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
Sausage & Egg
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The Tribune

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Victims
‘stalked,
raped at
sunpoint.

by bisexual

attacker’

@ By DENISE MAYCOCK

‘ Tribune Freeport
Reporter
dmaycock@tribunemedia.net

FREEPORT — A bisexual
serial rapist is on the loose in
Grand Bahama, where victims
are reportedly being targeted,
stalked and raped at gunpoint
in their own homes. -

The crafty attacker is said to

take a number of precautions
to avoid leaving behind any
forensic evidence, and investi-
gators are said to have no real
leads at this point.

According to unconfirmed

reports, three persons have
already fallen victim to the
rapist in the last two weeks —
two women and a 14-year-old
boy.

The police did not mention
the matter in official reports,

SEE page 10







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

THE spot of Wednesday’s
fatal police training exercise —
where Corporal 2453 Desmond
Burrows drowned — was a bad-
ly chosen and dangerous loca-
tion, a swimmer claimed yes-
terday.

Jason Rahming, 39, an elec-
trician with the Ministry of
Works, told The Tribune yes-
terday that he is a regular swim-
mer, and often follows the route



BAHAMAS EDITION

FRIDAY, JULY 18, 2008

tients
‘new life and
MAE LA

SS SS

serial rapist on

along the Gaodinait s Bay
beach.

“There are a lot of big under-
water craters in that area. You
can suddenly drop and have
four to five feet of water above
your head,” he said.

Mr Rahming explained that .
it is easy to get stuck in the
craters with your feet.

“Sometimes it can take you
a while to get free. If you are
not a strong swimmer then the
situation can turn serious,” he
said.

Mr Rahming said he believes
that the police did not suffi-
ciently research the suitability
of the area prior to the firearms
training exercise.

_ He is now calling on the
authorities to mark the places
where these craters can be






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PETER OUTTEN, Jason Rah-
ming and Demeko Musgrove,
nephew of one of the injured
officers, went out yesterday
to the area where the incident
took place.






found in the water to protect

unsuspecting beach-goers and
swimmers.

“These areas should be
blocked,” he said.

Police yesterday had not yet
determined if all of the officers
who participated in Wednes-
day’s fatal firearms training
exercise were able to swim.

- The training exercise, which -

was conducted in the afternoon
at Goodman’s Bay, resulted in
the death of Corporal Burrows,
a 13-year veteran employed in
the police’s criminal records

SEE page 10

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TROYNIKO McNeil, a “per-

son of interest” in:the Harl Tay-

lor murder case, is reportedly
scheduled to appear before a
US court today after which he

could be.set.free.to-return to«

the Bahamas.

- A source close to the matter
told The Tribune yesterday that
McNeil’s family hopes he will
finally be set free after being
held by US police for more than
two weeks. -

According to the source, a
Florida court has ordered that
evidence be presented to justify
the continued custody of
McNeil.

McNeil, formerly a resident
of the Kennedy subdivision, is
reported to have gone to Flori-
dain December to attend
school.

Last month Bahamian police

Life sentence for
EUR
HS

§ By NATARIO
McKENZIE







FOR the family of 22-
year-old Trevonne McKin-
ney, justice was served yes-
terday when the man con-
victed of. stabbing her to.
death was sentenced to life
imprisonment.

In May, Michael Byron
Simmons, 23, was found
guilty of manslaughter in the .
stabbing death of his former
‘girlfriend; Trevonne McK-
inney, 22, with whom he had
a daughter.

The deceased, who was
the daughter of broadcaster
Steve McKinney, was
stabbed multiple times in
Wilson Tract on Sunday,
March 4, 2007. She died in
hospital the following day.
Simmons also known as
“Kaz” had initially been

SEE page eight





























‘released a photo of 21-year-old

McNeil, describing him as
“armed and dangerous.”

The source claims that as
soon as McNeil learned that he
was wanted for questioning in
connection with the November
2007 murder of the handbag

_ designer, he made plans to trav-
‘el back to the Bahamas to speak
- with police to “clear the air.”

However, his Bahamian pass-
port had expired, the source
claimed, and McNeil applied to
the consulate office in Miami

for a renewal in order tobe able

to travel to Nassau. .

McNeil was picked up by US
police just seven days after his
photo and details were released
to the public by police.

It is understood he was ini-
tially taken into custody in the
US on matters related to immi-
gration violations.

“He overstayed his stay.
Maybe now when he gets
released he can come back to
Nassau and police can meet him
at the airport,” the source said.

The source said McNeil’s

SEE page eight

$700,000 of
marijuana is
seized by DEU

@ By KARIN HERIG -
Tribune Staff Reporter
kherig@tribunemedia.net — ,

OFFICERS of the Drug
Enforcement Unit yesterday
conducted a major drug bust off
the coast of New Providence,
capturing $700,000 worth of
marijuana.

Police arrested two men after
confiscating 681Ibs of marijuana
on a go-fast boat in an early
morning exercise.

Acting on information from
members of the public, the
DEU officers and the depart-
ment’s maritime unit set out to
capture a suspected drug smug-
gling vessel.

SEE page eight

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PAGE 2, FRIDAY, JULY 18, 2008

THE TRIBUNE



6 In brief

Environmentalists
sie federal govt
over pollution

â„¢@ WEST PALM BEACH,
Fla.

FIVE environmental
groups have sued the fed-
eral government, claiming
the U.S. Environmental
Protection Agency is vio-
lating the Clean Water
Act, according to Associat-
ed Press.

The federal lawsuit filed
Thursday in Tallahassee
claims the agency has
failed to set standards for
fertilizer runoff and other
farm waste that is polluting
Florida’s waterways.

Earthjustice attorney
David Guest says he hopes
a favorable ruling will
force the EPA to set
national standards. Guest
is representing the plain-
tiffs.

The groups say rain
sends the runoff into rivers
and lakes, contaminating
waterways and nourishing
algae blooms that poison
the ecosystem.

The EPA did not return
telephone messages..Flori-
da says the state is still
studying ways to set such
limits. ©

Murder prompts call for stronger

police presence on Farmer's Cay _

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

THE murder of Antonius
Brennen and a reported
increase in petty crimes on
peaceful Farmer's Cay has
residents calling for a
stronger police presence on
the cay and its surrounding
areas.

As the construction indus-
try flourishes on privately
owned cays near Farmer's

Cay and nearby Staniel Cay .

and Black Point, residents
fear “city violence” will
spread into their quiet com-
munities.

"On July 9, 2008 we had a
tragic wake up call in our
peaceful community.

“Tt was a horrible awaken-
ing (when we) realised that
murder can happen any-
where; whether i in the city or
a secluded cay," Farmer's
Cay resident Kim Tyler said

in an e-mail sent to The Tri-

bune yesterday.
"The cays are being devel-
oped daily and employment is

Residents fear ‘city violence’
will spread into communities

on the rise with our young
men.

“In order to protect our
tourists and residents alike;
an increase of police officers
should be mandatory set in
place on all three developed
cays".

According to locals, there is
only one policeman stationed
on Farmer's Cay on a month-
ly rotation from Georgetown,
Exuma.

Leon Bain, the oldest per-
son on Farmer's Cay and pas-

tor of St Mary's Union Bap- |

tist Church, is another resi-
dent calling for a larger police
presence: "That murder got
everybody stunned, some-
thing like that never happen
around here before.

“Since then I've been told
there were three break-ins
and one robbery since the
murder happened.”

He claims contract workers
from the capital working on

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developments in the area are
to blame for the incidents and
are "giving the Cay a bad
name".

"I'm very concerned... I
would like to see more police
presence — senior police, not
these young fellas they send

down here, because the péo- ©

ple aren't afraid of them.
“We have a police living
here but there's not a station.
“We are hoping that in the
future the government will
seek to build another struc-
ture and make that into a cell.
. Rather than having to take
(suspects) to Black Point

which is 11 miles away," he

said.

Residents of Farmer's Cay
say there is also a need fora
permanent doctor on the
island to eliminate the need
for the sick to travel miles by
boat or air during an emer-
gency.

According to locals, one
nurse is stationed on the Cay
while a doctor comes down
"once a month" from George
Town, which is 22 miles
away.

Brennen, reportedly from

Nassau, was stabbed once in ©

the chest during a fight with
another man on July 9.

Ua ee
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Young performer helps
promote junkanoo in UK}



MITCHELL THURSTON, 12, is the youngest SaRORNET showcasing

-Llonella Gilbert/BIS ~~



junkanoo and Bahamian culture in the United Kingdom.

ll By LLONELLA GILBERT

LONDON - Mitchell
Thurston, 12, is the youngest
Bahamian performing in the
backline junkanoo tour, which is
appearing at various festivals and

sites throughout the United King- _

dom.

Since this is a backline tour,
the. main focus is the music and -

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the musical instruments. of
junkanoo; but the costumes are
still vital to the performances. ©

Mitchell, though young, is:a
veteran junkanoo artist, having
performed with Barabbas and
the Tribe since he was 11 months
old.

His father, who is also’ per-

- forming in London, is a member

of the same group and plays the
same instrument as his son —
called ‘the scraper’. This does not
bother the son, as he loves having
the same interests and spending
lots of time with his father.
“People sometimes ask me
why Tam always With May daddy,

‘but someday he will not be there

for me, so I love being with him,”
explained the seventh grader who
attends St Anne’s High School.

Mitchell was not originally
scheduled to participate, but he
asked Quentin “Barabbas”
Woodside,:who had the task of
handpicking the individuals for
the group, to allow him to take
part.

“I had never been on a trip
representing junkanoo, so T asked
and he give me a chance to rep-
resent my country,” Mitchell said.
The talented performer has also
travelled with the Bahamas
National Children’s choir to
Africa, Russia and the United
States.

While the other members 6t
the group were sponsored by the
Arts Council of England,
Mitchell had to find his own
sponsorship. But with the help
of family, friends and his parents’
co-workers, he is promoting
Junkanoo in the United King-
dom. c

Mitchell said while the group is
having fun, they are also acting as
ambassadors for the country. He
pointed out that he has met indi-
viduals who had the misconcep-
tion that the Bahamas was a part
of the United States.

After. feeling the. excitement
of junkanoo and interacting with
the group; many have expressed
an interest in coming to the
Bahamas.

“They are amazed; they are
like: ‘what is this thing called
Junkanoo’, ‘where do you get all
this energy’, what do you make
the drums out of?’ People say
they want to come to the
Bahamas for their next vacation
or they want to come and see
Junkanoo in the Bahamas,” he
said.



yeas



THE TRIBUNE



ITS EE

© in brief | Ambulance chief defends

his drivers’ response to
Goodman’s Bay drama

Support for
health care
accountability
petition is
growing

Ml 333 have signed
so far; the number
is increasing daily

w BY CAPUCINE DAYEN

SIX years after the death of
her 42-year-old brother, lawyer
Leandra Esfakis is still battling
for transparency and account-
ability in the delivery of health
care.

She founded the Bahamas
Patient Advocacy (BPA), and
in éarly July launched an online
petition "to alert the public to
the'need of health care regula-
tions, because it is a matter of
life and death.”

: So far, she obtained 333 sig-:

natures and daily the numbers
continue to grow. Ms Esfakis
said: “The increasing numbers
and the comments attached
show that more Bahamian peo-
ple are ‘becoming aware of what
is at’ stake.”

“Ms Esfakis explained that the
petition has two objectives:

, ©'To.educate citizens and res-

idents of the Bahamas, as to
what their existing rights are
under the current health care
legislation.

e To empower people to
become pro-active in the
defence of health care regula-
tion to improve patient survival
rates.

“It is our responsibility to
hold our MPs and government
accountable on this issue, to
enforce and enhance those laws,
not to revoke them,” she said.

In 1998 the Hospitals and
Health Care Facilities Act was
introduced by parliament. It
requires all deaths that occur in
private hospitals and clinics to
be properly documented and
investigated to the appropriate
authority —.a,licensing. board
was also set-up. by the Act.

But, according to Ms Esfakis,
“this does not happen and the
chairman of the Hospitals
Board says this provision is
‘antiquated’ and the board
wants it revoked. If we have
health care regulations, we need
a board which will enforce those
regulations — and if anything,
improve on what there is.”

She believes that even though
health care facilities are private
enterprises and their goal is to
turn a profit, “neither profit nor
profession puts people above
the law and certainly not the
fundamental laws which protect
the right to life. Health care
facilities offer services which
give them the power of life and
death over their patients. There
is no greater power one human
being holds over another. Our
government has an obligation
to protect the lives of all per-
sons in its jurisdiction. This
includes the lives of those in jail,
in the detention centre, in.cus-
tody, or in hospital.”

Ms Esfakis noted that in its
correspondence with her over
the last four years, the board
said that it was looking at
amendments to the Act. The
board said amendments were
required to enable it to investi-
gate the formal complaint about
her brother’s death in a private
health facility, submitted in
April 2005.

However, in May 2008, a
board member was reported as
saying that, “the board did not
want tc be bothered with inves-
tigations of complaints.”

Ms Esfakis told The Tribune
that she “would like to think
that this is not the case, and that
the board remains committed
to the public interest — that is
why they are appointed.”

She believes all Bahamians
need to understand that amend-

. ments.could enhance the func-
tions of the board, and ulti-
mately patient survival rates.
Her fight is for “this govern-
“ment, to bring the proposed
- amendments out into the sun-
“ shine, so that we, the patients,
‘ whose lives are at stake, can
. have’input into any regulatory
“regime intended for our health
? and safety.”
: . The petition can be found at:
» www.petitiononline.com/les-
: fakis/petition.html



Ee Sa 3
Fertilizer, Fungicide,
Pest Control

Tropical Exterminators
322-2157

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

THE head of Ambulance Ser-
vices is refuting allegations that
his drivers took half an hour to
respond to the police officers in
distress at Goodman’s Bay on
Wednesday.

Paul Newbold, director of the
Nationa] Emergency Medical Ser-
vices, told The Tribune yesterday
that his department received the
initial call from the police con-
trol room at 3.20pm. An ambu-
lance was dispatched at 3.23pm
and it arrived on the scene at
3.30pm. It was er route to the
hospital at 3.40pm, said Mr New-
bold.

The second ambulance was dis-
patched at 3.27pm and was on the
scene at 3.35pm, according to Mr
Newbold. It was en route to the
hospital at 3.54pm, arriving at
4.01pm.

Mr Newbold’s explanation of
the response of his department
comes after numerous witnesses
on the scene complained that
ambulances took a long time to
arrive and assist the officers in
distress. Corporal Desmond Bur-
rows drowned in the incident.

Police and witnesses said that
the 31 officers who were on a
firearms training course fell into
distress in shallow waters off
Goodman’s Bay at around 3pm.
They were doing maneuvers in

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waist deep water when a large
number of them were either
pushed out in strorig currents or

’ fell into a sink hole.

Jet ski operatoirs and other
swimmers on the Wveach had to
assist in the rescues effort, which
included pulling at least two offi-
cers from under the water.
Around 10 officers ‘were eventu-
ally taken to hospiital, some to
Doctors and others to PMH for
treatment.

If the accident occurred at

around 3pm, and F!MS did not

receive the call until 3.20pm, then
there was some delay in-making a
call to emergency ersonnel by
those on the scene.

Mr Newbold said that when
accidents occur, peoyle in distress
can get caught up in the situation
and fail to call emergency per-
sonnel for help imm ediately.

He added that tle Bahamas
uses the same comp.uterised dis-








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patch system as is used in the US.

“And when you call 911 or 919
the police of course answers and
says ‘what is your emergency’,
and if you say it’s something med-
ical they hit a function key and
the person sitting next to them,
who is an emergency medical dis-
patcher takes it from there. And
all of that is on tape,” he said.

Dispatchers, said Mr Newbold,
are trained to begin treatment
over the phone by advising those
in need, for example, how to do
CPR or even deliver a baby, while
the emergency personnel get to
the scene.

The EMS staff also receives
training in Florida, added Mr
Newbold, while teams from the
US occasionally come over to rate
the operation here in the
Bahamas.

There are 12 EMS ambulances
in New Providence.

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FRIDAY, JULY 18, 2008, PAGE 3



LOCAL NEWS 7

lm COURT SHORTS

Woman charged with breach
of shop, liquor licence laws

CLAUDIA Loristan, 39, of Pinedale, Eight Mile Rock, was formally
charged in the Eight Mile Rock Magistrate Court on Tuesday morning
on charges of breaching the Shop Licence Act and the Liquor Licence
Act.

She was arrested last Wednesday when police officers executed a
search warrant on her home and seized a large quantity of grocery
items, alcoholic beverages and soft drinks, which were being offered for
sale to the public without her having the licence to do so.

She pleaded guilty to both charges before Magistrate Gwen Claude

and was fined a total of $400 or six months imprisonment.

The court also ordered that the confiscated grocery items and soft
drinks be given to St Stephens Anglican Church and the Mount Zion
Baptist Church.

Man jailed for robhery, assault

HENSLEY Sands, 25, of Jones Town, Eight Mile Rock, appeared
before Magistrate Gwen Claude on Tuesday to face two criminal
charges.

The prosecution alleged that on Friday, June 26, Sands violently
attacked and robbed Shirley Williams of $400 and other personal
items as she was about to enter her house on Bartlett Hill, Eight Mile
Rock. He pleaded guilty to this charge and was sentenced to three years
at Her Majesty’s Prison.

Sands also faced a second charge of causing grievous harm to Ben-
jamin Bain on Wednesday, June 2.

Mr Bain reported to the Eight Mile Rock police station that he
was on his way home in Jones Town at around 4am that day, when the
defendant, along with another man, pelted him with rocks.

This resulted in Mr Bain being struck in the head and body, knock-
ing him unconscious. He was taken to the Rand Memorial Hospital for
treatment. Sands also pleaded guilty to this charge and was sentenced
to one year at Her Majesty’s Prison.

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PAGE 4, FRIDAY, JULY 18, 2008



EDITORIAL/LETTERS TO THE







The Tribune Limited

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




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





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







Publisher/Editor 1919-1972
Contributing Editor 1972-1991






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




Published Daily Monday to Saturday






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








TELEPHONES.
Switchboard (News, Circulation 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







ON TUESDAY The Tribune published
complaints from Harbour Islanders that
the number of Haitian immigrants contin-
ues to “multiply uncontrollably” on their
small three-mile long island. They say the
community and the government are to
blame.

“We house them, we hide them, our
women have their children,” said a.’Briland
businessman.

Talking with several Bahamians yester-
day — who for many years have been fre-









has changed at that island. There have
always been a lot of Haitians, they said.
“If the authorities wanted to catch them, all
they had to do was meet the ferry every
morning from Eleuthera when both

- Bahamians and Haitians come across to
go to their jobs in Harbour Island.”

Said one of the Nassauvians — and her
friends agreed — Harbour Islanders are
very different people, unlike most Bahami-
ans.

“You will find,” she said, “they repre-








and those who don’ t— there’ sno in
between withthem.”: -:.*
Most -also-lack ambition: “For exam-
ote » one of them said, “if a young man is
paid $500 ‘to paint "a house, ¢ once he’s paid,
he will sit down and live off that $500 until
it runs out. He might then get up and paint
another house, and so on it goes.” In other
words, he lives from one small job to anoth-
er, taking extended vacations in between.
He makes only enough money to keep
body. and soul together, completely lacking
in initiative or desire to try to improve his
condition.

If there is a Haitian problem on that
island, she said, then it is the fault of the
Harbour Islanders who refuse to work.
Nothing would get done, she and her
friends maintain, if it were not for the
Haitians.

She, her family and friends were in Har-
bour Island for the Independence celebra-
tions. They described the colourful festiv-
ities. The locals were all decked out in
their bright shirts, waving their flags and
generally having a good time.




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“But the next morning,” said the Nassau
visitor, “you should have seen the filth.
Debris all around from the night before.
They were celebrating their freedom, their
independence, but they are completely
lacking in pride.”

It would be no problem, said these
Bahamians from Nassau, for the ’Briland

locals to keep their island clean, but most of

them seem to have no interest and appar-
ently see no need to make the effort to
either care for or improve their surround-
ings. Obviously that is why Haitians are
needed — to pick up after them and do
the menial jobs that local ’Brilanders refuse
to do. At least Haitians are steady workers
and don’t take time out between bouts of
limited exertion.

However, the Nassau group noted that
’Briland women appear to be the workers.
They could not say the same for the men —
in their opinion most of them are idle.

The Nassau visitors thought that many
of.’Briland’s children are a major problem
— unruly and rude. They described a scene
on the night of the celebrations when a
group of young boys just entering their
teens fought among themselves and gen-
erally behaved like little savages.

They were shocked at how young some
of the boys are who ogle women and pass
sexually suggestive remarks about their
bodies. They were particularly alarmed to
overhear a young teenage boy instructing a
five year old in the crude art of assessing
the physical attributes of young girls.

One of the visitors said that when her
children were smaller, she would let her
daughter and her male cousins sit out on
the dock and fish. However, that had to
be stopped because as her daughter grew,
local boys started to harass both her and
her cousins.

In, other words, in the view of the group
from Nassau, the problems at Harbour
Island are the locals, not the Haitians.

If the locals measured up, there would ,
be no need for Haitians. That is the opinion -

of outsiders — all Bahamians — looking in.

It is now up to ’Brilanders to examine
themselves and if found wanting to change
their value system and their attitude to life.














EDITOR

THE TRIBUNE





Why we must
always put
ahamians first

EDITOR, 'The Tribune.

PLEASE allow me some space
in your valuable newspaper to
express miy point of view on a
topical Bahamian issue.

There are those who claim that

‘in a modern age of growing glob- .
alisation, internationalism and,

multicultural education the
Bahamianisation policy is irrele-
vant. Furtther, it is believed that
the force: of international and
industrial conglomerates may
prove to bbe just too powerful at a
time when third world countries
like the Bahamas depend upon
foreign investors.

However, the government can
still mak:e the Bahamianisation
policy am effective measure for
building a better Bahamas, pro-
vided it has the political interest
and will to implement the policy
fairly, completely and consistent-
ly. A balanced approach that
allows for career advancement
for Bahamians, sustained eco-
nomic development and reason-
able profits proprietors should be
an arrangement that is acceptable
by all concerned parties. Interde-
pendence is clearly a part of the
Bahamia nisation policy.

The qiiestion is: How are we
to provide prospective jobs in this
small coumtry without some form
of protective mechanism? The
reality is that thousands of stu-
dents out of high school and
Bahamian graduates from the
College of The Bahamas, Success
Training College, Bahamas Bap-
tist Comnmunity College and
Omega (College are looking for-
ward to staying in The Bahamas
to work and to further develop
their careers.



Bubs

letters@tribunemedia.net




How about the thousands of
Bahamian students abroad who
are excited about coming back,
home for employment and to
make a contribution to national
development? To what extent are

we losing them? In fact, many
received scholarships on the basis
of national needs and a commit-
ment on their part to come back
to fulfil such needs. We should

not disappoint them. Also, most.

of our college graduates both
here and abroad have to make
loan payments.

How are we to protect our chil-
dren’s birthright, if we do not put
in place a measure that says: The
Bahamas is for Bahamians first
and vigorously enforce it. Unfor-
tunately, there are too many
*Jacobs’ in the land — subtle, con-
spiratorial and manipulative for-
eign employees who are masters
at taking from the natives and
establishing themselves and their
kinsfolk in the land.

Further, some feel that their
expertise and experience will
always make room for them in
this country, having no regard to
sustainable national development.

It appears that they circumvent
certain rules, regulations and poli-
cies during their work permit
period until they position them-
selves to apply and receive per-
manent residence status.

Now, there is a significant num-
ber of law-abiding and helpful
foreign workers in this country

* who are making tremendous con-

tributions even on a charitable
basis. However, there are still
those who are here taking bread
out of the mouths of hundreds of
ambitious and hardworking
Bahamians. They know that it’s
better in the Bahamas so they try
every trick in the book to stand in
the way of our people acquiring
the necessary training for upward
mobility in the work place and
surprisingly, even in some reli-
gious organisations.

A cursory examination of the
job advertisements in the local
dailies coupled with checking the
Department of Labour and Immi-
gration and making a few phone
calls at private companies will
reveal much shady business going
on. We must not only be educat-
ed about our rights and privileges
under the Constitution, the gen-
eral laws and Bahamianisation
policy but also how the immigra-
tion system works for the benefit
of all Bahamians.

For this reason, legal educa-
tion, including immigration and
international law, should be
taught in our schools.

Could you imagine what
opportunities would be embraced
by ordinary Bahamians if they
knew just how the system works
at the Departments of Immigra-
tion and Labour? Maybe we all
would find out how easy it is for
foreign persons to take ‘we things’
and when things go bad how easy
it is for them to run home or fly
away to the land of the free and
the home of the brave.

PERRY R CUNNINGHAM
Nassau,
July 8, 2007.

EPA, education, information badly needed

EDITOR, The Tribune.

COMMON Cause, a non prof-
it and non governmental civic
organisation, is extremely pleased
that the. signing of the proposed
Economic Partnership Agree-
ment between The European
Union and CARICOM nations,
inclusive of The Bahamas, has
been delayed and pushed back.

The collective voices of the
people of The Bahamas and the
Republic of Guyana have been
heard. F3oth the ruling FNM and
the oppisition PLP seemed to be.
entrenched on their position of
approval for the proposed agree-
ment. “This, despite the lack of
information supplied to the pub-
lic and. the scarcity of consulta-
tions with the average citizens of
The Bahamas and Guyana, would
have treen a gross disservice to
our pewples. |

Conamon Cause is not against
trade iagreements but the gov-
ernme:nt of this country must be
in a position to spell out all of the
advant:ages and the disadvantages
to Balaamians. The government
cannot just adopt the posture that

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all who may dare to question its
wisdom is unpatriotic or obstruc-
tionistic.

Minister of State for Finance,
the Hon Zhivargo Laing (FNM-
Marco City) has not done enough
to educate and convince Bahami-
ans that it would be in our nation-
al interest to sign onto this volu-
minous draft agreement.

To add insult to injury, the
good minister was seen and heard
the other day suggesting to his
parliamentary colleagues that
they should hold forums and
community meetings in their
respective constituencies to dia-
logue with and to educate con-
stituents! Yet, he and the FNM
were proposing to sign off on the
service aspect of the EPA before
the end of July, 2008?

' MP’s are badly seised of the
terms and conditions of this
agreement and the cabinet has
yet to receive a draft of the ser-
vices clauses in that agreement.
Yet, Minister Laing, seemingly,
was up and down the country try-
ing to sell us an incomplete pack-
age by saying that even if we were
to sign off on the EPA that Par-

‘ liament would still have an oppor-

tunity, after the fact, to debate
and, possibly, reject that which
we would have already signed
onto. Save for certain types of
seafoods (conchs' and lobsters);
rums and plastics, what would
Bahamians receive in exchange
for giving up our sovereignty?

Even Minister Laing does not
always seem to know what he is
talking about, with all due
respect. Once the services por-
tion of the EPA is executed, our
national borders ‘will’become
even more porous than they are

now. The Bahamas will be flood-

ed with all manner of Europeans
and Caribbean nationals. While
this may result in lowering the
costs of labour for many Bahami-
an business ahd professional firms

(accountants; lawyers; doctors

and bankers), we fail to see how
this would help an already
depressed labour market.

The vast majority of Bahami-
ans are not yet ready for first
world status, even if we pretend
otherwise. Dog would eat our
lunch and, if possible, ourselves,
in the process. We have already
signed off on the proposed trade
clauses of the EPA. Common
Cause submits that this, in and of
itself, is enough to meet, if not
exceed, the expectations of our
international trading partners.

Hopefully, Minister Laing and
his allies, both inside and outside
of government will now go back
to the drawing board and extend
the common courtesy of educat-
ing and informing Bahamians of
the subtle and arcane hidden
snares in the EPA, as proposed.

ORTLAND H BODIE Jr
Nassau,
July, 2008.

Private Resorts

Invites applications for the position of

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Applicants should satisfy the following minimum
requirements:

Have at least 10 years experience in construction or
a related field, or former hotel chief engineer.

Have a qualification in engineering or construction
Be a team leader, able to add value

Be familiar with Design Management

Be able to manage multiple projects in several locations

Be computer literate
Be a project planner
Be able to travel

Be a strong communicator and coordinator
Be an initiator, able to achieve deadlines

The ideal candidate will have previous experience in
resort / hotel construction, expansion and improvement
together with a strong knowledge of the design process.
In addition, familiarity with quality control of finishes
and understanding of the mechanical and electrical
components of construction is a advantage.

Applications and resumes should be
mailed or faxed to:
P. O. Box 6092 SS
Nassau Bahamas.
Faxed to 242-341-4419





THE TRIBUNE

Ambassadors
to tout benefits
of CSME

Fourteen CARICOM Youth
Ambassadors (CYAs) returned
to their respective territories on
Tuesday, armed with the skills
and information to promote the
CARICOM Single Market and
’ Economy to their peers and to
encourage active participation.

On Monday, the youth advo-
cates representing 13 countries,
participated in a workshop organ-
ised in collaboration with the
CSME Unit at the Jolly Beach

© In brief | Turnquest hails successes
flicking fight

Resort in Antigua to explore how.

persons could make a living and
move capital within the CSME.

They also reviewed the art of
public speaking and gained
insight into the critical role played
by the media in helping to keep
the populace informed.

Most ambassadors considered
the creation of youth friendly
messages and the drafting of a
regional youth advocacy network
as the highlight of the one-day
session.Dean of the CYA Corps
Donna Greene stated that the
meeting was “extremely useful”
as it addressed the current state of
the CSME and the way forward.
-She called for more intra-region-
al trade among member states
noting that this would improve
self sufficiency and limit the
impact of external factors, such
as rising food prices on Caribbean
economies. Antigua and Barbu-
‘da’s Minister of Finance and
Economy Dr Errol Cort agreed
with Dean Greene and explained
that young people had a critical
role to play in ensuring the suc-
cess of the CSME. Dr Cort stated
‘that while the implementation of
the policy had been lengthy, a
_ deliberate pace was necessary to
ensure that all groups and classes
could take advantage of the

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



RECENT studies support the
idea that initiatives taken both
locally and globally are having a
positive impact in the fight against
drug trafficking, Minster of
National Security Tommy Turn-
quest said. ;

“The 2007 World Drug Report
of the United Nations Office on
Drugs and Crime (UNODC)
points to evidence over the past
two years which indicates that the
world drug problem has been
contained,” he said. “The report
highlights as this evidence a

decrease in the cultivation of coca °

in the Andean countries.”

“Tt points to a leveling off, and
in some countries, a-decrease in
the production and consumption
of amphetamine-type stimulants
(ATS). Regarding the health
warning on high potency
cannabis, it indicates that the mes-
sage against its abuse appears to
be getting through,” he told an

international conference in Nas-:

sau yesterday.

‘However, Mr Turnquest point-
ed out, the UN report notes that
opium production is now more
concentrated — primarily in the
Southern Provinces of

Afghanistan. “We know that in.

the drug area, however, our opti-
mism must be tempered with cau-
tion. The illicit drug trade is
dynamic, constantly changing its
routes, seeking to develop new

- markets, and adapting its meth-

ods of operation to exploit gaps
or weaknesses in the internation-
al drug control system. Positive

_ developments in one area or.

region of the world, therefore,
may be offset by negative devel-
oe in 1 others, ” he said.








Ty Turnquest

Mr Turnquest was opening a
two day workshop at the Wynd-
ham Nassau Resort geared at
increasing communication and
information sharing between
member states in-the effort to
combat drug trafficking through-
out the Americas and the
Caribbean. Known officially as
the Multilateral Evaluation
Mechanism Unit (MEM), the
conference is designed to period-
ically measure the progress made
by each of the 34 member states
of the Inter-American Drug
Abuse Control Commission
(CICAD) in its fight against
drugs. :

Mr Turnquest noted that host-
ing this workshop is significant

‘for the Bahamas, as it comes at a

time when the Bahamas is broad-

- ening its participation in the

Caribbean Community’s crime
and security regime.

“The work of the regime, and
in. particular, the CARICOM
Implementation Agency for
Crime and Security (IMPACS),
keeps under active consideration
trends in illicit production, traf-
ficking and abuse of narcotic

‘drugs and psychotrophic sub-

stances, and action taken in this
critical area,” he said. Mr Turn-

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quest said that despite the good
news, the Caribbean still has a
great deal to be concerned about
as established drug routes are
now becoming arms and migrant
smuggling routes.

“At times, drug trafficking,
arms trafficking, and migrant
smuggling become’ part of the
same illicit enterprise. We have
experienced a concomitant
increase in crime and criminality
in our.countries, no doubt a result
of these merged criminal opera-
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ficking. Ours is not a region,
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progress they are making in com-
bating drug abuse and illicit traf-
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@ BY DENISE MAYCOCK
Tribune Freeport Reporter ; 3
dmaycock@tribunemedia.net ‘

FREEPORT — A call was made for the immediate establishment and:
appointment of a minister for Grand Bahama as. promised: by the
FNM government.

The request came during. the live radio forum “What’ s Up With
Grand Bahama” hosted by Taylor Ferguson on Cool 96. Radio on
Wednesday.

Freeport businessman Jeff Butler said that a minister for Grand
Bahama is needed now more than ever.

The prime minister needs to get us our promised minister of Grand,

‘ Bahama that can work hand in hand with the Port Authority, the:

business community and the foreign investment community,” he said.
Mr Butler was one of the five invited panel speakers on Cool 96. The
other panelists were businesspersons Phil Franks, Clarence: Bellot,
Leigh Termath, and lawyer Constance McDonald. - ;
Mr Butler said he does not support the explanation given by Prime
Minister Hubert Ingraham for postponing the appointment of a min-
ister for Grand Bahama.
“Because of the conflict in the Grand Bahama Port Authority I
think that the time for a minister for Grand Bahama is now,” he said.
Insurance businessman Phil Franks said that there are‘many com-.
petent people who have a vested interest and could be appointed as ne

‘minister for‘'Grand Bahama.

Mr Franks said that at the moment there are people outside the com-
munity making decisions without consultation with'Grand Bahama res-
idents.

The establishment of a minister for Grand Bahama, he said, would

“at least allow (for) a more identifiable conduit.” Nes
; Mr Butler said that the Grand Bahama portfolio would probably

‘have to be added to that of National Insurance and Housing Minister
» Kenneth Russell or Minister of State for Finance Zhiwarke Paine, or

some other minister.

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PAGE 6, FRIDAY, JULY 18, 2008

aa ee ee

WORKING GROUP TO DISCUSS HOW TO TACKLE INVASIVE SPECIES IN

_ THE TRIBUNE



CARIBBEAN

The battle against destructive pests

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THE high rate at which
coconut trees across the
Caribbean are being
destroyed has brought into full
focus the consequences of fail-
ing to deal with invasive
species as a matter of priority
at the national and regional
level, the CARICOM Secre-
tariat said.

To this end, when the

Caribbean Invasive Species
Working Group (CISWG)
holds its annual meeting on
Friday in Miami, it is antici-
pated that much discussion
will focus on mechanisms for
collaboration on the issue of
invasive species in the
Caribbean Basin.
’ It is also expected there will
be much discussion on the
potential economic fallout that
could arise in the absence co-
ordinated action to tackle the
threat of invasive species. The
meeting is taking place at a
time of increase sightings of
invasive species across the
English, Dutch, French and
Spanish speaking Caribbean
—as highlighted at US Depart-
ment of Agriculture pro-
gramme for Tropical and Sub-
tropical Agriculture Research
(T-STAR) sponsored sympo-
sium on invasive species in
Miami on Tuesday.

In many instances the
species have also found their
way to the South American
countries that border the
Caribbean Sea and in the US
State of Florida.

The fast pace at which the
invasive species move is prov-
ing to be a challenge for sci-
entists, who informed the sym-
posium that they have had to
double their efforts in order
to ensure that the situation
does not get out of hand. Even
so some scientists reported
that some irivasive species
such as the Red Palm Mite
which attacks palms — both
coconut and ornamental — is
already on their doorsteps.

At the CISWG meeting
reports are to be presented on
a number of initiatives. cur-

rently on the way to provide

support to enable the
Caribbean to identify, control
and manage invasive species.

Chief among these is the -

Caribbean Invasive Species
Surveillance and Information
Programme (CISSIP). .

The CARICOM Secretariat
said an internet based network
of diagnostic laboratories and
specialists will be established
and utilised in the fight against
invasive species.

The issue of funding for this
project is expected to be hotly
debated.

The meeting. will also
receive a report from the inau-
gural meeting of Directors of
Plant Health in the Caribbean
which was hosted by the
CARICOM Secretariat in
April.

The meeting was supported
by the United States Depart-
ment‘of Animal and Plant
Health Inspection Service
(USDA APHIS), the Inter
American Institute for Co-



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-— Funding for regional invasive

species project crucial



mins PROTECTION from invasive species.

WHILE the importance of a co-ordinated approach to deal
with the issue of invasive species in the Caribbean is widely
accepted, challenges remain in terms of securing funding to
tackle the problem, the CARICOM Secretariat said.

The funding constraints being experienced for the Caribbean
Invasive Species Surveillance and Information programme
(CISSIP) was highlighted at a US Department of Agricul-
ture programme for Tropical and Subtropical Agriculture
Research (T-STAR) sponsored symposium on invasive species
in Miami yesterday.

The symposium was informed that the CARICOM Secre-
tariat had sought to secure funding for the project but had been
unsuccessful to date. ;

However there is now an acceptance among the stake-
holders that the path for success could see CISSIP, which has
five major components, being re-fashioned to make it more
appealing to potential funders.

When implemented, CISSIP, a project aimed at protecting
the Caribbean region from “pests”, a category of invasive
species, “will provide timely information on the status of
pests and support pests risk assessment which are needed to
facilitate trade,” the secretariat said. An internet based net-
work of diagnostic laboratories and specialists will be estab-
lished and used in the fight.

The project seeks to address the influx and spread of harm-
ful invasive species that threaten the agricultural livelihood,
human and environmental health of countries in the Greater
Caribbean. At the symposium, the project was identified by
major stakeholders, including the University of Florida, the US
Department of Agriculture and CIRAD, the French Agency
for Animal and Plant Health, as the means for.co-operation on
the range of issues that deal with invasive species.

Deputy programme manager for agriculture development at
the CARICOM Secretariat Margaret Kalloo informed the
symposium that CISSIP was fashioned by the Caribbean Inva-
sive Species Working Group¢@IS WG) andipyesenpedito the
COTED, which agreed that financing should be sought for the
project proposal. She added that Non-CARICOM countries
in the CISWG presented endorsements from their govern-
ments regarding the proposal.

“The CISSIP proposal emphasises the case for co-operation
in addressing this issue. This, along with the recognition of the
severity of the economic and social implications of invasive
species has driven all of the 39 countries of the Greater.
Caribbean to indicate their willingness to participate in the
tracking, prevention, and eradication of these ‘unwanted

' guests’,” Ms Kalloo informed the symposium.

She added that in considering a strategy for safeguarding
against threats of invasive species multi-country co-operation
is perhaps the most efficient means of addressing this issue.
“Indeed no country in the Greater Caribbean is capable of pro-
tecting itself from invasive species without the cooperation of
other countries,” she added.

The Caribbean Invasive Species Working Group will have
its annual meeting on Friday July 18 at which the CISSIP pro-
ject will be discussed, with emphasis on questions of funding
and implementation. ‘





operation on Agriculture
(IICA), the French Agency
for Animal and Plant Health,
CIRAD and CARDI.

The Caribbean Invasive
Species Working Group com-
prises all English, French,








> my
9

SUONLPY OAnvald g



Dutch and Spanish speaking
countries/territories in the
Caribbean Basin, including
the states of the United States
of America bordering the
Gulf of Mexico.

The working group, which
is chaired by CARDL, is com-
prised of the CARICOM Sec-
retariat, CAB International,
the Food and Agriculture
Organisation (FAO), the
Inter-American Institute for .
Co-operation in Agriculture
(IICA), University of the
West Indies (UWI), Univer-
sity of Florida, CIRAD, Flori-
da A&M University, IDIAF,
USDA-APHIS and the Pan
American Health Organisa-
tion (PAHO).

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.



THE | HIBUNE

m By TANEKA THOMPSON
Tribune Staff Reporte

ASPIRING filmmakers
between the ages of 10 and 25
years old are being encour-
aged ‘to. enter the Bahamas
International Film Festival's
"Reel Life" documentary
competition.
The competition will pro-
‘vide emerging filmmakers with
an opportunity to showcase
films focused on Bahamian
cultural and social issues, for
example tourism, crime, the
economy or the environment.
"The Reel Life documen-
tary competition is for any
social issue that (young film-
makers) feel like they're
attached to. What it.is all
about it to empower the youth
to give them an opportunity
.to tell their stories and to
encourage our community to
support to support their sto-
ries. .. so we're all learning
about our culture and our
issues, "
executive director Leslie Van-
derpool said.
Brian Lee, 20, a Bahamian
film student, at the Savannah

on? bordel oil

ser giy Gs ,

a re ee NT ET OE ELT QA EN ERI POI A RE ARSE PN

‘aw Oe Co te

“

woes en

dm oen

tthompson@tribunemedia.net

BIFF founder and °

INDIRA COLLIE, Leslie Vanderpool and Brian Lee.

BIFF launches ‘Reel Life’
documentary competition

College of Art and Design
gave tips on how to create an
inspiring and exciting docu-
mentary.

He plans to start shooting a
documentary on: second gen-
eration Haitians and immigra-

tion issues in the Bahamas this ,

summer.
"If you have an issue in
mind please be passionate

about it — the only way you.
can go to the next step is if you

believe in what you are doing.
Second of all, in the docu-
mentary world the first thing
that you have to do is to create
a one page synopsis of what
your film's about. That alone
will take you to the next step.

"Once you have a camera. .
. really think about where
you're going to be shooting
and who you're going to.be
interviewing — don't just take.a
camera and start shooting;
think about it,” he said.

BTC is a major sponsor of
the competition, and the com-

pany’s senior associate of pub-

lic relations Indira Collie said:

"The Bahamas Telecommu-
nications Company is all about
connecting people. .. And so
today we're grateful for the



opportunity to connect groups
and organisations like BIFF to
their dreams to make them a
reality.”

Ansbacher (Bahamas) Ltd
donated 30 cameras to youth
organisations around the coun-
try including the Ranfurly
Home, the HOPE foundation,
the Elizabeth Estate's Chil-
dren's Home, the Children's
Emergency Hostel, the Simp-

son Penn Centre and the’
Willamae Pratt Centre to

ensure that as many young
people as. possible have the

tight tools to enter the com-

petition.

‘Films should be between 10
to 20 minutes in length and
should be presented in DVD
format, with optional dialogue

_ and commentary.

The déadline for the "Reel

_ Life" documentary competi-

tion is August 15.

The grand prize winner will
be awarded $1,000 cash donat-
ed by BTC; first, second and
third prize winners will be the
special guests at a competition
reception and special recogni-
tion ceremony at the 2008
Bahamas International Film
Festival.

Saturday, July 19th
10:00 am

Who says Summer Can Be Fun!
Join us at Mr. Pretzel’s
in The Mail At Marathon.
Celebrate Summer with
lots of Fun, Snacks and Games!

»Fun for all primary school age children.

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PAGE 8, FRIDAY, JULY 18, 2008

THE TRIBUNE



Life sentence for man
convicted of stabbing death

Mane

NOTICE

. The office of KPMG in Nassau will be

closed on Friday, July 18, 2008.
Business will resume on Monday July
21, 2008 at 9:00 a.m.

We apologize for any inconvenience caused.

AUDIT ® TAX ® ADVISORY

©2008 KPMG, a Bahamian partnership and a member firm of the KPMG network of independent member firms affiliated
| with KPMG International, a Swiss cooperative.

j



~

‘CREDIT SUISSE






Credit Suisse Nassau Branch

is presently considering applications for a

OPERATIONS ANALYST

The Human Resources Department is accepting applications for a position in
the Treasury & Issuance Operations Department. This is an exciting opportunity
for the right candidate to join a prestigious Swiss Bank.






The position is open to candidates with the following minimum requirements:




Qualifications: i

: - Two (2) years experience in Money Market & Foreign Exchange
Trading and/or Settlement

- Knowledge of securities markets and instruments (bonds,
equities, & derivatives)

- PC Literacy (MS Word, Excel)

- A Bachelor’s degree with concentration in Finance, Accounting

or Business Administration







The candidate will be expected to perform the following duties:

- Book money market & foreign exchange trades, and manage
nostro accounts in major currencies

- Verify coupon calculations and settle coupon payments

- Book structured notes, warrants, and derivatives and settle

payments

Personal Qualities:
The candidate is expected to display the following qualities:
- Excellent organizational and communication skills
- Ability to work in a small team
- Ability to work under pressure with minimum supervision

. Benefits provided include:

- Competitive salary and performance bonus
- Pension Plan
ne Health and Life Insurance

ONLY PERSONS MEETING THE ABOVE REQUIREMENTS NEED APPLY

Applications should be submitted to:
Human Resources Department

P.O. Box N-4928
Nassau, Bahamas

















or via fax 356-8148

DEADLINE FOR RECEIPT OF APPLICATIONS IS 25" JULY, 2008








FROM page one

charged with murder, howev-
er prosecutors accepted his
plea of guilt to the lesser
charge of manslaughter.

During a sentencing hear-
ing yesterday, Simmons’
attorney Dwayne Hanna had
asked the court for leniency,
submitting that Simmons did
not have a normal childhood.
Mr Hanna submitted that as a
child, Simmons had received
certain emotional and psy-
chological abuse.

In his judgment, Justice
Lockhart said it seemed that
Simmons went “off track”
very early in his life and that
his mother had done nothing
to assist him. Justice Lock-
hart reminded Simmons of
the fifth commandment, not-
ing that Simmons had disre-
spected his mother and
grandmother by not heading
their words.

_“TIn the circumstances there
is nothing I can do for you,
but sentence you to life,” Jus-
tice Lockhart said.

After the sentence was
handed down Simmons was
escorted back to Central
Police Station with his shirt
pulled up to his head as he
tried to conceal his face from
photographers.

The parents of the
deceased stood outside the
courtroom crying in each oth-
ers arms for several minutes,
until Mr McKinney was able
to speak to reporters.

“We feel, given all that has
happened at the beginning of
this terrible situation, God
has been good,” he told
reporters outside the court-
room yesterday as his wife
Treva stood by his side.

“Our faith has not been
shaken, although this has
been hard for us our faith has
not been shaken by the sys-
tem of justice. At a time
when so many doubt the sys-
tem of justice, we feel that
justice has been served. This
case speaks to all of us as par-
ents, that we all have to be
in charge of our children so
that they don’t give us bur-
den or become a burden to

society and damage our rep-'

utations,” Mr McKinney said.
Mr McKinney noted that
Simmons has never apolo-
gised or expressed remorse
for his daughter’s death and
has a lot of soul searching to
do. Mr McKinney said he
would continue to pray for
Simmons.

During the sentencing
hearing yesterday Simmons’
grandmother, Gwendolyn
Brown, who was a Crown wit-
ness at his trial, told the court
that Simmons didn’t appear
to be himself in the weeks
leading up to McKinney’s
death. She said that she had
reared Simmons and
described him as a quiet per-
son who “didn’t keep compa-
ny.” She recalled that she
heard Simmons on the day of
the incident say, “If I don’t
get my baby today I gern do
something stupid.” She
recalled that Simmons’ father
and sister perished in a house
fire when he was about nine
or 10 years old and that Sim-
mons had received coun-
selling after the incident. Still
she told the court that Sim-
mons had a stable home, was
very well loved by his family
and was given whatever he
asked for.

Mrs Brown described the
deceased as a mannerly girl.
She said that she had never

witnessed any physical vio-
lence between her grandson
and Trevonne. However, she
had heard of incidents and
was told by Trevonne that
Simmons had beat her up in
the road.

Mrs Brown said that
Trevonne had fold her that
she was afraid to bring the
baby around because Sim-
mons had threatened to burn
himself and the baby up in
the house.

Simmons’ mother,
Rosezreo Simmons, told the
court that her husband had
abused her constantly and
used marijuana as well as
cocaine.

She admitted that she too
had used cocaine for a while,
but her husband had ordered
her to stop when she became
pregnant with Michael. She
told the court that Michael
had lived with her for most
of his life and sometimes
stayed with his grandmother.
She said that Michael and his
father had had a great rela-

tionship and that after his’

father’s death, Michael’s
grades in school began to
drop significantly.

She told the court that
Michael attended several pri-
vate schools.

She was questioned exten-
sively about his expulsion
from Teleos Christian School
over.an alleged sexual inci-
dent with a female student.
Mrs Simmons told the court

that she felt that the incident |

was dealt with wrongly.
She recalled that two weeks
before Trevonne was killed,

Trevonne, her son and their
daughter had come to visit
her in Fort Lauderdale. She
said that at that time she saw

“no signs of any problems

between the two. She told the
court that Michael had told
her he was having problems
with the deceased and she ©
had suggested he leave her
alone. Mrs Simmons told the
court that she knew that shé
had spoiled her son.

Lisa Bowleg, a probation
officer told the court that
Simmons had told her that his

relationship .with. the
deceased had started to dete-
riorate after he was

approached by someone who
said that they had had rela-
tions with the deceased.
According to Ms Bowleg,
Simmons claimed that, con-
trary to his grandmother’s
account of the incident,
Trevonne had come towards
him with a knife.

She said that Simmons
claimed that he took the
knife from her and stabbed
her.

The probation officer also
noted that the parents of the
deceased were deeply sad-
dened by her death and had
removed all photos of her
from their home because they
could not explain to their
granddaughter where her
mother is at this time.

Ms Bowleg said that Sim-
mons has expressed no
remorse, nor has he taken
responsibility for his actions.
She said that Simmons has
sought rather to cast blame
on everyone else.

Troyniko McNeil
‘could be set free’

FROM page one

family finds it curious that Troyniko was not immediately deport-
ed or handed over to Bahamian police for questioning.
The family reportedly is questioning the veracity and quality of
the evidence police have in this case.
The source told The Tribune last week that the McNeil family is

keeping a close eye on how this case is being dealt with, and are pre-

pared to take legal action if the US government or Bahamian
police violate Troyniko’s rights in any way.

$700,000 of marijuana
is seized by the DEU

FROM page one

At around 1.30 yesterday
morning, the officers saw a
white go-fast boat about two
miles off Yamacraw Beach.

Spotting the DEU officers
approaching, the go-fast boat
sped off in an attempt to outrun
the police vessel. .

However, the officers soon
caught up with the speeding
boat and intercepted it.

On board, the police found
two men, ages 47 and 28.

The officers also discovered
681 pounds of marijuana. in 19
crocus sacks.

The estimated street value of
the drugs is $700,000, Asst Supt
Walter Evans said yesterday.

Both men were taken into
custody and police investiga-

‘tions into the incident contin-

ue.

Mr Evans emphasised that
without the help of the public,
these arrests would not have
been possible.

“The police are tremendous-
ly grateful,” he said.

Mr Evans that this is the kind
of relationship the police hopes
to cultivate with all Bahamians

in order to eradicate crime in
the country.

“It’s a reciprocal relation-
ship,” he said.

Just minutes after police
apprehended the would-be drug
smugglers, other officers, also
of the DEU and acting on infor-
mation supplied by the public,
were able to capture an illegal
firearm.

Mr Evans said that a 38mm
handgun was found near Bail-
lou Road, close to Farmer’s
Market.

No arrests were made in con-
nection with the discovery of
the weapon.

About 30 minutes later, at
around 2am yesterday, officers
of the mobile division on patrol
observed a 1988 Honda Accord
with three male occupants dri-
ving on St James Road.

Officers stopped the car and
searched both the vehicle and
the Honda’s occupants. A hand-
gun and seven live rounds of
ammunition were found during
the search and the three males —
one a juvenile, the other two 18
year olds, were arrested.

Fully equipped, sophisticated





THE TRIBUNE

Winners delighted
with Diamond Awards

THE highpoint’ of Baha Mar’s
3rd Annual Diamond Awards was
the announcement of the 2007
Associate of the Year, 2007 Super-
visor of the Year and 2007 Manag-
er of the Year.

Nominees for: the top awards
were drawn from each Baha Mar
property, which include the Shera-
ton Cable Beach Resort, the Wyn-
dham Nassau Resort and the for-
mer Nassau Beach Hotel.

On the evening of the awards,
the announcer called off the nom-
inees in each category. At the end,
three hard-working and loyal
employees walked away with the
prestigious honours.

The Manager of the Year award
went to Cyprianna Major, a nine-
year managerial-level employee of
the Sheraton Cable Beach Resort,
who-has held the post of chief
concierge for almost a year.

Mrs Major said she was

“extremely excited” to be chosen
as Manager of the Year.

“Tt took a lot of hard work and
dedication. Our slogan at the Sher-
aton is ‘I make the difference, J am
Sheraton’ it is up to you to make
the difference.”

Her. hard work was rewarded
with her employer’s appreciation
and prizes that include a seven-day
Caribbean cruise, a round-trip tick-
et for two to Fort Lauderdale,
$1,000 spending money, a lap-top
computer and flowers.

‘Andrew Sturrup, winner of the
Associate of the Year, is a shift
engineer at the Wyndham Nassau
Resort.

- When he received his award he
said, “I was so surprised. For a big
resort like this, I never thought that

“one day I would be chosen as Asso-
ciate of the Year.”

Mr Sturrup said he considers the
Wyndham as his “first home” and
expressed his thanks to the man-

agers and supervisors for nominat- »

ing him.

He won two round-trip tickets
for two to Atlanta, a six-day, five-
night hotel stay, $500 spending
money and a 32-inch flat screen
TV.

Phyllis Smith, who said that

_ what she enjoys most about her
job is meeting people, was named
Supervisor of the Year, but missed
out on the awards evening owing to
other commitments. However, she
heard the good news when she
arrived at.work the next day.

_ Mes. Smith, a supervisor.of
housekeeping at the Sheraton

Cable Beach Resort, was so over-

whelmed with joy that she began to
cry. ie :

“JT feel. honoured and special. I

3 ¥ '



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the entire store! All Summer!



CYPRIANNA MAJOR was elated when she received the Manager of the
Year award during the 3rd Annual Diamond Awards. (I-r) Barbara
Barnes, human resources director at the Sheraton Cable Beach Resort;
Evelyn Miller, human resources manager at the Wyndham Nassau

- Resort; Cyprianna Major, Manager of the Year; Anatole Major, human

resqurces manager at the Wyndham Nassau Resort, and Hans
Altenhoff, general manager at the Sheraton Cable Beach Resort.

ANDREW STURRUP, a shift engineer at the Wyndham Nassau Resort, was -



named the Associate of the Year. (I-r) Earle Bethell, general manager at
the Wyndham Nassau Resort; Anatole Major, human resources manager at
the Wyndham Nassau Resort; Evelyn Miller, human resources manager at
the Wyndham Nassau Resort; Andrew Sturrup, Associate of the Year, and

know that winning this award will
encourage me to work even hard-
er,” she said.

‘From a leadership standpoint,
Mrs Smith said she encourages her
team to be pro-active and antici-
pate guest needs, asking before-
hand if there is anything further
that could be done to make their
stay more enjoyable.

Mrs Smith will enjoy a five-day

Caribbean cruise. Her hard work

and dedigation also earned. her

zi round-trip. tickets for two to Fort

Lauderdale with $700 spending
money. She also won a washer and
dryer.

Director of-human resources
Sheraton Cable Beach Resort Bar-

_ Jeffry Humes, managing director at the Wyndham Nassau Resort.

bara Barnes congratulated the
resort’s two winners Cyprianna
Major and Phyllis Smith on behalf
of the general manager, Hans
Altenhoff, and the executive team.

“We are very proud to have
these ladies on our team. They are
precious gems at the Sheraton,”
she said.

F Renee McKinney-McPherson,
director of human resources at
Wyndham Nassau Resort, con-
gratulated Andrew Sturrup on his
win.

“We aré so ‘proud of his’ dili-
gence. We continue to receive
guest compliments on his behalf
because of his hard work and ded-
ication.”



FRIDAY, JULY 18, 2008, PAGE 9

of Saeaaaapecoe

NULOV ING MEMO}
. 'TERNON HARTMA
BULLARD

Born: Feb. 18, 1915
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And know our loved one is not dead,
But @nly sleeping and out of sight
In that land where there is no night.
Se Helen Steiner Rice),

“FOND MEMORIES WILL. FOREVER
LINGER IN THE HEARTS OF WIFE
DORIS BULLARD, FAMILY AN 2:
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THE TRIBUNE



Victims ‘stalked and raped at
sunpoint’ by bisexual attacker

FROM page one

but after the question was put
to him by The Tribune yester-
day, Chief Supt Basil Rahming
confirmed that police are hunt-
ing for such a man, and urged
the public to keep a watch out
for suspicions person. He said
the culprit usual strikes during
the early morning hours, enter-
ing the homes of unsuspecting
victims.

Sources say the expertise
with which he carries out his
attacks could mean there are
many more victims who have
yet to come forward.

While the police released no
further information, it is
believed that the rapist stalks
his victims before striking. He
seems to be familiar with the
lay-out of each home and to
know how many persons live

and leaves no evidence at the
scene of the crime, The Tribune
was told.

He covers his victims with a

cloth and uses a condom during ~

sexual intercourse. After raping
his victim, he then makes the
individual shower to get rid of
any physical evidence.

According to sources, one ©

the victims is very concerned
over the silence by police and

fears that the rapist will strike .
\again.

The latest incident occurred
on Thursday at-around 4am,
involving a 21-year-old woman.

The victim reported to the
police that she was awakened
by a masked man armed with a
handgun.

The suspect ordered her to
remain quiet and forced her to
engage in sexual intercourse
against her will.

He then robbed her of an

scene, it was discovered that
entry had been made through a
kitchen window.

She described her attacker
as a tall man of slim built.

Supt Rahming ‘said the first
reported case involved a 26-
year-old woman who was also
raped under similar circum-
stances.

He said the victim was awak-

ened around 5am by a masked

man armed with a handgun in
her home. The man ordered
the woman not to scream and
took her outside her house,
where he then had sexual inter-
course with her against her will.

The suspect was described as
being about 5'9" tall.

He was wearing short blue
jeans, a black shirt. and white
tennis.

“As a result of these attacks,
the police are advising the pub-
lic to be on the lookout for sus-


















frame ‘ there. undetermined amount of cash — picious persons lurking around

i * Six disc CD changer The rapist wears amask and nq fled the scene on foot. their neighbourhoods, particu-
; Keyless remote system =, Leather seats asi hee hcg either a gun The woman called the police. ° larly during the early morning
f ¢ Front dual air-bags or nite. Te 1s very cunning’ When officers arrived at the hours,” Mr Rahming said.
Vesa ° sf Seen

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independence Mirrors: Fatal police exercise spot hatily chosen’
‘| ¢ Air conditioning vecheinmlogked
‘| : g looked into during the investigation, he
E © CD/radio/cassette FROM pase one said.

‘Eyewitnesses claimed that the training exer-
cise was poorly structured and ill-advised. They
said that the group was in the water towards the
eastern end of the beach when the accident

* occurred.

The men and women were weighted down in
the water with weapon belts, military boots and
full dress uniform in temperatures around 90
degrees Fahrenheit, when several officers became



office, and the injury of 10 other officers.
Police media spokesman Asst Supt Walter

Evans told The Tribune yesterday that the 10
- police officers injured in the exercise are all out of

danger and in stable condition at the Princess

Margaret and Doctors hospitals.

- Two of the officers still remain in the Intensive

Care Unit and are in serious, but stable condition, '

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Mr Evans explained that when a larger group of
police officers is injured it is customary to spread
them over the two hospitals.

However, he could not say what kind of
treatment the individual officers were
receiving.

Speaking with The Tribune yesterday, Chief
Supt Glen Miller, officer in-charge of the Central -

. Detective Unit, said that the investigation into.
what went wrong during the training exercise is
continuing.

Determining whether all of the @ttiers had
the necessary swimming skills is something which ..,

fell into what is believed to be a sink hole.

Jet ski operators, swimmers on the beach and
fellow officers went into the water in.an attempt
to rescue the officers, some of whom were sub-
merged, weighted down by their equipment. At
least five officers were said to have been in par-
ticular distress, with at least two being rescued
from under water.

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THE TRIBUNE







q BANK

Commonwealth Bank was able to report net income of $24.5 million, an increase of 10.4% over the
same period of 2007 ($22.4 million), despite the challenges facing the economy.



This robust performance resulted in earnings per share for the second quarter of 10 cents, (2007: 9
cents) and for the six months to June 30th 2008 of 22 cents, compared to 20 cents for the first half of
2007, an increase of 2 cents per share or 10%.

The principles of safety and soundness embedded in our strong corporate governance regime results
in prudent management of the Bank, adopting the appropriate policies and procedures to steer the
Bank through the current economic climate.

Compared to the same period in the prior year, Annualised Return on Common Shareholders’ Equity
was 35.5% up from 33.9%. At June 30th, Total Assets exceeded $1.25 billion, up 8% from December
2007. Return on Assets decreased to 3.50% from 3.65%, reflecting a 22% increase in the Cash and
Securities portfolios over December 2007.

In the second quarter, the Bank has continued the positive start it made in the first quarter of 2008,
a year widely regarded as being a very challenging year. Our impaired loans at 1.4% of total loans

FRIDAY, JULY 18, 2008, PAGE 11

COMMONWEALTH

CHAIRMAN’S REPORT ON UNAUDITED RESULTS JUNE 30, 2008

remain well below industry averages, and our Balance Sheet remains strong with impaired loans
being covered 1.5 times by loan loss provisions.

The economic condition of the US economy has if anything, declined in the second quarter, and many
anticipated capital project inflows have been either cancelled or deferred. We continue to monitor the
potential impact on tourism as the airline industry continues to struggle. We anticipate some relief
for the local economy through the recent Budget announcements of public sector projects. With the
Bank being ever vigilant to adjust to the prevailing market conditions we expect the current trends to
continue through the rest of 2008.

It is in difficult times that we distinguish ourselves and our continuing success stems from the
dedicated teamwork of every member of Commonwealth Bank staff who strives to deliver service

excellence to our customers.

y f Oa.
“T. [Donaldson

Chairman



COMMONWEALTH BANK LIMITED

CoNSOLIDATED BALANCE SHEET
(Expressed in B$ ‘000s) (Unaudited)

COMMONWEALTH BANK LIMITED

CoNSOLIDATED STATEMENT OF INCOME
(Expressed in-B$ ‘000s) (Unaudited)

June 30, 2008 June 30, 2007
INCOME:

Interest income $ ° 36,846 $ 31,946
Interest expense (12,605) (10,035)
Net interest income _ 24,241 21,911
Loan loss provision (3,670) (2,611)
20,571 19,300
Life assurance, net 1,196 1,154

Fees and. other income
23,991 22,389
Non-INTEREST Expenses:
General and administrative 11,613 11,165
Depreciation and amortization 626. 610 —
Directors’ fees 43 39
12,282 11,814
Net Income 11,709 10,575
Preference Share Dividends (1,487) (1,487)
Net Income AVAILABLE TO COMMON SHAREHOLDERS $ 10,222 $ 9,088
AVERAGE NuMBER OF COMMON SHARES 98,227 98,316
(Thousands)
Earnincs Per SHare (3 months) $ 0.10 0.09

COMMONWEALTH BANK LIMITED
CONSOLIDATED STATEMENT OF INCOME
(Expressed in B$ ‘000s) (Unaudited):

INCOME:

3 months ending

December
June 30, 2008 31, 2007
ASSETS
Cash and deposits with banks $ 19,371 $ 20,934
Balances with Central Bank 78,946 72,609
Government Stock, Investments and Treasury Bills 135,409 98,050
Loans Receivable (net) 1,008,298 954,943
Premises and equipment ~ 32,902 30,912
Other assets 1,094 1,726
TOTAL $ 1,276,020 $ 1,179,174
LiaBILITIES AND SHAREHOLDERS’ Equity
Liabilities:
Deposits $ 1,026,368 $ 935,730
Life assurance fund 17,489 16,184
Other liabilities 27,264 26,364
Total liabilities 1,071,121 978,278
Shareholder’s Equity: . .
Share capital 86,946 86,951
Share premium 25,864 27,643
General Reserve 10,500 10,500
Retained earnings 81,589 75,802 -
Total shareholders’ equity 204,899 200,896
TOTAL $ ° 1,276,020 $ 1,179,174

3 months ending



6 months ending 6 months ending

June 30, 2008

June 30, 2007

COMMONWEALTH BANK LIMITED

CoNnSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS’ Equity ©

(Expressed in B$ ‘000s) (Unaudited)

6 months ending

6 months ending





June 30,2008 =--—- June 30, 2007
PREFERENCE SHARES °
Balance at beginning and end of period $ 84,983 $ 84,983
Common SHARES
Balance at beginning of period 1,968 1,964
(Purchase)/Issuance of common shares (8) 2
Balance at end of period 1,963 _ 1,966
SHARE PREMIUM ie
Balance at beginning of period 27,643 26,429
(Purchase)/Issuance of common shares (1,916) 472
Employee stock options oo 137 CO
Balance at end of period 25,864 | 26,901
GENERAL RESERVE
Balance at beginning and end of period 10,500 10,000
RETAINED EARNINGS
Balance at beginning of period 75,802 50,496
Net income 24,509 22,196
Common share dividends (15,748) (11,799)
Preference share dividends a (2,974) (2,974)
Balance at end of period 81,589 - 57,919 |

SHAREHOLDERS’ Equity AT END OF PERIOD

COMMONWEALTH BANK LIMITED

ConsoLipATeED STATEMENT OF CASH FLows
(Expressed in B$ ‘000s) (Unaudited)

Cash FLows FROM OperATING ACTIVITIES:

| COMMONWEALTH BANK LIMITED

$ 204,899

6 months ending
. June 30, 2008

NOTES TO UNAUDITED INTERIM CONSOLIDATED FINANCIAL STATEMENTS
SIX MONTHS ENDED JUNE 30, 2008 (EXPRESSED IN B$ ‘000S) (UNAUDITED)

$ 181,769

6 months ending
June 30, 2007

Interest Receipts $ 65,998 $ 56,912
Interest Payments (24,485 ) (19,434)
Life assurance premiums teceived 5,095 4,630
Life assurance claims and expenses paid (1,958 ) (1,722)
Fees and commissions received 5,334 4,572
Recoveries 3,439 3,070
Cash payments to employees and suppliers (21,573) ° (17,972)
31,850 30,056
Increase in loans receivable (59,610) (68,637)
Increase in deposits _ 90,638 74,451.
Net cash from operating activities 62,878 35,870
Cash FLows FRoM INVESTING ACTIVITIES:
Purchase of Government Stock, Investments
_-and Treasury Bills . (77,082) (49,007)
Interest receipts.and repayment of oo
Government Stock and Treasury Bills 42,706 35,206
Purchases of premises and equipment _ __(3,222) (2,260)
Net cash used in investing activities (37,598 ) (16,061)
Cash Flows FROM FINANCING AcTiviTiEs:
Dividends paid (18,722) (14,773)
(Payment)/Proceeds from purchase/issue
of common shares (1,921 ) 474
Share based payments 137 0
Net cash used in financing activities (20,506 ) (14,299)
Net INCREASE IN CASH EquivALeNTS 4,774 5,510
Casu Equivacents, BEGINNING OF PERIOD 93,543 92,295
Cash Equivacents, END oF Period $ 98,317 $ 97,805

Interest income $ 72,420 $ 62,542 —
Interest expense (24,485 ) (19,434) | 1. ACCOUNTING POLICIES
Net int P ti 47 19,48 | These consolidated interim condensed financial statements have been prepared in accordance with
et interes Income 1935 43,108 | International Accounting Standards 34 Interim Financial Reporting. The accounting policies used in the
Loan loss provision (6,255 ) (4,691) | preparation of the interim financial statements are consistent with those used in the annual financial
. 41.680 38.417 statement for the year ended December 31, 2007.
Life assurance, net 2,767 2,365 . The consolidated financial statements include the accounts of Commonwealth Bank Limited (“the Bank”) and

Fees and other income

_ Non-InteRest Expenses:
General and administrative
Depreciation and amortization
Directors’ fees

Net INcomE

Preference Share Dividends

Net Income AVAILABLE TO COMMON SHAREHOLDERS
AVERAGE NUMBER OF COMMON SHARES

(Thousands)
Earnincs Per Suare (6 months)

48,846

23,022
1,232
83

24,337
24,509
(2,974 )

$___ 21,535 _
98,227 __

0.22

ee ieee A i

44,553

21,041
1,233
83
22,357

22,196
(2,974)

$19,222
98,316

—__

$ 0.20

its wholly owned subsidiary companies. The subsidiaries are Laurentide Insurance and Mortgage Company

| Limited, C.B. Securities Ltd. and C.B. Holding Co. Ltd.

2. BUSINESS SEGMENTS
For management purposes, the Bank including its subsidiaries is organized into two major operating units
— Bank and Real Estate. The following table shows financial information by business segment:

June 30, 2008 June 30, 2007
Revenue
Bank segment — External $ 48,811 $ 44,417
Real Estate segment — External $ 35 $ 135
Real Estate segment — Intersegment $ 729 $ 729
Net Income
Bank segment $ 24,639 $ 22,020
Real Estate segment $ (130) $ 176
Consolidated $ 24,509 $ 22,196

3. DIVIDENDS

The Directors have approved interim quarterly dividends in the amount of 5 cents per common share (2007:
4 cents) and an extraordinary dividend of 6 cents per share. The total dividends paid as of the interim date is
16 cents per share for common shares (2007: 12 cents). The dividends are declared on a quarterly calendar
basis. The interim financial statements only reflect the dividends accrued for the interim period.

4. COMPARATIVE FIGURES-DIVIDENDS AND EARNINGS PER SHARE
On October 17, 2007, the shareholders approved a three-for-one split effective November 9, 2007.
Comparative per share data for 2007 has been restated to recognize the effect of the stock split.



YOU'SUOHBIOYOANBAD BO0ZO



THE TRIBUNE




SECTION A

PaReRERET J

FRIDAY, JULY 18, 2008

_INSIDE © Olympic profiles










TTT
expected to
MRT

















_a fourth round TKO
over American Jerer !
ton, who came in as a late





replacement for Gbengaon

May 24 after the African ©

_ was unable to come to town ~

because of a visa problem. —
Gbenga, 29, has not



fought since December 8
Lancashire when he su
_ fered his second straight
_ defeat at the hands of D
_ Francis when he stepped up
| weight to fight for
_ Commonwealth light hea:
weight title.

While they wait for the”

rival of Gbeng

ho will be appearing on
e undercard and she

"expects that they will all
in town by this morning
The weigh-in is set for

Gymnasium.

Yel-

_ p.m, at the Kendal Isaacs _

Bahamas men's 4 x 400 team:
placed second in Olympic qualifier

Women’s 4 x 100
team falls short

. @ By BRENT STUBBS"

Senior Sports Reporter
bstubbs@tribunemedia.net

THERE’S been a lot of
regret that with the talent
available, the Bahamas won’t
qualify to compete in the

-women’s 4 x 100 metre relay

at the XXIV Olympiad.

But the latest team rank-
ings released by the Interna-
tional Amateur Athletic
Association showed why only
the men’s 4 x 400 team will
be.competing in Beijing, Chi-
na next month.

WOMEN’S 4 X 1 TEAM

In its final listing of the top
16 performances going for
the Olympics as of July 16,
the actual cut-off date for
qualification, the Bahamas

- women’s 4x1 team didn’t

In celebration of Ted
Smith's 70th birthday, family
‘and friends made donations
to the Squash Club on Vil-
lage Road in order to hold a
Summer Camp for nine chil-
‘dren from the Ranfurly
Home for five days.

Ted Smith became a mem-
ber of the Squash Club in
1975 during the pre-con-
struction of the club ‘and has
been playing squash ever

* since.

The children were taught
by the manager and coach,
Barbara Albury and Jimmy
Lightbourn respectively, the
basic squash racquet skills,
rules to play the game and
practiced a variety of drills.
The final day ended with a
barbecue on the patio of
hamburgers and hotdogs.

Freedom Farmers do the Bahamas proud

THE FREEDOM FARM Baseball
League sent an All Star seven-nine years
Coached Pitch Baseball Team to Okee-
heelee 4th July Classic Tournament held
in Wellington, West Palm Beach.

teams participated.

The Freedom Farmers from The
Bahamas did not win the championship but
set tongues wagging by their mere exis-
‘tence.

The torrential. rain attempted to

the spirits of the organisers of the Okee- ©
heelee Coached Pitched Baseball Tourna-
ment but did nothing to dampen the enthu-
siasm of the visiting Freedom Farmers from

}

make the top 20, as indicated
by the Bahamas Association
of Athletic Associations with
the team just falling shy at
number 17.

The qualifying perfor-
mances, based over the past
year, showed that the United
States produced the two best

‘marks of 41.98 and 42.24 sec-

onds at the World Champi-
onships last year in Osaka,
Japan for an average of

A111.

Jamaica is second with
their best times of 42.01 and
42.70 at the World Champi-
onships as well for an aver-



Nassau, Bahamas.

Fifteen

dampen

It did not take long before the powerful
Bahamian team caught fire by bruising the
Magnolia Park Beach Black Sox with a
score of 11-5. The game was postponed
because of rain on Thursday evening but
was completed on Friday morning at 8am.

The second game which was scheduled
for 8pm on Thursday evening but was post-
poned because of rain and was played at
9.30am on Friday. Again the confident, well
coached and well disciplined Freedom
Farmers released a barrage of heavy bats on
the Fort Lauderdale Nationals team by the
identical score of 11-5.

age of 42.36.

Also from our region,
Brazil is 14th with their best
time of 43.36 while Trinidad
& Tobago is 15th at 43.43
and Cuba rounding out the
top 16 at 43.46.

Waiting in the wings in the
final four spots to complete
the top 20 listing are Thai-
land with 43.38; Nigeria with
43.58, Australia with 43.62
and Japan (43.67) and Ghana
(43.76) tied with an average
of 43.80. ;

. ’ The Bahamas, which failed

to field a team for the World
Championships where only

OFFERING a fun summertime activity to children who might not otherwise get the chance to play - while also widening the interest in
‘their sport, were Barbara Albury (far right), manager/coach of the Squash Club, Village Road and Jimmy Lightbourn, manager/coach
-at the Squash Club. The special summer camp was established on behalf of long time Squash Cl
Smith (far left), who recently celebrated his 70th birthday.

~ RANFURLY HOME CHILDREN ENJOY
SUMMER CAMP AT SQUASH CLUB:

ub member ahd avid player Ted

eight teams competed, had a
best showing this year of
43.85 by the team of Kristy
White, Chandra Sturrup,
Timicka Clarke and Debbie
Ferguson-McKenzie at the
Scotiabank Olympic trials.
The BAAA never got the
opportunity to run a combi-
nation of the senior and
junior athletes together this
year as they were not all
available at the same time.

MEN’S 4 X 1 TEAM

The same was the case with
the men’s 4 x 1, which was
attempting to qualify as well.
They were also not included
in the top 16 or even the top
20.

The best performance

came from the team of Adri- ¢

an Griffith, Derrick Atkins,
Rodney Green and Shamar
Sands, who ran 39.22 at the

BARBARA
ALBURY and
Jimmy Light-
bourn, both
managers/coach
s of the Squash
Club, Village
Road, take time
out to instruct
and play with
some of the resi-
dents of the
Ranfurly Home
for Children dur-
ing a recent
summer camp
sponsored by
friends and fam-
ily members of
Ted Smith, an
avid squash
player, in honour
of his 70th birth-
day.

The schedule 1lam game on Friday

seen.

morning saw a downpour of more bats with
the Farmers showing that the previous
games were no fluke by humiliating the
Wellington Fury by a score of 12-2.

The parents of the Farmers that accom-
panied the team, shook cowbells and
screamed with levels of excitement rarely

Saturday was no different; The Farmers
from The Bahamas whitewashed the Okee-
heelee Superstars by a score of 10-1, never
giving the opposing team a chance.
Farmers who enjoyed a 4-0 win/loss record

The

SEE page 15

f






























Central American and
Caribbean Championships in
Cali, Colombia.

However, it was nowhere
near the time of 39.08 that
Russia produced for the 20th
spot. Thailand rounded out
the top 16 qualifying spot |
with a best of 38.94.

The Bahamas, therefore,
will only be represented by
the men’s 4 x 400 team,
which has the second fastest
qualifying time and not the
sixth as indicated by the
BAAA.

The IAAF, in his latest list-
ing, had the Bahamas in sec-
ond with their two best times
of 2:59.18 that the combo of |
Avard Moncur, Michael
Mathieu, Andrae Williams
and Chris Brown ran for the
silver at the World Champi-
onships.

. SEE page 15 _

Musgrove
‘grateful to
be alive’

TRIBUNE

EXCLUSIVE

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



RESERVE
Constable 90
Barron ‘Tur-
bo’ Musgrove
is grateful to
be alive after
the drowning
of one of his
fellow Police
officers during
a training ses-
sion in Good-
man’s Bay.

Musgrove,
the president of the New Provi-
dence Cycling Association and
one of the country’s top cyclists,
was a part of the 20-plus class
that was doing a two-week train-
ing course in firearms.

. They were going through

water training in Goodman’s
Bay on Wednesday when fel-
low officer Desmond Burrows
died after getting into difficul-
ties.

Musgrove, who was rushed to
Doctor’s Hospital where he was
resting as he recovered from the
ordeal, said he was still trying
to some to grips with what hap-
pened. :

“T really don’t remember too
much because when I came out
of the water, I collapsed,” he
stated. “I reached that point
where my body was just
fatigued.

“T couldn’t believe what hap-
pened. I’m still trying to get a
clear picture of what happened.”

Musgrove, who turns 40 on
September 13, said he had been
a reservist for just about a year.
He added officers were going
through the second day of the
two-week course when the inci-
dent occurred.

“In any type of military work
like this, you have to go through
a training process,” he said. “So
we knew that we had to do the
training. We didn’t expect it to
end up like this.”

Lying in his bed, Musgrove
said he was thankful to God that
more lives were not lost.

He expressed his condolences
to the family of Burrows. While
grateful to be alive, he said his
prayers went out to the Burrows
family.

With the Tour de Grand
Bahama being staged in the next
two weeks, Musgrove said he

SEE page 15

Musgrove





THE TRIBUNE FRIDAY, JULY 18, 2008, PAGE 13





BAHAMAS ASSOCIATION OF ATHLETIC ASSOCIATIONS

MEMBERS OF THE- ORGANIZING COMMITT



Scotiabank || or
| : __ For Sponsorship of BTC Jr. National

For Sponsorship of the Scotiabank — 1 Track eee po rionehips |
_ Olympic Trials 7 : : al BIC Sr. Cential American and Caribbean

- Athletic Championships Team

Derrick Atkins
Adrian Griffith
Shamar Sands

Ramon Miller
Michael Mathieu



_ Event Sponsors q Suppliers
Bahamas Ferries Burns House
- Creative Works (Just Rush) Caribbean Bottling CO (Bahamas) Ltd
Devins Photo Micronet Business Technology
IBM Bahamas Ltd. L Migrafil Security International Ltd .
Windshield House .
ZNS







â„¢~



Favouri

PAGE 14, FRIDAY, JULY 18, 2008

Age: 23

Birthday: April 30th.

Height: 6-feet.

Weight: 165-pounds.

High School: St. Augustine's College.
College: Auburn University.

Major: Logistics.

Sports events: 110M Hurdles.

Personal best performances: 13.44
| seconds.

Coach: Henry Rolle.

Favourite colour: Black. -



1







Favourite song: Too many to choose.
Favourite movie: Too many to choose.

Hobbies: Playing video games.

Interest: Music and sports.

Idol: Father:

Parents: Tyrone and Virnetta Sands.

Sibling: Sherado, Sherea, Jason Sands.

official restaurant

: food: Macaroni and barbecue ribs.

TRIBUNE SPORTS

LEOMEY





TRIBUNE SPORTS

FRIDAY, JULY 18, 2008, PAGE 15



RRS aS 8 Sloe
Bahamas winless so far at FIBA Americas tournament

mB By RENALDO DORSETT
Sports Reporter

THE BAHAMAS’ third
game of the FIBA Americas
Tournament resulted in the
team’s most closely contest-
ed loss. However it served
as little consolation for a dis-
appointing 0-3 tournament
record compiled thus far.

The Bahamas’ third loss
came at the hands of
Uruguay in a /6-69 defeat
yesterday.

The loss placed the
Bahamas fourth in Pool B
bzhind Venezuela (1-2),
Puerto Rico (2-1), and pool
winners the United States
(3-0).

Argentina (3-0) took Pool
A, Canada (2-1) finished
second, Uruguay (1-2) third

Freedom Farmers do
the Bahamas proud



Defeat by Uruguay places
them fourth in Pool B

and Mexico fourth (0-3).

Against Uruguay, the
Bahamas held a 37-33
advantage at the half in their
most productive outing of
the tournament, however
became undone by a third
quarter collapse.

The team was outscored
25-13 in a lopsided third

quarter as Uruguay took an

eight point advantage into
the fourth.

The lead grew to as much
as 14 in the final fourth but
was cut to just five points on
an Olen Smith basket with
1:14 remaining.

Uruguay converted onâ„¢

KNEELING LEFT TO RIGHT: Diego Duncombe, Alex Johnson,
T’Naige Wallace, Dillan Cartwright, Ajai Hart, Kennon Ramsey,
Devyn Munroe, Avard Hart. 2nd row standing Torres Ingraham,
Tyler Kemp, Seth Fountain, Ennis Rahming, Dominique Collie,
Ramon Hart, Deandre Bannister. Back row left to right Coaches:
Earl Rahming, William Seymour, Derek Munroe.

FROM page 12

was ceremoniously bumped up
to the B Division for the playoff
round again beating the
Acreage Hawks (Red) ‘with a
score of 5-0.

Again the Farmers were
bumped up to the A Division,
but fell to the Acreage Hawks
(White) with a score of 9-5 in
the championship game placing
second in a fifteen team tour-
nament. This was amazing to
say the least.

Of course the Farmers were ©

emotionaily disappointed but

were hailed by all of the coaches

in the tournament as a funda-

mentally sound well prepared

team and looked forward to play-
_ ing them again.



Spectators for the Florida
based teams were highly compli-
mentary of the execution and the
high level of knowledge of the
game by the Bahamian Freedom
Farmers. The Floridians even
said that the team looked pro-
fessional and should be paid.

The organisers expressed a
keen interest in reciprocating by
attending any tournament that
could be arranged in the
Bahamas.

This tournament has shown a
glaring light on the need for a
“National Baseball Programme”
that should be embraced by the

’ government. Much should be

invested in our youth. It is clear
how beneficial this kind of pro-
gramme could assist in carving
the characters of these fine young
boys. This is needed year round.

ee ee epped the list. oun a fold oe 7

D erfermance of 2







“siti third place




the World’s eau. ‘Their average is 3:00. 60. : :

55.56 Aa the Sond s and 2:59. s at ee

i T ‘women needed to run faster than 3:29.75 in order




_ to surpas
for ae



oe ae loth and final aret to a

oy il, Sakeitha Hentield and dys Strachan in.





FROM page 12

was hoping that he would have
been out training with his peers
rather than recuperating in
bed.

“T just wished that I can get
out here today,” said Mus-
grove, who was admitted in
Doctor’s Hospital on Wednes-
day night after he was rushed
from the Police College com-
plaining of chest pains.

“This was a training day for
us, so I really thought I would
have been out training with the
youngsters. but there’s a rea-
son why I’m here. It’s just
unbelievable.”

When contacted, his wife,
Lisa, said their family was

Musgrove: ‘rate to he alive

grateful to God that an even
greater tragedy. did not occur.

“We are just glad that he is

alive,” she stated. “He was ina
lot of pain last night, but he’s
doing a lot better today.”

Jeff Major, the president of
Jeff's Auto Cycling Club, was
shocked when he heard the
news about Musgrove.

He offered his prayers to his
family on behalf of the cycling
community saying: “We want
to wish Barron Musgrove a
speedy recovery. I hope that he
can get back on his feet soon.”

Musgrove’s brother Roy
Colebrooke, who also serves
as the president of the
Bahamas Cyling Federation,
was unavailable for comment.

free: throws.down the stretch
to hold on for their second
win of the tournament.

Smith led the Bahamas
with 18 points and four
assists.

“the only ape Beer that’s also a Corona”

Donathen Moss posted a
double double with 10 points
and 12 rebounds while Leon
Cooper finished with 11.

David Nesbitt led the
defensive effort finishing
with five blocks, three steals,
and six rebounds to go along
with his 10 points.

Uruguay was paced by
Bruno Rodriguez and Math-

ias Persincula who finished
with 22 and 20 respectively.

The Bahamas shot just 37
percent from the field and
30 percent from behind the
arc.

Outsized as often the case
in international play, the
team was outrebounded, 48-
36 and were outscored in the
paint, 48-24.

Uruguay also doubled up

_the Bahamas at the free

throw line converting on 11
of their 32 attempts while
the Bahamas managed just
16 trips to the charity stripe.

The team has one addi-
tional opportunity for a win
when they face the winner
of the Venezuela-Mexico
matchup today.

Sreweg and hetited by
RIA MODELO, S.A. DEC.
MEXICO, DF.

REG. 5.S.0, ta 84n48 "8"



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PAGE 16, FRIDAY, JULY 18, 2008

THE TRIBUNE



114 take partin | ,,. a

Annual Duke of |

Edinburgh Charity
Golf Tournament

FOR the 114 players at the
8th Annual Duke of Edin-
hurgh Charity Golf Tourna-
ment it was a rough day on
the green.

The players hit the Ocean
Club Golf Course early Sun-
day morning (June 29) each
with some very different
expectations.

There were some players
hoping to hit the hole-in-one
on the 12th hole and walk
away with a brand new Mer-
cedes Benz donated by Tyre-
flex Star Motors. Other
golfers were hoping to win
the top prize that would land
them a trip to Great Britain
to play in the Duke of Edin-
burgh Cup Finals.

Then there were some who
simply wanted to finish the
‘day without embarrassment
— they may not have been
that lucky. Regardless of
their reasons for entering the
tournament, they all had one
soul purpose, to contribute



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“To date, Kerzner International,
through this golf tournament,
has raised more than $600,000
to help keep the programme

going.”



Kerzner president and managing
director George Markantonis

to the growth and develop-
ment of young Bahamians.

_ Despite some close drives
by the players; the car, beau-
tifully displayed on the
green, never found a new
owner. The pulsating heat
didn’t seem to help many of
the golfers who complained
about being ‘off’. They all
seemed quite happy to wrap-
up tournament play and
head inside for the awards
ceremony where they could

find much cooler tempera-,









ouses. Gated property includes pool, |i








tures, beverages and food.

With the help of major
sponsors like Sun Tee, John
Bull, Bahamas Food Ser-
vices, The Tribune, and Tyre-
flex Star Motors; Kerzner
International was able to
donate $45,000 to the Gov-
ernor General Youth
Awards Programme. Chair-
man of the Governor Gen-
eral Youth Board of
Trustees Sir Orville Turn-
quest accepted the cheque
presented to him by Kerzner
president and managing
director George Markanto-
nis.

Generosity

Sir Orville said: “The Gov-
ernor General Youth
Awards Programme
(GGYA) is possible due to
the generosity of the persons
in this room. It takes about
$300,000 annually to run the
organisation and this golf
tournament is by far our
largest event.”

Mr Markantonis said:
“Kerzner International is
proud to be associated with

the Governor General Youth
Awards. More than 5,000





Caen

(L) BRITISH AIRWAYS district manager Adrian Barton and Kerzner president George Markantonis (R) pre-
sent trophies to tournament winners Mark Carter and Roger Chow How.

JOHN BULL representative Inga Bowleg Meson Movado watch to Ine



Bahamian children have
passed through this pro-
gramme and we’re pleased
to say we had some involve-
ment in their development.
To date, Kerzner Interna-
tional, through this golf tour-
nament, has raised more
than $600,000 to help keep
the programme going.”
‘Also on hand for the
awards ceremony was Gov-
ernor General Arthur Han-
na.
“T wish to’ thank Kerzner
for yet another example of
community spirit. To the
players I hope they enjoyed
the game and to the same
extent, the spirit.of giving to
the young people of this
country,” he said.

With the main purpose of
the event out of the way, the
players were eager to see just
how well some faired and
just how dismal other golfers
played.

In the ladies’ category,

Ineke Daniels walked away
with a ladies Movado watch
and a Nikon digital camera
for getting closest to the pin
and the longest drive. Jan
Pyfrom claimed top prize
(Tiffany & Co Atlas Collec-

tion Crystal Bowl) for the:

straightest drive.

Winning

‘In the men’s category,
Colyn Grant was closest to
the pin. He got a men’s
Movado watch for that.
Devaughn Robinson had the
longest drive, winning a
Nikon digital camera and
Felix Stubbs had the straight-

est drive, which earned him a
Tiffany & Co Atlas Collec-.

tion Crystal Carafe.

In the foursome’s category
the standings looked like
this:

° 4th place — Purity Bakery
(William Whitaker, Helena

MONDAY — SATURDAY
10 A.M. — 2 PM.





niels for getting closest to the pin



Whitaker, Jan Daniels, and
Ineke Daniels).

e 3rd place — Nihon Fami-
ly (David McGrath, Jerry
Forrester, Curtis Robinson,
and Sean McCarroll). |:

e 2nd place — Insurance
Management (Eddie Carter,
Andrew Burrows, Mark
Carter, and Roger Chow
How).

® ist place- Bahamas
Waste (Marvin Bethel, Tom
McDermott, Phil Andrews,
and Nelson O’Kelly).

However, what everyone
was waiting to hear was who
would be the lucky four
heading to the Duke of Edin-
burgh Cup Finals in Great
Britain, sponsored by British
Airways.

Those spots went to Phil
Andrews and Nelson O’Kel-
ly who finished second with a
score of 62 (-10). The tour-
nament winners were Mark
Carter and Roger -Chow
How who finished with a
score of 58 (-14).

Mr Carter and Mr Chow
How walked away with the
trophies and will be joined
by Mr Andrews and Mr
O’Kelly as all four men will

' represent the Bahamas at the

Duke of Edinburgh Cup
Finals in Windsor, Great
Britain.

They’ll spend four days
playing at the prestigious
Wentworth Golf Club with
the hopes of joining the
ranks of other past Bahami-
an winners like Thomas
Bethel who won the compe-
tition in 2006, and Dean
Hogaboam, who came 3rd in
2004.

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.





Le?







TS a NT
PE Ula
TTT

By NEIL HARTNELL
Tribune Business
Editor











INITIAL moves have
begun to revive the pro-
posed 2,000-acre investment
project at Freeport’s Bar-
bary Beach area that is sup-
posed to be undertaken by
Morgan Stanley, sources
have told Tribune Business,
with the Port Authority
Group of Companies wanti-
ng to ensure the land
remains free for develop-
ment purposes. .

It is understood that the
options being explored by
the Grand Bahama Port
Authority and its Port
Group Ltd affiliate include
either finding another devel-
oper for the site, if Morgan
Stanley is unable or unwill-
ing to proceed, or finding a
joint venture partner for the
blue-chip Wall Street invest-
ment bank.’

Among those interested
in the Barbary Beach pro-
ject, and the possibility of
becoming lead developer or
joint venture partner with
Morgan Stanley, is a group
with Middle Eastern origins,
numerous sources have told
Tribune Business. The prin-
cipals’ identities are not
known.

Erik Christiansen, Port
Group Ltd’s newly-appoint-
ed chairman, did not return
Tribune Business’s call yes-

-terday seeking’comment
before press time, despite a
detailed phone message ‘hav-
ing been left.

Morgan Stanley is under-
stood to have secured a
nine-month extension to
close the initial land deal,
which would pave the way
for the Barbary Beach pro-
ject, at the beginning of














































FRIDAY,

JULY 18,

2008

ROYAL B FIDELITY

Money at Work

NASSAU OFFICE
(242) 356-9801

FREEPORT OFFICE
(242) 351-3010

iuaplahi anaia ‘new

life and character’

* Fashion show organiser mulls two
Nassau events per annum if debut

@ By NEIL HARTNELL
Tribune Business Editor

THE Bahamas needs more
events such as the Bahamas Inter-
national Film Festival (BIFF) and
the Islands of the World Fashion
Week to revitalise its tourism
product, the latter’s organiser said
yesterday, arguing that they

“bring new life and character” to. ,

a “stagnant” product.
Owen Bethel, the Bahamian
banker organising the Islands of

~the World Fashion Week, told

Tribune, Business that with
stopover tourist arrivals to this
nation remaining relatively flat,
there was a need for the Bahamas
to develop more specialist events
such as his to refresh its tourism
product.

“T’ve always felt the product i is
critical in attracting stopover and
repeat visitors to it,” Mr Bethel
said.

“We have either allowed the
product to become stagnant or
not created new product to keep
it alive. Certainly, new events like
this, like the‘Film Festival, bring
new. life and character to the
Bahamas.

“There a need to look more
into this area, and not stop at this
and those that might be success-
ful.”

Tourist arrivals for the first four
months of 2008 showed a mod-
est 0.2 per cent increase, with a
1.5 per cent rise in air (stopover)
arrivals, although the growth was
generated only in the a
Islands.

There is an increasing suspi-

cion that while the Bahamian

tourism industry has been buffet-

ed by external events outside its
control, such as the global eco-
nomic downturn and Western
Hemisphere Travel Initiative
(WHTI), this has only served to
exacerbate its internal issues.
Apart from the need to refresh






proves successful

* Says more events like it and Film
Festival needed to refresh and revitalise
‘stagnant’ tourism product

* Inaugural event still on target for

1,000-2,000 persons

infuse more uniquely Bahamian
culture into its tourism product,
plus improve labour productivity
and service to levels consistent
with a five-star, top-quality expe-
rience.

Mr Bethel indicated that if the
inaugural Islands of the World
Fashion Week was successful, he
would look at doing two such
shows per year to ensure such
events were spread throughout
the tourism calendar.

“New York has Spring and Fall
fashion shows. If we’re success-
ful, there’s nothing to say the

Bahamas can’t have one fashion ©

were in April, May or June, and a
fall fashion week,” Mr Bethel
said.

“One of the unfortunate things,

which is why I thought long and -

hard about this, is that the timing

[for Islands of the World Fash-.,
ion Week] is so close to Film Fes-: *

tival Week.

@ By NEIL HARTNELL
Tribune Business Editor

ow, timed to coincide with \

A BILLIONAIRE US real estate developer -

“We need events spread
throughout the year. These two
events come in the last quarter
of the year, and we need to look
at events in the first and second
quarters.”

Meanwhile, Mr Bethel, presi-
dent and chief executive of the
Nassau-based Montaque Group,
owner and financier of Islands of
the World Fashion Week, said
the event was still on course to
attract between 1,000-2,000 per-
sons, at least some five-times
more than the 200-300 he had
previously budgeted.

With anticipated attendance
“still basically in that ball park”,
Mr Bethel said the picture regard-
ing likely arrivals figures would
become clearer after a reception
he was hosting in Miami tomor-

mi Fashion Week.
“We are hosting a reception
there for designers, media and

Billionaire used Bahamian
entities to evade $52m taxes:



Owen Bethel

the models,” he told Tribune
Business. “We certainly antici-
pate 300-400 persons.

“Tf that is an indication - and
that’s only the gist from one pub-
licist’s list of invitees - taking that

.as a guide to persons interested in

coming to the Bahamas, we will
certainly be on target for the
1,000-plus figure or thereabouts
for the event.”

If attendance predictions come

true, then over a. four day-peri-
“od the British Colonial Hilton,

SEE page 11

Bahamas to the UK.

The Senate subcommittee’s latest hearing into
so-called ‘tax havens’ left the Bahamas and its
financial services sector largely unscathed, its







Could EPA
create ‘niche
market’ for
Bahamas
fashion?

: fi By NEIL HARTNELL

Tribune Business
Editor

SIGNING the Economic

Partnership Agreement (EPA)

could give Bahamian fashion,
garment and accessories design-
ers the opportunity to carve out
a “niche market” in Europe for
their products, a fashion show
organiser told Tribune Business
yesterday.

Banker Owen Bethel, organ-

iser of the Islands of the World
; Fashion Week, which is sched-

uled to be held in the Bahamas

this November, said that

whether the EPA would create

an avenue for Bahamian cloth-
ing designers to access the Euro-

i pean market on more competi-

tive terms would be among the
topics discussed at a forum held
to coincide with the show.
Adding that there was
“tremendous potential” to
develop and grow a Bahamian
fashion industry targeting niche
markets, Mr Bethel told Tribune

: Business: “I only lock at what

designers from other islands in
the region have been successful
at, and are able to do. They get
their lines out into the US mar-
ket.

“There’s a whole European

market which is as yet untapped.
: The discussions over the EPA
i are interesting, and one of the

areas the forum will look at it is
whether the EPA provides an
opportunity for the fashion
industry and give us an
edge/angle in exporting to that
market. Is there a niche market :
in Europe we can tap into?”
Mr Bethel said Islands of the
World Fashion Week was
intended to be a “catalyst” for
the development and growth of
a fledgling Bahamian design. and



fashion indus




main ire being reserved for the Swiss bank, UBS,
and the jurisdiction of Liechtenstein and its LGT
financial institution.

The only time this nation really featured was in
the section of Mr Olenicoff, which recalled how
between 1992 and 2005 he had opened “multiple
accounts at banks in the Bahamas, England,



used Bahamas-registered corporations and bank
accounts as part of a structure to evade $52 million
in American income taxes, it was revealed by a
US Senate report yesterday.

Igor Olenicoff, the California-based president
and owner of Olen Properties Corporation, was
cited as one ‘case study’ by the Senate’s perma-



He added: “One of the events
is a forum on the future of the
fashion industry in the Bahamas,
bringing together the experts in
all fields of the industry - the
models, seamstresses and
designers - and getting a con-

2008. The investment bank
had already paid a deposit,
which some sources suggest-
ed had-now gone ‘hard’ -~
meaning it was past the
deadline at which it could be
reclaimed by the purchaser,



and upgrade its tourism hotel
plant, and improve road and air- |:
port infrastructure, the Bahamas
is also grappling with the need to















































ued at around $50 million,
was supposed to see Devco
(the Grand Bahama Devel-
opment Company) sell its 50
per cent stake in the Bar-
bary Beach land to Morgan
Stanley, which would then
find itself as a 50/50 partner
in a joint venture with Port
Group Ltd.

However, the Barbary
Beach project has been left
‘hanging’ for some time,
having been disrupted by the
global credit/liquidity crunch
impacting all Wall Street
investment banks, including
Morgan Stanley, and the

- ongoing dispute between the
GBPA and Port Group
shareholders - the Hayward
and St George families.
Above all, the Port'is con-
cerned that the Barbary
Beach site does not become


























SEE page six

Loy a tye} Tater Fit and get up to
A0 miles per gallon



Companies
spare ilo
expense over
security
measures

MByCARA .
BRENNEN-BETHEL
Tribune Business
Reporter

DESPITE the current eco-
nomic slowdown and the chal-
lenges many Bahamian busi-
nesses are experiencing in trying
to reduce operating expenses,
one area they are sparing no
expense on is security.

Security professionals yester-

day said the. rise in crime had ©

created panic among some busi-
ness owners, prompting them
to seek professional services to
protect their property, employ-
ees and income.

Now, security companies are
enjoying the profits from the
increase in business.

An officer at a security com-
pany, who asked not to be
named, said his firm had seen
business increase in the recent
months.

“Some people are afraid that

because things are so hard on

people they will have less cash,
so they will go out and rob even
if they never really thought
about doing it before. Busi-

‘nesses are are hiring us,” he

added.

Andrew ‘Blue’ Johnson, of
Elite Security Agency, told Tri-
bune Business that the security
industry has seen a steady
increase in business over the
last few years.

He explained that this was
because many business owners
simply did not want to take the
risk of losing valuable income in
the event of a robbery.

“What we are seeing is per-

SEE page five





fora better life



Investment ;

© 2008 ADWORKS

point involved an $89 million transfer from the






LOMB OES OUND,

SEE page five










t
____ CORPORATE CENTRE: CORNER OF VILLAGE & SHIRLEY STREETS | www-famguardbahamas.com



FG CAPITAL

BROKERAGE & ADVISORY SERVICES

= expert investment adits

[—] multiple fund options
C_] potentially higher returns
fall of the above

and instead was set to pass nent subcommittee on investigations, having Liechtenstein and Switzerland” in the names of | certed effort on how the industry
to the vendor.: already reached a plea agreement with the US _ offshore companies that he controlled. can move further forward.
The initial land deal, val- Justice Department on transactions that at one “We will tie that in with things

SEE page six



A SUBSIDIARY OF

| PAMGUARD
s CORPORATION LIMITED



PAGE 2B, FRIDAY, JULY 18, 2008

THE TRIBUNE



NOTICE

The office of the
Public Workers’
Co-operative Credit

Union Limited will

be closed on Friday,

July 25th, 2008, for
the Annual Staff



Gas stations impose
credit card surcharge

m@ By CARA
BRENNEN-BETHEL
Tribune Business
Reporter

MANY Bahamian gasoline
service stations are now
imposing surcharges on cred-
it card transactions of up to 5
per cent to make a profit on
these sales, some having gone
as far as banning these sales.

In the wake of escalating
operating costs, and given
that the Government has not
granted an increase in the
fixed margins for unleaded
gasoline and diesel sales, the
Bahamas Petroleum Retail
Association recently said that
up to 75 per cent of its mem-

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American Express fees said by station

owner to be higher than rival’s

bers are on the verge of
financial ruin, something that
is leading many to curtail
their expenses any way they
can.

An employee at Esso On
the Run, at Carmichael
Road and Faith Avenue, told
Tribune Business that about
a month ago the station
implemented a 5 per cent
credit card payment sur-
charge to absorb the bank
and card company fees.
































Vasco Bastian, an Associa-
tion member from the East
Street and Solider Road
Esso, explained that while
the MasterCard and. Visa
card, plus bank fees, were
fairly manageable; American
Express fees were much high-
er. In many cases,.this made
it “not in the best interest”
of the station to accept
American Express card pay-
ments.

“Tam not sure exactly what

FEATURED ARTISTS INCLUDE:

the fees are, but American
Express is significantly high-
er. Let’s say Master Card and
Visa are around 1.2-2 per
cent, then American Express
is around 5 per cent, which

‘makes the cost per transac-

tion much higher,” Mr Bast-
ian said.

He stressed that his station
does accept credit cards and
did not charge extra for it,
although he does have a $20
minimum on gas and in-store
purchases.

He added that other gas
stations were finding it diffi-
cult to do so.

Funds

“Personally, we love credit
cards because the funds are
posted to our account. by the
next day,” Mr Bastian said.

He added that he wished
Bahamians would all use
credit or debit cards when
making their purchases, as it
reduces the security risks
associated with cash.

Association members
wanted the Government to-
provide them with some lev-
el. of tax relief in the
2008/2009 Budget, given from
the burdens they faced from
fixed margins, which at the
moment are $0.44 per gallon
on unleaded gasoline
and $0.19 per gallon on

diesel.

The association members
said they were ignored in the
2008-2009 Budget as it relates
to tax breaks, despite the fact

“ they provide what is tedlly “

a bread basket item for
Bahamians”.







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THE TRIBUNE



Witness reveals ‘tax
evasion’ techniques

mâ„¢ By DESMOND BUTLER
Associated Press
Writer

WASHINGTON (AP) —
A man wanted by Liechten-
stein for leaking secret bank-
ing information that identi-
fied millionaire tax cheats
across Europe and the Unit-
ed States has described to
congressional investigators
how money was concealed.

Lawmakers played a video-
tape of the testimony by
Heinrich Kieber at a con-
gressional hearing Thursday
that revealed rare details of
offshore practices at two
European banks. At the
hearing, Swiss banking giant,
UBS AG, announced that
because of recent revelations,
it will stop offering U.S.
clients offshore services
through branches based
abroad.

Kieber appeared only as a
silhouette against a white
screen with eyeglasses and a
balding head ‘apparent.
Kieber is living under a new
name in an undisclosed wit-
ness protection program,
according to lawmakers. He
has never spoken publicly
about his role in exposing tax
shelters he says were used by
Liechtenstein’s LGT group.

In the videotaped interview ©

with the congressional inves-
tigators, he described ruses
that he saw while working at
the bank, which he said were
used to cover the tracks of
money moved into accounts.

The hearing by the Senate
Homeland Security and Gov-
ernmental Affairs investiga-
tions subcommittee high-
lighted offshore tax abuses
that they believe cost the
U.S. government about $100
billion a year.

The hearing came a day
after the panel released a
109-page report that took
-aim at LGT, owned by ~~
. Liechtenstei n’s royal family,
~and., UBS. ane the, world’s
’ largest wealth managers.

_ Mark Branson, chief finan-
cial officer of UBS’ global
wealth management, said at
the hearing that the bank
regrets “any compliance fail-
ures that may have occurred”
and will now provide banking
or security services to U.S.
citizens only through compa-
nies licensed in the United
States. He said the bank also
is working with U.S. authori-

ties to identify clients.





Videotape of testimony played
at congressional hearing

involved in U.S. tax fraud.

LGT refused to send a rep-
resentative but said in a state-
ment that it had cooperated
by sending a senior official
for a lengthy interview and
providing all the documents
requested by the panel.

Both LGT and UBS came
under withering criticism
from the lawmakers.

“Tax havens are engaged
in economic warfare against
the United States and hon-
est, hardworking American
taxpayers,” said Democratic
Sen. Carl Levin, chairman of
the subcommittee. “Today
we will look at two banks
that relied on secrecy and
deception to hide, not just
the tax avoidance schemes of
their clients but the actions
they themselves took to facil-
itate U.S. tax evasion.”

UBS has said it is cooper-
ating with a Swiss investiga-
tion as well as an expanding
U.S. probe of taxpayers who
may have used overseas
accounts to hide assets and
avoid taxes. UBS has
promised to disclose records
involving U.S. clients who
might have. broken tax laws.
It also has banned its Swiss
bankers from traveling to the
United States.

U.S. authorities also have
asked the Swiss government
to help in the U.S. investiga-
tion.

Swiss Finance Ministry
spokesman Jean-Michel
Treyvaud said that Swiss tax
authorities received a U.S.

request for “administrative

assistance” on Thursday.
He said the request would
now be analyzed, but he said

@ nothing further, -



“The subcommittee report
bi

, Said that UBS ib ‘ankers.’




“searched out,

clients and aggressively mar-
keted services to’ taxpayers

who otherwise would not
have opened Swiss accounts.
It said the bank’s practices
resulted in billions of dollars
of U.S. taxpayer money in
accounts that were not dis-
closed to tax authorities.
The report said UBS has
estimated that it has 1,000

- declared accounts in Switzer-

land for U.S. clients against
19,000 undeclared, with.a

Legal Notice

ii NOTICE |

INTERNATIONAL BUSINESS COMPANIES ACT
(No.45 of 2000)

’ MINELLA LIMITED

In Voluntary liquidation |

Notice is hereby given that in accordance with Section 137
(4) of the International Business Companies Act (No. 45
of 2000), MINELLA LIMITED has been dissolved and
struck off the Register according to the Certificate of Dis-
solution issued by the Registrar General on the 7th day of

July, 2008.

Joanne L. Gorrod
2 Thornton Hall
Upper King’s Cliff
St. Helier, Jersey
JE2 3PG
Liquidator

Legal Notice

| NOs (GD

INTERNATIONAL BUSINESS COMPANIES ACT
(No.45 of 2000)
TRENTON INTERNATIONAL LTD.

In Voluntary liquidation

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

Dissolution.”

The date of commencement of dissolution is the 3rd day of

June, 2008.

Eurofund Limited
Suite E-2, Union Court Building
Elizabeth Avenue and Shirley Street
‘Nassau, Bahamas
Liquidator

combined value of $17.9 bil-
lion. ‘

Investigations linked to
LGT have been launched in a
number of countries since
German authorities obtained
in February the CD-ROM of
some 1,400 alleged tax cheats
with accounts at the bank
that Liechtenstein says
Kieber leaked. Germany has
since passed the file to other
countries, including the Unit-
ed States.

In his videotaped testimo-
ny, Kieber described shell
companies used as “high
grade camouflage.” Money
was often transferred through
bank-controlled legal entities
registered in numerous coun-
tries with lax regulations,
including Panama, the British
Virgin Islands and Nigeria,
he said.

Additional concealment
was provided by fake trans-
actions designed to make it
look like clients had with
drawn cash from a bank,
when‘in reality they were
credited into a LGT account.

“The only purpose of all of
this is to make it extremely
complicated for law enforce-
ment agencies to follow the
trail, as each step serves as a
filter to hide the track of the
client’s money,” he said.

He said that clients were
advised how to avoid scruti-
ny, including not telling any-
one including lawyers and
family members about hid-
den money. Clients were also

encouraged to. use pay’

phones to contact bank rep-
resentatives on cell phones
from Switzerland and Aus-
tria and to use code words in

A communications.

LGT questions: Righer’ s

~ objectivity and accusesshim

of stealing the information,
according to Michael Robin-
son,.a spokesman for. the
bank.

It says that much of the
information that Kieber has
provided involves records
going back to the 1970s and
1980s.

“LGT’s practices were con-
sistent with accepted industry
standards of the time and do
not reflect the way in which
LGT conducts business
today,” he said.

“DLA

oho

NI

A- Four Bedrooms, two bathrooms, single-family residence, with living room, dining room,
family room, covered porch, foyer, kitchen, laundry room with own half bathroom and 4

two-car carport. Building has an effective age of Twenty-two years and a gross floor area
of 3,395 sq, ft. Land size Is 10,000 sq. ft.

The building Is located on the southern side of Silver Palm Breve, 400 feet west of Silver

FRIDAY, JULY 18, 2008, PAGE 3B

LOT NUMBER 20~ BLOCK 8 OF SEA BREEZE

Palm Lane or 200 feet of Silver Palm Boulevard.

Bf

For conditions at sale and any other Information, please contact:
Credit Risk Management - Collection Unit At:

502-0929 or 356-1608

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

To reach us before July 31, 2008
Serious Enquires Only



This is to advise that

faz

MS: /APREL DAWKINS

of Murphy Town, Abaco is no longer employed
with J.S. Johnson & Co., Ltd. and is not authorized
to transact any business on our behalf.





PAGE 4B, FRIDAY, JULY 18, 2008





=} BEST] Taos)

THE TRIBUNE





Congress seeks pay

check on mortgage
giants’ executives

@ By JULIE

HIRSCHFELD DAVIS

Associated Press Writer __

WASHINGTON (AP) — Con-
gress wants to require execulives
at Fannie Mae and Freddie Mac to
have their pay packages approved
by the government as part of a bill
to throw a federal lifeline to the
mortgage giants.

The idea comes as lawmakers
scramble to limit the potential tax-
payer costs of the rescue plan and
satisfy critics of the government-
sponsored companies who fear an
open-ended bailout.

Rep. Barney Frank, chairman
of the House Financial Services
Committee, also wants to man-
date that the companies delay issu-
ing dividends until they reimburse
the government, if the Treasury
Department had to prop them up.

Frank, D-Mass., said Thursday
the House plans to count any res-
cue effort under the overall $9.8
trillion statutory limit on the
national debt. That approach is
intended to answer charges that
the aid amounts to a blank check.

“The fact that any expenditure
under this bill would be subject to
the debt limit is a cap, in effect,
on the amount that you could put
here. That invalidates these

claims,” Frank said.

“[’m optimistic that we will be
able to send (the Bush adminis-
tration) something that they will
be able to accept,” Frank said after
meeting with Sen. Christopher
Dodd, D-Conn, Banking Com-
mittee chairman, to hammer out

details.

Treasury Secretary Henry M.
Paulson has lobbied Congress for

quick approval of his plan to tem-’

porarily empower the government
to extend unlimited lines of cred-
it to Fannie Mae and Freddie Mac
and buy their stock. The Federal
Reserve has offered to let the
companies draw emergency loans.

The companies’ shares have
plummeted because of fears about
their financial stability. Fannie
Mae and Freddie Mac are private,
but they were created by Congress
to encourage homeownership by
buying mortgages from banks. The
two hold or guarantee more than
$5 trillion in home loans — almost
half of the nation’s total.

The House plans a vote next
Wednesday on a housing bill
expected to include the help for
Fannie Mae and Freddie Mac.
President Bush has threatened a
veto unless there are changes, but
now is pressing to add the mort-
gage rescue as part of a broad

S. JOHNSON
ave Sa ne
. INSURANCE AGENTS & BROKERS |

~ Our
NASSAU, FREEPORT,
ABACO AND EXUMA
7 OFFICES .



WILL

Friday,
18" July 2008

REREKREREREERERERERERERERER |

Regular office hours for ALL
Branches will resume

Monday, 21st July 2008

We apologize for any inconvenience caused







BISX ALL SHARE INDEX: WELOSE 1,821.50 | ¢!

52wk-Hi 52wk-Low

ROYAL @ FIDELITY

¢

BISK LISTED & TRADE

THURSDAY

FINDEX: AX CLOSE 870
WWW. BISXBAHAMAS, COM



compromise.

House Speaker Nancy Pelosi
said she did not believe Bush
would follow through on the veto
evén though Democrats plan to
attach $3.9 billion in grants he
opposes to buy and fix up fore-
closed properties in areas hit hard-
est by the housing crisis.

“Let me get this straight. The
president is asking us to do some-
thing quite significant to address
this housing crisis, which has long
been neglected by his administra-
tion, and he is going to resent the
ability of state and local govern-
ments to buy up these proper-
ties?” Pelosi said. “I don’t think
the president is going to veto this
bill.”

Paulson says he does not expect
to use the new federal authority to
prop up Fannie and Freddie. By
granting it, however, Congress
would boost market confidence in
the companies and thus avert a
collapse that could ultimately

- require the government to step in

with huge sums of money, he says.

He has refused to specify an
upper limit on the rescue power,
saying that doing so would wreak
market havoc.

But congressional analysts have
to issue a cost estimate for all leg-
islation before lawmakers vote. ‘

THE Fannie Mae building in Washington.

Frank and Dodd are working to
find ways to lower the projections.
They are casting about for
“what things we can do here that
will give members and the tax-
payers some assurance that this
thing isn’t a runaway horse,” Dodd
said.

Paulson has asked lawmakers
not to subject the rescue authority
to the debt limit, which Congress
sets. By rejecting that request, law-
makers essentially would cap how
much the government could spend
to prop up the mortgage giants
without further approval from
Congress.

As of Tuesday, the national
debt that counts toward the limit
stood at just over $9.4 trillion,
roughly $375 billion below the
statutory ceiling. Congressional
leaders long have
increase that cap to $10.6 trillion
before the end of the year.

The housing measure already
tightens controls on Fannie.Mae

lanned to°



and Freddie Mac, creating a strong
regulator to oversee their opera-
tions. “We’re going to make it
explicit” that the regulator would
have to approve executives’ pay,
Frank said.

The rescue plan has sparked a
backlash among Republican law-
makers, many of whom oppose
the very existence of government-
chartered private mortgage com-
panies. They point to recent
accounting scandals at Fannie Mae
and Freddie Mac, lucrative pay
packages for their executives, and

Manuel Balce Ceneta, File/AP

their considerable expenditures
on lobbying to argue that the firms
abuse their special status to enrich
themselves and then expect tax-
payers to foot the bill when they’re
in trouble.

Frank has also floated the idea ‘
of giving Treasury a preferred class ~

of stock that would enable the
government to be reimbursed
before other shareholders in the
event of any collapse. Dodd has
questioned the idea, saying it could
discourage private investors from
buying the companies’ shares.

NOTICE |

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

BORLAND INTERNATIONAL

+

BAHAMAS 7

( ar yer Maye J, |

LIMITED

SENIOR ACCOUNTANT
- Financial Reporting

Bahamas aureus Limited operates a leading
supermarket chain in The Bahamas. As a market leader,
the Company prides itself on delivering premier service
through its City Market supermarkets, having a strong

‘ commitment to its customers, associates and community. .

An opportunity for a Senior Accountant - Financial
Reporting to join this market leader has arisen. The Senior
Accountant- Financial Reporting will report to the Chief
Financial Officer.

RESPONSIBILITIES ince ty, i
¢ Verify and analyze departmental and store level operating
performance
* Respond to store inquiries regarding store level profit and
loss statements
¢ Provide management with accurate financial information
and analysis
¢ Prepare yearend schedules to support extemal auditors
* Research supporting detail for accounting transactions .
* Assist in the preparation of intemal and extemal financial
statements and reports on a period, quarterly and year end
basis ,
¢ Assist in compiling information for annual budgets
* Monitor capital expenditure against budget
¢ Ensure that period end reports are prepared n a timely
manner
» Assist with special projects as required.

REQUIREMENTS
* Bachelors’ degree in Accounting
» Experience in auditing is preferred
* Must be proficient with MS Office and Outlook.

° Must be detail oriented

* Requires good analytical and problem solving skills

¢ Requires good organizational and interpersonal skills.

* Must be able to interact with auditors and various levels of
‘management. °

Human Resources Director
Bahamas Supermarkets Limited
' East-West Highway « P. O. Box N 3738 + Nassau, Bahamas
Or e-mail to: humanresources@bahamassupermarkets.com
No telephone inquiries please

Cy Market

ARN JULY 14-18 28



FG CAPITAL ;

MARKETS
BROKERAGE & ADVISORY SERYICES












































Securit Previous Close Today's Close Change Daily Vol. EPS $ Div $ P/E Yield j
1.95 1.51 Abaco Markets 1.84 1.81 -0.03 1,000 0.135 0.00%
11.80 11.60 Bahamas Property Fund 11.80 11.80 0.00 1.086 1.69%
9.68 8.30 Bank of Bahamas 9.30 9.30 0.00 0.643 1.72%
0.99 0.85 Benchmark 0.89 0.89 0.00 -0.823 3.37%
3.74 3.49 Bahamas Waste 3.49 ' 3.49 0.00 *0.209 2.58%
2.70 1.48 Fi y Bank 2.35 2.35 0.00 0.055 1.70%
14.10 10.60 Cable Bahamas 14.04 14.04 0.00 1.121 1.71%
3.15 2.35 Colina Holdings ‘2.88 2.88 0.00 0.046 1.39%
8.50 4.80 Common th Bank (S1) 7.00 7.00 0.00 210 0.440 4.29%
7.22 3.20 Consolid Water BDRs 3.47 3.26 -0.21 0.131 1.60%
3.00 2.25 Doctor's Hospital 2.85 2.85 0.00 0.308 1.40%
8.00 6.02 Famguard 8.00 8.00 0.00 0.728 3.50%
13.01 12.50 Fi 12.50 12.50 0.00 0.650 4.56%
14.75 11.65 Firs aribbean Bank 11.65 11.65 0.00 0.550 3.86%
6.10 5.05 ‘ 5.53 5.53 0.00 0.386 2.53%
1.00 1.00 Focol Class B Preference 1.00 1.00 0.00 0.000 0.00%
1.00 0.41 Freeport crete 0.44 0.44 0.00 0.035 0.00%
8,00 5.50 ICD Utilit 5.50 5.50 0.00 1,000 0.407 5.45%
12.50 8.60 J. S. Johr an 12.00 12,00 0.00 1:023 5.17%
10.00 10.00 Premier Real Estate 10.00 10.00 0.00,
Fidelity Over-Fhe-Counter Securities:
52wk-Hi 52wk-Low Symbol Bid $ Ask $ Last Price Weekly Vol. EPS $ Div S P/E Yield
14.60 14.25 Bahamas Supermarkets 14.60 15.60 14.60 1.160 0.600 13.4 4.11%
8.00 6.00 Caribbean Crossings (Pref) 6.00 6.25 6.00 0.000 0.480 NM 7.80%
0.54 0.20 RND Holdings 0.35 0.40 0.00%
: Colina Over-The-Counter Securi ee
41.00 41.00 ABDAB 41.00 43.00 41.00 4.450 2.750 9.0 6.70%
14.60. 14.00 Bahamas Supermarkets 14.60 15.60 14.00 1.160 0.900 13.4 6.16%
0.55 0.40 RND Holaings 0.45 0.55 . 0.45 -0.023 0.000 N/M 0.00%
BISX Listed Mutual Funds) (05 3 es g é
S2wk-Hi 52wk-Low Fund Name NAV - YTD% Last 12 Months Yield%
1.3231 1.2576 Colina Bond Fund 1.323145*°* 2.41% 5.21%
3.0008 2.7399 Colina MSI Preferred Fund 2.990639*"* -0.34% 9.15%
1.4020 1.3467 Colina Money Market Fund 1.4019757°"*"" 1.96% 4.23%
3.7969 3.3971 Fidelity, Bahamas & | Fund 3.60077 -5.17% 9.38%
12.2702 11.6581 i lity Prime Income Fund 12.2702 2.82% 5.73%
100.0000 100.0000 C ul Bond Fund 100.00
100.0000 98.2100 L | Equity Fund 99.956603~ -0.04% -0.04%
1.0000 1.0000 CFAL High Grade Bond Fund 1.00**
10.5000 9.5611 Fidelity Interne onal Investment Fund 9.5611°** -8.94% -8.94%
1.0077 1.0000. FG Financial F rred Income Fund 1.007772">* 0.77% 0.77%
1.0119 41.0000 FG Financial Growth Fund 1.07. 19*F 1.19% 1.19%
1.0086 1.0000 FG Financial Diversified Fund 1.0086°**** 0.86% 0.86%
Market Terms s pe ONAN. Key
BISX ALL SHARE In 19 De ' YIELD - last 12 month dividends divided by closing price > - 31 March 2008
52wk-Hi - Highest : Bid $ - Buying price of Colina and Fidelity ** - 31 December 2007




Ask &

ade
Change - Che
Daily Vol. - Nt
112 month N/M -



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

12. 355-7764 | FG CAPITAL MARKETS 242:386-4600 [FOR Mi

- Selling price of Colina and fidelity 77+ - 30 June 2008
**** 31 April 2008

ae - 27 June 2008

- Trading volume of the prior week

Net Asset Value
Not Meaningful

ngs FINDEX - The Fidelity Bahamas Stock Index. January 1, 1994 = 100

ORMATION GALL Bazicoaige6s! 7





SERVICES INC.

Notice is hereby given that in accordance with Section138 (8)

- of the International Business Companies Act, (No. 45 of 2000),
the Dissolution of BORLAND INTERNATIONAL SER-
VICES INC. 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 20th
day of June, 2008.

\

Lesley Fag
Liquidator

NOTICE

NOTICE is hereby given that MERCEDES PIERRE-
LOUIS of GOLDEN ISLES ROAD OFF CARMICHAEL
ROAD,.P.O. BOX CR-5596Z,.NASSAU, BAHAMAS, is -
applying to the Minister responsible for Nationality and
Siizenenip, for registration/naturalization as a citizen
of The Bahamas, and that any person who knows any
reason why registration/ naturalization should not be
granted, should send a written and signed statement
of the facts within twenty-eight days from the 11TH day
of JULY 2008 to the Minister responsible for Nationality
and Citizenship, PO.Box N- 7147, Nassau, Bahamas.

NOTICE

NOTICE is hereby given that VINCENT THOMAS
SULLIVAN of HARBOUR .ISLAND, NORTH
ELEUTHERA, BAHAMAS, is applying, to the Minister
responsible for Nationality an itizenship, for
registration/naturalization as a citizen of The Bahamas,
and that any person who knows any reason ral
registration/ naturalization should not be grzated,
should send a written and signed statement of the facts
within twenty-eight days from the 11TH day of JULY
2008 to the Minister responsible for Nationality and
Citizenship, P.O.Box N- 7147, Nassau, Bahamas.

PUBLIC NOTICE
INTENT TO CHANGE NAME BY DEED POLL
The Public is hereby advised that |, NICOLA NERISSA GIBSON
of the Western District of the Island of New Providence, one of
the Islands of the Commonwealth of The Bahamas, intend to
change my name to NICCOLA NERISSA GIBSON. If there



are any objections to this change of name by Deed Poll, you may
write such objections to the Chief Passport Officer, PO.Box N-

| 742, Nassau, Bahamas no later than thirty (30) days after the date
of publication of this notice.

FOR SALE

Lot No. 23, Block 1 Unit 1
Cannon Bay Subdivision, Grand Bahama

All that parcel of Vacant Land containing 25,000
square feet or .57 acres situate in Unit 1 of Cannon
Bay Subdivision. The property is located on the west
side of Breech Drive, north of Cannon Ball Lane,
and is one hundred and twenty-five feet along the
waterway. All the roads are paved with asphalt and
all utilities are in place. The area is approximately
seven miles east of the Commercial District of
Freeport.

For conditions of sale and any other information.
please contact:
Credit Risk Management - Collection Unit
At: 502-0929 or 356-1608

Interested persons should submit offers in writing
addressed to:

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

To reach us before July 31, 2008
Serious Enquires Onl

Sasa cers alee ccna Nea ANAL Tn



THE TRIBUNE

FHIDAY, JULY 18, 2008, PAGE 5B



FROM page one

Mr Olenicoff’s mistake was
to fail to declare his offshore
holdings for the period 1998-
2004 and file a false tax return
with the US Internal Revenue
Service (IRS). His fate was tied
to that of Bradley Birkenfield,
a former UBS banker, who
earlier this year pled guilty to
“conspiring with Mr Olenicoff
to defraud the IRS and avoid
payment of taxes owed on
about $200 million worth of
assets” that had been trans-
ferred outside the US.

Detailing the two men’s rela-
tionship, the US Senate report
said it began in 2001, when Mr
Birkenfieid was leaving his job
with Barclays Bank in Switzer-
land to join UBS.

“According to Mr Birken-
field, Mr Olenicoff had been a
client at Barclays Bank in the
Bahamas,” the report alleged.
“He said that, after joining the
Qualified Intermediary (QI)
programme in 2001, Barclays
decided to close all of its
Bahamas accounts with US
clients, including Mr Olenicoff.

“Mr Birkenfield said that the
Barclays account manager in
the Bahamas telephoned him
to see if the Swiss office could
accept the Olenicoff account.”

After Mr Birkenfield per-
suaded the US billionaire to
move his account from Bar-
clays (which in the Bahamas

Billionaire

subsequently merged with
CIBC to form FirstCaribbean
International Bank Bahamas)
to UBS, Mr Olenicoff wanted
to open an account with the
latter in the name of Guardian
Guarantee Corporation, a
Bahamian company he con-
trolled.

“Mr Birkenfield provided
the account opening documen-
tation to Mr Olenicoff in Cali-
fornia, and to a Bahamas firm
that administered Guardian
Guarantee Corporation,” the
Senate report found.

That company, which acted
as Guardian Guarantee Cor-
poration’s registered agent in
the Bahamas, was the McKin-
ney, Bancroft & Hughes law
firm.

The Senate report drew on
an October 11, 2001, letter sent
to Hartis Pinder, an attorney
and partner at McKinney, Ban-
croft & Hughes, by Mr Oleni-
coff to prove the UBS account
opening, the document refer-
ring to the Bahamian law firm
as the “corporate office for
Guardian”.

There is nothing in the
report to suggest that Mr Pin-
der, McKinney, Bancroft &
Hughes or any of its employ-
ees, or Barclays (First-
Caribbean) or any of its
employees did anything wrong

Chancellors Chambers
will be closed on

in relation to the Olenicoff
affair and his tax evasion. No
charges have been filed against
any of them in relation to the
episode.

Still, the US Senate report
found: “Mr Birkenfield agreed
to open the account, even
though he knew Mr Olenicoff
was the true beneficial owner
of the assets, and the Bahamas
corporation was being used to
conceal that ownership........

“In December 2001, Mr
Olenicoff transferred about $89
million from Barclays Bank in
the Bahamas to the new
Guardian Guarantee Corpora-
tion account at UBS in Switzer-
land. .

Elsewhere, the Senate report
detailed how Mr Olenicoff’s
assets were restructured, so
that shares in OLEN US,

which were held by a Bahami-
an company, were placed
under a Danish holding com-
pany. That would be formed
solely to hold the Bahamian
company’s shares.

Mr Olenicoff said in a letter
to his bankers: “It is the pref-
erence of the current holder of
the stock, a Bahamian corpo-
ration, to move the ownership
to an onshore entity, but one
which provided complete
anonymity as to the beneficial
owners.”

The report further alleged:

“On another occasion, Mr .

Olenicoff appears to have
transferred substantial real
estate assets in the US from an
entity he controlled in the
Bahamas, National Depository
Company, to the Landmark
Settlement in Liechtenstein.”

Companies spare no expense

FROM page one

sons coming in who really thought that they could not afford to hire
security, but they now know they cannot afford to take the chance

of their business being hit,”

Mr Johnson said.

Just last month, concern over the high number of businesses
experiencing break-ins and robberies in the Carmichael Road area
prompted business owners there to hold a special business and
crime prevention strategy town meeting.

Also, there have in recent weeks been a number of brazen day-
light bank robberies, all of which have prompted the Ministry of
National Security and the police force to extend training to private
security personnel to help them better carry out their functions.

Legal Notice

NOTICE
LUCCILL TOWERS S.A.







NOTICE

NOTICE is hereby given that ANGELIA ADORAT DORVIL
OF SAPPODILLA ROAD, NORTH EIGHT MILE ROCK,
GENERAL DELIVERY, FREEPORT, GRAND BAHAMA,
BAHAMAS is applying to the Minister responsible for Nationality
and Citizenship, for registration/naturalization as a citizen of
The Bahamas, and that any person who knows any reason why
registration/ naturalization should not be granted, should send a
written and signed statement of the facts within twenty-eight days
from the 12th day of JULY, 2008 to the Minister responsible for
Nationality and Citizenship, P.O.Box N-7147, Freeport, Bahamas.



foe
BAHAMAS

- gypcr mate cs,

SE LIMITED

11 fo) Wee eel a

Bahamas Supermarkets Limited operates a leading
supermarket chain in The Bahamas. As a market leader,
the Company prides itself on delivering premier service
through its City Market supermarkets, having a strong
commitment to its customers, associates and community.

An opportunity for a Senior Accountant to join this market
‘leader has arisen. The Senior Accountant will report to the
Chief Financial Officer.

RESPONSIBILITIES

¢ Ensure that assigned accounts are reconciled Syith
. variances from prior period and budget

¢ Ensure that the period end reports are prepared in a
timely manner
* Assist in providing data and analysis required by
operational, corporate staff and auditors as requested
* Assist in system upgrades and/or conversions
* Special projects as assigned from time to time
¢ Ensure the consistent application of organization
policies
¢ Supervise and direct staff
¢ Train staff as appropriate.

REQUIREMENTS
¢ Bachelors’ degree in Accounting
¢ Pursuing CPA certification preferred
¢ 3-5 years experience in accounting department
* Must be proficient with MS Office and Outlook

Friday, 18th July, 2008

Our staff will be participating

Notice is hereby given that in accordance with Section

-138(8) of the International Business Companies Act

2000, the dissolution of LUCCILL TOWERS S.A. has
been completed; a Certificate of Dissolution has been
issued and the Company has. therefore been struck

¢ Experience in AccPac is preferred

* Requires good communication skills, both verbal and
written

¢ Must possess excellent interpersonal skills

‘* Must be able to interact with external customers,

in our annual Pun Day.

off the Register, auditors and various levels of management.

Human Resources Director
Bahamas Supermarkets Limited
" East: West Highway « P. O. Box N 3738 « Nassau, Bahamas
Or e-mail to: humanresources@bahamassupermarkets.com
No telephone inquiries please

We shall return to normal
business operations
on the following
Monday, 21st July, 2008.

ARGOSA CORP. INC.

(Liquidator)

A ROUND TRIP

AEN JULY 14-13 88







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| REGISTRATION
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Friday, July 25, 2008
— $30. am - 4330 pm
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Cable Beach

Small interactive Class
Seats are Limited —




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PAGE 6B, FRIDAY, JULY 18, 2008

Legal Notice

NOTICE
WESTBROOKE CORP.

Notice is hereby given that in accordance with Section

138(8) of the International Business Companies Act
2000, the dissolution of WESTBROOKE CORP. has

been completed; a Certificate of Dissolution has been.

issued and the Company has therefore been struck
off the Register.

ARGOSA CORP. INC.
(Liquidator)



NOTICE
LATERNENSTRASSE INC.

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

ARGOSA CORP. INC.
(Liquidator)

Legal Notice .

NOTICE

FUBU HILLS INC...

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

ARGOSA CORP. INC.
(Liquidator)

Legal Notice

NOTICE

HALOGEN VALLEY INC.

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

ARGOSA CORP. INC.
(Liquidator)

Legal Notice

NOTICE

OPAL TWENTY-EIGHT LTD.

Notice is hereby given that in accordance with section 138
(8) of the International Business Companies Act 2000, the
dissolution of OPAL TWENTY-EIGHT LTD. has been
completed; a Certificate of Dissolution has been issued and

the Company has therefore been struck off the Register.

ARGOSA CORP. INC.
(Liquidator)

Moves to revive Morgan Stanley development

FROM page one

tied down with an owner that does not develop it, and the land
is subsequently lost for development purposes.

It is not, though, blaming Morgan Stanley for the project’s fail-
ure to proceed, given the global economic and financial situation,
coupled with the Port’s shareholder dispute.

The Barbary Beach project had been billed by some as
Freeport’s equivalent of what Kerzner International had accom-
plished on Paradise Island with Atlantis and the One & Only
Ocean Club.

Rick Hayward, son of Sir Jack Hayward, said in an affidavit
filed over the Port ownership dispute, that the Barbary Beach
project would cost “upwards of several hundred million dollars”.

If it did not happen, he alleged that it would “be a significant
loss to the Freeport economy. Conservatively, billions of dollars
in infrastructure and other development investment would be
lost”.

The Morgan Stanley project, Mr Hayward alleged at the time,
had been in the planning stages since early 2006, and “had
reached a stage of maturity”.

He added: “The development will include a number of hotels,
significant entertainment facilities, residential development,
roads and infrastructure.

“It will also include sporting facilities, such as pools, golf
courses, tennis courts and a marina.’

Legal Notice

NOTICE
GABLED CORAL INC.

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

2000, the dissolution of GABLED CORAL INC. has |

been completed; a Certificate of Dissolution has been
issued and the Company has therefore been struck
off the Register.

ARGOSA CORP. INC.
(Liquidator)

Legal Notice

NOTICE

|-|-CAMBODIAM INC.

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

ARGOSA CORP. INC.
(Liquidator)

Legal Notice

NOTICE |
LUGO STREAMS INC.

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

ARGOSA CORP. INC.
(Liquidator)

Legal Notice

NOTICE
SANTA CLAUS VALLEY LTD.

(In Voluntary Liquidation)

| Notice is hereby given that the above named

Company is in dissolution, which commenced
on the 28rd day of June 2008. The Liquidator
is Argosa Corp. Inc., P. O. Box N-7757 Nassau,

Bahamas.

ARGOSA CORP. INC.
~ (Liquidator)

FROM page one

in the outside world. We need to
look outside. Unfortunately, every-
one has so far remained within the
borders, and not looked regional-
ly or internationally.

“Hopefully, this event is a cata-
lyst that moves this forward, bring-
ing stakeholders into a forum and
seeing where we go.”

There were several couture-style
designers in the Bahamas, Mr
Bethel said, but they usually pro-
vided design services to individuals
on request and had not moved
towards commercial production,

It was the same with seam-
stresses, who provided their ser-
vices to individuals again, and had
not developed into retail business-
es.

Given the strong Bahamian
tourism industry, Mr Bethel said
selling fashion, garment and acces-
sories products to visitors was a
natural market, especially if they
were of good quality and authen-
tically Bahamian. These products
could also easily be taken back to

THE TRIBUNE

‘Miche market’

their home countries by tourists.

Mr Bethel added: “I see the
proximity to the US and the tourist
trade as being significant. The fact
is that if it’s quality and home-
grown, they should be selling, and
if they cost more than any ‘rip-off
designer fakes, people pay more
for quality items produced in the
Bahamas.”

The Internet and on-line e-com-
merce sales was another avenue
that could be exploited to kick-
start a Bahamian fashion industry,
Mr Bethel said, given that many
persons bought clothing after shop-
ping for it, then ordering, on-line.

“The marketing effect that is
there from the Internet is just phe-
nomenal,” Mr Bethel told Tribune

_ Business.

“We as a people need to see
there is a whole world beyond the
borders of the Bahamas that is
accessible if you have the right
product. Are we making adequate
use of the vehicles that are there?”

Legal Notice

NOTICE
ART DESIGN LIMITED

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

ARGOSA CORP. INC.
(Liquidator)

NOTICE
LIBERTY CRUSADE LTD...

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

ARGOSA CORP. INC.
(Liquidator)



Legal Notice

NOTICE

FIREWEED VALLEY INC.

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

ARGOSA CORP. INC.
(Liquidator)

Legal Notice

NOTICE
OCEAN POINT VALLEY CORP.

— H—

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

ARGOSA CORP. INC.
(Liquidator)





ames

=n

THE TRIBUNE ~



Office Of

THE LOCAL GOVERNMENT ACT
(CHAPTER 37)

THE LOCAL GOVERNMENT (AMENDMENT OF FIRST
SCHEDULE) (NO. 2) ORDER, 2008

The Minister, in exercise of the powers conferred by section 4 (2) of the

Local Government Act, makes the following Order -

Citation. 1. This Order may be cited as the Local Government (Amendment of First
Schedule) (No. 2) Order, 2008.
Repeals and 2. The First Schedule to the Local Government Act is repealed and replaced
replaces by the following =
the First
Schedule to FIRST SCHEDULE (section 4(2))
eT ‘Local Government Districts
The District “Boundaries
Grand Cay * North Abaco Constituency
Polling Division No. 1
North Abaco North Abaco Constituency
Polling Division Nos. 2, 3, 4, 5 & 6
Green Turtle North Abaco Constituency
Cay Polling Division No.7

ad

Central Abaco North Abaco Constituency
Polling Division Nos. 8, 9, 10 & 11

South Abaco Constituency
Polling Division Nos. 4, 5,6 & 7

South Abaco _ South Abaco Constituency
Polling Division Nos. 8,.9,:10:& 11 in ROM
. sar ENE oy

Hope Town —,._: South Abaco Constituency
- “Polling Division Nos. 1,2 & 3

Moores Island —__, South Abaco Constituency
Polling Division No. 12

Acklins MICAL Constituency
. Polling Division Nos. 4, 5, 6 & 7

Crooked Island = MICAL Constituency
and Long Cay Polling Division Nos. 1, 2,3 & 8

North Andros North Andros.fgonstituency
Polling Division Nos. 1, 2, 3, 4, 5, 6, 7,9 & 10

Central Andros = North Andros Constituency
: Polling Division Nos. 11, 12 & 13

South Andros Constituency
Polling Division Nos. 9A, 9B, 10, 11 & 12

South Andros South Andros Constituency
Polling Division Nos. 1, 2, 3,4, 5 & 6

Mangrove Cay South Andros Constituency
Polling Division Nos. 7 & 8

North Andros Constituency

Berry Islands : .
Polling Division No. 8

Bimini West End & Bimini Constituency
Polling Division Nos. 8, 9, 10 & 11

Cat Island, Rum Cay & San Salvador Constituency
Polling Division Nos. 1, 2, 3, 4, 5, 6,7 & 8

Black Point Exuma Constituency
Polling Division Nos. 1, 2 & 3

Cat Island

Exuma Exuma Constituency
: Polling Division Nos, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14 & 15
Harbour Island North Eleuthera Constituency
Polling Division Nos. 1,2 &3
Spanish Wells North Eleuthera Constituency

Polling Division Nos. 4, 5 & 6
North Eleuthera North Eleuthera Constituency
Polling Division Nos. 7, 8, 9, 10 & 11

Central Eleuthera North Eleuthera Constituency
Polling Division Nos. 12, 13 & 14

South Eleuthera Constituency
Polling Division Nos. 9, 10, 11, 12 &13

South Eleuthera South Eleuthera Constituency

; Polling Division Nos. 1, 2, 3,4, 5, 6,7 & 8
East Grand High Rock Constituency
Bahama Polling Division. Nos. 1, 2, 4,5, 6 & 9B
West Grand West End & Bimini Constituency
Bahama Polling Division Nos. 1, 2, 3, 4, 5,6 & 7

Eight Mile Rock Constituency
Polling Division Nos.1, 2, 6, 7, 8,9, 10, 11, 12,& 13B
Lucaya Constituency
Polling Division No. 7B
City of Freeport Eight Mile Rock Constituency
Polling Division Nos. 3, 4,5, 13A, 14 & 15
High Rock Constituency
Polling Division Nos. 3, 7, 8, 9A, 10, 11, 12, 13 & 14
Lucaya Constituency
Polling Division Nos. 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16 & 17
Marco City Constituency
Polling Division Nos. 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13 &14
Pine Ridge Constituency
Polling Division Nos. 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12 & 13

MICAL Constituency

Inagua
Polling Division Nos. 1] & i2

OVERNMENT ~
NOTICE

FRIDAY, JULY 18, 2008, PAGE 7B

714

The Prime Minister

Repeal

Long Island and Ragged Island Constituency
Long Tplane Polling Division Nos. 1, 2, 3, 4, 5, 6, 7, 8 & 10

MICAL Constituency
Polling Division Nos. 9 & 10

Long Island and Ragged Island Constituency
Polling Division No. 9

Cat Island, Rum Cay and San Salvador Constituency
Polling Division No. 9

Mayaguana
Ragged Island

Rum Cay,

Cat Island, Rum Cay and San Salvador Constituency

San Salvador
ee Polling Division Nos. 10 & 11”.

3. The Local Government Act, (Amendment of First Schedule) Order, 2008

of S.I. No. is hereby repealed.

41 of 2008.

mi bh te

Citation.

Specification
of number of

Councillors.

Repeal
of S. I. No. 42
of 2008.





LOCAL COUNCIL CONSTITUENCY AND
GOVERNMENT MEMBERS POLLING DIVISIONS
DISTRICTS

NORTH ABACO

CENTRAL ABACO

SOUTH ABACO

—
Made this 7 ay of Deby , 2008.

Signed:
Hubert A. Ingraham

Minister responsible for Family Island Affairs .

THE LOCAL GOVERNMENT ACT
(CHAPTER 37)

THE LOCAL GOVERNMENT (COUNCILLORS)
(SECOND SCHEDULE DISTRICTS) (NO. 2) REGULATIONS, 2008

The Minister, in exercise of the powers conferred by section 54 (a) of the

“Local Government’Act, make s'thé’followifig- Regiilation’ + Meg Bent Rae &

1. These Regulations may be cited as the Local Government

(Councillors) (Second Schedule Districts) (No. 2) Regulations, 2008.

2. The Council of a district specified in the first column of the Schedule
to this Order shall consist of the respective number of Councillors specified in the .
second column of the Schedule in relation to the respective constituencies and
polling divisions, town areas and settlements of that district, specified in the third,

fourth and fifth columns of that Schedule.

3. The Local Government (Councillors) (Second Schedule Districts)

Regulations, 2008 is hereby repealed.

SCHEDULE










TOWN AREAS SETTLEMENTS

North Abaco Constituency Little Abaco

Polling Division 2








Crown Haven, Fox Town
Mount Hope









Wood Cay &

Polling Division 3 Cedar Hatbo
edar Harbour









North Abaco Constituency
Polling Division 4



Cooper’s Town



Coopers Town






Fire Road &
Blac*wood

Polling Division 5








North Abaco Constituency Treasure Cay

Polling Division 6





Treasure Cay







South Abaco Constituency Marsh Harbour/

Spring City






Polling Division 4



Marsh Harbour






Polling Division 5



Mash Harbour






Polling Division 6



Marsh Harbour










Polling Division 7




Spring City



Murphy Town




North Abaco Constituency
Polling Divisions 8 & 11





Murphy Town




North Abaco Constituency Dundas Town

Polling Divisions 9 & 10



Dundas Town











South Abaco Constituency

Polling Division 8 Cherokee Sound

Cherokee Sound















Casurina Point & Bahama
Palm Shores

South Abaco Constituency
Polling Division 9















CENTRAL ANDROS





South Abaco Constituency

: — Crossing R
Polling Division 1G rossing Rock



Crossing Rock








Sandy Point



South Abaco Constituency
Polling Division 1)






Sandy Point




South Andros Constituency




Behring Point &
Cargill Creek













Behring Point

Polling Division 9A Cargill Creek
ill Cree






Polling Division 9B



Cargill Creek & Man-O-
War Sound





Bowen Sound








Polling Division 10



Fresh Creek




South Andros Constituency
Polling Divisions 11 &12



AUTEC, Andros Town,
Fresh Creek, Calabash
Bay, Small Hope Bay,
Love Hill ‘














LOCAL

DISTRICTS

ELEUTHERA

GOVERNMENT

_PAGE 8B, FRIDAY, JULY 18, 2008

COUNCIL CONSTITUENCY AND
‘MEMBERS | POLLING DIVISIONS

North Andros Constituency
Polling Division 1)



Staniard Creek
North Aadros Constitueacy
Polling Division 12

North Andres Constituency
Polling Division 13

ee
North Andros
Constituency
Polling Division 1
Polling Division 2
Polling Division 6 .
North Andros
Constituency
Polling Division 3
Polling Division 4
Polling Division5 __ /
North Andros
Constituency
Polling Division 7
Polling Division 9
Polling Division 10

Nicholl’s Town



Mastic Point




South Andros Constituency
Polling Division }




Polling Division 2





South Andros Constituency
Polling Division 3

South Aadres Constituency
Polling Division 4






The Bluff

.




South Andros Constituency

Bay Ca
Polling Division 5 Lesbos



Polling Division 6

Cat Island, Rum Cay & San | Arthur's Town















































TOWN SETTLEMENTS
AREAS
















Lowe Sound

Lowe Sound & the
Part of San Andros

west of the Queen's
Highway

Red Bays

Nicholl’s Town
Morgan's Bluff



Nicholl’s Town &
the Part of San
Andros east of the
Queen’s Highway

Conch Sound

BARC

North Mastic Point

South Mastic Point

Mars Bay

Deep Creek, Pleasant
Bay, Lite Creek,

Black Point,
Kemp’s Bay,
Johnson Bay,
Smith’s Hill



The Bluff

‘LOCAL CONSTITUENCY AND TOWN SETTLEMENTS
: GOVERNMENT POLLING DIVISIONS AREAS
DISTRICTS

3 ' j

Salvador Constituency Dumfries, Arthur's Town &

Polling Division | Zion Hill

Polling Division 2 Orange Creek

Polling Division 3 Bennett's Harbour, Stevenson,
Industrious Hill, Gaitors, The
Bluff, Wilson Bay, Rokers &
Thurston Hill .

Cat Island, Rum Cay & San

Constituency
Polling Division 13

South Eleuthera Constituency Taspum Bay
2 Polling Division 1

South Eleuthera Constituency | Rock Sound |
_3 Polling Division 2

Polling Division 3

South Eleuthera Constituency Green Castle

Polling Division 4

1 South Eleuthera Constituency Wemyss Bight
-3 Polling Division 5

Polling Division 6
- | Polling Division 7

Polling Division 8

-Exuma Constituency East Exuma
Polling Division 8 .
Polling Division9
Polling Divisions 10 vee
Polling Divisions 11 &14
Polling Division 12

: Polling Division 13
Exuma Constituency West Exuma
Polling Division 4
Polling Division 5
Polling Division 6
Polling Divisions 7 & 15



Salvador Constituency The Bight

Polling Division 4 Cove, Tea Bay, Smith’s Bay

Cw LO Viasat igs “I and Knowles

Polling Division 5 New Bight

Polling Division 6 '] Old Bight

Polling Division 7 Bain Town, Port Howe &
Zonicle Hill

Polling Division 8 McQueen’s & Devil Point

North Eleuthera

Constituency

Polling Division 12. Gregory Town | Gregory Town

North Eleuthera -

Hatchet Bay | Alice Town & Hatchet Bay

Polling Division 14 James Cistern janice Cistern & Rainbow
jay :
count Eleuthera Governor’s ;
Constituen: larbour
Polling Divisions 9 & 10 B Governor’s Harbour
South Eleuthera Palmetto Poir.t
Constituency
Polling Divisions 11412 North & South Palmetto
: Point
South Eleuthera Savannah
Constituency Sound :
Polling Division 13 y Savannah Sound &
Windermere Sound

LOCAL COUNCIL CONSTITUENCY ‘AND . TOWN
GOVERNMENT MEMBERS | POLLING AREAS
DISTRICTS DIVISIONS

Tarpum Bay

Rock Sound
Rock Sound

Green Castle

Wemyss Bight,
Millers & John
Millars

Deep Creek
Waterford

Bannerman Town °

The Forest

Jimmy Hill, Mount
Thompson and
Ramsey

Hermitage, Tar Bay
and Moss Town

George Town, Jolly
Hall & Bahama
Sound

Rolle Town and
Hartswell

Forbes Hill, Williams
Town and Ferry

Barreterre & Ametts
Track

Stuarts Manor, Curtis
& Alexander

Rolleville

Farmer’s Hill &
Gilbert Grant
Steventon. Roker’s
Point, Harts, Ocean
Bight & Calvin Hill





















Citation.

Specification
of number of

Councillors.

Repeal
of S. I. No. 43
of 2008.

THE TRIBUNE

LOCAL COUNCIL | CONSTITUENCY AND TOWN AREAS SETTLEMENTS sity
GOVERNMENT MEMBERS | POLLING
DISTRICTS DIVISIONS

nee



High Rock Constituency Sweeting’s Cay

Polling Division 1

nN

Sweeting’s Cay

3 Polling Division 2 High Rock High Rocl
Polli Sr

olling Division 6 McCleans Town and
Pelican Point
High Rock Constituency

7 a Freetown, Bevans Town,

Polling Division 4 Gambier Point & Gold
Rock Creek

Poiling Division 5 Water Cay

Polling Division 9B Mather Town and Smith's

Point

West End & Bimini
Constituency

Polling Division 1 West End

Polling Division 2 West End

Polling Division 3 West End

West End & Bimini
Constituency

Polling Division 4 Holmes Rock
Polling Division 5 Martin Hill
Polling Division 6

Polling Division 7 Jones Town

Eight Mile Rock Constituency | Eight Mile Rock

Polling Division 6 East Hepbum Town
Polling Division 7 Bartlett Hill
Polling Divisions 8 & 9 Hanna Hill
Polling Divisions 10 & 11 Pinedale
Eight Mile Rock Constituency :
Polling Division 12 Martin Town and Russell
Town
Lucaya Constituency
Polling Division 7B Williams Town & Russell
iams Town
Town
Eight Mile Rock Constituency
Polling Division 13B Hunter's Town and
Mack Town
Eight Mile Rock Constituency
Polling Division 1 Lewis Yard
Polling Division 2 :
Pinder's Point



LOCAL COUNCIL CONSTITUENCY AND | TOWN
GOVERNMENT | MEMBERS POLLING
DISTRICTS DIVISIONS

SETTLEMENTS

Long Island & Ragged Island | North End

Constituency

Polling Division 5 Salt Pond
Polling Division 6 Miller’s and McKanns
Polling Division 7 ,

Polling Division 8

Long Island’ & Ragged Island | Th
Constituency. : . : i
Polling Division 1’ RarhedG 94 isvi a | Py,

Polling Division 2

Polling Division 3

Scrub Hill and Tumbul!

Polling Division 4

“Long Island & Ragged Island
Constituency
Polling Division 10



Made this / 7 ay of \£, , 2008.

Signed:
Hubert A. Ingraham

Minister responsible for Family Island Affairs

THE LOCAL GOVERNMENT ACT
(CHAPTER 37)

THE LOCAL GOVERNMENT (COUNCILLORS)
(THIRD SCHEDULE DISTRICTS) (NO.2) ORDER, 2008

The Minister, in exercise of the powers conferred by section (10) 4 of

the Local Government Act, makes the following Order -

1. | This Order may be cited as the Local Government (Councillors)
(Third Schedule Districts) (No. 2) Order, 2008.

’

2. The population of a local government district specified in the first
column of the Schedule to this Order, shall elect to the District Council for that
district, the respective number of Councillors specified in the fourth columns of that
Schedule in relation to the respective constituencies and polling divisions, islands

and settlements of that district, specified in the second and third columns of that
Schedule.

a

3. The Local Government (Councillors) (Third Schedule Districts) Order,
2008 is hereby repealed.

2



THE TRIBUNE

SCHEDULE

LOCAL CONSTITUENCY AND
GOVERNMENT POLLING DIVISIONS
DISTRICTS

MICAL CONSTITUENCY | ACKLINS

Polling Division 4

Lovely Bay, Chesters, Pine Field and

Anderson

Polling Division 5

Snug Comer, Hard Hill,

Mason Bay

Polling Division 6

Pompey Bay, Spring Point, Delectable Bay,

Morant Bay & Binnacle Hill

Polling Division 7

NORTH ANDROS
CONSITUENCY

Salina Point

BERRY ISLANDS

Bullocks Harbour, Great Harbour Cay, Chub

Cay & Surrounding Cays

BIMINI & CAT CAY

Alice Town, as far North as Clinic

Road, Islands in the Great Isaac Chain

Bailey Town, North of Clinic Road
and as far North as YMCA Road

Bailey Town, as far South as YMCA Road

and as far North as McDonald Road

As far South as McDonald Road and the
Islands of Cat Cay, Gun Cay and all the Islands
and Cays adjacent thereto or associated

therewith including Ocean Cay

BLACK POINT

Polling Division 1

Highboume Cay, Norman's Cay Staniel Cay,

Samson Cay &Rat Cay

Polling Division 2 Black Point

Polling Division 3

EIGHT MILE ROCK
CONSITUENCY

Polling Divisions 3, 4, 5, 13,
14&15

Polling Divisions 3, 7, 8 9A,
10, 11, 12, 13 & 14
LUCAYA

CONSTITUENCY

Polling Divisions 1, 2, 3, 4, 5, 6,
7A, 8, 9, 10,11,12, 13, 14, 15, 16
&17

MARCO CONSTITUENCY
Polling Divisions 1, 2, 3, 4, 5, 6,
7, 8,9, 10, 11, 12, 13 & 14

Polling Divisions 1, 2, 3, 4, 5, 6,
7,8, 9, 10, 11, 12 & 13

LOCAL GOVERNMENT | CONSTITUENCY AND
DISTRICTS POLLING DIVISIONS

MICAL CONSTITUENCY

Polling Division 1A

Polling Division 1B

Farmers Cay & Darby Island

GRAND BAHAMA

CROOKED ISLAND /LONG CAY

Landrail Point

Moss Town, Cripple Hill, Richmond Hill

‘| & Sea View

Polling Division 2
Polling Division 3A
Polling Division 3B

|
1} Polling Division 8

Polling Division 1

NORTH ELEUTHERA
CONSITUENCY

Polling Division |
Polling Division 2
Polling Division 3

South Abaco Constituency
Polling Division 1

Polling Division 2

Polling Division 3

MICAL CONSTITUENCY

Polling Divisions 11 & 12

SOUTH ANDROS
CONSTITUENCY

Polling Division 7

13. MAYAGUANA | MICAL CONSTITUENCY
Polling Division 9
Polling Division 10A

Polling Division 10B

SOUTH ABACO CONSITUENCY
Polling Division 12

Polling Division 11

LONG ISLAND & RAGGED
ISLAND CONSITUENCY

Polling Division 9

CAT ISLAND, RUM CAY & SAN
SALVADOR CONSITUENCY
Polling Division 9

CAT ISLAND, RUM CAY & SAN
SALVADOR CONSTITUENCY

Polling Division 10

Polling Division 11

NORTH ELEUTHERA
CONSTITUENCY
Polling Divisions 4, 5 & 6

Cabbage Hill, Fairfield & Church Grove

Colone! Hill

Thompson Hill, Major Cay , True Blue &

Bullet Hill

Long Cay, Fortune Island

GREEN TURTLE CAY

Green Turtie Cay

GRAND CAY/WALKERS CAY

Grand Cay/Walkers Cay

Guana Cay ©
Man-O-War Cay
Hope Town
MATTHEW TOWN

Matthew Town

MANGROVE CAY

Lisbon Creek, Victoria Point, Blue Hole,
Orange Hill,. Grants, Peats, Dorsett, Swains,

»Pinder

MAYAGUANA
Abraham's Bay
Pirates Well

Betsy Bay

MOORE'S ISLAND
The Bight & Hard Bargin’

NORTH ELEUTHERA
Current

Current Island

The Bluff

Lower Bogue

Upper Bogue

RAGGED ISLAND!
Duncan Town, Ragged Island

RUM CAY

SAN SALVADOR

Cockbum . Town, North
Victoria Hill, Long Bay, Sandy
Point, Sugar Loaf, Halls
Landing

United Estates, Reckley Hill,
Polly Hill

SPANISH WELLS



NO. OF
COUNCILLORS





EE

Citation.

Qualification
of public
officers for
election.

Schedule.
Application of
Order to
District
Council.
Repeal of

S.1. No.

45 of 2008.

Citation.

Specification 2.

of town

areas.

Specification
of number of
committee

members. *

Repeal
of S.I.
No. 44
of 2008.

ue {9." A principal or head teacher of any/school which is wholly

: ;
Made this / 7” day of SL, —, 2008.

Signed:
Hubert A. Ingraham

Minister responsible for Family ‘sland Affairs

vet etes soo EEO CAL GOVERNMENT ACT

(CHAPTER 37)

THE LOCAL GOVERNMENT (QUALIFICATION OF PUBLIC
OFFICERS FOR ELECTION TO TOWN COMMITTEE) (NO.2) ORDER, 2008

The Minister, in exercise of the powers conferred by section 22 (g) of the

Local Government Act, makes the following Order -

1. This Order may be cited as the Local Government (Qualification of Public

Officers for Election to Town Committee) (No. 2) Order, 2008.

2. No public officer specified in the Schedule shall be qualified to stand for

‘election as a member of a town committee.

3. . “The provisions of paragraph 2 shall apply to any District Council as those

provisions apply to a town committee.

4. The Local Government (Qualification of Public Officers for Election t

Town Committee) Order, 2008 is hereby repealed.

SCHEDULE

1.” Permanent Secretary, Under Secretary, Deputy Permanent

Secretary, First Assistant Secretary.

2. Director, Deputy Director, Assistant Director and any other Head of
any Government Ministry or Department not otherwise specified in
~ this Schedule.
3. Any person holding a public office prescribed by the Judicial and
Legal Service (Prescribed Officers) Act.

em ee ee tree ee

“4. Auditor-General, Senior Deputy Auditor-General, Assistant Auditor-

General.
5. '. Treasurer, Deputy Treasurer, Assistant Treasurer.

6. Chief Passport Officer, Deputy Chief Passport Officer, Assistant
Chief Passport Officer.

7. Chief Hospital Administrator, Hospital Administrator.

8. _ Controller of Road Traffic, Senior Deputy Controller. of Road
Traffic, Deputy Controller of Road Traffic, Assistant
i Controller of Road Traffic... 1+” }

mod 3 . \

maintained by the Minister responsible for Education.

10. A customs officer appointed under section 3 of the Customs
- + - Management Act. :

“Hi, An immigration officer appointed under section 7 of the
Immigration Act.

42: An officer in the prison service.
13. A local constable.

14. A district medical officer.

15. A district education officer,

16. A staff member of the Administrator’s Office.

Made this » Tiny of A, 2008.

Signed: -
Hubert A. Ingraham

Minister responsible for Family Island Affairs

THE LOCAL GOVERNMENT ACT
(CHAPTER 37)

THE LOCAL GOVERNMENT (TOWN AREAS AND
TOWN COMMITTEE MEMBERS) (NO. 2) ORDER, 2008

‘soo =" “ThE Minister, in exercise of the powers conferred by sections 5 (1) and

6 (3) of the Local Government Act, makes the following Order -

1. This Order may be cited as the Local Government (Town Areas and

Town Committee Members) (No. 2) Order, 2008.

For the purposes of the Local Government Act, 1996, the Local
Government districts specified in the first column of the Schedule to this Cider,
in relation to the respective constituencies and polling divisions specified in the
second column of that Schedu!s are divided into the town areas respectively set

out in the third column of that Schedule in relation to those districts

3. The population of a polling division, or of more than one polling
division, of a town area specified in the third column of the Schedule to this
_,. Order, comprising-sueh- settlements as may be specified in the fourth column of
that Schedule, shall elect to the town committee for the town area, the respective
number of town committee members specified in the fi

fth column of that
Schedule in relation to that town area,

4. The Local Government (Town Areas and Town Committee Members)

Order, 2008 is hereby repealed.

FRIDAY, JULY 18, 2008 PAGE 9B

ee

sae ee

a: me

a

2 Ae Ae



PAGE 10B, FRIDAY, JULY 18,2008 eats : THE TRIBUNE

SCHEDULE LOCAL CONSTITUENCY TOWN AREAS COMMITTEE
GOVERNMENT AND POLLING MEMBERS
DISTRICTS DIVISIONS ‘







COMMITTEE
MEMBERS













CONSTITUENCY TOWN AREAS SETTLEMENTS
AND POLLING
DIVISIONS
NORTH ABACO
CONSTITUENCY

Polling Division 2

LOCAL
GOVERNMENT
DISTRICTS



8.CENTRAL NORTH ELEUTHI:RA :
ELEUTHERA CONSTITUENCY Gregory Town
Polling Division 12













Crown Haven
Fox Town
Mount Hope

Alice Town &



Hatchet Bay



Polling Division 13 Hatchet Bay








Wood Cay &
Cedar Harbour



Polling Division 3
James Cistern &

Rainbow Bay



James Cistern
Polling Division 14





NORTH ABACO
CONSTITUENCY
Polling Division 4







Coopers Town SOUTH ELEUTHERA | Governor's

CONSTITUENCY Guid are taeied
Polling Divisions 9 & 10 | Harbour i




Polling Division 5



Fire Road &
Blackwood





NORTH ABACO
CONSTITUENCY
Polling Division 6

SOUTH ELEUTHERA :
CONSTITUENCY Palmetto Point | och & South .
Polling Divisions 11 &12 Palmetto Point





SOUTH ELEUTHERA | Savannah
CONSTITUENCY Sound Savannah Sound &
Polling Division 13 Windermere Island








Marsh Harbour
& Spring City

SOUTH ABACO
CONSTITUENCY
Polling Divisions 4, 5 & 6






Marsh Harbour



: ‘SOUTH ELEUTHERA.
9.SOUTH CONSTITUENCY Tarpum Bay

ELEUTHERA Polling Division 1 Tarpum Bay




Polling Division 7




Spring City



NORTH ABACO
CONSTITUENCY
Polling Divisions 9 & 10




SOUTH ELEUTHERA | Rock Sound
CONSTITUENCY , Rock Sound
Polling Divisions 2 & 3





Dundas Town




Murphy Town ;
SOUTH ELEUTHERA
CONSTITUENCY Green Castle

Polling Division 4






Polling Divisions 8 & 11 Murphy Town






Green Castle



SOUTH ABACO Cherokee Sound
CONSTITUENCY

Polling Division 8










SOUTH ELEUTHERA ;
CONSTITUENCY Wemyss Bight

Polling Division 5 Wemyss Bight,
Millers & John
Millars

Cherokee Sound





Casurina Point &

Polling Division 9. -
Nene ante Bahama Palm Shores







Crossing Rock

Polling Division 10° Polling Division 6 Deep Creek




Crossing Rock



Polling Division 7 , Waterford




Sandy Point .




Polling Division 11 Polling Division 8 Bannerman Town



Sandy Point






NORTH ANDROS Mastic Point ©
CONSTITUENCY

Polling Division 7







BARC












Polling Division 9 North Mastic Point



TOWN SETTLEMENTS COMMITTEE
AREAS * | MEMBERS

The Forest







LOCAL CONSTITUENCY AND
GOVERNMENT POLLING DIVISIONS
DISTRICTS

EXUMA

10. EXUMA




South Mastic Point





Polling Division 10
CONSTITUENCY
Polling Division 8





Polling Division 9 Jimmy Hill. Mount Thompson

& Ramsey







LOCAL CONSTITUENCY TOWN ©. 0s 1 SETTLEMENTS COMMITTEE
GOVERNMENT AND POLLING AREAS MEMBERS
DISTRICTS DIVISIONS

NORTH ANDROS Lowe Sound
CONSTITUENCY
Polling Division 1 Lowe Sound
_ | Polling Division 2 : <> | Lowe Sound & a Part of
S Bets San Andros west of the
t s , : Queen's Highway
Polling Division 6 a Red Bays

3
3
1
7

NORTHANDROS | Nicholl’s Town

CONSTITUENCY, Nicholl’s Town

Polling Division 3 Morgan's Bluff

A . Nicholl’s'Town & the
Polling Division 4 Partiof San Andros cast
of the Queen's Highway:
Polling Division J S53), Conch Sound
Ne rani csi oa rapa ;

Hermitage, Tar Bay & Moss
Town



Polling Division 10





George Town, Jolly Hall &
Bahama Sound,
Cottage & Master Harbour

Polling Divisions 1] & 14





—








Polling Division 12



Rolle Town and Hartswell




Forbes Hill, Williams Town, &
Ferry



Polling Division 13






EXUMA
CONSTITUENCY
Polling Division 4









Barreterre & Ametts Track



Stuarts Manor, Curtis &
Alexander

Polling Division 5




Polling Division 6 Rolleville





Farmer’s Hill & Gilbert Grant
Steventon, Roker’s Point,
Harts, Ocean Bight & Calvin
Hill



Polling Divisions 7 & 15







ag tevaws Lee Fy

Na

pete






















































Polling Division 9A Behring Point 1
NES HIGH ROCK ing’
Polling Division 9B ; Cargill Creek & Man- | 11. EAST GRAND | CONSTITUENCY one :
~ O-War Sound Polling Division 1 Sweeting’s Cay
Polling Division 10 Bowen Sound
Lb ae High Rock
Polling Division 2 High Rock
Polling Divisions 11 | Fresh Creek AUTEC, Andros Polling Division 6 McCleans Town and Pelican
&12 ” | Town, Fresh Creek, Point
i Calabash Bay, Small
Hope Bay, Love Hill “ ee Free Town
: aya Polling Division. 4 ~ | Freetown, Bevans Town,
: : Gambier Point & Gold Rock
Creek
NORTH ANDROS, | Staniard Creek faeces
CONSTITUENCY Stafford Creek Pee Wor Cay
Polling Division 1} ‘ :
. Sees hay Blanket Sound ‘ Polling Division 9B Mather Town and Smith’s
Polling Division 12 Point
Polling Division 13 Stantard Creek
je

a ‘ : LOCAL : CONSTITUENCY AND | TOWN AREAS | SETTLEMENTS COMMITTEE ‘
‘ ; Oe é i GOVERNMENT POLLING DIVISIONS MEMBERS
TOWN AREAS COMMITTEE . DISTRICTS
MEMBERS

LOCAL .. | CONSTITUENCY AND .
GOVERNMENT _|’POLLING DIVISIONS 12, WEST GRAND WEST END & BIMINI
DISTRICTS : BAHAMA CONSTITUENCY
. SOUTH ANDROS Polling Division 1
CONSTITUENCY



Polling Division 1 Mars Bay Polling Division 2

Polling Diyision 2A Pleasant Bay Polling Division 3
Polling Division 2B ; Little Creek
WEST END & BIMINI | Eight Mile Rock
CONSTITUENCY West

Polling Division 4 Holmes Rock

Polling Division 2C Deep Creek

Polling Division 5 Martin Hill

SOUTH ANDROS Kemp’s Bay
CONSTITUENCY ‘
Polling Division 3A Black Point

Polling Division 6 Seagrape

Polling Division7 * Jones Town

Polling Division 3B Kemp’s Bay &

Johnson Bay
EIGHT MILE ROCK | Eight Mile Rock
‘

Polling Division 3C Smith’s Hill CONSTITUENCY East
Polling Division 6 Hepbum Town -

Polling Division 4 The Bluff Polling Division 7 Bartlett Hill

SOUTH ANDROS Long Bay Cays

CONSTITUENCY

Polling Division 5A High Rock and
Duncombe Coppice

Polling Divisions 8 & 9 : Hanna Hill

Polling Divisions 10 & 11 Pinedale

Polling Division 5B Long Bay, Long Bay
Cays, Congo Town
and Motion Town

EIGHT MILE ROCK
CONSTITUENCY

Polling Division 12 Martin Town and

Polling Division 6 tafe Driggs Hill Russell Town

7.CAT ISLAND CAT ISLAND, RUM CAY | Arthur's Town Pinder’s Point

& SAN SALVADOR

CONSTITUENCY
Polling Division t Dumfries, Arthur's
Town & Zion Hill

EIGHT MILE ROCK

CONSTITUENCY

Polling Division 13B Hunter’s
Mack Town

Polling Division 2 LUCAYA

CONSTITUENCY

Polling Division 7B Williams Town,
Russell Town

Orange Creek

Polling Division 3 Bennett’s Harbour,
Stevenson,
Industrious Hill,
Gaitors, The Bluff,
Wilson Bay, Rokers
& Thurston Hill

EIGHT MILE ROCK
CONSTITUENCY panera
. ae a

CAT ISLAND, RUM CAY Polling Division |

& SAN SALVADOR

CONSTITUENCY

Polling Division 4 Cove, Tea Bay,
Smith's Bay and
Knowles

Polling Division 2 Pinder’s Point

Polling Division 5 New Bight

Polling Division 6 Old Bight

Polling Division 7
Bain Town, Port Howe
& Zonicle Hill

McQueens & Devil

Point



Polling Division 8



THE TRIBUNE

FRIDAY, JULY 18, 2008, PAGE 11B











LOCAL
GOVERNMENT
DISTRICTS
13. LONG ISLAND LONG ISLAND &
RAGGED ISLAND
CONSTITUENCY
Polling Division $



Polling Division 6

Polling Division 7

Polling Division 8




LONG ISLAND &
RAGGED ISLAND
CONSTITUENCY
Polling Division |







Morrisville, Roses, Hard
Bargain, Bain, Fords,
McKenzie, Mortimers,
Berries, Wood Hill,
Dunmores, Taits, Cabbage
Point & Gordon’s





Clarence Town



Polling Division 2

Deadman’s Cay,
BillyBowe, Buck.cys



Polling Division 10



Cartwrights, Mckenzie,
Mangrove Bush, Pettys,
Hamilton, Benzie Hill,

Scrub Hill and Tumbull

Polling Division 3



The Bigh, Grays & Lower
Deadman's Cay




Polling Division 4

sind tle! 7 day of Swe, 2008.





Signed:
Hubert A. Ingraham

Minister responsible for Family Island Affairs

RCURY

“4 On The Water











Sem Commercial Outboards



Hard Working Mercury SeaPro Omer

From 25 to 75 HP in stock now.

All Sea Pro’s come standard with:

¢ Blackmax aluminum propeller

¢« Mercury six gallon fuel tank

e Mercury one year commercial warranty
Featuring:

e Stronger ignition systems

e Extra heavy-duty gear cases

° Rugged internal components

LIGHTBOURNE MARINE

EAST BAY STREET, NASSAU, BAHAMAS
PH: 393-5285










hin a ee
Tourism needs ‘new life and character’

FROM page one

where the event is being hosted, could expect to
receive between $500-$600 in room revenues per
person, regardless of their personal spending.

If Islands of the World Fashion Week visitors
remained true to Ministry of Tourism data regarding
visitor spending, and spent between $1,000 to $1,100
per person, it is possible the event’s impact may
run into between $1 million to $2 million.

Some four Bahamians - three garments designers
and one accessories designer - are likely to be among
the designers exhibiting at Islands of the World
Fashion Week, with the full slate of designers sched-
uled to be announced in early to mid-August.

The deadline for the submission of designers
names is end-July.

by several TV companies” interested in screening
Islands of the World Fashion Week, including Fash-
ion TV. An Italian TV station was also interested in
covering it.

In addition, a number of print media houses were
also planning to cover the event. Most were fashion
trade publications, but a newspaper in Philadelphia
was also interested in coming to the Bahamas to
feature the event in its lifestyle, fashion and leisure
section.

While the fashion event would be their primary
focus, Mr Bethel said the Ministry of Tourism was
also gearing up to show the visiting media around
Nassau “so they can get to know what the Bahamas
is about”.

“We will certainly get wide coverage from a
tourism perspective,” he added. “The Bahamas will
certainly get a boost from the media coverage



























Mr Bethel said he had “already been approached _ offered the event.”

Stele deh S
Sheraton

hama Island
RR ae a) Le a

GRAND BAHAMA ISLAND
OUR LUCAYA ;

Resort

EXCELLENT CAREER OPPORTUNITIES EXIST FOR
DIRECTOR OF RISK MANAGEMENT

DIRECTOR OF RISK MANAGMENT
The successful candidate for this senior level position will work
oa NAM mde Li Mee cet Tah
agencies and will be responsible for maintaining a proactive
loss prevention program, designed to ensure a safe and secure
environment for hotel guests and employees and will train security
officers and monitor suspicious, harraful and or uniawful activities.

Individual must posses the following minimum requirements:

‘Must be knowledgeable in all security matters and programs
including but not limited to CPR, fire and hurricane preparedness,
evacuation drills, surveillance, safety inspections, etc.

Minimum of five years experience in a managerial capacity within
the security field, preferably at a resort/hotel;

IM Foe ie UE Ce eG me ore Ce Cte)
preferred; Current CPR certification and First Aid training required;
Excellent interpersonal, communication and customer service skills.
Technological proficiency in computer programs, Excel and

iret ceto} am col ae pe

VM iiclaey cast i olaF)| pay and benefits.
Qualified applicants should submit their resumes in writing no later than

July 31%, 2008 to

ourlucayajobs@starwoodhotels.com

The Westin and Sheraton Grand Bahama Island Our Lucaya Resort

Attn: Human Resources Department

P.O. Box F-42500
Freeport, Grand Bahama



WATER & SEWERAGE CORPORATION



PUBLIC NOTICE

TENDER FOR CCTV/SURVEILLANCE SERVICES

The Water and Sewerage Corporation is pleased to invite qualified
companies to submit Tender to upgrade and maintain CCTV equipment for the
Water and Sewerage Corporation.

Interested companies can pick up a set of documents at the Corporation’s Main
Headquarters #87 Thompson for a fee of Fifty dollars ($50.00). A Pre-Bid Tour
of the facilities is scheduled for Wednesday, July 23” at 11:00am. All
completed Bid Documents and supporting information must be sealed and
submitted to the WSC by 11:00 am on Wednesday, July 30" 2008.

Tender are to be sealed in an envelope marked “Tender for
CCTV/Surveillance & Equipment Services” and to include service
replacement and repair of all equipments under warranty, repair of equipments,
and delivered to the attention of.

The General Manager

Water & Sewerage Corporation
Administration Building

No. 87 Thompson Boulevard
P.O. Box N-3905

Nassau, Bahamas

Attention: Mr. Godfrey Sherman
General Manager

Telephone: (242) 302-5504
Please note that the Corporation reserves the right to evaluate each proposal
based on merit and qualifications, and that award will not necessary go to the
lowest bidder. Proposals will be evaluated based on Price, Experience
Qualifications, and Capacity.

The Corporation reserves the right to reject any or all tenders, and /or amend the
scope of works prior to award.

Tender for CCTV Services June 2008











ARE SS aR ewe ~~

we a EMS >

Stee ne Ppa an iris west

SESSA Posteo er ee eee sy

So

PAGE 12B, FRIDAY, JULY 18, 2008

THE TRIBUNE





Tribune Comics





JUDGE PARKER







IT'S THE
LITTLE REP BOOK
BY THE LATE, GREAT
HARVEY PENICK!

LATER, /N THE MARKETPLACE,

ERIC SMILES AS. 0- : 5 /
s y

GEX

aN

SILK IN ALL OF ASIA, GOLD. L
BUT NOT CHEAP... Z

GZ
wy ed :
FZZZA CSE s

iw
BLONDIE

I'VE BEEN THINKING, MR. B... CAN
1 REALLY TRUST MY PARENTS?
THEY KEEP FLIP-FLOPPING ON
IMPORTANT. ISSUES






BACK IN MAY, THEY CUT BACK ON
My_ LUNCH COOKIES TO FUND
THEIR OWN BIG-SPENDING
— SPECIAL INTEREST...













© 2008 by King Features Syndicate, Inc. World Rights reserved

MARVIN

. L KNOW YOU'RE PRETTY
ANGRY WITH ME,BINKY —

..BUT THOPE YOU'RE NOT
PLANNING ON DOING









(©2008 by North America Syndicate, Inc. World rights reserved.

TIGER

TELL HIM TO

WAIT—TILL COME

SEE WHAT KINP
ATIS!

HEY TIGER!

STRIPE'S TRACKING
SOME SORT OF
FUNNY-LOOKING





HAGAR THE HORRIBLE



HOW DO I ADIUST Nf READ IT ON

MY ATTITUDE TO THE PLANE
TO PHOENIX.--

AND LET IT











HAVE YOU BEEN WATCHING A WHOLE
LOT OF TV POLITICAL ADS, ELMO?

[LUCKY FOR
YOU LMA
PACIFIST

ee





CALVIN & HOBBES



1 FORGOT ALL ABOUT MY
TRANSMOGRIFIER GUN! NOW
T HAVE NOTHING TO WORRY

SINK INL





© 1988 Universal Press Syndicate



(02608, NoRTH Anerica Syad~
FIT

PURPOSE,
MY
FRIEND,



“MR.WILSON 1S GOING TO
THE HOSPITAL FOR SOME
TESTS, DENNIS.”

TLL JUST POINT IT AT
MYSELF AND TRANSMOGRIFY /











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





ww. DENNIS THE MENACE. CoM





















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

Difficulty Level w & TNT



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 thé sum





of each vertical block equals the number on its top. No number
may be used in the same block more than’once. The difficulty
level of the Conceptis Kakuro increases from Monday to Sunday.







































“Emil Sutovsky v Sergei

* Dyachkev, Moscow Aeroflot eI

» 2007. Israel’s numberfour. °°”
Sutoysky is a former European
champion, with a big reputation
for imaginative attacks. But the
grandmaster seemed to have i
overreached in today’s diagram,
where the black king is under

©2008 by King Features Syndicate, Inc. World rights reserved.



' Vv a siege but White's b5 bishop is

Oo aie en aoa Ape Ene, OFT ‘et toy menaced by the a6 pawn with
are = KNOW! its retreat barred by Black's

BGS central pawn chain. Sutovsky

had seen further, and his next

turn kept an advantage which

‘©2008 by King Features Syndicate, Inc. World rights reserved.






| ~ CRYPTIC PUZZLE

Across Down
1 Across : 1 Vagrant who needs noth-
1 One’s not proud to have it ing more than a warm | |
(8) place (4)

5 Present source of light? (4) 2 ; ie
9 Note responsibility means

extra money (5) 3

| leave a clergyman in
church (7)
Benefiting from a reduction

10 Customers’ stencil perhaps in the fare? (6,6)
(7) 4 ABriton comes up in alarm
11 Soldiers kept permanently (6)
on their toes? (8,4) 6 Ruler of the waves? (5)
13. They may be all in a quiver 7 One who tries to be a
(6) writer? (8)
14 People count (6): 8 One individual, not one of

a couple (6,6)
Fish | catch in a basket (8)
He reformed under the

17 Only a flesh wound
maybe, but get an injection 12
(4,2,3,3) 15





Down: 2 Inapt, 3 Triple, 4 Relented, 5
Potato, 6 Pickets, 7 Cattle pen, 11
Shoeblack, 13 Resolved, 14 Appoint,
16 Odds-on, 17 Pennon, 19 Opens.

23 Defendant.

Down: 2 Nasty, 3 Wraith, 4 Encircle,
5 Estate, 6 Roughly, 7 What's what,
11 Qut-of-date, 13 Litigate, 14
Inspire, 16 Marked, 17 Offend, 19
Clown.

20° Not one of two or three in influence of spirits (7) Ww Across Down
disorder (7) ~ 16 If people are not to, vaster | J 1 Tae i eps es (4)
: heh es 2 N abou umorous drawing
21 Bail out one that makes redistribution is required N 5 Confront (4) (7)
the headlines (5) (6) 5 9 Ethical significance 3 Aggressive attitude
22 Charge for a ring (4) 18 Architectural a. (5) (12)
23. Girl getting highlight (5) > 10 Sour (7) 4 To journey (6)
in a mess shows ill-temper 19 Father caught in end of ” da eC ACSSO(S)
: ; x (2,4,1,5) 7 To hamper (8)
(8) mattress springs (4) wi 13 Over there (6) 8 Very influential mem-
14 Make possible (6) ber (7,5)
: . 17 Decide against inter- 12 A showy pot plant (8)
Yesterday’s Cryptic Solution Yesterday’s Easy Solution fering (3,4,5) 15 Do good to (7)
20 Amarvel (7 16 Ch itantl
Across: 1 Filter tip, 8 Ouija, 9 Ravioli, Across: 1 Knowledge, 8 Sloth, 9 21 Error of Ne (5) ' ou ete
10 Packet, 11 Stolen, 12 Throttle, 15 Askance, 10 Caught, 11 Oyster, 12 22 Recess (4) 18 Human
Explodes, 18 Oberon, 20 Lloyds, 21 Coleslaw, 15 Ointment, 18 In fact, 23 Person making a will trunk (5)
Avenues, 22 Congo, 23 Neediness. 20 Depart, 21 Make for, 22 Terse, (8) 19 Be afraid of (4)

led to rapid victory, What should
White play?



Pe P|



























































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






























4|7/6]5/2/8]1/9/3

eesiorera Pere me ee
Slsfrsaieey] eam ome 2
CIOS lesa 5/1/21 /8/4 3/2
1/9/5/6/4'7/3/2/8 2/16/4/1|7 BB9 13/1
9/3/7[2|1/6/4/8/5 9/8 3/912 MÂ¥o is
8/5/2|9/3/4/7/116 7 | 98 Mig 8 419/112
719 6/1/8|2



ed adit to COLD suite)

Chess solution 8359: 1 Be8! and if Kxe8 2 Oxq? RIB3
exf6 RI7 4 Oh8+ regains the piece with advantage.
The game ended 1_.QdS 2 BS Nbc6 3 exf6 gxf6 4
Ng5! QaS 5 0-0 £5 6 Oh4 and Black resigned faced
with Nxe5+ and OF6+.



SSS

HOW many words of four letters

The or more can you make from the
Target letters shown here? In making
a word, each letter may be used
uses once only. Each must contain
words in the centre letter and there must
be at least one nine-letter word.
the mala. = No plurals.
body of TODAY'S TARGET
Good 18; very good 27; excellent
Chambers 36 (or more). Solution tomorrow.
alst ee ee i
Ceatury egret engulf flung fulgen
Dictio gene genet genre gent gentle
nary gentler glee glen glue glut
(1989 gluten green greet gruel grunt
oa gulf leger luge luger lung
edition). lunge lunger refuge

REFULGENT regent rung
trug tung urge urgent



Reverse Psychology

East allowed the jack to win, and
West played another diamond. The

South dealer.
Neither side vulnerable.

NORTH queen forced East’s ace, establishing
842 dummy’s king as a trick as South
7 ¥KI75 ruffed.
#KQ3 Declarer now cashed the A-K of
$1063 trumps, discarded a spade on the
WEST EAST king of diamonds and later lost two
A965 #QJ10 spade tricks to make exactly four
¥3 ¥92 hearts.
#31094 @A8762 It would not have mattered had
$5952 $874 West shifted to a different suit at trick
SOUTH two. Declarer could have established
@K73 the diamond trick himself, and the
VÂ¥AQ10864 outcome would have been the same.

@5 East should have realized that

SAKQ declarer’s unusual failure to cover
The bidding: the jack of diamonds was not simply
South West North East an act of charity on South’s part. He
lv Pass 29 Pass should have reasoned that declarer
49 did not want East on lead at trick two

Opening lead — jack of diamonds.

A defender should always be sus-
picious of any abnormal play made
by declarer. Take this case where
South made a good play and East
failed to find the proper response to
It.

South was in four hearts, and
West led the jack of diamonds.
Declarer saw that he might lose the
contract at once if West had the ace
of spades, so instead of making the
normal play of covering the diamond
Jack with the queen, he played the
three from dummy!

because he feared East would shift to
a particular suit. Furthermore, it was
inconceivable that South would duck
the jack with any holding but a sin-
gleton diamond.

East therefore should have over-
taken the jack of diamonds with the
ace and returned the queen of spades:
That would have settled declarer’s
hash very quickly.

East should have reasoned that if
South thought it was good for him
not to have East on lead, then it was
bad for East not to take the lead, and
he should have reacted accordingly.

Tomorrow: Test your play.
2008 King Features Syndicate Inc.



THE TRIBUNE

BAMONT TRUST COMPANY LIMITED

BALANCE SHEET
AS OF DECEMBER 31, 2007
(Expressed in United States dollars)

2007 . 2006
(As restated)
ASSETS
Cash and cash equivalents $ 1,857,528 $ 2,391,950.
Prepaid expenses 57,652 71,540
Accounts receivable, net (Notes 4 and 7) 728,312 229,937
Fixed assets, net (Note 5) ___ 53,131 __ 84,836
TOTAL $ 2,696,623 $ 2,778,263
LIABILITIES AND EQUITY
LIABILITIES:
Accounts payable and accrued expenses (Note 9) $58,598 $ 61,012
EQUITY:
Share capital:
Authorized, issued and fully paid:
30,000 voting A Shares of $1 each 30,000 30,000
1,970,000 non-voting B Shares of $1 each 1,970,000 1,970,000
Retained earnings 638,025 717,251
Total equity 2,638,025 _ 2,717,251
TOTAL $ 2,696,623 $ 2,778,263

See notes to balance sheet.



The balance sheet was ap

ed by the Board of Directors on June 13, 2008 and is signed on its
behalf by: . :



Director



Director

NOTES TO BALANCE SHEET
DECEMBER 31, 2007

1. GENERAL

Bamont Trust Company Limited (the “Company”) was incorporated on August 25, 1998 in
The Commonwealth of The Bahamas under the Companies Act, 1992. The Company was
granted a restricted trust licence on November 26, 1998, to act as trustee on behalf of the
Stephan Schmidheiny Family and commenced operations on December 1, 1998. The
Company’s main meee is the management of trusts and investment companies.

The registered office of the Company is located at the Bahamas Financial Centre, Shirley and
Charlotte Streets, Nassau, Bahamas.

2. ADOPTION OF NEW AND REVISED INTERNATIONAL FINANCIAL REPORTING
STANDARDS AND INTERPRETATIONS

In the current year, the Company has adopted all of the new and revised Standards and
Interpretations issued by the LASB and the International Financial Reporting Interpretations
Committee (IFRIC) of the IASB that are rélevant to its operations and effective for accounting
periods beginning on January 1, 2007.

Standards and Interpretations effective in the current period: -

In the current year, the Company has adopted IFRS 7 Financial Instruments: Disclosures,
which is effective for annual reporting periods beginning on or after January 1, 2007, and the
conscquential amendments to LAS | Presentation of Financial Statements.

The impact of the adoption of IFRS 7 and the changes to LAS | has been to expand the
disclosures provided in this balance sheet regarding the Company’s financial instruments and
management of capital.

3. SIGNIFICANT ACCOUNTING POLICIES

Statement of compliance - This balance sheet has been prepared in accordance with
International Financial Reporting Standards. The preparation of the balance sheet in
conformity with International Financial. Reporting Standards requires management to make
estimates and assumptions that affect the reported amounts of assets and liabilities and
disclosure of contingent assets and liabilities at the date of the balance sheet. Actual results
vould differ from those estimates.

Basis of preparation - This balance'sheet has been prepared on the historical cost basis.

The following is a summary of the significant accounting policies:

a. Fixed assets - Fixed assets, with the exception of paintings on which no depreciation is
charged, are stated at cost less accumulated depreciation, amortization and any

impairment. Depreciation and amortization is charged on a straight line basis at the
following annual rates:

Office furniture 20%
Office equipment : 33.33%
Leasehold improvements Over lease term
Motor vehicle 33.33%

Software 33.33%

b. Foreign currency translation - All amounts {n this balance sheet are expressed in
United States dollars. Assets and liabilities denominated in currencies other than United
States dollars are translated at the rate of exchange ruling at the balance sheet date.

c. . Assets under administration - Assets held by the Company as trustee are not reflected in
this balance sheet.

d. Related parties - Related parties consist of sharcholders and directors of the Company
and other entities controlled by these parties. Related parties include directors and
officers of the Company, who are considered members of key management, and who are
persons who have authority for planning, directing and controlling the Company.

€. Accounts receivable, net - Accounts receivable are carried net of provisions for bad
debt. The allowance is reviewed periodically and adjusted to reflect any impairment in
the carrying value of such receivables.

ck Cash and cash equivalents - Cash and cash equivalents is represented by cash and
deposits with banks.

g. Impairment - Fixed assets and accounts receivable are reviewed for impairment
whenever events or changes in circumstances indicate that the carrying amount of an
asset exceeds its recoverable amount.

Management reviewed its fixed assets and receivables and concluded that they were
impaired (2006: Nil). .

4. ACCOUNTS RECEIVABLE, NET

Accounts receivable, net is as follows:

2007 2006
Accounts receivable $ 728,312 $ 229,937

There is no provision for bad debt (2006: Nil) as all balances are deemed collectible.



FRIDAY, JULY: 18, 2008, PAGE 138

FIXED ASSETS, NET
The movement of fixed assets during the year is as follows:

Office Office Leasehold Motor
Paintings furniture equipment improvements vehicle Software Tota!











COST: a
Balance at December 31, 2005 $ 20,665 $ 89,302 $ 43,177 $ 85,631 $° 14.710 $ 275 $ 253,760
Additions bin ie eS - ___ 4.946 : th = 4,946
Balance at December 31, 2006 20.665 89,302 48,123 85.631 14,710 275 258,706
Additions ; - 1,336 6,480 - - - 7,816
Transfer in ee 2698 es 2693
Balance at December 31, 2007 $ 20,665 $ 90,638 $ 57,296 $ 85,631 $ 14,710 $ 275 $ 269,215
ACCUMULATED

DEPRECIATION

AND AMORTIZATION:
Balance at December 31, 2005 "S$ - $ 62,673 $ 38,149 $ 29.785 $ 4,903 $ 69 $ 135,579
Depreciation and amortization 7162 3,795 22,339 4.9038 92 38,291
Balance at December 31, 2006 -, 69.835 41,944 52,124 . 9,806 161 173.870
Depreciation and amortization : - 7.002 5,186 22,339 4,903 9) 39.521
Transfer in . ~ Joe 2,693 = : 2 2,693
Balance at December 31, 2007 $ . _- $ 76,837 $ 49,823 $ 74,463 $ 14,709 $ 252 $ 216,084
2007 Net Movement $ 20,665 $ 13,801 $ 7473 $- 11,168 $ 1 $ 23 $ 53,131
2006 Net Mavement — $ 20,665 $ 19.467 $ 6,179 $ 33,507 § 4,904 $ 114 $84,836

6. DIVIDENDS

By Board resolution dated November 21, 2007,.a dividend of $80,039 or $0.04 per share was
declared and paid.

7. RELATED PARTY BALANCE

2007. 2006
Accounts receivable - | $ 722,075 $ 223,369

8. COMMITMENTS UNDER OPERATING LEASE

The Company has entered into a lease agreement for its office premises dated September 1,
2004, and expiring June 30, 2008. The lease provides for yearly rent payments plus a share of
certain costs. Future minimum rent payments under the lease are as follows: ’

2007 | 2006

Due within one year ‘ $ 41,377 $ 82,755

Due after one year hte to 41,377

$_41377 $_124,132

9. PRIOR PERIOD ADJUSTMENT

During the year the Company incurred expenses in the amount of $21,550 which relate to prior
years.

In accordance with International Accounting Standard 8, Accounting Policies, Changes in
Accounting Estimates and Errors; the Company’s balance sheet is pens, restated. A summary
of the restatement is as follows:

Effect on
2006

Increase in accounts payable and accrued expenses | $21,550
Increase in other costs : $__15,550

Decrease in beginning retained earnings $ 6,000.

410...FAIR VALUE OF FINANCIAL INSTRUMENTS:

The estimated fair value represents values which financial instruments could be exchanged for
in a cufrent transaction between willing parties. Where there is no available. trading market,
fair values are estimated using appropriate valuation methods.

Fair value of financial instruments carried in the balance sheet arc assumed to approximate
their carrying values due to their short term maturity and liquidity.

\

11. RISK MANAGEMENT
The Company is subject to the following risks: ~

Credit risk - Credit risk arises from the failure of counterparties to perform according to the
terms contract. From this perspective, the Company’s credit risk. exposure is primarily
concentrated in its deposits and its accounts receivable. The Company manages this risk by
placing its deposits with a high- aualty financial institution and its accounts receivable are due.
from related a,

Liquidity risk - Liquidity risk reflects the risk that the Company will not be able to meet an
obligation when it becomes due. The Company’s approach to liquidity management is to
cnsurc, as far as possible, that it will always have sufficient liquidity to meet its liabilities
when duc. In this regard, the budget is reviewed quarterly to ensure that cash is readily
available to meet the company’s obligations.

Capital risk management - The capital structure of the Company consists of cash and cash
equivalents and cquity attributable to equity holders comprising issued capital and retained
earnings. The Company manages its capital to ensure that the Company will be able to
" continue as a going concern while maximizing the return to stakeholders. ‘The Company’s
overall strategy remains unchanged from 2006. i :

Deloitte

Delonte & Touche

Chartered Accountants

and Management Consultants
2nd Terrace, Centreville

P.O. Box N-7120

Nassau, Bahamas

Te!: + 1 (242) 302-4800
Fax: +1 (242) 322-3101
http://www.deloitte.com.bs

°

INDEPENDENT AUDITORS’ REPORT

To the Sharcholders of
Bamont Trust Company Limited:

We have audited the balance sheet of Bamont Trust Company Limited (the “Company”) as of
December 31, 2007. This balance sheet is the responsibility of the Bank’s management. Our
responsibility is to express an opinion on this balance sheet based on our audit.

We conducted our audit in accordance with International Standards on Auditing. Those Standards
require that we plan and perform the audit to obtain reasonable assurance about whether the balance
sheet is free of material misstatement. An audit includes examining, on a test basis, evidence
supporting the amounts and disclosures in the balance sheet. An audit also includes assessing the
accounting principles used and significant estimates made by management, as well as evaluating the
overall presentation of the balance sheet. We believe that our audit provides a reasonable basis for
our opinion.

In our opinion, the balance sheet presents fairly, in all material respects, the financial position of the
Company as at December 31, 2007, in accordance with International Financial Reporting Standards,

Without qualifying our opinion, we emphasize that the balance sheet does not comprise a complete
set of financial statements in accordance with International Financial Reporting Standards.
Information on results of operations, cash flows and changes in cquity is necessary to obtain a
complete understanding of the financial position, performance and changes in financial position of
the Bank.

/
polite ¢ Tout’
June 13, 2008

A member firm of
Deloitte Touche Tohmatsu



PAGE 14B, FRIDAY, JULY 18, 2008 — | THE TRIBUNE



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Full Text
Sausage & Egg
Burrito

The Tribune

PHEAOH WED Ef -
Y TIME...ANY PLACE, WE’RE # 1

— SSA TODAY



McCOMBO “<°>.
HIGH

official restaurant

93F
S1F

SUNNY 10





LOW

in

PARTLY CLOUDY



Grail

Victims
‘stalked,
raped at
sunpoint.

by bisexual

attacker’

@ By DENISE MAYCOCK

‘ Tribune Freeport
Reporter
dmaycock@tribunemedia.net

FREEPORT — A bisexual
serial rapist is on the loose in
Grand Bahama, where victims
are reportedly being targeted,
stalked and raped at gunpoint
in their own homes. -

The crafty attacker is said to

take a number of precautions
to avoid leaving behind any
forensic evidence, and investi-
gators are said to have no real
leads at this point.

According to unconfirmed

reports, three persons have
already fallen victim to the
rapist in the last two weeks —
two women and a 14-year-old
boy.

The police did not mention
the matter in official reports,

SEE page 10







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

THE spot of Wednesday’s
fatal police training exercise —
where Corporal 2453 Desmond
Burrows drowned — was a bad-
ly chosen and dangerous loca-
tion, a swimmer claimed yes-
terday.

Jason Rahming, 39, an elec-
trician with the Ministry of
Works, told The Tribune yes-
terday that he is a regular swim-
mer, and often follows the route



BAHAMAS EDITION

FRIDAY, JULY 18, 2008

tients
‘new life and
MAE LA

SS SS

serial rapist on

along the Gaodinait s Bay
beach.

“There are a lot of big under-
water craters in that area. You
can suddenly drop and have
four to five feet of water above
your head,” he said.

Mr Rahming explained that .
it is easy to get stuck in the
craters with your feet.

“Sometimes it can take you
a while to get free. If you are
not a strong swimmer then the
situation can turn serious,” he
said.

Mr Rahming said he believes
that the police did not suffi-
ciently research the suitability
of the area prior to the firearms
training exercise.

_ He is now calling on the
authorities to mark the places
where these craters can be






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PETER OUTTEN, Jason Rah-
ming and Demeko Musgrove,
nephew of one of the injured
officers, went out yesterday
to the area where the incident
took place.






found in the water to protect

unsuspecting beach-goers and
swimmers.

“These areas should be
blocked,” he said.

Police yesterday had not yet
determined if all of the officers
who participated in Wednes-
day’s fatal firearms training
exercise were able to swim.

- The training exercise, which -

was conducted in the afternoon
at Goodman’s Bay, resulted in
the death of Corporal Burrows,
a 13-year veteran employed in
the police’s criminal records

SEE page 10

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TROYNIKO McNeil, a “per-

son of interest” in:the Harl Tay-

lor murder case, is reportedly
scheduled to appear before a
US court today after which he

could be.set.free.to-return to«

the Bahamas.

- A source close to the matter
told The Tribune yesterday that
McNeil’s family hopes he will
finally be set free after being
held by US police for more than
two weeks. -

According to the source, a
Florida court has ordered that
evidence be presented to justify
the continued custody of
McNeil.

McNeil, formerly a resident
of the Kennedy subdivision, is
reported to have gone to Flori-
dain December to attend
school.

Last month Bahamian police

Life sentence for
EUR
HS

§ By NATARIO
McKENZIE







FOR the family of 22-
year-old Trevonne McKin-
ney, justice was served yes-
terday when the man con-
victed of. stabbing her to.
death was sentenced to life
imprisonment.

In May, Michael Byron
Simmons, 23, was found
guilty of manslaughter in the .
stabbing death of his former
‘girlfriend; Trevonne McK-
inney, 22, with whom he had
a daughter.

The deceased, who was
the daughter of broadcaster
Steve McKinney, was
stabbed multiple times in
Wilson Tract on Sunday,
March 4, 2007. She died in
hospital the following day.
Simmons also known as
“Kaz” had initially been

SEE page eight





























‘released a photo of 21-year-old

McNeil, describing him as
“armed and dangerous.”

The source claims that as
soon as McNeil learned that he
was wanted for questioning in
connection with the November
2007 murder of the handbag

_ designer, he made plans to trav-
‘el back to the Bahamas to speak
- with police to “clear the air.”

However, his Bahamian pass-
port had expired, the source
claimed, and McNeil applied to
the consulate office in Miami

for a renewal in order tobe able

to travel to Nassau. .

McNeil was picked up by US
police just seven days after his
photo and details were released
to the public by police.

It is understood he was ini-
tially taken into custody in the
US on matters related to immi-
gration violations.

“He overstayed his stay.
Maybe now when he gets
released he can come back to
Nassau and police can meet him
at the airport,” the source said.

The source said McNeil’s

SEE page eight

$700,000 of
marijuana is
seized by DEU

@ By KARIN HERIG -
Tribune Staff Reporter
kherig@tribunemedia.net — ,

OFFICERS of the Drug
Enforcement Unit yesterday
conducted a major drug bust off
the coast of New Providence,
capturing $700,000 worth of
marijuana.

Police arrested two men after
confiscating 681Ibs of marijuana
on a go-fast boat in an early
morning exercise.

Acting on information from
members of the public, the
DEU officers and the depart-
ment’s maritime unit set out to
capture a suspected drug smug-
gling vessel.

SEE page eight

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PAGE 2, FRIDAY, JULY 18, 2008

THE TRIBUNE



6 In brief

Environmentalists
sie federal govt
over pollution

â„¢@ WEST PALM BEACH,
Fla.

FIVE environmental
groups have sued the fed-
eral government, claiming
the U.S. Environmental
Protection Agency is vio-
lating the Clean Water
Act, according to Associat-
ed Press.

The federal lawsuit filed
Thursday in Tallahassee
claims the agency has
failed to set standards for
fertilizer runoff and other
farm waste that is polluting
Florida’s waterways.

Earthjustice attorney
David Guest says he hopes
a favorable ruling will
force the EPA to set
national standards. Guest
is representing the plain-
tiffs.

The groups say rain
sends the runoff into rivers
and lakes, contaminating
waterways and nourishing
algae blooms that poison
the ecosystem.

The EPA did not return
telephone messages..Flori-
da says the state is still
studying ways to set such
limits. ©

Murder prompts call for stronger

police presence on Farmer's Cay _

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

THE murder of Antonius
Brennen and a reported
increase in petty crimes on
peaceful Farmer's Cay has
residents calling for a
stronger police presence on
the cay and its surrounding
areas.

As the construction indus-
try flourishes on privately
owned cays near Farmer's

Cay and nearby Staniel Cay .

and Black Point, residents
fear “city violence” will
spread into their quiet com-
munities.

"On July 9, 2008 we had a
tragic wake up call in our
peaceful community.

“Tt was a horrible awaken-
ing (when we) realised that
murder can happen any-
where; whether i in the city or
a secluded cay," Farmer's
Cay resident Kim Tyler said

in an e-mail sent to The Tri-

bune yesterday.
"The cays are being devel-
oped daily and employment is

Residents fear ‘city violence’
will spread into communities

on the rise with our young
men.

“In order to protect our
tourists and residents alike;
an increase of police officers
should be mandatory set in
place on all three developed
cays".

According to locals, there is
only one policeman stationed
on Farmer's Cay on a month-
ly rotation from Georgetown,
Exuma.

Leon Bain, the oldest per-
son on Farmer's Cay and pas-

tor of St Mary's Union Bap- |

tist Church, is another resi-
dent calling for a larger police
presence: "That murder got
everybody stunned, some-
thing like that never happen
around here before.

“Since then I've been told
there were three break-ins
and one robbery since the
murder happened.”

He claims contract workers
from the capital working on

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developments in the area are
to blame for the incidents and
are "giving the Cay a bad
name".

"I'm very concerned... I
would like to see more police
presence — senior police, not
these young fellas they send

down here, because the péo- ©

ple aren't afraid of them.
“We have a police living
here but there's not a station.
“We are hoping that in the
future the government will
seek to build another struc-
ture and make that into a cell.
. Rather than having to take
(suspects) to Black Point

which is 11 miles away," he

said.

Residents of Farmer's Cay
say there is also a need fora
permanent doctor on the
island to eliminate the need
for the sick to travel miles by
boat or air during an emer-
gency.

According to locals, one
nurse is stationed on the Cay
while a doctor comes down
"once a month" from George
Town, which is 22 miles
away.

Brennen, reportedly from

Nassau, was stabbed once in ©

the chest during a fight with
another man on July 9.

Ua ee
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Mya)
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Young performer helps
promote junkanoo in UK}



MITCHELL THURSTON, 12, is the youngest SaRORNET showcasing

-Llonella Gilbert/BIS ~~



junkanoo and Bahamian culture in the United Kingdom.

ll By LLONELLA GILBERT

LONDON - Mitchell
Thurston, 12, is the youngest
Bahamian performing in the
backline junkanoo tour, which is
appearing at various festivals and

sites throughout the United King- _

dom.

Since this is a backline tour,
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the musical instruments. of
junkanoo; but the costumes are
still vital to the performances. ©

Mitchell, though young, is:a
veteran junkanoo artist, having
performed with Barabbas and
the Tribe since he was 11 months
old.

His father, who is also’ per-

- forming in London, is a member

of the same group and plays the
same instrument as his son —
called ‘the scraper’. This does not
bother the son, as he loves having
the same interests and spending
lots of time with his father.
“People sometimes ask me
why Tam always With May daddy,

‘but someday he will not be there

for me, so I love being with him,”
explained the seventh grader who
attends St Anne’s High School.

Mitchell was not originally
scheduled to participate, but he
asked Quentin “Barabbas”
Woodside,:who had the task of
handpicking the individuals for
the group, to allow him to take
part.

“I had never been on a trip
representing junkanoo, so T asked
and he give me a chance to rep-
resent my country,” Mitchell said.
The talented performer has also
travelled with the Bahamas
National Children’s choir to
Africa, Russia and the United
States.

While the other members 6t
the group were sponsored by the
Arts Council of England,
Mitchell had to find his own
sponsorship. But with the help
of family, friends and his parents’
co-workers, he is promoting
Junkanoo in the United King-
dom. c

Mitchell said while the group is
having fun, they are also acting as
ambassadors for the country. He
pointed out that he has met indi-
viduals who had the misconcep-
tion that the Bahamas was a part
of the United States.

After. feeling the. excitement
of junkanoo and interacting with
the group; many have expressed
an interest in coming to the
Bahamas.

“They are amazed; they are
like: ‘what is this thing called
Junkanoo’, ‘where do you get all
this energy’, what do you make
the drums out of?’ People say
they want to come to the
Bahamas for their next vacation
or they want to come and see
Junkanoo in the Bahamas,” he
said.



yeas
THE TRIBUNE



ITS EE

© in brief | Ambulance chief defends

his drivers’ response to
Goodman’s Bay drama

Support for
health care
accountability
petition is
growing

Ml 333 have signed
so far; the number
is increasing daily

w BY CAPUCINE DAYEN

SIX years after the death of
her 42-year-old brother, lawyer
Leandra Esfakis is still battling
for transparency and account-
ability in the delivery of health
care.

She founded the Bahamas
Patient Advocacy (BPA), and
in éarly July launched an online
petition "to alert the public to
the'need of health care regula-
tions, because it is a matter of
life and death.”

: So far, she obtained 333 sig-:

natures and daily the numbers
continue to grow. Ms Esfakis
said: “The increasing numbers
and the comments attached
show that more Bahamian peo-
ple are ‘becoming aware of what
is at’ stake.”

“Ms Esfakis explained that the
petition has two objectives:

, ©'To.educate citizens and res-

idents of the Bahamas, as to
what their existing rights are
under the current health care
legislation.

e To empower people to
become pro-active in the
defence of health care regula-
tion to improve patient survival
rates.

“It is our responsibility to
hold our MPs and government
accountable on this issue, to
enforce and enhance those laws,
not to revoke them,” she said.

In 1998 the Hospitals and
Health Care Facilities Act was
introduced by parliament. It
requires all deaths that occur in
private hospitals and clinics to
be properly documented and
investigated to the appropriate
authority —.a,licensing. board
was also set-up. by the Act.

But, according to Ms Esfakis,
“this does not happen and the
chairman of the Hospitals
Board says this provision is
‘antiquated’ and the board
wants it revoked. If we have
health care regulations, we need
a board which will enforce those
regulations — and if anything,
improve on what there is.”

She believes that even though
health care facilities are private
enterprises and their goal is to
turn a profit, “neither profit nor
profession puts people above
the law and certainly not the
fundamental laws which protect
the right to life. Health care
facilities offer services which
give them the power of life and
death over their patients. There
is no greater power one human
being holds over another. Our
government has an obligation
to protect the lives of all per-
sons in its jurisdiction. This
includes the lives of those in jail,
in the detention centre, in.cus-
tody, or in hospital.”

Ms Esfakis noted that in its
correspondence with her over
the last four years, the board
said that it was looking at
amendments to the Act. The
board said amendments were
required to enable it to investi-
gate the formal complaint about
her brother’s death in a private
health facility, submitted in
April 2005.

However, in May 2008, a
board member was reported as
saying that, “the board did not
want tc be bothered with inves-
tigations of complaints.”

Ms Esfakis told The Tribune
that she “would like to think
that this is not the case, and that
the board remains committed
to the public interest — that is
why they are appointed.”

She believes all Bahamians
need to understand that amend-

. ments.could enhance the func-
tions of the board, and ulti-
mately patient survival rates.
Her fight is for “this govern-
“ment, to bring the proposed
- amendments out into the sun-
“ shine, so that we, the patients,
‘ whose lives are at stake, can
. have’input into any regulatory
“regime intended for our health
? and safety.”
: . The petition can be found at:
» www.petitiononline.com/les-
: fakis/petition.html



Ee Sa 3
Fertilizer, Fungicide,
Pest Control

Tropical Exterminators
322-2157

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

THE head of Ambulance Ser-
vices is refuting allegations that
his drivers took half an hour to
respond to the police officers in
distress at Goodman’s Bay on
Wednesday.

Paul Newbold, director of the
Nationa] Emergency Medical Ser-
vices, told The Tribune yesterday
that his department received the
initial call from the police con-
trol room at 3.20pm. An ambu-
lance was dispatched at 3.23pm
and it arrived on the scene at
3.30pm. It was er route to the
hospital at 3.40pm, said Mr New-
bold.

The second ambulance was dis-
patched at 3.27pm and was on the
scene at 3.35pm, according to Mr
Newbold. It was en route to the
hospital at 3.54pm, arriving at
4.01pm.

Mr Newbold’s explanation of
the response of his department
comes after numerous witnesses
on the scene complained that
ambulances took a long time to
arrive and assist the officers in
distress. Corporal Desmond Bur-
rows drowned in the incident.

Police and witnesses said that
the 31 officers who were on a
firearms training course fell into
distress in shallow waters off
Goodman’s Bay at around 3pm.
They were doing maneuvers in

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waist deep water when a large
number of them were either
pushed out in strorig currents or

’ fell into a sink hole.

Jet ski operatoirs and other
swimmers on the Wveach had to
assist in the rescues effort, which
included pulling at least two offi-
cers from under the water.
Around 10 officers ‘were eventu-
ally taken to hospiital, some to
Doctors and others to PMH for
treatment.

If the accident occurred at

around 3pm, and F!MS did not

receive the call until 3.20pm, then
there was some delay in-making a
call to emergency ersonnel by
those on the scene.

Mr Newbold said that when
accidents occur, peoyle in distress
can get caught up in the situation
and fail to call emergency per-
sonnel for help imm ediately.

He added that tle Bahamas
uses the same comp.uterised dis-








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“And when you call 911 or 919
the police of course answers and
says ‘what is your emergency’,
and if you say it’s something med-
ical they hit a function key and
the person sitting next to them,
who is an emergency medical dis-
patcher takes it from there. And
all of that is on tape,” he said.

Dispatchers, said Mr Newbold,
are trained to begin treatment
over the phone by advising those
in need, for example, how to do
CPR or even deliver a baby, while
the emergency personnel get to
the scene.

The EMS staff also receives
training in Florida, added Mr
Newbold, while teams from the
US occasionally come over to rate
the operation here in the
Bahamas.

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FRIDAY, JULY 18, 2008, PAGE 3



LOCAL NEWS 7

lm COURT SHORTS

Woman charged with breach
of shop, liquor licence laws

CLAUDIA Loristan, 39, of Pinedale, Eight Mile Rock, was formally
charged in the Eight Mile Rock Magistrate Court on Tuesday morning
on charges of breaching the Shop Licence Act and the Liquor Licence
Act.

She was arrested last Wednesday when police officers executed a
search warrant on her home and seized a large quantity of grocery
items, alcoholic beverages and soft drinks, which were being offered for
sale to the public without her having the licence to do so.

She pleaded guilty to both charges before Magistrate Gwen Claude

and was fined a total of $400 or six months imprisonment.

The court also ordered that the confiscated grocery items and soft
drinks be given to St Stephens Anglican Church and the Mount Zion
Baptist Church.

Man jailed for robhery, assault

HENSLEY Sands, 25, of Jones Town, Eight Mile Rock, appeared
before Magistrate Gwen Claude on Tuesday to face two criminal
charges.

The prosecution alleged that on Friday, June 26, Sands violently
attacked and robbed Shirley Williams of $400 and other personal
items as she was about to enter her house on Bartlett Hill, Eight Mile
Rock. He pleaded guilty to this charge and was sentenced to three years
at Her Majesty’s Prison.

Sands also faced a second charge of causing grievous harm to Ben-
jamin Bain on Wednesday, June 2.

Mr Bain reported to the Eight Mile Rock police station that he
was on his way home in Jones Town at around 4am that day, when the
defendant, along with another man, pelted him with rocks.

This resulted in Mr Bain being struck in the head and body, knock-
ing him unconscious. He was taken to the Rand Memorial Hospital for
treatment. Sands also pleaded guilty to this charge and was sentenced
to one year at Her Majesty’s Prison.

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PAGE 4, FRIDAY, JULY 18, 2008



EDITORIAL/LETTERS TO THE







The Tribune Limited

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




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





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







Publisher/Editor 1919-1972
Contributing Editor 1972-1991






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




Published Daily Monday to Saturday






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








TELEPHONES.
Switchboard (News, Circulation 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







ON TUESDAY The Tribune published
complaints from Harbour Islanders that
the number of Haitian immigrants contin-
ues to “multiply uncontrollably” on their
small three-mile long island. They say the
community and the government are to
blame.

“We house them, we hide them, our
women have their children,” said a.’Briland
businessman.

Talking with several Bahamians yester-
day — who for many years have been fre-









has changed at that island. There have
always been a lot of Haitians, they said.
“If the authorities wanted to catch them, all
they had to do was meet the ferry every
morning from Eleuthera when both

- Bahamians and Haitians come across to
go to their jobs in Harbour Island.”

Said one of the Nassauvians — and her
friends agreed — Harbour Islanders are
very different people, unlike most Bahami-
ans.

“You will find,” she said, “they repre-








and those who don’ t— there’ sno in
between withthem.”: -:.*
Most -also-lack ambition: “For exam-
ote » one of them said, “if a young man is
paid $500 ‘to paint "a house, ¢ once he’s paid,
he will sit down and live off that $500 until
it runs out. He might then get up and paint
another house, and so on it goes.” In other
words, he lives from one small job to anoth-
er, taking extended vacations in between.
He makes only enough money to keep
body. and soul together, completely lacking
in initiative or desire to try to improve his
condition.

If there is a Haitian problem on that
island, she said, then it is the fault of the
Harbour Islanders who refuse to work.
Nothing would get done, she and her
friends maintain, if it were not for the
Haitians.

She, her family and friends were in Har-
bour Island for the Independence celebra-
tions. They described the colourful festiv-
ities. The locals were all decked out in
their bright shirts, waving their flags and
generally having a good time.




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“But the next morning,” said the Nassau
visitor, “you should have seen the filth.
Debris all around from the night before.
They were celebrating their freedom, their
independence, but they are completely
lacking in pride.”

It would be no problem, said these
Bahamians from Nassau, for the ’Briland

locals to keep their island clean, but most of

them seem to have no interest and appar-
ently see no need to make the effort to
either care for or improve their surround-
ings. Obviously that is why Haitians are
needed — to pick up after them and do
the menial jobs that local ’Brilanders refuse
to do. At least Haitians are steady workers
and don’t take time out between bouts of
limited exertion.

However, the Nassau group noted that
’Briland women appear to be the workers.
They could not say the same for the men —
in their opinion most of them are idle.

The Nassau visitors thought that many
of.’Briland’s children are a major problem
— unruly and rude. They described a scene
on the night of the celebrations when a
group of young boys just entering their
teens fought among themselves and gen-
erally behaved like little savages.

They were shocked at how young some
of the boys are who ogle women and pass
sexually suggestive remarks about their
bodies. They were particularly alarmed to
overhear a young teenage boy instructing a
five year old in the crude art of assessing
the physical attributes of young girls.

One of the visitors said that when her
children were smaller, she would let her
daughter and her male cousins sit out on
the dock and fish. However, that had to
be stopped because as her daughter grew,
local boys started to harass both her and
her cousins.

In, other words, in the view of the group
from Nassau, the problems at Harbour
Island are the locals, not the Haitians.

If the locals measured up, there would ,
be no need for Haitians. That is the opinion -

of outsiders — all Bahamians — looking in.

It is now up to ’Brilanders to examine
themselves and if found wanting to change
their value system and their attitude to life.














EDITOR

THE TRIBUNE





Why we must
always put
ahamians first

EDITOR, 'The Tribune.

PLEASE allow me some space
in your valuable newspaper to
express miy point of view on a
topical Bahamian issue.

There are those who claim that

‘in a modern age of growing glob- .
alisation, internationalism and,

multicultural education the
Bahamianisation policy is irrele-
vant. Furtther, it is believed that
the force: of international and
industrial conglomerates may
prove to bbe just too powerful at a
time when third world countries
like the Bahamas depend upon
foreign investors.

However, the government can
still mak:e the Bahamianisation
policy am effective measure for
building a better Bahamas, pro-
vided it has the political interest
and will to implement the policy
fairly, completely and consistent-
ly. A balanced approach that
allows for career advancement
for Bahamians, sustained eco-
nomic development and reason-
able profits proprietors should be
an arrangement that is acceptable
by all concerned parties. Interde-
pendence is clearly a part of the
Bahamia nisation policy.

The qiiestion is: How are we
to provide prospective jobs in this
small coumtry without some form
of protective mechanism? The
reality is that thousands of stu-
dents out of high school and
Bahamian graduates from the
College of The Bahamas, Success
Training College, Bahamas Bap-
tist Comnmunity College and
Omega (College are looking for-
ward to staying in The Bahamas
to work and to further develop
their careers.



Bubs

letters@tribunemedia.net




How about the thousands of
Bahamian students abroad who
are excited about coming back,
home for employment and to
make a contribution to national
development? To what extent are

we losing them? In fact, many
received scholarships on the basis
of national needs and a commit-
ment on their part to come back
to fulfil such needs. We should

not disappoint them. Also, most.

of our college graduates both
here and abroad have to make
loan payments.

How are we to protect our chil-
dren’s birthright, if we do not put
in place a measure that says: The
Bahamas is for Bahamians first
and vigorously enforce it. Unfor-
tunately, there are too many
*Jacobs’ in the land — subtle, con-
spiratorial and manipulative for-
eign employees who are masters
at taking from the natives and
establishing themselves and their
kinsfolk in the land.

Further, some feel that their
expertise and experience will
always make room for them in
this country, having no regard to
sustainable national development.

It appears that they circumvent
certain rules, regulations and poli-
cies during their work permit
period until they position them-
selves to apply and receive per-
manent residence status.

Now, there is a significant num-
ber of law-abiding and helpful
foreign workers in this country

* who are making tremendous con-

tributions even on a charitable
basis. However, there are still
those who are here taking bread
out of the mouths of hundreds of
ambitious and hardworking
Bahamians. They know that it’s
better in the Bahamas so they try
every trick in the book to stand in
the way of our people acquiring
the necessary training for upward
mobility in the work place and
surprisingly, even in some reli-
gious organisations.

A cursory examination of the
job advertisements in the local
dailies coupled with checking the
Department of Labour and Immi-
gration and making a few phone
calls at private companies will
reveal much shady business going
on. We must not only be educat-
ed about our rights and privileges
under the Constitution, the gen-
eral laws and Bahamianisation
policy but also how the immigra-
tion system works for the benefit
of all Bahamians.

For this reason, legal educa-
tion, including immigration and
international law, should be
taught in our schools.

Could you imagine what
opportunities would be embraced
by ordinary Bahamians if they
knew just how the system works
at the Departments of Immigra-
tion and Labour? Maybe we all
would find out how easy it is for
foreign persons to take ‘we things’
and when things go bad how easy
it is for them to run home or fly
away to the land of the free and
the home of the brave.

PERRY R CUNNINGHAM
Nassau,
July 8, 2007.

EPA, education, information badly needed

EDITOR, The Tribune.

COMMON Cause, a non prof-
it and non governmental civic
organisation, is extremely pleased
that the. signing of the proposed
Economic Partnership Agree-
ment between The European
Union and CARICOM nations,
inclusive of The Bahamas, has
been delayed and pushed back.

The collective voices of the
people of The Bahamas and the
Republic of Guyana have been
heard. F3oth the ruling FNM and
the oppisition PLP seemed to be.
entrenched on their position of
approval for the proposed agree-
ment. “This, despite the lack of
information supplied to the pub-
lic and. the scarcity of consulta-
tions with the average citizens of
The Bahamas and Guyana, would
have treen a gross disservice to
our pewples. |

Conamon Cause is not against
trade iagreements but the gov-
ernme:nt of this country must be
in a position to spell out all of the
advant:ages and the disadvantages
to Balaamians. The government
cannot just adopt the posture that

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all who may dare to question its
wisdom is unpatriotic or obstruc-
tionistic.

Minister of State for Finance,
the Hon Zhivargo Laing (FNM-
Marco City) has not done enough
to educate and convince Bahami-
ans that it would be in our nation-
al interest to sign onto this volu-
minous draft agreement.

To add insult to injury, the
good minister was seen and heard
the other day suggesting to his
parliamentary colleagues that
they should hold forums and
community meetings in their
respective constituencies to dia-
logue with and to educate con-
stituents! Yet, he and the FNM
were proposing to sign off on the
service aspect of the EPA before
the end of July, 2008?

' MP’s are badly seised of the
terms and conditions of this
agreement and the cabinet has
yet to receive a draft of the ser-
vices clauses in that agreement.
Yet, Minister Laing, seemingly,
was up and down the country try-
ing to sell us an incomplete pack-
age by saying that even if we were
to sign off on the EPA that Par-

‘ liament would still have an oppor-

tunity, after the fact, to debate
and, possibly, reject that which
we would have already signed
onto. Save for certain types of
seafoods (conchs' and lobsters);
rums and plastics, what would
Bahamians receive in exchange
for giving up our sovereignty?

Even Minister Laing does not
always seem to know what he is
talking about, with all due
respect. Once the services por-
tion of the EPA is executed, our
national borders ‘will’become
even more porous than they are

now. The Bahamas will be flood-

ed with all manner of Europeans
and Caribbean nationals. While
this may result in lowering the
costs of labour for many Bahami-
an business ahd professional firms

(accountants; lawyers; doctors

and bankers), we fail to see how
this would help an already
depressed labour market.

The vast majority of Bahami-
ans are not yet ready for first
world status, even if we pretend
otherwise. Dog would eat our
lunch and, if possible, ourselves,
in the process. We have already
signed off on the proposed trade
clauses of the EPA. Common
Cause submits that this, in and of
itself, is enough to meet, if not
exceed, the expectations of our
international trading partners.

Hopefully, Minister Laing and
his allies, both inside and outside
of government will now go back
to the drawing board and extend
the common courtesy of educat-
ing and informing Bahamians of
the subtle and arcane hidden
snares in the EPA, as proposed.

ORTLAND H BODIE Jr
Nassau,
July, 2008.

Private Resorts

Invites applications for the position of

PROJECT MANAGER

Applicants should satisfy the following minimum
requirements:

Have at least 10 years experience in construction or
a related field, or former hotel chief engineer.

Have a qualification in engineering or construction
Be a team leader, able to add value

Be familiar with Design Management

Be able to manage multiple projects in several locations

Be computer literate
Be a project planner
Be able to travel

Be a strong communicator and coordinator
Be an initiator, able to achieve deadlines

The ideal candidate will have previous experience in
resort / hotel construction, expansion and improvement
together with a strong knowledge of the design process.
In addition, familiarity with quality control of finishes
and understanding of the mechanical and electrical
components of construction is a advantage.

Applications and resumes should be
mailed or faxed to:
P. O. Box 6092 SS
Nassau Bahamas.
Faxed to 242-341-4419


THE TRIBUNE

Ambassadors
to tout benefits
of CSME

Fourteen CARICOM Youth
Ambassadors (CYAs) returned
to their respective territories on
Tuesday, armed with the skills
and information to promote the
CARICOM Single Market and
’ Economy to their peers and to
encourage active participation.

On Monday, the youth advo-
cates representing 13 countries,
participated in a workshop organ-
ised in collaboration with the
CSME Unit at the Jolly Beach

© In brief | Turnquest hails successes
flicking fight

Resort in Antigua to explore how.

persons could make a living and
move capital within the CSME.

They also reviewed the art of
public speaking and gained
insight into the critical role played
by the media in helping to keep
the populace informed.

Most ambassadors considered
the creation of youth friendly
messages and the drafting of a
regional youth advocacy network
as the highlight of the one-day
session.Dean of the CYA Corps
Donna Greene stated that the
meeting was “extremely useful”
as it addressed the current state of
the CSME and the way forward.
-She called for more intra-region-
al trade among member states
noting that this would improve
self sufficiency and limit the
impact of external factors, such
as rising food prices on Caribbean
economies. Antigua and Barbu-
‘da’s Minister of Finance and
Economy Dr Errol Cort agreed
with Dean Greene and explained
that young people had a critical
role to play in ensuring the suc-
cess of the CSME. Dr Cort stated
‘that while the implementation of
the policy had been lengthy, a
_ deliberate pace was necessary to
ensure that all groups and classes
could take advantage of the

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



RECENT studies support the
idea that initiatives taken both
locally and globally are having a
positive impact in the fight against
drug trafficking, Minster of
National Security Tommy Turn-
quest said. ;

“The 2007 World Drug Report
of the United Nations Office on
Drugs and Crime (UNODC)
points to evidence over the past
two years which indicates that the
world drug problem has been
contained,” he said. “The report
highlights as this evidence a

decrease in the cultivation of coca °

in the Andean countries.”

“Tt points to a leveling off, and
in some countries, a-decrease in
the production and consumption
of amphetamine-type stimulants
(ATS). Regarding the health
warning on high potency
cannabis, it indicates that the mes-
sage against its abuse appears to
be getting through,” he told an

international conference in Nas-:

sau yesterday.

‘However, Mr Turnquest point-
ed out, the UN report notes that
opium production is now more
concentrated — primarily in the
Southern Provinces of

Afghanistan. “We know that in.

the drug area, however, our opti-
mism must be tempered with cau-
tion. The illicit drug trade is
dynamic, constantly changing its
routes, seeking to develop new

- markets, and adapting its meth-

ods of operation to exploit gaps
or weaknesses in the internation-
al drug control system. Positive

_ developments in one area or.

region of the world, therefore,
may be offset by negative devel-
oe in 1 others, ” he said.








Ty Turnquest

Mr Turnquest was opening a
two day workshop at the Wynd-
ham Nassau Resort geared at
increasing communication and
information sharing between
member states in-the effort to
combat drug trafficking through-
out the Americas and the
Caribbean. Known officially as
the Multilateral Evaluation
Mechanism Unit (MEM), the
conference is designed to period-
ically measure the progress made
by each of the 34 member states
of the Inter-American Drug
Abuse Control Commission
(CICAD) in its fight against
drugs. :

Mr Turnquest noted that host-
ing this workshop is significant

‘for the Bahamas, as it comes at a

time when the Bahamas is broad-

- ening its participation in the

Caribbean Community’s crime
and security regime.

“The work of the regime, and
in. particular, the CARICOM
Implementation Agency for
Crime and Security (IMPACS),
keeps under active consideration
trends in illicit production, traf-
ficking and abuse of narcotic

‘drugs and psychotrophic sub-

stances, and action taken in this
critical area,” he said. Mr Turn-

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quest said that despite the good
news, the Caribbean still has a
great deal to be concerned about
as established drug routes are
now becoming arms and migrant
smuggling routes.

“At times, drug trafficking,
arms trafficking, and migrant
smuggling become’ part of the
same illicit enterprise. We have
experienced a concomitant
increase in crime and criminality
in our.countries, no doubt a result
of these merged criminal opera-
tions, and particularly arms traf-
ficking. Ours is not a region,
therefore, that can let its guard
down in combating drug abuse
and illicit trafficking. It is from
this perspective that the value of
the MEM must be viewed. In a
balanced and methodical way, it
causes the countries of the Amer-
icas in general, and the Caribbean
region in particular, to assess the
progress they are making in com-
bating drug abuse and illicit traf-
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FRIDAY, JULY 18, 2008, PAGE 5

GB Minister need

@ BY DENISE MAYCOCK
Tribune Freeport Reporter ; 3
dmaycock@tribunemedia.net ‘

FREEPORT — A call was made for the immediate establishment and:
appointment of a minister for Grand Bahama as. promised: by the
FNM government.

The request came during. the live radio forum “What’ s Up With
Grand Bahama” hosted by Taylor Ferguson on Cool 96. Radio on
Wednesday.

Freeport businessman Jeff Butler said that a minister for Grand
Bahama is needed now more than ever.

The prime minister needs to get us our promised minister of Grand,

‘ Bahama that can work hand in hand with the Port Authority, the:

business community and the foreign investment community,” he said.
Mr Butler was one of the five invited panel speakers on Cool 96. The
other panelists were businesspersons Phil Franks, Clarence: Bellot,
Leigh Termath, and lawyer Constance McDonald. - ;
Mr Butler said he does not support the explanation given by Prime
Minister Hubert Ingraham for postponing the appointment of a min-
ister for Grand Bahama.
“Because of the conflict in the Grand Bahama Port Authority I
think that the time for a minister for Grand Bahama is now,” he said.
Insurance businessman Phil Franks said that there are‘many com-.
petent people who have a vested interest and could be appointed as ne

‘minister for‘'Grand Bahama.

Mr Franks said that at the moment there are people outside the com-
munity making decisions without consultation with'Grand Bahama res-
idents.

The establishment of a minister for Grand Bahama, he said, would

“at least allow (for) a more identifiable conduit.” Nes
; Mr Butler said that the Grand Bahama portfolio would probably

‘have to be added to that of National Insurance and Housing Minister
» Kenneth Russell or Minister of State for Finance Zhiwarke Paine, or

some other minister.

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WORKING GROUP TO DISCUSS HOW TO TACKLE INVASIVE SPECIES IN

_ THE TRIBUNE



CARIBBEAN

The battle against destructive pests

er a

te

ay

é Noel

*

SA
m invasive pests.

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Phone: 322-1722/Fax: 326-7452



THE high rate at which
coconut trees across the
Caribbean are being
destroyed has brought into full
focus the consequences of fail-
ing to deal with invasive
species as a matter of priority
at the national and regional
level, the CARICOM Secre-
tariat said.

To this end, when the

Caribbean Invasive Species
Working Group (CISWG)
holds its annual meeting on
Friday in Miami, it is antici-
pated that much discussion
will focus on mechanisms for
collaboration on the issue of
invasive species in the
Caribbean Basin.
’ It is also expected there will
be much discussion on the
potential economic fallout that
could arise in the absence co-
ordinated action to tackle the
threat of invasive species. The
meeting is taking place at a
time of increase sightings of
invasive species across the
English, Dutch, French and
Spanish speaking Caribbean
—as highlighted at US Depart-
ment of Agriculture pro-
gramme for Tropical and Sub-
tropical Agriculture Research
(T-STAR) sponsored sympo-
sium on invasive species in
Miami on Tuesday.

In many instances the
species have also found their
way to the South American
countries that border the
Caribbean Sea and in the US
State of Florida.

The fast pace at which the
invasive species move is prov-
ing to be a challenge for sci-
entists, who informed the sym-
posium that they have had to
double their efforts in order
to ensure that the situation
does not get out of hand. Even
so some scientists reported
that some irivasive species
such as the Red Palm Mite
which attacks palms — both
coconut and ornamental — is
already on their doorsteps.

At the CISWG meeting
reports are to be presented on
a number of initiatives. cur-

rently on the way to provide

support to enable the
Caribbean to identify, control
and manage invasive species.

Chief among these is the -

Caribbean Invasive Species
Surveillance and Information
Programme (CISSIP). .

The CARICOM Secretariat
said an internet based network
of diagnostic laboratories and
specialists will be established
and utilised in the fight against
invasive species.

The issue of funding for this
project is expected to be hotly
debated.

The meeting. will also
receive a report from the inau-
gural meeting of Directors of
Plant Health in the Caribbean
which was hosted by the
CARICOM Secretariat in
April.

The meeting was supported
by the United States Depart-
ment‘of Animal and Plant
Health Inspection Service
(USDA APHIS), the Inter
American Institute for Co-



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-— Funding for regional invasive

species project crucial



mins PROTECTION from invasive species.

WHILE the importance of a co-ordinated approach to deal
with the issue of invasive species in the Caribbean is widely
accepted, challenges remain in terms of securing funding to
tackle the problem, the CARICOM Secretariat said.

The funding constraints being experienced for the Caribbean
Invasive Species Surveillance and Information programme
(CISSIP) was highlighted at a US Department of Agricul-
ture programme for Tropical and Subtropical Agriculture
Research (T-STAR) sponsored symposium on invasive species
in Miami yesterday.

The symposium was informed that the CARICOM Secre-
tariat had sought to secure funding for the project but had been
unsuccessful to date. ;

However there is now an acceptance among the stake-
holders that the path for success could see CISSIP, which has
five major components, being re-fashioned to make it more
appealing to potential funders.

When implemented, CISSIP, a project aimed at protecting
the Caribbean region from “pests”, a category of invasive
species, “will provide timely information on the status of
pests and support pests risk assessment which are needed to
facilitate trade,” the secretariat said. An internet based net-
work of diagnostic laboratories and specialists will be estab-
lished and used in the fight.

The project seeks to address the influx and spread of harm-
ful invasive species that threaten the agricultural livelihood,
human and environmental health of countries in the Greater
Caribbean. At the symposium, the project was identified by
major stakeholders, including the University of Florida, the US
Department of Agriculture and CIRAD, the French Agency
for Animal and Plant Health, as the means for.co-operation on
the range of issues that deal with invasive species.

Deputy programme manager for agriculture development at
the CARICOM Secretariat Margaret Kalloo informed the
symposium that CISSIP was fashioned by the Caribbean Inva-
sive Species Working Group¢@IS WG) andipyesenpedito the
COTED, which agreed that financing should be sought for the
project proposal. She added that Non-CARICOM countries
in the CISWG presented endorsements from their govern-
ments regarding the proposal.

“The CISSIP proposal emphasises the case for co-operation
in addressing this issue. This, along with the recognition of the
severity of the economic and social implications of invasive
species has driven all of the 39 countries of the Greater.
Caribbean to indicate their willingness to participate in the
tracking, prevention, and eradication of these ‘unwanted

' guests’,” Ms Kalloo informed the symposium.

She added that in considering a strategy for safeguarding
against threats of invasive species multi-country co-operation
is perhaps the most efficient means of addressing this issue.
“Indeed no country in the Greater Caribbean is capable of pro-
tecting itself from invasive species without the cooperation of
other countries,” she added.

The Caribbean Invasive Species Working Group will have
its annual meeting on Friday July 18 at which the CISSIP pro-
ject will be discussed, with emphasis on questions of funding
and implementation. ‘





operation on Agriculture
(IICA), the French Agency
for Animal and Plant Health,
CIRAD and CARDI.

The Caribbean Invasive
Species Working Group com-
prises all English, French,








> my
9

SUONLPY OAnvald g



Dutch and Spanish speaking
countries/territories in the
Caribbean Basin, including
the states of the United States
of America bordering the
Gulf of Mexico.

The working group, which
is chaired by CARDL, is com-
prised of the CARICOM Sec-
retariat, CAB International,
the Food and Agriculture
Organisation (FAO), the
Inter-American Institute for .
Co-operation in Agriculture
(IICA), University of the
West Indies (UWI), Univer-
sity of Florida, CIRAD, Flori-
da A&M University, IDIAF,
USDA-APHIS and the Pan
American Health Organisa-
tion (PAHO).

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.
THE | HIBUNE

m By TANEKA THOMPSON
Tribune Staff Reporte

ASPIRING filmmakers
between the ages of 10 and 25
years old are being encour-
aged ‘to. enter the Bahamas
International Film Festival's
"Reel Life" documentary
competition.
The competition will pro-
‘vide emerging filmmakers with
an opportunity to showcase
films focused on Bahamian
cultural and social issues, for
example tourism, crime, the
economy or the environment.
"The Reel Life documen-
tary competition is for any
social issue that (young film-
makers) feel like they're
attached to. What it.is all
about it to empower the youth
to give them an opportunity
.to tell their stories and to
encourage our community to
support to support their sto-
ries. .. so we're all learning
about our culture and our
issues, "
executive director Leslie Van-
derpool said.
Brian Lee, 20, a Bahamian
film student, at the Savannah

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tthompson@tribunemedia.net

BIFF founder and °

INDIRA COLLIE, Leslie Vanderpool and Brian Lee.

BIFF launches ‘Reel Life’
documentary competition

College of Art and Design
gave tips on how to create an
inspiring and exciting docu-
mentary.

He plans to start shooting a
documentary on: second gen-
eration Haitians and immigra-

tion issues in the Bahamas this ,

summer.
"If you have an issue in
mind please be passionate

about it — the only way you.
can go to the next step is if you

believe in what you are doing.
Second of all, in the docu-
mentary world the first thing
that you have to do is to create
a one page synopsis of what
your film's about. That alone
will take you to the next step.

"Once you have a camera. .
. really think about where
you're going to be shooting
and who you're going to.be
interviewing — don't just take.a
camera and start shooting;
think about it,” he said.

BTC is a major sponsor of
the competition, and the com-

pany’s senior associate of pub-

lic relations Indira Collie said:

"The Bahamas Telecommu-
nications Company is all about
connecting people. .. And so
today we're grateful for the



opportunity to connect groups
and organisations like BIFF to
their dreams to make them a
reality.”

Ansbacher (Bahamas) Ltd
donated 30 cameras to youth
organisations around the coun-
try including the Ranfurly
Home, the HOPE foundation,
the Elizabeth Estate's Chil-
dren's Home, the Children's
Emergency Hostel, the Simp-

son Penn Centre and the’
Willamae Pratt Centre to

ensure that as many young
people as. possible have the

tight tools to enter the com-

petition.

‘Films should be between 10
to 20 minutes in length and
should be presented in DVD
format, with optional dialogue

_ and commentary.

The déadline for the "Reel

_ Life" documentary competi-

tion is August 15.

The grand prize winner will
be awarded $1,000 cash donat-
ed by BTC; first, second and
third prize winners will be the
special guests at a competition
reception and special recogni-
tion ceremony at the 2008
Bahamas International Film
Festival.

Saturday, July 19th
10:00 am

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in The Mail At Marathon.
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lots of Fun, Snacks and Games!

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PAGE 8, FRIDAY, JULY 18, 2008

THE TRIBUNE



Life sentence for man
convicted of stabbing death

Mane

NOTICE

. The office of KPMG in Nassau will be

closed on Friday, July 18, 2008.
Business will resume on Monday July
21, 2008 at 9:00 a.m.

We apologize for any inconvenience caused.

AUDIT ® TAX ® ADVISORY

©2008 KPMG, a Bahamian partnership and a member firm of the KPMG network of independent member firms affiliated
| with KPMG International, a Swiss cooperative.

j



~

‘CREDIT SUISSE






Credit Suisse Nassau Branch

is presently considering applications for a

OPERATIONS ANALYST

The Human Resources Department is accepting applications for a position in
the Treasury & Issuance Operations Department. This is an exciting opportunity
for the right candidate to join a prestigious Swiss Bank.






The position is open to candidates with the following minimum requirements:




Qualifications: i

: - Two (2) years experience in Money Market & Foreign Exchange
Trading and/or Settlement

- Knowledge of securities markets and instruments (bonds,
equities, & derivatives)

- PC Literacy (MS Word, Excel)

- A Bachelor’s degree with concentration in Finance, Accounting

or Business Administration







The candidate will be expected to perform the following duties:

- Book money market & foreign exchange trades, and manage
nostro accounts in major currencies

- Verify coupon calculations and settle coupon payments

- Book structured notes, warrants, and derivatives and settle

payments

Personal Qualities:
The candidate is expected to display the following qualities:
- Excellent organizational and communication skills
- Ability to work in a small team
- Ability to work under pressure with minimum supervision

. Benefits provided include:

- Competitive salary and performance bonus
- Pension Plan
ne Health and Life Insurance

ONLY PERSONS MEETING THE ABOVE REQUIREMENTS NEED APPLY

Applications should be submitted to:
Human Resources Department

P.O. Box N-4928
Nassau, Bahamas

















or via fax 356-8148

DEADLINE FOR RECEIPT OF APPLICATIONS IS 25" JULY, 2008








FROM page one

charged with murder, howev-
er prosecutors accepted his
plea of guilt to the lesser
charge of manslaughter.

During a sentencing hear-
ing yesterday, Simmons’
attorney Dwayne Hanna had
asked the court for leniency,
submitting that Simmons did
not have a normal childhood.
Mr Hanna submitted that as a
child, Simmons had received
certain emotional and psy-
chological abuse.

In his judgment, Justice
Lockhart said it seemed that
Simmons went “off track”
very early in his life and that
his mother had done nothing
to assist him. Justice Lock-
hart reminded Simmons of
the fifth commandment, not-
ing that Simmons had disre-
spected his mother and
grandmother by not heading
their words.

_“TIn the circumstances there
is nothing I can do for you,
but sentence you to life,” Jus-
tice Lockhart said.

After the sentence was
handed down Simmons was
escorted back to Central
Police Station with his shirt
pulled up to his head as he
tried to conceal his face from
photographers.

The parents of the
deceased stood outside the
courtroom crying in each oth-
ers arms for several minutes,
until Mr McKinney was able
to speak to reporters.

“We feel, given all that has
happened at the beginning of
this terrible situation, God
has been good,” he told
reporters outside the court-
room yesterday as his wife
Treva stood by his side.

“Our faith has not been
shaken, although this has
been hard for us our faith has
not been shaken by the sys-
tem of justice. At a time
when so many doubt the sys-
tem of justice, we feel that
justice has been served. This
case speaks to all of us as par-
ents, that we all have to be
in charge of our children so
that they don’t give us bur-
den or become a burden to

society and damage our rep-'

utations,” Mr McKinney said.
Mr McKinney noted that
Simmons has never apolo-
gised or expressed remorse
for his daughter’s death and
has a lot of soul searching to
do. Mr McKinney said he
would continue to pray for
Simmons.

During the sentencing
hearing yesterday Simmons’
grandmother, Gwendolyn
Brown, who was a Crown wit-
ness at his trial, told the court
that Simmons didn’t appear
to be himself in the weeks
leading up to McKinney’s
death. She said that she had
reared Simmons and
described him as a quiet per-
son who “didn’t keep compa-
ny.” She recalled that she
heard Simmons on the day of
the incident say, “If I don’t
get my baby today I gern do
something stupid.” She
recalled that Simmons’ father
and sister perished in a house
fire when he was about nine
or 10 years old and that Sim-
mons had received coun-
selling after the incident. Still
she told the court that Sim-
mons had a stable home, was
very well loved by his family
and was given whatever he
asked for.

Mrs Brown described the
deceased as a mannerly girl.
She said that she had never

witnessed any physical vio-
lence between her grandson
and Trevonne. However, she
had heard of incidents and
was told by Trevonne that
Simmons had beat her up in
the road.

Mrs Brown said that
Trevonne had fold her that
she was afraid to bring the
baby around because Sim-
mons had threatened to burn
himself and the baby up in
the house.

Simmons’ mother,
Rosezreo Simmons, told the
court that her husband had
abused her constantly and
used marijuana as well as
cocaine.

She admitted that she too
had used cocaine for a while,
but her husband had ordered
her to stop when she became
pregnant with Michael. She
told the court that Michael
had lived with her for most
of his life and sometimes
stayed with his grandmother.
She said that Michael and his
father had had a great rela-

tionship and that after his’

father’s death, Michael’s
grades in school began to
drop significantly.

She told the court that
Michael attended several pri-
vate schools.

She was questioned exten-
sively about his expulsion
from Teleos Christian School
over.an alleged sexual inci-
dent with a female student.
Mrs Simmons told the court

that she felt that the incident |

was dealt with wrongly.
She recalled that two weeks
before Trevonne was killed,

Trevonne, her son and their
daughter had come to visit
her in Fort Lauderdale. She
said that at that time she saw

“no signs of any problems

between the two. She told the
court that Michael had told
her he was having problems
with the deceased and she ©
had suggested he leave her
alone. Mrs Simmons told the
court that she knew that shé
had spoiled her son.

Lisa Bowleg, a probation
officer told the court that
Simmons had told her that his

relationship .with. the
deceased had started to dete-
riorate after he was

approached by someone who
said that they had had rela-
tions with the deceased.
According to Ms Bowleg,
Simmons claimed that, con-
trary to his grandmother’s
account of the incident,
Trevonne had come towards
him with a knife.

She said that Simmons
claimed that he took the
knife from her and stabbed
her.

The probation officer also
noted that the parents of the
deceased were deeply sad-
dened by her death and had
removed all photos of her
from their home because they
could not explain to their
granddaughter where her
mother is at this time.

Ms Bowleg said that Sim-
mons has expressed no
remorse, nor has he taken
responsibility for his actions.
She said that Simmons has
sought rather to cast blame
on everyone else.

Troyniko McNeil
‘could be set free’

FROM page one

family finds it curious that Troyniko was not immediately deport-
ed or handed over to Bahamian police for questioning.
The family reportedly is questioning the veracity and quality of
the evidence police have in this case.
The source told The Tribune last week that the McNeil family is

keeping a close eye on how this case is being dealt with, and are pre-

pared to take legal action if the US government or Bahamian
police violate Troyniko’s rights in any way.

$700,000 of marijuana
is seized by the DEU

FROM page one

At around 1.30 yesterday
morning, the officers saw a
white go-fast boat about two
miles off Yamacraw Beach.

Spotting the DEU officers
approaching, the go-fast boat
sped off in an attempt to outrun
the police vessel. .

However, the officers soon
caught up with the speeding
boat and intercepted it.

On board, the police found
two men, ages 47 and 28.

The officers also discovered
681 pounds of marijuana. in 19
crocus sacks.

The estimated street value of
the drugs is $700,000, Asst Supt
Walter Evans said yesterday.

Both men were taken into
custody and police investiga-

‘tions into the incident contin-

ue.

Mr Evans emphasised that
without the help of the public,
these arrests would not have
been possible.

“The police are tremendous-
ly grateful,” he said.

Mr Evans that this is the kind
of relationship the police hopes
to cultivate with all Bahamians

in order to eradicate crime in
the country.

“It’s a reciprocal relation-
ship,” he said.

Just minutes after police
apprehended the would-be drug
smugglers, other officers, also
of the DEU and acting on infor-
mation supplied by the public,
were able to capture an illegal
firearm.

Mr Evans said that a 38mm
handgun was found near Bail-
lou Road, close to Farmer’s
Market.

No arrests were made in con-
nection with the discovery of
the weapon.

About 30 minutes later, at
around 2am yesterday, officers
of the mobile division on patrol
observed a 1988 Honda Accord
with three male occupants dri-
ving on St James Road.

Officers stopped the car and
searched both the vehicle and
the Honda’s occupants. A hand-
gun and seven live rounds of
ammunition were found during
the search and the three males —
one a juvenile, the other two 18
year olds, were arrested.

Fully equipped, sophisticated


THE TRIBUNE

Winners delighted
with Diamond Awards

THE highpoint’ of Baha Mar’s
3rd Annual Diamond Awards was
the announcement of the 2007
Associate of the Year, 2007 Super-
visor of the Year and 2007 Manag-
er of the Year.

Nominees for: the top awards
were drawn from each Baha Mar
property, which include the Shera-
ton Cable Beach Resort, the Wyn-
dham Nassau Resort and the for-
mer Nassau Beach Hotel.

On the evening of the awards,
the announcer called off the nom-
inees in each category. At the end,
three hard-working and loyal
employees walked away with the
prestigious honours.

The Manager of the Year award
went to Cyprianna Major, a nine-
year managerial-level employee of
the Sheraton Cable Beach Resort,
who-has held the post of chief
concierge for almost a year.

Mrs Major said she was

“extremely excited” to be chosen
as Manager of the Year.

“Tt took a lot of hard work and
dedication. Our slogan at the Sher-
aton is ‘I make the difference, J am
Sheraton’ it is up to you to make
the difference.”

Her. hard work was rewarded
with her employer’s appreciation
and prizes that include a seven-day
Caribbean cruise, a round-trip tick-
et for two to Fort Lauderdale,
$1,000 spending money, a lap-top
computer and flowers.

‘Andrew Sturrup, winner of the
Associate of the Year, is a shift
engineer at the Wyndham Nassau
Resort.

- When he received his award he
said, “I was so surprised. For a big
resort like this, I never thought that

“one day I would be chosen as Asso-
ciate of the Year.”

Mr Sturrup said he considers the
Wyndham as his “first home” and
expressed his thanks to the man-

agers and supervisors for nominat- »

ing him.

He won two round-trip tickets
for two to Atlanta, a six-day, five-
night hotel stay, $500 spending
money and a 32-inch flat screen
TV.

Phyllis Smith, who said that

_ what she enjoys most about her
job is meeting people, was named
Supervisor of the Year, but missed
out on the awards evening owing to
other commitments. However, she
heard the good news when she
arrived at.work the next day.

_ Mes. Smith, a supervisor.of
housekeeping at the Sheraton

Cable Beach Resort, was so over-

whelmed with joy that she began to
cry. ie :

“JT feel. honoured and special. I

3 ¥ '



Blt

the entire store! All Summer!



CYPRIANNA MAJOR was elated when she received the Manager of the
Year award during the 3rd Annual Diamond Awards. (I-r) Barbara
Barnes, human resources director at the Sheraton Cable Beach Resort;
Evelyn Miller, human resources manager at the Wyndham Nassau

- Resort; Cyprianna Major, Manager of the Year; Anatole Major, human

resqurces manager at the Wyndham Nassau Resort, and Hans
Altenhoff, general manager at the Sheraton Cable Beach Resort.

ANDREW STURRUP, a shift engineer at the Wyndham Nassau Resort, was -



named the Associate of the Year. (I-r) Earle Bethell, general manager at
the Wyndham Nassau Resort; Anatole Major, human resources manager at
the Wyndham Nassau Resort; Evelyn Miller, human resources manager at
the Wyndham Nassau Resort; Andrew Sturrup, Associate of the Year, and

know that winning this award will
encourage me to work even hard-
er,” she said.

‘From a leadership standpoint,
Mrs Smith said she encourages her
team to be pro-active and antici-
pate guest needs, asking before-
hand if there is anything further
that could be done to make their
stay more enjoyable.

Mrs Smith will enjoy a five-day

Caribbean cruise. Her hard work

and dedigation also earned. her

zi round-trip. tickets for two to Fort

Lauderdale with $700 spending
money. She also won a washer and
dryer.

Director of-human resources
Sheraton Cable Beach Resort Bar-

_ Jeffry Humes, managing director at the Wyndham Nassau Resort.

bara Barnes congratulated the
resort’s two winners Cyprianna
Major and Phyllis Smith on behalf
of the general manager, Hans
Altenhoff, and the executive team.

“We are very proud to have
these ladies on our team. They are
precious gems at the Sheraton,”
she said.

F Renee McKinney-McPherson,
director of human resources at
Wyndham Nassau Resort, con-
gratulated Andrew Sturrup on his
win.

“We aré so ‘proud of his’ dili-
gence. We continue to receive
guest compliments on his behalf
because of his hard work and ded-
ication.”



FRIDAY, JULY 18, 2008, PAGE 9

of Saeaaaapecoe

NULOV ING MEMO}
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In that land where there is no night.
Se Helen Steiner Rice),

“FOND MEMORIES WILL. FOREVER
LINGER IN THE HEARTS OF WIFE
DORIS BULLARD, FAMILY AN 2:
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THE TRIBUNE



Victims ‘stalked and raped at
sunpoint’ by bisexual attacker

FROM page one

but after the question was put
to him by The Tribune yester-
day, Chief Supt Basil Rahming
confirmed that police are hunt-
ing for such a man, and urged
the public to keep a watch out
for suspicions person. He said
the culprit usual strikes during
the early morning hours, enter-
ing the homes of unsuspecting
victims.

Sources say the expertise
with which he carries out his
attacks could mean there are
many more victims who have
yet to come forward.

While the police released no
further information, it is
believed that the rapist stalks
his victims before striking. He
seems to be familiar with the
lay-out of each home and to
know how many persons live

and leaves no evidence at the
scene of the crime, The Tribune
was told.

He covers his victims with a

cloth and uses a condom during ~

sexual intercourse. After raping
his victim, he then makes the
individual shower to get rid of
any physical evidence.

According to sources, one ©

the victims is very concerned
over the silence by police and

fears that the rapist will strike .
\again.

The latest incident occurred
on Thursday at-around 4am,
involving a 21-year-old woman.

The victim reported to the
police that she was awakened
by a masked man armed with a
handgun.

The suspect ordered her to
remain quiet and forced her to
engage in sexual intercourse
against her will.

He then robbed her of an

scene, it was discovered that
entry had been made through a
kitchen window.

She described her attacker
as a tall man of slim built.

Supt Rahming ‘said the first
reported case involved a 26-
year-old woman who was also
raped under similar circum-
stances.

He said the victim was awak-

ened around 5am by a masked

man armed with a handgun in
her home. The man ordered
the woman not to scream and
took her outside her house,
where he then had sexual inter-
course with her against her will.

The suspect was described as
being about 5'9" tall.

He was wearing short blue
jeans, a black shirt. and white
tennis.

“As a result of these attacks,
the police are advising the pub-
lic to be on the lookout for sus-


















frame ‘ there. undetermined amount of cash — picious persons lurking around

i * Six disc CD changer The rapist wears amask and nq fled the scene on foot. their neighbourhoods, particu-
; Keyless remote system =, Leather seats asi hee hcg either a gun The woman called the police. ° larly during the early morning
f ¢ Front dual air-bags or nite. Te 1s very cunning’ When officers arrived at the hours,” Mr Rahming said.
Vesa ° sf Seen

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independence Mirrors: Fatal police exercise spot hatily chosen’
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‘| : g looked into during the investigation, he
E © CD/radio/cassette FROM pase one said.

‘Eyewitnesses claimed that the training exer-
cise was poorly structured and ill-advised. They
said that the group was in the water towards the
eastern end of the beach when the accident

* occurred.

The men and women were weighted down in
the water with weapon belts, military boots and
full dress uniform in temperatures around 90
degrees Fahrenheit, when several officers became



office, and the injury of 10 other officers.
Police media spokesman Asst Supt Walter

Evans told The Tribune yesterday that the 10
- police officers injured in the exercise are all out of

danger and in stable condition at the Princess

Margaret and Doctors hospitals.

- Two of the officers still remain in the Intensive

Care Unit and are in serious, but stable condition, '

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Hospital and six at PMH. told The Tribune on Wednesday that the officers

Mr Evans explained that when a larger group of
police officers is injured it is customary to spread
them over the two hospitals.

However, he could not say what kind of
treatment the individual officers were
receiving.

Speaking with The Tribune yesterday, Chief
Supt Glen Miller, officer in-charge of the Central -

. Detective Unit, said that the investigation into.
what went wrong during the training exercise is
continuing.

Determining whether all of the @ttiers had
the necessary swimming skills is something which ..,

fell into what is believed to be a sink hole.

Jet ski operators, swimmers on the beach and
fellow officers went into the water in.an attempt
to rescue the officers, some of whom were sub-
merged, weighted down by their equipment. At
least five officers were said to have been in par-
ticular distress, with at least two being rescued
from under water.

Yesterday, the Workers’ Party called for the
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THE TRIBUNE







q BANK

Commonwealth Bank was able to report net income of $24.5 million, an increase of 10.4% over the
same period of 2007 ($22.4 million), despite the challenges facing the economy.



This robust performance resulted in earnings per share for the second quarter of 10 cents, (2007: 9
cents) and for the six months to June 30th 2008 of 22 cents, compared to 20 cents for the first half of
2007, an increase of 2 cents per share or 10%.

The principles of safety and soundness embedded in our strong corporate governance regime results
in prudent management of the Bank, adopting the appropriate policies and procedures to steer the
Bank through the current economic climate.

Compared to the same period in the prior year, Annualised Return on Common Shareholders’ Equity
was 35.5% up from 33.9%. At June 30th, Total Assets exceeded $1.25 billion, up 8% from December
2007. Return on Assets decreased to 3.50% from 3.65%, reflecting a 22% increase in the Cash and
Securities portfolios over December 2007.

In the second quarter, the Bank has continued the positive start it made in the first quarter of 2008,
a year widely regarded as being a very challenging year. Our impaired loans at 1.4% of total loans

FRIDAY, JULY 18, 2008, PAGE 11

COMMONWEALTH

CHAIRMAN’S REPORT ON UNAUDITED RESULTS JUNE 30, 2008

remain well below industry averages, and our Balance Sheet remains strong with impaired loans
being covered 1.5 times by loan loss provisions.

The economic condition of the US economy has if anything, declined in the second quarter, and many
anticipated capital project inflows have been either cancelled or deferred. We continue to monitor the
potential impact on tourism as the airline industry continues to struggle. We anticipate some relief
for the local economy through the recent Budget announcements of public sector projects. With the
Bank being ever vigilant to adjust to the prevailing market conditions we expect the current trends to
continue through the rest of 2008.

It is in difficult times that we distinguish ourselves and our continuing success stems from the
dedicated teamwork of every member of Commonwealth Bank staff who strives to deliver service

excellence to our customers.

y f Oa.
“T. [Donaldson

Chairman



COMMONWEALTH BANK LIMITED

CoNSOLIDATED BALANCE SHEET
(Expressed in B$ ‘000s) (Unaudited)

COMMONWEALTH BANK LIMITED

CoNSOLIDATED STATEMENT OF INCOME
(Expressed in-B$ ‘000s) (Unaudited)

June 30, 2008 June 30, 2007
INCOME:

Interest income $ ° 36,846 $ 31,946
Interest expense (12,605) (10,035)
Net interest income _ 24,241 21,911
Loan loss provision (3,670) (2,611)
20,571 19,300
Life assurance, net 1,196 1,154

Fees and. other income
23,991 22,389
Non-INTEREST Expenses:
General and administrative 11,613 11,165
Depreciation and amortization 626. 610 —
Directors’ fees 43 39
12,282 11,814
Net Income 11,709 10,575
Preference Share Dividends (1,487) (1,487)
Net Income AVAILABLE TO COMMON SHAREHOLDERS $ 10,222 $ 9,088
AVERAGE NuMBER OF COMMON SHARES 98,227 98,316
(Thousands)
Earnincs Per SHare (3 months) $ 0.10 0.09

COMMONWEALTH BANK LIMITED
CONSOLIDATED STATEMENT OF INCOME
(Expressed in B$ ‘000s) (Unaudited):

INCOME:

3 months ending

December
June 30, 2008 31, 2007
ASSETS
Cash and deposits with banks $ 19,371 $ 20,934
Balances with Central Bank 78,946 72,609
Government Stock, Investments and Treasury Bills 135,409 98,050
Loans Receivable (net) 1,008,298 954,943
Premises and equipment ~ 32,902 30,912
Other assets 1,094 1,726
TOTAL $ 1,276,020 $ 1,179,174
LiaBILITIES AND SHAREHOLDERS’ Equity
Liabilities:
Deposits $ 1,026,368 $ 935,730
Life assurance fund 17,489 16,184
Other liabilities 27,264 26,364
Total liabilities 1,071,121 978,278
Shareholder’s Equity: . .
Share capital 86,946 86,951
Share premium 25,864 27,643
General Reserve 10,500 10,500
Retained earnings 81,589 75,802 -
Total shareholders’ equity 204,899 200,896
TOTAL $ ° 1,276,020 $ 1,179,174

3 months ending



6 months ending 6 months ending

June 30, 2008

June 30, 2007

COMMONWEALTH BANK LIMITED

CoNnSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS’ Equity ©

(Expressed in B$ ‘000s) (Unaudited)

6 months ending

6 months ending





June 30,2008 =--—- June 30, 2007
PREFERENCE SHARES °
Balance at beginning and end of period $ 84,983 $ 84,983
Common SHARES
Balance at beginning of period 1,968 1,964
(Purchase)/Issuance of common shares (8) 2
Balance at end of period 1,963 _ 1,966
SHARE PREMIUM ie
Balance at beginning of period 27,643 26,429
(Purchase)/Issuance of common shares (1,916) 472
Employee stock options oo 137 CO
Balance at end of period 25,864 | 26,901
GENERAL RESERVE
Balance at beginning and end of period 10,500 10,000
RETAINED EARNINGS
Balance at beginning of period 75,802 50,496
Net income 24,509 22,196
Common share dividends (15,748) (11,799)
Preference share dividends a (2,974) (2,974)
Balance at end of period 81,589 - 57,919 |

SHAREHOLDERS’ Equity AT END OF PERIOD

COMMONWEALTH BANK LIMITED

ConsoLipATeED STATEMENT OF CASH FLows
(Expressed in B$ ‘000s) (Unaudited)

Cash FLows FROM OperATING ACTIVITIES:

| COMMONWEALTH BANK LIMITED

$ 204,899

6 months ending
. June 30, 2008

NOTES TO UNAUDITED INTERIM CONSOLIDATED FINANCIAL STATEMENTS
SIX MONTHS ENDED JUNE 30, 2008 (EXPRESSED IN B$ ‘000S) (UNAUDITED)

$ 181,769

6 months ending
June 30, 2007

Interest Receipts $ 65,998 $ 56,912
Interest Payments (24,485 ) (19,434)
Life assurance premiums teceived 5,095 4,630
Life assurance claims and expenses paid (1,958 ) (1,722)
Fees and commissions received 5,334 4,572
Recoveries 3,439 3,070
Cash payments to employees and suppliers (21,573) ° (17,972)
31,850 30,056
Increase in loans receivable (59,610) (68,637)
Increase in deposits _ 90,638 74,451.
Net cash from operating activities 62,878 35,870
Cash FLows FRoM INVESTING ACTIVITIES:
Purchase of Government Stock, Investments
_-and Treasury Bills . (77,082) (49,007)
Interest receipts.and repayment of oo
Government Stock and Treasury Bills 42,706 35,206
Purchases of premises and equipment _ __(3,222) (2,260)
Net cash used in investing activities (37,598 ) (16,061)
Cash Flows FROM FINANCING AcTiviTiEs:
Dividends paid (18,722) (14,773)
(Payment)/Proceeds from purchase/issue
of common shares (1,921 ) 474
Share based payments 137 0
Net cash used in financing activities (20,506 ) (14,299)
Net INCREASE IN CASH EquivALeNTS 4,774 5,510
Casu Equivacents, BEGINNING OF PERIOD 93,543 92,295
Cash Equivacents, END oF Period $ 98,317 $ 97,805

Interest income $ 72,420 $ 62,542 —
Interest expense (24,485 ) (19,434) | 1. ACCOUNTING POLICIES
Net int P ti 47 19,48 | These consolidated interim condensed financial statements have been prepared in accordance with
et interes Income 1935 43,108 | International Accounting Standards 34 Interim Financial Reporting. The accounting policies used in the
Loan loss provision (6,255 ) (4,691) | preparation of the interim financial statements are consistent with those used in the annual financial
. 41.680 38.417 statement for the year ended December 31, 2007.
Life assurance, net 2,767 2,365 . The consolidated financial statements include the accounts of Commonwealth Bank Limited (“the Bank”) and

Fees and other income

_ Non-InteRest Expenses:
General and administrative
Depreciation and amortization
Directors’ fees

Net INcomE

Preference Share Dividends

Net Income AVAILABLE TO COMMON SHAREHOLDERS
AVERAGE NUMBER OF COMMON SHARES

(Thousands)
Earnincs Per Suare (6 months)

48,846

23,022
1,232
83

24,337
24,509
(2,974 )

$___ 21,535 _
98,227 __

0.22

ee ieee A i

44,553

21,041
1,233
83
22,357

22,196
(2,974)

$19,222
98,316

—__

$ 0.20

its wholly owned subsidiary companies. The subsidiaries are Laurentide Insurance and Mortgage Company

| Limited, C.B. Securities Ltd. and C.B. Holding Co. Ltd.

2. BUSINESS SEGMENTS
For management purposes, the Bank including its subsidiaries is organized into two major operating units
— Bank and Real Estate. The following table shows financial information by business segment:

June 30, 2008 June 30, 2007
Revenue
Bank segment — External $ 48,811 $ 44,417
Real Estate segment — External $ 35 $ 135
Real Estate segment — Intersegment $ 729 $ 729
Net Income
Bank segment $ 24,639 $ 22,020
Real Estate segment $ (130) $ 176
Consolidated $ 24,509 $ 22,196

3. DIVIDENDS

The Directors have approved interim quarterly dividends in the amount of 5 cents per common share (2007:
4 cents) and an extraordinary dividend of 6 cents per share. The total dividends paid as of the interim date is
16 cents per share for common shares (2007: 12 cents). The dividends are declared on a quarterly calendar
basis. The interim financial statements only reflect the dividends accrued for the interim period.

4. COMPARATIVE FIGURES-DIVIDENDS AND EARNINGS PER SHARE
On October 17, 2007, the shareholders approved a three-for-one split effective November 9, 2007.
Comparative per share data for 2007 has been restated to recognize the effect of the stock split.



YOU'SUOHBIOYOANBAD BO0ZO
THE TRIBUNE




SECTION A

PaReRERET J

FRIDAY, JULY 18, 2008

_INSIDE © Olympic profiles










TTT
expected to
MRT

















_a fourth round TKO
over American Jerer !
ton, who came in as a late





replacement for Gbengaon

May 24 after the African ©

_ was unable to come to town ~

because of a visa problem. —
Gbenga, 29, has not



fought since December 8
Lancashire when he su
_ fered his second straight
_ defeat at the hands of D
_ Francis when he stepped up
| weight to fight for
_ Commonwealth light hea:
weight title.

While they wait for the”

rival of Gbeng

ho will be appearing on
e undercard and she

"expects that they will all
in town by this morning
The weigh-in is set for

Gymnasium.

Yel-

_ p.m, at the Kendal Isaacs _

Bahamas men's 4 x 400 team:
placed second in Olympic qualifier

Women’s 4 x 100
team falls short

. @ By BRENT STUBBS"

Senior Sports Reporter
bstubbs@tribunemedia.net

THERE’S been a lot of
regret that with the talent
available, the Bahamas won’t
qualify to compete in the

-women’s 4 x 100 metre relay

at the XXIV Olympiad.

But the latest team rank-
ings released by the Interna-
tional Amateur Athletic
Association showed why only
the men’s 4 x 400 team will
be.competing in Beijing, Chi-
na next month.

WOMEN’S 4 X 1 TEAM

In its final listing of the top
16 performances going for
the Olympics as of July 16,
the actual cut-off date for
qualification, the Bahamas

- women’s 4x1 team didn’t

In celebration of Ted
Smith's 70th birthday, family
‘and friends made donations
to the Squash Club on Vil-
lage Road in order to hold a
Summer Camp for nine chil-
‘dren from the Ranfurly
Home for five days.

Ted Smith became a mem-
ber of the Squash Club in
1975 during the pre-con-
struction of the club ‘and has
been playing squash ever

* since.

The children were taught
by the manager and coach,
Barbara Albury and Jimmy
Lightbourn respectively, the
basic squash racquet skills,
rules to play the game and
practiced a variety of drills.
The final day ended with a
barbecue on the patio of
hamburgers and hotdogs.

Freedom Farmers do the Bahamas proud

THE FREEDOM FARM Baseball
League sent an All Star seven-nine years
Coached Pitch Baseball Team to Okee-
heelee 4th July Classic Tournament held
in Wellington, West Palm Beach.

teams participated.

The Freedom Farmers from The
Bahamas did not win the championship but
set tongues wagging by their mere exis-
‘tence.

The torrential. rain attempted to

the spirits of the organisers of the Okee- ©
heelee Coached Pitched Baseball Tourna-
ment but did nothing to dampen the enthu-
siasm of the visiting Freedom Farmers from

}

make the top 20, as indicated
by the Bahamas Association
of Athletic Associations with
the team just falling shy at
number 17.

The qualifying perfor-
mances, based over the past
year, showed that the United
States produced the two best

‘marks of 41.98 and 42.24 sec-

onds at the World Champi-
onships last year in Osaka,
Japan for an average of

A111.

Jamaica is second with
their best times of 42.01 and
42.70 at the World Champi-
onships as well for an aver-



Nassau, Bahamas.

Fifteen

dampen

It did not take long before the powerful
Bahamian team caught fire by bruising the
Magnolia Park Beach Black Sox with a
score of 11-5. The game was postponed
because of rain on Thursday evening but
was completed on Friday morning at 8am.

The second game which was scheduled
for 8pm on Thursday evening but was post-
poned because of rain and was played at
9.30am on Friday. Again the confident, well
coached and well disciplined Freedom
Farmers released a barrage of heavy bats on
the Fort Lauderdale Nationals team by the
identical score of 11-5.

age of 42.36.

Also from our region,
Brazil is 14th with their best
time of 43.36 while Trinidad
& Tobago is 15th at 43.43
and Cuba rounding out the
top 16 at 43.46.

Waiting in the wings in the
final four spots to complete
the top 20 listing are Thai-
land with 43.38; Nigeria with
43.58, Australia with 43.62
and Japan (43.67) and Ghana
(43.76) tied with an average
of 43.80. ;

. ’ The Bahamas, which failed

to field a team for the World
Championships where only

OFFERING a fun summertime activity to children who might not otherwise get the chance to play - while also widening the interest in
‘their sport, were Barbara Albury (far right), manager/coach of the Squash Club, Village Road and Jimmy Lightbourn, manager/coach
-at the Squash Club. The special summer camp was established on behalf of long time Squash Cl
Smith (far left), who recently celebrated his 70th birthday.

~ RANFURLY HOME CHILDREN ENJOY
SUMMER CAMP AT SQUASH CLUB:

ub member ahd avid player Ted

eight teams competed, had a
best showing this year of
43.85 by the team of Kristy
White, Chandra Sturrup,
Timicka Clarke and Debbie
Ferguson-McKenzie at the
Scotiabank Olympic trials.
The BAAA never got the
opportunity to run a combi-
nation of the senior and
junior athletes together this
year as they were not all
available at the same time.

MEN’S 4 X 1 TEAM

The same was the case with
the men’s 4 x 1, which was
attempting to qualify as well.
They were also not included
in the top 16 or even the top
20.

The best performance

came from the team of Adri- ¢

an Griffith, Derrick Atkins,
Rodney Green and Shamar
Sands, who ran 39.22 at the

BARBARA
ALBURY and
Jimmy Light-
bourn, both
managers/coach
s of the Squash
Club, Village
Road, take time
out to instruct
and play with
some of the resi-
dents of the
Ranfurly Home
for Children dur-
ing a recent
summer camp
sponsored by
friends and fam-
ily members of
Ted Smith, an
avid squash
player, in honour
of his 70th birth-
day.

The schedule 1lam game on Friday

seen.

morning saw a downpour of more bats with
the Farmers showing that the previous
games were no fluke by humiliating the
Wellington Fury by a score of 12-2.

The parents of the Farmers that accom-
panied the team, shook cowbells and
screamed with levels of excitement rarely

Saturday was no different; The Farmers
from The Bahamas whitewashed the Okee-
heelee Superstars by a score of 10-1, never
giving the opposing team a chance.
Farmers who enjoyed a 4-0 win/loss record

The

SEE page 15

f






























Central American and
Caribbean Championships in
Cali, Colombia.

However, it was nowhere
near the time of 39.08 that
Russia produced for the 20th
spot. Thailand rounded out
the top 16 qualifying spot |
with a best of 38.94.

The Bahamas, therefore,
will only be represented by
the men’s 4 x 400 team,
which has the second fastest
qualifying time and not the
sixth as indicated by the
BAAA.

The IAAF, in his latest list-
ing, had the Bahamas in sec-
ond with their two best times
of 2:59.18 that the combo of |
Avard Moncur, Michael
Mathieu, Andrae Williams
and Chris Brown ran for the
silver at the World Champi-
onships.

. SEE page 15 _

Musgrove
‘grateful to
be alive’

TRIBUNE

EXCLUSIVE

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



RESERVE
Constable 90
Barron ‘Tur-
bo’ Musgrove
is grateful to
be alive after
the drowning
of one of his
fellow Police
officers during
a training ses-
sion in Good-
man’s Bay.

Musgrove,
the president of the New Provi-
dence Cycling Association and
one of the country’s top cyclists,
was a part of the 20-plus class
that was doing a two-week train-
ing course in firearms.

. They were going through

water training in Goodman’s
Bay on Wednesday when fel-
low officer Desmond Burrows
died after getting into difficul-
ties.

Musgrove, who was rushed to
Doctor’s Hospital where he was
resting as he recovered from the
ordeal, said he was still trying
to some to grips with what hap-
pened. :

“T really don’t remember too
much because when I came out
of the water, I collapsed,” he
stated. “I reached that point
where my body was just
fatigued.

“T couldn’t believe what hap-
pened. I’m still trying to get a
clear picture of what happened.”

Musgrove, who turns 40 on
September 13, said he had been
a reservist for just about a year.
He added officers were going
through the second day of the
two-week course when the inci-
dent occurred.

“In any type of military work
like this, you have to go through
a training process,” he said. “So
we knew that we had to do the
training. We didn’t expect it to
end up like this.”

Lying in his bed, Musgrove
said he was thankful to God that
more lives were not lost.

He expressed his condolences
to the family of Burrows. While
grateful to be alive, he said his
prayers went out to the Burrows
family.

With the Tour de Grand
Bahama being staged in the next
two weeks, Musgrove said he

SEE page 15

Musgrove


THE TRIBUNE FRIDAY, JULY 18, 2008, PAGE 13





BAHAMAS ASSOCIATION OF ATHLETIC ASSOCIATIONS

MEMBERS OF THE- ORGANIZING COMMITT



Scotiabank || or
| : __ For Sponsorship of BTC Jr. National

For Sponsorship of the Scotiabank — 1 Track eee po rionehips |
_ Olympic Trials 7 : : al BIC Sr. Cential American and Caribbean

- Athletic Championships Team

Derrick Atkins
Adrian Griffith
Shamar Sands

Ramon Miller
Michael Mathieu



_ Event Sponsors q Suppliers
Bahamas Ferries Burns House
- Creative Works (Just Rush) Caribbean Bottling CO (Bahamas) Ltd
Devins Photo Micronet Business Technology
IBM Bahamas Ltd. L Migrafil Security International Ltd .
Windshield House .
ZNS







â„¢~
Favouri

PAGE 14, FRIDAY, JULY 18, 2008

Age: 23

Birthday: April 30th.

Height: 6-feet.

Weight: 165-pounds.

High School: St. Augustine's College.
College: Auburn University.

Major: Logistics.

Sports events: 110M Hurdles.

Personal best performances: 13.44
| seconds.

Coach: Henry Rolle.

Favourite colour: Black. -



1







Favourite song: Too many to choose.
Favourite movie: Too many to choose.

Hobbies: Playing video games.

Interest: Music and sports.

Idol: Father:

Parents: Tyrone and Virnetta Sands.

Sibling: Sherado, Sherea, Jason Sands.

official restaurant

: food: Macaroni and barbecue ribs.

TRIBUNE SPORTS

LEOMEY


TRIBUNE SPORTS

FRIDAY, JULY 18, 2008, PAGE 15



RRS aS 8 Sloe
Bahamas winless so far at FIBA Americas tournament

mB By RENALDO DORSETT
Sports Reporter

THE BAHAMAS’ third
game of the FIBA Americas
Tournament resulted in the
team’s most closely contest-
ed loss. However it served
as little consolation for a dis-
appointing 0-3 tournament
record compiled thus far.

The Bahamas’ third loss
came at the hands of
Uruguay in a /6-69 defeat
yesterday.

The loss placed the
Bahamas fourth in Pool B
bzhind Venezuela (1-2),
Puerto Rico (2-1), and pool
winners the United States
(3-0).

Argentina (3-0) took Pool
A, Canada (2-1) finished
second, Uruguay (1-2) third

Freedom Farmers do
the Bahamas proud



Defeat by Uruguay places
them fourth in Pool B

and Mexico fourth (0-3).

Against Uruguay, the
Bahamas held a 37-33
advantage at the half in their
most productive outing of
the tournament, however
became undone by a third
quarter collapse.

The team was outscored
25-13 in a lopsided third

quarter as Uruguay took an

eight point advantage into
the fourth.

The lead grew to as much
as 14 in the final fourth but
was cut to just five points on
an Olen Smith basket with
1:14 remaining.

Uruguay converted onâ„¢

KNEELING LEFT TO RIGHT: Diego Duncombe, Alex Johnson,
T’Naige Wallace, Dillan Cartwright, Ajai Hart, Kennon Ramsey,
Devyn Munroe, Avard Hart. 2nd row standing Torres Ingraham,
Tyler Kemp, Seth Fountain, Ennis Rahming, Dominique Collie,
Ramon Hart, Deandre Bannister. Back row left to right Coaches:
Earl Rahming, William Seymour, Derek Munroe.

FROM page 12

was ceremoniously bumped up
to the B Division for the playoff
round again beating the
Acreage Hawks (Red) ‘with a
score of 5-0.

Again the Farmers were
bumped up to the A Division,
but fell to the Acreage Hawks
(White) with a score of 9-5 in
the championship game placing
second in a fifteen team tour-
nament. This was amazing to
say the least.

Of course the Farmers were ©

emotionaily disappointed but

were hailed by all of the coaches

in the tournament as a funda-

mentally sound well prepared

team and looked forward to play-
_ ing them again.



Spectators for the Florida
based teams were highly compli-
mentary of the execution and the
high level of knowledge of the
game by the Bahamian Freedom
Farmers. The Floridians even
said that the team looked pro-
fessional and should be paid.

The organisers expressed a
keen interest in reciprocating by
attending any tournament that
could be arranged in the
Bahamas.

This tournament has shown a
glaring light on the need for a
“National Baseball Programme”
that should be embraced by the

’ government. Much should be

invested in our youth. It is clear
how beneficial this kind of pro-
gramme could assist in carving
the characters of these fine young
boys. This is needed year round.

ee ee epped the list. oun a fold oe 7

D erfermance of 2







“siti third place




the World’s eau. ‘Their average is 3:00. 60. : :

55.56 Aa the Sond s and 2:59. s at ee

i T ‘women needed to run faster than 3:29.75 in order




_ to surpas
for ae



oe ae loth and final aret to a

oy il, Sakeitha Hentield and dys Strachan in.





FROM page 12

was hoping that he would have
been out training with his peers
rather than recuperating in
bed.

“T just wished that I can get
out here today,” said Mus-
grove, who was admitted in
Doctor’s Hospital on Wednes-
day night after he was rushed
from the Police College com-
plaining of chest pains.

“This was a training day for
us, so I really thought I would
have been out training with the
youngsters. but there’s a rea-
son why I’m here. It’s just
unbelievable.”

When contacted, his wife,
Lisa, said their family was

Musgrove: ‘rate to he alive

grateful to God that an even
greater tragedy. did not occur.

“We are just glad that he is

alive,” she stated. “He was ina
lot of pain last night, but he’s
doing a lot better today.”

Jeff Major, the president of
Jeff's Auto Cycling Club, was
shocked when he heard the
news about Musgrove.

He offered his prayers to his
family on behalf of the cycling
community saying: “We want
to wish Barron Musgrove a
speedy recovery. I hope that he
can get back on his feet soon.”

Musgrove’s brother Roy
Colebrooke, who also serves
as the president of the
Bahamas Cyling Federation,
was unavailable for comment.

free: throws.down the stretch
to hold on for their second
win of the tournament.

Smith led the Bahamas
with 18 points and four
assists.

“the only ape Beer that’s also a Corona”

Donathen Moss posted a
double double with 10 points
and 12 rebounds while Leon
Cooper finished with 11.

David Nesbitt led the
defensive effort finishing
with five blocks, three steals,
and six rebounds to go along
with his 10 points.

Uruguay was paced by
Bruno Rodriguez and Math-

ias Persincula who finished
with 22 and 20 respectively.

The Bahamas shot just 37
percent from the field and
30 percent from behind the
arc.

Outsized as often the case
in international play, the
team was outrebounded, 48-
36 and were outscored in the
paint, 48-24.

Uruguay also doubled up

_the Bahamas at the free

throw line converting on 11
of their 32 attempts while
the Bahamas managed just
16 trips to the charity stripe.

The team has one addi-
tional opportunity for a win
when they face the winner
of the Venezuela-Mexico
matchup today.

Sreweg and hetited by
RIA MODELO, S.A. DEC.
MEXICO, DF.

REG. 5.S.0, ta 84n48 "8"



Distibuted LNs Bristol Wines & Spirits

‘When you make

The Switch

Saeert

Making The Sv

Discounted accessories 2D on Nese

Additional discount when

witeR 1





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Last Day For TDMA Nationwide is October 31st, 2008



i

nee voneneat

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4 pcstbee ng Bape ier | BBS

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+ Besees Sy Bi




PAGE 16, FRIDAY, JULY 18, 2008

THE TRIBUNE



114 take partin | ,,. a

Annual Duke of |

Edinburgh Charity
Golf Tournament

FOR the 114 players at the
8th Annual Duke of Edin-
hurgh Charity Golf Tourna-
ment it was a rough day on
the green.

The players hit the Ocean
Club Golf Course early Sun-
day morning (June 29) each
with some very different
expectations.

There were some players
hoping to hit the hole-in-one
on the 12th hole and walk
away with a brand new Mer-
cedes Benz donated by Tyre-
flex Star Motors. Other
golfers were hoping to win
the top prize that would land
them a trip to Great Britain
to play in the Duke of Edin-
burgh Cup Finals.

Then there were some who
simply wanted to finish the
‘day without embarrassment
— they may not have been
that lucky. Regardless of
their reasons for entering the
tournament, they all had one
soul purpose, to contribute



a!



-Resario West Condominiums Under Construction

NEW CONDOS FOR SALE |

! eS = xR
2 Bedroom, 2 1/2 Bathroom 3 storey Townh
well appointed interiors, modem kitchens, granite countertops, stainless steel

appliances, large bedrooms w/ private baths, hurricane impact windows.

From $229,000 with only $5,000 reservation deposit required,



“To date, Kerzner International,
through this golf tournament,
has raised more than $600,000
to help keep the programme

going.”



Kerzner president and managing
director George Markantonis

to the growth and develop-
ment of young Bahamians.

_ Despite some close drives
by the players; the car, beau-
tifully displayed on the
green, never found a new
owner. The pulsating heat
didn’t seem to help many of
the golfers who complained
about being ‘off’. They all
seemed quite happy to wrap-
up tournament play and
head inside for the awards
ceremony where they could

find much cooler tempera-,









ouses. Gated property includes pool, |i








tures, beverages and food.

With the help of major
sponsors like Sun Tee, John
Bull, Bahamas Food Ser-
vices, The Tribune, and Tyre-
flex Star Motors; Kerzner
International was able to
donate $45,000 to the Gov-
ernor General Youth
Awards Programme. Chair-
man of the Governor Gen-
eral Youth Board of
Trustees Sir Orville Turn-
quest accepted the cheque
presented to him by Kerzner
president and managing
director George Markanto-
nis.

Generosity

Sir Orville said: “The Gov-
ernor General Youth
Awards Programme
(GGYA) is possible due to
the generosity of the persons
in this room. It takes about
$300,000 annually to run the
organisation and this golf
tournament is by far our
largest event.”

Mr Markantonis said:
“Kerzner International is
proud to be associated with

the Governor General Youth
Awards. More than 5,000





Caen

(L) BRITISH AIRWAYS district manager Adrian Barton and Kerzner president George Markantonis (R) pre-
sent trophies to tournament winners Mark Carter and Roger Chow How.

JOHN BULL representative Inga Bowleg Meson Movado watch to Ine



Bahamian children have
passed through this pro-
gramme and we’re pleased
to say we had some involve-
ment in their development.
To date, Kerzner Interna-
tional, through this golf tour-
nament, has raised more
than $600,000 to help keep
the programme going.”
‘Also on hand for the
awards ceremony was Gov-
ernor General Arthur Han-
na.
“T wish to’ thank Kerzner
for yet another example of
community spirit. To the
players I hope they enjoyed
the game and to the same
extent, the spirit.of giving to
the young people of this
country,” he said.

With the main purpose of
the event out of the way, the
players were eager to see just
how well some faired and
just how dismal other golfers
played.

In the ladies’ category,

Ineke Daniels walked away
with a ladies Movado watch
and a Nikon digital camera
for getting closest to the pin
and the longest drive. Jan
Pyfrom claimed top prize
(Tiffany & Co Atlas Collec-

tion Crystal Bowl) for the:

straightest drive.

Winning

‘In the men’s category,
Colyn Grant was closest to
the pin. He got a men’s
Movado watch for that.
Devaughn Robinson had the
longest drive, winning a
Nikon digital camera and
Felix Stubbs had the straight-

est drive, which earned him a
Tiffany & Co Atlas Collec-.

tion Crystal Carafe.

In the foursome’s category
the standings looked like
this:

° 4th place — Purity Bakery
(William Whitaker, Helena

MONDAY — SATURDAY
10 A.M. — 2 PM.





niels for getting closest to the pin



Whitaker, Jan Daniels, and
Ineke Daniels).

e 3rd place — Nihon Fami-
ly (David McGrath, Jerry
Forrester, Curtis Robinson,
and Sean McCarroll). |:

e 2nd place — Insurance
Management (Eddie Carter,
Andrew Burrows, Mark
Carter, and Roger Chow
How).

® ist place- Bahamas
Waste (Marvin Bethel, Tom
McDermott, Phil Andrews,
and Nelson O’Kelly).

However, what everyone
was waiting to hear was who
would be the lucky four
heading to the Duke of Edin-
burgh Cup Finals in Great
Britain, sponsored by British
Airways.

Those spots went to Phil
Andrews and Nelson O’Kel-
ly who finished second with a
score of 62 (-10). The tour-
nament winners were Mark
Carter and Roger -Chow
How who finished with a
score of 58 (-14).

Mr Carter and Mr Chow
How walked away with the
trophies and will be joined
by Mr Andrews and Mr
O’Kelly as all four men will

' represent the Bahamas at the

Duke of Edinburgh Cup
Finals in Windsor, Great
Britain.

They’ll spend four days
playing at the prestigious
Wentworth Golf Club with
the hopes of joining the
ranks of other past Bahami-
an winners like Thomas
Bethel who won the compe-
tition in 2006, and Dean
Hogaboam, who came 3rd in
2004.

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.





Le?




TS a NT
PE Ula
TTT

By NEIL HARTNELL
Tribune Business
Editor











INITIAL moves have
begun to revive the pro-
posed 2,000-acre investment
project at Freeport’s Bar-
bary Beach area that is sup-
posed to be undertaken by
Morgan Stanley, sources
have told Tribune Business,
with the Port Authority
Group of Companies wanti-
ng to ensure the land
remains free for develop-
ment purposes. .

It is understood that the
options being explored by
the Grand Bahama Port
Authority and its Port
Group Ltd affiliate include
either finding another devel-
oper for the site, if Morgan
Stanley is unable or unwill-
ing to proceed, or finding a
joint venture partner for the
blue-chip Wall Street invest-
ment bank.’

Among those interested
in the Barbary Beach pro-
ject, and the possibility of
becoming lead developer or
joint venture partner with
Morgan Stanley, is a group
with Middle Eastern origins,
numerous sources have told
Tribune Business. The prin-
cipals’ identities are not
known.

Erik Christiansen, Port
Group Ltd’s newly-appoint-
ed chairman, did not return
Tribune Business’s call yes-

-terday seeking’comment
before press time, despite a
detailed phone message ‘hav-
ing been left.

Morgan Stanley is under-
stood to have secured a
nine-month extension to
close the initial land deal,
which would pave the way
for the Barbary Beach pro-
ject, at the beginning of














































FRIDAY,

JULY 18,

2008

ROYAL B FIDELITY

Money at Work

NASSAU OFFICE
(242) 356-9801

FREEPORT OFFICE
(242) 351-3010

iuaplahi anaia ‘new

life and character’

* Fashion show organiser mulls two
Nassau events per annum if debut

@ By NEIL HARTNELL
Tribune Business Editor

THE Bahamas needs more
events such as the Bahamas Inter-
national Film Festival (BIFF) and
the Islands of the World Fashion
Week to revitalise its tourism
product, the latter’s organiser said
yesterday, arguing that they

“bring new life and character” to. ,

a “stagnant” product.
Owen Bethel, the Bahamian
banker organising the Islands of

~the World Fashion Week, told

Tribune, Business that with
stopover tourist arrivals to this
nation remaining relatively flat,
there was a need for the Bahamas
to develop more specialist events
such as his to refresh its tourism
product.

“T’ve always felt the product i is
critical in attracting stopover and
repeat visitors to it,” Mr Bethel
said.

“We have either allowed the
product to become stagnant or
not created new product to keep
it alive. Certainly, new events like
this, like the‘Film Festival, bring
new. life and character to the
Bahamas.

“There a need to look more
into this area, and not stop at this
and those that might be success-
ful.”

Tourist arrivals for the first four
months of 2008 showed a mod-
est 0.2 per cent increase, with a
1.5 per cent rise in air (stopover)
arrivals, although the growth was
generated only in the a
Islands.

There is an increasing suspi-

cion that while the Bahamian

tourism industry has been buffet-

ed by external events outside its
control, such as the global eco-
nomic downturn and Western
Hemisphere Travel Initiative
(WHTI), this has only served to
exacerbate its internal issues.
Apart from the need to refresh






proves successful

* Says more events like it and Film
Festival needed to refresh and revitalise
‘stagnant’ tourism product

* Inaugural event still on target for

1,000-2,000 persons

infuse more uniquely Bahamian
culture into its tourism product,
plus improve labour productivity
and service to levels consistent
with a five-star, top-quality expe-
rience.

Mr Bethel indicated that if the
inaugural Islands of the World
Fashion Week was successful, he
would look at doing two such
shows per year to ensure such
events were spread throughout
the tourism calendar.

“New York has Spring and Fall
fashion shows. If we’re success-
ful, there’s nothing to say the

Bahamas can’t have one fashion ©

were in April, May or June, and a
fall fashion week,” Mr Bethel
said.

“One of the unfortunate things,

which is why I thought long and -

hard about this, is that the timing

[for Islands of the World Fash-.,
ion Week] is so close to Film Fes-: *

tival Week.

@ By NEIL HARTNELL
Tribune Business Editor

ow, timed to coincide with \

A BILLIONAIRE US real estate developer -

“We need events spread
throughout the year. These two
events come in the last quarter
of the year, and we need to look
at events in the first and second
quarters.”

Meanwhile, Mr Bethel, presi-
dent and chief executive of the
Nassau-based Montaque Group,
owner and financier of Islands of
the World Fashion Week, said
the event was still on course to
attract between 1,000-2,000 per-
sons, at least some five-times
more than the 200-300 he had
previously budgeted.

With anticipated attendance
“still basically in that ball park”,
Mr Bethel said the picture regard-
ing likely arrivals figures would
become clearer after a reception
he was hosting in Miami tomor-

mi Fashion Week.
“We are hosting a reception
there for designers, media and

Billionaire used Bahamian
entities to evade $52m taxes:



Owen Bethel

the models,” he told Tribune
Business. “We certainly antici-
pate 300-400 persons.

“Tf that is an indication - and
that’s only the gist from one pub-
licist’s list of invitees - taking that

.as a guide to persons interested in

coming to the Bahamas, we will
certainly be on target for the
1,000-plus figure or thereabouts
for the event.”

If attendance predictions come

true, then over a. four day-peri-
“od the British Colonial Hilton,

SEE page 11

Bahamas to the UK.

The Senate subcommittee’s latest hearing into
so-called ‘tax havens’ left the Bahamas and its
financial services sector largely unscathed, its







Could EPA
create ‘niche
market’ for
Bahamas
fashion?

: fi By NEIL HARTNELL

Tribune Business
Editor

SIGNING the Economic

Partnership Agreement (EPA)

could give Bahamian fashion,
garment and accessories design-
ers the opportunity to carve out
a “niche market” in Europe for
their products, a fashion show
organiser told Tribune Business
yesterday.

Banker Owen Bethel, organ-

iser of the Islands of the World
; Fashion Week, which is sched-

uled to be held in the Bahamas

this November, said that

whether the EPA would create

an avenue for Bahamian cloth-
ing designers to access the Euro-

i pean market on more competi-

tive terms would be among the
topics discussed at a forum held
to coincide with the show.
Adding that there was
“tremendous potential” to
develop and grow a Bahamian
fashion industry targeting niche
markets, Mr Bethel told Tribune

: Business: “I only lock at what

designers from other islands in
the region have been successful
at, and are able to do. They get
their lines out into the US mar-
ket.

“There’s a whole European

market which is as yet untapped.
: The discussions over the EPA
i are interesting, and one of the

areas the forum will look at it is
whether the EPA provides an
opportunity for the fashion
industry and give us an
edge/angle in exporting to that
market. Is there a niche market :
in Europe we can tap into?”
Mr Bethel said Islands of the
World Fashion Week was
intended to be a “catalyst” for
the development and growth of
a fledgling Bahamian design. and



fashion indus




main ire being reserved for the Swiss bank, UBS,
and the jurisdiction of Liechtenstein and its LGT
financial institution.

The only time this nation really featured was in
the section of Mr Olenicoff, which recalled how
between 1992 and 2005 he had opened “multiple
accounts at banks in the Bahamas, England,



used Bahamas-registered corporations and bank
accounts as part of a structure to evade $52 million
in American income taxes, it was revealed by a
US Senate report yesterday.

Igor Olenicoff, the California-based president
and owner of Olen Properties Corporation, was
cited as one ‘case study’ by the Senate’s perma-



He added: “One of the events
is a forum on the future of the
fashion industry in the Bahamas,
bringing together the experts in
all fields of the industry - the
models, seamstresses and
designers - and getting a con-

2008. The investment bank
had already paid a deposit,
which some sources suggest-
ed had-now gone ‘hard’ -~
meaning it was past the
deadline at which it could be
reclaimed by the purchaser,



and upgrade its tourism hotel
plant, and improve road and air- |:
port infrastructure, the Bahamas
is also grappling with the need to















































ued at around $50 million,
was supposed to see Devco
(the Grand Bahama Devel-
opment Company) sell its 50
per cent stake in the Bar-
bary Beach land to Morgan
Stanley, which would then
find itself as a 50/50 partner
in a joint venture with Port
Group Ltd.

However, the Barbary
Beach project has been left
‘hanging’ for some time,
having been disrupted by the
global credit/liquidity crunch
impacting all Wall Street
investment banks, including
Morgan Stanley, and the

- ongoing dispute between the
GBPA and Port Group
shareholders - the Hayward
and St George families.
Above all, the Port'is con-
cerned that the Barbary
Beach site does not become


























SEE page six

Loy a tye} Tater Fit and get up to
A0 miles per gallon



Companies
spare ilo
expense over
security
measures

MByCARA .
BRENNEN-BETHEL
Tribune Business
Reporter

DESPITE the current eco-
nomic slowdown and the chal-
lenges many Bahamian busi-
nesses are experiencing in trying
to reduce operating expenses,
one area they are sparing no
expense on is security.

Security professionals yester-

day said the. rise in crime had ©

created panic among some busi-
ness owners, prompting them
to seek professional services to
protect their property, employ-
ees and income.

Now, security companies are
enjoying the profits from the
increase in business.

An officer at a security com-
pany, who asked not to be
named, said his firm had seen
business increase in the recent
months.

“Some people are afraid that

because things are so hard on

people they will have less cash,
so they will go out and rob even
if they never really thought
about doing it before. Busi-

‘nesses are are hiring us,” he

added.

Andrew ‘Blue’ Johnson, of
Elite Security Agency, told Tri-
bune Business that the security
industry has seen a steady
increase in business over the
last few years.

He explained that this was
because many business owners
simply did not want to take the
risk of losing valuable income in
the event of a robbery.

“What we are seeing is per-

SEE page five





fora better life



Investment ;

© 2008 ADWORKS

point involved an $89 million transfer from the






LOMB OES OUND,

SEE page five










t
____ CORPORATE CENTRE: CORNER OF VILLAGE & SHIRLEY STREETS | www-famguardbahamas.com



FG CAPITAL

BROKERAGE & ADVISORY SERVICES

= expert investment adits

[—] multiple fund options
C_] potentially higher returns
fall of the above

and instead was set to pass nent subcommittee on investigations, having Liechtenstein and Switzerland” in the names of | certed effort on how the industry
to the vendor.: already reached a plea agreement with the US _ offshore companies that he controlled. can move further forward.
The initial land deal, val- Justice Department on transactions that at one “We will tie that in with things

SEE page six



A SUBSIDIARY OF

| PAMGUARD
s CORPORATION LIMITED
PAGE 2B, FRIDAY, JULY 18, 2008

THE TRIBUNE



NOTICE

The office of the
Public Workers’
Co-operative Credit

Union Limited will

be closed on Friday,

July 25th, 2008, for
the Annual Staff



Gas stations impose
credit card surcharge

m@ By CARA
BRENNEN-BETHEL
Tribune Business
Reporter

MANY Bahamian gasoline
service stations are now
imposing surcharges on cred-
it card transactions of up to 5
per cent to make a profit on
these sales, some having gone
as far as banning these sales.

In the wake of escalating
operating costs, and given
that the Government has not
granted an increase in the
fixed margins for unleaded
gasoline and diesel sales, the
Bahamas Petroleum Retail
Association recently said that
up to 75 per cent of its mem-

All offices professionally fitted out to a extremely high

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|] 1,661 sq.ft. @ $ 35.00 / sq.ft = $ 4,845.00 + CAM
‘| 2,428 sq.ft. @ $ 35.00 / sq.ft = $ 7,082.00 + CAM

Contact Sean McCarroll of Seaview Properties for
floor plans and to view your new office.

Phone: 359 2957

-E: sean@seaviewproperties.bs —

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American Express fees said by station

owner to be higher than rival’s

bers are on the verge of
financial ruin, something that
is leading many to curtail
their expenses any way they
can.

An employee at Esso On
the Run, at Carmichael
Road and Faith Avenue, told
Tribune Business that about
a month ago the station
implemented a 5 per cent
credit card payment sur-
charge to absorb the bank
and card company fees.
































Vasco Bastian, an Associa-
tion member from the East
Street and Solider Road
Esso, explained that while
the MasterCard and. Visa
card, plus bank fees, were
fairly manageable; American
Express fees were much high-
er. In many cases,.this made
it “not in the best interest”
of the station to accept
American Express card pay-
ments.

“Tam not sure exactly what

FEATURED ARTISTS INCLUDE:

the fees are, but American
Express is significantly high-
er. Let’s say Master Card and
Visa are around 1.2-2 per
cent, then American Express
is around 5 per cent, which

‘makes the cost per transac-

tion much higher,” Mr Bast-
ian said.

He stressed that his station
does accept credit cards and
did not charge extra for it,
although he does have a $20
minimum on gas and in-store
purchases.

He added that other gas
stations were finding it diffi-
cult to do so.

Funds

“Personally, we love credit
cards because the funds are
posted to our account. by the
next day,” Mr Bastian said.

He added that he wished
Bahamians would all use
credit or debit cards when
making their purchases, as it
reduces the security risks
associated with cash.

Association members
wanted the Government to-
provide them with some lev-
el. of tax relief in the
2008/2009 Budget, given from
the burdens they faced from
fixed margins, which at the
moment are $0.44 per gallon
on unleaded gasoline
and $0.19 per gallon on

diesel.

The association members
said they were ignored in the
2008-2009 Budget as it relates
to tax breaks, despite the fact

“ they provide what is tedlly “

a bread basket item for
Bahamians”.







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THE TRIBUNE



Witness reveals ‘tax
evasion’ techniques

mâ„¢ By DESMOND BUTLER
Associated Press
Writer

WASHINGTON (AP) —
A man wanted by Liechten-
stein for leaking secret bank-
ing information that identi-
fied millionaire tax cheats
across Europe and the Unit-
ed States has described to
congressional investigators
how money was concealed.

Lawmakers played a video-
tape of the testimony by
Heinrich Kieber at a con-
gressional hearing Thursday
that revealed rare details of
offshore practices at two
European banks. At the
hearing, Swiss banking giant,
UBS AG, announced that
because of recent revelations,
it will stop offering U.S.
clients offshore services
through branches based
abroad.

Kieber appeared only as a
silhouette against a white
screen with eyeglasses and a
balding head ‘apparent.
Kieber is living under a new
name in an undisclosed wit-
ness protection program,
according to lawmakers. He
has never spoken publicly
about his role in exposing tax
shelters he says were used by
Liechtenstein’s LGT group.

In the videotaped interview ©

with the congressional inves-
tigators, he described ruses
that he saw while working at
the bank, which he said were
used to cover the tracks of
money moved into accounts.

The hearing by the Senate
Homeland Security and Gov-
ernmental Affairs investiga-
tions subcommittee high-
lighted offshore tax abuses
that they believe cost the
U.S. government about $100
billion a year.

The hearing came a day
after the panel released a
109-page report that took
-aim at LGT, owned by ~~
. Liechtenstei n’s royal family,
~and., UBS. ane the, world’s
’ largest wealth managers.

_ Mark Branson, chief finan-
cial officer of UBS’ global
wealth management, said at
the hearing that the bank
regrets “any compliance fail-
ures that may have occurred”
and will now provide banking
or security services to U.S.
citizens only through compa-
nies licensed in the United
States. He said the bank also
is working with U.S. authori-

ties to identify clients.





Videotape of testimony played
at congressional hearing

involved in U.S. tax fraud.

LGT refused to send a rep-
resentative but said in a state-
ment that it had cooperated
by sending a senior official
for a lengthy interview and
providing all the documents
requested by the panel.

Both LGT and UBS came
under withering criticism
from the lawmakers.

“Tax havens are engaged
in economic warfare against
the United States and hon-
est, hardworking American
taxpayers,” said Democratic
Sen. Carl Levin, chairman of
the subcommittee. “Today
we will look at two banks
that relied on secrecy and
deception to hide, not just
the tax avoidance schemes of
their clients but the actions
they themselves took to facil-
itate U.S. tax evasion.”

UBS has said it is cooper-
ating with a Swiss investiga-
tion as well as an expanding
U.S. probe of taxpayers who
may have used overseas
accounts to hide assets and
avoid taxes. UBS has
promised to disclose records
involving U.S. clients who
might have. broken tax laws.
It also has banned its Swiss
bankers from traveling to the
United States.

U.S. authorities also have
asked the Swiss government
to help in the U.S. investiga-
tion.

Swiss Finance Ministry
spokesman Jean-Michel
Treyvaud said that Swiss tax
authorities received a U.S.

request for “administrative

assistance” on Thursday.
He said the request would
now be analyzed, but he said

@ nothing further, -



“The subcommittee report
bi

, Said that UBS ib ‘ankers.’




“searched out,

clients and aggressively mar-
keted services to’ taxpayers

who otherwise would not
have opened Swiss accounts.
It said the bank’s practices
resulted in billions of dollars
of U.S. taxpayer money in
accounts that were not dis-
closed to tax authorities.
The report said UBS has
estimated that it has 1,000

- declared accounts in Switzer-

land for U.S. clients against
19,000 undeclared, with.a

Legal Notice

ii NOTICE |

INTERNATIONAL BUSINESS COMPANIES ACT
(No.45 of 2000)

’ MINELLA LIMITED

In Voluntary liquidation |

Notice is hereby given that in accordance with Section 137
(4) of the International Business Companies Act (No. 45
of 2000), MINELLA LIMITED has been dissolved and
struck off the Register according to the Certificate of Dis-
solution issued by the Registrar General on the 7th day of

July, 2008.

Joanne L. Gorrod
2 Thornton Hall
Upper King’s Cliff
St. Helier, Jersey
JE2 3PG
Liquidator

Legal Notice

| NOs (GD

INTERNATIONAL BUSINESS COMPANIES ACT
(No.45 of 2000)
TRENTON INTERNATIONAL LTD.

In Voluntary liquidation

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

Dissolution.”

The date of commencement of dissolution is the 3rd day of

June, 2008.

Eurofund Limited
Suite E-2, Union Court Building
Elizabeth Avenue and Shirley Street
‘Nassau, Bahamas
Liquidator

combined value of $17.9 bil-
lion. ‘

Investigations linked to
LGT have been launched in a
number of countries since
German authorities obtained
in February the CD-ROM of
some 1,400 alleged tax cheats
with accounts at the bank
that Liechtenstein says
Kieber leaked. Germany has
since passed the file to other
countries, including the Unit-
ed States.

In his videotaped testimo-
ny, Kieber described shell
companies used as “high
grade camouflage.” Money
was often transferred through
bank-controlled legal entities
registered in numerous coun-
tries with lax regulations,
including Panama, the British
Virgin Islands and Nigeria,
he said.

Additional concealment
was provided by fake trans-
actions designed to make it
look like clients had with
drawn cash from a bank,
when‘in reality they were
credited into a LGT account.

“The only purpose of all of
this is to make it extremely
complicated for law enforce-
ment agencies to follow the
trail, as each step serves as a
filter to hide the track of the
client’s money,” he said.

He said that clients were
advised how to avoid scruti-
ny, including not telling any-
one including lawyers and
family members about hid-
den money. Clients were also

encouraged to. use pay’

phones to contact bank rep-
resentatives on cell phones
from Switzerland and Aus-
tria and to use code words in

A communications.

LGT questions: Righer’ s

~ objectivity and accusesshim

of stealing the information,
according to Michael Robin-
son,.a spokesman for. the
bank.

It says that much of the
information that Kieber has
provided involves records
going back to the 1970s and
1980s.

“LGT’s practices were con-
sistent with accepted industry
standards of the time and do
not reflect the way in which
LGT conducts business
today,” he said.

“DLA

oho

NI

A- Four Bedrooms, two bathrooms, single-family residence, with living room, dining room,
family room, covered porch, foyer, kitchen, laundry room with own half bathroom and 4

two-car carport. Building has an effective age of Twenty-two years and a gross floor area
of 3,395 sq, ft. Land size Is 10,000 sq. ft.

The building Is located on the southern side of Silver Palm Breve, 400 feet west of Silver

FRIDAY, JULY 18, 2008, PAGE 3B

LOT NUMBER 20~ BLOCK 8 OF SEA BREEZE

Palm Lane or 200 feet of Silver Palm Boulevard.

Bf

For conditions at sale and any other Information, please contact:
Credit Risk Management - Collection Unit At:

502-0929 or 356-1608

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

To reach us before July 31, 2008
Serious Enquires Only



This is to advise that

faz

MS: /APREL DAWKINS

of Murphy Town, Abaco is no longer employed
with J.S. Johnson & Co., Ltd. and is not authorized
to transact any business on our behalf.


PAGE 4B, FRIDAY, JULY 18, 2008





=} BEST] Taos)

THE TRIBUNE





Congress seeks pay

check on mortgage
giants’ executives

@ By JULIE

HIRSCHFELD DAVIS

Associated Press Writer __

WASHINGTON (AP) — Con-
gress wants to require execulives
at Fannie Mae and Freddie Mac to
have their pay packages approved
by the government as part of a bill
to throw a federal lifeline to the
mortgage giants.

The idea comes as lawmakers
scramble to limit the potential tax-
payer costs of the rescue plan and
satisfy critics of the government-
sponsored companies who fear an
open-ended bailout.

Rep. Barney Frank, chairman
of the House Financial Services
Committee, also wants to man-
date that the companies delay issu-
ing dividends until they reimburse
the government, if the Treasury
Department had to prop them up.

Frank, D-Mass., said Thursday
the House plans to count any res-
cue effort under the overall $9.8
trillion statutory limit on the
national debt. That approach is
intended to answer charges that
the aid amounts to a blank check.

“The fact that any expenditure
under this bill would be subject to
the debt limit is a cap, in effect,
on the amount that you could put
here. That invalidates these

claims,” Frank said.

“[’m optimistic that we will be
able to send (the Bush adminis-
tration) something that they will
be able to accept,” Frank said after
meeting with Sen. Christopher
Dodd, D-Conn, Banking Com-
mittee chairman, to hammer out

details.

Treasury Secretary Henry M.
Paulson has lobbied Congress for

quick approval of his plan to tem-’

porarily empower the government
to extend unlimited lines of cred-
it to Fannie Mae and Freddie Mac
and buy their stock. The Federal
Reserve has offered to let the
companies draw emergency loans.

The companies’ shares have
plummeted because of fears about
their financial stability. Fannie
Mae and Freddie Mac are private,
but they were created by Congress
to encourage homeownership by
buying mortgages from banks. The
two hold or guarantee more than
$5 trillion in home loans — almost
half of the nation’s total.

The House plans a vote next
Wednesday on a housing bill
expected to include the help for
Fannie Mae and Freddie Mac.
President Bush has threatened a
veto unless there are changes, but
now is pressing to add the mort-
gage rescue as part of a broad

S. JOHNSON
ave Sa ne
. INSURANCE AGENTS & BROKERS |

~ Our
NASSAU, FREEPORT,
ABACO AND EXUMA
7 OFFICES .



WILL

Friday,
18" July 2008

REREKREREREERERERERERERERER |

Regular office hours for ALL
Branches will resume

Monday, 21st July 2008

We apologize for any inconvenience caused







BISX ALL SHARE INDEX: WELOSE 1,821.50 | ¢!

52wk-Hi 52wk-Low

ROYAL @ FIDELITY

¢

BISK LISTED & TRADE

THURSDAY

FINDEX: AX CLOSE 870
WWW. BISXBAHAMAS, COM



compromise.

House Speaker Nancy Pelosi
said she did not believe Bush
would follow through on the veto
evén though Democrats plan to
attach $3.9 billion in grants he
opposes to buy and fix up fore-
closed properties in areas hit hard-
est by the housing crisis.

“Let me get this straight. The
president is asking us to do some-
thing quite significant to address
this housing crisis, which has long
been neglected by his administra-
tion, and he is going to resent the
ability of state and local govern-
ments to buy up these proper-
ties?” Pelosi said. “I don’t think
the president is going to veto this
bill.”

Paulson says he does not expect
to use the new federal authority to
prop up Fannie and Freddie. By
granting it, however, Congress
would boost market confidence in
the companies and thus avert a
collapse that could ultimately

- require the government to step in

with huge sums of money, he says.

He has refused to specify an
upper limit on the rescue power,
saying that doing so would wreak
market havoc.

But congressional analysts have
to issue a cost estimate for all leg-
islation before lawmakers vote. ‘

THE Fannie Mae building in Washington.

Frank and Dodd are working to
find ways to lower the projections.
They are casting about for
“what things we can do here that
will give members and the tax-
payers some assurance that this
thing isn’t a runaway horse,” Dodd
said.

Paulson has asked lawmakers
not to subject the rescue authority
to the debt limit, which Congress
sets. By rejecting that request, law-
makers essentially would cap how
much the government could spend
to prop up the mortgage giants
without further approval from
Congress.

As of Tuesday, the national
debt that counts toward the limit
stood at just over $9.4 trillion,
roughly $375 billion below the
statutory ceiling. Congressional
leaders long have
increase that cap to $10.6 trillion
before the end of the year.

The housing measure already
tightens controls on Fannie.Mae

lanned to°



and Freddie Mac, creating a strong
regulator to oversee their opera-
tions. “We’re going to make it
explicit” that the regulator would
have to approve executives’ pay,
Frank said.

The rescue plan has sparked a
backlash among Republican law-
makers, many of whom oppose
the very existence of government-
chartered private mortgage com-
panies. They point to recent
accounting scandals at Fannie Mae
and Freddie Mac, lucrative pay
packages for their executives, and

Manuel Balce Ceneta, File/AP

their considerable expenditures
on lobbying to argue that the firms
abuse their special status to enrich
themselves and then expect tax-
payers to foot the bill when they’re
in trouble.

Frank has also floated the idea ‘
of giving Treasury a preferred class ~

of stock that would enable the
government to be reimbursed
before other shareholders in the
event of any collapse. Dodd has
questioned the idea, saying it could
discourage private investors from
buying the companies’ shares.

NOTICE |

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

BORLAND INTERNATIONAL

+

BAHAMAS 7

( ar yer Maye J, |

LIMITED

SENIOR ACCOUNTANT
- Financial Reporting

Bahamas aureus Limited operates a leading
supermarket chain in The Bahamas. As a market leader,
the Company prides itself on delivering premier service
through its City Market supermarkets, having a strong

‘ commitment to its customers, associates and community. .

An opportunity for a Senior Accountant - Financial
Reporting to join this market leader has arisen. The Senior
Accountant- Financial Reporting will report to the Chief
Financial Officer.

RESPONSIBILITIES ince ty, i
¢ Verify and analyze departmental and store level operating
performance
* Respond to store inquiries regarding store level profit and
loss statements
¢ Provide management with accurate financial information
and analysis
¢ Prepare yearend schedules to support extemal auditors
* Research supporting detail for accounting transactions .
* Assist in the preparation of intemal and extemal financial
statements and reports on a period, quarterly and year end
basis ,
¢ Assist in compiling information for annual budgets
* Monitor capital expenditure against budget
¢ Ensure that period end reports are prepared n a timely
manner
» Assist with special projects as required.

REQUIREMENTS
* Bachelors’ degree in Accounting
» Experience in auditing is preferred
* Must be proficient with MS Office and Outlook.

° Must be detail oriented

* Requires good analytical and problem solving skills

¢ Requires good organizational and interpersonal skills.

* Must be able to interact with auditors and various levels of
‘management. °

Human Resources Director
Bahamas Supermarkets Limited
' East-West Highway « P. O. Box N 3738 + Nassau, Bahamas
Or e-mail to: humanresources@bahamassupermarkets.com
No telephone inquiries please

Cy Market

ARN JULY 14-18 28



FG CAPITAL ;

MARKETS
BROKERAGE & ADVISORY SERYICES












































Securit Previous Close Today's Close Change Daily Vol. EPS $ Div $ P/E Yield j
1.95 1.51 Abaco Markets 1.84 1.81 -0.03 1,000 0.135 0.00%
11.80 11.60 Bahamas Property Fund 11.80 11.80 0.00 1.086 1.69%
9.68 8.30 Bank of Bahamas 9.30 9.30 0.00 0.643 1.72%
0.99 0.85 Benchmark 0.89 0.89 0.00 -0.823 3.37%
3.74 3.49 Bahamas Waste 3.49 ' 3.49 0.00 *0.209 2.58%
2.70 1.48 Fi y Bank 2.35 2.35 0.00 0.055 1.70%
14.10 10.60 Cable Bahamas 14.04 14.04 0.00 1.121 1.71%
3.15 2.35 Colina Holdings ‘2.88 2.88 0.00 0.046 1.39%
8.50 4.80 Common th Bank (S1) 7.00 7.00 0.00 210 0.440 4.29%
7.22 3.20 Consolid Water BDRs 3.47 3.26 -0.21 0.131 1.60%
3.00 2.25 Doctor's Hospital 2.85 2.85 0.00 0.308 1.40%
8.00 6.02 Famguard 8.00 8.00 0.00 0.728 3.50%
13.01 12.50 Fi 12.50 12.50 0.00 0.650 4.56%
14.75 11.65 Firs aribbean Bank 11.65 11.65 0.00 0.550 3.86%
6.10 5.05 ‘ 5.53 5.53 0.00 0.386 2.53%
1.00 1.00 Focol Class B Preference 1.00 1.00 0.00 0.000 0.00%
1.00 0.41 Freeport crete 0.44 0.44 0.00 0.035 0.00%
8,00 5.50 ICD Utilit 5.50 5.50 0.00 1,000 0.407 5.45%
12.50 8.60 J. S. Johr an 12.00 12,00 0.00 1:023 5.17%
10.00 10.00 Premier Real Estate 10.00 10.00 0.00,
Fidelity Over-Fhe-Counter Securities:
52wk-Hi 52wk-Low Symbol Bid $ Ask $ Last Price Weekly Vol. EPS $ Div S P/E Yield
14.60 14.25 Bahamas Supermarkets 14.60 15.60 14.60 1.160 0.600 13.4 4.11%
8.00 6.00 Caribbean Crossings (Pref) 6.00 6.25 6.00 0.000 0.480 NM 7.80%
0.54 0.20 RND Holdings 0.35 0.40 0.00%
: Colina Over-The-Counter Securi ee
41.00 41.00 ABDAB 41.00 43.00 41.00 4.450 2.750 9.0 6.70%
14.60. 14.00 Bahamas Supermarkets 14.60 15.60 14.00 1.160 0.900 13.4 6.16%
0.55 0.40 RND Holaings 0.45 0.55 . 0.45 -0.023 0.000 N/M 0.00%
BISX Listed Mutual Funds) (05 3 es g é
S2wk-Hi 52wk-Low Fund Name NAV - YTD% Last 12 Months Yield%
1.3231 1.2576 Colina Bond Fund 1.323145*°* 2.41% 5.21%
3.0008 2.7399 Colina MSI Preferred Fund 2.990639*"* -0.34% 9.15%
1.4020 1.3467 Colina Money Market Fund 1.4019757°"*"" 1.96% 4.23%
3.7969 3.3971 Fidelity, Bahamas & | Fund 3.60077 -5.17% 9.38%
12.2702 11.6581 i lity Prime Income Fund 12.2702 2.82% 5.73%
100.0000 100.0000 C ul Bond Fund 100.00
100.0000 98.2100 L | Equity Fund 99.956603~ -0.04% -0.04%
1.0000 1.0000 CFAL High Grade Bond Fund 1.00**
10.5000 9.5611 Fidelity Interne onal Investment Fund 9.5611°** -8.94% -8.94%
1.0077 1.0000. FG Financial F rred Income Fund 1.007772">* 0.77% 0.77%
1.0119 41.0000 FG Financial Growth Fund 1.07. 19*F 1.19% 1.19%
1.0086 1.0000 FG Financial Diversified Fund 1.0086°**** 0.86% 0.86%
Market Terms s pe ONAN. Key
BISX ALL SHARE In 19 De ' YIELD - last 12 month dividends divided by closing price > - 31 March 2008
52wk-Hi - Highest : Bid $ - Buying price of Colina and Fidelity ** - 31 December 2007




Ask &

ade
Change - Che
Daily Vol. - Nt
112 month N/M -



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

12. 355-7764 | FG CAPITAL MARKETS 242:386-4600 [FOR Mi

- Selling price of Colina and fidelity 77+ - 30 June 2008
**** 31 April 2008

ae - 27 June 2008

- Trading volume of the prior week

Net Asset Value
Not Meaningful

ngs FINDEX - The Fidelity Bahamas Stock Index. January 1, 1994 = 100

ORMATION GALL Bazicoaige6s! 7





SERVICES INC.

Notice is hereby given that in accordance with Section138 (8)

- of the International Business Companies Act, (No. 45 of 2000),
the Dissolution of BORLAND INTERNATIONAL SER-
VICES INC. 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 20th
day of June, 2008.

\

Lesley Fag
Liquidator

NOTICE

NOTICE is hereby given that MERCEDES PIERRE-
LOUIS of GOLDEN ISLES ROAD OFF CARMICHAEL
ROAD,.P.O. BOX CR-5596Z,.NASSAU, BAHAMAS, is -
applying to the Minister responsible for Nationality and
Siizenenip, for registration/naturalization as a citizen
of The Bahamas, and that any person who knows any
reason why registration/ naturalization should not be
granted, should send a written and signed statement
of the facts within twenty-eight days from the 11TH day
of JULY 2008 to the Minister responsible for Nationality
and Citizenship, PO.Box N- 7147, Nassau, Bahamas.

NOTICE

NOTICE is hereby given that VINCENT THOMAS
SULLIVAN of HARBOUR .ISLAND, NORTH
ELEUTHERA, BAHAMAS, is applying, to the Minister
responsible for Nationality an itizenship, for
registration/naturalization as a citizen of The Bahamas,
and that any person who knows any reason ral
registration/ naturalization should not be grzated,
should send a written and signed statement of the facts
within twenty-eight days from the 11TH day of JULY
2008 to the Minister responsible for Nationality and
Citizenship, P.O.Box N- 7147, Nassau, Bahamas.

PUBLIC NOTICE
INTENT TO CHANGE NAME BY DEED POLL
The Public is hereby advised that |, NICOLA NERISSA GIBSON
of the Western District of the Island of New Providence, one of
the Islands of the Commonwealth of The Bahamas, intend to
change my name to NICCOLA NERISSA GIBSON. If there



are any objections to this change of name by Deed Poll, you may
write such objections to the Chief Passport Officer, PO.Box N-

| 742, Nassau, Bahamas no later than thirty (30) days after the date
of publication of this notice.

FOR SALE

Lot No. 23, Block 1 Unit 1
Cannon Bay Subdivision, Grand Bahama

All that parcel of Vacant Land containing 25,000
square feet or .57 acres situate in Unit 1 of Cannon
Bay Subdivision. The property is located on the west
side of Breech Drive, north of Cannon Ball Lane,
and is one hundred and twenty-five feet along the
waterway. All the roads are paved with asphalt and
all utilities are in place. The area is approximately
seven miles east of the Commercial District of
Freeport.

For conditions of sale and any other information.
please contact:
Credit Risk Management - Collection Unit
At: 502-0929 or 356-1608

Interested persons should submit offers in writing
addressed to:

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

To reach us before July 31, 2008
Serious Enquires Onl

Sasa cers alee ccna Nea ANAL Tn
THE TRIBUNE

FHIDAY, JULY 18, 2008, PAGE 5B



FROM page one

Mr Olenicoff’s mistake was
to fail to declare his offshore
holdings for the period 1998-
2004 and file a false tax return
with the US Internal Revenue
Service (IRS). His fate was tied
to that of Bradley Birkenfield,
a former UBS banker, who
earlier this year pled guilty to
“conspiring with Mr Olenicoff
to defraud the IRS and avoid
payment of taxes owed on
about $200 million worth of
assets” that had been trans-
ferred outside the US.

Detailing the two men’s rela-
tionship, the US Senate report
said it began in 2001, when Mr
Birkenfieid was leaving his job
with Barclays Bank in Switzer-
land to join UBS.

“According to Mr Birken-
field, Mr Olenicoff had been a
client at Barclays Bank in the
Bahamas,” the report alleged.
“He said that, after joining the
Qualified Intermediary (QI)
programme in 2001, Barclays
decided to close all of its
Bahamas accounts with US
clients, including Mr Olenicoff.

“Mr Birkenfield said that the
Barclays account manager in
the Bahamas telephoned him
to see if the Swiss office could
accept the Olenicoff account.”

After Mr Birkenfield per-
suaded the US billionaire to
move his account from Bar-
clays (which in the Bahamas

Billionaire

subsequently merged with
CIBC to form FirstCaribbean
International Bank Bahamas)
to UBS, Mr Olenicoff wanted
to open an account with the
latter in the name of Guardian
Guarantee Corporation, a
Bahamian company he con-
trolled.

“Mr Birkenfield provided
the account opening documen-
tation to Mr Olenicoff in Cali-
fornia, and to a Bahamas firm
that administered Guardian
Guarantee Corporation,” the
Senate report found.

That company, which acted
as Guardian Guarantee Cor-
poration’s registered agent in
the Bahamas, was the McKin-
ney, Bancroft & Hughes law
firm.

The Senate report drew on
an October 11, 2001, letter sent
to Hartis Pinder, an attorney
and partner at McKinney, Ban-
croft & Hughes, by Mr Oleni-
coff to prove the UBS account
opening, the document refer-
ring to the Bahamian law firm
as the “corporate office for
Guardian”.

There is nothing in the
report to suggest that Mr Pin-
der, McKinney, Bancroft &
Hughes or any of its employ-
ees, or Barclays (First-
Caribbean) or any of its
employees did anything wrong

Chancellors Chambers
will be closed on

in relation to the Olenicoff
affair and his tax evasion. No
charges have been filed against
any of them in relation to the
episode.

Still, the US Senate report
found: “Mr Birkenfield agreed
to open the account, even
though he knew Mr Olenicoff
was the true beneficial owner
of the assets, and the Bahamas
corporation was being used to
conceal that ownership........

“In December 2001, Mr
Olenicoff transferred about $89
million from Barclays Bank in
the Bahamas to the new
Guardian Guarantee Corpora-
tion account at UBS in Switzer-
land. .

Elsewhere, the Senate report
detailed how Mr Olenicoff’s
assets were restructured, so
that shares in OLEN US,

which were held by a Bahami-
an company, were placed
under a Danish holding com-
pany. That would be formed
solely to hold the Bahamian
company’s shares.

Mr Olenicoff said in a letter
to his bankers: “It is the pref-
erence of the current holder of
the stock, a Bahamian corpo-
ration, to move the ownership
to an onshore entity, but one
which provided complete
anonymity as to the beneficial
owners.”

The report further alleged:

“On another occasion, Mr .

Olenicoff appears to have
transferred substantial real
estate assets in the US from an
entity he controlled in the
Bahamas, National Depository
Company, to the Landmark
Settlement in Liechtenstein.”

Companies spare no expense

FROM page one

sons coming in who really thought that they could not afford to hire
security, but they now know they cannot afford to take the chance

of their business being hit,”

Mr Johnson said.

Just last month, concern over the high number of businesses
experiencing break-ins and robberies in the Carmichael Road area
prompted business owners there to hold a special business and
crime prevention strategy town meeting.

Also, there have in recent weeks been a number of brazen day-
light bank robberies, all of which have prompted the Ministry of
National Security and the police force to extend training to private
security personnel to help them better carry out their functions.

Legal Notice

NOTICE
LUCCILL TOWERS S.A.







NOTICE

NOTICE is hereby given that ANGELIA ADORAT DORVIL
OF SAPPODILLA ROAD, NORTH EIGHT MILE ROCK,
GENERAL DELIVERY, FREEPORT, GRAND BAHAMA,
BAHAMAS is applying to the Minister responsible for Nationality
and Citizenship, for registration/naturalization as a citizen of
The Bahamas, and that any person who knows any reason why
registration/ naturalization should not be granted, should send a
written and signed statement of the facts within twenty-eight days
from the 12th day of JULY, 2008 to the Minister responsible for
Nationality and Citizenship, P.O.Box N-7147, Freeport, Bahamas.



foe
BAHAMAS

- gypcr mate cs,

SE LIMITED

11 fo) Wee eel a

Bahamas Supermarkets Limited operates a leading
supermarket chain in The Bahamas. As a market leader,
the Company prides itself on delivering premier service
through its City Market supermarkets, having a strong
commitment to its customers, associates and community.

An opportunity for a Senior Accountant to join this market
‘leader has arisen. The Senior Accountant will report to the
Chief Financial Officer.

RESPONSIBILITIES

¢ Ensure that assigned accounts are reconciled Syith
. variances from prior period and budget

¢ Ensure that the period end reports are prepared in a
timely manner
* Assist in providing data and analysis required by
operational, corporate staff and auditors as requested
* Assist in system upgrades and/or conversions
* Special projects as assigned from time to time
¢ Ensure the consistent application of organization
policies
¢ Supervise and direct staff
¢ Train staff as appropriate.

REQUIREMENTS
¢ Bachelors’ degree in Accounting
¢ Pursuing CPA certification preferred
¢ 3-5 years experience in accounting department
* Must be proficient with MS Office and Outlook

Friday, 18th July, 2008

Our staff will be participating

Notice is hereby given that in accordance with Section

-138(8) of the International Business Companies Act

2000, the dissolution of LUCCILL TOWERS S.A. has
been completed; a Certificate of Dissolution has been
issued and the Company has. therefore been struck

¢ Experience in AccPac is preferred

* Requires good communication skills, both verbal and
written

¢ Must possess excellent interpersonal skills

‘* Must be able to interact with external customers,

in our annual Pun Day.

off the Register, auditors and various levels of management.

Human Resources Director
Bahamas Supermarkets Limited
" East: West Highway « P. O. Box N 3738 « Nassau, Bahamas
Or e-mail to: humanresources@bahamassupermarkets.com
No telephone inquiries please

We shall return to normal
business operations
on the following
Monday, 21st July, 2008.

ARGOSA CORP. INC.

(Liquidator)

A ROUND TRIP

AEN JULY 14-13 88







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PAGE 6B, FRIDAY, JULY 18, 2008

Legal Notice

NOTICE
WESTBROOKE CORP.

Notice is hereby given that in accordance with Section

138(8) of the International Business Companies Act
2000, the dissolution of WESTBROOKE CORP. has

been completed; a Certificate of Dissolution has been.

issued and the Company has therefore been struck
off the Register.

ARGOSA CORP. INC.
(Liquidator)



NOTICE
LATERNENSTRASSE INC.

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

ARGOSA CORP. INC.
(Liquidator)

Legal Notice .

NOTICE

FUBU HILLS INC...

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

ARGOSA CORP. INC.
(Liquidator)

Legal Notice

NOTICE

HALOGEN VALLEY INC.

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

ARGOSA CORP. INC.
(Liquidator)

Legal Notice

NOTICE

OPAL TWENTY-EIGHT LTD.

Notice is hereby given that in accordance with section 138
(8) of the International Business Companies Act 2000, the
dissolution of OPAL TWENTY-EIGHT LTD. has been
completed; a Certificate of Dissolution has been issued and

the Company has therefore been struck off the Register.

ARGOSA CORP. INC.
(Liquidator)

Moves to revive Morgan Stanley development

FROM page one

tied down with an owner that does not develop it, and the land
is subsequently lost for development purposes.

It is not, though, blaming Morgan Stanley for the project’s fail-
ure to proceed, given the global economic and financial situation,
coupled with the Port’s shareholder dispute.

The Barbary Beach project had been billed by some as
Freeport’s equivalent of what Kerzner International had accom-
plished on Paradise Island with Atlantis and the One & Only
Ocean Club.

Rick Hayward, son of Sir Jack Hayward, said in an affidavit
filed over the Port ownership dispute, that the Barbary Beach
project would cost “upwards of several hundred million dollars”.

If it did not happen, he alleged that it would “be a significant
loss to the Freeport economy. Conservatively, billions of dollars
in infrastructure and other development investment would be
lost”.

The Morgan Stanley project, Mr Hayward alleged at the time,
had been in the planning stages since early 2006, and “had
reached a stage of maturity”.

He added: “The development will include a number of hotels,
significant entertainment facilities, residential development,
roads and infrastructure.

“It will also include sporting facilities, such as pools, golf
courses, tennis courts and a marina.’

Legal Notice

NOTICE
GABLED CORAL INC.

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

2000, the dissolution of GABLED CORAL INC. has |

been completed; a Certificate of Dissolution has been
issued and the Company has therefore been struck
off the Register.

ARGOSA CORP. INC.
(Liquidator)

Legal Notice

NOTICE

|-|-CAMBODIAM INC.

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

ARGOSA CORP. INC.
(Liquidator)

Legal Notice

NOTICE |
LUGO STREAMS INC.

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

ARGOSA CORP. INC.
(Liquidator)

Legal Notice

NOTICE
SANTA CLAUS VALLEY LTD.

(In Voluntary Liquidation)

| Notice is hereby given that the above named

Company is in dissolution, which commenced
on the 28rd day of June 2008. The Liquidator
is Argosa Corp. Inc., P. O. Box N-7757 Nassau,

Bahamas.

ARGOSA CORP. INC.
~ (Liquidator)

FROM page one

in the outside world. We need to
look outside. Unfortunately, every-
one has so far remained within the
borders, and not looked regional-
ly or internationally.

“Hopefully, this event is a cata-
lyst that moves this forward, bring-
ing stakeholders into a forum and
seeing where we go.”

There were several couture-style
designers in the Bahamas, Mr
Bethel said, but they usually pro-
vided design services to individuals
on request and had not moved
towards commercial production,

It was the same with seam-
stresses, who provided their ser-
vices to individuals again, and had
not developed into retail business-
es.

Given the strong Bahamian
tourism industry, Mr Bethel said
selling fashion, garment and acces-
sories products to visitors was a
natural market, especially if they
were of good quality and authen-
tically Bahamian. These products
could also easily be taken back to

THE TRIBUNE

‘Miche market’

their home countries by tourists.

Mr Bethel added: “I see the
proximity to the US and the tourist
trade as being significant. The fact
is that if it’s quality and home-
grown, they should be selling, and
if they cost more than any ‘rip-off
designer fakes, people pay more
for quality items produced in the
Bahamas.”

The Internet and on-line e-com-
merce sales was another avenue
that could be exploited to kick-
start a Bahamian fashion industry,
Mr Bethel said, given that many
persons bought clothing after shop-
ping for it, then ordering, on-line.

“The marketing effect that is
there from the Internet is just phe-
nomenal,” Mr Bethel told Tribune

_ Business.

“We as a people need to see
there is a whole world beyond the
borders of the Bahamas that is
accessible if you have the right
product. Are we making adequate
use of the vehicles that are there?”

Legal Notice

NOTICE
ART DESIGN LIMITED

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

ARGOSA CORP. INC.
(Liquidator)

NOTICE
LIBERTY CRUSADE LTD...

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

ARGOSA CORP. INC.
(Liquidator)



Legal Notice

NOTICE

FIREWEED VALLEY INC.

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

ARGOSA CORP. INC.
(Liquidator)

Legal Notice

NOTICE
OCEAN POINT VALLEY CORP.

— H—

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

ARGOSA CORP. INC.
(Liquidator)


ames

=n

THE TRIBUNE ~



Office Of

THE LOCAL GOVERNMENT ACT
(CHAPTER 37)

THE LOCAL GOVERNMENT (AMENDMENT OF FIRST
SCHEDULE) (NO. 2) ORDER, 2008

The Minister, in exercise of the powers conferred by section 4 (2) of the

Local Government Act, makes the following Order -

Citation. 1. This Order may be cited as the Local Government (Amendment of First
Schedule) (No. 2) Order, 2008.
Repeals and 2. The First Schedule to the Local Government Act is repealed and replaced
replaces by the following =
the First
Schedule to FIRST SCHEDULE (section 4(2))
eT ‘Local Government Districts
The District “Boundaries
Grand Cay * North Abaco Constituency
Polling Division No. 1
North Abaco North Abaco Constituency
Polling Division Nos. 2, 3, 4, 5 & 6
Green Turtle North Abaco Constituency
Cay Polling Division No.7

ad

Central Abaco North Abaco Constituency
Polling Division Nos. 8, 9, 10 & 11

South Abaco Constituency
Polling Division Nos. 4, 5,6 & 7

South Abaco _ South Abaco Constituency
Polling Division Nos. 8,.9,:10:& 11 in ROM
. sar ENE oy

Hope Town —,._: South Abaco Constituency
- “Polling Division Nos. 1,2 & 3

Moores Island —__, South Abaco Constituency
Polling Division No. 12

Acklins MICAL Constituency
. Polling Division Nos. 4, 5, 6 & 7

Crooked Island = MICAL Constituency
and Long Cay Polling Division Nos. 1, 2,3 & 8

North Andros North Andros.fgonstituency
Polling Division Nos. 1, 2, 3, 4, 5, 6, 7,9 & 10

Central Andros = North Andros Constituency
: Polling Division Nos. 11, 12 & 13

South Andros Constituency
Polling Division Nos. 9A, 9B, 10, 11 & 12

South Andros South Andros Constituency
Polling Division Nos. 1, 2, 3,4, 5 & 6

Mangrove Cay South Andros Constituency
Polling Division Nos. 7 & 8

North Andros Constituency

Berry Islands : .
Polling Division No. 8

Bimini West End & Bimini Constituency
Polling Division Nos. 8, 9, 10 & 11

Cat Island, Rum Cay & San Salvador Constituency
Polling Division Nos. 1, 2, 3, 4, 5, 6,7 & 8

Black Point Exuma Constituency
Polling Division Nos. 1, 2 & 3

Cat Island

Exuma Exuma Constituency
: Polling Division Nos, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14 & 15
Harbour Island North Eleuthera Constituency
Polling Division Nos. 1,2 &3
Spanish Wells North Eleuthera Constituency

Polling Division Nos. 4, 5 & 6
North Eleuthera North Eleuthera Constituency
Polling Division Nos. 7, 8, 9, 10 & 11

Central Eleuthera North Eleuthera Constituency
Polling Division Nos. 12, 13 & 14

South Eleuthera Constituency
Polling Division Nos. 9, 10, 11, 12 &13

South Eleuthera South Eleuthera Constituency

; Polling Division Nos. 1, 2, 3,4, 5, 6,7 & 8
East Grand High Rock Constituency
Bahama Polling Division. Nos. 1, 2, 4,5, 6 & 9B
West Grand West End & Bimini Constituency
Bahama Polling Division Nos. 1, 2, 3, 4, 5,6 & 7

Eight Mile Rock Constituency
Polling Division Nos.1, 2, 6, 7, 8,9, 10, 11, 12,& 13B
Lucaya Constituency
Polling Division No. 7B
City of Freeport Eight Mile Rock Constituency
Polling Division Nos. 3, 4,5, 13A, 14 & 15
High Rock Constituency
Polling Division Nos. 3, 7, 8, 9A, 10, 11, 12, 13 & 14
Lucaya Constituency
Polling Division Nos. 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16 & 17
Marco City Constituency
Polling Division Nos. 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13 &14
Pine Ridge Constituency
Polling Division Nos. 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12 & 13

MICAL Constituency

Inagua
Polling Division Nos. 1] & i2

OVERNMENT ~
NOTICE

FRIDAY, JULY 18, 2008, PAGE 7B

714

The Prime Minister

Repeal

Long Island and Ragged Island Constituency
Long Tplane Polling Division Nos. 1, 2, 3, 4, 5, 6, 7, 8 & 10

MICAL Constituency
Polling Division Nos. 9 & 10

Long Island and Ragged Island Constituency
Polling Division No. 9

Cat Island, Rum Cay and San Salvador Constituency
Polling Division No. 9

Mayaguana
Ragged Island

Rum Cay,

Cat Island, Rum Cay and San Salvador Constituency

San Salvador
ee Polling Division Nos. 10 & 11”.

3. The Local Government Act, (Amendment of First Schedule) Order, 2008

of S.I. No. is hereby repealed.

41 of 2008.

mi bh te

Citation.

Specification
of number of

Councillors.

Repeal
of S. I. No. 42
of 2008.





LOCAL COUNCIL CONSTITUENCY AND
GOVERNMENT MEMBERS POLLING DIVISIONS
DISTRICTS

NORTH ABACO

CENTRAL ABACO

SOUTH ABACO

—
Made this 7 ay of Deby , 2008.

Signed:
Hubert A. Ingraham

Minister responsible for Family Island Affairs .

THE LOCAL GOVERNMENT ACT
(CHAPTER 37)

THE LOCAL GOVERNMENT (COUNCILLORS)
(SECOND SCHEDULE DISTRICTS) (NO. 2) REGULATIONS, 2008

The Minister, in exercise of the powers conferred by section 54 (a) of the

“Local Government’Act, make s'thé’followifig- Regiilation’ + Meg Bent Rae &

1. These Regulations may be cited as the Local Government

(Councillors) (Second Schedule Districts) (No. 2) Regulations, 2008.

2. The Council of a district specified in the first column of the Schedule
to this Order shall consist of the respective number of Councillors specified in the .
second column of the Schedule in relation to the respective constituencies and
polling divisions, town areas and settlements of that district, specified in the third,

fourth and fifth columns of that Schedule.

3. The Local Government (Councillors) (Second Schedule Districts)

Regulations, 2008 is hereby repealed.

SCHEDULE










TOWN AREAS SETTLEMENTS

North Abaco Constituency Little Abaco

Polling Division 2








Crown Haven, Fox Town
Mount Hope









Wood Cay &

Polling Division 3 Cedar Hatbo
edar Harbour









North Abaco Constituency
Polling Division 4



Cooper’s Town



Coopers Town






Fire Road &
Blac*wood

Polling Division 5








North Abaco Constituency Treasure Cay

Polling Division 6





Treasure Cay







South Abaco Constituency Marsh Harbour/

Spring City






Polling Division 4



Marsh Harbour






Polling Division 5



Mash Harbour






Polling Division 6



Marsh Harbour










Polling Division 7




Spring City



Murphy Town




North Abaco Constituency
Polling Divisions 8 & 11





Murphy Town




North Abaco Constituency Dundas Town

Polling Divisions 9 & 10



Dundas Town











South Abaco Constituency

Polling Division 8 Cherokee Sound

Cherokee Sound















Casurina Point & Bahama
Palm Shores

South Abaco Constituency
Polling Division 9















CENTRAL ANDROS





South Abaco Constituency

: — Crossing R
Polling Division 1G rossing Rock



Crossing Rock








Sandy Point



South Abaco Constituency
Polling Division 1)






Sandy Point




South Andros Constituency




Behring Point &
Cargill Creek













Behring Point

Polling Division 9A Cargill Creek
ill Cree






Polling Division 9B



Cargill Creek & Man-O-
War Sound





Bowen Sound








Polling Division 10



Fresh Creek




South Andros Constituency
Polling Divisions 11 &12



AUTEC, Andros Town,
Fresh Creek, Calabash
Bay, Small Hope Bay,
Love Hill ‘











LOCAL

DISTRICTS

ELEUTHERA

GOVERNMENT

_PAGE 8B, FRIDAY, JULY 18, 2008

COUNCIL CONSTITUENCY AND
‘MEMBERS | POLLING DIVISIONS

North Andros Constituency
Polling Division 1)



Staniard Creek
North Aadros Constitueacy
Polling Division 12

North Andres Constituency
Polling Division 13

ee
North Andros
Constituency
Polling Division 1
Polling Division 2
Polling Division 6 .
North Andros
Constituency
Polling Division 3
Polling Division 4
Polling Division5 __ /
North Andros
Constituency
Polling Division 7
Polling Division 9
Polling Division 10

Nicholl’s Town



Mastic Point




South Andros Constituency
Polling Division }




Polling Division 2





South Andros Constituency
Polling Division 3

South Aadres Constituency
Polling Division 4






The Bluff

.




South Andros Constituency

Bay Ca
Polling Division 5 Lesbos



Polling Division 6

Cat Island, Rum Cay & San | Arthur's Town















































TOWN SETTLEMENTS
AREAS
















Lowe Sound

Lowe Sound & the
Part of San Andros

west of the Queen's
Highway

Red Bays

Nicholl’s Town
Morgan's Bluff



Nicholl’s Town &
the Part of San
Andros east of the
Queen’s Highway

Conch Sound

BARC

North Mastic Point

South Mastic Point

Mars Bay

Deep Creek, Pleasant
Bay, Lite Creek,

Black Point,
Kemp’s Bay,
Johnson Bay,
Smith’s Hill



The Bluff

‘LOCAL CONSTITUENCY AND TOWN SETTLEMENTS
: GOVERNMENT POLLING DIVISIONS AREAS
DISTRICTS

3 ' j

Salvador Constituency Dumfries, Arthur's Town &

Polling Division | Zion Hill

Polling Division 2 Orange Creek

Polling Division 3 Bennett's Harbour, Stevenson,
Industrious Hill, Gaitors, The
Bluff, Wilson Bay, Rokers &
Thurston Hill .

Cat Island, Rum Cay & San

Constituency
Polling Division 13

South Eleuthera Constituency Taspum Bay
2 Polling Division 1

South Eleuthera Constituency | Rock Sound |
_3 Polling Division 2

Polling Division 3

South Eleuthera Constituency Green Castle

Polling Division 4

1 South Eleuthera Constituency Wemyss Bight
-3 Polling Division 5

Polling Division 6
- | Polling Division 7

Polling Division 8

-Exuma Constituency East Exuma
Polling Division 8 .
Polling Division9
Polling Divisions 10 vee
Polling Divisions 11 &14
Polling Division 12

: Polling Division 13
Exuma Constituency West Exuma
Polling Division 4
Polling Division 5
Polling Division 6
Polling Divisions 7 & 15



Salvador Constituency The Bight

Polling Division 4 Cove, Tea Bay, Smith’s Bay

Cw LO Viasat igs “I and Knowles

Polling Division 5 New Bight

Polling Division 6 '] Old Bight

Polling Division 7 Bain Town, Port Howe &
Zonicle Hill

Polling Division 8 McQueen’s & Devil Point

North Eleuthera

Constituency

Polling Division 12. Gregory Town | Gregory Town

North Eleuthera -

Hatchet Bay | Alice Town & Hatchet Bay

Polling Division 14 James Cistern janice Cistern & Rainbow
jay :
count Eleuthera Governor’s ;
Constituen: larbour
Polling Divisions 9 & 10 B Governor’s Harbour
South Eleuthera Palmetto Poir.t
Constituency
Polling Divisions 11412 North & South Palmetto
: Point
South Eleuthera Savannah
Constituency Sound :
Polling Division 13 y Savannah Sound &
Windermere Sound

LOCAL COUNCIL CONSTITUENCY ‘AND . TOWN
GOVERNMENT MEMBERS | POLLING AREAS
DISTRICTS DIVISIONS

Tarpum Bay

Rock Sound
Rock Sound

Green Castle

Wemyss Bight,
Millers & John
Millars

Deep Creek
Waterford

Bannerman Town °

The Forest

Jimmy Hill, Mount
Thompson and
Ramsey

Hermitage, Tar Bay
and Moss Town

George Town, Jolly
Hall & Bahama
Sound

Rolle Town and
Hartswell

Forbes Hill, Williams
Town and Ferry

Barreterre & Ametts
Track

Stuarts Manor, Curtis
& Alexander

Rolleville

Farmer’s Hill &
Gilbert Grant
Steventon. Roker’s
Point, Harts, Ocean
Bight & Calvin Hill





















Citation.

Specification
of number of

Councillors.

Repeal
of S. I. No. 43
of 2008.

THE TRIBUNE

LOCAL COUNCIL | CONSTITUENCY AND TOWN AREAS SETTLEMENTS sity
GOVERNMENT MEMBERS | POLLING
DISTRICTS DIVISIONS

nee



High Rock Constituency Sweeting’s Cay

Polling Division 1

nN

Sweeting’s Cay

3 Polling Division 2 High Rock High Rocl
Polli Sr

olling Division 6 McCleans Town and
Pelican Point
High Rock Constituency

7 a Freetown, Bevans Town,

Polling Division 4 Gambier Point & Gold
Rock Creek

Poiling Division 5 Water Cay

Polling Division 9B Mather Town and Smith's

Point

West End & Bimini
Constituency

Polling Division 1 West End

Polling Division 2 West End

Polling Division 3 West End

West End & Bimini
Constituency

Polling Division 4 Holmes Rock
Polling Division 5 Martin Hill
Polling Division 6

Polling Division 7 Jones Town

Eight Mile Rock Constituency | Eight Mile Rock

Polling Division 6 East Hepbum Town
Polling Division 7 Bartlett Hill
Polling Divisions 8 & 9 Hanna Hill
Polling Divisions 10 & 11 Pinedale
Eight Mile Rock Constituency :
Polling Division 12 Martin Town and Russell
Town
Lucaya Constituency
Polling Division 7B Williams Town & Russell
iams Town
Town
Eight Mile Rock Constituency
Polling Division 13B Hunter's Town and
Mack Town
Eight Mile Rock Constituency
Polling Division 1 Lewis Yard
Polling Division 2 :
Pinder's Point



LOCAL COUNCIL CONSTITUENCY AND | TOWN
GOVERNMENT | MEMBERS POLLING
DISTRICTS DIVISIONS

SETTLEMENTS

Long Island & Ragged Island | North End

Constituency

Polling Division 5 Salt Pond
Polling Division 6 Miller’s and McKanns
Polling Division 7 ,

Polling Division 8

Long Island’ & Ragged Island | Th
Constituency. : . : i
Polling Division 1’ RarhedG 94 isvi a | Py,

Polling Division 2

Polling Division 3

Scrub Hill and Tumbul!

Polling Division 4

“Long Island & Ragged Island
Constituency
Polling Division 10



Made this / 7 ay of \£, , 2008.

Signed:
Hubert A. Ingraham

Minister responsible for Family Island Affairs

THE LOCAL GOVERNMENT ACT
(CHAPTER 37)

THE LOCAL GOVERNMENT (COUNCILLORS)
(THIRD SCHEDULE DISTRICTS) (NO.2) ORDER, 2008

The Minister, in exercise of the powers conferred by section (10) 4 of

the Local Government Act, makes the following Order -

1. | This Order may be cited as the Local Government (Councillors)
(Third Schedule Districts) (No. 2) Order, 2008.

’

2. The population of a local government district specified in the first
column of the Schedule to this Order, shall elect to the District Council for that
district, the respective number of Councillors specified in the fourth columns of that
Schedule in relation to the respective constituencies and polling divisions, islands

and settlements of that district, specified in the second and third columns of that
Schedule.

a

3. The Local Government (Councillors) (Third Schedule Districts) Order,
2008 is hereby repealed.

2
THE TRIBUNE

SCHEDULE

LOCAL CONSTITUENCY AND
GOVERNMENT POLLING DIVISIONS
DISTRICTS

MICAL CONSTITUENCY | ACKLINS

Polling Division 4

Lovely Bay, Chesters, Pine Field and

Anderson

Polling Division 5

Snug Comer, Hard Hill,

Mason Bay

Polling Division 6

Pompey Bay, Spring Point, Delectable Bay,

Morant Bay & Binnacle Hill

Polling Division 7

NORTH ANDROS
CONSITUENCY

Salina Point

BERRY ISLANDS

Bullocks Harbour, Great Harbour Cay, Chub

Cay & Surrounding Cays

BIMINI & CAT CAY

Alice Town, as far North as Clinic

Road, Islands in the Great Isaac Chain

Bailey Town, North of Clinic Road
and as far North as YMCA Road

Bailey Town, as far South as YMCA Road

and as far North as McDonald Road

As far South as McDonald Road and the
Islands of Cat Cay, Gun Cay and all the Islands
and Cays adjacent thereto or associated

therewith including Ocean Cay

BLACK POINT

Polling Division 1

Highboume Cay, Norman's Cay Staniel Cay,

Samson Cay &Rat Cay

Polling Division 2 Black Point

Polling Division 3

EIGHT MILE ROCK
CONSITUENCY

Polling Divisions 3, 4, 5, 13,
14&15

Polling Divisions 3, 7, 8 9A,
10, 11, 12, 13 & 14
LUCAYA

CONSTITUENCY

Polling Divisions 1, 2, 3, 4, 5, 6,
7A, 8, 9, 10,11,12, 13, 14, 15, 16
&17

MARCO CONSTITUENCY
Polling Divisions 1, 2, 3, 4, 5, 6,
7, 8,9, 10, 11, 12, 13 & 14

Polling Divisions 1, 2, 3, 4, 5, 6,
7,8, 9, 10, 11, 12 & 13

LOCAL GOVERNMENT | CONSTITUENCY AND
DISTRICTS POLLING DIVISIONS

MICAL CONSTITUENCY

Polling Division 1A

Polling Division 1B

Farmers Cay & Darby Island

GRAND BAHAMA

CROOKED ISLAND /LONG CAY

Landrail Point

Moss Town, Cripple Hill, Richmond Hill

‘| & Sea View

Polling Division 2
Polling Division 3A
Polling Division 3B

|
1} Polling Division 8

Polling Division 1

NORTH ELEUTHERA
CONSITUENCY

Polling Division |
Polling Division 2
Polling Division 3

South Abaco Constituency
Polling Division 1

Polling Division 2

Polling Division 3

MICAL CONSTITUENCY

Polling Divisions 11 & 12

SOUTH ANDROS
CONSTITUENCY

Polling Division 7

13. MAYAGUANA | MICAL CONSTITUENCY
Polling Division 9
Polling Division 10A

Polling Division 10B

SOUTH ABACO CONSITUENCY
Polling Division 12

Polling Division 11

LONG ISLAND & RAGGED
ISLAND CONSITUENCY

Polling Division 9

CAT ISLAND, RUM CAY & SAN
SALVADOR CONSITUENCY
Polling Division 9

CAT ISLAND, RUM CAY & SAN
SALVADOR CONSTITUENCY

Polling Division 10

Polling Division 11

NORTH ELEUTHERA
CONSTITUENCY
Polling Divisions 4, 5 & 6

Cabbage Hill, Fairfield & Church Grove

Colone! Hill

Thompson Hill, Major Cay , True Blue &

Bullet Hill

Long Cay, Fortune Island

GREEN TURTLE CAY

Green Turtie Cay

GRAND CAY/WALKERS CAY

Grand Cay/Walkers Cay

Guana Cay ©
Man-O-War Cay
Hope Town
MATTHEW TOWN

Matthew Town

MANGROVE CAY

Lisbon Creek, Victoria Point, Blue Hole,
Orange Hill,. Grants, Peats, Dorsett, Swains,

»Pinder

MAYAGUANA
Abraham's Bay
Pirates Well

Betsy Bay

MOORE'S ISLAND
The Bight & Hard Bargin’

NORTH ELEUTHERA
Current

Current Island

The Bluff

Lower Bogue

Upper Bogue

RAGGED ISLAND!
Duncan Town, Ragged Island

RUM CAY

SAN SALVADOR

Cockbum . Town, North
Victoria Hill, Long Bay, Sandy
Point, Sugar Loaf, Halls
Landing

United Estates, Reckley Hill,
Polly Hill

SPANISH WELLS



NO. OF
COUNCILLORS





EE

Citation.

Qualification
of public
officers for
election.

Schedule.
Application of
Order to
District
Council.
Repeal of

S.1. No.

45 of 2008.

Citation.

Specification 2.

of town

areas.

Specification
of number of
committee

members. *

Repeal
of S.I.
No. 44
of 2008.

ue {9." A principal or head teacher of any/school which is wholly

: ;
Made this / 7” day of SL, —, 2008.

Signed:
Hubert A. Ingraham

Minister responsible for Family ‘sland Affairs

vet etes soo EEO CAL GOVERNMENT ACT

(CHAPTER 37)

THE LOCAL GOVERNMENT (QUALIFICATION OF PUBLIC
OFFICERS FOR ELECTION TO TOWN COMMITTEE) (NO.2) ORDER, 2008

The Minister, in exercise of the powers conferred by section 22 (g) of the

Local Government Act, makes the following Order -

1. This Order may be cited as the Local Government (Qualification of Public

Officers for Election to Town Committee) (No. 2) Order, 2008.

2. No public officer specified in the Schedule shall be qualified to stand for

‘election as a member of a town committee.

3. . “The provisions of paragraph 2 shall apply to any District Council as those

provisions apply to a town committee.

4. The Local Government (Qualification of Public Officers for Election t

Town Committee) Order, 2008 is hereby repealed.

SCHEDULE

1.” Permanent Secretary, Under Secretary, Deputy Permanent

Secretary, First Assistant Secretary.

2. Director, Deputy Director, Assistant Director and any other Head of
any Government Ministry or Department not otherwise specified in
~ this Schedule.
3. Any person holding a public office prescribed by the Judicial and
Legal Service (Prescribed Officers) Act.

em ee ee tree ee

“4. Auditor-General, Senior Deputy Auditor-General, Assistant Auditor-

General.
5. '. Treasurer, Deputy Treasurer, Assistant Treasurer.

6. Chief Passport Officer, Deputy Chief Passport Officer, Assistant
Chief Passport Officer.

7. Chief Hospital Administrator, Hospital Administrator.

8. _ Controller of Road Traffic, Senior Deputy Controller. of Road
Traffic, Deputy Controller of Road Traffic, Assistant
i Controller of Road Traffic... 1+” }

mod 3 . \

maintained by the Minister responsible for Education.

10. A customs officer appointed under section 3 of the Customs
- + - Management Act. :

“Hi, An immigration officer appointed under section 7 of the
Immigration Act.

42: An officer in the prison service.
13. A local constable.

14. A district medical officer.

15. A district education officer,

16. A staff member of the Administrator’s Office.

Made this » Tiny of A, 2008.

Signed: -
Hubert A. Ingraham

Minister responsible for Family Island Affairs

THE LOCAL GOVERNMENT ACT
(CHAPTER 37)

THE LOCAL GOVERNMENT (TOWN AREAS AND
TOWN COMMITTEE MEMBERS) (NO. 2) ORDER, 2008

‘soo =" “ThE Minister, in exercise of the powers conferred by sections 5 (1) and

6 (3) of the Local Government Act, makes the following Order -

1. This Order may be cited as the Local Government (Town Areas and

Town Committee Members) (No. 2) Order, 2008.

For the purposes of the Local Government Act, 1996, the Local
Government districts specified in the first column of the Schedule to this Cider,
in relation to the respective constituencies and polling divisions specified in the
second column of that Schedu!s are divided into the town areas respectively set

out in the third column of that Schedule in relation to those districts

3. The population of a polling division, or of more than one polling
division, of a town area specified in the third column of the Schedule to this
_,. Order, comprising-sueh- settlements as may be specified in the fourth column of
that Schedule, shall elect to the town committee for the town area, the respective
number of town committee members specified in the fi

fth column of that
Schedule in relation to that town area,

4. The Local Government (Town Areas and Town Committee Members)

Order, 2008 is hereby repealed.

FRIDAY, JULY 18, 2008 PAGE 9B

ee

sae ee

a: me

a

2 Ae Ae
PAGE 10B, FRIDAY, JULY 18,2008 eats : THE TRIBUNE

SCHEDULE LOCAL CONSTITUENCY TOWN AREAS COMMITTEE
GOVERNMENT AND POLLING MEMBERS
DISTRICTS DIVISIONS ‘







COMMITTEE
MEMBERS













CONSTITUENCY TOWN AREAS SETTLEMENTS
AND POLLING
DIVISIONS
NORTH ABACO
CONSTITUENCY

Polling Division 2

LOCAL
GOVERNMENT
DISTRICTS



8.CENTRAL NORTH ELEUTHI:RA :
ELEUTHERA CONSTITUENCY Gregory Town
Polling Division 12













Crown Haven
Fox Town
Mount Hope

Alice Town &



Hatchet Bay



Polling Division 13 Hatchet Bay








Wood Cay &
Cedar Harbour



Polling Division 3
James Cistern &

Rainbow Bay



James Cistern
Polling Division 14





NORTH ABACO
CONSTITUENCY
Polling Division 4







Coopers Town SOUTH ELEUTHERA | Governor's

CONSTITUENCY Guid are taeied
Polling Divisions 9 & 10 | Harbour i




Polling Division 5



Fire Road &
Blackwood





NORTH ABACO
CONSTITUENCY
Polling Division 6

SOUTH ELEUTHERA :
CONSTITUENCY Palmetto Point | och & South .
Polling Divisions 11 &12 Palmetto Point





SOUTH ELEUTHERA | Savannah
CONSTITUENCY Sound Savannah Sound &
Polling Division 13 Windermere Island








Marsh Harbour
& Spring City

SOUTH ABACO
CONSTITUENCY
Polling Divisions 4, 5 & 6






Marsh Harbour



: ‘SOUTH ELEUTHERA.
9.SOUTH CONSTITUENCY Tarpum Bay

ELEUTHERA Polling Division 1 Tarpum Bay




Polling Division 7




Spring City



NORTH ABACO
CONSTITUENCY
Polling Divisions 9 & 10




SOUTH ELEUTHERA | Rock Sound
CONSTITUENCY , Rock Sound
Polling Divisions 2 & 3





Dundas Town




Murphy Town ;
SOUTH ELEUTHERA
CONSTITUENCY Green Castle

Polling Division 4






Polling Divisions 8 & 11 Murphy Town






Green Castle



SOUTH ABACO Cherokee Sound
CONSTITUENCY

Polling Division 8










SOUTH ELEUTHERA ;
CONSTITUENCY Wemyss Bight

Polling Division 5 Wemyss Bight,
Millers & John
Millars

Cherokee Sound





Casurina Point &

Polling Division 9. -
Nene ante Bahama Palm Shores







Crossing Rock

Polling Division 10° Polling Division 6 Deep Creek




Crossing Rock



Polling Division 7 , Waterford




Sandy Point .




Polling Division 11 Polling Division 8 Bannerman Town



Sandy Point






NORTH ANDROS Mastic Point ©
CONSTITUENCY

Polling Division 7







BARC












Polling Division 9 North Mastic Point



TOWN SETTLEMENTS COMMITTEE
AREAS * | MEMBERS

The Forest







LOCAL CONSTITUENCY AND
GOVERNMENT POLLING DIVISIONS
DISTRICTS

EXUMA

10. EXUMA




South Mastic Point





Polling Division 10
CONSTITUENCY
Polling Division 8





Polling Division 9 Jimmy Hill. Mount Thompson

& Ramsey







LOCAL CONSTITUENCY TOWN ©. 0s 1 SETTLEMENTS COMMITTEE
GOVERNMENT AND POLLING AREAS MEMBERS
DISTRICTS DIVISIONS

NORTH ANDROS Lowe Sound
CONSTITUENCY
Polling Division 1 Lowe Sound
_ | Polling Division 2 : <> | Lowe Sound & a Part of
S Bets San Andros west of the
t s , : Queen's Highway
Polling Division 6 a Red Bays

3
3
1
7

NORTHANDROS | Nicholl’s Town

CONSTITUENCY, Nicholl’s Town

Polling Division 3 Morgan's Bluff

A . Nicholl’s'Town & the
Polling Division 4 Partiof San Andros cast
of the Queen's Highway:
Polling Division J S53), Conch Sound
Ne rani csi oa rapa ;

Hermitage, Tar Bay & Moss
Town



Polling Division 10





George Town, Jolly Hall &
Bahama Sound,
Cottage & Master Harbour

Polling Divisions 1] & 14





—








Polling Division 12



Rolle Town and Hartswell




Forbes Hill, Williams Town, &
Ferry



Polling Division 13






EXUMA
CONSTITUENCY
Polling Division 4









Barreterre & Ametts Track



Stuarts Manor, Curtis &
Alexander

Polling Division 5




Polling Division 6 Rolleville





Farmer’s Hill & Gilbert Grant
Steventon, Roker’s Point,
Harts, Ocean Bight & Calvin
Hill



Polling Divisions 7 & 15







ag tevaws Lee Fy

Na

pete






















































Polling Division 9A Behring Point 1
NES HIGH ROCK ing’
Polling Division 9B ; Cargill Creek & Man- | 11. EAST GRAND | CONSTITUENCY one :
~ O-War Sound Polling Division 1 Sweeting’s Cay
Polling Division 10 Bowen Sound
Lb ae High Rock
Polling Division 2 High Rock
Polling Divisions 11 | Fresh Creek AUTEC, Andros Polling Division 6 McCleans Town and Pelican
&12 ” | Town, Fresh Creek, Point
i Calabash Bay, Small
Hope Bay, Love Hill “ ee Free Town
: aya Polling Division. 4 ~ | Freetown, Bevans Town,
: : Gambier Point & Gold Rock
Creek
NORTH ANDROS, | Staniard Creek faeces
CONSTITUENCY Stafford Creek Pee Wor Cay
Polling Division 1} ‘ :
. Sees hay Blanket Sound ‘ Polling Division 9B Mather Town and Smith’s
Polling Division 12 Point
Polling Division 13 Stantard Creek
je

a ‘ : LOCAL : CONSTITUENCY AND | TOWN AREAS | SETTLEMENTS COMMITTEE ‘
‘ ; Oe é i GOVERNMENT POLLING DIVISIONS MEMBERS
TOWN AREAS COMMITTEE . DISTRICTS
MEMBERS

LOCAL .. | CONSTITUENCY AND .
GOVERNMENT _|’POLLING DIVISIONS 12, WEST GRAND WEST END & BIMINI
DISTRICTS : BAHAMA CONSTITUENCY
. SOUTH ANDROS Polling Division 1
CONSTITUENCY



Polling Division 1 Mars Bay Polling Division 2

Polling Diyision 2A Pleasant Bay Polling Division 3
Polling Division 2B ; Little Creek
WEST END & BIMINI | Eight Mile Rock
CONSTITUENCY West

Polling Division 4 Holmes Rock

Polling Division 2C Deep Creek

Polling Division 5 Martin Hill

SOUTH ANDROS Kemp’s Bay
CONSTITUENCY ‘
Polling Division 3A Black Point

Polling Division 6 Seagrape

Polling Division7 * Jones Town

Polling Division 3B Kemp’s Bay &

Johnson Bay
EIGHT MILE ROCK | Eight Mile Rock
‘

Polling Division 3C Smith’s Hill CONSTITUENCY East
Polling Division 6 Hepbum Town -

Polling Division 4 The Bluff Polling Division 7 Bartlett Hill

SOUTH ANDROS Long Bay Cays

CONSTITUENCY

Polling Division 5A High Rock and
Duncombe Coppice

Polling Divisions 8 & 9 : Hanna Hill

Polling Divisions 10 & 11 Pinedale

Polling Division 5B Long Bay, Long Bay
Cays, Congo Town
and Motion Town

EIGHT MILE ROCK
CONSTITUENCY

Polling Division 12 Martin Town and

Polling Division 6 tafe Driggs Hill Russell Town

7.CAT ISLAND CAT ISLAND, RUM CAY | Arthur's Town Pinder’s Point

& SAN SALVADOR

CONSTITUENCY
Polling Division t Dumfries, Arthur's
Town & Zion Hill

EIGHT MILE ROCK

CONSTITUENCY

Polling Division 13B Hunter’s
Mack Town

Polling Division 2 LUCAYA

CONSTITUENCY

Polling Division 7B Williams Town,
Russell Town

Orange Creek

Polling Division 3 Bennett’s Harbour,
Stevenson,
Industrious Hill,
Gaitors, The Bluff,
Wilson Bay, Rokers
& Thurston Hill

EIGHT MILE ROCK
CONSTITUENCY panera
. ae a

CAT ISLAND, RUM CAY Polling Division |

& SAN SALVADOR

CONSTITUENCY

Polling Division 4 Cove, Tea Bay,
Smith's Bay and
Knowles

Polling Division 2 Pinder’s Point

Polling Division 5 New Bight

Polling Division 6 Old Bight

Polling Division 7
Bain Town, Port Howe
& Zonicle Hill

McQueens & Devil

Point



Polling Division 8
THE TRIBUNE

FRIDAY, JULY 18, 2008, PAGE 11B











LOCAL
GOVERNMENT
DISTRICTS
13. LONG ISLAND LONG ISLAND &
RAGGED ISLAND
CONSTITUENCY
Polling Division $



Polling Division 6

Polling Division 7

Polling Division 8




LONG ISLAND &
RAGGED ISLAND
CONSTITUENCY
Polling Division |







Morrisville, Roses, Hard
Bargain, Bain, Fords,
McKenzie, Mortimers,
Berries, Wood Hill,
Dunmores, Taits, Cabbage
Point & Gordon’s





Clarence Town



Polling Division 2

Deadman’s Cay,
BillyBowe, Buck.cys



Polling Division 10



Cartwrights, Mckenzie,
Mangrove Bush, Pettys,
Hamilton, Benzie Hill,

Scrub Hill and Tumbull

Polling Division 3



The Bigh, Grays & Lower
Deadman's Cay




Polling Division 4

sind tle! 7 day of Swe, 2008.





Signed:
Hubert A. Ingraham

Minister responsible for Family Island Affairs

RCURY

“4 On The Water











Sem Commercial Outboards



Hard Working Mercury SeaPro Omer

From 25 to 75 HP in stock now.

All Sea Pro’s come standard with:

¢ Blackmax aluminum propeller

¢« Mercury six gallon fuel tank

e Mercury one year commercial warranty
Featuring:

e Stronger ignition systems

e Extra heavy-duty gear cases

° Rugged internal components

LIGHTBOURNE MARINE

EAST BAY STREET, NASSAU, BAHAMAS
PH: 393-5285










hin a ee
Tourism needs ‘new life and character’

FROM page one

where the event is being hosted, could expect to
receive between $500-$600 in room revenues per
person, regardless of their personal spending.

If Islands of the World Fashion Week visitors
remained true to Ministry of Tourism data regarding
visitor spending, and spent between $1,000 to $1,100
per person, it is possible the event’s impact may
run into between $1 million to $2 million.

Some four Bahamians - three garments designers
and one accessories designer - are likely to be among
the designers exhibiting at Islands of the World
Fashion Week, with the full slate of designers sched-
uled to be announced in early to mid-August.

The deadline for the submission of designers
names is end-July.

by several TV companies” interested in screening
Islands of the World Fashion Week, including Fash-
ion TV. An Italian TV station was also interested in
covering it.

In addition, a number of print media houses were
also planning to cover the event. Most were fashion
trade publications, but a newspaper in Philadelphia
was also interested in coming to the Bahamas to
feature the event in its lifestyle, fashion and leisure
section.

While the fashion event would be their primary
focus, Mr Bethel said the Ministry of Tourism was
also gearing up to show the visiting media around
Nassau “so they can get to know what the Bahamas
is about”.

“We will certainly get wide coverage from a
tourism perspective,” he added. “The Bahamas will
certainly get a boost from the media coverage



























Mr Bethel said he had “already been approached _ offered the event.”

Stele deh S
Sheraton

hama Island
RR ae a) Le a

GRAND BAHAMA ISLAND
OUR LUCAYA ;

Resort

EXCELLENT CAREER OPPORTUNITIES EXIST FOR
DIRECTOR OF RISK MANAGEMENT

DIRECTOR OF RISK MANAGMENT
The successful candidate for this senior level position will work
oa NAM mde Li Mee cet Tah
agencies and will be responsible for maintaining a proactive
loss prevention program, designed to ensure a safe and secure
environment for hotel guests and employees and will train security
officers and monitor suspicious, harraful and or uniawful activities.

Individual must posses the following minimum requirements:

‘Must be knowledgeable in all security matters and programs
including but not limited to CPR, fire and hurricane preparedness,
evacuation drills, surveillance, safety inspections, etc.

Minimum of five years experience in a managerial capacity within
the security field, preferably at a resort/hotel;

IM Foe ie UE Ce eG me ore Ce Cte)
preferred; Current CPR certification and First Aid training required;
Excellent interpersonal, communication and customer service skills.
Technological proficiency in computer programs, Excel and

iret ceto} am col ae pe

VM iiclaey cast i olaF)| pay and benefits.
Qualified applicants should submit their resumes in writing no later than

July 31%, 2008 to

ourlucayajobs@starwoodhotels.com

The Westin and Sheraton Grand Bahama Island Our Lucaya Resort

Attn: Human Resources Department

P.O. Box F-42500
Freeport, Grand Bahama



WATER & SEWERAGE CORPORATION



PUBLIC NOTICE

TENDER FOR CCTV/SURVEILLANCE SERVICES

The Water and Sewerage Corporation is pleased to invite qualified
companies to submit Tender to upgrade and maintain CCTV equipment for the
Water and Sewerage Corporation.

Interested companies can pick up a set of documents at the Corporation’s Main
Headquarters #87 Thompson for a fee of Fifty dollars ($50.00). A Pre-Bid Tour
of the facilities is scheduled for Wednesday, July 23” at 11:00am. All
completed Bid Documents and supporting information must be sealed and
submitted to the WSC by 11:00 am on Wednesday, July 30" 2008.

Tender are to be sealed in an envelope marked “Tender for
CCTV/Surveillance & Equipment Services” and to include service
replacement and repair of all equipments under warranty, repair of equipments,
and delivered to the attention of.

The General Manager

Water & Sewerage Corporation
Administration Building

No. 87 Thompson Boulevard
P.O. Box N-3905

Nassau, Bahamas

Attention: Mr. Godfrey Sherman
General Manager

Telephone: (242) 302-5504
Please note that the Corporation reserves the right to evaluate each proposal
based on merit and qualifications, and that award will not necessary go to the
lowest bidder. Proposals will be evaluated based on Price, Experience
Qualifications, and Capacity.

The Corporation reserves the right to reject any or all tenders, and /or amend the
scope of works prior to award.

Tender for CCTV Services June 2008








ARE SS aR ewe ~~

we a EMS >

Stee ne Ppa an iris west

SESSA Posteo er ee eee sy

So

PAGE 12B, FRIDAY, JULY 18, 2008

THE TRIBUNE





Tribune Comics





JUDGE PARKER







IT'S THE
LITTLE REP BOOK
BY THE LATE, GREAT
HARVEY PENICK!

LATER, /N THE MARKETPLACE,

ERIC SMILES AS. 0- : 5 /
s y

GEX

aN

SILK IN ALL OF ASIA, GOLD. L
BUT NOT CHEAP... Z

GZ
wy ed :
FZZZA CSE s

iw
BLONDIE

I'VE BEEN THINKING, MR. B... CAN
1 REALLY TRUST MY PARENTS?
THEY KEEP FLIP-FLOPPING ON
IMPORTANT. ISSUES






BACK IN MAY, THEY CUT BACK ON
My_ LUNCH COOKIES TO FUND
THEIR OWN BIG-SPENDING
— SPECIAL INTEREST...













© 2008 by King Features Syndicate, Inc. World Rights reserved

MARVIN

. L KNOW YOU'RE PRETTY
ANGRY WITH ME,BINKY —

..BUT THOPE YOU'RE NOT
PLANNING ON DOING









(©2008 by North America Syndicate, Inc. World rights reserved.

TIGER

TELL HIM TO

WAIT—TILL COME

SEE WHAT KINP
ATIS!

HEY TIGER!

STRIPE'S TRACKING
SOME SORT OF
FUNNY-LOOKING





HAGAR THE HORRIBLE



HOW DO I ADIUST Nf READ IT ON

MY ATTITUDE TO THE PLANE
TO PHOENIX.--

AND LET IT











HAVE YOU BEEN WATCHING A WHOLE
LOT OF TV POLITICAL ADS, ELMO?

[LUCKY FOR
YOU LMA
PACIFIST

ee





CALVIN & HOBBES



1 FORGOT ALL ABOUT MY
TRANSMOGRIFIER GUN! NOW
T HAVE NOTHING TO WORRY

SINK INL





© 1988 Universal Press Syndicate



(02608, NoRTH Anerica Syad~
FIT

PURPOSE,
MY
FRIEND,



“MR.WILSON 1S GOING TO
THE HOSPITAL FOR SOME
TESTS, DENNIS.”

TLL JUST POINT IT AT
MYSELF AND TRANSMOGRIFY /











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





ww. DENNIS THE MENACE. CoM





















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

Difficulty Level w & TNT



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 thé sum





of each vertical block equals the number on its top. No number
may be used in the same block more than’once. The difficulty
level of the Conceptis Kakuro increases from Monday to Sunday.







































“Emil Sutovsky v Sergei

* Dyachkev, Moscow Aeroflot eI

» 2007. Israel’s numberfour. °°”
Sutoysky is a former European
champion, with a big reputation
for imaginative attacks. But the
grandmaster seemed to have i
overreached in today’s diagram,
where the black king is under

©2008 by King Features Syndicate, Inc. World rights reserved.



' Vv a siege but White's b5 bishop is

Oo aie en aoa Ape Ene, OFT ‘et toy menaced by the a6 pawn with
are = KNOW! its retreat barred by Black's

BGS central pawn chain. Sutovsky

had seen further, and his next

turn kept an advantage which

‘©2008 by King Features Syndicate, Inc. World rights reserved.






| ~ CRYPTIC PUZZLE

Across Down
1 Across : 1 Vagrant who needs noth-
1 One’s not proud to have it ing more than a warm | |
(8) place (4)

5 Present source of light? (4) 2 ; ie
9 Note responsibility means

extra money (5) 3

| leave a clergyman in
church (7)
Benefiting from a reduction

10 Customers’ stencil perhaps in the fare? (6,6)
(7) 4 ABriton comes up in alarm
11 Soldiers kept permanently (6)
on their toes? (8,4) 6 Ruler of the waves? (5)
13. They may be all in a quiver 7 One who tries to be a
(6) writer? (8)
14 People count (6): 8 One individual, not one of

a couple (6,6)
Fish | catch in a basket (8)
He reformed under the

17 Only a flesh wound
maybe, but get an injection 12
(4,2,3,3) 15





Down: 2 Inapt, 3 Triple, 4 Relented, 5
Potato, 6 Pickets, 7 Cattle pen, 11
Shoeblack, 13 Resolved, 14 Appoint,
16 Odds-on, 17 Pennon, 19 Opens.

23 Defendant.

Down: 2 Nasty, 3 Wraith, 4 Encircle,
5 Estate, 6 Roughly, 7 What's what,
11 Qut-of-date, 13 Litigate, 14
Inspire, 16 Marked, 17 Offend, 19
Clown.

20° Not one of two or three in influence of spirits (7) Ww Across Down
disorder (7) ~ 16 If people are not to, vaster | J 1 Tae i eps es (4)
: heh es 2 N abou umorous drawing
21 Bail out one that makes redistribution is required N 5 Confront (4) (7)
the headlines (5) (6) 5 9 Ethical significance 3 Aggressive attitude
22 Charge for a ring (4) 18 Architectural a. (5) (12)
23. Girl getting highlight (5) > 10 Sour (7) 4 To journey (6)
in a mess shows ill-temper 19 Father caught in end of ” da eC ACSSO(S)
: ; x (2,4,1,5) 7 To hamper (8)
(8) mattress springs (4) wi 13 Over there (6) 8 Very influential mem-
14 Make possible (6) ber (7,5)
: . 17 Decide against inter- 12 A showy pot plant (8)
Yesterday’s Cryptic Solution Yesterday’s Easy Solution fering (3,4,5) 15 Do good to (7)
20 Amarvel (7 16 Ch itantl
Across: 1 Filter tip, 8 Ouija, 9 Ravioli, Across: 1 Knowledge, 8 Sloth, 9 21 Error of Ne (5) ' ou ete
10 Packet, 11 Stolen, 12 Throttle, 15 Askance, 10 Caught, 11 Oyster, 12 22 Recess (4) 18 Human
Explodes, 18 Oberon, 20 Lloyds, 21 Coleslaw, 15 Ointment, 18 In fact, 23 Person making a will trunk (5)
Avenues, 22 Congo, 23 Neediness. 20 Depart, 21 Make for, 22 Terse, (8) 19 Be afraid of (4)

led to rapid victory, What should
White play?



Pe P|



























































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






























4|7/6]5/2/8]1/9/3

eesiorera Pere me ee
Slsfrsaieey] eam ome 2
CIOS lesa 5/1/21 /8/4 3/2
1/9/5/6/4'7/3/2/8 2/16/4/1|7 BB9 13/1
9/3/7[2|1/6/4/8/5 9/8 3/912 MÂ¥o is
8/5/2|9/3/4/7/116 7 | 98 Mig 8 419/112
719 6/1/8|2



ed adit to COLD suite)

Chess solution 8359: 1 Be8! and if Kxe8 2 Oxq? RIB3
exf6 RI7 4 Oh8+ regains the piece with advantage.
The game ended 1_.QdS 2 BS Nbc6 3 exf6 gxf6 4
Ng5! QaS 5 0-0 £5 6 Oh4 and Black resigned faced
with Nxe5+ and OF6+.



SSS

HOW many words of four letters

The or more can you make from the
Target letters shown here? In making
a word, each letter may be used
uses once only. Each must contain
words in the centre letter and there must
be at least one nine-letter word.
the mala. = No plurals.
body of TODAY'S TARGET
Good 18; very good 27; excellent
Chambers 36 (or more). Solution tomorrow.
alst ee ee i
Ceatury egret engulf flung fulgen
Dictio gene genet genre gent gentle
nary gentler glee glen glue glut
(1989 gluten green greet gruel grunt
oa gulf leger luge luger lung
edition). lunge lunger refuge

REFULGENT regent rung
trug tung urge urgent



Reverse Psychology

East allowed the jack to win, and
West played another diamond. The

South dealer.
Neither side vulnerable.

NORTH queen forced East’s ace, establishing
842 dummy’s king as a trick as South
7 ¥KI75 ruffed.
#KQ3 Declarer now cashed the A-K of
$1063 trumps, discarded a spade on the
WEST EAST king of diamonds and later lost two
A965 #QJ10 spade tricks to make exactly four
¥3 ¥92 hearts.
#31094 @A8762 It would not have mattered had
$5952 $874 West shifted to a different suit at trick
SOUTH two. Declarer could have established
@K73 the diamond trick himself, and the
VÂ¥AQ10864 outcome would have been the same.

@5 East should have realized that

SAKQ declarer’s unusual failure to cover
The bidding: the jack of diamonds was not simply
South West North East an act of charity on South’s part. He
lv Pass 29 Pass should have reasoned that declarer
49 did not want East on lead at trick two

Opening lead — jack of diamonds.

A defender should always be sus-
picious of any abnormal play made
by declarer. Take this case where
South made a good play and East
failed to find the proper response to
It.

South was in four hearts, and
West led the jack of diamonds.
Declarer saw that he might lose the
contract at once if West had the ace
of spades, so instead of making the
normal play of covering the diamond
Jack with the queen, he played the
three from dummy!

because he feared East would shift to
a particular suit. Furthermore, it was
inconceivable that South would duck
the jack with any holding but a sin-
gleton diamond.

East therefore should have over-
taken the jack of diamonds with the
ace and returned the queen of spades:
That would have settled declarer’s
hash very quickly.

East should have reasoned that if
South thought it was good for him
not to have East on lead, then it was
bad for East not to take the lead, and
he should have reacted accordingly.

Tomorrow: Test your play.
2008 King Features Syndicate Inc.
THE TRIBUNE

BAMONT TRUST COMPANY LIMITED

BALANCE SHEET
AS OF DECEMBER 31, 2007
(Expressed in United States dollars)

2007 . 2006
(As restated)
ASSETS
Cash and cash equivalents $ 1,857,528 $ 2,391,950.
Prepaid expenses 57,652 71,540
Accounts receivable, net (Notes 4 and 7) 728,312 229,937
Fixed assets, net (Note 5) ___ 53,131 __ 84,836
TOTAL $ 2,696,623 $ 2,778,263
LIABILITIES AND EQUITY
LIABILITIES:
Accounts payable and accrued expenses (Note 9) $58,598 $ 61,012
EQUITY:
Share capital:
Authorized, issued and fully paid:
30,000 voting A Shares of $1 each 30,000 30,000
1,970,000 non-voting B Shares of $1 each 1,970,000 1,970,000
Retained earnings 638,025 717,251
Total equity 2,638,025 _ 2,717,251
TOTAL $ 2,696,623 $ 2,778,263

See notes to balance sheet.



The balance sheet was ap

ed by the Board of Directors on June 13, 2008 and is signed on its
behalf by: . :



Director



Director

NOTES TO BALANCE SHEET
DECEMBER 31, 2007

1. GENERAL

Bamont Trust Company Limited (the “Company”) was incorporated on August 25, 1998 in
The Commonwealth of The Bahamas under the Companies Act, 1992. The Company was
granted a restricted trust licence on November 26, 1998, to act as trustee on behalf of the
Stephan Schmidheiny Family and commenced operations on December 1, 1998. The
Company’s main meee is the management of trusts and investment companies.

The registered office of the Company is located at the Bahamas Financial Centre, Shirley and
Charlotte Streets, Nassau, Bahamas.

2. ADOPTION OF NEW AND REVISED INTERNATIONAL FINANCIAL REPORTING
STANDARDS AND INTERPRETATIONS

In the current year, the Company has adopted all of the new and revised Standards and
Interpretations issued by the LASB and the International Financial Reporting Interpretations
Committee (IFRIC) of the IASB that are rélevant to its operations and effective for accounting
periods beginning on January 1, 2007.

Standards and Interpretations effective in the current period: -

In the current year, the Company has adopted IFRS 7 Financial Instruments: Disclosures,
which is effective for annual reporting periods beginning on or after January 1, 2007, and the
conscquential amendments to LAS | Presentation of Financial Statements.

The impact of the adoption of IFRS 7 and the changes to LAS | has been to expand the
disclosures provided in this balance sheet regarding the Company’s financial instruments and
management of capital.

3. SIGNIFICANT ACCOUNTING POLICIES

Statement of compliance - This balance sheet has been prepared in accordance with
International Financial Reporting Standards. The preparation of the balance sheet in
conformity with International Financial. Reporting Standards requires management to make
estimates and assumptions that affect the reported amounts of assets and liabilities and
disclosure of contingent assets and liabilities at the date of the balance sheet. Actual results
vould differ from those estimates.

Basis of preparation - This balance'sheet has been prepared on the historical cost basis.

The following is a summary of the significant accounting policies:

a. Fixed assets - Fixed assets, with the exception of paintings on which no depreciation is
charged, are stated at cost less accumulated depreciation, amortization and any

impairment. Depreciation and amortization is charged on a straight line basis at the
following annual rates:

Office furniture 20%
Office equipment : 33.33%
Leasehold improvements Over lease term
Motor vehicle 33.33%

Software 33.33%

b. Foreign currency translation - All amounts {n this balance sheet are expressed in
United States dollars. Assets and liabilities denominated in currencies other than United
States dollars are translated at the rate of exchange ruling at the balance sheet date.

c. . Assets under administration - Assets held by the Company as trustee are not reflected in
this balance sheet.

d. Related parties - Related parties consist of sharcholders and directors of the Company
and other entities controlled by these parties. Related parties include directors and
officers of the Company, who are considered members of key management, and who are
persons who have authority for planning, directing and controlling the Company.

€. Accounts receivable, net - Accounts receivable are carried net of provisions for bad
debt. The allowance is reviewed periodically and adjusted to reflect any impairment in
the carrying value of such receivables.

ck Cash and cash equivalents - Cash and cash equivalents is represented by cash and
deposits with banks.

g. Impairment - Fixed assets and accounts receivable are reviewed for impairment
whenever events or changes in circumstances indicate that the carrying amount of an
asset exceeds its recoverable amount.

Management reviewed its fixed assets and receivables and concluded that they were
impaired (2006: Nil). .

4. ACCOUNTS RECEIVABLE, NET

Accounts receivable, net is as follows:

2007 2006
Accounts receivable $ 728,312 $ 229,937

There is no provision for bad debt (2006: Nil) as all balances are deemed collectible.



FRIDAY, JULY: 18, 2008, PAGE 138

FIXED ASSETS, NET
The movement of fixed assets during the year is as follows:

Office Office Leasehold Motor
Paintings furniture equipment improvements vehicle Software Tota!











COST: a
Balance at December 31, 2005 $ 20,665 $ 89,302 $ 43,177 $ 85,631 $° 14.710 $ 275 $ 253,760
Additions bin ie eS - ___ 4.946 : th = 4,946
Balance at December 31, 2006 20.665 89,302 48,123 85.631 14,710 275 258,706
Additions ; - 1,336 6,480 - - - 7,816
Transfer in ee 2698 es 2693
Balance at December 31, 2007 $ 20,665 $ 90,638 $ 57,296 $ 85,631 $ 14,710 $ 275 $ 269,215
ACCUMULATED

DEPRECIATION

AND AMORTIZATION:
Balance at December 31, 2005 "S$ - $ 62,673 $ 38,149 $ 29.785 $ 4,903 $ 69 $ 135,579
Depreciation and amortization 7162 3,795 22,339 4.9038 92 38,291
Balance at December 31, 2006 -, 69.835 41,944 52,124 . 9,806 161 173.870
Depreciation and amortization : - 7.002 5,186 22,339 4,903 9) 39.521
Transfer in . ~ Joe 2,693 = : 2 2,693
Balance at December 31, 2007 $ . _- $ 76,837 $ 49,823 $ 74,463 $ 14,709 $ 252 $ 216,084
2007 Net Movement $ 20,665 $ 13,801 $ 7473 $- 11,168 $ 1 $ 23 $ 53,131
2006 Net Mavement — $ 20,665 $ 19.467 $ 6,179 $ 33,507 § 4,904 $ 114 $84,836

6. DIVIDENDS

By Board resolution dated November 21, 2007,.a dividend of $80,039 or $0.04 per share was
declared and paid.

7. RELATED PARTY BALANCE

2007. 2006
Accounts receivable - | $ 722,075 $ 223,369

8. COMMITMENTS UNDER OPERATING LEASE

The Company has entered into a lease agreement for its office premises dated September 1,
2004, and expiring June 30, 2008. The lease provides for yearly rent payments plus a share of
certain costs. Future minimum rent payments under the lease are as follows: ’

2007 | 2006

Due within one year ‘ $ 41,377 $ 82,755

Due after one year hte to 41,377

$_41377 $_124,132

9. PRIOR PERIOD ADJUSTMENT

During the year the Company incurred expenses in the amount of $21,550 which relate to prior
years.

In accordance with International Accounting Standard 8, Accounting Policies, Changes in
Accounting Estimates and Errors; the Company’s balance sheet is pens, restated. A summary
of the restatement is as follows:

Effect on
2006

Increase in accounts payable and accrued expenses | $21,550
Increase in other costs : $__15,550

Decrease in beginning retained earnings $ 6,000.

410...FAIR VALUE OF FINANCIAL INSTRUMENTS:

The estimated fair value represents values which financial instruments could be exchanged for
in a cufrent transaction between willing parties. Where there is no available. trading market,
fair values are estimated using appropriate valuation methods.

Fair value of financial instruments carried in the balance sheet arc assumed to approximate
their carrying values due to their short term maturity and liquidity.

\

11. RISK MANAGEMENT
The Company is subject to the following risks: ~

Credit risk - Credit risk arises from the failure of counterparties to perform according to the
terms contract. From this perspective, the Company’s credit risk. exposure is primarily
concentrated in its deposits and its accounts receivable. The Company manages this risk by
placing its deposits with a high- aualty financial institution and its accounts receivable are due.
from related a,

Liquidity risk - Liquidity risk reflects the risk that the Company will not be able to meet an
obligation when it becomes due. The Company’s approach to liquidity management is to
cnsurc, as far as possible, that it will always have sufficient liquidity to meet its liabilities
when duc. In this regard, the budget is reviewed quarterly to ensure that cash is readily
available to meet the company’s obligations.

Capital risk management - The capital structure of the Company consists of cash and cash
equivalents and cquity attributable to equity holders comprising issued capital and retained
earnings. The Company manages its capital to ensure that the Company will be able to
" continue as a going concern while maximizing the return to stakeholders. ‘The Company’s
overall strategy remains unchanged from 2006. i :

Deloitte

Delonte & Touche

Chartered Accountants

and Management Consultants
2nd Terrace, Centreville

P.O. Box N-7120

Nassau, Bahamas

Te!: + 1 (242) 302-4800
Fax: +1 (242) 322-3101
http://www.deloitte.com.bs

°

INDEPENDENT AUDITORS’ REPORT

To the Sharcholders of
Bamont Trust Company Limited:

We have audited the balance sheet of Bamont Trust Company Limited (the “Company”) as of
December 31, 2007. This balance sheet is the responsibility of the Bank’s management. Our
responsibility is to express an opinion on this balance sheet based on our audit.

We conducted our audit in accordance with International Standards on Auditing. Those Standards
require that we plan and perform the audit to obtain reasonable assurance about whether the balance
sheet is free of material misstatement. An audit includes examining, on a test basis, evidence
supporting the amounts and disclosures in the balance sheet. An audit also includes assessing the
accounting principles used and significant estimates made by management, as well as evaluating the
overall presentation of the balance sheet. We believe that our audit provides a reasonable basis for
our opinion.

In our opinion, the balance sheet presents fairly, in all material respects, the financial position of the
Company as at December 31, 2007, in accordance with International Financial Reporting Standards,

Without qualifying our opinion, we emphasize that the balance sheet does not comprise a complete
set of financial statements in accordance with International Financial Reporting Standards.
Information on results of operations, cash flows and changes in cquity is necessary to obtain a
complete understanding of the financial position, performance and changes in financial position of
the Bank.

/
polite ¢ Tout’
June 13, 2008

A member firm of
Deloitte Touche Tohmatsu
PAGE 14B, FRIDAY, JULY 18, 2008 — | THE TRIBUNE



FRIDAY EVENING . JULY 18, 2008

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