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


TRIATHLON
MeCOMBO

HIGH
LOW






JASON JACKSON was fatally
stabbed in the early hours of
Sunday. morning.

23-year-old
succumbs
to injuries
after fight
outside of
nightclub

By MEGAN REYNOLDS
Tribune Staff Reporter

A 23-YEAR-OLD) man was
fatally stabbed outside: Cocktails
and Dreams nightclub on Sunday
morning and died in hospital
hours later.

Mechanic Jason Jackson, of
Newbold Street, off Market
Street, Nassau, had been out with
his friends and cousins ‘when he
got into a fight with someone
inside the club, which escalated
in the club car park.

SEE page 13 |

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The Tribune

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BAHAMAS EDITION

THESE YOUNGSTERS make the most of the fast day of the summer ‘holidays by enjoying themselves at the

MONDAY, SEPTEMBER 1, 2008

beach yesterday. Students across the Bahamas will be setting off for the first day of the term today.

Woman suffers ‘attack, hold Up PSs

and attempted rape’ at home

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

FREEPORT - A Freeport
woman was‘attacked and held up
in her home by a male intruder

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- who had|attempted to rape her,

according to police reports.
The incident occurred just
before 6pm on Saturday in the

' Grasmere Subdivision.

Although a number of police
units were dispatched to the area,
the culprit managed to escape into
the bushes with the woman’s
purse. |
Chief Superintendent Basil
Rahming reported that a 50-year-
old woman resident of Grasmere
Subdivision, arrived home at
5.49pm and met a man stealing
items inside her house.

“The culprit struck the woman
in the head and grabbed hold of
her, while ordering her to take off

SEE page 14

Please note that, due to the
Labour Day holiday in the US,
there will he no US Toray

section in today's Tribune. .
The USA Today section of the
paper will return tomorrow. -



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

FREEPORT - Masked men
blasted their way into a Grand
Bahama bar on Friday evening,
robbing its occupants.

According to police reports,
gunmen shot out the front-glass
door at the Sand Bar in Math-
er Town and robbed the estab-
lishment of an undetermined
amount of cash.

Chief Supt Basil Rahming,
press liaison officer, said the
incident occurred around
11.45pm on Friday.

The bar manager and anoth-
er employee told officers that
the masked men, armed with a
shotgun approached the front

SEE page 13



Felipé Major/Tribune staff





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li By MEGAN REYNOLDS
Tribune Staff Reporter

TROPICAL storm Hanna is expected to:cause heavy rain and flooding
in the central Bahamas today, and hit the northwest islands with the full force
of a category one hurricane on Wednesday or Thursday.

However, meteorologists in the Bahamas and the United States are
having trouble identifying a clear path for the storm as it was 150 miles north
east of Grand Turk island yesterday afternoon, moving west at eight to 12
mph with 45 mph winds.

The National Emergency Management Agency (NEMA) issued a warn-
ing to islands in the central Bahamas yesterday, saying Cat Island, San Sal-
vador, Ragged Island, Exuma and Long Island were at-risk of impact from

- the gathering storm predicted to hit between 5am and 7am this morning.

An Acuweather meteorologist based in Florida; USA, said the storm

SEE page 14 :
Bahamians despairing.
over high electricity bills



AVERAGE Bahamians are
despairing over high electricity bills
and fear that they will soon be
unable to pay the Bahamas Elec-
tricity Corporation.

At a time when the work weeks
of many Bahamians are being cut
short due to a sluggish economy
and people are finding themselves
with less disposable income, BEC
prices are “soaring through the
roof.”

A Cable Beach resident, who
wished to remain anonymous, told
The Tribune that although she lives
by herself, her monthly BEC bill is
over $800.

.“T’m paying $320 for the actual
fuel, the actual electricity, but $487
for the fuel surcharge. How am I

supposed to pay that, I can’t. pay

this. What the devil to these people

SEE page 14

Shane Gibson backs —
action by BTC workers

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

EXPRESSING support for the action
taken by BTC workers, former Minister
of Labour Shane Gibson said Govern-
ment and BTC must not sanction union
members for “reacting to an injustice.”

Speaking on behaif of the PLP on the
matter, MP Mr Gibson — who has been
both a trade union leader and a politi-
cian with responsibility for labour — said
that BTC should not punish the workers

SEE page} 13

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“He said he
has lost |
everything but
the clothes on
his back.”

INSIGHT

For the stories behind the
news, read Insight
on Mondays



Eye witness:

‘friend as his

A DISTRAUGHT resident
had to be restrained by his
ouse was
destroyed by fire yesterday.

Friends of the owner, who
shares his Taylor Street home,
off Market Street, with his
mother, said he came home
to find the house on fire at
around 4.40pm. |

Residents of the area lined -

the street and watched as

smoke poured from every |

window and the roof when fire

UN UR

crews arrived in three engines
at around 5pm.

It is not known how the fire
started in the back room of
the house, but the owner of
the house shouted suspicions

Owner suspects arson
-in Taylor Street blaze

THE TRIBUNE










Felipé Major/T ribune staff

that it was an arson attack.
An eyewitness said: “He

' said he has lost everything but
_the clothes on his back.

“He said someone had tried «

- to burn him up.”








Renewable Energy Firms wishing to prewar prot shal be eed obit
compreteenive pn

Requests for 5 reaucifcaon Gocstmats or any other information may be made: byemsing:
rte@bahtamaselectricity.com

All proposal docwiloude must be prepared im \ English and! every aed odie for the: prequalifica-
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the Bahamas and BS50 if applying fronm withim the Balamas:. Documents may be sent'by elec:
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Kevin Bassler,

P.O. Box N-7509, Nassou, Bahamas.
Tels +1(242)} 302-1000 / Fax: +1(242) 323-68






Attn: Renewable Technolagies Committee (RTC)
E-Mail: rfc@Bahamaselectricity.com

label! Envelope

The Corporation reserves the right fo reject any or alll proposals. All decisions made by the
corporation willl be final.




Two GB men found guilty of

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

i) FREEPORT - Two Grand Bahama men have
,xbeen found guilty in\the Supreme Court of the
. murder of Terrence, Bowles, who was shot to _— er.
death in the ghetto in 2005.
The guilty verdict was handed down by a jury of
eight women and four men against Damien Stu-
art and Jamaal Pernell Lewis on Friday.
The two men were accused of killing Bowles —..
_ shooting him four times — in an argument over
some counterfeit money he is said to have given

| Terrence Bowles murder

his cousin to buy deus from the two men.
According to court evidence, the accused men
sold drugs in the ghetto in Freeport.

Bowles: was:shot dead on August 26, 2005, at
|. Weddell Avenue, Freeport.
It is alleged that Stuart and Lewis acted togeth-

Justice Vera Watkins presided over the trial.

Prosecutor Sandra Dee Gardiner and Erica Kemp
appeared on behalf of the Crown.
Carlson Shurland represented Lewis, and Paul
Wallace Whitfield represented Stuart. :
* Sentencing for both men was postponed, pend-
ing the outcome of a probation report.

Conference to focus on solutions to the
food security dilemma facing Bahamas

Solutions to the food security

dilemma facing the Bahamas
will be the focus of a three-day
conference set to be held next
year.

Ministry of. Agriculture plan-
ners hope the second Bahamas
Agricultural, Marine and

Agribusiness Expo will attract |

more young people. into the

agribusiness sector, and create —
‘new opportunities for those

already in the business of food
production. |

In the process, the event is
intended to play a part in reduc-
ing Bahamians’ traditional
reliance on food imports.

Farmers and animal breeders

throughout the islands are
already preparing for the event.

Hosted by the Ministry of
Agriculture and Marine
Resources and Bahamas Agri-
cultural and Industrial | Corpo-
ration (BAIC), the expo’s
theme is “Improving food secu-

rity. ”

“This thrust is to promote
agribusiness initiatives will
attract foreign investors to part-
ner with local entrepreneurs as
well as encourage import sub-
stitutions,” said a spokesperson
from the ministry.

“The Ministry is committed
to strengthening agribusiness in
the Bahamas and to position
this industry as a fundarhental
pillar of our economy.” |

The three-day national event
will be held on February 26 next
year at New Providence’s Glad-
stone Road Agricultural Cen-
tre.

It will bring together vegeta-
bles, root crops, fruits, and!orna-

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mental plant producers; food
and drink manufacturers; live-
stock breeders; and marine

resource harvesters in friendly -

competition to heighten. the
public’s awareness of the wide
variety and high quality of
Bahamian-produced commodi-

ties. It is intended to expose -

entrepreneurs, students and
interested persons to innova-

tive agricultural strategies, best’

practices and agricultural

_ demonstrations..--~—. ...

Greenhouse technique,
hydroponic systems, propaga-
tion and hybridization methods
also will be featured.

There will be seminars and
discussions to identify and prof-
fer possible solutions to the
challenges confronting food
production’ and how the
Bahamas can attain a greater
degree of food security.

“Tn light of the food security
issues around the world where
food exporting countries have
significantly reduced their
exports or have exported at
exorbitant prices it is impera-
tive that we begin to introspec-
tively examine the issue of rea-
sonable food security,” said the
ministry.

The Government hopes the
expo will prove to be an excel-
lent orientation for new and
mature’ farmers and other
agribusiness persons concerned

about product quality and stan-
dards.

With market access a major
concern of produce's, it is
expected that as a result of the
exhibition, contacts will be

’ made with buyers from the hos-

pitality industry, wholesalers
and retailers.

The Ministry is looking to tar-
get potential young farmers,
especially those in junior and

’ senior high schools.

“We want to attract hard-
working and committed young
persons who can function com-
pétitively in local industries
while adhering to global health
safety and quality standards,”
said the ministry.

“The exposure of students to
the various activities should
begin the process-of creating a
sustainable and dynamic cadre
of young people who will take’
up the mantle of food produc-
tion and processing and other
agribusiness endeavours for
future generations of Bahami-
ans. BAIC is working in part-
nership with the Ministry ‘of:
Education will provide students
and teachers involved in agri-
cultural and home economic
studies, practical experience,
cutting edge techniques, and
strategies that will enhance their
knowledge, and stimulate and
solidify their aspirations within
the agricultural sector.

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THE TRIBUNE

MONDAY, SEPTEMBER 1, 2008, PAGE 3





FOCUS ON EDUCATION

RAISING THE



Move to hire
new maths
teachers from
Bahamas and
overseas

THE Ministry of Educa-
tion has been mandated to
vigorously attempt to hire
new mathematics teachers
from the Bahamas and
abroad in an effort to
improve student perfor-
mance in this area, said Edu-
cation Minister Carl Bethel.

“There is a need to recruit
more trained Mathematics
teachers,” said Mr Bethel in
an address marking the start
of the new school year.

“We believe this effort will.

enhance our existing pro-
grammes and ultimately, stu-
dent performance and

national examination
scores.’

According to the Minister,
the Government will be
looking for Bahamians first,
but also to the United States,
Canada and Great Britain
for potential recruits.

Parents urged to
take advantage
of After School
Programme

THE Government encour-
ages all parents who think
their children are not per-
forming at their best at
school to enrol them in the
new After School Pro-
gramme being offered at all
schools this year.

Last year more than 1,200
students participated in a
pilot version of the pro-
gramme. and Minister of
Education Carl Bethel said
yesterday that he believes it
contributed to the slight
improvement in the BJC and

BGCSE results, and on read-

ing scores and outcomes in
primary schools.

Mr Bethel said the After
School Programme of Study
Halls, and Homework Cen-.
tres, which “provided safe
after school programmes and
additional instruction, as
well as the provision of a
healthy snack, helped to
keep those children who par-
ticipated ‘off the streets’ dur-
ing the dangerous and large-
ly unsupervised hours
between 3.30 and 5.30 p.m.”

During his address to mark
the beginning of the school
year, Mr Bethel invited par-
ents to “renew (their) com-
mitment to (their) child’s
learning” generally becom-
ing more involved with their
child’s school and encourag-
ing their children to develop
healthy study and dietary
habits.”

“Both contribute enor-
mously to the development
of people and our nation,”
he said.

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.

FOR 3 IN 1-AWN SERVICE
Fertilizer, Fungicide,
Pest Control
Tropical Exterminators

322-2157



Education

LOCAL NEWS



ma Education Minister outlines programmes
to improve student performance

ga Greater emphasis to be put on literacy
and numeracy at primary level

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

AFTER spending more
than $7 million on summer
school repairs, Minister of
Education Carl Bethel said
51,000 children will enter gov-

ernment maintained schools ©

today in which there is to be a
renewed emphasis on certain
subjects deemed key to their
development.

Joining them will be.166
new teachers, and a further
25,500 students who will enter
private schools.

“The global economy of the
21st century, of which The
Bahamas is an integral: part,
is an economy dependent on
technology, innovation, infor-
mation and technical skills.
This is the world we have to
prepare our students to com-
pete in,” Mr Bethel said in an
address yesterday.

“The education of our chil-
dren is our greatest national
responsibility. It matters to all.
The effect of any failure can
cause our citizens to pay a
huge economic and social
price.”

Mr Bethel laid out the
strategies that have been
implemented over the last

year and which will get under-.

way this year to improve stu-
dent performance.
These. include placing

. greater emphasis on literacy

and numeracy at the primary
level, while at the secondary
level focusing on Mathemat-
ics, Sciences, literacy and
career and technical educa-
tion.

“Key changes in the instruc-
tional programme include the
ongoing revision of the cur-
riculum and a shift from con-
tent based instruction and a
teacher centred approach (col-








ment to delay its opening.











STUDENTS of the new South Western
New Providence High School will have 1
week’s extra vacation after architectural
flaws discovered on Friday forced Govern-

“Although the school building itself is sub-
stantially complete, last minute flaws dis-
covered in the original architectural plan
and other deficiencies, have led to Change
Orders and delays in completion, which will
require a short delay in the opening of the
new school for a period of one week,” said a
Ministry of Education release.

It added: “This short delay in the opening
of the new high school in New Providence is
in the best interests of the comfort of stu-.
dents and the efficiency of service of teach- ©
ers and school administrators, who need
additional time to prepare their classrooms,
and to ensure that the school provides an
atmosphere that is conducive to learning.”

Carl Bethel

“The education
of our children
is our aegie
national

resporisibili









loquially called “chalk and
talk”) to the application of
skills to student learning and
the development of critical
thinking and problem solving
abilities,” said Mr Bethel.
Meanwhile, emphasis also
will be placed on getting the
business community involved
by asking them to provide
expanded on-the-job training
opportunities to students.
Troubled and disruptive stu-
dents will continue to be
involved in the new Transi-
tional Alternative Programme
for Students.(TAPS), said Mr
Bethel, which it is hoped will
“Gdentify and remove students
who are at risk for violence
and place them into alterna-
tive settings where they can
receive therapeutic treatment,

Architectural flaws delay school opening

C.H. Reevés.

10th at 9am.



Education Minister Carl Bethel announced
tie delay in a televised address on Friday
evening. He also declared over the week-
end that the school is to be named after late
educator Anatol Rodgers, the daughter of

Orientation for 7th graders will now be
held on Monday, September 8, at 9am, while -
eighth graders should report to school the
following day at the same time, tenth graders
should come in on Wednesday, September

counseling as well as academ-.

ic, vocational and technical
programmes designed by

' experts and specialists to help

to modify their behaviour.”
And by offering teachers in
New Providence and the Fam-
ily Islands more professional
development courses it is
hoped their contribution to
their student’s growth will

increase, ». a
According to the ‘Minister, ne
:826 students have qualified to

enter the College of The

' Bahamas this year with Gov-

ernment bursaries that will
pay the full costs of their
tuition.

In addition, the government

for COB to

schools are opening — the
South West New Providence

St George’: ‘si high! schoolin
Freeport.

These will help reduce lass
sizes elsewhere, thereby con-

tributing to learning, said the

minister.

Meanwhile, “Magnet” pro- -

grammes will also get under-
way for the first time at vari-
ous schools, offering students
the chance to study specialised
subjects such as building
trades, nautical science, agri-
cultural studies or photogra-

phy and audio visual technol-

ogy.
“T wish to assure parents,
students and the public that
every care has been taken by
my Ministry to prepare for this
academic year, and to imple-
ment plans and initiatives for
the further development of
education in The Bahamas,”
said Mr Bethel.



Meanwhile, teachers and. other staff will!
still report to ‘the new campus today. |

The release did not. state when ninth
graders should report for orientation, and
The Tribune was unsuccessful in obtaining
clarification up to press time.

According to the ministry, all other public
schools will open today for the start of the
new school year.





has provided a million dollars. ;
help

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PAGE 4, MONDAY, SEPTEMBER 1, 2008

THE TRIBUNE





The Tribune Limited

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

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

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

EDITORIAL/LETTERS TO THE EDITOR

Senator
should back

Publisher/Editor 1919-1972
Contributing Editor 1972-1991

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




Published Daily Monday to Saturday
Shirley Street, P.O. Box N-3207, Nassau, Bahamas

Publisher/Editor 1972-

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 .



Don’t play cute with the public

PUBLIC Officers Union President Robert
Farquharson ‘has vowed that his union would
respond “aggressively” if Bahamas Telecom-
munications Company’s board takes steps to
punish employees who walked off their jobs

and blocked downtown Nassau on August 11 -

and Port Lucaya, Freeport, the following day.

BTC executive chairman Julian Francis has
said the board’s position is that workers who
were absent. from work without permission
“would have to be sanctioned in some way.”

Elaborating, he said the sanctions “could be
deductions or suspensions in the case of maybe
the more difficult cases — meaning the per-
sons who were driving the trucks and blocking
the streets and that sort of thing.” :

In other words the board has decided in

principle that there has to be punishment, but it. -

has neither determined the punishment nor
who is to be punished.

Mr Francis is a sensible man, and unlike Mr
Farquharson, thinks before he speaks or acts.
No one is suggesting that he will go outside the
union’s industrial agreement, but he will prob-
ably find that the agreement the BTC board
has with the union is such a wet rag that unions
can do almost anything and get away with it.

This is wrong and shows that government
» should immediately take the Trade Union and
Labours Relations Bill off the shelf, where it was
tucked away in 2001, and-have-it debated in
the House as.a replacement for.the Industrial
Relations Act. My WAP
At least it will define legal industrial action,
and provide clear penalties for lawbreakers. *
_ For too many years governments have said
“let’s put this aside and move forward as a
country.” °
And for too many years unionists have taken
this as a sign of weakness and have become
more brazen in their disregard of the law and
the rights of the Bahamian public.

BTC has an industrial agreement with the
union. If this agreement gives a union the right
to do what happened on August 11 and 12, then
it does not have the approval of the much
abused public.

It is this public that demands that there be
sanctions. : ;
- And, as everyone is getting so conscience
about sitting on boards, then maybe a respect-
ed businessman representing the public should
in future have a place on whatever public cor-
poration board negotiates a contract with a
union.

According to John Pinder, president of the
National Congress of Trade Unions, only the

Supreme Court or the Industrial Tribunal can




decide whether or not a trade union is illegal.

He considered the remarks about sanctions
“fnsulting and a threat to the trade union move-
ment.” ‘

He explained that the disruption created in
Nassau and Freeport was “simply an act of a
number of staffers of BTC heading in the same
direction on their entitled lunch hour.”

You know it is irritating when so-called intel-

ligent people try to play cute with the public.
'- Mr Pinder glibly talks about a lunch hour, .

presumably meaning that the workers took off
one hour, then returned to work. This is not
true. :

Some staff started to wander from their
offices before 11am. Some didn’t return at all,

. others didn’t stroll back until around 3pm.

According to BTC executive vice president
Kirk Griffin both management and non-man-
agement staff were called to a union meeting
Monday morning (August 11) and told that
they “should be prepared” to be out for the
rest of the week. Mr Griffin, who had no prior
warning, said this resulted'in the “closure of
BTC offices in New Providence and the sus-
pension of scheduled repairs:and installations.”

Is this what happens, Mr Pinder, when BTC
staffers head “in the same direction on their
entitled lunch hour?” Please don’t insult our
intelligence.

Mr Griffin called the strike illegal. This was
confirmed to reporters by BCPMU president

-. Claude Hanna who admitted that his and Mr
Farquharson’s union had “no approval”: for .

their action.

As for Freeport, Mr Robert Farquharson
bragged that-after the blockade brought every-,
thing to a-halt, operations at BTC offices on
that island did not resume until the afternoon
hours and then it was not business as usual.

No, it was not business as usual.4

Mr Hanna claimed that about 600 employees
participated — not Mr Pinder’s handful who
took a stroll in the same direction — and
bragged that the move had “shut down” BTC
operations.

And Mr Farquharson at the end of the day in.

’ Nassau told workers to go back to their work-

place and if anybody asked them to do any-
thing, “say ‘Uh-uh!’” And they ‘uh-uhed’ until
Mr Justice Lyons read the riot act and ordered
them back to work. When the judge lifted the
order, he made it clear that he would reinstate
the injunction if the unions attempted any future
illegal work stoppage. We would suggest to
Mr Farquharson that he-take a deep breath
and start thinking for a change before attempt-
ing any more “aggressive action.”







action to stop
loud music

EDITOR, The Tribune.

I WAS astonished to read of
comments made by Senator
Tanya Wright (The Tribune —
Business section, August 20,
2008) who stated “that she was
disheartened by the recent clo-
sures and license suspensions
for bars and restaurants play-
ing music too loudly and called
for the Licensing Board to
desist in acting in a draconian
manner.”

How can an intelligent and
educated lady make such a pre-
posterous statement?

I can only assume that she
has been fed information with-

. out undertaking appropriate

research.

To support an action of this’

type only contributes to the
breakdown of the social fabric
of The Bahamas.

It should be noted and

emphasised that the, Licensing

Board does not object to the
playing of music within the

premises of bars and restaurants ~

and thus it cannot be said that
the livelihoods of operators in
these challenging economic
times are at risk.

Furthermore, Madam Sena-
tor, you will find that the public
at large does not have any diffi-
culty with the granting or
renewal of such licenses.

The real problem is

' “deemed” to be playing music

too loudly to the point that it
becomes intrusive to residents
in the vicinity.

Believe me it is not a matter
that is “deemed” to be the case
— it is a matter of fact.

These offensive operators
play amplified music at obscene
volumes quite often with throb-

EDITOR, The Tribune.

REMEMBER the old state-
ment — slow as an old poke?
Well the Bahamas Postal Ser-
vices are precisely that and get-
ting worse every day.

Just why should a letter, post-
ed at the General Post Office
take 10-18 days to be sorted and
delivered to a Post Box at the
General Post Office?

This bad service in sorting
mail is now costing customers
money as certain credit cards
have increased their late pay-

Don Stainton (Protection) Ltd.
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ayes

letters@tribunemedia.net



bing base notes booming late

. into the night. I know this to be

a fact, because it is something I
have had to contend with on a
continuing basis for the past
several years.

This is the first Licensing
Board that has used common
sense and listened with an

~ understanding ear to the com-

plainants in the Court.

There are no “pay-offs” here,
a pervasive element that is far
too prevalent in the Bahamas, it
is just ‘an exercise of common
sense and sound judgment.

The Honourable Senator
states “that the Board should
seek to rationalise the comfort

- of residents with the real busi-

ness reality and strike a com-
promise which will allow both
to survive.” ;

Believe me, Madam Senator,
that is exactly what the Board is
doing.

In:the specific case, with
which I am familiar, there was
no revoking of the license but
the Licensee was reminded to

- abide by the terms of the licence’

— ie permission was granted to
play music indoors.

In this specific case, the oper-
ator established a venue out-
doors from which the music
could be heard froma consid-
erable distance. N

Despite several direct pleas
to the operator, neither heed
nor action were taken.— is that
compromise?

Madam Senator will appreci-
ate that compromise is a two-

ment fees but it isn’t the credit
card’s fault it is the Bahamas
Postal Services.

An example, a letter mailed
in Miami August 13th, arrives in
a post box at the General Post
Office August 26th, now surely
there is no excuse for that?

An explanation from the

“Lose Yourself In Style”

way street and not ist an
excuse to allow these wousive |
operators to peddle their loud
music to all and sundry without
a care in the world.

Do we really want to. revert

‘to the laws of the jungle?

Unfortunately it is the Hon-
ourable Senator who is “out of
touch.”

There is nothing to prevent
any of these operators obtaining
and renewing a license if the
volume of the music is unob-
trusive. .

A parallel situation exists
where drivers of vehicles play
music at a very loud volume

‘invariably with their windows

down.

Unfortunately, in the
Bahamas this seems to be tol-
erated and goes unchallenged
and unpunished whereas in
many other countries such a
public nuisance would be
stopped immediately.

Music is an art form with
many different styles and as
such it has to be recognised and
accepted that not everyone likes
a particular type of music.

In such circumstances the lis-
tener should be able to enjoy
his/her music without forcing

- his/her likes on the rest of the

world.

-In conclusion, I sincerely
hope that Madam Senator will
make other contributions that
will be of significance oth to
the public and to the Senate
that will improve the quality of

_ life in the Bahamas for. all its

residents and not just a minori-
ty.

_A LAW-ABIDING
RESIDENT
Nassau,

August, 2008.

Postal services getting worse every day

Minister — the Permanent Sec-
retary or the Post Master Gen-
eral would be useful, but I fear
a total waste of time as its just
gets worse.

W THOMPSON
Nassau,
August 28, 2008.



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THE TRIBUNE

LOCAL NEWS

MONDAY, SEPTEMBER 1, 2008, PAGE 5





In brief

Lightning
strike causes
island witle
blackout in
Grand Bahama

AN ISLAND wide black-
out affected Grand Bahama
for up to four hours on Fri-
day evening when lightning
struck near the Grand
Bahama Power Company.

The power was cut at
around 6.50 pm while staff
surveyed the plant for dam-
age and the transmission and
distribution crews checked
sub sta‘'ons for safe energis-
ing.

When it was confirmed
there had been no damage,
power restoration began at
around 8.15pm on a priority
basis, with the majority of
the island returning to ser-
vice at around 11pm.

Management, staff and
crew have worked through
the weekend on individual
problems.

A spokeswoman for The
Grand Bahama Power Com-
pany said: “We apologise for
the inconvenience caused to
the Grand Bahama public
‘but would like to assure
them that the plant shut-.
down measures are in place |

to prevent costly damage to
the generators and are in
keeping with industry stan-
dards.

“We would like to also
note that Friday night’s
blackout was unrelated to
the Thursday evening prob- |
lems, which have been
resolved. Should anyone
have any additional prob-
lems they should contact our
24-hour call centre at 352-
8411.”

Man arrested,

gun seized
following
highspeed
chase

A highspeed chase ended _
. with police confiscating a
firearm and taking a 22-year-
old Wulff Road resident into
custody on Friday night.

Police yesterday claimed
that a young man kidnapped
two people — a man and a
woman — forcing them into
the car; which was pursued.

Police were on patrol at
around 11pm when they saw
the vel..cle pull out of Min-
nie Street and head in the
directicn of Arawak Cay.

The driver of the vehicle,
apparently upon seeing the
police, sped off at great
speed.

When the car reached
Laird Street, a man jumped
from the car and began run-
ning, only to be captured.

Nearby officers found the
.45mm handgun and one live
round of ammunition. Inside
the car were the two other
occupants.

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Crash prompts new calls for
repairs at accident blackspot



lm BY MEGAN REYNOLDS

YET another driver crashed
into an. accident blackspot.in
East Bay Street on Friday
renewing calls for government

to repair a dangerous dip in the

road.

Lives were endangered at the
Hammerheads Bar and Grill
when a car crashed into the
wooden fence next to the bar’s
front deck just before midnight
on Friday. Bar manager Sheila
Pritchard said there have been
around 30 accidents in front of
the bar since she became man-
ager two years ago, and blames
a combination of a fault in the
road and irresponsible drivers.

She said: “There’s an acci-
dent here almost every week-
end. These idiot drivers fly past
the lights before the bridge, and
there is a little dip in the road
right there, so they lose traction
and either slam into Hammer-
heads or something on the oth-
er side of the street.”

Patrons sitting on the Ham-
merheads deck and patio were
shocked when the car
screeched, crashed and knocked
down the fence inches from
where they were sitting.

The driver came face-to-face
with bar-goers before he pan-
icked, hastily reversed, hit a
parked car, and drove off. |

One regular customer said:
“T was terrified! I felt like I was
ina movie. It was like it all hap-
pened in slow motion, but if I
had been sitting any closer. I
would have been crushed! I
couldn’t believe the driver just
sped off like that when he could
have seriously hurt somebody. I
was disgusted.”







Police arrived within an hour
and were given the car registra-
tion number 190097 to investi-
gate the matter. Ms Pritchard
said a car crashed into a lamp-
post in front of the basketball
court at Elizabeth ‘Betty’ Cole
park and basketball court oppo-
site Hammerheads early on Fri-
day morning.

Although owners of the
Hammerheads building are
investing in a cement wall to
protect the property, Ms
Pritchard said she does not
think it will help.

“We had a wall put in the
front a couple of years ago, but
people still crashed into that,”
she said.

“The only thing that is going
to help anything is if the gov-
ernment fixes that dip in the
road-and puts up some proper
signs or reflectors to warn peo-
ples;

Ms Pritchard also suggested a

. speed camera might prevent
drivers from accelerating past

the traffic lights and slamming
into the bar before someone is
killed. “We have spoken to peo-
ple who own this building and
the government department for
road traffic and nothing has
been done about it,” she said. “I
guess they won’t do anything
until someone important has
been killed.” :
Independent MP Kenyatta
Gibson recently received hos-
pital treatment after his Ford
Expedition crashed into the
park opposite Hammerheads
but escaped from the accident
relatively unharmed. Hammer-
heads co-manager Robin
Sawyer said: “It has been an
ongoing thing forever and ever.

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Megan Reynolds/Tribune staff:

CRASH SCENE: A car crashed into the wooden fence next to the Hammerheads Bar and Grill front deck.

We are trying to do everything
we can to ensure the safety of
our customers but we have been
actively nagging road traffic to
do something on behalf of our
whole building.” ee

“We. are: just grateful that, ut

nobody was hurt on Friday.”

Tr a
snedherbonx

Rosetta St. .

ec kt



“I was terrified! I felt like I

was in a movie. It was like it all

happened in slow motion.”



Hammerheads customer

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PAGE 6, MONDAY, SEPTEMBER 1, 2008

THE TRIBUNE







i By Sir Ronald Sanders

\ \ | HEN Hillary Clinton
proposed. Barack

Obama as the Democratic candi-
date for the Presidency of the
United States, and the vote was
carried by acclamation at the
Democratic Party’s convention,

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- African-Americans and people

‘ ae tN i : of colour were imbued with a
one, two oF Tne ly sense of equality that few, if any,
three days he would have experienced before.
er Like Michelle Obama, many

Pp of them would have reason to be
weeki!! proud of their country for the first

time. And, they would not have
been unpatriotic or less. Ameri-

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“Never allow people to make

-you feel uncomfortable - saying -

‘you can’t do it’ -
there is nothing such as can't
therefore, you can do anything,
just keep on trying and-—
never give up.”

spin the right wing journalists and
political strategists put on that
emotion.
The majority of white Ameri-
can society have ill-treated, vic-
timised and hurt non-whites —
particularly black people — for
centuries. Few openly condemned
: the behav-
iour of
active
racists and
many
remained
silent while
black peo-
ple were
pushed fur-
ther into
the margins
of. Ameri-
can society.
People
‘ of colour in
America had a right not to feel
proud of their country. The vast
majority of them were, and still





Betty Taylor
Journalist / Entrepreneur



Bele, ene

nomic ladder, and despite the
prominent black faces that now
dot the landscape of American
establishment, they are under-
represented in the corridors of
power, while they are over-rep-
resented in jails, in the junior
ranks of the armed forces and in
the myriad low-paying jobs across
suc United States.

Forty-five years ago'to the day
on which I am writing this com-
mentary Martin Luther King led
a march on Washington, one hun-
dred years after the emancipa-
tion of slavery and, in his famous
spéech, said: “One hundred years

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can for feeling that way whatever .

are, at the bottom of the eco- .

sma UUs Ue es

later, the Negro is still languishing

- in the corners of American soci-

ety and finds himself an exile in
his own land.”

What the Democrats did on '

the night of 26 August 2008 was
to make it clear that they were
lifting the barrier that exiled black
people in their own land. Mak-

‘ing Barack Obama the leader of

their party and their candidate
for the Presidency of the United
States demonstrated an accep-
tance that a non-white American
was every bit as capable as white
Americans to run the affairs of
their nation.

Historic
It was as historic an occasion
as Martin Luther King’s speech
itself. And, it finally paid part of
the Note promised by the Amer-
ican constitution and which King

described as a bad cheque —
“America has given the Negro

. people a bad cheque which has

come back marked ‘insufficient
funds’.' At that time, King




reminded ‘America “of the fierce
urgency of now,” and said: “Now
is the time to open the doors of
opportunity to all of God's chil-

- dren. Now is the time to lift our

nation from the quick sands of
racial injustice to the solid rock of
brotherhood.” It did not happen
then; the fierce urgency of now
was not felt by all. Change came
dramatically but in fits and starts.

The nomination by the Demo-
cratic Party of a non-white man to
be President of the United States
has helped to change America
more; to help lift it from the quick
sands of racial injustice. But, it is
not yet on the solid rock of broth-
erhood. The nomination of
Barack Obama as the Democrat-
ic Presidential nominee has not
achieved that goal, and it will not
be achieved even if he is elected
President of the United States,
but at least the Democrats have
set American society much fur-
ther on the way.

And for this, much is owed to
both Hillary and Bill Clinton.
Obama could have wanted no
more a ringing endorsement than
he got from both of them in their
speeches to the Democratic con-

vention. They spoke with passion,

commitment and without reser-
vation.

They could have done it dif-
ferently. Had they done so, they
would have strangled Obama’s
bid for the White House, and
caused America once again to
send non-white people a bad
cheque. Dr King’s famous admo-

nition would have again held

sway: “There will be neither rest
nor tranquillity in America until
the Negro is granted his citizen-
ship rights. The whirlwinds of
revolt will continue to shake the
foundations of our nation until

the bright day of justice emerges.” .

In the trenches of political bat-
tle with Obama, the Clintons who
are seasoned and determined
politicians, pushed close to the

Were looking for
~ some “old” friends.

The American election:
the quick sands of race?

edge, even once coming close to
playing the-race card. But, in the
end, they responded to a wider
and more powerful call to right
ancient wrongs and to help set
America on the road of justice
and equality. Their unequivocal
support of Obama on all counts

‘has made it difficult for the

Republicans and their Presiden-
tial candidate, John McCain, to
use race against him. The Clin-
tons deserve credit for this.
They also deserve credit for
maintaining the unity of the
Democratic Party. They knew

. quite well that a divided party

would not defeat the Republi-
cans, not even with its poor
record of the last eight years, and
they subjugated their own bitter-
ness at losing to Obama in the
interest of the Party’s victory.

In any event, Obama has
jumped yet another hurdle in the
race to make history. But the race
is far from over and it enters now
for him and for the electorate of
the United States the acid test
phase. :

The contenders are down to
two. One white, one non-white.

Eight years of war-mongering
and poor economic performance
are indelible stripes against the
Republicans and John McCain.
McCain has declared himself on
staying in Iraq, a deeply unpopu-
lar position with the American
people, and he has openly admit-
ted that he has no firm grasp of
the problems that beset the US
economy. McCain is old, Obama
is young. It should be game, set
and match for Obama.

¥et, the polls don’t show an
overwhelming lead; yet the pun-
dits express doubts.

Is it that many Americans
have been pulled from the quick
sands of racial bigotry, but not
enough of them have reached the
rock of brotherhood? That,
indeed, there is still not a fierce
urgency of now on this issue?
The next few months will tell.

Responses to: ronaldan-
ders29@hotmail.com —
mail.com>

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

RBC Royal Bank of ‘Canada’s Main Branch was built in 1917

This year-in November- RBG Royal
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of our customers.

We want to honour some of our “oldest”
friends. So we are offering special gifts
for the earliest Royal Bank photos,

stories, anecdotes and records-an old
passbook, correspondence, statement,

if you’re a veteran Royal Bank client,
or if any of your family members were,
we'd love to hear from you. And we’d
especially like to see your old Royal
Bank records.

As we observe our 100th year as the

this far.

a cancelled cheque, old photos, etc.

premier financial institution in The
Bahamas, we want to express our
appreciation to all our customers.
Without you we could not have come

Thank you.

lf you think you qualify, |

please mail a copy of your record to Jan Knowles at |
P. O. Box N-7549, East Hill Street, Nassau, Bahamas

by September 30.

|

" Please include your name, telephone number
and email address with all submissions.



RBC > HELPING YOU SUCCEED

www.rbcroyalbank.com/caribbean/bahamas
RA Ce SCAT OPES DEIN e SRC Co hie hid SCEmc athe



—~



THE TRIBUNE

MONDAY, SEPTEMBER 1, 2008, PAGE 7





_ Purchasellyourlloop loft The Tribunelon
. forllourffourthlannualllobservancellof

INTERNATIONA

LiteracytlisJallbrid 3 frommiserydtodhope. Oltdisla



oT 3

BAHA MAR

PRAT IAAT,

jety. Ohtlislalibul-

Help for first-time oe in Andros

A LOW-COST house
building programme is being
implemented by Government
in South Andros and Man-
grove Cay-to help first-time
buyers purchase property.

Androsians will be given
first preference in the Ministry

of Housing programme, which.

will expand the Money Rock
community and begin occu-
pancy of the Mangrove Cay
subdivision outside Moxey
Town with affordable pack-
ages allowing first-time buy-

ers to purchase serviced lots -

or have their homes built at a
low-cost, duty-free.

Rent-to-own homes and sys-
tem homes also will be made
available through the pro-
gramme.

Visiting the sites in the
Money Rock community in
the Bluff, South Andros, and
the Mangrove Cay subdivision
last weekend, Minister of
House Kenneth Russell said:
“The government wants to get
as many persons as possible
into their own homes and our

goal is to get all of them com- .

pleted and up and running as
soon as possible.”

Mr Russell was accompa-
nied by acting permanent sec-
retary Melvin Seymour, first
assistant secretaries Lithfield
Rolle and Leslie Dean; and.
technical staff Lorenzo Moss,
Jeffrey Clarke and Chemaco
Brown. They were met by
South Andros District Offi-
cer-in-Charge Inspector Sid-
ney Rolle, Chief Councilors
Zebedee Rolle and Lenward
Saunders and Local Govern-
ment officials.

Mr Russell noted that while
the Money Rock subdivision
has the potential to grow by
several hundred lots, residents
of South Andros would pre-
fer to expand existing settle-
ments. , ;

However, 14 serviced lots
in Money Rock need to be
sold before development of
land available around.other
settlements can be considered,
he said.

In Mangrove Cay, where
the smallest lot is 12,000 sq ft,
compared to Nassau’s smallest
government lot at 5,000 sq ft,
the Minister was concerned
about how low income fami-
lies will be able to: afford
them. He said: “We have to
look at the possibility of split-
ting some of the land to make
smaller lots for people of real
low income to be able to
afford them. They are ready to
purchase lots and build
homes. They have some con-
cerns and we will address
them.

“As for Money Rock,
there are some things that
must be done first before we
can say that we are going full



“We have to
look at the pos-
sibility of split-

ting some of the |

land to make
smaller lots for
people of real
low income to
be able to afford
them.” |



Kenneth Russell



Government implementing

low-cost housing programme egNVENENT TRAY A



Gladstone Thurston/BIS Photo

MANGROVE CAY Local government official Brian Moxey makes a point during discussion on the Mangrove Cay

‘subdivision.





HOUSING MINISTER Kenneth Russell and Acting Per- HOUSING MINISTER Kenneth Russell (right), Acting
manent Secretary Melvin Seymour (both seated) explain “Permanent Secretary Melvin Seymour (centre), and
to interested Mangrove Cay residents the layout of their South Andros’ Chief Councilor Zebedee Rolle listen to
the concerns of residents for proper housing.

subdivision.

speed ahead. We will work on
those things immediately so
that the people of South
Andros can realize their
dream of owning their own
land.”

The amount of land avail-
able in the Family Islands is
phenomenal compared to
New Providence, -the Minister
said, where land is running
out. He said: “We are getting

LN a ae aE aE EO EON

“Cet what you need to Jo
back : school.



_ESRRGHEERE RES eat



60 acres in a couple of weeks
and we know there is more
than that. But sooner or later
we are going to run into a

problem with land and I hope’

that between now and then
we can educate our people to
the point where they can
understand that living a con-
dominium style is not a sin. It
is just a different form of liv-
ing.

eee





packages starting at:

789

HP 530 Notebook 15.4 Widescreen with Vista Home Basic.
Also includes HP - Notebook backpack & Panda Anti-virus.

ORELLE LSS LEE E GE EEE,

“Where you don’t have |

land and you have to put more
persons on the same land, in
order to do that you have to

go condominium style. I hope |

that gradually we accept that
as a way Of living. In Freeport
we have accepted. that
already.” Applications to sign
on to the housing programme
are available from chief coun-
cillors in South Andros.



Ncy

Prince Charles Drive
















4 Laat 80 -

: $223.80 || °
$265.80
$396.80

$490.80
$416.90

$85.00
$93.00
$60.00
_ $77.00
$66.00







$39. 00 $52.00








t 500 $52.00
$39.00 $49.00
$46.00 $62.00
$36.00 $46.00

ee 6-432 361430





PAGE 8, MONDAY, SEPTEMBER 1, 2008

THE TRIBUNE



[2 RE ee SS ST en a FRM! EEN
Is imitation truly the sincerest form of flattery?

m@ BY INIGO “NAUGHTY”
ZENICAZELAYA

Revemoerr those
scenes in television

shows where two women
showed up to an event in the
exact same outfit—to the cha-
grin of them both—and one
insisted she needed to go home
and change? Well I'll be honest,
as a man I never got what all
the fuss was about. So you
decided to wear the same
clothes as someone else, big

deal! We men are used to see-
ing our buddies dress similar to
us — especially when it comes
time to root for our favourite
sports teams — and usually
showing up in the same jersey is
considered a unifying event.



And not once does either guy
complain or entertain the
notion of “changing outfits.”

Of course, with women it is a
completely different story.

A few months back I had the
misfortune of suffering through
a two hour tirade—courtesy of

Male bonding, I think it’s called.

GE Mechanical Room
Air Conditioner

10,000 BTU .
$450.00.

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$585.00

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_ $720.00

#ASV18.

©2008 CreativeRelations.net

Sales & Full Service Department
Rosetta & Montgomery Streets ©
322-2188/9



SmartChoice

If you have an OLD CLUNKER
and want to get rid of it!

Now is the time to get that Ford you have always
dreamed about owning, we have available

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On the spot insurance with Advantage Insurance

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my lovely wife—because one of
her friends had the audacity to
show up to a party wearing the
exact same pair of shoes she
was wearing. Shoes!

To me, this was no big deal.
But—sensing I was not enthu-
siastically getting her point—
my wife explained to me (in
painstaking detail) that she and
this “treacherous heifer” had
gone shopping together and the
friend in question watched her
buy these shoes and knew she
would be wearing them to this
party.

My response: So? Isn’t imi-
tation the sincerest form of flat-
tery?

Apparently, it is not. To hear
my wife tell it, you would think
she had been spied on by Inter-
pol and her “intellectual prop-
erty” (her words, not mine) had
been stolen. She had seen ‘the

shoes first, bought the shoes —

first, conceptualized wearing the
shoes first, so there you have it.
Now, upon further examina-

tion—at her nonstop insis-
tence—I have to admit the
shoes in question were not your
regular set of black pumps.
They were colourful contrap-
tions with straps everywhere,
attached to ankle injuring four-
inch heels.

Doublemint

Quite unique looking; except
not at that particular party.

This whole episode got the
comedian in me thinking: When
is biting (colloquialism for copy-
ing someone’s style) acceptable
and unacceptable?

If you happen to be a mem-
ber of a set of twins (identicals
only, please) then go ahead and
dress alike.

Let’s be honest, everyone
loves those Doublemint girls.

If your neighbour just bought
a brand new car that you just
love, purchasing that same vehi-
cle, only in a different colour, is

unacceptable. If you happen to
be a member of an exclusive
group (Army, Defence Force,
Police Force, Rastafarians or
Circus Clowns) then biting your
fellow member’s garb is manda-
tory and therefore acceptable.

If you’re a church diva whose
hat was dwarfed by another
member’s gargantuan brim,
upgrading to the same satellite-
sized fedora for the following
week is totally unacceptable.
(Sorry ladies, but sometimes I
like to see who is delivering the
sermon from the pulpit).

If your college Math Final is
killing your chances of actually
graduating, and you happen to
be sitting next to a kid with an
extremely high IQ, well, you
know what to do. I guess what
I’m trying to say is in a world
where just about everything can
be Xeroxed, copied, cut and
pasted, sometimes there’s noth-
ing better than a good old-fash-
ioned original!

IN YOUR OWN BACK YARD!

Are you aware that over 600
people in the Bahamas have
real estate licenses? With that
many practitioners, the seed

’ quickly separates from the

chaff, with a small percentage
rising to the top in quality ser-
vice to buyers and sellers.

As you consider the moun-
tains of documentation, financ-
ing, negotiating, marketing,
inspections and the like, where
would you begin to locate the
BREA agent best suited to your
needs? It makes sense to start at
home, with those individuals
who you know or come highly
recommended to you.

It makes sense to work with
someone who is active within
and knowledgeable about the
real estate community. More
information for your choice of a
representative can be found




‘through advertising, and refer-

rals and recommendations from
other agents, neighbours, and
local business leaders.

Once you’ve interviewed and
selected a BREA agent, make
sure your relationship is clearly
defined and documented. Most

International Company ny to hire.
Interested persons must possess the

following:

Proficiency in Computer Operations
Proficiency in: Microsoft Office

Ability to perform secretarial work
Ability to perform general odds and ends

Mail Collections

Bill Payments - Telephone, Electricity
NIB and other bills

Please apply in writing to the: ‘
Human Resource International

394-0487 (Fax)
P.O.Box SS6411
Nassau, Bahamas

26’ BOSTON WHALER OUTRAGE
WITH BRAND NEW TRAILER

Year: 2001
Price: $60,000.00
Hull: . Fiberglass

Engine: Twin Mercury CXL OPTIMAX, 225 HP, 450 Hours

YW#: 55032-1853792



agents represent sellers. Make

_sure your representative

explains how he or she works

- with all parties to the transac-

tion.

Then your agent will begin
discussion of local market con-
ditions and how they. come to
bear upon your listing or your
purchase. A carefully selected
BREA agent from your com-
munity will provide all the infor-
mation you need to move for-
ward with confidence.

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.

26 Outrage in great condition! Fully loaded with Auto-pilot, Fish finder, Chart plotter/GPS,
Stereo/CD, Head, Freshwater, Bow cushions. Powered with twin Mercury 225 Optimax and

smart craft gauges.

Standard Equipment

Bow anchor storage w/hatch

Seats w/drainage
Integral swim platform

Rod holders
Bait prep area

Under gunnel rod racks

Self bailing fiberglass cockpit
S/S steering wheel

S/S console grab rail

Drink Holders

Fiberglass transom door

eeeeeesrk#éceeeseetskteesrkeesetee#sekee#st8t#e?28@

Forward coaming bolsters
> Hydraulic steering w/tilt

integral bow pulpit w/anchor roller and chafe plate

Port & starboard forward deck storage

Port & starboard fish boxes w/drains

Livewellat transom w/washdown

Optional Equipment

Porta potti w/pump out & O/8 discharge

T-top w/top gun outriggers

Windlass
Anchor

Leaning post w/cooler

- Full electronics including radar, chart potter,

auto-pilot, fish finder, VHF, stereo

Lockable console storage w/plexi door

Vertical rod holders at forward deck seat

CONTACT:

Owner

Ph: 424-4959

E-mail: kedgecombe@gmaitcom





THE TRIBUNE MONDAY, SEPTEMBER 1, 2008, PAGE 9



LOCAL NEWS

FUNERAL FOR DEFENCE FORCE MARINE

A military funeral
was held defence
force marine Gary
Carey on Thursday.
Fifty-four- year-old
Mr Carey, who had
been with the Royal
Bahamas Defence
Force for 28 years,
was found dead on
August 17. A woman
- Shimeakima Pratt,
29 - was charged
with. his killing on
Tuesday last week.

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Rainbird Rotary — : Rainbird
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Wulff Road, P. 0. Box N 9123, Nassau, The Bahamas © Fax: 323.4667



r



PAGE 10, MONDAY, SEPTEMBER 1, 2008 | THE TRIBUNE















SHARAZ performs at the Make ‘Em Listen concert on Saturday night at the LS
Rainforest Theatre. mâ„¢ RAPPQUELLE perform

Young Bahamian artists were on show at the Rainforrest Theatre on Saturday
night. Organisers, Make ‘Em Listen, wanted the concert to showcase local talent
in a variety of musical styles, including reggae, hip hop, R&B, pop and jazz.

ord Party
Insurance
nel’d, Throug



~ Honda

Bank
Financing
Available

Come make an offer on
our local trade ins

Located: Thompson Blvd
Tel: 325-0881/2 Open: Mon-Fri. 8a.m. - 5:30p.m.

Sat. 8a.m. - 12n00n . GATS



CARIBBEAN ASSOCIATION OF ONCOLOGY
HEMATOLOGY CONFERENCE

SEPTEMBER 4TH -7TH, 2008
The Atlantis Resort & Casino,
Paradise island
Nassau, The Baharnas

. HOSTED BY
; DR. JOHN LUNN, DR THEODORE TURNQUEST
& DR. DUVAUGHN CURLING

REGISTRATION FEE:

PHYSCIANS: $130.00
UW. STUDENTS Conference topics to include:
& HOUSE STAFF: $50.00 | Breast Cancer
; Genitourinary canders
Includes: PET Sean
Registration to the CAOH Event Hematologic malignangies
Welcome Reception And many others. |...
Continental Breakfast |
Lunch “For more information please contact
Closing Dinner/Party (242) 325-6284 or (242) 322-5845

Located: Harbour Bay Shopping Center : .
Ph: 393-4440 or 393-4448 |



THE TRIBUNE . MONDAY, SEPTEMBER 1, 2008, PAGE 11

a i SSS SSS SSS SSS SSS SSS SS ST

LOCAL NEWS



FRISCO
turning
on the

style.



REBIRTH
wows the
crowd.



Bahamas Bus & Truck Co., Ltd,

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

EXTRA, EXTRA,

Large Shipment
of
Used Cars

COME CHECK]
US OUTI

New Shipments Arrived

Hurry, Hurry and
Get Your First Choice
_ For Easy Financing
Bank And Insurance

On Premises
_Check Our Prices
Before buying

BOBO KEN in performance.

SLU2GZ at the Make Em Listen concert.

SS Se Se eR we woe



The College of The Bahamas Alumni Association

HALLO FAME | HALL OF FAME

~ MEMBERS

SEEKING NOMINATIONS

What We Are ‘About

(

The Alumni Association Hall of Fame was established in‘spring of 2001 by the Executive
Board of the Association. The purpose is to recognize annually a COB alumna/alumnus who —

is making significant contributions to the development of The Bahamas. It is envisioned that M

honourees will play'a major role in the fundraising efforts of the Association. NASSAU, B AHAMAS



On May 11, 2001, the Alumni Association named Bishop Neil C. Ellis, Pastor, Mount Tabor
Full Gospel Church as its first inductee. Subsequently named were Larry Gibson, a financial C A R = F R O Pp PO RTU N ITY
services expert (2002); Laura Pratt-Charlton, a pharmacist /entrepreneur (2003); Tanya

McCartney, an attorney anda former member of the Senate (2004); Vernice Walkine,

Director General of Tourism (2005), Keith Bell, Former Superintendant of the Royal Bahamas
Police Force(2006}, Charles Sealy, Chief Executive Officer, Doctor’s Hospital (2007).





The Baha Mar Group of Companies has openings for Finance and Accounting
Professionals / Managers. Positions will be leveled based on candidate experience
Each honouree is presented with a 36” Silver European Cup, which symbolizes his or her and accomplishments.

outpouring of inspiration that causes others to thirst for “knowledge, truth and integrity”,
the values promoted by The College of The Bahamas and reflected in the institution’s motto. The candidates should hold Chartered Accountant or CPA credentials. Public



accounting experience is highly desired. _ Advanced degrees and industry

Hall of Fame Award Criteria:. experience will also be considered.
What It Takes to Be Nominated and Become a Member of The Hall of Fame: -

The Alumni Association of The College of The Bahamas views induction into its Hall of Fame ney Ski / Is:
as its highest honour, It is a designation extended to individuals whose lives are the hallmark Knowledge of IFRS and US GAAP accounting
of The College’s motto “Knowledge, Truth, Integrity.” Experience in auditing and/or performing consolidation of multiple



company financial results

To be considered for the Alumni Association Hail of Fame, nominees must: Financial policies and process knowledge

¢ Have distinguished themselves as students, acetone) and socially, while at The Financial systems experience, with expertise in MS Excel required
College of The Bahamas

¢ Be among the best in their chosen fields of endeavour, displaying scrupulous conduct
that stands as an example to others,

e Bea leader and relentless worker whose success benefits co-workers, those they
supervise or employ and the community in general. gh ae eee

¢ Excel in civic outreach and make a ote to society that is easily visible within Activities andR esponsi! bilities Include:
their fields and the wider scope of Bahamian Life. Managing and/or supporting annual audit coordination

e Exhibit strength of character that translates generally into community strengthening, + Oversight and work in MS GP financials software
personifying their alma mater’s motto “Knowledge, Truth, Integrity”.

¢ Be nominated



Ability to coordinate effectively among various staffi in functional and
- business unit positions
Supervision of technical / professional support staff

Regulatory reporting and special purpose reporting



Provide technical accounting guidance

+4 aasihat fam eaward Normladtion rom Coordinate effectively with operational, development and legal staff

May be obtained from Involvement in various financial reporting processes, monthly close,

The Office of Alumni Relations & Development (Upstairs, Administration Block (A-Block)) balance sheet reconciliations and process management
Oakes Field Campus Or may be downloaded from http://my.cob.edu.bs
All nomination forms, along with a current portfolio and photograph, must be submitted by

Wednesday, October 8, 2008, 1 :
For more information, please call the Office of Alumni Relations & Development at 302-4359. bjolly@bahamar.com

Portfolio Size: Five (5) pages (maximum) * Font size: 12 pt * Paper 8.5 inches x 11 inches

2:
Interested parties can confidentially apply by sending a résumé to:



+ )



PAGE 12, MONDAY, SEPTEMBER 1, 2008

THE TRIBUNE



LOCAL NEWS

Raymond A Bethel

The Eugene Dupuch Law School Students’ Association’s

Race Judicata 2008
Thanks You!

Thank You to all of our friends,
supporters and sponsors and in

particular-:
Abbottslabs BTC Bahamas Food Services “Bahamasair Burger King Butler & Sands



Caribbean Bottling Ltd. City Markets Ltd. D'Albenas Agency Ltd. Doctors Hospital
Fidelity Bank (Bahamas) Ltd. Galanos Agency. Graycliff Restaurant John Bull Lowe’s
Wholesale Drug Agency Ltd. Ministry of Health More FM Nautilus Water Royal

Bahamas Police Force Starbucks Subway Hon. Byron Woodside Thompson Trading Co.

Ltd. Zeta Phi Beta Sorority Mr. Raynold Cartwright

Congratulations to all trophy winners!

SEE YOU IN 2009 - BIGGER & BETTER!!!

Credit Suisse, Nassau Branch
Private Banking

is presently considering applications for

Head of Credit Risk Management

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

Qualifications:
- University Degree or equivalent

Experience:
- Sound international banking background with 7 to 10 years in credit risk

management
- Strong understanding of Private Banking Business
- Technical product knowledge of various credit products
- Excellent knowledge of Globus Banking System
- Well versed in Swiss banking practices and standards
- Solid experience in Project Management
- PC Literacy (MS Word, Access, and Excel)

Personal Qualities:
- Strong analytical skills

- Excellent organizational, interpersonal and communication skills

- Highly motivated with a commitment to service excellence

- Must possess excellent management and leadership skills

- Strong communication.-skills and one of the following languages would be an
advantage: German, Spanish, Italian and French .

Key Duties & Responsibilities:

- Analyze and approve international credit applications

- Ensure a high quality of credit portfolio and limit credit risk through diversified
collateral and adequate margin requirements

- Identify potential risks and suggest improvements regarding controls, systems
in use and business management

- Support relevant Head Office projects as credit expert; SOX, Basel 11, Risk
Saver International, TLS

~ Provide overall leadership, direction and control to the credit function

- Implement local credit policies based on Head Office policies

- Ensure correct risk ratings are recorded in Globus System

Benefits provided include:
- Competitive salary and performance bonus

- Pension Plan
- Health and Life Insurance
- Ongoing interna! and external career development/training program



Applications should be submitted to:
Human Resources Department
P. O. Box N-4928

Facsimile: 356-8148
DEADLINE: 12‘ September, 2008

»

CREDIT SUISSE

PM leads delegation to
North Abaco to tour
Conch Rock land *

PRIME MINISTER Hubert Ingraham led a delegation to North Abaco on Thurs-
day, August 28, 2008 to tour crown land in Conch Rock; the site of a pro-
posed port. Following the walk-through, the group viewed the area by

boat. Viewing the plot plan of the selected site from left are Daniel Wilkinson,
Senior land surveyor; Prime Minister Hubert Ingraham; Michelle Bethel;
Administrator for South Abaco, Benjamin Pinder; Keith Bishop; Benjamin Fer-
guson; and John Schaefer - area Engineer for Abaco.

OVERSEAS NEWS"



More than 11,000 Iraqis
freed in 2008 — US military

@ BAGHDAD

More than 11,000 Iraqis have been released
from American detention centers this year, leav-
ing nearly 20,000 still in custody, the U.S. military
said Saturday.

Some 19,700 Iraqis remain in detention at two’

main centers in Iraq — Camp Cropper in Bagh-
dad and Camp Bucca in southern Iraq. Several
hundred more detainees are expected to be
released by mid- -September, military spokesman
Maj. Neal Fisher said in a statement.

The United States wants to transfer the remain-
ing detainees to Iraqi control, but has been hin-
dered by the lack of adequate Iraqi prison space

and trained guards. More than 8,900 people were.

released from detention last year.

Rights groups have criticized U.S. detention
policy as a misrepresentation of international
law, which requires some form of legal process to
detain someone.

But the U.S. military has said its detention sys-
tem is authorized by a U.N. resolution under
which the Iraqi government allows U.S. troops to
arrest people at will.

Fisher said each detainee appears before a
review board every four to six months. The mili-

tary has said the average detention time is 330

days.
Meanwhile, gunmen killed a member of a local

US.-allied Sunni group and his family north of -

Baghdad, the U.S. military said Saturday. .

The man was killed Friday night in his home in
the village of Withah in the volatile Diyala
province. His father, mother and an infant were
also killed in the attack, which-was in coordination
with an assault on a nearby Iraqi army check-
point that wounded one brag soldier, the military
said.

y» MINISTRY OF FOREIGN AFFAIRS



Karim Kadim/AP Photo

AROUND 250 Iraqi refugees who had been living in
Egypt return home free of charge on the Iraqi Prime
Minister's plane, at the airport in Baghdad, Iraq, Sun-
day, Aug. 31, 2008. The state-sponsored flights have
been aimed at accelerating the return of Iraqis: now that
violence is down, though some who have ;aturned
said they were going back because they were broke
after years of exile and were still afraid of the dangers
in their homeland

for First Time Applicants for
- Electronic Passports



CHILDREN 0-17 YEARS

One (1) completed application form (countersigned)

Three (3) passport - size photographs (one. must

be countersigned along with application form)

National Insurance Card

Child’s Birth Certificate or Registered Affidavit of

Birth Certificate

Child’s Immunization Card (If requested)

Mother's Birth Certificate, and Passport or Proof

of Citizenship (if requested)

Primary School Records (if requested)

An Interview

- Parent or legal guardian must be present with
applicant.

When using Father’s documents, the Father's

Birth Certificate, parents registered Marriage

Certificate and Father’s Passport.

ADULTS: 18 YEARS AND OVER

One (1) completed application form
Three (3) passport-sized photographs (one must
be countersigned along with Application form)
National Insurance Card
Certificate of Citizenship or Registration
Certificate of Naturalization

¢ Birth Certificate or Registered Affidavit of Birth
and Baptismal Certificate
Mother's Birth Certificate and Passport (except if
applicant was born after 9th July, 1973)

* Registered Marriage Certificate (if a married
woman)
An Interview

PERSONS APPLYING WITH AN
AFFIDAVIT IN PLACE OF A BIRTH
ene

Search Card

Hospital Records

Baptismal Certificate

$4.00 Stamp on the Affidavit

Mother's Birth Certificate along with documents
requested In your age group

AUTHENTICATION OF
APPLICATION

The application must be authenticated and
countersigned by one of the following persons who
has been personally acquainted with the applicant
for at least two (2) years:

A Marriage Officer

Medical Practitioner

Counsel and Attorney of the Supreme Court
Officer of or above the rank of Assistant Head of
Government Dept

A Bank Officer

Magistrate

Justice of Peace.

Members of the applicant's immediate family are
not authorized to countersign the application.

FOR MORE INFORMATION

Pick up a brochure and an application form from the Passport Offices in Nassau at Thompson Blvd
and Freeport at National Insurance Building, East Mall, Explorer Drive; also from Island Adminstrators’ offices In The Family Islands.

Public Information line: 242-322-PASS (7277) 01 242-323-2528 Fax: 242-325-4832
Email: passportoffilce@bahamas.gov.bs



THE TRIBUNE

MONDAY, SEPTEMBER 1, 2008, PAGE 13



LOCAL NEWS



Young man dies
after stabbing

FROM page one

Chief Superintendent Glenn Miller said:
“I’m not sure exactly what it was that hap-
pened inside, but we think it was some foolish
thing as simple as one person accidentally
stepping on someone’s feet.”

The-argument continued outside just before
closing time at the club, and several witnesses
watched as Mr Jackson was stabbed several
times in the abdomen at around 3am.

He was rushed to Princess Margaret Hos-
pital but died of his injuries just two hours
later.

Mr Ja kson’s aunt, Alison Edgecombe, of
Newbo. Street, received a call from the hos-
pital at Sam.

She said: “He dropped me home on Satur-

day night and I said be careful, then at 5am I
get a phone call saying he had been killed.

“He was a nice person, he never got into
any problems. Someone was probably waiting
for him outside who just didn’t care.”

The former CR Walker student who fixed
broken vehicles in St Cecilia, was the youngest
of three sisters. His mother died 14 years ago,
and he was raised by his father in Smithsville,
Nassau.

Mr Jackson’s cousin, Rishand Newbold, 19,
said: “He was.a good, caring son, brother,
nephew, uncle, cousin. Whatever you needed
he would give you. He was a real good friend.

“He enjoyed hanging out with his family, he
liked kids, he especially loved his nephews.”

Miss Newbold said he had a great sense of
humour when playing with his family, and

was given the nickname Uncle Ben-Bone.

“He didn’t go out much,” she added. “And
if he did, he went with family.”

According to his family, it seemed as though
Mr Jackson was prepared for death by check-
ing in with all his family members before he
went out on Saturday night.

Miss Newbold said: “Our family is really
close. On Saturday night he was hugging
everybody and making sure everybody was
straight, it was like he knew he was going.

“It makes you think twice, to realise that
your life could get taken away so quickly,
without hesitation.

“It’s a shock, a real shock. I can’t believe he
is gone, No one would expect that for him. For

* ‘something like that to happen is really hurt-

ful.”
A 19-year-old man is being questioned in
connection with the stabbing.

Shane Gibson backs action
taken by BTC workers

FROM page one

glass door and opened fire, shat-
tering the glass to gain entry to the
Sand Bar.

The suspects robbed the
employees of cash and one black
Motorola cellular phone and one
orange coloured island print purse,
and fled the scene.

The employees described the
gunmen as dark males, one being
about 5' 9" to 6" tall. Police are
investigating the crime.

Also under investigation is
another armed robbery incident



x
8
:
:
8
8
'
x
x
‘
x



accosted by two black men.



Bar robbed

that occurred on Thursday in the
Sea Horse Village area.

Supt Rahming reported that two
expatriate workers were walking
around 9.15pm when they were
accosted and robbed by two men.

Peruvians Leandro Ortiz, 42,
and Edwardo Huamoni, 35,

‘employees of the Grand Bahama

Shipyard were returning a shop-
ping cart to the nearby Lucaya City
Market store when they were



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FROM page one

without first following the “cor-
rect process.”

And he claimed that too much
attention is being focused on how
to chastise those involved rather
than dealing with what caused
them to demonstrate.

“T think that politicians should
stop trying to deal with the result
of actions taken by the members
when they felt as though their
rights were being taken advantage
of, they should try to deal with the
substantive issue.”

“As I understand it, that is that
they wanted to be involved in the
process, not that they objected to
privatisation-and I understand that
they tried on several occasions to
communicate with the minister
and also the prime minister and
they were unable to contact the
prime minister and were unable
to get a response to their mes-
sages.”

He said any government or
employer is wrong “for trying to
deal with the union for not dealing

with them properly (before), after
they would have reacted to what
‘was an injustice.”

Mr Gibson’s comments come
after National Congress of Trade
Union leader John Pinder and
Bahamas Communications and
Public Officers Union president
Robert Farquharson both criti-
cised government and BTC chair-
man Julian Francis in light of their
claims that BTC workers could
face some punitive measures.

Deputy Prime Minister Brent
Symonette said “appropriate
action” would be taken, while Mr
Francis suggested pay deductions
or suspensions could occur,
although neither gave a timeframe.

The two union leaders, who
both said that government and

BTC do not have the right to.

determine if the action was illegal
or not, threatened that if punish-
ment is meted out their members

_. could again protest.

Mr Gibson agreed: “There’s a
mechanism in place to determine
whether the contract’ was
breached, and that’s that you go

before the industrial tribunal, you

‘ go to the ministry of labour first,

for conciliation and then you go to
the tribunal, you don’t just act uni-
laterally.”

The former labour minister said
that while demonstrations and the
inconvenience they cause should
be avoided if possible, “there’s
only so much that employees have
at their disposal.”

He said that as he understood it
the union representatives, who
protested over a lack of voice in
BTC’s privatisation process, were
“placed on a committee without
any teeth, without any terms of
reference.”

The Government has denied
this, stating that the committee on
which the union is represented is
the “key” committee.

NCTU leader Mr Pinder said
on Thursday that BTC workers
did nothing illegal when they
protested earlier this month,
blocking Bay Street for around an
hour and temporarily denying
access to Paradise Island with their
parked government vehicles.

But stakeholders:such as

- Bahamas, Employers Confedera-

’ tion president Brian Nutt said that

politicians’ historic reluctance to
chastise unionists that engage in
illegal industrial actions, of which
he believed the BTC action is one,

_ must come to an end.

Yesterday PLP MP Obie Wilch-
combe told The Tribune that he
thinks it unlikely that any sanc-
tions will be inflicted on the work-
ers despite what has been said.

“Did the Prime Minister say
that punitive measures would be
taken? J think we’ve heard from
some of the others but not the
Prime Minister.

“The Prime Minister is much
brighter than that. He is a politi-
cian. He knows that what might

‘ have happened is a breakdown of

communication.

“Tf you believe that you’re going
to lose everything that you have
then you're going to fight. And I
think common sense is going to

prevail and people are going to sit ,

down and say, ‘Listen, we don’t
have to take this approach, we

’ should’ve included them,’ let’s put

this behind us and move forward
as a country.” he said.





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PAGE 14, MONDAY, SEPTEMBER 1, 2008

INTERNATIONAL NEWS

THE TRIBUNE



FROM page one
expect us to do?” she asked.

Although her house has four
bedrooms, the Cable Beach resi-
dent said that she only uses her own

bedroom, the kitchen and the living
room area.

Electricity

“T am gone all day, from 8am to
5pm I am out of the house. There is
nothing on in my house during the
day, only when I get home at night
I turn on my air conditioning,” she

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said.

The Cable Beach resident said
that unlike civil servants and BEC
workers, she as an entrepreneur
has no fixed salary or guaranteed
pension.

“Every month is different, it
depends on the work that is out
there, and right now there is no
work,” she said, adding that in
order to pay her BEC bills she will
have to spend the money she was
saving for her private pension.

An eastern New Providence
homeowner said that her BEC bill
now equals her high mortgage pay-
ment, and is double what it was in
the same period last year.

“This BEC s**t has to stop!” she
said. “How do they expect people
to survive? The bills are constantly
increasing but salaries remain the
same. In fact because businesses
are getting it just as bad, people are
getting let go, so they’re in an even
worse position.”

The topic is also hot on internet
sites. On one popular Bahamian
chat forum people are asking why
their bills are going up while oil
prices globally fall and despite the
fact that they are cutting back on
their personal usage.

“My bill doubled and I basically
livin’ in the dark ages,” said a visitor
to the site. “Only fridge, TV, laptop
and fan been on. Don’t even notice
my air conditioning exists anymore.
And still my light bill doubled!”

Another exclaimed that he “can’t
make it like this”, with his bill going

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from $163 in the May-June period
to $278 for July to August although
he “cut down on using a lot of stuff
— puttin’ the TV and heater on
timers, less A.C. and more fan, no
outside light on the porch.”

In an interview with The Tribune
earlier this month, a spokesperson
for the popular downtown restau-
rant Skans Café said it is not only
private citizens who are suffering
from the high BEC prices, but also
successful businesses.

The spokesperson said that the
restaurant’s electricity bills have
increased by more than 100 per
cent in recent years — to $6,000 a
month — and that Skans may soon
be forced to lay off people in order
to pay BEC.

The restaurant is asking govern-
ment to grant downtown business-
es a temporary exemption from the
fuel surcharge.

The Tribune could not reach
Minister of State for Public Utilities
Phenton Neymour or BEC general
manager Kevin Basden for com-
ment yesterday.

Northwest
Bahamas
FROM page one

could strengthen to a category one
hurricane by the time it reaches the
northwest Bahamas and hit the
islands of Grand Bahama and Aba-
co with full force on Wednesday
night.

Although he predicted the storm
would pass north of New Provi-
dence, Bahamas Department of
Meteorology meteorologist Basil
Dean said the whole of the north-
west Bahamas, including New Prov-
idence could be hit by at category
one storm.

However, he believes it will not
move to the northwest islands until
‘Thursday.

Mr Dean said yesterday: “Right
now the central Bahamas is our
major concern; Cat Island, Exuma,
Long Island, San Salvador and
Ragged Island, and if it does hit
those islands by Tuesday, it will
affect all the islands east of New
Providence, including Eleuthera and
the Abacos as it turns northwards.

“Tf it does that, then we will put
watches for the northwest Bahamas,
including New Providence.

“Tt is not your typical hurricane

and because of the tricky nature of .

the atmosphere at the moment we
are going to have to play this day by
day.”

The Acuweather meteorologist
said the storm will be slow to inten-

“sify as the wind sheer. is blowing

thunderstorms away from the centre

' ofthe storm.

“Until the storm begins to
become more organised it is very
difficult to tell where it is going to
be,” he said. “Hopefully we will

have a clearer track on Monday or

Tuesday.”

Interim director of NEMA,
Commander Stephen Russell, par-
tially activated the National Emer-
gency Operations Centre calling
together a team of key personnel
on Saturday in preparation for
Tropical Storm Hanna.

“NEMA stands by to respond to
any form of disaster, natural or
man-made that might impact the
Bahamas,” he said.

: her clothes,”



FROM page one

he said.
Mr Rahming said the woman

: fought back, kicking the culprit
: down onto the ground and ran
: outside to neighbours, who alert-
: ed the police.

The culprit ran out the back

i door, taking her purse contain-
; ing an undetermined amount of
; cash and fled into nearby bushes.

Supt Rahming said uniformed

: and plainclothes officers arrived
: on the scene shortly afterwards
: and searched the surrounding
: neighbourhoods, however, the
? suspect had already disappeared.

The woman described the cul-

prit as about 5'6" tall, ofa light
: complexion and with a short hair-
? cut.

Police officers in the Central

i Detective Unit are investigating
: the matter.

According to reishBoure the

woman had noticed that her win-
: dow was broken, but did not
: think anything was wrong until
i: she was surprised by an intruder.

A neighbour, who wished to

: remain anonymous, told The Tri-
: bune that the woman was held
: at knife point and was ordered
: by the intruder to remove her
; clothing.

“She asked him if he had a

condom and he said no, so she
: told him that she had some. As
: he loosened his grip, she kicked

Attack on woman

him and escaped,” said the neigh-
bour, before she jumped a fence
and called neighbours for assis-
tance,

It is not known whether this
incident is related to previous
rape incidents that occurred in
Freeport in July.

Police investigations into the
rape cases have stalled and the
rapist remains on the loose.

The perpetrator has been
described as being about 5'9" to
5'10" tall, of slim build, wearing
dark clothing, and armed with a
handgun and/or a knife.

The initial attacks occurred
during the early morning hours
and the culprit had always
entered through a window.

There have been reports that
the rapist used a condom during
sexual intercourse and made his
victims shower afterward to
remove any forensic evidence
that may have been left behind.

Following these incidents, the
Police had asked residents to be
vigilant and to report any suspi-
cious persons lurking around
their neighbourhoods.

Police also advised residents to
ensure that their homes were
properly secured and their prop-
erty well lit before retiring to bed.
The police emergency numbers
are 919 or 911.

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Retired Nurse Louise Cooper Smith, 81

a resident of ._Leewood

East,

held

Yamacraw,will be
at St. George’s

Anglican Church,Montrose

Ave,

on Tuesday at

11:00a.m. Officiating — will

be Fr.
assisted by Fr.
Russell

Kingsley Knowles,
Kirkland

and Fr. Roland

Hamilton.

Interment follows in

Lakeview Memorial

Gardens, JFK Drive.Left to cherish her
memory are her 3 sons, Bradley, Ray and
Wadye smith; 1 daughter, Marsha Knowles;
2 daughters-in-law, Annamarie and Gail
Smith; 1 son-in-law, George Knowles; 10
grandchildren, Brianna, Jarrod, Raygail,
Ray, Reo, Romel, Regan Smith, Totcina,
Euphemia and Krystal Knowles; 10 great
grands; 9 siblings, Mrs. Geraldine Barr
and family, Atwood Cooper and family, Vitzel
Cooper and family, Mrs. Gloria Bethel and
family, Mrs. Emma Johnson and family, Mrs.
Patsy Lyles and family, Mr. Louis Cooper
and family, Mrs. Jean Knowles and family,
Mrs. Viola Wildgoose and family; 3 sisters-
in-law, Mrs. Deloris Cooper and family, Mrs.
Maria King and family and Mrs. Carolyn
Smith and family; 4 step daughters, Mrs.
Patricia Moxey and family, Mrs. Judy Smith
and family, Mrs. Mary Thompson and family
and Mrs. Theresa Smith and family and a
host of other relatives and friends especialy
Fr. Kingsley Knowles, St. George’s Parish
Church family and the Guilde of St. George's.

respects
at Demeritte’s Funeral Home,
Market Street, from 2:00 p.m.-
7:00 p.m.on Monday and atthe church and on
Tuesday from 10:00 a.m. until service time.

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THE TRIBUNE) MONDAY, SEPTEMBER 1, 2008, PAGE 15













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Dispute over
g3am card assets.
closer to final
Settlement

Court-ordered freeze on
Leadenhall assets lifted

M@ By NEIL HARTNELL

Tribune Business Editor

A LONG-RUNNING dis- :
pute involving a Bahamian :
bank and trust company’s $33 :
million credit card portfolio :
is on the verge of being set- :
tled, Tribune Business under- :
stands, a development that :
several }
'. headaches plaguing the insti- }

could remove

tution’s liquidation.

Some sources familiar with :
the situation suggested that :
the dispute between Leaden- :
hall Bank & Trust and First :
Financial Caribbean Trust }

Company had been settled,

but the latest report on Lead- :
enhall’s liquidation stated only :
that the Mareva Injunction on :
the former Bahamian bank’s :

assets had been removed.

Craig Gomez, Leadenhall’s ,

liquidator, said in his seventh :
report to the Supreme Court :
that following an “out-of- :
court” meeting with First :
Financial and its representa- :
tives, the latter “consented to :
lift the injunction on the :

bank’s assets”.

A Supreme Court execut- :
ed on July 9, 2008, duly put :
that into effect, indicating that :
the dispute — which had infu- :
riated many-former Leaden- :
hall cardholders, who.were :
unable to get their deposits :
back -- is at least drawing toa }

close:

around a Deed‘of Retirement,

Appointment and Indemnity :
that Leadenhall executed on :
March 15, 2002, appointing :
First Financial as the new }
trustee for the MasterCard ;
security deposits it previously :

held.

Those deposits had been }
used as security against any :
unpaid debts run up by Lead- :
enhall’s former MasterCard
portfolio clients, the credit }
cards having been issued by:
another former Bahamas- }
based entity, Axxess Interna- :
tional, which had several }
directors and shareholders ;: |
common to Leadenhall. The :
prime mover behind the ;
Axxess operation, Christo- }
is also :
involved heavily with First }

pher Donnachie,

Financial.

The dispute broke out when }
Turks & Caicos-based First :
Financial alleged that Lead- :
enhall transferred only $14.25 :
million of the total $33 mil- °;
lion in cardholder deposits to }
it, forcing it to take out and }
obtain the injunction ‘to pre- |

SEE page 8B



The case had revolved



MONDAY,

@ By NEIL HARTNELL
Tribune Business Editor

. THE Bahamas is setting “a
very dan ve precedent for
the Caribbean” by persisting
with a compulsory licensing
regime that potentially allows
Cable Bahamas to retransmit
encrypted and pay-TV signals
without having to pay for them,
one industry association having
urged Washington to move to
“immediate bilateral engage-
ment” with the Government
over this.

Sean Spencer, president of
the Television Association of
Programmers (TAP) for the
Latin American region, an
umbrella body for more than
30 pay TV channels, said the
Bahamas had failed to properly
implement the amendments to
the 2004 Copyright Act that
narrowed the compulsory
licensing regime’s scope.

SEPTEMBER

a

TE cae a bisa NE

Bahamas setting ‘dangerous
precedent for the Caribbean’ Occ

* Pay-TV rights holders allege nation failed to ‘follow through’

on commitment to narrow compulsory TV licence

* Pressing Washington to engage Bahamas on issue ‘immediately’
* Government, Cable Bahamas concerned on access to
English-speaking programmes



As a result, Cable Bahamas
was still able to download,
decode and retransmit US and
pay-TV signals without having
to pay royalties fees to the sta-
tions, programmers and other
copyright holders, Mr Spencer
argued. There is no suggestion,
though, that Cable Bahamas
has done anything illegal.

“Tt continues to be a very
serious and big issue,” he told
Tribune Business. “Compulsory
licensing regimes are standard
operating practice for free over-
the-air broadcast stations and
negotiating rights for spillover

Bank ‘very cautious’

on new headquarters —

* Sill on target for March 2009 ground
break, but only if key tenants in place
* Top executive says credit rebound
likely in 2009 last quarter

@ By NEIL HARTNELL

Tribune Business Editor _

BANK of the Bahamas Inter-
national will “not. break
ground” on construction of its
new West Bay Street corporate
headquarters until key tenants
ate in place, its managing direc-
tor telling Tribune Business it
was “being very cautious” due
to the uncertain economic cli-
mate.

Paul McWeeney explained
that while Bank of the Bahamas
International was still on track
to break ground in March 2009
as planned, much would depend

on whether it-was successfully
‘able to lease the property out to

key tenants over the next seven
months.

The bank will. occupy one-

third of the office space at its
new: corporate headquarters,
which will be situated in
between the Nassau Palm
Resort and Dockendale House,
with the remaining two- thirds
leased to tenants...

But with Mr McWeeney
believing that commercial bank
lending and credit growth are

‘only likely to recover by late

2009, Bank of the Bahamas
International will “not rush in”
to construction of its new head-

i. quarters.
“It’s all systems go, but we’re |

determining the best course of

_ action because of the economic

climate,” Mr McWeeney told

Tribune Business.

“The plans have been
finalised and the final drawings

' were submitted to me a few

weeks ago. The plans are still
to break ground in March 2009,
and hopefully between now and
then we will wrap up all the
leases.

“We are still moving ahead
with the plans, but will not rush
into that before we’re ready to
do it. We’re talking to several
potential clients, but are not
ready to break ground unless
we have substantial tenants in
place.”

Mr McWeeney said that “by

_ the last quarter of next year, we

may see a sustained rebound” in
credit demand and lending, but
said the. short-term would be

soft as Bahamian commercial
banks tightened lending crite-
ria to ensure they did not “take
unnecessary risks at this time”.

SEE page 6B






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Airport project
seeking $25m







Aim to have
$200m first phase
finance in place
by October

@ By CARA
BRENNEN-BETHEL
Tribune Business

_ Reporter














signals from one country to
another.

“The big problem with the
Bahamas compulsory licensing
regime, specifically, is that it’s
the only one in the world that

AES: “Time for an
answer’ over LNG

* Proposed $65m wind farm venture

could supply 10% of New Providence

power needs within two years

@ By NEIL HARTNELL
Tribune Business Editor

permits pay-TV signals on it. It
allows Bahamian cable opera-
tors to take whatever they want,
without authorization and with-

SEE page 6B

THE Nassau Airport
Development Company
(NAD) is looking to raise at
least $25 million of the $200
million needed to finance
the first phase of Lynden
Pindling International Air-
port’s redevelopment from
the domestic Bahamian mar-
ket, and is aiming to have all
funding in place by October.

Airport Authority chair-
man Frank Watson told Tri-
bune Business that NAD
was looking to go to the cap-
ital markets and secure the
$200 million needed for the
first phase very soon.

He explained that of that
sum, NAD was looking to
secure at least $25 million in
the Bahamian market and
have all its funding in place
by October. This is when it
expects to begin initial work,
such as the realignment of
the sewerage and electrical















AES Corporation is looking for
the Government to make a deci-
sion on whether to approve its liq-






uefied natural gas (LNG) project systems, arid clearing
before year-end, its LNG manag- ground. |
Mr Watson said NAD was




ing director telling Tribune Busi-
ness: “It’s time for an answer.”
Aaron Samson said that while
the company had yet to hear from |
the Government and the Bahamas
Electricity Corporation (BEC) on
its proposal to supply the latter’s | ~

SEE page 7B...




hoping it can award the con-
struction contract for the
physical work by the first
. two weeks of 2009, with the
actual work starting soon
thereafter.

SEE page 8B..














‘AUG escutatsie 3 cake












www. micronet.bs

icronet

~ BUSINESS TECHNOL





PAGE 2B, MONDAY, SEPTEMBER 1, 2008

THE TRIBUNE





& By ROYALFIDELITY
CAPITAL MARKETS

IT WAS a moderate trad-
ing week in the Bahamian
stock market with investors

trading in six out of the 19 list- _ ter, an increase of $1.6 million. $210,000 or 5.8 per cent. SYMBOL cee CHANGE Ace ¥ED PRICE
ed companies. Of those trad- _ or 10 per cent, while total ben- Total expenses grew from MI $1.81 $ 49
ed, three. suffered price efits increased substantially by $4.7 million to $6.1 million, an : : 0 9.0 %
declines and three remained $2.5 million, or 26.3 per cent, increase of $1.3 million or BBL $ 0.89 $- 0 4.71 7
unchanged. to $12.1 million from $9.5 mil- 28.17 per cent, resulting from | BOB $8.50 $- 0 -11.55%
A total of 61,776 shares _ lion for the 2007 second quar- _ substantial increases in salaries BPF | $11.80 $- «0 0.00%
changed hands, a significant __ ter. and staff benefits, in addition | BSL | $14.60 $- 0 0.00%
increase of 28,293 shares, or In addition to the move- to higher general and admin- BWL $3.49 $- 0 -4.64%
84.5 per cent, in comparison ments in premiums and bene- — istrative expenses. | CAB © $ 14.11 $- 200 17.10%
to last week's trading volume fits, FAM experienced a Total assets of FBB climbed CBL $ 6.77 $-0.11 37,170 -19.69%
of 33,483 shares. decline of $829,000 in the to $267.7 million, an increase CHL | $2.88 $- 8,981 -8.57%
Commonwealth Bank unrealised depreciation of its of $44.1 million or 19.7 per CIB $ 11.55 - 0 -20.89%
(CBL) led the market's vol- investments, reporting a loss cent, while total liabilities of CWCB $4.60 $- 0 -8.73%
ume with 37,170 shares, falling of $377,000 compared to a $234.5 million rose by $43.7 | DHS © Ly. beet $- 0 17.02% .
by $0.11 or 1.6 per cent- and gain of $452,000 in the 2007 _ million or 22.88 per cent from FAM $8.06 $-0.04 1,000 11.94%
losing its gains from last . second quarter. — year-end 2007. FBB ae | $- 0 -10.57%
week's advance - to close at For the most recent quar- FCC | $0.44 $- 0 -42. 86%
$6.77. FOCOL Holdings . ter, basic earnings per ordi- Bahamas Supermarkets FCL $5.49 $-0.01 13.625 5.98%
(FCL) followed with 13,625 nary share declined by $0.21 . (BSL) released its audited FIN | 12.50 $- | 800 3 471%
of its shares trading, also: or 95.5 per cent to $0.01 from _year-end results for the period ICD $5 57 $- 0 23.17%
Z . . . : . ‘oO
decreasing by $0.01 to close $0.22 in the second quarter ending June 27, 2007. BSL JSJ $12.00 $. 0 9.09%
at $5.49. 2007. reported a net loss for the year PRE : 0, 00%

Colina Holdings (Bahamas)
(CHL)*came in third with a
volume of 8,981 shares,
remaining unchanged at $2.88.
FamGuard Corporation
(FAM) also declined this
week, with 1,000 shares, drop-
ping by $0.04 or 0.49 per cent,

|
. to end the week at $8.06. (FBB) released its un-audit- million or 13.2 percent. Oper- | INTERNATIONAL MARKETS
ed financial results for the ating and administrative
COMPANY NEWS: quarter ending June 30,2008. expenses increase to $33.4 mil- FOREX RATES

Earnings Releases:










FamGuard Corporation’ months of 2008, a rise of Total assets and liabilities CAD$ | 0.9404 -1.54
(FAM) released its unaudit- $2,300 or 0.43 per cent from — stood at $32.7 million: and GBP \ 1.8231 -1.54
ed financial results for the $538,800 for the same period $15.1 million respectively, EUR | A671 -0.74
quarter ending June 30, 2008. in 2007. compared to $34.9 million and
For the most recent quarter Total income climbed from $11.8 million at year-end 2006.
net income fell sharply by $5.3 million to $6.6 million,
$2.06 million, or 95.9 per cent, ‘increasing by $1.3 million or . ~
to $88,600, in comparison to 25.35 per cent in comparison DIVIDENDS/ COMMOD EES Weekl % Change

, AGM NOTES: | |. he oe
j | Crude Oil : 115.42 +0.62
Share your news | .c7°s52 "ves, fer “10

| from people who are
| making news in their
neighbourhoods. Perhaps
you are raising funds for a





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

Do more than make qa deal.....

Start a partnership ©

Wherever you are, FirstCaribbean is right there with you.

Having a relationship with FirstCaribbean Corporate Banking means having a one-on-one relationship
with one of our trusted financial experts. Our successful team takes pride in creating innovative
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With FirstCaribbean, you have access to leading-edge advice. We cover the Caribbean like no other

| The Tribune wants to hear



_RoyalFidelity Market Wrap

$2.2 million for the same pert:
od in 2007.

FAM reported net premi-
um revenue and deposits of
$17.5 million, versus $15.9 mil-
lion in the 2007 second quar-

Total assets. and liabilities
stood at $166.8 million and
$111.3 million respectively,
compared to $161.1 million
and $107.1 million at ne
2007.

Fidelity Bank (Bahamas)

FBB reported net income of

$541,000 for the first six-.

| pany











_ to the prior year. Non-interest

income of $2.8 million
increased by $1.1 million or
69.2 per cent comparatively,
while net interest income of
$3.9 million increased by

of $189,000 versus $8.1 mil-
lion at year-end 2006, a
decline of $8.2 million. | |
Net sales declined by
$924,700, or 0.66 per cent,
from $141 million to $140.2
million, with gross profit of
$32.9 million declining by $4.9

lion from $30 million for the ©

same period in 2006.

BDRs. (CWCB)
declared a quarterly dividend
of $0.013 per share, payable
on November 7, 2008, to all
shareholders of record date
September 30, 2008.

# good cause, campaigning Bahamas Supermarkets DJIA $1,543.96 _-0.72
| for improvements in the (BSL) announced that it will | S & P500 \ 1,282.83 -0.73
) area or have won an be holding its Annual Gener- NASDAQ i 2,367.52 -1.95
i award. -al Meeting on Tuesday, Sep- Nikkei 13,072.87 43.21

tember 16, 2008, at 6pm at the

British Colonial Hilton, 1,Bay
Street, Nassau,:Bahamas.2$i:).':







TRADING STATISTICS

Week ending 29.08.08






FINDEX 855.67
(-10.12%) YTD







BISX

























$10.00 $ tO




PRIVATE PLACEMENT OFFERINGS:

FOCOL Holdings (FCL) announced that it will be extending the deadline of its private
placement offering. The preferred shares will be paying a dividend rate of prime + 1.75 per
cent, payables st mi-annually.











% Change





































INTERNATIONAL STOCK MARKET INDEXES |
Weekly






% Change























{

bank, with our regional experience, that’s fortified with strong international linkages.

Let’s talk.

For further information, contact our a oe aes centre at: eee 322 - 8455

Q « FIRSTCARIBBEAN

INTERNATIONAL BANK

ay www .firstcaribbeanbank.com

FirstCaribbean international Bank is a Member of the CIBC Group. CORPORATE BANKING



-



THE TRIBUNE

MONDAY, SEPTEMBER 1, 2008, PAGE 3B



Full Clearing House
testing ‘in week or so’

“By NEIL HARTNELL
Tribune Business
Editor



FULL testing of the pro-
posed Automated Clearing
House (ACH) system,
involving all Bahamian
commercial banks, is due
to start “in a week or so”,
the head of the project
committee.telling Tribune
Business that it was “still
on target” to go live in
mid-October 2008,

Paul McWeeney, head of
the Clearing Banks Asso-
ciation’s (CBA) ACH
working group, said: “As
far as we’re concerned, all
the banks are working dili-
gently to make sure it
becomes a reality before
the end of the year.

“We’re progressing every
day on it. The October
deadline is achievable, and
we’re working hard to meet
that timeline. Right now,
we’re about to commence
overall testing with all the
banks.

“It’s due to start in a
week or so, and will
involve the éntire multi-
tude of transactions. It will
be tested in that environ-
ment between all the
banks.”

The ACH has the poten-
tial to benefit and impact
every Bahamian resident
and business, as it will
increase the efficiency,
integrity and certainty of
all financial payments and
transactions, potentially
lowering the costs involved
for all concerned.

Among the functions that
the ACH’s first phase will
bring in are automated
cheque clearing, plus direct
debits and direct credits.

The ACH is also intend- |
ed to replace the current_.



“As far as we’re
concerned,
all the banks
are working
diligently to
make sure it
becomes a .
reality before
the end of the
year. We’re
progressing
every day on it.”



Paul McWeeney

manual system for settling
cheque transactions, where
cheques drawn on one
bank but due to be deposit-
ed at another have to be
taken by armoured car to

a central location where -

they are settled by repre-
sentatives of the various
institutions.

It is designed to improve
the integrity of the [bank-
ing] system, with persons
able to know the full val-
ue of goods involved in a
transaction almost imme-
diately, and enhance cash

flow. throughout the
Bahamian economy and
society.

Mr McWeeney told Tri-
bune Business: “It’ll be
really good for the coun-
try. It creates the environ-
ment for other things to
take place, and involve-
ment of the private sector
to drive the changes that
are happening.”

_ Among the developments



that could ultimately flow
from the ACH is “full trun-
cation”, with the bank
office processing centres
currently operated by all
banks consolidated into
one.

This, Mr McWeeney said, .

would “streamline costs”
associated with the bank-
ing sector and allow. its
institutions to “focus on
the development of finan-
cial services products”, It
would also create spin-off
business opportunities for
entrepreneurs in the fields
of data storage and imag-
ing.

“We have the ability to
have a National Processing
and Archiving Centre
under this scheme. It
depends if the banks want
to do that,” Mr McWeeney
explained.

The ACH could lead to
the development of a rela-
tively cashless society,
meaning that businesses
will not hold so much cash

Excellent Location. Great Possibilities



“Western New Providence continues to grow,











Several attractive leases are available to suit many businesses. T
include Medical offices, Dental offices, general offices, a restaurant a
_ gym Facility with both a swimming pool and indoor courts.





space for oe

t Ay
|

Whether you’ re looking for a new business opportunity, to expand: ou
r move your business to the hottest side of New Providence, ;

|

For more information cal 302-4701



stable,increasing market, Our Western Medical Plaza i is we l plac -d for
to take advantage of these opportunities.



ma DOCTORS HOSPITAL

Health For ne



rather than manually at a

LIME TREES

FOR SALE
(BEARING)
$30.00 each

em Ee

THE GARDEN RESTAURANT

DOWDSWELL ST., BETWEEN CHRISTIE & ARMSTRONG STS.
SUNDAY - FRIDAY: 7AM- 4 PM

Tel. 356-0907
DINE IN/TAKE OUT
BREAKFAST FROM $1.50
LUNCH FROM $5.00.

Serving Native and Vegetarian Dishes
STREET PARKING NOW AVAILABLE

in the tills, a tempting tar-
get for armed robbers.
Apart from allowing
inter-bank cheques to be
processed electronically

cheque clearing facility, the
ACH system will allow
direct debits and credits
from accounts, debit cards
and a shared Automatic
Teller Machine (ATM)
network.

_ The latter would allow
Bahamians to use their
cash cards at any bank
branch: It would also
reduce the time persons
spent in line waiting to
cash and deposit pay
cheques, as they could be
deposited to their account.

Bahamian consumers
would also be able to use
direct debits from their
bank accounts to pay bills
such as cable television and
electricity.

The ACH may also help
develop SWITCH prod-
ucts, where Bahamians
could use their cash cards
at any bank's ATM
machine.

A further potential bonus
from the ACH will be the
opening up a whole range
of electronic banking ser-
vices in the Bahamas,
including its use in the _
online purchase of govern-
ment goods and services.

Ultimately, through mod-
ernising the Bahamian pay-
ments system through elec-
tronic means, the ACH will
provide buyers and sellers
with more certainty and
confidence, especially
when it comes to settling .
their transactions.

It will also enhance eco-
nomic and business effi-
ciency by settling transac-
tions quicker, boosting
business cash flows.

EMPLOYMENT OPPORTUNITY
SECURITIES COMMISSION OF THE BAHAMAS

The Securities Commission of The Bahamas (the Commission),

a statutory agency responsible for the oversight, supervision and |
regulation of the investment funds, securities and capital markets in or
from The Bahamas, as well as the supervision of Financial and Corporate
Service Providers, invites applications from apalies Bahamians for the
following position:

Senior Field Exami

Responsibilities:

* Conducting on-site inspections of entities licensed or registered by
the Commission

¢ Assisting in the enforcement process addressing deficiencies
identified in the inspection

Qualifications and Experience:

* Bachelor’s degree in Accounting or Finance

° 2-4 years experience in auditing or public accounting
¢ Knowledge of the securities industry a plus

¢ Supervisory experience

Competencies:
¢ Excellent oral and written communication skills
i ° Proficient in computer skills (Microsoft Office applications
particularly Word and Excel)

i Acompetitive salary and benefits are being offered. Interested persons ;
should submit applications in writing marked
“Private and Confidential” to:

MANAGER — CORPORATE AFFAIRS
SECURITIES COMMISSION OF THE BAHAMAS
P. O. BOX N-8347

NASSAU, BAHAMAS
Fax: 356-7530
E-Mail: info@scb.gov.bs
Applications should be received no later than September 5, 2008



































-

BSI OVERSEAS (BAHAMAS) LIMITED

BSI Overseas (Bahamas) Limited, Nassau, Bahamas, an et
international private bank, with its headquarters in Lugano, Switzerland,
presently accepting applications for

PRIVATE BANKING RELATIONSHIP MANAGER



Applicants for the position of PB Relationship:Manager must have a banking
or financial degree and 7-10 years experience in the offshore banking sector,
have knowledge of international investment, instruments & money market,
ability to partner with team members, must be confident regarding customer
relations, investments & portfolio management and have thorough knowledge
of local legislation, regulatory & statutory matters as well as international
banking practices. Fluency in Italian & French is required.

Personal qualities :-

Excellent organizational, ‘communication and coffpltét skills
Goal-oriented, self-motivated, positive attitude and outlook
Commitment to quality and service excellence
Able to work with minimal supervision
Strong Team attitude
Financial and analytical background
Flexibility in office hours and hands-on approach when. necessary
Must be able to work under pressure
Available to travel



Responsibilities :-

Service & advise customers

Maintain & follow up account relationships

Liaise directly with customers or their investment advisors

Monitor, analyze positions and evaluate reports

Foster and maintain communication with internal/external banking
professionals

Meet deadlines on timely basis

Meet target in terms of Profitability and Acquisition of Net New Money



Interested persons with such qualifications should submit their

resume/curriculum vitae to:-

Human Resources Manager

BSI Overseas (Bahamas) Limited
Goodman’s Bay Corporate Centre
P. O. Box N-7130

Nassau, Bahamas

Fax no. (242) 502 2303 or email: ruby.kerr@bsibank.com

(



ABSOLUTELY NO PHONE CALLS PLEASE)





PAGE 4B, MONDAY, SEPTEMBER 1, 2008

BUSINESS

THE TRIBUNE



La aboring longer a growing trend for Americans

m@ CHICAGO
Associated Press _

\MERICANS are changing
he game plan for retirement,
vith millions laboring right past
he traditional retirement age

nd working into their late 60s
nd- beyond.

While the average retirement
ge remains 63, that standard
1ay soon be going the way of
re gold watch — a trend expect-

ed to accelerate as baby
oomers close m on retirement
ithout sufficient savings.

For 64-year-old John Lee,
retirement'' bears a strong

een 3 tp

Sr

NAD

Nassau Airport

Development Company

The Nassau Airport Development Company Ltd. invites
proposals for providing Local Placement Agent and
Collateral Agent Services in connection with the offering
of senior and subordinated debt securities to Bahamian

investors.

Request for Proposal (RFP) packages may be collected
from the corporate office of Nassau Airport Development
Company in Terminal 4 at the Lynden Pindling
International Airport between the hours of 10:00am to
4:00pm commencing ‘September 1, 2008.



the Nature
Cc onservancy

preferred.

JESS SS

y director and staff.

acting neture, Biscerving Hite.

_ CONSERVATION PLANNER

Location: Nassau, Bahamas

ESSENTIAL FUNCTIONS:

Performs conservation and science project work, ‘acidine the development of
Management Plans and Ecoregional plans or site based work organized around critical
tureats, and ecological management strategies for the Bahamas Archipelago.
Provides technical support and. quality information to Ecoregional planning teams to

a best facilitate the design of Ecoregional portfolios of sites. Technical support includes
8 compiling, analyzing, and managing a variety of biotic and abiotic data sets including
iF bi-national information on the status and distribution of ecological communities and
imperiled plant and animal species.
|, ° Responsible for coordinating budgets, expense tracking, organizing and facilitating

il participatory workshops with a variety of internal and external stakeholders. Responsible
for developing and updating content for conservation planning Websites, contributing
materials to program reports, assisting with conservation modules on new employee
‘and existing staff training. Provides overall administrative and travel support to the

resemblance to his full-time
working career — full-of 40- and
50-hour weeks as an IT techni-
cal support specialist.

He's not strapped ‘but likes
the extra cash and the feeling
of being needed. :

But for Melissa Fodor, a
retired travel agent who works
part-time as a caregiver for the
elderly, the extra work ''keeps
my head above water'' and
there's no end in sight to that
financial] need at age 68.

Although the work is satisfy-
ing, she confides that ''finan-

cially I'm kind of scared most of:

the time. -





































REQUIRED KNOWLEDGE AND SKILLS:
° Bachelor’s degree in science-related field and 2-3 years related experience, graduate
degree and.0-1 year of experience, or equivalent combination. Prior field experience

Knowledge of natural systems and natural systems management techniques
Analyzing, manipulating, and interpreting data, including statistics

GIS experience, including ability to utilize data to create appropriate maps
Database management skills including report production
Completing tasks independently. with respect to timeline(s). .
Managing and prioritizing tasks from multiple sources
Wor king knowledge of common software applications (e.g.; Word, Excel, Web browsers).
° Communicating clearly via written, spoken, and graphical means in English

COMPI EXITY/PROBLEM SOLVING:

Coordinates multiple projects with several variables, setting realistic deadlines and

mane wing timeframes

i Interprets guidelines, evaluates fafornation, and modifies processes to adapt to changing

circumstancés

ompiles data, resolves disparities, and modifies processes to generate plans
.esolves routine issues independently, consulting with SUPSEVISOT, to develop plans for
a re solution of complex and unusual problems

” ORKING CONDITIONS/PHYSICAL EFFORT:

-Capacity to handlé complex tasks under pressure and under stringent time constraints.
¢ Ability to work in variable weather conditions, remote locations and often in physically
demanding circumstances. Valid driver’s license and a safe driving record.
e Work requires occasional physical exertion and/or muscular strain. Work involves
several disagreeable elements and/or exposure to job hazard’s where there is some

possibility of injury.

° Ability to travel approximately 25% of the time

ONLY ONLINE APPLICATIONS WILL BE REVIEWED.

Apply online at www.nature.org/careers

Applications are Due September 5, 2008

, The Nature Conservancy is an Equal
AD Oppce rtunity Employer

“Because what should hap-
pen if my health and my body
fail?"

M@ Growing evidence docu-
ments that people are working
longer as they live longer.

Twenty-nine percent of peo-

_ple in their late 60s were work-

ing in 2006, up from 18 percent
in 1985, according to the
Bureau of Labor Statistics.
Nearly 6 million workers last
year were 65 or over.

Over the next decade, the
number of 55-and-up workers
is expected to rise at more than
five times the rate of the overall
work force, the BLS reported.

A slowing economy and stock
market, squeezing funds set
aside for retirement, also are
contributing. ,

In an April survey conducted
for AARP, 27 percent of work-
ers age 45 and over, and 32 per-
cent of those 55-64 said they
had pushed back their planned
retirement date because of the
economic downturn. The tele-
phone poll by Woelfel Research
interviewed 1,002 respondents
and carried a sampling error
margin of plus or minus 3.1 per-
centage points.

“'We have people who are .
* healthier, who are living longer

and have more economic rea-
sons to stay in the work force,"

said David Certner, AARP's'

legislative policy director. ''On
the employer side, you have
greater demand for experienced

(older) workers. That all adds

up to longer work lives.''

M Lee never envisioned
putting in long work weeks in
his mid-60s.

The Marietta, Ga., resident
battled frequent work stress
before taking early retirement
from Coca-Cola Co. at 55. He
lay wide awake for many rest-
less nights thinking about the
job, and believes all the strain

‘caused health problems in the

form of fibromyalgia and chron-
ic back pain.
‘But when his. old employer

called offering contract work at ,

his specialty, mainframe sys-
téms, he gladly accepted. Tennis
and golf hadn't worked out as
retirement hobbies, and he
decided he could use the money
for occasional trips overseas
and to help out his children and
grandchildren.

"Going back to work wasn't

. .the plan,'' he said. ''But after I
‘retired; before they called me, I












really didn't have anything to
do. So when they called, I
jumped on it."

Lee, who makes more than
$50,000 from the contract work,
isn't the only one in his house
working after retirement. His
wife Joyce, 60, also took early
retirement but went right back
to work as a real estate agent.

They say the extra household
income supplements their com-
bined $3,000 a month in com-
pany pension payments and
adds to $1.3 million in assets to
assure their retirement will be
financially comfortable — if and
when it happens.

"Tf there's some project to be
done next year, when they call
I'll just go do it,'' he chuckled.

MH Working longer is gener-
ally the best option for those

‘who come up short on retire-

ment savings. And with many
people's investment portfolios
and 401(k)s down significantly
in recent months, it has become
a compelling alternative for
many retirees or near-retirees
to having to live on less.

“It's always been a good idea,
but right now it can be an espe-
cially good idea,'" said Chris-
tine Fahlund, a senior financial
planner with T. Rowe Price.
"You really don't want to be
pulling more money out of a
portfolio that's already down."'

-In a recent report, the invest-
ment management group said
continuing to work full time
past one's anticipated retire-
ment date could increase annu-
al retirement income by. about 7
percent for each additional year
of work.

' Working another three years
— from 62 to 65, for example —

- and continuing to save 15 per-

cent of salary could raise annu-
al income from investments by
22 percent. Make it five years
and boost savings contributions
still higher — even better.

Putting off retirement also
may enable people to delay
when they start taking Social
Security benefits, which can sig-
nificantly increase payments.

"The longer the delay, the
better''. financially, said
Fahlund. ''To me the ideal
would be 70, because you get
the biggest Social Security ben-
efit possible and all those addi-
tional years of employment.
And it keeps you going mental-
ly and physically too."

If toiling extra years doesn't |

sound very palatable, a wanna-





be retiree may wish to consider
spending some of the addition-
al work earnings on hobbies,
travel, education or other retire-

.ment dreams to make it seem

more worthwhile.

"Delaying retirement retire-
ment does not necessarily mean
delaying gratification,'' Fahlund
said.

Such a strategy, she said,
could still increase retirement
income from investments by 4
percent per year, or 12 percent
after three years, since the
retiree would not have to tap
existing savings.

B Fodor says that ''to work is
to have dignity.'' But she has
little choice but to keep labor-
ing because otherwise she
couldn't pay her bills.

The Morrison, Colo., woman
ended her more than three-
decade career as a travel agent
when work dried up following
the 9/11 attacks, but hasn't
stopped working through her
60s. First she sold paint at a
home improvement store for
seven years. Now she puts in 17
hours a week as a certified nurs-
ing assistant and another 10 to
15 hours walking dogs and pet
sitting.

Divorced and with no chil-
dren, she says she will have to
work ''forever'' to make up for

FERREIRA & COMPANY

Environmental Consultants
Attorneys-At-Law

a lack of savings since Social
Security doesn't go far enough
to make ends meet.

Caring for seniors, a job she
loves, pays just $9 an hour and
dog walking pays less. Squeezed
by rising prices and still $20,000
in debt on her condo, she
stopped buying meat, beer and
pricier vegetables and cheeses
this year and is making other
cutbacks.

"I feel blessed with the good
health that I have. But I'm a lit-
tle bit bitter because I don't
think I should be scared finan-
cially at 68,'' she said, adding
that she blames only herself for
not saving more.

What disturbs her more than
her situation, though, is that of
all the men in their 60s, 70s and
even 80s she: worked with at
Lowe's.

After losing their jobs as
engineers and scientists, they
now stock shelves just to sur-
vive. But they hide when fellow
retirees come in, she said,
because they don't want people
they knew from their country
clubs and higher-income jobs to
see them.

When people work out of
desperation and not choice, in
other words, it carries little dig-
nity.

"That's just not right,'' she

. said. ''That hurts me to see that.

Some of these people are sup-
porting their grandchildren."

Employment Opportunity











Ferreira & Company is seeking the services of an
Attorney. Experience or‘interest in Environmental
Management would be an asset but is not essential.

Salary commensurate with experience.
Applications will be held in strict confidence.

-All applications should be received no later than

September 15th, 2008.

Apply via email to:
romi.ferreiraandco@coralwave.com






Public Utilities Commission

PUBLIC NOTICE

: PUBLIC CONSULTATION
BAHAMAS NATIONAL
‘NUMBERING PLAN

'

licensees,

document on. the

Numbering. Plan

The goals of this consultation are to:

The Public Utilities Commission (PUC) hereby invites comments from
other stakeholders and the general public on its consultation
National

for The Bahamas.

inform licensees, other stakeholders and the general public of the PUC’s
intention to develop a National Numbering Plan to administer and

manage numbering resources. for current and future needs;

comments from: licensees, other stakeholders and the general

invite
public.

and

Section 6(4) of the Telecommunications Act, 1999 requires the PUC to act in
a timely, transparent, objective and non-discriminatory manner and consistent

with the objectives of the Act.

While section 6(5) of the Act requires the

Commission to publish its proposals on any general instruction intended to be
issued under any part of the Act and allow a reasonable period of consultation.

Copies of this document can be obtained from the PUC’s office located at

4" Terrace East, Collins Avenue .

by September

Executive Director

Written comments should be submitted
26, 2008 via post, hand delivery, facsimile or e-mail to:

Public Utilities Commission

P.O. Box N-4860
Fourth Terrace East

Collins Avenue

Nassau, Bahamas
Fax: 242 323-7288

Email: info@pucbahamas.gov.bs.





3 THE TRIBUNE | MUNDAY, SEP | EIIBEH 1, 2UU8, PAGE ob



FOR SALE OR RENT
EASTERN ROAD

3 or 4 Bed
Ocean Villa with Pool and Rainwater Tank



For more information, please call
322-4187 or e-mail: hw @realestateint.com



Photo by Tim Aylen for DP&A



- Clearing House team visit with Central Bank governor

8 With the Automated Clearing day clearance of Bahamian dollar The new process is slated to go Ces
|’ House’s (ACH) introduction slat- . cheques and debits, modernising _into effect before the end of next 4 bed, 3 1 i Z bath, S spit le ve I hous é.
ed for October 2008, representa- banking in the Bahamas. month. located on lots 4 & 5, block 5.

__ tives of Bahamas-based retail and
‘| corporate banks, and the
Bahamas Automated Clearing LEGAL NOTICE
House (BACSH), paid a courtesy

WenyGue etsy Ye NOTICE

Pictured seated front row, L to /
R: Luis Carlos Ochoa, country
business head for Citibank and W = L f= | Mi IT = D
chairman of the Clearing Banks
Association; Wendy Craigg, gov-

ernor, the Central Bank; and Paul | Pyrsuant to the provisions of Section 137 (8) of the
McWeeney, managing director,

, Bank of The Bahamas and Chair- _ | International Business Companies Act, 2000, NOTICE is
¢ man, BACH. i imi i

Stunding, to'R: Derek Rolle: hereby given that Wele Limited, has been dissolved and
deputy manager, banking depart- | has been struck off the Register with effect from 11" day of
ment, Central Bank; Cecile Sher- August 2008
man, manager, banking depart- ,
ment, Central Bank; Marie Coop-
er, assistant manager, BACH;
Brian Smith, business manager,

e



Ep EORTC

inn om



BACH; Diane Phillips, President, Mr. Gian Fadri Pindsch and Mrs. Jane Major

* DP&A Public Relations, and

{Barry BNinicitest senior deputy L| Q IDATORS ; 5;

t pce eRe department, c/o Banque Privée Edmond de Rothschild Ltd Interested persons should submit offers in writing addressed to:

be A CH Hatha eevee eae . 51 Frederick Street The Manager, Credit Risk Management, P.O. Box N-7518, Nassau, Bahamas
i ing banks, allowing confidential P.O. Box N-1136 : to reach us before September 19, 2098.

i ered selene or arama Nassau, Bahamas. For further information, please contact: 356-1608 or 502-0929

; BAHAMAS ELECTRICITY CORPORATION

c VACANCY NOTICE

o Le Practitioners (ahamas)

The Society of Trust and Estate Practitioners

STEP ;

in partnership with

INTERNAL AUDITOR
INTERNAL AUDIT DEPARTMENT

Vacancies exist in the Corporation for Internal Auditor in the Internal Audit Department,
Responsibilities of the position include, but are not limited to, the following:

Produces audit programs and submit the same for approval of the Chief Internal
Auditor

Conducts complete risk assessment for areas being audited
Conducts financial, operational and ITS audit assignments in accordance with
established audit programs. This involves a complete assessment of the systems of
internal control, risk exposures and the efficiency, effectiveness and economic use
of resources to achieve management objectives
Produces audit reports on audit concerns, their causes, effects and the audit
recommendations in accordance with the I[A Standards
Conducts some audit investigations, evaluate findings and produce investigation
reports: exercising the [A’s ethical standards e.g., confidentiality, etc.
Conducts reviews of budgetary systems (including variances analysis), policies,
manpower efficiency and new computer applications
Produces audit reports and submit the same to the Chief Internal Auditor for review
and release to management and the Audit Committee

Assembles audit files and conducts cursory reviews of audit files produced by the
Assistant Internal Auditors and the Audit Clerks
Trains, coaches and direct the activities of the Audit Clerks, and offers general
supervision and technical support to the Assistant Internal Auditor(s)
Conducts corporate research, and investigations on vendors and, conducts fraud
investigations. (producing the associated reports)
Assist the AGM/Chief Internal Auditor in the annual audit planning exercise and
offer direct assistance on major investigations
Conduct audits in conjunction with the External Auditors and produce working
papers for the External Auditors year-end audit
Conducts stock taking observation exercises, Family Island audits and special
assignments

Global Asset Management
GAM

2S a RRS ORS TREE RE RE TERI INY GS TA EASA T SE RET ERIN 7

Ee

Invite applications for a scholarship towards the completion of the
STEP Foundation Level Course

ewe eet are

Applicants should meet the following criteria-

v Bahamian citizen
v Currently employed within the Trust industry or wish to become
employed within the Trust industry

ERE RSA TEARS

Application forms should be obtained from STEP Bahamas at its administrative office
below, and submitted together with the following :

SAGA AER iGO ECCT CETTE G

Proof of Bahamian Citizenship (certified copy passport)
Current resume detailing employment history and career
aspirations

Details of any other funding sources

Job Requirements include:

pea

Bachelor degree in Accounting or other closely related discipline

Professional accounting certification (e.g... CA, CPA,), in addition completing the
CIA would be highly desirable

Understand and apply Internal Audit Standards and International Accounting
Standards

Good investigative, interviewing and analytical skills

Good problem solving skills

Knowledge of Microsoft Word & Excel computer programs. Also knowledge of
audit software and a good working knowledge of the H.T.E system are required
Good knowledge of the Corporation’s operating policies, systems and procedures
Management and supervision skills

A minimum of 5 years experience

te

Completed applications should be submitted/delivered to —

STEP Bahamas

Goodmans Bay Corporate Centre, First Floor
P. O. Box N-1764

Nassau, Bahamas

Tel: 323-6612

Interested persons should apply by completing and returning an Application Form to: The
Manager — Human Resources & Training Department, Bahamas Electricity
Corporation, Blue Hill & Tucker, P. O. Box N-7509 Nassau Bahamas on or before:

Monday, September 15, 2008.

Att onan ES

Deadline for applications is SEPTEMBER 10" 2008



/i



PAGE 6B, MONDAY, SEPTEMBER 1, 2008

THE TRIBUNE



Bahamas setting ‘dangerous |
precedent for the Caribbean’

seHdES COD

OF Te HABA

EMPLOYMENT OPPORTUNITY
SECURITIES COMMISSION OF THE BAHAMAS

The Securities Commission of The Bahamas (the Commission),
a statutory agency responsible for the oversight, supervision and
regulation of the investment funds, securities and capital markets in or
from The Bahamas, as well as the supervision of Financial and Corporate
Service Providers, invites applications from qualified Bahamians for the
following position:

Field Examiner

Responsibilities:

* Conducting on-site inspections of entities licensed or registered by
the Commission

¢ Assisting in the enforcement process addressing deficiencies

, Identified in the inspection

Qualifications and Experience:

* Bachelor’s degree in Accounting or Finance

¢ ] - 2 years experience in auditing or public accounting
* Knowledge of the securities industry a plus

Competencies:

¢ Excellent oral and written communication skills

* Proficient in computer skills (Microsoft Office applications,
particularly Word and Excel)

A competitive salary and benefits are being offered. Interested persons
should submit applications in writing marked
“Private and Confidential” to:

MANAGER — CORPORATE AFFAIRS
SECURITIES COMMISSION OF THE BAHAMAS
P. O. BOX N-8347
NASSAU, BAHAMAS
Fax: 356-7530
E-Mail: info@scb.gov. bs
Applications should be received no later than September 5, 2008









NOTICE
Austia Moxey, Registered Dental Hygienist,

would like to inform the public that she has RE-LOCATED with

STAR DENTAL CLINIC to a NEW LOCATION.

Our office is situated immediately West of Finco Bank

Opposite City Market Food Store, Rosetta Street.
ts providers, Dr. Anthony Davis and Dr. Cleveland Eneas Jr. can be
reached at (242) 393-7333, 356-5267, 356-2726, 356-2867

Fax (242) 328-7360 or
a Ss Box >: 6046, Nassau, Bahamas



" Walkei “INS Weic Fadl iH

FROM page one

out having to pay for it.

“In a.nutshell, it sets a very
dangerous precedent issue for
the rest of the region. Our
concern is that it sets a very
negative precedent, and now
other English-speaking coun-
tries throughout the region are
looking at similar [laws and
licensing regimes]. It’s all
based on the laws the
Bahamas has been able to
implement.”

Mr Spencer implied that the
‘bigger picture’ issue for his
organisation and its 30-plus
members, who include CNN,
Fox Sports, ESPN, MTV and
Discovery Channel, was that
if the Bahamas was able to
‘get away with it’, other
Caribbean states would look

' to follow suit.

Apart from making a major
dent in world copyright and
intellectual property rights law










Career Opportunity

A vibrant entity invites application from suitable qualified individuals for the
position of AGRICULTURAL MARKETING COORDINATOR

The successful candidate would be an individual with strong marketing skills
and a good working knowledge of agriculture management techniques and a
strong commitment to promoting the advancement of this sector.

DUTIES AND RESPONSIBILITIES:

e

agricultural marketing system.

¢ Responsible for the analysis and evaluation of the integrated

Development of an agricultural information system and

capacity building.

Provision of support of agricultural marketing projects

and programmes _ including

formulation,

start-up,

implementation monitoring and evaluation in collaboration

with the marketing team.

Provide ongoing monitoring of the marketing programme
to anticipate and troubleshoot problems and _ issues,
track milestones and concrete progress on activities and

recommend appropriate action. °

Provide quality assurance and review of the programme. _
Provide feedback and guidance to senior management with

respect to the programme development.

Provide BUPPOre in marketing development workshops and

events.

REQUIRED SKILLS AND ABILITIES:

BA Degree- Marketing
Minimum 7 years experience

Working knowledge of agricultural products
Working knowledge of the procedures for determining local

market conditions

Strong written and verbal communications skills

Excellent computer skills

Interested persons should submit a resume, police certificate,
testimonials, photograph and covering letter outlining

background and achievements to:
c/o DA 04733
P.O. Box N3207

Nassau, Bahamas

The closing date for applications is September 22, 2008



aperacecanatineanacanarcnesenace ase eseeesnacasenecoassacasneeaceaty





enforcement, it was an issue
that could potentially cost his
members millions in copyright

‘royalties fees.

Mr Spencer indicated that a
major stumbling block to
resolving the situation was
Cable Bahamas’ insistence
that it negotiate commercial
agreements with the rights
holders for domestic US pay-
TV and cable signals.

He pointed out that the
Bahamas, because it was not
part of the US, was considered
part of the Latin American
region when it came to nego-
tiating broadcast and copy-
right agreements. Therefore,
Mr Spencer argued that Cable
Bahamas should be negotiat-
ing with his members, who
held the Latin American dis-
tribution rights for these sig-

nals, rather than their US °

counterparts.

“For example, HBO domes-
tically in the US does not have
the rights to sell its signal to
the Bahamas. [Cable
Bahamas] has to buy it from
HBO Latin America,” Mr
Spencer told Tribune Busi-
ness.

“The Bahamas, as a territo-
ry for distribution purposes, is
considered part of Latin
America. I understand there
are language issues and our
members are addressing that.”

A major concern for both
Cable Bahamas and the Gov-
ernment has been whether
they would be able to access
English-speaking programmes,
given that the Latin American
works’ audience is. predomi-

nantly Spanish-speaking.
Anthony Butler, Cable
Bahamas’ president, did not
return Tribune Business’s call
and message on Friday seek-
ing comment, bur Mr Spencer

- said his organisation, and mem-

bers had a good working rela-
tionship with the BISX-listed
company’s largest shareholder,
Columbus Communications,
having negotiated with it in
the other Caribbean territo-
ries where it has a presence.
“What’ Cable Bahamas
wants is US domestic signals,”
Mr Spencer said. “They’ve
gone to Showtime, HBO want-
ing to buy the domestic sig-
nals. They cannot transmit, sell
outside the US. That’s not the

answer Cable Bahamas wants

to hear.
“It’s about complicated

rights issues, not a case of

business relationships. All the
programming on HBO and the
other networks is available
through Latin America. But
would you rather get it for free
or have to pay for it?”

Mr Spencer also accused the
Government of not imple-

' menting the 2004 Copyright

Act amendment that narrowed
the compulsory licensing
regime’s scope.

He argued: “The fact is that
the Bahamas did not follow
through with the commitment
they made during long talks
with the US Trade Represen-
tative’s Office in 2004 con-
cerning a roll-back of the com-
pulsory licensing for paid-TV.

“When-the Act was passed,
the US government pulled

Legal Notice

OE LOD,

INTERNATIONAL BUSINESS COMPANIES ACT
(No.45 of ae

DIAMOND PACIFIC HOLDINGS CORP.

In Voluntary liquidation

Notice is hereby given that in accordance with Section 137 (4) of the
International Business Companies Act (No. 45 of 2000), DIAMOND
PACIFIC HOLDINGS CORP. has been dissolved and struck off
the Register according to the Certificate of Dissolution issued by the
Registrar General on the 27th day of August, 2008.

Epsilon Management Ltd.
Suite 13, First Floor
Oliaji Trade Centre,

Francis Rachel Street,
‘Victoria, Mahe
Republic of Seychelles
Liquidator

STAFF
ACCOUNTANT
NEEDED

An International Administrative Company is seeking

an experienced Accountant.

The successful applicant will be required to prepare

balance _ sheets,

analyze accounts,

organize

documents and communicate with suppliers and

others.

He/she must possess strong analytical, organizational

and accounting skills.

Requirements

* Bachelor Degree in Accounting or Business

Administration

- Two (2) to five (5) years accounting experience
* Disciplined with the ability to work with a team or

individually

* Good written and verbal communication skills

* Be computer literate with proficiency in the use of
the internet and various Microsoft applications;
such as Excel, word and Quickbooks

Duties:

* Accurately input accounting data into the computer

* Reconcile Accounts

* Prepare monthly financial reports

Please fax resume and salary requirements by
September 1st, 2008 to 242-356-3470 or email to
uniglobaldevelopers@ gmail.com



back on its threat level and
everyone thought things were
OK. But the Bahamas never
implemented the modifica-
tions to the Copyright Act,
and the compulsory licensing
regime still stands.”

Mr Spencer said there had
been no change since his Feb-
ruary 11, 2008, letter to the
US Trade Representative on
the “disturbing” pay-TV
licence situation in the
Bahamas.

At the time, he wrote:
“While we do not request [the
Bahamas] placement on any
Special 301 list at this time, we
do request that bilateral gov-
ernment attention and engage-
ment be directed to addressing
this untenable situation.”

Mr Spencer said the Gov-
ernment had not properly
implemented the Copyright
Act 2004 amendments that
would have limited the com-
pulsory licensing regime to
free, over-the-air broadcasts,
and prevented retransmission
of encrypted signals or retrans-
mission via the Internet.

He alleged, though, that in
2007 the Bahamas went.back
to the old compulsory licens-
ing regime due to concerns
over access to English-speak-
‘Ing programming. The old
regime, Mr Spencer com-
plained, breached “existing
bilateral commitments as well
as international copyright
obligations”.

Cable Bahamas has been
working hard behind the
scenes, via the US Embassy in
Nassau, and with the aid and
support of the Registrar Gen-

_ eral’s Department and the

Bahamian Embassy in Wash-
ington, to address the situa-
tion.

The Bahamas has also
accused the US Trade Repre-
sentdtive’s Office, in private,
‘of failing’to livé'up to the

“terms ofa 2000 ‘agreement

between the two countries. In
return for the Bahamas deal-
ing with its compulsory licens-
ing regime, the US govern-
ment.was to encourage the

‘rights holders to enter into

good faith negotiations with
Cable Bahamas for a com-
mercial arrangement that
would allow for the provision
of English-speaking pro-
grammes, with royalties and
licence fees paid to the net-
works.

Many US signals can also be
picked up in the Caribbean,
but the crux of the matter is
that many networks see the
Bahamas — and the English-
speaking Caribbean — as too
small a market.

The signal rights holders are
unable to broadcast outside
the US, and are reluctant to
negotiate with Cable Bahamas
because the royalty revenues
gained would be exceeded by
legal fees and costs associat-
ed with changing their area of
coverage.

Still, Cable Bahamas has
been able to negotiate com-
mercial deals with the likes of
MTV and NBA League Pass,
working through the
Caribbean Cable and Televi-
sion Association.

Bank ‘very
Calitious’

on new
headquarters

FROM page one

Similarly, many consumers did
not want to risk the exposure
of greater debts.

“JT think the general trend is a
very soft one at this point in
time, and everyone — compa-
nies and individuals — are taking
a more cautious approach to
growth,” the Bank of the
Bahamas International manag-
ing director said.

The “challenge” for the
Bahamian commercial banking
industry was to ensure that loan
delinquencies, or non-accrual
loans, representing loans that
were between 30-89 days over-
due, did not move beyond that
into the non-performing loans
category.

All commercial banks were
currently having “these issues
with respect to delinquencies,
but I think it’s at a level we can
manage”, Mr McWeeney said.

re

eee

woe ew



’

DOLE OER



THE TRIBUNE

MONDAY, SEPTEMBER 1, 2008, PAGE 7B



BUSINESS



AES: ‘Time for an answer’ over LNG



FROM page one

Blue Hills power plant, and
save it between $1.4-$4 billion
in fuel costs over a 15-year
period, he attributed that to
being more a function of the
summer holidays with key
decision-makers away.

However, it had “been over
seven years” since AES first
applied for government
approval to establish an LNG
regasification terminal on
Ocean Cay, a man-made
island near Bimini, and con-
struct a pipeline to take it to
Florida to drive that state’s
power generation system.

If the project was to be
approved, Mr Samson said
AES needed to “get on with
it”, given that Suez wanted to
establish a rival LNG opera-
tion supplying Florida’s power
grid via use of an offshore
buoy delivery system.

While indicating the Flori-
da preferred the AES project,
given the larger and ready-
made storage system it would
enjoy on Ocean Cay, Mr Sam-

RBC
Ss FINCO.
me.

son implied that it could

become a race against time
and the Suez competition.
Florida had to make.a deci-
sion about servicing its own
energy needs, he explained,
and would not go with a pro-
ject unable.to obtain all the
required
approvals.
“The key here is that it’s not
likely that anyone will set up
an LNG plant just to supply
BEC,” Ms Samson told Tri-
bune Business. “Using the
Florida economics to get the
same for your country is a
pretty big deal. Hopefully,

we'll. get some momentum in _

September and get it going.”
When asked whether the
‘window of opportunity’ for
the Bahamas to access the
potential economic benefits of
LNG was closing, and if AES
wanted the Government to

‘make a decision one way or

the other by year-end, Mr
Samson replied: “I think the

end of the year is going to be a

little late.
“It’s getting hard to under-
stand, the lack of being able

governmental

to make a decision.”

Mr Samson said the propos-
al to also use Ocean Cay to
supply BEC’s Blue Hills pow-

er plant with LNG had been ©

warmly greeted by many in the
business community, all of
whom had been hot by soaring
energy costs and were looking
for electricity prices to make
sense. ,

AES had met with the
Bahamas Chamber of Com-
merce, Bahamas Hotel Asso-
ciation (BHA), and Bahamian
engineers and architects on the
plan.

The BHA last week
released an August 1, 2008,
letter it had sent to Prime Min-
ister Hubert Ingraham back-
ing the project, arguing that
based on the AES presenta-
tion it appeared that supply-
ing LNG to BEC could cut
fuel surcharge costs by as
much as 15-30 per cent.

Mr Samson had earlier this
year told Tribune Business
that if BEC switched its Blue
Hills combustion turbines
from diesel fuel to LNG, the
latter being supplied by AES,

FINANCE CORPORATION OF BAHAMAS LIMITED

Chairman's review of the unaudited results
For the nine months ended July 31, 2008

We wish to report that net income for the nine months ended July 31, 2008 was $11,573,968 which
represents a decrease of $3.1 million or 20.88% compared to the corresponding periad last year. The
Bank's return on equity was 16.77% compared to 22.73% for the same periad last year and carnings

per share totaled 0.43¢ compared to .0.55¢ for the same period last year.

The Bank. continued to experienced good mortgage growth of 11% during the period, However, the
weakened economy contributed to the rise in non-accrual loans which resulted in an increase to the
Bank’s loan loss provision in the second quarter. This increase in Provision is consistent with the
Bank’s policy and has negatively affected net income.

The increase in non-accrual loans is manageable and the Bank’s risk profile continues to remain
within its risk, appetite. "The ‘Bank’s capital ratios remain strong, in excess of the regulatory’
_ fequirement and.are ranked among the highest in the industry.

F ‘Xn it interim dividend of 0.13¢ per share was declared for the quarter ended July 31; 2008 and will be:
paid on 16" September. 2008, to all shareholders of record as of 9" September 2008. The dividend
Bement of 0.13¢ is consistent with the payment for the same period Jast hone



FINANCE CORPORATION OF BAHAMAS LIMITED
CONSOLIDATED BALANCE SHEET (Unaudited) .

As of July 31, 2008 and October 31, 2007

(Expressed in Bahamian dollars)



Managing Director

ASSETS July 31, 2008 - October 31, 2007
Cash $ 23,186,653 $ 17,337,902
Statutory reserve account with eis
The Central Bank of The Bahamas 30,716,012 28,315,862

Investments . _, 45,593,467 46,388,244
Loans - Net . 671,022,670 616,230,842
Fixed assets - Net 2,497,524 2,824,516

- Other assets 968,808 904,821
TOTAL $ 773,985,134 $ 712,002,187
LIABILITIES AND SHAREHOLDERS' BQUITY
LIABILITIES
Deposits $ 649,266,434 $ «=~ «592,399,955
Dividends payable _ ! 24,300,000 19,200,000
Deferred fees 6,882,605 6,722,764
Other liabilities 1,509,716 5 1,493,723

Total liabilities $ 681,958,755 $ 619,816,442
SHAREHOLDERS' EQUITY
Share capital — 5,333,334 5,333,334 *
Share premium 2,552,258 2,552,258
General reserve - 500,000 500,000
Retained earnings 83,640,787 83,800,153.
Total shareholders' equity (92,026,379 92,185,745 |

TOTAL $ 773,985,134 Ng 742,002,187

FINANCE CORPORATION OF BAHAMAS LIMITED
CONSOLIDATED STATEMENT OF INCOME (Unaudited)
Nine Month Period Ended July 31, 2008

(Expressed in Bahamian dollars)

(Restated)
Nine Months Nine Months
Ended Ended
July 31, 2008 July 31, 2007
INCOME
Net interest income $ 21,224,911 $ 20,868,215
Provision for credit losses net (3,175,318) (271,189)
Net interest income after provision for credit losses 18,049,593 20,597,026
Fees and commissions “2,523,652 2,265,143
Total income 20,573,245 22,862,169

NON-INTEREST EXPENSES
Total non-interest expenses

NET INCOME
EARNINGS PER SHARE $

8,999,277

$ 11,573,968
0.43 $

22 8293,750

$_14,678,419
0.55

it could save between $80-$210
million per year in fuel costs
from 2012 onwards. A 120-
mile pipeline between Ocean
Cay and Clifton Point would
bring the LNG to New Provi-
dence, with the pipeline cost-
ing between $150-$200 million
to construct.

AES had estimated the cost
of converting the seven to

‘ eight combustion turbines at
Blue Hills to take LNG at $1-
$1.5 million each, a maximum
of $12 million that would be
paid for immediately by the
fuel savings.

Even if the LNG proposal
is ultimately rejected, Mr Sam-
son said AES could become

involved with BEC in other
ways, as it is likely to be a
“major partner” in a $60-$65
million wind farm project pro-
posal submitted in response to
the Corporation’s tender for
renewable energy proposals.

“We’re negotiating fairly
actively with a local group that
wants to respond [to the BEC

tender],” Mr Samson told Tri- .
bune Business. “It’s not all

mapped out, but we would be

a major partner.

“If we participate, it'll be in
a fairly major way. My guess is
that it would be a 51 per cent
role. There’s paperwork fly-
ing back and forth.”

Mr Samson added: “I think
it’s a very viable project for
the Bahamas, and exciting,
because whether it’s 2009 or
2010, it’s clearly possible to
have 20 megawatts (MW) to
30MW of wind power in the
Bahamas. You go from no
renewables to 10 per cent
overnight. That’s a big num-



from people who are
making news in their
neighbourhoods. Perhaps

good cause, campaigning
for improvements in the |
area or have won an ©
award.

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

. FINAN CE CORPORATION OF BAHAMAS LIMITED
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (Unaudited)
Nine Month Period Ended July 31, 2008

(Expressed in Bahamian dollars)

Share your news

The Tribune wants to hear

you are raising funds for a

ber for the country.” That
number is based on the fact
that BEC generates 300MW

of energy to supply New Prov-

idence.

Although not an equipment
manufacturer itself, Mr Sam-
son said AES had some
250MW worth of wind tur-
bines on order from General
Electric over the next year.
The company was able to allo-
cate some of those turbines to
the Bahamas, as it already
bought in bulk and then sup-
plied them to smaller projects.













General Retained

Share Share
: Capital Premium Reserve Earnings Total
$ $ $ $.. $
Balance at October 31, 2006, restated $5,333,334 2,552,258 500,000 77,644,813 86,030,405"
Net profit for the period, restated ce 14,628,419 14,628,419
Dividends (11,733,334) .. (11,733,334)
Balance at July 31, 2007, restated $5,333,334 2,552,258 500,000 80,539,898 88,925,490
", Balance at October 31, 2007 $5,333,334 2,552,258 500,000 83,800,153 92,185,745
Net profit for the period 11,573,968 | 11,573,968
Dividends (11,733,334) — (11,733,334)
Balance at July 31, 2008 $5,333,334 2,552,258 500,000 __83,640,787__ 92,026,379
FINANCE CORPORATION OF BAHAMAS LIMITED
CONSOLIDATED STATEMENT OF CASH Hows (Unaudited)
Nine Month Period Ended July 31, 2008
(Expressed in Bahamian dollars)
(Restated)
Nine Months _ Nine Months
Ended Ended
July 31, 2008 July 31, 2007
CASH FLOWS FROM OPERATING ACTIVITIES ,
- Net income $ 11,573,968 $ 14,628,419
Adjustments for: ‘
Depreciation 411,885 360,181
Provision for credit losses 3,175,318 271,189
Lass on disposal of fixed assets 88,982 7,716
} 15,250,153 15,267,565
Changes in operating assets and liabilities (2,288,303) { 1 233,514)
Increase in loans and advances, net (57,967,146) (36,995,136)
Increase in deposits 56,866,479 __ 41,366,696
Net cash from operating activities 11,861,183 18,405,611
CASH FLOWS FROM INVESTING ACTIVIT TES”
— Purchase of fixed assels : (73,875) (561,421)

Net (Purchase) Proceeds of investments 794,777 (12,087,058)

Net cash from investing activities 620,902 . (12,648,479)
CASH FLOWS FROM FINANCING ACTIVITY \

Dividends paid (6,633,334) (2,933,335)
NET INCREASE IN CASH AND CASH EQUIVALENTS . 5,848,751 2,823,797
CASH AND CASH EQUIVALENTS, BEGINNING OF THE PERIOD 17,337,902 21,823,993
CASH AND CASH EQUIVALENTS, END OF THE PERIOD $ 23,186,653 $ 24,647,790

FINANCE CORPORATION OF BAHAMAS LIMITED
Notes to Unaudited Interim Consolidated Financial Statements
Nine Month Period Ended July 31, 2008

1. ACCOUNTING POLICIES

These interim condensed ‘financial statements have been prepared in accordance with
International Accounting Standard 34 Interim Financial Reporting. The accounting policies used
in the preparation of these interim financial statements are consistent with those used in the
audited financial statements for the year ended October 31, 2007.

2, COMPARATIVES

Certain comparative figures have been restated to comply with the presentation of these interim
financial statements,

nee 3

ie

ee

ee

ET ET MOIETIES BET TN FON ATION LE AE LES POLO OCA LN SLR NYS BETES OTP ELIT ILL AEN:

SO aT

PTE A SE SSI AT IHL

RE RL Tt SEERA

MLO Tt

C09 ATER ACIP DAL TDM Fis ST EIEN TOES BEE EET BTS

Deeceecmsornr:



~PAGE 8B, MONDAY, SEPTEMBER 1, 2008

FROM page one

serve the assets. :

However, Leadenhall coun-
tered that it had transferred at
least $19.7 million to First
Financial, with the balance
refunded against outstanding
debts owed by the Bahamian
bank’s cardholders.

A forensic accounting fol-
lowed to verify who was correct
before Leadenhall was placed
into liquidation. Yet the likely
resolution reached between the

Dispute

Financial is likely to aid the for-
mer in his winding-up efforts.
Any settlement will leave
First Financial with responsi-
bility for the former Mastercard
portfolio and its clients. That,
in turn, is likely to take respon-
sibility for two other vexing
issues surrounding the credit
card portfolio — MasterCard’s

$1.7 million termination fee ~

demand and uncollected credit
card debts — from Leadenhall

MasterCard had _ been
demanding that Leadenhall pay
it that sum as a result of the for-
mer terminating its issuing
licence, while the bank had pre-
viously been owed $1.306 mil-
lion in outstanding credit card
debts:

Collecting those balances will
now fall to First Financial.
According to Mr Gomez’s
report, as at July 15, 2008, some
99 Bahamas-based cardholders

owed a total of $690,220 — an
average of more than $69,000
per person.

And 310 overseas cardholders
owed a balance of $616,118,
with no client — Bahamas-based
or international — having made
commitments to settle their
debts in the previous seven-and-
a-half months.

Despite the moves towards
resolution on the credit card
portfolio, Mr Gomez still faces

bank’s liquidator and First to First Financial:

FERREIRA & COMPANY
ENVIRONMENTAL CONSULTANTS
ATTORNEYS-AT-LAW

JOB OPPORTUNITY

Ferreira & Company, a growing and dynamic legal
and consulting firm; is seeking a Secretary/Personal
Assistant. The successful applicant must possess the

following requirements:

Associates Degree or 2-3 years relevant work
experience;
Ability to meet pressing deadlines and work
under pressure;
Superior customer service skills;
pxcelent organizational and time management
skills;

¢ Thorough knowledge and command of
MicrosoftWord, Excel, PowerPoint and Access.

Interested persons should submit letter of interest and
Resume on or before September 5", 2008 electronically only

to:chris. ferreiraandco@coralwave.com



NOTICE TO SHAREHOLDERS

As a result of the Bank’s fancied
results for the third quarter ending 31st
July 2008, the Board of Directors of
Finance Corporation of -Bahamas
Limited hereby notifies all of its
Shareholders that an interim dividend
of thirteen cents (13 cents) per Ordinary
Share will be paid on 16th September
2008, to all Shareholders of record as of
9th September 2008.

DAPHNE BURROWS-HAINES
CORPORATE SECRETARY



Securi
Abaco Markets ,
Bahamas Property Fund
Bank of Bahamas
Benchmark
Bahamas Waste
Fidelity Bank
Cable Bahamas
Colina Holdings
Commonwealth Bank (S1)
Consolidated Water BDRs
Doctor's Hospital
Famguard
Finco
FirstCaribbean Bank
Focol (S)
Focol Class B Preference
Freeport Concrete
ICD Utilities
J: S. Johnson
Premier Real Estate

Bahamas Supermarkets
Caribbean Crossings (Pref)

EAL Maa

mange Supermarkets
RND_ Holdings

Colina Bond Fund

Colina MSI Preferred Fund
Colina Money Market Fund
Fidelity Bahamas G & | Fund
Fidelity Prime Income Fund
CFAL Global Bond Fund
CFAL Global Equity Fund
CFAL High Grade Bond Fund

100.96***
1.00**
Fidelity International Investment Fund

FG Financial Preferred income Fund

FG Financial Growth Fund

FG Financial Diversified Fund

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

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

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

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

Daily Vol, - Number of total shares traded today

DIV §& - Dividends per share paid in the last 12 months

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

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

YIELD - last 12 month dividends divided by closing price
Bid $ - Buying price of Colina and Fidelity

Ask $ - Selling price of Colina and fidelity

Last Price - Last traded over-the-counter price

Weekly Vol.
EPS $ - A company’s reported earnings per share for the last 12 mths
NAV - Net Asset Value

N/M - Not Meaningful

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

Airport project

FROM page one
































The $25 million domestic finance-raising effort is at least
partially linked to the compromise that appears to have been
worked out between the Airport Authority and Citibank. The
current Authority Board was unhappy with the arrangement
worked out between its predecessors and Citibank, which gave
the latter both the placement agent and advisory work on the air-

‘port financing initiative,

‘Now, it seems that Citibank has relented, at cast on the
Bahamian$ aspect of the financing. In an advertisement posted
in the media on Friday, NAD invited bids for Bahamian place-
ment agents.

The ad said: “The Nassau Airport Development Company
invites proposals for providing local placement agent and col-
lateral agent services in connection with the offering of senior
and subordinated debt securities to Bahamian investors.”

The first phase of Lynden Pindling International Airport’s

redevelopment will include the execution of high priority pro-
jects, such as.improving the physical and sanitary conditions at
the airport, alleviating congestion associated with pre-clear-
ance, alleviating parking conditions and air side congestion,
managing adequate check in spaces for additional air traffic
growth, facilitating group travel and minimising, and streamlin-
ing passenger security checks.

Once it starts, it is anticipated to be Pomp leted within 24
months.

Phase two of the project is divided into four stages and
includes the construction of new facilities and the renovation of
existing ones. This will also include new US and international
arrival facilities.

Phase three encompasses new interhational and domestic
departure facilities, while phase four will include improvement
to general areas of the airport such as landscaping.

Vacancy Notice

“The Bahlamds Cboperative League Limited {

Requires the services of a

Messenger/Office Assistant

The successful applicant will be responsible for:
+ Providing messenger services
+ Assisting with general office duties

Applicants should:
+ Be a Bahamian Citizen
+ Possess a valid drivers license
+ Possess a minimum of a High School piplem
+ Be Computer Literate
+ Have good inteepecnaL skills

Applicants should submit chelt resumes to:
The Bahamas Co-operative League Limited
Russell Road, Oakes Field —
or fax the resume 328-8730.

Deadline for application is Thursday, September 25, 2008

EG CAPITAL

AL MARKETS
ROKERAGE & ADVISORY SERVICES

a
SOLON A L

__EPS$ _ Div$__

Last Price Weekly Vol. EPS
0.300 13.4
0.480 NM

o. els)

-9.78%
1.47% 1.47%
0.27% 0.27%
1.19% 4.

-9.78%

31 March 2008
- 31 December 2007
*-30 June 2008
* ~ 31 April 2008
- 22 August 2008

- Trading yolume of the prior week
vee" 34 July 2008

several challenges in complet-
ing Leadenhall’s liquidation.
Among those is the $330 mil-
lion judgment handed down by
the Florida courts against Lead-
enhall in relation to a class
‘action lawsuit brought by for-
mer customers of the Cash 4
Titles Ponzi scheme.

They have been seeking dam-
ages from Leadenhall over its
alleged role in providing finan-
cial services to the scheme,

In his report, Mr Gomez said
he had received via a Bahamian
attorney written documents
from the class action litigants
to support their claim for dam-
ages. “The documents further
presented information as to the
reason why the judgment by the
Florida court should be accept-
ed in the Bahamas,” Mr Gomez

THE TRIBUNE

said, adding that he had for-
warded the documents to his
attorney, Sidney Cambridge at
Callender’s & Co, for a legal
opinion.

Mr Gomez is also seeking to
recover $3.458 million in loan
debts owed to Leadenhall by
seven debtors, and recover
$125,937 associated with a
forged cheque.

Another outstanding issue is
the $16.266 million investment
portfolio held with Generali
International. Over the nine
months between October 1,
2007, and June 30, 2008, Lead-
enhall earned $123,637 in
returns on the portfolio, but the
biggest concern for Mr Gomez
is the $11,540 Early Discontin-

. uance Charge that is active until

March 2009.

OTIC

The Middle Temple is trying to
trace and make contact with its
members who work or reside
in The Bahamas with a view
to forming a Middle Temple
Bahamas Association.

Members are encouraged to
send their contact details to
Bertha Cooper-Rousseau at

-ber@rousseaulaw.com

or fax 242-325-3688.

CRAWFORD HOLDINGS LTD.
(Company number 40,584B)

An International Business Company

ae Voluntary Liquidation)

We; Pine’ Limitéd, Liquidator of CRAWFORD ‘HOLDINGS LTD.
hereby certify that the winding up and dissolution of CRAWFORD
HOLDINGS LTD. has been completed.in accordance with the Ar-
ticles of Dissolution and that CRAWFORD HOLDINGS LTD. has

been dissolved as of 7th day of August, 2008.

Dated this 28th day of August, 2008

Pine Limited
_ Liquidator



egal Notice
NOTICE

ZIRDAL LIMITED

NOTICE IS HEREBY GIVEN as follows:

(a) ZIRDAL LIMITED is in voluntary dissolution
under the provisions of Section 137(4) of the
International Business Companies Act 2000.

(b) The dissolution of the said company commenced on
"the 29th August, 2008 when the Articles of Dissolution
were submitted to and registered by the Registrar

General.

4

(c) The Liquidator of the said company is Verduro
Associated Ltd., Pasea Estate, Road Town, Tortola, BVI

Dated this 29 day of August, A.D. 2008

Verduro Associated Ltd.
Liquidator

Legal Notice
NOTICE

DEL CIERVO INVESMENT LTD.

NOTICE IS HEREBY GIVEN as follows:

(a) DEL CIERVO INVESTMENT LTD. is in voluntary
dissolution under the provisions of Section 137(4) of
the International Business Companies Act 2000.

(b) The dissolution of the Bd company commenced on
the 28th August, 2008 when the Articles of Dissolution
were submitted to and registered by the Registrar

General.

(c) The Liquidator of the said company is Verduro
Associated Ltd., Pasea Estate, Road Town, Tortola, BVI.

Dated this 29 day of August, A.D. 2008

Verduro Associated Ltd.
Liquidator





THE TRIBUNE

GN-737



SUPREME
COURT

of

COMMONWEALTH OF THE BAHAMAS |
_ THE SUPREME COURT |
PROBATE DIVISION :

,28TH AUGUST, 2008 |

No. 2008/PRO/npr/00520

Whereas COTEISHA HANNA, of #58 Trotter |
Avenue in the Island of Grand Bahama, one }

of the Islands of the Commonwealth of The |

Bahamas, has made application to the Supreme :
Court of The Bahamas, for letters of |
administration of the Real and Personal Estate :
of NEUTISHALA FLOWERS, late of #58 |
Trotter Avenue on the Island of Grand Bahama, :
one of the Islands of the Commonwealth of

The Bahamas, deceased.

Notice is hereby given that such applications 2
will be heard by the said Court at the expiration :

of 21 days from the date hereof.

Desiree Robinson
(for) Registrar

COMMONWEALTH OF THE BAHAMAS |

THE SUPREME COURT |
PROBATE DIVISION :
28TH AUGUST, 2008 :

No. 2008/PRO/npr!00522

Whereas RICARDO WILFRED TREVOR
HOLMES, of Minnis Subdivision in the Island :
New Providerice, one of the Islands of the :
Commonwealth of The Bahamas, has made }
application to the Supreme Court of The |
Bahamas, for letters of administration of the :
Real and Personal Estate of WILFRED :
THOMAS HOLMES, late of Minnis :
Subdivision, New Providence, one of the :
Islands of the’ Commonwealth of The Bahamas, :

deceased.

Notice is hereby given that such applications 7
will be heard by the said Court at the expiration |

of 14 days from the date hereof.

. Desiree Robinson 3
(for) Registrar

COMMONWEALTH OF THE BAHAMAS |
THE SUPREME COURT :

-- PROBATE DIVISION :

28TH AUGUST, 2008 :
: NOTICE is hereby given that after the :
"| expiration of fourteen days from the date :
: hereof, application will be made to the Supreme :
Court of The Bahamas in the Probate Division :
by MICHELLE ANTIONETTE HORTON :

No. 2008/PRO/npr/00523.

Whereas LOUREY C. SMITH, of Mareva |

House, 4 George Street, New Providence, one :
of the Islands of the Commonwealth of The :
Bahamas, Attorney by Deed of Power of :
Attorney for Brenda K. Miller, the Executrix |
has made application to the Supreme Court of :
The Bahamas, for letters of administration :
with the will annexed of the Real and Personal |
Estate of MAXINE A. SIMA Y, late of 6820 :
Chateau Chase Drive, Columbus in the State :

of Ohio, U.S.A., deceased.

Notice is hereby given that such applications
will be heard by the said Court at the expiration |

of 14 days from the date hereof.

‘Desiree Robinson
(for) Registrar

? Palm Beach County in the State of Florida,
: one of the States of the United States of :
America, deceased.

: NOTICE is hereby given that after the :
: expiration of fourteen days from the date :
: hereof, application will be made to the Supreme :
: Court of The Bahamas in the Probate Division :
: by WELLINGTON E. OLANDER of No. :
: 33 Gleniston Gardens in the Eastern District :
: of the Island of New Providence, one of the |
: Islands of the Commonwealth of The Bahamas, :
:. Attorney-At-Law, the Authorized Attorney in |
: The Bahamas for obtaining the resealed Letters :
Administration (single personal :
: representative) in the above estate granted to :
ASHURST the Personal :
Representative of the Estate, by the Circuit :
Court for Palm Beach County, Florida, Probate :
Division, on the 27th day of May, 2008. 3.

CANDICE B.

‘Nicoya Neilly
(for) Registrar

COMMONWEALTH OF THE BAHAMAS :
_ THE SUPREME COURT PROBATE :

_ DIVISION :

28TH AUGUST, 2008 :
: Attorney for MADLYN SIMMS, the Lawful

‘+ Widow has made application to the Supreme

: Court of The Bahamas, for letters of

IN THE ESTATE OF MICHAEL GEORGE |
CORBETT ASHBY, late of Wickens, Birch :
: of Old Bight, Cat Island, one the Islands of
: the Commonwealth of The Bahamas, deceased.

: 2008/PRO/npr/00527

: Grove, Horsted Keynes, West Sussex, England,
| United Kingdom, deceased.

: NOTICE is hereby given that after the :
: expiration of fourteen days from the date :
: hereof, application will be made to the Supreme :
: Court of The Bahamas in the Probate Division :
by HARRY BRACTON SANDS of Skyline : .
Drive in the Western District of the Island of :
New Providence, one of the Islands of the :
Commonwealth of The Bahamas. Attorney- |
: At-Law, the Authorized Attorney in The :
: Bahamas for obtaining the resealed Grant of :
: Probate in the above estate granted to JULIAN :
CHARLES ASHBY and NICHOLAS |:
PATRICK HANCOCK the Executors of the |
Estate, by the High Court of Justice, the District :
Probate Registry at Bughten, on.the. 19th et i

of August, 2008.

Nicoya Neilly
(for) Registrar

| 2008/PRO/npr/00529

States of America, deceased.

of Monastery Park and SIDNEY :
ALEXANDER CAMBRIDGE JR. of No.9 :
Chancery Lane, both of the Eastern District :.
of the Island of New Providence one of the :
Islands of the Commonwealth of The Bahamas, :
Attorneys-At-Law, the Authorized Attorneys :
in The Bahamas for obtaining the resealed :
Letters Of Administration (single personal :
: representative) in the above estate granted to |
: DENNIS PASCALE the Personal :
Representative of the Estate, by the Circuit :
Court for Broward County, Florida, on the 31:
: of The Bahamas, has made application to the

_ st day of July, 2007.

COMMONWEALTH OF THE BAHAMAS |
THE SUPREME COURT |
PROBATE DIVISION |
28TH AUGUST, 2008 |

2008/PRO/npr/00525

Nicoya Neilly
(for) Registrar

_ No. 2008/PRO/npr/00530

IN THE ESTATE OF GILBERT LESTER
BOWE a.k.a. GILBERT L. BOWE, late of

Whereas JACQUELYNE ROBERTS, of Sea :
New :

Breeze Estates, Eastern District,

: Soldier Road, Eastern District,
: Providence,
: Commonwealth of The Bahamas, deceased.
COMMONWEALTH OF THE BAHAMAS :
THE SUPREME COURT :

PROBATE DIVISION :

28TH AUGUST, 2008 :

MONDAY, SEPTEMBER 1, 2008, PAGE 9B

: Providence, one of the Islands of the

Commonwealth of The Bahamas, has made

} application to the Supreme Court of The
: Bahamas, for letters of administration of the

Real and Personal Estate of ENOCH PEDRO,
ROBERTS II, late of Sea Breeze Estates,
Eastern District, New

Providence, one the Islands of the

: Commonwealth of The Bahamas, deceased.

Notice is hereby given that such applications

: will be heard by the said Court at the expiration

of 14 days from the date hereof.

Desiree Robinson
(for) Registrar

COMMONWEALTH OF THE BAHAMAS
' THE SUPREME COURT

PROBATE DIVISION

28TH AUGUST, 2008

_ No. 2008/PRO/npr/00531

Whereas STEPHEN ROLLE, of the
Settlement of Old Bight, Cat Island, one of
the Islands of the Commonwealth of The
Bahamas, Attorney by Deed of Power of

administration of the Real and Personal Estate
of GEORGE SIMMS, late of the Settlement

Notice is hereby given that such applications
will be heard by the said Court at the expiration
of 21 days from the date hereof.

Desiree Robinson
(for) Registrar

COMMONWEALTH OF THE BAHAMAS
THE SUPREME COURT
__ PROBATE DIVISION

| oy net jo i@8TH AUGUST, 2008
_ No. 2008/PRO/npr/00532

: Whereas LATANIA MACKEY, of North
: Andros, The Bahamas, and LATASIA
CROWTHER of Faith Avenue, Freeport,
; Grand Bahama, one of the Islands of the
: Commonwealth of The Bahamas, have made
COMMONWEALTH OF THE BAHAMAS
THE SUPREME COURT :
PROBATE DIVISION :
28TH AUGUST, 2008 :
: the City of Nassau in the Island of New
: Providence,
: Commonwealth of The. Bahamas, deceased.
: IN THE ESTATE OF DONALD PASCALE $:
: a.k.a. DONALD P. PASCALE, late of :
Tamarac City in Broward County in the State :
of Florida, one of the States of the United |

application to the Supreme Court of The
Bahamas, for letters of administration of the
Real and Personal Estate of IRENE
JOHNSON, late of No. 56 Augusta Street in

one the Islands of thé

Notice is hereby given that such applications 7

will be heard by the said Court at the expiration
of 14 days from the date hereof.

Desiree Robinson
(for) Registrar |

COMMONWEALTH OF THE BAHAMAS
THE SUPREME COURT

' PROBATE DIVISION

28TH AUGUST, 2008

No. 2008/PRO/npr/00533
Whereas. HESTER WILLIAMS, of

Adderley's Addition in the Eastern District,
New Providence, one of the Commonwealth

. | Supreme Court of The Bahamas, for letters of
: administration of the Real and Personal Estate

of MAKELL CARLET NEELY, late of
New
-one the Islands of the

Notice is hereby given that such applications
will be heard by the said Court at the expiration
of 14 days from the date hereof.

Desiree Robinson
(for) Registrar

Peres?

a

ESO BS RS

LEP SSS eS

Pe Sar ager in eg A

pe Sy eo

CSRS ee

Se Se See eS ee ee

wee eee

re pes aese



PAGE 10B, MONDAY, SEPTEMBER 1, 2008



I WAITED with great anticipa-
tion for the response to your article
of last week. All I can say is WOW!
_ Iknew all along that there is very
little “honour” left in the legal pro-
fession in this country.

The horror stories in your article »
are sickening. Even more so is the
fact that the Bahamian lawyers who
“have used what they imagine to be
their intellectual superiority, and of

course their knowledge of the law, to -

bamboozle and browbeat the uned-
ucated into agreements that have not
been in their clients’ own best inter-
est....” are so intellectually superi-
or that they don’t realise that they
have staffs who work for them, that
. know exactly the illegal acts that they
have committed and are commit-
ting. Are their staffs called as wit-
nesses?

Most lawyers in the Bahamas have
no knowledge of the law or should I
say don’t know how to interpret the ©
law — they call their colleagues and
ask for precedents. In most cases
they edit more than the local news-
papers.

Some lawyers not only swindle the
so-called “uneducated”; these
unscrupulous lawyers swindle funds
from the “highly educated” when-
ever they have the opportunity. The
educated clients are more embar-
rassed than the uneducated ones, so
they don’t report the lawyer for more
than one reason. Regardless of per-
sons’ educational level, a person
knows when wrong is done to
them. Some may not be able to com-
municate it well, but they know. The
problem is that the protection blan-
ket is “thick”. After the theft, they
dare you to prove it. They know how
long and drawn out the process
is. They.also, know. that.the.percent-

age is high that a quiet ruling-will be“

donelin their favour. They will be,
cleared to swindle again.

Some lawyers in this country know
that their illegal actions will be pro-
tected by their “honourable bud-
dies”. If you want a piece of land
you go to so and so. If you want to
hide something on paper, you go to
so and so. The delaying of a court
action is mastered by all.

What’s so pathetic is that they all
use the cover of the “law”.

Gone are the days when a lawyer
in this country is admired for truly
being honourable. Lawyers admire
themselves based on the amount of
wealth that they accumulate over
their short “illusionary” careers. Is
there a class in Law School called.

. “Unscrupulous 101”? This is a learnt
behaviour!

The average citizen’s outrage is
high. However, I am sure the
unscrupulous lawyers are all saying
“they can ride this wave out”. They
count on a short-term public outcry,
and a corrupt system whose bread is
buttered by them. Sad state of
affairs!

I look forward to your follow-up
stories.

Maria

I THINK many lawyers go into

the profession for the specific pur-
pose of robbing other people. Some

Barack Obama (AP)





UNSC

INSIGHT Feedback
Re: He Is Not Alone /!
(Andrew Thompson) | —

use it to trampoline into politics.
There seems to be a correlation: if
they can’t swing enough people in
law, they move into politics to see if
they can do it there.

CA, Nassau

IT is high time that someoné had
the intestinal fortitude to expose our
lawyers for what they are. I have
been the victim of an unscrupulous
lawyer and magistrate myself, so
know what I’m talking about.

Caller

Dear Sir! It is with great pleasure
that I came upon your article in the
Monday, August 25, issue of The Tri-
bune. I, too, have been waiting for
the Bar Association to deal with a
lawyer, who took half of my monies
after I waited 10 years to have my
case finalised in the courts.:

I reported this person (lawyer) to ,.

the London Bar Standards .Board
(where the lawyer was called) and
they agree I was dealt a low blow.
However, until the Nassau Bar Asso-
ciation deals with this situation,
where the lawyer is practising (Nas-
sau) they can’t assist me.

The association has yet to respond
after two years as to what
progress/steps, if any, have been tak-
en regarding my complaint.

Maybe we can find out what’s

‘going on. This is similar to police

complaints not being investigated
until it’s brought to “light” by the
media.

Because Bahamians are unaware

- of their rights, many have failed to

complain.

Iam far from finished with this sit-
uation and have considered many
times bringing, in full detail, how this

. lawyer took my case,.as.a “friend”.
Shark bait-is:ajoke on-how I-was
manipulated, and, yes, robbed by. this

person.

Would love, and be glad, to assist
you in further detail on what
Bahamians can do and not do to
safeguard themselves from these
predators.

Looking forward to your
response. Thanks for your time and
insight.

S. Dee, Nassau

INSIGHT replies: This person’s
full story of how she was robbed by a

‘ woman lawyer pretending to be her

‘friend’ will be told in the near future.

UNFORTUNATELY, the law
attracts some dishonest people, who
see the profession as a means of
exploiting and stealing from the

untutored.

There are, of course, exceptions,
but I suspect your figure of “60 per
cent are rogues” is very, very con-

servative. In the Bahamas, I would :‘

put the figure at 85 per cent ‘or
above.
J T Hepburn

I’M glad you used the term “imag-
ined intellectual superiority” in ref-
erence to lawyers because those I
know are as dumb as posts once you
get their conversation away from the
law.



Seca samen

. LY, have fallen vic-



It amuses me to see them
being photographed in wigs
and gowns outside the
Supreme Court with bun-
dles of books in their
hands. This is intended to .
imply scholarship, but my
bet is that most of them’
have never read a good
book in their lives. They
wouldn’t know Marcel
Proust from a bottle of
Jamba Juice.

Expat professional

I, PERSONAL-

tim’ to a crooked
woman lawyer, “a wolf in sheep-

-’s clothing” who took money from >

the buyer of my property and used it
to open another business. I have
written to both the Bar Association
and the police and this woman has
not been picked up yet. |

It has been months since this
woman received my monies and I
am out here struggling to make ends
meet, hurting emotionally, physical-
ly and socially.

This woman has given no thought
to my welfare and, sir, this woman
needs to be exposed.

Please, sir, address this matter.

Lawyer’s victim

¢ This case has been included in
INSIGHT?’s dossier of dishonest
lawyers. The name of the lawyer is
known to us. :

THE reason I buy The Tribune
on a Monday is to read INSIGHT,
and I want to thank you for what
you are writing about the legal pro-
fession.

I am afraid that inefficiency has

- become the:norm in that profession.

From: the time I have been in the
buying and selling of real estate the

legal profession has been inefficient. |

It is very frustrating dealing with
them.

If you were to canvass many of
the brokers I am sure they would
share my view. I don’t think the pro-

fession should regulate itself. There

should be a government-appointed
board to regulate them because they
have not done a good job of regulat-
ing themselves over the years. I
agree, also, that there should be an
ombudsman to represent the pub-
lic’s interests.
INSIGHT reader

I WOULD like to compliment
and thank you for another brilliant
piece of journalism regarding the
corrupt legal system in the Bahamas.
After reading some of the Insight
readers’ feedback it is clear that the
time is now for your newspaper to
keep the fire burning on this mat-
ter. Corruption will not end unless
your newspaper remains vigilant
about exposing the vast greed that
exists among some in the legal pro-
fession. as

The pain expressed by the vic-

’ tims are overwhelming. It is indeed

stressful for all Bahamians who have
been hoodwinked, bamboozled and
lied to by corrupt attorneys. We must

find

FROM page one

a .way to
have a system of

checks and balances among

the legal profession. ,

I implore you to not stop but
keep raising the consciousness
among the nation’s leaders, church-
es and businesses that, unless this
nation comes to terms with the injus-
tices against powerless Bahamians,
we may have dire anarchistic conse-
quences in the short term. People
are fed up with the foolishness, and I
stand with you and other Bahami-
ans who wish to live'in a nation
where justice is fair and unquestion-
able.

Your news stories inspire me and
countless others across the country
who are thankful that we have some-
one of your calibre addressing our
nation’s ills in an open forum and
who is not afraid to take on the “sys-
tem’. ;

May God’s blessings and comfort
always be with you. Warmest
regards.

Grand Bahama Supporter

YOUR recent articles on the fail-
ings of the legal profession in gener-
al and Andrew Thompson in partic-
ular are no doubt creating an impact.
Hopefully, it will be a positive one.

To say there is a need for account-
ability in the legal and judicial system
falls somewhat into the realm of stat-
ing the obvious. Whether it can be
accurately said that 60 per cent or
so of Bahamian attorneys are guilty
of professional misconduct and/or
are criminal, is a question of num-
bers.

The Bar Association has records
of the complaints made against its
members, and those which were
resolved and those which were not.
Those not resolved at the level of
the Ethics Committee, would have
proceeded, or have been readied to
proceed, before a disciplinary tri-
bunal. The decisions of those tri-
bunals (which have the effect of a
Supreme Court judgment) are a mat-
ter of public record. Actual, as
opposed to the speculative numbers
involved, could be ascertained.

Justice Jeanne Thompson,
(retired) was a guest (along with the
undersigned) on the Jeff Lloyd show
last Tuesday, August 19. Former Jus-
tice Thompson spoke to issues aris-
ing on the question of legal profes-
sional discipline and accountability.





ae sft. coon
Fa ees ieee NR ney SOO te.
j Black Malang. Maes!
SR ete Od il eye
A ony ete

THE TRIBUNE

Regard-
ing the
criminali-
ty aspect

of profes-
sional mis-
conduct, it

out the Bar
has no power

to impose any
criminal sanc-
tion on any
member of the
Bar. Discipline
= under the Legal
spn Professional Act
ee is confined to
fines, suspénsion,

and disbarment. To

infer otherwise, is to ignore the facts.

Criminal conduct can only be pros-
ecuted by the Commissioner of
Police. The police can only prosecute
if there is a complaint. The courts can
adjudicate on the complaint, if and
when the police charge the person,
and bring him before the courts. Once
that person has a criminal record,
he/she cannot be reinstated at the
Bar.

The person who has been the vic-
tim of crime must, in the first instance,
make the complaint to the police. By
the same token the police, including
the commercial crime unit, need to
accept that they have jurisdiction in
these matters, and not dismiss the
complainant, with the excuse that “it
is a civil matter”.

Unlawfully depriving someone of

Rog ere be stcy)

their property, or money, or forging a.,,

document, is a crime, and the. prof
sionals on the police force need to,be
alive to this issue. The police should
be trained to respond appropriately to
legitimate complaints from the public.
Otherwise, the crime is in effect con-
doned by our'society, because the
police refuse to take action.

The issue’of professional account-
ability, however, is not confined to
lawyers. What also plagues our society
is the lack of accountability in the
medical profession. The Medical
Council and the Hospital and Health
Care Facilities Board inexcusably fail
to determine complaints of breach of
statutory duty resulting in death. They
continue to license facilities and doc-
tors who, in other jurisdictions, would
have lost their licences, and been
charged before the criminal courts.

This failure exposes patients to
unacceptable risks, and brings into
disrepute the local medical profes-
sion, which otherwise serves this com-
munity well. When will this issue be
addressed?

Leandra Esfakis
www.bahamaspatientsadvocacy.org

INSIGHT replies: The doctors are
next. However, we intend to deal
with the lawyers first because, as our
feedback indicates, disquiet is mount-
ing against rogue attorneys to the
extent that the public no longer has
faith in the system.

is hanging in for now, there is
no chance he will be there in

was pointed ©





party just because their parents
and grandparents did so.

Also, the Pindling effect is a
busted flush because most
intelligent voters realise that
the world has moved on and
that “The Father of the
Nation” is no longer relevant to
the modern Bahamas and its
needs.

Most disturbing of all for the
PLP is that young educated
Bahamians are eager to move
away from the kind of politi-
cian whose only aim in life is to
accumulate personal wealth
during his or her years in pow-
er.
Watching an inspirational
orator like Barack Obama in
action, hearing him outline a
vision for his country that actu-
ally means something to ordi-
nary people, Bahamians must
wonder where anything resem-
bling an equivalent lies in their
own political landscape.

What we have, instead, is a
jaded collection of old hands
whose close connections with
Pindling will forever define
them as outdated petty nation-
alists with nothing to offer in
the age of globalisation, and a

Obama

younger set who appear to lack
the moral:courage to speak out
and make a difference.

As Obama said during his
truly inspirational convention
speech last week, a new kind
of thinking is required to tack-
le the difficulties that lie ahead.

If the PLP is to learn any-
thing from its report, it is that it
has under four years before the
next election to reconstruct
itself and its image in a way
that will make it relevant to all
modern Bahamians.

It needs to shed the drug
dealers, the hangers-on, the
low-lifers who have always
been part of the party’s sup-
port system, and offer the
country something refreshingly
new.

That should include a clear
vision of the country’s future

— and at least the hope of a.

moral base that will ultimately
help to make the Bahamas a
happier and more contented
place.

One senior politician told
INSIGHT: “By 2012, both the
PLP and FNM will have lead-
ership issues. Though Christie

four years time.

“And Ingraham, in my opin-
ion, wants out. He didn’t want
to come back as leader or
prime minister. He had his ten
years in charge and did what
he had to do. He wants to go
fishing.”

Both parties, therefore, need
to work on strategies that will
secure the Bahamas’ future in
worsening economic times
under leadership that is no
longer bound to the past.

Like America, the Bahamas
needs to pursue the theme of
change.

Obama mentioned honesty
and family values during his
speech, citing them as two of
the mainstays in achieving the
kind of society that flourishes
on the basis of self-esteem, per-
sonal dignity and mutual
respect.

It is an example the PLP
might well follow to its consid-
erable advantage. Nothing less
than a full-scale overhaul and a
bold new vision will do.

e What do you think?
Fax 328-2398 or e-mail
jmarquis@tribunemedia.net





















§
Si

sb ar





THE TRIBUNE

MONDAY, SEPTEMBER 1, 2008, PAGE 11B



UNIT ats





@ ST. PAUL, Minn.

JOHN MCCAIN tore up the
script for his Republican

National Convention on Sun- |

day, ordering | the cancellation
of all but essential opening-day
activities as ‘Hurricane Gustav
churned toward New Orleans,
according to Associated Press.
"This is a time when we have
to do away with our party poli-
tics and we have to act as
Americans,'' he said.as fellow
Republicans converged on their
convention city to nominate
him for the White House.
President: Bush and Vice
President Cheney scrapped
plans to address the convention
on Monday, and McCain's cam-
paign chartered a jet to fly del-
egates back to/their hurricane-
threatened states along the Gulf
Coast. Campaign manager Rick
Davis said the first-night pro-
gram was being cut from seven
hours to two and one half.
The hasty reordering of an
event months in the making
underscored not only the risk
posed by Gustav, but also an
intense desire} by McCain and

Republicans to avoid the polit-.

ical damage that Bush suffered
from his widely criticized
response to Hurricane Katrina
three years ago.

The formal business of the
convention includes nominat-
ing McCain for president and
Alaska Gov. Sarah Palin as his
vice presidential running mate
on Wednesday.’ McCain's accep-
tance speech, set for prime time
on Thursday evening, is among
the most critical events of the
campaign for'his chances of

CHEVROLET

|

winning the White House.

McCain said he was looking
forward to attending the con-
vention but did not say when
he would arrive. He spoke via
satellite from St. Louis after he
and Palin received a briefing on
hurricane preparations in Jack-
son, Miss.

Campaign manager Davis
told reporters inside the con-
vention hall that the opening
program on Monday would be
"business only and will refrain
from political rhetoric."

To help those in need, he
said, ''We are working with the
delegations, financial people,
finance committees, many other
concerned individuals to do
what we can to raise money for
various charities that operate in
the Gulf Coast region."

As for the convention sched-
ule, he added that further
adjustments would be made on
a day-to-day basis.

Challenges

McCain said of his briefing
in Mississippi: ''I'm happy to
report to you that the coordi-
nation and the work that's being
done at all levels appears to, be
excellent.’ He cited remaining
challenges in communications
and search and rescue opera-
tions, but emphasized that the
response seemed to be going
more smoothly than the one
three years ago,

"'T have every expectation
that we will not see the mistakes
of Katrina repeated," he said.

The Bush administration's —

handling of that storm con-

All new vehicles backed by GM's 24,000 mile/24-month factory warranty.

cCain orders
convention

hurricane |

tributed to a plunge in the pres-
ident's approval ratings that
helped the Democrats win con-
trol of Congress in.2006.

The uncertainty contrasted
with a state of readiness inside
the Xcel Center, a hockey arena
transformed into a made-for-
televison red-carpeted conven-
tion hall. Thousands of red,
white and blue balloons nestled
in netting high above the floor —
to be released during final-night
festivities if the Republicans
decide to go ahead with them.

Outside, police took nine

people into custody for cross-
ing a security barrier in an anti-

war march. The nine, including
two women in their 70s, were

charged with trespassing,

according to Doug Holtz, a St.
Paul police commander. '
Emphasizing their concern

’ about the hurricane, McCain

and his newly named running
mate traveled to Mississippi for
a tour of the state's emergency
management center.

"'T pledge that tomorrow
night, and if necessary through-
out our convention, we will act
as Americans, not as Republi-
cans,’ ‘McCain told reporters
moments later.

The events temporarily over-
shadowed a more traditionally
political pre-convention debate
over McCain's decision to name
Palin to his ticket. She was may-
or of small-town Wasilla, Alas-
ka, for six years before she
became governor in DecemD-
ber 2006.

Responding to a question

after his hurricane-related

remarks, McCain made a ring-
ing defense of Palin, who

_in office.



‘Stephan Savoia/AP

REPUBLICAN PRESIDENTIAL candidate Sen. John McCain, R-Ariz., stands next to his wife Cindy before announc-
ing there will be changes to the Republican National Convention due to Hurricane Gustav during a media availability
outside the Mississippi Emergency Management Agency in Pearl, Miss., Sunday, Aug. 31, 2008.

Democrats argue has less expe-.

rience than their presidential
candidate, Barack Obama.

"T thin Sen. Obama, if they
want to do down that route, in
all candor, she has far, far more
experience than Sen. Obama
does,'' McCain said: —

He cited Palin's stint as gov-
ernor of a ''state that produces
20 percent of America's ener-
gy'' as well as her previous
membership in the PTA and
her time spent on the city coun-

cil and in the mayor's office in’

Wasilla,a town of fewer than

7,000 people outside Anchor- |

age.

By contrast, he said Obama
“was a community organizer
when she was in elected office.
He was in the state Senate and
voted 130 times present. He
never took on his party on any-
thing. She took on a party and
the old bulls and the old boy

‘network and she succeeded.''

Palin has frequently clashed
with fellow Republicans in her
state, and won office after deny-
ing an incumbent GOP gover-
nor renomination to a new term

But Democratic Sen: Chris

Ca ie

7" “TaNETEN

' Dodd of Connecticut said

McCain's selection was merely
designed to appease the hard-
right conservatives in the
Republican Party. ''His knees
buckled'' when it came time to
picking a running mate, Dodd
said of McCain in an appear-
ance on CNN.

McCain conferred by phone
with Govs. Bobby Jindal of

Louisiana, Bob Riley of Alaba-

ma and Charlie Crist of Florida
during the day.

Prominent

Crist, with a prominent
speaking role at the convention,
said he was staying in his home
state to tend to hurricane busi-
ness, and the others were stay-
ing home as well.

Democrats, too, decided to
tone down their convention-
week efforts.

Party spokesman Brad
Woodhouse said the Democrats
had canceled a ''More of the

Same'' rally that had been slat-

ed for Monday.

Obama said he was ready to
encourage his supporters to
assist any victims of the hurri-

Tel 328-3908

Shirley Street
www.nassaumotor.com





cane.

"T think we can activate an
e-mail list of a couple of mil-
lion people who want to give
back,'' he said.

Roger Villere Jr., Louisiana
Republican Party chairman,
said the chartered jet would fly
delegates back to their home
states and also fly back to Min-
nesota with family members
who want to evacuate the Gulf
Coast area.

''We got a large plane
because we needed it. We'll
take any delegate that would
like to go back,"' Villere said.

"The McCain campaign has
assured me this is the first pri-
ority,'' he said referring to the
hurricane.

With millions of Gulf Coast
residents fleeing the approach-
ing storm, Chadwick Melder,
a delegate from Baton
Rouge, said he was taking
advantage of an offer from the
campaign to fly his family out of
harm's way.

"I'm trying to get my family
out of there and stay here for
the week,'' said Melder,
although he added, ''I have
responsibilities here as well.''







MONDAY, SEPTEMBER 1, 2008





The stories behind the news





1
44

PLP needs its own Obama

A YEAR-OLD report
commissioned by the PLP
to find out why they lost
the 2007 general election
told Bahamians nothing
they didn’t know. But it did
remind the party that now
is the time to work on its
future, or face another

defeat in 2012.

INSIGHT reports...

@ By JOHN MARQUIS
Managing Editor

LAWYER-politician Philip
‘Brave’ Davis is said to have
shelled out between $30,000 and
$50,000 of his own money to
pay for a top firm of analysts to
probe reasons behind the PLP’s
election defeat.

Shocked by the party’s unex-
pected failure (unexpected by
the PLP, that is), Mr Davis and
his colleagues felt compelled to
get outside help in determining
what went wrong. _

Yet for just 75,cents a copy,
The Tribune last year cata-
logued the whole sorry tale in
fine detail, even providing con-
structive suggestions for the par-
ty’s future, and naming those
responsible for bringing the
government down.

There is, in fact, nothing
about the PLP’s collapse at the
polls that an average sixth-form
researcher could_not analyse
and report on within a week,
complete with short biogs of the
major culprits and recommen-
dations for their punishment.

OGreenberg, Quinlan and
Rosner, the American research
company hired by Mr Davis and
Co., reached four major con-
clusions in their detailed
appraisal, none of which made
the earth move under Nassau
town.

“Wow, we didn’t know that!”
was a phrase noticeable by its
absence as the report was
“leaked” to a local media house,
allegedly by a former PLP Cab-
inet minister.

Significantly, not one of the
radio talk shows bothered to
discuss the report, which many
leading figures in the PLP had-
n’t even read, and no-one rang
in to either challenge or sup-
port it.

As top-level, secret reports
go, it had about as much impact
on the political consciousness
of the Bahamian people as last
week’s weather bulletin from
Tristan da Cunha. Here’s what
it said:

Firstly, that former Prime
Minister Perry Christie was per-
ceived as a weak and indecisive
leader.

Secondly, that the PLP was
seen by many as a corrupt cabal
of some grubby little villains on
the make.

Thirdly; that the party’s





chances were severely eroded

_by a succession of scandals ©

involving its own ministers and
MPs.

And fourthly, that the PLP’s
base of support had narrowed

considerably, leaving the party .

badly exposed to an electorate
that now thinks before it votes
rather than blindly following
the allegiances of yesteryear.

The first point has been the
subject of so much comment in
the past that it would not be the
best use of time and space to
labour the point again.

-Mr Christie, at 65 a failed
leader with no new ideas, really
ought to step down and make
way for a new generation. His
disastrous five-year administra-
tion was little more than a mini-
reprise of the Pindling era, a
time of shame that Bahamians
really must put behind them.
Mr Christie had his chance to
lay the base for a bright new
future, but failed to do so, and
leading PLPs are now firm in
their belief that he should not
be around as head of the party
when the next election is held in
four years time.

The second point is so self-
evident that it will cause no
shock tremors in Nassau’s over-
the-hill areas, where the ram-
pant self-interest of PLP politi-
cians is well-known. The only
surprise is that.so many poor
Bahamians still offer them their
support.

The third finding, relating to
scandals, was undoubtedly the
main cause of the PLP’s col-
lapse, but the party’s downward
plunge in public esteem could

have been halted early on had *

Mr Christie shown the fortitude
required to bring errant MPs to
heel.

The lamentable Sidney -

Stubbs MP was the first to
shame the PLP government.
His behaviour at the Bahamas
Agricultural and Industrial Cor-
poration during his first few
weeks in office as chairman was
nothing less than appalling,
especially his alleged victimisa-
tion and persecution of FNM
supporters on the staff.

Then came the Korean boats
scandal, when rich foreigners
were invited to hoover up all
the nation’s fish stocks for
export to the Far East without
perceptible benefit to the
Bahamian people.

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Ue | EMULE for the Bahamas?

Had' Mt Christie ‘acted:deci-

sively then, and made an exam-°

ple of Mr Stubbs, loud shots
would have been fired across
the bows of those who, over the
next four years, did their bit in
sinking his regime.

First among them was, of
course, the former Minister of
Foreign Affairs, Fred Mitchell,
MP for Fox Hill: It is astonish-
ing to all intelligent observers
of the Bahamian political scene
that the PLP should continue
to tolerate his presence.

Banished by the FNM, dis-
trusted by Prime Minister
Hubert Ingraham, reviled by
the late Lynden Pindling, con-
demned by leading PLP mem-
bers in the past, to- many
Mitchell is like raging dry-rot
in the party’s superstructure.

There are those who think he
is more than a menace. He is a
one-man infestation. Unless
someone in the party has what
it takes to “treat” him, there is

no limit to the damage he might
cause.
The second culprit was, of

course, Shane Gibson, former

immigration and housing min-
ister, aman whose arrogance is
eclipsed only by what appears
to be his unbridled stupidity.
His behaviour in fast-track-
ing the residency permit of cov-
er girl Anna Nicole Smith, then
being caught on camera
embracing her on a bed at her
Nassau mansion was not only
acutely embarrassing, but also

deeply disrespecttul to the

Bahamian people, many of

‘whom had waited years for res-

idency status for their loved
ones.

‘The Tribune’s page one pub-
lication of those pictures, and
the subsequent worldwide expo-
sure of Gibson’s folly, was the
punch which sent Christie and
his government down for the
count.

Having been softened up by




ON-THE-SPOT-FINANCING



several hard, self-inflicted body
shots over the preceding two
years, the PLP had neither the

will nor wherewithal to with-

stand that final upper-cut.

“We knew it was all over
when that story appeared,” a
senior PLP member told The
Tribune, “We knew it was the
end. We knew we were dead
from that day forth.”

Add to that the “cash in the
closet” scandal involving Vin-
cent Peet, the Cabinet Room
fist-fight between Keod Smith
and Kenyatta Gibson, the Leila-

"gate voicemail embarrassment

created by Neville Wisdom and
you begin forming the impres-
sion that the PLP government
was, in fact, a free-for-all that
Christie could not contain.
Strange, then, that the party

‘should feel compelled to bring

in-Messrs Greenberg,, Quinlan
and Rosner, noted advisers to
the American Democrats and
other progressive political

ety





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organisations around the world,
to tell them what everyone
already knew + that the PLP
engineered its own destruction
with a mixture ‘of corruption,
scandal and incompetence com-
pounded by Mr! Christie’s fail-
ure to control: ‘unruly forces
within his own ranks.

The only real; news angle to
emerge from the report was a
comment on the noticeable
shrinking of the PLP’s base. sup-
port.

For party leaders, this‘is the
most crucial point of all because
it shows that they can no longer
rely on the rock+solid “dumb-
head” vote that) Pindling and
Co always considered theirs by
right.

Bahamians are getting
smarter by the day, mainly
because of greater exposure to
the world media, ‘and they. are
much less likely to support.a

SEE page 10B









Sates







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FILES






TRIATHLON
MeCOMBO

HIGH
LOW






JASON JACKSON was fatally
stabbed in the early hours of
Sunday. morning.

23-year-old
succumbs
to injuries
after fight
outside of
nightclub

By MEGAN REYNOLDS
Tribune Staff Reporter

A 23-YEAR-OLD) man was
fatally stabbed outside: Cocktails
and Dreams nightclub on Sunday
morning and died in hospital
hours later.

Mechanic Jason Jackson, of
Newbold Street, off Market
Street, Nassau, had been out with
his friends and cousins ‘when he
got into a fight with someone
inside the club, which escalated
in the club car park.

SEE page 13 |

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BAHAMAS EDITION

THESE YOUNGSTERS make the most of the fast day of the summer ‘holidays by enjoying themselves at the

MONDAY, SEPTEMBER 1, 2008

beach yesterday. Students across the Bahamas will be setting off for the first day of the term today.

Woman suffers ‘attack, hold Up PSs

and attempted rape’ at home

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

FREEPORT - A Freeport
woman was‘attacked and held up
in her home by a male intruder

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according to police reports.
The incident occurred just
before 6pm on Saturday in the

' Grasmere Subdivision.

Although a number of police
units were dispatched to the area,
the culprit managed to escape into
the bushes with the woman’s
purse. |
Chief Superintendent Basil
Rahming reported that a 50-year-
old woman resident of Grasmere
Subdivision, arrived home at
5.49pm and met a man stealing
items inside her house.

“The culprit struck the woman
in the head and grabbed hold of
her, while ordering her to take off

SEE page 14

Please note that, due to the
Labour Day holiday in the US,
there will he no US Toray

section in today's Tribune. .
The USA Today section of the
paper will return tomorrow. -



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

FREEPORT - Masked men
blasted their way into a Grand
Bahama bar on Friday evening,
robbing its occupants.

According to police reports,
gunmen shot out the front-glass
door at the Sand Bar in Math-
er Town and robbed the estab-
lishment of an undetermined
amount of cash.

Chief Supt Basil Rahming,
press liaison officer, said the
incident occurred around
11.45pm on Friday.

The bar manager and anoth-
er employee told officers that
the masked men, armed with a
shotgun approached the front

SEE page 13



Felipé Major/Tribune staff





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Tribune Staff Reporter

TROPICAL storm Hanna is expected to:cause heavy rain and flooding
in the central Bahamas today, and hit the northwest islands with the full force
of a category one hurricane on Wednesday or Thursday.

However, meteorologists in the Bahamas and the United States are
having trouble identifying a clear path for the storm as it was 150 miles north
east of Grand Turk island yesterday afternoon, moving west at eight to 12
mph with 45 mph winds.

The National Emergency Management Agency (NEMA) issued a warn-
ing to islands in the central Bahamas yesterday, saying Cat Island, San Sal-
vador, Ragged Island, Exuma and Long Island were at-risk of impact from

- the gathering storm predicted to hit between 5am and 7am this morning.

An Acuweather meteorologist based in Florida; USA, said the storm

SEE page 14 :
Bahamians despairing.
over high electricity bills



AVERAGE Bahamians are
despairing over high electricity bills
and fear that they will soon be
unable to pay the Bahamas Elec-
tricity Corporation.

At a time when the work weeks
of many Bahamians are being cut
short due to a sluggish economy
and people are finding themselves
with less disposable income, BEC
prices are “soaring through the
roof.”

A Cable Beach resident, who
wished to remain anonymous, told
The Tribune that although she lives
by herself, her monthly BEC bill is
over $800.

.“T’m paying $320 for the actual
fuel, the actual electricity, but $487
for the fuel surcharge. How am I

supposed to pay that, I can’t. pay

this. What the devil to these people

SEE page 14

Shane Gibson backs —
action by BTC workers

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

EXPRESSING support for the action
taken by BTC workers, former Minister
of Labour Shane Gibson said Govern-
ment and BTC must not sanction union
members for “reacting to an injustice.”

Speaking on behaif of the PLP on the
matter, MP Mr Gibson — who has been
both a trade union leader and a politi-
cian with responsibility for labour — said
that BTC should not punish the workers

SEE page} 13

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» Administration of medication, oxygen and
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Have current BLS & ALS Certification
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CV should be sent via e-mail to gigi.airambulance
@coralwave.com by September 30, 2008.



“He said he
has lost |
everything but
the clothes on
his back.”

INSIGHT

For the stories behind the
news, read Insight
on Mondays



Eye witness:

‘friend as his

A DISTRAUGHT resident
had to be restrained by his
ouse was
destroyed by fire yesterday.

Friends of the owner, who
shares his Taylor Street home,
off Market Street, with his
mother, said he came home
to find the house on fire at
around 4.40pm. |

Residents of the area lined -

the street and watched as

smoke poured from every |

window and the roof when fire

UN UR

crews arrived in three engines
at around 5pm.

It is not known how the fire
started in the back room of
the house, but the owner of
the house shouted suspicions

Owner suspects arson
-in Taylor Street blaze

THE TRIBUNE










Felipé Major/T ribune staff

that it was an arson attack.
An eyewitness said: “He

' said he has lost everything but
_the clothes on his back.

“He said someone had tried «

- to burn him up.”








Renewable Energy Firms wishing to prewar prot shal be eed obit
compreteenive pn

Requests for 5 reaucifcaon Gocstmats or any other information may be made: byemsing:
rte@bahtamaselectricity.com

All proposal docwiloude must be prepared im \ English and! every aed odie for the: prequalifica-
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Kevin Bassler,

P.O. Box N-7509, Nassou, Bahamas.
Tels +1(242)} 302-1000 / Fax: +1(242) 323-68






Attn: Renewable Technolagies Committee (RTC)
E-Mail: rfc@Bahamaselectricity.com

label! Envelope

The Corporation reserves the right fo reject any or alll proposals. All decisions made by the
corporation willl be final.




Two GB men found guilty of

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

i) FREEPORT - Two Grand Bahama men have
,xbeen found guilty in\the Supreme Court of the
. murder of Terrence, Bowles, who was shot to _— er.
death in the ghetto in 2005.
The guilty verdict was handed down by a jury of
eight women and four men against Damien Stu-
art and Jamaal Pernell Lewis on Friday.
The two men were accused of killing Bowles —..
_ shooting him four times — in an argument over
some counterfeit money he is said to have given

| Terrence Bowles murder

his cousin to buy deus from the two men.
According to court evidence, the accused men
sold drugs in the ghetto in Freeport.

Bowles: was:shot dead on August 26, 2005, at
|. Weddell Avenue, Freeport.
It is alleged that Stuart and Lewis acted togeth-

Justice Vera Watkins presided over the trial.

Prosecutor Sandra Dee Gardiner and Erica Kemp
appeared on behalf of the Crown.
Carlson Shurland represented Lewis, and Paul
Wallace Whitfield represented Stuart. :
* Sentencing for both men was postponed, pend-
ing the outcome of a probation report.

Conference to focus on solutions to the
food security dilemma facing Bahamas

Solutions to the food security

dilemma facing the Bahamas
will be the focus of a three-day
conference set to be held next
year.

Ministry of. Agriculture plan-
ners hope the second Bahamas
Agricultural, Marine and

Agribusiness Expo will attract |

more young people. into the

agribusiness sector, and create —
‘new opportunities for those

already in the business of food
production. |

In the process, the event is
intended to play a part in reduc-
ing Bahamians’ traditional
reliance on food imports.

Farmers and animal breeders

throughout the islands are
already preparing for the event.

Hosted by the Ministry of
Agriculture and Marine
Resources and Bahamas Agri-
cultural and Industrial | Corpo-
ration (BAIC), the expo’s
theme is “Improving food secu-

rity. ”

“This thrust is to promote
agribusiness initiatives will
attract foreign investors to part-
ner with local entrepreneurs as
well as encourage import sub-
stitutions,” said a spokesperson
from the ministry.

“The Ministry is committed
to strengthening agribusiness in
the Bahamas and to position
this industry as a fundarhental
pillar of our economy.” |

The three-day national event
will be held on February 26 next
year at New Providence’s Glad-
stone Road Agricultural Cen-
tre.

It will bring together vegeta-
bles, root crops, fruits, and!orna-

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mental plant producers; food
and drink manufacturers; live-
stock breeders; and marine

resource harvesters in friendly -

competition to heighten. the
public’s awareness of the wide
variety and high quality of
Bahamian-produced commodi-

ties. It is intended to expose -

entrepreneurs, students and
interested persons to innova-

tive agricultural strategies, best’

practices and agricultural

_ demonstrations..--~—. ...

Greenhouse technique,
hydroponic systems, propaga-
tion and hybridization methods
also will be featured.

There will be seminars and
discussions to identify and prof-
fer possible solutions to the
challenges confronting food
production’ and how the
Bahamas can attain a greater
degree of food security.

“Tn light of the food security
issues around the world where
food exporting countries have
significantly reduced their
exports or have exported at
exorbitant prices it is impera-
tive that we begin to introspec-
tively examine the issue of rea-
sonable food security,” said the
ministry.

The Government hopes the
expo will prove to be an excel-
lent orientation for new and
mature’ farmers and other
agribusiness persons concerned

about product quality and stan-
dards.

With market access a major
concern of produce's, it is
expected that as a result of the
exhibition, contacts will be

’ made with buyers from the hos-

pitality industry, wholesalers
and retailers.

The Ministry is looking to tar-
get potential young farmers,
especially those in junior and

’ senior high schools.

“We want to attract hard-
working and committed young
persons who can function com-
pétitively in local industries
while adhering to global health
safety and quality standards,”
said the ministry.

“The exposure of students to
the various activities should
begin the process-of creating a
sustainable and dynamic cadre
of young people who will take’
up the mantle of food produc-
tion and processing and other
agribusiness endeavours for
future generations of Bahami-
ans. BAIC is working in part-
nership with the Ministry ‘of:
Education will provide students
and teachers involved in agri-
cultural and home economic
studies, practical experience,
cutting edge techniques, and
strategies that will enhance their
knowledge, and stimulate and
solidify their aspirations within
the agricultural sector.

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THE TRIBUNE

MONDAY, SEPTEMBER 1, 2008, PAGE 3





FOCUS ON EDUCATION

RAISING THE



Move to hire
new maths
teachers from
Bahamas and
overseas

THE Ministry of Educa-
tion has been mandated to
vigorously attempt to hire
new mathematics teachers
from the Bahamas and
abroad in an effort to
improve student perfor-
mance in this area, said Edu-
cation Minister Carl Bethel.

“There is a need to recruit
more trained Mathematics
teachers,” said Mr Bethel in
an address marking the start
of the new school year.

“We believe this effort will.

enhance our existing pro-
grammes and ultimately, stu-
dent performance and

national examination
scores.’

According to the Minister,
the Government will be
looking for Bahamians first,
but also to the United States,
Canada and Great Britain
for potential recruits.

Parents urged to
take advantage
of After School
Programme

THE Government encour-
ages all parents who think
their children are not per-
forming at their best at
school to enrol them in the
new After School Pro-
gramme being offered at all
schools this year.

Last year more than 1,200
students participated in a
pilot version of the pro-
gramme. and Minister of
Education Carl Bethel said
yesterday that he believes it
contributed to the slight
improvement in the BJC and

BGCSE results, and on read-

ing scores and outcomes in
primary schools.

Mr Bethel said the After
School Programme of Study
Halls, and Homework Cen-.
tres, which “provided safe
after school programmes and
additional instruction, as
well as the provision of a
healthy snack, helped to
keep those children who par-
ticipated ‘off the streets’ dur-
ing the dangerous and large-
ly unsupervised hours
between 3.30 and 5.30 p.m.”

During his address to mark
the beginning of the school
year, Mr Bethel invited par-
ents to “renew (their) com-
mitment to (their) child’s
learning” generally becom-
ing more involved with their
child’s school and encourag-
ing their children to develop
healthy study and dietary
habits.”

“Both contribute enor-
mously to the development
of people and our nation,”
he said.

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.

FOR 3 IN 1-AWN SERVICE
Fertilizer, Fungicide,
Pest Control
Tropical Exterminators

322-2157



Education

LOCAL NEWS



ma Education Minister outlines programmes
to improve student performance

ga Greater emphasis to be put on literacy
and numeracy at primary level

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

AFTER spending more
than $7 million on summer
school repairs, Minister of
Education Carl Bethel said
51,000 children will enter gov-

ernment maintained schools ©

today in which there is to be a
renewed emphasis on certain
subjects deemed key to their
development.

Joining them will be.166
new teachers, and a further
25,500 students who will enter
private schools.

“The global economy of the
21st century, of which The
Bahamas is an integral: part,
is an economy dependent on
technology, innovation, infor-
mation and technical skills.
This is the world we have to
prepare our students to com-
pete in,” Mr Bethel said in an
address yesterday.

“The education of our chil-
dren is our greatest national
responsibility. It matters to all.
The effect of any failure can
cause our citizens to pay a
huge economic and social
price.”

Mr Bethel laid out the
strategies that have been
implemented over the last

year and which will get under-.

way this year to improve stu-
dent performance.
These. include placing

. greater emphasis on literacy

and numeracy at the primary
level, while at the secondary
level focusing on Mathemat-
ics, Sciences, literacy and
career and technical educa-
tion.

“Key changes in the instruc-
tional programme include the
ongoing revision of the cur-
riculum and a shift from con-
tent based instruction and a
teacher centred approach (col-








ment to delay its opening.











STUDENTS of the new South Western
New Providence High School will have 1
week’s extra vacation after architectural
flaws discovered on Friday forced Govern-

“Although the school building itself is sub-
stantially complete, last minute flaws dis-
covered in the original architectural plan
and other deficiencies, have led to Change
Orders and delays in completion, which will
require a short delay in the opening of the
new school for a period of one week,” said a
Ministry of Education release.

It added: “This short delay in the opening
of the new high school in New Providence is
in the best interests of the comfort of stu-.
dents and the efficiency of service of teach- ©
ers and school administrators, who need
additional time to prepare their classrooms,
and to ensure that the school provides an
atmosphere that is conducive to learning.”

Carl Bethel

“The education
of our children
is our aegie
national

resporisibili









loquially called “chalk and
talk”) to the application of
skills to student learning and
the development of critical
thinking and problem solving
abilities,” said Mr Bethel.
Meanwhile, emphasis also
will be placed on getting the
business community involved
by asking them to provide
expanded on-the-job training
opportunities to students.
Troubled and disruptive stu-
dents will continue to be
involved in the new Transi-
tional Alternative Programme
for Students.(TAPS), said Mr
Bethel, which it is hoped will
“Gdentify and remove students
who are at risk for violence
and place them into alterna-
tive settings where they can
receive therapeutic treatment,

Architectural flaws delay school opening

C.H. Reevés.

10th at 9am.



Education Minister Carl Bethel announced
tie delay in a televised address on Friday
evening. He also declared over the week-
end that the school is to be named after late
educator Anatol Rodgers, the daughter of

Orientation for 7th graders will now be
held on Monday, September 8, at 9am, while -
eighth graders should report to school the
following day at the same time, tenth graders
should come in on Wednesday, September

counseling as well as academ-.

ic, vocational and technical
programmes designed by

' experts and specialists to help

to modify their behaviour.”
And by offering teachers in
New Providence and the Fam-
ily Islands more professional
development courses it is
hoped their contribution to
their student’s growth will

increase, ». a
According to the ‘Minister, ne
:826 students have qualified to

enter the College of The

' Bahamas this year with Gov-

ernment bursaries that will
pay the full costs of their
tuition.

In addition, the government

for COB to

schools are opening — the
South West New Providence

St George’: ‘si high! schoolin
Freeport.

These will help reduce lass
sizes elsewhere, thereby con-

tributing to learning, said the

minister.

Meanwhile, “Magnet” pro- -

grammes will also get under-
way for the first time at vari-
ous schools, offering students
the chance to study specialised
subjects such as building
trades, nautical science, agri-
cultural studies or photogra-

phy and audio visual technol-

ogy.
“T wish to assure parents,
students and the public that
every care has been taken by
my Ministry to prepare for this
academic year, and to imple-
ment plans and initiatives for
the further development of
education in The Bahamas,”
said Mr Bethel.



Meanwhile, teachers and. other staff will!
still report to ‘the new campus today. |

The release did not. state when ninth
graders should report for orientation, and
The Tribune was unsuccessful in obtaining
clarification up to press time.

According to the ministry, all other public
schools will open today for the start of the
new school year.





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PAGE 4, MONDAY, SEPTEMBER 1, 2008

THE TRIBUNE





The Tribune Limited

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

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

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

EDITORIAL/LETTERS TO THE EDITOR

Senator
should back

Publisher/Editor 1919-1972
Contributing Editor 1972-1991

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




Published Daily Monday to Saturday
Shirley Street, P.O. Box N-3207, Nassau, Bahamas

Publisher/Editor 1972-

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 .



Don’t play cute with the public

PUBLIC Officers Union President Robert
Farquharson ‘has vowed that his union would
respond “aggressively” if Bahamas Telecom-
munications Company’s board takes steps to
punish employees who walked off their jobs

and blocked downtown Nassau on August 11 -

and Port Lucaya, Freeport, the following day.

BTC executive chairman Julian Francis has
said the board’s position is that workers who
were absent. from work without permission
“would have to be sanctioned in some way.”

Elaborating, he said the sanctions “could be
deductions or suspensions in the case of maybe
the more difficult cases — meaning the per-
sons who were driving the trucks and blocking
the streets and that sort of thing.” :

In other words the board has decided in

principle that there has to be punishment, but it. -

has neither determined the punishment nor
who is to be punished.

Mr Francis is a sensible man, and unlike Mr
Farquharson, thinks before he speaks or acts.
No one is suggesting that he will go outside the
union’s industrial agreement, but he will prob-
ably find that the agreement the BTC board
has with the union is such a wet rag that unions
can do almost anything and get away with it.

This is wrong and shows that government
» should immediately take the Trade Union and
Labours Relations Bill off the shelf, where it was
tucked away in 2001, and-have-it debated in
the House as.a replacement for.the Industrial
Relations Act. My WAP
At least it will define legal industrial action,
and provide clear penalties for lawbreakers. *
_ For too many years governments have said
“let’s put this aside and move forward as a
country.” °
And for too many years unionists have taken
this as a sign of weakness and have become
more brazen in their disregard of the law and
the rights of the Bahamian public.

BTC has an industrial agreement with the
union. If this agreement gives a union the right
to do what happened on August 11 and 12, then
it does not have the approval of the much
abused public.

It is this public that demands that there be
sanctions. : ;
- And, as everyone is getting so conscience
about sitting on boards, then maybe a respect-
ed businessman representing the public should
in future have a place on whatever public cor-
poration board negotiates a contract with a
union.

According to John Pinder, president of the
National Congress of Trade Unions, only the

Supreme Court or the Industrial Tribunal can




decide whether or not a trade union is illegal.

He considered the remarks about sanctions
“fnsulting and a threat to the trade union move-
ment.” ‘

He explained that the disruption created in
Nassau and Freeport was “simply an act of a
number of staffers of BTC heading in the same
direction on their entitled lunch hour.”

You know it is irritating when so-called intel-

ligent people try to play cute with the public.
'- Mr Pinder glibly talks about a lunch hour, .

presumably meaning that the workers took off
one hour, then returned to work. This is not
true. :

Some staff started to wander from their
offices before 11am. Some didn’t return at all,

. others didn’t stroll back until around 3pm.

According to BTC executive vice president
Kirk Griffin both management and non-man-
agement staff were called to a union meeting
Monday morning (August 11) and told that
they “should be prepared” to be out for the
rest of the week. Mr Griffin, who had no prior
warning, said this resulted'in the “closure of
BTC offices in New Providence and the sus-
pension of scheduled repairs:and installations.”

Is this what happens, Mr Pinder, when BTC
staffers head “in the same direction on their
entitled lunch hour?” Please don’t insult our
intelligence.

Mr Griffin called the strike illegal. This was
confirmed to reporters by BCPMU president

-. Claude Hanna who admitted that his and Mr
Farquharson’s union had “no approval”: for .

their action.

As for Freeport, Mr Robert Farquharson
bragged that-after the blockade brought every-,
thing to a-halt, operations at BTC offices on
that island did not resume until the afternoon
hours and then it was not business as usual.

No, it was not business as usual.4

Mr Hanna claimed that about 600 employees
participated — not Mr Pinder’s handful who
took a stroll in the same direction — and
bragged that the move had “shut down” BTC
operations.

And Mr Farquharson at the end of the day in.

’ Nassau told workers to go back to their work-

place and if anybody asked them to do any-
thing, “say ‘Uh-uh!’” And they ‘uh-uhed’ until
Mr Justice Lyons read the riot act and ordered
them back to work. When the judge lifted the
order, he made it clear that he would reinstate
the injunction if the unions attempted any future
illegal work stoppage. We would suggest to
Mr Farquharson that he-take a deep breath
and start thinking for a change before attempt-
ing any more “aggressive action.”







action to stop
loud music

EDITOR, The Tribune.

I WAS astonished to read of
comments made by Senator
Tanya Wright (The Tribune —
Business section, August 20,
2008) who stated “that she was
disheartened by the recent clo-
sures and license suspensions
for bars and restaurants play-
ing music too loudly and called
for the Licensing Board to
desist in acting in a draconian
manner.”

How can an intelligent and
educated lady make such a pre-
posterous statement?

I can only assume that she
has been fed information with-

. out undertaking appropriate

research.

To support an action of this’

type only contributes to the
breakdown of the social fabric
of The Bahamas.

It should be noted and

emphasised that the, Licensing

Board does not object to the
playing of music within the

premises of bars and restaurants ~

and thus it cannot be said that
the livelihoods of operators in
these challenging economic
times are at risk.

Furthermore, Madam Sena-
tor, you will find that the public
at large does not have any diffi-
culty with the granting or
renewal of such licenses.

The real problem is

' “deemed” to be playing music

too loudly to the point that it
becomes intrusive to residents
in the vicinity.

Believe me it is not a matter
that is “deemed” to be the case
— it is a matter of fact.

These offensive operators
play amplified music at obscene
volumes quite often with throb-

EDITOR, The Tribune.

REMEMBER the old state-
ment — slow as an old poke?
Well the Bahamas Postal Ser-
vices are precisely that and get-
ting worse every day.

Just why should a letter, post-
ed at the General Post Office
take 10-18 days to be sorted and
delivered to a Post Box at the
General Post Office?

This bad service in sorting
mail is now costing customers
money as certain credit cards
have increased their late pay-

Don Stainton (Protection) Ltd.
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ayes

letters@tribunemedia.net



bing base notes booming late

. into the night. I know this to be

a fact, because it is something I
have had to contend with on a
continuing basis for the past
several years.

This is the first Licensing
Board that has used common
sense and listened with an

~ understanding ear to the com-

plainants in the Court.

There are no “pay-offs” here,
a pervasive element that is far
too prevalent in the Bahamas, it
is just ‘an exercise of common
sense and sound judgment.

The Honourable Senator
states “that the Board should
seek to rationalise the comfort

- of residents with the real busi-

ness reality and strike a com-
promise which will allow both
to survive.” ;

Believe me, Madam Senator,
that is exactly what the Board is
doing.

In:the specific case, with
which I am familiar, there was
no revoking of the license but
the Licensee was reminded to

- abide by the terms of the licence’

— ie permission was granted to
play music indoors.

In this specific case, the oper-
ator established a venue out-
doors from which the music
could be heard froma consid-
erable distance. N

Despite several direct pleas
to the operator, neither heed
nor action were taken.— is that
compromise?

Madam Senator will appreci-
ate that compromise is a two-

ment fees but it isn’t the credit
card’s fault it is the Bahamas
Postal Services.

An example, a letter mailed
in Miami August 13th, arrives in
a post box at the General Post
Office August 26th, now surely
there is no excuse for that?

An explanation from the

“Lose Yourself In Style”

way street and not ist an
excuse to allow these wousive |
operators to peddle their loud
music to all and sundry without
a care in the world.

Do we really want to. revert

‘to the laws of the jungle?

Unfortunately it is the Hon-
ourable Senator who is “out of
touch.”

There is nothing to prevent
any of these operators obtaining
and renewing a license if the
volume of the music is unob-
trusive. .

A parallel situation exists
where drivers of vehicles play
music at a very loud volume

‘invariably with their windows

down.

Unfortunately, in the
Bahamas this seems to be tol-
erated and goes unchallenged
and unpunished whereas in
many other countries such a
public nuisance would be
stopped immediately.

Music is an art form with
many different styles and as
such it has to be recognised and
accepted that not everyone likes
a particular type of music.

In such circumstances the lis-
tener should be able to enjoy
his/her music without forcing

- his/her likes on the rest of the

world.

-In conclusion, I sincerely
hope that Madam Senator will
make other contributions that
will be of significance oth to
the public and to the Senate
that will improve the quality of

_ life in the Bahamas for. all its

residents and not just a minori-
ty.

_A LAW-ABIDING
RESIDENT
Nassau,

August, 2008.

Postal services getting worse every day

Minister — the Permanent Sec-
retary or the Post Master Gen-
eral would be useful, but I fear
a total waste of time as its just
gets worse.

W THOMPSON
Nassau,
August 28, 2008.



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THE TRIBUNE

LOCAL NEWS

MONDAY, SEPTEMBER 1, 2008, PAGE 5





In brief

Lightning
strike causes
island witle
blackout in
Grand Bahama

AN ISLAND wide black-
out affected Grand Bahama
for up to four hours on Fri-
day evening when lightning
struck near the Grand
Bahama Power Company.

The power was cut at
around 6.50 pm while staff
surveyed the plant for dam-
age and the transmission and
distribution crews checked
sub sta‘'ons for safe energis-
ing.

When it was confirmed
there had been no damage,
power restoration began at
around 8.15pm on a priority
basis, with the majority of
the island returning to ser-
vice at around 11pm.

Management, staff and
crew have worked through
the weekend on individual
problems.

A spokeswoman for The
Grand Bahama Power Com-
pany said: “We apologise for
the inconvenience caused to
the Grand Bahama public
‘but would like to assure
them that the plant shut-.
down measures are in place |

to prevent costly damage to
the generators and are in
keeping with industry stan-
dards.

“We would like to also
note that Friday night’s
blackout was unrelated to
the Thursday evening prob- |
lems, which have been
resolved. Should anyone
have any additional prob-
lems they should contact our
24-hour call centre at 352-
8411.”

Man arrested,

gun seized
following
highspeed
chase

A highspeed chase ended _
. with police confiscating a
firearm and taking a 22-year-
old Wulff Road resident into
custody on Friday night.

Police yesterday claimed
that a young man kidnapped
two people — a man and a
woman — forcing them into
the car; which was pursued.

Police were on patrol at
around 11pm when they saw
the vel..cle pull out of Min-
nie Street and head in the
directicn of Arawak Cay.

The driver of the vehicle,
apparently upon seeing the
police, sped off at great
speed.

When the car reached
Laird Street, a man jumped
from the car and began run-
ning, only to be captured.

Nearby officers found the
.45mm handgun and one live
round of ammunition. Inside
the car were the two other
occupants.

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Crash prompts new calls for
repairs at accident blackspot



lm BY MEGAN REYNOLDS

YET another driver crashed
into an. accident blackspot.in
East Bay Street on Friday
renewing calls for government

to repair a dangerous dip in the

road.

Lives were endangered at the
Hammerheads Bar and Grill
when a car crashed into the
wooden fence next to the bar’s
front deck just before midnight
on Friday. Bar manager Sheila
Pritchard said there have been
around 30 accidents in front of
the bar since she became man-
ager two years ago, and blames
a combination of a fault in the
road and irresponsible drivers.

She said: “There’s an acci-
dent here almost every week-
end. These idiot drivers fly past
the lights before the bridge, and
there is a little dip in the road
right there, so they lose traction
and either slam into Hammer-
heads or something on the oth-
er side of the street.”

Patrons sitting on the Ham-
merheads deck and patio were
shocked when the car
screeched, crashed and knocked
down the fence inches from
where they were sitting.

The driver came face-to-face
with bar-goers before he pan-
icked, hastily reversed, hit a
parked car, and drove off. |

One regular customer said:
“T was terrified! I felt like I was
ina movie. It was like it all hap-
pened in slow motion, but if I
had been sitting any closer. I
would have been crushed! I
couldn’t believe the driver just
sped off like that when he could
have seriously hurt somebody. I
was disgusted.”







Police arrived within an hour
and were given the car registra-
tion number 190097 to investi-
gate the matter. Ms Pritchard
said a car crashed into a lamp-
post in front of the basketball
court at Elizabeth ‘Betty’ Cole
park and basketball court oppo-
site Hammerheads early on Fri-
day morning.

Although owners of the
Hammerheads building are
investing in a cement wall to
protect the property, Ms
Pritchard said she does not
think it will help.

“We had a wall put in the
front a couple of years ago, but
people still crashed into that,”
she said.

“The only thing that is going
to help anything is if the gov-
ernment fixes that dip in the
road-and puts up some proper
signs or reflectors to warn peo-
ples;

Ms Pritchard also suggested a

. speed camera might prevent
drivers from accelerating past

the traffic lights and slamming
into the bar before someone is
killed. “We have spoken to peo-
ple who own this building and
the government department for
road traffic and nothing has
been done about it,” she said. “I
guess they won’t do anything
until someone important has
been killed.” :
Independent MP Kenyatta
Gibson recently received hos-
pital treatment after his Ford
Expedition crashed into the
park opposite Hammerheads
but escaped from the accident
relatively unharmed. Hammer-
heads co-manager Robin
Sawyer said: “It has been an
ongoing thing forever and ever.

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Megan Reynolds/Tribune staff:

CRASH SCENE: A car crashed into the wooden fence next to the Hammerheads Bar and Grill front deck.

We are trying to do everything
we can to ensure the safety of
our customers but we have been
actively nagging road traffic to
do something on behalf of our
whole building.” ee

“We. are: just grateful that, ut

nobody was hurt on Friday.”

Tr a
snedherbonx

Rosetta St. .

ec kt



“I was terrified! I felt like I

was in a movie. It was like it all

happened in slow motion.”



Hammerheads customer

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PAGE 6, MONDAY, SEPTEMBER 1, 2008

THE TRIBUNE







i By Sir Ronald Sanders

\ \ | HEN Hillary Clinton
proposed. Barack

Obama as the Democratic candi-
date for the Presidency of the
United States, and the vote was
carried by acclamation at the
Democratic Party’s convention,

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- African-Americans and people

‘ ae tN i : of colour were imbued with a
one, two oF Tne ly sense of equality that few, if any,
three days he would have experienced before.
er Like Michelle Obama, many

Pp of them would have reason to be
weeki!! proud of their country for the first

time. And, they would not have
been unpatriotic or less. Ameri-

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“Never allow people to make

-you feel uncomfortable - saying -

‘you can’t do it’ -
there is nothing such as can't
therefore, you can do anything,
just keep on trying and-—
never give up.”

spin the right wing journalists and
political strategists put on that
emotion.
The majority of white Ameri-
can society have ill-treated, vic-
timised and hurt non-whites —
particularly black people — for
centuries. Few openly condemned
: the behav-
iour of
active
racists and
many
remained
silent while
black peo-
ple were
pushed fur-
ther into
the margins
of. Ameri-
can society.
People
‘ of colour in
America had a right not to feel
proud of their country. The vast
majority of them were, and still





Betty Taylor
Journalist / Entrepreneur



Bele, ene

nomic ladder, and despite the
prominent black faces that now
dot the landscape of American
establishment, they are under-
represented in the corridors of
power, while they are over-rep-
resented in jails, in the junior
ranks of the armed forces and in
the myriad low-paying jobs across
suc United States.

Forty-five years ago'to the day
on which I am writing this com-
mentary Martin Luther King led
a march on Washington, one hun-
dred years after the emancipa-
tion of slavery and, in his famous
spéech, said: “One hundred years

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can for feeling that way whatever .

are, at the bottom of the eco- .

sma UUs Ue es

later, the Negro is still languishing

- in the corners of American soci-

ety and finds himself an exile in
his own land.”

What the Democrats did on '

the night of 26 August 2008 was
to make it clear that they were
lifting the barrier that exiled black
people in their own land. Mak-

‘ing Barack Obama the leader of

their party and their candidate
for the Presidency of the United
States demonstrated an accep-
tance that a non-white American
was every bit as capable as white
Americans to run the affairs of
their nation.

Historic
It was as historic an occasion
as Martin Luther King’s speech
itself. And, it finally paid part of
the Note promised by the Amer-
ican constitution and which King

described as a bad cheque —
“America has given the Negro

. people a bad cheque which has

come back marked ‘insufficient
funds’.' At that time, King




reminded ‘America “of the fierce
urgency of now,” and said: “Now
is the time to open the doors of
opportunity to all of God's chil-

- dren. Now is the time to lift our

nation from the quick sands of
racial injustice to the solid rock of
brotherhood.” It did not happen
then; the fierce urgency of now
was not felt by all. Change came
dramatically but in fits and starts.

The nomination by the Demo-
cratic Party of a non-white man to
be President of the United States
has helped to change America
more; to help lift it from the quick
sands of racial injustice. But, it is
not yet on the solid rock of broth-
erhood. The nomination of
Barack Obama as the Democrat-
ic Presidential nominee has not
achieved that goal, and it will not
be achieved even if he is elected
President of the United States,
but at least the Democrats have
set American society much fur-
ther on the way.

And for this, much is owed to
both Hillary and Bill Clinton.
Obama could have wanted no
more a ringing endorsement than
he got from both of them in their
speeches to the Democratic con-

vention. They spoke with passion,

commitment and without reser-
vation.

They could have done it dif-
ferently. Had they done so, they
would have strangled Obama’s
bid for the White House, and
caused America once again to
send non-white people a bad
cheque. Dr King’s famous admo-

nition would have again held

sway: “There will be neither rest
nor tranquillity in America until
the Negro is granted his citizen-
ship rights. The whirlwinds of
revolt will continue to shake the
foundations of our nation until

the bright day of justice emerges.” .

In the trenches of political bat-
tle with Obama, the Clintons who
are seasoned and determined
politicians, pushed close to the

Were looking for
~ some “old” friends.

The American election:
the quick sands of race?

edge, even once coming close to
playing the-race card. But, in the
end, they responded to a wider
and more powerful call to right
ancient wrongs and to help set
America on the road of justice
and equality. Their unequivocal
support of Obama on all counts

‘has made it difficult for the

Republicans and their Presiden-
tial candidate, John McCain, to
use race against him. The Clin-
tons deserve credit for this.
They also deserve credit for
maintaining the unity of the
Democratic Party. They knew

. quite well that a divided party

would not defeat the Republi-
cans, not even with its poor
record of the last eight years, and
they subjugated their own bitter-
ness at losing to Obama in the
interest of the Party’s victory.

In any event, Obama has
jumped yet another hurdle in the
race to make history. But the race
is far from over and it enters now
for him and for the electorate of
the United States the acid test
phase. :

The contenders are down to
two. One white, one non-white.

Eight years of war-mongering
and poor economic performance
are indelible stripes against the
Republicans and John McCain.
McCain has declared himself on
staying in Iraq, a deeply unpopu-
lar position with the American
people, and he has openly admit-
ted that he has no firm grasp of
the problems that beset the US
economy. McCain is old, Obama
is young. It should be game, set
and match for Obama.

¥et, the polls don’t show an
overwhelming lead; yet the pun-
dits express doubts.

Is it that many Americans
have been pulled from the quick
sands of racial bigotry, but not
enough of them have reached the
rock of brotherhood? That,
indeed, there is still not a fierce
urgency of now on this issue?
The next few months will tell.

Responses to: ronaldan-
ders29@hotmail.com —
mail.com>

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

RBC Royal Bank of ‘Canada’s Main Branch was built in 1917

This year-in November- RBG Royal
Bank of Canada will celebrate 100 years
of operation in The Bahamas. Our
longevity and success would not have
been possible without the loyal support

of our customers.

We want to honour some of our “oldest”
friends. So we are offering special gifts
for the earliest Royal Bank photos,

stories, anecdotes and records-an old
passbook, correspondence, statement,

if you’re a veteran Royal Bank client,
or if any of your family members were,
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As we observe our 100th year as the

this far.

a cancelled cheque, old photos, etc.

premier financial institution in The
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Without you we could not have come

Thank you.

lf you think you qualify, |

please mail a copy of your record to Jan Knowles at |
P. O. Box N-7549, East Hill Street, Nassau, Bahamas

by September 30.

|

" Please include your name, telephone number
and email address with all submissions.



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www.rbcroyalbank.com/caribbean/bahamas
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—~
THE TRIBUNE

MONDAY, SEPTEMBER 1, 2008, PAGE 7





_ Purchasellyourlloop loft The Tribunelon
. forllourffourthlannualllobservancellof

INTERNATIONA

LiteracytlisJallbrid 3 frommiserydtodhope. Oltdisla



oT 3

BAHA MAR

PRAT IAAT,

jety. Ohtlislalibul-

Help for first-time oe in Andros

A LOW-COST house
building programme is being
implemented by Government
in South Andros and Man-
grove Cay-to help first-time
buyers purchase property.

Androsians will be given
first preference in the Ministry

of Housing programme, which.

will expand the Money Rock
community and begin occu-
pancy of the Mangrove Cay
subdivision outside Moxey
Town with affordable pack-
ages allowing first-time buy-

ers to purchase serviced lots -

or have their homes built at a
low-cost, duty-free.

Rent-to-own homes and sys-
tem homes also will be made
available through the pro-
gramme.

Visiting the sites in the
Money Rock community in
the Bluff, South Andros, and
the Mangrove Cay subdivision
last weekend, Minister of
House Kenneth Russell said:
“The government wants to get
as many persons as possible
into their own homes and our

goal is to get all of them com- .

pleted and up and running as
soon as possible.”

Mr Russell was accompa-
nied by acting permanent sec-
retary Melvin Seymour, first
assistant secretaries Lithfield
Rolle and Leslie Dean; and.
technical staff Lorenzo Moss,
Jeffrey Clarke and Chemaco
Brown. They were met by
South Andros District Offi-
cer-in-Charge Inspector Sid-
ney Rolle, Chief Councilors
Zebedee Rolle and Lenward
Saunders and Local Govern-
ment officials.

Mr Russell noted that while
the Money Rock subdivision
has the potential to grow by
several hundred lots, residents
of South Andros would pre-
fer to expand existing settle-
ments. , ;

However, 14 serviced lots
in Money Rock need to be
sold before development of
land available around.other
settlements can be considered,
he said.

In Mangrove Cay, where
the smallest lot is 12,000 sq ft,
compared to Nassau’s smallest
government lot at 5,000 sq ft,
the Minister was concerned
about how low income fami-
lies will be able to: afford
them. He said: “We have to
look at the possibility of split-
ting some of the land to make
smaller lots for people of real
low income to be able to
afford them. They are ready to
purchase lots and build
homes. They have some con-
cerns and we will address
them.

“As for Money Rock,
there are some things that
must be done first before we
can say that we are going full



“We have to
look at the pos-
sibility of split-

ting some of the |

land to make
smaller lots for
people of real
low income to
be able to afford
them.” |



Kenneth Russell



Government implementing

low-cost housing programme egNVENENT TRAY A



Gladstone Thurston/BIS Photo

MANGROVE CAY Local government official Brian Moxey makes a point during discussion on the Mangrove Cay

‘subdivision.





HOUSING MINISTER Kenneth Russell and Acting Per- HOUSING MINISTER Kenneth Russell (right), Acting
manent Secretary Melvin Seymour (both seated) explain “Permanent Secretary Melvin Seymour (centre), and
to interested Mangrove Cay residents the layout of their South Andros’ Chief Councilor Zebedee Rolle listen to
the concerns of residents for proper housing.

subdivision.

speed ahead. We will work on
those things immediately so
that the people of South
Andros can realize their
dream of owning their own
land.”

The amount of land avail-
able in the Family Islands is
phenomenal compared to
New Providence, -the Minister
said, where land is running
out. He said: “We are getting

LN a ae aE aE EO EON

“Cet what you need to Jo
back : school.



_ESRRGHEERE RES eat



60 acres in a couple of weeks
and we know there is more
than that. But sooner or later
we are going to run into a

problem with land and I hope’

that between now and then
we can educate our people to
the point where they can
understand that living a con-
dominium style is not a sin. It
is just a different form of liv-
ing.

eee





packages starting at:

789

HP 530 Notebook 15.4 Widescreen with Vista Home Basic.
Also includes HP - Notebook backpack & Panda Anti-virus.

ORELLE LSS LEE E GE EEE,

“Where you don’t have |

land and you have to put more
persons on the same land, in
order to do that you have to

go condominium style. I hope |

that gradually we accept that
as a way Of living. In Freeport
we have accepted. that
already.” Applications to sign
on to the housing programme
are available from chief coun-
cillors in South Andros.



Ncy

Prince Charles Drive
















4 Laat 80 -

: $223.80 || °
$265.80
$396.80

$490.80
$416.90

$85.00
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$60.00
_ $77.00
$66.00







$39. 00 $52.00








t 500 $52.00
$39.00 $49.00
$46.00 $62.00
$36.00 $46.00

ee 6-432 361430


PAGE 8, MONDAY, SEPTEMBER 1, 2008

THE TRIBUNE



[2 RE ee SS ST en a FRM! EEN
Is imitation truly the sincerest form of flattery?

m@ BY INIGO “NAUGHTY”
ZENICAZELAYA

Revemoerr those
scenes in television

shows where two women
showed up to an event in the
exact same outfit—to the cha-
grin of them both—and one
insisted she needed to go home
and change? Well I'll be honest,
as a man I never got what all
the fuss was about. So you
decided to wear the same
clothes as someone else, big

deal! We men are used to see-
ing our buddies dress similar to
us — especially when it comes
time to root for our favourite
sports teams — and usually
showing up in the same jersey is
considered a unifying event.



And not once does either guy
complain or entertain the
notion of “changing outfits.”

Of course, with women it is a
completely different story.

A few months back I had the
misfortune of suffering through
a two hour tirade—courtesy of

Male bonding, I think it’s called.

GE Mechanical Room
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Sales & Full Service Department
Rosetta & Montgomery Streets ©
322-2188/9



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and want to get rid of it!

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dreamed about owning, we have available

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my lovely wife—because one of
her friends had the audacity to
show up to a party wearing the
exact same pair of shoes she
was wearing. Shoes!

To me, this was no big deal.
But—sensing I was not enthu-
siastically getting her point—
my wife explained to me (in
painstaking detail) that she and
this “treacherous heifer” had
gone shopping together and the
friend in question watched her
buy these shoes and knew she
would be wearing them to this
party.

My response: So? Isn’t imi-
tation the sincerest form of flat-
tery?

Apparently, it is not. To hear
my wife tell it, you would think
she had been spied on by Inter-
pol and her “intellectual prop-
erty” (her words, not mine) had
been stolen. She had seen ‘the

shoes first, bought the shoes —

first, conceptualized wearing the
shoes first, so there you have it.
Now, upon further examina-

tion—at her nonstop insis-
tence—I have to admit the
shoes in question were not your
regular set of black pumps.
They were colourful contrap-
tions with straps everywhere,
attached to ankle injuring four-
inch heels.

Doublemint

Quite unique looking; except
not at that particular party.

This whole episode got the
comedian in me thinking: When
is biting (colloquialism for copy-
ing someone’s style) acceptable
and unacceptable?

If you happen to be a mem-
ber of a set of twins (identicals
only, please) then go ahead and
dress alike.

Let’s be honest, everyone
loves those Doublemint girls.

If your neighbour just bought
a brand new car that you just
love, purchasing that same vehi-
cle, only in a different colour, is

unacceptable. If you happen to
be a member of an exclusive
group (Army, Defence Force,
Police Force, Rastafarians or
Circus Clowns) then biting your
fellow member’s garb is manda-
tory and therefore acceptable.

If you’re a church diva whose
hat was dwarfed by another
member’s gargantuan brim,
upgrading to the same satellite-
sized fedora for the following
week is totally unacceptable.
(Sorry ladies, but sometimes I
like to see who is delivering the
sermon from the pulpit).

If your college Math Final is
killing your chances of actually
graduating, and you happen to
be sitting next to a kid with an
extremely high IQ, well, you
know what to do. I guess what
I’m trying to say is in a world
where just about everything can
be Xeroxed, copied, cut and
pasted, sometimes there’s noth-
ing better than a good old-fash-
ioned original!

IN YOUR OWN BACK YARD!

Are you aware that over 600
people in the Bahamas have
real estate licenses? With that
many practitioners, the seed

’ quickly separates from the

chaff, with a small percentage
rising to the top in quality ser-
vice to buyers and sellers.

As you consider the moun-
tains of documentation, financ-
ing, negotiating, marketing,
inspections and the like, where
would you begin to locate the
BREA agent best suited to your
needs? It makes sense to start at
home, with those individuals
who you know or come highly
recommended to you.

It makes sense to work with
someone who is active within
and knowledgeable about the
real estate community. More
information for your choice of a
representative can be found




‘through advertising, and refer-

rals and recommendations from
other agents, neighbours, and
local business leaders.

Once you’ve interviewed and
selected a BREA agent, make
sure your relationship is clearly
defined and documented. Most

International Company ny to hire.
Interested persons must possess the

following:

Proficiency in Computer Operations
Proficiency in: Microsoft Office

Ability to perform secretarial work
Ability to perform general odds and ends

Mail Collections

Bill Payments - Telephone, Electricity
NIB and other bills

Please apply in writing to the: ‘
Human Resource International

394-0487 (Fax)
P.O.Box SS6411
Nassau, Bahamas

26’ BOSTON WHALER OUTRAGE
WITH BRAND NEW TRAILER

Year: 2001
Price: $60,000.00
Hull: . Fiberglass

Engine: Twin Mercury CXL OPTIMAX, 225 HP, 450 Hours

YW#: 55032-1853792



agents represent sellers. Make

_sure your representative

explains how he or she works

- with all parties to the transac-

tion.

Then your agent will begin
discussion of local market con-
ditions and how they. come to
bear upon your listing or your
purchase. A carefully selected
BREA agent from your com-
munity will provide all the infor-
mation you need to move for-
ward with confidence.

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.

26 Outrage in great condition! Fully loaded with Auto-pilot, Fish finder, Chart plotter/GPS,
Stereo/CD, Head, Freshwater, Bow cushions. Powered with twin Mercury 225 Optimax and

smart craft gauges.

Standard Equipment

Bow anchor storage w/hatch

Seats w/drainage
Integral swim platform

Rod holders
Bait prep area

Under gunnel rod racks

Self bailing fiberglass cockpit
S/S steering wheel

S/S console grab rail

Drink Holders

Fiberglass transom door

eeeeeesrk#éceeeseetskteesrkeesetee#sekee#st8t#e?28@

Forward coaming bolsters
> Hydraulic steering w/tilt

integral bow pulpit w/anchor roller and chafe plate

Port & starboard forward deck storage

Port & starboard fish boxes w/drains

Livewellat transom w/washdown

Optional Equipment

Porta potti w/pump out & O/8 discharge

T-top w/top gun outriggers

Windlass
Anchor

Leaning post w/cooler

- Full electronics including radar, chart potter,

auto-pilot, fish finder, VHF, stereo

Lockable console storage w/plexi door

Vertical rod holders at forward deck seat

CONTACT:

Owner

Ph: 424-4959

E-mail: kedgecombe@gmaitcom


THE TRIBUNE MONDAY, SEPTEMBER 1, 2008, PAGE 9



LOCAL NEWS

FUNERAL FOR DEFENCE FORCE MARINE

A military funeral
was held defence
force marine Gary
Carey on Thursday.
Fifty-four- year-old
Mr Carey, who had
been with the Royal
Bahamas Defence
Force for 28 years,
was found dead on
August 17. A woman
- Shimeakima Pratt,
29 - was charged
with. his killing on
Tuesday last week.

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r
PAGE 10, MONDAY, SEPTEMBER 1, 2008 | THE TRIBUNE















SHARAZ performs at the Make ‘Em Listen concert on Saturday night at the LS
Rainforest Theatre. mâ„¢ RAPPQUELLE perform

Young Bahamian artists were on show at the Rainforrest Theatre on Saturday
night. Organisers, Make ‘Em Listen, wanted the concert to showcase local talent
in a variety of musical styles, including reggae, hip hop, R&B, pop and jazz.

ord Party
Insurance
nel’d, Throug



~ Honda

Bank
Financing
Available

Come make an offer on
our local trade ins

Located: Thompson Blvd
Tel: 325-0881/2 Open: Mon-Fri. 8a.m. - 5:30p.m.

Sat. 8a.m. - 12n00n . GATS



CARIBBEAN ASSOCIATION OF ONCOLOGY
HEMATOLOGY CONFERENCE

SEPTEMBER 4TH -7TH, 2008
The Atlantis Resort & Casino,
Paradise island
Nassau, The Baharnas

. HOSTED BY
; DR. JOHN LUNN, DR THEODORE TURNQUEST
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UW. STUDENTS Conference topics to include:
& HOUSE STAFF: $50.00 | Breast Cancer
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Registration to the CAOH Event Hematologic malignangies
Welcome Reception And many others. |...
Continental Breakfast |
Lunch “For more information please contact
Closing Dinner/Party (242) 325-6284 or (242) 322-5845

Located: Harbour Bay Shopping Center : .
Ph: 393-4440 or 393-4448 |
THE TRIBUNE . MONDAY, SEPTEMBER 1, 2008, PAGE 11

a i SSS SSS SSS SSS SSS SSS SS ST

LOCAL NEWS



FRISCO
turning
on the

style.



REBIRTH
wows the
crowd.



Bahamas Bus & Truck Co., Ltd,

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

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Bank And Insurance

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_Check Our Prices
Before buying

BOBO KEN in performance.

SLU2GZ at the Make Em Listen concert.

SS Se Se eR we woe



The College of The Bahamas Alumni Association

HALLO FAME | HALL OF FAME

~ MEMBERS

SEEKING NOMINATIONS

What We Are ‘About

(

The Alumni Association Hall of Fame was established in‘spring of 2001 by the Executive
Board of the Association. The purpose is to recognize annually a COB alumna/alumnus who —

is making significant contributions to the development of The Bahamas. It is envisioned that M

honourees will play'a major role in the fundraising efforts of the Association. NASSAU, B AHAMAS



On May 11, 2001, the Alumni Association named Bishop Neil C. Ellis, Pastor, Mount Tabor
Full Gospel Church as its first inductee. Subsequently named were Larry Gibson, a financial C A R = F R O Pp PO RTU N ITY
services expert (2002); Laura Pratt-Charlton, a pharmacist /entrepreneur (2003); Tanya

McCartney, an attorney anda former member of the Senate (2004); Vernice Walkine,

Director General of Tourism (2005), Keith Bell, Former Superintendant of the Royal Bahamas
Police Force(2006}, Charles Sealy, Chief Executive Officer, Doctor’s Hospital (2007).





The Baha Mar Group of Companies has openings for Finance and Accounting
Professionals / Managers. Positions will be leveled based on candidate experience
Each honouree is presented with a 36” Silver European Cup, which symbolizes his or her and accomplishments.

outpouring of inspiration that causes others to thirst for “knowledge, truth and integrity”,
the values promoted by The College of The Bahamas and reflected in the institution’s motto. The candidates should hold Chartered Accountant or CPA credentials. Public



accounting experience is highly desired. _ Advanced degrees and industry

Hall of Fame Award Criteria:. experience will also be considered.
What It Takes to Be Nominated and Become a Member of The Hall of Fame: -

The Alumni Association of The College of The Bahamas views induction into its Hall of Fame ney Ski / Is:
as its highest honour, It is a designation extended to individuals whose lives are the hallmark Knowledge of IFRS and US GAAP accounting
of The College’s motto “Knowledge, Truth, Integrity.” Experience in auditing and/or performing consolidation of multiple



company financial results

To be considered for the Alumni Association Hail of Fame, nominees must: Financial policies and process knowledge

¢ Have distinguished themselves as students, acetone) and socially, while at The Financial systems experience, with expertise in MS Excel required
College of The Bahamas

¢ Be among the best in their chosen fields of endeavour, displaying scrupulous conduct
that stands as an example to others,

e Bea leader and relentless worker whose success benefits co-workers, those they
supervise or employ and the community in general. gh ae eee

¢ Excel in civic outreach and make a ote to society that is easily visible within Activities andR esponsi! bilities Include:
their fields and the wider scope of Bahamian Life. Managing and/or supporting annual audit coordination

e Exhibit strength of character that translates generally into community strengthening, + Oversight and work in MS GP financials software
personifying their alma mater’s motto “Knowledge, Truth, Integrity”.

¢ Be nominated



Ability to coordinate effectively among various staffi in functional and
- business unit positions
Supervision of technical / professional support staff

Regulatory reporting and special purpose reporting



Provide technical accounting guidance

+4 aasihat fam eaward Normladtion rom Coordinate effectively with operational, development and legal staff

May be obtained from Involvement in various financial reporting processes, monthly close,

The Office of Alumni Relations & Development (Upstairs, Administration Block (A-Block)) balance sheet reconciliations and process management
Oakes Field Campus Or may be downloaded from http://my.cob.edu.bs
All nomination forms, along with a current portfolio and photograph, must be submitted by

Wednesday, October 8, 2008, 1 :
For more information, please call the Office of Alumni Relations & Development at 302-4359. bjolly@bahamar.com

Portfolio Size: Five (5) pages (maximum) * Font size: 12 pt * Paper 8.5 inches x 11 inches

2:
Interested parties can confidentially apply by sending a résumé to:



+ )
PAGE 12, MONDAY, SEPTEMBER 1, 2008

THE TRIBUNE



LOCAL NEWS

Raymond A Bethel

The Eugene Dupuch Law School Students’ Association’s

Race Judicata 2008
Thanks You!

Thank You to all of our friends,
supporters and sponsors and in

particular-:
Abbottslabs BTC Bahamas Food Services “Bahamasair Burger King Butler & Sands



Caribbean Bottling Ltd. City Markets Ltd. D'Albenas Agency Ltd. Doctors Hospital
Fidelity Bank (Bahamas) Ltd. Galanos Agency. Graycliff Restaurant John Bull Lowe’s
Wholesale Drug Agency Ltd. Ministry of Health More FM Nautilus Water Royal

Bahamas Police Force Starbucks Subway Hon. Byron Woodside Thompson Trading Co.

Ltd. Zeta Phi Beta Sorority Mr. Raynold Cartwright

Congratulations to all trophy winners!

SEE YOU IN 2009 - BIGGER & BETTER!!!

Credit Suisse, Nassau Branch
Private Banking

is presently considering applications for

Head of Credit Risk Management

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

Qualifications:
- University Degree or equivalent

Experience:
- Sound international banking background with 7 to 10 years in credit risk

management
- Strong understanding of Private Banking Business
- Technical product knowledge of various credit products
- Excellent knowledge of Globus Banking System
- Well versed in Swiss banking practices and standards
- Solid experience in Project Management
- PC Literacy (MS Word, Access, and Excel)

Personal Qualities:
- Strong analytical skills

- Excellent organizational, interpersonal and communication skills

- Highly motivated with a commitment to service excellence

- Must possess excellent management and leadership skills

- Strong communication.-skills and one of the following languages would be an
advantage: German, Spanish, Italian and French .

Key Duties & Responsibilities:

- Analyze and approve international credit applications

- Ensure a high quality of credit portfolio and limit credit risk through diversified
collateral and adequate margin requirements

- Identify potential risks and suggest improvements regarding controls, systems
in use and business management

- Support relevant Head Office projects as credit expert; SOX, Basel 11, Risk
Saver International, TLS

~ Provide overall leadership, direction and control to the credit function

- Implement local credit policies based on Head Office policies

- Ensure correct risk ratings are recorded in Globus System

Benefits provided include:
- Competitive salary and performance bonus

- Pension Plan
- Health and Life Insurance
- Ongoing interna! and external career development/training program



Applications should be submitted to:
Human Resources Department
P. O. Box N-4928

Facsimile: 356-8148
DEADLINE: 12‘ September, 2008

»

CREDIT SUISSE

PM leads delegation to
North Abaco to tour
Conch Rock land *

PRIME MINISTER Hubert Ingraham led a delegation to North Abaco on Thurs-
day, August 28, 2008 to tour crown land in Conch Rock; the site of a pro-
posed port. Following the walk-through, the group viewed the area by

boat. Viewing the plot plan of the selected site from left are Daniel Wilkinson,
Senior land surveyor; Prime Minister Hubert Ingraham; Michelle Bethel;
Administrator for South Abaco, Benjamin Pinder; Keith Bishop; Benjamin Fer-
guson; and John Schaefer - area Engineer for Abaco.

OVERSEAS NEWS"



More than 11,000 Iraqis
freed in 2008 — US military

@ BAGHDAD

More than 11,000 Iraqis have been released
from American detention centers this year, leav-
ing nearly 20,000 still in custody, the U.S. military
said Saturday.

Some 19,700 Iraqis remain in detention at two’

main centers in Iraq — Camp Cropper in Bagh-
dad and Camp Bucca in southern Iraq. Several
hundred more detainees are expected to be
released by mid- -September, military spokesman
Maj. Neal Fisher said in a statement.

The United States wants to transfer the remain-
ing detainees to Iraqi control, but has been hin-
dered by the lack of adequate Iraqi prison space

and trained guards. More than 8,900 people were.

released from detention last year.

Rights groups have criticized U.S. detention
policy as a misrepresentation of international
law, which requires some form of legal process to
detain someone.

But the U.S. military has said its detention sys-
tem is authorized by a U.N. resolution under
which the Iraqi government allows U.S. troops to
arrest people at will.

Fisher said each detainee appears before a
review board every four to six months. The mili-

tary has said the average detention time is 330

days.
Meanwhile, gunmen killed a member of a local

US.-allied Sunni group and his family north of -

Baghdad, the U.S. military said Saturday. .

The man was killed Friday night in his home in
the village of Withah in the volatile Diyala
province. His father, mother and an infant were
also killed in the attack, which-was in coordination
with an assault on a nearby Iraqi army check-
point that wounded one brag soldier, the military
said.

y» MINISTRY OF FOREIGN AFFAIRS



Karim Kadim/AP Photo

AROUND 250 Iraqi refugees who had been living in
Egypt return home free of charge on the Iraqi Prime
Minister's plane, at the airport in Baghdad, Iraq, Sun-
day, Aug. 31, 2008. The state-sponsored flights have
been aimed at accelerating the return of Iraqis: now that
violence is down, though some who have ;aturned
said they were going back because they were broke
after years of exile and were still afraid of the dangers
in their homeland

for First Time Applicants for
- Electronic Passports



CHILDREN 0-17 YEARS

One (1) completed application form (countersigned)

Three (3) passport - size photographs (one. must

be countersigned along with application form)

National Insurance Card

Child’s Birth Certificate or Registered Affidavit of

Birth Certificate

Child’s Immunization Card (If requested)

Mother's Birth Certificate, and Passport or Proof

of Citizenship (if requested)

Primary School Records (if requested)

An Interview

- Parent or legal guardian must be present with
applicant.

When using Father’s documents, the Father's

Birth Certificate, parents registered Marriage

Certificate and Father’s Passport.

ADULTS: 18 YEARS AND OVER

One (1) completed application form
Three (3) passport-sized photographs (one must
be countersigned along with Application form)
National Insurance Card
Certificate of Citizenship or Registration
Certificate of Naturalization

¢ Birth Certificate or Registered Affidavit of Birth
and Baptismal Certificate
Mother's Birth Certificate and Passport (except if
applicant was born after 9th July, 1973)

* Registered Marriage Certificate (if a married
woman)
An Interview

PERSONS APPLYING WITH AN
AFFIDAVIT IN PLACE OF A BIRTH
ene

Search Card

Hospital Records

Baptismal Certificate

$4.00 Stamp on the Affidavit

Mother's Birth Certificate along with documents
requested In your age group

AUTHENTICATION OF
APPLICATION

The application must be authenticated and
countersigned by one of the following persons who
has been personally acquainted with the applicant
for at least two (2) years:

A Marriage Officer

Medical Practitioner

Counsel and Attorney of the Supreme Court
Officer of or above the rank of Assistant Head of
Government Dept

A Bank Officer

Magistrate

Justice of Peace.

Members of the applicant's immediate family are
not authorized to countersign the application.

FOR MORE INFORMATION

Pick up a brochure and an application form from the Passport Offices in Nassau at Thompson Blvd
and Freeport at National Insurance Building, East Mall, Explorer Drive; also from Island Adminstrators’ offices In The Family Islands.

Public Information line: 242-322-PASS (7277) 01 242-323-2528 Fax: 242-325-4832
Email: passportoffilce@bahamas.gov.bs
THE TRIBUNE

MONDAY, SEPTEMBER 1, 2008, PAGE 13



LOCAL NEWS



Young man dies
after stabbing

FROM page one

Chief Superintendent Glenn Miller said:
“I’m not sure exactly what it was that hap-
pened inside, but we think it was some foolish
thing as simple as one person accidentally
stepping on someone’s feet.”

The-argument continued outside just before
closing time at the club, and several witnesses
watched as Mr Jackson was stabbed several
times in the abdomen at around 3am.

He was rushed to Princess Margaret Hos-
pital but died of his injuries just two hours
later.

Mr Ja kson’s aunt, Alison Edgecombe, of
Newbo. Street, received a call from the hos-
pital at Sam.

She said: “He dropped me home on Satur-

day night and I said be careful, then at 5am I
get a phone call saying he had been killed.

“He was a nice person, he never got into
any problems. Someone was probably waiting
for him outside who just didn’t care.”

The former CR Walker student who fixed
broken vehicles in St Cecilia, was the youngest
of three sisters. His mother died 14 years ago,
and he was raised by his father in Smithsville,
Nassau.

Mr Jackson’s cousin, Rishand Newbold, 19,
said: “He was.a good, caring son, brother,
nephew, uncle, cousin. Whatever you needed
he would give you. He was a real good friend.

“He enjoyed hanging out with his family, he
liked kids, he especially loved his nephews.”

Miss Newbold said he had a great sense of
humour when playing with his family, and

was given the nickname Uncle Ben-Bone.

“He didn’t go out much,” she added. “And
if he did, he went with family.”

According to his family, it seemed as though
Mr Jackson was prepared for death by check-
ing in with all his family members before he
went out on Saturday night.

Miss Newbold said: “Our family is really
close. On Saturday night he was hugging
everybody and making sure everybody was
straight, it was like he knew he was going.

“It makes you think twice, to realise that
your life could get taken away so quickly,
without hesitation.

“It’s a shock, a real shock. I can’t believe he
is gone, No one would expect that for him. For

* ‘something like that to happen is really hurt-

ful.”
A 19-year-old man is being questioned in
connection with the stabbing.

Shane Gibson backs action
taken by BTC workers

FROM page one

glass door and opened fire, shat-
tering the glass to gain entry to the
Sand Bar.

The suspects robbed the
employees of cash and one black
Motorola cellular phone and one
orange coloured island print purse,
and fled the scene.

The employees described the
gunmen as dark males, one being
about 5' 9" to 6" tall. Police are
investigating the crime.

Also under investigation is
another armed robbery incident



x
8
:
:
8
8
'
x
x
‘
x



accosted by two black men.



Bar robbed

that occurred on Thursday in the
Sea Horse Village area.

Supt Rahming reported that two
expatriate workers were walking
around 9.15pm when they were
accosted and robbed by two men.

Peruvians Leandro Ortiz, 42,
and Edwardo Huamoni, 35,

‘employees of the Grand Bahama

Shipyard were returning a shop-
ping cart to the nearby Lucaya City
Market store when they were



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FROM page one

without first following the “cor-
rect process.”

And he claimed that too much
attention is being focused on how
to chastise those involved rather
than dealing with what caused
them to demonstrate.

“T think that politicians should
stop trying to deal with the result
of actions taken by the members
when they felt as though their
rights were being taken advantage
of, they should try to deal with the
substantive issue.”

“As I understand it, that is that
they wanted to be involved in the
process, not that they objected to
privatisation-and I understand that
they tried on several occasions to
communicate with the minister
and also the prime minister and
they were unable to contact the
prime minister and were unable
to get a response to their mes-
sages.”

He said any government or
employer is wrong “for trying to
deal with the union for not dealing

with them properly (before), after
they would have reacted to what
‘was an injustice.”

Mr Gibson’s comments come
after National Congress of Trade
Union leader John Pinder and
Bahamas Communications and
Public Officers Union president
Robert Farquharson both criti-
cised government and BTC chair-
man Julian Francis in light of their
claims that BTC workers could
face some punitive measures.

Deputy Prime Minister Brent
Symonette said “appropriate
action” would be taken, while Mr
Francis suggested pay deductions
or suspensions could occur,
although neither gave a timeframe.

The two union leaders, who
both said that government and

BTC do not have the right to.

determine if the action was illegal
or not, threatened that if punish-
ment is meted out their members

_. could again protest.

Mr Gibson agreed: “There’s a
mechanism in place to determine
whether the contract’ was
breached, and that’s that you go

before the industrial tribunal, you

‘ go to the ministry of labour first,

for conciliation and then you go to
the tribunal, you don’t just act uni-
laterally.”

The former labour minister said
that while demonstrations and the
inconvenience they cause should
be avoided if possible, “there’s
only so much that employees have
at their disposal.”

He said that as he understood it
the union representatives, who
protested over a lack of voice in
BTC’s privatisation process, were
“placed on a committee without
any teeth, without any terms of
reference.”

The Government has denied
this, stating that the committee on
which the union is represented is
the “key” committee.

NCTU leader Mr Pinder said
on Thursday that BTC workers
did nothing illegal when they
protested earlier this month,
blocking Bay Street for around an
hour and temporarily denying
access to Paradise Island with their
parked government vehicles.

But stakeholders:such as

- Bahamas, Employers Confedera-

’ tion president Brian Nutt said that

politicians’ historic reluctance to
chastise unionists that engage in
illegal industrial actions, of which
he believed the BTC action is one,

_ must come to an end.

Yesterday PLP MP Obie Wilch-
combe told The Tribune that he
thinks it unlikely that any sanc-
tions will be inflicted on the work-
ers despite what has been said.

“Did the Prime Minister say
that punitive measures would be
taken? J think we’ve heard from
some of the others but not the
Prime Minister.

“The Prime Minister is much
brighter than that. He is a politi-
cian. He knows that what might

‘ have happened is a breakdown of

communication.

“Tf you believe that you’re going
to lose everything that you have
then you're going to fight. And I
think common sense is going to

prevail and people are going to sit ,

down and say, ‘Listen, we don’t
have to take this approach, we

’ should’ve included them,’ let’s put

this behind us and move forward
as a country.” he said.





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PAGE 14, MONDAY, SEPTEMBER 1, 2008

INTERNATIONAL NEWS

THE TRIBUNE



FROM page one
expect us to do?” she asked.

Although her house has four
bedrooms, the Cable Beach resi-
dent said that she only uses her own

bedroom, the kitchen and the living
room area.

Electricity

“T am gone all day, from 8am to
5pm I am out of the house. There is
nothing on in my house during the
day, only when I get home at night
I turn on my air conditioning,” she

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said.

The Cable Beach resident said
that unlike civil servants and BEC
workers, she as an entrepreneur
has no fixed salary or guaranteed
pension.

“Every month is different, it
depends on the work that is out
there, and right now there is no
work,” she said, adding that in
order to pay her BEC bills she will
have to spend the money she was
saving for her private pension.

An eastern New Providence
homeowner said that her BEC bill
now equals her high mortgage pay-
ment, and is double what it was in
the same period last year.

“This BEC s**t has to stop!” she
said. “How do they expect people
to survive? The bills are constantly
increasing but salaries remain the
same. In fact because businesses
are getting it just as bad, people are
getting let go, so they’re in an even
worse position.”

The topic is also hot on internet
sites. On one popular Bahamian
chat forum people are asking why
their bills are going up while oil
prices globally fall and despite the
fact that they are cutting back on
their personal usage.

“My bill doubled and I basically
livin’ in the dark ages,” said a visitor
to the site. “Only fridge, TV, laptop
and fan been on. Don’t even notice
my air conditioning exists anymore.
And still my light bill doubled!”

Another exclaimed that he “can’t
make it like this”, with his bill going

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from $163 in the May-June period
to $278 for July to August although
he “cut down on using a lot of stuff
— puttin’ the TV and heater on
timers, less A.C. and more fan, no
outside light on the porch.”

In an interview with The Tribune
earlier this month, a spokesperson
for the popular downtown restau-
rant Skans Café said it is not only
private citizens who are suffering
from the high BEC prices, but also
successful businesses.

The spokesperson said that the
restaurant’s electricity bills have
increased by more than 100 per
cent in recent years — to $6,000 a
month — and that Skans may soon
be forced to lay off people in order
to pay BEC.

The restaurant is asking govern-
ment to grant downtown business-
es a temporary exemption from the
fuel surcharge.

The Tribune could not reach
Minister of State for Public Utilities
Phenton Neymour or BEC general
manager Kevin Basden for com-
ment yesterday.

Northwest
Bahamas
FROM page one

could strengthen to a category one
hurricane by the time it reaches the
northwest Bahamas and hit the
islands of Grand Bahama and Aba-
co with full force on Wednesday
night.

Although he predicted the storm
would pass north of New Provi-
dence, Bahamas Department of
Meteorology meteorologist Basil
Dean said the whole of the north-
west Bahamas, including New Prov-
idence could be hit by at category
one storm.

However, he believes it will not
move to the northwest islands until
‘Thursday.

Mr Dean said yesterday: “Right
now the central Bahamas is our
major concern; Cat Island, Exuma,
Long Island, San Salvador and
Ragged Island, and if it does hit
those islands by Tuesday, it will
affect all the islands east of New
Providence, including Eleuthera and
the Abacos as it turns northwards.

“Tf it does that, then we will put
watches for the northwest Bahamas,
including New Providence.

“Tt is not your typical hurricane

and because of the tricky nature of .

the atmosphere at the moment we
are going to have to play this day by
day.”

The Acuweather meteorologist
said the storm will be slow to inten-

“sify as the wind sheer. is blowing

thunderstorms away from the centre

' ofthe storm.

“Until the storm begins to
become more organised it is very
difficult to tell where it is going to
be,” he said. “Hopefully we will

have a clearer track on Monday or

Tuesday.”

Interim director of NEMA,
Commander Stephen Russell, par-
tially activated the National Emer-
gency Operations Centre calling
together a team of key personnel
on Saturday in preparation for
Tropical Storm Hanna.

“NEMA stands by to respond to
any form of disaster, natural or
man-made that might impact the
Bahamas,” he said.

: her clothes,”



FROM page one

he said.
Mr Rahming said the woman

: fought back, kicking the culprit
: down onto the ground and ran
: outside to neighbours, who alert-
: ed the police.

The culprit ran out the back

i door, taking her purse contain-
; ing an undetermined amount of
; cash and fled into nearby bushes.

Supt Rahming said uniformed

: and plainclothes officers arrived
: on the scene shortly afterwards
: and searched the surrounding
: neighbourhoods, however, the
? suspect had already disappeared.

The woman described the cul-

prit as about 5'6" tall, ofa light
: complexion and with a short hair-
? cut.

Police officers in the Central

i Detective Unit are investigating
: the matter.

According to reishBoure the

woman had noticed that her win-
: dow was broken, but did not
: think anything was wrong until
i: she was surprised by an intruder.

A neighbour, who wished to

: remain anonymous, told The Tri-
: bune that the woman was held
: at knife point and was ordered
: by the intruder to remove her
; clothing.

“She asked him if he had a

condom and he said no, so she
: told him that she had some. As
: he loosened his grip, she kicked

Attack on woman

him and escaped,” said the neigh-
bour, before she jumped a fence
and called neighbours for assis-
tance,

It is not known whether this
incident is related to previous
rape incidents that occurred in
Freeport in July.

Police investigations into the
rape cases have stalled and the
rapist remains on the loose.

The perpetrator has been
described as being about 5'9" to
5'10" tall, of slim build, wearing
dark clothing, and armed with a
handgun and/or a knife.

The initial attacks occurred
during the early morning hours
and the culprit had always
entered through a window.

There have been reports that
the rapist used a condom during
sexual intercourse and made his
victims shower afterward to
remove any forensic evidence
that may have been left behind.

Following these incidents, the
Police had asked residents to be
vigilant and to report any suspi-
cious persons lurking around
their neighbourhoods.

Police also advised residents to
ensure that their homes were
properly secured and their prop-
erty well lit before retiring to bed.
The police emergency numbers
are 919 or 911.

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Retired Nurse Louise Cooper Smith, 81

a resident of ._Leewood

East,

held

Yamacraw,will be
at St. George’s

Anglican Church,Montrose

Ave,

on Tuesday at

11:00a.m. Officiating — will

be Fr.
assisted by Fr.
Russell

Kingsley Knowles,
Kirkland

and Fr. Roland

Hamilton.

Interment follows in

Lakeview Memorial

Gardens, JFK Drive.Left to cherish her
memory are her 3 sons, Bradley, Ray and
Wadye smith; 1 daughter, Marsha Knowles;
2 daughters-in-law, Annamarie and Gail
Smith; 1 son-in-law, George Knowles; 10
grandchildren, Brianna, Jarrod, Raygail,
Ray, Reo, Romel, Regan Smith, Totcina,
Euphemia and Krystal Knowles; 10 great
grands; 9 siblings, Mrs. Geraldine Barr
and family, Atwood Cooper and family, Vitzel
Cooper and family, Mrs. Gloria Bethel and
family, Mrs. Emma Johnson and family, Mrs.
Patsy Lyles and family, Mr. Louis Cooper
and family, Mrs. Jean Knowles and family,
Mrs. Viola Wildgoose and family; 3 sisters-
in-law, Mrs. Deloris Cooper and family, Mrs.
Maria King and family and Mrs. Carolyn
Smith and family; 4 step daughters, Mrs.
Patricia Moxey and family, Mrs. Judy Smith
and family, Mrs. Mary Thompson and family
and Mrs. Theresa Smith and family and a
host of other relatives and friends especialy
Fr. Kingsley Knowles, St. George’s Parish
Church family and the Guilde of St. George's.

respects
at Demeritte’s Funeral Home,
Market Street, from 2:00 p.m.-
7:00 p.m.on Monday and atthe church and on
Tuesday from 10:00 a.m. until service time.

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Dispute over
g3am card assets.
closer to final
Settlement

Court-ordered freeze on
Leadenhall assets lifted

M@ By NEIL HARTNELL

Tribune Business Editor

A LONG-RUNNING dis- :
pute involving a Bahamian :
bank and trust company’s $33 :
million credit card portfolio :
is on the verge of being set- :
tled, Tribune Business under- :
stands, a development that :
several }
'. headaches plaguing the insti- }

could remove

tution’s liquidation.

Some sources familiar with :
the situation suggested that :
the dispute between Leaden- :
hall Bank & Trust and First :
Financial Caribbean Trust }

Company had been settled,

but the latest report on Lead- :
enhall’s liquidation stated only :
that the Mareva Injunction on :
the former Bahamian bank’s :

assets had been removed.

Craig Gomez, Leadenhall’s ,

liquidator, said in his seventh :
report to the Supreme Court :
that following an “out-of- :
court” meeting with First :
Financial and its representa- :
tives, the latter “consented to :
lift the injunction on the :

bank’s assets”.

A Supreme Court execut- :
ed on July 9, 2008, duly put :
that into effect, indicating that :
the dispute — which had infu- :
riated many-former Leaden- :
hall cardholders, who.were :
unable to get their deposits :
back -- is at least drawing toa }

close:

around a Deed‘of Retirement,

Appointment and Indemnity :
that Leadenhall executed on :
March 15, 2002, appointing :
First Financial as the new }
trustee for the MasterCard ;
security deposits it previously :

held.

Those deposits had been }
used as security against any :
unpaid debts run up by Lead- :
enhall’s former MasterCard
portfolio clients, the credit }
cards having been issued by:
another former Bahamas- }
based entity, Axxess Interna- :
tional, which had several }
directors and shareholders ;: |
common to Leadenhall. The :
prime mover behind the ;
Axxess operation, Christo- }
is also :
involved heavily with First }

pher Donnachie,

Financial.

The dispute broke out when }
Turks & Caicos-based First :
Financial alleged that Lead- :
enhall transferred only $14.25 :
million of the total $33 mil- °;
lion in cardholder deposits to }
it, forcing it to take out and }
obtain the injunction ‘to pre- |

SEE page 8B



The case had revolved



MONDAY,

@ By NEIL HARTNELL
Tribune Business Editor

. THE Bahamas is setting “a
very dan ve precedent for
the Caribbean” by persisting
with a compulsory licensing
regime that potentially allows
Cable Bahamas to retransmit
encrypted and pay-TV signals
without having to pay for them,
one industry association having
urged Washington to move to
“immediate bilateral engage-
ment” with the Government
over this.

Sean Spencer, president of
the Television Association of
Programmers (TAP) for the
Latin American region, an
umbrella body for more than
30 pay TV channels, said the
Bahamas had failed to properly
implement the amendments to
the 2004 Copyright Act that
narrowed the compulsory
licensing regime’s scope.

SEPTEMBER

a

TE cae a bisa NE

Bahamas setting ‘dangerous
precedent for the Caribbean’ Occ

* Pay-TV rights holders allege nation failed to ‘follow through’

on commitment to narrow compulsory TV licence

* Pressing Washington to engage Bahamas on issue ‘immediately’
* Government, Cable Bahamas concerned on access to
English-speaking programmes



As a result, Cable Bahamas
was still able to download,
decode and retransmit US and
pay-TV signals without having
to pay royalties fees to the sta-
tions, programmers and other
copyright holders, Mr Spencer
argued. There is no suggestion,
though, that Cable Bahamas
has done anything illegal.

“Tt continues to be a very
serious and big issue,” he told
Tribune Business. “Compulsory
licensing regimes are standard
operating practice for free over-
the-air broadcast stations and
negotiating rights for spillover

Bank ‘very cautious’

on new headquarters —

* Sill on target for March 2009 ground
break, but only if key tenants in place
* Top executive says credit rebound
likely in 2009 last quarter

@ By NEIL HARTNELL

Tribune Business Editor _

BANK of the Bahamas Inter-
national will “not. break
ground” on construction of its
new West Bay Street corporate
headquarters until key tenants
ate in place, its managing direc-
tor telling Tribune Business it
was “being very cautious” due
to the uncertain economic cli-
mate.

Paul McWeeney explained
that while Bank of the Bahamas
International was still on track
to break ground in March 2009
as planned, much would depend

on whether it-was successfully
‘able to lease the property out to

key tenants over the next seven
months.

The bank will. occupy one-

third of the office space at its
new: corporate headquarters,
which will be situated in
between the Nassau Palm
Resort and Dockendale House,
with the remaining two- thirds
leased to tenants...

But with Mr McWeeney
believing that commercial bank
lending and credit growth are

‘only likely to recover by late

2009, Bank of the Bahamas
International will “not rush in”
to construction of its new head-

i. quarters.
“It’s all systems go, but we’re |

determining the best course of

_ action because of the economic

climate,” Mr McWeeney told

Tribune Business.

“The plans have been
finalised and the final drawings

' were submitted to me a few

weeks ago. The plans are still
to break ground in March 2009,
and hopefully between now and
then we will wrap up all the
leases.

“We are still moving ahead
with the plans, but will not rush
into that before we’re ready to
do it. We’re talking to several
potential clients, but are not
ready to break ground unless
we have substantial tenants in
place.”

Mr McWeeney said that “by

_ the last quarter of next year, we

may see a sustained rebound” in
credit demand and lending, but
said the. short-term would be

soft as Bahamian commercial
banks tightened lending crite-
ria to ensure they did not “take
unnecessary risks at this time”.

SEE page 6B






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Airport project
seeking $25m







Aim to have
$200m first phase
finance in place
by October

@ By CARA
BRENNEN-BETHEL
Tribune Business

_ Reporter














signals from one country to
another.

“The big problem with the
Bahamas compulsory licensing
regime, specifically, is that it’s
the only one in the world that

AES: “Time for an
answer’ over LNG

* Proposed $65m wind farm venture

could supply 10% of New Providence

power needs within two years

@ By NEIL HARTNELL
Tribune Business Editor

permits pay-TV signals on it. It
allows Bahamian cable opera-
tors to take whatever they want,
without authorization and with-

SEE page 6B

THE Nassau Airport
Development Company
(NAD) is looking to raise at
least $25 million of the $200
million needed to finance
the first phase of Lynden
Pindling International Air-
port’s redevelopment from
the domestic Bahamian mar-
ket, and is aiming to have all
funding in place by October.

Airport Authority chair-
man Frank Watson told Tri-
bune Business that NAD
was looking to go to the cap-
ital markets and secure the
$200 million needed for the
first phase very soon.

He explained that of that
sum, NAD was looking to
secure at least $25 million in
the Bahamian market and
have all its funding in place
by October. This is when it
expects to begin initial work,
such as the realignment of
the sewerage and electrical















AES Corporation is looking for
the Government to make a deci-
sion on whether to approve its liq-






uefied natural gas (LNG) project systems, arid clearing
before year-end, its LNG manag- ground. |
Mr Watson said NAD was




ing director telling Tribune Busi-
ness: “It’s time for an answer.”
Aaron Samson said that while
the company had yet to hear from |
the Government and the Bahamas
Electricity Corporation (BEC) on
its proposal to supply the latter’s | ~

SEE page 7B...




hoping it can award the con-
struction contract for the
physical work by the first
. two weeks of 2009, with the
actual work starting soon
thereafter.

SEE page 8B..














‘AUG escutatsie 3 cake












www. micronet.bs

icronet

~ BUSINESS TECHNOL


PAGE 2B, MONDAY, SEPTEMBER 1, 2008

THE TRIBUNE





& By ROYALFIDELITY
CAPITAL MARKETS

IT WAS a moderate trad-
ing week in the Bahamian
stock market with investors

trading in six out of the 19 list- _ ter, an increase of $1.6 million. $210,000 or 5.8 per cent. SYMBOL cee CHANGE Ace ¥ED PRICE
ed companies. Of those trad- _ or 10 per cent, while total ben- Total expenses grew from MI $1.81 $ 49
ed, three. suffered price efits increased substantially by $4.7 million to $6.1 million, an : : 0 9.0 %
declines and three remained $2.5 million, or 26.3 per cent, increase of $1.3 million or BBL $ 0.89 $- 0 4.71 7
unchanged. to $12.1 million from $9.5 mil- 28.17 per cent, resulting from | BOB $8.50 $- 0 -11.55%
A total of 61,776 shares _ lion for the 2007 second quar- _ substantial increases in salaries BPF | $11.80 $- «0 0.00%
changed hands, a significant __ ter. and staff benefits, in addition | BSL | $14.60 $- 0 0.00%
increase of 28,293 shares, or In addition to the move- to higher general and admin- BWL $3.49 $- 0 -4.64%
84.5 per cent, in comparison ments in premiums and bene- — istrative expenses. | CAB © $ 14.11 $- 200 17.10%
to last week's trading volume fits, FAM experienced a Total assets of FBB climbed CBL $ 6.77 $-0.11 37,170 -19.69%
of 33,483 shares. decline of $829,000 in the to $267.7 million, an increase CHL | $2.88 $- 8,981 -8.57%
Commonwealth Bank unrealised depreciation of its of $44.1 million or 19.7 per CIB $ 11.55 - 0 -20.89%
(CBL) led the market's vol- investments, reporting a loss cent, while total liabilities of CWCB $4.60 $- 0 -8.73%
ume with 37,170 shares, falling of $377,000 compared to a $234.5 million rose by $43.7 | DHS © Ly. beet $- 0 17.02% .
by $0.11 or 1.6 per cent- and gain of $452,000 in the 2007 _ million or 22.88 per cent from FAM $8.06 $-0.04 1,000 11.94%
losing its gains from last . second quarter. — year-end 2007. FBB ae | $- 0 -10.57%
week's advance - to close at For the most recent quar- FCC | $0.44 $- 0 -42. 86%
$6.77. FOCOL Holdings . ter, basic earnings per ordi- Bahamas Supermarkets FCL $5.49 $-0.01 13.625 5.98%
(FCL) followed with 13,625 nary share declined by $0.21 . (BSL) released its audited FIN | 12.50 $- | 800 3 471%
of its shares trading, also: or 95.5 per cent to $0.01 from _year-end results for the period ICD $5 57 $- 0 23.17%
Z . . . : . ‘oO
decreasing by $0.01 to close $0.22 in the second quarter ending June 27, 2007. BSL JSJ $12.00 $. 0 9.09%
at $5.49. 2007. reported a net loss for the year PRE : 0, 00%

Colina Holdings (Bahamas)
(CHL)*came in third with a
volume of 8,981 shares,
remaining unchanged at $2.88.
FamGuard Corporation
(FAM) also declined this
week, with 1,000 shares, drop-
ping by $0.04 or 0.49 per cent,

|
. to end the week at $8.06. (FBB) released its un-audit- million or 13.2 percent. Oper- | INTERNATIONAL MARKETS
ed financial results for the ating and administrative
COMPANY NEWS: quarter ending June 30,2008. expenses increase to $33.4 mil- FOREX RATES

Earnings Releases:










FamGuard Corporation’ months of 2008, a rise of Total assets and liabilities CAD$ | 0.9404 -1.54
(FAM) released its unaudit- $2,300 or 0.43 per cent from — stood at $32.7 million: and GBP \ 1.8231 -1.54
ed financial results for the $538,800 for the same period $15.1 million respectively, EUR | A671 -0.74
quarter ending June 30, 2008. in 2007. compared to $34.9 million and
For the most recent quarter Total income climbed from $11.8 million at year-end 2006.
net income fell sharply by $5.3 million to $6.6 million,
$2.06 million, or 95.9 per cent, ‘increasing by $1.3 million or . ~
to $88,600, in comparison to 25.35 per cent in comparison DIVIDENDS/ COMMOD EES Weekl % Change

, AGM NOTES: | |. he oe
j | Crude Oil : 115.42 +0.62
Share your news | .c7°s52 "ves, fer “10

| from people who are
| making news in their
neighbourhoods. Perhaps
you are raising funds for a





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

Do more than make qa deal.....

Start a partnership ©

Wherever you are, FirstCaribbean is right there with you.

Having a relationship with FirstCaribbean Corporate Banking means having a one-on-one relationship
with one of our trusted financial experts. Our successful team takes pride in creating innovative
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With FirstCaribbean, you have access to leading-edge advice. We cover the Caribbean like no other

| The Tribune wants to hear



_RoyalFidelity Market Wrap

$2.2 million for the same pert:
od in 2007.

FAM reported net premi-
um revenue and deposits of
$17.5 million, versus $15.9 mil-
lion in the 2007 second quar-

Total assets. and liabilities
stood at $166.8 million and
$111.3 million respectively,
compared to $161.1 million
and $107.1 million at ne
2007.

Fidelity Bank (Bahamas)

FBB reported net income of

$541,000 for the first six-.

| pany











_ to the prior year. Non-interest

income of $2.8 million
increased by $1.1 million or
69.2 per cent comparatively,
while net interest income of
$3.9 million increased by

of $189,000 versus $8.1 mil-
lion at year-end 2006, a
decline of $8.2 million. | |
Net sales declined by
$924,700, or 0.66 per cent,
from $141 million to $140.2
million, with gross profit of
$32.9 million declining by $4.9

lion from $30 million for the ©

same period in 2006.

BDRs. (CWCB)
declared a quarterly dividend
of $0.013 per share, payable
on November 7, 2008, to all
shareholders of record date
September 30, 2008.

# good cause, campaigning Bahamas Supermarkets DJIA $1,543.96 _-0.72
| for improvements in the (BSL) announced that it will | S & P500 \ 1,282.83 -0.73
) area or have won an be holding its Annual Gener- NASDAQ i 2,367.52 -1.95
i award. -al Meeting on Tuesday, Sep- Nikkei 13,072.87 43.21

tember 16, 2008, at 6pm at the

British Colonial Hilton, 1,Bay
Street, Nassau,:Bahamas.2$i:).':







TRADING STATISTICS

Week ending 29.08.08






FINDEX 855.67
(-10.12%) YTD







BISX

























$10.00 $ tO




PRIVATE PLACEMENT OFFERINGS:

FOCOL Holdings (FCL) announced that it will be extending the deadline of its private
placement offering. The preferred shares will be paying a dividend rate of prime + 1.75 per
cent, payables st mi-annually.











% Change





































INTERNATIONAL STOCK MARKET INDEXES |
Weekly






% Change























{

bank, with our regional experience, that’s fortified with strong international linkages.

Let’s talk.

For further information, contact our a oe aes centre at: eee 322 - 8455

Q « FIRSTCARIBBEAN

INTERNATIONAL BANK

ay www .firstcaribbeanbank.com

FirstCaribbean international Bank is a Member of the CIBC Group. CORPORATE BANKING



-
THE TRIBUNE

MONDAY, SEPTEMBER 1, 2008, PAGE 3B



Full Clearing House
testing ‘in week or so’

“By NEIL HARTNELL
Tribune Business
Editor



FULL testing of the pro-
posed Automated Clearing
House (ACH) system,
involving all Bahamian
commercial banks, is due
to start “in a week or so”,
the head of the project
committee.telling Tribune
Business that it was “still
on target” to go live in
mid-October 2008,

Paul McWeeney, head of
the Clearing Banks Asso-
ciation’s (CBA) ACH
working group, said: “As
far as we’re concerned, all
the banks are working dili-
gently to make sure it
becomes a reality before
the end of the year.

“We’re progressing every
day on it. The October
deadline is achievable, and
we’re working hard to meet
that timeline. Right now,
we’re about to commence
overall testing with all the
banks.

“It’s due to start in a
week or so, and will
involve the éntire multi-
tude of transactions. It will
be tested in that environ-
ment between all the
banks.”

The ACH has the poten-
tial to benefit and impact
every Bahamian resident
and business, as it will
increase the efficiency,
integrity and certainty of
all financial payments and
transactions, potentially
lowering the costs involved
for all concerned.

Among the functions that
the ACH’s first phase will
bring in are automated
cheque clearing, plus direct
debits and direct credits.

The ACH is also intend- |
ed to replace the current_.



“As far as we’re
concerned,
all the banks
are working
diligently to
make sure it
becomes a .
reality before
the end of the
year. We’re
progressing
every day on it.”



Paul McWeeney

manual system for settling
cheque transactions, where
cheques drawn on one
bank but due to be deposit-
ed at another have to be
taken by armoured car to

a central location where -

they are settled by repre-
sentatives of the various
institutions.

It is designed to improve
the integrity of the [bank-
ing] system, with persons
able to know the full val-
ue of goods involved in a
transaction almost imme-
diately, and enhance cash

flow. throughout the
Bahamian economy and
society.

Mr McWeeney told Tri-
bune Business: “It’ll be
really good for the coun-
try. It creates the environ-
ment for other things to
take place, and involve-
ment of the private sector
to drive the changes that
are happening.”

_ Among the developments



that could ultimately flow
from the ACH is “full trun-
cation”, with the bank
office processing centres
currently operated by all
banks consolidated into
one.

This, Mr McWeeney said, .

would “streamline costs”
associated with the bank-
ing sector and allow. its
institutions to “focus on
the development of finan-
cial services products”, It
would also create spin-off
business opportunities for
entrepreneurs in the fields
of data storage and imag-
ing.

“We have the ability to
have a National Processing
and Archiving Centre
under this scheme. It
depends if the banks want
to do that,” Mr McWeeney
explained.

The ACH could lead to
the development of a rela-
tively cashless society,
meaning that businesses
will not hold so much cash

Excellent Location. Great Possibilities



“Western New Providence continues to grow,











Several attractive leases are available to suit many businesses. T
include Medical offices, Dental offices, general offices, a restaurant a
_ gym Facility with both a swimming pool and indoor courts.





space for oe

t Ay
|

Whether you’ re looking for a new business opportunity, to expand: ou
r move your business to the hottest side of New Providence, ;

|

For more information cal 302-4701



stable,increasing market, Our Western Medical Plaza i is we l plac -d for
to take advantage of these opportunities.



ma DOCTORS HOSPITAL

Health For ne



rather than manually at a

LIME TREES

FOR SALE
(BEARING)
$30.00 each

em Ee

THE GARDEN RESTAURANT

DOWDSWELL ST., BETWEEN CHRISTIE & ARMSTRONG STS.
SUNDAY - FRIDAY: 7AM- 4 PM

Tel. 356-0907
DINE IN/TAKE OUT
BREAKFAST FROM $1.50
LUNCH FROM $5.00.

Serving Native and Vegetarian Dishes
STREET PARKING NOW AVAILABLE

in the tills, a tempting tar-
get for armed robbers.
Apart from allowing
inter-bank cheques to be
processed electronically

cheque clearing facility, the
ACH system will allow
direct debits and credits
from accounts, debit cards
and a shared Automatic
Teller Machine (ATM)
network.

_ The latter would allow
Bahamians to use their
cash cards at any bank
branch: It would also
reduce the time persons
spent in line waiting to
cash and deposit pay
cheques, as they could be
deposited to their account.

Bahamian consumers
would also be able to use
direct debits from their
bank accounts to pay bills
such as cable television and
electricity.

The ACH may also help
develop SWITCH prod-
ucts, where Bahamians
could use their cash cards
at any bank's ATM
machine.

A further potential bonus
from the ACH will be the
opening up a whole range
of electronic banking ser-
vices in the Bahamas,
including its use in the _
online purchase of govern-
ment goods and services.

Ultimately, through mod-
ernising the Bahamian pay-
ments system through elec-
tronic means, the ACH will
provide buyers and sellers
with more certainty and
confidence, especially
when it comes to settling .
their transactions.

It will also enhance eco-
nomic and business effi-
ciency by settling transac-
tions quicker, boosting
business cash flows.

EMPLOYMENT OPPORTUNITY
SECURITIES COMMISSION OF THE BAHAMAS

The Securities Commission of The Bahamas (the Commission),

a statutory agency responsible for the oversight, supervision and |
regulation of the investment funds, securities and capital markets in or
from The Bahamas, as well as the supervision of Financial and Corporate
Service Providers, invites applications from apalies Bahamians for the
following position:

Senior Field Exami

Responsibilities:

* Conducting on-site inspections of entities licensed or registered by
the Commission

¢ Assisting in the enforcement process addressing deficiencies
identified in the inspection

Qualifications and Experience:

* Bachelor’s degree in Accounting or Finance

° 2-4 years experience in auditing or public accounting
¢ Knowledge of the securities industry a plus

¢ Supervisory experience

Competencies:
¢ Excellent oral and written communication skills
i ° Proficient in computer skills (Microsoft Office applications
particularly Word and Excel)

i Acompetitive salary and benefits are being offered. Interested persons ;
should submit applications in writing marked
“Private and Confidential” to:

MANAGER — CORPORATE AFFAIRS
SECURITIES COMMISSION OF THE BAHAMAS
P. O. BOX N-8347

NASSAU, BAHAMAS
Fax: 356-7530
E-Mail: info@scb.gov.bs
Applications should be received no later than September 5, 2008



































-

BSI OVERSEAS (BAHAMAS) LIMITED

BSI Overseas (Bahamas) Limited, Nassau, Bahamas, an et
international private bank, with its headquarters in Lugano, Switzerland,
presently accepting applications for

PRIVATE BANKING RELATIONSHIP MANAGER



Applicants for the position of PB Relationship:Manager must have a banking
or financial degree and 7-10 years experience in the offshore banking sector,
have knowledge of international investment, instruments & money market,
ability to partner with team members, must be confident regarding customer
relations, investments & portfolio management and have thorough knowledge
of local legislation, regulatory & statutory matters as well as international
banking practices. Fluency in Italian & French is required.

Personal qualities :-

Excellent organizational, ‘communication and coffpltét skills
Goal-oriented, self-motivated, positive attitude and outlook
Commitment to quality and service excellence
Able to work with minimal supervision
Strong Team attitude
Financial and analytical background
Flexibility in office hours and hands-on approach when. necessary
Must be able to work under pressure
Available to travel



Responsibilities :-

Service & advise customers

Maintain & follow up account relationships

Liaise directly with customers or their investment advisors

Monitor, analyze positions and evaluate reports

Foster and maintain communication with internal/external banking
professionals

Meet deadlines on timely basis

Meet target in terms of Profitability and Acquisition of Net New Money



Interested persons with such qualifications should submit their

resume/curriculum vitae to:-

Human Resources Manager

BSI Overseas (Bahamas) Limited
Goodman’s Bay Corporate Centre
P. O. Box N-7130

Nassau, Bahamas

Fax no. (242) 502 2303 or email: ruby.kerr@bsibank.com

(



ABSOLUTELY NO PHONE CALLS PLEASE)


PAGE 4B, MONDAY, SEPTEMBER 1, 2008

BUSINESS

THE TRIBUNE



La aboring longer a growing trend for Americans

m@ CHICAGO
Associated Press _

\MERICANS are changing
he game plan for retirement,
vith millions laboring right past
he traditional retirement age

nd working into their late 60s
nd- beyond.

While the average retirement
ge remains 63, that standard
1ay soon be going the way of
re gold watch — a trend expect-

ed to accelerate as baby
oomers close m on retirement
ithout sufficient savings.

For 64-year-old John Lee,
retirement'' bears a strong

een 3 tp

Sr

NAD

Nassau Airport

Development Company

The Nassau Airport Development Company Ltd. invites
proposals for providing Local Placement Agent and
Collateral Agent Services in connection with the offering
of senior and subordinated debt securities to Bahamian

investors.

Request for Proposal (RFP) packages may be collected
from the corporate office of Nassau Airport Development
Company in Terminal 4 at the Lynden Pindling
International Airport between the hours of 10:00am to
4:00pm commencing ‘September 1, 2008.



the Nature
Cc onservancy

preferred.

JESS SS

y director and staff.

acting neture, Biscerving Hite.

_ CONSERVATION PLANNER

Location: Nassau, Bahamas

ESSENTIAL FUNCTIONS:

Performs conservation and science project work, ‘acidine the development of
Management Plans and Ecoregional plans or site based work organized around critical
tureats, and ecological management strategies for the Bahamas Archipelago.
Provides technical support and. quality information to Ecoregional planning teams to

a best facilitate the design of Ecoregional portfolios of sites. Technical support includes
8 compiling, analyzing, and managing a variety of biotic and abiotic data sets including
iF bi-national information on the status and distribution of ecological communities and
imperiled plant and animal species.
|, ° Responsible for coordinating budgets, expense tracking, organizing and facilitating

il participatory workshops with a variety of internal and external stakeholders. Responsible
for developing and updating content for conservation planning Websites, contributing
materials to program reports, assisting with conservation modules on new employee
‘and existing staff training. Provides overall administrative and travel support to the

resemblance to his full-time
working career — full-of 40- and
50-hour weeks as an IT techni-
cal support specialist.

He's not strapped ‘but likes
the extra cash and the feeling
of being needed. :

But for Melissa Fodor, a
retired travel agent who works
part-time as a caregiver for the
elderly, the extra work ''keeps
my head above water'' and
there's no end in sight to that
financial] need at age 68.

Although the work is satisfy-
ing, she confides that ''finan-

cially I'm kind of scared most of:

the time. -





































REQUIRED KNOWLEDGE AND SKILLS:
° Bachelor’s degree in science-related field and 2-3 years related experience, graduate
degree and.0-1 year of experience, or equivalent combination. Prior field experience

Knowledge of natural systems and natural systems management techniques
Analyzing, manipulating, and interpreting data, including statistics

GIS experience, including ability to utilize data to create appropriate maps
Database management skills including report production
Completing tasks independently. with respect to timeline(s). .
Managing and prioritizing tasks from multiple sources
Wor king knowledge of common software applications (e.g.; Word, Excel, Web browsers).
° Communicating clearly via written, spoken, and graphical means in English

COMPI EXITY/PROBLEM SOLVING:

Coordinates multiple projects with several variables, setting realistic deadlines and

mane wing timeframes

i Interprets guidelines, evaluates fafornation, and modifies processes to adapt to changing

circumstancés

ompiles data, resolves disparities, and modifies processes to generate plans
.esolves routine issues independently, consulting with SUPSEVISOT, to develop plans for
a re solution of complex and unusual problems

” ORKING CONDITIONS/PHYSICAL EFFORT:

-Capacity to handlé complex tasks under pressure and under stringent time constraints.
¢ Ability to work in variable weather conditions, remote locations and often in physically
demanding circumstances. Valid driver’s license and a safe driving record.
e Work requires occasional physical exertion and/or muscular strain. Work involves
several disagreeable elements and/or exposure to job hazard’s where there is some

possibility of injury.

° Ability to travel approximately 25% of the time

ONLY ONLINE APPLICATIONS WILL BE REVIEWED.

Apply online at www.nature.org/careers

Applications are Due September 5, 2008

, The Nature Conservancy is an Equal
AD Oppce rtunity Employer

“Because what should hap-
pen if my health and my body
fail?"

M@ Growing evidence docu-
ments that people are working
longer as they live longer.

Twenty-nine percent of peo-

_ple in their late 60s were work-

ing in 2006, up from 18 percent
in 1985, according to the
Bureau of Labor Statistics.
Nearly 6 million workers last
year were 65 or over.

Over the next decade, the
number of 55-and-up workers
is expected to rise at more than
five times the rate of the overall
work force, the BLS reported.

A slowing economy and stock
market, squeezing funds set
aside for retirement, also are
contributing. ,

In an April survey conducted
for AARP, 27 percent of work-
ers age 45 and over, and 32 per-
cent of those 55-64 said they
had pushed back their planned
retirement date because of the
economic downturn. The tele-
phone poll by Woelfel Research
interviewed 1,002 respondents
and carried a sampling error
margin of plus or minus 3.1 per-
centage points.

“'We have people who are .
* healthier, who are living longer

and have more economic rea-
sons to stay in the work force,"

said David Certner, AARP's'

legislative policy director. ''On
the employer side, you have
greater demand for experienced

(older) workers. That all adds

up to longer work lives.''

M Lee never envisioned
putting in long work weeks in
his mid-60s.

The Marietta, Ga., resident
battled frequent work stress
before taking early retirement
from Coca-Cola Co. at 55. He
lay wide awake for many rest-
less nights thinking about the
job, and believes all the strain

‘caused health problems in the

form of fibromyalgia and chron-
ic back pain.
‘But when his. old employer

called offering contract work at ,

his specialty, mainframe sys-
téms, he gladly accepted. Tennis
and golf hadn't worked out as
retirement hobbies, and he
decided he could use the money
for occasional trips overseas
and to help out his children and
grandchildren.

"Going back to work wasn't

. .the plan,'' he said. ''But after I
‘retired; before they called me, I












really didn't have anything to
do. So when they called, I
jumped on it."

Lee, who makes more than
$50,000 from the contract work,
isn't the only one in his house
working after retirement. His
wife Joyce, 60, also took early
retirement but went right back
to work as a real estate agent.

They say the extra household
income supplements their com-
bined $3,000 a month in com-
pany pension payments and
adds to $1.3 million in assets to
assure their retirement will be
financially comfortable — if and
when it happens.

"Tf there's some project to be
done next year, when they call
I'll just go do it,'' he chuckled.

MH Working longer is gener-
ally the best option for those

‘who come up short on retire-

ment savings. And with many
people's investment portfolios
and 401(k)s down significantly
in recent months, it has become
a compelling alternative for
many retirees or near-retirees
to having to live on less.

“It's always been a good idea,
but right now it can be an espe-
cially good idea,'" said Chris-
tine Fahlund, a senior financial
planner with T. Rowe Price.
"You really don't want to be
pulling more money out of a
portfolio that's already down."'

-In a recent report, the invest-
ment management group said
continuing to work full time
past one's anticipated retire-
ment date could increase annu-
al retirement income by. about 7
percent for each additional year
of work.

' Working another three years
— from 62 to 65, for example —

- and continuing to save 15 per-

cent of salary could raise annu-
al income from investments by
22 percent. Make it five years
and boost savings contributions
still higher — even better.

Putting off retirement also
may enable people to delay
when they start taking Social
Security benefits, which can sig-
nificantly increase payments.

"The longer the delay, the
better''. financially, said
Fahlund. ''To me the ideal
would be 70, because you get
the biggest Social Security ben-
efit possible and all those addi-
tional years of employment.
And it keeps you going mental-
ly and physically too."

If toiling extra years doesn't |

sound very palatable, a wanna-





be retiree may wish to consider
spending some of the addition-
al work earnings on hobbies,
travel, education or other retire-

.ment dreams to make it seem

more worthwhile.

"Delaying retirement retire-
ment does not necessarily mean
delaying gratification,'' Fahlund
said.

Such a strategy, she said,
could still increase retirement
income from investments by 4
percent per year, or 12 percent
after three years, since the
retiree would not have to tap
existing savings.

B Fodor says that ''to work is
to have dignity.'' But she has
little choice but to keep labor-
ing because otherwise she
couldn't pay her bills.

The Morrison, Colo., woman
ended her more than three-
decade career as a travel agent
when work dried up following
the 9/11 attacks, but hasn't
stopped working through her
60s. First she sold paint at a
home improvement store for
seven years. Now she puts in 17
hours a week as a certified nurs-
ing assistant and another 10 to
15 hours walking dogs and pet
sitting.

Divorced and with no chil-
dren, she says she will have to
work ''forever'' to make up for

FERREIRA & COMPANY

Environmental Consultants
Attorneys-At-Law

a lack of savings since Social
Security doesn't go far enough
to make ends meet.

Caring for seniors, a job she
loves, pays just $9 an hour and
dog walking pays less. Squeezed
by rising prices and still $20,000
in debt on her condo, she
stopped buying meat, beer and
pricier vegetables and cheeses
this year and is making other
cutbacks.

"I feel blessed with the good
health that I have. But I'm a lit-
tle bit bitter because I don't
think I should be scared finan-
cially at 68,'' she said, adding
that she blames only herself for
not saving more.

What disturbs her more than
her situation, though, is that of
all the men in their 60s, 70s and
even 80s she: worked with at
Lowe's.

After losing their jobs as
engineers and scientists, they
now stock shelves just to sur-
vive. But they hide when fellow
retirees come in, she said,
because they don't want people
they knew from their country
clubs and higher-income jobs to
see them.

When people work out of
desperation and not choice, in
other words, it carries little dig-
nity.

"That's just not right,'' she

. said. ''That hurts me to see that.

Some of these people are sup-
porting their grandchildren."

Employment Opportunity











Ferreira & Company is seeking the services of an
Attorney. Experience or‘interest in Environmental
Management would be an asset but is not essential.

Salary commensurate with experience.
Applications will be held in strict confidence.

-All applications should be received no later than

September 15th, 2008.

Apply via email to:
romi.ferreiraandco@coralwave.com






Public Utilities Commission

PUBLIC NOTICE

: PUBLIC CONSULTATION
BAHAMAS NATIONAL
‘NUMBERING PLAN

'

licensees,

document on. the

Numbering. Plan

The goals of this consultation are to:

The Public Utilities Commission (PUC) hereby invites comments from
other stakeholders and the general public on its consultation
National

for The Bahamas.

inform licensees, other stakeholders and the general public of the PUC’s
intention to develop a National Numbering Plan to administer and

manage numbering resources. for current and future needs;

comments from: licensees, other stakeholders and the general

invite
public.

and

Section 6(4) of the Telecommunications Act, 1999 requires the PUC to act in
a timely, transparent, objective and non-discriminatory manner and consistent

with the objectives of the Act.

While section 6(5) of the Act requires the

Commission to publish its proposals on any general instruction intended to be
issued under any part of the Act and allow a reasonable period of consultation.

Copies of this document can be obtained from the PUC’s office located at

4" Terrace East, Collins Avenue .

by September

Executive Director

Written comments should be submitted
26, 2008 via post, hand delivery, facsimile or e-mail to:

Public Utilities Commission

P.O. Box N-4860
Fourth Terrace East

Collins Avenue

Nassau, Bahamas
Fax: 242 323-7288

Email: info@pucbahamas.gov.bs.


3 THE TRIBUNE | MUNDAY, SEP | EIIBEH 1, 2UU8, PAGE ob



FOR SALE OR RENT
EASTERN ROAD

3 or 4 Bed
Ocean Villa with Pool and Rainwater Tank



For more information, please call
322-4187 or e-mail: hw @realestateint.com



Photo by Tim Aylen for DP&A



- Clearing House team visit with Central Bank governor

8 With the Automated Clearing day clearance of Bahamian dollar The new process is slated to go Ces
|’ House’s (ACH) introduction slat- . cheques and debits, modernising _into effect before the end of next 4 bed, 3 1 i Z bath, S spit le ve I hous é.
ed for October 2008, representa- banking in the Bahamas. month. located on lots 4 & 5, block 5.

__ tives of Bahamas-based retail and
‘| corporate banks, and the
Bahamas Automated Clearing LEGAL NOTICE
House (BACSH), paid a courtesy

WenyGue etsy Ye NOTICE

Pictured seated front row, L to /
R: Luis Carlos Ochoa, country
business head for Citibank and W = L f= | Mi IT = D
chairman of the Clearing Banks
Association; Wendy Craigg, gov-

ernor, the Central Bank; and Paul | Pyrsuant to the provisions of Section 137 (8) of the
McWeeney, managing director,

, Bank of The Bahamas and Chair- _ | International Business Companies Act, 2000, NOTICE is
¢ man, BACH. i imi i

Stunding, to'R: Derek Rolle: hereby given that Wele Limited, has been dissolved and
deputy manager, banking depart- | has been struck off the Register with effect from 11" day of
ment, Central Bank; Cecile Sher- August 2008
man, manager, banking depart- ,
ment, Central Bank; Marie Coop-
er, assistant manager, BACH;
Brian Smith, business manager,

e



Ep EORTC

inn om



BACH; Diane Phillips, President, Mr. Gian Fadri Pindsch and Mrs. Jane Major

* DP&A Public Relations, and

{Barry BNinicitest senior deputy L| Q IDATORS ; 5;

t pce eRe department, c/o Banque Privée Edmond de Rothschild Ltd Interested persons should submit offers in writing addressed to:

be A CH Hatha eevee eae . 51 Frederick Street The Manager, Credit Risk Management, P.O. Box N-7518, Nassau, Bahamas
i ing banks, allowing confidential P.O. Box N-1136 : to reach us before September 19, 2098.

i ered selene or arama Nassau, Bahamas. For further information, please contact: 356-1608 or 502-0929

; BAHAMAS ELECTRICITY CORPORATION

c VACANCY NOTICE

o Le Practitioners (ahamas)

The Society of Trust and Estate Practitioners

STEP ;

in partnership with

INTERNAL AUDITOR
INTERNAL AUDIT DEPARTMENT

Vacancies exist in the Corporation for Internal Auditor in the Internal Audit Department,
Responsibilities of the position include, but are not limited to, the following:

Produces audit programs and submit the same for approval of the Chief Internal
Auditor

Conducts complete risk assessment for areas being audited
Conducts financial, operational and ITS audit assignments in accordance with
established audit programs. This involves a complete assessment of the systems of
internal control, risk exposures and the efficiency, effectiveness and economic use
of resources to achieve management objectives
Produces audit reports on audit concerns, their causes, effects and the audit
recommendations in accordance with the I[A Standards
Conducts some audit investigations, evaluate findings and produce investigation
reports: exercising the [A’s ethical standards e.g., confidentiality, etc.
Conducts reviews of budgetary systems (including variances analysis), policies,
manpower efficiency and new computer applications
Produces audit reports and submit the same to the Chief Internal Auditor for review
and release to management and the Audit Committee

Assembles audit files and conducts cursory reviews of audit files produced by the
Assistant Internal Auditors and the Audit Clerks
Trains, coaches and direct the activities of the Audit Clerks, and offers general
supervision and technical support to the Assistant Internal Auditor(s)
Conducts corporate research, and investigations on vendors and, conducts fraud
investigations. (producing the associated reports)
Assist the AGM/Chief Internal Auditor in the annual audit planning exercise and
offer direct assistance on major investigations
Conduct audits in conjunction with the External Auditors and produce working
papers for the External Auditors year-end audit
Conducts stock taking observation exercises, Family Island audits and special
assignments

Global Asset Management
GAM

2S a RRS ORS TREE RE RE TERI INY GS TA EASA T SE RET ERIN 7

Ee

Invite applications for a scholarship towards the completion of the
STEP Foundation Level Course

ewe eet are

Applicants should meet the following criteria-

v Bahamian citizen
v Currently employed within the Trust industry or wish to become
employed within the Trust industry

ERE RSA TEARS

Application forms should be obtained from STEP Bahamas at its administrative office
below, and submitted together with the following :

SAGA AER iGO ECCT CETTE G

Proof of Bahamian Citizenship (certified copy passport)
Current resume detailing employment history and career
aspirations

Details of any other funding sources

Job Requirements include:

pea

Bachelor degree in Accounting or other closely related discipline

Professional accounting certification (e.g... CA, CPA,), in addition completing the
CIA would be highly desirable

Understand and apply Internal Audit Standards and International Accounting
Standards

Good investigative, interviewing and analytical skills

Good problem solving skills

Knowledge of Microsoft Word & Excel computer programs. Also knowledge of
audit software and a good working knowledge of the H.T.E system are required
Good knowledge of the Corporation’s operating policies, systems and procedures
Management and supervision skills

A minimum of 5 years experience

te

Completed applications should be submitted/delivered to —

STEP Bahamas

Goodmans Bay Corporate Centre, First Floor
P. O. Box N-1764

Nassau, Bahamas

Tel: 323-6612

Interested persons should apply by completing and returning an Application Form to: The
Manager — Human Resources & Training Department, Bahamas Electricity
Corporation, Blue Hill & Tucker, P. O. Box N-7509 Nassau Bahamas on or before:

Monday, September 15, 2008.

Att onan ES

Deadline for applications is SEPTEMBER 10" 2008



/i
PAGE 6B, MONDAY, SEPTEMBER 1, 2008

THE TRIBUNE



Bahamas setting ‘dangerous |
precedent for the Caribbean’

seHdES COD

OF Te HABA

EMPLOYMENT OPPORTUNITY
SECURITIES COMMISSION OF THE BAHAMAS

The Securities Commission of The Bahamas (the Commission),
a statutory agency responsible for the oversight, supervision and
regulation of the investment funds, securities and capital markets in or
from The Bahamas, as well as the supervision of Financial and Corporate
Service Providers, invites applications from qualified Bahamians for the
following position:

Field Examiner

Responsibilities:

* Conducting on-site inspections of entities licensed or registered by
the Commission

¢ Assisting in the enforcement process addressing deficiencies

, Identified in the inspection

Qualifications and Experience:

* Bachelor’s degree in Accounting or Finance

¢ ] - 2 years experience in auditing or public accounting
* Knowledge of the securities industry a plus

Competencies:

¢ Excellent oral and written communication skills

* Proficient in computer skills (Microsoft Office applications,
particularly Word and Excel)

A competitive salary and benefits are being offered. Interested persons
should submit applications in writing marked
“Private and Confidential” to:

MANAGER — CORPORATE AFFAIRS
SECURITIES COMMISSION OF THE BAHAMAS
P. O. BOX N-8347
NASSAU, BAHAMAS
Fax: 356-7530
E-Mail: info@scb.gov. bs
Applications should be received no later than September 5, 2008









NOTICE
Austia Moxey, Registered Dental Hygienist,

would like to inform the public that she has RE-LOCATED with

STAR DENTAL CLINIC to a NEW LOCATION.

Our office is situated immediately West of Finco Bank

Opposite City Market Food Store, Rosetta Street.
ts providers, Dr. Anthony Davis and Dr. Cleveland Eneas Jr. can be
reached at (242) 393-7333, 356-5267, 356-2726, 356-2867

Fax (242) 328-7360 or
a Ss Box >: 6046, Nassau, Bahamas



" Walkei “INS Weic Fadl iH

FROM page one

out having to pay for it.

“In a.nutshell, it sets a very
dangerous precedent issue for
the rest of the region. Our
concern is that it sets a very
negative precedent, and now
other English-speaking coun-
tries throughout the region are
looking at similar [laws and
licensing regimes]. It’s all
based on the laws the
Bahamas has been able to
implement.”

Mr Spencer implied that the
‘bigger picture’ issue for his
organisation and its 30-plus
members, who include CNN,
Fox Sports, ESPN, MTV and
Discovery Channel, was that
if the Bahamas was able to
‘get away with it’, other
Caribbean states would look

' to follow suit.

Apart from making a major
dent in world copyright and
intellectual property rights law










Career Opportunity

A vibrant entity invites application from suitable qualified individuals for the
position of AGRICULTURAL MARKETING COORDINATOR

The successful candidate would be an individual with strong marketing skills
and a good working knowledge of agriculture management techniques and a
strong commitment to promoting the advancement of this sector.

DUTIES AND RESPONSIBILITIES:

e

agricultural marketing system.

¢ Responsible for the analysis and evaluation of the integrated

Development of an agricultural information system and

capacity building.

Provision of support of agricultural marketing projects

and programmes _ including

formulation,

start-up,

implementation monitoring and evaluation in collaboration

with the marketing team.

Provide ongoing monitoring of the marketing programme
to anticipate and troubleshoot problems and _ issues,
track milestones and concrete progress on activities and

recommend appropriate action. °

Provide quality assurance and review of the programme. _
Provide feedback and guidance to senior management with

respect to the programme development.

Provide BUPPOre in marketing development workshops and

events.

REQUIRED SKILLS AND ABILITIES:

BA Degree- Marketing
Minimum 7 years experience

Working knowledge of agricultural products
Working knowledge of the procedures for determining local

market conditions

Strong written and verbal communications skills

Excellent computer skills

Interested persons should submit a resume, police certificate,
testimonials, photograph and covering letter outlining

background and achievements to:
c/o DA 04733
P.O. Box N3207

Nassau, Bahamas

The closing date for applications is September 22, 2008



aperacecanatineanacanarcnesenace ase eseeesnacasenecoassacasneeaceaty





enforcement, it was an issue
that could potentially cost his
members millions in copyright

‘royalties fees.

Mr Spencer indicated that a
major stumbling block to
resolving the situation was
Cable Bahamas’ insistence
that it negotiate commercial
agreements with the rights
holders for domestic US pay-
TV and cable signals.

He pointed out that the
Bahamas, because it was not
part of the US, was considered
part of the Latin American
region when it came to nego-
tiating broadcast and copy-
right agreements. Therefore,
Mr Spencer argued that Cable
Bahamas should be negotiat-
ing with his members, who
held the Latin American dis-
tribution rights for these sig-

nals, rather than their US °

counterparts.

“For example, HBO domes-
tically in the US does not have
the rights to sell its signal to
the Bahamas. [Cable
Bahamas] has to buy it from
HBO Latin America,” Mr
Spencer told Tribune Busi-
ness.

“The Bahamas, as a territo-
ry for distribution purposes, is
considered part of Latin
America. I understand there
are language issues and our
members are addressing that.”

A major concern for both
Cable Bahamas and the Gov-
ernment has been whether
they would be able to access
English-speaking programmes,
given that the Latin American
works’ audience is. predomi-

nantly Spanish-speaking.
Anthony Butler, Cable
Bahamas’ president, did not
return Tribune Business’s call
and message on Friday seek-
ing comment, bur Mr Spencer

- said his organisation, and mem-

bers had a good working rela-
tionship with the BISX-listed
company’s largest shareholder,
Columbus Communications,
having negotiated with it in
the other Caribbean territo-
ries where it has a presence.
“What’ Cable Bahamas
wants is US domestic signals,”
Mr Spencer said. “They’ve
gone to Showtime, HBO want-
ing to buy the domestic sig-
nals. They cannot transmit, sell
outside the US. That’s not the

answer Cable Bahamas wants

to hear.
“It’s about complicated

rights issues, not a case of

business relationships. All the
programming on HBO and the
other networks is available
through Latin America. But
would you rather get it for free
or have to pay for it?”

Mr Spencer also accused the
Government of not imple-

' menting the 2004 Copyright

Act amendment that narrowed
the compulsory licensing
regime’s scope.

He argued: “The fact is that
the Bahamas did not follow
through with the commitment
they made during long talks
with the US Trade Represen-
tative’s Office in 2004 con-
cerning a roll-back of the com-
pulsory licensing for paid-TV.

“When-the Act was passed,
the US government pulled

Legal Notice

OE LOD,

INTERNATIONAL BUSINESS COMPANIES ACT
(No.45 of ae

DIAMOND PACIFIC HOLDINGS CORP.

In Voluntary liquidation

Notice is hereby given that in accordance with Section 137 (4) of the
International Business Companies Act (No. 45 of 2000), DIAMOND
PACIFIC HOLDINGS CORP. has been dissolved and struck off
the Register according to the Certificate of Dissolution issued by the
Registrar General on the 27th day of August, 2008.

Epsilon Management Ltd.
Suite 13, First Floor
Oliaji Trade Centre,

Francis Rachel Street,
‘Victoria, Mahe
Republic of Seychelles
Liquidator

STAFF
ACCOUNTANT
NEEDED

An International Administrative Company is seeking

an experienced Accountant.

The successful applicant will be required to prepare

balance _ sheets,

analyze accounts,

organize

documents and communicate with suppliers and

others.

He/she must possess strong analytical, organizational

and accounting skills.

Requirements

* Bachelor Degree in Accounting or Business

Administration

- Two (2) to five (5) years accounting experience
* Disciplined with the ability to work with a team or

individually

* Good written and verbal communication skills

* Be computer literate with proficiency in the use of
the internet and various Microsoft applications;
such as Excel, word and Quickbooks

Duties:

* Accurately input accounting data into the computer

* Reconcile Accounts

* Prepare monthly financial reports

Please fax resume and salary requirements by
September 1st, 2008 to 242-356-3470 or email to
uniglobaldevelopers@ gmail.com



back on its threat level and
everyone thought things were
OK. But the Bahamas never
implemented the modifica-
tions to the Copyright Act,
and the compulsory licensing
regime still stands.”

Mr Spencer said there had
been no change since his Feb-
ruary 11, 2008, letter to the
US Trade Representative on
the “disturbing” pay-TV
licence situation in the
Bahamas.

At the time, he wrote:
“While we do not request [the
Bahamas] placement on any
Special 301 list at this time, we
do request that bilateral gov-
ernment attention and engage-
ment be directed to addressing
this untenable situation.”

Mr Spencer said the Gov-
ernment had not properly
implemented the Copyright
Act 2004 amendments that
would have limited the com-
pulsory licensing regime to
free, over-the-air broadcasts,
and prevented retransmission
of encrypted signals or retrans-
mission via the Internet.

He alleged, though, that in
2007 the Bahamas went.back
to the old compulsory licens-
ing regime due to concerns
over access to English-speak-
‘Ing programming. The old
regime, Mr Spencer com-
plained, breached “existing
bilateral commitments as well
as international copyright
obligations”.

Cable Bahamas has been
working hard behind the
scenes, via the US Embassy in
Nassau, and with the aid and
support of the Registrar Gen-

_ eral’s Department and the

Bahamian Embassy in Wash-
ington, to address the situa-
tion.

The Bahamas has also
accused the US Trade Repre-
sentdtive’s Office, in private,
‘of failing’to livé'up to the

“terms ofa 2000 ‘agreement

between the two countries. In
return for the Bahamas deal-
ing with its compulsory licens-
ing regime, the US govern-
ment.was to encourage the

‘rights holders to enter into

good faith negotiations with
Cable Bahamas for a com-
mercial arrangement that
would allow for the provision
of English-speaking pro-
grammes, with royalties and
licence fees paid to the net-
works.

Many US signals can also be
picked up in the Caribbean,
but the crux of the matter is
that many networks see the
Bahamas — and the English-
speaking Caribbean — as too
small a market.

The signal rights holders are
unable to broadcast outside
the US, and are reluctant to
negotiate with Cable Bahamas
because the royalty revenues
gained would be exceeded by
legal fees and costs associat-
ed with changing their area of
coverage.

Still, Cable Bahamas has
been able to negotiate com-
mercial deals with the likes of
MTV and NBA League Pass,
working through the
Caribbean Cable and Televi-
sion Association.

Bank ‘very
Calitious’

on new
headquarters

FROM page one

Similarly, many consumers did
not want to risk the exposure
of greater debts.

“JT think the general trend is a
very soft one at this point in
time, and everyone — compa-
nies and individuals — are taking
a more cautious approach to
growth,” the Bank of the
Bahamas International manag-
ing director said.

The “challenge” for the
Bahamian commercial banking
industry was to ensure that loan
delinquencies, or non-accrual
loans, representing loans that
were between 30-89 days over-
due, did not move beyond that
into the non-performing loans
category.

All commercial banks were
currently having “these issues
with respect to delinquencies,
but I think it’s at a level we can
manage”, Mr McWeeney said.

re

eee

woe ew



’

DOLE OER
THE TRIBUNE

MONDAY, SEPTEMBER 1, 2008, PAGE 7B



BUSINESS



AES: ‘Time for an answer’ over LNG



FROM page one

Blue Hills power plant, and
save it between $1.4-$4 billion
in fuel costs over a 15-year
period, he attributed that to
being more a function of the
summer holidays with key
decision-makers away.

However, it had “been over
seven years” since AES first
applied for government
approval to establish an LNG
regasification terminal on
Ocean Cay, a man-made
island near Bimini, and con-
struct a pipeline to take it to
Florida to drive that state’s
power generation system.

If the project was to be
approved, Mr Samson said
AES needed to “get on with
it”, given that Suez wanted to
establish a rival LNG opera-
tion supplying Florida’s power
grid via use of an offshore
buoy delivery system.

While indicating the Flori-
da preferred the AES project,
given the larger and ready-
made storage system it would
enjoy on Ocean Cay, Mr Sam-

RBC
Ss FINCO.
me.

son implied that it could

become a race against time
and the Suez competition.
Florida had to make.a deci-
sion about servicing its own
energy needs, he explained,
and would not go with a pro-
ject unable.to obtain all the
required
approvals.
“The key here is that it’s not
likely that anyone will set up
an LNG plant just to supply
BEC,” Ms Samson told Tri-
bune Business. “Using the
Florida economics to get the
same for your country is a
pretty big deal. Hopefully,

we'll. get some momentum in _

September and get it going.”
When asked whether the
‘window of opportunity’ for
the Bahamas to access the
potential economic benefits of
LNG was closing, and if AES
wanted the Government to

‘make a decision one way or

the other by year-end, Mr
Samson replied: “I think the

end of the year is going to be a

little late.
“It’s getting hard to under-
stand, the lack of being able

governmental

to make a decision.”

Mr Samson said the propos-
al to also use Ocean Cay to
supply BEC’s Blue Hills pow-

er plant with LNG had been ©

warmly greeted by many in the
business community, all of
whom had been hot by soaring
energy costs and were looking
for electricity prices to make
sense. ,

AES had met with the
Bahamas Chamber of Com-
merce, Bahamas Hotel Asso-
ciation (BHA), and Bahamian
engineers and architects on the
plan.

The BHA last week
released an August 1, 2008,
letter it had sent to Prime Min-
ister Hubert Ingraham back-
ing the project, arguing that
based on the AES presenta-
tion it appeared that supply-
ing LNG to BEC could cut
fuel surcharge costs by as
much as 15-30 per cent.

Mr Samson had earlier this
year told Tribune Business
that if BEC switched its Blue
Hills combustion turbines
from diesel fuel to LNG, the
latter being supplied by AES,

FINANCE CORPORATION OF BAHAMAS LIMITED

Chairman's review of the unaudited results
For the nine months ended July 31, 2008

We wish to report that net income for the nine months ended July 31, 2008 was $11,573,968 which
represents a decrease of $3.1 million or 20.88% compared to the corresponding periad last year. The
Bank's return on equity was 16.77% compared to 22.73% for the same periad last year and carnings

per share totaled 0.43¢ compared to .0.55¢ for the same period last year.

The Bank. continued to experienced good mortgage growth of 11% during the period, However, the
weakened economy contributed to the rise in non-accrual loans which resulted in an increase to the
Bank’s loan loss provision in the second quarter. This increase in Provision is consistent with the
Bank’s policy and has negatively affected net income.

The increase in non-accrual loans is manageable and the Bank’s risk profile continues to remain
within its risk, appetite. "The ‘Bank’s capital ratios remain strong, in excess of the regulatory’
_ fequirement and.are ranked among the highest in the industry.

F ‘Xn it interim dividend of 0.13¢ per share was declared for the quarter ended July 31; 2008 and will be:
paid on 16" September. 2008, to all shareholders of record as of 9" September 2008. The dividend
Bement of 0.13¢ is consistent with the payment for the same period Jast hone



FINANCE CORPORATION OF BAHAMAS LIMITED
CONSOLIDATED BALANCE SHEET (Unaudited) .

As of July 31, 2008 and October 31, 2007

(Expressed in Bahamian dollars)



Managing Director

ASSETS July 31, 2008 - October 31, 2007
Cash $ 23,186,653 $ 17,337,902
Statutory reserve account with eis
The Central Bank of The Bahamas 30,716,012 28,315,862

Investments . _, 45,593,467 46,388,244
Loans - Net . 671,022,670 616,230,842
Fixed assets - Net 2,497,524 2,824,516

- Other assets 968,808 904,821
TOTAL $ 773,985,134 $ 712,002,187
LIABILITIES AND SHAREHOLDERS' BQUITY
LIABILITIES
Deposits $ 649,266,434 $ «=~ «592,399,955
Dividends payable _ ! 24,300,000 19,200,000
Deferred fees 6,882,605 6,722,764
Other liabilities 1,509,716 5 1,493,723

Total liabilities $ 681,958,755 $ 619,816,442
SHAREHOLDERS' EQUITY
Share capital — 5,333,334 5,333,334 *
Share premium 2,552,258 2,552,258
General reserve - 500,000 500,000
Retained earnings 83,640,787 83,800,153.
Total shareholders' equity (92,026,379 92,185,745 |

TOTAL $ 773,985,134 Ng 742,002,187

FINANCE CORPORATION OF BAHAMAS LIMITED
CONSOLIDATED STATEMENT OF INCOME (Unaudited)
Nine Month Period Ended July 31, 2008

(Expressed in Bahamian dollars)

(Restated)
Nine Months Nine Months
Ended Ended
July 31, 2008 July 31, 2007
INCOME
Net interest income $ 21,224,911 $ 20,868,215
Provision for credit losses net (3,175,318) (271,189)
Net interest income after provision for credit losses 18,049,593 20,597,026
Fees and commissions “2,523,652 2,265,143
Total income 20,573,245 22,862,169

NON-INTEREST EXPENSES
Total non-interest expenses

NET INCOME
EARNINGS PER SHARE $

8,999,277

$ 11,573,968
0.43 $

22 8293,750

$_14,678,419
0.55

it could save between $80-$210
million per year in fuel costs
from 2012 onwards. A 120-
mile pipeline between Ocean
Cay and Clifton Point would
bring the LNG to New Provi-
dence, with the pipeline cost-
ing between $150-$200 million
to construct.

AES had estimated the cost
of converting the seven to

‘ eight combustion turbines at
Blue Hills to take LNG at $1-
$1.5 million each, a maximum
of $12 million that would be
paid for immediately by the
fuel savings.

Even if the LNG proposal
is ultimately rejected, Mr Sam-
son said AES could become

involved with BEC in other
ways, as it is likely to be a
“major partner” in a $60-$65
million wind farm project pro-
posal submitted in response to
the Corporation’s tender for
renewable energy proposals.

“We’re negotiating fairly
actively with a local group that
wants to respond [to the BEC

tender],” Mr Samson told Tri- .
bune Business. “It’s not all

mapped out, but we would be

a major partner.

“If we participate, it'll be in
a fairly major way. My guess is
that it would be a 51 per cent
role. There’s paperwork fly-
ing back and forth.”

Mr Samson added: “I think
it’s a very viable project for
the Bahamas, and exciting,
because whether it’s 2009 or
2010, it’s clearly possible to
have 20 megawatts (MW) to
30MW of wind power in the
Bahamas. You go from no
renewables to 10 per cent
overnight. That’s a big num-



from people who are
making news in their
neighbourhoods. Perhaps

good cause, campaigning
for improvements in the |
area or have won an ©
award.

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

. FINAN CE CORPORATION OF BAHAMAS LIMITED
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (Unaudited)
Nine Month Period Ended July 31, 2008

(Expressed in Bahamian dollars)

Share your news

The Tribune wants to hear

you are raising funds for a

ber for the country.” That
number is based on the fact
that BEC generates 300MW

of energy to supply New Prov-

idence.

Although not an equipment
manufacturer itself, Mr Sam-
son said AES had some
250MW worth of wind tur-
bines on order from General
Electric over the next year.
The company was able to allo-
cate some of those turbines to
the Bahamas, as it already
bought in bulk and then sup-
plied them to smaller projects.













General Retained

Share Share
: Capital Premium Reserve Earnings Total
$ $ $ $.. $
Balance at October 31, 2006, restated $5,333,334 2,552,258 500,000 77,644,813 86,030,405"
Net profit for the period, restated ce 14,628,419 14,628,419
Dividends (11,733,334) .. (11,733,334)
Balance at July 31, 2007, restated $5,333,334 2,552,258 500,000 80,539,898 88,925,490
", Balance at October 31, 2007 $5,333,334 2,552,258 500,000 83,800,153 92,185,745
Net profit for the period 11,573,968 | 11,573,968
Dividends (11,733,334) — (11,733,334)
Balance at July 31, 2008 $5,333,334 2,552,258 500,000 __83,640,787__ 92,026,379
FINANCE CORPORATION OF BAHAMAS LIMITED
CONSOLIDATED STATEMENT OF CASH Hows (Unaudited)
Nine Month Period Ended July 31, 2008
(Expressed in Bahamian dollars)
(Restated)
Nine Months _ Nine Months
Ended Ended
July 31, 2008 July 31, 2007
CASH FLOWS FROM OPERATING ACTIVITIES ,
- Net income $ 11,573,968 $ 14,628,419
Adjustments for: ‘
Depreciation 411,885 360,181
Provision for credit losses 3,175,318 271,189
Lass on disposal of fixed assets 88,982 7,716
} 15,250,153 15,267,565
Changes in operating assets and liabilities (2,288,303) { 1 233,514)
Increase in loans and advances, net (57,967,146) (36,995,136)
Increase in deposits 56,866,479 __ 41,366,696
Net cash from operating activities 11,861,183 18,405,611
CASH FLOWS FROM INVESTING ACTIVIT TES”
— Purchase of fixed assels : (73,875) (561,421)

Net (Purchase) Proceeds of investments 794,777 (12,087,058)

Net cash from investing activities 620,902 . (12,648,479)
CASH FLOWS FROM FINANCING ACTIVITY \

Dividends paid (6,633,334) (2,933,335)
NET INCREASE IN CASH AND CASH EQUIVALENTS . 5,848,751 2,823,797
CASH AND CASH EQUIVALENTS, BEGINNING OF THE PERIOD 17,337,902 21,823,993
CASH AND CASH EQUIVALENTS, END OF THE PERIOD $ 23,186,653 $ 24,647,790

FINANCE CORPORATION OF BAHAMAS LIMITED
Notes to Unaudited Interim Consolidated Financial Statements
Nine Month Period Ended July 31, 2008

1. ACCOUNTING POLICIES

These interim condensed ‘financial statements have been prepared in accordance with
International Accounting Standard 34 Interim Financial Reporting. The accounting policies used
in the preparation of these interim financial statements are consistent with those used in the
audited financial statements for the year ended October 31, 2007.

2, COMPARATIVES

Certain comparative figures have been restated to comply with the presentation of these interim
financial statements,

nee 3

ie

ee

ee

ET ET MOIETIES BET TN FON ATION LE AE LES POLO OCA LN SLR NYS BETES OTP ELIT ILL AEN:

SO aT

PTE A SE SSI AT IHL

RE RL Tt SEERA

MLO Tt

C09 ATER ACIP DAL TDM Fis ST EIEN TOES BEE EET BTS

Deeceecmsornr:
~PAGE 8B, MONDAY, SEPTEMBER 1, 2008

FROM page one

serve the assets. :

However, Leadenhall coun-
tered that it had transferred at
least $19.7 million to First
Financial, with the balance
refunded against outstanding
debts owed by the Bahamian
bank’s cardholders.

A forensic accounting fol-
lowed to verify who was correct
before Leadenhall was placed
into liquidation. Yet the likely
resolution reached between the

Dispute

Financial is likely to aid the for-
mer in his winding-up efforts.
Any settlement will leave
First Financial with responsi-
bility for the former Mastercard
portfolio and its clients. That,
in turn, is likely to take respon-
sibility for two other vexing
issues surrounding the credit
card portfolio — MasterCard’s

$1.7 million termination fee ~

demand and uncollected credit
card debts — from Leadenhall

MasterCard had _ been
demanding that Leadenhall pay
it that sum as a result of the for-
mer terminating its issuing
licence, while the bank had pre-
viously been owed $1.306 mil-
lion in outstanding credit card
debts:

Collecting those balances will
now fall to First Financial.
According to Mr Gomez’s
report, as at July 15, 2008, some
99 Bahamas-based cardholders

owed a total of $690,220 — an
average of more than $69,000
per person.

And 310 overseas cardholders
owed a balance of $616,118,
with no client — Bahamas-based
or international — having made
commitments to settle their
debts in the previous seven-and-
a-half months.

Despite the moves towards
resolution on the credit card
portfolio, Mr Gomez still faces

bank’s liquidator and First to First Financial:

FERREIRA & COMPANY
ENVIRONMENTAL CONSULTANTS
ATTORNEYS-AT-LAW

JOB OPPORTUNITY

Ferreira & Company, a growing and dynamic legal
and consulting firm; is seeking a Secretary/Personal
Assistant. The successful applicant must possess the

following requirements:

Associates Degree or 2-3 years relevant work
experience;
Ability to meet pressing deadlines and work
under pressure;
Superior customer service skills;
pxcelent organizational and time management
skills;

¢ Thorough knowledge and command of
MicrosoftWord, Excel, PowerPoint and Access.

Interested persons should submit letter of interest and
Resume on or before September 5", 2008 electronically only

to:chris. ferreiraandco@coralwave.com



NOTICE TO SHAREHOLDERS

As a result of the Bank’s fancied
results for the third quarter ending 31st
July 2008, the Board of Directors of
Finance Corporation of -Bahamas
Limited hereby notifies all of its
Shareholders that an interim dividend
of thirteen cents (13 cents) per Ordinary
Share will be paid on 16th September
2008, to all Shareholders of record as of
9th September 2008.

DAPHNE BURROWS-HAINES
CORPORATE SECRETARY



Securi
Abaco Markets ,
Bahamas Property Fund
Bank of Bahamas
Benchmark
Bahamas Waste
Fidelity Bank
Cable Bahamas
Colina Holdings
Commonwealth Bank (S1)
Consolidated Water BDRs
Doctor's Hospital
Famguard
Finco
FirstCaribbean Bank
Focol (S)
Focol Class B Preference
Freeport Concrete
ICD Utilities
J: S. Johnson
Premier Real Estate

Bahamas Supermarkets
Caribbean Crossings (Pref)

EAL Maa

mange Supermarkets
RND_ Holdings

Colina Bond Fund

Colina MSI Preferred Fund
Colina Money Market Fund
Fidelity Bahamas G & | Fund
Fidelity Prime Income Fund
CFAL Global Bond Fund
CFAL Global Equity Fund
CFAL High Grade Bond Fund

100.96***
1.00**
Fidelity International Investment Fund

FG Financial Preferred income Fund

FG Financial Growth Fund

FG Financial Diversified Fund

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

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

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

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

Daily Vol, - Number of total shares traded today

DIV §& - Dividends per share paid in the last 12 months

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

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

YIELD - last 12 month dividends divided by closing price
Bid $ - Buying price of Colina and Fidelity

Ask $ - Selling price of Colina and fidelity

Last Price - Last traded over-the-counter price

Weekly Vol.
EPS $ - A company’s reported earnings per share for the last 12 mths
NAV - Net Asset Value

N/M - Not Meaningful

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

Airport project

FROM page one
































The $25 million domestic finance-raising effort is at least
partially linked to the compromise that appears to have been
worked out between the Airport Authority and Citibank. The
current Authority Board was unhappy with the arrangement
worked out between its predecessors and Citibank, which gave
the latter both the placement agent and advisory work on the air-

‘port financing initiative,

‘Now, it seems that Citibank has relented, at cast on the
Bahamian$ aspect of the financing. In an advertisement posted
in the media on Friday, NAD invited bids for Bahamian place-
ment agents.

The ad said: “The Nassau Airport Development Company
invites proposals for providing local placement agent and col-
lateral agent services in connection with the offering of senior
and subordinated debt securities to Bahamian investors.”

The first phase of Lynden Pindling International Airport’s

redevelopment will include the execution of high priority pro-
jects, such as.improving the physical and sanitary conditions at
the airport, alleviating congestion associated with pre-clear-
ance, alleviating parking conditions and air side congestion,
managing adequate check in spaces for additional air traffic
growth, facilitating group travel and minimising, and streamlin-
ing passenger security checks.

Once it starts, it is anticipated to be Pomp leted within 24
months.

Phase two of the project is divided into four stages and
includes the construction of new facilities and the renovation of
existing ones. This will also include new US and international
arrival facilities.

Phase three encompasses new interhational and domestic
departure facilities, while phase four will include improvement
to general areas of the airport such as landscaping.

Vacancy Notice

“The Bahlamds Cboperative League Limited {

Requires the services of a

Messenger/Office Assistant

The successful applicant will be responsible for:
+ Providing messenger services
+ Assisting with general office duties

Applicants should:
+ Be a Bahamian Citizen
+ Possess a valid drivers license
+ Possess a minimum of a High School piplem
+ Be Computer Literate
+ Have good inteepecnaL skills

Applicants should submit chelt resumes to:
The Bahamas Co-operative League Limited
Russell Road, Oakes Field —
or fax the resume 328-8730.

Deadline for application is Thursday, September 25, 2008

EG CAPITAL

AL MARKETS
ROKERAGE & ADVISORY SERVICES

a
SOLON A L

__EPS$ _ Div$__

Last Price Weekly Vol. EPS
0.300 13.4
0.480 NM

o. els)

-9.78%
1.47% 1.47%
0.27% 0.27%
1.19% 4.

-9.78%

31 March 2008
- 31 December 2007
*-30 June 2008
* ~ 31 April 2008
- 22 August 2008

- Trading yolume of the prior week
vee" 34 July 2008

several challenges in complet-
ing Leadenhall’s liquidation.
Among those is the $330 mil-
lion judgment handed down by
the Florida courts against Lead-
enhall in relation to a class
‘action lawsuit brought by for-
mer customers of the Cash 4
Titles Ponzi scheme.

They have been seeking dam-
ages from Leadenhall over its
alleged role in providing finan-
cial services to the scheme,

In his report, Mr Gomez said
he had received via a Bahamian
attorney written documents
from the class action litigants
to support their claim for dam-
ages. “The documents further
presented information as to the
reason why the judgment by the
Florida court should be accept-
ed in the Bahamas,” Mr Gomez

THE TRIBUNE

said, adding that he had for-
warded the documents to his
attorney, Sidney Cambridge at
Callender’s & Co, for a legal
opinion.

Mr Gomez is also seeking to
recover $3.458 million in loan
debts owed to Leadenhall by
seven debtors, and recover
$125,937 associated with a
forged cheque.

Another outstanding issue is
the $16.266 million investment
portfolio held with Generali
International. Over the nine
months between October 1,
2007, and June 30, 2008, Lead-
enhall earned $123,637 in
returns on the portfolio, but the
biggest concern for Mr Gomez
is the $11,540 Early Discontin-

. uance Charge that is active until

March 2009.

OTIC

The Middle Temple is trying to
trace and make contact with its
members who work or reside
in The Bahamas with a view
to forming a Middle Temple
Bahamas Association.

Members are encouraged to
send their contact details to
Bertha Cooper-Rousseau at

-ber@rousseaulaw.com

or fax 242-325-3688.

CRAWFORD HOLDINGS LTD.
(Company number 40,584B)

An International Business Company

ae Voluntary Liquidation)

We; Pine’ Limitéd, Liquidator of CRAWFORD ‘HOLDINGS LTD.
hereby certify that the winding up and dissolution of CRAWFORD
HOLDINGS LTD. has been completed.in accordance with the Ar-
ticles of Dissolution and that CRAWFORD HOLDINGS LTD. has

been dissolved as of 7th day of August, 2008.

Dated this 28th day of August, 2008

Pine Limited
_ Liquidator



egal Notice
NOTICE

ZIRDAL LIMITED

NOTICE IS HEREBY GIVEN as follows:

(a) ZIRDAL LIMITED is in voluntary dissolution
under the provisions of Section 137(4) of the
International Business Companies Act 2000.

(b) The dissolution of the said company commenced on
"the 29th August, 2008 when the Articles of Dissolution
were submitted to and registered by the Registrar

General.

4

(c) The Liquidator of the said company is Verduro
Associated Ltd., Pasea Estate, Road Town, Tortola, BVI

Dated this 29 day of August, A.D. 2008

Verduro Associated Ltd.
Liquidator

Legal Notice
NOTICE

DEL CIERVO INVESMENT LTD.

NOTICE IS HEREBY GIVEN as follows:

(a) DEL CIERVO INVESTMENT LTD. is in voluntary
dissolution under the provisions of Section 137(4) of
the International Business Companies Act 2000.

(b) The dissolution of the Bd company commenced on
the 28th August, 2008 when the Articles of Dissolution
were submitted to and registered by the Registrar

General.

(c) The Liquidator of the said company is Verduro
Associated Ltd., Pasea Estate, Road Town, Tortola, BVI.

Dated this 29 day of August, A.D. 2008

Verduro Associated Ltd.
Liquidator


THE TRIBUNE

GN-737



SUPREME
COURT

of

COMMONWEALTH OF THE BAHAMAS |
_ THE SUPREME COURT |
PROBATE DIVISION :

,28TH AUGUST, 2008 |

No. 2008/PRO/npr/00520

Whereas COTEISHA HANNA, of #58 Trotter |
Avenue in the Island of Grand Bahama, one }

of the Islands of the Commonwealth of The |

Bahamas, has made application to the Supreme :
Court of The Bahamas, for letters of |
administration of the Real and Personal Estate :
of NEUTISHALA FLOWERS, late of #58 |
Trotter Avenue on the Island of Grand Bahama, :
one of the Islands of the Commonwealth of

The Bahamas, deceased.

Notice is hereby given that such applications 2
will be heard by the said Court at the expiration :

of 21 days from the date hereof.

Desiree Robinson
(for) Registrar

COMMONWEALTH OF THE BAHAMAS |

THE SUPREME COURT |
PROBATE DIVISION :
28TH AUGUST, 2008 :

No. 2008/PRO/npr!00522

Whereas RICARDO WILFRED TREVOR
HOLMES, of Minnis Subdivision in the Island :
New Providerice, one of the Islands of the :
Commonwealth of The Bahamas, has made }
application to the Supreme Court of The |
Bahamas, for letters of administration of the :
Real and Personal Estate of WILFRED :
THOMAS HOLMES, late of Minnis :
Subdivision, New Providence, one of the :
Islands of the’ Commonwealth of The Bahamas, :

deceased.

Notice is hereby given that such applications 7
will be heard by the said Court at the expiration |

of 14 days from the date hereof.

. Desiree Robinson 3
(for) Registrar

COMMONWEALTH OF THE BAHAMAS |
THE SUPREME COURT :

-- PROBATE DIVISION :

28TH AUGUST, 2008 :
: NOTICE is hereby given that after the :
"| expiration of fourteen days from the date :
: hereof, application will be made to the Supreme :
Court of The Bahamas in the Probate Division :
by MICHELLE ANTIONETTE HORTON :

No. 2008/PRO/npr/00523.

Whereas LOUREY C. SMITH, of Mareva |

House, 4 George Street, New Providence, one :
of the Islands of the Commonwealth of The :
Bahamas, Attorney by Deed of Power of :
Attorney for Brenda K. Miller, the Executrix |
has made application to the Supreme Court of :
The Bahamas, for letters of administration :
with the will annexed of the Real and Personal |
Estate of MAXINE A. SIMA Y, late of 6820 :
Chateau Chase Drive, Columbus in the State :

of Ohio, U.S.A., deceased.

Notice is hereby given that such applications
will be heard by the said Court at the expiration |

of 14 days from the date hereof.

‘Desiree Robinson
(for) Registrar

? Palm Beach County in the State of Florida,
: one of the States of the United States of :
America, deceased.

: NOTICE is hereby given that after the :
: expiration of fourteen days from the date :
: hereof, application will be made to the Supreme :
: Court of The Bahamas in the Probate Division :
: by WELLINGTON E. OLANDER of No. :
: 33 Gleniston Gardens in the Eastern District :
: of the Island of New Providence, one of the |
: Islands of the Commonwealth of The Bahamas, :
:. Attorney-At-Law, the Authorized Attorney in |
: The Bahamas for obtaining the resealed Letters :
Administration (single personal :
: representative) in the above estate granted to :
ASHURST the Personal :
Representative of the Estate, by the Circuit :
Court for Palm Beach County, Florida, Probate :
Division, on the 27th day of May, 2008. 3.

CANDICE B.

‘Nicoya Neilly
(for) Registrar

COMMONWEALTH OF THE BAHAMAS :
_ THE SUPREME COURT PROBATE :

_ DIVISION :

28TH AUGUST, 2008 :
: Attorney for MADLYN SIMMS, the Lawful

‘+ Widow has made application to the Supreme

: Court of The Bahamas, for letters of

IN THE ESTATE OF MICHAEL GEORGE |
CORBETT ASHBY, late of Wickens, Birch :
: of Old Bight, Cat Island, one the Islands of
: the Commonwealth of The Bahamas, deceased.

: 2008/PRO/npr/00527

: Grove, Horsted Keynes, West Sussex, England,
| United Kingdom, deceased.

: NOTICE is hereby given that after the :
: expiration of fourteen days from the date :
: hereof, application will be made to the Supreme :
: Court of The Bahamas in the Probate Division :
by HARRY BRACTON SANDS of Skyline : .
Drive in the Western District of the Island of :
New Providence, one of the Islands of the :
Commonwealth of The Bahamas. Attorney- |
: At-Law, the Authorized Attorney in The :
: Bahamas for obtaining the resealed Grant of :
: Probate in the above estate granted to JULIAN :
CHARLES ASHBY and NICHOLAS |:
PATRICK HANCOCK the Executors of the |
Estate, by the High Court of Justice, the District :
Probate Registry at Bughten, on.the. 19th et i

of August, 2008.

Nicoya Neilly
(for) Registrar

| 2008/PRO/npr/00529

States of America, deceased.

of Monastery Park and SIDNEY :
ALEXANDER CAMBRIDGE JR. of No.9 :
Chancery Lane, both of the Eastern District :.
of the Island of New Providence one of the :
Islands of the Commonwealth of The Bahamas, :
Attorneys-At-Law, the Authorized Attorneys :
in The Bahamas for obtaining the resealed :
Letters Of Administration (single personal :
: representative) in the above estate granted to |
: DENNIS PASCALE the Personal :
Representative of the Estate, by the Circuit :
Court for Broward County, Florida, on the 31:
: of The Bahamas, has made application to the

_ st day of July, 2007.

COMMONWEALTH OF THE BAHAMAS |
THE SUPREME COURT |
PROBATE DIVISION |
28TH AUGUST, 2008 |

2008/PRO/npr/00525

Nicoya Neilly
(for) Registrar

_ No. 2008/PRO/npr/00530

IN THE ESTATE OF GILBERT LESTER
BOWE a.k.a. GILBERT L. BOWE, late of

Whereas JACQUELYNE ROBERTS, of Sea :
New :

Breeze Estates, Eastern District,

: Soldier Road, Eastern District,
: Providence,
: Commonwealth of The Bahamas, deceased.
COMMONWEALTH OF THE BAHAMAS :
THE SUPREME COURT :

PROBATE DIVISION :

28TH AUGUST, 2008 :

MONDAY, SEPTEMBER 1, 2008, PAGE 9B

: Providence, one of the Islands of the

Commonwealth of The Bahamas, has made

} application to the Supreme Court of The
: Bahamas, for letters of administration of the

Real and Personal Estate of ENOCH PEDRO,
ROBERTS II, late of Sea Breeze Estates,
Eastern District, New

Providence, one the Islands of the

: Commonwealth of The Bahamas, deceased.

Notice is hereby given that such applications

: will be heard by the said Court at the expiration

of 14 days from the date hereof.

Desiree Robinson
(for) Registrar

COMMONWEALTH OF THE BAHAMAS
' THE SUPREME COURT

PROBATE DIVISION

28TH AUGUST, 2008

_ No. 2008/PRO/npr/00531

Whereas STEPHEN ROLLE, of the
Settlement of Old Bight, Cat Island, one of
the Islands of the Commonwealth of The
Bahamas, Attorney by Deed of Power of

administration of the Real and Personal Estate
of GEORGE SIMMS, late of the Settlement

Notice is hereby given that such applications
will be heard by the said Court at the expiration
of 21 days from the date hereof.

Desiree Robinson
(for) Registrar

COMMONWEALTH OF THE BAHAMAS
THE SUPREME COURT
__ PROBATE DIVISION

| oy net jo i@8TH AUGUST, 2008
_ No. 2008/PRO/npr/00532

: Whereas LATANIA MACKEY, of North
: Andros, The Bahamas, and LATASIA
CROWTHER of Faith Avenue, Freeport,
; Grand Bahama, one of the Islands of the
: Commonwealth of The Bahamas, have made
COMMONWEALTH OF THE BAHAMAS
THE SUPREME COURT :
PROBATE DIVISION :
28TH AUGUST, 2008 :
: the City of Nassau in the Island of New
: Providence,
: Commonwealth of The. Bahamas, deceased.
: IN THE ESTATE OF DONALD PASCALE $:
: a.k.a. DONALD P. PASCALE, late of :
Tamarac City in Broward County in the State :
of Florida, one of the States of the United |

application to the Supreme Court of The
Bahamas, for letters of administration of the
Real and Personal Estate of IRENE
JOHNSON, late of No. 56 Augusta Street in

one the Islands of thé

Notice is hereby given that such applications 7

will be heard by the said Court at the expiration
of 14 days from the date hereof.

Desiree Robinson
(for) Registrar |

COMMONWEALTH OF THE BAHAMAS
THE SUPREME COURT

' PROBATE DIVISION

28TH AUGUST, 2008

No. 2008/PRO/npr/00533
Whereas. HESTER WILLIAMS, of

Adderley's Addition in the Eastern District,
New Providence, one of the Commonwealth

. | Supreme Court of The Bahamas, for letters of
: administration of the Real and Personal Estate

of MAKELL CARLET NEELY, late of
New
-one the Islands of the

Notice is hereby given that such applications
will be heard by the said Court at the expiration
of 14 days from the date hereof.

Desiree Robinson
(for) Registrar

Peres?

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ESO BS RS

LEP SSS eS

Pe Sar ager in eg A

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CSRS ee

Se Se See eS ee ee

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PAGE 10B, MONDAY, SEPTEMBER 1, 2008



I WAITED with great anticipa-
tion for the response to your article
of last week. All I can say is WOW!
_ Iknew all along that there is very
little “honour” left in the legal pro-
fession in this country.

The horror stories in your article »
are sickening. Even more so is the
fact that the Bahamian lawyers who
“have used what they imagine to be
their intellectual superiority, and of

course their knowledge of the law, to -

bamboozle and browbeat the uned-
ucated into agreements that have not
been in their clients’ own best inter-
est....” are so intellectually superi-
or that they don’t realise that they
have staffs who work for them, that
. know exactly the illegal acts that they
have committed and are commit-
ting. Are their staffs called as wit-
nesses?

Most lawyers in the Bahamas have
no knowledge of the law or should I
say don’t know how to interpret the ©
law — they call their colleagues and
ask for precedents. In most cases
they edit more than the local news-
papers.

Some lawyers not only swindle the
so-called “uneducated”; these
unscrupulous lawyers swindle funds
from the “highly educated” when-
ever they have the opportunity. The
educated clients are more embar-
rassed than the uneducated ones, so
they don’t report the lawyer for more
than one reason. Regardless of per-
sons’ educational level, a person
knows when wrong is done to
them. Some may not be able to com-
municate it well, but they know. The
problem is that the protection blan-
ket is “thick”. After the theft, they
dare you to prove it. They know how
long and drawn out the process
is. They.also, know. that.the.percent-

age is high that a quiet ruling-will be“

donelin their favour. They will be,
cleared to swindle again.

Some lawyers in this country know
that their illegal actions will be pro-
tected by their “honourable bud-
dies”. If you want a piece of land
you go to so and so. If you want to
hide something on paper, you go to
so and so. The delaying of a court
action is mastered by all.

What’s so pathetic is that they all
use the cover of the “law”.

Gone are the days when a lawyer
in this country is admired for truly
being honourable. Lawyers admire
themselves based on the amount of
wealth that they accumulate over
their short “illusionary” careers. Is
there a class in Law School called.

. “Unscrupulous 101”? This is a learnt
behaviour!

The average citizen’s outrage is
high. However, I am sure the
unscrupulous lawyers are all saying
“they can ride this wave out”. They
count on a short-term public outcry,
and a corrupt system whose bread is
buttered by them. Sad state of
affairs!

I look forward to your follow-up
stories.

Maria

I THINK many lawyers go into

the profession for the specific pur-
pose of robbing other people. Some

Barack Obama (AP)





UNSC

INSIGHT Feedback
Re: He Is Not Alone /!
(Andrew Thompson) | —

use it to trampoline into politics.
There seems to be a correlation: if
they can’t swing enough people in
law, they move into politics to see if
they can do it there.

CA, Nassau

IT is high time that someoné had
the intestinal fortitude to expose our
lawyers for what they are. I have
been the victim of an unscrupulous
lawyer and magistrate myself, so
know what I’m talking about.

Caller

Dear Sir! It is with great pleasure
that I came upon your article in the
Monday, August 25, issue of The Tri-
bune. I, too, have been waiting for
the Bar Association to deal with a
lawyer, who took half of my monies
after I waited 10 years to have my
case finalised in the courts.:

I reported this person (lawyer) to ,.

the London Bar Standards .Board
(where the lawyer was called) and
they agree I was dealt a low blow.
However, until the Nassau Bar Asso-
ciation deals with this situation,
where the lawyer is practising (Nas-
sau) they can’t assist me.

The association has yet to respond
after two years as to what
progress/steps, if any, have been tak-
en regarding my complaint.

Maybe we can find out what’s

‘going on. This is similar to police

complaints not being investigated
until it’s brought to “light” by the
media.

Because Bahamians are unaware

- of their rights, many have failed to

complain.

Iam far from finished with this sit-
uation and have considered many
times bringing, in full detail, how this

. lawyer took my case,.as.a “friend”.
Shark bait-is:ajoke on-how I-was
manipulated, and, yes, robbed by. this

person.

Would love, and be glad, to assist
you in further detail on what
Bahamians can do and not do to
safeguard themselves from these
predators.

Looking forward to your
response. Thanks for your time and
insight.

S. Dee, Nassau

INSIGHT replies: This person’s
full story of how she was robbed by a

‘ woman lawyer pretending to be her

‘friend’ will be told in the near future.

UNFORTUNATELY, the law
attracts some dishonest people, who
see the profession as a means of
exploiting and stealing from the

untutored.

There are, of course, exceptions,
but I suspect your figure of “60 per
cent are rogues” is very, very con-

servative. In the Bahamas, I would :‘

put the figure at 85 per cent ‘or
above.
J T Hepburn

I’M glad you used the term “imag-
ined intellectual superiority” in ref-
erence to lawyers because those I
know are as dumb as posts once you
get their conversation away from the
law.



Seca samen

. LY, have fallen vic-



It amuses me to see them
being photographed in wigs
and gowns outside the
Supreme Court with bun-
dles of books in their
hands. This is intended to .
imply scholarship, but my
bet is that most of them’
have never read a good
book in their lives. They
wouldn’t know Marcel
Proust from a bottle of
Jamba Juice.

Expat professional

I, PERSONAL-

tim’ to a crooked
woman lawyer, “a wolf in sheep-

-’s clothing” who took money from >

the buyer of my property and used it
to open another business. I have
written to both the Bar Association
and the police and this woman has
not been picked up yet. |

It has been months since this
woman received my monies and I
am out here struggling to make ends
meet, hurting emotionally, physical-
ly and socially.

This woman has given no thought
to my welfare and, sir, this woman
needs to be exposed.

Please, sir, address this matter.

Lawyer’s victim

¢ This case has been included in
INSIGHT?’s dossier of dishonest
lawyers. The name of the lawyer is
known to us. :

THE reason I buy The Tribune
on a Monday is to read INSIGHT,
and I want to thank you for what
you are writing about the legal pro-
fession.

I am afraid that inefficiency has

- become the:norm in that profession.

From: the time I have been in the
buying and selling of real estate the

legal profession has been inefficient. |

It is very frustrating dealing with
them.

If you were to canvass many of
the brokers I am sure they would
share my view. I don’t think the pro-

fession should regulate itself. There

should be a government-appointed
board to regulate them because they
have not done a good job of regulat-
ing themselves over the years. I
agree, also, that there should be an
ombudsman to represent the pub-
lic’s interests.
INSIGHT reader

I WOULD like to compliment
and thank you for another brilliant
piece of journalism regarding the
corrupt legal system in the Bahamas.
After reading some of the Insight
readers’ feedback it is clear that the
time is now for your newspaper to
keep the fire burning on this mat-
ter. Corruption will not end unless
your newspaper remains vigilant
about exposing the vast greed that
exists among some in the legal pro-
fession. as

The pain expressed by the vic-

’ tims are overwhelming. It is indeed

stressful for all Bahamians who have
been hoodwinked, bamboozled and
lied to by corrupt attorneys. We must

find

FROM page one

a .way to
have a system of

checks and balances among

the legal profession. ,

I implore you to not stop but
keep raising the consciousness
among the nation’s leaders, church-
es and businesses that, unless this
nation comes to terms with the injus-
tices against powerless Bahamians,
we may have dire anarchistic conse-
quences in the short term. People
are fed up with the foolishness, and I
stand with you and other Bahami-
ans who wish to live'in a nation
where justice is fair and unquestion-
able.

Your news stories inspire me and
countless others across the country
who are thankful that we have some-
one of your calibre addressing our
nation’s ills in an open forum and
who is not afraid to take on the “sys-
tem’. ;

May God’s blessings and comfort
always be with you. Warmest
regards.

Grand Bahama Supporter

YOUR recent articles on the fail-
ings of the legal profession in gener-
al and Andrew Thompson in partic-
ular are no doubt creating an impact.
Hopefully, it will be a positive one.

To say there is a need for account-
ability in the legal and judicial system
falls somewhat into the realm of stat-
ing the obvious. Whether it can be
accurately said that 60 per cent or
so of Bahamian attorneys are guilty
of professional misconduct and/or
are criminal, is a question of num-
bers.

The Bar Association has records
of the complaints made against its
members, and those which were
resolved and those which were not.
Those not resolved at the level of
the Ethics Committee, would have
proceeded, or have been readied to
proceed, before a disciplinary tri-
bunal. The decisions of those tri-
bunals (which have the effect of a
Supreme Court judgment) are a mat-
ter of public record. Actual, as
opposed to the speculative numbers
involved, could be ascertained.

Justice Jeanne Thompson,
(retired) was a guest (along with the
undersigned) on the Jeff Lloyd show
last Tuesday, August 19. Former Jus-
tice Thompson spoke to issues aris-
ing on the question of legal profes-
sional discipline and accountability.





ae sft. coon
Fa ees ieee NR ney SOO te.
j Black Malang. Maes!
SR ete Od il eye
A ony ete

THE TRIBUNE

Regard-
ing the
criminali-
ty aspect

of profes-
sional mis-
conduct, it

out the Bar
has no power

to impose any
criminal sanc-
tion on any
member of the
Bar. Discipline
= under the Legal
spn Professional Act
ee is confined to
fines, suspénsion,

and disbarment. To

infer otherwise, is to ignore the facts.

Criminal conduct can only be pros-
ecuted by the Commissioner of
Police. The police can only prosecute
if there is a complaint. The courts can
adjudicate on the complaint, if and
when the police charge the person,
and bring him before the courts. Once
that person has a criminal record,
he/she cannot be reinstated at the
Bar.

The person who has been the vic-
tim of crime must, in the first instance,
make the complaint to the police. By
the same token the police, including
the commercial crime unit, need to
accept that they have jurisdiction in
these matters, and not dismiss the
complainant, with the excuse that “it
is a civil matter”.

Unlawfully depriving someone of

Rog ere be stcy)

their property, or money, or forging a.,,

document, is a crime, and the. prof
sionals on the police force need to,be
alive to this issue. The police should
be trained to respond appropriately to
legitimate complaints from the public.
Otherwise, the crime is in effect con-
doned by our'society, because the
police refuse to take action.

The issue’of professional account-
ability, however, is not confined to
lawyers. What also plagues our society
is the lack of accountability in the
medical profession. The Medical
Council and the Hospital and Health
Care Facilities Board inexcusably fail
to determine complaints of breach of
statutory duty resulting in death. They
continue to license facilities and doc-
tors who, in other jurisdictions, would
have lost their licences, and been
charged before the criminal courts.

This failure exposes patients to
unacceptable risks, and brings into
disrepute the local medical profes-
sion, which otherwise serves this com-
munity well. When will this issue be
addressed?

Leandra Esfakis
www.bahamaspatientsadvocacy.org

INSIGHT replies: The doctors are
next. However, we intend to deal
with the lawyers first because, as our
feedback indicates, disquiet is mount-
ing against rogue attorneys to the
extent that the public no longer has
faith in the system.

is hanging in for now, there is
no chance he will be there in

was pointed ©





party just because their parents
and grandparents did so.

Also, the Pindling effect is a
busted flush because most
intelligent voters realise that
the world has moved on and
that “The Father of the
Nation” is no longer relevant to
the modern Bahamas and its
needs.

Most disturbing of all for the
PLP is that young educated
Bahamians are eager to move
away from the kind of politi-
cian whose only aim in life is to
accumulate personal wealth
during his or her years in pow-
er.
Watching an inspirational
orator like Barack Obama in
action, hearing him outline a
vision for his country that actu-
ally means something to ordi-
nary people, Bahamians must
wonder where anything resem-
bling an equivalent lies in their
own political landscape.

What we have, instead, is a
jaded collection of old hands
whose close connections with
Pindling will forever define
them as outdated petty nation-
alists with nothing to offer in
the age of globalisation, and a

Obama

younger set who appear to lack
the moral:courage to speak out
and make a difference.

As Obama said during his
truly inspirational convention
speech last week, a new kind
of thinking is required to tack-
le the difficulties that lie ahead.

If the PLP is to learn any-
thing from its report, it is that it
has under four years before the
next election to reconstruct
itself and its image in a way
that will make it relevant to all
modern Bahamians.

It needs to shed the drug
dealers, the hangers-on, the
low-lifers who have always
been part of the party’s sup-
port system, and offer the
country something refreshingly
new.

That should include a clear
vision of the country’s future

— and at least the hope of a.

moral base that will ultimately
help to make the Bahamas a
happier and more contented
place.

One senior politician told
INSIGHT: “By 2012, both the
PLP and FNM will have lead-
ership issues. Though Christie

four years time.

“And Ingraham, in my opin-
ion, wants out. He didn’t want
to come back as leader or
prime minister. He had his ten
years in charge and did what
he had to do. He wants to go
fishing.”

Both parties, therefore, need
to work on strategies that will
secure the Bahamas’ future in
worsening economic times
under leadership that is no
longer bound to the past.

Like America, the Bahamas
needs to pursue the theme of
change.

Obama mentioned honesty
and family values during his
speech, citing them as two of
the mainstays in achieving the
kind of society that flourishes
on the basis of self-esteem, per-
sonal dignity and mutual
respect.

It is an example the PLP
might well follow to its consid-
erable advantage. Nothing less
than a full-scale overhaul and a
bold new vision will do.

e What do you think?
Fax 328-2398 or e-mail
jmarquis@tribunemedia.net





















§
Si

sb ar


THE TRIBUNE

MONDAY, SEPTEMBER 1, 2008, PAGE 11B



UNIT ats





@ ST. PAUL, Minn.

JOHN MCCAIN tore up the
script for his Republican

National Convention on Sun- |

day, ordering | the cancellation
of all but essential opening-day
activities as ‘Hurricane Gustav
churned toward New Orleans,
according to Associated Press.
"This is a time when we have
to do away with our party poli-
tics and we have to act as
Americans,'' he said.as fellow
Republicans converged on their
convention city to nominate
him for the White House.
President: Bush and Vice
President Cheney scrapped
plans to address the convention
on Monday, and McCain's cam-
paign chartered a jet to fly del-
egates back to/their hurricane-
threatened states along the Gulf
Coast. Campaign manager Rick
Davis said the first-night pro-
gram was being cut from seven
hours to two and one half.
The hasty reordering of an
event months in the making
underscored not only the risk
posed by Gustav, but also an
intense desire} by McCain and

Republicans to avoid the polit-.

ical damage that Bush suffered
from his widely criticized
response to Hurricane Katrina
three years ago.

The formal business of the
convention includes nominat-
ing McCain for president and
Alaska Gov. Sarah Palin as his
vice presidential running mate
on Wednesday.’ McCain's accep-
tance speech, set for prime time
on Thursday evening, is among
the most critical events of the
campaign for'his chances of

CHEVROLET

|

winning the White House.

McCain said he was looking
forward to attending the con-
vention but did not say when
he would arrive. He spoke via
satellite from St. Louis after he
and Palin received a briefing on
hurricane preparations in Jack-
son, Miss.

Campaign manager Davis
told reporters inside the con-
vention hall that the opening
program on Monday would be
"business only and will refrain
from political rhetoric."

To help those in need, he
said, ''We are working with the
delegations, financial people,
finance committees, many other
concerned individuals to do
what we can to raise money for
various charities that operate in
the Gulf Coast region."

As for the convention sched-
ule, he added that further
adjustments would be made on
a day-to-day basis.

Challenges

McCain said of his briefing
in Mississippi: ''I'm happy to
report to you that the coordi-
nation and the work that's being
done at all levels appears to, be
excellent.’ He cited remaining
challenges in communications
and search and rescue opera-
tions, but emphasized that the
response seemed to be going
more smoothly than the one
three years ago,

"'T have every expectation
that we will not see the mistakes
of Katrina repeated," he said.

The Bush administration's —

handling of that storm con-

All new vehicles backed by GM's 24,000 mile/24-month factory warranty.

cCain orders
convention

hurricane |

tributed to a plunge in the pres-
ident's approval ratings that
helped the Democrats win con-
trol of Congress in.2006.

The uncertainty contrasted
with a state of readiness inside
the Xcel Center, a hockey arena
transformed into a made-for-
televison red-carpeted conven-
tion hall. Thousands of red,
white and blue balloons nestled
in netting high above the floor —
to be released during final-night
festivities if the Republicans
decide to go ahead with them.

Outside, police took nine

people into custody for cross-
ing a security barrier in an anti-

war march. The nine, including
two women in their 70s, were

charged with trespassing,

according to Doug Holtz, a St.
Paul police commander. '
Emphasizing their concern

’ about the hurricane, McCain

and his newly named running
mate traveled to Mississippi for
a tour of the state's emergency
management center.

"'T pledge that tomorrow
night, and if necessary through-
out our convention, we will act
as Americans, not as Republi-
cans,’ ‘McCain told reporters
moments later.

The events temporarily over-
shadowed a more traditionally
political pre-convention debate
over McCain's decision to name
Palin to his ticket. She was may-
or of small-town Wasilla, Alas-
ka, for six years before she
became governor in DecemD-
ber 2006.

Responding to a question

after his hurricane-related

remarks, McCain made a ring-
ing defense of Palin, who

_in office.



‘Stephan Savoia/AP

REPUBLICAN PRESIDENTIAL candidate Sen. John McCain, R-Ariz., stands next to his wife Cindy before announc-
ing there will be changes to the Republican National Convention due to Hurricane Gustav during a media availability
outside the Mississippi Emergency Management Agency in Pearl, Miss., Sunday, Aug. 31, 2008.

Democrats argue has less expe-.

rience than their presidential
candidate, Barack Obama.

"T thin Sen. Obama, if they
want to do down that route, in
all candor, she has far, far more
experience than Sen. Obama
does,'' McCain said: —

He cited Palin's stint as gov-
ernor of a ''state that produces
20 percent of America's ener-
gy'' as well as her previous
membership in the PTA and
her time spent on the city coun-

cil and in the mayor's office in’

Wasilla,a town of fewer than

7,000 people outside Anchor- |

age.

By contrast, he said Obama
“was a community organizer
when she was in elected office.
He was in the state Senate and
voted 130 times present. He
never took on his party on any-
thing. She took on a party and
the old bulls and the old boy

‘network and she succeeded.''

Palin has frequently clashed
with fellow Republicans in her
state, and won office after deny-
ing an incumbent GOP gover-
nor renomination to a new term

But Democratic Sen: Chris

Ca ie

7" “TaNETEN

' Dodd of Connecticut said

McCain's selection was merely
designed to appease the hard-
right conservatives in the
Republican Party. ''His knees
buckled'' when it came time to
picking a running mate, Dodd
said of McCain in an appear-
ance on CNN.

McCain conferred by phone
with Govs. Bobby Jindal of

Louisiana, Bob Riley of Alaba-

ma and Charlie Crist of Florida
during the day.

Prominent

Crist, with a prominent
speaking role at the convention,
said he was staying in his home
state to tend to hurricane busi-
ness, and the others were stay-
ing home as well.

Democrats, too, decided to
tone down their convention-
week efforts.

Party spokesman Brad
Woodhouse said the Democrats
had canceled a ''More of the

Same'' rally that had been slat-

ed for Monday.

Obama said he was ready to
encourage his supporters to
assist any victims of the hurri-

Tel 328-3908

Shirley Street
www.nassaumotor.com





cane.

"T think we can activate an
e-mail list of a couple of mil-
lion people who want to give
back,'' he said.

Roger Villere Jr., Louisiana
Republican Party chairman,
said the chartered jet would fly
delegates back to their home
states and also fly back to Min-
nesota with family members
who want to evacuate the Gulf
Coast area.

''We got a large plane
because we needed it. We'll
take any delegate that would
like to go back,"' Villere said.

"The McCain campaign has
assured me this is the first pri-
ority,'' he said referring to the
hurricane.

With millions of Gulf Coast
residents fleeing the approach-
ing storm, Chadwick Melder,
a delegate from Baton
Rouge, said he was taking
advantage of an offer from the
campaign to fly his family out of
harm's way.

"I'm trying to get my family
out of there and stay here for
the week,'' said Melder,
although he added, ''I have
responsibilities here as well.''




MONDAY, SEPTEMBER 1, 2008





The stories behind the news





1
44

PLP needs its own Obama

A YEAR-OLD report
commissioned by the PLP
to find out why they lost
the 2007 general election
told Bahamians nothing
they didn’t know. But it did
remind the party that now
is the time to work on its
future, or face another

defeat in 2012.

INSIGHT reports...

@ By JOHN MARQUIS
Managing Editor

LAWYER-politician Philip
‘Brave’ Davis is said to have
shelled out between $30,000 and
$50,000 of his own money to
pay for a top firm of analysts to
probe reasons behind the PLP’s
election defeat.

Shocked by the party’s unex-
pected failure (unexpected by
the PLP, that is), Mr Davis and
his colleagues felt compelled to
get outside help in determining
what went wrong. _

Yet for just 75,cents a copy,
The Tribune last year cata-
logued the whole sorry tale in
fine detail, even providing con-
structive suggestions for the par-
ty’s future, and naming those
responsible for bringing the
government down.

There is, in fact, nothing
about the PLP’s collapse at the
polls that an average sixth-form
researcher could_not analyse
and report on within a week,
complete with short biogs of the
major culprits and recommen-
dations for their punishment.

OGreenberg, Quinlan and
Rosner, the American research
company hired by Mr Davis and
Co., reached four major con-
clusions in their detailed
appraisal, none of which made
the earth move under Nassau
town.

“Wow, we didn’t know that!”
was a phrase noticeable by its
absence as the report was
“leaked” to a local media house,
allegedly by a former PLP Cab-
inet minister.

Significantly, not one of the
radio talk shows bothered to
discuss the report, which many
leading figures in the PLP had-
n’t even read, and no-one rang
in to either challenge or sup-
port it.

As top-level, secret reports
go, it had about as much impact
on the political consciousness
of the Bahamian people as last
week’s weather bulletin from
Tristan da Cunha. Here’s what
it said:

Firstly, that former Prime
Minister Perry Christie was per-
ceived as a weak and indecisive
leader.

Secondly, that the PLP was
seen by many as a corrupt cabal
of some grubby little villains on
the make.

Thirdly; that the party’s





chances were severely eroded

_by a succession of scandals ©

involving its own ministers and
MPs.

And fourthly, that the PLP’s
base of support had narrowed

considerably, leaving the party .

badly exposed to an electorate
that now thinks before it votes
rather than blindly following
the allegiances of yesteryear.

The first point has been the
subject of so much comment in
the past that it would not be the
best use of time and space to
labour the point again.

-Mr Christie, at 65 a failed
leader with no new ideas, really
ought to step down and make
way for a new generation. His
disastrous five-year administra-
tion was little more than a mini-
reprise of the Pindling era, a
time of shame that Bahamians
really must put behind them.
Mr Christie had his chance to
lay the base for a bright new
future, but failed to do so, and
leading PLPs are now firm in
their belief that he should not
be around as head of the party
when the next election is held in
four years time.

The second point is so self-
evident that it will cause no
shock tremors in Nassau’s over-
the-hill areas, where the ram-
pant self-interest of PLP politi-
cians is well-known. The only
surprise is that.so many poor
Bahamians still offer them their
support.

The third finding, relating to
scandals, was undoubtedly the
main cause of the PLP’s col-
lapse, but the party’s downward
plunge in public esteem could

have been halted early on had *

Mr Christie shown the fortitude
required to bring errant MPs to
heel.

The lamentable Sidney -

Stubbs MP was the first to
shame the PLP government.
His behaviour at the Bahamas
Agricultural and Industrial Cor-
poration during his first few
weeks in office as chairman was
nothing less than appalling,
especially his alleged victimisa-
tion and persecution of FNM
supporters on the staff.

Then came the Korean boats
scandal, when rich foreigners
were invited to hoover up all
the nation’s fish stocks for
export to the Far East without
perceptible benefit to the
Bahamian people.

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APY still gives legendary fuel efficiency in three |
versions: ~ pick-up, panel van or passenger van.

Ue | EMULE for the Bahamas?

Had' Mt Christie ‘acted:deci-

sively then, and made an exam-°

ple of Mr Stubbs, loud shots
would have been fired across
the bows of those who, over the
next four years, did their bit in
sinking his regime.

First among them was, of
course, the former Minister of
Foreign Affairs, Fred Mitchell,
MP for Fox Hill: It is astonish-
ing to all intelligent observers
of the Bahamian political scene
that the PLP should continue
to tolerate his presence.

Banished by the FNM, dis-
trusted by Prime Minister
Hubert Ingraham, reviled by
the late Lynden Pindling, con-
demned by leading PLP mem-
bers in the past, to- many
Mitchell is like raging dry-rot
in the party’s superstructure.

There are those who think he
is more than a menace. He is a
one-man infestation. Unless
someone in the party has what
it takes to “treat” him, there is

no limit to the damage he might
cause.
The second culprit was, of

course, Shane Gibson, former

immigration and housing min-
ister, aman whose arrogance is
eclipsed only by what appears
to be his unbridled stupidity.
His behaviour in fast-track-
ing the residency permit of cov-
er girl Anna Nicole Smith, then
being caught on camera
embracing her on a bed at her
Nassau mansion was not only
acutely embarrassing, but also

deeply disrespecttul to the

Bahamian people, many of

‘whom had waited years for res-

idency status for their loved
ones.

‘The Tribune’s page one pub-
lication of those pictures, and
the subsequent worldwide expo-
sure of Gibson’s folly, was the
punch which sent Christie and
his government down for the
count.

Having been softened up by




ON-THE-SPOT-FINANCING



several hard, self-inflicted body
shots over the preceding two
years, the PLP had neither the

will nor wherewithal to with-

stand that final upper-cut.

“We knew it was all over
when that story appeared,” a
senior PLP member told The
Tribune, “We knew it was the
end. We knew we were dead
from that day forth.”

Add to that the “cash in the
closet” scandal involving Vin-
cent Peet, the Cabinet Room
fist-fight between Keod Smith
and Kenyatta Gibson, the Leila-

"gate voicemail embarrassment

created by Neville Wisdom and
you begin forming the impres-
sion that the PLP government
was, in fact, a free-for-all that
Christie could not contain.
Strange, then, that the party

‘should feel compelled to bring

in-Messrs Greenberg,, Quinlan
and Rosner, noted advisers to
the American Democrats and
other progressive political

ety





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organisations around the world,
to tell them what everyone
already knew + that the PLP
engineered its own destruction
with a mixture ‘of corruption,
scandal and incompetence com-
pounded by Mr! Christie’s fail-
ure to control: ‘unruly forces
within his own ranks.

The only real; news angle to
emerge from the report was a
comment on the noticeable
shrinking of the PLP’s base. sup-
port.

For party leaders, this‘is the
most crucial point of all because
it shows that they can no longer
rely on the rock+solid “dumb-
head” vote that) Pindling and
Co always considered theirs by
right.

Bahamians are getting
smarter by the day, mainly
because of greater exposure to
the world media, ‘and they. are
much less likely to support.a

SEE page 10B









Sates