the
youngest persons in the history
of The Bahamas to have been
elected. He also served as
Jeader in the Senate for the Pro-
gressive Liberal Party.

Mr Wilson is the founding

chairman of Junior Achieve-

ment in The Bahamas, and
served as chairman for ten
years. He also served on the
Council of Economic Advisers
to the Bahamas government
and chairman of the Council of

The College of The Bahamas, ..,;
Additionally, Mr Wilson'served _

as a member of the Board of
Directors of The Bahamas

Monetary Authority, which lat- |
er evolved into The Central |

Bank of The Bahamas.

The business leader is also |
the founding chairman of The |

Bahamas Chapter of both the

Young Presidents’ organisation '

and the World Presidents’
Organisation. He is a founding
member of The Bahamas Insti-
tute of Chartered Accountants
and member of the Institutes of
Canada and Jamaica.

In 2002, Mr Wilson was pre-

sented with the Commander of |
the Distinguished Order of St:
Michael and St George (CMG) *

by Her Majesty the Queen. He
has received numerous leader-
ship awards including being
recognised in the silver anniver-
sary of the country’s Indepen-
dence in 1997 by the Govern-
ment of The Bahamas and he
was presented with The
Bahamas Chamber of Com-
merce’s Distinguished Citizen
in Business Award in 1980.

Mr Wilson was graduated
with an honours degree in Com-
merce from Dalhousie Univer-
sity. He pursued selected grad-
uate studies in Management at
the University of Miami and in
Banking from the American
Institute.

He is married to alemneyene





law and former Chief Magis- \

trate and Senate President,
Sharon Wilson formerly Lock-

Ahart.. The couple has three chil-
_-dren and four grandchildren.

Bahamas Bus & Truck Co. Ltd.

Montrose Ave.
Phone: 322-1722/Fax: 326-7452









THE TRIBUNE rod MONDAY, JUNE 23, 2008, PAGE 15




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PAGE 16, MONDAY, JUNE 23, 2008

THE TRIBUNE



Zimbabwe opposition leader

pulls out of presidential runoff

Tsvangirayi Mukwazhi/AP Photo

MORGAN TSVANGIRAI, leader of the main opposition party in Zimbabwe
speaks ata press conference in Harare, Sunday, June, 22, 2008. Tsvan-
girai said Sunday he is pulling out of this week’s presidential runoff
because of mounting violence and intimidation made it impossible to hold
a credible poll. Tsvangirai announced his decision during a news confer-
ence in Zimbabwe's capital after thousands of ruling party militants
blockaded the site of the oppositions. s main campaign rally ina now rou-
tine pattern of intimidation.

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@ By ANGUS SHAW
HARARE, Zimbabwe

Opposition leader Morgan
Tsvangirai pulled out of Zim-
babwe’s violence-wracked pres-
idential runoff yesterday,
declaring that the election was
no longer credible and the loss
of life among his supporters was
simply too high, according to
the Associated Press.

The announcement cleared
the way for President Robert
Mugabe to continue his 28-year
rule, despite mounting con-

demnation from even loyal.

African allies that the former
independence hero has become
a despot who has bankrupted
the country’s once thriving
economy.

“We can’t ask the people to
cast their vote on June 27 when
that vote will cost their lives.
We. will no longer participate
in this violent sham of an elec-
tion,” Tsvangirai said.

He addressed a news confer-
ence in Zimbabwe’s capital
after thousands of militants loy-
al to Mugabe prevented oppo-
sition supporters from gather-
ing for its main campaign rally.

As night fell, militia groups

roamed the capital and hotels:
sent their workers home early



MEMBERS of the ruling ay Zan PF militia, beat unidentified eon at Ate venue of the nraposed i Movement
for Democratic Change (MDC) party rally in Harare, Sunday, June 22, 2008. The main opposition party was giv-
en approval by the courts to hold a rally ahead of a run off election set for June 27, but some thousands of rul-
ing party militants armed with sticks and stones, blockaded the site of the opposition’ § main pre-election rally
Sunday, in yet another show of the intimidation that has characterized President Robert Mugabe’s campaign.

mally busy Sunday traders
packed up early.

Tsvangirai called on the Unit-
ed Nations, the European
Union and the Southern
African regional bloc to inter-
vene. .

He said he would put forward
new proposals by Wednesday

on how take the country for-
ward. The opposition has
repeatedly said it would wel-
come a government of “nation-
al healing” including ruling
ZANU-PF party members but
not Mugabe himself.
Zimbabwean Information
Minister Sikhanyiso Ndlovu

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said Friday’ s runoff would go
ahead in accordance with the
constitution — and to prove
Zimbabweans’ support for
Mugabe, who has held power
since independence from
Britain in 1980.

“The constitution does not
say that.if somebody drops out
or decides to chicken out the
runoff will not be held,” Ndlovu

~ said. “It is an election of the

people of Zimbabwe against
Britain.and America,” he said,
returning to the government’s
theme of portraying Tsvangirai
as a puppet of Western powers
out to re-colonize Zimbabwe.
The opposition, Britain and the

United States reject such claims.

Tsvangirai won the first
round of the presidential elec-
tion on March 29, but did not
gain an outright majority
against 84-year-old Mugabe.
That campaign was generally

_ peaceful, but the runoff has

been overshadowed by violence
and intimidation, especially in
rural areas. Independent human
rights groups say 85 people have
died and tens of thousands have

.been displaced from their

homes, most of them opposi-
tion supporters.

Ndlovu reiterated govern-
ment claims that the opposition
was to blame for the violence.

‘Tsvangirai complained that~
he was being treated like a
“common criminal,” ‘with his
attempts to tour the country

e stymied by police at roadblocks.

The state-controlled media
have banned opposition adver- ©
tisements, claiming they “con-
tain inappropriate language and
information.” The media cited
one ad that claimed that Tsvan-
girai won the election, “which is
not the case, hence the runoff.”

Tendai Biti, the opposition)
-party’s No. 2, was arrested with-
-in minutes of his return from

South Africa last week and is
being held on treason charges.

Tsvangirai had hoped to
address his main campaign ral-

_ ly for the runoff Sunday after-

noon. But thousands of ruling
party militants blockaded the
show ground site and set up
road blocs at the main approach
streets, ripped branches from
trees and hurled stones at cars.
Hundreds of militants, many
with sticks and wearing ZANU-
PF ruling party colors, marched
past its headquarters chanting
slogans. ZANU-PF trucks,
warning lights flashing and
crammed with passengers; ¢ cir-
cled the grounds. A

The opposition Movement
for Democratic Change claimed
that the militants were beating
opposition supporters who were
trying to reach the venue and
said at least two were seriously
injured. It said the militants
attacked journalists and forced
African election monitors, who
had been driving around the ral-
ly site, to flee. Election monitors
could not immediately be
reached for comment.

Zimbabwe has barred West-
ern observers and most jour-
nalists, but permitted African
election monitors.

Mugabe has shrugged off

mounting. international con-

demnation. But never before
has he faced such criticism from

_ other African leaders who now

openly say Mugabe is an embar-
rassment.

Even one of Mugabe’s
staunchest allies, Angolan Pres-
ident Eduardo dos Santos,
urged him to end “all acts of
intimidation and violence,”
while current African Union
chair Tanzania said it doubted

the elections would be free and .

fair. The leaders of Rwanda and
Kenya — which have both suf-
fered deadly political violence
— have been especially
scathing.







@ By NEIL HARTNELL
Tribune Business Editor

Bahamas-
based bro-
ker/dealer’s
top executives
have been
slammed for “mismanage-
ment” and “breach of fiducia-
ry duty” in allowing client
assets to be commingled and
used as collateral for other
failed investments, something
that caused the company to
collapse from a $25-$26 mil-
lion trading loss in one

* account.

A report. filed with the
ene Court by nee

MONDAY,

JUNE 23,

2008

SECTION B ¢ business@tribunemedia. net

Broker's executives ‘breached Abaco Markets
fiduciary duty’ in $26m collapse

* Liquidator slams Caledonia management, Board for commingling

client funds and using them as collateral for failed trading account

* Court report alleges executives tried to keep assets away from
creditors and liquidation through transfer to two related entities
* Claims top executives transferred $8m worth of client bonds
to cover losses without pee sen

Kikivarakis, the Deloitte &.

Touche accountant acting as
Caledonia Corporate Man-
agement Group’s liquidator,
revealed a number of ques-
tionable investment practices

Financial services growth
strategy more important
than the EU worries

lm By NEIL HARTNELL
Tribune Business
Editor

ib THE Bahamas should focus

- more on the development
strategy for its:international
financial services. centre over
the next several years, a for-
‘mer Bahamas Financial Ser-

vices Board (BFSB) chairman —

. told The Tribune, rather than
- wotry about developments

such.as.the European:Union’s’

Moree: ‘White List’ anti-
competitive, but full impact
on Bahamas not known

(EU) so-called ‘white list’.

Michael Paton, an attorney

_and partner with the Lennox

Paton law firm, said the

Bahamas’ and other interna-. -

SEE page 12B

IndiGo plans late summer
post-paid Abaco launch

B By NEIL HARTNELL
Tribune Business Editor

INDIGO Networks, the only
“legal fixed-line competitor to
the Bahamas Telecommunica-
tions Company (BTC), plans
to launch residential and busi-
ness post-paid services in Aba-
co by late summer, its pre-paid
‘services. unveiling in
March/April 2008 having
“gone very well”.
Paul: Hutton-Ashkenny,
president of IndiGo Networks
and its parent, Systems

Resource Group (SRG), said

the pre-paid lainch in Abaco —

after a frustrating three-year
wait until the Public Utilities
Commission (PUC) resolved

‘a dispute with BTC in its

favour — had been “pretty
much what we expected”.

. “It’s all gone very well. Ini-
tially, we launched our pre-
paid services, and we expect
to launch residential post-paid
by late summer. We’ll do cor-
porate pretty much at the same
time,” he told The Tribune.

IndiGo Networks’ infra-
structure build-out in Abaco
is still awaiting approvals for
all its planned Radio Tower
masts, with permissions needed
from bodies such as the Civil
Aviation Board for the vari-
ous sites.

Mr Hutton-Ashkenny said
IndiGo would invest $1 mil-
lion in building out its Abaco
network, and $1 million-plus
in doing the same in east and



by the company’s senior man-
agement that have left their
clients desperately seeking the
return of $104 million in invest-
ed assets.

Warning that ‘ ‘clients will

{
i

suffer losses”, because Cale-
donia’s assets were unlikely to
be sufficient to cover what is

SEE page 4B

/ Regulators meet



City Markets over
its late financials

Lv By NEIL HARTNELL
| Tribune Business _
i Editor

|SECURITIES omits:

sion officials on Friday met -

with Bahamas Supermarkets

executives over the compa-

ny’ s ongoing failui re
‘lish its audit
st tements fo



: with the end ‘of. fiscal 2008
J rast owe ey Tribune

igs aoe etidact

Business c can Hevea
Officials from the capital
markets regulator are also

- understood to have met with
the company’s auditors,
-KPMG (Bahamas), on the

same day, one of the sub-
jects for discussion likely to

-. have been whether the City
oy Matkets chain GRereOE He

__ SEE page 6B







Q1 profits hit by
electricity spike

@ By NEIL HARTNELL
Tribune Business Editor

ABACO @
Markets’ |
president told |
The Tribune |
that the com- |
pany’s fiscal |

2008 ; first
quarter finan-
cials -have |.

“seen a drop
in profitabili- |
ty” due. to
soaring ener-
gy costs, the
company estimating in its 2007
annual report that its electrici-
ty bill is likely to increase by $1
million year-over-year.

‘Gavin Watchorn said the

full-year utility bill estimate
was based on costs for the first
two months of its financial
year, adding that the compa-

» ny had “just reallocated our

Budget to spend mote on ener-
gy-saving measures”

Abaco Markets had origi-
nally -planned to: invest
$250,000 in enhancing air con-
ditioning system efficiency in
its Nassau-based Cost Right
and Solomon’s SuperCentre
stores, but had since expanded
the initiative to look at gener-
ating electricity for parking lot
lights via solar panels. A major
in-store energy conservation
effort among staff was also
planned.

Acknowledging that the

increase in energy.costs had.



Retail group expects
$1m utility bill rise
in fiscal 2008

eaten into ‘margins and prof-
itability for the 2008 first quar-
ter, which covers the Febru-
ary-April period, Mr Watchorn
said: “The price of oil is 50-60
per cent higher than last year.
We’ve taken a conscious deci-
sion not to pass 100 per cent of
the cost increases on to cus-
tomers, because their cost of
living is going up as well.
We’ve looked at other ways to
offset the situation, rather than
increasing prices, which is the
easy thing to do.”

Despite the first quarter
impact, Mr Watchorn said
Abaco Markets had initiated
payroll savings and a number
of other cost reduction mea- ©
sures to combat soaring energy
and food prices. He added:

“We've done a lot of things

that will have an impact from
the second quarter onwards.”
In the company’s annual
report, its chairman and chief
executive, referring to the
increase in oil and other com-
modity prices, said: “We
expect these increase to trans-
late into a staggering increase
in utilities alone — which are
tracking to increase approxi-
mately $1 million in 2008.”
Meanwhile, Mr Watchorn

- SEE page.7B

One family wilh momy needs. For
a solid financial foundation and
structure expanded to meet

THE DAVIS FAMILY
Betas customized adwice, their choice is

“We’ve got some work to do Cc
in getting radio towers out to
both locations, and that’s not
going to be much before the
end of the year,” Mr Hutton-
Ashkenny added of east and
west Grand Bahama.

In its core New Providence
market, IndiGo Networks was
“seeing reasonable growth on
the corporate side”, and had

- launched its residential services
“in a wider fashion” via some

west Grand Bahama. Further
investment was likely on both
islands as the company’s infra-



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PAGE 2B, MONDAY, JUNE 23, 2008 THE TRIBUNE







Reward Offered Stamp exemption’s

for the return of a Bahamian Passport:
FT004743 missing in the name of-



“eat | return ends property
‘fence sitting’































@ By CARA BRENNEN- tax exemption for first time ing early”. of the exemption, industry pro-
BETHEL home buyers and increase the “It is especially great that fessionals are hearing from
Tribune Business ceiling to $500,000. they included land purchases clients who beforehand were
Reporter Bahamas Real Estate Asso- _as well. lam so glad that they _ on the fence about a particular

ciation (BREA) president listened to us; it is something property, and are also seeing

BAHAMIAN realtors are William Wong called the Gov- that is long overdue,” Mr persons looking at more
hearing from clients previous- ernment’s decision toreinstate Wongsaid ° expensive pieces of property.
ly ‘sitting on the fence’ whenit the stamp tax concession for He was a guest on the first The exemption can equal A
came to property purchases, first-time homeowners up to episode of the new TV pro- tens of thousands of dollars,
following the Government’s an increased threshold of -gramme, The Financial Voice. Mr Wong said, which means
decision to reinstate the stamp $500,000 as “Christmas corn- Mr Wong said that because __ that persons can put that mon-

ey into repairs, landscaping or

towards purchasing appliances

or furniture.

The president of the
Bahamian Contractors. Asso-
ciation (BCA), Stephen Wrin-
kle, added that he was hopeful
that the proposed incentives
for the real estate and con-
struction industry contained in
the 2008/2009 Budget will be
enacted quickly to ensure the
benefits of increased activity

' in the sector can be felt
throughout the economy.

Commenting on the mea-
sures that Prime Minister
Hubert Ingraham outlined in
his Budget communication ear-
lier this month, Mr Wrinkle

said it will do much to jump-
start the economy.

“We need to get things mov-

-ing quickly,” he said, noting
that many of the proposals will
require changes-to the law. “It
will take some time for the

benefits to trickle down to the
economy.”

Mr Wrinkle pointed out that
the current construction slow-
down begun last year during
the time of the general elec-
tion, when there was a halt in
development, and said it was
time to get * ‘shovels in ‘the
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: Entry Fee: (FREE).
Entry Deadline: Friday, June 27", 2008 AT 12 NOON
e For Registration, please contact:
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MONDAY, JUNE 23, 2008, PAGE 3

murat

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overnment to
create pension
Task Force

& By CARA BRENNEN-
BETHEL
Tribune Business
Reporter

THE Government will like-
ly soon appoint a Task Force
to examine the feasibility of a
mandatory national pension
plan, minister of state for
finance, Zhivargo Laing, con-
firmed.

Speaking at a RoyalFidelity
seminar last week, Mr Laing
said Prime Minister Hubert
Ingraham had given him the
mandate to begin inquires into
creating a Task Force, which
will seek to examine the best
way of implementing such a
programme. It would be oper-
ated much the way that the
National Insurance Board
(NIB) is, with both employees
and employers making set con-
tributions.

Mr Laing said that given the
mindset of the majority of
Bahamians when it came to
making salary deductions, and
their wariness in accepting
change, he expected the idea of
such a programme would be
met with a great deal of oppo-
sition. This happened at NIB’s
inception, and the outcry over

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Hillary Deveaux

the proposed National Health
Insurance (NHI) plan.

However, he pointed out
that given the very poor sav-
ings habits of Bahamians and
the increasing numbers of
elderly Bahamians who are
now experiencing financial
adversity, such a national pol-
icy could be extremely benefi-
cial for the country.

Mr Laing added that with

the possible implementation of.

such a policy, the Bahamas was
actually on the cusp of the one
of the most important devel-
opments in its national history.

N





Can LION FISH be
our next fishery
resource?

Wednesday, June 25
at 7:00pm
The Retreat, Village Road

For more information call 393-1317

Public meeting will feature a presentation on the
Natural History of the Lionfish presented by
Lakeshia Anderson,
Department of Marine Resources.
The presentation will be followed by
a hands-on demonstration by
Bahamian lawyer, conservationist and fisherman
Alexander Maillis Il,
who will teach you how to cook and clean
LION FISH, a delicacy in the Asian kitchen.



The Counsellors Ltd

The office

WILL BE CLOSED

on Tuesday, the 24" June

Due to the passing of Mr. Conrad J. Knowles,
the father of our President,
Mrs. Joan Albury

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ng

ae i]

Cyril Theriault, superinten-
dant of pensions for the Cay-
man Islands, which has imple-
mented such a national manda-
tory pension programme,
explained that in their scheme
all workers and employees
must make contributions total-
ing a minimum of ‘0 per cent of
income.

While the payments are
mandatory, employees do have
the option of selecting which

fund manager they wish to"

handle their accounts. There
is immediate vesting of all pen-
sion payments, and the normal

















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surprised.
This lecture is
sponsored by the
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Department of
Marine
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- the case of expatriates, who

_ Saving plans, and national con-





Annual General Meeting















A reminder to all of our Doctors |
Hospital Health System shareholders
that your attendance at the 2008 Annual
General Meeting is very important to
us. The meeting will be held at the
British Colonial Hilton Hotel, Nassau,
Bahamas. We look forward to seeing

age of retirement on the island
is 60.
Mr Theriault added that in

must under Cayman law leave
the country after seven years,
the funds may be transferred
with them.

Hillary Deveaux, executive
director of the Securities Com-
mission of the Bahamas, told
the seminar that currently the
options available to Bahami-
ans were personal pensions or our shareholders there
tributions in the form of NIB
benefits, which primarily seek
to protect against absolute



poverty.
Cistentlypetsdual pension Location: British Colonial Hilton Hotd =
funds are not regulated by the
Securities Commission. Date Thursday, June 26, 2008
If a national plan is imple-
mented, Mr Deveaux said that Time 9:30pm

there would need to be addi-
tional legislation in place, and
fund managers would need to
be regulated.

He also stressed that if a
national pension plan did come
to the fore, there would need
to be investor education put in
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PAGE 4B, MONDAY, JUNE 23, 2008

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FROM page 1B

owed to its 494 clients, Mr
Kikivarakis said that apart
from commingled funds he had
also detected what appeared
to be an attempt to keep a sub-
stantial portion of the compa-
ny’s assets away from creditors
and the liquidation by trans-
ferring them to related enti-
ties.

He added that Caledonia’s
two most senior executives also
appeared to have transferred
‘$8 million worth of bonds, held
in trust on behalf of two
clients, without their permis-
sion to cover losses in the
problem account.

A copy of Mr Kikivarakis’s
report, which has been
obtained by Tribune Business,

Submit resumes to:

ecooke@coralwave.com or tel:

394-7019

for further information.

NOTICE

(In Compulsory Liquidation)
IN THE MATTER OF CORSAIRE LIMITED

gations thus far, the company
and its clients have suffered a
- loss of between $25-$26 mil-
lion, due to mismanagement

assets under its control.

“The loss was primarily
incurred by the trading of secu-
rities in the Ron. Wyles
account, but has impacted
more than 92 other clients,
whose assets were commingled
in an Omnibus Account, and
some 42 clients would have
had assets sold from their
accounts. However, other
accounts in the Portfolio of
Funds (mutual funds clients)
may also have been affected.”

AND IN THE MATTER of THE
INTERNATIONAL BUSINESS COMPANIES ACT Ch. 309
Statute Laws of The Bahamas, 2000 Edition

NOTICE IS HEREBY GIVEN that by Order of the Court dated
the 16th day of June, 2008, Mr. Lynden Maycock, of Higgs .
& Johnson of Ocean Centre, Montagu Foreshore, East Bay
Street, Nassau, Bahamas, has been appointed Liquidator of
the above-named Company.

Dated this 20th day of June, 2008. -

HIGGS & JOHNSON
Chambers
‘Ocean Centre, Montagu Foreshore
East Bay Street
Nassau, Bahamas
Attorneys for the Petitioner

their securities portfolios
“depleted partially or com-
pletely” between February 11-
. 12, 2008, the latter date being
when Caledonia was initially
put into voluntary liquidation



IS Bank of ‘The Bahamas

NOTICE

Notice is hereby given in accordance with Section 64 of the Securities Industry Act,
1999 that Mr. Samuel Haven has resigned from the Bank of The Bahamas Limited
effective June 19, 2008.

VACANCY FOR THE POSITION OF:
INTERNAL AUDITOR
MAJOR COMMERCIAL BANK

Core responsibilities:

e Performs operational and compliance audits and prepare comprehensive
reports in credit areas of all branches and departments.

¢ Performs audit reviews and audit testing for any major new system
implemented by the Bank.

e Reports any suspicious activity or possible fraud discovered.

° Reviews and verifies the Bank’s weekly and monthly consolidated
financial reports.

e Assists with special audit reviews, projects aid investigations.

¢ Assists external auditors during year-end audits.



Knowledge, Skills and Abilities:

¢ Detailed understanding of the credit (loan) process of the Bank.
¢ Strong written communication skills, in particular of audit terminology.
e Ability to communicate regulatory compliance information to internal

persons :

e Bachelor’s degree along with relevant professional certification or three
(3) to five (5) years of banking experience. ;

¢ Strong accounting and auditing skills to analyze financial statements.

¢ Computer literate — Ability to use Electronic Working papers, MS Word
and Excel.

Benefits include: Competitive salary commensurate with
experience and qualifications; Group Medical (includes dental and

vision) and Life Insurance; Pension Scheme.

Interested persons should apply no later than
— June 27, 2008 to:

DA 63503A
c/o The Tribune
P.O. BoxN3207

Nassau, Bahamas

Sone



semen

said: “From my initial investi-.

of the company’s fiduciary -

Those 42 clients had seen -



(later to become court-super-
vised),

Mr Kikivarakis, noting that
13 of those clients had lost
more than 50 per cent of the
value in their securities port-
folio, said these investors were
affected because the Canadi-
an broker through which Cale-
donia traded, Jitney, had sold
“the most marketable securi-
ties” owned by the Bahamian
broker/dealer and its clients to
cover losses from the Ron
Wyles account.

“The assets of the clients
should not have been pledged
or used as collateral without
their express consent,” Mr
Kikivarakis said. “Manage-
ment and directors of the com-
pany [Caledonia] were in
breach of their fiduciary duty
to protect their clients’ assets
by allowing Mr Wyles to trade
on margin without adequate
collateral......

“The company [Caledonia]
is accountable to its clients for
fiduciary assets held under its
management for approximate-
ly $104 million........ In my
opinion, the assets [fiduciary
and otherwise] currently avail-
able for distribution: to clients
will not represent a full recov-
ery of the assets managed by
the: company, and clients will
suffer losses.”

Given the nature of Caledo-
nia’s collapse and potential
scale of client losses, the
episode is another one that
could damage the Bahamas’
reputation as a ‘blue chip’

- international financial centre.

Nor does it reflect well on
Caledonia’s senior manage-
ment and directors, especially
its chairman, Matthew McNeil-
ly; managing director, William
Jennings; and senior vice-pres-
ident, Robert Dunkley.

Hinting that he and his attor-
ney, former Attorney-General
Alfred Sears, were consider-
ing legal action against some
‘of Caledonia’s senior execu-
tives, Mr Kikivarakis warned
that he was “receiving adyice
about possible claims by the

Broker’s executives ‘breached |

reduced to $268,113 oy

company against targets in the
Bahamas”.

The nature and scope of
legal action, though, will
depend on the Deloitte &
Touche partner’s ongoing
forensic investigation of Cale-
donia and its management, and
whether funding can be
secured from creditors/clients
to support the liquidation.

And the Securities Commis-
sion, Caledonia’s primary reg-
ulator, on February 13, 2008,
had written to Deborah Fraser,
director of legal affairs in the
Attorney General’s Office, set-
ting out its concerns over the
situation.

Among the Securities Com-
mission’s main concerns was a
“threat to the recovery of
investors’ funds” due to the.
transfer of client and company
assets from Caledonia to two
affiliated entities, Ecosse Cor-
porate Services and Ecosse
Management Services.

Mr Kikivarakis said the two
companies had the same direc-
tors, shareholders and man-
agement, having been formed

“on July 19, 2007, and licensed

as financial and corporate ser-
vices providers. Caledonia act-
ed as their registered agent.

The Securities Commission,
which has assumed the Inspec-
tor of Financial and Corporate
Services Providers responsi-
bilities, has refused to renew
the licences for both Ecosse
entities for 2008, the liquida-
tor’s report revealed.

“From my investigation thus
far, I have determined that
Ecosse Corporate and Ecosse
Management were capitalized
by assets transferred out of the
company [Caledonia] in cash
and kind, paid by [Caledonia]
to those companies or directly
through one of its sharehold-
ers,” Mr Kikivarakis wrote.

Some $1.453 million was

transferred from Caledonia to.
’ the Ecosse entities in this way,

resulting in Caledonia’s assets
of $906,099, and $641,776, in
shareholder equity as at
December 31, 2006, being

offered for the return of a HP laptop
with finger print control, lost from

parking lot of Outback Steak House
in May. Please call 326-5749




















New Providence:

Available spaces:

Grand Bahama:

Available spaces:

Cost (per week):

Bahamas National Trust

Summer Camp:
Dry Places and Wet Spaces

Have your children participate in
fun learning in the Outdoors

Ages:
Daily Hours: -

‘- return to Caledonia all client

5-12
8:30 am - 12:30 pm

July 21 - July 26 i

THE TRIBUNE | :



"
42h

$211,722 respectively as at the, -
February 12, 2008, liquidation
date. ss

Mr Kikivarakis said Caledo- ne
nia management admitted that.
the creation of the Ecosse enti-
ties, ostensibly to segment the, |
companies various business _,
streams, “coincided” with the,
start of trading losses and |
problems in the Ron Wyles ._,
account. ‘i

The liquidator said the trans- .,
fer of Caledonia’s corporate
and investment advisory busi-
nesses, by way of dividends to
the two Ecosse entities from
its retained earnings, meant
the former would “have had
to rebuild its operations and
would have to have been
recapitalized”. Among the
assets allegedly transferred
were Caledonia’s $40 million » »,
funds business.

In addition, a number st
Caledonia clients had seen
their assets transferred from
the commingled account with
the Canadian broker, Jitney,
to the Ecosse entities after the
Ron Wyles account started to
incur losses.

These clients “may have |
escaped a substantial Peart
of the loss incurred” by Cale- 5
donia, Mr Kikivarakis said,
with the company left with “no
sustainable operations and lit- |
tle capacity to generate rev-!
enue”.

He added: “No considera-
tion was given by Ecosse Cor- ;
porate and Ecosse Manager
ment to [Caledonia] for the.
transfer of the assets and oper-.
ations to them. It was there--
fore my opinion that the partial | |
transfer of assets, fiduciary or’
otherwise, and operations of
the company to Ecosse Se

Lo EAI ig gg RII

porate and Ecosse Manage- =
ment was without substance

operations should have been 7
returned to [Caledonia].” ea

As a result, Mr Kikivarakis 4
obtained a March 7, 2008, K
Supreme Court order requiring ;-
that the two Ecosse entities




and company. assets trans-
ferred to them since July 2007. !

Mr Kikivarakis recorded
how Caledonia’s road to ruin—
began in October-December
2006, when a retired broker, |
Ron Wyles, contacted Mr |
Dunkley at Caledonia to |
inquire about setting up a trad-
ing account for an associate,

5

|
|
SEE next page |
|
|
|

|
{
i
i
|
|
i



July 28 - August 2 |

Venue:

Venue:

July 7-11

The Rand Nature Centre,
East Settler's Way

35 (first come, first served basis)

$150 (non BNT Members)
$100 (BNT member)

For more information call:

352-5438 (Grand Bahama)

The Retreat, Village Road i

35 (first come, first served basis)

393-1317 (Nassau)

email: bnt@bnt.bs



THE TRIBUNE

IWVIMJINLY NE, VU uy BUUY, § WR Ul



fiduciary duty’ in $26m collapse

FROM page 4

George Georgiou. It was
opened in Mr Wyles’ name,
and structured as a $3 million
margin facility, meaning that
shares in companies would be
pledged as collateral.

Some $15 million in shares in
two Nasdaq companies were
supposed to have been pledged
as collateral, but this had not
happened when Caledonia
opened the account. Instead,
securities held in Mr Geor-.
giou’s wife’s name were
pledged as collateral instead,

but still nothing was placed
into Caledonia’s Jitney account
before trading started.

It was the failure to obtain
proper collateral for the Ron
Wyles account that ultimately
sunk Caledonia, and Mr Kiki-
varakis wrote: “Effectively, the
Ron Wyleés account was being
funded by Jitney, secured by
the pool of assets in the
Omnibus account, which com-
prised of other [Caledonia]
clients’ assets.”

In early 2007, some $6.194
million was advanced via two
loans to the Ron Wyles

account by Caledonia to pur-
chase shares in the two Nas-
daq campanies whose stocks
were originally supposed to
have been pledged as collater-
al. These loans have not been
repaid.

Mr Wyles and Mr Georgiou
then failed to comply with Jit-
ney’s limits on short-selling.
“To comply with Jitney’s new
trading limits, [Caledonia]
transferred approximately $8
million worth of bonds to Jit-
ney, such being held on behalf
of two clients,” Mr Kikivarakis
said.

IndiGo plans late
summer post-paid
Abaco launch













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.

Share your news

The Tribune wants to hear -

FROM page 1B

soft advertising in both Nassau
and Grand Bahama.

“We're seeing some good take-
up on the Voice over Internet Pro-
tocol residential product. We
turned the spigot on on that a
month ago in May, and are seeing
some good growth in that,” Mr
Hutton-Ashkenny added.

“We don’t want to become a
victim of our own success. We
want to make sure we give good
service, and exceed people’s
expectations and demands. We’ve
managed to do that very well.”

Are you interested in studying Law? Holborn College in conjunction with the Univer-
sity of Huddersfield is currently accepting students for the September session. To
learn more plan to attend an information session Wednesday July 2 at 6 p.m. at the
British Colonial Hilton Resort. Prof Michael Newns from the university will be in

citte cov attendance. Call Success Training College at 324-7770 to register.







Financial Intelligence Unit



DOCUMENT IMAGING CLERK

Applications are invited from suitably qualified persons for the post GF Document
Imaging Clerk at the Financial Intelligence Unit (the “FIU”).

JOB SUMMARY: .

The successful candidate will be responsible for coordinating and syecuing the
daily processes of prepping, scanning, indexing and verifying documents, managing
and maintaining high volume scanners and adhering to deadlines assigned by

‘management.
CRITICAL COMPETENCIES:
The successful applicant must have:
°. Strong Data Entry and keyboarding skills;
° A working knowledge of Microsoft Office Products (Word, Excel, Power
Point etc.);
° Pay attention to details, and takes pride in their work;
° Good interpersonal skills;
° Ability to effectively work individually or in a team environment;
° Competence in performing multiple functional tasks;
° Excellent communication skills both verbal and written.
KEY RESPONSIBILITIES:
° Responsible for retrieving files and returning them for filing;
ae Assemble and prepare documents for imaging;
? Scanning and indexing of documents for up to eight hours a day;
‘ Review imaged documents as a quality control measure to ensure
acceptable image was captured;
: Independently operate scanning hardware;
° Maintain all logs and reporting. documentation;
° Adhere to organizational procedures and guidelines;
° Perform other tasks as assigned by manager.



Director

EDUCATION & EXPERIENCE:

Anthony M. Johnson

Financial Intelligence Unit
P.O. Box SB 50086
Frederick Street

Nassau, Bahamas

Minimum requirement: An Associate Degree from an accredited tertiary
institution,
° Related experience is preferred but not required.

Interested persons should submit their applications and resumes in writing along
with the relevant certificates by 27 June 2008 to:





“The bonds were held in
trust by [Caledonia], through
Mr Jennings and Mr McNeilly,
who were trustees of the enti-
ties that owned the bonds. This
was done without reference to
these clients.”

As the Ron Wyles account

‘ position continued to deterio-

rate, Jitney advised Caledonia
that it would hold all securi-
ties in the company’s name as
collateral for the debt, some-
thing that ultimately led to the
February 11-12 sell-off and the
Bahamas-based broker/deal-
er’s liquidation.

INSIGHT

For the stories

behind the news, |
ie=y-Ce Mp -1(e/ 4) 4
on Mondays

ob







ea AB Mb occ umes
_na ‘
ee ; i a
eerie mae: imme

Rainbow Owners Open House
All Rainbow Cleaning Systems Owners are invited
to An Owners Open House

When: Saturday 28th June, 2008
Time: 10:00a.m. - 12:00p.m.
Venue:.Overflow Enterprises Ltd. yl
Royal Palm Mall, Mackey Street, dbove
Fashion Hall





Forgot how to use your Rainbos
Lost parts
- Need Supplies?
Need a refreshers demo
Owners Open House is where you need to be!!!

Phone: 394-5314 or 393-2159
Fax: (242) 393-2493
_Emalt: overflow@batelnet. bs |

ThePower
of Water

RARER

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RESORT AND MARINA

Oni ly forty-eight nautical mies east of Mian), i
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Bimini Bay Resort & Marina seeks to hire professional individuals for the following positions:

HEAD CHEF: wil be responsible for the day-to-day operation of the kitchen to frain, supervise and work with
all cooks and culinary staff to prepare and ‘present food according to hotel standard recipes to create quality food

products.

REVENUE MANAGER: will be responsible to assist with overseeing the Reservation Department and maximize
overall hotel revenue through development and implementation of effective transient/group invemony and pricing
strategies based on future demand forecasts.

ROOMS MANAGER: will be responsible for short-term and long-term planning and day-to-day operations of |
rooms and related areas. Ensuring the effortless and seamless movement of guests in and out of the hotel and providing

exceptional levels of guest service throughout our guests’ stay.

SECURITY OFFICERS: will be ie for safeguarding resort/hotel property, assets, guests, visitors and

employees.

: We offer an exce i fits
For full consideration, all interested applic

at gbullard@biminibayreso com or fax: of é





VACANCY FOR THE POSITION OF:
ASSOCIATE, CREDIT DEPARTMENT
MAJOR COMMERCIAL BANK

Core responsibilities:

Prepares loan portfolio balance, loan repayments and loan payoff
reports using the Banks banking software.

Prepares accounting entries for posting via the Accounting Department.
Processes Loan applications for two main entities.

Prepares letters outlining loan portfolio balances as well administrative
fees debited from accounts.
Liaises and answers all queries from various 1s portfolio holders.

Audits work on a daily basis.

Knowledge, Skills and Abilities:

Core accounting/math skills to calculate, reconcile reports or files.
Basic knowledge of Bank operations to advise in or correct reconciliation

errors.

Oral and written communication shits to interact with associates and

external persons.

Computer literate — Ability to use Blecuenie Working papers, MS Word

and Excel.

Associates degree, or Institute of Pinanteal Services Certificate.

Benefits

include:

Competitive salary commensurate with

experience and qualifications; Group Medical (includes dental and
vision) and Life Insurance; Pension Scheme.

Interested persons should apply no-later than

June 27", 2008 to:

DA 63503B
c/o The Tribune
P.O. BoxN3207

Nassau, Bahamas





PAGE 6B, MONDAY, JUNE 23, 2008.

THE TRIBUNE



BUSINESS

wit

Regulators meet City Markets over its late financials

wy

@ tebe to: Oth Ftblott
Fanie}y OH) 5612534
www &Y.CONt

=i] ERNST & YOUNG

a Recunta Ernst & Young S.p.A.
Corso Vittorio Emanuele H. 83
34328 Tatinn

INDEPENDENT AUDITORS’ REPORT
PURSUANT TO ART. 156 OF LEGISLATIVE DECREE No. $8 OF FEBRUARY 24, 1998
nt (TRANSLATION FROM THE ORIGINAL ITALIAN TEXT)

; _ To the Shareholders of
! Intesa Sanpaolo S.p.A.

f 1. We have audited the consolidated financial statements of Intesa Sanpaolo S.p.A. and its

( subsidiaries (the Intesa Sanpaolo Group) as of and for the year ended December 31, 2007,
comprising the balance sheet, the statement of income, changes in shareholders’ equity and
cash flows and the related explanatory notes. These financial statements are the
responsibility of the Company's Management Board. Our responsibility is to express an
opinion on these financial statements based on our audit.

2... We conducted our audit in accordance with the auditing standards and procedures
recommended by CONSOB (the Italian Stock Exchange Regulatory Agency). In
accordance with such standards and procedures, we planned and performed our audit to
obtain the information necessary to determine whether the consolidated financial
statements are materially misstated and if such consolidated financial statements, taken as a
whole, may be’ relied upon. An audit ‘includes: examining, on a test basis, evidence
supporting the amounts and disclosures in the financial statements, as well as assessing the
appropriateness and correct application of the accounting principles and the reasonableness
of the estimates made by the Management Board. We believe that our audit provides a
reasonable basis for our opinion.

The consolidated financial statements include the comparative data of the preceding year.
As .described in the explanatory notes, the comparative information related to the
consolidated financial statements of the preceding year, on which we issued our auditors’
report on March 29, 2007, have.been modified pursuant to the International Financial
Reporting Standard 5. We have examined the methods adopted to restate the comparative
financial data for the same period of the preceding year and the information presented in
the explanatory notes in this respect for the purpose of our opinion on the consolidated
financial statements as of and for the year ended December 31, 2007.

. 3. In our opinion, the consolidated financial statements of Intesa Sanpaolo S.p.A. at December
31, 2007 have been’ prepared: in: accordance: with International: Financial Reporting
Standards as adopted by the European Union and with the measures isaued to implement
ast. 9 of the Italian Legislative Decree No. 38/2005; accordingly, they present clearly and
give a true and fair view of the financial position, the results of operations, the changes in
shareholders’ cquity and the cash flows of Intesa Sanpaolo S.p.A. (the Intesa Sanpaolo
Group) for the year then ended.

Turin, March 27, 2008

Reconta Emst & Young S.p.A.
Signed by: Guido Celona, partner

@ Recasts brent & Young Sp A,
Sede Legale, 0N14G Roma + Vis G.D. Rumagnon, 1A
Capmatr: Sociale © 7.304,500.00 iv.
iscratta alla 5.€). del Registro delle rps pov fe Cn di Rena
Confice tiscaie e numero di scrizione 10D 3400564
PS. 00898231003
betta all Albo Revisor Comtanili al n. 70945 Pubblicaty sutia G.U.
Suppl $3 - IV Seriv Speciate det 17/2/1996

FROM page 1B

interim statements that it can
publish.

Tribune Business under-
stands that the Securities Com-
mission is likely to have
pressed Bahamas Supermar-
kets directors to publish unau-
dited management accounts on
the company’s financial per-
formance, so that minority
investors holding some 22 per
cent of its issued share capital
can at least gain an insight into
its financial performance.

The last financial informa-
tion released by Bahamas
Supermarkets was published
in August 2007, providing an
update on its 2007 third quar-
ter performance, during which
net income dropped by $0.3
million from $1.9 million to
$1.6 million.

Since then, the company has
failed to publish its financials
for the 2007 fourth quarter and
year-end, which was June 30

last year, in addition to its 2008
first and second quarter audit-
ed statements. The third quar-
ter financials are due to be
published before June-end,
given that public companies
have 90 days after the period
ends within which to publish
interim statements, a deadline
that appears likely to be
missed.

Tribune Business under-

stands that one difficulty that

the Securities Commission has
in dealing with the Bahamas
Supermarkets situation is that
while public, the company is
not listed, since it trades on the
over-the-counter market, not
BISX.

While any BISX-listed com-
pany would likely have had
trading in its shares suspended
if it was caught up in a situa-
tion similar to that of Bahamas
Supermarkets, its non-listed
nature effectively gives it
another loophole to exploit in
the Securities Industry Act.

COMMONWEALTH OF THE BAHAMAS 2008

IN THE SUPREME COURT
Commercial Dion

COM/com/00011

IN THE MATTER OF THE NATIONAL INSURANCE
BOARD

AND

IN THE MATTER OF SECTION 187 OF THE
COMPANIES ACT CHAPTER 308

AND

IN THE MATTER OF THE ACTION OF THE NATIONAL
INSURANCE BOARD

©) Figures retative to Gruppo intess.



tscritts all’ Albo Speciale delle sorieta di

wevisione
Csmob af progressive 0. 2 defibera 5.10387 def 16772997

572,902

_ ° Gin nitions of euro)
Assets 31.12.2007. . © 31.92.2006“?
10. Cash and cash equivalents 3,463 1,895
20... Financiat assets held for trading 52,759 46,328
30. Parc ens deste eg eh rt no 19,9968 nce
40. ‘Financial assets aveltable for sate ir yy " ss18
50, investments held to matutity 5,923 2,623
60. Due from banks 62,839 30,363
70. Loens to customers 335,273 190,830
80. Hedging derivetives 3,017 873
90: Far whe haope fren eso hedped penton) 12 1
} 100. Investments in associates and companies subject to joint control 3522, “2183 =
ailopdeghe: ine alti i id parc | yt Vt 34 pene
z 120, Property and equipment 5,191 2,928
"130. intangible assets |” (2Ne ae
~ goodwill 17,587 . 926
140. Tax assets 3,639 + 2,502
a) current 1956” 1,100
: b) deferred : 1,683 1,402
150. Non-current assets held {ar sale and discontinued operations 4222 69
160. Other assets ; tax 10,390 4.089
mi ?
a,
.
Totel Assets 291,781



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 of 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 an 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 iy A.D.,

ene snanemeesoanenensuasemnnsanionieeeernionsamnen aeasiiietes tnmviial etgmenss

Consolidated balance sheet







10. Due to tanks : ' 67,688 39,954
20. Due to customers = BEL I 9g ship" 498933
30. ~ Securities issued 139,891 80,029
40. Financia! liabilities hela for vading : in 24,608 15,648
50, Financial abilities designated at fair value through profit and loss 27,270
60. Hedging dervatives { ; 2,236 ee
70. | Faie vaive change of Financia! liabiites in hedged portfolias (o/-) a Png
80. _Tax :abilities ve 3806 423 —St*«*S2iST
a) current ‘ ; 683 903
b) deferred 3,523 $71
90. Labsities associated with non-current assets ‘ i
“held forsale and Sscontinued operstions Hay aang 8. aA gy
$00. Other tiabitties . Ue ete 7951 am
110. Employee termination indemnities eee z 1,488 1,158:
120. Allowances tor risks and charges 493 2,115
2) post employment benefits 486 310
b) other allovsances 3,707 1,805
130, Technical reserves ; 21,571
140, Vaiuation reserves 639 1,208
150, Re:mbursabie shares
160. Equity instruments
170." Reserves ; 5.712 5,226
180. Share premium reserve 33,457 5,559
190. Share capite: 6,647 3,633
200. Treasury shares (-) : -2,207
210. Minority interests (+/-} ’ 791 852
220. Net income (ioss} 7,250 2,859





Figures relative to Gruppo intesa.



Interested persons may obtain a complete copy ot the Audited Accounts from SG Hambros Bank & Trust
(Bahamas) Limited, P.O. Box N-7788, West Bay Street, Nassau, The Bahamas.

2008.



Now, with the end of fiscal
2008 fast approaching on June
30, Bahamas Supermarkets is
in the unenviable position of
being almost a year late with its
financial statements.

The timely filing and disclo-
sure of public company finan-
cial information is key to main-
taining an orderly market in
their shares, through ensuring
that all investors have access
to the same data at the same
time. The longer Bahamas
Supermarkets’ financial remain
unpublished, the greater the
Opportunity that some
investors will have to access
‘inside information’ and exploit
that to their advantage.

The delay in the 2007 finan-
cial statements and audit has
been caused by the transition
from the former majority
shareholder, Winn-Dixie, to
the new owners, Bahamian
and Barbadian buyout group,
BSL Holdings, the consortium
that acquired the majority 78
per cent stake in Bahamas
Supermarkets for $54 million,
plus $2-$3 million in acquisi-
tion costs, in summer 2006.

The. audit problems have
stemmed from the fact that
Bahamas Supermarkets shed
Winn-Dixie’s operating sup-
port.and technology systems
in early 2007 — the second half

“of its financial year — without

any replacement accounting
system being in place.

This has forced KPMG audi-
tors to have to rely on manual
records when verifying the
financials, requiring them to
have gone through hundreds
of Point-of-Sale records from’
the company’s 12 stores to
build a sample large enough .
to be able to support their con-
clusions and give the Bahamas
Supermarkets accounts an
unqualified opinion. Given
that Bahamas Supermarkets
generates between $130-$140
million in annual sales, this is
no small task.

One source said Bahamas
Supermarkets had been “pen-

" ny wise and pound foolish”, as

its eagerness to exit a transi-
tion agreement with Winn-
Dixie — something that would
have caused it to pay $1 million

a year, plus a 5 per cent mark-
up on all goods purchased via
the US retailer — had left it
without replacement systems.
The early exit from the Tran-
sition Agreement saved
Bahamas Supermarkets
$500,000, but that could easily
be sucked up by extra audit
costs.

- Investors will also be eager
to see whether Bahamas
Supermarkets has remained
profitable, given that its BSL
Holdings majority owner is
reliant on dividends
upstreamed from the company
to service the $5 million pref-

. erence shares and $24 million

in bank debt (from Royal
Bank of Canada) it took on to
finance the acquisition.

BSL Holdings’ investors
include Barbados Shipping &
Trading, Fidelity’s private
equity arm, and the hotel
industry pension funds.

EMPLOYMENT
a Lf

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

Please apply to:

DA60743 |
c/o Tribune

P.O. Box N-3207
Nassau, Bahamas

or fax to (242) 328-2398





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THE TRIBUNE

MONDAY, JUNE 23, 2008, PAGE 7B:



Lo Lie i a
‘Abaco Markets Q1 profits hit by electricity spike.

FROM page 1B

said the food items where
import and Stamp duties were
eliminated in the 2008-2009
Budget would go “a long way”
to easing the burden on con-
sumers when it came to those
particular items.

While the 2 per cent Stamp
Duty reduction on another 160
items would have less of an
impact, the Abaco Markets
president told The Tribune:
“The disappointment foe us in
the Budget was that we were
hoping somehow the Govern-
ment would -do something on
price control. The margins on
price-controlled items have
gotten squeezed, and I’m sure
you’re hearing that from every
retailer and wholesaler. .

“We were hoping to have
some relief on that, but we did-
n’t.”

The problem for Bahamian
retailers and wholesalers when
it comes to price-controlled
items has been that the cost of
commodities that fall under
this status is changing so rapid-
ly that the Price Control
Department cannot respond
fast enough to requests for
price increases. As a result,
many retailers and wholesalers
end up making a loss on ship-
ments of price-controlled
goods they are forced to sell
at the old price, their mark-

ups being fixed.

Mr Watchorn said that with
“the sheer volume of price
increase requests coming
through the system, there are
going to be delays”, especially
given that multiple retailers
and wholesalers were often
submitting numerous requests
at the same time.

The Abaco Markets presi-
dent said dairy, wheat, grain
and oil-based food products
were. those that had seen the
sharpest price increases since
the New Year, with sugar the
only major commodity not to
experience a drastic increase.

As an example, while the
price of a gallon of milk was
on average $5 some 12 months
ago, Mr Watchorn said it was
not being sold to consumers in
Nassau at between $6-$8 per
gallon, a rise of 20 per cent or
more.

Meanwhile, Abaco Markets’
Domino’s Pizza brand is set to
open its 10th outlet later this
summer in the Seagrapes
Shopping Centre, Prince
Charles Drive, in eastern New
Providence.

“The lease was finalised a
couple of weeks back. We’ve
started work on it. We’re try-
ing for earlier, but aiming for
August” for the opening, Mr
Watchorn told The Tribune.

Abaco Markets has put its
spare cash into paying down





its preference share debt, with
some $420,000 having been
paid to investors in March, as
the company gears up for the
next $420,000 instalment due
by June-end.

The BISX-listed retail group
has accelerated repayment of
its preference share debt,
something it warned equity
shareholders would have a
slight impact on liquidity in fis-
cal 2008. This is because it is
starting repayments to Class B
shareholders a year early, as
the first payment to them is
not due until December 31,
2009.

Class A preference share-
holders received $1 million
from the company in 2007, and
are due to receive their final
$1 million payment by year-

. end.

Mr Watchorn explained that
the decision to begin repaying
the Class B preference share-

holders early was connected to
balance sheet management,
and the fact that the prefer-
ence shares had a higher rate
attached than the company’s
overdraft facility.

Meanwhile, Abaco Markets
is set to announce the hiring
of a vice-president to exclu-
sively deal with shrinkage
across all its stores.

“It’s still too high and
remains a focus for us,” Mr
Watchorn said of shrinkage.
“There’s a belief that US
inventory standards in shrink-
age are unattainable, which I
disagree with.”

In its annual report, Abaco
Markets said it had invested
$2 million in equipment and
inventory for its relocated Cost

Right Freeport store, and °

another $1 million into its
remodeled Cost Right Abaco
format.

The Cost Right chain’s 2007

NOTICE

IN THE ESTATE OF LOUISE ELIZABETH
TOOTE TYNES late of Warwick Terrace, Bail-

lou: Hills Estates in the Western District,

in the

Island of New Providence, one of the Islands in
the Commonwealth of The Bahamas, Deceased.

NOTICE is

hereby given

‘that. all persons

A em Ft fw OW

Legal Notice

NOTICE
WESTBROOKE CORP.

(In Voluntary Liquidation)

Notice is hereby given that the above-named Company
is in dissolution, which commenced on the 1st day of
April 2008. The Liquidator is Argosa Corp. Inc., P.O.
Box N-7757 Nassau, Bahamas.





| This notice replaces the publication of 23rd May 2008
| in this Gazette wherein WESTBROOKE VALLEY
| INC. was incorrectly referred to as being dissolved.

|

ARGOSA CORP. INC.
« (Liquidator)













LEGAL NOTICE OF DISSOLUTION




International Business Companies Act
(No.45 of 2000)




In Voluntary Liquidation








Notice is hereby given in accordance with Section 138 (8) of the
International Business Companies Act, No. 45 of 2000, ARAVAS
COMPANY LTD. has been completed, a Certificate of Dissolution
has been issued and the Company has therefore been struck off the
Register.





The date of completion of the dissolution was the 11th day of June,

Notice is hereby given that the Twenty-eigth (28th) An-
nual General Meeting of THE PUBLIC WORKERS’
CO-OPERATIVE CREDIT UNION LIMITED will
be held at The British Colonial Hilton Hotel, West Bay
Street, on Friday, July 4, 2008 pompmienging at 6:30 p.m.
for the following purposes:

° To receive the report of The Board of Directors.

* To receive the Audited Accounts for 2007

* To elect members of The Board of Directors, and
Supervisory Committee

¢ To discuss and approve the budget for 2009.

All eligible members wishing to run for a position on the
Board of Directors or Supervisory Commitee are asked to
submit their names to any of the Credit Union’s Offices
in Nassau or Freeport, no later than Friday, June 27, 2008










having any claims or demands against the above-
named Estate are requested to send the same duly
certified to the’ undersigned on or — before
Monday the 30th day of June 2008 after which
the Personal Representative will proceed to
distribute the assets of the Deceased among the
persons entitled thereto having regard only to the
claims of which the Personal Representative shall
then have had notice.

AND NOTICE is hereby also given that all
persons. indebted to the said Estate are requested
to make full settkement on or before the date

hereinbefore mentioned.

CASH, FOUNTAIN
Attorneys-at-Law
P.O.Box N-476

Armstrong Street
: _ Nassau, The Bahamas
“Attorneys for the Personal Representative



NOTICE

(No.46 of 2000)

BAYTOWN TECHNOLOGIES LIMITED
LIQUIDATOR’S NOTICE

PURSUANT TO SECTION 138 OF
THE INTERNATIONAL BUSINESS COMPANIES ACT

I, Luis Antonio Sotillo Mendez Liquidator of BAYTOWN TECH-
NOLOGIES LIMITED, hereby certify that the winding up and
dissolution of BAYTOWN TECHNOLOGIES LIMITED, has
been in acordance with the Articles of Dissolution.

Dated the 4th day of June 2008

Previous Close Today
1.84"



: Abaco Markets
11.59

11.80 Bahamas Property Fund 11.80
9.68 9.40 Bank of Bahamas 9.43
0.99 0.85 Benchmark 0.89
3.74 3.20 Bahamas Waste 3.49
2.70 1.42 Fidelity Bank 2.35
14.10 10.60 Cable Bahamas 14.00

Colina Holdings 2.87

3.15 2.21
8.50 4.80 Commonwealth Bank (S1) 7.28
7.22 3.23 Consolidated Water BDRs 3.43
3.00 2.20 Doctor's Hospital 2.90
}8.00 6.02: Famguard 8.00
13.01 12.50 Finco 12.50
14.75 11.79 FirstCaribbean Bank 11.79
6.10 5.05 Focol (S) 5.55
1.00 1.00 Focol Class B Preference 1.00
1.00 0.41 Freeport Concrete 0.44
8.00 6.79 ICD Utilities 6.79
: J.S. Johnson 12.00
10.00

Bid $
Bahamas Supermarkets 14.60
Caribbean Crossings (Pref) 6.00

0.35

41.00
Bahamas Supermarkets 14.60
Iding:



NAV
1.315228°*"

Fund Name i.
Colina Bond Fund

5S2wk-Low
1.2485

1.3152

3.0008 2.7399 Colina MSI Preferred Fund 2.998763°*""
1.3940 1.3451 Colina Money Market Fund 1.394008******
3.7969 3.2920 Fidelity Bahamas G & | Fund 3.6707**"
12.2142 11.6049 Fidelity Prime Income Fund 12.2142°°*
100.0000 100.0000 CFAL Global Bond Fund 100.00**
100.0000 98.2100 CFAL Global Equity Fund 99.956603*

1.0000
98346...

1.0000
10.5000

CFAL High Grade Bond Fund 1.00**
pened International Investment Fund 10.0060***
é Market Terms










INTERNATIONAL BUSINESS COMPANIES ACT.
























Fidelity Over-The-Counter Securitie
Ask $

Gélina Over-the-Counter Sée



“YIELD - last 12

by 4:00 p.m.

All members are urged to attend, and
refreshments will be served!





BISX ALL “SHARE INDEX - 19 Dec 02 = a4 2 000. 00
52wk-Hi - Highest closing price in last 52 weeks

Change - Change in closing price from day to day
Daily Vol. - Number of total shares traded today

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

52wk-Low - Lowent closing price in last 52 weeks
Previous Close - Previous day's weighted price for daily volume
Today's Close - Current day's weighted price for daily volume

DIV $ - Dividends per share paid in the last 12 months
P/E - Closing price divided by the last 12 month earnings

tive Date 7/11/2007
GAL BAS 80207096 | FIDELITY Bab Sb6-7764 | PS GARITAI

Bid $ - Buying price of Colina and Fidelity

Ask $ - Selling price of Colina and fidelity **'. 30 May 2008
Last Price - Last traded over-the-counter price 31 Apri 2008
Weekly Vol. - Trading volume of the prior week - 30 April 2008
EPS $ - A company's reported earnings per share forthe last i12mths «> tte + 13, June 2008

NAV - Net Asset Value
N/M - Not Meaningful
FINDEX - The Fidelity Bahamas Stock Index. January 1, 1994 = 100

Working capital increases of
$4 million in increased inven-,
tory balances for the Cost
Right stores in Freeport and.
Abaco were made in 2007,’
something Abaco Markets said, '
was unlikely to be repeated in:
fiscal 2008. The company was
also due to close the $2.2, mil-
lion net purchase of the

sales growth came mainly from
family and individual con-
sumers, and Abaco. Markets
said that in 2008 it would con-
centrate on growing sales from
small businesses. Also this fis-
cal year, the company plans to
roll-out the in-store pharma-
cy, bakery and wire transfer
services business trialled in its.

Solomon’s SuperCentre store Solomon’s SuperCentre-
in Nassau to the Freeport Freeport store it has been feas-.
store. ing since 2004 by May-end,

NOTICE

NOTICE is hereby given. that FRIDLAIS . FRANCOIS }

of MT. PLEASANT OFF KEMP ROAD, NASSAU, |
BAHAMAS, is applying to the Minister responsible for. !
Nationality and Citizenship, for registration/naturalization
as a citizen of The Bahamas, and that any person

who knows any reason aly registration/ naturalization |:
should not be granted, should send a written and signed :
statement of the facts within twenty-eight days from the
23RD day of JUNE 2008 to the Minister responsible for
Nationality and Citizenship: P.O. Box N- 7147, Nassau,
Bahamas.







COMMONWEALTH OF THE BAHAMAS
IN THE SUPREME COURT
Equity Division




cies 1436 uM






IN THE MATTER OF all that piece parcel or .
lot of land situate on the Southeastern corner of Union Village
and Wulff Road in the EasternDistrict of the Island of
New Providence one of the Islands of the Commonwealth of |
The Bahamas being, 9,424 sq. ft ;












AND



IN THE MATTER OF The Quieting Titles Act, 1959




. AND





IN THE MATTER OF The Petition of Betty Strachan




NOTICE





BETTY STRACHAN: the Petitioner claims:to be the -

owner in fee simple possession of the piece parcel or lot of iand |
hereinbefore described and has made application to the Su
Court of the Commonwealth of The Bahamas under Section 3 4
of the Quieting Titles Act to have the title to the said piece parcel.
or lot of land investigated and the nature and extent thereof |
determined and declared in a Certificate of Title to be granted |
by the Court in accordance with the: provisions of the Act.
Copies of a diagram or plan showing the position boundaries.
and shape marks and dimensions of the said pieces parcels and |
lots of land may be jungles during normal wuorne hours. at

i arene teil aan a

the followillE places: y a

(a) TheRegistry.of.the.Supreme:Court, Maishached|
‘House, East Street in the City of Nassau, New
Providence, The Bahamas. -

(b) The Chambérs of Davis & Co.; British Coloniab’
Hilton, Centre of Commerce, 4th Floor Suite 400, :
One Bay Street, Nassau, The. gene Aupmnpys
for the Petitioner: ‘










-
f ramisture PORTO? thie awit OM mya O WIN 4






























NOTICE is hereby given that any person GF petsons ;
having a right of Dower or an adverse claim not recognized in
the Petition shall within thirty (30) days after the appearance of ’
the Notice herein file in the Registry of The Supreme Court in ‘
the City of Nassau aforesaid and serve on the Petitioners or the.
undersigned a statement of-his claim in the prescribed form |
verified by an Affidavit to be filed therewith.

Failure of any such person to: file and serve a statement |
of claim within thirty (30) days herein will Hl operate, as.a bar to.
such claim.

%






Dated this 7th day of May A.D., 2008





DAVIS & CO.
Chambers. -,
qth Floor, Suite 400 3 CSA amassed
British Colonial Hilton =
Centre of Commerce eae
One Bay Street
Nassau, The Bahamas












EG CAP

TTAL MARKETS
BROKERAGE & ADVISORY SERVICES














ee i en Se

_EPS $ Div $



__Daily Vol.
1.84
















11.80 0.00 1.086 0.400
9.43 0.00 0.643 9.160
0.89 0.00 -0.647 9.030 a
3.49 0.00 0.209 0.090 3
2.35 0.00 0.055 0:040 z
14.00 0.00 ¥ 4.121 0.240
2.87 0.00 655 0.046 0.040 i
7.28 0.00 0.440 0.300 x
3.56 0.13 0.134 0.052
2.90 0.00 0.308 0.040 ‘
8.00 0.00 0.728 0.2860 ,
12.50 0.00 0.650 0.570 3
11.79 0.00 0.651 0.470 »
5.55 0.00 0.386 0.140 ee
1.00 0.00 0.000 0.000
0.44 0.00 0.035 0.000 9
6.79 0.00 0.411 0.300 t
12.00 . t



10.00





6.25
0.40
















Last 12 Months
5.47%
8.13%
3.82%
14.65%
5.73%



-0.07%
1.38%
-3.32%
2.35%








-0.04% -0.04%





















Fie Ae ne a



PAGE 8B, MONDAY, JUNE 23, 2008 THE TRIBUNE



felon ela











1 DONT SEE WHY HE CAN'T
BE GVIL JUST BECAUSE T
ACCIDENTALLY DROPPED A
DUFFEL BAG OVERBOARD AND
HE BROKE HIS GLASSES.

ARE YOU GOING TO TELL HIM
HE LEFT THE CAR LIGHTS ON
BACK WHERE WE GOT THE CANOE

Tribune Comics





JUDGE PARKER

I JUST HOPE
THINGS WORK








WE'LL SEE...
HE'S A

N A MINUTE---
WE'RE STILL

SO, TELL ME
ABOUT WHAT
YOU DID
TO THAT






RUNNING A
LAW OFFICE. f




Sudoku Puzzle

Sudoku is a number-placing puzzle based on a 9x9 grid with
several given numbers. The object is to place the numbers 1 to
9 in the empty squares so the each row, each column and each
3x3 box contains the same number only once. The difficulty
level of the Conceptis Sudoku increases from Monday to
Sunday :



COMPUTER SCREEN ALL
DAY~-DO YOU
MIND IF WE
SKIP THE
MOVIE,

TOME 2






















1 NEEO TO ROTATE MY HAMMOCK SO
IT WON'T BE FACING THE HOT SUN




THE FIRST DAY OF SUMMER IS MY
REMINOER TO TAKE THE CAR IN AND
HAVE THE TIRES ROTATED





le












“{ THINK DENNIS WOULD BE A COOP CANDIDATE
FOR THE FIRST KID ON THE MOON!”













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

Difficulty Level * *& *& & 6/21




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 fop. No number
may be used in the same block more than once. The difficulty
level of the Conceptis Kakuro increases from Monday to Sunday.



- www.Blondie.com








MOM \S
SUCH A

CONTROL
FREAK


























































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

















6/21







































AREN'T YOU SPOSE? YEAR, BUT MY. VAP tM GOING
7O BE CUTTING WON'T LET: ME USE THE OUT 0 GRAZE }
THE GKASS 7 POWER LAWN Mow ; bee tists

ER
[Qe
Etienne Bacrot y Radek Katod,
European club cup 2007, Elite
grandmasters enjoy positions
like today's puzzle when taking
on lesser lights. France's number
one Bacrot has two bishops
against two knights on an open
board, while the black army is
mostly squashed on the back
rows, Only Black's queen is





“ ROL IO
Chess 8567: 1 BS! Oxeds 2 Kol Oxdds 3 Ke? Oxt2ed
Kb3. Black is out of checks, while White threatens .
Qxf8 mate, Black tried 4..K48 S Bxf8 and then

i sesigned as White weil soon play 8d&+, Oxf8+ and

4: Qe? mate.




















My GREWI6 3 SINCE WHEN SINCE THEY DIDN'T GET , active, so that Bacrot apparently
‘ CRE ES a CAN WAT? THEIR "CHRISTMAS BONUS has to deal with the threat Qxed+
ee otting a few pawns, The —
SUMMER BONUS" = “\ P ;
nee Pen z a outcome was a surprise as Bacrot HOW many words of four
x YY 5 Beata death Pe h The letters or more can you make
é te made a threat of his own, then
NSS £ \ 2) s from the letters shown here? In
i dexterously manoeuvred his king Target making & word, each letter may
: ¥ N to escape the checks and force uses contain the cents Tie ne .
Z C Kalod's resignation. With these words in ere Rae he at least one
: : A clues; can you work out the the main ~Topav's- anaes: NO Plurals.
3 RAS finish? body of Good 18; very good 27;
5 \S AN x excellent 36 (or more).
AA eA Ne Chambers Solution tomorrow.
2ist YESTERDAY'S SOLUTION
cent cert cogent cone conger
Century CONGRUENT core com
= CRYPTIC PUZZLE 7 Dictionary cornet cote count counter
a — ! {1999 court crone cruet cure curt
i 7 | | Pe : | || edition eute cuter ecru Coenen

: b nonce once ounce recoun
| Across Down PaO LM eles teed | NON). ecto tore trounce true unco
mr 1. Parking, reversing 1 Have fun with a song at gael k a 5

/ badly, making | the piano (4) BHREREEEEBE s&s
e \ ajam(10) 2 Not at all simple to work B
2 6 Capital solo composition out in detail (9) Sataees
Does (4) 3 English course involving ? |i : | |
U 10 Collect for a service (5) translation of poems (5) 7
Cee 11 Arming the riotous is a 4 He provides French wine Pe lah oe
aN. horrifying experience (9) with the rent perhaps (7) Fe | Bae a
nr 12 Order gets round to a mili- 5 Possibly ignored a racial " 2 #
- tary unit (8) description (7) With a Little Bit of Luck
| a : 13 Turnover in coats (5) 7 Sarcastic note (5)
Le 15 Tugged both ways and 8 uberinuenets but missed , North dealer. of the opposing spades, about a 36
of very nearly crazy (7) Te something? (10) Neither side vulnerable. percent probability. Without the even
‘ : 17 Game could turn on deri- { 9: Stout fellow broke the law il 8 "| | ry a re NORTH split, declarer seems certain to lose a
ose |. sive cry in Irish assembly in the beginning (8) Pere dae ts PP ded | 40743 diamond trick.

C (7) ‘| 14 It doesn’t give a hoot! (7,3) | VA 107 But the fact is that the grand slam
19 We don’t like to see a pupil | 16 Achieve a win in 10 sec- 3 | | || | | 7 | | | A952 is a far better proposition, because it
ee painfully afflicted (7) onds flat (5,3) 2 AG also will succeed whenever either

: 21 Leave very little time to 18 Suddenly smile upon in a RES rin WEST EAST opponent holds four or more spades

I . reduce the sentence (3/4) strange way (2,7) #106 @J982 and the king of diamonds. This addi-

“a, |_| 22 Expert makes a wi 20 Point to‘article on board Down ¥352 ¥65 tional possibility was not lost on

N- remark (5) . ~ “guitable for consumption ul fonts : , , ~¢576 K 1084 South, who had no trouble bringing

|. 94 Th ide drinks f 7 z wal 1 At tirstsight (5,5) Ee Coripaerion ss) #1098542 &Q73 in the contract. :

So Sel Reo Erica ip @). . 21 ess the meeting N BS NICAS NG Coste) 2 Vague) SOUTH Declarer won the opening club

O | 27 Bemorettan toseavey | winicenararesave 7) |S | 10 Harmer) ee ee prep preted
. from hore (9) 23 On the move in East Iran ao. 11 Worthy (9) peals:to (7) ¢03. : See OF acne beck. ee

N- 28 Doctor goes after bad (5) 12 Get back again (8) 5 Asa Substitute (7) 2 a“ id S belore running the

5 : >= . : &K J rest of his trumps. On the last three

EE French port in Sweden (5) 25 Greek pigeon? (5) oO 13 Drainage channel (5) 7 Contaminate (5) The bidding: trumps he discarded dummy’s three

— | 29 Learning a new role (4) . 26 Control knob (4) ¢{ 15 Inauspicious (7) 8 Arbitrary (4-6) North East South West — small diamonds, retaining ‘all four

| 30 -Asore head needs treating Lu 17 Manner of speaking 9 Manufacturer (8) 1¢ Pass 24 Pass spades on the table opposite the
c with it! ao) (7) 14 Dejection (3,7) ay Pass 4NT Pass queen of diamonds and A-K-5 of

: ; ; d(7 | for (8 5@ Pass 7% spades in his hand.
Yesterday’s Cryptic Solution Yesterday’s Easy Solution ye ees 1G: Be oa eleva IOs) Opening lead — ten of clubs. In the meantime, East also had to

R 21 Mental reservation af Elewed (9) It goes without saying that an come down to four cards and could
: oO Across: 1 Crashes, 5 Slump, 8 Across: 1 On guard, 5 Cramp, 8 (7) 20 Notwithstanding (7) optimistic bidder is sure to encounter not find a safe discard on the last

"| Following, 9 Pug, 10 Salt, 12 Semicolon, 9 Cut, 10 Tidy, 12 22 Distinctive expres- 21 Drastic reorganisa- more opportunities for brilliant play trump. If he discarded a_ spade,

S | Impaired, 14 Immure, 15 Bleats, 17 Paganini,‘ 14 Rescue, 15 Lovely, 17 sion (5) tion (5-2) than a more cautious soul. dummy’s last spade would become a
: -de- fe tt 5 Take this case where South dis- ick, if he discarde > ki f

& | wichor 24 Extol 25 Madders, Jampackad, 24 Garat, 25 Numania, 24 Unwavering support: | 28 Deduce (5) Sivered via Blackwood tal isperl:.” diamonds instead, Soutaiwould Win
|). | Down: 1 Cuffs, 2 Awl, 3 Hoop, 4 Down: 1 Onset, 2 Gum, 3 Arch, 4 er (8) 25 A devastated region ner held three aces and then leapt to the last four tricks with the queen of

WwW Stigma, 5 Signally, 6 Upder case, 7 Dollar, 5 Cinnamon, 6 Architect, 7 27 Barren (9) (5) a grand slam without bothering to diamonds and A-K-Q of spades.

Oo Pagodas, 11 Limelight, 13 Free will, Petrify, 11 Dishonour, 13 Jumbo jet; 28 Become puffed up (5) | 26 Trudge (4) ask for kings. A more prudent South Since West would have found

â„¢ =| 14 Incense, 16 Harlem, 19 Lords, 20 14 Robotic, 16 Hammer, 19 Media, 29 Nimble (4) probably would have checked for himself in the identical predicament

R | Kind 23 Hoe 20 Balm, 23 Ki, 30 Invterat (46) Eee ee conpes Se a a ae aera

‘ after learning that the diamond king amond king, the grand sle S

D : Was missing. about a 3-1 favorite. All it required



Superficially, making 13 tricks
appears to depend on a 3-3 division
©2008 King Featu

was a pinch of optimism combined
with proper technique.

res Syndicate Inc.



_THE TRIBUNE

MK 2MGe

KPMG Telephone 242 393 2007
PO Box N 123 Fax 242 393 1772
Montague Sterling Centre Internet www.kpmg.com.bs

East Bay Street
Nassau, Bahamas

INDEPENDENT AUDITORS’ REPORT

To the Shareholder of Credit Suisse Wealth Management Limited

We have audited the accompanying consolidated balance sheet of Credit Suisse Wealth Management
Limited (“the Bank”) as at December 31, 2007, and a summary of significant accounting policies and
other explanatory notes (together “the consolidated financial statement”).

Management's Responsibility for the Consolidated Financial Statement

Management is responsible for the preparation and fair presentation of this consolidated financial
statement in accordance with International Financial Reporting Standards (“IFRS”). This responsibility
includes: designing, implementing and maintaining internal control relevant to the preparation and fair
presentation of the consolidated financial statement that is free from material misstatement, whether
due to fraud or error; selecting and applying appropriate accounting policies; and making accounting
estimates that are reasonable in the circumstances.

Auditors’ Responsibility

Our responsibility is to express an opinion on this consolidated financial statement based on our audit.
We conducted our audit in accordance with International Standards on Auditing. Those standards
require that we comply with ethical requirements and plan and perform the audit to obtain reasonable
assurance whether the consolidated financial statement is free of material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in
the consolidated financial statement. The procedures selected depend ‘on our judgment, including the
assessment of the risks of material misstatement of the consolidated financial statement, whether due to
fraud or error. In making those risk assessments, we consider internal control relevant to the Bank’s
preparation and fair presentation of the consolidated financial statement in order to design audit
procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion
on the effectiveness of the Bank’s internal control. An audit also includes evaluating the
appropriateness of accounting policies used and the reasonableness of accounting estimates made by
management, as well as evaluating the overall presentation of the consolidated financial statement.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for
our audit opinion. :

Opinion

In our opinion, the consolidated financial statement presents fairly, in all material respects, the financial
position of Credit Suisse Wealth Management Limited as at December 31, 2007 in accordance with

IFRS.

As more fully described in notes 1 and 2 (b) to the consolidated balance sheet, the Bank has assigned to
a related party substantially all assets and liabilities and therefore has surrendered its banking license.
As a result, the Bank has changed its basis of accounting from a going concern basis to a net realizable
eae) basis.

Emphasis of Matter

Without qualifying our opinion we emphasize that this consolidated financial statement does not
comprise a complete set of consolidated financial statements prepared in accordance with IFRS.
Information on results of operations, cash flows and changes in equity is necessary to obtain a complete
understanding of the financial position, performance and cash flows of the Bank.

KPMG

Chartered Accountants
Nassau, Bahamas
April 30, 2008

CREDIT SUISSE WEALTH MANAGEMENT LIMITED
Consolidated Balance Sheet

December 31, 2007, with corresponding figures for 2006
(Expressed in United States dollars)

eer ce
Note 2007 * 2006
Assets
Cash and cash equivalents 3&10 $, 1,260,821,192 1,081,118,266
Deposits with banks 3&10 11,324,125 2,527,029
Accrued interest receivable 10 2,924,631 3,063,163
Receivables from customers 8,575,392 3,181,802
Securities purchased under agreements to resell 8 & 10 14,750,832 14,832,079
’ Loans and advances to customers 4 112,784,038 60,169,243
Other assets 10 36,380,821 63,841
Total Assets : $ 1,447,561,031 — 1,164,955,423
Liabilities
Deposits from banks 5&10 §$ 64,263,672 48,395,401
Deposits from customers 6 1,289,219,458 . 1,032,058,793
Accrued interest payable 10 2,083,982 2,382,057
Fees received in advance from customers 126,300 134,700
Securities sold under agreements to repurchase 8 & 10 10,110,834 12,041,931
Service level agreement fees payable 10 _ 2,317,147 1,035,000
Other liabilities 10 6,797,511 9,571,144
Total Liabilities 1,374,918,904 1,105,619,026
Shareholder’s Equity
Share capital: ,

Authorized, issued and fully paid:

5,000,000 shares of $1.00 each 5,000,000 5,000,000
Contributed surplus 27,500,000 27,500,000
Retained earnings 40,142,127 26,836,397
Total Shareholder’s Equity 72,642,127 59,336,397
Commitments 7,8&9

Total Liabilities and Shareholder’s Equity $ 1,447,561,031 ‘ 1,164,955,423

See accompanying notes to consolidated balance sheet.

The consolidated balance sheet was approved on behalf of the Board of Directors on April 30, 2008 by
the following:

‘Martin Sutter Director Michael A. Ranson Director

CREDIT SUISSE WEALTH MANAGEMENT LIMITED

Notes to Consolidated Balance Sheet

December 31, 2007
(Expressed in United States dollars)



1. General information

Credit Suisse Wealth Management Limited ("the Bank") was incorporated on September 5, 2003
under the laws of the Commonwealth of The Bahamas (‘The Bahamas”) and is licensed under the
Banks and Trust Companies Regulation Act, 2000 to conduct international banking and trust
services. The Bank also holds a broker-dealer Class II license under the Securities Industry Act,
1999 to conduct securities trading and an unrestricted Fund Administrator’s license under the
Investment Funds Act, 2003 to administer investment funds. The Bank is a wholly-owned
subsidiary of Credit Suisse (Bahamas) Limited (‘the ‘Parent”) whose office is located in The
Bahamas. The ultimate parent company is the Credit Suisse Group whose headquarters is located
in Zurich, Switzerland.

The Bank commenced operations on January 2, 2004. The Bank’s business activities consist of
banking, securities trading, trust, corporate management, fund administration and other financial
services involving a large number of clients with substantial assets under administration.

The registered office of the Bank is located in The Bahamas Financial Centre, Shirley and Charlotte

MONDAY, JUNE 23, 2008, PAGE 98

Streets, Nassau, Bahamas. At December 31, 2007 the Bank employed 16 persons (2006 -
persons).

Effective January 1, 2008 the Bank for good and valuable consideration asiipied to Credit Suisse,
Nassau Branch substantially all the Bank’s rights, obligations, interests, benefits and advantages
(including without limitation, the benefit of all indemnities) in relation to all customer accounts
held by the Bank under the documents which have been signed or provided by the respective
customers or which contain information in respect of their relationships with the Bank, including,
but not limited to, current accounts, deposit accounts, custody: of safekeeping accounts, loan
facilities, collateral and security interests, and any and all such other relationships as well as all
other assets and liabilities as shown on the Bank's balance sheet as of December 31, 2007
(including any contingent liabilities).

At same date, the Bank sold to Credit Suisse, Zurich all shares held by the Bank in the below Matis
subsidiaries described in the Bank’s balance sheet as of December 31, 2007:

Vialink Nominees Ltd.
UTC Management Ltd.
Vialink Nominees (Bahamas) Limited
After these transactions the Bank surrendered its unrestricted non- -resident bank & trust license
which was replaced by a restricted nominee trust license granted by the Central Bank of The

Bahamas as of such date.

Summary of significant accounting policies
(a) Statement of compliance

The Bank’s consolidated balance sheet has been Prepared in accordance with International
Financial Reporting Standards (IFRS).

(b) Basis of preparation
The consolidated balance sheet has been prepared aidet the historical cost convention and the
accounting policies have been consistently applied.
In preparing the balance sheet, the Bank has adopted IFRS 7 (Financial ‘Instruments:

Disclosures) and IAS | (Presentation of Financial Statements - Capital Disclosures) which .

become effective on January 1, 2007. The adoption of IFRS 7 and the amendment to JAS 1
impacted the type and amount of disclosures made in this consolidated balance sheet, but had
no impact on the financial position of the Bank. In accordance with the transitional
requirements of the standards, the Bank has provided full comparative information.

Due to the decision to assign to a related party substantially all assets and liabilities as noted in
note 1 above, the Bank’s management has determined that the going concern assumption is no
longer appropriate. As a result, the Bank has changed its basis of accounting from the. going-
concern basis to the net realizable (settlement) basis. Due to the nature of the assignment
disclosed in note 1, management does not believe that there is a significant difference veabchdad
the net realizable (settlement) basis and the historical cost basis. :

(c) Basis of consolidation

The consolidated balance sheet include the accounts of the Bank and its wholly-owned
subsidiaries, Vialink Nominees Ltd., UTC Management Ltd. and Vialink Nominees (Bahamas)
Limited, all of which were incorporated under thé laws of The Bahamas. The activities of all
such subsidiaries are limited to the trust and corporate management services offered by the
Bank. :

Subsidiaries are entities controlled by the Bank. Control exists when the Bank has the power to
govern the financial and operating policies of an entity so as.to obtain benefits from its
activities. In assessing control, potential voting rights that presently are exercisable are taken
into account. The balance sheets of subsidiaries are included in the consolidated balance sheet
from the date that contrel commences until the date that control ceases.

Inter-company balances are eliminated in preparing the consolidated balance sheet.

(d,

~

Use of estimates

‘The preparation of the consolidated balance sheet requires management to make judgments,
estimates and assumptions that affect the application of accounting policies and the amounts
reported in the consolidated balance sheet and accompanying notes. : These estimates are based
on relevant information available at the balance sheet date and as such, actual results could
differ from those estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to
accounting estimates are recognized in the period in which the estimate is revised if the revision

affects only that period, or in the period of the revision and future periods if the 1 revision affects

both current and future periods.

In particular, information about significant areas of estimation uncertaiity® “and” ctitical

judgments in applying accounting policies that have the most significant effect'on the amounts
recognized in the consolidated balance sheet are described in notes 2(k) and 2(m).

(e) Foreign currency translation

The reporting and functional currency of the Bank is United States dollars, as the Bank’s share
capital is denominated in United States dollars, a significant amount of the Bank's transactions
are conducted in United Sites dollars and the majority of the Bank's assets are also held in this
currency.

Assets and liabilities maintained in foreign currencies are translated into United States dollars
at the rates of exchange prevailing at the balance sheet date.

() Financial instruments
Classification

Loans and advances are created by the Bank providing money to its customers other than those
created with the intention of short term profit taking. Loans and advances comerioe pans and
advances to customers other than purchased loans.

Held-to-maturity financial instruments are financial assets and liabilities with fixed or
determinable payments and fixed maturity that the Bank has the intent and ability to hold to

maturity. These include cash and cash equivalents (except deposits on demand), deposits with |

banks, deposits from banks, deposits from customers, securities purchased under agreements lo
resell and securities sold under agreements.to repurchase.

Financial liabilities that are not at fair value through profit and loss.are accrued interest
payable, fees received in advance from customers, investment management fee ee service
level agreement fees payable, and other liabilities.

Recognition

The Bank recognizes financial instruments on the day that funds are disbursed or received as
applicable.

Measurement

Financial instruments are measured initially at fair value, which normally will be equal to the .
transaction price, plus, in case of a financial instrument not at fair value through profit-or loss,
transaction costs that are directly attributable to the acquisition or issue. of the financial
instruments. For financial instruments at fair value through profit or loss, transaction costs that
are directly attributable to the acquisition or issue of the financial instruments are expensed
immediately.

Subsequent to initial recognition all non-trading financial liabilities, loans and advances and
held-to-maturity assets and liabilities are measured at amortized cost less impairment losses,
where applicable. Amortized cost is calculated using the effective interest rate method.

Derecognition
&

A financial asset is derecognized when the Bank loses contro! over the contractual rights that
comprise that asset. This occurs when the rights are realized, expire or are surrendered. A
financial liability is derecognized when its contractual sr obitedtions are discharged, cancelled or .
expire.

(g) Assets under management

The Bank is engaged in the provision of asset management services involving a large number
of clients with substantial funds under administration.

Property in the amount of $2,450 million (2006: $1,694 million) held by the Bank in a fiduciary
or agency capacity for its customers has not been included in this consolidated balance sheet
since such items are not assets of the Bank.

(kh) Receivables from customers

These receivables primarily comprise fees billed to clients. The Company's policy is not to
make a general provision for bad debts, however all amounts receivable are written-off after a
defined period of time has elapsed. As at December 31, 2007 and 2006, no provisions were
made against receivables from customers.

(i) Securities financing arrangements

The Bank enters into purchases (sales) of investments under agreements to resell (repurchase)
substantially identical investments at a certain date in the future at a fixed price. Investments
purchased subject to commitments to resell them at future dates are not recognized. The Bank,
under the terms of these agreements, has the right to pledge or sell the assets received. The
amounts paid are recognized in securities purchased under agreements to resell. The receivables
are collateralized by the underlying security.



PAGE 10B, MONDAY, JUNE 23, 2008

3.

4.

Cash and cash equivalents and deposits with banks
Cash and cash equivalents eam interest at annual rates ranging from 2.48% to 5.03% (2006: 1.87%
to 5.35%), and are summarized by currency below:
2007 2006
BRL ~ $10,902,661 3,299,462
CAD 15,505 77,737
CHF . 2,367,978 1,810,875
EUR 3 Betti 52,841,231 21,978,350
GBP 5 ; \ 350,553 1,454,719
JPY at 68,461 91,943
USD 1,193,953,456 1,052,332,574
Other. x 321,347 72,606
$ 1,260,821,192 1,081,118,266 ©
Deposits with banks earn interest at annual rates of 4.32% to 4.68% (2006: 3.58% to 5.31%) and
- are summarized by currency below:
2007 2006
. EUR . i $ 1,324,125 527,029
USD : 10,000,000 2,000,000
me § 11,324,125 2,527,029
rey eye
Loans and advances to customers
Loans and advances represent short-term advances provided by the Bank to customers. Their
maturity periods range less than 12 months and they ear interest up to 6.205% per annum (2006:
6.79%), and are summarized by currency below. With respect to a single client loan in the amount
of $30 million, the interest rate is fixed to 12 month LIBOR plus 1% per annum adjusted annually
on the anniversary of the loan. During the year the Bank recorded no losses resulting from non-
payment of interest or principal. All! loans are fully guaranteed by cash and security collateral
without any provision for impairment of losses.
ee eer
28 ee gE i Sa Nic OU pet 2008
BRL $ 2,978,123 . 88,756
EUR 4,119,769 2,549,274
USD a 105,685,936 57,531,209
Other ‘ 210 4
$ 112,784,038 60,169,243
Deposits from banks
2007 ___ 2006
Payable on demand $ 10,863,672 9,895,401
Term deposits é 53,400,000 38,500,000
$ 64,263,672 _ 48,395,401
Interest was paid on deposits from banks at annual rates ranging from 4.6% to 5.205% (2006:
5.19% to 5.41%), and are summarized by currency below:
2007 \ 2006
BRL + $ - 48,986
EUR 1,471,250 -
CAD 1apee - 69,431
USD sae 62,792,422 _ 48,276,984
$ 64,263,672 48,395,401
Deposits from customers ‘
2007 2006
Payable on demand aie $ 1,023,544,554 726,839,786
Term deposits 265,674,904 305,219,007
pes $ _1,289,219,458 1,032,058,793
Interest was paid on deposits from customers at annual rates ranging from 2.12% to 5.51% 2006:
1.80% to 5.20%), and are summarized by currency below:
2007 © 2006
BRL : $ 13,873,860 - 3,093,338
CHF 5 2,357,660 1,699,280
EUR 84,430,046 22,281,173
GBP : 270,959 1,574,459
JPY 5,008 3,050
USD 1,188,121,284 —1,003,398,461
Other 160,641 _|__ 9,032
$ — 1,289,219,458 1,032,058,793
Financial instruments

1,

The difference between the sale and repurchase considerations is recognized on an accrual basis
over the period of the transaction.

The Bank may pledge securities received as collateral to secure borrowings under repurchase
agreements. As these securities received and subsequently repledged are not owned or sold
short by the Bank, these securities are not recognized.

(i) Loans and advances to customers
Loans and advances are reported net of allowances to reflect the estimated recoverable
amounts.

(k) Impairment ;

Financial assets that are stated at cost or amortized cost are reviewed at each balance sheet date
to determine whether there is objective evidence of impairment. Financial assets are impaired
when objective evidence demonstrates that a loss event has occurred after the initial recognition
of the asset, and that the loss event me an impact on the future cash flows on the asset that can
be estimated reliably.

Objective evidence that financial assets are impaired can include default or delinquency by a
borrower, restructuring of a loan or advance by the Bank on terms that the Bank would not:
otherwise consider, indications that a borrower or issuer will enter bankruptcy, the
disappearance of an active market for a security, or other observable data relating to a group of
assets or economic conditions that correlate with defaults in the Bank.

If any such indication exists, the asset’s recoverable amount is estimated and the impairment
loss is recognized. If in a subsequent period the amount of an impairment loss recognized on a
financial asset carried at cost decreases and the decrease can be linked objectively to an event
occurring. after the write-down, the write-down is reversed.

() Offsetting

Financial assets and liabilities are set off and the net amount presented in the consolidated
balance sheet when, and only when, the Bank has the legal right to. set off the amounts and

intends either to settle on a net basis or to realize the asset and settle the liability

simultaneously.

(m) Provisions
A provision is recognized if, as a result of a past event, the Bank has a present legal or
constructive obligation that can be estimated reliably, and it is probable that an outflow of
economic benefits will be required to settle the obligation. Provisions are determined by
discounting the expected future cash flows at a rate that reflects current market assessments of
the time value of money and, where appropriate, the risks specific to the liability.

(n) Financial guarantees |

Financial guarantees are contracts that require the Bank ‘to make specified payments to
reimburse the holder for a loss it incurs because a specified debtor fails to make. payment when
due in accordance with the terms of a debt instrument.

Financial guarantee liabilities are initially recognized at their fair value, and the initial fair
value is amortized over the life of the financial guarantee. The guarantee liability is
subsequently carried at the higher of this amortized amount and the present value of any
expected payment (when a payment under the guarantee has become probable).

At December: 31, 2007, there were no financial guarantee liabilities recognized’ in the
consolidated balance sheet (2006 - $nil).































‘ The Bank is party to financial instruments with off-balance sheet risk and other derivative financial

(

THE TRIBUNE

instruments in the normal course of business to meet the financing needs of its customers.
Financial instruments include commitments to extend credit at fixed and floating rates, standby
letters of credit and currency swap agreements. These instruments involve, to varying degrees,
elements of credit and interest rate risk in excess of the amount recognized in the consolidated
balance sheet. However, the Bank's credit risk is minimal, since most of the instruments have been
entered into on behalf of clients.

The contract or notional amounts of financial instruments reflect the extent of the Bank's
involvement in particular classes of financial instruments and do not measure the Bank's exposure
to credit or market risks and do not necessarily represent the amounts exchanged by the parties to
the instruments. The amounts exchanged are based on the contractual notional amounts and the
other terms of the instruments. Notional amounts are not included in the consolidated balarice sheet
and generally exceed the future cash requirements relating to the instruments.

Credit risk f
Credit risk is the risk that a counterparty to a financial instrument will fail to discharge an
obligation or commitment that it has entered into with the Bank. The Bank has a credit policy in
place and the exposure to credit risk is monitored on an ongoing basis. Credit exposure is
controlled by counterparty limits that are reviewed and approved by the local risk management
committee and/or the risk management committee of the Parent. The Bank has a significant
concentration with its affiliated companies. At December 31, 2007 100% of the total loans given to
third parties (2006: 100%) are guaranteed by cash and/or security collateral.

The Bank has outstanding in the normal course of business, payment obligations and guarantees of
$46,582,095 (2006: $37,394,515). The Bank's maximum potential exposure to credit Joss in the
event of non-performance by the other parties to the commitments to extend credit is represented by
the contractual notional amount of those instruments. The Bank uses the same credit policies in
making commitments and conditional obligations as it does: for on-balance-sheet instruments.
Management does not anticipate any material loss as a result of these transactions.

Market risk

Market risk is the risk that there will be a change in the value of a financial instrument due to a
change in market conditions. The Bank minimizes the risk through various control policies,
monitoring procedures and hedging strategies. The Bank manages its exposure to interest rate
changes, liquidity and currency risk related to its portfolio of asset and liability deposits by
matching the majority of its assets and liabilities by currency and maturity. Accordingly, there is
minimal market risk exposure and therefore sensitivity analysis is not representative of a risk
inherent in the financial instruments.

The notional amount of financial instruments used by the Bank to manage interest rate and currency
risk for clients’ accounts at the balance sheet date was approximately $1.974 billion (2006: $518
million), comprised of $1,968 billion (2006: $344 million) of purchase commitments and $6
million (2006: $174 million) of sales commitments.

Interest rate risk

Interest rate risk is the risk that the value of a financial instrument may fluctuate significantly as a
result of changes in market interest rates. The Bank’s exposure to interest risk is monitored on a
regular basis through ensuring that the asset and liability transactions are contracted over similar
average terms and with a spread which provides the Bank with an adequate return. Its objective is
to manage the impact of interest rate changes on earnings.

Currency risk

Currency risk arises from the possibility that the value of a financial instrument will fluctuate due to
changes in foreign exchange rates. The Bank minimizes this risk by monitoring levels of foreign
currencies on a daily basis, matching the majority of its asséts and liabilities by currency and

closing out positions as appropriate. -

As of balance sheet date, the Bank’s assets and liabilities were denominated in United States
dollars, except for the following, which were either denominated or linked to other currencies as

follows:



2007 : 2006 ,
: Net -

Assets Liabilities exposure Assets Liabilities Net exposure
Brazilian real $ — 13,880,784 13,853,646 ~ 27,138 $ 3,388,218 3,142,507 245,711
Euro 57,100,950 85,863,873. (28,762;923) 25,062,527 24,272,537 =, - 789,990
British pound 350,555 270,959 79,596 1,454,719 1,574,459 (119,740)
Swiss franc 2,429,476 2,377,660 51,816 1,854,102 1,700,054 154,048
Japanese yen 68,461 5,008 63,453 91,943 3,050 88,893
Canadian dollar 15,505 307 15,198 77,737 69,430 . 8,307
Other 329,586 160,334 ee 169,252 80,847 9,032 71,815
Total $ 74,175,317. 102,531,787 (28,356,470) $ 32,010,093 30,771,069 1,239,024

The large net liability exposure at December 31, 2007 for the Euro is due to a timing difference
between the receipt of a customer’s deposit and the placement of funds by the Bank.

Fair value
Management estimates that the total fair values of financial assets and liabilities do not differ
materially from their carrying values given that average effective interest rates approximate the

current interest rates available to the Bank for placements and offered by the Bank for deposit
liabilities with similar maturities and due to their short term maturities.

Management does not consider the exposure to certain of these risks to be significant for the

following reasons: (1) the Company’s financial assets, for the most part, are comprised of short-
- term deposits with reputable financial institutions (primarily CS group entities), and (2) financial

liabilities are comprised primarily of amounts due to CS. group entities and customer demand
deposits.

Securities financing arrangements

‘The Bank purchases financial instruments under agreements to resell them at fuiure. dates. The

9.

seller commits to repurchase the same or similar instruments at an agreed future date. The securities
purchased under agreements to resell are entered into as arfacthity to provide funds to customers.

Alt December 31, 2007 securities purchased under agreements to resell were as follows:

2007





Fair value of





Carrying

_ assets held as amounts of

_ collateral receivable

Government bills and bonds "$16,952,785 14,750,832
2006

Fair value of Carrying

assets held as amounts of

collateral receivable

Government bills and bonds $ 17,232,542 14,832,079



The Bank has pledged securities received as collateral for securities purchased under agreements to
resell with a fair valye of $10,238,856 (2006: $10,276,008) to secure liabilities due under securities

’ sold under agreements to-repurchase as noted below.

Securities purchased under agreements to resell earned interest at annual rates ranging from 1.25%
to 5.25% at December 31, 2007 (2006: 4.65% to 5.85%).

The Bank also raises funds by selling or pledging financial instruments under agreements to repay
the funds by repurchasing the instruments at future dates at the same price plus interest at a
predetermined rate. The securities sold under agreements to repurchase are commonly used as a
tool for short-term financing of interest-bearing assets, depending on the prevailing interest rates.
At December 31, 2007 assets sold/pledged under agreements to repurchase were as follows:



2007
Fair value of Carrying amount of
underlying corresponding
assets liabilities
Government bills and bonds. $ 10,238,856 10,110,834



3.



Fair value of Carrying amount of

underlying corresponding
assets liabilities
Government bills and bonds $ 10,276,008 12,041,931



Securities sold under agreements to repurchase bore interest at an annual rate of 1.25% at
December 31, 2007 (2006: 4.60% to 5.10%).

Commitment

On June 26, 2006 the Bank entered into an Assignment and Assumpticn of Lease whereby the
Bank assumed all lease obligations under the terms of that certain Indenture of Lease dated as of
July 1, 2003 between Fincen Limited, as landlord, and Credit Suisse First Boston (Nassau) Branch -
(now known as Credit Suisse, Nassau Branch) and at the same time was released from the lease
with its parent previously scheduled to terminate on October 31, 2006. The Bank has the option to
renew its present lease until June 30, 2013. The minimum future annual rental commitment
excluding service charges is as follows:

‘ , f

Rees |

rcs cern rn RRS aaa rea A



THE TRIBUNE



Year to
June 30, 2008 °
10. Related party balances

common control.

Commitment

$ 38,339

The Bank entered into various transactions with the Parent and other parties related by virtue of

The consolidated balance sheet includes the following related party balances:





party totaling $35,981,175 (2006: $nil).

Service level agreement fees

On October 1, 2003 the Bank entered into a service level

finance, accounting, information technology and communication services.

subject to annual re-negotiation.

2007 2006
Assets
| Cash and cash equivalents $ 1,223,280,325 —1,080,012,327
Deposits with banks 11,324,125 2,527,029
Accrued interest receivable 1,409,142 1,475,299
Securities purchased under agreements to resell 5,412,110 12,605,748
Other assets 35,981,175 -
Liabilities Sih
Deposits from banks “$-. 62,788,244 39,571,457
| Accrued interest payable “1,290,176 1,301,578
Securities sold under agreements to repurchase *- 10,110,834 © =
Service level agreements fee payable “vee 2,317,147 1,035,000
Other liabilities 4,796,088 5,512,707
Other assets

Included in other assets at December 31, 2007 are brokerage margin balances due from a related

agreement with the Parent to provide
The agreement ‘is

Effective January 3, 2005 the Bank entered into a service level agreement with an affiliated

2006
Europe America
ASSETS
Cash and cash equivalents $ 28,466,333 327,385,066
Deposits with banks 527,029 2,000,000
Accrued interest receivable 8,682 1,121,426
Reccivables from customers - -
Securities purchased under
agreements to resell - 7,175,748
Loans and advances to customers - -
Other asscis = -
$ 29,002,044 337,682,240
LIABILITIES
Deposits from banks $ 8,468,838 39,036,640
Deposits from customers 2,096,883 6,828,622
Accrued interest payable - 1,301,578
Fees received in advance from
customers - -
Securities sold under agreements
to repurchase - -
Service level agreement fees .
payable - -
Other liabilities 3,771
$ 10,569,492 47,166,840

14. Maturities of assets and liabilities

MONDAY, JUNE 23, 2008, PAGE 11B

Bahamas

725,243,837

1,887,616
3,181,802

2,226,331
52,774,820
13,002
785,327,408

879,784
653,248,740
437,102

. 134,700
2,313,298

1,035,000
9,567,373

667,615,998

Britain Other
21,687 1,343
21,961 23,478

5,430,000 a
- 7,394,423

- 50,839
5,473,648. 7,470,083
10,139 -
37,373,171 . 332,511,377
- 643,376

- 9,728,633

37,383,310 342,883,386

The following is a maturity analysis of selected assets and liabilities:

2007 ;
On demand:
ASSETS
Cash and cash equivalents $ 78,775,150
Deposits with banks -
Securities purchased under agreements to resell -
67,148,413

Loans and advances to customers

$ 145,923,563

Up to J year

1,182,046,042
11,324,125
14,750,832
45,635,625
1,253,756,624

Totals

1,081,118,266
2,527,029
3,063,163
3,181,802

14,832,079
60,169,243
63,841
1,164,955,423

48,395,401
1,032,058,793
0:382,057

134,700
12,041,93%

1,035,000
9,571,144

1,105,619,026

Total

1,260,821,192
11,324,125
14,750,832
112,784,038
1,399,680,187

LIABILITIES
Deposits from banks $
Deposits from customers
Sccuritics sold under agreements to repurchase
Fees received in advance from customers :
Service level agreement fecs payable
Other liabilities

10,863,672
1,023,544,554

$ 1,034,408,226

53,400,000 64,263,672
265,674,904 1,289,219,458
10,110,834 10,110,834

126,300 126,300

2,317,147 2,317,147

6,797,511
338,426,696

1,372,834,922

company to provide IT, operational support, risk coritrol, investment consulting and identification
of opportunities services. The agreement is subject to re-negotiation annually. 2006 ; . :

On demand Up to | year

The bank entered into an investment analysis agreement with Credit Suisse Consultoria de Toial

| 7
Investments Ltda (““CSCIL”) effective January 1, 2007. The annual fee is calculated'as 0.15% on

ASSETS

Cash and cash equivalents $ 17,876,750 1,063,241,516 1,081,118,266

asset under management. Deposits with banks - 2,527,029 2,527,029

i 7 : . * ‘ Sccuritics purchased under agreements (o rescll - 14,832,079 14,832,079

On December 23, 2004, the Bank entered into a service level agreement with Credit Suisse, Zurich cnt ei trivanens 1a cikiomes 21,352,545 38,816,698 60169243

* to house backup servers in Zurich and to provide some backup and maintenance routines in $. 39,229,295 1,119,417,322 1,158,646,617
connection therewith at an annual fee of CHF 9,940. Credit Suisse, Zurich has elected not to ee ; :

charge any.annual fees since the inception of this agreement. Deposits from banks $ 9,895,401 38,500,000 48,395,401

Deposits from customers 726,839,786 305,219,007 1,032,058,793

; Securities sold under agreements to repurchase - 12,041,931 12,041,931

Other Expenses ‘ Fees received in advance from customers * - _», 134,700 : 134,700

. : . : j edit Suisse Grou Service level agreement fees payable : = » 1,035,000 _* 1,035,000

Effective December 2005, the Bank entered into a pee Agreement with Cr : a Reaniieet ’ iE aisaiieds ait

Zurich to use the master ‘brand “CREDIT SUISSE” commercial and service trade marks an be Se Hosein RESULTS 7,103,236,969

variations thereof. The related payable of $nil (2006: $3,771) is included in other liabilities. The : re
15, Capital:management is ;

The Bank is subject to the regulations of the Central Bank of The Bahamas (‘Central Bank”). The
Central Bank requires all Banks to maintain a capital adequacy ratio of at least 8 percent of risk
weight assets-al all times. The capital adequacy ratio is calculated by dividing the Bank’s eligible
capital base by its risk-weightéd exposures. The Bank uses regulatory guidelines as the basis for the
calculation of the ratio. The risk asset ratio is calculated by dividing the Bank’s eligible capital base

by its risk-weighted exposures. At December 31, 2007, the Bank’s management is of the opinion

that the Bank meets the established minimum ratios established by the Central Bank.

agreement is subject to re-negotiation annually.

11. Asset management activities

The Bank provides asset management services for a large number of clients which include
individuals, corporations, trusts and other institutions involving substantial funds, whereby it holds
and manages assets or invests funds received in various financial instruments at the discretion of
the customer. The Bank receives fee and commission income for providing thes services. Assets
under management are not assets of the Bank and are not recognized in the consolidated balance
sheet. The Bank is not exposed to any credit risk relating to such placements, as it does not

guarantee these investments. The Bank es complied with the regulatory imposed capital requirements throughout the year.

12. Taxation

: : 2 ne? ; As at December 31, 2007, the Bank’s eligible capital is as follows:
Under the laws of The Bahamas, there are presently no income, withholding or capital gains taxes f j

a EEEEEEEEEEEEerd
.



payable by the Bank. 2007 2006
13. Concentration of assets and liabilities — z eS Tier 1 capital
hee, ; : SE Ordinary share capital $ 5,000,000 5,000,000
The following is a geographical analysis of assets and liabilities: Contributed surplus 27,500,000 27,500,000
Retained earings _. rg ay 2 40,142,127 26,836,397

2007
cae orenramran: eye FD ELE LEO SF I3 EB ramones wate TTT



Europe America Bahama

Britain’. ° > Other iTojals.iGey

yaar 2 t $i Bey “Senet bend aa Tet acest inkeTane pet oe

ASSETS

ee _ oe $ - 231,927,437 809,765,289 10,432,695 Re Oe Risk-weighted assets : a :
its with ban! - - Lo - 1324, 324, 2
wAberid fnuctan vecdl vabls - 689,291 1,989,523 245,817 2,924,631 Retail bank, corporate bank and central treasu $ 522,261,000 327,479,000
Se seas - - 8,575,392 - - 8,575,392 i 5 522,261,000... - 327,479,000.
agreements to resell - 5,412,110 9,338,722 - - 14,750,832 : :
Loans and advances to customers - 350,017 106,064,944 - 6,369,077 112,784,038 s
Other assets - 35,981,175 399,646 - - 36,380,821

Capital ratios
Total regulatory capital expressed as a percentage of

274,360,030 936,133,516 10,432,695 226,634,790 1,447,561,031

w“
'



ES 5 ’
LIABILITIES : total risk-weighted assets 14% 18%
Deposits from banks $ = 54,871,250 337,226 - 9,055,196 64,263,672 7 5
Deposits from customers - 50,996,904 802,750,694 41,846,485 393,625,375 1,289,219,458
Accrued interest payable - 1,376,760 362,941 - 344,281 2,083,982
Fees received in advance from
customers - - 126,300 - 3 44 126,300
Securities sold under agreements
to repurchase a 10,110,834 = - - 10,110,834
Service level agreement fees
payable - - 2,317,147 - - 2,317,147
Other liabilities - - 6,797,511 - - 6,797,511 .
$ - 117,355,748 812,691,819 41,846,485 403,024,852 1,374,918,904 ' >



PUBLIC NOTICE
INTENT-TO CHANGE NAME BY DEED POLL

The Public is hereby advised that |, DASHEIL DESHEA COX
of No. 5, Ideal Estates in-the Eastern District of the Island 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.

NOTICE |

Draft Partnership Announcement

PETER D. MAYNARD -
COUNSEL & ATTORNEYS

is pleased to announce the appointment of:

JASON T. MAYNARD

as a PARTNER of the firm. Mr. Maynard practices
in the areas of civil litigation including: insurance,
international fraud, asset recovery, insolvency and
debt collection; and commercial areas including:
resort development, conveyancing and mortgages.
He has gained extensive experience in these areas
|| as an Associate Attorney with the firm since 2001.
He is a graduate of McGill University, University of
London and BPP Law School where he obtained
a Bachelor of Arts, a Bachelor of Laws and
completed the Bar Vocational Course respectively.
He was called to the Bar of England and Wales and
The Bahamas Bar in 2001.

Ninth Annual Public Service Week

The Department of Public Service will host an
Essay Competition as one of the activities for the
Ninth Annual Public Service Week. The
‘Competition is open to Junior and Senior School
Students.

_ Students interested in participating should write
a 250-300 words (Junior High), and 450-500 words
(Senior High), essay on the topic: “The Public

Service - Focused on Improving Customer
Service.”

To the clients of
Knowles, McKay & Culmer
the office will be Closed on
the 24th June, 2008 due to the
passing of Mr. Conrad J. Knowles

| the father of our senior partner,
Mr. Paul A.C. Knowles.

The deadline for entries, which should be referred
to the attention of Ms. Antoinette Thompson,
Deputy Permanent Secretary, Departinent of Public
Service, is Friday, 27th June, 2008.

A Dell Desktop 2400 computer system will be

Peter D. Maynard :
y awarded to the winner in each category.

Counsel & Attorneys
Bay & Deveaux Sts.,
P.O. Box N-1000,
Nassau Bahamas,
Tel: 242 325 5335/9

The winners will be announced during the Ninth
Annual Public Service Week Awards Ceremony
scheduled for 11th October, 2008.



a
ae



PAGE 12B, MONDAY, JUNE 23, 2008 THE TRIBUNE

Minister defends
position on EPA

@ By CARA BRENNEN-BETHEL
Tribune Business Reporter





T) sag

position
available

| Registered ICU Nurse
Responsibilities
« Air medical transport of patients |
| » Administration of medication, oxygen and
intravenous fluids as indicated and outlined in the
Clinical Protocol Manual.
« Provide accurate and comprehensive verbal and
written medical reports.

_ deal that would allow straw vendors from,
say for instance, Asia, come and take all
the business away from Bahamian straw
vendors? It won’t happen.”

During his speech, Mr Laing gave a brief
history of the lead up to the EPA, stress-
ing that it has been in the works for a
number of years and was not something
the FNM government arbitrarily decided
to force on the Bahamian people.

prising that people
would think he was |
pushing for. an}

THE minister of state for finance, arrangement that
Zhivargo Laing, advised insurance execu- would wipe out the }
tives at a CLICO (Bahamas) luncheon rights of the Bahami- |
that the status quo on insurance services _ ans.
will remain intact under the Economic “T am a Bahamian,
Partnership Agreement (EPA) with the and whenever I
European Union (EU). negotiate.on your



Requirements:

« Holder of current Bahamian Licence.

* Must have at least three years experience post

_ graduation in emergency or critical care Medicine





: ; Mr Laing, giving the keynote address behalf, I. have ‘ He also used the analogy that globali-
» have current BLS & ALS Certification at the luncheon held to honour top per- Bahamians’ interest autvevato ean sation is like family- it is'a part of you
| = Must be independent, responsible with. good formers at the company, said the at heart,” Mr Laing g : whether or not you like it - and that trade”

liberalization is like a friend - you can
choose it; and you can choose the terms
for how it works. .

Bahamas’ EPA services offer reflects what said.
“J am the son of a straw vendor, so do
you really think that I would negotiate a

“communication skills
* attractive Compensation Package

is currently allowed by law in this nation.
Therefore, he said it was always sur-

CV should be sent
via e-mail to
gigi.airambulance

@coralwave.com by - Lfe
June 30, 2008. Air Ambulance Services itd



You are Cordially Invited to.
The Bahamas Chamber of Commerce

MEET THE ‘MINISTER
FORUM

“promoting Trade, Expanding Commerce,
Building Better Communities”

Thursday, June 26th, 2008
-8:00am-1:00pm:
Sandals Royal Bahamian Spa Resort
“. & Offshore Island
me Balmoral Ballroom

Pledse RSM.P. by Monday, June 23rd, 2 2008

Contact Ms. Antoinette Butler Tel:322-2145
Email: events@thebahamaschamber.com

Dress: Business Attire
Valet Service Available

SEN. THE HON, CLAIRE
HEPBURN, MP a

: HON. SIDNEY

Sponsored by:

Hanh? 1 998) i awe F
BOR MOA NETL Ald





THE Bahamas has been
chosen to host the 2008 ERA
Real Estate ‘Beyond Excel-
lence’ Conference, announced
Peter Dupuch, president of
ERA Dupuch Real Estate;
yesterday.

Scheduled for July. 20-23 at’
Atlantis, the conference is
expected.to draw hundreds of
top-performing ERA associ-
ates from up to 35 countries
around the world.

“This is the first time the
Bahamas has ever been select-
ed to host this prestigious ‘con-
ference and we are very proud
that it will be held in Nassau;”

said Mr Dupuch, who founded .

Dupuch Realty in 1993 .and
joined the ERA Real Estate
network with some 40,000 bro-
kers worldwide and 3,000
offices in the US, Europe and
the Caribbean, eight years lat-
er. For the past three years,
ERA Dupuch has been the
regional leader in sales for the
Caribbean and Bahamas.

news. “We }

Frank <=?
Comito, i
executive |
director and |
vice-presi- |
dent of the §
Bahamas‘:
Hotel: Asso- |
ciation, wel-
comeéd ‘the |

ate always |
pleased to’
hear that the
Bahamas
has landed a major conference.
It gives us an opportunity to
showcase our extraordinary

Pain Dupuch

tourism experience and we -
look forward to welcoming

them,” he said.

“We’re very proud that not
only is the Bahamas hosting
this exclusive by-invitation-
only conference, but five of
our Own agents have been cho-
sen to attend,” said Mr
Dupuch. “The conference
pulls together top performing



Top real estate conference
to be hosted in Bahamas’

ERA Real Estate associates
from.around the globe for
training in new market trends,
financing, campaigns, luxury
marketing and open discus-
sions and. sharing of success-
ful sales methods and tech-
niques.”

Top performing ERA

-Dupuch Real Estate agents:

Peter Dupuch, Ken Chaplin,
Dave McCorquodale, Kyla
Ralston and Carla Sweeting
have been invited to the con-
ference. Invitees must have
sold at least 50 units in the pre-
vious year to be eligible.

Adapting to changing
trends, ERA Dupuch Real
Estate last year jumped on
Bahamians’ renewed interest
in buying land in Family
Islands, expanding its opera-
tions from headquarters in an
historic cottage on East Bay
Street to.naming additional
agents in Abaco, Spanish
Wells, Eleuthera and Exuma
and Long Island.



FROM page 1B.

tional financial centres’ non-
inclusion on the EU’s list of
countries with “equally tough”
anti-money laundering and
anti-terror financing regimes
came as no surprise given sim-
ilar previous initiatives.

While acknowledging that it
would have been. “nice” if the
Bahamas had made the EU’s
list, as transactions and clients
originating in this nation would
have faced less due diligence
requirements from the EU’s
members, Mr Paton:said the
latest development did not
change the “status quo”.

He added: “Generally

. Speaking, although it’s unfor-

tunate they [the EU] would
take a position like this, as it
goes contrary to our OECD
commitment to negotiate in
good faith, at the end of the

‘ day it doesn’t change anything.

“The amount of due. dili-
gence that Bahamian compa-

* nies and clients already face in

trying to open a bank account
in the UK, Europe, is already
very stiff today, so I can’t see
an impact.”

‘ Mr Paton described the EU
‘white list’, and the fact that
countries not on it are likely
to face heightened due dili-
gence requirements, as anoth-
er indication of the continuing
challenges the Bahamas and

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its financial ‘services industry
will face from developed
nations.

Arguing that the EU list’s
members were chosen for
political reasons, Mr Paton
added: “Our due diligence and
anti-money laundering regime
is a lot tougher than a lot of
countries on that ‘white list’.

It’s'a-perception. issue, it’s a’.

political issue. I’m not losing
sleep over it.

“It’s going to force us to

come up with a comprehensive
policy vision on how ‘we posi-
tion the Bahamas strategically
going: forward. The BFSB is
looking at this issue, the Gov-
ernment is certainly trying to
put together a strategic plan.
Certain consultancies are bid-
ding on it, and the BFSB is
liaising - with the ‘Ministry of
Finance.
‘.““What’s more important is
for‘us as a-centre to decide
how we position ourselves over
the next three years going for-
ward.”

Brian Moree, senior partner
at McKinney, Bancroft &

Hughes, told The Tribune that .

by seemingly making it more
difficult for the Bahamas and
other international financial
centres to do.business with EU
members, the so-called ‘white
list? was designed “to create
leverage for the EU as they
attempt to impose their will on
international financial centres
around the world”.

“sTHis whole initiative seems
to:be another manifestation of
the EU:and some of its organs
basically trying to impose their
will on ofher international
financial centres in a way
which is not consistent with
international developments,”
Mr Morteé said.

“It seems to me to be anoth-
er inifidtive which is primarily
an anti-competitive initiative.
You're dealing primarily with
issues of competition, not anti-
money laundering, KYC and
anti-terror financing.”

‘By creating these difficulties,
the EU. was hoping.to force
international centres to adopt
its recommendations in order
to...obtain membership.
Describing this as “a most
unfortunate and inappropriate
approach”, Mr Moree added:
“In my view, the more trans-
parent and reasonable
approach would be to accept

there needs to be.a level play-
ing field, to the extent that they
would wish to see a comimit-
ment to good faith negotiations

_ without the threat of keeping

someone on a list or keeping
someone off a list”.

While’ there was a concern
that the anti-competitive
nature of the EU ‘white list’

could cost:the Bahamas busi-:

ness.and clients, Mr Moree

- said it was not yet clear

whether:this would become the
reality. The Bahamas could
only judge its impact when the
EU and its members attempt-
ed to implement it on the
ground.

“There is a.real concern it
could make doing business

- more difficult for countries. not

on the list. Whether it proves a
significant threat to our busi-
ness in. the Bahamas remains

‘to be seen,” Mr Moree told

The Tribune.

“It’s early days, and we will
have to wait and see how sig-
nificant this development is. I
don’t know if it’s going to be a
major issue or not.”

He added that it was diffi-
cult to.detect the criteria the
EU had used to determine”
membership of its “White List’,
citing the inclusion of coun-
tries that had not enjoyed a
good anti-money laundering
reputation in the past.

If the EU was trying to
assess the quality of Know
Your Customer (KYC), anti-
money laundering and anti-ter-
ror financing initiatives, Mr
Moree said it was “difficult to
understand how it can be said
that the Bahamas is not among
the top jurisdictions in the
world.

“It is simply an objective fact
that by international standards
the Bahamas has some of the
most comprehensive and
robust anti-money laundering
laws and anti-terror financing.
Our KYC standards are
among the highest in the
world.”

To combat the EY initiative,
Mr Moree said the Bahamas

’ needed to be proactive in “get-

ting the message out to all rel-
evant constituencies” and
show, through empirical data
and analyses that it had ‘the
most stringent KYC, anti-mon-
ey laundering, anti-terror
financing and corporate gov-
ernance laws in the world.



GN-702



NOTICE

_|| Ministry of National Security |
| = Office.of
The Parliamentary Commissioner

- PUBLIC NOTICE



PAGE 2, MONDAY, JUNE 23, 2008

Office of the Parliamentary Commissioner
PUBLIC NOTICE

The Parliamentary Commissioner wishes to inform the general public that in accordance
with Regulation (8) and subject to paragraph (2) of the Parliamentary Elections (Symbols
and Time Off) Regulations, 2002,

1. Every employer shall permit each of his employees who is registered as a
voter to be absent from his work on polling day during the hours of the poll
for two hours in addition to the normal meal hour, for the purpose of
voting. :

2. The provisions of paragraph (1) of this regulation shall not apply to an
employee whose work on polling day commences at or after ten 0’ clock in
the morning or concludes at or before four o’ clock in the afternoon.

3. No employer shall make any deduction from the pay or other remuneration
of any employee or impose upon or extract from him any penalty by reason
of his absence from his work during the period specified in paragraph (1) of
this Regulation.

4. Any employer who contravenes any of the provisions of this regulation
shall be guilty of an offence and liable on summary conviction to a fine not
exceeding one-thousand dollars or to a term of imprisonment not exceeding
six months.

Parliamentary Commissioner



Office of the Parliamentary Comunissioner
PUBLIC NOTICE

PROHIBITION ON SALE OF INTOXICATION
LIQUOR DURING POLLING HOURS
JUNE 26TH, 2008, LOCAL GOVERNMENT ELECTIONS

In connection with the Local Govenment Elections to be held on the 26"
day of June, 2008, the Parliamentary Commissioner wishes to remind the
publice that under Section 99 of the Parliamentary Elections Act, 1992, all
licences issued under the provisions of the Liquor Licences Act shall be
suspended in All Districts where elections are being held during the hours

of the day in which the poll is being held.

Any person selling, exposing or offering for sale any intoxicating liquor
during such hours, in the above Districts, shall be deemed to be so doing
while not holding a licence under the provisions of the Liquor Licences

Act.

Parliamentary Commissioner



Office of the Parliamentary Commissioner

PUBLIC NOTICE

ALLOCATION OF SYMBOLS FOR
JUNE 26â„¢ LOCAL GOVERNMENT ELECTIONS

In accordance with Section 17 (6) of the Local Government Act, 1996, the

Parliamentary Commissioner has assigned the following symbols to Candidates i in
the Local Government Elections to be held June 26", 2008.

North Abaco Constitasicy Polling Division 2
Crown Haven, Fox Town and Mount Hope
In the Little Abaco Town Area
Of the North Abaco District

CANDIDATE’S NAME SYMBOL

CURRY © Daniel Nathaniel

MCDERMOTT Norwood
MCINTOSH Joycelyn

MCINTOSH Leanath
MCINTOSH Leslie

MILLS Earlyn Elvern

RD Ce Ex

North Abaco Constituency Polling Division 3
Wood Cay and Cedar Harbour
In the Little Abaco Town Area
Of the North Abaco District

NAMES OF CANDIDATES SYMBOLS

RUSSELL Pete Rozelle

SAUNDERS Yvonne ny

THE TRIBL JE

North Abaco Constituency Polling Division 4
In the Cooper’s Town, Town Area
Of the North Abaco District

tN

NAMES OF CANDIDATES SYMBOL

x

CORNISH Ejnar
-
Y =
CORNISH Kirk Daniel Te
COX ___Patrice S. =

_EDGECOMBE __Garneth

@'@



. EDGECOMBE Gersil _= =
MCINTOSH Freddie , 5



_ SANDS __—_—s—“s“sEulean M.

x ;
di

SMITH Gary Anthon

North Abaco Constituency Polling Division 5
Fire Road and Black Wood
In the Cooper’s Town, Town Area
Of the North Abaco District





NAMES OF CANDIDATES





SYMBOLS :
L - Eric Gordon : ~
CORNISH Clyde Hemish | . gS :
WILLIAMS John & | .

North Abaco Constituency Polling Division 6
. The Treasure Cay Town Area
*Of the North Abaco District

NAMES OF CANDIDATES







BURROWS Deangelis
COOPER- FARRINGTON Cheryl , <
x
/ \’ =
MCKINNEY Stephanie Louise lS
PEDICAN Stephen F. v5

ROLLE 5 "i Godfrey Ir ee =

Â¥

RUSSELL Raymond

SMITH . Roberto pe i

South Abaco Constituency Polling Division 4,5 & 6
Marsh Harbour
In the Marsh Harbour & Spring City Town Area
Of the Central Abaco District



NAMES oF CANDIDATES Sears
ALBURY Lowell Ho” bee:

ALBURY Margo Sharon ¥

ARCHER 0 Carh GO
MALONE ___s Mike W. | =

PINDER —s———C—CéK andy’ Kay Mh
SAUNDERS «Ruth Pr
SAWYER ___ Chad Wilson p>
_SAWYER Danny Ross et
STURRUP-ROBERTS Kimberly Dawn det

' Se ‘
S =
THOMPSON Roscoe W. JIT ie



x
oe





THE TRIBUNE
North Abaco Constituency Polling Division 9 & 10
Dundas Town
The Dundas Town, Town Area
Of the Central Abaco District
NAMES OF CANDIDATES

CORNISH George Wilson

CORNISH Maguerita "Maggie"

INGRAHAM Cecil
KNOWLES Glenda

KNOWLES Stephen

MA.IOR Wanda

MAYCOCK Vashti “"d'shan"



MCINTOSH Sidney

MILLS Cay Shenell

NEWBOLD Faron

THOMPSON Kirklyn Douglas

WILLIAMS Augustine "Stenie"

WILLLAMS - Edward’ "Jimmy"

WILLIAMS — Larry

North Abaco Constituency Polling Division 8 & 11
Murphy Town

SYMBOLS



The Murphy Town, Town Area

Of the Central Abaco District

NAMES OF CANDIDATES.

ANTONIO-DEAN Karen



—BOODLE Don

BOODLE Rockling
CURRY “iv *:" Renardo
es Renardo
DAVIS Adriel Gilbert
ee eebert
DAVIS Cubell



——Lubell

DAWKINS Eugene Dudley
LOCKHART Sonith

——somath

MCDONALD Glenn Roy
eld A

SWAIN Bradley

+
SWAIN Paul Timothy _

_Tinker Jexell
—___Jexell

WINDER Justina

————Yustina

SYMBOLS



















South Abaco Constituency Polling Division 2
Man-O-War Cay Town Area
of the Hope Town District

NAMES OF CANDIDATES

ALBURY ; Andy Lee

ALBURY Grant Nicholas
a rnriarh oD





MCDONALD Haziel Wallace
SWEETING Jeremy Terris



SWEETING Philip Walter

WEATHERFORD Ray Christopher

SYMBOLS



___

South Abaco Constituency Polling Division 3

Hope Town, Town Area
of the Hope Town District

NAMES OF CANDIDATES
BETHEL Diane Elizabeth

CASH Austin Roy

MALONE Harold L.

__ MALONE Mark Stephen
_RUSSELL Lana Juanita
THOMPSON Roscoe Jr.

SYMBOLS





aa

MONDAY, JUNE 23, 2008,

South Abaco Constituency Polling Division 9
Casuarina Point and Bahama Palm Shores
The Cherokee Sound Town Area

Of the South Abaco District

NAMES OF CANDIDATES





ALBURY ; Reginald F.
ALBURY Sandra M.
HUDSON John Hamilton



)
{

MBOLS

&



@

Soa

2

South Abaco Constituency Polling Division 11
The Sandy Point Town Area
Of the South Abaco District

NAMES OF CANDIDATES















FOX : Ronn Edward
. LIGHTBOURNE | Arthur

LIGHTBOURNE Valeria Barbara

MCKINNEY Julia Carmen
MCKINNEY _ Robert J.
PINDER Donald R. Jr.
ROBERTS Deisha N.
ROBERTS Preston ome
HHITE Stanley Alfred



SYMBOLS



aM

(Wh

a





* ‘| © @

North Andros Constituency Polling Division 7

+

In the Mastic Point Town Area

Of the North Andros District

NAMES OF CANDIDATES
__GARDINER Harold

ROLLE Sheila M.

North Andros Constituency Polling
North Mastic Point

SYMBOLS

*

AGE 3

|
|



Â¥



Division 9

In the Mastic Point Town Area

Of the North Andros District

NAMES OF CANDIDATES







MUNNINGS Jamal Temeco
ROLLE Javon Navardo

- ROMER Anthony Ruebean
STORR James A. °

————sames Ae



NAMES OF CANDIDATES







FOWLER Jonathan Berkley
JOHNSON Tadra Jenny
NEWTON Jetlyn E.

OLIVER Willard Antonio



, SMITH James Edward

SYMBOLS







North Andros Constituency Polling Division 18
South Mastic Point
in the Mastic Point Town Area
Of the North Andros Dis

SYMBOLS







North Andros Constituency Polling Division 1

Lowe Sound
in the Lowe Sound Town Area
Of the North Andros District

NAMES GF CANDIDATES











EVANS Alton

EVANS Icealane Ganeya
RUSSELL _____—-Keith £.

RUSSELL McGreg _
RUSSELL . Nicolette Annalicia
STUBBS ___.._ Alfie _ 7
THOMPSON SS Rosevelt



SYMBOLS









ec ARC MEA OT DEAE LICE NAS LED AS EE OE I LT

Pe ROE ei SET

PIEPER Sr BRITE

0D TARE ATS I PREORDERS NP CR ETONN BIE IE TDI ITO SN NT IPE AA RESTS SE Di mA REPL:

TTS

awa.

Pee

A OSE UR CSe ATE ELEN

Sl te ee ee ee

Rewer anew awe

PAGE 4, MONDAY, JUNE 23, 2008

North Andros Constituency Polling Division:2

danda
Lowe Sound a P the Lowe Sound Town Area

Of the North Andros District

NAMES OF CANDIDATES











part of San Andros west of the Queen’s Highway

SYMBOLS





BARR 6 ROY IR § »
CLEARE Brian O'Neal at's
MOSS Sabrina >
SS
& =
OLIVER Geneva ae
ROLLE Preston ; ies
RUSSELL \ Loxwell @
North Andros Constituency Polling Division 3
Nicholl’s Town and Morgan’s Bluff
In the Nicholl’s Town, Town Area
Of the North Andros District
NAMES OF CANDIDATES SYMBOLS
EVANS Elcid Leroy soe he
SCOTT Daquin : a Lenn
WALLACE Timothy Seal
North Andros Constituency Polling Division 4
Nicholl’s Town and the part of San Andros east of Queen’s Highway
In the Nicholl’s Town, Town Area
Of the North Andros District
NAMES OF CANDIDATES SYMBOLS
ranville meee
‘EVANS ____ Bernard
spon TE



’

_ RUSSELL CC James





STORR : Bassiemae
| North Andros Constituency Polling Division 5
Conch Sound
In the Nicholl’s Town, Town Area
Of the North Andros District
NAMES OF CANDIDATES : SYMBOLS
>
NS —
MACKE igs Prine) i 2. __ al&
MILLER Ashwell Whitne uh

THE TRIBUNE

South Andros Constituency Polling Divisions 11 & 12
Autec, Andros Town, Fresh Creek, Calabash Bay,
Small Hope, Smail Hope Bay and Love Hill

In the Fresh Creek Town Area
Of the Central Andros District





































NAMES OF CANDIDATES SYMBOLS
*
ADDERLEY Dennis eee
AGARQ Colin 3 *
BODIE Seva Jane . Ab
DOUGLAS Peter
DUNCOMBE -MINNIS Theresa.
EMMANUEL Sandra 4
HANNA Rodney . 5 _
HINSEY _ Betty P. :
-HINSEY Christopher mt
MCQUEEN- STUBBS Donna x
. : =
XN —
PENN Cecil —~ als
STUBBS _ Mable BS
SWEETING Deon ao
_ THOMPSON Tavares T. at @
WRIGHT _Evelyn C,_





‘NAMES OF CANDIDATES

North Andros Constituency Polling Division 11

Stafford Creek
In the Staniard Creek Town Area
Of the Central Andros District

SYMBOLS



MURPHY Solomon aa
SHERMAN Wilfred. A.



South Andros Constituency Polling Division 1















Mars Bay pes
In the Deep Creek Town Area meu A ry Ske PRA AU 3
Cyan y & Of the South Andros District!‘ °\’: ae MN toa
NAMES OF CANDIDATES SYMBOLS
Bees sees ani
__BROWN Gloria & S
DUNCOMBE Pauline : &
MCINTOSH Louisette Rita 9
MOSS - | Wenzel

NIXON Anthony

NAMES OF CANDIDATES

South Andros Constituency Polling Division 3B

’Kemp’s Bay and Johnson’s Bay
In the Kemp’s Bay Town Area
Of the South Andros District





PRATT ni

South Andros Constituency Polling Division 9B
Cargill Creek and Man-O-War Sound

in the Behring Point & Cargill Creek Town Area

The Central Andros District

NAMES OF CANDIDATES

SYMBOLS



BAIN Joel se aa
BOWLEG Doreen g
; OH Dos
LEADON Terrance ae Bees
South Andros Constituency Polling Division 10
Bowen Sound Town Area
Of the Central Andros District
NAMES OF CANDIDATES SYMBOLS
())
ANDERSON Elan WW -
DARVILLE Kimberlyn a a
NESBITT Hayward mA









SYMBOLS
_JOHNSON-HEWITT Jacqueline UO
MILLER Charles *
PRATT Daniel : 4
RAHMING Joed _ 2
SMITH

Rosemary L.

een.

South Andros Constituency Polling Division 4

The Bluff Town Area

Of the South Andros District .

NAMES OF CANDIDATES













FERGUSON Gail . ‘
FERGUSON Tasha
LEWIS Royneil
MCKINNEY Jacquelyn
RAHMING Arnold E. _

_. ROLLE _Bernadtte
ROLLE Zebedee



SMITH-ROLLE Sophia Lithera

SYMBOLS







THE TRIBUNE

South Andros Constituency Polling Division 5A
High Rock and Duncombe Copice
In the Long Bay Cays Town Area
Of the South Andros District

°

-_NAMES OF CANDIDATES SYMBOLS

ROLLE Angela lakh ES SN
_STUART _ Nancie O.
South Andros Constituency Polling Division 5B
Long Bay Cays, Congo Town and Motion Town
In the Long Bay Cays Town Area
Of the South Andros District
NAMES OF CANDIDATES SYMBOLS ©

ADDERLEY : Aremina L.

Mary J.







FERGUSON: pak ihe ata

KNOWLES: koh 0) Derey es fp Bie

PRATT James... mere Tee

RAHMING __ Emily M. te i eb EE ENC

TAYLOR Kendal Cg NES GE ie

South Andros Constituency Polling Division 6
Drigg’s Hill
In the Long Bay Cays Town Area
Of the South Andros District.
NAMES OF CANDIDATES SYMBOLS
FELIZ. Diana ra
SB ESPNS ED HOG EY IMEN,

FORBES Shirley at

ai dn.) =
FORBES Vera Loleita L. met

Cat Island, Rum Cay & San Salvador Constituency Polling Division 1
Dumfries, Arthur’s Town and Zion Hill
In the Arthur’s Town, Town Area
Of the Cat Island District
NAMES OF CANDIDATES... SYMBOLS
DEAN Dwain Sr. A









ar oe
__RAHMING Melony Eliaine. APS eo
RUSSELL os ©

Cat Island, Rum Cay & San Salvador Constituency Polling Division 2
: Orange Creek
' In the Arthur’s Town. Town Area
Of the Cat Island District



NA





MES OF CANDIDATES SYMBOLS
CAMPBELL cuties : 4
feign Wittara Ivan - ,
PRATT Paul oi Sr. : > |

SMITH Jessie Viola | eS

Cat Island, Rum Cay & San Salvador Constituency Polling Division 3
Bennett’s Harbour, Stevenson, Industrious Hill, Gaitors,
The Bluff , Wilson Bay, Rokers & Thurston
In the Arthur's Town, Town Area
Of the Cat Island District







NAMES OF CANDIDATES SYMBOLS
SY SEES
—HEPBURN Emma Jene det
: SS
ROLLE ——____Derrick Eugene _ : 2 xe
—SIRACHAN, -Hancig ig
jue eit @
Cat Island, Rum Cay & San Salvador Constituency Polling Division 4
Cove, Tea Bay, Smith’s Bay & Knowles’
In the Bight Town Area
- Of-the-CatIsland District
NAMES OF CANDIDATES SYMBOLS
DORSETTE| Melissa Patricia ?



/



MUNDAY, JUINE Zo, cuyo, FHue ~~

Cat Island, Rum Cay & San Salvador Constituency Polling Division 5
New Bight
In the Bight Town Area
Of the Cat Island District

NAMES GF CANDIDATES SYMBOLS

KING Danson Gregory

KNOWLES Neca Cecelia

M

_RUSSELL Ezra Kelson

cee a y

SEYMOUR Valderine : =
cs Cat Island, Rum Cay & San Salvador Constituency Polling Division 6
Old Bight

In the Bight Town Area
Of the Cat Island District

NAMES OF CANDIDATES



|
-DANIELS “Alfred” _
HART Sheba Mae ; yi
WILSON Cedric Peter 5 > ied.

Cat Island, Rum Cay & San Salvador Constituency Polling Division 7
Bain Town, Port Howe and Zonicle Hill
In the Bight Town Area
Of the Cat Island District

NAMES OF CANDIDATES

BUTLER Kendal Joseph

HUNTER Ss Daiisymae pa

Cat Island, Rum Cay & San Salvador Constituency Polling Division 8
- McQueen’s and Devil Point











In the Bight Town Area
Of the Cat Island District
NAMES QF CANDIDATES SYMBOLS
SS
BURROWS _ Albert oe : eae
GILBERT _ ‘Nathaniel she
ie North Eleuthera Constituency Polling Division 12
The Gregory Town, Town Area
In the Central Eleuthera District
NAMES OF CANDIDATES SYMBOLS
-BASTIAN Loran Pedro at *
SELLE. Ricardo |
——_____Ricardo

CAMBRIDGE Kevin Keith
hee aa









DANIELS Joshua E.

i [Ve Se a
-FERNANDER _ Donald Audle . Q
GIBSON __ ‘Clarence Randolph i,
ee Larence Randoly 2
JOHNSON Jerome ienard Se

ER ae eT Sey
JOHNSON Michael E. aa
MINNIS; Larry Alphonso , | PD
s —_—_____Larry Alph : —
ROLLE Lonnie E. i
4 Aa
SS
SMITH : Gary Kindrick des :
North Eleuthera Constituency Polling Division 13
Alice Town & Hatchet Bay
The Hatchet Bay Town Area
In the Central Eleuthera District
NAMES OF CANDIDATES SYMBOLS
BAIN (SG vk OS Patrician! 74. Ah









DAVIS ‘Peter Lorenzo

FERNANDER _ Nickal Elizabeth f
PINDER Carol Donnalee 3
PINDER _ id Clarence Darren d
eae outa thlce SRS Al cane eich a .
PINDER __ _____Gershom Felix _ er a
-SCAVELLA, Kennedy | e
SCAVELLA Robert B. RH

ae Ge Ea ee, Tae et oeeranes sf mete Ek

SMITH Darrell. Oscar *s U)
eee TOLL Oscar



PAGE 6, MONDAY, JUNE 23, 2008

North Eleuthera Constituency Polling Division 14
The James Cistern & Rainbow Bay Town Area
In the Central Eleuthera District

NAMES OF CANDIDATES SYMBOLS

BETHEL Angelo Bruno

BETHEL Edmund Obrien Mh
BETHEL == Windsor Eleazar Sr. | ‘ ;
JOHNSON Isaac :
JOHNSON Timothy eb
ROLLE | Aretha _ - *
Lo
NBURGER Arthur Wade al& -
WHITE _ Edgar Velock iw
South Eleuthera Constituency Polling Divisions 11 & 12
* Palmetto Point Town Area
In the Central Eleuthera District
NAMES OF CANDIDATES SYMBOLS
BETHEL Ezra @
. 8
COOPER Addison M. ce
COOPER Elvis Frankl a :
_ COOPER Everette Kendal = 7
COOPER Inez Lagloria 7 m
Anthony "Tails" an t
DEAL George Benjamin __
i SON Hank Stephen Mi
ee as
ames e

_MINGO ____Delshire

:

‘MINGO ss George Frederick ae







SANDS Sammy Richard fet
STUART Livingston Paul "Winkie" me
<
. NS J
THOMPSON Francis Spencer are
South Eleuthera Constituency Polling Division 1
The Tarpum Bay Town Area
Of the South Eleuthera District
NAMES OF CANDIDATES SYMBOLS
ALLEN Henry T. ; = tC
ARMBRISTER Laverne Alicia at , ,
CAREY Dennis on
CAREY. Lawrence ©
HENFIELD Marie Jennifer =
JOHNSON Milton A. | Mh
KNOWLES Cleveland H. ‘YY

KNOWLES Henry Glen he 3 :

KNOWLES William P. ety

NOTTAGE Brenville M. 7 <4
a

SANDS Sherry Ann 7 cE

South Eleuthera Constituency Polling Division 2 & 3
The Rock Sound Town Area
Of the South Eleuthera District
NAMES OF CANDIDATES SYMBOLS
CURRY Robyn Jillian 53



DORSETT Michael Anthony Sr. =



FERNANDER Ricardo D. 9

NAMES OF CANDIDATES

__ THE TRIBUNE

South Eleuthera Constituency Polling Division 2 & 3
The Rock Sound Town Area
Of the South Eleuthera District

NAMES OF CANDIDATES SYMBOLS

HILTON :

Wellington Roscoe _

HORTON Ronald Lloyd



KEMP Philip Francis

KEMP Portia Michelle f :

MAYNARD ___ Patrick Charles db

SANDS ____ Chandra Danette

SANDS Jerry Jerome _

Jan Krishna... . a





South Eleuthera Constituency Polling Division 4
The Green Castle Town Area
Of the South Eleuthera District
NAMES OF CANDIDATES ; SYMBOLS

BUTLER i Larrie Teresa

LIGHTBOURNE Terre] Albert ent
RICHARDS Hilbert N.- <

RICHARDS-PETTY _ Lillian Elizabeth «



ROLLE Bertram Howard NO

SMITH — _Nora Che-Che



SWEETING Bernadette @

WRIGHT Donald

South Eleuthera Constituency Polling Division 5
Wemyss Bight, Millers and John Millars
The Wemyss Town Area
Of the South Eleuthera District

NAMES OF CANDIDATES SYMBOLS



tl oagtrnte

GIBSON Danielie C. EAs nue ilinst



MCKINNEY _ Adrean Maria
-RICHARDS Shenelle

_ROLLE-WILLIAMS Clara
SWEETING Ernest Arthur

_THOMPSON _ Clement Benedict O cs “

South Eleuthera Constituency Polling Division 6
Deep Creek -
In the Wemyss Bight Town Area
Of the South Eleuthera District

SYMBOLS

—ANDERSON _ Leviticus : Mi

MILLER Walter NW
PRATT Albert Whitfield

TAYLOR __ Nehemiah at

South Eleuthera Constituency Polling Division 7
Waterford
In the Wemyss Bight Town Area
Of the South Eleuthera District

NAMES OF CANDIDATES



SYMBOLS
JOLLY Jackson ai ;
WHYLLY Breon a h

South Eleuthera Constituency Polling Division 8
Bannerman Town
In the Wemyss Bight Town Area
Of the South Eleuthera District







“NAMES OF CANDIDATES SYMBOLS
BULLARD __ George Wellington § A __
|
MCPHEE Philip Anthony _
















© THE TRIBUNE
Exuma Constituency Polling Division 8
The Forest
In the East Exuma Town Area
Of the Exuma District
NAMES OF CANDIDATES SYMBOLS
CLARKE Frederick B. x
F E Kirkyood we
Exuma Constituency Polling Division 9
Jimmy Hill, Mount Thompson and Ramsey
In the East Exuma Town Area
Of the Exuma District
SYMBOLS
NAMES OF CANDIDATES SYMBOL
DES
CLARK Tedd oo
CLARKE Teddy rs
))
ROLLE Gary Yincent ==



ROLLE. sdLeroy Thomas

Exuma Constituency Polling Division 10
Hermitage, Tar Bay and Moss Town

In the East Exuma Town Area
Of the Exuma District

NAMES OF CANDIDATES . SYMBOLS

'__ DEVBAUX Virginia



HOLBERT Kingsley a
Exuma Constituency Polling Division 11 & 14
George Town, Jolly Hall and Bahama Sound
-In the East Exuma Town Area
Of the Exuma District
NAMES OF CANDIDATES SYMBOLS

BOWE Eurika Kishna

BROWN Kevin



CARROLL Kenneth R.
\ S
’ —
_FISHER Ernest AL ala.
MCPHEE George K. Nd
ROLLE @

Livingston P.

NS Exuma Constituency Polling Division 12
pte Rolle Town and Hartswell :
Tn the East Exuma Town Area

STE
4

Of the Exuma District
NAMES GF CANDIDATES SYMBOLS
DAMES Leonard a
CURLING Bradford R. __ ee



ROLLE Bernard G. _ Si

Exuma Constituency Polling Division 13
Forbes Hill, Williams Town and The Ferry
In the East Exuma Town Area
Of the Exuma District

NAMES OF CANDIDATES





Godfrey M. a
THOMPSON Keith Edward s ,
TURNQUEST Arvin Peter = b _
Exuma Constituency Polling Division 4
Barreterre and Arnetts Track
In the West Exuma Town Area
Of the Exuma District
+ . \
NAMES OF CANDIDATES SYMBOLS
MCKENZIE Wayne M. } ‘
MUNROE Fadora _ :
Exuma Constituency Polling Division 6
Rolleville
In the West Exuma Town Area
Of the Exuma District
NAMES OF CANDIDATES SYMBOLS
"MCKENZIE Marvin A. _@ ,*3 f = = ee
MCPHEE Treva O'Brian SS U

aes
|

ITS

MUNNINGS Gary _ arene
POITIER Willamae | a _ 4 _
ROLLE Godfrey C. Ww _
ROLLE Quenton =>

MONDAY, JUNE 23, 2008, PAGE 7

Exuma Constituency Polling Division 7 & 15
Farmer’s Hill, Cilbert Grant, Steventon, Roker’s Point,
Harts, Ocean Bight & Calvin Hill

In the West Exuma Town Area
Of the Exuma District















































NAMES OF CANDIDATES SYMBOLS
ARMBRISTER Floyd Q. cn
DAVIS Glenn L. bs et
<=
_—s ~ x =>
GIBSON Albert Henry al&
MUNROE Glenro 3
NIXON Zeima ee
ROLLE Magnola :
SMITH Cecil L. Be
THOMPSON Robin Lynden :
High Rock Constituency Polliag Division 1
The Sweeting’s Cay Tow Area
In the East Grand Bahama District
NAMES OF CANDIDATES SYMBOLS
BEVANS Wilson Howard wees:
FEASTER Cardinal we
FEASTER. Floyd Jefferson Pasha aie
MITCHELL Calvin U —
PYFROM James Doral nore
TATE Bradley Leo 4h
TATE Shervin Nelson a 7
‘THOMAS Wilton ——

NAMES OF CANDIDATES

High Rock Constituency Polling Division 2
High Rock
In the High Rock Town Area
Of the East Grand Bahama District

SYMBOLS















BAILLOU “Pedyson H.

KNOWLES Geleta E. gy
MATHER Magdalene cys
MCINTOSH _ Elvenia
ROBERTS _Carlton



High Rock Constituency Polling Division 6
McCleans Town and Pelican Point -
In the High Rock Town Area’
The East Grand Bahama District









NAMES OF CANDIDATES SYMBOLS
HIGGS. Patrice Diane Ma :
THOMAS Joseph >
_THOMAS Philip >
Be,
LAING! |)" "awrencé a

_ NAMES OF CANDIDATES

MCINTOSH __

High Rock Constituency Polling Division 4
Freetown, Bevans Town, Gambier Point and Gold Rock Creek
In the Freetown Town Area
Of the East Grand Bahama District

SYMBOLS

x



a
S
NS =>
elie



Tyrone
MUNNINGS _._Angela Beverly
ROBERTS _ Brice



Dh

West End and Bimini Constituency Polling Division 1
In the West End Town Area
Of the West Grand Bahama District

SYMBOLS







coe*

|

Phillip Gordon =





NAMES OF CANDIDATES
FRITH _—SCsdDeloris _ - _
JONES Franchelle E.
MOORE _ Quentin
SMITH
_SWANN Frederick
WILCHCOMBE Morton 6&r.

i





PAGE 8, MONDAY, JUNE 23, 2008

West End and Bimini Constituency Polling Division 2
In the West End Town Area
Of the West Grand Bahama District

NAMES OF CANDIDATES SYMBOLS
ADDERLEY Jerrisma Mettiebell Wa
GARVEY Michael Antonio :
GREENE Mark ; iat
HANNA. Constance ae z
em
f vA
HANNA Edna al&



MCKENZIE _ Donald Casey
ROBERTS Cardinal M. aici
ROLLE Jerreth R. a
West End and Bimini Constituency Polling Division 3
In the West End Town Area
Of the West Grand Bahama District
NAMES OF CANDIDATES SYMBOLS

ALBURY Jeffrey P. . ae
MCKENZIE _ Arvell Ronald 7
MCQUEEN _Marvin R ae
SMITH _Kingsley Jr. in ° ee
WILCHCOMBE _. Morton Jr. aD

West End and Bimini Constituency Polling Division 4
Holmes Rock
In the Eight Mile Rock West Town Area
Of the West Grand Bahama District











NAMES OF CANDIDATES SYMBOLS
ROLLE _——sHolmes Edward ©
TUART Ken
STUART Threason | Mh
| NE SO CAE LR
j WALKER ~ Lorenzo Jr. 3 ; Wa

West End and Bimini Constituency Polling Division 5
Martin Hill
In the Eight Mile Rock West Town Area
Of the West Grand Bahama District

NAMES OF CANDIDATES SYMBOLS
DEAN ; ____ Sophie P. : 3
STUART@MCINTOSH Joyann eats
MORRIS “Kevin Lavar ;
ROBINSON __ Gilbert _s. oe Bid

West End and Bimini Constituency Polling Division 6
Seagrape :
In the Eight Mile Rock West Town Area
Of the West Grand Bahama District

NAMES OF CANDIDATES SYMBOLS

DELANCY Derick
_FRANCIS _ Natasha Helena
_LAWRENCE Tyrone

RIGBY Christopher Jonathan oy eek

West End and Bimini Constituency Polling Division 7
Jones Town
In the Eight Mile Rock West Town Area
Of the West Grand Bahama District







NAMES OF CANDIDATES SYMBOLS
d
FORBES = Joanna_ mn : _
MOULTRIE Glenvino | SEE
QUITEN ____ Clifford a oe a
SCOTT Samuel Frederick | ¥



ROLLINS

THE TRIBUNE

Eight Mile Rock Constituency Polling Division 6
Hepburn Town
In the Eight Mile Rock East Town Area
Of the West Grand Bahama District

NAMES OF CANDIDATES SYMBOLS
CLARKE Kevin ee ©

CURRY Harold V. b

ROLLE Charles Sylvester



«
_Carnetta Nw

Eight Mile Rock Constituency Polling D'vision.7
Bartlett
In the Eight Mile Rock East Town Area
Of the West Grand Bahama District

NAMES OF CANDIDATES SYMBOLS

Sean R. «<
-ROBINSON





RUSSELL __ Lindy Harris Ramat
WILDGOOSE Oniel : : re er ania ik
. Eight Mile Rock Constituency Polling Division 10 & 11
Pinedale

In the Eight Mile Rock Town-Area
Of the West Grand Bahama District



NAMES OF CANDIDATES SYMBOLS
GAREY? i. Minéssa) De iuuk 8 3,7 | ae



FORBES « Cheryl Marg ueritte



HEPBURN Vandyke C.J. . Gi

LIGHTBOURNE _ Auttea Claudine

KEMP ____ Roscoe R.
VEGA 2 James Alexander

Eight Mile Rock Constituency Polling Division 12
Martin Town & Russell Town
In the Pinder’s Point Town Area
Of the West Grand Bahama District







NAMES OF CANDIDATES SYMBOLS
BARTLETT ns ws x
coast ONT “Perry P. e PAGINA a et

. RODGERS Yanick Shaka ee CH

Eight Mile Rock Constituency Polling Division 13B
Hunters Town & Mack Town
» Inthe Pinder’s Point Town Area
Of the West Grand Bahama District













NAMES OF CANDIDATES SYMBOLS
—BEVANS _ Wilfred Leon ¥
JOHNSON Bertiadette.. -- a O
LEW US ot ee Simon : Q
LEWIS vidiacat "Teddy" : 4 :
e RUSSELL ; Georgianna ee W

Eight Mile Rock Constituency Polling Division J
Lewis Yard
In the Pinder’s Point Town Area
Of the West Grand Bahama District



NAMES OF CANDIDATES SYMBOLS
FORBES a Wayne Alexander Ass

| RUSSELL Linda Marie ore. —
RUSSELL Maydone J ede

RUSSELL Ruth Naomi . rye

Long Island and Ragged Island Constituency Polling Division 6
Millers and McKanns
In the North End Town Area
Of the Long Island District

NAMES OF CANDIDATES SYMBOLS f

aeeie a BOS

.

BOWE - KNOWLES Tryphenia B

__MARCELLO _ Lyn Veronica





THE TRIBUNE

Long Island and Ragged Island Constituency Polling Division.7
Millerton to Bunches
In the North End Town Area
Of the Long Island District

NAMES OF CANDIDATES SYMBOLS
ADDERLEY Christopher Ubaid _
PELECANOS Carolyn Louise

PINDER David Darin Jr. Mi.

Long Island and Ragged Island Constituency Polling Division 8
Stella Maris Glintons, Burnt Ground & Seymours

| In the North End Town Area

Of the Long Island District

SYMBOLS —s_—s





NAMES OF CANDIDATES
_ ADDERLEY _ Exodus Maxwell _&
BURROWS Eddington Alexander : , ,
(<>
DIXON Allen Richard = =
| met
SMITH Alvin Seow
<<
_SMITH Shervin Alvin the
} TAYLOR Wellington
Long Island and Ragged Island Constituency Polling Division 1
Morrisville te Gordon’s
In the South End Town Area
Of the Long Island District
NAMES OF CANDIDATES SYMBOLS
CARROLL Sandy Marietta x 7
CARTWRIGHT Maria - e
. aa . : ARDY
DEAN Daniel

Long Island and Ragged Island Constituency Polling Division 2
Clarence Town

In the South End Town Area

Of the Long Island District ' “' *

:
g
thity
4

ORS er:

NAMES OF CANDIDATES ..» SYMBOLS»
BAIN Vernice Annette
BOWE Delores Cecilia





= ¢ —_——.

Long Island and Ragged Island Constituency Polling Division 10
' Deadman’s Cay, Billy Bowe & Buckleys
In the South End Town Area
Of the Long Island District

NAMES OF CANDIDATES

SYMBOLS
CARTWRIGHT Thalburgh Coolidge ) A A

KNOWLES Ian Vaughn







KNOWLES Jude Augustine eee:
TURNQUEST Charles Hilton bb
Long Island and Ragged Island Constituency Polling Division 3
Cartwrights, Mckenzie, Mangrove Bush, Petty’s, Hamilton’s,
Benzie Hill, Scrub Hill and Turnbull
In the South End Town Area
Of the Long Island District

NAMES OF CANDIDATES - = SYMBOLS

CARTWRIGHT Cornelius Sean Mh

CARTWRIGHT Mathias Leonard >»

KNOWLES Bertis Bernard . .

Long Island and Ragged Island Constituency Polling Division 4
The Bight to Lower Deadman’s Cay
In the South End Town Area
Of the Long Island District

NAMES OF CANDIDATES

ADDERLEY ______—sBernard Augustus
—ADDERLEY _ Vandyke McDonald

Oe ee VON L

RITCHIE _ R

adcliffe Llewellyn



MONDAY, JUNE 23, 2008, PAGE 9

MICAL Constituency Polling Division 4
Lovely Bay, Chester’s, Pine Field and Anderson
The Acklins District

NAMES OF CANDIDATES SYMBOLS







COLLIE Derek a
COX Roston Philip _ __ UN - _
i .
GYD
JOHNSON 7 Isaac a



Clarence Oneil
Garron Orville =

WILLIAMS



WILLIAMSON

MICAL Constituency Polling Division 6
Pompey Bay, Spring Point, Delectable Bay,
Morant Bay & Binnacle Hill
In the Acklins District

NAMES OF CANDIDATES SYMBOLS

BULLARD











Terrence ———
CAMPBELL Marvin L. la
SN
XS =
FORBES Dianna al.
HANNA Kathy be io
ROLLE Copeland Franklyn fee



MICAL Constituency Polling Division 7
Salina Point
The Acklins District

NAMES OF CANDIDATES



SYMBOLS
FORBES Rufus Nathinel : 9
ROSE Steven Jr.



STYLES

Kevin Christopher | i a

North Andros Constituency Polling Division 8
The Berry Island District

NAMES OF CANDIDATES













SYMBOLS
-BARR_“g__ Norma Morrene 27. *
a es
_BUTLER Henry Lee @
ee at eens
CAREY Valentino

‘ _ oS
&



DEAN_______David Augustus





FRANCIS James "Tommy" _ .
ROLLE . Cardinal N. Mh
ROLLE Elorn Joyful ep
WALLACE Kevin Arlington 3



Exuma Constituency Polling Division 1
Highbourne Cay, Rat Cay and Staniel Cay
The Black Point District

NAMES OF CANDIDATES SYMBOLS





Lydia Senier *

Solomon L.E. Sd

Exuma Constituency Polling Division 2
Black Point
The Black Point District

COOPER



ROBINSON



NAMES OF CANDIDATES

SYMBOLS

ADDERLEY.









Aithea Maria
BROWN Barry
KEMP Ezra
ROLLE Dudley Hiram _
ROLLE Esther



ROLLE Loan Alfred







’

PAGE 10, JUNE 23, 2008

Exuma Constituency Polling Division 3
Farmer’s Cay and Darby Island
The Black Point District









THE TRIBUNE

North Abaco Constituency Polling Division 7
The Green Turtle Cay District















































’ NAMES OF CANDIDATES SYMBOLS NAMES OF CANDIDATES SYMBOLS
BURROWS Aiden ay ADDERLEY-OUTTEN Donald Richard _ x
ROLLE Alfred Rudolph ~ _ BETHELL David Lionel av
- CURRY William Gregory GO
Eight Mile Rock Constituency
Polling Divisions 3, 4, 5,13A,14 & 15 re (UO)
In the City of Freeport District JOHNSON Floyd Whitfield ==.
NAMES OF CANDIDATES SYMBOLS LOWE GebreceLonnie
LOWE Leonard Augustus 2 ‘a
ADAMS -NEWBOLD Gwendol Diane >
-RECKLEY Kirk "Juice"
FARRINGTON Urise Mae Sd
ROBERTS ____ Philip Kenneth e i
GIBSON Frazette Isadora . >»
SAWYER Brian Joseph eg
ae
eS
High Rock Constituency Polling Divisions 3, 7, 8, 9A, 10, 11, 12, 13 & 14 SAWYER ee a
In the City of Freeport District
, SAWYER R "Roddie" 2
NAMES OF CANDIDATES SYMBOLS aa %
North Abaco Constituency Polling Division 1
ade : The Grand Cay District
CAMPBELL Clement St. Clair * ‘
pe NAMES OF CANDIDATES SYMBOLS
CROWTHER-GOW _ April V.Y. ‘Dp | a
| : : COOPER B. Sheila fa
THOMPSON Fritzroy Carl ee, Mi i
: ; COOPER Wendeil
Lucaya Constituency Polling Division 1, 2, 3, 4, 5, 6, 7A, 8, 9, 10, Es
‘ 11,12, 13,14, 15,16 & 17 - CURRY" go fe Roosevelt
In the City of Freeport District - x *
: HIELD Alli
NAMES OF CANDIDATES SYMBOLS ae yz
. _ JOHNSON Theresa =
FOX Damien i , ; ROLLE Alphonso : FRANKS Philip Kendal Al ROLLE Doralyn | ; ue
SANDS Derick Walton fads RUSSELL ‘ George aadmatt aff ae =:
ue |
SMITH Cornelius A. Jr. RUSSELL L. Kennedy
S Oa * .
WILLIAMS Cedric Joseph Te North Eleuthera Constituency Polling Division 1, 2 &3
2 The Harbour Island District
ot, ‘ NAMES OF CANDIDATES
Marco City Constituency Polling Division 1-14 ; SYMBOLS -
In the City of Freeport District :
NAMES OF CANDIDATES SYMBOLS
ALBURY Nora Patrica .
x BARRY ‘ Antoine S
BOWE | “Felix Roy ON a a
BARRY Patrick

CURTIS Donald L.































Ferguson. __———s Kevin Rupert _ pits
} Mh HIGGS Troy J.
NEWTON-RU ; Ce Ee ;
Mh JOHNSON Darrell J. Mh
ROLLE ————szDerrrex Anderson _ a ;
-JOHNSON J.D. Eardley ‘P
Pineridge Constituency Polling Division 1-13 ye
In the City of Freeport JOHNSON ‘Sherol Marie =a
; Se ee Te EE,
NAMES OF CANDIDATES SYMBOLS JOHNSON Sob yewatie fn
Sal PERCENTIE Chanella Schedrena Ee
ALBURY Melvina Albertha ; —49_ a
si =>
ae PERCENTIE Jackswell Charles Te
COLLIE _Hansel oa Se
«x ROBERTS Daschiel Albert | uS
MART INBOROUGH William Hayward Fe te
ae ht oh +
MORRIS Shirley Mae pt ‘tyke
VA MICAL Constituency Polling Divisions 11 & 12
SMITH Ashley James : 2! The Inagua District

MICAL Constituency Polling Division 2
Cabbage Hill, Fairfield and Church Grove
In the Crooked Island and Long Cay District



NAMES OF CANDIDATES SYMBOLS
CUNNINGHAM David A. ae.

FERGUSON Habakkuk nM
THOMPSON Timothy Avon et

NAMES OF CANDIDATES

SYMBOLS







CLARE Allan Clyde _
FAWKES Jennifer
FERGUSON _—s——(§ «5s Joicelin Vienna

~ INGRAHAM _ Colin Roderick
INGRAHAM



Richard Alexander





sy

TE TE eT a I TNA AEC Pa RA RT ern hr nacre

Le APART 2 EIT UIE Ba” ORE PIO LOSE ES TE TER



THE TRIBUNE
MICAL Constituency Polling Divisions 11 & 12
The Inagua District
JAMES OF CANDIDATES SYMBOLS
LLY Freeman M. Sr. Mw
MCINTOSH Muriel A. >
MORLEY Charles , ae! qj =
ROKER Helen:..Rosemar at
ROKER Ronald Lee x
>
1 Xx =
E Clayvone Lloyd af
EYMOUR Randol Sr.

NAMES OF CANDIDATES

TURNQUEST _Leon A.

'® hes

South Andros Constituency Polling Division 7 & 8

Lisbon Creek, Victoria Point, Blue Hole, Orange Hill, Grants, Peats,

BAIN Henry Churten
BOWLEG Andy Anthony

BOWLEG Sidney

Dorsette, Swains, Pinders, Burnt Rock & Little Harbour
In the Mangrove Cay District

SYMBOLS

BULLARD = Garnett =.

‘

SAUNDERS —sLynward



Bullard Wayne Harris :

GRAY -BRAYNEN

GREEN George a

GREENE

—_
JOLLY Jeffre

KING Patrick _

KING

MCKENZIE

MOXEY

MOXEY Ralph r"

PENNERMAN

_SAUNDERS _

-STUBBS _._+___=—-Dwayne Wilfred

STUBBS

Donald A.



Lenora Jane

Glen

Rochelle Danica : al



Rosemarie "Rose"



Brian Calton

David _



Vernice Laverne
MICAL Constituency Polling Division 9
Abraham’s Bay
In the Mayaguana District
NAMES OF CANDIDATES SYMBOLS
BROOKS Deborah
BROWN Cleveland

CHARLTON Audrey Laverne

JOSEPH Leroy
MOSS Shandika Shanelle

NAMES OF CANDIDATES

Earnel Alexander

TON

EDWARDS

WILLIAMSON Huel A.

MICAL Constituency Polling Division 10A
Pirates Well
In the Mayaguana District

\ 1B cy @ei*

SYMBOLS

ip

Eduardo

a
a met

ee
-_—_—_——

NAMES OF CANDIDATES

NAMES GF CANDIDATES

HUDSON



JOSEPH

ivingston Lero

MCDONALD __—ss§ «arom Re

NEILY }

NAMES OF CANDIDATES

BULLARD __-_—Wendell Mark)

JOHNSON
JOHNSON Dominic Troy : ;



MCDONALD __ Mekal David
- A
WOODSIDE Bettyann .
con IS) 3 dae a i ————
.Cat Island, Rum Cay & San Salvador Constituency
Polling Division 9
The Rum Cay District
NAMES OF CANDIDATES SYMBOLS
BAIN _Treve oO
- CASH ; Jerome ‘
DORSETTE Errol b.
FRANKS

NAMES OF CANDIDATES

MONDAY, JUNE 23, 2008, PAGE 11

South Abaco Constituency Polling Division 12
The Bight and Hard Bargin ‘
The Moore’s Island District

SYMBOLS

‘Sy

North Eleuthera Constituency Polling Division 9
, The Bluff
In the North Eleuthera District

SYMBOLS

*

Rosetta Elizabeth —.

Â¥

_o&

Hodnee

. O

Daron R. >

@

Anthony Maxwell

North Eleuthera Constituency Polling Division 10
" Lower Bogue
The North Eleuthera District

-SYMBOLS



Desmond Charles

Rochelle Loretta

JOHNSON-HARDING _Synovia

_KNOWLES irkland
STRACHAN _ Jefferson
STRACHAN Shirley E. :

Cat Island, Rum Cay & San Salvador Constituency
Polling Division 11
United Estates to Polly Hill
In the San Salvador District

HALL Eric Alexander aS
MAJOR : _ Ishmael Terrance ;
STORR an Patterson f
STORR che Rennard David 7 &

SYMBOLS



DAME _____Jlomny___

KNOWLES _—— i Cédattricia Rebecca Y
LAING _ di llian a _ o®
STUART pe Cecil ee : UO

STUART ____—sRdward

STUART _—-_‘ Sherman D. Mi
WILLIAMS Anthony: &









x it Ve ip |D



ny le De ot]
Cat Island, Rum Cay & San Salvador Constituency North Eleuthera Constituency

Polling Division 10 Polling Divisions 4, 5 & 6

Cockburn to Hall’s Landing The Spanish Wells District
In the San Salvador District

NAMES OF CANDIDATES . SYMBOLS
NAMES OF CANDIDATE : ia aaa a a = Fey

ALBURY Dean
FERGUSON __ Kate Gelera Maria

ALBURY ss «© Windfield ©
FERNANDER _ Clifford E.

BETHEL |

William Lonnie

James Audley

PINDER Abner
Marlon Whitney

PINDER George Gilbert "Gill"
_POITIER Alton E.

PINDER __._ Harold Roy_
POITIER- JONES Nicola Brenelle
Ato sNNicola Brenelle

PINDER Jack Sidney
RUSSELL Helen

PINDER a Teresa Lynn
STORR Peterson

ROBERTS. __ Robert John

—_________»rendalee psusa

STRACHAN Brendalee Susan

. SANDS.____—_—_—sShawn Chester

WALKER Chelera Annyse

SWEETING Clay Glenford
WARD vt David William

—______eVied Witilan

SWEETING _ Shenandoah David

UNDERWOOD .. Kaven Marcel



ssosteninesisage,

Ae





Full Text


Volume: 104 No.176




CLOUDS AND
oe SUNSHINE

fm lovin’ it.

\ |
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80F |

fr cent

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n Lhe Tribune



USA TODAY

BAHAMAS EDITION













50-year-old has
his throat slit

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

MINUTES after he had given .

her his customary goodnight kiss,
a mother was awakened by the
sound of her son being murdered
in his bedroom in the early hours
of Saturday morning.

By the time she got to him,

Burnease Robertson’s 50-year-
‘= old son Charles, who lived in a

room next to hers in her Market
Street residence, had his throat
slit by an assailant who she
believes had been waiting for him

when he returned from work that:

night.

He.was discovered in a kneel-
ing position by the side of his bed,
with his head resting on his
crossed hands on the blood-
soaked mattress.

A 22-year-old Carmichael
Road man — the son of a woman
with whom Charles had been in a
relationship — is assisting police
with their investigations into the
matter.

At her home on the corner of
Market Street and Bahama
Avenue, 82-year-old Mrs Robert-

son-said that she believes her son!

’ was murdered for his pay cheque
' by someone who knew him and,
his routine.

He had returned from his job

as a chef “out West” at the usual

time — between midnight and
lam — but happened to have not
cashed his cheque as usual.

“Normally he’ll knock on the |

door, I’ll open the door and he’Il

come in. He’ll kiss me and he’ll:
walk in the back, put up his brief-’,
case, change his clothes and come '
back in here,” said Mrs Robert- :

son.
“This particular night...I had
already been in his room to cut on







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call today at 393-6900 or visit wovedestinition cian

Charles Robertson

his light. When h@went in, I went
in my room and I lay down. Little
while, I hear something like a lit-
tle tumbling up, I raise up my
head, I come right out to my
room door and I listen. Jaint hear ,
nothin’. I went right back to my
bed and I lay my head back
down. I still hear like a tumbling
up, so I say Charles must’ve buck
up to the ironing board and fall
down. So I come out, I grab the
hammer off my bed, hold it in my
right hand, and came out here.
But I didn’t go straight in. If I'd
have gone straight in I wouldn’t
be here to talk to you today,” she
said.

His mother believes that her
calls to her son from outside the
bedroom door provided a signal
for his killer to flee through a win-

_SEE page 12


















Ua BODY of Charles MEARS is removed from his home

Turnquest to investigate ‘thousands
owed! to reserve police officers

i By MEGAN REYNOLDS
Tribune Staff Reporter

HUNDREDS of reserve police:

officers owed thousands of dol-
lars in pay have won the support
of Minister of National Security
Tommy Turnquest who has
vowed to investigate ne matter
further.

The reserve force of over 800
officers claim they are still owed
payment for over three months

_ work, and Mr Turnquest believes

the issue could be one of two
problems. .
He said: “It may be that the

officers are working more hours
than they are authorised to do,

and that could be a problem. Or it -

may be that the divisional com-
mander is not getting the pay slips
to the pay office in time.”

Reserve officers believe there is
a hold-up in the administration
process whereby the reservist sub-

mits a timesheet recording hours’

worked that month, which must
be checked and signed by a super-
vising officer at Police Head-
quarters before it is sent to the
treasury.

SEE page 12





Felipé Major/Tribune Staff

ny Turnquest



4

‘No major cause for concern’ over EPA

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

LOCAL business minds have down played the
possibility that signing onto the Economic Part-
nership Agreement with Europe opens the doors
for the Bahamas to be subject to even greater
free trade demands than that agreement calls for
by putting the Bahamas into a compromising
position in its future trade negotiations with the

United States.

Hank Ferguson, a consultant with the Bahamas
Chamber of Commerce, said that while it is to be
expected that the United States will use the terms



struck between the Caribbean and Europe “as a
baseline” when it negotiates the future of its trade
arrangements with the Caribbean there is no
major cause for concern.

the region.”

“There’s not a lot that America wants from
the Caribbean that it isn’t currently getting. We’re
all very dependent on direct investment from

' them’ so they’ve pretty.much gotten what they
wanted bilaterally from most of the countries in

He suggested that even if the Bahamas’ biggest

trading partner wins greater benefits in terms of

pepper jack cheese,

freedom of access for its goods and services going
into Caribbean countries than exists in the EPA

SEE page 13

WHHL
‘marine slams
WAC Re We

and commotore

- Zennerman Sherman



‘THE Defence Force and its

: commodore, Clifford Scavella,
: have come under fierce attack
: from a lieutenant who claims to
: be the first commissioned officer.
: to be fired from the force.

Former US marine Lieut

? Zennerman Sherman, 50, said
i the force is in sucha shambles
: that “it is like a powderkeg
i down there.”

And he blasted Commodore

Scavella as an officer with a
: colonial mindset who had fired

SEE page 12

Man stabbed

by a gang of

masked men

: ll By MEGAN REYNOLDS

Tribune Staff Reporter _
‘A GANG of masked men

stabbed a Haitian man sever-
: al times in the back when he
; refused to give them cash.

The 30-year-old Haitian

: was walking on St Vincent
: Road, off Blue Hill Road in
? Nassau,
: approached by three masked
? men who demanded money.
: When he refused, one of the
: masked men pulled out a
: knife and stabbed the Haitian
; man several times in the back.

when he was

They left him bleeding after

: the violent stabbing and ran
: off without stealing anything
: from the man. He was rushed
: to Princess.Margaret Hospi-
: tal by ambulance where he is
: in stable condition.

Police are appealing for wit-

nesses to the stabbing which
: took place at around 7.30pm
i on Saturday.

Anyone with any informa-

tion should call the police at
919"

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Free “with any purchase, only at Oakes Field


PAGE 2, MONDAY, JUNE 23, 2008

THE TRIBUNE



THE Royal Thai Embassy, Ottawa, in collabora-
tion with the Thai Trade Centre, Miami, and Atlantis,
Paradise Island, will stage a Thai Festival in Nassau
this week,

Activities at the Festival to be held at Atlantis include

displays of Thai arts and crafts such as intricate fruit ©

carving and the weaving of flower garlands, as well as
‘traditional dance performances.

The Chop Stix restaurant at Atlantis will be offering
a Thai dinner menu from June 24 to 29, where they will
introduce Bahamian edible plants and flowers to their
dishes. The Chop Stix also will give demonstrations
on the new cooking methods. Restaurant patrons will
enjoy performances of Thai dancers and a display of tra-
ditional Northern Thai style umbrella painting. The












MARIO LER






Degrees hang

Still engas








Newborns have your smile and demeanor
Role-plays of Uncle Mario are the norm of our day:
: Siblings atill pine anytime, anywhere, even today
And parent's love for our departed son strengthen with each te

You missed your wedding and the birth of your child
on walls - reflection of vehi time
There is no stench from your shoes and unkempt room
Memories of your warm embrace are missed in our homes
A generation is simply gone much too soon

We count our bicasings and give thanks to God

¢ in altruism that you use to warm your heart

But even in the midst of the beauty and joys of our life
We can't explain how much WE MI68 YOU!

2 WELOVEYOUS |
Love, Daddy, Mommy, Yasmine, Ashton, Mario, Luke, Leslie, Monty,

Leslia, Jaydian, Mikhail, Grand Bahama Mama, uncles, aunts,
your brotherinlaw, Andrew, and faithful frien

LOCAL NEWS

The Bahamas to host a Thai Festival |

" art of intricate fruit carving and flower garland weaving

also will be displayed during the week. i
On June 27, Atlantis will hold a luncheon in collab- :
oration with the Royal Thai Embassy for underprivi- :

from Thailand. Traditional Thai games also will be :
introduced to the children. The festival ends with a :
Thai dinner and cultural event that will be co-hosted by }
the Royal Thai Embassy and Atlantis. All benefits will :
be donated to Princess Margaret Hospital Foundation. :

Questions and further information can be addressed _
to Mrs. Michelle White at telephone 325-3581, 328- :
5134, 457-2399, or e-mail thaifestivalweek@hotmail.com. ‘





































January 20th, 1974 - June 22nd, 2002

till see you in the darkness
And in the merriment of the daylight
Slightest provocations remind us of you
Bringing bouts of sadness or welcomes gaicty too










Bahamian plans to
tr Dring Sir Lynden’s
story to big screen

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

A BAHAMIAN filmmaker living

in the United States wants to take the
story of “father of the nation” Sir
Lynden Pindling to the big screen.
- Calvin Harris, a former national
champion in the 400 metre sprint who
left the Bahamas 18 years ago for the
United States, is in town with an
American production crew to inter-
view figures who were close to Sir
Lynden for a documentary he is mak-
ing.

‘While not revealing the full extent
of the theory, Mr Harris said he will
ask in the movie whether Sir Lynden
was a victim of what he called a “Wag
the Dog” theory, having undue atten-
tion shone upon him to divert focus
away from “another thing that was going on in his-
tory at the time.”

Mr Harris added: “If everything is correct I think
we have a great opening for the film.”

However, he said that while the piece will show Sir
Lynden in an overall positive light, it will not shy
away from touching upon the controversy that sur-
rounded the Bahamas’ first black leader.

“We're trying not to dwell on that but it does
add flavour,” said Mr Harris.

To be entitled “On the Wings of Men” the docu-
mentary, set to be completed by the end of this year
is intended as a prelude to a movie, the film-maker

' hopes.

A movie script, based on five years of research on
the 25-year-long leader, is already in the works.

Since arriving in Nassau last week, his team has
interviewed Myles Munroe, Bishop Neil Ellis, Lof-
tus Roker and Charles Carter and today he hopes to
get some time with former prime minister and Pin-



olf Lynden Findling

c _ | dling associate Perry Christie, as well
as MP for West End and Bimini Obie
Wilchcombe.

By Tuesday, he also hopes to have
won some time with Sir Lynden’s wid-
ow, Dame Marguerite Pindling, with
whom he would like to probe a slight-
ly different angle of Sir Lynden’s lega-
cy.
“T mean really we’d like for her to
talk about the love story part, you
know, how did you meet, how did
you end up getting married,” he said.

The film-maker says he also wants
to know how Sir Lynden dealt with
the “challenges” that he faced dur-
ing his premiership, including the
Commission of Inquiry.

“How was he during those times
emotionally, how did he handle it-as a
leader?”

He feels the subject matter has the
right elements to make it a success and will be pitch-
ing it to American TV networks. é

“There are some really small projects that get on
air because they are unique. I think we have that
kind of uniqueness here. I think the subject is some-
thing that will interest people in that. kind of cate-
gory.”

He added: “What I’m learning today is that some-
times we think we know (Pindling). What I’ve been
learning over the last few days is that there’s some
things I didn’t know. Even after the four years of.
research and writing a script.”

Mr Harris also sees the forthcoming film as hold-.

‘ing educational value for young Bahamians.

“Hopefully come back to the Bahamas and screen
it, see what the Bahamians think about it,” he said.
“T would like this piece to serve as a piece that a
lot of the youth of the country can take 90 minutes

- of their time and watch it and say ‘wow, I learned

something’,” he added.





















and foreign investors in

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

GOVERNMENT hopes to
encourage, interest in joint busi-
ness ventures with Bahamians by

‘ European and Caribbean

investors through the Economic
Partnership Agreement with the
European Union.

According to Minister of state

for Finance Zhivargo Laing, the

“most significant change” that
will be made to the National
Investment Policy of the
Bahamas in light of the Econom-
ic Partnership Agreement with
the European Union.will be the
opening up of some industries to

. foreign participation only if the

outside investor agrees to join
hands with a Bahamian.

“One of the things that we
have always said in our invest-
ment policy is this — interna-
tional investors are encouraged
to join with Bahamians, but it’s
always at the discretion of
investors. What you will see is an



























effort where we are looking to
encourage Bahamian participa-

_ tion,” said Mr.Laing during a

press briefing on the EPA at the
Ministry of Finance.

It is not yet known which sec-
tors will be opened up to further
foreign access than they current-
ly experience on this basis.

The government has yet to
release the full offer being made
to the European Union by the
Bahamas in terms of the liberali-
sation of its service industries.

Mr Laing said that he does not
want to release the list of services
being liberalised more than they
are at present while the negotia-
tions with industry representa-
tives on the extent to which they
will open up to EU and
Caribbean competition is still
“dynamic.”

e4
Services _

: But he did suggest that by the
end of June — less than a month
before the EPA is scheduled to
be signed in Barbados — a list
should be made publicly avail-
able. “It’s 95 per cent complete,”
he said of the services offer to be
madetothe EU. .

What has already been deter-
mined is that the Bahamas is
required to open up further to
foreign competition at least 75
per cent of its service industries.

‘However, according to Mr
Laing, all of the areas currently
reserved for Bahamians under the
National Investment Policy will

remain reserved solely for |

Bahamians even after the deal is
signed.
These include: Wholesale and

Hopes of joint ventures with Bahamians
ight of EPA

retail operations, commission
agencies engaged in the import/
export trade, real estate and
domestic’ property management
agencies, domestic newspapers
and magazine publications,
domestic advertising and public
relations firms, nightclubs and
restaurants, except specialty,
gourmet and ethnic restaurants
and.restaurants operating in.a
hotel, resort complex or tourist
attraction; security services,
domestic distribution of building
supplies, construction companies,
except for special structures for
which international expertise is
required, personal cosmetic/beau-
ty establishments, shallow-water
scale-fish, crustacea, molluscs and
sponge-fishing operations, auto
and appliance service operations
and public transportation.

The EPA is a trade agreement
proposed to be signed by African,
Caribbean and Pacific countries
with the European Union. It

‘ affects the trade in goods and ser-

vices.

Negotiations began after it was
determined by the World Trade
Organisation that the old trade
arrangement between EU and
ACP countries was unfair to oth-
er countries who were members
of the WTO, as it gave ACP
countries beneficial access to the
European market that they did
not have to give Europe in return.

Government is set to hold a
series of around 12 public meet-
ings on the EPA across the
Bahamas in July to further inform
people about what it entails.

“We hope to get everyone to
understand, but I don't know if
everyone will agree,” Mr Laing
said on Friday. .
THE TRIBUNE

MONDAY, JUNE 23, 2008, PAGE 3





Trio in custody
over alleged
breach of
fisheries law

THREE male residents of
New Providence are presently
in custody at the Marsh Har-
bour Police Station ‘after they
were allegedly found in pos-
session of a prohibited fishing
apparatus, an air compressor.

At about 12.45pm on Fri-
day, a team of Fisheries Offi-
cers on Abaco were on
marine patrol off the eastern
coast of that island when they
came upon a fishing boat in
the area of Little Harbour.

Two divers were in the
water and one man was

onboard the vessel operating -

an air compressor for the two
divers.

As a result, the officers
arrested the three men — a
41-year-old resident of Valen-
cia-Drive, South Beach, a 35-
year-old of St Charles Vincent
Street, and a 33-year-old of
Fire Trail Road.

The fishing boat was
impounded and 744 pounds
of assorted scaled fish were
confiscated.

The men are expected to
face formal charges in the
Marsh Harbour Magistrate’s
Court on Wednesday.

$200,000
go-fast hoat
stolen at Abaco

POLICE in the Northern
Bahamas are seeking the
assistance of the public, par-
ticularly boaters and pilots in
the area, to look out for a go-
fast boat that was reported
stolen at Abaco on Saturday.

David Roland, 56, of Gua-
na Cay, Abaco, and River
Edge Drive, Miami, Florida;
went to the Marsh Harbour
Police Station and reported
that sometime between 8pm

Friday, and 6am Saturday, his. ;

green 27 ft Contender boat
with twin 250 horsepower
Yamaha outboard engines,
was stolen from the dock at
the rear of his residence. |

The vessel is valued at
$200,000. Anyone spotting
this boat is asked to contact
the duty officer at the Police
Dispatch Centre in Freeport
at 919 or 911.

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

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



INSIGHT
For the stories
behind the
news, read
Insight on
Mondays

re | NL (4
Fertilizer, Fungicide,
Pest Control

Ce eC TEL Cat
322-2157



‘This is a sign of

LOCAL NEWS

prison reform’

Minister hails
the renovated
female centre

lm MEGAN REYNOLDS

Tribune Staff Reporter |

batiyy iN:

THE sews -renovated Female
Correctional Centre at Fox Hill
Prison is a sign of prison reform in
action Minister of National Secu-
rity Tommy Turnquest said at the
rededication ceremony yesterday.

A $350,000 Government

investment in the facility aims to

provide women prisoners with the
right environment for rehabilita-
tion.

The building now has two air-
conditioned classrooms, a cos-
metology training laboratory as
well as two upgraded dormito-

_ Ties, a new kitchen, laundry room

and. correctional facility for
female juveniles.
Officers on-patrol have been

provided with an all-weather.

canopy outside the centre, where
the rededication ceremony was
attended by prison guards, offi-
cials and inmates who helped
rebuild the facility yesterday
afternoon.

In his speech Mr Turnquest
emphasised how the. revamped

female centre is a sign of better ~

things to come at Her Majesty’s
Prison in Nassau.

He stressed that prisons should
no longer be places to which crim-
inals are abolished, but places
where criminals are encouraged
to improve themselves for rein-
tegration in society.

Mr Turnquest said: “Each

‘inmate that walks out of Her

Majesty’s Prison returns to our
communities.

“If we honestly ask ourselves
what kind of person we want that
former inmate to be when he or
she is again our neighbour, then

986 00 8 8 8 8

{any size, any quality)
EL ce

Draping Fabric in Gold, Turquoise & Black °

Nate VA eet t-(3)
* Satin





MINISTER OF NATIONAL SECURITY Tommy Turnquest tours the new facili-
ties yesterday at her Males s Prison rededication ceremony of the female cor-
rectional centre.

we will fully grasp the importance
of prison reform.

“We will do so because of the
indisputable evidence that reha-
bilitation is best achieved through
prison systems that are well man-
aged, where facilities are suitable,
where staff development is a pri-
ority, where oppression is not the
order of the day, and where each
inmate is given the opportunity
to develop.his or her God given
talents and competence, so when
they leave this facility, they stand
the best chance of becoming
good, contributing citizens.”

He added: “The rededication
of this Female Correctional Cen-
tre is prison reform in action.

“It is part of the fundamental
rethinking about crime and pun-
ishment in the Bahamas, a new

‘philosophy about what our
approach to these matters oughi
tobe.”

Other reforms at Her Majesty’s
Prison in Fox Hill Road include
the installation of a state-of-the-
art composting toilet in every
prison cell at a cost of $250,000,
and the $1.3 million construction
of a new single officer’s living
quarters. A wall of remembrance
has been dedicated to officers
who served at the prison.

Prison officers will have

MINISTER OF NATIONAL SECURITY
Tommy Turnquest speaks to inmates
yesterday at her Majesty’s Prison
rededication ceremony of the female
correctional centre.

enhanced insurance benefits,
more opportunities for education
and training, and inmates have
been pro-actively involved in ini-
tiatives designed to dissuade
young people from a life of crime.

Mr Turnquest said: “We are
turning this institution around, to
ensure the men and women who
walk free from it will become pro-
ductive members of our societies.

“The change, however, goes
deeper.

“It is in our new philosophy,
and changes in policies, proce-
dures, practices, the prison-com-
munity partnership, in the
improvement of skills and knowl-
edge of our personnel, and in var-
ious academic, technical and
vocational programmes.”



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PAGE 4, MONDAY, JUNE 23, 2008

SPO Mania MOM aad

THE TRIBUNE





The Tribune Limited

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

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

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

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

Publisher/Editor 1919-1972
Contributing Editor 1972-199]

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

Publisher/Editor 1972-

Published Daily Monday to Saturday

Shirley Street, RO. Box N-3207, Nassau, Bahamas
Insurance Management Building., P.O. 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

Mr Bush, lead or leave

TWO years ago, President Bush declared
that America was “addicted to oil,” and, by
gosh, he was going to do something about it.
Well, now he has. Now we have the new Bush
energy plan: “Get more addicted to oil.”

Actually, it’s more sophisticated than that:
Get Saudi Arabia, our chief oil pusher, to up our
dosage for a little while and bring down the oil
price just enough so the renewable energy alter-
natives can’t totally take off. Then try to strong-
arm Congress into lifting the ban on drilling
offshore and in the Arctic National Wildlife
Refuge.

It’s as if our addict-in-chief is saying to us:
“C’mon guys, you know you want a little more
of the good stuff. One more hit, baby. Just one
more toke on the ole oil pipe. I promise, next
year, we'll all go straight. I’ll even put a wind
turbine on my presidential library. But for now,
give me one more pop from that drill, please,
baby. Just one more transfusion of that sweet
offshore crude.”

It is hard for me to find the words to express
what a massive, fraudulent, pathetic excuse for
an energy policy this is. But it gets better. The
president actually had the gall to set a deadline
for this drug deal:

“I know the Democratic leaders have
opposed some of these policies in the past,”
President Bush said.

“Now that their opposition has helped drive
gas prices to record levels, I ask them to recon-
sider their positions. If congressional leaders
leave for the Fourth of July recess without tak-
ing action, they will need to explain why $4-a-
gallon gasoline is not enough incentive for them
to act.”

This from a president who for six years resist-
ed any pressure on Detroit to seriously improve
mileage standards on its gas guzzlers; this from
a president who’s done nothing to encourage
conservation; this from a president who has so
neutered the Environmental Protection Agency
that the head of the EPA today seems to be in
a witness-protection programme.

I bet there aren’t 12 readers of this newspaper
who could tell you his name or identify him in a
police lineup.

But, most of all, this deadline is from a pres-
ident who hasn’t lifted a finger to broker passage
of legislation that has been stuck in Congress for
a year, which could actually impact America’s
energy profile right now — unlike offshore oil
that would take years to flow — and create
good tech jobs to boot.

That bill is HR 6049 — “The Renewable
Energy and Job Creation Act of 2008,” which

extends for another eight years the investment —

tax credit for installing solar energy and extends



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for one year the production tax credit for pro-
ducing wind power and for three years the cred-
its for geothermal, wave energy and other
renewables.

These critical tax credits for renewables are
set to expire at the end of this fiscal year and, if
they do, it will mean thousands of jobs lost and
billions of dollars of investments not made.
“Already clean energy projects in the U.S. are
being put on hold,” said Rhone Resch, president
of the Solar Energy Industries Association.

People forget, wind and solar power are here,
they work, they can go on your roof tomorrow.
What they need now is a big U.S. market where
lots of manufacturers have an incentive to install
solar panels and wind turbines — because the
more they do, the more these technologies
would move down the learning curve, become
cheaper and be able to compete directly with
coal, oil and nuclear, without subsidies.

That seems to be exactly what the Republican
Party is trying to block, since the Senate Repub-
licans — sorry to say, with the help of John
McCain — have now managed to defeat the
renewal of these tax credits six different times.

Of course, we’re going to need oil for years to
come. That being the case, I’d prefer — for
geopolitical reasons — that we get as much as
possible from domestic wells. But our future is
not in oil, and a real president wouldn’t be hec-
toring Congress about offshore drilling today.

He’d be telling the country a much larger truth: :

“Oil is poisoning our climate and our geopol-

--itics, and here is how we’re going to break our

addiction: We’re going to set a floor price of
$4.50 a gallon for gasoline and $100 a barrel
for oil. And that floor price is going to trigger
massive investments in renewable energy —
particularly wind, solar panels and solar thermal.
And we’re also going to’ go on a crash pro-
gramme to dramatically increase energy effi-
ciency, to drive conservation to a whole new
level and to.build more nuclear power. And I
want every Democrat and every Republican to

' join me in this endeavour.”

That’s what a real president aula do. He’d

- give us a big strategic plan to end our addiction
to oil and build a bipartisan coalition to deliver .

it.

He certainly wouldn’t be using his last days in
office to threaten congressional Democrats that
if they don’t approve offshore drilling by the

Fourth of July recess, they will be blamed for $4-

a-gallon gas. That is so lame. That is an energy
policy so unworthy of our Independence Day.

(This article was written by Thomas L. Fried-
man -
c. 2008 Ney York Times News Service ).



Speaking up

for country’s

enforcement
officers

EDITOR, The Tribune.

THE recent article (Police
Aggression in Nassau Village),
hit a nerve in me, who the hell
do these anti-social, hop on the
bandwagon any timers think
they are? Anytime the police
come into Nassau Village or
anywhere in The Bahamas they
looking for trouble?

Please, “yinna gat to be jok-
ing!” Many of us know about
the “village” and the likes,
young men on the blocks smok-
ing dope, and hissing off at how
they hate the police “dese

young punks (young police offi-

cer), we hate dem and we'll f---
dem up if dey come round me!”
and all the spitfire from hell.

I don’t always agree with
what some of these pastors get
to say, but I fully agree with
what Pastor Simeon Hall had
to say in reference to these ille-
gal immigrants thinking any
kindness extended to them is
their rights. A lot of these peo-

ple come from unstable coun- .

tries, who: have been proven to
be chaotic, riotous, criminally
minded, anarchical, some from
the beginning of the 18th cen-
tury. Many, of these anti-
Bahamians come from homo-

geneous nations, why are they .

so hateful and spiteful against

each other?

Where there is no fear of the
true God (Jehovah) and
through the Grace of Our Lord

Jesus Christ, allynations-will per- «:

ish, prove: it watch the news,
read the papers, everyday there

is gloom and doom in those |
’ nations that do not put God first

in their daily lives. For me to

‘be pretentious and hypocritical

like I am not a lover and pro-

Bahamas would be a sin on my .

head as far as I’m concerned.
If you would go to anywhere
Europe, USA, Asia, Africa, etc,
you’d find the likes of me.

The Lord has been good to
us and I pray he would continue
to look favourably on my
beloved Bahamaland, I am
humble, and know that only His
grace and mercy has sustain this
country through good times and
bad times. Maybe, our justice

system is whack, but can we

readily say for sure that “you’re
innocent till proven guilty” in
this country and not by a court
of public opinion? Or, educa-
tion is whack in this country,
but all is mandated free educa-

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LETTERS

letters@tribunemedia.net



tion of whatever ones choos-
ing? Our Health services maybe
slow and some cases equip-
ment’s outdated, not sufficient
manpower, but, my Lord, is it
not mostly free of charge? Even
to the illegal and naysayers?
One time ago, almost every
Bahamian household was proud
of, or excited to get a Police
Officer child in the family. My
Daddy was a police officer
“Speed Cop” until his untimely
demise. I don’t know how true
these stories are, but I was told

he was that kind of Cop who -

would pull you over and give
you a “talk” and never arrested
anyone. I understood he was a
well liked Cop. Nowadays, “we
sO mix-up, some a we don’
know where we come from,
ain’t gat no culture, no pride in
we self” my lord!

Like any establishment or ©

environment, you will have rot-
ten apples, we have a rotten
society of hoodlums, and scum-
bags, who need to be reigned
in, from the drug-peddlers, gun-
trotters, prostitutes, politicians,
corrupt police, defense, immi-
gration forces, lawyers, doctors,
illegals, anti-establishment, pas-
tors, educators, business per-
sons, bosses, government offi-
cials, and the likes, start from

the top, expose them and trust
me we’ll see a drastic decline in
mayhem in the country. Shame,
brings on remorse, guilt brings
out the truth, this can be the
only way to clean up Our
Beloved Country, and give cre-
dence to that wonderful slogan
“It’s Better in The Bahamas.”
Continue, you brave and
determined officers of the peace
(including all Enforcement Offi-
cers), don’t give up, many of us
folks are behind you, hopefully
I speak also for those who can’t
or don’t have time to write or
just too scared to speak up (that
is how we get here in the first
place) and have our support,
continue on. Keep all of those
infested areas “hot” don’t let
these wicked scumbags get the
best of this Beloved Country,
continue on my brothers and
sisters. We, should be proud to
boast that our detection rate for
crime is almost 80 per cent or

_ more. I am so honoured and

grateful to be of this country,
and I ask all those foreigners,
expats, residence, status, lovers
of The Bahamas, to offer up
prayers for the continuation of
peace and God protection of

_ this country. Thanks so kindly

for your attention to this letter,
and as always continue be the
Champion Crusader for justice
for all in these beautiful islands.

R PRATT
Nassau,
p, une, 2 2008.

TE SB rON ATO

Thank you Inspector Grant!

EDITOR, The Tribune.

ON May 28, 2008 a call for help was made to:the Bahamas

. Humane Society because a dog was howling loudly and was either

hurt or had fallen into the canal in the Highland Park area. Inspec-
tor Percy Grant said that he was on the way and within minutes he
arrived with a helper. They went through the bush to the canal.and
found a dog swimming in the water and frantically trying to climb
up the sides to save its own life. He was lifted out and as. soon as his
paws touched the ground he ran away. This area is nothing new to
Inspector Grant because he has rescued animals from these canals

before.

The Bahamas Humane Society does a great work and they have
dedicated doctors and Inspectors who care. I would like to thank
Inspector Grant for his quick response in rescuing someone’s pet
from death. Inspector Grant has such a friendly personality and is
always so gentle and kind to animals. He is always willing to assist
pet owners in any way he can and he always tries to help animals

and has their well-being at heart.

Thank you Inspector Grant!

E SWEETING
Nassau,
June 18, 2008

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THE TRIBUNE



CARICOM leaders hold fruitful
meetings with New York officials

B Bahamas
Information Services
BROOKLYN, New York

An expressed willingness by
Jet Blue Airways to increase
flights to the Caribbean and expo-
sure to potential private sector
engagements in the economies of
CARICOM countries were
among the benefits emanating
from the New York Conference
on the Caribbean, according to
Prime Minister and outgoing
chairman of CARICOM Hubert
Ingraham.

“All of us were encouraged by

the comments made by Jet Blue;
a substantial carrier to our region
‘ about their willingness to increase
flights to the region, regard being

had to the high cost of fuel nowa- -

days, the inclination of some to
cut back on service to the region
and the importance of tourism to
our economies,” Mr. Ingraham
told reporters during a press con-
ference at the New York Stock
Exchange.

Heads and representatives of
the Caribbean Community gath-
ered in two days of meetings with
public and private sector officials
in New York, where matters of
trade, investment, touristic and
infrastructural development were
among the key items discussed.

Heads and representatives met
with U.S. House Ways and Means
Committee chairman Congress-
man Charles Rangle who spear-
headed this year's conference and
New York Mayor Michael
Bloomberg and other govern-
ment officials before meeting at
Goldman Sachs with the New
York City Partnership and exec-
utives of a number of private sec-
tor corporations and groups.

The conference closed with a
lunch meeting with president of
the New York Stock Exchange
Larry Liebowitz: Mr. Ingraham
added, “TI believe it is fair to say

that we were exposed to infor-

mation and potential opportuni-
ties for the agricultural sector of
our economies, the touristic sec-
tor, infrastructural development
and financing in a way I think
made it very clear that there are
opportunities for more private
sector engagement from the Unit-

ed States in the economies of ’

Rosetta St.



CARICOM countries.”

The Prime Minister noted that
that follow-up will take place
between a number of countries
and the various entities repre-
sented at-the New York meet-
ings. This year's conference was
held against the backdrop of the
extension of the Caribbean Basin
Initiative (CBI), which was pre-
viously set to expire in Septem-
ber, noted Prime Minister of Bar-
bados David Thompson.

He added that CARICOM's
meeting at Goldman Sachs cov-
ered a range of issues relevant to
the way financial resources from
private entities can assist the
Community in its development
effort as a region and as individ-
ual countries. A recurrent theme
throughout the conference was
the correlation between a pros-
perous Caribbean and a prosper-
ous United States.

Jamaica's Commerce and
Investment Minister Karl Samuda
stressed the importance of see-
ing beyond the “sun, sand and
sea” the Caribbean has to offer to
the wealth of investment oppor-
tunities that can be explored in

> the region.

“The Caribbean offers a fan-
tastic opportunity for invest-
ment,” he said. “We have the
tourism sector that has to be dri-
ven by imports into that sector.
Investment in the tourism sector
is investment for the future. The
Caribbean offers the greatest
future for tourism and expansion
for tourism.”

To illustrate his point, Mr.
Samuda pointed to the high per-
centage of agricultural and infra-
structural imports needed to dri-
ve the tourism industry of CARI-
COM countries, proffering that
this makes for a “golden oppor-

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More photos on Pages 8 and 9



LOCAL NEWS



tunity” for the establishment of
factories in the Caribbean to pro-
duce these products.
Congressman Rangle, during
his breakfast meeting with Heads
and representatives in Harlem

underscored the-importance of °

the two days of meetings, indi-
cating that government officials
and private sector entities now
know the importance of the
Caribbean to the Hemisphere and
to the United States.

It was an outcome also
acknowledged by Mayor Michael
Bloomberg, who pointed out that
approximately 11 per cent of New
York City has a Caribbean con-
nection. Mayor Bloomberg also
indicated his intention to become

' amember of the Lyford Cay Club

in New Providence.

Prime Minister Ingraham
meantime foreshadowed future
meetings bringing together
CARICOM leaders and private
and public sector officials in the
United States. :

“T think it is fair to say that all
of us would have benefited from
what has transpired so far and we
look forward to next year in
another American city such an
event taking place, and thereafter
somewhere in our region,” he
said. During his visit to New
York, Mr. Ingraham visited for-
eign service staff at the Bahamas'
Consular office. The Prime Min-
ister arrived in Washington on
Sunday afternoon to attend the
opening ceremony of the annual
Caribbean Tourism Summit.

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MONDAY, JUNE 23, 2008, PAGE 5



Sharon Turner/BIS Photo

PICTURED from left are Prime Minister and incoming chairman CARICOM of Antigua and Barbuda Baldwin

Spencer, Prime Minister and outgoing chairman of CARICOM Hubert Ingraham, Prime Minister of Barbados
David Thompson and President of the New York Stock Exchange Larry Liebowitz at a press conference at the

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PAGE 6, MONDAY, JUNE 23, 2008

THE TRIBUNE



Fishing trip nearly ends in tragedy

-Quote
week-

Betty Taylor
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FREEPORT - A fishing trip
for four Grand Bahama men
almost ended in tragedy on Sat-
urday when one man almost
drowned after diving overboard
into 20ft of water off High
Rock, Grand Bahama.

According to police reports,

Man almost drowns after diving
overboard into 20 feet of water

the 20-year-old victim is
presently hospitalized in stable
condition at Rand Memorial
Hospital.

Chief Superintendent of
Police Basil Rahming said the
victim and three other male
companions left around 8am

aboard a 17ft Island Crusader to
South Riding Point on a fish-
ing trip.

Three of the men dove into
the water, leaving one man to
operate the boat. The man giv-
ing watch noticed that one of
the men had failed to resurface

after about two minutes and
alerted the other divers.

The victim, a 20-year-old res-
ident of Lincolnshire, was dis-
covered floating unconscious|in
20ft of water.

The men pulled him aboard
the vessel and immediately
administered CPR. They were
met by police and EMS per-
sonnel at the Grand Lucayan
Waterway. He was then taken
to Rand Memorial Hospital.

















Ste eT ee



DURING A THUNDER:
STORM on Friday
morning, a catamaran
at the Moorings Mari;
na in Marsh Harbour
was struck by lightning
and exploded. The blaze
was put out through-a
combination of rain and
fire-fighters. The boat
has since sunk. lo

PHOTO:
Tropix
Photographix””








Celebrating
Style Through
gD emaeerey

For your convenience,
we now have a NEW
PARKING AREA
located to the east of
our showroom on
Dowdeswell Street!

We will be CLOSED for STOCKTAKING

)NDAY JUNE 30th







The Power to Surprise”



The Spectra5/CERATO has a sporty attitude with its sport-
tuned suspension, strut tower bar, and fully independent ch
suspension. It can seat up to five occupants. It is powered by a sp
1.6-liter four-cylinder that is mated to a standard four-speed
automatic transmission. Air Condition, PWR Windows, PWR
Door Locks, CD Radio, Two 4-Door Sedan Models including the a
5-Door Model. p

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Phone: 242-326-6377

fax: 242-326-6315
JHE TRIBUNE



Caribbean leaders: The

ba

@ By Sir Ronald Sanders










ee

re G 6 Treachery, tribalism
Ke and mass murder is all
i that can result from a
ras false solution. To
‘accept such a Zimbabwe would

be a betrayal of our people, of

‘our principles and quite simply
(ince dead and detained men can

jeither canvass nor cast votes) a
betrayal of ourselves” — those
were the words of a joint state-
ment by Robert Mugabe and

Joshua Nkomo spoken at the
1979 London Conference that led
ito the independence of Zimbab-
we and the election of Mugabe
ig President.

In his sanctioning of wanton
killings and detention of his polit-
ical opponents, Mugabe has long
since forgotten those words.

* The joint statement went on to
btate: “We must remember here
that it has always been, and it
remains, the basic objective of the
atriotic Front to ensure that gov-
efnment of a genuine free Zim-
babwe is based upon free and fair
elections:”
Now in a betrayal, not only of
that pledge but of all the persons



d nations that stood up for an ~

ependent Zimbabwe based on
rhajotity rule, Mugabe has rigged

he election after the other and.

ds sworn not to accept the
results of an election on June 27th
if/it goes against him.
0! Mugabe has disappointed his
fiiost ardent supporters; he has
treated with contempt those who
téposed confidence in him in the
face of many doubters; and worst
of all he has destroyed his own
country and devastated his own
ople, thousands of whom have
ed-the country to neighbouring
states especially South Africa
here in recent times they have
een beaten by resentful and
hnwelcoming South Africans.
t= The current atmosphere in

babwe is not conducive toa .

ree and fair election. Fifty-three
eaths have been confirmed,
,000 people have been injured
and 30,000 people displaced dur-
ing the campaign. UN reports say
four million people are in need
of food aid and they are being
denied help by the Mugabe
tegime. The deputy leader of the
opposition party, the Movement
for Democratic Change (MDC),
Tendai Biti, is in police custody.
Soldiers have been ordered by
-their high command to vote for
Mugabe or lose their jobs and vil-
lagers all over the country have
been threatened with death by
the army. Ordinary people are
brutally chopped to death as an
example to others.
The governments of some
neighbouring African countries

have now spoken out against the -

glaring atrocities of the Mugabe
regime. Tanzanian foreign min-
ister, Bernard Membe, whose
government is the current Chair-
man of the African Union said:
“There is every sign that these
élections will never be free nor
fair”. His conclusion has been
reached on the basis of reports
from 211 election observers inside
the country, some of whom had
seen two people shot dead in
front of them on June 17.

|. South Africa’s President,
Thabo Mbeki, could have done
much more to bring an early end
to the destruction of Zimbabwe
and the wanton killing, by impos-
ing a trade embargo on Zimbab-
we, closing the border between
the two countries and stopping
financial transactions. Instead,
he handled Mugabe with kid
gloves and sought to reason with
him long after Mugabe had man-
ifestly shown that he was beyond
reasoning.

| The elections on June 27th are
now a huge farce.

' If Mugabe wins the Presidential
élection, no one anywhere in the
world could possibly accept it as
credible. Zimbabwe’s economy —
already a basket case, except for
the help of China — will deterio-
rate even further and Zimbab-
weans will suffer and die even
more. Undoubtedly, the US,
Canada and the European Union
countries will rightly apply strict
sanctions against the regime.

. The Chinese government will
have to decide whether in the face
of Mugabe’s glaring atrocities it
will continue to prop him up. It
would be sad for the Zimbab-
wean people if they took such a
decision.

| If, by some miracle, Morgan
Tsvangiri, wins this deeply flawed
Presidential election, Mugabe has
sworn not to accept the result.
Salling the opposition “traitors”,
he said: “Should this country be
taken by traitors ... It shall never





‘many other countries will be the

MIUINDAY, JUNE 23, ZUU8, PAGE /

“You Do The Math”

Father’s Day Greetings to all Fathers and
offers the eee (cash only) specials:

on Rane) SEUile(sl ES

happen ... We are prepared to go
to war for it". The response of
the EU, US and Canada and

same — the isolation of the regime
and sanctions.

Caribbean governments have a
right and an obligation to con-
demn the Mugabe regime in the
most vigorous terms and to send a
clear message now that they will
join an international effort to iso-
late his regime.

Caribbean persons Bich, as
Shridath “Sonny” Ramphal, as
Commonwealth Secretary-Gen-
eral, played a crucial role in the
achievement of majority rule, and
the independence of Zimbabwe.
Other Caribbean leaders, at the.
time, Jamaica’s Michael Manley,
Guyana’s Forbes Burnham and
Barbados’ Errol Barrow also
played their part in overturning
the Unilateral Declaration of
Independence by the white,
minority government of Ian
Smith. They all argued for free
and fair elections based on major-
ity rule, and an end to state sanc-
tioned killing of people who
opposed the government.

Today, Mugabe is no better
than Smith. He has spurned the
efforts of more recent Caribbean
leaders — most notably P J Pat-
terson, the former Prime Minister.
of Jamaica, who as Chairman of a
group of six Commonwealth
heads of government, tried his ©
best to persuade Mugabe to hon-
our the path to democracy.

By the time Caribbean heads
of government meet for their
annual Conference in July in
Antigua, the result of this farcical
June 27th election will be known,
and Zimbabwe will be plunged
into a deeper morass of dictator-
ial rule and atrocities than it now
is.

At that meeting, Caribbean
governments should unhesitat-
ingly join other countries in
imposing the strongest measures
against the Mugabe regime
including intervention by the
United Nations. But even before
then, Caribbean governments at
the highest levels should let
Mugabe know publicly that they
condemn his actions and that the
elections on June 27th are not
credible.

Tyranny in any colour must
be firmly rejected.

Store #1 (Farrington Rd.) — 325-0116
Store #2 (East Street) ~ 325-3474
Store #3 (Carmichael Rd.) — 341-3664



(The writer is a business con-
sultant and former Caribbean
diplomat) j





8 COLORS
ED NEXT TO JOHNS SHOE STORE ROSETTA ST,

a

MINOLTA

Responses to: | ronald-
sanders29@hotmail.com to:ronaldsanders29@hotmail.com
>

© |

Fab a oe



GRAND PRIZE 20” iMac Computer System
SECOND PRIZE Hp Notebook
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island traders building, east bay street

TRS)
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1. Bring your child’s 2008 report card to oyr store on East Bay before August 30, 2008. 2. For every ‘A’ on their report card, they can enter to win.
3. Drawing to be held at the end of summer at a special location to be announced. Visit www.customcomputers.bs for more information.




PAGE 8, MONDAY, JUNE 23, 2008 THE TRIBUNE

LOCAL NEWS |

INGRAHAM IN

Prime Minister Hubert Ingraham was in the US for the New York Conference on the
Caribbean. While there he was taken on a tour of the New York Stock Exchange. He also
attended a dinner for the Heads of Caribbean Community at the Mayor's official residence.





is pleased to offer:

TODDLER _[]C1mp Jumpsar
PLAYGROUP ||__ 2nd Spanish

Immersion Camp
4 : : ae
(F all 08) | Full day camp
Must be 2 years old (9am - 2:30pm)
by November 1. July 7 - August 1
Ball day/Half-day/3-day program Ages 2-12

Lake Waterloo, East Bay Street
‘Waterloo Compound
Tel: (242) 394-4781 /3 tor further information ae





PRIME MINISTER Hubert Ingraham (third from left) is pictured with Heads of the Caribbean Community who
were taken on a tour of trading at the New York Stock Exchange on Friday, June 20, 2008.



NEW YORK MAYOR Michael Bloomberg (left) chats with Prime Minister and outgoing chairman of CARICOM
Hubert Ingraham during a dinner for Heads of Caribbean Community at the Mayor's official residence on
Thursday, June 19, 2008. The dinner was part of events Srheduley during the New York Conference on the
Caribbean held June 19-20.

3 Year Manufacturers Warranty

The Murano is a 4-door, 5-passenger sport-utility, available in 5
lrims, ranging from the S$ 2WD to the SE AWD.

Upon introduction, the 8 2WD is equipped with a standard 3.5-liter,
YÂ¥6, 240-horsepower engine that achieves 20-mpq in the city and
?5-mpq on the highway. The SE AWD is equipped with a standard 3.5
liter, V6, 240-horsepower engine that achieves 20-mpg in the city and
24-mpg on the highway. A variable speed automatic transmission with
overdrive is standard on both trims.

MURANO

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: ; . PRIME MINISTER Hubert Ingraham is pictured a breakfast meeting between Heads of the Caribbean Commu-
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e, sanpin@coralwave.com echahiaitie itp. nity, the New York City Partnership and private sector businesseexecutives at Goldman Sachs on Friday, June
: eae 20, 2008. Goldman Sachs is a global investment banking and securities firm.





SALE RUNS JUNE 20th a 28th PRIME MINISTER Hubert Ingra-

Net-priced and already discounted items excluded. * ight ham is pictured with House Ways

aa and Means Committee chairman
Congressman Charles Rangle
outside Sylvia's Restaurant,
Harlem, New York. Heads of the
Caribbean Community met with
‘Congressman Rangle at a break-
fast meeting at the Harlem
Restaurant.

PHOTOS:
Sharon

Turner/
BIS Photo

HARBOUR BAY: 394-7660 / MARATHON MALL: 393-7979


THE TRIBUNE MONDAY, JUNE 23, 2008, PAGE 9

| LOCAL NEWS

“NEW YORK





The answer to rising gas |
poor roads, bad drivers a 0
even global warming.

Mercedes-Benz understands that in the 2) Safe due to an extreme

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Pars



PRIME MINISTER and CARICOM chairman Hubert Ingraham makes a presentation on behalf of the
Caribbean Community to House Ways and Means Committee chairman cougiessiiai Charles Rangle during
a breakfast meeting at Sylvia's Restaurant in Harlem, New York.

E-CLASS



Tyreflex Star Motors

Call us today for your new Mejcedes-Behy at at 325.4961

PRIME MINISTER and chairman of CARICOM Hubert Ingraham makes a presentation on behalf of the Wulff Road, P. 0. Box N 9123, Nassau, The Bahamas * Fax: 323.4667

Caribbean Community to President of the New York Stock Exchange Larry Liebowitz following a press con-
ference at the Stock Exchange on Friday, June 20, 2008.



We ee

» BS we

aa

CEO OF JET BLUE AIRWAYS CORPORATION David Barger (left) talks

with Prime Minister Hubert Ingraham during a breakfast meeting «piles ee
between Heads of the Caribbean Community, the New York City Part- oe a
nership and private sector business executives at Goldman Sachs on
Friday, June 20, 2008. Goldman Sachs is a global investment banking -
and securities firm.







TENDER FOR THE PROVISION OF
LANDSCAPING SERVICES
: (Administration Building)

Our responsibility

Brake Service * Suspension & Alignment * Exhaust
Oil, Lude & Filter “GOODYEAR TYRES”

The Bahamas Electricity Corporation
invites Tenders from eligible bidders for
the provision of Landscaping Services

(Administration Building) at the

Corporation’s main offices at Blue Hill

and Tucker Roads.

*American & imported Cars Light Trucks Vans & SUV's
*Complete Inspection & Estimates Before we start the work

Bidders are required to collect packages
from the Corporation’s Administration
Office, Blue Hill & Tucker Roads by con-
tacting Mrs. Delmeta Seymour,
Telephone No. 302-1158.

‘2 LOCATIONS TO SERVICE YOU—
MACKEY ST. & ROOSEVELT AVENUE
Tel: 393-6651 or 393-6693

Open: Monday - Saturday
8am~5pm

Tenders are to be delivered on or before
July 18th, 2008, 4:00 p.m.
and addressed as follows:

Mr. Kevin Basden
General Manager
Bahamas Electricity Corporation
Blue Hill & Tucker Roads
Nassau, Bahamas

Marked: Tender No. 671/08
Landscaping Services (Administration
Building) Blue Hill & Tucker Roads
Nassau, Bahamas

Fax 326-4865 * P.O. Box SS-6766 Nassau, Bahamas
AUTO SYSTEM EXPERTS

wn os
z A $ es “Midas is a business based on service, quality and reliability. "3

eae tiiii te Factory scheduled maintenance is car card.
i Midas services your car fully. Our system takes the guesswork se
out of auto care for every car model out there. ——

The Corporation reserves the right to
accept or reject the whole or such part °
of any Tender the Corporation
deems necessary.





<—e" |
an
ss ot we
PAGE 10, MONDAY, JUNE 23, 2008

THE TRIBUNE



EM sa sftp






Ugly Bathrooms
In Just One Day!

Our DuraBath SSP Bathtubs & Wall Systems
are custom made to cover worn-out bathtubs
and out-of-date wall tiles...

No Mess. No Stress.





RE*BATH BAHAMAS

(Manufacturer’s Lifetime Warranty).

Telephone
(242) 393-8501






Open Monday - Friday - 9:00 a.m. - 5:00 p.m,







DR. ANTOINE
ALLEN, B.Sc.
DVM.

REMEMBERS AND SAYS ©

THANKS.

SAO AH emer eUC RO MIM ack) Street Hy

S
:
a

=

LIVING up to its promise
to lead the way in fashion
modeling in the Bahamas, the
hip, new local model agency
Models242 has teamed up
with Ford Models New York
to conduct the most exciting
model search in Bahamian
history, the Ford Models
Supermodel of the Bahamas.

Beginning Wednesday,
June 25, Ford Models and
Models242 will start scouring
the Bahamas and the world to
find the freshest new face to
represent the Bahamas at the
prestigious Ford Supermodel



LOCAL NEWS

Ford models
coming to
the Bahamas

of the World Competition.

For the Supermodel
Bahamas finale in October, |
Ford Models, along with oth-
er noted industry profession-
als, will travel to Nassau and
select a local winner to com-
pete against.51 other young
women from around the world
for $250,000 in modeling con-
tracts with the world leading
agency.

“From its inception earlier
this year, Models242's goal
was to not only find tomor-
row's next crop of men and
women supermodels right

* here in our own backyard,”

says Models242 Communica-
tions Director, Christina
“Chrissy Love” Thompson,
“but we also had to find expo-
sure opportunities for them
once we discovered them.

“As we continue to orga-
nize our operations for its offi-
cial opening in October, we
are both pleased and excited
about this new and, hopefully,
long-lasting, relationship with
Ford Models and the Ford
Supermodel of the World
brand. We see this as another
positive step in bringing inter-
national exposure to the beau-
ty that so many of our young
women possess.

“At Models242, and with
the help of Ford, we are deter-
mined not to let this beauty

go unnoticed and unappreci- .

ated,” Ms Thompson said.
Iris Minier, director of.the

Ford Supermodel of the

World, says she is delighted







eh 2007

new vork cuare pwohs © naar

Motlan: hattewa conera - rissost - alessa

prois: Jrassebechalavan - stella cwarteey - sadentess

by mare + procn

rtdra dell arepia ~ dal

Show |Heldights:

za sehouter © donna Karts auua sui
leo & gabbaaa

~odecutder EiCORCe Gg

SUPERMODEL OF THE WORLD

Eee tir

etccee.

to have the Bahamas on

board, and in welcoming the





On the sixth June 2008, | took the
Veterinarian’s oath at the oath-
taking ceremony. for the 2008
graduating class of the School of
Veterinary Medicine, University
of the West Indies, St.Augustine,
Trinidad and became entitled to the
professional qualification of a doctor
of veterinary medicine.

This completed a long and challenging journey and the realization of.a ee

dream.

It is.my humble pleasure to publicly remember and say thank you to the many persons
and institutions which have helped me Ayeuon many physical and educational
difficulties to this proud day.

In thanksgiving to God, | now dedicate this my life that has been so preciously nurtured
by so many to the healing of and caring for all God’s creatures great and small.

To my dad, Algernon Allen Sr., who provided me love, strength and sustenance at all

stages of my life, | say a heartfelt thanks. My Sehievement is the greatest father’s day

gift that | can give and that he desires.

And how can | thank my mom, Senior Justice Anita Allen, who not only gave me life,
but gave me love, support and encouragement, dedicating her life to my well-being
and the realization of my dream to become a doctor of veterinary medicine.

- | pay tribute to her indomitable will. She never ever despaired, no matter how difficult

the problem we faced. She always believed in me, she believed | could dl
my goal.

In my pain, my tears and my disappointments, my mom was my balm and comfort. In
my successes and achievements, she is ae greatest cheerleader and | give her the
greatest thanks:

To my brother and best friend Al Jr., and sisters, Aliya, Amil and Phylicia, my aunts and
uncles, particularly Pauline Allen-Dean, Beryl Dillett and Stephanie Dean, my cousins
and friends, | say thanks for your love-and support through all of these many years.

4

| also remember with love, my paternal grandmother Jestina Allen, now deceased, °

who cared for me during my infancy and continuously prayed for me through the many
rough days.

To all of the following persons who treated and cared for me through my health and

' physical challenges, | remember and say thanks: Dr. E‘Achara,(deceased) Dr. David
Sands, Dr. Patrick Roberts, Dr. Julie Wershing, the smile maker, Dr. Ralph Millard
(Plastic Surgeon), the Pediatric Cardiology Department of Jackson Memorial Hospital,
Dr. Winston Campbell, Dr. Robin Roberts, Dr Robin Nemery (Pediatric Endocrinologist),
Dr. Barry Russell, Dr. Kendal Major and Dr. Sparkman Ferguson.

To those who guided me through my educational journey, | say a profound thank you:
in particular, Ms. Gail Wisdom, (Academia), Mrs. Shawn Turnquest and Ms. Carol Fox,
Mrs, Linda Virgill and Ms. Andrea Gibson (Speech Therapists), Dr. Deborah L. Levy
( Development Resource Center, Hollywood, Florida), staff of St Andrews School,
particularly, Ms. Lesley Sands, Ms. Cathy Roach, Ms. Siddons, Ms. Judy Reiach,
Mr. Frank Coyle. Ms. Lavin, Mrs. Cole, Ms. Julie Arthur, the staff of Pickering College
(Ontario), Carleton University (Ottawa). Ms. Legell, Administrator of the Joyce, Innis
Gibson Hall (UWI), professors, clinicians, administrative, staff and the class of 2008 of
the School of Veterinary Medicine, UWI (St Augustine).

To those who otherwise assisted me and positively , impacted my life and to whom |
owe a debt of gratitude, | remember and say thanks fo: my guardians and confidantes
while at Pickering College, Mark (now deceased) and his wife Tricia Irwin, my guardian
Ms. Judy Rodrigues and her family (Ottawa), Dr. Godfrey Springer, Dr. Basil Sands, Dr.
Peter Bizelle, Dr.Mark Butler. Dr. Brigette Johnson, Dr. Kwesi Smith and Dr. Winston
Davis and last but by no means least, | thank The Ministry of Education, The Ministry
of Agriculture, The Sassoon Heart Foundation and the March of Dimes Foundation,
Miami, Florida.







» Bethel Brothers Morticians

Telephone: 322-4433, 326-7030
Nassau Street, P.O.Box N-1026

Saal y
FUNERAL SERVICE FOR

CONARD
JOSEPH KNOWLES,
C.B.E., 85

of Fire Trail Road and formerly

of McKanns, Long Island, will

be held on Tuesday, June 24th

at llam at Christ Church
Cathedral, George Street. The
Most Rev’d Drexel W. Gomez,
assisted by Fr. Atma Badhu, The
Very Rev’d Dean Patrick |.
Adderley, Archdeacon Keith
Cartwright and Fr. Michael Be
Maragh will officiate. Interment
will follow in Lakeview
Memorial Gardens, J.F.K. Drive.

His survivors include his wife of 62 years, Annette. Children:
Ronald & Gwendolyn; Joan & Fred; Paul & Yvette; Sonia, Dale.
Grandchildren: Obiama, Khari, Justin, Kelley, Demi, and Degario.
In Laws: Pastor Edward & Velma Allen; Durward & Delores
Archer; Patricia Archer.Nephews & Nieces: Wilfred & Cecile
Knowles; Dorothy, Ruth, Rudolph, Anne Knowles; Phillip &
Marilyn Knowles; Ivy Burrows; Lottie & Gregory Rahming;
Eloise & Dex Ritchie; Isabella & Ancel Pratt; Wanda Maragh;
Andy & Louise Gomez; Astrid (God-daughter) & Dean Patrick
Adderley;. Jonathan & Janette Johnson; Dr Pandora Johnson;
Gaynor Johnson; Barbara Major; Daphne Williams; Mrs. Angela
Archer; Mr. & Mrs. Anthony Archer; Florinda & Fr. John Clarke;

Valaria Smith; Fr. Delano & Agatha Archer; Persephone & Winston.

McQuay; Rosamund & Carl Stubbs; Lambert, Angela M.J Archer;

Diane & Hubert Dean; Drs. Godfrey & Gerry Pinder; Melanie &

Dr. Earl Farrington; Rev.Colin & Marjorie Archer; Donald &
Debbie Archer; Albert & Alexandria Archer; Robert & Marjorie
Archer; Sir Baltron & Lady Helen Bethel; Phillip & Yvonne
Bethel; Iris & Austin Knowles; Michael & Melanie Allen; Lyn
Archer.; First Cousins: Sir Albert & Lady Laurie Miller; Carl &
Ruth Brice; Gladys Brice; Kathleen Brice; Margaret & Samuel
Davis; Thelma Pyfrom; Rosie Thrower; Inez Edgecombe; Shelia
Brice; Mary Marshall; Dr. Rosebud Foster; Dr George Lightbourne.
Special Friends including: The Most Rev. Drexel Gomez & Mrs.
Gomez; Fr. Atma Budhu & Mrs. Budhu; Fr. Thaddeus & Mrs.
Pratt; Archdeacon Keith Cartwright; The Rt. Hon Hubert A.
Ingraham & Mrs. Delores Ingraham; The Rt. Hon. Perry Christie
& Mrs. Bernadette Christie; Sir Orville & Lady Turnquest; Mr.
Campbell & Mrs. Sharon Cleare; Mrs. Gracine Sermons; Mr.
Vernon Burrows; Mrs. Christine Williams; Mr. & Mrs. Roosevelt
Madison; Mrs. Bernice Madison; The Madison Family; Mr. &
Mrs. Ulric McIntosh; Mrs. Dewena Albury; Mr. & Mrs. Basil
Sands; Dr Perry & Mrs. Carmen Gomez; Dr. Duane Sands
(Godson); Dr. Ilsa Grant; Dr. Robert Gibson; Dr. Conville Brown;
His Excellency Paul and Mrs Fargharson; Mr. & Mrs. William
Patterson; Dr. Carlos & Loretta Thomas; Ms. Sandra Johnson;
Mr. Steve & Donna Bell; Mrs. Shirley Brennen; Mrs. Edna Barrow;
Mr. & Mrs. Wellington Dorsett; Mr. & Mrs. Simeon Smith; Mr.
& Mrs. Keith Mason; Dr. & Mrs. Conrad Sweeting; Mr. Marcellus
Taylor; Capt. Don and Mrs. Bridgette Symonette; Mrs. Sonia
Marshall-Rolle (God-daughter); Ms. Cleomi Parker; Petty Officer
Daniel & Inspector Sandra Miller; Mr Aubrey Sherman; Mr. Pat
Paul; Ms. Paula Gibson. Numerous Relatives and many
wonderful friends including St. Gregory’s Church Family; The
Valley; The Long Island Association; The Kidney Centre (Nassau
& Freeport); The Counsellors Limited; Knowles, McKay &
Culmer; Bayview Dental Centre; Frederic Bien-Aime; Dieudasse
Dorcelie Elaine Stubbs; and Alfreda Quant.

Friends may pay their last respects at St. Gregory’s Anglican
Church, Carmichael Road on Monday, June 23rd from 12 noon
to 6p.m. A service of Thanksgiving will be held at S5p.m There
will be no viewing at the Cathedral.



Pokus se @apeeee



DV Soyon) ence ye eer

island nation as the newest
member of its prestigious
model search: family, she

» added: “I eagerly anticipate a

successful collaboration this
year and a long-lasting, fruitful
partnership for years to
come.”

Founded in 1946 by Eileen
and Jerry Ford, Ford Models
has been the leader inthe

"modeling industry, represent-

ing more than 4000 talented
individuals worldwide, includ-
ing Lindsey Lohan, Christy

' Brinkley, Chanel Iman,

Roshumba Williams, Sonja
Wade, Stephanie Seymour,
and Elle McPherson.
Winners and finalists of the
international Supermodel of
the World competition, now
in its 29th year, has graced the
covers of the most prestigious
magazines and appeared in
the most fashionable adver-
tising campaigns. Among
them, notable media super-
star, Chanel Iman, has already
appeared on the cover of
American Vogue, Teen
Vogue and in campaigns for

, the Gap and Benetton.

Interested applicants for
the national event must be
female citizens or legal resi-
dents of The Bahamas — pro-
fessional or non-professional
models — living locally or
abroad, between the ages.of
14 and 20 years of age, and
between 5'8” and 5'11,” with a
body structure befitting the

_ job required.

Entry deadline for the Ford
Supermodel of the Bahamas
is September 1, and a mini-
mum of 10 young women will
be selected to be made over
for the October finale.

“With this history making
opportunity right here in our .
midst,” says Ms Thompson, “I
hope that the whole commu-
nity will get behind Ford Mod-
els, Models242, and the Ford
Models' Supermodel of The
Bahamas model search event,
as they are all providing our
young people with avenues for
bettering themselves and, pos-
sibly, the community of peers
around them.”



“We see this as
another positive
step in bringing
international
exposure to the
beauty that so
many of our
young women
possess.” |

CS
Christina Thompson
THE TRIBUNE

MONDAY, JUNE 23, 2008, PAGE 11



Felipé Major/Tribung staff



SMASHED:
Two motorists
were serious-
ly hurt after
their cars were
in collision on
Carmichael
Road on Sat-
urday morn-
ing. The vehi-
cles collided
almost head-
on.

Court to hear complaints about
conduct of local govt elections

Applicants file for judicial review

@ By ALISON LOWE
Tribune Staff Reporter
alowe@tribunemedia.net
JUSTICE Jon Isaacs will

today hear the arguments of

those who have filed for a judi- ,

cial review of the actions of the
minister of local government
and the parliamentary commis-
sioner in relation to the upcom-
ing local government elections.

The proceedings will begin at
9am in the Supreme Court, and
the voters who are taking action
against the minister, Sidney Col-
lie, and the parliamentary com-

missioner, Errol Bethel, are to
be represented by lawyer
Damien Gomez. °

The applicants complain,
among other things, that the
Minister has purportedly sought
to change polling divisions and
the numbers of Councillors to
be elected in specific polling
divisions without notice and
without lawful authority.

The applicants also claim that
the Minister and Parliamentary
Commissioner have failed to

. comply with the notice provi-

sions for nomination of candi-
dates in contravention of the

Sidney Collie



relevant statutes. The relief
claimed includes an order pro-
hibiting the Minister from con-
ducting the Elections ultra vires
the Local Government Act and
the Parliamentary Elections
Act.

Defence Force Marine completes disaster preparedness course

LEADING Mechanic Lynden
Leadon of the Royal Bahamas
Defence Force recently returned
from a four-week disaster pre-
paredness Operations Specialist
course at a US Naval Base in the
United States. The training was
sponsored by the International
Military Education Training
*(IMET) scheme which is facili-
tated by the American Embassy.

The course was designed to
provide officers, civilians and

enlisted personnel having respon- ©

sibility for disaster preparedness
and mitigation, with the skills nec-
essary to prepare for, defend
against, and recover from major
natural or man-made disasters.
The timely month-long training
was undertaken at the Centre for
Seabees and Facilities Engineer-
ing Detachment in Fort Leonard
Wood, Missouri.

AVY (eA Leadon



Some of the topics covered
included disaster preparedness
development planning, natural
and man-made threats, threat
assessment, shelter management,
radiological surveys and hazards,
identifying chemical and biologi-
cal agents and general hazardous
threats assessment. Participants

DEATH
ANNOUNCEMENT



were required to employ their
newly acquired skills through par-
ticipation in a simulated terror-
ist attack on personnel and equip-
ment. They were placed in a
chemically toxic environment at
the Chemical Defence Training
facility, and were required to
effectively diagnose complaints

~ associated with certain chemicals,
and administer medication to

affected personnel.

Numerous members of the
Force have now successfully
undergone the training, and they
are employed in vitally strategic
areas which can directly benefit
from their expertise should the
need arise. Leading Mechanic
Leadon is a twenty-one year vet-

‘eran of the Service.

@ (RBDF photo: Leading Seaman
Jonathan Rolle)

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PAGE 12, MONDAY, JUNE 23, 2008

THE TRIBUNE



FROM page one

him without having the power to
do so under the Defence Force
Act.

The dismissal, said Lieut Sher-
man, was the climax to years of
victimisation from senior officers
who objected to his insistence on
doing things the right way.

As a former US marine, he
found himself at odds with a
“banana republic” culture in
which young marines were delib-

Former US marine

erately held back by senior offi-
cers who felt threatened.

“As far as I know, I am the first
commissioned officer ever to have
been fired,” he told The Tribune,
“but I still don’t know what I
have been fired for.

“The official reason is ‘mis-
conduct’ but nothing has been
specified and nothing has been
put on paper.”

Lieut Sherman, who was

described by US military author-
ities as an “outstanding” and
“conscientious” marine, believes
he has fallen foul of a regime
that discourages initiative and
resents an insistence on high stan-
dards.

“TI feel sorry for those who are
left behind to work under Com-
modore Scavella,” added Lieut
Sherman, “That base is totally
screwed up. He has turned the
whole force upside down on its
head.” .

Lieut Sherman left the US

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Marine Corps with an honourable
discharge in 1992 after receiving
several glowing tributes to his
commitment and efficiency.

His 12 years with the Royal
Bahamas Defence Force have,
however, been a less happy expe-
rience. He said he has been the
target of sustained hostility and
victimisation from the higher
ranks.

Despite acclaimed service in
several areas of the force, includ-
ing education of young marines,
he said he had been systematical-
ly overlooked for promotion and
deliberately marginalised and
ostracised.

“I was finally dismissed per-
sonally by Commodore Scavella,
but he doesn’t have the authority

to dismiss a commissioned offi-

cer, according to the Defence
Force Act, he claimed.

“I have never received any-
thing in writing and do not know

what this misconduct is supposed

to be.”

Now Lieut Sherman is consult-
ing lawyers to fight what he terms
“unfair dismissal” with a view to
setting the record straight and
upholding his constitutional
rights.

“This violates the laws of nat-
ural justice,” he alleged.

Lieut Sherman, who holds a
BSc from an American college,
said he had been “a thorn in the
side” of the Defence Force senior
ranks “almost from day one.”

This, he said, was because of
his tendency to speak out and
expose the force’s shortcomings.

Even as education officer, he

had been told he was “writing too

_ much” and sending too many

marines off to school. He formed

the impression that senior offi- '

cers felt threatened by younger
personnel who went away to earn
qualifications.

His dismissal came as a sur-
prise because he claimed that oth-
er senior officers had been
retained even after being accused
of such serious offences as rape..

“Fraternisation is rampant

- throughout the force,” he said,

“We have had a series of prob-
lems down there. We have
women marines who have chil-
dren for officers down there.
Where is the discipline? It has
gone out of the window.”

Emphasising that there were
many “excellent” marines in the
force, Lieut Sherman said he had
only ever advocated positive
changes for the organisation.

But senior ranks had ignored
scholarship offers for younger
staff and resented any opportu-
nities for exposure which came
their way.

“I don’t know why we have this
mentality where we eat our young
and don’t see any reason to see
our people advance. It seems the
officers are afraid.”

Lieut Sherman said he had nev-
er had problems with the rank
and file. But they had admitted
being his worst enemy because
of the way they praised him in
front of his fellow officers.

“The officers are incensed by
this. I have been squeezed out
because I do my job too well. I
agitated for a review of the force,
which was badly needed. How-
ever, this review has never been
tabled. In the end, they obviously
thought it was best for me to be
kept away from everything.”

Lieut Sherman also believes

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of his US connections. “There
appears to be ambivalence and
mistrust of the US in the force,”
he said.

His insistence on writing
reports on anything he saw wrong
was not appreciated, he said.
“These reports were at odds with
the culture. Our Defence Force
has not yet come into the modern
era. We still have a colonial mind-
set.

“Tf you challenge the com-
modore, he regards you as dis-
loyal. But my loyalty is to the
organisation and the people of
the Bahamas, not the individual
who sits in the chair.”

When he was fired, he was
“escorted off the base like a com-
mon criminal” by military police,
he said. :

“He had me escorted to my
house to collect my uniforms.
How do you dismiss a commis-
sioned officer from any force
without any paperwork?

“T think it is a blatant abuse of
authority.

“We have had officers who
have been investigated for rape,
drugs and other horrific things,
yet I am the one being fired.”

Lieut Sherman claimed the
leadership did not have the vision
to bring the force into the 21st
century. “We just don’t have the
mechanism in place to develop
our officer corps to the level
where they should be,” he said.

Minister of National Security
Tommy Turnquest said: “I have

spoken to Lieut Sherman per--

sonally, I have gone through the
allegations that the Defence
Force has placed against him and
I was satisfied that the Defence

Force was acting in accordance

with its regulations.”

When asked to expand, Mr
Turnquest said he thought it best
for the Defence Force to go into
the details. He added: “It doesn’t
serve anyone well to discuss per-
sonal matters in the press.”

The Defence Force was

unavailable for comment before’

The Tribune went to press.

Man murdered
in his bedroom

FROM page one

dow in her son’s bedroom.

“When my eyes behold this
load of blood, I say ‘Oh Lor@,
they killed my child’,” said the
82 year old as she described the
scene upon entering her son’s
room.

Standing over his body, Mrs
Roberston said she called to
her son to speak to her, but he
was already dead. He was still
wearing his chef’s uniform he
had on when he came home
from work.

Chief Superintendent of
Police in charge of the central
detective unit Glenn Miller said
there were signs of a struggle
in the victim’s bedroom.

Drawers were pulled open
and Mr Miller suggested that
an accomplice had been search-
ing the room as the attacker
fatally wounded Mr Robertson.

Neighbours reported
seeing two young men running
from the scene, claimed his
mother.

Friends of Charles, who had
gathered at a nearby grill where
Charles would have spent his
Sundays if he did not have to
work, remembered Charles asa
popular and humble person.
They said he did not deserve
the death he suffered.

Philip Newton, who had
known Charles for about 15
years, said: “I haven’t smiled °
since about 2am yesterday
morning. As far as I can tell,
all Charles had was friends.”

Ellis Turner, a neighbour,

? remembered Charles as some-

one as a “good person (who)
was always talking about God.”

“He tried to help all of us
here,” he said.

‘Turnquest to investigate ‘thousands
owed!’ to reserve police officers

FROM page one

Whatever the reason, officers who work long hours on the
reserve force, are falling behind on their rent and bills. Many offi-
cers are single parents struggling to survive without adequate pay.

They had not been paid for any work throughout the year until
The Tribune publicised their plight in May. And then they were paid
for just three months work. They are still owed payment for the.
three months they have worked from March until now.

Reserve Chantelle Stuart, 33, a single mother of one, was owed
more than $3,000 for her hours since the start of the year. She was
struggling to pay her mortgage, car payments, school fees and elec-
tricity bills before the first payment came through in May.

She said: “Every time you work you put time in and the police
officer signs it. All the time keeper has to do is add up the time and

put the stamp on it.

“How many months does it take him to add up time sheets?” she

wondered.

During his budget communication Mr Turnquest praised the
work of the police reserves, calling them, “an extremely important
organ of the police.force.” He told the House of Assembly that pay
problems for the officers had been‘corrected.

The statement led reservists to believe Mr Turnquest had been
given the wrong information and called for him to investigate the

matter.

Mr Turnquest said: “I am very disappointed to hear that some
reserves are not being paid, and I am understanding they are not
getting paid until a month later and that should not be happening.
I need to investigate the matter further and I will do that when I

”

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MONDAY, JUNE 23, 2008, PAGE 13



‘No major cause for

concern’ over EPA

FROM page one

— which would automatically
cause the benefits in the EPA to
adjust to be the same thanks to
a particular clause in the agree-
ment — the timeframe over
which that liberalisation will
occur will not change from that
set out in the EPA.

As it stands, the EPA allows
the Bahamas and other African,
Caribbean and Pacific countries
between three and 25 years to
adjust to its requirements —
something that Minister of State
for Finance Zhivargo Laing has
repeatedly sought to emphasise.

Meanwhile, Dionisio
D’ Aguilar, president of the
Chamber of Commerce,
claimed that whether or not the
Bahamas ends up being subject
to a more demanding trade
agreement with the U.S. will
have no bearing on the situa-
tion on the ground.

“The reality is that we will
sign these agreement but we
will get huge windows, 10, 12, 15
years which doesn’t allow these
companies to come, and then
when they do show up we’re
going to make it as difficult as
we possibly can through
bureaucracy to stop them from
starting here because it’s just
not politically feasible.”

He used the example of
Japan, a developed first world
economy which does not allow
the importation of rice, a prod-
uct it produces, as evidence of
how governments can sidestep
the most damaging effects of
free trade agreements.

Meanwhile he suggested that
the United States would at any
rate have little interest in enter-
ing the Bahamian economy to
any greater extent than it
already has.

“Even if an agreement said
‘Yes, Walmart can come down
here’. What purpose would it
serve? It would completely
obliterate our economy and
then we’d all jump on boats and

go to America. So it’s not in,

their interest,” he said.

It is the Caribbean Basin Ini-
tiative (CBI), a non-reciprocal
arrangement between the U.S.
and the Caribbean that allows

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Director of Economic Plan-
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Simon Wilson admitted on Fri-
day that it is likely that when
the Bahamas and other
Caribbean countries negotiate
the future of the CBI with the
United States that the U.S. will
ask for the same or more mar-
ket access benefits in Caribbean
countries than the Europeans
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“Whatever preference the
region has given the Europeans

‘the US is probably going to ask

for it and get something more.
And if the region decides that
the US gets more than the
Europeans, the Europeans will
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Stephen Lande, a former
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tative, said in Guyana’s Stao-
broek News newspaper last
week, that Caribbean negotia-
tions with the EU have “under-
mined its relations with the
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PAGE 14, MONDAY, JUNE 23, 2008

2008 Lifetime Achievement Award

Businessman Franklyn
R. Wilson to receive
Bahamas Chamber of

Commerce honour

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opment of business enterprise
and his immense contributions
to the Bahamian community at
The Chamber’s annual awards
banquet on Saturday, June 28 at
8.15pm, at the Sandals Royal
Bahamian Resort. During the
awards The Chamber will also
announce its Businessperson of
the Year, Entrepreneur of the
Year and Business of the Year
winners.

Mr Wilson, Chairman of Sun-
shine Holdings Group of Com-

’ panies and a Chartered

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Accountant by profession, has
over the years distinguished
himself as a ‘first class’ enter-
prising entrepreneur, business-

man and civic leader having

played a significant role in cre-
ating job opportunities, as well
as making home ownership a
reality and access to tertiary lev-
el education possible for count-
less numbers of Bahamians.
“It is with great pleasure that
The Bahamas Chamber of
Commerce recognises the
invaluable contributions made
by Mr Franklyn R ‘Wilson to
the Bahamian society. His
visionary leadership, relentless
pursuit for business excellence
and his unselfish and philan-
thropic acts are unmatched by
any other Bahamian business
leader, therefore we hold the
view that he is most deserving
of this coveted award,” said
Dionisio D’Aguilar, President

of The Bahamas Chamber of.:

Commerce.

Philip Simon, Executive
Director of the Chamber said
that Mr Wilson was selected
from among 15 worthy candi-
dates by the organisation’s
Executive Committee.

“Once the votes were tallied,
it was evident that Mr Wilson
was the chosen winner. He is
obviously, a notable business
leader, with an impressive track
record like our past Lifetime
Achievement winners for 2007,
Mr and Mrs David and Nancy
Kelly, owners of Kelly’s who
have positively impacted the
Bahamian community for the
better.” :

‘In his present capacity, Wil-
son also serves as Chairman of
FR Wilson & Co Ltd, Finan-

cial Advisers, the successor firm |
-to F R Wilson .and Co, Charted

Accountants founded in 1971;

Chairman of Sunshine Holdings

Ltd, the original holding com-
pany for the group of investors

THE TRIBUNE -





MR FRANKLYN WILSON, ehainnan of Sunshine Holdings Sibi’ of
Companies, will receive The Bahamas Chamber of Commerce’s pres-
tigious 2008 Lifetime Achievement Award at its annual Awards Banquet
and Silent Auction on Saturday, June 28 at 8.15pm at Sandals Royal

Bahamian resort.

who became known in The
Bahamas as the “Sunshine
Boys”; Chairman, Arawak
Homes Ltd, which has devel-
oped more residential homes
than any other company in the
history of The Bahamas; Chair-
man, RoyalStar Assurance Ltd,
one of the largest general insur-
ers in The Bahamas; Chairman,
Sunshine Insurance (Agents &
Brokers) Ltd, Bahamas Asso-
ciate of Marsh, the world’s
largest insurance broker; and
Chairman, Eleuthera Proper-
ties Ltd, land developer in
South Eleuthera.

Mr Wilson currently serves
as a Trustee at Elmira College
in Elmira, New York, Director
of Junior Achievement World-
wide and as a member of the
Finance Committee of the
Anglican Church.

A former Member of Parlia-
ment having served under the
Progressive Liberal Party
administration from 1972 to
1977, Mr Wilson is one of the
youngest persons in the history
of The Bahamas to have been
elected. He also served as
Jeader in the Senate for the Pro-
gressive Liberal Party.

Mr Wilson is the founding

chairman of Junior Achieve-

ment in The Bahamas, and
served as chairman for ten
years. He also served on the
Council of Economic Advisers
to the Bahamas government
and chairman of the Council of

The College of The Bahamas, ..,;
Additionally, Mr Wilson'served _

as a member of the Board of
Directors of The Bahamas

Monetary Authority, which lat- |
er evolved into The Central |

Bank of The Bahamas.

The business leader is also |
the founding chairman of The |

Bahamas Chapter of both the

Young Presidents’ organisation '

and the World Presidents’
Organisation. He is a founding
member of The Bahamas Insti-
tute of Chartered Accountants
and member of the Institutes of
Canada and Jamaica.

In 2002, Mr Wilson was pre-

sented with the Commander of |
the Distinguished Order of St:
Michael and St George (CMG) *

by Her Majesty the Queen. He
has received numerous leader-
ship awards including being
recognised in the silver anniver-
sary of the country’s Indepen-
dence in 1997 by the Govern-
ment of The Bahamas and he
was presented with The
Bahamas Chamber of Com-
merce’s Distinguished Citizen
in Business Award in 1980.

Mr Wilson was graduated
with an honours degree in Com-
merce from Dalhousie Univer-
sity. He pursued selected grad-
uate studies in Management at
the University of Miami and in
Banking from the American
Institute.

He is married to alemneyene





law and former Chief Magis- \

trate and Senate President,
Sharon Wilson formerly Lock-

Ahart.. The couple has three chil-
_-dren and four grandchildren.

Bahamas Bus & Truck Co. Ltd.

Montrose Ave.
Phone: 322-1722/Fax: 326-7452






THE TRIBUNE rod MONDAY, JUNE 23, 2008, PAGE 15




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PAGE 16, MONDAY, JUNE 23, 2008

THE TRIBUNE



Zimbabwe opposition leader

pulls out of presidential runoff

Tsvangirayi Mukwazhi/AP Photo

MORGAN TSVANGIRAI, leader of the main opposition party in Zimbabwe
speaks ata press conference in Harare, Sunday, June, 22, 2008. Tsvan-
girai said Sunday he is pulling out of this week’s presidential runoff
because of mounting violence and intimidation made it impossible to hold
a credible poll. Tsvangirai announced his decision during a news confer-
ence in Zimbabwe's capital after thousands of ruling party militants
blockaded the site of the oppositions. s main campaign rally ina now rou-
tine pattern of intimidation.

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@ By ANGUS SHAW
HARARE, Zimbabwe

Opposition leader Morgan
Tsvangirai pulled out of Zim-
babwe’s violence-wracked pres-
idential runoff yesterday,
declaring that the election was
no longer credible and the loss
of life among his supporters was
simply too high, according to
the Associated Press.

The announcement cleared
the way for President Robert
Mugabe to continue his 28-year
rule, despite mounting con-

demnation from even loyal.

African allies that the former
independence hero has become
a despot who has bankrupted
the country’s once thriving
economy.

“We can’t ask the people to
cast their vote on June 27 when
that vote will cost their lives.
We. will no longer participate
in this violent sham of an elec-
tion,” Tsvangirai said.

He addressed a news confer-
ence in Zimbabwe’s capital
after thousands of militants loy-
al to Mugabe prevented oppo-
sition supporters from gather-
ing for its main campaign rally.

As night fell, militia groups

roamed the capital and hotels:
sent their workers home early



MEMBERS of the ruling ay Zan PF militia, beat unidentified eon at Ate venue of the nraposed i Movement
for Democratic Change (MDC) party rally in Harare, Sunday, June 22, 2008. The main opposition party was giv-
en approval by the courts to hold a rally ahead of a run off election set for June 27, but some thousands of rul-
ing party militants armed with sticks and stones, blockaded the site of the opposition’ § main pre-election rally
Sunday, in yet another show of the intimidation that has characterized President Robert Mugabe’s campaign.

mally busy Sunday traders
packed up early.

Tsvangirai called on the Unit-
ed Nations, the European
Union and the Southern
African regional bloc to inter-
vene. .

He said he would put forward
new proposals by Wednesday

on how take the country for-
ward. The opposition has
repeatedly said it would wel-
come a government of “nation-
al healing” including ruling
ZANU-PF party members but
not Mugabe himself.
Zimbabwean Information
Minister Sikhanyiso Ndlovu

out of fear for the safety. Nor-

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said Friday’ s runoff would go
ahead in accordance with the
constitution — and to prove
Zimbabweans’ support for
Mugabe, who has held power
since independence from
Britain in 1980.

“The constitution does not
say that.if somebody drops out
or decides to chicken out the
runoff will not be held,” Ndlovu

~ said. “It is an election of the

people of Zimbabwe against
Britain.and America,” he said,
returning to the government’s
theme of portraying Tsvangirai
as a puppet of Western powers
out to re-colonize Zimbabwe.
The opposition, Britain and the

United States reject such claims.

Tsvangirai won the first
round of the presidential elec-
tion on March 29, but did not
gain an outright majority
against 84-year-old Mugabe.
That campaign was generally

_ peaceful, but the runoff has

been overshadowed by violence
and intimidation, especially in
rural areas. Independent human
rights groups say 85 people have
died and tens of thousands have

.been displaced from their

homes, most of them opposi-
tion supporters.

Ndlovu reiterated govern-
ment claims that the opposition
was to blame for the violence.

‘Tsvangirai complained that~
he was being treated like a
“common criminal,” ‘with his
attempts to tour the country

e stymied by police at roadblocks.

The state-controlled media
have banned opposition adver- ©
tisements, claiming they “con-
tain inappropriate language and
information.” The media cited
one ad that claimed that Tsvan-
girai won the election, “which is
not the case, hence the runoff.”

Tendai Biti, the opposition)
-party’s No. 2, was arrested with-
-in minutes of his return from

South Africa last week and is
being held on treason charges.

Tsvangirai had hoped to
address his main campaign ral-

_ ly for the runoff Sunday after-

noon. But thousands of ruling
party militants blockaded the
show ground site and set up
road blocs at the main approach
streets, ripped branches from
trees and hurled stones at cars.
Hundreds of militants, many
with sticks and wearing ZANU-
PF ruling party colors, marched
past its headquarters chanting
slogans. ZANU-PF trucks,
warning lights flashing and
crammed with passengers; ¢ cir-
cled the grounds. A

The opposition Movement
for Democratic Change claimed
that the militants were beating
opposition supporters who were
trying to reach the venue and
said at least two were seriously
injured. It said the militants
attacked journalists and forced
African election monitors, who
had been driving around the ral-
ly site, to flee. Election monitors
could not immediately be
reached for comment.

Zimbabwe has barred West-
ern observers and most jour-
nalists, but permitted African
election monitors.

Mugabe has shrugged off

mounting. international con-

demnation. But never before
has he faced such criticism from

_ other African leaders who now

openly say Mugabe is an embar-
rassment.

Even one of Mugabe’s
staunchest allies, Angolan Pres-
ident Eduardo dos Santos,
urged him to end “all acts of
intimidation and violence,”
while current African Union
chair Tanzania said it doubted

the elections would be free and .

fair. The leaders of Rwanda and
Kenya — which have both suf-
fered deadly political violence
— have been especially
scathing.




@ By NEIL HARTNELL
Tribune Business Editor

Bahamas-
based bro-
ker/dealer’s
top executives
have been
slammed for “mismanage-
ment” and “breach of fiducia-
ry duty” in allowing client
assets to be commingled and
used as collateral for other
failed investments, something
that caused the company to
collapse from a $25-$26 mil-
lion trading loss in one

* account.

A report. filed with the
ene Court by nee

MONDAY,

JUNE 23,

2008

SECTION B ¢ business@tribunemedia. net

Broker's executives ‘breached Abaco Markets
fiduciary duty’ in $26m collapse

* Liquidator slams Caledonia management, Board for commingling

client funds and using them as collateral for failed trading account

* Court report alleges executives tried to keep assets away from
creditors and liquidation through transfer to two related entities
* Claims top executives transferred $8m worth of client bonds
to cover losses without pee sen

Kikivarakis, the Deloitte &.

Touche accountant acting as
Caledonia Corporate Man-
agement Group’s liquidator,
revealed a number of ques-
tionable investment practices

Financial services growth
strategy more important
than the EU worries

lm By NEIL HARTNELL
Tribune Business
Editor

ib THE Bahamas should focus

- more on the development
strategy for its:international
financial services. centre over
the next several years, a for-
‘mer Bahamas Financial Ser-

vices Board (BFSB) chairman —

. told The Tribune, rather than
- wotry about developments

such.as.the European:Union’s’

Moree: ‘White List’ anti-
competitive, but full impact
on Bahamas not known

(EU) so-called ‘white list’.

Michael Paton, an attorney

_and partner with the Lennox

Paton law firm, said the

Bahamas’ and other interna-. -

SEE page 12B

IndiGo plans late summer
post-paid Abaco launch

B By NEIL HARTNELL
Tribune Business Editor

INDIGO Networks, the only
“legal fixed-line competitor to
the Bahamas Telecommunica-
tions Company (BTC), plans
to launch residential and busi-
ness post-paid services in Aba-
co by late summer, its pre-paid
‘services. unveiling in
March/April 2008 having
“gone very well”.
Paul: Hutton-Ashkenny,
president of IndiGo Networks
and its parent, Systems

Resource Group (SRG), said

the pre-paid lainch in Abaco —

after a frustrating three-year
wait until the Public Utilities
Commission (PUC) resolved

‘a dispute with BTC in its

favour — had been “pretty
much what we expected”.

. “It’s all gone very well. Ini-
tially, we launched our pre-
paid services, and we expect
to launch residential post-paid
by late summer. We’ll do cor-
porate pretty much at the same
time,” he told The Tribune.

IndiGo Networks’ infra-
structure build-out in Abaco
is still awaiting approvals for
all its planned Radio Tower
masts, with permissions needed
from bodies such as the Civil
Aviation Board for the vari-
ous sites.

Mr Hutton-Ashkenny said
IndiGo would invest $1 mil-
lion in building out its Abaco
network, and $1 million-plus
in doing the same in east and



by the company’s senior man-
agement that have left their
clients desperately seeking the
return of $104 million in invest-
ed assets.

Warning that ‘ ‘clients will

{
i

suffer losses”, because Cale-
donia’s assets were unlikely to
be sufficient to cover what is

SEE page 4B

/ Regulators meet



City Markets over
its late financials

Lv By NEIL HARTNELL
| Tribune Business _
i Editor

|SECURITIES omits:

sion officials on Friday met -

with Bahamas Supermarkets

executives over the compa-

ny’ s ongoing failui re
‘lish its audit
st tements fo



: with the end ‘of. fiscal 2008
J rast owe ey Tribune

igs aoe etidact

Business c can Hevea
Officials from the capital
markets regulator are also

- understood to have met with
the company’s auditors,
-KPMG (Bahamas), on the

same day, one of the sub-
jects for discussion likely to

-. have been whether the City
oy Matkets chain GRereOE He

__ SEE page 6B







Q1 profits hit by
electricity spike

@ By NEIL HARTNELL
Tribune Business Editor

ABACO @
Markets’ |
president told |
The Tribune |
that the com- |
pany’s fiscal |

2008 ; first
quarter finan-
cials -have |.

“seen a drop
in profitabili- |
ty” due. to
soaring ener-
gy costs, the
company estimating in its 2007
annual report that its electrici-
ty bill is likely to increase by $1
million year-over-year.

‘Gavin Watchorn said the

full-year utility bill estimate
was based on costs for the first
two months of its financial
year, adding that the compa-

» ny had “just reallocated our

Budget to spend mote on ener-
gy-saving measures”

Abaco Markets had origi-
nally -planned to: invest
$250,000 in enhancing air con-
ditioning system efficiency in
its Nassau-based Cost Right
and Solomon’s SuperCentre
stores, but had since expanded
the initiative to look at gener-
ating electricity for parking lot
lights via solar panels. A major
in-store energy conservation
effort among staff was also
planned.

Acknowledging that the

increase in energy.costs had.



Retail group expects
$1m utility bill rise
in fiscal 2008

eaten into ‘margins and prof-
itability for the 2008 first quar-
ter, which covers the Febru-
ary-April period, Mr Watchorn
said: “The price of oil is 50-60
per cent higher than last year.
We’ve taken a conscious deci-
sion not to pass 100 per cent of
the cost increases on to cus-
tomers, because their cost of
living is going up as well.
We’ve looked at other ways to
offset the situation, rather than
increasing prices, which is the
easy thing to do.”

Despite the first quarter
impact, Mr Watchorn said
Abaco Markets had initiated
payroll savings and a number
of other cost reduction mea- ©
sures to combat soaring energy
and food prices. He added:

“We've done a lot of things

that will have an impact from
the second quarter onwards.”
In the company’s annual
report, its chairman and chief
executive, referring to the
increase in oil and other com-
modity prices, said: “We
expect these increase to trans-
late into a staggering increase
in utilities alone — which are
tracking to increase approxi-
mately $1 million in 2008.”
Meanwhile, Mr Watchorn

- SEE page.7B

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“We’ve got some work to do Cc
in getting radio towers out to
both locations, and that’s not
going to be much before the
end of the year,” Mr Hutton-
Ashkenny added of east and
west Grand Bahama.

In its core New Providence
market, IndiGo Networks was
“seeing reasonable growth on
the corporate side”, and had

- launched its residential services
“in a wider fashion” via some

west Grand Bahama. Further
investment was likely on both
islands as the company’s infra-



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PAGE 2B, MONDAY, JUNE 23, 2008 THE TRIBUNE







Reward Offered Stamp exemption’s

for the return of a Bahamian Passport:
FT004743 missing in the name of-



“eat | return ends property
‘fence sitting’































@ By CARA BRENNEN- tax exemption for first time ing early”. of the exemption, industry pro-
BETHEL home buyers and increase the “It is especially great that fessionals are hearing from
Tribune Business ceiling to $500,000. they included land purchases clients who beforehand were
Reporter Bahamas Real Estate Asso- _as well. lam so glad that they _ on the fence about a particular

ciation (BREA) president listened to us; it is something property, and are also seeing

BAHAMIAN realtors are William Wong called the Gov- that is long overdue,” Mr persons looking at more
hearing from clients previous- ernment’s decision toreinstate Wongsaid ° expensive pieces of property.
ly ‘sitting on the fence’ whenit the stamp tax concession for He was a guest on the first The exemption can equal A
came to property purchases, first-time homeowners up to episode of the new TV pro- tens of thousands of dollars,
following the Government’s an increased threshold of -gramme, The Financial Voice. Mr Wong said, which means
decision to reinstate the stamp $500,000 as “Christmas corn- Mr Wong said that because __ that persons can put that mon-

ey into repairs, landscaping or

towards purchasing appliances

or furniture.

The president of the
Bahamian Contractors. Asso-
ciation (BCA), Stephen Wrin-
kle, added that he was hopeful
that the proposed incentives
for the real estate and con-
struction industry contained in
the 2008/2009 Budget will be
enacted quickly to ensure the
benefits of increased activity

' in the sector can be felt
throughout the economy.

Commenting on the mea-
sures that Prime Minister
Hubert Ingraham outlined in
his Budget communication ear-
lier this month, Mr Wrinkle

said it will do much to jump-
start the economy.

“We need to get things mov-

-ing quickly,” he said, noting
that many of the proposals will
require changes-to the law. “It
will take some time for the

benefits to trickle down to the
economy.”

Mr Wrinkle pointed out that
the current construction slow-
down begun last year during
the time of the general elec-
tion, when there was a halt in
development, and said it was
time to get * ‘shovels in ‘the
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‘Time: 6:00 a.m.
Route: at the steps of the Main Entrance to the Central Bank, north on
Frederick Street, West on Bay Street to Goodman’s Bay.

: Entry Fee: (FREE).
Entry Deadline: Friday, June 27", 2008 AT 12 NOON
e For Registration, please contact:
Ms. Lynette Bowleg 302-9807, Stephanie Green 302-9883 or. Mrs. Bridget Roker 302-9875
Fax: 356-4324

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THE TRIBUNE



MONDAY, JUNE 23, 2008, PAGE 3

murat

1 UTS) NT Sot)



overnment to
create pension
Task Force

& By CARA BRENNEN-
BETHEL
Tribune Business
Reporter

THE Government will like-
ly soon appoint a Task Force
to examine the feasibility of a
mandatory national pension
plan, minister of state for
finance, Zhivargo Laing, con-
firmed.

Speaking at a RoyalFidelity
seminar last week, Mr Laing
said Prime Minister Hubert
Ingraham had given him the
mandate to begin inquires into
creating a Task Force, which
will seek to examine the best
way of implementing such a
programme. It would be oper-
ated much the way that the
National Insurance Board
(NIB) is, with both employees
and employers making set con-
tributions.

Mr Laing said that given the
mindset of the majority of
Bahamians when it came to
making salary deductions, and
their wariness in accepting
change, he expected the idea of
such a programme would be
met with a great deal of oppo-
sition. This happened at NIB’s
inception, and the outcry over

Sy

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ar E907
on Mondays





Hillary Deveaux

the proposed National Health
Insurance (NHI) plan.

However, he pointed out
that given the very poor sav-
ings habits of Bahamians and
the increasing numbers of
elderly Bahamians who are
now experiencing financial
adversity, such a national pol-
icy could be extremely benefi-
cial for the country.

Mr Laing added that with

the possible implementation of.

such a policy, the Bahamas was
actually on the cusp of the one
of the most important devel-
opments in its national history.

N





Can LION FISH be
our next fishery
resource?

Wednesday, June 25
at 7:00pm
The Retreat, Village Road

For more information call 393-1317

Public meeting will feature a presentation on the
Natural History of the Lionfish presented by
Lakeshia Anderson,
Department of Marine Resources.
The presentation will be followed by
a hands-on demonstration by
Bahamian lawyer, conservationist and fisherman
Alexander Maillis Il,
who will teach you how to cook and clean
LION FISH, a delicacy in the Asian kitchen.



The Counsellors Ltd

The office

WILL BE CLOSED

on Tuesday, the 24" June

Due to the passing of Mr. Conrad J. Knowles,
the father of our President,
Mrs. Joan Albury

Â¥

ng

ae i]

Cyril Theriault, superinten-
dant of pensions for the Cay-
man Islands, which has imple-
mented such a national manda-
tory pension programme,
explained that in their scheme
all workers and employees
must make contributions total-
ing a minimum of ‘0 per cent of
income.

While the payments are
mandatory, employees do have
the option of selecting which

fund manager they wish to"

handle their accounts. There
is immediate vesting of all pen-
sion payments, and the normal

















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surprised.
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sponsored by the
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- the case of expatriates, who

_ Saving plans, and national con-





Annual General Meeting















A reminder to all of our Doctors |
Hospital Health System shareholders
that your attendance at the 2008 Annual
General Meeting is very important to
us. The meeting will be held at the
British Colonial Hilton Hotel, Nassau,
Bahamas. We look forward to seeing

age of retirement on the island
is 60.
Mr Theriault added that in

must under Cayman law leave
the country after seven years,
the funds may be transferred
with them.

Hillary Deveaux, executive
director of the Securities Com-
mission of the Bahamas, told
the seminar that currently the
options available to Bahami-
ans were personal pensions or our shareholders there
tributions in the form of NIB
benefits, which primarily seek
to protect against absolute



poverty.
Cistentlypetsdual pension Location: British Colonial Hilton Hotd =
funds are not regulated by the
Securities Commission. Date Thursday, June 26, 2008
If a national plan is imple-
mented, Mr Deveaux said that Time 9:30pm

there would need to be addi-
tional legislation in place, and
fund managers would need to
be regulated.

He also stressed that if a
national pension plan did come
to the fore, there would need
to be investor education put in
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FROM page 1B

owed to its 494 clients, Mr
Kikivarakis said that apart
from commingled funds he had
also detected what appeared
to be an attempt to keep a sub-
stantial portion of the compa-
ny’s assets away from creditors
and the liquidation by trans-
ferring them to related enti-
ties.

He added that Caledonia’s
two most senior executives also
appeared to have transferred
‘$8 million worth of bonds, held
in trust on behalf of two
clients, without their permis-
sion to cover losses in the
problem account.

A copy of Mr Kikivarakis’s
report, which has been
obtained by Tribune Business,

Submit resumes to:

ecooke@coralwave.com or tel:

394-7019

for further information.

NOTICE

(In Compulsory Liquidation)
IN THE MATTER OF CORSAIRE LIMITED

gations thus far, the company
and its clients have suffered a
- loss of between $25-$26 mil-
lion, due to mismanagement

assets under its control.

“The loss was primarily
incurred by the trading of secu-
rities in the Ron. Wyles
account, but has impacted
more than 92 other clients,
whose assets were commingled
in an Omnibus Account, and
some 42 clients would have
had assets sold from their
accounts. However, other
accounts in the Portfolio of
Funds (mutual funds clients)
may also have been affected.”

AND IN THE MATTER of THE
INTERNATIONAL BUSINESS COMPANIES ACT Ch. 309
Statute Laws of The Bahamas, 2000 Edition

NOTICE IS HEREBY GIVEN that by Order of the Court dated
the 16th day of June, 2008, Mr. Lynden Maycock, of Higgs .
& Johnson of Ocean Centre, Montagu Foreshore, East Bay
Street, Nassau, Bahamas, has been appointed Liquidator of
the above-named Company.

Dated this 20th day of June, 2008. -

HIGGS & JOHNSON
Chambers
‘Ocean Centre, Montagu Foreshore
East Bay Street
Nassau, Bahamas
Attorneys for the Petitioner

their securities portfolios
“depleted partially or com-
pletely” between February 11-
. 12, 2008, the latter date being
when Caledonia was initially
put into voluntary liquidation



IS Bank of ‘The Bahamas

NOTICE

Notice is hereby given in accordance with Section 64 of the Securities Industry Act,
1999 that Mr. Samuel Haven has resigned from the Bank of The Bahamas Limited
effective June 19, 2008.

VACANCY FOR THE POSITION OF:
INTERNAL AUDITOR
MAJOR COMMERCIAL BANK

Core responsibilities:

e Performs operational and compliance audits and prepare comprehensive
reports in credit areas of all branches and departments.

¢ Performs audit reviews and audit testing for any major new system
implemented by the Bank.

e Reports any suspicious activity or possible fraud discovered.

° Reviews and verifies the Bank’s weekly and monthly consolidated
financial reports.

e Assists with special audit reviews, projects aid investigations.

¢ Assists external auditors during year-end audits.



Knowledge, Skills and Abilities:

¢ Detailed understanding of the credit (loan) process of the Bank.
¢ Strong written communication skills, in particular of audit terminology.
e Ability to communicate regulatory compliance information to internal

persons :

e Bachelor’s degree along with relevant professional certification or three
(3) to five (5) years of banking experience. ;

¢ Strong accounting and auditing skills to analyze financial statements.

¢ Computer literate — Ability to use Electronic Working papers, MS Word
and Excel.

Benefits include: Competitive salary commensurate with
experience and qualifications; Group Medical (includes dental and

vision) and Life Insurance; Pension Scheme.

Interested persons should apply no later than
— June 27, 2008 to:

DA 63503A
c/o The Tribune
P.O. BoxN3207

Nassau, Bahamas

Sone



semen

said: “From my initial investi-.

of the company’s fiduciary -

Those 42 clients had seen -



(later to become court-super-
vised),

Mr Kikivarakis, noting that
13 of those clients had lost
more than 50 per cent of the
value in their securities port-
folio, said these investors were
affected because the Canadi-
an broker through which Cale-
donia traded, Jitney, had sold
“the most marketable securi-
ties” owned by the Bahamian
broker/dealer and its clients to
cover losses from the Ron
Wyles account.

“The assets of the clients
should not have been pledged
or used as collateral without
their express consent,” Mr
Kikivarakis said. “Manage-
ment and directors of the com-
pany [Caledonia] were in
breach of their fiduciary duty
to protect their clients’ assets
by allowing Mr Wyles to trade
on margin without adequate
collateral......

“The company [Caledonia]
is accountable to its clients for
fiduciary assets held under its
management for approximate-
ly $104 million........ In my
opinion, the assets [fiduciary
and otherwise] currently avail-
able for distribution: to clients
will not represent a full recov-
ery of the assets managed by
the: company, and clients will
suffer losses.”

Given the nature of Caledo-
nia’s collapse and potential
scale of client losses, the
episode is another one that
could damage the Bahamas’
reputation as a ‘blue chip’

- international financial centre.

Nor does it reflect well on
Caledonia’s senior manage-
ment and directors, especially
its chairman, Matthew McNeil-
ly; managing director, William
Jennings; and senior vice-pres-
ident, Robert Dunkley.

Hinting that he and his attor-
ney, former Attorney-General
Alfred Sears, were consider-
ing legal action against some
‘of Caledonia’s senior execu-
tives, Mr Kikivarakis warned
that he was “receiving adyice
about possible claims by the

Broker’s executives ‘breached |

reduced to $268,113 oy

company against targets in the
Bahamas”.

The nature and scope of
legal action, though, will
depend on the Deloitte &
Touche partner’s ongoing
forensic investigation of Cale-
donia and its management, and
whether funding can be
secured from creditors/clients
to support the liquidation.

And the Securities Commis-
sion, Caledonia’s primary reg-
ulator, on February 13, 2008,
had written to Deborah Fraser,
director of legal affairs in the
Attorney General’s Office, set-
ting out its concerns over the
situation.

Among the Securities Com-
mission’s main concerns was a
“threat to the recovery of
investors’ funds” due to the.
transfer of client and company
assets from Caledonia to two
affiliated entities, Ecosse Cor-
porate Services and Ecosse
Management Services.

Mr Kikivarakis said the two
companies had the same direc-
tors, shareholders and man-
agement, having been formed

“on July 19, 2007, and licensed

as financial and corporate ser-
vices providers. Caledonia act-
ed as their registered agent.

The Securities Commission,
which has assumed the Inspec-
tor of Financial and Corporate
Services Providers responsi-
bilities, has refused to renew
the licences for both Ecosse
entities for 2008, the liquida-
tor’s report revealed.

“From my investigation thus
far, I have determined that
Ecosse Corporate and Ecosse
Management were capitalized
by assets transferred out of the
company [Caledonia] in cash
and kind, paid by [Caledonia]
to those companies or directly
through one of its sharehold-
ers,” Mr Kikivarakis wrote.

Some $1.453 million was

transferred from Caledonia to.
’ the Ecosse entities in this way,

resulting in Caledonia’s assets
of $906,099, and $641,776, in
shareholder equity as at
December 31, 2006, being

offered for the return of a HP laptop
with finger print control, lost from

parking lot of Outback Steak House
in May. Please call 326-5749




















New Providence:

Available spaces:

Grand Bahama:

Available spaces:

Cost (per week):

Bahamas National Trust

Summer Camp:
Dry Places and Wet Spaces

Have your children participate in
fun learning in the Outdoors

Ages:
Daily Hours: -

‘- return to Caledonia all client

5-12
8:30 am - 12:30 pm

July 21 - July 26 i

THE TRIBUNE | :



"
42h

$211,722 respectively as at the, -
February 12, 2008, liquidation
date. ss

Mr Kikivarakis said Caledo- ne
nia management admitted that.
the creation of the Ecosse enti-
ties, ostensibly to segment the, |
companies various business _,
streams, “coincided” with the,
start of trading losses and |
problems in the Ron Wyles ._,
account. ‘i

The liquidator said the trans- .,
fer of Caledonia’s corporate
and investment advisory busi-
nesses, by way of dividends to
the two Ecosse entities from
its retained earnings, meant
the former would “have had
to rebuild its operations and
would have to have been
recapitalized”. Among the
assets allegedly transferred
were Caledonia’s $40 million » »,
funds business.

In addition, a number st
Caledonia clients had seen
their assets transferred from
the commingled account with
the Canadian broker, Jitney,
to the Ecosse entities after the
Ron Wyles account started to
incur losses.

These clients “may have |
escaped a substantial Peart
of the loss incurred” by Cale- 5
donia, Mr Kikivarakis said,
with the company left with “no
sustainable operations and lit- |
tle capacity to generate rev-!
enue”.

He added: “No considera-
tion was given by Ecosse Cor- ;
porate and Ecosse Manager
ment to [Caledonia] for the.
transfer of the assets and oper-.
ations to them. It was there--
fore my opinion that the partial | |
transfer of assets, fiduciary or’
otherwise, and operations of
the company to Ecosse Se

Lo EAI ig gg RII

porate and Ecosse Manage- =
ment was without substance

operations should have been 7
returned to [Caledonia].” ea

As a result, Mr Kikivarakis 4
obtained a March 7, 2008, K
Supreme Court order requiring ;-
that the two Ecosse entities




and company. assets trans-
ferred to them since July 2007. !

Mr Kikivarakis recorded
how Caledonia’s road to ruin—
began in October-December
2006, when a retired broker, |
Ron Wyles, contacted Mr |
Dunkley at Caledonia to |
inquire about setting up a trad-
ing account for an associate,

5

|
|
SEE next page |
|
|
|

|
{
i
i
|
|
i



July 28 - August 2 |

Venue:

Venue:

July 7-11

The Rand Nature Centre,
East Settler's Way

35 (first come, first served basis)

$150 (non BNT Members)
$100 (BNT member)

For more information call:

352-5438 (Grand Bahama)

The Retreat, Village Road i

35 (first come, first served basis)

393-1317 (Nassau)

email: bnt@bnt.bs
THE TRIBUNE

IWVIMJINLY NE, VU uy BUUY, § WR Ul



fiduciary duty’ in $26m collapse

FROM page 4

George Georgiou. It was
opened in Mr Wyles’ name,
and structured as a $3 million
margin facility, meaning that
shares in companies would be
pledged as collateral.

Some $15 million in shares in
two Nasdaq companies were
supposed to have been pledged
as collateral, but this had not
happened when Caledonia
opened the account. Instead,
securities held in Mr Geor-.
giou’s wife’s name were
pledged as collateral instead,

but still nothing was placed
into Caledonia’s Jitney account
before trading started.

It was the failure to obtain
proper collateral for the Ron
Wyles account that ultimately
sunk Caledonia, and Mr Kiki-
varakis wrote: “Effectively, the
Ron Wyleés account was being
funded by Jitney, secured by
the pool of assets in the
Omnibus account, which com-
prised of other [Caledonia]
clients’ assets.”

In early 2007, some $6.194
million was advanced via two
loans to the Ron Wyles

account by Caledonia to pur-
chase shares in the two Nas-
daq campanies whose stocks
were originally supposed to
have been pledged as collater-
al. These loans have not been
repaid.

Mr Wyles and Mr Georgiou
then failed to comply with Jit-
ney’s limits on short-selling.
“To comply with Jitney’s new
trading limits, [Caledonia]
transferred approximately $8
million worth of bonds to Jit-
ney, such being held on behalf
of two clients,” Mr Kikivarakis
said.

IndiGo plans late
summer post-paid
Abaco launch













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.

Share your news

The Tribune wants to hear -

FROM page 1B

soft advertising in both Nassau
and Grand Bahama.

“We're seeing some good take-
up on the Voice over Internet Pro-
tocol residential product. We
turned the spigot on on that a
month ago in May, and are seeing
some good growth in that,” Mr
Hutton-Ashkenny added.

“We don’t want to become a
victim of our own success. We
want to make sure we give good
service, and exceed people’s
expectations and demands. We’ve
managed to do that very well.”

Are you interested in studying Law? Holborn College in conjunction with the Univer-
sity of Huddersfield is currently accepting students for the September session. To
learn more plan to attend an information session Wednesday July 2 at 6 p.m. at the
British Colonial Hilton Resort. Prof Michael Newns from the university will be in

citte cov attendance. Call Success Training College at 324-7770 to register.







Financial Intelligence Unit



DOCUMENT IMAGING CLERK

Applications are invited from suitably qualified persons for the post GF Document
Imaging Clerk at the Financial Intelligence Unit (the “FIU”).

JOB SUMMARY: .

The successful candidate will be responsible for coordinating and syecuing the
daily processes of prepping, scanning, indexing and verifying documents, managing
and maintaining high volume scanners and adhering to deadlines assigned by

‘management.
CRITICAL COMPETENCIES:
The successful applicant must have:
°. Strong Data Entry and keyboarding skills;
° A working knowledge of Microsoft Office Products (Word, Excel, Power
Point etc.);
° Pay attention to details, and takes pride in their work;
° Good interpersonal skills;
° Ability to effectively work individually or in a team environment;
° Competence in performing multiple functional tasks;
° Excellent communication skills both verbal and written.
KEY RESPONSIBILITIES:
° Responsible for retrieving files and returning them for filing;
ae Assemble and prepare documents for imaging;
? Scanning and indexing of documents for up to eight hours a day;
‘ Review imaged documents as a quality control measure to ensure
acceptable image was captured;
: Independently operate scanning hardware;
° Maintain all logs and reporting. documentation;
° Adhere to organizational procedures and guidelines;
° Perform other tasks as assigned by manager.



Director

EDUCATION & EXPERIENCE:

Anthony M. Johnson

Financial Intelligence Unit
P.O. Box SB 50086
Frederick Street

Nassau, Bahamas

Minimum requirement: An Associate Degree from an accredited tertiary
institution,
° Related experience is preferred but not required.

Interested persons should submit their applications and resumes in writing along
with the relevant certificates by 27 June 2008 to:





“The bonds were held in
trust by [Caledonia], through
Mr Jennings and Mr McNeilly,
who were trustees of the enti-
ties that owned the bonds. This
was done without reference to
these clients.”

As the Ron Wyles account

‘ position continued to deterio-

rate, Jitney advised Caledonia
that it would hold all securi-
ties in the company’s name as
collateral for the debt, some-
thing that ultimately led to the
February 11-12 sell-off and the
Bahamas-based broker/deal-
er’s liquidation.

INSIGHT

For the stories

behind the news, |
ie=y-Ce Mp -1(e/ 4) 4
on Mondays

ob







ea AB Mb occ umes
_na ‘
ee ; i a
eerie mae: imme

Rainbow Owners Open House
All Rainbow Cleaning Systems Owners are invited
to An Owners Open House

When: Saturday 28th June, 2008
Time: 10:00a.m. - 12:00p.m.
Venue:.Overflow Enterprises Ltd. yl
Royal Palm Mall, Mackey Street, dbove
Fashion Hall





Forgot how to use your Rainbos
Lost parts
- Need Supplies?
Need a refreshers demo
Owners Open House is where you need to be!!!

Phone: 394-5314 or 393-2159
Fax: (242) 393-2493
_Emalt: overflow@batelnet. bs |

ThePower
of Water

RARER

BIMINI BAY |

RESORT AND MARINA

Oni ly forty-eight nautical mies east of Mian), i
& Marina complex rests on over 740 acres a
alike, Birnini Bay Resort offers a Bie org of opti

Bimini Bay Resort & Marina seeks to hire professional individuals for the following positions:

HEAD CHEF: wil be responsible for the day-to-day operation of the kitchen to frain, supervise and work with
all cooks and culinary staff to prepare and ‘present food according to hotel standard recipes to create quality food

products.

REVENUE MANAGER: will be responsible to assist with overseeing the Reservation Department and maximize
overall hotel revenue through development and implementation of effective transient/group invemony and pricing
strategies based on future demand forecasts.

ROOMS MANAGER: will be responsible for short-term and long-term planning and day-to-day operations of |
rooms and related areas. Ensuring the effortless and seamless movement of guests in and out of the hotel and providing

exceptional levels of guest service throughout our guests’ stay.

SECURITY OFFICERS: will be ie for safeguarding resort/hotel property, assets, guests, visitors and

employees.

: We offer an exce i fits
For full consideration, all interested applic

at gbullard@biminibayreso com or fax: of é





VACANCY FOR THE POSITION OF:
ASSOCIATE, CREDIT DEPARTMENT
MAJOR COMMERCIAL BANK

Core responsibilities:

Prepares loan portfolio balance, loan repayments and loan payoff
reports using the Banks banking software.

Prepares accounting entries for posting via the Accounting Department.
Processes Loan applications for two main entities.

Prepares letters outlining loan portfolio balances as well administrative
fees debited from accounts.
Liaises and answers all queries from various 1s portfolio holders.

Audits work on a daily basis.

Knowledge, Skills and Abilities:

Core accounting/math skills to calculate, reconcile reports or files.
Basic knowledge of Bank operations to advise in or correct reconciliation

errors.

Oral and written communication shits to interact with associates and

external persons.

Computer literate — Ability to use Blecuenie Working papers, MS Word

and Excel.

Associates degree, or Institute of Pinanteal Services Certificate.

Benefits

include:

Competitive salary commensurate with

experience and qualifications; Group Medical (includes dental and
vision) and Life Insurance; Pension Scheme.

Interested persons should apply no-later than

June 27", 2008 to:

DA 63503B
c/o The Tribune
P.O. BoxN3207

Nassau, Bahamas


PAGE 6B, MONDAY, JUNE 23, 2008.

THE TRIBUNE



BUSINESS

wit

Regulators meet City Markets over its late financials

wy

@ tebe to: Oth Ftblott
Fanie}y OH) 5612534
www &Y.CONt

=i] ERNST & YOUNG

a Recunta Ernst & Young S.p.A.
Corso Vittorio Emanuele H. 83
34328 Tatinn

INDEPENDENT AUDITORS’ REPORT
PURSUANT TO ART. 156 OF LEGISLATIVE DECREE No. $8 OF FEBRUARY 24, 1998
nt (TRANSLATION FROM THE ORIGINAL ITALIAN TEXT)

; _ To the Shareholders of
! Intesa Sanpaolo S.p.A.

f 1. We have audited the consolidated financial statements of Intesa Sanpaolo S.p.A. and its

( subsidiaries (the Intesa Sanpaolo Group) as of and for the year ended December 31, 2007,
comprising the balance sheet, the statement of income, changes in shareholders’ equity and
cash flows and the related explanatory notes. These financial statements are the
responsibility of the Company's Management Board. Our responsibility is to express an
opinion on these financial statements based on our audit.

2... We conducted our audit in accordance with the auditing standards and procedures
recommended by CONSOB (the Italian Stock Exchange Regulatory Agency). In
accordance with such standards and procedures, we planned and performed our audit to
obtain the information necessary to determine whether the consolidated financial
statements are materially misstated and if such consolidated financial statements, taken as a
whole, may be’ relied upon. An audit ‘includes: examining, on a test basis, evidence
supporting the amounts and disclosures in the financial statements, as well as assessing the
appropriateness and correct application of the accounting principles and the reasonableness
of the estimates made by the Management Board. We believe that our audit provides a
reasonable basis for our opinion.

The consolidated financial statements include the comparative data of the preceding year.
As .described in the explanatory notes, the comparative information related to the
consolidated financial statements of the preceding year, on which we issued our auditors’
report on March 29, 2007, have.been modified pursuant to the International Financial
Reporting Standard 5. We have examined the methods adopted to restate the comparative
financial data for the same period of the preceding year and the information presented in
the explanatory notes in this respect for the purpose of our opinion on the consolidated
financial statements as of and for the year ended December 31, 2007.

. 3. In our opinion, the consolidated financial statements of Intesa Sanpaolo S.p.A. at December
31, 2007 have been’ prepared: in: accordance: with International: Financial Reporting
Standards as adopted by the European Union and with the measures isaued to implement
ast. 9 of the Italian Legislative Decree No. 38/2005; accordingly, they present clearly and
give a true and fair view of the financial position, the results of operations, the changes in
shareholders’ cquity and the cash flows of Intesa Sanpaolo S.p.A. (the Intesa Sanpaolo
Group) for the year then ended.

Turin, March 27, 2008

Reconta Emst & Young S.p.A.
Signed by: Guido Celona, partner

@ Recasts brent & Young Sp A,
Sede Legale, 0N14G Roma + Vis G.D. Rumagnon, 1A
Capmatr: Sociale © 7.304,500.00 iv.
iscratta alla 5.€). del Registro delle rps pov fe Cn di Rena
Confice tiscaie e numero di scrizione 10D 3400564
PS. 00898231003
betta all Albo Revisor Comtanili al n. 70945 Pubblicaty sutia G.U.
Suppl $3 - IV Seriv Speciate det 17/2/1996

FROM page 1B

interim statements that it can
publish.

Tribune Business under-
stands that the Securities Com-
mission is likely to have
pressed Bahamas Supermar-
kets directors to publish unau-
dited management accounts on
the company’s financial per-
formance, so that minority
investors holding some 22 per
cent of its issued share capital
can at least gain an insight into
its financial performance.

The last financial informa-
tion released by Bahamas
Supermarkets was published
in August 2007, providing an
update on its 2007 third quar-
ter performance, during which
net income dropped by $0.3
million from $1.9 million to
$1.6 million.

Since then, the company has
failed to publish its financials
for the 2007 fourth quarter and
year-end, which was June 30

last year, in addition to its 2008
first and second quarter audit-
ed statements. The third quar-
ter financials are due to be
published before June-end,
given that public companies
have 90 days after the period
ends within which to publish
interim statements, a deadline
that appears likely to be
missed.

Tribune Business under-

stands that one difficulty that

the Securities Commission has
in dealing with the Bahamas
Supermarkets situation is that
while public, the company is
not listed, since it trades on the
over-the-counter market, not
BISX.

While any BISX-listed com-
pany would likely have had
trading in its shares suspended
if it was caught up in a situa-
tion similar to that of Bahamas
Supermarkets, its non-listed
nature effectively gives it
another loophole to exploit in
the Securities Industry Act.

COMMONWEALTH OF THE BAHAMAS 2008

IN THE SUPREME COURT
Commercial Dion

COM/com/00011

IN THE MATTER OF THE NATIONAL INSURANCE
BOARD

AND

IN THE MATTER OF SECTION 187 OF THE
COMPANIES ACT CHAPTER 308

AND

IN THE MATTER OF THE ACTION OF THE NATIONAL
INSURANCE BOARD

©) Figures retative to Gruppo intess.



tscritts all’ Albo Speciale delle sorieta di

wevisione
Csmob af progressive 0. 2 defibera 5.10387 def 16772997

572,902

_ ° Gin nitions of euro)
Assets 31.12.2007. . © 31.92.2006“?
10. Cash and cash equivalents 3,463 1,895
20... Financiat assets held for trading 52,759 46,328
30. Parc ens deste eg eh rt no 19,9968 nce
40. ‘Financial assets aveltable for sate ir yy " ss18
50, investments held to matutity 5,923 2,623
60. Due from banks 62,839 30,363
70. Loens to customers 335,273 190,830
80. Hedging derivetives 3,017 873
90: Far whe haope fren eso hedped penton) 12 1
} 100. Investments in associates and companies subject to joint control 3522, “2183 =
ailopdeghe: ine alti i id parc | yt Vt 34 pene
z 120, Property and equipment 5,191 2,928
"130. intangible assets |” (2Ne ae
~ goodwill 17,587 . 926
140. Tax assets 3,639 + 2,502
a) current 1956” 1,100
: b) deferred : 1,683 1,402
150. Non-current assets held {ar sale and discontinued operations 4222 69
160. Other assets ; tax 10,390 4.089
mi ?
a,
.
Totel Assets 291,781



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 of 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 an 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 iy A.D.,

ene snanemeesoanenensuasemnnsanionieeeernionsamnen aeasiiietes tnmviial etgmenss

Consolidated balance sheet







10. Due to tanks : ' 67,688 39,954
20. Due to customers = BEL I 9g ship" 498933
30. ~ Securities issued 139,891 80,029
40. Financia! liabilities hela for vading : in 24,608 15,648
50, Financial abilities designated at fair value through profit and loss 27,270
60. Hedging dervatives { ; 2,236 ee
70. | Faie vaive change of Financia! liabiites in hedged portfolias (o/-) a Png
80. _Tax :abilities ve 3806 423 —St*«*S2iST
a) current ‘ ; 683 903
b) deferred 3,523 $71
90. Labsities associated with non-current assets ‘ i
“held forsale and Sscontinued operstions Hay aang 8. aA gy
$00. Other tiabitties . Ue ete 7951 am
110. Employee termination indemnities eee z 1,488 1,158:
120. Allowances tor risks and charges 493 2,115
2) post employment benefits 486 310
b) other allovsances 3,707 1,805
130, Technical reserves ; 21,571
140, Vaiuation reserves 639 1,208
150, Re:mbursabie shares
160. Equity instruments
170." Reserves ; 5.712 5,226
180. Share premium reserve 33,457 5,559
190. Share capite: 6,647 3,633
200. Treasury shares (-) : -2,207
210. Minority interests (+/-} ’ 791 852
220. Net income (ioss} 7,250 2,859





Figures relative to Gruppo intesa.



Interested persons may obtain a complete copy ot the Audited Accounts from SG Hambros Bank & Trust
(Bahamas) Limited, P.O. Box N-7788, West Bay Street, Nassau, The Bahamas.

2008.



Now, with the end of fiscal
2008 fast approaching on June
30, Bahamas Supermarkets is
in the unenviable position of
being almost a year late with its
financial statements.

The timely filing and disclo-
sure of public company finan-
cial information is key to main-
taining an orderly market in
their shares, through ensuring
that all investors have access
to the same data at the same
time. The longer Bahamas
Supermarkets’ financial remain
unpublished, the greater the
Opportunity that some
investors will have to access
‘inside information’ and exploit
that to their advantage.

The delay in the 2007 finan-
cial statements and audit has
been caused by the transition
from the former majority
shareholder, Winn-Dixie, to
the new owners, Bahamian
and Barbadian buyout group,
BSL Holdings, the consortium
that acquired the majority 78
per cent stake in Bahamas
Supermarkets for $54 million,
plus $2-$3 million in acquisi-
tion costs, in summer 2006.

The. audit problems have
stemmed from the fact that
Bahamas Supermarkets shed
Winn-Dixie’s operating sup-
port.and technology systems
in early 2007 — the second half

“of its financial year — without

any replacement accounting
system being in place.

This has forced KPMG audi-
tors to have to rely on manual
records when verifying the
financials, requiring them to
have gone through hundreds
of Point-of-Sale records from’
the company’s 12 stores to
build a sample large enough .
to be able to support their con-
clusions and give the Bahamas
Supermarkets accounts an
unqualified opinion. Given
that Bahamas Supermarkets
generates between $130-$140
million in annual sales, this is
no small task.

One source said Bahamas
Supermarkets had been “pen-

" ny wise and pound foolish”, as

its eagerness to exit a transi-
tion agreement with Winn-
Dixie — something that would
have caused it to pay $1 million

a year, plus a 5 per cent mark-
up on all goods purchased via
the US retailer — had left it
without replacement systems.
The early exit from the Tran-
sition Agreement saved
Bahamas Supermarkets
$500,000, but that could easily
be sucked up by extra audit
costs.

- Investors will also be eager
to see whether Bahamas
Supermarkets has remained
profitable, given that its BSL
Holdings majority owner is
reliant on dividends
upstreamed from the company
to service the $5 million pref-

. erence shares and $24 million

in bank debt (from Royal
Bank of Canada) it took on to
finance the acquisition.

BSL Holdings’ investors
include Barbados Shipping &
Trading, Fidelity’s private
equity arm, and the hotel
industry pension funds.

EMPLOYMENT
a Lf

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

Please apply to:

DA60743 |
c/o Tribune

P.O. Box N-3207
Nassau, Bahamas

or fax to (242) 328-2398


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THE TRIBUNE

MONDAY, JUNE 23, 2008, PAGE 7B:



Lo Lie i a
‘Abaco Markets Q1 profits hit by electricity spike.

FROM page 1B

said the food items where
import and Stamp duties were
eliminated in the 2008-2009
Budget would go “a long way”
to easing the burden on con-
sumers when it came to those
particular items.

While the 2 per cent Stamp
Duty reduction on another 160
items would have less of an
impact, the Abaco Markets
president told The Tribune:
“The disappointment foe us in
the Budget was that we were
hoping somehow the Govern-
ment would -do something on
price control. The margins on
price-controlled items have
gotten squeezed, and I’m sure
you’re hearing that from every
retailer and wholesaler. .

“We were hoping to have
some relief on that, but we did-
n’t.”

The problem for Bahamian
retailers and wholesalers when
it comes to price-controlled
items has been that the cost of
commodities that fall under
this status is changing so rapid-
ly that the Price Control
Department cannot respond
fast enough to requests for
price increases. As a result,
many retailers and wholesalers
end up making a loss on ship-
ments of price-controlled
goods they are forced to sell
at the old price, their mark-

ups being fixed.

Mr Watchorn said that with
“the sheer volume of price
increase requests coming
through the system, there are
going to be delays”, especially
given that multiple retailers
and wholesalers were often
submitting numerous requests
at the same time.

The Abaco Markets presi-
dent said dairy, wheat, grain
and oil-based food products
were. those that had seen the
sharpest price increases since
the New Year, with sugar the
only major commodity not to
experience a drastic increase.

As an example, while the
price of a gallon of milk was
on average $5 some 12 months
ago, Mr Watchorn said it was
not being sold to consumers in
Nassau at between $6-$8 per
gallon, a rise of 20 per cent or
more.

Meanwhile, Abaco Markets’
Domino’s Pizza brand is set to
open its 10th outlet later this
summer in the Seagrapes
Shopping Centre, Prince
Charles Drive, in eastern New
Providence.

“The lease was finalised a
couple of weeks back. We’ve
started work on it. We’re try-
ing for earlier, but aiming for
August” for the opening, Mr
Watchorn told The Tribune.

Abaco Markets has put its
spare cash into paying down





its preference share debt, with
some $420,000 having been
paid to investors in March, as
the company gears up for the
next $420,000 instalment due
by June-end.

The BISX-listed retail group
has accelerated repayment of
its preference share debt,
something it warned equity
shareholders would have a
slight impact on liquidity in fis-
cal 2008. This is because it is
starting repayments to Class B
shareholders a year early, as
the first payment to them is
not due until December 31,
2009.

Class A preference share-
holders received $1 million
from the company in 2007, and
are due to receive their final
$1 million payment by year-

. end.

Mr Watchorn explained that
the decision to begin repaying
the Class B preference share-

holders early was connected to
balance sheet management,
and the fact that the prefer-
ence shares had a higher rate
attached than the company’s
overdraft facility.

Meanwhile, Abaco Markets
is set to announce the hiring
of a vice-president to exclu-
sively deal with shrinkage
across all its stores.

“It’s still too high and
remains a focus for us,” Mr
Watchorn said of shrinkage.
“There’s a belief that US
inventory standards in shrink-
age are unattainable, which I
disagree with.”

In its annual report, Abaco
Markets said it had invested
$2 million in equipment and
inventory for its relocated Cost

Right Freeport store, and °

another $1 million into its
remodeled Cost Right Abaco
format.

The Cost Right chain’s 2007

NOTICE

IN THE ESTATE OF LOUISE ELIZABETH
TOOTE TYNES late of Warwick Terrace, Bail-

lou: Hills Estates in the Western District,

in the

Island of New Providence, one of the Islands in
the Commonwealth of The Bahamas, Deceased.

NOTICE is

hereby given

‘that. all persons

A em Ft fw OW

Legal Notice

NOTICE
WESTBROOKE CORP.

(In Voluntary Liquidation)

Notice is hereby given that the above-named Company
is in dissolution, which commenced on the 1st day of
April 2008. The Liquidator is Argosa Corp. Inc., P.O.
Box N-7757 Nassau, Bahamas.





| This notice replaces the publication of 23rd May 2008
| in this Gazette wherein WESTBROOKE VALLEY
| INC. was incorrectly referred to as being dissolved.

|

ARGOSA CORP. INC.
« (Liquidator)













LEGAL NOTICE OF DISSOLUTION




International Business Companies Act
(No.45 of 2000)




In Voluntary Liquidation








Notice is hereby given in accordance with Section 138 (8) of the
International Business Companies Act, No. 45 of 2000, ARAVAS
COMPANY LTD. has been completed, a Certificate of Dissolution
has been issued and the Company has therefore been struck off the
Register.





The date of completion of the dissolution was the 11th day of June,

Notice is hereby given that the Twenty-eigth (28th) An-
nual General Meeting of THE PUBLIC WORKERS’
CO-OPERATIVE CREDIT UNION LIMITED will
be held at The British Colonial Hilton Hotel, West Bay
Street, on Friday, July 4, 2008 pompmienging at 6:30 p.m.
for the following purposes:

° To receive the report of The Board of Directors.

* To receive the Audited Accounts for 2007

* To elect members of The Board of Directors, and
Supervisory Committee

¢ To discuss and approve the budget for 2009.

All eligible members wishing to run for a position on the
Board of Directors or Supervisory Commitee are asked to
submit their names to any of the Credit Union’s Offices
in Nassau or Freeport, no later than Friday, June 27, 2008










having any claims or demands against the above-
named Estate are requested to send the same duly
certified to the’ undersigned on or — before
Monday the 30th day of June 2008 after which
the Personal Representative will proceed to
distribute the assets of the Deceased among the
persons entitled thereto having regard only to the
claims of which the Personal Representative shall
then have had notice.

AND NOTICE is hereby also given that all
persons. indebted to the said Estate are requested
to make full settkement on or before the date

hereinbefore mentioned.

CASH, FOUNTAIN
Attorneys-at-Law
P.O.Box N-476

Armstrong Street
: _ Nassau, The Bahamas
“Attorneys for the Personal Representative



NOTICE

(No.46 of 2000)

BAYTOWN TECHNOLOGIES LIMITED
LIQUIDATOR’S NOTICE

PURSUANT TO SECTION 138 OF
THE INTERNATIONAL BUSINESS COMPANIES ACT

I, Luis Antonio Sotillo Mendez Liquidator of BAYTOWN TECH-
NOLOGIES LIMITED, hereby certify that the winding up and
dissolution of BAYTOWN TECHNOLOGIES LIMITED, has
been in acordance with the Articles of Dissolution.

Dated the 4th day of June 2008

Previous Close Today
1.84"



: Abaco Markets
11.59

11.80 Bahamas Property Fund 11.80
9.68 9.40 Bank of Bahamas 9.43
0.99 0.85 Benchmark 0.89
3.74 3.20 Bahamas Waste 3.49
2.70 1.42 Fidelity Bank 2.35
14.10 10.60 Cable Bahamas 14.00

Colina Holdings 2.87

3.15 2.21
8.50 4.80 Commonwealth Bank (S1) 7.28
7.22 3.23 Consolidated Water BDRs 3.43
3.00 2.20 Doctor's Hospital 2.90
}8.00 6.02: Famguard 8.00
13.01 12.50 Finco 12.50
14.75 11.79 FirstCaribbean Bank 11.79
6.10 5.05 Focol (S) 5.55
1.00 1.00 Focol Class B Preference 1.00
1.00 0.41 Freeport Concrete 0.44
8.00 6.79 ICD Utilities 6.79
: J.S. Johnson 12.00
10.00

Bid $
Bahamas Supermarkets 14.60
Caribbean Crossings (Pref) 6.00

0.35

41.00
Bahamas Supermarkets 14.60
Iding:



NAV
1.315228°*"

Fund Name i.
Colina Bond Fund

5S2wk-Low
1.2485

1.3152

3.0008 2.7399 Colina MSI Preferred Fund 2.998763°*""
1.3940 1.3451 Colina Money Market Fund 1.394008******
3.7969 3.2920 Fidelity Bahamas G & | Fund 3.6707**"
12.2142 11.6049 Fidelity Prime Income Fund 12.2142°°*
100.0000 100.0000 CFAL Global Bond Fund 100.00**
100.0000 98.2100 CFAL Global Equity Fund 99.956603*

1.0000
98346...

1.0000
10.5000

CFAL High Grade Bond Fund 1.00**
pened International Investment Fund 10.0060***
é Market Terms










INTERNATIONAL BUSINESS COMPANIES ACT.
























Fidelity Over-The-Counter Securitie
Ask $

Gélina Over-the-Counter Sée



“YIELD - last 12

by 4:00 p.m.

All members are urged to attend, and
refreshments will be served!





BISX ALL “SHARE INDEX - 19 Dec 02 = a4 2 000. 00
52wk-Hi - Highest closing price in last 52 weeks

Change - Change in closing price from day to day
Daily Vol. - Number of total shares traded today

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

52wk-Low - Lowent closing price in last 52 weeks
Previous Close - Previous day's weighted price for daily volume
Today's Close - Current day's weighted price for daily volume

DIV $ - Dividends per share paid in the last 12 months
P/E - Closing price divided by the last 12 month earnings

tive Date 7/11/2007
GAL BAS 80207096 | FIDELITY Bab Sb6-7764 | PS GARITAI

Bid $ - Buying price of Colina and Fidelity

Ask $ - Selling price of Colina and fidelity **'. 30 May 2008
Last Price - Last traded over-the-counter price 31 Apri 2008
Weekly Vol. - Trading volume of the prior week - 30 April 2008
EPS $ - A company's reported earnings per share forthe last i12mths «> tte + 13, June 2008

NAV - Net Asset Value
N/M - Not Meaningful
FINDEX - The Fidelity Bahamas Stock Index. January 1, 1994 = 100

Working capital increases of
$4 million in increased inven-,
tory balances for the Cost
Right stores in Freeport and.
Abaco were made in 2007,’
something Abaco Markets said, '
was unlikely to be repeated in:
fiscal 2008. The company was
also due to close the $2.2, mil-
lion net purchase of the

sales growth came mainly from
family and individual con-
sumers, and Abaco. Markets
said that in 2008 it would con-
centrate on growing sales from
small businesses. Also this fis-
cal year, the company plans to
roll-out the in-store pharma-
cy, bakery and wire transfer
services business trialled in its.

Solomon’s SuperCentre store Solomon’s SuperCentre-
in Nassau to the Freeport Freeport store it has been feas-.
store. ing since 2004 by May-end,

NOTICE

NOTICE is hereby given. that FRIDLAIS . FRANCOIS }

of MT. PLEASANT OFF KEMP ROAD, NASSAU, |
BAHAMAS, is applying to the Minister responsible for. !
Nationality and Citizenship, for registration/naturalization
as a citizen of The Bahamas, and that any person

who knows any reason aly registration/ naturalization |:
should not be granted, should send a written and signed :
statement of the facts within twenty-eight days from the
23RD day of JUNE 2008 to the Minister responsible for
Nationality and Citizenship: P.O. Box N- 7147, Nassau,
Bahamas.







COMMONWEALTH OF THE BAHAMAS
IN THE SUPREME COURT
Equity Division




cies 1436 uM






IN THE MATTER OF all that piece parcel or .
lot of land situate on the Southeastern corner of Union Village
and Wulff Road in the EasternDistrict of the Island of
New Providence one of the Islands of the Commonwealth of |
The Bahamas being, 9,424 sq. ft ;












AND



IN THE MATTER OF The Quieting Titles Act, 1959




. AND





IN THE MATTER OF The Petition of Betty Strachan




NOTICE





BETTY STRACHAN: the Petitioner claims:to be the -

owner in fee simple possession of the piece parcel or lot of iand |
hereinbefore described and has made application to the Su
Court of the Commonwealth of The Bahamas under Section 3 4
of the Quieting Titles Act to have the title to the said piece parcel.
or lot of land investigated and the nature and extent thereof |
determined and declared in a Certificate of Title to be granted |
by the Court in accordance with the: provisions of the Act.
Copies of a diagram or plan showing the position boundaries.
and shape marks and dimensions of the said pieces parcels and |
lots of land may be jungles during normal wuorne hours. at

i arene teil aan a

the followillE places: y a

(a) TheRegistry.of.the.Supreme:Court, Maishached|
‘House, East Street in the City of Nassau, New
Providence, The Bahamas. -

(b) The Chambérs of Davis & Co.; British Coloniab’
Hilton, Centre of Commerce, 4th Floor Suite 400, :
One Bay Street, Nassau, The. gene Aupmnpys
for the Petitioner: ‘










-
f ramisture PORTO? thie awit OM mya O WIN 4






























NOTICE is hereby given that any person GF petsons ;
having a right of Dower or an adverse claim not recognized in
the Petition shall within thirty (30) days after the appearance of ’
the Notice herein file in the Registry of The Supreme Court in ‘
the City of Nassau aforesaid and serve on the Petitioners or the.
undersigned a statement of-his claim in the prescribed form |
verified by an Affidavit to be filed therewith.

Failure of any such person to: file and serve a statement |
of claim within thirty (30) days herein will Hl operate, as.a bar to.
such claim.

%






Dated this 7th day of May A.D., 2008





DAVIS & CO.
Chambers. -,
qth Floor, Suite 400 3 CSA amassed
British Colonial Hilton =
Centre of Commerce eae
One Bay Street
Nassau, The Bahamas












EG CAP

TTAL MARKETS
BROKERAGE & ADVISORY SERVICES














ee i en Se

_EPS $ Div $



__Daily Vol.
1.84
















11.80 0.00 1.086 0.400
9.43 0.00 0.643 9.160
0.89 0.00 -0.647 9.030 a
3.49 0.00 0.209 0.090 3
2.35 0.00 0.055 0:040 z
14.00 0.00 ¥ 4.121 0.240
2.87 0.00 655 0.046 0.040 i
7.28 0.00 0.440 0.300 x
3.56 0.13 0.134 0.052
2.90 0.00 0.308 0.040 ‘
8.00 0.00 0.728 0.2860 ,
12.50 0.00 0.650 0.570 3
11.79 0.00 0.651 0.470 »
5.55 0.00 0.386 0.140 ee
1.00 0.00 0.000 0.000
0.44 0.00 0.035 0.000 9
6.79 0.00 0.411 0.300 t
12.00 . t



10.00





6.25
0.40
















Last 12 Months
5.47%
8.13%
3.82%
14.65%
5.73%



-0.07%
1.38%
-3.32%
2.35%








-0.04% -0.04%





















Fie Ae ne a
PAGE 8B, MONDAY, JUNE 23, 2008 THE TRIBUNE



felon ela











1 DONT SEE WHY HE CAN'T
BE GVIL JUST BECAUSE T
ACCIDENTALLY DROPPED A
DUFFEL BAG OVERBOARD AND
HE BROKE HIS GLASSES.

ARE YOU GOING TO TELL HIM
HE LEFT THE CAR LIGHTS ON
BACK WHERE WE GOT THE CANOE

Tribune Comics





JUDGE PARKER

I JUST HOPE
THINGS WORK








WE'LL SEE...
HE'S A

N A MINUTE---
WE'RE STILL

SO, TELL ME
ABOUT WHAT
YOU DID
TO THAT






RUNNING A
LAW OFFICE. f




Sudoku Puzzle

Sudoku is a number-placing puzzle based on a 9x9 grid with
several given numbers. The object is to place the numbers 1 to
9 in the empty squares so the each row, each column and each
3x3 box contains the same number only once. The difficulty
level of the Conceptis Sudoku increases from Monday to
Sunday :



COMPUTER SCREEN ALL
DAY~-DO YOU
MIND IF WE
SKIP THE
MOVIE,

TOME 2






















1 NEEO TO ROTATE MY HAMMOCK SO
IT WON'T BE FACING THE HOT SUN




THE FIRST DAY OF SUMMER IS MY
REMINOER TO TAKE THE CAR IN AND
HAVE THE TIRES ROTATED





le












“{ THINK DENNIS WOULD BE A COOP CANDIDATE
FOR THE FIRST KID ON THE MOON!”













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

Difficulty Level * *& *& & 6/21




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 fop. No number
may be used in the same block more than once. The difficulty
level of the Conceptis Kakuro increases from Monday to Sunday.



- www.Blondie.com








MOM \S
SUCH A

CONTROL
FREAK


























































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

















6/21







































AREN'T YOU SPOSE? YEAR, BUT MY. VAP tM GOING
7O BE CUTTING WON'T LET: ME USE THE OUT 0 GRAZE }
THE GKASS 7 POWER LAWN Mow ; bee tists

ER
[Qe
Etienne Bacrot y Radek Katod,
European club cup 2007, Elite
grandmasters enjoy positions
like today's puzzle when taking
on lesser lights. France's number
one Bacrot has two bishops
against two knights on an open
board, while the black army is
mostly squashed on the back
rows, Only Black's queen is





“ ROL IO
Chess 8567: 1 BS! Oxeds 2 Kol Oxdds 3 Ke? Oxt2ed
Kb3. Black is out of checks, while White threatens .
Qxf8 mate, Black tried 4..K48 S Bxf8 and then

i sesigned as White weil soon play 8d&+, Oxf8+ and

4: Qe? mate.




















My GREWI6 3 SINCE WHEN SINCE THEY DIDN'T GET , active, so that Bacrot apparently
‘ CRE ES a CAN WAT? THEIR "CHRISTMAS BONUS has to deal with the threat Qxed+
ee otting a few pawns, The —
SUMMER BONUS" = “\ P ;
nee Pen z a outcome was a surprise as Bacrot HOW many words of four
x YY 5 Beata death Pe h The letters or more can you make
é te made a threat of his own, then
NSS £ \ 2) s from the letters shown here? In
i dexterously manoeuvred his king Target making & word, each letter may
: ¥ N to escape the checks and force uses contain the cents Tie ne .
Z C Kalod's resignation. With these words in ere Rae he at least one
: : A clues; can you work out the the main ~Topav's- anaes: NO Plurals.
3 RAS finish? body of Good 18; very good 27;
5 \S AN x excellent 36 (or more).
AA eA Ne Chambers Solution tomorrow.
2ist YESTERDAY'S SOLUTION
cent cert cogent cone conger
Century CONGRUENT core com
= CRYPTIC PUZZLE 7 Dictionary cornet cote count counter
a — ! {1999 court crone cruet cure curt
i 7 | | Pe : | || edition eute cuter ecru Coenen

: b nonce once ounce recoun
| Across Down PaO LM eles teed | NON). ecto tore trounce true unco
mr 1. Parking, reversing 1 Have fun with a song at gael k a 5

/ badly, making | the piano (4) BHREREEEEBE s&s
e \ ajam(10) 2 Not at all simple to work B
2 6 Capital solo composition out in detail (9) Sataees
Does (4) 3 English course involving ? |i : | |
U 10 Collect for a service (5) translation of poems (5) 7
Cee 11 Arming the riotous is a 4 He provides French wine Pe lah oe
aN. horrifying experience (9) with the rent perhaps (7) Fe | Bae a
nr 12 Order gets round to a mili- 5 Possibly ignored a racial " 2 #
- tary unit (8) description (7) With a Little Bit of Luck
| a : 13 Turnover in coats (5) 7 Sarcastic note (5)
Le 15 Tugged both ways and 8 uberinuenets but missed , North dealer. of the opposing spades, about a 36
of very nearly crazy (7) Te something? (10) Neither side vulnerable. percent probability. Without the even
‘ : 17 Game could turn on deri- { 9: Stout fellow broke the law il 8 "| | ry a re NORTH split, declarer seems certain to lose a
ose |. sive cry in Irish assembly in the beginning (8) Pere dae ts PP ded | 40743 diamond trick.

C (7) ‘| 14 It doesn’t give a hoot! (7,3) | VA 107 But the fact is that the grand slam
19 We don’t like to see a pupil | 16 Achieve a win in 10 sec- 3 | | || | | 7 | | | A952 is a far better proposition, because it
ee painfully afflicted (7) onds flat (5,3) 2 AG also will succeed whenever either

: 21 Leave very little time to 18 Suddenly smile upon in a RES rin WEST EAST opponent holds four or more spades

I . reduce the sentence (3/4) strange way (2,7) #106 @J982 and the king of diamonds. This addi-

“a, |_| 22 Expert makes a wi 20 Point to‘article on board Down ¥352 ¥65 tional possibility was not lost on

N- remark (5) . ~ “guitable for consumption ul fonts : , , ~¢576 K 1084 South, who had no trouble bringing

|. 94 Th ide drinks f 7 z wal 1 At tirstsight (5,5) Ee Coripaerion ss) #1098542 &Q73 in the contract. :

So Sel Reo Erica ip @). . 21 ess the meeting N BS NICAS NG Coste) 2 Vague) SOUTH Declarer won the opening club

O | 27 Bemorettan toseavey | winicenararesave 7) |S | 10 Harmer) ee ee prep preted
. from hore (9) 23 On the move in East Iran ao. 11 Worthy (9) peals:to (7) ¢03. : See OF acne beck. ee

N- 28 Doctor goes after bad (5) 12 Get back again (8) 5 Asa Substitute (7) 2 a“ id S belore running the

5 : >= . : &K J rest of his trumps. On the last three

EE French port in Sweden (5) 25 Greek pigeon? (5) oO 13 Drainage channel (5) 7 Contaminate (5) The bidding: trumps he discarded dummy’s three

— | 29 Learning a new role (4) . 26 Control knob (4) ¢{ 15 Inauspicious (7) 8 Arbitrary (4-6) North East South West — small diamonds, retaining ‘all four

| 30 -Asore head needs treating Lu 17 Manner of speaking 9 Manufacturer (8) 1¢ Pass 24 Pass spades on the table opposite the
c with it! ao) (7) 14 Dejection (3,7) ay Pass 4NT Pass queen of diamonds and A-K-5 of

: ; ; d(7 | for (8 5@ Pass 7% spades in his hand.
Yesterday’s Cryptic Solution Yesterday’s Easy Solution ye ees 1G: Be oa eleva IOs) Opening lead — ten of clubs. In the meantime, East also had to

R 21 Mental reservation af Elewed (9) It goes without saying that an come down to four cards and could
: oO Across: 1 Crashes, 5 Slump, 8 Across: 1 On guard, 5 Cramp, 8 (7) 20 Notwithstanding (7) optimistic bidder is sure to encounter not find a safe discard on the last

"| Following, 9 Pug, 10 Salt, 12 Semicolon, 9 Cut, 10 Tidy, 12 22 Distinctive expres- 21 Drastic reorganisa- more opportunities for brilliant play trump. If he discarded a_ spade,

S | Impaired, 14 Immure, 15 Bleats, 17 Paganini,‘ 14 Rescue, 15 Lovely, 17 sion (5) tion (5-2) than a more cautious soul. dummy’s last spade would become a
: -de- fe tt 5 Take this case where South dis- ick, if he discarde > ki f

& | wichor 24 Extol 25 Madders, Jampackad, 24 Garat, 25 Numania, 24 Unwavering support: | 28 Deduce (5) Sivered via Blackwood tal isperl:.” diamonds instead, Soutaiwould Win
|). | Down: 1 Cuffs, 2 Awl, 3 Hoop, 4 Down: 1 Onset, 2 Gum, 3 Arch, 4 er (8) 25 A devastated region ner held three aces and then leapt to the last four tricks with the queen of

WwW Stigma, 5 Signally, 6 Upder case, 7 Dollar, 5 Cinnamon, 6 Architect, 7 27 Barren (9) (5) a grand slam without bothering to diamonds and A-K-Q of spades.

Oo Pagodas, 11 Limelight, 13 Free will, Petrify, 11 Dishonour, 13 Jumbo jet; 28 Become puffed up (5) | 26 Trudge (4) ask for kings. A more prudent South Since West would have found

â„¢ =| 14 Incense, 16 Harlem, 19 Lords, 20 14 Robotic, 16 Hammer, 19 Media, 29 Nimble (4) probably would have checked for himself in the identical predicament

R | Kind 23 Hoe 20 Balm, 23 Ki, 30 Invterat (46) Eee ee conpes Se a a ae aera

‘ after learning that the diamond king amond king, the grand sle S

D : Was missing. about a 3-1 favorite. All it required



Superficially, making 13 tricks
appears to depend on a 3-3 division
©2008 King Featu

was a pinch of optimism combined
with proper technique.

res Syndicate Inc.
_THE TRIBUNE

MK 2MGe

KPMG Telephone 242 393 2007
PO Box N 123 Fax 242 393 1772
Montague Sterling Centre Internet www.kpmg.com.bs

East Bay Street
Nassau, Bahamas

INDEPENDENT AUDITORS’ REPORT

To the Shareholder of Credit Suisse Wealth Management Limited

We have audited the accompanying consolidated balance sheet of Credit Suisse Wealth Management
Limited (“the Bank”) as at December 31, 2007, and a summary of significant accounting policies and
other explanatory notes (together “the consolidated financial statement”).

Management's Responsibility for the Consolidated Financial Statement

Management is responsible for the preparation and fair presentation of this consolidated financial
statement in accordance with International Financial Reporting Standards (“IFRS”). This responsibility
includes: designing, implementing and maintaining internal control relevant to the preparation and fair
presentation of the consolidated financial statement that is free from material misstatement, whether
due to fraud or error; selecting and applying appropriate accounting policies; and making accounting
estimates that are reasonable in the circumstances.

Auditors’ Responsibility

Our responsibility is to express an opinion on this consolidated financial statement based on our audit.
We conducted our audit in accordance with International Standards on Auditing. Those standards
require that we comply with ethical requirements and plan and perform the audit to obtain reasonable
assurance whether the consolidated financial statement is free of material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in
the consolidated financial statement. The procedures selected depend ‘on our judgment, including the
assessment of the risks of material misstatement of the consolidated financial statement, whether due to
fraud or error. In making those risk assessments, we consider internal control relevant to the Bank’s
preparation and fair presentation of the consolidated financial statement in order to design audit
procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion
on the effectiveness of the Bank’s internal control. An audit also includes evaluating the
appropriateness of accounting policies used and the reasonableness of accounting estimates made by
management, as well as evaluating the overall presentation of the consolidated financial statement.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for
our audit opinion. :

Opinion

In our opinion, the consolidated financial statement presents fairly, in all material respects, the financial
position of Credit Suisse Wealth Management Limited as at December 31, 2007 in accordance with

IFRS.

As more fully described in notes 1 and 2 (b) to the consolidated balance sheet, the Bank has assigned to
a related party substantially all assets and liabilities and therefore has surrendered its banking license.
As a result, the Bank has changed its basis of accounting from a going concern basis to a net realizable
eae) basis.

Emphasis of Matter

Without qualifying our opinion we emphasize that this consolidated financial statement does not
comprise a complete set of consolidated financial statements prepared in accordance with IFRS.
Information on results of operations, cash flows and changes in equity is necessary to obtain a complete
understanding of the financial position, performance and cash flows of the Bank.

KPMG

Chartered Accountants
Nassau, Bahamas
April 30, 2008

CREDIT SUISSE WEALTH MANAGEMENT LIMITED
Consolidated Balance Sheet

December 31, 2007, with corresponding figures for 2006
(Expressed in United States dollars)

eer ce
Note 2007 * 2006
Assets
Cash and cash equivalents 3&10 $, 1,260,821,192 1,081,118,266
Deposits with banks 3&10 11,324,125 2,527,029
Accrued interest receivable 10 2,924,631 3,063,163
Receivables from customers 8,575,392 3,181,802
Securities purchased under agreements to resell 8 & 10 14,750,832 14,832,079
’ Loans and advances to customers 4 112,784,038 60,169,243
Other assets 10 36,380,821 63,841
Total Assets : $ 1,447,561,031 — 1,164,955,423
Liabilities
Deposits from banks 5&10 §$ 64,263,672 48,395,401
Deposits from customers 6 1,289,219,458 . 1,032,058,793
Accrued interest payable 10 2,083,982 2,382,057
Fees received in advance from customers 126,300 134,700
Securities sold under agreements to repurchase 8 & 10 10,110,834 12,041,931
Service level agreement fees payable 10 _ 2,317,147 1,035,000
Other liabilities 10 6,797,511 9,571,144
Total Liabilities 1,374,918,904 1,105,619,026
Shareholder’s Equity
Share capital: ,

Authorized, issued and fully paid:

5,000,000 shares of $1.00 each 5,000,000 5,000,000
Contributed surplus 27,500,000 27,500,000
Retained earnings 40,142,127 26,836,397
Total Shareholder’s Equity 72,642,127 59,336,397
Commitments 7,8&9

Total Liabilities and Shareholder’s Equity $ 1,447,561,031 ‘ 1,164,955,423

See accompanying notes to consolidated balance sheet.

The consolidated balance sheet was approved on behalf of the Board of Directors on April 30, 2008 by
the following:

‘Martin Sutter Director Michael A. Ranson Director

CREDIT SUISSE WEALTH MANAGEMENT LIMITED

Notes to Consolidated Balance Sheet

December 31, 2007
(Expressed in United States dollars)



1. General information

Credit Suisse Wealth Management Limited ("the Bank") was incorporated on September 5, 2003
under the laws of the Commonwealth of The Bahamas (‘The Bahamas”) and is licensed under the
Banks and Trust Companies Regulation Act, 2000 to conduct international banking and trust
services. The Bank also holds a broker-dealer Class II license under the Securities Industry Act,
1999 to conduct securities trading and an unrestricted Fund Administrator’s license under the
Investment Funds Act, 2003 to administer investment funds. The Bank is a wholly-owned
subsidiary of Credit Suisse (Bahamas) Limited (‘the ‘Parent”) whose office is located in The
Bahamas. The ultimate parent company is the Credit Suisse Group whose headquarters is located
in Zurich, Switzerland.

The Bank commenced operations on January 2, 2004. The Bank’s business activities consist of
banking, securities trading, trust, corporate management, fund administration and other financial
services involving a large number of clients with substantial assets under administration.

The registered office of the Bank is located in The Bahamas Financial Centre, Shirley and Charlotte

MONDAY, JUNE 23, 2008, PAGE 98

Streets, Nassau, Bahamas. At December 31, 2007 the Bank employed 16 persons (2006 -
persons).

Effective January 1, 2008 the Bank for good and valuable consideration asiipied to Credit Suisse,
Nassau Branch substantially all the Bank’s rights, obligations, interests, benefits and advantages
(including without limitation, the benefit of all indemnities) in relation to all customer accounts
held by the Bank under the documents which have been signed or provided by the respective
customers or which contain information in respect of their relationships with the Bank, including,
but not limited to, current accounts, deposit accounts, custody: of safekeeping accounts, loan
facilities, collateral and security interests, and any and all such other relationships as well as all
other assets and liabilities as shown on the Bank's balance sheet as of December 31, 2007
(including any contingent liabilities).

At same date, the Bank sold to Credit Suisse, Zurich all shares held by the Bank in the below Matis
subsidiaries described in the Bank’s balance sheet as of December 31, 2007:

Vialink Nominees Ltd.
UTC Management Ltd.
Vialink Nominees (Bahamas) Limited
After these transactions the Bank surrendered its unrestricted non- -resident bank & trust license
which was replaced by a restricted nominee trust license granted by the Central Bank of The

Bahamas as of such date.

Summary of significant accounting policies
(a) Statement of compliance

The Bank’s consolidated balance sheet has been Prepared in accordance with International
Financial Reporting Standards (IFRS).

(b) Basis of preparation
The consolidated balance sheet has been prepared aidet the historical cost convention and the
accounting policies have been consistently applied.
In preparing the balance sheet, the Bank has adopted IFRS 7 (Financial ‘Instruments:

Disclosures) and IAS | (Presentation of Financial Statements - Capital Disclosures) which .

become effective on January 1, 2007. The adoption of IFRS 7 and the amendment to JAS 1
impacted the type and amount of disclosures made in this consolidated balance sheet, but had
no impact on the financial position of the Bank. In accordance with the transitional
requirements of the standards, the Bank has provided full comparative information.

Due to the decision to assign to a related party substantially all assets and liabilities as noted in
note 1 above, the Bank’s management has determined that the going concern assumption is no
longer appropriate. As a result, the Bank has changed its basis of accounting from the. going-
concern basis to the net realizable (settlement) basis. Due to the nature of the assignment
disclosed in note 1, management does not believe that there is a significant difference veabchdad
the net realizable (settlement) basis and the historical cost basis. :

(c) Basis of consolidation

The consolidated balance sheet include the accounts of the Bank and its wholly-owned
subsidiaries, Vialink Nominees Ltd., UTC Management Ltd. and Vialink Nominees (Bahamas)
Limited, all of which were incorporated under thé laws of The Bahamas. The activities of all
such subsidiaries are limited to the trust and corporate management services offered by the
Bank. :

Subsidiaries are entities controlled by the Bank. Control exists when the Bank has the power to
govern the financial and operating policies of an entity so as.to obtain benefits from its
activities. In assessing control, potential voting rights that presently are exercisable are taken
into account. The balance sheets of subsidiaries are included in the consolidated balance sheet
from the date that contrel commences until the date that control ceases.

Inter-company balances are eliminated in preparing the consolidated balance sheet.

(d,

~

Use of estimates

‘The preparation of the consolidated balance sheet requires management to make judgments,
estimates and assumptions that affect the application of accounting policies and the amounts
reported in the consolidated balance sheet and accompanying notes. : These estimates are based
on relevant information available at the balance sheet date and as such, actual results could
differ from those estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to
accounting estimates are recognized in the period in which the estimate is revised if the revision

affects only that period, or in the period of the revision and future periods if the 1 revision affects

both current and future periods.

In particular, information about significant areas of estimation uncertaiity® “and” ctitical

judgments in applying accounting policies that have the most significant effect'on the amounts
recognized in the consolidated balance sheet are described in notes 2(k) and 2(m).

(e) Foreign currency translation

The reporting and functional currency of the Bank is United States dollars, as the Bank’s share
capital is denominated in United States dollars, a significant amount of the Bank's transactions
are conducted in United Sites dollars and the majority of the Bank's assets are also held in this
currency.

Assets and liabilities maintained in foreign currencies are translated into United States dollars
at the rates of exchange prevailing at the balance sheet date.

() Financial instruments
Classification

Loans and advances are created by the Bank providing money to its customers other than those
created with the intention of short term profit taking. Loans and advances comerioe pans and
advances to customers other than purchased loans.

Held-to-maturity financial instruments are financial assets and liabilities with fixed or
determinable payments and fixed maturity that the Bank has the intent and ability to hold to

maturity. These include cash and cash equivalents (except deposits on demand), deposits with |

banks, deposits from banks, deposits from customers, securities purchased under agreements lo
resell and securities sold under agreements.to repurchase.

Financial liabilities that are not at fair value through profit and loss.are accrued interest
payable, fees received in advance from customers, investment management fee ee service
level agreement fees payable, and other liabilities.

Recognition

The Bank recognizes financial instruments on the day that funds are disbursed or received as
applicable.

Measurement

Financial instruments are measured initially at fair value, which normally will be equal to the .
transaction price, plus, in case of a financial instrument not at fair value through profit-or loss,
transaction costs that are directly attributable to the acquisition or issue. of the financial
instruments. For financial instruments at fair value through profit or loss, transaction costs that
are directly attributable to the acquisition or issue of the financial instruments are expensed
immediately.

Subsequent to initial recognition all non-trading financial liabilities, loans and advances and
held-to-maturity assets and liabilities are measured at amortized cost less impairment losses,
where applicable. Amortized cost is calculated using the effective interest rate method.

Derecognition
&

A financial asset is derecognized when the Bank loses contro! over the contractual rights that
comprise that asset. This occurs when the rights are realized, expire or are surrendered. A
financial liability is derecognized when its contractual sr obitedtions are discharged, cancelled or .
expire.

(g) Assets under management

The Bank is engaged in the provision of asset management services involving a large number
of clients with substantial funds under administration.

Property in the amount of $2,450 million (2006: $1,694 million) held by the Bank in a fiduciary
or agency capacity for its customers has not been included in this consolidated balance sheet
since such items are not assets of the Bank.

(kh) Receivables from customers

These receivables primarily comprise fees billed to clients. The Company's policy is not to
make a general provision for bad debts, however all amounts receivable are written-off after a
defined period of time has elapsed. As at December 31, 2007 and 2006, no provisions were
made against receivables from customers.

(i) Securities financing arrangements

The Bank enters into purchases (sales) of investments under agreements to resell (repurchase)
substantially identical investments at a certain date in the future at a fixed price. Investments
purchased subject to commitments to resell them at future dates are not recognized. The Bank,
under the terms of these agreements, has the right to pledge or sell the assets received. The
amounts paid are recognized in securities purchased under agreements to resell. The receivables
are collateralized by the underlying security.
PAGE 10B, MONDAY, JUNE 23, 2008

3.

4.

Cash and cash equivalents and deposits with banks
Cash and cash equivalents eam interest at annual rates ranging from 2.48% to 5.03% (2006: 1.87%
to 5.35%), and are summarized by currency below:
2007 2006
BRL ~ $10,902,661 3,299,462
CAD 15,505 77,737
CHF . 2,367,978 1,810,875
EUR 3 Betti 52,841,231 21,978,350
GBP 5 ; \ 350,553 1,454,719
JPY at 68,461 91,943
USD 1,193,953,456 1,052,332,574
Other. x 321,347 72,606
$ 1,260,821,192 1,081,118,266 ©
Deposits with banks earn interest at annual rates of 4.32% to 4.68% (2006: 3.58% to 5.31%) and
- are summarized by currency below:
2007 2006
. EUR . i $ 1,324,125 527,029
USD : 10,000,000 2,000,000
me § 11,324,125 2,527,029
rey eye
Loans and advances to customers
Loans and advances represent short-term advances provided by the Bank to customers. Their
maturity periods range less than 12 months and they ear interest up to 6.205% per annum (2006:
6.79%), and are summarized by currency below. With respect to a single client loan in the amount
of $30 million, the interest rate is fixed to 12 month LIBOR plus 1% per annum adjusted annually
on the anniversary of the loan. During the year the Bank recorded no losses resulting from non-
payment of interest or principal. All! loans are fully guaranteed by cash and security collateral
without any provision for impairment of losses.
ee eer
28 ee gE i Sa Nic OU pet 2008
BRL $ 2,978,123 . 88,756
EUR 4,119,769 2,549,274
USD a 105,685,936 57,531,209
Other ‘ 210 4
$ 112,784,038 60,169,243
Deposits from banks
2007 ___ 2006
Payable on demand $ 10,863,672 9,895,401
Term deposits é 53,400,000 38,500,000
$ 64,263,672 _ 48,395,401
Interest was paid on deposits from banks at annual rates ranging from 4.6% to 5.205% (2006:
5.19% to 5.41%), and are summarized by currency below:
2007 \ 2006
BRL + $ - 48,986
EUR 1,471,250 -
CAD 1apee - 69,431
USD sae 62,792,422 _ 48,276,984
$ 64,263,672 48,395,401
Deposits from customers ‘
2007 2006
Payable on demand aie $ 1,023,544,554 726,839,786
Term deposits 265,674,904 305,219,007
pes $ _1,289,219,458 1,032,058,793
Interest was paid on deposits from customers at annual rates ranging from 2.12% to 5.51% 2006:
1.80% to 5.20%), and are summarized by currency below:
2007 © 2006
BRL : $ 13,873,860 - 3,093,338
CHF 5 2,357,660 1,699,280
EUR 84,430,046 22,281,173
GBP : 270,959 1,574,459
JPY 5,008 3,050
USD 1,188,121,284 —1,003,398,461
Other 160,641 _|__ 9,032
$ — 1,289,219,458 1,032,058,793
Financial instruments

1,

The difference between the sale and repurchase considerations is recognized on an accrual basis
over the period of the transaction.

The Bank may pledge securities received as collateral to secure borrowings under repurchase
agreements. As these securities received and subsequently repledged are not owned or sold
short by the Bank, these securities are not recognized.

(i) Loans and advances to customers
Loans and advances are reported net of allowances to reflect the estimated recoverable
amounts.

(k) Impairment ;

Financial assets that are stated at cost or amortized cost are reviewed at each balance sheet date
to determine whether there is objective evidence of impairment. Financial assets are impaired
when objective evidence demonstrates that a loss event has occurred after the initial recognition
of the asset, and that the loss event me an impact on the future cash flows on the asset that can
be estimated reliably.

Objective evidence that financial assets are impaired can include default or delinquency by a
borrower, restructuring of a loan or advance by the Bank on terms that the Bank would not:
otherwise consider, indications that a borrower or issuer will enter bankruptcy, the
disappearance of an active market for a security, or other observable data relating to a group of
assets or economic conditions that correlate with defaults in the Bank.

If any such indication exists, the asset’s recoverable amount is estimated and the impairment
loss is recognized. If in a subsequent period the amount of an impairment loss recognized on a
financial asset carried at cost decreases and the decrease can be linked objectively to an event
occurring. after the write-down, the write-down is reversed.

() Offsetting

Financial assets and liabilities are set off and the net amount presented in the consolidated
balance sheet when, and only when, the Bank has the legal right to. set off the amounts and

intends either to settle on a net basis or to realize the asset and settle the liability

simultaneously.

(m) Provisions
A provision is recognized if, as a result of a past event, the Bank has a present legal or
constructive obligation that can be estimated reliably, and it is probable that an outflow of
economic benefits will be required to settle the obligation. Provisions are determined by
discounting the expected future cash flows at a rate that reflects current market assessments of
the time value of money and, where appropriate, the risks specific to the liability.

(n) Financial guarantees |

Financial guarantees are contracts that require the Bank ‘to make specified payments to
reimburse the holder for a loss it incurs because a specified debtor fails to make. payment when
due in accordance with the terms of a debt instrument.

Financial guarantee liabilities are initially recognized at their fair value, and the initial fair
value is amortized over the life of the financial guarantee. The guarantee liability is
subsequently carried at the higher of this amortized amount and the present value of any
expected payment (when a payment under the guarantee has become probable).

At December: 31, 2007, there were no financial guarantee liabilities recognized’ in the
consolidated balance sheet (2006 - $nil).































‘ The Bank is party to financial instruments with off-balance sheet risk and other derivative financial

(

THE TRIBUNE

instruments in the normal course of business to meet the financing needs of its customers.
Financial instruments include commitments to extend credit at fixed and floating rates, standby
letters of credit and currency swap agreements. These instruments involve, to varying degrees,
elements of credit and interest rate risk in excess of the amount recognized in the consolidated
balance sheet. However, the Bank's credit risk is minimal, since most of the instruments have been
entered into on behalf of clients.

The contract or notional amounts of financial instruments reflect the extent of the Bank's
involvement in particular classes of financial instruments and do not measure the Bank's exposure
to credit or market risks and do not necessarily represent the amounts exchanged by the parties to
the instruments. The amounts exchanged are based on the contractual notional amounts and the
other terms of the instruments. Notional amounts are not included in the consolidated balarice sheet
and generally exceed the future cash requirements relating to the instruments.

Credit risk f
Credit risk is the risk that a counterparty to a financial instrument will fail to discharge an
obligation or commitment that it has entered into with the Bank. The Bank has a credit policy in
place and the exposure to credit risk is monitored on an ongoing basis. Credit exposure is
controlled by counterparty limits that are reviewed and approved by the local risk management
committee and/or the risk management committee of the Parent. The Bank has a significant
concentration with its affiliated companies. At December 31, 2007 100% of the total loans given to
third parties (2006: 100%) are guaranteed by cash and/or security collateral.

The Bank has outstanding in the normal course of business, payment obligations and guarantees of
$46,582,095 (2006: $37,394,515). The Bank's maximum potential exposure to credit Joss in the
event of non-performance by the other parties to the commitments to extend credit is represented by
the contractual notional amount of those instruments. The Bank uses the same credit policies in
making commitments and conditional obligations as it does: for on-balance-sheet instruments.
Management does not anticipate any material loss as a result of these transactions.

Market risk

Market risk is the risk that there will be a change in the value of a financial instrument due to a
change in market conditions. The Bank minimizes the risk through various control policies,
monitoring procedures and hedging strategies. The Bank manages its exposure to interest rate
changes, liquidity and currency risk related to its portfolio of asset and liability deposits by
matching the majority of its assets and liabilities by currency and maturity. Accordingly, there is
minimal market risk exposure and therefore sensitivity analysis is not representative of a risk
inherent in the financial instruments.

The notional amount of financial instruments used by the Bank to manage interest rate and currency
risk for clients’ accounts at the balance sheet date was approximately $1.974 billion (2006: $518
million), comprised of $1,968 billion (2006: $344 million) of purchase commitments and $6
million (2006: $174 million) of sales commitments.

Interest rate risk

Interest rate risk is the risk that the value of a financial instrument may fluctuate significantly as a
result of changes in market interest rates. The Bank’s exposure to interest risk is monitored on a
regular basis through ensuring that the asset and liability transactions are contracted over similar
average terms and with a spread which provides the Bank with an adequate return. Its objective is
to manage the impact of interest rate changes on earnings.

Currency risk

Currency risk arises from the possibility that the value of a financial instrument will fluctuate due to
changes in foreign exchange rates. The Bank minimizes this risk by monitoring levels of foreign
currencies on a daily basis, matching the majority of its asséts and liabilities by currency and

closing out positions as appropriate. -

As of balance sheet date, the Bank’s assets and liabilities were denominated in United States
dollars, except for the following, which were either denominated or linked to other currencies as

follows:



2007 : 2006 ,
: Net -

Assets Liabilities exposure Assets Liabilities Net exposure
Brazilian real $ — 13,880,784 13,853,646 ~ 27,138 $ 3,388,218 3,142,507 245,711
Euro 57,100,950 85,863,873. (28,762;923) 25,062,527 24,272,537 =, - 789,990
British pound 350,555 270,959 79,596 1,454,719 1,574,459 (119,740)
Swiss franc 2,429,476 2,377,660 51,816 1,854,102 1,700,054 154,048
Japanese yen 68,461 5,008 63,453 91,943 3,050 88,893
Canadian dollar 15,505 307 15,198 77,737 69,430 . 8,307
Other 329,586 160,334 ee 169,252 80,847 9,032 71,815
Total $ 74,175,317. 102,531,787 (28,356,470) $ 32,010,093 30,771,069 1,239,024

The large net liability exposure at December 31, 2007 for the Euro is due to a timing difference
between the receipt of a customer’s deposit and the placement of funds by the Bank.

Fair value
Management estimates that the total fair values of financial assets and liabilities do not differ
materially from their carrying values given that average effective interest rates approximate the

current interest rates available to the Bank for placements and offered by the Bank for deposit
liabilities with similar maturities and due to their short term maturities.

Management does not consider the exposure to certain of these risks to be significant for the

following reasons: (1) the Company’s financial assets, for the most part, are comprised of short-
- term deposits with reputable financial institutions (primarily CS group entities), and (2) financial

liabilities are comprised primarily of amounts due to CS. group entities and customer demand
deposits.

Securities financing arrangements

‘The Bank purchases financial instruments under agreements to resell them at fuiure. dates. The

9.

seller commits to repurchase the same or similar instruments at an agreed future date. The securities
purchased under agreements to resell are entered into as arfacthity to provide funds to customers.

Alt December 31, 2007 securities purchased under agreements to resell were as follows:

2007





Fair value of





Carrying

_ assets held as amounts of

_ collateral receivable

Government bills and bonds "$16,952,785 14,750,832
2006

Fair value of Carrying

assets held as amounts of

collateral receivable

Government bills and bonds $ 17,232,542 14,832,079



The Bank has pledged securities received as collateral for securities purchased under agreements to
resell with a fair valye of $10,238,856 (2006: $10,276,008) to secure liabilities due under securities

’ sold under agreements to-repurchase as noted below.

Securities purchased under agreements to resell earned interest at annual rates ranging from 1.25%
to 5.25% at December 31, 2007 (2006: 4.65% to 5.85%).

The Bank also raises funds by selling or pledging financial instruments under agreements to repay
the funds by repurchasing the instruments at future dates at the same price plus interest at a
predetermined rate. The securities sold under agreements to repurchase are commonly used as a
tool for short-term financing of interest-bearing assets, depending on the prevailing interest rates.
At December 31, 2007 assets sold/pledged under agreements to repurchase were as follows:



2007
Fair value of Carrying amount of
underlying corresponding
assets liabilities
Government bills and bonds. $ 10,238,856 10,110,834



3.



Fair value of Carrying amount of

underlying corresponding
assets liabilities
Government bills and bonds $ 10,276,008 12,041,931



Securities sold under agreements to repurchase bore interest at an annual rate of 1.25% at
December 31, 2007 (2006: 4.60% to 5.10%).

Commitment

On June 26, 2006 the Bank entered into an Assignment and Assumpticn of Lease whereby the
Bank assumed all lease obligations under the terms of that certain Indenture of Lease dated as of
July 1, 2003 between Fincen Limited, as landlord, and Credit Suisse First Boston (Nassau) Branch -
(now known as Credit Suisse, Nassau Branch) and at the same time was released from the lease
with its parent previously scheduled to terminate on October 31, 2006. The Bank has the option to
renew its present lease until June 30, 2013. The minimum future annual rental commitment
excluding service charges is as follows:

‘ , f

Rees |

rcs cern rn RRS aaa rea A
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Year to
June 30, 2008 °
10. Related party balances

common control.

Commitment

$ 38,339

The Bank entered into various transactions with the Parent and other parties related by virtue of

The consolidated balance sheet includes the following related party balances:





party totaling $35,981,175 (2006: $nil).

Service level agreement fees

On October 1, 2003 the Bank entered into a service level

finance, accounting, information technology and communication services.

subject to annual re-negotiation.

2007 2006
Assets
| Cash and cash equivalents $ 1,223,280,325 —1,080,012,327
Deposits with banks 11,324,125 2,527,029
Accrued interest receivable 1,409,142 1,475,299
Securities purchased under agreements to resell 5,412,110 12,605,748
Other assets 35,981,175 -
Liabilities Sih
Deposits from banks “$-. 62,788,244 39,571,457
| Accrued interest payable “1,290,176 1,301,578
Securities sold under agreements to repurchase *- 10,110,834 © =
Service level agreements fee payable “vee 2,317,147 1,035,000
Other liabilities 4,796,088 5,512,707
Other assets

Included in other assets at December 31, 2007 are brokerage margin balances due from a related

agreement with the Parent to provide
The agreement ‘is

Effective January 3, 2005 the Bank entered into a service level agreement with an affiliated

2006
Europe America
ASSETS
Cash and cash equivalents $ 28,466,333 327,385,066
Deposits with banks 527,029 2,000,000
Accrued interest receivable 8,682 1,121,426
Reccivables from customers - -
Securities purchased under
agreements to resell - 7,175,748
Loans and advances to customers - -
Other asscis = -
$ 29,002,044 337,682,240
LIABILITIES
Deposits from banks $ 8,468,838 39,036,640
Deposits from customers 2,096,883 6,828,622
Accrued interest payable - 1,301,578
Fees received in advance from
customers - -
Securities sold under agreements
to repurchase - -
Service level agreement fees .
payable - -
Other liabilities 3,771
$ 10,569,492 47,166,840

14. Maturities of assets and liabilities

MONDAY, JUNE 23, 2008, PAGE 11B

Bahamas

725,243,837

1,887,616
3,181,802

2,226,331
52,774,820
13,002
785,327,408

879,784
653,248,740
437,102

. 134,700
2,313,298

1,035,000
9,567,373

667,615,998

Britain Other
21,687 1,343
21,961 23,478

5,430,000 a
- 7,394,423

- 50,839
5,473,648. 7,470,083
10,139 -
37,373,171 . 332,511,377
- 643,376

- 9,728,633

37,383,310 342,883,386

The following is a maturity analysis of selected assets and liabilities:

2007 ;
On demand:
ASSETS
Cash and cash equivalents $ 78,775,150
Deposits with banks -
Securities purchased under agreements to resell -
67,148,413

Loans and advances to customers

$ 145,923,563

Up to J year

1,182,046,042
11,324,125
14,750,832
45,635,625
1,253,756,624

Totals

1,081,118,266
2,527,029
3,063,163
3,181,802

14,832,079
60,169,243
63,841
1,164,955,423

48,395,401
1,032,058,793
0:382,057

134,700
12,041,93%

1,035,000
9,571,144

1,105,619,026

Total

1,260,821,192
11,324,125
14,750,832
112,784,038
1,399,680,187

LIABILITIES
Deposits from banks $
Deposits from customers
Sccuritics sold under agreements to repurchase
Fees received in advance from customers :
Service level agreement fecs payable
Other liabilities

10,863,672
1,023,544,554

$ 1,034,408,226

53,400,000 64,263,672
265,674,904 1,289,219,458
10,110,834 10,110,834

126,300 126,300

2,317,147 2,317,147

6,797,511
338,426,696

1,372,834,922

company to provide IT, operational support, risk coritrol, investment consulting and identification
of opportunities services. The agreement is subject to re-negotiation annually. 2006 ; . :

On demand Up to | year

The bank entered into an investment analysis agreement with Credit Suisse Consultoria de Toial

| 7
Investments Ltda (““CSCIL”) effective January 1, 2007. The annual fee is calculated'as 0.15% on

ASSETS

Cash and cash equivalents $ 17,876,750 1,063,241,516 1,081,118,266

asset under management. Deposits with banks - 2,527,029 2,527,029

i 7 : . * ‘ Sccuritics purchased under agreements (o rescll - 14,832,079 14,832,079

On December 23, 2004, the Bank entered into a service level agreement with Credit Suisse, Zurich cnt ei trivanens 1a cikiomes 21,352,545 38,816,698 60169243

* to house backup servers in Zurich and to provide some backup and maintenance routines in $. 39,229,295 1,119,417,322 1,158,646,617
connection therewith at an annual fee of CHF 9,940. Credit Suisse, Zurich has elected not to ee ; :

charge any.annual fees since the inception of this agreement. Deposits from banks $ 9,895,401 38,500,000 48,395,401

Deposits from customers 726,839,786 305,219,007 1,032,058,793

; Securities sold under agreements to repurchase - 12,041,931 12,041,931

Other Expenses ‘ Fees received in advance from customers * - _», 134,700 : 134,700

. : . : j edit Suisse Grou Service level agreement fees payable : = » 1,035,000 _* 1,035,000

Effective December 2005, the Bank entered into a pee Agreement with Cr : a Reaniieet ’ iE aisaiieds ait

Zurich to use the master ‘brand “CREDIT SUISSE” commercial and service trade marks an be Se Hosein RESULTS 7,103,236,969

variations thereof. The related payable of $nil (2006: $3,771) is included in other liabilities. The : re
15, Capital:management is ;

The Bank is subject to the regulations of the Central Bank of The Bahamas (‘Central Bank”). The
Central Bank requires all Banks to maintain a capital adequacy ratio of at least 8 percent of risk
weight assets-al all times. The capital adequacy ratio is calculated by dividing the Bank’s eligible
capital base by its risk-weightéd exposures. The Bank uses regulatory guidelines as the basis for the
calculation of the ratio. The risk asset ratio is calculated by dividing the Bank’s eligible capital base

by its risk-weighted exposures. At December 31, 2007, the Bank’s management is of the opinion

that the Bank meets the established minimum ratios established by the Central Bank.

agreement is subject to re-negotiation annually.

11. Asset management activities

The Bank provides asset management services for a large number of clients which include
individuals, corporations, trusts and other institutions involving substantial funds, whereby it holds
and manages assets or invests funds received in various financial instruments at the discretion of
the customer. The Bank receives fee and commission income for providing thes services. Assets
under management are not assets of the Bank and are not recognized in the consolidated balance
sheet. The Bank is not exposed to any credit risk relating to such placements, as it does not

guarantee these investments. The Bank es complied with the regulatory imposed capital requirements throughout the year.

12. Taxation

: : 2 ne? ; As at December 31, 2007, the Bank’s eligible capital is as follows:
Under the laws of The Bahamas, there are presently no income, withholding or capital gains taxes f j

a EEEEEEEEEEEEerd
.



payable by the Bank. 2007 2006
13. Concentration of assets and liabilities — z eS Tier 1 capital
hee, ; : SE Ordinary share capital $ 5,000,000 5,000,000
The following is a geographical analysis of assets and liabilities: Contributed surplus 27,500,000 27,500,000
Retained earings _. rg ay 2 40,142,127 26,836,397

2007
cae orenramran: eye FD ELE LEO SF I3 EB ramones wate TTT



Europe America Bahama

Britain’. ° > Other iTojals.iGey

yaar 2 t $i Bey “Senet bend aa Tet acest inkeTane pet oe

ASSETS

ee _ oe $ - 231,927,437 809,765,289 10,432,695 Re Oe Risk-weighted assets : a :
its with ban! - - Lo - 1324, 324, 2
wAberid fnuctan vecdl vabls - 689,291 1,989,523 245,817 2,924,631 Retail bank, corporate bank and central treasu $ 522,261,000 327,479,000
Se seas - - 8,575,392 - - 8,575,392 i 5 522,261,000... - 327,479,000.
agreements to resell - 5,412,110 9,338,722 - - 14,750,832 : :
Loans and advances to customers - 350,017 106,064,944 - 6,369,077 112,784,038 s
Other assets - 35,981,175 399,646 - - 36,380,821

Capital ratios
Total regulatory capital expressed as a percentage of

274,360,030 936,133,516 10,432,695 226,634,790 1,447,561,031

w“
'



ES 5 ’
LIABILITIES : total risk-weighted assets 14% 18%
Deposits from banks $ = 54,871,250 337,226 - 9,055,196 64,263,672 7 5
Deposits from customers - 50,996,904 802,750,694 41,846,485 393,625,375 1,289,219,458
Accrued interest payable - 1,376,760 362,941 - 344,281 2,083,982
Fees received in advance from
customers - - 126,300 - 3 44 126,300
Securities sold under agreements
to repurchase a 10,110,834 = - - 10,110,834
Service level agreement fees
payable - - 2,317,147 - - 2,317,147
Other liabilities - - 6,797,511 - - 6,797,511 .
$ - 117,355,748 812,691,819 41,846,485 403,024,852 1,374,918,904 ' >



PUBLIC NOTICE
INTENT-TO CHANGE NAME BY DEED POLL

The Public is hereby advised that |, DASHEIL DESHEA COX
of No. 5, Ideal Estates in-the Eastern District of the Island 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.

NOTICE |

Draft Partnership Announcement

PETER D. MAYNARD -
COUNSEL & ATTORNEYS

is pleased to announce the appointment of:

JASON T. MAYNARD

as a PARTNER of the firm. Mr. Maynard practices
in the areas of civil litigation including: insurance,
international fraud, asset recovery, insolvency and
debt collection; and commercial areas including:
resort development, conveyancing and mortgages.
He has gained extensive experience in these areas
|| as an Associate Attorney with the firm since 2001.
He is a graduate of McGill University, University of
London and BPP Law School where he obtained
a Bachelor of Arts, a Bachelor of Laws and
completed the Bar Vocational Course respectively.
He was called to the Bar of England and Wales and
The Bahamas Bar in 2001.

Ninth Annual Public Service Week

The Department of Public Service will host an
Essay Competition as one of the activities for the
Ninth Annual Public Service Week. The
‘Competition is open to Junior and Senior School
Students.

_ Students interested in participating should write
a 250-300 words (Junior High), and 450-500 words
(Senior High), essay on the topic: “The Public

Service - Focused on Improving Customer
Service.”

To the clients of
Knowles, McKay & Culmer
the office will be Closed on
the 24th June, 2008 due to the
passing of Mr. Conrad J. Knowles

| the father of our senior partner,
Mr. Paul A.C. Knowles.

The deadline for entries, which should be referred
to the attention of Ms. Antoinette Thompson,
Deputy Permanent Secretary, Departinent of Public
Service, is Friday, 27th June, 2008.

A Dell Desktop 2400 computer system will be

Peter D. Maynard :
y awarded to the winner in each category.

Counsel & Attorneys
Bay & Deveaux Sts.,
P.O. Box N-1000,
Nassau Bahamas,
Tel: 242 325 5335/9

The winners will be announced during the Ninth
Annual Public Service Week Awards Ceremony
scheduled for 11th October, 2008.



a
ae
PAGE 12B, MONDAY, JUNE 23, 2008 THE TRIBUNE

Minister defends
position on EPA

@ By CARA BRENNEN-BETHEL
Tribune Business Reporter





T) sag

position
available

| Registered ICU Nurse
Responsibilities
« Air medical transport of patients |
| » Administration of medication, oxygen and
intravenous fluids as indicated and outlined in the
Clinical Protocol Manual.
« Provide accurate and comprehensive verbal and
written medical reports.

_ deal that would allow straw vendors from,
say for instance, Asia, come and take all
the business away from Bahamian straw
vendors? It won’t happen.”

During his speech, Mr Laing gave a brief
history of the lead up to the EPA, stress-
ing that it has been in the works for a
number of years and was not something
the FNM government arbitrarily decided
to force on the Bahamian people.

prising that people
would think he was |
pushing for. an}

THE minister of state for finance, arrangement that
Zhivargo Laing, advised insurance execu- would wipe out the }
tives at a CLICO (Bahamas) luncheon rights of the Bahami- |
that the status quo on insurance services _ ans.
will remain intact under the Economic “T am a Bahamian,
Partnership Agreement (EPA) with the and whenever I
European Union (EU). negotiate.on your



Requirements:

« Holder of current Bahamian Licence.

* Must have at least three years experience post

_ graduation in emergency or critical care Medicine





: ; Mr Laing, giving the keynote address behalf, I. have ‘ He also used the analogy that globali-
» have current BLS & ALS Certification at the luncheon held to honour top per- Bahamians’ interest autvevato ean sation is like family- it is'a part of you
| = Must be independent, responsible with. good formers at the company, said the at heart,” Mr Laing g : whether or not you like it - and that trade”

liberalization is like a friend - you can
choose it; and you can choose the terms
for how it works. .

Bahamas’ EPA services offer reflects what said.
“J am the son of a straw vendor, so do
you really think that I would negotiate a

“communication skills
* attractive Compensation Package

is currently allowed by law in this nation.
Therefore, he said it was always sur-

CV should be sent
via e-mail to
gigi.airambulance

@coralwave.com by - Lfe
June 30, 2008. Air Ambulance Services itd



You are Cordially Invited to.
The Bahamas Chamber of Commerce

MEET THE ‘MINISTER
FORUM

“promoting Trade, Expanding Commerce,
Building Better Communities”

Thursday, June 26th, 2008
-8:00am-1:00pm:
Sandals Royal Bahamian Spa Resort
“. & Offshore Island
me Balmoral Ballroom

Pledse RSM.P. by Monday, June 23rd, 2 2008

Contact Ms. Antoinette Butler Tel:322-2145
Email: events@thebahamaschamber.com

Dress: Business Attire
Valet Service Available

SEN. THE HON, CLAIRE
HEPBURN, MP a

: HON. SIDNEY

Sponsored by:

Hanh? 1 998) i awe F
BOR MOA NETL Ald





THE Bahamas has been
chosen to host the 2008 ERA
Real Estate ‘Beyond Excel-
lence’ Conference, announced
Peter Dupuch, president of
ERA Dupuch Real Estate;
yesterday.

Scheduled for July. 20-23 at’
Atlantis, the conference is
expected.to draw hundreds of
top-performing ERA associ-
ates from up to 35 countries
around the world.

“This is the first time the
Bahamas has ever been select-
ed to host this prestigious ‘con-
ference and we are very proud
that it will be held in Nassau;”

said Mr Dupuch, who founded .

Dupuch Realty in 1993 .and
joined the ERA Real Estate
network with some 40,000 bro-
kers worldwide and 3,000
offices in the US, Europe and
the Caribbean, eight years lat-
er. For the past three years,
ERA Dupuch has been the
regional leader in sales for the
Caribbean and Bahamas.

news. “We }

Frank <=?
Comito, i
executive |
director and |
vice-presi- |
dent of the §
Bahamas‘:
Hotel: Asso- |
ciation, wel-
comeéd ‘the |

ate always |
pleased to’
hear that the
Bahamas
has landed a major conference.
It gives us an opportunity to
showcase our extraordinary

Pain Dupuch

tourism experience and we -
look forward to welcoming

them,” he said.

“We’re very proud that not
only is the Bahamas hosting
this exclusive by-invitation-
only conference, but five of
our Own agents have been cho-
sen to attend,” said Mr
Dupuch. “The conference
pulls together top performing



Top real estate conference
to be hosted in Bahamas’

ERA Real Estate associates
from.around the globe for
training in new market trends,
financing, campaigns, luxury
marketing and open discus-
sions and. sharing of success-
ful sales methods and tech-
niques.”

Top performing ERA

-Dupuch Real Estate agents:

Peter Dupuch, Ken Chaplin,
Dave McCorquodale, Kyla
Ralston and Carla Sweeting
have been invited to the con-
ference. Invitees must have
sold at least 50 units in the pre-
vious year to be eligible.

Adapting to changing
trends, ERA Dupuch Real
Estate last year jumped on
Bahamians’ renewed interest
in buying land in Family
Islands, expanding its opera-
tions from headquarters in an
historic cottage on East Bay
Street to.naming additional
agents in Abaco, Spanish
Wells, Eleuthera and Exuma
and Long Island.



FROM page 1B.

tional financial centres’ non-
inclusion on the EU’s list of
countries with “equally tough”
anti-money laundering and
anti-terror financing regimes
came as no surprise given sim-
ilar previous initiatives.

While acknowledging that it
would have been. “nice” if the
Bahamas had made the EU’s
list, as transactions and clients
originating in this nation would
have faced less due diligence
requirements from the EU’s
members, Mr Paton:said the
latest development did not
change the “status quo”.

He added: “Generally

. Speaking, although it’s unfor-

tunate they [the EU] would
take a position like this, as it
goes contrary to our OECD
commitment to negotiate in
good faith, at the end of the

‘ day it doesn’t change anything.

“The amount of due. dili-
gence that Bahamian compa-

* nies and clients already face in

trying to open a bank account
in the UK, Europe, is already
very stiff today, so I can’t see
an impact.”

‘ Mr Paton described the EU
‘white list’, and the fact that
countries not on it are likely
to face heightened due dili-
gence requirements, as anoth-
er indication of the continuing
challenges the Bahamas and

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its financial ‘services industry
will face from developed
nations.

Arguing that the EU list’s
members were chosen for
political reasons, Mr Paton
added: “Our due diligence and
anti-money laundering regime
is a lot tougher than a lot of
countries on that ‘white list’.

It’s'a-perception. issue, it’s a’.

political issue. I’m not losing
sleep over it.

“It’s going to force us to

come up with a comprehensive
policy vision on how ‘we posi-
tion the Bahamas strategically
going: forward. The BFSB is
looking at this issue, the Gov-
ernment is certainly trying to
put together a strategic plan.
Certain consultancies are bid-
ding on it, and the BFSB is
liaising - with the ‘Ministry of
Finance.
‘.““What’s more important is
for‘us as a-centre to decide
how we position ourselves over
the next three years going for-
ward.”

Brian Moree, senior partner
at McKinney, Bancroft &

Hughes, told The Tribune that .

by seemingly making it more
difficult for the Bahamas and
other international financial
centres to do.business with EU
members, the so-called ‘white
list? was designed “to create
leverage for the EU as they
attempt to impose their will on
international financial centres
around the world”.

“sTHis whole initiative seems
to:be another manifestation of
the EU:and some of its organs
basically trying to impose their
will on ofher international
financial centres in a way
which is not consistent with
international developments,”
Mr Morteé said.

“It seems to me to be anoth-
er inifidtive which is primarily
an anti-competitive initiative.
You're dealing primarily with
issues of competition, not anti-
money laundering, KYC and
anti-terror financing.”

‘By creating these difficulties,
the EU. was hoping.to force
international centres to adopt
its recommendations in order
to...obtain membership.
Describing this as “a most
unfortunate and inappropriate
approach”, Mr Moree added:
“In my view, the more trans-
parent and reasonable
approach would be to accept

there needs to be.a level play-
ing field, to the extent that they
would wish to see a comimit-
ment to good faith negotiations

_ without the threat of keeping

someone on a list or keeping
someone off a list”.

While’ there was a concern
that the anti-competitive
nature of the EU ‘white list’

could cost:the Bahamas busi-:

ness.and clients, Mr Moree

- said it was not yet clear

whether:this would become the
reality. The Bahamas could
only judge its impact when the
EU and its members attempt-
ed to implement it on the
ground.

“There is a.real concern it
could make doing business

- more difficult for countries. not

on the list. Whether it proves a
significant threat to our busi-
ness in. the Bahamas remains

‘to be seen,” Mr Moree told

The Tribune.

“It’s early days, and we will
have to wait and see how sig-
nificant this development is. I
don’t know if it’s going to be a
major issue or not.”

He added that it was diffi-
cult to.detect the criteria the
EU had used to determine”
membership of its “White List’,
citing the inclusion of coun-
tries that had not enjoyed a
good anti-money laundering
reputation in the past.

If the EU was trying to
assess the quality of Know
Your Customer (KYC), anti-
money laundering and anti-ter-
ror financing initiatives, Mr
Moree said it was “difficult to
understand how it can be said
that the Bahamas is not among
the top jurisdictions in the
world.

“It is simply an objective fact
that by international standards
the Bahamas has some of the
most comprehensive and
robust anti-money laundering
laws and anti-terror financing.
Our KYC standards are
among the highest in the
world.”

To combat the EY initiative,
Mr Moree said the Bahamas

’ needed to be proactive in “get-

ting the message out to all rel-
evant constituencies” and
show, through empirical data
and analyses that it had ‘the
most stringent KYC, anti-mon-
ey laundering, anti-terror
financing and corporate gov-
ernance laws in the world.
GN-702



NOTICE

_|| Ministry of National Security |
| = Office.of
The Parliamentary Commissioner

- PUBLIC NOTICE
PAGE 2, MONDAY, JUNE 23, 2008

Office of the Parliamentary Commissioner
PUBLIC NOTICE

The Parliamentary Commissioner wishes to inform the general public that in accordance
with Regulation (8) and subject to paragraph (2) of the Parliamentary Elections (Symbols
and Time Off) Regulations, 2002,

1. Every employer shall permit each of his employees who is registered as a
voter to be absent from his work on polling day during the hours of the poll
for two hours in addition to the normal meal hour, for the purpose of
voting. :

2. The provisions of paragraph (1) of this regulation shall not apply to an
employee whose work on polling day commences at or after ten 0’ clock in
the morning or concludes at or before four o’ clock in the afternoon.

3. No employer shall make any deduction from the pay or other remuneration
of any employee or impose upon or extract from him any penalty by reason
of his absence from his work during the period specified in paragraph (1) of
this Regulation.

4. Any employer who contravenes any of the provisions of this regulation
shall be guilty of an offence and liable on summary conviction to a fine not
exceeding one-thousand dollars or to a term of imprisonment not exceeding
six months.

Parliamentary Commissioner



Office of the Parliamentary Comunissioner
PUBLIC NOTICE

PROHIBITION ON SALE OF INTOXICATION
LIQUOR DURING POLLING HOURS
JUNE 26TH, 2008, LOCAL GOVERNMENT ELECTIONS

In connection with the Local Govenment Elections to be held on the 26"
day of June, 2008, the Parliamentary Commissioner wishes to remind the
publice that under Section 99 of the Parliamentary Elections Act, 1992, all
licences issued under the provisions of the Liquor Licences Act shall be
suspended in All Districts where elections are being held during the hours

of the day in which the poll is being held.

Any person selling, exposing or offering for sale any intoxicating liquor
during such hours, in the above Districts, shall be deemed to be so doing
while not holding a licence under the provisions of the Liquor Licences

Act.

Parliamentary Commissioner



Office of the Parliamentary Commissioner

PUBLIC NOTICE

ALLOCATION OF SYMBOLS FOR
JUNE 26â„¢ LOCAL GOVERNMENT ELECTIONS

In accordance with Section 17 (6) of the Local Government Act, 1996, the

Parliamentary Commissioner has assigned the following symbols to Candidates i in
the Local Government Elections to be held June 26", 2008.

North Abaco Constitasicy Polling Division 2
Crown Haven, Fox Town and Mount Hope
In the Little Abaco Town Area
Of the North Abaco District

CANDIDATE’S NAME SYMBOL

CURRY © Daniel Nathaniel

MCDERMOTT Norwood
MCINTOSH Joycelyn

MCINTOSH Leanath
MCINTOSH Leslie

MILLS Earlyn Elvern

RD Ce Ex

North Abaco Constituency Polling Division 3
Wood Cay and Cedar Harbour
In the Little Abaco Town Area
Of the North Abaco District

NAMES OF CANDIDATES SYMBOLS

RUSSELL Pete Rozelle

SAUNDERS Yvonne ny

THE TRIBL JE

North Abaco Constituency Polling Division 4
In the Cooper’s Town, Town Area
Of the North Abaco District

tN

NAMES OF CANDIDATES SYMBOL

x

CORNISH Ejnar
-
Y =
CORNISH Kirk Daniel Te
COX ___Patrice S. =

_EDGECOMBE __Garneth

@'@



. EDGECOMBE Gersil _= =
MCINTOSH Freddie , 5



_ SANDS __—_—s—“s“sEulean M.

x ;
di

SMITH Gary Anthon

North Abaco Constituency Polling Division 5
Fire Road and Black Wood
In the Cooper’s Town, Town Area
Of the North Abaco District





NAMES OF CANDIDATES





SYMBOLS :
L - Eric Gordon : ~
CORNISH Clyde Hemish | . gS :
WILLIAMS John & | .

North Abaco Constituency Polling Division 6
. The Treasure Cay Town Area
*Of the North Abaco District

NAMES OF CANDIDATES







BURROWS Deangelis
COOPER- FARRINGTON Cheryl , <
x
/ \’ =
MCKINNEY Stephanie Louise lS
PEDICAN Stephen F. v5

ROLLE 5 "i Godfrey Ir ee =

Â¥

RUSSELL Raymond

SMITH . Roberto pe i

South Abaco Constituency Polling Division 4,5 & 6
Marsh Harbour
In the Marsh Harbour & Spring City Town Area
Of the Central Abaco District



NAMES oF CANDIDATES Sears
ALBURY Lowell Ho” bee:

ALBURY Margo Sharon ¥

ARCHER 0 Carh GO
MALONE ___s Mike W. | =

PINDER —s———C—CéK andy’ Kay Mh
SAUNDERS «Ruth Pr
SAWYER ___ Chad Wilson p>
_SAWYER Danny Ross et
STURRUP-ROBERTS Kimberly Dawn det

' Se ‘
S =
THOMPSON Roscoe W. JIT ie



x
oe


THE TRIBUNE
North Abaco Constituency Polling Division 9 & 10
Dundas Town
The Dundas Town, Town Area
Of the Central Abaco District
NAMES OF CANDIDATES

CORNISH George Wilson

CORNISH Maguerita "Maggie"

INGRAHAM Cecil
KNOWLES Glenda

KNOWLES Stephen

MA.IOR Wanda

MAYCOCK Vashti “"d'shan"



MCINTOSH Sidney

MILLS Cay Shenell

NEWBOLD Faron

THOMPSON Kirklyn Douglas

WILLIAMS Augustine "Stenie"

WILLLAMS - Edward’ "Jimmy"

WILLIAMS — Larry

North Abaco Constituency Polling Division 8 & 11
Murphy Town

SYMBOLS



The Murphy Town, Town Area

Of the Central Abaco District

NAMES OF CANDIDATES.

ANTONIO-DEAN Karen



—BOODLE Don

BOODLE Rockling
CURRY “iv *:" Renardo
es Renardo
DAVIS Adriel Gilbert
ee eebert
DAVIS Cubell



——Lubell

DAWKINS Eugene Dudley
LOCKHART Sonith

——somath

MCDONALD Glenn Roy
eld A

SWAIN Bradley

+
SWAIN Paul Timothy _

_Tinker Jexell
—___Jexell

WINDER Justina

————Yustina

SYMBOLS



















South Abaco Constituency Polling Division 2
Man-O-War Cay Town Area
of the Hope Town District

NAMES OF CANDIDATES

ALBURY ; Andy Lee

ALBURY Grant Nicholas
a rnriarh oD





MCDONALD Haziel Wallace
SWEETING Jeremy Terris



SWEETING Philip Walter

WEATHERFORD Ray Christopher

SYMBOLS



___

South Abaco Constituency Polling Division 3

Hope Town, Town Area
of the Hope Town District

NAMES OF CANDIDATES
BETHEL Diane Elizabeth

CASH Austin Roy

MALONE Harold L.

__ MALONE Mark Stephen
_RUSSELL Lana Juanita
THOMPSON Roscoe Jr.

SYMBOLS





aa

MONDAY, JUNE 23, 2008,

South Abaco Constituency Polling Division 9
Casuarina Point and Bahama Palm Shores
The Cherokee Sound Town Area

Of the South Abaco District

NAMES OF CANDIDATES





ALBURY ; Reginald F.
ALBURY Sandra M.
HUDSON John Hamilton



)
{

MBOLS

&



@

Soa

2

South Abaco Constituency Polling Division 11
The Sandy Point Town Area
Of the South Abaco District

NAMES OF CANDIDATES















FOX : Ronn Edward
. LIGHTBOURNE | Arthur

LIGHTBOURNE Valeria Barbara

MCKINNEY Julia Carmen
MCKINNEY _ Robert J.
PINDER Donald R. Jr.
ROBERTS Deisha N.
ROBERTS Preston ome
HHITE Stanley Alfred



SYMBOLS



aM

(Wh

a





* ‘| © @

North Andros Constituency Polling Division 7

+

In the Mastic Point Town Area

Of the North Andros District

NAMES OF CANDIDATES
__GARDINER Harold

ROLLE Sheila M.

North Andros Constituency Polling
North Mastic Point

SYMBOLS

*

AGE 3

|
|



Â¥



Division 9

In the Mastic Point Town Area

Of the North Andros District

NAMES OF CANDIDATES







MUNNINGS Jamal Temeco
ROLLE Javon Navardo

- ROMER Anthony Ruebean
STORR James A. °

————sames Ae



NAMES OF CANDIDATES







FOWLER Jonathan Berkley
JOHNSON Tadra Jenny
NEWTON Jetlyn E.

OLIVER Willard Antonio



, SMITH James Edward

SYMBOLS







North Andros Constituency Polling Division 18
South Mastic Point
in the Mastic Point Town Area
Of the North Andros Dis

SYMBOLS







North Andros Constituency Polling Division 1

Lowe Sound
in the Lowe Sound Town Area
Of the North Andros District

NAMES GF CANDIDATES











EVANS Alton

EVANS Icealane Ganeya
RUSSELL _____—-Keith £.

RUSSELL McGreg _
RUSSELL . Nicolette Annalicia
STUBBS ___.._ Alfie _ 7
THOMPSON SS Rosevelt



SYMBOLS






ec ARC MEA OT DEAE LICE NAS LED AS EE OE I LT

Pe ROE ei SET

PIEPER Sr BRITE

0D TARE ATS I PREORDERS NP CR ETONN BIE IE TDI ITO SN NT IPE AA RESTS SE Di mA REPL:

TTS

awa.

Pee

A OSE UR CSe ATE ELEN

Sl te ee ee ee

Rewer anew awe

PAGE 4, MONDAY, JUNE 23, 2008

North Andros Constituency Polling Division:2

danda
Lowe Sound a P the Lowe Sound Town Area

Of the North Andros District

NAMES OF CANDIDATES











part of San Andros west of the Queen’s Highway

SYMBOLS





BARR 6 ROY IR § »
CLEARE Brian O'Neal at's
MOSS Sabrina >
SS
& =
OLIVER Geneva ae
ROLLE Preston ; ies
RUSSELL \ Loxwell @
North Andros Constituency Polling Division 3
Nicholl’s Town and Morgan’s Bluff
In the Nicholl’s Town, Town Area
Of the North Andros District
NAMES OF CANDIDATES SYMBOLS
EVANS Elcid Leroy soe he
SCOTT Daquin : a Lenn
WALLACE Timothy Seal
North Andros Constituency Polling Division 4
Nicholl’s Town and the part of San Andros east of Queen’s Highway
In the Nicholl’s Town, Town Area
Of the North Andros District
NAMES OF CANDIDATES SYMBOLS
ranville meee
‘EVANS ____ Bernard
spon TE



’

_ RUSSELL CC James





STORR : Bassiemae
| North Andros Constituency Polling Division 5
Conch Sound
In the Nicholl’s Town, Town Area
Of the North Andros District
NAMES OF CANDIDATES : SYMBOLS
>
NS —
MACKE igs Prine) i 2. __ al&
MILLER Ashwell Whitne uh

THE TRIBUNE

South Andros Constituency Polling Divisions 11 & 12
Autec, Andros Town, Fresh Creek, Calabash Bay,
Small Hope, Smail Hope Bay and Love Hill

In the Fresh Creek Town Area
Of the Central Andros District





































NAMES OF CANDIDATES SYMBOLS
*
ADDERLEY Dennis eee
AGARQ Colin 3 *
BODIE Seva Jane . Ab
DOUGLAS Peter
DUNCOMBE -MINNIS Theresa.
EMMANUEL Sandra 4
HANNA Rodney . 5 _
HINSEY _ Betty P. :
-HINSEY Christopher mt
MCQUEEN- STUBBS Donna x
. : =
XN —
PENN Cecil —~ als
STUBBS _ Mable BS
SWEETING Deon ao
_ THOMPSON Tavares T. at @
WRIGHT _Evelyn C,_





‘NAMES OF CANDIDATES

North Andros Constituency Polling Division 11

Stafford Creek
In the Staniard Creek Town Area
Of the Central Andros District

SYMBOLS



MURPHY Solomon aa
SHERMAN Wilfred. A.



South Andros Constituency Polling Division 1















Mars Bay pes
In the Deep Creek Town Area meu A ry Ske PRA AU 3
Cyan y & Of the South Andros District!‘ °\’: ae MN toa
NAMES OF CANDIDATES SYMBOLS
Bees sees ani
__BROWN Gloria & S
DUNCOMBE Pauline : &
MCINTOSH Louisette Rita 9
MOSS - | Wenzel

NIXON Anthony

NAMES OF CANDIDATES

South Andros Constituency Polling Division 3B

’Kemp’s Bay and Johnson’s Bay
In the Kemp’s Bay Town Area
Of the South Andros District





PRATT ni

South Andros Constituency Polling Division 9B
Cargill Creek and Man-O-War Sound

in the Behring Point & Cargill Creek Town Area

The Central Andros District

NAMES OF CANDIDATES

SYMBOLS



BAIN Joel se aa
BOWLEG Doreen g
; OH Dos
LEADON Terrance ae Bees
South Andros Constituency Polling Division 10
Bowen Sound Town Area
Of the Central Andros District
NAMES OF CANDIDATES SYMBOLS
())
ANDERSON Elan WW -
DARVILLE Kimberlyn a a
NESBITT Hayward mA









SYMBOLS
_JOHNSON-HEWITT Jacqueline UO
MILLER Charles *
PRATT Daniel : 4
RAHMING Joed _ 2
SMITH

Rosemary L.

een.

South Andros Constituency Polling Division 4

The Bluff Town Area

Of the South Andros District .

NAMES OF CANDIDATES













FERGUSON Gail . ‘
FERGUSON Tasha
LEWIS Royneil
MCKINNEY Jacquelyn
RAHMING Arnold E. _

_. ROLLE _Bernadtte
ROLLE Zebedee



SMITH-ROLLE Sophia Lithera

SYMBOLS




THE TRIBUNE

South Andros Constituency Polling Division 5A
High Rock and Duncombe Copice
In the Long Bay Cays Town Area
Of the South Andros District

°

-_NAMES OF CANDIDATES SYMBOLS

ROLLE Angela lakh ES SN
_STUART _ Nancie O.
South Andros Constituency Polling Division 5B
Long Bay Cays, Congo Town and Motion Town
In the Long Bay Cays Town Area
Of the South Andros District
NAMES OF CANDIDATES SYMBOLS ©

ADDERLEY : Aremina L.

Mary J.







FERGUSON: pak ihe ata

KNOWLES: koh 0) Derey es fp Bie

PRATT James... mere Tee

RAHMING __ Emily M. te i eb EE ENC

TAYLOR Kendal Cg NES GE ie

South Andros Constituency Polling Division 6
Drigg’s Hill
In the Long Bay Cays Town Area
Of the South Andros District.
NAMES OF CANDIDATES SYMBOLS
FELIZ. Diana ra
SB ESPNS ED HOG EY IMEN,

FORBES Shirley at

ai dn.) =
FORBES Vera Loleita L. met

Cat Island, Rum Cay & San Salvador Constituency Polling Division 1
Dumfries, Arthur’s Town and Zion Hill
In the Arthur’s Town, Town Area
Of the Cat Island District
NAMES OF CANDIDATES... SYMBOLS
DEAN Dwain Sr. A









ar oe
__RAHMING Melony Eliaine. APS eo
RUSSELL os ©

Cat Island, Rum Cay & San Salvador Constituency Polling Division 2
: Orange Creek
' In the Arthur’s Town. Town Area
Of the Cat Island District



NA





MES OF CANDIDATES SYMBOLS
CAMPBELL cuties : 4
feign Wittara Ivan - ,
PRATT Paul oi Sr. : > |

SMITH Jessie Viola | eS

Cat Island, Rum Cay & San Salvador Constituency Polling Division 3
Bennett’s Harbour, Stevenson, Industrious Hill, Gaitors,
The Bluff , Wilson Bay, Rokers & Thurston
In the Arthur's Town, Town Area
Of the Cat Island District







NAMES OF CANDIDATES SYMBOLS
SY SEES
—HEPBURN Emma Jene det
: SS
ROLLE ——____Derrick Eugene _ : 2 xe
—SIRACHAN, -Hancig ig
jue eit @
Cat Island, Rum Cay & San Salvador Constituency Polling Division 4
Cove, Tea Bay, Smith’s Bay & Knowles’
In the Bight Town Area
- Of-the-CatIsland District
NAMES OF CANDIDATES SYMBOLS
DORSETTE| Melissa Patricia ?



/



MUNDAY, JUINE Zo, cuyo, FHue ~~

Cat Island, Rum Cay & San Salvador Constituency Polling Division 5
New Bight
In the Bight Town Area
Of the Cat Island District

NAMES GF CANDIDATES SYMBOLS

KING Danson Gregory

KNOWLES Neca Cecelia

M

_RUSSELL Ezra Kelson

cee a y

SEYMOUR Valderine : =
cs Cat Island, Rum Cay & San Salvador Constituency Polling Division 6
Old Bight

In the Bight Town Area
Of the Cat Island District

NAMES OF CANDIDATES



|
-DANIELS “Alfred” _
HART Sheba Mae ; yi
WILSON Cedric Peter 5 > ied.

Cat Island, Rum Cay & San Salvador Constituency Polling Division 7
Bain Town, Port Howe and Zonicle Hill
In the Bight Town Area
Of the Cat Island District

NAMES OF CANDIDATES

BUTLER Kendal Joseph

HUNTER Ss Daiisymae pa

Cat Island, Rum Cay & San Salvador Constituency Polling Division 8
- McQueen’s and Devil Point











In the Bight Town Area
Of the Cat Island District
NAMES QF CANDIDATES SYMBOLS
SS
BURROWS _ Albert oe : eae
GILBERT _ ‘Nathaniel she
ie North Eleuthera Constituency Polling Division 12
The Gregory Town, Town Area
In the Central Eleuthera District
NAMES OF CANDIDATES SYMBOLS
-BASTIAN Loran Pedro at *
SELLE. Ricardo |
——_____Ricardo

CAMBRIDGE Kevin Keith
hee aa









DANIELS Joshua E.

i [Ve Se a
-FERNANDER _ Donald Audle . Q
GIBSON __ ‘Clarence Randolph i,
ee Larence Randoly 2
JOHNSON Jerome ienard Se

ER ae eT Sey
JOHNSON Michael E. aa
MINNIS; Larry Alphonso , | PD
s —_—_____Larry Alph : —
ROLLE Lonnie E. i
4 Aa
SS
SMITH : Gary Kindrick des :
North Eleuthera Constituency Polling Division 13
Alice Town & Hatchet Bay
The Hatchet Bay Town Area
In the Central Eleuthera District
NAMES OF CANDIDATES SYMBOLS
BAIN (SG vk OS Patrician! 74. Ah









DAVIS ‘Peter Lorenzo

FERNANDER _ Nickal Elizabeth f
PINDER Carol Donnalee 3
PINDER _ id Clarence Darren d
eae outa thlce SRS Al cane eich a .
PINDER __ _____Gershom Felix _ er a
-SCAVELLA, Kennedy | e
SCAVELLA Robert B. RH

ae Ge Ea ee, Tae et oeeranes sf mete Ek

SMITH Darrell. Oscar *s U)
eee TOLL Oscar
PAGE 6, MONDAY, JUNE 23, 2008

North Eleuthera Constituency Polling Division 14
The James Cistern & Rainbow Bay Town Area
In the Central Eleuthera District

NAMES OF CANDIDATES SYMBOLS

BETHEL Angelo Bruno

BETHEL Edmund Obrien Mh
BETHEL == Windsor Eleazar Sr. | ‘ ;
JOHNSON Isaac :
JOHNSON Timothy eb
ROLLE | Aretha _ - *
Lo
NBURGER Arthur Wade al& -
WHITE _ Edgar Velock iw
South Eleuthera Constituency Polling Divisions 11 & 12
* Palmetto Point Town Area
In the Central Eleuthera District
NAMES OF CANDIDATES SYMBOLS
BETHEL Ezra @
. 8
COOPER Addison M. ce
COOPER Elvis Frankl a :
_ COOPER Everette Kendal = 7
COOPER Inez Lagloria 7 m
Anthony "Tails" an t
DEAL George Benjamin __
i SON Hank Stephen Mi
ee as
ames e

_MINGO ____Delshire

:

‘MINGO ss George Frederick ae







SANDS Sammy Richard fet
STUART Livingston Paul "Winkie" me
<
. NS J
THOMPSON Francis Spencer are
South Eleuthera Constituency Polling Division 1
The Tarpum Bay Town Area
Of the South Eleuthera District
NAMES OF CANDIDATES SYMBOLS
ALLEN Henry T. ; = tC
ARMBRISTER Laverne Alicia at , ,
CAREY Dennis on
CAREY. Lawrence ©
HENFIELD Marie Jennifer =
JOHNSON Milton A. | Mh
KNOWLES Cleveland H. ‘YY

KNOWLES Henry Glen he 3 :

KNOWLES William P. ety

NOTTAGE Brenville M. 7 <4
a

SANDS Sherry Ann 7 cE

South Eleuthera Constituency Polling Division 2 & 3
The Rock Sound Town Area
Of the South Eleuthera District
NAMES OF CANDIDATES SYMBOLS
CURRY Robyn Jillian 53



DORSETT Michael Anthony Sr. =



FERNANDER Ricardo D. 9

NAMES OF CANDIDATES

__ THE TRIBUNE

South Eleuthera Constituency Polling Division 2 & 3
The Rock Sound Town Area
Of the South Eleuthera District

NAMES OF CANDIDATES SYMBOLS

HILTON :

Wellington Roscoe _

HORTON Ronald Lloyd



KEMP Philip Francis

KEMP Portia Michelle f :

MAYNARD ___ Patrick Charles db

SANDS ____ Chandra Danette

SANDS Jerry Jerome _

Jan Krishna... . a





South Eleuthera Constituency Polling Division 4
The Green Castle Town Area
Of the South Eleuthera District
NAMES OF CANDIDATES ; SYMBOLS

BUTLER i Larrie Teresa

LIGHTBOURNE Terre] Albert ent
RICHARDS Hilbert N.- <

RICHARDS-PETTY _ Lillian Elizabeth «



ROLLE Bertram Howard NO

SMITH — _Nora Che-Che



SWEETING Bernadette @

WRIGHT Donald

South Eleuthera Constituency Polling Division 5
Wemyss Bight, Millers and John Millars
The Wemyss Town Area
Of the South Eleuthera District

NAMES OF CANDIDATES SYMBOLS



tl oagtrnte

GIBSON Danielie C. EAs nue ilinst



MCKINNEY _ Adrean Maria
-RICHARDS Shenelle

_ROLLE-WILLIAMS Clara
SWEETING Ernest Arthur

_THOMPSON _ Clement Benedict O cs “

South Eleuthera Constituency Polling Division 6
Deep Creek -
In the Wemyss Bight Town Area
Of the South Eleuthera District

SYMBOLS

—ANDERSON _ Leviticus : Mi

MILLER Walter NW
PRATT Albert Whitfield

TAYLOR __ Nehemiah at

South Eleuthera Constituency Polling Division 7
Waterford
In the Wemyss Bight Town Area
Of the South Eleuthera District

NAMES OF CANDIDATES



SYMBOLS
JOLLY Jackson ai ;
WHYLLY Breon a h

South Eleuthera Constituency Polling Division 8
Bannerman Town
In the Wemyss Bight Town Area
Of the South Eleuthera District







“NAMES OF CANDIDATES SYMBOLS
BULLARD __ George Wellington § A __
|
MCPHEE Philip Anthony _













© THE TRIBUNE
Exuma Constituency Polling Division 8
The Forest
In the East Exuma Town Area
Of the Exuma District
NAMES OF CANDIDATES SYMBOLS
CLARKE Frederick B. x
F E Kirkyood we
Exuma Constituency Polling Division 9
Jimmy Hill, Mount Thompson and Ramsey
In the East Exuma Town Area
Of the Exuma District
SYMBOLS
NAMES OF CANDIDATES SYMBOL
DES
CLARK Tedd oo
CLARKE Teddy rs
))
ROLLE Gary Yincent ==



ROLLE. sdLeroy Thomas

Exuma Constituency Polling Division 10
Hermitage, Tar Bay and Moss Town

In the East Exuma Town Area
Of the Exuma District

NAMES OF CANDIDATES . SYMBOLS

'__ DEVBAUX Virginia



HOLBERT Kingsley a
Exuma Constituency Polling Division 11 & 14
George Town, Jolly Hall and Bahama Sound
-In the East Exuma Town Area
Of the Exuma District
NAMES OF CANDIDATES SYMBOLS

BOWE Eurika Kishna

BROWN Kevin



CARROLL Kenneth R.
\ S
’ —
_FISHER Ernest AL ala.
MCPHEE George K. Nd
ROLLE @

Livingston P.

NS Exuma Constituency Polling Division 12
pte Rolle Town and Hartswell :
Tn the East Exuma Town Area

STE
4

Of the Exuma District
NAMES GF CANDIDATES SYMBOLS
DAMES Leonard a
CURLING Bradford R. __ ee



ROLLE Bernard G. _ Si

Exuma Constituency Polling Division 13
Forbes Hill, Williams Town and The Ferry
In the East Exuma Town Area
Of the Exuma District

NAMES OF CANDIDATES





Godfrey M. a
THOMPSON Keith Edward s ,
TURNQUEST Arvin Peter = b _
Exuma Constituency Polling Division 4
Barreterre and Arnetts Track
In the West Exuma Town Area
Of the Exuma District
+ . \
NAMES OF CANDIDATES SYMBOLS
MCKENZIE Wayne M. } ‘
MUNROE Fadora _ :
Exuma Constituency Polling Division 6
Rolleville
In the West Exuma Town Area
Of the Exuma District
NAMES OF CANDIDATES SYMBOLS
"MCKENZIE Marvin A. _@ ,*3 f = = ee
MCPHEE Treva O'Brian SS U

aes
|

ITS

MUNNINGS Gary _ arene
POITIER Willamae | a _ 4 _
ROLLE Godfrey C. Ww _
ROLLE Quenton =>

MONDAY, JUNE 23, 2008, PAGE 7

Exuma Constituency Polling Division 7 & 15
Farmer’s Hill, Cilbert Grant, Steventon, Roker’s Point,
Harts, Ocean Bight & Calvin Hill

In the West Exuma Town Area
Of the Exuma District















































NAMES OF CANDIDATES SYMBOLS
ARMBRISTER Floyd Q. cn
DAVIS Glenn L. bs et
<=
_—s ~ x =>
GIBSON Albert Henry al&
MUNROE Glenro 3
NIXON Zeima ee
ROLLE Magnola :
SMITH Cecil L. Be
THOMPSON Robin Lynden :
High Rock Constituency Polliag Division 1
The Sweeting’s Cay Tow Area
In the East Grand Bahama District
NAMES OF CANDIDATES SYMBOLS
BEVANS Wilson Howard wees:
FEASTER Cardinal we
FEASTER. Floyd Jefferson Pasha aie
MITCHELL Calvin U —
PYFROM James Doral nore
TATE Bradley Leo 4h
TATE Shervin Nelson a 7
‘THOMAS Wilton ——

NAMES OF CANDIDATES

High Rock Constituency Polling Division 2
High Rock
In the High Rock Town Area
Of the East Grand Bahama District

SYMBOLS















BAILLOU “Pedyson H.

KNOWLES Geleta E. gy
MATHER Magdalene cys
MCINTOSH _ Elvenia
ROBERTS _Carlton



High Rock Constituency Polling Division 6
McCleans Town and Pelican Point -
In the High Rock Town Area’
The East Grand Bahama District









NAMES OF CANDIDATES SYMBOLS
HIGGS. Patrice Diane Ma :
THOMAS Joseph >
_THOMAS Philip >
Be,
LAING! |)" "awrencé a

_ NAMES OF CANDIDATES

MCINTOSH __

High Rock Constituency Polling Division 4
Freetown, Bevans Town, Gambier Point and Gold Rock Creek
In the Freetown Town Area
Of the East Grand Bahama District

SYMBOLS

x



a
S
NS =>
elie



Tyrone
MUNNINGS _._Angela Beverly
ROBERTS _ Brice



Dh

West End and Bimini Constituency Polling Division 1
In the West End Town Area
Of the West Grand Bahama District

SYMBOLS







coe*

|

Phillip Gordon =





NAMES OF CANDIDATES
FRITH _—SCsdDeloris _ - _
JONES Franchelle E.
MOORE _ Quentin
SMITH
_SWANN Frederick
WILCHCOMBE Morton 6&r.

i


PAGE 8, MONDAY, JUNE 23, 2008

West End and Bimini Constituency Polling Division 2
In the West End Town Area
Of the West Grand Bahama District

NAMES OF CANDIDATES SYMBOLS
ADDERLEY Jerrisma Mettiebell Wa
GARVEY Michael Antonio :
GREENE Mark ; iat
HANNA. Constance ae z
em
f vA
HANNA Edna al&



MCKENZIE _ Donald Casey
ROBERTS Cardinal M. aici
ROLLE Jerreth R. a
West End and Bimini Constituency Polling Division 3
In the West End Town Area
Of the West Grand Bahama District
NAMES OF CANDIDATES SYMBOLS

ALBURY Jeffrey P. . ae
MCKENZIE _ Arvell Ronald 7
MCQUEEN _Marvin R ae
SMITH _Kingsley Jr. in ° ee
WILCHCOMBE _. Morton Jr. aD

West End and Bimini Constituency Polling Division 4
Holmes Rock
In the Eight Mile Rock West Town Area
Of the West Grand Bahama District











NAMES OF CANDIDATES SYMBOLS
ROLLE _——sHolmes Edward ©
TUART Ken
STUART Threason | Mh
| NE SO CAE LR
j WALKER ~ Lorenzo Jr. 3 ; Wa

West End and Bimini Constituency Polling Division 5
Martin Hill
In the Eight Mile Rock West Town Area
Of the West Grand Bahama District

NAMES OF CANDIDATES SYMBOLS
DEAN ; ____ Sophie P. : 3
STUART@MCINTOSH Joyann eats
MORRIS “Kevin Lavar ;
ROBINSON __ Gilbert _s. oe Bid

West End and Bimini Constituency Polling Division 6
Seagrape :
In the Eight Mile Rock West Town Area
Of the West Grand Bahama District

NAMES OF CANDIDATES SYMBOLS

DELANCY Derick
_FRANCIS _ Natasha Helena
_LAWRENCE Tyrone

RIGBY Christopher Jonathan oy eek

West End and Bimini Constituency Polling Division 7
Jones Town
In the Eight Mile Rock West Town Area
Of the West Grand Bahama District







NAMES OF CANDIDATES SYMBOLS
d
FORBES = Joanna_ mn : _
MOULTRIE Glenvino | SEE
QUITEN ____ Clifford a oe a
SCOTT Samuel Frederick | ¥



ROLLINS

THE TRIBUNE

Eight Mile Rock Constituency Polling Division 6
Hepburn Town
In the Eight Mile Rock East Town Area
Of the West Grand Bahama District

NAMES OF CANDIDATES SYMBOLS
CLARKE Kevin ee ©

CURRY Harold V. b

ROLLE Charles Sylvester



«
_Carnetta Nw

Eight Mile Rock Constituency Polling D'vision.7
Bartlett
In the Eight Mile Rock East Town Area
Of the West Grand Bahama District

NAMES OF CANDIDATES SYMBOLS

Sean R. «<
-ROBINSON





RUSSELL __ Lindy Harris Ramat
WILDGOOSE Oniel : : re er ania ik
. Eight Mile Rock Constituency Polling Division 10 & 11
Pinedale

In the Eight Mile Rock Town-Area
Of the West Grand Bahama District



NAMES OF CANDIDATES SYMBOLS
GAREY? i. Minéssa) De iuuk 8 3,7 | ae



FORBES « Cheryl Marg ueritte



HEPBURN Vandyke C.J. . Gi

LIGHTBOURNE _ Auttea Claudine

KEMP ____ Roscoe R.
VEGA 2 James Alexander

Eight Mile Rock Constituency Polling Division 12
Martin Town & Russell Town
In the Pinder’s Point Town Area
Of the West Grand Bahama District







NAMES OF CANDIDATES SYMBOLS
BARTLETT ns ws x
coast ONT “Perry P. e PAGINA a et

. RODGERS Yanick Shaka ee CH

Eight Mile Rock Constituency Polling Division 13B
Hunters Town & Mack Town
» Inthe Pinder’s Point Town Area
Of the West Grand Bahama District













NAMES OF CANDIDATES SYMBOLS
—BEVANS _ Wilfred Leon ¥
JOHNSON Bertiadette.. -- a O
LEW US ot ee Simon : Q
LEWIS vidiacat "Teddy" : 4 :
e RUSSELL ; Georgianna ee W

Eight Mile Rock Constituency Polling Division J
Lewis Yard
In the Pinder’s Point Town Area
Of the West Grand Bahama District



NAMES OF CANDIDATES SYMBOLS
FORBES a Wayne Alexander Ass

| RUSSELL Linda Marie ore. —
RUSSELL Maydone J ede

RUSSELL Ruth Naomi . rye

Long Island and Ragged Island Constituency Polling Division 6
Millers and McKanns
In the North End Town Area
Of the Long Island District

NAMES OF CANDIDATES SYMBOLS f

aeeie a BOS

.

BOWE - KNOWLES Tryphenia B

__MARCELLO _ Lyn Veronica


THE TRIBUNE

Long Island and Ragged Island Constituency Polling Division.7
Millerton to Bunches
In the North End Town Area
Of the Long Island District

NAMES OF CANDIDATES SYMBOLS
ADDERLEY Christopher Ubaid _
PELECANOS Carolyn Louise

PINDER David Darin Jr. Mi.

Long Island and Ragged Island Constituency Polling Division 8
Stella Maris Glintons, Burnt Ground & Seymours

| In the North End Town Area

Of the Long Island District

SYMBOLS —s_—s





NAMES OF CANDIDATES
_ ADDERLEY _ Exodus Maxwell _&
BURROWS Eddington Alexander : , ,
(<>
DIXON Allen Richard = =
| met
SMITH Alvin Seow
<<
_SMITH Shervin Alvin the
} TAYLOR Wellington
Long Island and Ragged Island Constituency Polling Division 1
Morrisville te Gordon’s
In the South End Town Area
Of the Long Island District
NAMES OF CANDIDATES SYMBOLS
CARROLL Sandy Marietta x 7
CARTWRIGHT Maria - e
. aa . : ARDY
DEAN Daniel

Long Island and Ragged Island Constituency Polling Division 2
Clarence Town

In the South End Town Area

Of the Long Island District ' “' *

:
g
thity
4

ORS er:

NAMES OF CANDIDATES ..» SYMBOLS»
BAIN Vernice Annette
BOWE Delores Cecilia





= ¢ —_——.

Long Island and Ragged Island Constituency Polling Division 10
' Deadman’s Cay, Billy Bowe & Buckleys
In the South End Town Area
Of the Long Island District

NAMES OF CANDIDATES

SYMBOLS
CARTWRIGHT Thalburgh Coolidge ) A A

KNOWLES Ian Vaughn







KNOWLES Jude Augustine eee:
TURNQUEST Charles Hilton bb
Long Island and Ragged Island Constituency Polling Division 3
Cartwrights, Mckenzie, Mangrove Bush, Petty’s, Hamilton’s,
Benzie Hill, Scrub Hill and Turnbull
In the South End Town Area
Of the Long Island District

NAMES OF CANDIDATES - = SYMBOLS

CARTWRIGHT Cornelius Sean Mh

CARTWRIGHT Mathias Leonard >»

KNOWLES Bertis Bernard . .

Long Island and Ragged Island Constituency Polling Division 4
The Bight to Lower Deadman’s Cay
In the South End Town Area
Of the Long Island District

NAMES OF CANDIDATES

ADDERLEY ______—sBernard Augustus
—ADDERLEY _ Vandyke McDonald

Oe ee VON L

RITCHIE _ R

adcliffe Llewellyn



MONDAY, JUNE 23, 2008, PAGE 9

MICAL Constituency Polling Division 4
Lovely Bay, Chester’s, Pine Field and Anderson
The Acklins District

NAMES OF CANDIDATES SYMBOLS







COLLIE Derek a
COX Roston Philip _ __ UN - _
i .
GYD
JOHNSON 7 Isaac a



Clarence Oneil
Garron Orville =

WILLIAMS



WILLIAMSON

MICAL Constituency Polling Division 6
Pompey Bay, Spring Point, Delectable Bay,
Morant Bay & Binnacle Hill
In the Acklins District

NAMES OF CANDIDATES SYMBOLS

BULLARD











Terrence ———
CAMPBELL Marvin L. la
SN
XS =
FORBES Dianna al.
HANNA Kathy be io
ROLLE Copeland Franklyn fee



MICAL Constituency Polling Division 7
Salina Point
The Acklins District

NAMES OF CANDIDATES



SYMBOLS
FORBES Rufus Nathinel : 9
ROSE Steven Jr.



STYLES

Kevin Christopher | i a

North Andros Constituency Polling Division 8
The Berry Island District

NAMES OF CANDIDATES













SYMBOLS
-BARR_“g__ Norma Morrene 27. *
a es
_BUTLER Henry Lee @
ee at eens
CAREY Valentino

‘ _ oS
&



DEAN_______David Augustus





FRANCIS James "Tommy" _ .
ROLLE . Cardinal N. Mh
ROLLE Elorn Joyful ep
WALLACE Kevin Arlington 3



Exuma Constituency Polling Division 1
Highbourne Cay, Rat Cay and Staniel Cay
The Black Point District

NAMES OF CANDIDATES SYMBOLS





Lydia Senier *

Solomon L.E. Sd

Exuma Constituency Polling Division 2
Black Point
The Black Point District

COOPER



ROBINSON



NAMES OF CANDIDATES

SYMBOLS

ADDERLEY.









Aithea Maria
BROWN Barry
KEMP Ezra
ROLLE Dudley Hiram _
ROLLE Esther



ROLLE Loan Alfred




’

PAGE 10, JUNE 23, 2008

Exuma Constituency Polling Division 3
Farmer’s Cay and Darby Island
The Black Point District









THE TRIBUNE

North Abaco Constituency Polling Division 7
The Green Turtle Cay District















































’ NAMES OF CANDIDATES SYMBOLS NAMES OF CANDIDATES SYMBOLS
BURROWS Aiden ay ADDERLEY-OUTTEN Donald Richard _ x
ROLLE Alfred Rudolph ~ _ BETHELL David Lionel av
- CURRY William Gregory GO
Eight Mile Rock Constituency
Polling Divisions 3, 4, 5,13A,14 & 15 re (UO)
In the City of Freeport District JOHNSON Floyd Whitfield ==.
NAMES OF CANDIDATES SYMBOLS LOWE GebreceLonnie
LOWE Leonard Augustus 2 ‘a
ADAMS -NEWBOLD Gwendol Diane >
-RECKLEY Kirk "Juice"
FARRINGTON Urise Mae Sd
ROBERTS ____ Philip Kenneth e i
GIBSON Frazette Isadora . >»
SAWYER Brian Joseph eg
ae
eS
High Rock Constituency Polling Divisions 3, 7, 8, 9A, 10, 11, 12, 13 & 14 SAWYER ee a
In the City of Freeport District
, SAWYER R "Roddie" 2
NAMES OF CANDIDATES SYMBOLS aa %
North Abaco Constituency Polling Division 1
ade : The Grand Cay District
CAMPBELL Clement St. Clair * ‘
pe NAMES OF CANDIDATES SYMBOLS
CROWTHER-GOW _ April V.Y. ‘Dp | a
| : : COOPER B. Sheila fa
THOMPSON Fritzroy Carl ee, Mi i
: ; COOPER Wendeil
Lucaya Constituency Polling Division 1, 2, 3, 4, 5, 6, 7A, 8, 9, 10, Es
‘ 11,12, 13,14, 15,16 & 17 - CURRY" go fe Roosevelt
In the City of Freeport District - x *
: HIELD Alli
NAMES OF CANDIDATES SYMBOLS ae yz
. _ JOHNSON Theresa =
FOX Damien i , ; ROLLE Alphonso : FRANKS Philip Kendal Al ROLLE Doralyn | ; ue
SANDS Derick Walton fads RUSSELL ‘ George aadmatt aff ae =:
ue |
SMITH Cornelius A. Jr. RUSSELL L. Kennedy
S Oa * .
WILLIAMS Cedric Joseph Te North Eleuthera Constituency Polling Division 1, 2 &3
2 The Harbour Island District
ot, ‘ NAMES OF CANDIDATES
Marco City Constituency Polling Division 1-14 ; SYMBOLS -
In the City of Freeport District :
NAMES OF CANDIDATES SYMBOLS
ALBURY Nora Patrica .
x BARRY ‘ Antoine S
BOWE | “Felix Roy ON a a
BARRY Patrick

CURTIS Donald L.































Ferguson. __———s Kevin Rupert _ pits
} Mh HIGGS Troy J.
NEWTON-RU ; Ce Ee ;
Mh JOHNSON Darrell J. Mh
ROLLE ————szDerrrex Anderson _ a ;
-JOHNSON J.D. Eardley ‘P
Pineridge Constituency Polling Division 1-13 ye
In the City of Freeport JOHNSON ‘Sherol Marie =a
; Se ee Te EE,
NAMES OF CANDIDATES SYMBOLS JOHNSON Sob yewatie fn
Sal PERCENTIE Chanella Schedrena Ee
ALBURY Melvina Albertha ; —49_ a
si =>
ae PERCENTIE Jackswell Charles Te
COLLIE _Hansel oa Se
«x ROBERTS Daschiel Albert | uS
MART INBOROUGH William Hayward Fe te
ae ht oh +
MORRIS Shirley Mae pt ‘tyke
VA MICAL Constituency Polling Divisions 11 & 12
SMITH Ashley James : 2! The Inagua District

MICAL Constituency Polling Division 2
Cabbage Hill, Fairfield and Church Grove
In the Crooked Island and Long Cay District



NAMES OF CANDIDATES SYMBOLS
CUNNINGHAM David A. ae.

FERGUSON Habakkuk nM
THOMPSON Timothy Avon et

NAMES OF CANDIDATES

SYMBOLS







CLARE Allan Clyde _
FAWKES Jennifer
FERGUSON _—s——(§ «5s Joicelin Vienna

~ INGRAHAM _ Colin Roderick
INGRAHAM



Richard Alexander


sy

TE TE eT a I TNA AEC Pa RA RT ern hr nacre

Le APART 2 EIT UIE Ba” ORE PIO LOSE ES TE TER



THE TRIBUNE
MICAL Constituency Polling Divisions 11 & 12
The Inagua District
JAMES OF CANDIDATES SYMBOLS
LLY Freeman M. Sr. Mw
MCINTOSH Muriel A. >
MORLEY Charles , ae! qj =
ROKER Helen:..Rosemar at
ROKER Ronald Lee x
>
1 Xx =
E Clayvone Lloyd af
EYMOUR Randol Sr.

NAMES OF CANDIDATES

TURNQUEST _Leon A.

'® hes

South Andros Constituency Polling Division 7 & 8

Lisbon Creek, Victoria Point, Blue Hole, Orange Hill, Grants, Peats,

BAIN Henry Churten
BOWLEG Andy Anthony

BOWLEG Sidney

Dorsette, Swains, Pinders, Burnt Rock & Little Harbour
In the Mangrove Cay District

SYMBOLS

BULLARD = Garnett =.

‘

SAUNDERS —sLynward



Bullard Wayne Harris :

GRAY -BRAYNEN

GREEN George a

GREENE

—_
JOLLY Jeffre

KING Patrick _

KING

MCKENZIE

MOXEY

MOXEY Ralph r"

PENNERMAN

_SAUNDERS _

-STUBBS _._+___=—-Dwayne Wilfred

STUBBS

Donald A.



Lenora Jane

Glen

Rochelle Danica : al



Rosemarie "Rose"



Brian Calton

David _



Vernice Laverne
MICAL Constituency Polling Division 9
Abraham’s Bay
In the Mayaguana District
NAMES OF CANDIDATES SYMBOLS
BROOKS Deborah
BROWN Cleveland

CHARLTON Audrey Laverne

JOSEPH Leroy
MOSS Shandika Shanelle

NAMES OF CANDIDATES

Earnel Alexander

TON

EDWARDS

WILLIAMSON Huel A.

MICAL Constituency Polling Division 10A
Pirates Well
In the Mayaguana District

\ 1B cy @ei*

SYMBOLS

ip

Eduardo

a
a met

ee
-_—_—_——

NAMES OF CANDIDATES

NAMES GF CANDIDATES

HUDSON



JOSEPH

ivingston Lero

MCDONALD __—ss§ «arom Re

NEILY }

NAMES OF CANDIDATES

BULLARD __-_—Wendell Mark)

JOHNSON
JOHNSON Dominic Troy : ;



MCDONALD __ Mekal David
- A
WOODSIDE Bettyann .
con IS) 3 dae a i ————
.Cat Island, Rum Cay & San Salvador Constituency
Polling Division 9
The Rum Cay District
NAMES OF CANDIDATES SYMBOLS
BAIN _Treve oO
- CASH ; Jerome ‘
DORSETTE Errol b.
FRANKS

NAMES OF CANDIDATES

MONDAY, JUNE 23, 2008, PAGE 11

South Abaco Constituency Polling Division 12
The Bight and Hard Bargin ‘
The Moore’s Island District

SYMBOLS

‘Sy

North Eleuthera Constituency Polling Division 9
, The Bluff
In the North Eleuthera District

SYMBOLS

*

Rosetta Elizabeth —.

Â¥

_o&

Hodnee

. O

Daron R. >

@

Anthony Maxwell

North Eleuthera Constituency Polling Division 10
" Lower Bogue
The North Eleuthera District

-SYMBOLS



Desmond Charles

Rochelle Loretta

JOHNSON-HARDING _Synovia

_KNOWLES irkland
STRACHAN _ Jefferson
STRACHAN Shirley E. :

Cat Island, Rum Cay & San Salvador Constituency
Polling Division 11
United Estates to Polly Hill
In the San Salvador District

HALL Eric Alexander aS
MAJOR : _ Ishmael Terrance ;
STORR an Patterson f
STORR che Rennard David 7 &

SYMBOLS



DAME _____Jlomny___

KNOWLES _—— i Cédattricia Rebecca Y
LAING _ di llian a _ o®
STUART pe Cecil ee : UO

STUART ____—sRdward

STUART _—-_‘ Sherman D. Mi
WILLIAMS Anthony: &









x it Ve ip |D
ny le De ot]
Cat Island, Rum Cay & San Salvador Constituency North Eleuthera Constituency

Polling Division 10 Polling Divisions 4, 5 & 6

Cockburn to Hall’s Landing The Spanish Wells District
In the San Salvador District

NAMES OF CANDIDATES . SYMBOLS
NAMES OF CANDIDATE : ia aaa a a = Fey

ALBURY Dean
FERGUSON __ Kate Gelera Maria

ALBURY ss «© Windfield ©
FERNANDER _ Clifford E.

BETHEL |

William Lonnie

James Audley

PINDER Abner
Marlon Whitney

PINDER George Gilbert "Gill"
_POITIER Alton E.

PINDER __._ Harold Roy_
POITIER- JONES Nicola Brenelle
Ato sNNicola Brenelle

PINDER Jack Sidney
RUSSELL Helen

PINDER a Teresa Lynn
STORR Peterson

ROBERTS. __ Robert John

—_________»rendalee psusa

STRACHAN Brendalee Susan

. SANDS.____—_—_—sShawn Chester

WALKER Chelera Annyse

SWEETING Clay Glenford
WARD vt David William

—______eVied Witilan

SWEETING _ Shenandoah David

UNDERWOOD .. Kaven Marcel



ssosteninesisage,

Ae





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