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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This item has the following downloads:


Full Text
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| HAPPY MEAL

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Volume: 104 No.248





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SEE a: Tt tI BACK iy BUSINESS



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BAHAMAS EDITION |

WEDNESDAY, SEPTEMBER 17, 2008

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Bahamian businessman |

behind bars in Cable
Beach, expected to be
charged with fraud '

® By ALISON LOWE
and PAUL TURNQUEST

Tribune Staff Reporters —

*-RUDOLPH King Laroda,
also known as Dr Rudy King,
was being held behind bars at
the Cable Beach police sta-

tion last night and is expected .

to. be charged with three
counts of fraud.

Highly placed sources with-
in the Royal Bahamas Police
Force said that he is set to be
charged in relation to attempts
to deceive officers at three
police stations in Nassau,
telling them his passport had
been stolen when in fact this
was not the case.

The last year has been a
particularly eventful one for
the Bahamian businessman,
and chairman of the King
Humanitarian and Global
Foundation.

Last November concerns
were raised about his where-
abouts after he failed to show
up for a widely-publicised
fundraiser that he had been
scheduled to attend in Los
Angeles.


















His psychic, numerologist
Jerome Carter, said he had
“bad feelings” about’ Mr
King’s fate. .

“TJ see him in chains...I
feel he is being held against
his will,” he said at that
time.

‘It was later confirmed that
King had been picked up by
police in Los Angeles and
held in connection with an
attempt to defraud the
U.S. government of $2. 7 mil-
lion.

The impresario was indicted
_by a Federal Grand Jury on
the charge on November 16.

Meanwhile this year Mr
King has been appealing a
bankruptcy declaration in the
Bahamian courts.

The declaration was made
in the Supreme Court in 2006
when he was being pursued
by Cavalier Construction for
an unpaid debt amounting to
$824,938.

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Omar Archer

is released
from hospital

PLP activist Omar Archer
was released from hospital
yesterday having survived
life-threatening gun shot
wounds,

Mr Archer told The Tri-
bune yesterday that the
experience has reinforced his
belief that it is his mission
in life to fight for the “com-
mon man.”

As police reports con-
firmed, Mr Archer was

.| Standing on a street in Nas- |
sau Village when a vehicle

pulled up and 7 were
fired.

Mr Archer was shot in his
abdomen. As a result of the
injury parts of his stomach
— his large and small
intestines — had to be sur-
gically removed.

The political and social
activist is now back home
and recovering from his

SEE page eight











Developer's alleged
(lisregard of guidelines

left woman ‘petrified’ of
walking outside home

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

A SWORN affidavit by a

Paradise Island resident sup- .

porting the injunction against
Peace Holdings Limited, the
developers of the multi-million
dollar Ocean Place develop-
ment, describes how the devel-
oper’s alleged disregard for pre-
viously agreed construction
guidelines has left her “petri-
fied” of walking outside her
own home.

The Ocean Place develop-
ment on Paradise Island, which
its website says includes “luxu-
rious two, three and four bed-
room condominium residences
in a 12-story, 79-suite complex”,
was ordered to cease work by
Senior Justice Anita Allen last
week “until further trial or

SEE page eight



F 2 ‘I



| "Eaunaee’ & Fad
Burrito




Former Cabinet Minister
_ testifies in son’s murder trial

_ By PAUL G TURNQUEST
: Tribune Staff Reporter

pturnquest@tribunemedia.net _ -

“FORMER PLP Cabinet Min-

ister Leslie Miller broke down.
on the witness stand yesterday -

as he testified in the Supreme
Court on the first, day of-his



son’s murder trial.

Before Justice Stephen
Isaacs, a 15- man jury, and a
court room filled with press, Mr
Miller, who has often been out-
spoken on many issues, found it
difficult to formulate words as
lead attorney for the Crown
Cheryl Grant-Bethel asked him,
about the last day on which he



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_ saw his son alive.
As the court had already

waite that Mario Miller died as
~ aresult of 18 stab wounds that
were scattered-over his body,
Mrs Grant-Bethel asked Mr

SEE page eight

. Tim Clarke/T ribune staff



-RIGARDO MILLER (above) and his
brother Ryan Miller are charged
with Mario Miller’s murder.



THE OPPOSITION MAY
RAISE JUSTICE LYONS =
HOUSING RULING IN THE

HOUSE OF ASSEMBLY’

| GOVT URGED TO RESTORE
‘STRIPPED’ PRISON OFFICERS’
PROMOTIONS









© PAGE FIVE

‘BABY SEA LION
BORN AT DOLPHIN
ENCOUNTERS

° PAGE TWO
















hone 242-394-4111



heard from lawyer Neil Brath- |



PAGE 2, WEDNESDAY, SEPTEMBER 17, 2008

THE TRIBUNE



By British
D-\American

LI Yes! [| No! Our company /

October 3", 2008.

Sia

net ORE ceive» ere xe

school will participate in Lee National Denim Day On

- We will allow our employees / students to show th. eir support and in honor of a loved one on
National Denim Day by wearing jeans in exchange for a donation per person.

British American Financial encourag additional corporate sponsorship to help meet our National Breast
Cancer Awareness Goals. For every § amount donated by the Employee / Student, we hope companies /

schools will match their donation.

Company / School:
Number of Participants:
Contact Person:

Phone:

E-Mail:

Indicate #/ Item below:

re S [| M lie ‘ft [ aE [| 2XL [|
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Fax# 328-8994 or E-Mail: ccox@babfinancial.com

Denim Day Questions? Please call 328-8996 / 328-8396/7
Please make cheques payable to British American Financial

Re: National Breast Cancer Awareness

Thank you for supporting the National Breast Cancer Awareness Initia tive Fund, the Bahamas
Cancer Society and the Sister, Sister Cancer Support Group.

Get the door.
It’s Domino’s.



Baby sea lion born at
Dolphin Encounters

DOLPHIN Encounters yester+
day announced the birth of the
first California Sea Lion ever to
be born in the Bahamas.

To mark the occasion, the baby
sea lion was named in honour of
Sir Milo Butler, the first Gover-
nor General of the Bahamas.

Milo, a healthy male Califor-
nia Sea Lion, was born at the
marine mammal facility a few
months ago weighing 16 pounds.

His much anticipated birth
marks several important firsts —
he is the son of first-time mother
Magnolia, known as Maggie, and
first-time father Murray, both
part of the marine mammal fam-
ily at Dolphin Encounters.

“Milo has been a healthy,
extremely playful baby sea lion
since he was born,” said Robert
Meister, managing director of
Dolphin Encounters on Blue
Lagoon Island.

“We are very proud of him. His
parents came to Dolphin Encoun-
ters in September of 2006 after
Hurricane Katrina had destroyed
their home in Gulfport, Missis-
sippi. Milo’s birth is a confirma-
tion that the animals are well-
adjusted to their environment and
continue to thrive.”

“Maggie has been a terrific
mother beginning with giving
birth,” said Kim Terrell, marine
mammal director of Dolphin
Encounters.

“She is a first-time mother, but
has done everything correctly.
From nursing, disciplining her
new pup, protecting him and
keeping an eye on his many
antics. Like any new mother she
has her ‘hands’ full — he’s a busy

_ little guy and we are.so pleased

and honoured to have him be a
part of our animal family. He con-
tinues to grow and is now a very
healthy 39.5 pounds.”

For Ms Terrell, Milo’s birth has
even more meaning. The former
director of training at the Marine
Life Oceanarium and Marine
Animal Productions in Gulfport,
Mississippi, for 15 years, Ms Ter-
rell has known Murray since he
was born and knew Maggie’s rel-
atives. She also followed their
progress through Hurricane Kat-
rina and was responsible for find-
ing them their new home at Dol-
phin Encounters in the Bahamas.

“Watching Milo being born just
a year and a half after his parents
came to live at Blue Lagoon
Island was emotional,” said Ms
Terrell. “It is our first generation

PROUD
mother
Magnolia
and baby
ilo.
began to
| immedi-
ately bond

THE BABY SEA LION and his mother take a nap — Milo is a very -
active sea lion pup that explores ‘his Fay tonipert and Keeps his



of sea lions and it confirms that
they have completely adapted to
their new home and that‘is an
extraordinary accomplishment.”
Dolphin Encounters’ success-
ful dolphin breeding programme
has produced many successfui
dolphin births and has a survival
rate that is double that of similar
programmes around the world
and more-than double the sur-
vival rate found in the wild. The
success of the programme is a
result of the environment pro-
vided and the care received,
including veterinary supervision,
training, nutrition and the appro-
priate environment for socialisa-
tion, Dolphin Encounters said.
“Marine mammal.breeding has
uncertain outcomes, but we’ve

‘had tremendous results with our

dolphin calves, and now with the
birth of our first sea lion pup
Milo,” said Ms. Terrell.

“Also, the fact that 11 of our 18
dolphins were successfully born
to our facility speaks for itself.
Dolphin Encounters now has first
and second generation dolphins
that were born on Blue Lagoon
Island. Milo is the beginning of
the first generation of sea lions
born to our sea lion family.”

The baby sea lion is quite a
character and has already become
very popular with the many
school children who participate
in the Dolphin Encounters —
Project BEACH educational pro-
grammes as well as with guests
who enjoy the new Sea Lion
Encounter programme intro-
duced earlier this year.



—



THE TRIBUNE WEDNESDAY, SEPTEMBER 17, 2008, PAGE 3.

o mbrief The Opposition ‘may





Murder suspect

granted hail

MURDER suspect Stephen :
Stubbs, who goes by the alias :
“Die”, was granted bail in con- :
nection with the “execution style” :
slaying of the alleged drug dealer :

Samuel “Moochea” McKenzie.

However, before Stubbs could :
see the light of day, he was :
charged on Monday with threat- }
ening the life of a prison officer :

and taken back into custody.

Moochea was gunned down on :
November 23, 2007 on Wilson :
Street in a hail of bullets. “Die” :
Stubbs 33, was arrested shortly :
afterwards for questioning in con- :

nection with the murder.

At the time of this killing,
Stubbs was reported to be out on :
bail for another crime related :

matter.

The Tribune understands that :
shortly after Stubbs received bail, :
he was back before the Supreme :
Court for allegedly threatening :
the life of Dwayne Forbes on :

Monday, September 15.

Eleven witnesses are listed on :
the court dockets, including three :
police officers, two corporals, one :

detective, and two sergeants.

‘Boy hit hy truck

i By DENISE MAYCOCK

Tribune Freeport Reporter :

FREEPORT - AN eight-:
year-old boy, who was struck by :
a truck on his way home from :
school in Marsh Harbour, Aba- }
co last week died in the {nten- }
sive Care Unit at the Princess. ;

Margaret Hospital.

Malik Fenelus, a resident of |
the Mud, Marsh Harbour, is }
Abaco’s third traffic fatality for :

the year so far. ;

Chief Superintendent Basil :
Rahming reported that the acci- }
dent occurred at around 3.55pm :
last Thursday along Bay Street !

in Marsh Harbour.

According to police reports, }
Malik and his sister Brianna :
were on their way home from :
the Central Abaco Primary :
School. While in the vicinity of :
the Auskell Medical Clinic, they :
suddenly ran towards the south- :
ern side of ihe road and were :
struck by a white Dodge Ram ;

Truck

Mz Rahscing said the driver, a}
resident of. Murphy Town, Aba- ;
co, stopped and immediately }

called the police.

Both children were injured :
and ‘transported to the Govern- }
ment Clinie by emergency med- :

ical personnel.

Brianna was treated and later :
discharged, however, Malik’s :
injuries were far more serious. }
He was airlifted to New Provi- }
dence and treated in the Inten- }

sive Care Unit at PMH.

Ho finally succumbed his ;
injuries days after the accident. :
Mr Rahming said Traffic }
Police are conducting an inves- }

tigation into the accident.

8 BAHAMAS INTERNATIONAL
LITERARY FESTIVAL FORUM

THE Bahamas International }
Literary Festival is hosiing a liter-

ary forum on Thursday, Septem-

ber {8 at 6.30prn at the College of }
Chapter One Book- }

the Bahamie
store on Thorapson Boulevard.
The foruns will address the role
oi thew ia society. The panei
includes tan Strachan, Nicolette







Bethel. Gbediah Smith and Alex :-

Morle vi



raise Justice Lyons
housing ruling in
House of Assembly’

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

THE Opposition is reviewing a
Supreme Court ruling which
reignited the housing controversy
surrounding Minister of Labour
and Social Development Dion
Foulkes and may raise the issue in
the House of Assembly, former
Minister of Foreign Affairs Fred
Mitchell told The Tribune yester-
day.

"The matter was raised in our
party caucus on Sunday; the judg-
ment of Justice Lyons is being stud-
ied to see what the-position is on
the law. And then some additional
research is going to be done and I
would expect whether it is done in
the House of Assembly — I'm not
certain whether it will be tomor-
row because we want to understand
the full (extent) of all the issues,
and then there will be some kind of
statement from (the party) com-
ing," he said after a press briefing

official statement on the issue is in
the works.

"Tt wouldn't be right for me giv-
en what I've said about the issue
being studied to say what official
call will come from the PLP, but
suffice it to say I think people are
looking at it quite seriously because
it is a matter of seridus concern," he
said.

Two weeks ago, Justice John
Lyons ruled that selling lots in
unapproved subdivisions is a crim-
inal offence and denounced lawyers
who facilitate people selling or pur-

‘chasing land in proposed subdivi-

sions that lack full approval from
government to go ahead.

Justice Lyons ruled in a separate
case that a group of people who
had been sold lots.in a proposed
subdivision before it had approval
did not have any legal right to the
land they thought they owned
because their contracts were “void
for illegality.”

He also said Parliament’s deci-

sion to pass a law declaring that



at the House of Assembly yester- government must give final
day. approval for a subdivision to go

Mr Mitchell would not say ifthe ahead before lots are sold within it
party plans to call for the embroiled was made specifically to avoid
minister's resignation but did sayan naive members of the public from

‘Explosive Meitormitccntecmie
Ne ee cae

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





THE explosive PLP branch meetings that have been taking place
lately are simply proof that people are excited to be in the party, a
senior PLP said yesterday. ‘,

Fox Hill MP Fred Mitchell denied that the disagreements are evi-
dence the party is falling apart. |

The former minister of foreign affairs, who served as a branch
chairman in the 1970s, said the internal wrangling at two recent PLP
branch meetings are part of a "healthy" democratic debate that will
only strengthen the party.

"T have a lot of experience in branch meetings and they get fractious
and there's a Jot of cut and thrust. What I say is that.it seems to me that

“an exciting dynamic is at work. Scores of people are fascinated and
interested to be within the PLP. :

" And that's the thing that heartens me. I believe. that this cut and
thrust is good for democracy and that it will inure to the benefit of the
PLP ultimately," he said.

When asked about speculaiion that the party is falling apart, Mr
Mitchell said: "Absolutely not, I don't see it as tearing the party
apart at all. My view is that politics gets heated. .. And no one thinks
that the party is going to be ripped a part because of that. We're all
PLPs and it's.a good sign that people want to fight for positions in the
PLP arid we're going to have a good set of.candidates in the next elec-
tion and there's a transition taking place. Obviously younger people
are coming in, so J think it’s a healthy debate". _

Some observers say PLP chairwoman Glenys Hanna-Martin has
struggled to maintain control within her party over the selection of offi-
cers to the National General Council (NGC) through their branch elec-
tions. The Kennedy, Marathon, and St Cecilia constituencies are
where Mrs Hanna-Martin has received strong opposition.

_ At the PLP's special branch meeting for the St Cecilia Constituency
last week, PLP activist Ricardo Smith jeered at Mrs Hanna-Martin
from outside the meeting room, linking Mrs Hanna-Martin with oth-
er high ranking PLPs in a "grand conspiracy" to oust party leader Per-
ry Christie. |

His comments were audible to persons inside and outside the ;
room.

As Mrs Hanna-Martin tried to maintain her composure, some in |
attendance confronted her, asking why she had not brought 4 copy of
the challenge made in response to attorney Paul Moss' election to the
National General Council (NGC). Some members of the branch are !

‘calling for fresh elections to determine party officers for that con-
stituency.

During a meeting Thursday night the entire branch of the Marathon |
constituency reportedly walked out on the PLP chairwoman.

The Tribune understands the NGC voted “in an overwhelming

-majority” to have the Marathon Branch hold a run-off election agaia
for the branch’s chairman.

Mrs Hanna-Martin: has since denied she is trying to divide the
PLP through their local branch elections, calling that assertion “utter
foolishness”. :

Another council meeting is scheduled for Thursday and Mr Mitchell
said he assumes all sides will deal with the NGC issues "in the best
interests of the party”.

The PLP is also preparing for a national convention in late October.






being exploited.

Last year, Mr Foulkes was
accused of failing to properly rep-
resent two of his clients who say
they lost tens of thousands of dol-
lars after getting mortgages to buy
property in a subdivision that was
never fully approved by the PLP
government. :

Mr Foulkes responded, saying
he had done nothing wrong and
sought legal counsel to counter
those “defaming his character.”
The matter was never brought
before the courts.

His client was one of 11 who had
taken out loans to purchase lots of
land in a proposed subdivision,
Stephen’s Close on Cowpen Road,

-a development where construction

began with only “approval in prin-
ciple” from the Ministry of Works.

A dispute over the incorrect
positioning of electrical poles, and

other technical issues resulted in

the work being stopped by the Min-
istry of Works in late 2005. Eleven
persons complained that they were
left to pay off loans on partially
built homes in a subdivision with-
out completed infrastructure.

Late last year, Omar Archer —
who ran for the chairmanship of
the PLP — and former PLP cabi-
net minister Bradley Roberts, who
was Works Minister when the stop
order was issued, called for Mr
Foulkes’ resignation over the mat-
ter. /

When contacted by The Tribune
last week, Minister Foulkes insisted
that he and his former law firm did
nothing improper. He said his for-
mer clients received “good and
legal title to the lots.” He added
that “their case is against the devel-
oper.”

Developer Denise Burrows,
who bought the property in ques-
tion in early 2004, said over the
weekend that throughout the
process of getting the development
on track again, she has been in con-
tact with her clients, worked dili-
gently with her lawyer, the Min-
istry of Works and the financial
institution “to bring resolution to
these matters.”













Tim Clarke/Tribune staff

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PAGE 4, WEDNESDAY, SEPTEMBER 17, 2008

THE TRIBUNE

Embargoes





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.) LLD,, D.Litt.

Publisher/Editor 1919-1972
Contributing Editor 1972- ae

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

Published Daily Monday to Saturday

Shirley Street, PRO. 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





ENVIRONMENT Minister Earl
Deveaux, meeting with his department
heads on Monday to plan the Bahamas’
first Environmental Partnership Forum to
be held at the end-of-the month, announced
that Bahamians will have to be forced to
take responsibility for all of the “eeu
and filth” in this country.

It is a shame that a country’s citizens
are so devoid of civic pride that they have
to be forced tobe clean. |

But, unfortunately, too large a segment
of our population either are not aware of

: their dirty surroundings and their contri-
bution to it, or are sitting around waiting
for someone else to come and clean up
after them.

It would seem that their natural indif-
ference might have been reinforced by
the late prime minister Pindling when he
vowed that when the PLP came to power
they would no longer be “hewers of wood
and drawers of water.”

At one time we had strict littering laws
‘and we had a cleaner island. In the early
sixties there was a political brouhaha when
the UBP government continued to enforce
those laws.

We suggest that if the littering laws were
resurrected and enforced today; not only
would the island be cleaner, but the Trea-
sury would be richer.

Someone who flew to Mathew Town,
Inagua, last week was not only surprised at
how dependent Inaguans were on the Mor-

- ton Salt company for their livelihood, but
‘how they seemed to be sitting around wait-
ing for someone to come in and clean up
their hurricane wrecked island for them.

The person making the observation —
five days after the hurricane — said that the

US Coast Guard station stood out in a)

contrast to its surroundings.

Other than being minus its roof, no one
would have known that a hurricane had
almost flattened it.

The station was spotlessly clean, every bit

_..of debris around it had been cleared away.
By contrast the Bahamasair office was still
as had been left by passing Hurricane Ike.
No attempt had been made to remove the
debris, just as nothing had been done by
any of the locals to try to clean up their

town.

VOLVO
PEUGEOT

HYUNDAI PONY
HYUNDAI EXCEL
HYUNDAI STELLAR

Bahamians have to Keep island clean











No local volunteer, we were told, had
come forward to organise a clean up cam-
paign.

A Coast Guard cutter was off the island.
About 10 of its men came ashore, cleaned
up their station.

Washing away the mud, they removed all
the fallen leaves and other debris.

They then moved on to the water and
sewerage plant where they helped get
water to the settlement.

Then it was on to the Anglican Church,
which had also been badly damaged, to
help put that in order.

They were setting an example for the
locals, but no one seemed sufficiently
impressed to volunteer to follow their lead.

Seeing the Americans working so hard,
the young man from Nassau, turned to a
local and asked him why the people of
Inagua were not helping with the clean up.

“The union has probably told them that
it is hazardous work!” came back the sar-
castic reply.

“Tt looks like they are sitting down wait-
ing for someone to come in and do it for
them,” we were told.

“The Administrator now has to organise
work crews to clean up the town, no one
has thought of volunteering.”

What an indictment of an island’s peo-
ple. ;
This reminded the young man of the

‘passing of Hurricane Andrew in 1992,

which badly damaged settlements in North
Eleuthera. He recalled his disgust and that

of his friends, who went from Nassau to

help put roofs on the ho::ses of locals, when
they saw “British sailors, wearing shorts

‘and army boots, some with caps to protect

them from the sun, others with sunscreen

lotion, carrying back packs and chain saws,

cutting down trees, repairing buildings and

_ doing really hard labour, while the locals

watched.”

. Is this ari admission that more than 160
years after the abolition of slavery many of
our people are still looking to “massa”. to

‘jump start their lives? Surely, by now they

have more self respect.

We hope they will take Minister
Deveaux’s suggestion and start removing
the dirt and grime from their community,
before he has to force them to do it.




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should be lifted.
in the face of
disaster

*

EDITOR, The Tribune.

_ Hurricane Ike has devastat-
ed Cuba! The images in the
media are terrible! Damage is
incalculable! People have no
potable water and no electricity
to cook what little food they
may find.

The few stores that sell
canned foods are owned by gov-
ernment that sells the items in
dollars, insensitive to the fact
that the average Cuban could
never afford to’ purchase food in
dollars, because one item of
purchase might equal his salary
earned in one month!

To add insult to injury prices
have now doubled the regular
price. Already many acts of van-
dalism have taken place in
many of these stores due to the
desperation of the people. As
a result of these acts, the army
has moved in and has taken
away the food on the shelves.
So there is no food in the stores
at all, even for the few Cuban
families who might be finan-
cially able to purchase at least
some goods.

Communication with our
families is impossible. The reg-
ular phones aré out of service.
The few persons in my village
who have cellular phones are
being controlled by the police to
prevent the world from know-
ing the real truth: The Cuban
government is not helping the
people in this crucial time of
crisis, and it is not responding to
the immediate needs of the vic-
tims of the storm. No one seems






ase

letters@tribtinemedia.net

to know what has happened to
the famous, help from his so-
called favourite friends, Russia
and Venezuela.

After the entry of Venezue-
lan oil to the island, Castro pro-
hibited the use of liquid gas in
the homes of his people. Cuban
families were left to the mercy
of electric stoves...And when
there is no electricity, there is no
food.

The sister Republic of Haiti
that has also suffered disastrous
effects in the passing of two hur-
ricanes, is receiving interna-
tional help. Cuba, on the other
hand; is rejecting help from the
Red Cross, the United States
and from many independent
organisations.

Castro and his brother are
using this natural disaster to
campaign against the United
States’ embargo. The govern-
ment is taking advantage of the
cries of thousands of Cuban
families to make politics. But
this is no time for politics. This
is the moment to put pride to
the side and think on the dire
situation of the people in Cuba.

Furthermore, I believe that
the best thing that Castro’s gov-

‘ernment can do for the people

right now is to first raise the
embargo that he has created for
us, the Cubans. At a moment

like this he should allow all
Cuban family members abroad
to come to the island without
restrictions and, in particular,
he should revoke the outra-
geous'20 per cent embargo he
imposes on the money we send
to our families. That is indeed
the embargo that should be

raised as a gesture of good will ~ “:-

in the face of such a disaster.
This is the embargo that harms
all of us.
Yesterday I called the Cuban
Consulate in Nassau to ask if
any plan of assistance has been

created to mediate between the *

two embargoes: the external
and the internal one, so that |
who live in the Bahamas can
send some help to my people.

Mr Ambassador responded
that there was no such plan and
that everything will remain the
same.

He added that the Embassy
has opened a general account

in a bank in which I can deposit ’

oy SeEorey

my monetary help, of course .. |

with a 20 per cent embargo.

The only thing left for me to

do is to resort to something that .. .

has never had an embargo; and
that is, my faith in Ged and in
prayer.

DR JOSE A LOPEZ
Cuban Political
_ Refugee in the Bahamas

Nassau,
September 13, 2008.

We do not need 24-hour shopping

EDITOR, The Tribune.

Before the obvious campaign
that has been quietly launched to
obtain Government’s approval
for not only opening all day on

Sundays but also opening 24/7 °
(open 24-hours a day) gains |

momentum may I empathetically
object to this.

Prime Minister: We have a
totally collapsed society, please
do not put the last nail in the cof-
fin. We do not need 24-hour
shopping.

I was against the development
initially for longer Sunday hours

of opening because, firstly, it real- .

ly is not necessary except for
those of us who are simply. lazy
and cannot or are unable to
organise their lives to programme
shopping between Monday and
Saturday.

ee,







I was against allowing the con-
venience stores attached to the
gas stations being open all day on
a Sunday as this discriminated
against every other duly legally
licensed business — surely it is
important to uphold law and
order, or is it?

The push coming from Robin |

Hood Mega Markets is obvious,
but many questions must be
asked as to the real why and the
real intent of the owners,
unknown, of Robin Hood?

Most of us probably have seen
the television caméo on Robin
Hood and I ask a specific ques-
tion.

Where in your store do you
have ‘antiques’? I have looked
carefully at your Chinese furni-
ture and they are certainly not of
any dynasty so they are liable to
Bahamas customs duty.

Pricing at Robin Hood? Ladies
watch every week I am seeing
prices going up — subtle but
watch.

Talking about food prices —
the letter by H Adderley in our
local tabloid on the pluses of the
two stamp programmes certainly

AS a

privately-owned,

is valid and I support Mr Adder-
ley’s position that the businesses
that have this opportunity should
be encouraged to set-up extra dis-
counted specials with their stamps
on bread-basket items.

Personal debts — to my knowl-
edge the government is not
responsible for my personal debts,
or, if it is, please advise.

The statement attributed to the
Prime Minister this week ‘that
government was considering pro-

posals to assist those who finan- ~

cially could pay their bills but for
example are now seriously in
arrears with BEC to establish
some method where the Public
Treasury will pay those bills and

then the people pay back the |.

Treasury.

If you believe that, Prime Min-
ister, you have totally lost your
senses — look at the Ministry of
Education Scholarship scheme 48
per cent of all recipients are in
arrears and, I understand, that
the majority are civil servants.

T BURROWS

Nassau,
September 12, 2008.

mid-sized

Bahamian Company and the authorized”
Caterpillar dealer in the Bahamas, we
are seeking an Electrical Technician. The
candidate/s should have proven experience

in Generators with more than
Switches,

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Applicants with formal education in electri-

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Send complete resume with education
and work experience to:

M&E Limited, P.O.Box N-3238,
Nassau Bahamas, Attention:
Human Resources Department,

or email:me@me-ltd.com

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THE TRIBUNE

WEDNESDAY, SEPTEMBER 17, 2008, PAGE 5



MT

© In brief Govt urged to restore ‘strippe

a ceetececceccccseeescceceeceeesecsecerseesesebenseaeeseaeeeeee®

GB Power Company
restored to full power

THE Grand Bahama Power
Company main generation
plant shut down on Monday
afternoon due to equipment
failure on their 69KV line,
causing an island wide black-
out at 2pm.

The shut-down was a pre-
cautionary method to safe-

- guard the assets of the gener-
ating units at the plant.
Restoration began at 2.40pm
and was restored to the island
on a priority basis. Power was
restored to 70 per cent of the
customers by 5pm, with the
majority of the island return-
ing to service by 7pm and all
power was returned by 12.35
am yesterday morning.

The Grand Bahama Power
Company apologised for the
inconvenience caused to the
public, but assured their cus-
tomers that the plant shut-
down measures are in place to
prevent costly damage to the :
generators and are in keeping :
with industry standards. q

Grand Bahama Power Com-
pany is a totally integrated util-
ity company serving the island's
50,000 residents and commer-
cial establishments from east
to west.

North OMS coo airport AC ‘need fixed urgently’

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

THE GOVERNMENT must “as a matter of

4 By TANEKA THOMPSON
Tribune Staff Reporter
thompson@tribunemedia.net

FORMER Foreign Affairs
Minister Fred Mitchell urged
government to restore the pro-
motions of "stripped" prison offi-
cers or face legal action.

A number of officers at Her
Majesty’s Prison were promot-
ed by the PLP on May 1, 2007 —
the day before the general elec-
tions — but were deemed irregu-
lar by the current administration.

The FNM questioned the legit-
imacy of the promotions and did
not honour them. .

Speaking at a press briefing on
public service and foreign affairs
issues in the Opposition Com-

mittee Room yesterday, Mr -

Mitchell insisted the promotions
were properly done and argued
that the PLP authorised the pro-
motions with the view that the
paperwork would “catch up"

‘with the promotions.

"They're quarreling with the
fact that the promotions took
place on the first of May. How
that causes to make them irreg-
ular, I have no idea,” he said.

Mr Mitchell said a note from
the prison superintendent
showed that Her Majesty’s
Prison was contacted by the

chairman of the Public Service ,

Commission who indicated that



Fred Mitchell

the officers had been promoted.

The superintendent then
reportedly contacted the perma-
nent secretary at the Ministry of
National Security who said the
paperwork would catch up after-
wards, Mr Mitchell said.

On this basis, the prison super-
intendent posted these promo-
tions on the prison notice board,
he said.

"The FNM then comes to
office and several months later
decides that the promotions were
irregular — that the people were
not qualified for the promotions.
And so suddenly people who
were simply waiting for the
paperwork to catch up, which is a
normal practice in the public ser-

should not be happening as far as I am concerned,”

he said.

The council member said he feels sorry for those

who have to pass through the airport and particularly
for those who work there.

urgency” fix the partially collapsed public dock in
North Eleuthera and the broken air conditioning in
the airport before the winter tourism season gets
underway, a Harbour Island council member said.

The air conditioning at the airport falls under the
responsibility of Civil Aviation, while.the dock’s
care is that of the Ministry of Works.

Council member Patrick Barry said that the run-
down state of these facilities presents a “bad picture”
to “Briland’s many visitors and is a shame consid-
ering the progress that has been made in other
areas.”

Mr Barry claimed he was told by then Minister of
Works Earl Deveaux in April that the contracts to
fix the dock, which the council member said is in a
“dangerous” state, were being put out to tender.

Just four weeks ago, Mr Deveaux’s successor
Neko Grant allegedly said the same thing, Mr Bar-
ry said.

“Tt looks like we can’t get anything done. This has
been going on for over a year. North Eleuthera is
next to Marsh Harbour, Abaco, as far as revenue is
concerned.

‘We are a touristic area up there and these ngs i

CREDIT SUISSE

“Right now all they’ve got is a couple of fans gen-
erating hot air. The season is supposed to begin in
early November or late October and I don’t know

why the government hasn’t done anything about’

this.”

Mr Barry said that he has been informed that the
equipment necessary to fix the air conditioning has
been at the airport for some time and all that is
required now is “a couple of thousand dollars to
put it into the terminal.”

The Tribune left a message for Deputy Director of
Civil Aviation Ivan Cleare yesterday, but it was not
returned up to press time.

Minister Grant admitted that. the public dock,
kriown as the Three Islands Dock, is in an “unac-
ceptable” state.

He said the government is “actively reviewing
(its) options” as they relate to the dock and is cur-
rently assessing the cost of the repairs.

The government, Mr Grant said, will be “address-

ing it in short order,” although he could not give a

timeline for when the dock will be restored.
“T assure you that it is being given my personal

. attention,” he.added.

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vice, were told that they were
stripped of these promotions.

“From our point of view, on
the face of the record, it appears
to us that everything was regu-
larly done. And so we have to
hold the government's feet to the
fire on this issue,” he said.

Mr Mitchell said he has written
to the Public Services Commis-
sion and Minister of National
Security Tommy a on
the issue.

The Commission and the min-
ister have yet to rectify the situ-
ation, he said.

The officers’ only recourse
now is to write the Commission
once more with the intent of get-

Bank
Financing
> Available

ting a deadline for their promo-
tions or take legal action, Mr
Mitchell said.

"My instructions are now to
proceed by writing them again,
with some sort of finite deadline
in mind. And once that finite
deadline is past, then we will
have to take some action in the
courts to ensure that these peo-
ple get justice in the circum-
stances."

So far, three prison officers
have contacted him about tak-
ing legal action against govern-
ment, he said.

_In June, Minister Turnquest
said his ministry was Foyle Wire.
the promotions.

d’ prison officers’ promotions

Attempts to reach Minister
Turnquest, who was in Cabinet
yesterday, and the Permanent
Secretary at the Public Service
Commission Donnella Sands
were unsuccessful up to press
time last night.

Messages left for Chairman of
the Public Service Commission
Hugh Sands were also not
returned up to press time.

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PAGE 6, WEDNESDAY, SEPTEMBER 17, 2008

THE TRIBUNE



Pennsylvania

fire engine
donation —
for Bimini

A FIRE engine from west-

ern Pennsylvania is being
donated to the Fire Services
Department in Bimini.

The fire truck, donated by

Prison officers’ rally urges
young people to ‘walk away

@ By LLOYD ALLEN

ers will decrease as a result this

presented during school assem-

the non-profit organisation rally. blies. We want to get the message HEL presentation to Ii Hai f Turnquest
Fire Rescue Development OFFICERS at Her Majesty’s He explained that the event, out.” : "
Programme, will be used Prison will host a special anti- _ which will take place this Thursday Recently the prison also began |

in Alice Town, the Associat-
ed Press reported
yesterday.

The Vandergrift Volun-
teer No. 1 Fire Department
in Pennsylvania sold the
1983 truck for $4,050 on the
internet auction site eBay to
the Fire Rescue Develop-
ment Programme, which
helps equip firefighters in
developing countries.

Officials in Vandergrift,

outside of Pittsburgh, bought

the truck new for $56,000,
but said although it still

works, it no longer meets the
local performance standards. :

The Vandergrift depart-
ment and others also donat-
ed some equipment with the
truck.

PROSPECTUS

crime rally this week.

The rally’s intended message
for young people is “just walk
away.”

Prison public affairs co-ordina-
tor Sergeant Rolean Smith said,
“Although the vast majority of
young people are decent, law abid-
ing and purposeful, the fact is that
school violence is a challenge that
we must all seek to overcome,
through our collective will and
united efforts.”

Just last week Superintendent
of Prisons Dr Elliston Rahming
reported that 7 per cent of inmates
incarcerated in Her Majesty’s
Prison between January
and August of this year were juve-
niles.

Sergeant Smith said he hopes
that the number of youth offend-

at the Kendal G L Isaacs Gym,
will host selected prisoners who
will use the forum to talk about
their personal experiences lead-
ing up to their imprisonment.
More than 2,000 high schoolers
are expected to attend the event.

Message

The message of the forum will
be “crime doesn’t pay.”

After hosting a similar event in
March with limited success,
Sergeant Smith said that this latest
rally is being targeted to as many
schools as possible.

Plans are also in motion for the
distribution of'a DVD recording
of the event.

“The event can be recorded and

THE GOVERNMENT OF THE COMMONWEALTH OF THE BAHAMAS
BAHAMAS REGISTERED STOCK 2028, 2029, 2030, 2031, 2032 and 2033

a mentoring programme entitled
“Partners Against Crime Initia-
tive.”

Having already been established
in a number of schools, Sergeant
Smith said it is the prison’s inten-
tion to merge the existing pro-
gramme with a similar one by the
international organisation called
Student Against Violence Every-
where (SAVE).

“As a follow-up to this rally we
will seek permission from the Min-

istry of Education to establish :

SAVE chapters on school cam-
puses throughout the islands,” he
said.

Entertainment for the event will
be provided by local music groups
including the Prison Pop Band,
Christian Massive, Positive Influ-
ence and Peter Ranks.



SIR ORVILLE TURNQUEST was presented with a token of appreciation by
Fabian Bain, treasurer of the Rotary Club of Nassau Sunrise, where he was
guest speaker. His topic was the Bahamas’ Independence. Sir Orville
described for Rotarians the Bahamas’ rich and exciting history from the
landfall of Christopher Columbus in 1492 to the present time.

THE GOVERNMENT OF THE COMMONWEALTH OF THE BAHAMAS
BAHAMAS REGISTERED STOCK 2028, 2029 , 2030, 2031, 2032 AND 2033

ISSUE OF B$100,000, 000.00 FOR OFFICIAL USE ONLY
: APPLICATION No:
Issued under The Bahamas Registered Stock Act, and authorized by Resolutions of the House of Assembly, ALLOTMENT No.
12th June, 2008. . BATE:

Applications will be received by The Banking Department beginning at 9:30 am on 8th September, 2008
and will close at 3:00pm on 18th September, 2008. Allocations will commence at 9:30 a.m. on 19th September,
2008 and will cease at 3:00p.m. on 22nd September, 2008.

If the total subscriptions exceed the sum of B$100,000,000.00 (Nominal) partial allotment will be made to

subscribers, and a proportionate refund will be made as soon as sieve after allotment.
paid on amounts so refunded.

No interest will be

The date of this Prospectus is 3rd September, 2008

The Government of The Commonwealth of The Bahamas invites applications for Bahamas Registered
The Stock will be available in a range ur maturity dates; the earliest being
repayable in 2028 and the latest in 2033. The total amount of Stock offered, the rate of interest and the issue

Stock totalling B$100,000,000.00.

The Registrar

c/o The Central Bank of The Bahamas

P. O. Box N-4868
Nassau, Bahamas

Sir:

I/We hereby apply for the following amount of Bahamas Registered Stock:

Insert below the amount applied for
in Units of B$100

price are given below :- 9/32% Above Prime Rate Bahamas Registered Stock 2028 B$

Issue 5/16% Above Prime Rate Bahamas Registered Stock 2029 BS

Rate of Interest Name of Stock _ Amount BS Price B$ 11/32% Above Prime Rate Bahamas Registered Stock 2030 BS

9/32% Above Prime Rate Bahamas Registered Stock 2028 — 10,000,000.00 100.00 3/8% ‘Above Prime Rate Bahamas Registered Stock 2031 BS
5/16% Above Prime Rate Bahamas Registered Stock 2029 — 15,000,000.00 100.00 : ; ;

/1132% Above Prime Rate Bahamas Registered Stock 2030 _15,000,000.00 © 100.00 Doge vee Ra, eee eee ee
~ 3/8% Above Prime Rate Bahamas Registered Stock 2031 — 20,000,000.00 100.00 7/16% Above Prime Rate | Bahamas Registered Stock 2033 BS
13/32% Above Prime Rate Bahamas Registered Stock 2032 20,000,000.00 100.00
7/16% Above Prime Rate Bahamas Registered Stock 2033 — 20,000,000.00 100.00 and undertake to accept any less amount which may be allotted to me/us.

100,000,000.00 :

The Stock shall be repaid on 22nd September, in the year appearing in the name of the Stock.

INTEREST

The Stock will bear interest from 22nd September, 2008, at the rate shown against the name of the Stock as
the percent per annum over the Prime Rate (i.e. the prime commercial interest rate from time to time fixed by
the Clearing banks carrying on business in the Island of New Providence in The Bahamas. If there shall be any
difference between them, then that which is fixed by Royal Bank of Canada). Interest shall be payable half-
yearly commencing on 22nd March, 2009 and thereafter on 22nd September and 22nd March in every year until

the Stock is repaid.

CHARGE UPON CONSOLIDATED FUND

‘The principal monies and interest represented by the Stock are charged upon and payable out of the
Consolidated Fund and assets of The Commonwealth of The Bahamas.

Issue of Store,

SUPPLEMENTARY PROVISIONS




The Stock will wv issued by the Registrar (The Central Bank of The Bahamas).
Applications will be
September, 2008 and

at 9:30 am on 8th
$. Allocations will

commence at 9:30 a.m. on 19th September, 2008 and will cease at 3:00p.m. on 22
September, 2008. All envelopes enclosirig applications should be labelled “Application
For Bah amas Government Registered Stocks”:



I/We enclose B$

in payment for the Stock applied for.

In the event of the full amount of Stock(s) applied for above is/are not allotted to
me/us, I/we request that the sum refundable to me/us be applied for the following Stock:

Bahamas Registered Stock BS

PAYMENTS CAN BE MADE VIA REAL TIME GROSS SETTLEMENT SYSTEM (RTGS) ,
THROUGH ALL COMMERCIAL BANKS EXCEPT FINCO, BY BANK DRAFTS PAYABLE TO THE
CENTRAL BANK OF THE BAHAMAS UP TO $50,000.00 (FUNDS IN EXCESS OF THIS AMOUNT
.CAN BE PAID THROUGH THE RTGS SYSTEM) AND BY CASH.

1. (One Person)



Ordinary Signature

Name in Full (BLOCK LETTERS, state whether Mr., Mrs., or Miss and titles if any.)



Address (Corporations etc. should give Registered Addresses )





Units The Stock will be in units of B$100.00. .
. P. O. Box
Applications . Applications must be for BS100. 00 or a multiple: of thats sum.
Application Forms Applications for the Stock should be made to the Registrar on the form attached to the
Prospectus and may be obtained from the Registrar offices in Nassau and Freeport, The
Treasury Department (Marlborough Street & Navy Lion Road, Nassau) or any of the
following banks: ,
; Telephone Nos. (H) __ (W)



Bank of The Bahamas International



















1.
2. First Caribbean International Bank (Bahamas) Limited :
3. Finance Corporation of Bahamas Limited 2. (Where two or more persons apply as joint subscribers, the additional names and addresses should
4. Commonwealth Bank Limited : bel f
5. Royal Bank Of Canada be given below.)
6. Scotiabank (Bahamas) Limited : .
7. Fidelity Bank (Bahamas) Limited (formally British American Bank(1993) Ordinary Signatures
Limited)
8. Citibank, N.A.
Names in Full
PUBLIC DEBT
Provisional estimates from the unaudited accounts as at June 30, 2008 show the Public Debt of The And/OR
Bahamas to be B$3,098,664,000.*
GOVERNMENT REVENUE AND EXPENDITURE
Address
The following information is extracted from the unaudited accounts of the Government of The
Commonwealth of The Bahamas. .
Telephone Nos.(H (W)
_ FY2005/2006p** F Y2006/2007p** FY2007/2008p** P ) ‘
BS B$ BS
Approved Budget Approved Budget ; . ;
Revenue 1,221,454,000 1,338,481,000 1,483,929,000 I/We hereby request semi annual interest to be paid to:
Recurrent Expenditure (excluding
Repayment of Public Debt) 1,149,582,000 1,285,692,000 1,385,133,000 Bank Name
Capital Development
Expenditure (excluding loans
contributions and advances Bank Branch
to public corporations) 123,454,000 166,225,000 189,731,000

** Provisional estimates from the u .udited accounts.
“* The Public Debt amount is inclu ive of The Public Corporations contingent liability which as at June
30, 2008 totalled B$419,807,000.

Account Number









THE TRIBUNE







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THE SCIENTIFIC CONSENSUS IS GLOBAL Wz. .MING WILL LEAD TO MORE DESTRUCTIVE STORMS

New US president must face climate challenge

A: we approach the
height of the you-

know-what season — with 12
named storms predicted and 10
named so far — it is worth repris-
ing the work of a science journal-
ist named Chris Mooney, who last
year published Storm World, a
book linking hurricanes with the
battle over global warming.

Mooney grew up in New
Orleans, the city that was
smashed by Hurricane Katrina
three years ago, and is the Wash-
ington correspondent for Seed
Magazine. His book presents a
scientific history of our current
understanding of hurricanes and
asks if we are making them even
more dangerous than they
already are.

His starting point is that since
the Earth's atmosphere is warm-
ing, and since hurricanes draw
their power from the heat energy
stored in tropical ocean waters,
warmer seas should (all else being
equal) produce more intense
storms.

This has enormous implica-
tions — particularly for us in the
Bahamas — because strong hur-
ricanes cause dramatically more
destruction than weak ones when
they hit land. Although that might
sound obvious at first, the fact is
that the amount of damage
increases at a faster rate than
wind speed.

"It has been estimated that a
land-falling Category 4 or 5 hur-
ricane, with maximum sustained
winds greater than 131 miles per
hour, causes 64 times as much
destruction as a Category 1 storm
(with winds from 74 to 95 mph)
and 256 times as much as a mere
tropical storm (winds up to and
including 73 mph)," Mooney
reports.

"If we're really making the

deadliest storms on Earth still
deadlier, it will represent one of
humanity's all-time greatest foot-
shooting episodes. Short of a col-
lapse of the Greenland or West
Antarctic ice sheets, it's hard to
imagine many hypothesised man-
ifestations of global warming
more likely to shock the public
or generate a call to action."
Global warming has been high
on the scientific agenda since
1988, when the Intergovernmen-
tal Panel on Climate Change was
set up by the World Meteorolog-
ical Organization and the Unit-
. ed Nations. But only in more

recent years has it become a top- '

ic of heated dinner table conver-
sation, with former US vice pres-
ident Al Gore's documentary
film, An inconvenient Truth, help-
ing to feed the popular interest.

The IPCC brings together
thousands of scientists from all
over the.world to make periodic
assessments of the state of cli-
mate science. Their latest report,
was issued last year, and its con-
clusions were reached by consen-
sus under the leadership of Dr.
Susan Solomon of the US Nation-
al Oceanic and Atmospheric
Administration.

The IPCC does not conduct
its own research — it sifts and
evaluates the existing peer-
reviewed literature to pull togeth-
er the best available scientific
knowledge on climate change. In
fact, experts say this process is
one of the most ambitious, com-
prehensive, heavily reviewed, and



“So the scientific consensus is
beginning to shift towards
those who see evidence that
global warming will produce
an upward trend in the
destructive power of tropical
cyclones.”



authoritative knowledge-gather-

ing enterprises ever undertaken.

The 2007 assessment con-
firmed the "unequivocal" warm-
ing of the climate system, as is
now evident from increases in
global average air and ocean tem-
peratures, widespread melting of
snow and ice,'and rising global
average sea level.

The report also said it was
"likely" — meaning a greater
probability than 66 per cent —
that rising temperatures were a
factor influencing the intensity of
tropical storms.

Ass Mooney outlines in his
book, more powerful hurricanes
are one of the assumed conse-
quences of global warming,
"although specific weather events
can never be 'caused' by a statis-
tically averaged change in global
climate over time, even if they
are precisely the kind of events
that should grow more common

. as global warming sets in."

Ecosystems

Global warming is caused by a
buildup of greenhouse gases (like
carbon dioxide) in the atmos-
phere which help to trap the sun's
heat. Most scientists believe that
this buildup is the result of human

activities such as the burning of |

vast quantities of fossil fuels since
the start of the industrial era:
"The warming trend over the past
50 years (0.13 degrees Celsius per
decade) is nearly twice that for
the last 100 years," the IPCC says.

This warming trend can trigger
long-term changes in the Earth's
climate that may threaten human
societies and natural ecosystems.
But when scientists began talk-
ing about cutting greenhouse gas
emissions, they implicated the for-
tunes of some of the world's most
powerful vested interests. And
before long, the petroleum and
automobile industries had organ-
ised to combat the global warm-
ing forecasters.

One of their core weapons was
to create doubt about the validity
of the science itself — the same
tactic used by the tobacco indus-
try for decades when scientific
research pointed to adverse pub-
lic health consequences from
smoking. And for a while, the cli-
mate change sceptics were pow-
erful voices — to the point of
influencing George W Bush to

reverse his 2000 campaign pledge
to cut greenhouse gas emissions.

But the pendulum has swung
recently with the collection of
new scientific data, so that even
ExxonMobil acknowledges that
greenhouse gases from smoke-
stack and tailpipe emissions are
factors in global warming. For
years, ExxonMobil had funded
think tanks that questioned the
science — and whether policies

‘to address global warining would

be cost-effective.

For example, the Heartland
Institute, an influential libertarian
think tank based in Chicago,
asserts that "environmental scares
are frequently unsupported by
sound science and are often
launched to further an anti-cor-
poration, anti-free market agen-
da. Activists use junk science to
stampede the public intg fearing
chemicals in the air, food, and
water, and the possible conse-
quences of poorly understood
phenomena such as climate
change."

But the massive destruction
caused by Hurricanes Katrina and
Rita in 2005 focused public atten-
tion on the relationship between
tropical cyclones and global
warming. And some well-known
climate researchers concluded
that warmer seas were indeed
fueling stronger storms.

‘According to Kerry Emanuel
of the Massachusetts Institute of

Technology, "There is some evi-

dence that hurricane intensity is
increasing. Records show an
upswing of both the maximum
wind speed and duration of hur-
ricanes worldwide.

The energy released by the
average hurricane (considering
all hurricanes worldwide) seems
to have increased by around 70
per cent in the past 30 years or so,
corresponding to about a 15 per
cent increase in maximum wind
speed and a 60 per cgnt increase
in storm lifetime."

A big chunk of Chris
Mooney's book details the bat-
tles in American scientific and
political arenas over whether the
unusually active hurricane sea-
sons of 2004 and 2005 were "a
portent of global warming's mete-
orological onset." Indeed, the
Bush administration went so far
as to censor government scien-
tists, editing their pronounce-
ments on climate change and hur-



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ricane intensity to reflect the offi-
cial "party line."

Mooney reports that, although
the Atlantic was less active, glob-
ally "2006 — like 2005 and 2004
— featured many incredible hur-
ricanes. That includes what may
have been the strongest southern
hemisphere storm ever observed,
and what is officially the longest-
lived intense storm. The records

set were yet again consistent with —

— though still not proof of —a
global warming-induced intensi-
fication of hurricanes. They didn't
make you certain, but they cer-
tainly made you wonder."

So the scientific consensus is
beginning to shift towards those
who see evidence that global
warming will produce an upward

trend in the destructive power of
tropical cyclones. Taking into
account rising coastal populations,
this could lead to a substantial
increase in hurricane-related loss-
es in this century, experts say.
And the consensus is really all
we have to go on, Mooney says:
"We can't pick winners — uot
unless the broader scientific
process, in which they all partici-

pate (or the bulk of them) togeth- .

er in a conclusion they strongly
and collectively accept. On glob-
al warming itself, that has hap-
pened already. On slobal warm-
ing and hurricanes; :. ..usn't."
For a world that nas endured
the Bush Administration's two-
term obstruction of any interna-
tional action to address, global

warming issues, it is interesting
to note that climate change now
looms larger than any other envi-
ronmental threat in the mind of
the American public.

And regardless of who wins
the November election, climate
change is likely to be high on the
new president's agenda.

e Storm World: Hurricanes, Pol-
itics and the Battle Over Global
Warming by Chris Mooney Har-
court Publishers, 2007.

What do you think? Send com-
ments to larry@tribunemedia net

Or visit
www.bahamapundit.com

ee



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PAGE 8, WEDNESDAY, SEPTEMBER 17, 2008

Omar

Archer

FROM page one

ordeal.

Mr Archer said yesterday
that he cannot thank the staff :
of Princess Margaret Hospi- }

tal enough for saving his life.

He especially thanked his
attending doctors and nurses :

of male surgical ward cne.

“I received better treatment
than I would have at any oth- :
er institution. I want to per- :
sonally tip my hat to these :

individuals,” he said.
“They’ve been very helpful,

very, very patient, because }
sometimes the pain was over- }
bearing and my attitude was :

just not (good).”

Before being released from

Princess Margaret Hospital,

doctors removed a bullet that
was still lodged near the :

patient’s spine.

Mr Archer said the procé- }
dure was cartied out right in ;
his hospital room and only ;
took about five to 10 minutes. ;

“They did not stitch it up :
because they want it to heal :

naturally,” he said.

Mr Archer said he is still :
experiencing a lot of discom- :
fort from his injury, but has :
started a work-out regimen to :
get himself fully back on his :

legs.

does.”

cause of the common Bahami-
an. I will not stop,” he said.

“] still intend to pursue my :
political aspirations, I still ;
intend to be the voice of the :
common man and seek out :
corruption and expose it daily. :
I am still the same Omar : .
Archer I was when I first :
came on the scene and I will }
be the same Omar Archer :
when I decide, God willing, :

to one day leave the scene.”

Marvin Newbold, 32, of }
Yellow Elder Gardens, was :
last week charged in the Mag- :
istrate's Court with the :
attempted murtler of Mr :

Archer.

The Toyota 4Runner has supreme power and atyle:| ina

FROM page one

Miller if his son had any injuries
on his body on the last day that
he saw him alive.

Mr Miller answered that his
son was in good health the
night before June 22, 2002,
complaining only of a slight
injury to his right big toe.

Following this last
encounter, Mr Miller said —
as his voice continued to trem-
ble — the next.time he saw
his son was at the hospital.

“When I got to the hospi-
tal, Helen and I, he had a lot
of stab wounds all over him,”
he cried.

Presenting him with a pho-
tograph from evidence of his

deceased son, Mrs Grant- -

Bethel asked Mr Miller if he
could identify the body that
he saw.

Fighting back tears, Mr
Miller responded: “That’s my
son, Mario.”

As Mr Miller’s testimony
came to an end, his wife
Helen, sitting by her daugh-
ter, Yasmine, sobbed quietly
in the public gallery.

THE TRIBUNE

Leslie Miller breaks
down on witness stand

Sitting in the prisoner’s
dock, charged with the murder
of Mario Miller were broth-
ers Ryan Miller and Ricardo
Miller, alias Tamar Lee.
Lawyer Romana Farquharson
represented Ryan Miller, and
Ricardo Miller is being repre-
sented by lawyer Romauld
Ferreira.

Before Mr Miller’s testimo-
ny the court also heard from
Detective James Colebrooke,
a Crime Scene Investigator.

Stating that he was on duty
at the Criminal Records
Department at the time of the
murder, Detective Cole-
brooke said he went to the
Supervalue shopping centre
in Winton where he discov-
ered the body of Mario Miller,

lying on its side in a bushy
area with wounds to the face,
neck, and over the body.
Detective Colebrooke, who
took 20 photographs of the
scene, presented the jury with
copies of each image and
described each of them in
turn. The photos ranged from
images of the street in front
of Supervalue to actual pho-
tographs of the deceased.
As Detective Colebrooke
elaborated on the images 16
through 20, which showed
close up shots of the wounds
of the deceased, ranging from
injuries to his face, chin, ear,
right shoulder, right hand, and

back, Mario’s mother Helen .

continued to dab her eyes as
her daughter looked on.

Also giving testimony was
Detective Corporal Darren
Ellis, who had collected blood
swabs from inside Mario’s
Green Infinity jeep.

Detective Ellis pointed out
suspected blood stains that
travelled from the jeep’s head-
rest, to the seat, the floor, and
finally the front handle on the
driver’s side.

Officer Howard Bethel also
gave testimony yesterday. He
said he collected DNA sam-
ples from the deceased,
including fingernail clippings
from the left and right hand,
debris from the left hand and
right foot that was all taken
to the forensic lab at police

_ headquarters.

Police Sergeant Clement

Reflecting on his brush with :
death, Mr Archer said the :
experience has solidified‘his ;
belief thet “man does not have :»
dominioa over life, but God :

“My God pulled me
through this for a reason. :
Whatever that reason is, I will :
continue to champion the

vecccccscecsecccccccecssscsscccccccccccsccssooeceeecesecesessccsaeneeesscccccocaaaneeesseseessssacaaneaanesescacessceasennesceccesanaaaasessssssscasananacenesscsesccsaneceseccessescnaauuvansocacosonsesecseuseeseuasaueuasssepeosonaaseascasosesccccogaueoeeseeseeeseeeseretee tte

Woman ‘petrified’ of walking outside home

FROM page one

order.” !

In the affidavit supporting the injunction,
made by Paradise Island resident Maria
Castrechini and obtained by The Tribune,
Ms Castrechini alleges that Peace Holdings
Limited (PHL) — in contradiction to the
eight storeys and 10 foot-high parking
garage outlined in the 2004 Agreement for
Sale that it signed with the previous owner
of the land — built a 13 storey building
encompassing a three storey parking garage.

Meanwhile, the proximity of the devel-.
opment to her own home in conjunction

with two incidents in which a block of met-
al and a plank of wood fell from the site, hit-
ting her property, have left her fearful of
walking outside during construction hours.

Ms Castrechini’s residence is alongside
Ocean Place, in a condominium complex
called the Residence Club. Her property is
overshadowed by the development, which
dominates the southern shoreline of the

_ island.

According to the resident’s statement,
PHL’s agreement with the original vendor
outlined how they could build eight,storeys
(instead of the seven first stipulated) if they
obtained “final approval from the Ministry
of Works and all other relevant govern-

mental ministries and/or agencies. .for the

structures within the project as well as a
building permit.”

Ms Castrechini’s affidavit notes that
despite attempts by her attorneys to “pro-
cure the Department of Physical Planning’s
approved plans for the project by way of let-
ter, telephone, conference and visits,” Craig
Delancy, Buildings Control Officer at. the
department, “is unable to produce the plans
without a court order requesting the same.’

The resident said the developer has “bla-
tantly ignored” the “non-obstruction line”
setback from her property, as well as other
guidelines laid out in PHL’s sale agreement
with the previous property owner and in
letters to herself.

Her affidavit further alleges that although
Cresswell Sturrup, then an employee of the
Ministry of Works, told her in May 2006

that Peace Holdings’ decisions to build ,

beyond the non-obstruction line was not
approved and he had advised the develop-
er to “immediately revert to the original
plans,” this did not happen.

She said despite calls made to Mr Sturrup. °
in July of that year anda promise he would

visit the site, he has since “not taken any of
my calls, neither has he returned them.”
The resident said in August 2006 she
turned down a “settlement sum” of
$300,000 offered to her by PHL “as he was
well aware of his gross breach of his oblig-
ations,” believing it-was inadequate.

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“The defendant’s gross violation of his
obligations has caused a severe drop in the
value of my property and any future profit
I may have gained from the sale or rental of
my home has been severely diminished,”
she stated in the affidavit.

Ms Castrechini’s lawyer, Cathleen Hassan
told The Tribune that “based on the docu-
ments we have there is reason to believe
that (PHL) has a question to answer about
whether they are authorised to build in the
manner they are.”

PHL was sued by:a contractor, Edward
Penn, for over $2 million in October 2007.
The suit also demanded that Peace Hold-
ings refrain from preventing Penn from
removing his tools and other equipment,
including a tower crane, from the Ocean
Place construction site.: ;

In March 2008, 43 illegal immigrants, of
Haitian, African and
descent, among others, were taken into cus-
tody during a raid on the Ocean Place work
site.

Peace Holdings Ltd is also developing
Skyline Lakes in western New Providence,
which will involve family lots and a retail

complex, and‘the Lake Cunningham com- .

mercial development. —

It has 27 years experience in the field, its
website states, crediting its “success” on
“relationships...carefully fostered in both
the private and pubic sections.”

Jamaican

®

Jones testified that police also
searched a white Nissan Sen-
tra, which was registered to
Ryan Beneby in which they
discovered a small amount of
suspected blood on the interi-
or door panel on the passen-
ger side.

As:a result, Sergeant Jones
said, he took a number of pho-
tographs both inside and out-
side of the vehicle along with
samples of the carpet and seat
vinyl for forensic analysis.

Constable Jermaine Stubbs
testified that he was sum-

~ moned to the Accident and

Emergency section of the
Princess Margaret Hospital
where he met one of the
accused, Ricardo Miller, who
at the time identified himself:
as Tamar Lee.

After having him sign a
release form Mr Stubbs said
he drew blood from Mr Lee
and took photographs of a
wound that was in the palm
of Lee’s left hand.

However, under cross-
examination from Mr Fer-
reira, Constable Stubbs could
not confirm when or how
Ricardo Miller had received
this injury.

“So you are in no position
to tell this court how he got
this wound, or when he got it
correct? Other than you took
a picture of it,” he said.

The trial is set to continue
today in Supreme Court num-
ber two at 10am. '

Mario Miller was stabbed
to death on June 22, 2002. His
body was found in bushes near
the Super Value Food Store
in Winton and both Ryan and
Ricardo Miller initially stood
trial for his murder in 2006.
However, in the final stages
of the trial, one of the jurors
was found to have been close-
ly connected to a family mem- '
ber-of the accused and was cit-
ed for contempt. Justice Ani-
ta Allen subsequently ordered
a retrial.

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WEDNESDAY, SEPTEMBER 17, 2008, PAGE 9

THE TRIBUNE





MRT Tea

FRANCES SINGER-HAY’ © °D, wearing her ‘I Love Amigo pin’ with Wendy Diamond, star of CBS show “The Greatest American Dog,” and

Lucky Diamond beside h. ...4 Pet Memorial in New Orleans.
Photo: Ingrid Rivera

a

RESIDENTIAL & COMMERCIAL

7. HAWKSBILL SUBDIVISION,
FREEPORT

12. GRASMERE, UNIT 1
SUSDIVISION, FREEPORT.

1. HAWKSBILL SUBDIVISION,
FREEPORT



The key to New

Orleans is accepted

on behalf of Amigo

THE Humane Society of
Grand Bahama’s honourable
chairperson, Frances Singer-
Hayward, travelled to New
Orleans to participate in the
‘Katrina Pet Memorial Service.

The event commemorated
the third anniversary of Hurri-
cane Katrina and honoured the
animals who perished in the
storm three years ago.

In a ceremony held at New
Orleans City Hall, an official
memorial was unveiled.

The memorial consisted of a
bronze dog and cat by a famed
Louisiana sculptor and a wood-
en memorial entitled,
‘ ‘They \ will never be left behind
again.”

The unveiling of the memor-
ial was followed by a luncheon
attended by representatives of
rescue groups from all over
America who had participated
in efforts to save the animals.
Ms Singer-Hayward, who had
been invited to speak by
Humane Society of Louisiana
president Jeff Dorsen, was pre-
sented the Key to the City,
which she accepted on behalf
of her beloved potcake Amigo,
who died last year after a battle
with cancer.

Amigos ties to New Orleans
are deep. The
BEKIND/Humane Society of
the United States (HSUS) cam-
paign, in which he starred, was
officially launched two days
after Hurricane Katrina struck
in 2005, making his ‘HSUS
Cause Collars’ an instant sen-
sation as people around the US
ordered them in an effort to
participate in the animal relief
efforts.

The star-studded event,
attended by Amigo’s friend
‘Tinkerbell Hilton’, was fol-
lowed by appearances on CNN,
MSNBC, Fox News and stories
in national newspapers and
magazines.

The sale of BEKIND wrist-
bands by ARF (the Animal
Rescue Fund of the Hamptons),

“a sister shelter to the Grand

Bahama Humane Society,
enabled a rescue mission enti-
tled “The Amigo Express” to
travel to Tylertown, Mississippi,
the temporary home of the
Humane Society of Louisiana.

The mission brought back a
large number of dogs and cats,
which have all since been adopt-

~ ed or reunited with their own-

ers.

ARF also arranged the “pet
lift” from Grand Bahama fol-
lowing the devastation wrought
by Hurricanes Frances and
Jeanne, saving upwards of 50
animals and finding homes for
all of them.

Events in New Orleans took
on a tragic and ironic turn, as
the city once again prepared to
evacuate its population in
advance of Hurricane Gustav.

Ms Singer-Hayward who
“rolled up her sleeves and did
what she could to help” was
struck by “the unbelievable dis-
play of love for pets,” as people,
many of them very poor and in
many instances physically chal-
lenged, lined up in the intense
heat to evacuate the animals
because they could not bear to
leave them behind again.

“T know that Bahamians

- would do the same. The deep

love for one’s animal compan-
ion is equal to the love for a
beloved member of one’s fami-
ly, making animal abuse and
neglect all the more pepe
sible.

“I know that Amigo would
have been very pleased at our
efforts to fulfil his mission, that
of making the world a better
place for all animals,” Ms
Singer-Hayward said.

Amigo starred in two consec-
utive Mardi Gras parades, as
King of Barkus in 2006 and
Grand Marshall in 2007 where
he was honoured for his contri-
butions.

He was also awarded the
ARF Ambassador of Goodwill
Award, which was presented to
him by Hollywood actor Alec
Baldwin.

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Invites application for the position of:

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At least two years experience in the hospitality
industry or closely related filed

Will be required to reside and be fully responsible
for the operation of the entire island.

Must be computer literate

Be proactive, self motivated and willing to work

long hours

Be able to lead a team of technicians with varied

trades

Be able to set the trend for timely and quality °

work performance.

Strong communications skills oral and written
Have strong organizational and leadership skills —

Applications should be email to:

Cmajor@grp.sandals.com



3

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PROPE

LOT NO. 124

PROPERTY DESCRIPTION: Single
Family Residence, 1 bed / 1 bath
PROPERTY SIZE: 5,400 sq. ft.
LOCATION: Abaco Drive
APPRAISED VALUE: $70,000

LOT NO. 152°
PROPERTY DESCRIPTION: Single
Family Residence
PROPERTY SIZE: 0.12 acres
LOCATION: Northwestern side of
intersection of Inagua Drive &
Court #3
APPRAISED VALUE: $82, 250 8. REGENCY PARK SUBDIVISION,
FREEPORT ’
LOT NO. 60 Unit 2 / Section III

2. HAWKSBILL SUBDIVISION

PHASE 1, FREEPORT

LOT NO. 57

PROPERTY DESCRIPTION: Single
Family Residence

PROPERTY SIZE: 5,487 sa. ft.
LOCATION: Abaco Drive

‘APPRAISED VALUE: $89,000

3._ QUEENS COVE, FREEPORT

LOT NO. 5 Block 25

PROPERTY DESCRIPTION: Single
Family Residence
PROPERTY SIZE: 0.22 acres
LOCATION: Property is located on
Victoria Lane south of Whitehall
Place .

APPRAISED VALUE: $170,000

4, CIVIL INDUSTRIAL AREA,

FREEPORT

LOT NO. 6 Block 5°

PROPERTY DESCRIPTION: Split
Level, Commercial Building
PROPERTY SIZE: 17,500 sa. ft.
LOCATION: Walton Street and east
of Wimpole Street.

APPRAISED VALUE: $625,000

5. BAHAMIA WEST REPLAT

SUBDIVISION, FREEPORT

LOT NO. 5 Block 17

PROPERTY DESCRIPTION: Single
Family Residence, 4 beds / 3 baths
PROPERTY SIZE: 0.28 acres
LOCATION: Northern side of a
cul-de-sac called Churchill Court
APPRAISED VALUE: $307,420

6. BAHAMIA NORTH SUBDIVISION,

FREEPORT

LOT NO. Unit 304
PROPERTY DESCRIPTION:
Condominium Apartment,

1 bed/ 1 bath : ,
PROPERTY SIZE: 650 sq. ft.
LOCATION: Fairway Manor
opposite the Golf Course

APPRAISED VALUE: $65,000

1. WINDSOR PARK SUBDIVISION

LOT NO. 29 Block 10 ;
‘PROPERTY SIZE: 0.37 acres,
Single Family Lot

LOCATION: Southern Side of
Dartmoor Way

APPRAISED VALUE: $33,000

2. DERBY SUBDIVISION
‘FREEPORT

_ LOT NO. 9 Block 17 Unit 3
PROPERTY SIZE: Single. Family
Lot, 0.30 acres

LOCATION: Queens Highway &
Dagenham Drive

APPRAISED VALUE: $33,000

"FREEPORT

LOT NO. 13 Block 2 Unit 2
PROPERTY SIZE: Multi-Family
Lot, 17,500 Sq.ft.

LOCATION: Property is located on.

Heybridge Drive 125 ft. along the
waterfront.
APPRAISED VALUE: $64,000

4. BAHAMIA WEST REPLAT,

SUBDIVISION
LOT NO. 28 Block 19
PROPERTY SIZE: 0.25 acres
LOCATION: Northern side of
Columbus Way
APPRAISED VALUE: $26,000

5.’ VOYAGER BAY SUBDIVISION,

LOT NO. 1 Block 25
PROPERTY SIZE: Multi-Family,
21,009 sq. ft.

LOCATION: Front or property is

located along the curve of Bradfield

Lane.
APPRAISED VALUE: $57, 000

PROPERTY DESCRIPTION: Single
Storey Residence, 3 bed / 2 bath
PROPERTY SIZE: 11,340 sq. ft.
LOCATION: Property is 265 yards
west of the intersection of West

Regency Drive and Brighton Drive.

APPRAISED VALUE: $132,300

9. YOEMAN WOOD, FREEPORT

LOT NO. 6 Block 58 Unit 2
PROPERTY DESCRIPTION: Single
Family Residence, 3 beds / 2 baths
PROPERTY SIZE: 0.27 acres
LOCATION: The property is located
at the end of a short unnamed

‘and unpaved cul-de-sac which

connects to Birnam Place which
connects to Spinney Road.
APPRAISED VALUE: $122,000 .

10. BAHAMIA SECTION X114

LOT NO. 1 Block 36

PROPERTY DESCRIPTION: Single
Family Residence, 3 beds / 2-1/2
baths :

PROPERTY SIZE: 0.26 acres
LOCATION: The property is located
along the northern side of a cul-de-
sac on the neighborhood collector
street called Yorkshire Drive.
APPRAISED VALUE: $256,500

11. GRASMERE, UNIT 4
_ SUBDIVISION, FREEPORT

LOT NO. 3 Block 15 -

PROPERTY DESCRIPTION: Single
Family Residence, 3 beds / 2 baths
PROPERTY SIZE: 13,500 sa. ft.
LOCATION: Glenburn Drive & East
Indiaman Road

APPRAISED VALUE: $259, 000"

~ FREEPORT
LOT NO. 1 Block 12 Unit 12

~ PROPERTY SIZE: Multi-Family

Lot, 21,108 sq. ft.

LOCATION: Intersection of
Langton Avenue and Fulston Drive
APPRAISED VALUE: $43,000.

7. HOLMES ROCK, GRAND
-BAHAMA

LOT NO. Tract of Land
PROPERTY SIZE: Single Family
lot, 0.20 acres ,
LOCATION: Southern side of
Queens Highway / eastern side of
PC Plaza

APPRAISED VALUE: $20,000

8 REGENCY PARK, FREEPORT.

LOT NO. 9 Unit 2

PROPERTY SIZE: Single Family
lot, 10,764 sq. ft.

LOCATION: West Regency Drive.
APPRAISED VALUE: $25,000

9. DEVONSHIRE SUBDIVISION,

FREEPORT

LOT NO. 24 Block 11 Unit 1
PROPERTY SIZE: Duplex lot
11,500 sq. ft.

LOCATION: West on Ashwater
Drive. :

APPRAISED VALUE: $25,000

PROPERTY SIZE: Single

Family Lot, 0.27 and 0.28 acres
respectively.

LOCATION: Property located

on the curved section of the a
minor cul-de-sac on Penryn Place
(unpaved road).

APPRAISED VALUE: $12,500
EACH

LOT NO. 13 Block 1

PROPERTY DESCRIPTION: Single
Family Residence, 4 beds / 3 baths
PROPERTY SIZE: 18,000 sq. ft. -
LOCATION: North of S. Ringwood
Drive

APPRAISED VALUE: $252, 000

13. CARAVEL BEACH SUBDIVISION,

FREEPORT

LOT NO. 284

PROPERTY DESCRIPTION: Four-
Plex Apartment Complex
PROPERTY SIZE: 12,500 sq. ft.
LOCATION: The property is located
on Drumfish Street.

APPRAISED VALUE: $256,000

14. CARAVEL BEACH SUBDIVISION,

FREEPORT

LOT NO. 75

PROPERTY DESCRIPTION: Six-
Plex Apartment Complex
PROPERTY SIZE: 19,055 sq. ft.
LOCATION: The property is located
on Bonita Lane & Bluefish Street.
APPRAISED VALUE: $567,000

15. BAHAMIA | WEST REPLAT.

LOT NO. 22 Block Block 16

PROPERTY DESCRIPTION: Single
Family Residence, 3 beds/2 baths
PROPERTY SIZE: 16,300 sq. ft.
LOCATION: On Iverness Lane
APPRAISED VALUE: $259,000

VACANT LOTS

“FREEPORT

LOT NO. 19 Block 20
PROPERTY SIZE: Single Family
lot, 0.27 Acres

LOCATION: Western Side of Perth

. Court cul-de-sac.

APPRAISED VALUE: $27,000

12. MURPHY TOWN, ABACO

LOT NO. 67 Crown Allotment #1
and #2

PROPERTY SIZE: 8,935 sa. ft. and
12,100 sa. ft.

LOCATION: Murphy Town
APPRAISED VALUE: 30,500

©2008 CreativeRalstions.net

INTERESTED PARTIES SHOULD SUBMIT OFFERS INCLUSIVE OF TELEPHONE CONTACT AND POSTAL ADDRESS
TO: CB DISTRESSED PROPERTIES, CREDIT RISK MANAGEMENT DEPARTMENT, P.O BOX - SS-6263
NASSAU, BAHAMAS OR EMAIL US AT: DISTRESSED.PROPERTIES@COMBANKLTD.COM
* WE RESERVE THE RIGHT TO REJECT ANY OR ALL OFFERS.







PAGE 10, THURSDAY, SEPTEMBER 18, 2008 ; THE TRIBUNE
ncaa
WEDNESDAY EVENING SEPTEMBER 17, 2008 ;

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

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WEDNESDAY, SEPTEMBER 17, 2008







_ PAGES 12, 13 & 14¢ International sports news —

Tom ‘The Bird’ Grant
Volleyball tourney set



m@ By RENALDO DORSETT
Sports Reporter |

o honour a legendary
local icon in the game of
volleyball, students will
have an opportunity to
compete in a pre-season

~ tournament which should simultane-

’



ously prepare them for upcoming .

league play.

The first annual Tom “The Bird”

Grant Preseason Volleyball.Tourna-
ment is scheduled for September 25-28
at the Tom “The Bird” Grant Park
and the Sir Kendal Isaacs Gymnasium.

Paradise,
T-Bird
Flyers

continue

winning
streaks

PARADISE and the' T-
Bird Flyers continued their
respective winning forms last
weekend in Bahamas Crick-
et Association play.

In their matchup with St -
Agnes, Paradise in their turn .
at bat scored 211 runs for the
loss of three wickets to win
by seven wickets.

Their top scorers included
Gary Bell for 69 runs not out,
Gary Armstrong for 39 runs
and Hamilton Guilyard for -
39 runs not out.

In Paradise’s bowling
game, Bell and Guilyard
took two wickets each.

St Agnes batted first and
scored 210 resulting in the
seven wicket loss.

Oral Wright led the scoring
with 38 runs while Rudolph
Fox added 32. ;

Bowling for St Agnes, Hes-
keth Dean, Wright and Earl
Thomas each took one wick-
et.

The Flyers also won in sim-
ilar fashion coming from
behind in the second at bat of
the match. ’

After watching the Dorsey
Park Boys post 243 runs, the
Flyers responded with 244
runs for the loss of five wick-
ets ton win by five wickets.

Top scorers for the Flyers
included Robert Campbell,
91 runs and Brice Bovise
with 44 runs.

Bowling for the Dorsey
Park Boys, Gary Campbell
and Jermaine Adderley took
two wickets each.

For the Dorsey Park scor-
ing attack, Mario Ford top
scored with 134 runs, while
Terran Brown added 49.

Bowling for the Flyers
Garsha Blair took five wick-
ets, while Eric Greene and
Garth Davis took two wick-
ets each.

For the stories

HTT aa Es
ner WE
NTE NES

The tournament will feature both

boys and girls in the primary, junior
and senior high school divisions.

Skills

The tournament is meant to place
the underexposed volleyball skills of
students on display within the con-
fines of a structured competition.

In a press statement, Tom Grant Jr
said the tournament was a means of
showing appreciation to a man who
had given so much of himself to the
sport.

“The family saw it fit to honour this

sporting legend for his many contri-
butions and achievements in the sport-
ing world, especially in the sport of
volleyball,” he said.

Grant was the first Bahamian to

. become an international volleyball

referee and the first Bahamian colle-
giate head coach in the United States
(Miami-Dade North Community Col-
lege in Miami, Florida and at St
Augustine’s in Raleigh, North Caroli-
na). |
“The Bird” has also been instru-
mental in the local game as well.

He was one of the founding mem-
bers of the GSSSA and, for over 40

\

years, he has taught at several gov-
ernment schools as a physical educa-
tion teacher and has won a series of

volleyball championships at Govern-

ment High School, C C Sweeting, H O
Nash, and A F Adderley.

Played

The tournament will be played
under the rules of the GSSSA Consti-
tution.

The coaches’ technical meeting and
registration deadline will take place
at 6:30pm September 19 at the Kendal
G L Isaacs Gymnasium.

Cardinals beat Dolphins | 3 1-10



MIAMI DOLPHINS’ Yeremiah Bell (37) tackles Arizona Cardinals’ Edgerrin James (32) in the first quarter of Sunday’s game in Glendale,
Arizona. The Cardinals defeated the Dolphins 31-10...

(AP Photo: Ross D Franklin)

Liverpool,
Barcelona win
as newcomers
stun Europe

. See Page 14

Softball:
Best-of-five
playoff series
‘pitches’.

off later in
the week

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

IT was not so much how
they started, but it was how
the Bommer George
Swingers and the D’s Truck-
ers finished to win the New
Providence Softball Associa-
tion ladies and men’s pen-
nants.

Now both teams are look-
ing forward to adding the
championship crowns to their

’ ledgers when the Sherry

Thompson and Sammy
Heastie’s best-of-five playoff °
series kicks off on Thursday
night.

“We were sort of surprised
when we started that we
couldn’t get the team togeth-

er,” said Swingers’ manager

Gary “Super” Johnson.

- “But after playing a coupe
of games, the team really »
started to play on the level
that we wanted too.

“All over the summer we
were losing players to vaca-
tion and stuff, so we had
some weak moments too.
But now that we have our
full team out, I feel that we
are at the level that we want
to be right now.”

Having fallen short of get-
ting into the final last year, .
Johnson said his Swingers are
not just swinging for a berth

_ in the final when they play

the Sigma Brackettes in
game one of their series on

Friday, but their ultimate
goal is to secure the title as

well for sponsor Bommer
George.

“Right now, the Wildcats
are the defending champions
so they are the team to beat,”
said Johnson of the Pineap-
ple Air, who has once again
struggled through the regular
season.

“Proper Care is a strong
team as well, but their pitch-
ing is not as consistent...The
Wildcats have good pitching
although their team has not
been as strong this year.
When you play against them,
you have to hit the ball and
it’s hard to hit. She’s (ace
Mary Edgecombe-Sweeting)
very strong for them.” —

If they advance to the final,
the Swingers will get an
opportunity to play against
the winner of the series
between the Lady Sharks
and the Wildcats, which will
get started on Thursday
night.

’ Johnson said they are con-
fident that they will have no
problems getting past the
Brackettes, who have man-
aged to lure veteran pitcher
Ernestine Butler-Stubbs to

‘ team up with Linda Ford on

the predominantly young
team managed by league
president Bobby “Baylor”
Fernander. :

“Once we continue to play
the way we are playing, we
are going to beat them,”
Johnsor. -aid.

He said: “We are going to
sweep them. We are trying
to win everything. We have
been working haru and
everybody is in high spirits.
So we are ready to go.”

Commissioner Burkett
Dorsett said the playoffs will
be just as exciting as it was in
the final stages of the regular
season.

While the ladies’ playoff
picture is set, there was a
final game last night between
the New Breed and the last
place Mighty Mitts that
would have completed the
men’s playoff match-ups.

One thing is for sure, the
defending champions D’s
Truckers are the pennant
winners. The other is that
their opponents will come

SEE page 12



PAGE 12, WEDNESDAY, SEPTEMBER 17, 2008 | ; TRIBUNE SPORTS

INTERNATIONAL SPORTS



’

*¢,, Russia set to play Argentina

tayo seves | in. Davis Cup semifinal tie

this week RUSSIAN Davis Cup player Igor Andreev serves — — ££ / secwmavia :

during a training session yesterday in Buenos Aires.
. Russia will face Argentina in a Davis Cup semifinal
FROM page 11 riCcaste 1 CL olga koe



from King’s Real Estate
Pros, New Breed or the Roy-
al Bahamas Defense Force
Commodores.

Based on who ends up in
he fourth spot to play the
Truckers, the other two
teams will clash in the sec-
ond versus third showdown.

“All indications are that
the playoffs will be pretty
competitive,” Dorsett said:

. “This is the Defense Force’s
second stint in the league and
they have come.on really
strong. New Breed got off to
a fast start, but they ended
up losing some of their
starters to school and they
have really struggled at the
end.”

Dorsett said Proper Care

also started off really strong, ‘ : : 8 _ ARGENTINEAN Davis Cup tennis player David

but they faded down the Nalbandian returns the ball during a training
stretch as Bommer George session in Buenos Aires...

emerged at the top. As usual, soe
he said the Swingers didn’t : oa
play that well in the regular

season,.but he said they.
expect to turn up the heat in during a training session in
the playoffs. Buenos Aires yesterday...

“The playoffs is a new sea- —- :
son, so I don’t think any of oS
the games will be real easy

.for any of the teams,”
Dorsett said. “The fans
should be in for a real treat
this year.”

Burkett said the league has
also announced that the fol-
lowing persons will make up
the protest committee for the
playoffs:

© Alfred Culmer

e Ted Miller

e Lawrence “Buddy”
Smith

e Godfrey Burnside

e Arthur Johnson

e Anthony “Boots” Weech

Any three mentioned
above can decide the out-
come of a lodged protest.

(AP Photos: Natacha Pisarenko)

Juan Martin Del Potro warms up

Iam UCAS) ets
hehind the news,
MEST

on Montays RUSSIAN Davis Cup player Nikolay Davydenko returns the ball during
a training session in Buenos Aires...

Bahamas Bus & Truck Co, Ltd Spain to face off against



_ Montrose Avenue

Phone:322-1722 + Fax: 326-7452 : the U , in semifinal |

Large Shipment
of
Used Cars

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New Shipments Arrived

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SUES

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RAFAEL NADAL, of Spain, gestures during a press conference in
ANDY RODDICK, of the United States, ponders a question during Tuesday’s Madrid yesterday. Spain will play the US in a Davis Cup World Group
press conference... semifinal on outdoor clay in Madrid...





TRIBUNE SPORTS

WEDNESDAY, SEPTEMBER 17, 2008, PAGE 13



INTERNATIONAL SPORTS
PITTSBURGH STEELERS quarterback Ben
Roethlisberger throws in the first half of a game

“against the Houston Texans in Pittsburgh on
Sunday, September 7. The Steelers won 38-

17.

(AP Photo: Keith Srakocic)



Tomlin: Roethlisberger S
shoulder not separated

PITTSBURGH (AP) —
Pittsburgh Steelers coach
Mike Tomlin clarified the sta-
tus of quarterback Ben Roeth-
lisberger’s shoulder: Sprained
but not separated.

_ The injury will likely keep

Roethlisberger from fully par-
ticipating in practice Wednes-
day, but not from playing on
Sunday against Philadelphia.

The Steelers said last week
that their quarterback was
nursing a sore shoulder, but a
TV commentator on Sunday
night termed the injury a
shoulder separation.

During his weekly news
conference Tuesday, Tomlin
appeared agitated by the latter
description.

"I have no idea where that

Bi By GREGG BELL
AP Sports Writer

SEATTLE (AP) — The
Seattle Seahawks took two
steps to sure up their injured-
depleted wide receivers by
trading for Keary Colbert and
reacquiring Koren Robinson
on Tuesday.

Seattle agreed to a one-year
contract with Robinson, its for-
mer No. 1 draft choice. Agent
Alvin Keels confirmed the
agreement and its length in an
e-mail to The Associated
Press.

Robinson worked out for
the Seahawks on Tuesday and
convinced team president Tim
Ruskell he has changed since
Ruskell released him in the
2005 season because of repeat-
ed problems with alcohol.

The Seahawks have lost six
wide receivers to injury this
season. Robinson already is
listed as No. 1 on Seattle's
depth chart at wide receiver
for Sunday's game against St.
Louis, a matchup of winless
teams.

"Just because of the terms

‘ and circumstances I left Seattle
on, I never thought I'd be
back," Robinson said on a
conference call. "I'm grateful
for this chance. I think it can
be a good story — for me and
the team."

The 28-year-old Robinson
said he has been sober for 25
months thanks to a new mar-
riage, two young sons, a baby
girl due next month and reli-
gion.

report came from," Tomlin

said. "It didn't come from me. ..
or my medical staff. If any-

body in here has got any infor-
mation about where that
report came from, send them
to me."

Tomlin said Roethlisberger
sprained his AC joint, an
injury to the ligaments that
attach the collarbone to the
shoulder blade.

Asked if Roethlisberger was
the source of the disputed

_ information, Tomlin said,
."Not to my knowledge."

The issue may be one of
semantics. The American
Academy of Orthopedic Sur-
geons describes a mild shoul-
der separation as a sprain of
the AC ligament. It differs .



IN THIS file photo, Green Bay
Packers wide receiver Koren
Robinson runs during the first half
of a game in Green Bay, Wis.

(AP Photo: Morry Gash)

"I'm definitely proud of
that," he said.

Robinson said the final inci-
dent that caused him to aban-
don his partying ways came in
August 2006. Police said

‘ Robinson, then with the Min-

nesota Vikings, led them on a
car chase at speeds more than
100 mph, and that his blood-
alcohol content was found to
be 0.11 percent, above the
legal limit of 0.08.

Robinson was sentenced to
90 days in jail after pleading
down to a charge of fleeing
police. He also was sentenced
to three months in jail for vio-
lating probation on a separate
drunken-driving case in Kirk-
land, Wash., in 2006.

from more severe shoulder —
_.Separations in which the liga-

ment is torn.

Whatever the injury, Roeth-
lisberger threw for 186 yards
and a touchdown during Pitts-
burgh's 10-6 win over Cleve-
land on Sunday and is expect-
ed to play this Sunday against

_ the Eagles.

"He said it feels better than
it did a week ago, which is
good," Tomlin said.

Roethlisberger was sacked
three times Sunday but per-
haps endured his hardest hit
— from 350-pound Browns
defensive tackle Shaun Rogers
— after releasing the ball.
Roethlisberger appeared to
hold his arm gingerly after
that play.

,

The NFL suspended him for
one year then reinstated him
last October. He caught 21
passes and returned kickoffs
in nine games last season for
Green Bay. If Robinson vio-
lates the league's substance-
abuse policy again, he faces a
lifetime ban.

Last week when the Sea-
hawks had four receivers
injured, coach Mike Holmgren
mentioned Robinson to
Ruskell as a possible replace-

-ment. And quarterback Matt
Hasselbeck, Robinson's quar-
terback from 2001-04 in Seat-
tle, told Ruskell that Robin-
son had turned his life around.
Hasselbeck saw Robinson dur-
ing a weeklong Christian
retreat in Dallas last winter
and was impressed.

"I don't know about the
football side of it at all. I
haven't seen him play in a long
time," Hasselbeck said Mon-
day. "But, I guess what I care
about more is that he grew up
and really matured and got his

_ life turned around in the right

direction. ... I'm proud of him."

"T understand the criticism ...
if this was the Koren of four
yeais ago, that would be war-
ranted," Ruskell said. "And
we could be wrong ... but all of
us believe in second chances."

Logan Payne started Sun-
day's loss to San Francisco but
injured a knee. He is the third
wide receiver to be out for the
season. Backup quarterback
Seneca Wallace pulled his calf
while pressed into receiver
duty and will miss up to a



Tomlin said Roefhlisheiper
can do no further damage to
the shoulder by playing. The

coach was asked. if it was a

worry that his quarterback
was missing so much practice
time. "It really depends on the
quarterback," Tomlin said.
"Some guys require a great
number of snaps to get pre-
pared to play. Some guys can
learn visually, film room and
so forth. Thankfully with Ben
he's a pretty quick study and
sharp guy. ... It doesn't take
him a great number of BEDS to.
be prepared to play... -

Hopefully it won't be an
issue’ this week. I know it
won't be an excuse."

In other injury news, defen-
sive end Brett Keisel has a calf

month. ~~

Colbert's agent, Gary Uber-
stine, said Tuesday in an e-
mail to The AP his client is
also coming to Seattle, from
Denver. Fox Sports.com first
reported the trade.

The deal is believed to be

















strain. He is out for the Eagles
game and likely for at least a
month overall, though Tomlin
said he would be evaluated
"week to week."

Travis Kirschke is expected
to take his place in the starting
lineup, with veteran Orpheus ~
Roye being added to the
active roster Sunday so he can

join the team's six-man rota-

tion on the defensive line.

Also, starting cornerback
Deshea Townsend's heel con-
tusion might force him to miss
his second game in a row.

Linebacker James Farrior
(back) and wide receiver San-
tonio Holmes (knee) are
starters who will be limited in
practice due to injury but will
play in Philadelphia. —

for a fifth-round pick. It will
likely become official on
Wednesday, Ruskell said:
The 26-year-old Colbert has
not caught a pass in two games
with the Broncos after signing
a three-year deal in March. He

became tradable with the

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RCAC en Ca)

‘Woods
will not
attend
Ryder

Cup

- LOUISVILLE, Kentucky
(AP) — The closest Tiger
Woods will get to the Ryder
Cup is in front of his televi-
sion.

Despite speculation on var-
ious Web sites that Woods
planned to show up at Val-
halla Golf Club this week, he-
said Tuesday in a monthly
newsletter he has no inten-
tion of coming.

"I plan to watch the Ryder
-Cup this week, but I will not
attend," Woods said. "U.S.
captain Paul Azinger has my
cell phone number and he or
any U.S. player can call me
any time. If I can offer any
assistance, ae happy to

*

* help."

Woods has a 10-13-2
record in his five Ryder Cup
appearances. He had season-
ending knee surgery two
weeks after winning the US.
Open for this 14th major.
Woods' absence means the
United States does not have
a current major champion on
its team for the first time
since the Ryder Cup began
in 1927.

Woods has said he has not
watched much golf since his
surgery, and is not sure how
much help he could be,
although he won the PGA
Championship at Valhalla i in
2000.

"T doubt I can do much, .
since I can't play practice
rounds and am: not privy to
their team chemistry,"
Woods said. "I also don't
know who is playing well,
who is injured, and have no
feel for how the course is
playing. But I'll be happy to
offer my opinion. I wish the
American team well and
hope they can bring back-the
Cup."



Seahawks feacquine Halinedh trade for WR Colbert

emergence of rookie Eddie
Royal and the return of Bran-
don Marshall from suspension.
Colbert was also behind for-
mer Seahawk Darrell Jackson
and veteran Brandon Stokley.

Colbert caught 32 passes in
12 ous for Carolina in 2007.





Dates: September 19-20, 2008

Cost: $25 per session

Location: Nassau ‘Nastics Oakesfield and Seagrapes Gyms

Schedule:

Oaksfield Gym.

may attend.

For more info: 395-5994 or 356-7722







Friday 4-7pm Recreation Gymnastics and coaches at the Oakesfield Gym.
Saturday 9-1lam Recreation gymnasts and coaches at the Seagrapes Gym.
Saturday 12-4pm Team, Preteam and competitive gymnasts at the

Any interested child or adult (PE teacher, school teacher, dance instructor, etc)






PAGE 14, WEDNESDAY, SEPTEMBER 17, 2008

TRIBUNE SPORTS



INTERNATIONAL SPORTS

TE
INBRIEF




FIFA head
Sepp Blatter
visits 2010
stadium

@ By CLARE NULLIS
CAPE TOWN, South Africa

FIFA president Sepp Blatter
says he danced for joy after arriv-
ing in South Africa to check on
preparations for the 2010 World
Cup, according to the Associated
Press.

' Glossing over concerns about
delays, rising costs, rampant crirne
and lack of transportation, Blatter
visited Cape Town's new "jewel"
of a stadium Monday. The project
has been beset by political wran-
gling but now is slightly ahead of
schedule.

He was less flattering about the
national soccer team, which failed
to qualify for the 2006 World
Cup, seems likely to miss the 2010
African Nations Cup and hasn't
won any of its last five matches —
including against lowly Guinea
— since June.

Blatter said South Africa
should have taken advantage of
the four years since it was award-
ed the tournament to build up a
strong team. "In 1996 they were
African Champions ... and where

are they now? It's incredible and _

I cannot understand that," he
said. "Do something; move it."
Blatter said he would raise his
concerns with the South African
Football Association on Tuesday,
when he tours the venue for the
opening and final match at Johan-
nesburg's Soccer City and meets
anti-apartheid icon Nelson Man-
dela, whose lobbying helped bring
“the tournament to South Africa.
Blatter stressed his trip was a
courtesy visit rather than an offi-
cial inspection. He played down
fears that the ongoing turmoil in
South Africa's ruling party, pit-
ting incumbent President Thabo
Mbeki against likely successor
Jacob Zuma, could have reper-
cussions for the World Cup if key
ministers involved in the prepa-
ration are dismissed."
p'pWe are absolutely not cop
_ canted about the intemal poli
problems in South Africa," Blat-
ter said. "We are going to orga-
nize and deliver this World Cup
and it will be a great, great
event."

For Blatter, the success of the
2010 tournament has become a
personal crusade. He hopes. it will
create a legacy benefiting millions
on the continent.

"When I left the plane and
arrived on African soil, I started
dancing," the 72-year-old Swiss
said during a news conference
with Mbeki on Sunday.

’ He may need to muster his
nimblest footwork to avoid the
many obstacles that loom. At the
top of the list is public transit, or
the lack of it. The government





has set aside $1.7 billion to -

improve rail and road links in
venue cities. Organizers hope the
much-vaunted and hugely expen-

sive Gautrain connecting Johan-
nesburg's international airport

with, the city center will be ready

' in time, but there is nothing sim-
ilar planned for either Cape Town
or Durban.

_ In an interview with a local
radio program, FIFA general-sec-
retary Jerome Valcke gave reas-
surances about the government's
ability to rein in violent crime in a
country where more than 50 peo-

ple are killed each day, often for

as little as a cell phone.

"Tam not so much concerned
by security today. I think we are
going the right way," he said,
adding it was impossible to be 100
percent safe even in cities like
Paris and Zurich. He said local
organizers were working closely

with Interpol and foreign police —

and security forces to keep out
hooligans. The government plans
to increase police to 190,000 by
‘se ume of the tournament, and
ve notes that such major events
like the rugby and cricket world
cups were held without serious
incident. Police and the armed
forces have staged high-profile
.~-s© rehearsals to prove they can
~-otect South Africa's skies and
seas from potential attack.

So far, less than half the 55,000
rooms needed for visitors have
been secured. FIFA plans to step
up marketing to persuade hotel
and. guest house owners to sign
up. South Africa has 80,000 grad-
ed rooms — more than enough to
satisfy FIFA, according to gov-
ernment figures. Although there
is plenty of accommodation in
tourist centers like Cape Town
and Durban and the economic
liub of Johannesburg, rooms may
be hard to find in more outlying
areas like Polokwane. Earlier
concerns about the speed of sta-
dium construction have eased.
The stadium in the southern
coastal city of Port Elizabeth will
not be ready for the 2009 Con-
federations Cup but should be
ready for 2010.



CHAMPIONS LEAGUE

Liverpool, Barcelona win |

a

as newcomers stun Europe





AP Photo/Claude Paris



aS

Soe

: right, vies for the ball with Liverpool's LIVERPOOL'S RYAN BABEL, left, is tackled by Marseille's defender Ronald Zubar, result-
' ing in the referee giving a penalty for Liverpool, during their Champions League Group
D soccer match at the Velodrome stadium, in Marseille, southern France.

AP Photo/Claude Paris

ee a ‘ ae ee :

MARSEILLE'S FORWARD Mathieu Valbuena, \
Alvaro Arbeloa, during their Champions League Group D soccer match at the Velodrome
stadium, in Marseille, southern France , Tuesday, Sept. 16, 2008. Liverpool won 2-1.




Se

AP Phate/Mati Gunham

CHELSEA'S FLORENT MALOUDA, center, celebrates scoring against Bordeaux with his
teammates, captain, John Terry, left, and Frank Lampard during their Champions League
Group A soccer match at Stamford Bridge stadium in London, Tuesday Sept.16, 2008.

AP Photo/Matt Dunham



CHELSEA'S FRANK LAMPARD, right, vies for the ball with Bordeaux's Fernando, eff,
during their Champions League Group A soccer match at Stamford Britlge stadium in
London, Tuesday, Sept. 16, 2008. Ae

Chelsea won the match 4-0. 4

AP Photo/Manu Fernandez

FC BARCELONA PLAYERS celebrate Xavi Henandez’s goal against Sporting Lisboa during
their Champions League Group C soccer match in Barcelona, Spain, Tuesday, September

16,2008.

@ By ROB HARRIS
MANCHESTER, Engiand

European heavyweights Liverpool, FC
Barcelona, Chelsea and Inter Milan
opened their Champions League cam-
paigns with victories Tuesday, reports
The Associated Press.

But the most striking results on the
first night of the group stage came from
the competition's newcomers on the
road, with Romanian team CFR Cluj
upsetting AS Roma 2-1 and Anorthosis
Famagusta of Cyprus holding Werder
Bremen 0-0.

Chelsea, which lost May's final on
penalty kicks, crushed Bordeaux 4-0;
five-time champion Liverpool rallied to
win 2-1 at Marseille; 2006 winner
Barcelona overcame Sporting Lisbon 3-
1 and Jose Mourinho's Inter Milan beat
Panathinaikos 2-0.

Atletico Madrid ended its 11-year
absence with a 3-0 win at PSV Einhoven,
while Shakhtar Donetsk won 2-1 despite
FC Basel scoring a late goal.

Fernando Torres was back spear-
heading Liverpool's attack after recov-
ering from injury as Liverpool was given



a tougher test than last year's visit to the
Stade Velodrome when it left with a 4-0
victory.

Marseille went ahead in the 23rd when

Benoit Cheyrou lofted the ball over and |

Lorik Cana sidefooted past goalkeeper
Pepe Reina.

The flares were still being launched
when Steven Gerrard struck within three
minutes with a rasping shot that looped
into the net from 25 yards.

"It was amazing. It was a fantastic
goal, it shows the quality he has," Liver-
pool manager Rafa Benitez said.

Gerrard put Liverpool ahead in the
31st from the penalty spot at the second
attempt after Ronald Zubar had tripped
Ryan Babel. It was Gerrard's 99th career
goal.

"We played well in the first half, but in
the second they pinned us in and put us
under a lot of pressure," Gerrard said.
"They've got small guys who are really
quick and can pass around you."

Atletico hadn't played in the Cham-
pions League this century, but Sergio
Aguero scored twice and Maniche added
another to give the Spaniards a winning
start at PSV.





CLUJ DEFENDER Alvaro Pereira, of Uruguay, left, kicks the ball next to AS Roma Brazil-



AP Photo/Pier Paulo Gites



ian midfielder Taddei during the Champions League first round group A soccer match
between AS Roma and CFR Cluj at Rome's Olympic stadium, Tuesday.

Chelsea began the new European
campaign emphatically, with Frank Lam-
pard scoring and playing provider.

He powered in a header in the 14th on
Jose Bosingwa's cross, before his inviting
cross allowed Joe Cole to nod in at the
near post in the 30th after rising above
Alou Diarra.

Florent Malouda put the Group A
match beyond doubt in the 82nd when
put clear by Lampard's well-timed back-
heel. Anelka added a fourth in injury
time.

"It is important to start with a win
because in this competition you never
know what will happen," Chelsea man-
aer Luiz Felipe Scolari said. "You see
that Cluj beat Roma. That is a warning
for us for the next game. It is important
to win and if you play well that is better."

Cluj stole the headlines by stunning

Roma on two goals from Argentine mid-
fielder Juan Culio.

A 25-year-old journeyman playing his
first Champions League match, Culio
scored in the 27th and 49th minutes after
Christian Panucci had put Roma in front
at Stadio Olimpico, which will host this
season's final on May 27.

Panucci headed in a pass from Daniele
De Rossi in the 17th minute for his 13tb
goal in 99 Europeati matches.

But Juan Culio equalized six minutes
later, splitting two defe:ders with a diag-
onal shot from the edge of the area, and
Juan Culio struck again in the 47th, vol-
leying in a loose-ball from the center of
the area.

Barcelona coach Pep Guardiola will
hope the victory over Sporting has an
impact on his team's domestic form and
its worst start in 35 years.

Defender Rafael Marquez head-d in
Xavi Hernandez's corner in the 21st and
Samuel Eto'o doubled the lead on the
hour from the penalty spot.

Tonel stabbed home a cross in the
72nd to pull a goal back before Xavi
scored in the 87th to secure Guardiola's
first win of the season.

Inter took an early lead in Group B
after Amantino Mancini and Adriano
scored in manager Jose Mourinho's first
European game with the Italian club.

Anorthosis Famagusta, the first Cypri-
ot team to enter the Champicns League,
drawing 0-0 at Werder Bremen.

=~



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PAGE 16, WEDNESDAY, SEPTEMBER 17, 2008

6 Dow

Hope Sealy, Sr. Account Mngr,; Sir Durward; dan Knowles,

Regional Mngi:/Public Relations.







4
‘Fi

| 5

RATER RAE



RAAT

rl

STERIC)

‘niches to thank all thace who have contributed i purchasing his b00h,
in by the

THE TRIBUNE

Si {a rs :

In aid of Me favourite Charities

ASSOCIATION FOR THE PHYSICALLY DISABLED ©
& ONE BAHAMAS FOUNDATION

Michael Munnings, Sr. vingr, Scotia Bank Marketing & Public sir Durward; Michelle Rassin, President elect of Rotary
Relations; Sir Durward.



a

wise







Dr. Willard Thompson, Bai Physical al Disabilities Asso SOC.

Tin lacs nana aime ed AROS att eo ne, AA SA ARM

Durward. i

:
Oe ce ee

East Nassau; 6. Thomas Sweeting. Gary Sweeting accepts
funds raised from the re-sale of Sir Durwards book from
Michelle Rassin. Funds sent to Halti to ald a school there.

: Also to be THANKED are:

Mr Cedric Saunders - Insurance Management Co.;

Mr Godfrey Thomas - Nassau Agencies;
Mr Mike Lightbourne - Lightbourne Realty
Betty K. Agencies.

;
A





’ » with the magni-

ye

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WEDNESDAY,

SECTION B ¢ business@tribunemedia.net




SEPTEMBER

4 ‘ g
y 4
YY Bie te Sir we




17, 2008

City Markets facing
potential $10m loss

@ By NEIL HARTNELL
Tribune Business Editor

ity Markets

could possibly

incur a $10 mil-

lion loss in its

2008 financial

year, its chairman warned
shareholders last night, with
its 78 per cent majority share-
holder having injected a fur-
ther $2.5 million in equity to
boost the grocery chain’s cash
flow and pay down payables.
Basil Sands, Bahamas



* Chairman issues warning based on preliminary, unaudited fiptices:
* Major shareholder pumps $2.5m into publicly owned grocery chain

* Says company’s true condition masked by inaccurate financial ccoriy which :
showed company making v4 7m profit for fiscal 2007 as late as February 2008 a

Supermarkets’ chairman, told
the company’s annual general
meeting (AGM) that accord-
ing to preliminary figures, as
the 2008 audit was still under-

Ministry is ie ‘road
builder of last resort

B@ By NEIL HARTNELL

Tribune Business Editor -

THE Ministry
of Works’
$250,000 annual
budget for paving
unpaid roads. in
private subdivi-
sions is “not
enough to deal

tude of the prob-
lem”, a govern-
ment minister
telling Tribune Business yester-
day that “it was never intended
that the Government be the
road builder of last resort”.

Dr Earl Deveaux, minister of
the environment, who has
responsibility for the Town
Planning Board, said the Min-
istry of Works was often being
asked to step into the breach
left by private subdivision devel-
opers who failed to pave the
roads in their projects, much to
the anger of residents who had

Deveaux

" bgught lots from them.

However, the Ministry of
Works had “limited capacity”
to address this given the annual
$250,000 allocation, meaning
there was “not enough to

Lady Henrietta sells ICD



* Minister says
$250,000 budget
‘not enough to deal
with magnitude of
problem’ caused by
unpaved roads in
private subdivisions

* Major roads
corridor |
connections
another problem

address the magnitude of the
problem that occurs.

“There’s a considerable bud-
get for paving public roads and
new roads, but it was never
intended that the Ministry of
Works would be the road
builder of last resort for private

-roads and private subdivisions.”

The Government will seek to

address such issues in the

SEE page 5B

stake in $41m deal

@ By NEIL HARTNELL
- Tribune Business Editor

LADY Henrietta St George
has sold her 50 per cent stake in
ICD Utilities, the BISX-listed
holding vehicle for a 50 per cent
stake in Grand Bahama Power
Company, to a Canadian elec-
tricity supplier for $41 million, it
was confirmed last night.

The transaction with Emera
Inc priced Lady Henrietta’s
stake-at $8.20 per share, a price
that some might say represents
a generous 47.2 per cent premi-
um to the $5.57 closing price for
ICD Utilities shares in Monday,
September 15, 2008.

Few details about the pur-
chase were forthcoming last
night, although the $41 million
purchase will presumably pro-
vide Lady Henrietta with a



* Canadian power.
provider buyer gets
50% ICD share and.
25% of Grand
Bahama Power .

* Price represents 47%
premium to Monday’s
close; and bid trading
volume/value boost
for BISX .

‘fighting fund’ to finance the
legal battle that continues to
rage between the St George
estate on one side and Sir Jack
Hayward’s family trust and
Roddie Fleming on the other.

By liquidating one of the few
assets previously placed in her
late husband’s name, and now
her own, Lady Henrietta
appears to have removed a
major tactic that was previously
at the Hayward/Fleming cam-
p’s disposal - namely starving
the St George estate of divi-
dends from the Grand Bahama
Port Authority/Port Group Ltd.
Without those dividends, it was
felt the estate would lose its
main means of income and be
forced into a settlement by
being unable to pay legal fees.

Lady Henrietta is understood
to have been seeking to dispose
of her-Grand Bahama Power
stake for some time.

"This opportunity is immedi-
ately accretive to Emera and is
another measured investment
in the Caribbean region follow-

SEE page 5B

way, the 12-store chain that
trades as City Markets was
likely to incur “a significant
loss, possibly in the region of

$10 million”.

Acknowledging

cial performance had “been
very disappointing to say the
least” since the BSL Holdings



Barbados Shipping to have Ebcointe:

that
_ Bahamas Supermarkets’ finan-

buyout group auguived the’ :
majority 78 per cent stake in...
Winn-Dixie in the summer of 9

ae page e



say’ in the running of City Markets |

m@ By NEIL HARTNELL
Business Editor

BARBADOS Shipping &
Trading (BS&T), the Barba-
dian operating partner for
City Markets, will “have an
absolute say” in how the gro-

Neal & Massy siibsldiacy becomes

largest shareholder in City Markets

majority owners, as government.
approves 40% equity conversion

cery chain is run after receiv-.

ing government approval in
July to convert its $10 mil-
lion unsecured loan to a 40
per.cent equity stake in the
company’s major sharehold-
er, Tribune Business was told
yesterday.

Anthony King, BS&T’s
chief executive, said' his com-
pany, which is now the largest
stakeholder in BSL Holdings,
the buyout group that owns
78 per cent of Bahamas

. Supermarkets, said the Bar-

badian company was now’

taking a much more ‘hands
on’ approach to running the

> company’s operations than it
had previously.

Mr King said BS&T and its

new parent, Trinidadian con-
glomerate Neal & Massy, had
shown their commitment to
the Bahamas and ‘City Mar-
kets by injecting $5 million
in equity into BSL Holdings.

BAHAMAS
Nassau: 2747 356
Freeport: 247 3%)

BARBADOS
Hate ace ua

royalfidelity.c

Out of this, some $2:5 mil-
lion had been advanced to
City Markets to alleviate its
cash flow problems and pay

down trade payables, while

another $2.5 million had been

used to meet debt.service.

payments to Royal Bank of
Canada.

Confirming that BS&T had
received Government per-
mission, via the Investments
Board, to convert its previ-
ous unsecured loan into an
equity stake, Mr King told
Tribune Business: “We’re
prepared to put money into
this business, but are not pre-
pared to do it on the level Of
involvement we have had.

“We are only doing this on
the basis that we will have an

absolute say in terms of the.

executive level decisions that
this company is taking and
how it spends its money.”

9801
Hem no)

7A6 AGT ADDO

om

Adding that BS&T would
become involved in “all
aspects” of City Markets’
operations, Mr King told Tri-
bune Business exclusively: “It
is very clear some big money
has. gone west here. It’s an
entirely stem to stern
approach with all aspects of
this company’s business
today.

“Our [previous] scope was
purchasing, advisory and
oversight, and this is very
much being involved in the
workings of the company.

“We see fundamentally
that this business has not lost
its sales lines, not lost its
strategic locations. It has very
good channels of supply, and
we intend to use local suppli-
ers as well as our own chan-
nels. All the fundamentals of

SEE page 3B







ROYAL FIDELITY

Money at Work -

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NASSAU OFFICE
(242) 356-9801

FREEPORT OFFICE ©
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Barbados
company
purchases.
Destinations

DESTINATIONS Travel, thé
well-known Bahamian travel

‘agency, yesterday announced it had
“been acquired by Barbados-base

Caribbean World Travel Services
for an undisclosed sum.

This means that Destinations!
which employs over ‘70 persons at
offices in Nassau, Grand Bahama,

’ Eleuthera, Exuma, Long Island
_ and Spanish Wells, ‘will now trade
|". under the brand Going Places Trave yh

él. :
There should. be no. major

. changes to Bahamian management

and staff, Caribbean World Travel
Services said yesterday in a state:. .
ment. Neither it nor Destinations

’ representatives, who were said tq:
|. be briefing staff on the takeover,
‘ could be reached for comment:
- before press deadline last night.

Going Places is‘a full- service
travel agency, offering air, hotel;

‘. car, cruise and package vacations;

with offices in eight countries

' around the region including
“Antigua, Barbados, Dominica,

Grenada, St Lucia, St Vincent and

Trinidad.

The combined companies will
employ over 178 peopie in eight
islands and 36 offices.

Going Places travel manager,

‘ ‘Alfredo Weatherhead, said: “We

see this acquisition as part of our
ongoing strategy to continue to
grow our group, both regionally
and extra-regionally. The strength
of the combined entities will allow
Going Places to capitalise on the
economies of scale that will benefit
the larger combined operation
going forward and our customers. :
He added: “We anticipate that
there will be no major changes to
the management and staff of Des-
tinations, as Going Places Travel
values all of our employees, and
our business is our people.”

Mr Weatherhead said they were
fully committed to the travel indus-
try and the Destinations acquisi-
tion will make the company a force
to be reckoned with in the
Caribbean.

. During these difficult econom-
ic times in the travel industry, we
believe that the combjned company
will create excellent opportunities
and make available a greater range
of travel products and services to

“our: Bahamiaii'and regional cus-

tomers,” he added.

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PAGE 2B, WEDNESDAY, SEPTEMBER 17, 2008

for ad rates

RKETS

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Requirements

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refrigeration and air conditioning systems a must.
Minimum of 5 years experience
A proven tr ack record of success in the area of A/C
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of incentive based bonuses provided)

Only serious applicants need apply and should send their
resumes to hr@abacomarkets.com.







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THE TRIBUNE

A tale of two banks

THIS weekend saw the bank-
ruptcy of Lehman Brothers, one
of America’s most venerable
investment banking firms, after
the gradual 90 per cent collapse
of its share price over the last six
months. The continued reassur-
ances of its aggressive, self-con-
fident chairman, Richard Fuld,
that its balance sheet was sour
proved to be illusory. Lehman
was the victim of Fuld’s own
decisions to build a huge port-
folio of mortgage loans, which
once seemed a sure path to
surging profits, but the strategy
began to unravel in 2007 and
culminated in stunning losses
this year.

Lehman once seemed impreg-
nable. In my early days work-
ing as a rank beginner in Wall
Street 40 years ago, my boss
took me to meetings in
Lehman’s august premises in
the heart of the Wall Street
financial district. Lehman was
unique in owning its own build-
ing, an elegant Italianate struc-
ture of 11 storeys, sited on-a
wedge-shaped plot so that its
sharp, turreted end loomed over
William Street. The firm





Ny Ree on

became known by its address
“One William”. The interior dis-
played marble floors, wood-pan-
elled offices for the senior exec-
utives, and boasted the best chef
in Wall Street for the daily busi-
ness lunches.

The firm was created in 1850
as cotton brokers and traders
operating in the southern US
states, but financial success,
energy and ambition inevitably
led to New York, where the
partnership became leaders in
financing many of the nation’s
new corporations, underwriting



BAHAMAS SOCIETY OF ENGINEERS
NOTICE

THE BAHAMAS SOCIETY OF ENGINEERS

CORDIALLY INVITES YOU TO ATTEND |

THE MONTHLY LUNCHEON

ON

THURSDAY, SEPTEMBER 18, 2008

TOPIC:

"TAPPING THE POTENTIAL OF EMPLOYEES IN A
SMALL BUSINESS ENVIRONMENT”

GUEST SPEAKER:

Ms. Yvette Bethel
President —
Organizational Soul
PLACE:

EAST VILLA RESTAURANT
East Bay Street

TIME: 12:00 pm

Donation: $24.00 per person

IF POSSIBLE PLEASE CONFIRM YOUR ATTENDANCE BY E-MAIL



OnselectetiChevy ‘
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and drive away in a BLOWOUT BARGAIN!

Tel 328-3908

Shirley Street
www.nassaumotor.com



share issues of companies that
are now household names. For '
many years until the 1970s it
was a “family firm” of the
Lehman clan, who became pil-
lars of the German-Jewish aris-
tocracy that dominated social
and financial circles, together
with equally wealthy friends, the
Lewisohns, Loebs, Schiffs, and
Warburgs. Herbert Lehman
became Governor of New York
State, and the firm was led ,by
the dynamic Robert “Bobble”
Lehman, who knew everybody
worth knowing and accumulat-
ed ar art collection that became
a keystone of the Metropolitan
Museum.

My boss also took me to visit
another -Wall Street firm of an
entirely different: stripe, Lazard
Fréres. It was governed in every
last detail by the irascible, toad-
like figure of André Meyer, who
escaped Nazi-occupied France
during World War IJ and soon
proved to be a genius at corpo-

rate finance, particularly advis-
ing on mergers and acquisitions,
the ‘M&A’ business. Meyer ran
a tight ship, and the Lazard
offices were famous as the
scruffiest in Wall Street, with
nothing more than a uniformed
guard and a few worn chairs in
the dimly lit reception room.
Even. the senior partners were
crammed in cubby-hole offices
overwhelmed with files and
loose papers. He worked his col-
leagues unmercifully hard but
made them rich, often at the
expense of their nerves, mar-
riages and health. Not a penny
would be lavished on offices, he
told them. “If you want to show
off, spend your money at
home!”

Inevitably, both firms
changed in recent years,
Lehman more radically. It had’
to be reorganised and was spun
off from American Express in
1994, becoming a publicly trad-
ed company on the New York
Stock Exchange, and soon Fuld,
who had begun his career there,
became chief executive. At

Lazard, after the death of Andre

Meyer, the firm was plagued by

‘succession problems. The con-
summate deal-maker Felix -

Rohatyn didn’t want the CEO
job, and eventually the brash

boy-genius Bruce Wasserstein---

(now stout and grey-haired)
manoeuvered his way into the
slot in 2002. He took the com-
pany public in 2005 with him-
self as the largest shareholder.

Fuld was always restlessly
seeking new avenues for
Lehman’s growth. Building on
the firm’s recognised expertise
in government and corporate
bond trading, he moved into the
business of owning and trading
mortgage-backed securities and
other real estate investments.
Shareholders were happy as the
stock price rose to a high of $75
in 2006, and the firm looked
invincible with a market capi-
talisation of over $200 billion.

* Of course, after bankruptcy, the



shares are virtually worthless,
the market cap less than $1 bil-
lion, and Richard Fuld possibly
looking for a new career.
Lehman recently reported total
assets carried on its books as
$640 billion, but it’s an open
question how much of this rep-
resents illiquid mortgages and
other loans whose true market
value is unknown. The write-
downs announced in the past
have never been enough to stop
the bleeding.

Over at Lazard, the rigid phi-
losophy of André Meyer still
prevailed. The firm’s new offices
in Rockefeller Centre were
nearly as bleak as before. Many
thought the firm backward and
unimaginative for not plunging
into the capital markets, whirl
by taking big underwriting risks
and playing the bond market.
But every Lazard executive fol-'
lowed the party line that the
firm would survive solely on the
M&A business and investment
management — if anyone didn’t
agree, he left the firm. This con-
centration had the great advan-
tage of not requiring much cap-
ital-or holding a portfolio of
volatile assets. Lazard’s market
cap is only around $2 billion —
just about the same as Lehman’s
last Friday, after it had shed
90% of its value. Lazard’s mot-
to has been: “We make profits
using our brains, not money”.
It has stayed in its profitable
niche, and never suffered from
ambition to compete head to
head with the “majors” — Mor-
gan Stanley, Goldman Sachs,
Merrill Lynch, Lehman.

Before Lazard went public in -
2005, sceptics doubted that this
simple formula could make the
firm a success for its investors.
Well, it has been no superstar,
but the initial offering price of
$25 has risen to the present $38,
while Lehman’s roller-coaster
ride has-left its shareholders
with close to zero. Which invest-
ment would you prefer?

It’s-ironic that back in 2004
Lazard was having some diffi-
culties of its own and thought
Lehman, then big and power-
ful, would be interested in dis-
cussing cooperation. The two
chief executives met, but appar-
ently Fuld already loathed
Wassesrstein. As reported in the
fascinating Lazard history, The
Last Tycoons, (William D.
Cohan, 2007), Fuld’s abrasive
response was: “Cut the s--t,
Bruce, you're here to sell your f-
----g firm”. When Wasserstein
quoted an asking price, Fuld
helpfully retorted “I can see why
you’re such a s----y M&A
banker. . . you gotta be out. of
your f-----g mind”.

After that exchange, it will be
no surprise that survivor
Lazards won’t be one to offer a
helping hand to the fallen giant
Lehman.

If there’s any moral to this
story, it’s just that in banking as
elsewhere, size is no substitute
for smarts.

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 the stories
WA RT
aa
MEY
Monilays





THE TRIBUNE

WEDNESDAY, SEPTEMBER 17, 2008, PAGE 3B



i eee ee ne
Seventy one per cent of hotels

forecast loss for this year |

@ By CARA BRENNEN-
BETHEL
Tribune Business
Reporter



BAHAMIAN hotels have
little choice but to try and
weather the current downturn
impacting the industry, Tri-
bune Business was told yester-
day, with some seven of every
10 hotels in this nation pro-
jecting they will make a net
loss for 2008.

A Bahamas Hotel Associa-
tion survey revealed that
based upon a representative
sampling of 21 of the nation’s
hotels, more than seven out of

every 10 hotels, or 71 per cent,
do not expect to make a net
profit in 2008.

Robert Sands, Baha Mar’s
senior vice-president for exter-
nal and government affairs,
said the survey highlighted the
gravity of the situation and that
the outlook for the industry
remains soft and challenging.

“It is fair to say that the
industry remains very con-
scious of what is going on,” he
said. —

Given the massive chal-
lenges that the industry faces,
Mr Sands said it was right now
operating as best it can. “We
can target groups for market-

Ships Captain
needed for
Family Island Operation

Minimum qualifications:

1) 200 GRT class A License
(Port Authority Nassau)

2) Minimum of 5 years experience
while holding 200 GRIT License

3) STCW-95 certification.

Send Resume — with references to
United Shipping Company (Nassau) Ltd
by e-mail to

operations @unitedshinpingnassaul.com

or by post to P. O. Box
N-4005, Nassau, Bahamas.



“TENDER FOR
MOTOR VEHICLES

The National Insurance Board is pleased to offer for sale, by sealed tender only, the vehicles below.
Interested persons may view the vehicles and obtain tender guidelines by contacting the Purchasing,
Stores and Auxiliary Services Department of the National Insurance Board located in the Bead S
Jumbey Village Complex, Baillou Hill Road. For further information, you may contact the Department
at telephone number 502-1781 or 502-1858. Family Island residents may contact the Family Island
Local Office Managers who will be able to assist. .

ing programes and other
things, but really there is only
so much that you can do,” he
added.

While Mr Sands said the
industry needs to focus on
things such as diversification
and development of new mar-
kets, that is not something that
can be done in the short term.

What must be done now, he
said, is to find a way to hunker
down and deliver a good prod-
uct amid rising labour and
energy costs.

Mr Sands said hotels need .

to focus on their internal prod-
uct detail, and ensure their ser-
vices are where they need to
be when tourist demand
returns.

At the moment, Bahamian

- hotels are trying to become

more creative in luring guests
to these shores, given dim
prospects for profit margins.

Sandals has, for example,
launched its Fly Free promo-
tion, where it gives its guests a
$350 airfare credit.

“In addition to the Fly Free
promotion, we have been con-
ducting numerous familiarisa-
tion trips for travel agents
throughout the US and the

ato) olegmsye Lies



UK, which enables them to sell
our resort to potential holiday
makers,” spokesman Stephen
Hector told Tribune Business
yesterday.

“We are also welcoming reg-
ular international press trips
where we give journalists a
sample of the Sandals Resorts
Luxury Included vacation,
helping to raise awareness and
drive interest in their respec-
tive markets across the globe,”

According to the BHA sur-
vey, 57 per cent of participants
rated the 2008 second quar-
ter as weak, 29 per cent.char-
acterised it as moderate and
14 per cent indicated it was
strong.

Further, the survey report-

ed that 71 per cent of hotels
found that total sales (room
revenue and other revenue)
for the second quarter were
down for the second quarter
compared to the same period
last year. Some 21 per cent
reported they were down sig-
nificantly and 34 per cent
reported an increase in sales,
with 7 per cent stating they
were up significantly.

The survey further reported
that- 71 per cent of respon-
dents reported a decline in sec-
ond quarter room occupancies
against projections, with 31 per
cent indicating they were on
target with projections and 7
per cent above projection.

As far as their outlook for
the future, BHA indicated:
“Confidence in the outlook for
2008 has dampened as the year
has progressed. When asked
at mid-year, 43 per cent of
hoteliers indicated they have
a negative outlook for the
remainder of the year.

“When asked in early April,
one-third expressed a nega-
tive outlook for tourism for
2008. Only six percent
expressed a negative outlook
when asked in January.”

Barbados Shipping to have ‘absolute

say’ in the running of City Markets

FROM page 1B

this business, as long as it’s run
with the right controls and sys-
tems, should make money and
be a good investment.”

Mr King said Neal & ‘Massy
was “committed to supporting”
City Markets both financially
and resource wise, the company
being the largest supermarket
operator in the Caribbean with
some 33 stores across the region
excluding the Bahamas.

The BS&T chief executive
said the level of interest being
shown by Neal & Massy in City
Markets was akin to the atten-
tion given to the stores it
already fully owned.

Mr King said that initially
BS&T had wanted to acquire a
controlling interest in Bahamas
Supermarkets, but RoyalFi-
delity Merchant Bank & Trust,
which put the BSL Holdings
group together, pointed out that
under the National Investment
Policy retail businesses were
supposed to be reserved for
Bahamian ownership only.

And when Blackstone, the
investment banking advisers to

All tenders must reach the office of the Financial Controller or the respective amily Island Local Office
Manager no later than 4:00 p.m. on Friday September 26, 2008, in order to be considered.

Year
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Make & Model
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License No.
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2003
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Nissan AD Wagon
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License No.
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License No.
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Winn-Dixie, warned that they
were likely to discount BSL
Holdings’ bid because of the
foreign ownership element and
likely delay in government
approval (Winn-Dixie wanted
its funds then to escape Chapter
11 bankruptcy protection),

BS&T realised it would have to .

settle for making a $10 million
loan with an option to convert
to equity within three years.
But to ensure that City Mar-
kets benefited from its exper-
tise in the grocery retail busi-

~ ness, Mr King said BS&T want-

ed to have an oversight/man-
agement role when it came to
retail operations and running
the stores, plus purchasing and
IT. It did not want to focus on

the accounting side, which is

where the company’s problems
emerged.

Due to the absence of regular
control procedures, and lack of
timely and accurate financial
reporting, Mr King said “it
seems like shrinkage doubled”

in fiscal 2008, not only from pil-.

ferage but misquoting, mispric-
ing, costing and spoilage.

) flights per week and should

Minimal
TD
American
flight loss

@ By CARA BRENNEN-
BETHEL
Tribune Business
Reporter
























































AMERICAN Airlines
has stopped direct airlift
between Dallas-Fort Worth
and Nassau, a decision that
should have minimal impact
on tourist arrivals, the Min- |
istry of Tourism’s airlift
director said yesterday.

Tyronne Sawyer said he
route accounted for two

only be felt minimally.

‘That is not to say that we
will not miss it, but it is not
as bad, and we do not see
ourselves targeting anoth-
er carrier to necessarily take
over that route,” Mr
Sawyer said.

He pointed out that the
majority of airline passen-
gers travel through Miami
to get to the Bahamas, and
that the airline will proba-
bly reroute the Dallas-Fort
Worth passengers through
some other stop before
Miami.

“A lot of times, what you
see will happen is that you
may lose a particular route
and then another flight ‘or
airline will increase their
‘number of flights or their
seat capacity, which will
compensate for the route
that was lost,” Mr Sawyer
said.

He gave two examples.
' When American Airlines
cancelled their Fort Laud-
erdale/Nassau flights, there
was a decrease, but then a
number of other airlines
absorbed the impact.

Additionally; he said that
when Delta cancelled its
_Orlando/Nassau routes,
Bahamasair added more
flights which compensated
for the loss.





DELTEC BANK & TRUST LIMITED

Invites applications for the position of

Responsibilities will include:

COMPLIANCE MANAGER ©

Maintaining and developing a robust compliance and control regime in Deltec to
ensure compliance with all relevant laws, regulations, guidelines and internal
policies and procedures .
Developing, administering and implementing a stringent compliance program
across Deltec’s business in The Bahamas that identifies all a e regulations,
risks and internal requirements.
Implementing a comprehensive self-testing program that is derived from risk

assessment

Reviewing KYC documentation for all new and existing clients -
Ensuring that Corrective Action Plans are developed, controlled and implemented
effectively; periodically monitoring and reporting on progress in resolving issues
Advising and assisting with the training of staff in regulatory and internal policy
compliance requirements
Reporting to Executive Management and Board of Directors
Ability to work independently and under pressure to meet deadlines

The successful candidate should have the following qualifications:

A thorough knowledge and understanding of all applicable legislation, regulations

and guidelines

Minimum Bachelors degree in banking or accounting

Minimum 3 years relevant experience in a compliance position with an offshore

bank

» Excellent written, oral and presentation skills

Salary will be commensurate with experience.

Interested persons may submit resumes to the Human Resources Manager c/o Fax No.
362-4623 or by email to anh@deltecbank.com.

ABSOLUTELY NO TELEPHONE CALLS WILL BE ACCEPTED





PAGE 4B, WEDNESDAY, SEPTEMBER 17, 2008

THE TRIBUNE





To advertise, call 502-2371

COMMONWEALTH OF THE BAHAMAS
IN THE SUPREME COURT
Probate Side



IN THE ESTATE OF RUFUS ROLLE,

late of the Settlement of Black Point, situate
on Great Guana Cay, Exuma, Bahamas,
Deceased.

NOTICE is hereby given that all persons having any claim
or demand against the above Estate are required to send
the same duly certified in writing to the undersigned on or
beforethe 15th October, 2008 after which date the Executors
will proceed to distribute the assets having reguard only
to the claims of which they shall then have had notice.

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

*

JOSEPH C. LEDEE
Attomey for the Executors
Chambers
Suite No.6, Grosvenor Close
Shirley Street, Nassau, Bahamas



The National Insurance Board

wil



Seminars for E,
for the rém

City Markets
facing potential
S10m loss

FROM page 1B

2006, Mr Sands said the poten-
tial 2008 loss would result from
higher expenses - many one-
time charges - and a “sharp
decline” in gross profit on sales.

“Unless a large positive
change arises in the review of
accounting transactions,” Mr
Sands said, the $10 million pre-
liminary, unverified loss would
be incurred.

A major plank in the recov-
ery efforts will be the support
BSL Holdings, and by exten-
sion City Markets, will now
receive from Trinidad-head-.
quartered Neal & Massy. It has
become the largest shareholder
in BSL Holdings through its
acquisition of Barbados Ship-
ping & Trading (BS&T), the
Barbadian company that invest-
ed in the Winn-Dixie buyout in

ployers,.& Self-Employed Persons
inder.of 2008 as follows:

Sessions will be held from 9:30 a.m. to 1:00 p.m. in the Training Room of

N.IB’s Wulff Road Complex, Wulff Road at Minnie Street’ © s02 cs

190

Refreshments will be served

Seminar Description

For everyone - from the self-employed person who works alone, to the employer of a
few persons, to the person responsible for the payment of contributions on behalf of
an employer of thousands. The Seminar will give an overview of the National
Insurance programme, inclusive of its benefits and assistance programmes, and
explore the scope and impact of the National Insurance Fund on the economy of

the country.

:

Questions and/or concerns about the monthly payment of contributions or other

next

2006.

Tribune Business understands
that an additional $5 million has
been injected into BSL Hold-
ings by its shareholders, some
$2.5 million of that being inject-
ed into the underlying operating
company, Bahamas Supermar-
kets.

Retained

The remaining $2.5 million
has been retained by BSL Hold-
ings to help service the $24 mil-
lion Royal Bank debt it took
on when acquiring the majority
78 per cent stake from Winn-
Dixie.

In his address to shareholders
last night, Mr Sands placed
much of the blame on Bahamas
Supermarkets’ previous man-
agement team. for accounting

woes that not only delayed pub- -

lication of the 2007 audited
financial statements for 15
months after year-end, but also
“masked” the company’s true
financial position.

He added that as recently as
February 2008, Bahamas Super-
markets Board was “assured”
that the financials for the year

to end-June, 2007, would:show a

$4.7 million profit. This ulti-
mately turned out to be an.$8
million-plus swing from the
black into the red, and a
$189,000 loss.

“T should state that for an
extended period of time, the
Board was provided with finan-

‘cial information and reports

that suggested the company was
operating profitably,” Mr Sands
said.

“That information proved to
be inaccurate and grossly mis-
leading, and masked the true
state of the company. It took

‘* many months of persistent -

The Tribune wants to hear

investigation to reach the con-

. clusion that the company’s

financial performance was pre-
carious and inconsistent with
the information that was being
provided.”

He added: “The reasons for
the reversal in profitability are
many, and I shall share several
of these with you, but what we
have determined is that inaccu-
rate financial reporting during
the year, including cash flow
statements, masked the need
for corrective action.

“In the course of the audit
after the June 2007 year-end, it
was revealed that the compa-
ny’s accounting records were
substantially incomplete, and
accounting staff were unable to
readily prepare reconciliations
which were required by our
auditors.

“During 2007, and for much
of 2008, what did occur at City
Markets was a breakdown in
controls and procedures, par-

ticularly in the area of the .

recording of goods received.
“In 2007, our gross margin
eroded by some $5 million due
to shrink and control-related
issues. In the absence of timely

and accurate financial informa- -
tion, this situation was not
‘remedied for 2008.”

Mr Sands said that around 40
City Markets employees had

been dismissed last year, and ©

were currently before the
courts, on suspected cases of
dishonesty.

To remedy the situation, Mr
Sands said Ken Burns had been
replaced as chief executive by
Stephen Boyle, while a new
chief financial officer had been
brought in to replace Bryan

KNOWLES. oo elec nsmossornuslacnes
The focus was then on restor-

ing operational controls and

City Markets’ financial books
and records, with a “crises man-
agement committee” formed to
oversee the company’s opera-
tions. -

Mr Sands conceded that City
Markets was “not out of the
woods”, and that it would “take
at least two years to bring the
company’s performance to sat-
isfactory levels” given the cur-
rent economic climate.

He added that “with hind-
sight”, the Bahamas Supermar-

_ kets Board “could have acted

with greater speed and ques-
tioned management more
aggressively”, in addition to
pushing BS&T for more
resources and greater involve-
ment. |

Injection

Apart from the $2.5 million
equity injection, Mr Sands said ©
the turnaround’s seeds were
being planted through the 2008
financial statements being made
available within eight weeks,
while the 2009 quarterly finan-
cials will be produced within 45
days of the period end.

With product procurement
under control and sales stable,
Mr Sands added that gross mar-

gins were improving and
. expenses being reduced.

He said the 2007 financial
results were also impacted by a
“more than doubling” of insur-
ance and utilities costs, although
switching insurers had aided the
2008 results.

The transition fees paid to
Winn-Dixie, Cable Beach store
investment, re-equipping and
refurbishing of existing stores,
roll-out of IT systems and retail

_. scanners.and extra staff all con-
’ tributed to the higher expenses

incurred in 2007.

INSIGHT

For the stories behind
ate Mt=\ Mme cyeleMaEie/ sd

NOTICE is hereby

on Mondays

NOTICE

given that JACOB PIERRE of








MURPHY TOWN, ABACO, BAHAMAS is applying to the
Minister responsible for Nationality and Citizenship, for
registration/naturalization as a citizen of The Bahamas,
and that any person who knows any reason why
registration/ naturalization should not be granted, should
send a written and signed statement of the facts within
twenty-eight days from the 17TH day of SEPTEMBER
2008 to the Minister responsible for Nationality and
Citizenship, .P.O.Box N- 7147, Nassau, Bahamas.

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.











administrative/ compliance issues, will also be addressed.



Persons interested in attending a Seminar
should reserve a space by calling the
Board’s Public Relations Department
at 356-2070, ext. 236/234/232 -





NOTICE

NOTICE is hereby given that GUERLINE PETION of
ROCKE CRUSHER, P.O. BOX N-3333, NASSAU,
BAHAMAS is applying to the Minister responsible for
Nationality and Citizenship, for registration/naturalization
as a citizen of The Bahamas, and that any person
who knows any reason why registration/ naturalization

SRI BURCH Bix PCERWRSICK BON SUE Be REE






Bis ROYAL FIDELITY &

cr & hk”.



should not be granted, should send a written and signed
statement of the facts within twenty-eight days from
the 17TH day of SEPTEMBER 2008 to the Minister
responsible for Nationality and Citizenship, P.O.Box N-
7147, Nassau, Bahamas.

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NOTICE

NOTICE is hereby given that NATASHA FATAL of FOX
COURT, FARRINGTON RD., NASSAU, BAHAMAS, is
applying to the Minister responsible for Nationality and
Citizenship, for registration/naturalization as a citizen
of The Bahamas, and that any person who knows any
reason why registration/ naturalization should not be
granted, should send a written and signed statement
of the facts within twenty-eight days from the 10TH day
of SEPTEMBER 2008 to the Minister responsible for.
Nationality and Citizenship, PO.Box N- 7147, Nassau,
Bahamas.

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NOTICE

NOTICE is hereby given that SHENOY NAKEISHA
WRIGHT of 13605 NE 3RD COURT, APT #307, NORTH
MIAMI, FL. 33161, is applying to the Minister responsible





for Nationality and Citizenship, for registration/
naturalization as a citizen of The Bahamas, and that
any person who knows any reason why registration/
naturalization should not be granted, should send a
written and signed statement of the facts within twenty-
eight days from the 10TH day of SEPTEMBER 2008 to
the Minister responsible for Nationality and Citizenship,
P.O.Box N- 7147, Nassau, Bahamas.

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i MARIETTE BAA -396-A000 | COLONIAL 242-S02-1S26





THE TRIBUNE



Lady Henrietta sells ICD
stake in $41m deal |

FROM page 1B

ing our initial investment in Lucelec last
year. This utility has significant potential
in a favourable regulatory environment,"
said Chris Huskilson, president and chief
executive of Emera Inc.

"This acquisition positions Emera in the
Caribbean marketplace and we will con-
tinue to seek additional opportunities to
invest in the region."

Tribune Business understands that all
necessary regulatory approvals, including
Investments Board and Exchange Control
approval, have been received by Emera.

Through its investment in ICD Utilities,
Emera will elect three members to the sev-
en-seat Grand Bahama Power Company

Board of Directors.

Its electricity generation and supply
expertise, coupled with its capital and deep
pockets, mean that Emera will likely have
much to bring to the table in enhancing
Grand Bahama Power Company’s opera-
tions, service and balance sheet.

Yet its 50 per cent ICD Utilities stake
will only translate into a 25 per cent Grand
Bahama Power Company stake, leaving

Emera as a minority investor. It will be ©

interesting to see how it works with major-
ity shareholder Marubeni Caribbean Pow-
er Holdings, which owns 55.4 per cent.
Through its two subsidiaries, Nova Sco-
tia Power and Bangor Hydro-Electric Pow-
er, Emera supplies power to some 600,000
customers in Canada. Nova Scotia Power
supplies 97 per cent of that region’s power,

serving 478,000 customers through $3 billion
in assets and 1,700 employees.

Bangor Hydro-Electric Power, mean-
while, serves 116,000 customers in Maine.
Emera also has a 19 per cent stake in LUC-
ELEC, the electricity utility that serves
some 50,000 customers on St Lucia.

The Grand Bahama.Power Company
serves 19,000 customers, and has one gen-
eration facility with 137 MW of installed
oil-fired capacity. The Grand Bahama Port
Authority Limited regulates the utility and
has granted GBPC a licensed, regulated
and exclusive franchise to produce, transmit
and distribute electricity on the Island until
2054. There is a fuel pass through mecha-
nism and flexible tariff adjustment policies
to ensure that costs are recovered and a
reasonable return is earned.

Ministry is the ‘road
builder of last resort’






1, To Elect & Appoint the Officers and Directors of the Society

WEDNESDAY, SEPTEMBER 17, 2008, PAGE 5B

NOTICE

NOTICE is hereby given that JIMMY PIERRE of
COOPERS TOWN CLINIC, P.O. BOX GT-2923, ABACO,

BAHAMAS, is applying to the Minister responsible for |

Nationality and Citizenship, for registration/naturalization
as a citizen of The Bahamas, and that any person
who knows any reason why registration/ naturalization
should not be granted, should send a written and signed
statement of the facts within twenty-eight days from
the 10TH day of SEPTEMBER 2008 to the Minister
responsible for Nationality and Citizenship, P.O.Box N-
7147, Nassau, Bahamas. oxy

Notice of Annual General
Meeting and Agenda

Time & Date: Tuesday, 23rd September 2008

at 7:30p.m.

| PLACE: British Colonial Hilton Hotel

Items of Business:

for the year 2008-2009; |

To advertise, call 502-2371





BAHAMAS HUMANE SOCIETY |




FROM page 1B

planned amendments to the Pri-
vate Roads and Subdivisions
Act. Among the likely changes
are amendments dealing with
the quality of utilities and infra-
structure provided in subdivi-
sions. .

With pressure for the provi-
sion of quality services that

“These, are the kinds of thing
we hope to speak to in the new
Act and regulations. We are try-
ing to learn from experience
and issues that have arisen.”

Another problem experi-
enced with private subdivisions
has been the provision - and
paving - of main road corridors
connecting these developments
to existing infrastructure.

meet buyer expectations ever-
increasing, Dr Deveaux said:

NOTICE

NOTICE is hereby given that BONHOMME AUGUSTE
of STRACHAN’S ALLEY OFF KEMP RD., NASSAU,
BAHAMAS is applying to the Minister responsible for
Nationality and Citizenship, for registration/naturalization
as a citizen of The Bahamas, and that any person
who knows any reason why registration/ naturalization
should not be granted, should send a written and signed
statement of the facts within twenty-eight days from
the 17TH day of SEPTEMBER 2008 to the Minister
responsible for Nationality and Citizenship, P.O.Box N-
7147, Nassau, Bahamas.













While a subdivision develop-
er may have “complied with the



rules that exist”, obtained full
Ministry of Works approval and
put in all the necessary utilities
and infrastructure, Dr Deveaux
said there had been cases where
the provision of corridors link-
ing the development to main
roads had “not been addressed
in the approvals or execution
of the subdivision”.

As an example, the minister

‘pointed to Munnings Drive,

which connected JFK Drive
with Gladstone Road, and was
the main road through which
residents in the approved Emer-
ald Coast subdivision would
access New Providence’s exist-
ing road network.

Munnings Drive, which also
runs along the back of the Des-
tini Lakes and South West
Ridge developments, needs
paving and “that alone will cost
several million dollars”,

The same situation also exist-
ed in western New Providence,
Dr Deveaux said, where “a
number of subdivisions. have

VACANCY FOR THE POSITION OF:
RELATIONSHIP MANAGER,

CORPORATE CREDIT

Core responsibilities:

- Acts as Relationship Manager to high risk clientele by liaising with
clients to determine needs and resolve issues, providing answers

and communication wherever necessary.

Perform maintenance and records management on existing
portfolios and advise Corporate Credit Consultants of any issues.
Perform constant follow up on high risk/impaired accounts and
institutes proper procedures regarding the collection of same.
Assess financial position of high risk/impaired loans. .
Prepare credit proposals by conducting comprehensive financial

and non-financial analysis.

Provide coaching, guidance, and direction to line lenders in the

assessment and structuring of credit facilities.

Knowledge, Skills and Abilities:

° Bachelor’s Degree and five or more years of credit experience.
Strong accounting skills and the ability to provide financial

analyses.
Strong negotiation skills.

Detailed knowledge of credit and collections.

Core knowledge of legal practices and documentation.

Benefits include: Competitive salary commensurate with
experience and qualifications; Group Medical (includes dental
and vision) and life insurance; pension scheme.

Interested persons should apply no later than

September 26", 2008 to:

The Tribune
DA#63405

P.O. Box N3207
Nassau, Bahamas



been put in, but the main corri-

’ dor tying all these subdivisions

in” has not been put in or
paved.

If the approval process failed
to account for the need for road
and access corridors, “many
people will be riding home
through pothole-filled roads”.

“Will it be addressed in the
legislation, planning and
resources? Yes, but we will not
fix it overnight,” Dr Deveaux
said.

“What lessons. we will take
from this are that in approving
subdivisions going forward, or
accommodating subdivisions
going forward, further planning
and details have to be factored
into the sale of lots, the price
of lots or the infrastructure, so
developers are kept abreast of
the state of infrastructure
progress. They can’t lag too far
behind.” . ’






integration.

America.






Citrix)



(242) 502-5428.

. To read and approve the Minutes of the last Annunal |

_ To ratify, confirm and approve the acts, transactions and



General Meeting. . .
To receive and consider the President's Report;
To receive and approve the most recent Annual Report
(complete with Audited Financial Statements) of the Society. }





proceedings of the Directors, Officers, Members and

hsm MRA AEE SIRE RNS RE SS GIO GENS ERTS POLE TEE RS BLS EL LEE IAS NE TER IE ES

.
EFG Bank & Trust (Bahamas) ‘Ltd, disubsidiary of EFG International, .
provides Private Banking and Wealth Management services to clients around
the world. Our client relationship. officers combine their strong relationship-

‘management: skills with the resources that are available at EFG, helping

them provide a full range of quality wealth management services. In order to

strengthen our IT team in Nassau, we are looking for a qualified candidate for
the following position:

IT Systems Engineer

In this challenging position, your responsibilities will include:

Support and management of Windows servers, including domain
controllers, application and Exchange Server 2003. — |
Support Citrix Metaframe and other Enterprise applications.
Ongoing system administration of the Windows Server infrastructure
services including Active Directory, DHCP, DNS, and WINS.

Support and manage Window XP desktops and laptops, including

all user application support.

Create server and network documentation and generate reports

for internal and audit review.

¢ Manage network security systems for LAN/WAN and VoIP

. Troubleshoot network-related performance problems.
Provide technical support to local and remote users in regional
offices including Grand Cayman, Canada and Central/South

“VREVA WAR Healey dis eStec eH ROY Fite UABnted individual with good time
management and project managément skills as well as Good interpersonal and
communications skills. The successful candidate must be a team player, with
the ability to travel and work with local and international team members.

Minimum Requirements

* At least 4-6 years experience in Network/Server Infrastructure with
troubleshooting experience in O/S, network, database technologies and
server hardware in a medium to large scale environment.
B.S. Information Systems, Computer Science or related field
Strong analytical and problem solving skills with the willingness and
capability of multi-tasking effectively.
A background in the financial services industry (Retail and/or Private
Banking) will be a plus.
Advanced knowledge in; ;

* Operating Systems; Windows (2000, Server 2003 and XP) and

LINUX/UNIX.
¢ Network Infrastructure Management (TCP/IP, DHCP, DNS, WINS,

¢ WAN Technologies (Circuits, routers, firewalls)
* LAN (Switches, structured cabling) and PBX
° Cisco Certified Network Associate desirable.
° Proficient in Data Centre management.
Certifications a plus (MCP, CCNA, MCSE, Servert+)

Interested applicants must fax applications to: Human Resources Manager at:





> December 31st, A.D. 2007

& 0 appoint the Society's Auditors and authorize the

Directors to fix their remuneration for.the ensuing year;

7. To approve proposed changes to the Articles of Association |

of the Society; and;

8, Any other business, which may properly come before the

meeting or any adjournment thereof,



s of the Society of the Society for the year ended









































ee YN ORR NO RL EL ARNE

So RS RR NR RTA AM AES BS A PAE ARE PO BAN HS NE A TEE a

AOR RAREST

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reed eet Dag we L



PAGE 6B, THURSDAY, SEPTEMBER 18, 2008




JUDGE PARKER










JUST AS
DIXIE JULEP
IPENTIFIEO



NOT WITHOUT A LOT
MORE DOPE.’

D

WHEW < - IM

GLAD NO ONE’S YQ
HERE. I COULON’/T
DEAL WITH
NAGGING











Cw







A YARD SALE FOR

G20 tS

id Rights reserved

.
at, 8S

© 2008 by King Features Syndicate, inc.

MARVIN

WE'RE KEEPING AUNT CORAS
CANARY WHILE SHE'S ON
Cana A CRUISE

Ce
A
aT
(Ca











www.kingleatures.com

TIGER

SOMETHING IS
STUCK INSIVE
MY TRUMPET







































1 PEEL
TERRIBLE,
DOCTOR /

ry
I MUST SAY
YOU LOOK

Ae



Across
1 Didn’t stand around
to see an animal

2

changing
colour (5) ' 3
8 The good side of a dual
personality (2,6) 4
' 9 Piece of land is on lease

(5)

10 Do they help one to see 5
what one is eating? (3-5) 6

11. Opera socially
acceptable in Lent, for
example (5) 7

12 Material agent (3)

16 Girl Colin goes out East to 12
see (6)

17 Well-known bather’s shout 13
(6)

18 He deals with beastly com- 14
plaints (3)

23 Used for boxing and often 15
hit during fights (5)

24 Very warm fabric — possi- 19
bly stolen? (3,5)

25 Claud reformed with grace 20
(5)

26 Political victim of restrictive
practice? (8)

27 Brilliant combination of the 21
Hebrew and the Spanish
(5) 22

Yesterday’s Cryptic Solution

Across: 1 Withdrawal, 6 Clef, 10
Stall, 11 Destroyer, 12 Belabour, 13
Tryst, 15 Marches, 17 Aerosol, 19 Re-
enter, 21 Seaways, 22 Plumb, 24 Pea-
green, 27 Principal, 28 Idaho, 29
Reed, 30 Crowd scene.

Down: 1 Wasp, 2 To a degree, 3
Delia, 4 Arduous, 5 Austria, 7 Lay by,
8 First flush, 9 Criteria, 14 Emery
paper, 16 Hits back, 18 Space race,
20 Repaper, 21 Shallow, 23 Unite, 25
Rails, 26 Coke.



ALAN ARRIVES AT THE GALLERY AND. »+)"\WHEN I'M HIGH IT’S
EASY TO LIE TO HER.

AIT A SECOND! THIS PICASSO
Rei eeCee WITH A "KS"

Be A
3450 WHAT ow \



IM SURE YOU TWO ARE
GOING TO BECOME GREAT

1 KNOW WHAT



CRYPTIC PUZZLE. .—_,_ |:

Down



WHAT ARE YOU
DOING HERE,
MR. DRIVER?

I DON'T THINK THAT'S
WHY SHE'S HERE,



www.Blondic.com



FRIENDS !

|
Gi 7}

©2008 by North America Syndicate; Inc. World rights reserved. .

Fi leas;

THE TRUTH —



Australia’s largest
territorial

detachment (8)

A translation that creates
antipathy (8)

Badly rhymed, like the -
other side of

8 Across (2,4)

Decimal fraction (5)
Instruments

that produce false notes?
(5)

Hawaiian love may be wel-
come to strangers (5)
Short clergyman appears
to accelerate (3)

The favourite

shows ill-humour (3)
Noble combination of duck
and hare (8)

The work of a high-minded
artist? (8) ,

Feel free if inside the
tower (6)

Nothing among

the new rich

can be got for

a song (5) 7
Condition put into words
(5)

Keep a shop (5)

EASY PUZZLE

Yesterday’s Easy Solution

Across: 1 Bed of roses, 6 Ache, 10
Deter, 11 Appealing, 12 Fireside, 13
Clang, 15 Overrun, 17 Sarcasm, 19
Outrage, 21 Veteran, 22 Amass, 24
Isolated, 27 Interpose, 28 Babel, 29
Nick, 30 Betterment.

Down: 1 Bode, 2 Detriment, 3
Farce, 4 Ovation, 5 Express, 7
China, 8 Engagement, 9 Baccarat,
14 Coronation, 16 Reassure, 18
Agreeable, 20 Episode, 21 Violent,
23 Attic, 25 Amber, 26 Glut.

|
ph
I

r TELL ME Vw






CARES IF HE DION'T KNOW BEANS:
ABOUT SPELLING?





SOME NOTES
You FORGOT FROM
YOUR LAST SONG



Tr

Boles a| ele
Py Ts) Md) |

Across Down
1 Guide (5) 2 Working together
8 Unintentionally (2,6) (2,6)
9 Aplanet (5) 3 During the journey
10 Protesting strongly (2,3,3)
(2,2,4) 4 Shortsightedness (6)
11 Cautious (5) 5 Narrow opening (5)
12 Chatter (3) 6 Trap (5)
16 South American ~ 7 Become aware of (5)
republic (6) 12 Hiatus (3)
17 Choice (6) 13 Lad (3)
18 Give a profit (3) 14 Never (2,2,4)
23 Plant (5) 15 Permanently (3,5)
24 First and foremost 19 Power to attract (6)
(5,3) 20 Italian poet, d.1321
25 Split (5) (5)
26 This way and that 21 European mountain
(2,3,3) ash (5)
27 To rib (5) 22 Intoxicating (5)

INSANE 2!

VE YOu BEEN
AKING YOUR
VITAMINS 2

CALVIN & HOBBES

HAVE YOU BEEN READING THE | . ACID RAI
PAPERS? GROWN-UPS REALLY
HAVE THE WORLD FOULED UP.








SEWAGE

ersal Press Syndicate

“©1988 univ

I’M SIMPLY
PAYING MY
Mi] RESPECTS,
\ petective!














‘B00 OF

"puRG Eos OWy Fae

peer

SA

‘1 JUST BROKE ONE OF YOUR
OR KNACKS. I’M NOT SURE

HOLES IN THE OZONE,
AND ON AND ON!

\
tf
+.



THE TRIBUNE




THE ONIN BRIGHT SIDE TS
AUL THIS (S THAT EVENTUALLY
THERE MIN NOT BE A PIECE
OF THE PLANET NORTH
FIGHTING OVER.

N, TOXIC WASTES,






\N THE OCEANS,

S








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



























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

KNICKS,
WHICH.”

9/15

Difficulty Level *








Best described'as’a number crossword, the task in Kakuro is to
fill all of the empty squares, using numbers 1 to 9, so the sum of
each horizontal block equals the number to its left, and the sum



of each vertical block equals the number on its top. No number
may be used in the same block more than once. The difficulty
level of the Conceptis Kakuro increases from Monday to Sunday.



1S SHE









NM O]O)



|
|













accurate follow-up, farced Kramnik’s
: ; Ke

HOW many wards of
four letters or more can
~ you make from the
letters shown here? In
making a word, each
“letter may be used once
only, Bach must contain
the centre letter and
there must: be at least
one nine-letter word. No
plurals, or verb forms









13 14









‘banter bare barite







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









| NI]

9/15

Vladimir Kraninihk v Wishy Anand,
Amber Monaco 2008, This October
indis’s Anand and Rassias Kramrak,
ranked the lop hwo qrandmasters

in the world, meet int a L2-gaene,
€1.5m series for the supreme crawn. had a different and far stronger
The result fools too dose to call, but idea, One crushing move, and an
Anand gained a psychologizal edge ;

with today’s puzzle, Slack (fo move}

ig already two pawns down and

faced with White's threal of cxb?+,

50 the position seems resignable for
. Agard. The try L..Ghie 2 K1L 8 just
a single check but the sacrifice 1.
Ride is better and should draw after -
2 Sixt Gh2+ 3 MF Gehis. Anand



ending in “s”, no words
with initial capitals and
no words with a hyphen
or apostrophe
permitted. The first
word of a phrase is
permitted (e.g. inkjet in
inkjet printer}.

TODAY'S TARGET

Good 20; very good 30;
excelent 40 (or more}.
Solution Monday.

beater been beer beet
beneath bent berate
beret herth beta bier
bint birth bite biter -
brae brain. bran brat ~
breath breathe brine
habif herb —
HIBERNATE rebate
rehab tribe

YESTERDAY'S SOLUTION
abet bairn bait bane

barn bate bath bathe
bather bean beanie
bear beat beaten



Famous Hand

East dealer. after a forcing one-club opening:



Neither side vulnerable. East South West North
NORTH Pass 1 & Pass 2¢
#01093 294 24 39 4%
VA3 Pass 4NT Pass 5 &
376542 Pass 5Â¥ Pass 64%
_ &K It was a rather poor slam for the
WEST EAST Italians to reach, but Providence was
@J84 o? on their side (in bridge circles in
VK IG ¥1098752 _ those days it was often said that God
4109 @K3 must be an Italian), and Garozzo
&AI942 #8653 scored 980 points for making the
SOUTH slam. ;
@AK765 When the same hand was played
Â¥Q4 by South Africa and Germany, the
@AQ8 South African pair also got to six
#Q 107 spades, and West, who had been
The bidding: silent during the bidding, made the
East South West North — extraordinary opening lead of the
Pass 1 2 & 46 nine of diamonds. (It is customary to

Opening lead —— four of spades.

This deal occurred in the 1972
World Bridge Olympiad and illus-
trates how different minds can run in
different directions at different
tables.

In the Sweden-Italy match, the
Swedish North-South pair got to four
spades on the bidding shown.
Declarer made six for 480 points
when he luckily found East with the
K-x of diamonds and so lost only a
club trick.

When Italy’s Pietro Forquet and
Benito Garozzo held the North-
South cards, they got to six spades

lead the higher card of a suit when
holding a doubleton.)

It is very hard to blame declarer
for reading the opening lead as a sin-
eleton (or doubleton 9-3). He cov-
ered the nine with the jack and won
East’s king with the ace (covering the
nine with the jack was necessary if
East had started with K-10-3).

After playing the A-K-Q of
trump, the South African declarer led
a diamond from dummy and, after
East followed with the three, confi-
dently finessed the eight. Alas, West
produced the ten and cashed the ace
of clubs to put the contract down
one.

Tomorrow: Look before you leap.

2008 King Features Syndicate Inc



THE TRIBUNE

The Tribune




m By LISA LAWLOR

UICK - you're having a 50th

wedding anniversary for your

parents - you have a fabulous

outdoor location, the perfect gift, the

guest list is prepared, you even have a
menu - but who is actually going to
cook the food - after all you've got the
perfect outfit to and as the host you
have to look marvelous.

Well, for all you people who love to host a par-
ty, and host it with style, (thrée) Restaurant Man-
agement Group, the hottest new catering/restau-
fant managment/event planning dynamo, has
arrived.

Ready to take care of everything to do with fine
dining, (thrée), which offers a unique service to
Bahamians, will doubtlessly be the saviour of
every party. They are proving to be extremely suc-
cessful in their business, as the only group offering
the variety of services they have mastered.

From specialized catering, designing and con-
ceptualizing restaurants, their menus and their
ambience, to arranging cooking classes and much
more, chefs Simeon Hall Jr, Keshlah Smith and
Basil Dean Jr are the ones to call.

Chef Simeon, diréctor of product development,
told Tribune Taste the company's name, (thrée),
represents their creativity and talent for designing
exceptional names for restaurants.

e Three corresponds to the number of partners
in the business, as well as the major companies
they manage.

e With a Bahamian twist three becomes "tree"
their symbol and the interconnected sense that the
image of a tree gives — signifying the multiple
branches of benefits and services offered by
(thrée).

"We're putting all learnings and teachings into
play with our new company," Chef Simeon said.
He is such a perfectionist in fact, that he spent 60
days creating the perfect recipe for conch fritters,
over which time he also tested the Bahamian treat
everyday.

Their services, he insisted, are always confiden-
tial, so Tribune Taste.learnt no names of restau-
rants the company has helped out with any of their
essential attributes. (Thrée) can also plan events,
create ice sculptures, assess nutrition and train in
food safety.













}

PERLE ETS a LE ET ATE

New Bahamian catering group

DOES:

The catered private parties they create can
experience "tabled'hote" — up to 22 courses
with the possibility of 10 different combina-:

. tions. The course-full option would have

mostly small portions — with a "continuous
complimentary process in preparing the
palette" explained Chef Simeon.

The catered gatherings are an experience
not to be missed, as he said that the host may
choose between two styles of food prepara-
tion. If the host would like to give guests an
unforgettable experience, the team can bring
all necessities to compose their delicacies on
location — with the added possibility of hav-
ing Chef Basil perform an ice sculpture right



OFFERING A unique
service to Bahamians,
(thrée) Restaurant —
Management Group,
the hottestnew
catering/restaurant
managment/event
planning group
“specializes in catering,
designing and concep-
tualizing restaurants,
their menus and their
ambience, to arranging
cooking classes and
much more.

LEE Eee



WEDNESDAY, SEPTEMBER 17, 2008, PAGE 7B

LL

in front of their eyes. Or, for those interested
in saving time, the food may be brought 90
per cent prepared with only a small amount
of preparation necessary once on location.

At a recent birthday party, (thrée) also
developed a kitchen studio set-up for the
guests in which they had a cook-off similar to
the likes of "Iron Chef" or "Food Challenge"
of the Food Network. Guests competed
against each-other to make the best version
of a certain recipe. And this is just one of
many theme parties the chefs can create.

Tn 2010 the chefs are hoping io open a
restaurant, at which time they are also plan-
ning to release a cookbook composed of the



chefs' journals along with their recipes.

After the surprising, interactive dishes
designed at each gathering - the wonder
experienced and the fond memories created
are held dear to each and every guest. In fact,
Chef Simeon said, the management group is
completely tied up with restaurants seeking
their expertise in restaurant development,
but they do have time for private catering

" events in which they cater to 10 to 100 guests.

° For more information on Theée, call
225.4663, 424.4183 or visit send an email to
threerestaurantgroup@gmail.com

















SMOKED GUAVA
BARBEQUE SAUCE

Ingredients

1 80z can tomato sauce

1 602z can tomato paste

2 tbsp brown sugar

2 tbsp balsamic vinegar

1/4 cup dark molasses

3 cloves garlic crushed

1 Ib guava shells -

1.tbsp Worcestershire sauce
1 tsp dry mustard

1 tsp cayenne

1 tsp liquid smoke

Fresh ground pepper to taste

Method

Combine all the ingredients in a
food processor and add to low
heat and simmer for one hour.



NB: This sauce is exc
game hen, pork and bet

CE

THE country

oe UWI stucents host dinner featuring St Kitts

reveal its cui-

sine first is St

ae” FOR the next eight weeks, students and Nevis, which became an inde- hidden gems that are St Kitts &

dents will step from the University of the West pendent country on this date 25'years Nevis, and also celebrate the coun-

up to the plate Indies (UWI) Hotel Management ago in 1983. try's silver anniversary of indepen-
Programme will be expected to plan The dinner will take place under dence.

and showcase

their interpreta- and execute a restaurant using their the theme, "Discover, taste, love, §£——W\—____
tion of chosen Caribbean country. remember...St Kitts - A Silver Cele- ¢ UPCOMING COUNTRIES BEING
Caribbean Beginning Friday, September 19, bration." FEATURED INCLUDE:
themed cuisine two students will step up to the plate Not as large as many of the Belize - September 26
at the UWI and showcase their interpretation of Caribbean islands, and perhaps not as Bahamas - October 3
House Restau- Caribbean themed cuisine at the popular, St Kitts' nevertheless has a St Vincent & the Grenadines
rant, Thomp- UWI House Restaurant, Thompson history and culture that is second to - October 10
son Blvd Blvd. none. Grenada - October 24
: The first offering will be of special The students assigned to this first Barbados - October 31

Jamaica - November 7
Trinidad & Tobago - November 14

restaurant, Delano Liburd and
Tameika Bake, hope to display these

significance, as the country chosen
to reveal its cuisine first is St Kitts





PAGE 8B, WEDNESDAY, SEPTEMBER 17, 2008

THE TRIBUNE

The Tribune





Mark Humes/Photo

THE 1st Annual Ford Models' Supermodel of the Bahamas competition
and Models242 Male Face search promises to be a high calibre, one of
a kind event, which will see one young lady whisked off to represent
the Bahamas at the Ford Models ‘Supermodel of the World’ competi-
tion in Montenegro, and one young man headed to New York, the fash-
ion capital of the world, as the Male Face of 242. Pictured.above.is, one.
of the contestants Jourdana. see



ready to rock the world

INTERNATIONAL fashion

ty and culture on display at the
1st Annual Ford Models' Super-
model of the Bahamas competi-
tion and Models242 Male Face
search grand finale.
Hosted by Island FM radio
personality Christina “Chrissy
Love” Thompson, the event will
pay special tribute to the leg-
endary Pepper Johnson, an icon-
ic figure in the Bahamian beauty
and fashion inclustry. It also
promises to be a high calibre,

one of a kind event, which will '

see one young lady whisked off
to represent the Bahamas at the
Ford Models ‘Supermodel of the
World' competition in Mon-
tenegro, and one young man
headed to New York, the fashion
capital of the world, as the Male
Face of 222.

“ii a city void of major fashion
events,” Anthony Smith, execu-
tive producer of the show, said
“the Models242 and Ford Mod-
els' event will bring a night of
cutting edge beauty and fashion
to the nation's capital, with the
central spotlight being focused
-on the young and talented who

are working in front of and -

behind the scene to put the
Bahamas on the fashion map, by
taking Bahamians beauty global.

“We want this inaugural event
_ to be a unique and memorable
one,” Mr Smith said. “I do not
want to spoil it by giving too
much away right now, but I can
simply say that, in one of the
most unique and unlikely set-
tings, we will marry the latest
chart topping music and live
musical, performances, from
artists like Sammi Star, with per-
formance art, lixe speak easy
poetry from Naje 2 Dunn, to cre-
ate a fashion expe rience so mem-
orable that people will start lining
up the day after the event is over,
trying to get tickets for next
year's show." © .

Earlier this week, the public
got a chance to see the young
ladies who will be seeking the

one stayed home and missed this F

the tribute to Pepper Johnson.
“We are planning something spe-
cial for that segment. That is all
I can say about that.”

New York based makeup and
hairstylist Emi Kaneko, who has

. worked with Elle Magazine, and

Jen Myles of Six Degrees Maga-
zine and Turner Broadcasting,
will put their expertise to work in
order to have the models looking
“show” ready. ‘

In addition to Kaneko and
Myles, clothing stylists Sarah
Sheridan and George Rivera will
also be in town to assist with
model makeovers in preparation
for the big show.

Judges for the, event will
include Ford Model representa-
tive Juliana Goncalves, Rock and
Rol! photographer Greg Waiter-
mann, and Wayne Sterling, edi-
torial director for Models.com.
SHE Magazine's editor-in-chief
Mae Wayne, who was tapped as
one of this year's surprise judges,
has offered to feature the win-
ner of thé event in an upcoming
editorial spread in the hugely
popular Caribbean fashion mag-
azine. ak
- Tickets for the event, which
go on sale today, can be pur-
chased from Diamonds Interna-
tional on Bay Street, Carlos
Valentino on Bay and Victoria,
Flaunt It on Rosetta Street,
Urban Nation in the Mall at

Marathon, and Coco Nuts” :

Bahama Grill on West Bay
Street. maa

“We want to make this first
event a very intimate one, so
there will be a limited number:
of tickets being printed and
sold,” Mr Smith said. “And since
we announced on Monday when
tickets were going on sale, I have
already had a number of people
call me to reserve tickets for
them. So I hope people don't
wait until the last minute to try
and get tickets. There may not be
any left for the last minute from
all indications.”








Soaring to





the heavens on the

m@ By JEFFARAH GIBSON



EW to the Bahamian airwaves,D ~

Angel aka Johnny Deayne Rude Boy

has. emerged onto the Bahamian enter-
tainment scene with a carefully crafted sound
that combines the rugged elements of rake &
scrape, Junkanoo bh rap, to capture cultural
life in the Bahamas. |

Not just limited to one musical genre, the talented D
Angel creatively draws.out a complex sketch of Bahami-
an life in his three new singles, 'Rude Boy’, ‘Island Step-
pa', and 'Snow Flight’, in an effort to reach the hearts
and minds of his audience, regardless of their location.
“My music embraces Bahamian life and the way we live.
It also has.an international groove to it. Since my moth-
er is also from the States and I spend a little time over

‘ there, it's a mixture of Bahamian music and internation-

al music.”

Despite his previous residency in the United States, D
Angel's music has not been entirely influenced by rap, °
which has emerged as a dominating cultural force both
within the US and globally. He has been able to bring
together three different musical styles to accentuate his
music.

“As an artist T have to be open minded, but to be hon-

WeCPCaliy aa eee aa » be said.

Although rap music is appreciated by many people
worldwide, D Angel holds a different view about pre-
sent day rap music, contrasting it with rap music of yes-
teryear. To him, rap music has changed over the years

_and the intention of current rap artists and: their music,

he believes, is not to make an impact but to make a
‘quick dollar’.

“Rap music is so different from back in the day. One
time ago you could have listened to rap music and have
an appreciation for it since it had meaning, now most
rap music is only talking about money, cars and
women.”

The meaninglessness of rap music has inspired him to

_ write lyrics that have some significance, and that are

without boundaries, and that will inspire people of all .
ages, colour, class or creeds. “The message my music
sends out is the message of pride, national pride, nation-
alism and patriotism. It's more or less geared towards a
person and their cultural identity and helping them to
define who we are. Those are some of the things that I
try to focus on in my music.”

His inspiration also comes from his mother who is a
huge fan of jazz and classical music. |

Quite content with the work he has done with his lat-
est CD, D Angel said that his main aim is getting inter-
national exposure and really making it big in the inter-
national limelight. “We have done so much in the
Bahamas, basically I want to get international exposure
since music is my passion.” :

And it has been his passion since he was a teenager.
Performing in talent shows and participating in many
musical activities, D Angel made his first record when
he was in the 10th grade. 9

Recently, he has also been featured in a number of
concerts in an effort to get his name and his sound out
to the masses. He collaborated with the 'Make Em Lis-
ten' movement, where he was one of the featured
artists, as well as the spokesperson for the concert.

Along with those activities he has performed in a pri-
vate show at the Sandals Royal Bahamian Resort, and
has also taken his act abroad, being featured in several
shows in Florida.

A community activist of sorts, D Angel also spear-
headed an arts and entertainment event in the
Carmichael Road area that featured a number of musi-
cal artists and poets. And in the future he plans to put
together a show where freestyle rap is featured and

‘Bahamian talent is displayed.

D Angel is very positive about his music and also
hopes for the best for other inspiring artists in the

’ Bahamas. Part of his plan going forward is to encourage

Bahamians to look amongst themselves because the
country is overwhelmed with talented musical people.
“What I want to try to show people is that the Bahamas

D ANGEL creatively has many talented people. We need to use our talent

Top Model prize, and next week, | : ;
and stop trying to import other people onto our radios.

they will get a chance to meet ? draws out a com- : :

the guys, Mr Smith said. “We ° To reserve tickets forthe event : plex sketch of We need to play the music made by our Bahamian peo-

will have some of the most amaz- or to get further information, call : Bahamian life in his ple.” ;

ing young people on stage that 380-8723 or send an email request: three new singles, D Angel also used the opportunity to thank those who
had supported him in his efforts to further his music





night. It would be ashame if any- _ to models242bahamas@yahoo.com. : ‘Rude Boy’, ‘Island aif
. . mere 1 ot@Ppa’, and ‘SNOW psf
Flight’, in an effort ~~
: to reach the hearts
@ : and minds of his
@ : audience.

NCity makes a move

WITH three singles currently out on international airwaves, including
"Couldn't Recognize", Believe and Skyy have been busy promoting and per-
forming. Upcoming shows for NCity:

career, including Twin Brothers, Hudson's Place, The
Basement and The Juke Box.








° Interested persons can get a copy of D Angel's CD at Hud-
son's Place, the Basement Clothing Store, and The Juke Box in
the Mall at Marathon.

i





Share your news

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

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















e September 19 - Kinesis Photography Exhibition - Wyndham Nassau es
Resort, Crystal Palace.

¢ September 26 - Lil Wayne and Buju Banton concert (Popping Bottles),
Nassau.



The duo are also using their artist status to do something for charity. : tay
They will play at the COB Basketball & Music Classic alongside fellow artist: © i 4 he %,
and promoter So$aman. i i :
The COB team will face off against the Music All Stars, featuring NCity,
Sammi Star, TaDa, So$a, Padrino, Dion Da Butcha and more local artists %~
& dis The event will take nlace Friday, September 19. a

igs
A



THE TRIBUNE

WEDNESDAY, SEPTEMBER 17, 2008, PAGE 9B



The National Dance
- Theatre Company of
Jamaica returns to Nassau _

DANCE is’an expression of the

soul...it can tell a story of strug--

gles, and triumphs of a people.
The art, when perfected, can
evoke an emotion unlike any oth-
er. An emotion that can some-
times inspire someone to do great
things...Dance is simply a way of
life!

To see the spectacle of a Broad-
way performance on television is
one thing, but to witness an
astounding performance - such as
of the National Dance Theatre
Company (NDTC) of Jamaica
which returns to the beautiful
shores of Nassau after more than
a three decade hiatus - will take

your breath away from beginning

to end.

An internationally acclaimed
dance troupe, Jamaica's NDTC
will star at the Rainforest. The-
atre, Wyndham Nassau Resort
and Crystal Palace Casino during
a two-night performance, Sep-
tember 19 and 20. Bahamians are
in for an experience that is unpar-
alleled to any other, and is one of
mind-boggling extremities.

There will also be a special stu-
dent matinee performance on Fri-
day, September 19 at 1pm for
school children only.

Jamaica's NDTC is known for
the versatility of its dancers,
singers and musicians, and the
company has won praise for its
enormous energy and discipline
and a combination of great phys-
ical strength, delicate grace, and
theatrical presence.

The diversity and wide range
of its repertoire takes audiences
the world over from Caribbean
story-telling and pantomimic play
through ritual evocation to mod-
emesque inventive designs carved
in space. The NDTC has been
described as Caribbean dance-the-
atre with a modern dance impulse.

The special performances are
being held in commemoration of
the University of the West Indies
60th anniversary and is put on by
the UWI Alumni Association in
conjunction with the UWI Alum-
ni Medical Association-Bahamas

Tavares Strachan reaches for —
space - the final artistic frontier

ONE of the brightest stars to
emerge on the Bahamian land-
scape, artist Tavares Strachan
has tapped into the outermost
limits of his creative genius to
undergo a week long training
session at the RSA’s Yuri
Gagarin Training Facility in Star

‘City, Russia to train as a cosmo-

naut.
Readying himself to go where
no other Bahamian - artist or
civilian - has gone, Tavares’
space exploration training, which
took place earlier this month, is

only one step of a long-term |

multi-phased art project the
artist calls "The Orthostatic Tol-
erance".

This project will probe the rela-
tionship between physical explo-
ration, the creative process and
the role of art in pushing physical
and intellectual boundaries.

In preparation for his "to
infinity and beyond" space train-
ing exercise, Tavares underwent

physical and psychological test- .

ing ranging from vestibular con-
trol to preparation for the
extreme forces of gravity in the
centrifuge. These events served
as the initial period of training
for Tavares whose many goals
include a journey into space.
“There is a sense of satisfac-

)

Chapter. d

All UWI campuses, Mona and
Kingston, Jamaica; Cave Hill, Bar-
bados; St Augustine in Trinidad
and Fobago, and the Open Cam-
pus in the Bahamas, are holding
signature events, and the alumni
chapter of the Bahamas has joint-
ly decided to host the NDTC as its
premier signature event.

The NDTC is under the direc-
tion of Professor Rex Nettleford,
vice-chancellor emeritus of UWI,
as well as a UWI Alumni and a
distinguished son of the
Caribbean.

Mrs Missouri Sherman-Peter,
president of University of the

West Indies Alumni Association- ©

the Bahamas Chapter, said the
event is under the distinguished
patronage of Governor General
Arthur D Hanna and Mrs Hanna.

According to Ms Sherman-
Peter, UWI has made a substan-
tial impact on many Bahamians,
including herself, and the event
will help to recognise such a great
institution in the Bahamas.

Over the coursé of 60 years,
UWI has educated Bahamians
from all walks of life, including
members of the judiciary, minis-
ters of Government, parliamen-
tarians, senior public officers, per-

manent secretaries and distin-.

guished members of the medical,

‘educational, légal; business and

engineering professions.

The signature event for the
Bahamas Chapter promises to be
spectacular and it is hoped that
the nation would embrace this
opportunity to see the art of dance
at a world class level.

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and 5th Terrace (325-3581).





tion in watching a climber reach
the top of a mountain or a run-
ner recording the fastest time,"
Tavares said. "I believe that
exploration is at the core of all of
us. We need to: know what’s
behind those hidden doors, we
need to collect those experiences
on the way. I guess I am no dif-
ferent. There is a certain bound-
lessness when I think about
space and the way that the uni-
verse is infinite. I put myself in
situations as an artist where I

am facing the impossible, it is

what drives me."

With the successful comple-
tion of the Star City training pro-
gramme, Tavares'plans to found
a centre for research and devel-
opment in the Bahamas called
BASEC, Bahamas Aerospace
and Sea Exploration Centre.

An internationally known
artist, Tavares received his BFA
from the Rhode Island School
of Design and his MFA from
Yale University. In 2006, he

-received the Alice A Kimball

Fellowship, and in 2007- 08, a
Grand Arts Foundation grant
and residency. Most recently, he
is an 08 recipient of a Tiffany
Foundation Grant and an Art
Matters Fellowship.

Tavares is most recognized for





AN INTERNATIONALLY acclaimed dance troupe, Jamaica's NDTC will
star at the Rainforest Theatre, Wyndham Nassau Resort and Crystal
Palace Casino during a two-night performance, September 19 and
20. Bahamians are.in for an experience that is unparalleled to any
other, and is one of mind-boggling extremities.

“THE ORTHO-
STATIC TOLER-
ANCE" project
will probe the:
relationship
between physical
exploration, the
creative process
and the role of
art in pushing
physical and
‘intellectual
boundaries.




of
x9

Kote

his Arctic ice project where he
expelled a four ton block of ice
from 500 miles under the Arctic
Circle and hauled it to his home
town Nassau for his exhibition.

His work has been exhibited
at galleries and museums in
Europe, the Caribbean, and
throughout America, including
The Wadsworth Atheneum
Museum of Art, Hartford, CT;
Grand Arts, Kansas City, Mo;
The Mattress Factory, Pitts-
burgh, Pa; the House of the
World Cultures, Berlin, Ger-
many and the Safn Museum,
Reychavik, Iceland. He has also
had solo gallery exhibitioiis in
New York, Los Angeles, San
Francisco and Germany.

He currently lives and works
in New York and is represented
by Pierogi Gallery (NY, Leipzig)



Win 1 of 2Shopping > —

Sprees fron Kotex.

The ABC'S of art

FROM page 10

Throughout primary and mid-
dle school, students everywhere
build on their artistry skills, but
one high school art teacher says
Bahamian students are not
being given sufficient instruc-
tion at this level.

Will Pluck, the art instructor
for Prince William High, told
Tribune Arts that students some-
times arrive ill-prepared to begin
their studies for the BJC and
BGCSE exams. "Throughout
middle school," he said, "art is

not taught as its own subject"..

And this is something that caus-
es the students’ lack of under-
standing balance, proportion
and perspective. "They may get
a colouring book, but that is not
stretching their imagination,"

; _ Mr Pluck said.

Appalled by the inadequacy
of students' art appreciation
when they reach high school,
Mr Pluck said that he has’ to
‘teach them simple aspects such
as the colour wheel, noting that
"they have no critical analysis
in their drawing".

In such cases, he said, he can
no longer teach a theory com-
ponent for the BJC because of a
lack of time. Mr Pluck does
however offer theory for those
who are very prepared and

‘studying. at the BGCSE level. —

"It is'a problem because in oth-
er subjects, students do get some
preparation in the primary and
middle schools," he safd,

Through the practice of art,
students can branch-out into a
dynamic range of careers
beyond being an artist or an art
teacher. The many options to
be followed by a student with
strength in art include being a
graphic artist, an architect, a
fashion designer, or an interior
designer. "It is definitely an
area of professional interest
and function, and it is too bad
that it's sometimes de-empha-
sized in the school system," he
said. ~ '

One artist who did not -take
the de-emphasis too seriously
is professional artist Kishan
Munroe, the creator of ."The
Universal Human Experience"
movement.

In his early days, Kishan rem-
inisced over the paint sets he

got as presents, thé beautiful
“ 3 J

7 2 shoppin
Ros ah ne erdal






EW

Kotex..~

SECURITY? TAMPONS:







G

RA WAAOO LAL ADAP OO AES OORRIELLEIELIOOON ADPOOLLLLE OLILTORDD TDAP LLOLEPTRED ay,

' To enter attach 2 wrappers
from any size package of

creativity that exists in his fam- '

ily and their absolute support of
his own artistic talent.
"Through art, you learn to
think and make judgments for
yourself, not just accepting
what anyone says. You have
your own expression and exam-
ination."

Kishan definitely believes
that art should continue to
flourish in schools, saying that
there is now a steady decline
in creativity among Bahamian
youths. "There are not a lot of
people with the love of art -
and without appreciation of
thinking for yourself, more and
more children will fall into the
same patterns as their older

counterparts, being victims to ‘|

peer pressure," he said.

On the other hand, art is all
encompassing: You must pick
up, feel, smell and look at an
object and create your own
understanding of it. Otherwise
you are ignorant to the world,

and Kishan believes that |

"politicians prey on ignorance |

and the lack of self examina-
tion."

He feels that as a profession-
al young artist, his journey
towards his goal was not well

supported in the Bahamas '

amongst friends and family

members who would ask, "But 3
what you gon' do? How you !

gon' eat?" To that argument he

says that everything in life is a ‘|
gamble. You could study busi- °

ness and not get that top bank
job, and similarly there are no
rules in art.

Art brought Kishan to his
journey on the Universal
Human Experience, which
started on August.21, and will
traverse countries all over the
world. So far he's attended Car-
ifesta in Guyana, experienced

the border conflict in Surinam,

and is now in Trinidad. He
hopes to tap into the mentality
of each nation, exploring both

the historical and contempo- °

rary conflicts base? on immi-
gration.

His mission statement’ "to :

inform and educate the global
public, furthering cultural
understanding, tolerance and
the eventual progression of
world peace," is strongly based
in his belief that art can com-

.municate to everyone across

the world.

S

Kotex.

ULTRA THIN with WINGS
OLTRA MINGES avec ATLES

3




) i

Buy any 2 of these products




*y

and the Ronald Felman Gallery
(NY).





Name:

|
|
|
|
|

Address:



e For additional information about
Tavares Strachan and this project
please contact: Pierogi Gallery, 177
North 9th Street, Brooklyn, NY,
71211. Or call phone:
1.718.599.2144. Interested persons
may also check out www.piero-
gi2000.com/flatfile/strachant.htm!

t
|
|
|

Telephone:



~ Fillinthe blanks

K _ t_x protection for
every woman.

® Registered Trademark of Kimberly Clark Worldwide, Inc 2008 KOWW.



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“Nanogomnognmmentonengent CRRURESRRESE ASS Gian aRaneRE MARSA ORICRRENNE oo ag Sones ne

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Kotex to an entny, fill in the
blanks on the skill question,
and drop into the contest
boxes at participating food
stores or The d'Aibenas
Agency in Palmdale.

Contest ends September 19.

De



RRR,

families are not eligible to enter the contest.


















Kids put their artistic
skills on display at
The Little School House

=> UWI students
| host dinner heavens on the

featuring St Kitts

See page seven See page eight



soaring to the

@ By LISA LAWLOR

N the early weeks of the new school year, students

of all ages are getting back into their old rhythms -

reconnecting with old friends, getting to know new
classmates, exploring new subjects and adjusting to
new teachers and schedules. One element that remains
constant however, is the importance of art in the devel-
opment of a student's creativity, intellect, and ability to
engage in critical analysis.

At The Little School House, the tinniest tots, between the ages of two
and five, begin their musings in painting and drawing. With themes such
as "art appreciation" every semester, the children learn about differ-
ent types and styles of art.

Calling it a beautiful form of expression, Kara Nottage, principle of
The Little School House, said that even at her student's tender age, art
allows an individual's emotions to come through.

_And beyond the subject's ability to help youngsters unleash their cre-
ative leanings, art also promotes spatial awareness, she said, as well as
supports a better understanding of mathematics.

"For a three year old to be doing a painting of the stars, they are
going to be putting various marks that are representing stars - that
would be something they could use for counting at a later date - per-
haps looking at the painting the next day as a group and talking about
the colours, how the artist felt when they were painting and then
counting the different stars that were painted."

While raw artistic talent is usually drawn out with time, age and expe-
rience, the artistic expressions of even the youngest child can help take
them through rough times, happy times, and even exploratory times.

Students at The Little School House begin their art experience with
a watercolour workshop run by a local artist, Thierry Lamare, once a
week. By the end of the year each student has built up a portfolio that
allows the school to host an art auction, with parents bidding on their
own child's works.

The students are also exposed to other art forms including the
"mini violin programme" with Joanne Connaughton, as well as poet-
ry readings and plays such as The Polar Express, The Snowman, and
The Wizard of Oz. This prepares them for later school years, practic-
ing social skills and maybe even a life career.

Mrs Helen Sweeting, the sports coordinator and teacher for the
four year olds, explained that art is an ongoing activity for this age

group.
SEE page nine

voice of D Angel

V£





7 - Di : eT ee Oe

FROM A paper tube ‘Rocket Ship' to a paper plate painting of the

Earth’, both part of an exhibition titled, Space students at The Little

School House, including Alex Boisclair (left) and Walker Smith,
both four and a half, are exposed to the world of art, from water-
colours, to poetry, to plays, and allowed to give full voice to their
creative leanings.

a









The EPA — Contents & Acronyms



Contents
Message From The Prime Minister 03
Message From The Minister of State For Finance 03
Message From The Chairman of The Trade Commission 03
Background 04
Objectives of The Economic Partnership Agreement (EPA) 05
Structure of The Economic Partnership Agreement 05
EPA Essentials 05
e Trade in Goods 05
° Trade in Services, Investment and E-Commerce 07
e Trade Related Issues 10
EPA Benefits And Opportunities 14
The EPA Challenges and The Road Forward 12
Frequently Asked Questions 12
EPA Summary 15
References, Supplementary And Other Information 16



List Of Abbreviations and Acronyms

ACP African, Caribbean and Pacific
CARIFORUM ~— Caribbean Forum

CRNM Caribbean Regional Negotiating Machinery
CSME Caribbean Single Market and Economy
E-commerce Electronic Commerce

EPA Economic Partnership Agreement

EU European Union

FTAA Free Trade Area of the Americas

GATT General Agreement on Tariff and Trade
ILO International Labour Organization

PUC Public Utilities Commission

MDC More Developed Country

TSA Tourism Satellite Account

WCO World Customs Organization



WTO World Trade Organization



The Bahamas is an open economy with relatively few restrictions on trade.
The economy trades mainly in international services, particularly tourism and
financial services. Our major export earnings come from these two sectors. While exper
of goods are relatively small, they have been significant in areas such as rum, fisheries,
agriculture and polystyrene, to Europe and the USA. Export earnings from our services and
goods export sectors have enabled us to afford the many goods and services we purchase
from abroad to maintain our relatively high standard of living.

The international trading environment has been changing for some time. The World Trade
Organization (WTO), which was established in 1995, is accepted as the arbitrator and
adjudicator of rules governing international trade. The preferential trading relationship that
many former colonies had with Europe discriminated against other members of the WTO
that were also developing countries. Europe was given until December 2007 to negotiate a

Message from the Minister of State for
Finance, The Hon. Zhivargo S. Laing

International trade has had a significant role in our economic growth and
development and has contributed significantly to the economic prosperity and
standard of living that we enjoy today. The Economic Partnership Agreement (EPA) iia
brought the discussion on trade policy into the public domain. I am encouraged by the debate
because through this dialogue by a wide range of stakeholders we are building a consensus
that truly reflects the aspirations of Bahamian people.

of the

elaney

Message from the Chairman
Trade Commission, Mr. John D

The Trade Commission was appointed by the Government and charged with the
function of liaising between the Government and the private sector on trade
matters and advising the Government from a private sector perspective. There are nearly
twenty members of the Trade Commission representing a cross-section of the Bahamian
economy. I have the privilege of chairing that diverse and knowledgeable group of
Bahamians.

Since December 2007, the work of the Trade Commission, has been focused on those aspects

of our economy relating to services and investments that would be impacted by the
Economic Partnership Agreement (EPA). As to be expected, initial reception to the subject

COO EDL DEC OE







replacement Agreement. The replacement Agreement called the Economic
= Partnership Agreement (EPA), establishes a free trade area between the
irepeatt Union (EU) and the states of the Caribbean Forum (CARIFORUM). Importantly,
this free trade area preserves the existing duty free market access that exports from The
Bahamas and CARIFORUM will have to the EU and it provides the framework for
reciprocal trade in specific areas related to services and investments.

The free trade area established by the Economic Partnership Agreement (EPA) represents
opportunities for the private sector. Moreover, the public sector reforms envisioned will
encourage more transparency and predictability in the trading environment. I therefore invite
all Bahamians to use this supplement to understand the EPA and its implications for our
nation and region.

Much about the EPA has been circulated in recent months by various means
§ including television, radio and print media. The purpose of this supplement is
to help i improve the understanding in our community about the EPA. I would encourage all
citizens to read this document as it provides important information about the EPA and its
implications for The Bahamas. Please feel free to provide feedback on the information by
sending your comments to fradecommission(@pahamas.gov.bs

of the EPA was cautious, but also very engaging. Over the weeks and months
of consultations there has been considerable improvement in understanding
the benching of securing market access for The Bahamas (including other related trade
benefits). Stakeholders also recognize that there is still much work needed, in both the public
and private sectors, to establish the appropriate legal and regulatory infrastructure to become
more competitive. Notwithstanding the consultations with tourism, several financial services
groups, construction, professional associations and others, the Trade Commission
acknowledges a continuing need for information sessions with various groups and the
Bahamian public at large on the issues of globalization and the changing international
trading environment.



wy

The EPA — Background

| Background

Since the mid 1940s the world has been moving toward “trade liberalization”. It began with
the signing of the General Agreement on Tariffs and Trade (GATT) and continued with the
establishment of the World Trade Organization (WTO). The WTO is the only global
international organization dealing with the rules of trade between nations. It has 152 member
countries, accounting for 97% of world trade, and around 30 other countries, including The
Bahamas, are negotiating membership into the WTO.

As trade liberalization efforts continued, led in large measure by the major economies
through the WTO, invitations to developing countries like The Bahamas, to formally
participate in trade agreements have been mounting. Such invitations go back to the late
1980s/1990s with the formation of the WTO, the proposed FTAA (Free Trade Area of the
Americas) and CSME (Caribbean Single Market Economy).

The Bahamas has had a trading relationship with Europe for more than 25 years through its
involvement in the Association of African, Caribbean and Pacific (ACP) countries that was
established in 1975.

The European Community agreed to provide Aid and Trade opportunities to the ACP
countries through the Lome Convention. There were four Lome Conventions that provided
the ACP countries with duty-free access on agriculture and minerals and quota-free access
on sugar and beef. This Agreement evolved over the period 1975 to 1999 and was eventually
replaced by a new Agreement in 2000 called the Cotonou Agreement. These agreements
between the ACP and Europe provided one-way benefits to the ACP countries by allowing
them preferential access to Europe’s market. The agreements were challenged by the United
States on the basis that they violated the Most Favored Nations treatment rule of the WTO.
The Dispute Settlement Body of the WTO agreed. Eventually, the European Union (EU)
applied to the WTO for a waiver that was granted until December 31st, 2007, pending the
conclusion of new.arrangements. It was this set of circumstances that resulted in the EU and
the ACP having to negotiate new rules of trade called Economic Partnership
Agreements. The main point of the new agreements would be “reciprocity” or two-way flow
of benefits.

The EU was unwilling to maintain a 30-year old WTO-incompatible trade arrangement that
is subject to challenge from its major global trading partners (US, Canada, etc.). The
Bahamas and the other ACP countries had to decide whether to continue their trading
relationship with the EU, but on new terms. All agreed to negotiate a new Agreement called
the Economic Partnership Agreement (EPA). Negotiations on the EPA began in September
2002.





The Economic Partnership Agreement is a trade Agreement that involves the European
Community on the one hand represented by:



....and the Caribbean Forum (CARIFORUM), represented by:



Map of ACP Member Countries



EPAs are agreements designed to foster the smooth and gradual integration of the African
Caribbean Pacific (ACP) countries into the world economy, thereby promoting their
sustainable development and contributing to poverty eradication in those countries. The
EPA represents the new global reality in international trade, enabling countries to negotiate
agreements that reflect their economic, social and environmental trading interests.

A great deal of flexibility exists with the EPA insofar as it allows countries to adapt to the
new trading environment based on their capacity and development stage.

Aid, be, OO’



The EPA — Objectives,

Structure & Essentials —



_ Objectives of the EPA

The central objectives are poverty reduction and ultimately its eradication; sustainable
development; and progressive integration of the ACP countries into the world economy. The
EPAs also present the ACP countries with new opportunities to:

* Realize regional integration, economic cooperation and good governance through an
effective, predictable and transparent regulatory framework for trade and investment;

* Facilitate the gradual integration of the CARIFORUM States into the world economy
in conformity with their political choices and development priorities;

* Improve the CARIFORUM States’ capacity in trade policy and trade related issues;

* Support the conditions for increasing investment and private sector initiative and
enhancing supply capacity, competitiveness and economic growth in the
CARIFORUM region;

* Strengthen the existing relations between the EU and CARIFORUM countries on the
basis of solidarity and mutual interest;

+ Support a new trading dynamic between the EU and CARIFORUM through the
progressive, asymmetrical liberalisation of trade between them, and

* Reinforce, broaden and deepen cooperation in all areas relevant to trade and
investment.







Structure of
The Economic Partnership Agreement

The text of the EPA is structured as follows:

Part I. Trade Partnership For Sustainable Development
Part II. Trade and Trade Related Matters
Title I. Trade In Goods
Chapter 1. Customs Duties
Chapter 2. Trade Defence Instruments
Chapter 3. Non-Tariff Measures
Chapter 4. Customs and Trade Facilitation
Chapter 5. Agriculture and Fisheries
Chapter 6. Technical Barriers to Trade
Chapter 7. Sanitary and Phytosanitary Measures
Title II. Investment, Trade in Services and E-Commerce
Title I]. | Current Payments and Capital Movements
Title IV. Trade Related Issues
Chapter 1. Competition
Chapter 2. Innovation and Intellectual Property
Chapter 3. Public Procurement
Chapter 4. Environment
Chapter 5. Social Aspects
Chapter 6. Protection of Personal Data
Part II. Dispute Avoidance and Settlement
Part IV. General Exceptions
Part V. Institutional Provisions
Part VI. General and Final Provisions
Protocol I. | Concerning The Definition Of The Concept Of “Originating Products”
and Methods of Administrative Cooperation
Protocol II. | Mutual Administrative Assistance In Customs Matters

Protocol I. Cultural Cooperation

The full text of the EPA is available at the Bahamas Trade Conunission web page available
through The Bahamas Government website at: www.bahamas.gov.bs

_ EPA Essentials

The EPA concerns three key areas of trade:



1. Goods
2. Services, Investment & E-Commerce
3. Trade Related Issues

Trade in Goods

The EPA calls for the lowering and eventual elimination of duty on EU and CARIFORUM
imports into The Bahamas. The Goods Schedule outlines the rate at which duty will be
reduced on EU or CARIFORUM goods over the next 25 years. The process of reducing the
duty or tariff on imported goods is known as “tariff liberalization”.

The complete CARIFORUM Schedule of Tariff Liberalization is available at the Bahamas
Trade Commission web page available through The Bahamas Government website at:

www.bahamas.gov.bs



With the exception of goods in the chapter on arms and ammunition, each good has been
placed in one of seven baskets:

1. The excluded basket — goods not subject to tariff reductions.
Examples: fresh or chilled carcasses and half-carcasses of swine, tomato
ketchup and other tomato sauces, ordinary natural water, paints and
varnishes, basketwork, mattresses fitted with springs or stuffed.

2. The 0 basket - zero duty.
Examples: vegetable seeds for sowing, natural gas (liquefied), propane
(liquefied), vaccines for human medicine, vaccines for veterinary
medicine, glasses for corrective spectacles, music printed or in
manuscript.

3. The 5 year basket — tariff on goods would be reduced progressively over 5 years
from their current tariff to 0 duty.
Examples: roses, chlorine, photographic plates and film in the flat,
sensitive, unexposed, for x-ray, pneumatic tyres used on agricultural or
forestry vehicles and machines, raw silk ‘non-thrown’, wool, sheets of glass,
copper mattes, copper, refined, in the form of wire-bars.

4. The 10 year basket - tariff on goods would be reduced progressively over 10 years
from their current tariff to 0 duty.
Examples: paraffin wax, human hair, dried onions, vanilla, cereals, cereal
flours, apricots, and peaches.



5. The 15 year basket - tariff on goods would be reduced progressively over 15 years
from their current tariff to 0 duty.
Examples: garlic, dried apricots, shrimps, printing ink, shaving
preparations, instant print film in rolls, cocoa powder, dog or cat food,
fresh coconuts, plastic tableware and kitchenware.

6. The 20 year basket - tariff on goods would be reduced progressively over 20 years
from their current tariff to 0 duty.
Examples: fresh or chilled mushrooms, prepared or preserved salmon,
printed books, foot wear with outer soles and uppers of rubber plastic
sports footwear, silver jewelry, artificial teeth, wrist-watches, clocks with
watch movements, alarm clocks.

7. The 25 year basket - tariff on goods would be reduced progressively over 25 years
from their current tariff to 0 duty.
Examples: fresh cut flowers and flower buds, potatoes, rice flour, coconut
oil, unglazed ceramic tiles, household refrigerators, electric ovens,
cookers, fresh grapes, fresh strawberries, olives.

Today 40% of imports from the EU enter The Bahamas duty free. Under the EPA this will
continue to be the case. Additionally, 14% of EU goods coming from the EU will be included
in the “excluded” basket, meaning that they will not have their duties reduced because of
the EPA. This means that liberalization under the EPA will only affect 46% of goods from
the EU and will be liberalized over 25 years.

“Obvious and initial concern came from members that faced

immediate consequence if The Bahamas Government decided —
not to sign the new Agreement. These would be exporters of
fisheries products, manufactured items, rum and chemical —
manufacturers. The expiration of the waiver from the World —
Trade Organization which allowed one way, non reciprocal _
trade in December 2007, without a replacement trade —

Agreement, essentially meant an end of the duty free and
quota free access that these industries had enjoyed for a
generation.”
Philip Simon -
Executive Director of the
Bahamas Chamber of Commerce



Agriculture and Fisheries

The EPA recognizes the importance of agriculture and fisheries in food security, rural
development and poverty eradication and the attention that small-scale operations would
need. As a result, many of the sensitive agriculture and fisheries products have been included
in the ‘Excluded’ Basket. The Agreement also recognizes the need for sustainable fisheries
through conservation and management plans, and therefore has based fisheries management
on the Code of Conduct for Responsible Fisheries established by the Food and Agriculture
Organization. For the Agriculture, Fisheries and Manufacturing sectors, one of the important
benefits of the EPA is that The Bahamas can continue to export these products into the EU
without duty.







As a result of the EPA, countries have agreed to cooperate in the area of agriculture
and fisheries to:

(a) Improve the competitiveness of potentially viable production,
including downstream processing, through innovation, training,
promotion of linkages in traditional and non-traditional export
sectors;

(b) Develop export market capabilities including market research and
the identification of options to improve marketing infrastructure
and transportation and the identification of financing and
cooperation options for producers and traders;

(c) Comply with and adopt quality standards relating to food
production and marketing, including standards relating to
environmentally and socially sound agricultural practices and
organic and non-genetically modified foods;

(d) Promote private investment and public-private partnerships in
potentially viable production;

(e) Improve the ability of CARIFORUM companies to comply with
regional and international technical, health and quality standards
for fish and fish products;

(f) Build or strengthen the scientific, technical, human and
institutional capacity at the regional level to support the sustainable
trade in fisheries products including aquaculture.

There are five non-service sectors included in the Investment Schedule.
Countries are required to indicate the limitations or reservations on
investment in the sectors. The non-service sectors in the Investment
Schedule are:

Agriculture, hunting and forestry;

Fishing;

Mining and quarrying;

Manufacturing;

Production, transmission and distribution on own account
of electricity, gas, steam and hot water.



Manufacturing

The manufacturing sector is included in the Investment Schedule to the Agreement. Most
CARIFORUM states have reserved the right to introduce measures on investment in the
manufacturing sector. Many of the locally manufactured products have been protected
by way of their inclusion in the ‘Excluded’ Basket and therefore are not subject to
liberalization.

Customs Administration
The EPA includes measures to improve, increase and regulate trade between the EU and
ACP countries.

The EPA includes measures to improve, increase and regulate trade between the EU and
ACP countries. Developed and developing countries adopt international standards to ensure
that there are clear, predictable and transparent rules in international trade. These rules also
apply to the treatment of goods that are exported, imported or in transit. The amount of time
goods spend at the border can contribute significantly to the final cost of the goods. In
international trade, measures taken by a country to improve the treatment of goods at the
border is called, ‘trade facilitation’. There are obligations in the EPA that will require the
Customs Department to meet international standards with respect to the treatment of goods
at the border. The World Customs organization was instrumental in developing these
standards, which are used by many countries in the world.

With regard to trade facilitation matters, the EPA’s objectives are to:

(a) Facilitate traders who have a high level of compliance;

(b) Ensure that requirements for persons involved in trade are
reasonable, non-discriminatory, and safeguard against fraud;

(c) Provide verification in the form of a single document for import
and export or its electronic equivalent;

(d) Introduce modern customs techniques such as risk assessment,
simplified procedures at import and export procedures, post release
control and objective procedures for authorized traders;

(e) Introduce a system of binding rules on customs matters such as
tariff classification and rules. of origin;

(f) | Develop a system that will facilitate the exchange of data among
traders, customs administrations and related agencies.



Trade in Services, Investment and E-Commerce

The services sector is the fastest growing area of the global economy and involves the sale
and delivery of intangible goods (hospitality, transportation, accounting, etc.) between
producers/providers and consumers.

In this regard, the EPA includes a Services Schedule covering a total of 155 service sectors,
for which The Bahamas - a More Developed Country (MDC), must offer no less than 75%
or 116 service sectors, which it has done. Unlike the Goods Schedule that is based on tariff
liberalization, the Services Schedule is based on offers depending on the mode by which the
service will be delivered. There-are four such modes recognized by the EPA (shown in the
box below) with no obligation for service to be delivered in all the modes. Recognizing that
the countries in CARIFORUM have different development priorities, there is some
flexibility to ensure that the Service Schedule supports the economic strategy of individual
countries.



Mode 1: Crossborder
This mode of service is supplied without either the service bone: or “the

_ recipient moving. Examples are services provided over the Internet, the
delphi or by mail.

Mode 2: Consumption abroad |

This mode of service means that the consumer leaves the country to
consume the service abroad. For example, tourism or overseas medical
care.

Mode 3: Commercial presence

This mode of service involves the establishment of a physical presence by
a foreign company in a country through a branch, subsidiary or other to
provide a service. Example when a bank subsidiary is set up.

Mode 4: Temporary Entry of Workers for Business
Purposes

This mode of service involves the movement of persons on a short-term

basis to provide a service, such as a consultancy and involves key

personnel, graduate trainees, etc.

The 155 sectors included in the Services Schedule fall into broad categories that include:
financial services; computer and related services; research and development,
telecommunications; environmental services; tourism and travel related services;
recreational, cultural and sporting services; transport services; and other business services.
For each service sector, countries determine how a foreign supplier will be allowed to supply
the service into their domestic market.

There are some sectors such as national and international air transport services, aircraft
repair and maintenance, ground handling services, rental of aircraft with crew and airport
management that have been exempted from the EPA by all countries. There are also some
sectors that countries may choose to exclude from the Services Schedule. The Bahamas has
chosen to exempt telecommunications and real estate.



THE BAHAMAS’ SERVICES SCHEDULE IS MOSTLY A REFLECTION OF ITS
CURRENT NATIONAL INVESTMENT POLICY. THIS MEANS THAT ALL AREAS
RESERVED IN THE INVESTMENT POLICY ARE TREATED AS AREAS THAT ARE
RESERVED UNDER THE EPA AND THOSE AREAS THAT ARE OPEN TO FOREIGN
INVESTMENT REMAIN OPEN TO FOREIGN INVESTMENT UNDER THE EPA.
THEREFORE, AREAS SUCH AS WHOLESALE & RETAIL TRADE, INTER-ISLAND
TRANSPORT, REAL ESTATE AGENCIES, CONSTRUCTION (EXCEPT SPECIALIZED
CONSTRUCTION), IMPORT/EXPORT BUSINESSES, GROUND TRANSPORTATION,
ETC. ARE CLOSED TO FOREIGN PARTICIPATION.

1, Financial Services.

There are three major areas in financial services included in the EPA: insurance,
banking, and securities. Public entities such as governments, central banks and
monetary authorities are not included in the definition of financial services. Also
excluded are public retirement plans and other statutory forms of social security such
as National Insurance.

The EPA addresses a number of important issues with respect to financial services.
Firstly, as it relates to regulation, the Agreement is clear that countries “may adopt or
maintain measures for prudential reasons that include the protection of investors,
depositors or policy holders or measures that will ensure the integrity and stability of
their financial systems”.

Secondly, with respect to sharing of information, there is “no obligation to disclose
information on the affairs and accounts of consumers or any confidential information
in the possession of public entities.”

Thirdly, the framework for electronic transfer of data and information by financial
services suppliers into and out of The Bahamas should ensure that there are mechanisms
to protect the privacy of individuals.

Finally, the EPA recognizes that there may be new financial services that may be
developed in the course of implementing the EPA that are not addressed by the current
provisions. Where there is a request to provide a new financial service, governments are
obliged to ensure that the decision is made in a reasonable timeframe and only denied
for prudential reasons.

2. Tourism and Related Services

The Agreement encourages compliance with environmental and quality standards
applicable to tourism services in a reasonable and objective manner, without creating
unnecessary barriers to trade. In this regard, the Agreement also facilitates our
participation through international organizations in setting environmental and quality
standards applicable to tourism services.

Moreover, the EPA encourages cooperation in the development of the tourism sector by
facilitating support in the following areas:

The upgrading of national accounting systems with a view to
facilitating the introduction of Tourism Satellite Accounts (TSA) at the
regional and local level;

Capacity building for environmental management in tourism areas at
the regional and local level;

The development of Internet marketing strategies for small and
medium-sized tourism enterprises in the tourism services sector of
CARIFORUM countries;

Establishing mechanisms to ensure the effective participation in
international standard setting bodies focused on sustainable tourism
standards development; programmes to achieve and ensure equivalency
between national/regional and international standards for sustainable



tourism; programmes aimed at increasing the level of compliance with
sustainable tourism standards by regional tourism services suppliers;

* Tourism exchange programmes and training, including language
training, for tourism services providers.

“Last February the Bahamas Hotel Association commenced
a series of consultative meetings with the MOF and our hotel
and allied members. This process involved the engagement
of representatives from the hotel, marina, tour operator,
publication, retail, wholesale, ground transportation,
attractions, excursions, and restaurant sectors. Each
provided meaningful input. We understand that the hotel
sector will remain liberalized, as it is, and that the tourism
sectors will be largely reserved for Bahamians. Should the
Agreement follow these lines, tourism will continue to benefit.
It should be emphasized that the hotel sector has always been
open to foreign investment - providing it meets and adheres
to government investment policies. This aspect of our
liberalization has been essential to the Bahamas economic
success, and in many ways the creation of thousands of
Bahamian-owned businesses and generation of the majority
of our nation’s employment and tax revenue.”

Frank Comito -
Executive Director Bahamas Hotel Association



3. Transport Services

The EPA covers air, maritime and road transportation in the Services Schedule. It
excludes national and international air transport services, whether scheduled or
nonscheduled, aircraft repair and maintenance, ground handling services, rental of
aircraft with crew and airport management and services directly related to the exercise
of traffic rights. It also excludes inter-island freight transportation, or cabotage.
Passenger transportation services such as taxis, tour operators and jitneys will continue
to be reserved for Bahamians. With respect to international maritime services, The
Bahamas has agreed to provide EC and CARIFORUM ships access to the ports and
services at port-like facilities for loading and unloading.





4. Cultural Services

The EPA includes a Cultural Protocol that contains specific provisions in four areas:
audio-visual and cinematography, performing arts, publications and the protection of
historic sites and monuments. The Protocol encourages the negotiation of
co-production agreements between The Bahamas and the EU, which can qualify for
preferential access to the EU provided that the works are majority owned, produced
and financed by CARIFORUM or EU nationals.

In the area of performing arts, a cooperative mechanism will be established to
facilitate professional exchanges, training, the development of international theatre
technology and the use of theatre stage signs. For publications, there is Agreement to
cooperate in three areas: (i) organization of fairs, seminars, literary events related to
publications, (ii) facilitating co-publishing and translations, and (iii) facilitating
professional exchanges and training for librarians, writers, translators, booksellers and
publishers.

5. Electronic Commerce

The EPA recognizes that electronic commerce increases trade opportunities in many
sectors, and agrees to promote the development of electronic commerce, in particular
by co-operating on matters related to:

¢ The development of electronic commerce compatible with the highest
international standards of data protection to ensure the confidence of
users of electronic commerce;

* The recognition of certificates of electronic signatures issued to the
public and the facilitation of cross-border certification services;

° The liability of intermediary service providers with respect to the
transmission, or storage of information;

¢ The treatment of unsolicited electronic commercial communications;

¢ The protection of consumers in the area of electronic commerce;

¢ Any other issue relevant for the development of electronic commerce.

6. Business Services

The Services Schedule also includes the possibility for countries to include
commitments in the professional services. The professional service suppliers included
are law, accountancy, architecture, engineering, medical and dental services, veterinary
services and services provided by midwives, nurses and para-medical personnel. The
service schedule reflects the current policy to limit foreign participation in these sectors
to joint ventures.



The EPA — Essentials — Trade Related Issues

Trade Related Issues

These are issues for which predictable and transparent rules would improve the trading
environment. The EPA initiative contains obligations in six areas related to trade, they include:

1. Competition Policy

The EPA commits countries to the enactment of legislation and establishment of a
competition commission to ensure fairness in the marketplace. The Agreement requires
the enactment of legislation and the creation of a new institution by 2013 that will have
the capacity to investigate anti-competitive practices such as the imposition of unfair
prices, clauses that give exclusive rights to individuals or groups of companies, tied
sales, quantity restrictions or vertical integration.

2. Innovation and Intellectual Property

Innovation

The EPA sees innovation and creativity as important tools to support the development
of enterprises and increase their competitiveness. CARIFORUM states are committed
to providing the regulatory and policy framework to support innovation and creativity
at the regional level. The EU has agreed to support CARIFORUM states in a number
of areas that include the intensification of activities to promote linkages, between
CARIFORUM and the EU, promotion of contacts and industrial cooperation between
interested persons, technical assistance, conferences, seminars, exchange visits,
promotion of creativity and design, particularly in micro, small and medium enterprise.

Intellectual property

In this regard, The Bahamas already has legislation and jurisdictional mechanisms in
place to meet these obligations. Modifications will be made by 2014 to cover a range
of issues related to intellectual property such as copyright, brand names, trademarks,
industrial designs, geographical indications and plant varieties.

3. Public Procurement

The obligations on public procurement involve increasing transparency. This includes
improving access to procurement opportunities such as the establishment of on-line
facilities to provide notices on tendering opportunities, informing suppliers of
procurement decisions and establishing a mechanism for dealing with bid challenges.
There is also an obligation to have an authority in place to provide transparency and a
mechanism for dealing with bid challenges by 2010.







4. Environment

The environment is an important trade related topic in the EPA because it is recognized
that increases in trade should not occur to the detriment of the environment. The
obligations on the environment encourage measures that support sustainable
development, protection of the environment and public health. The EPA also encourages
governments to facilitate trade in goods and services that are beneficial to the
environment and to adopt technologies that are renewable and energy-efficient.

EPA discourages countries from lowering environmental or public health standards or
failing to enforce existing legislation in order to increase trade or attract foreign
investment. The obligations on Agriculture and Fisheries requires that Parties to the
Agreement base their exploitation, conservation and management of the fisheries
resources and the marine ecosystems on principles outlined in the Food and
Agriculture’s Organization Code of Conduct.

5. Social Aspects

The EPA has endorsed the International Labour Organization’s (ILO) Declaration on
Fundamental Principles and Rights to Work. The Declaration commits EPA signatories
to maintain the following standards:

¢ Freedom of association;

¢ Elimination of forced labour;

¢ Abolition of child labour; and

¢ Elimination of discrimination in the workplace.

This is an important component of the trade Agreement because it acknowledges that
trade also has sociological impacts. There is also a mechanism for trade unions and
other members of civil society to monitor the implementation of the EPA and report
their observations to the CARIFORUM-EC Consultative Committee. Moreover, The
Bahamas has agreed not to lower the protection provided to workers in existing
legislation in order to encourage trade, foreign investment or maintain a competitive
advantage.

6. Protection of Personal Data.

The EPA recognizes that it is the right of every person to have his or her Personal Data
protected in the course of a transaction and for recipients to use the information only
for the purpose for which it was intended. There is also an obligation to have the
necessary legal and institutional mechanisms in place by 2015 to support the Protection
of Personal Data. In this regard, The Bahamas already has in place the legal framework
and institutions to protect personal data, in the form of the Data Protection Commission.
We anticipate meeting our obligations with regard to these areas given our current legal
and institutional framework.



| EPA Benefits and Opportunities

The Economic Partnership Agreement negotiated by CARIFORUM provides a number of
critical benefits to The Bahamas as it seeks to sustain and improve upon the standard of
living it has enjoyed to date. The benefits offered through the EPA are especially significant
given the continued drive for globalization and international trade liberalization.

What are the benefits of the EPA for The Bahamas? The EPA:

Preserves The Bahamas’ longstanding trade relations with the (EU), one of the most
important economic blocks in the world, which offers significant tourism, financial
services and foreign direct investment potential for the country;

* Protects and preserves existing market access (fisheries, rum, etc.) to the EU, the
world’s second most lucrative economic market;

¢ Maintains open, transparent and defined lines of trade communications with key
trading partners who impact our policies in the financial services sector;

¢ Maintains the country’s competitive position vis-a-vis other CARIFORUM states as
a destination for EU investment;

Provides a platform to enhance and develop new export markets to the European
Union (financial services, cultural services, computer services, etc.);

¢ Offers The Bahamas access to almost $200 million in trade development funding;

¢ Supports measures to safeguard the environment and the rights of workers;

¢ Improves business facilitation by streamlining administrative and processing
requirements involved in the treatment of goods that are imported, exported and in
transit;

¢ Improves regulatory capacity of the public sector in key trade related areas;

¢ Provides domestic and international investors in the services sector with a more
transparent and predictable set of rules in which to provide their services into the EU

and CARIFORUM; and

¢ Establishes a reasonable baseline for the Government to negotiate future trade
agreements.







resident 0 aradise Fisheries

It should be of no surprise that the broader access to 27 countries with a market of nearly
half a billion EU citizens will provide lucrative possibilities for Bahamian goods
and services.

Clearly, The Bahamas can gain from the opportunities presented by the EPA initiative, and
is well positioned to benefit both from a business perspective and consumer point of view.

In our primary industries, our business people in the Tourism and Financial Services sectors
are world-class and outstanding. They have established themselves in world markets.
Broadening access for Tourism and Financial Services industries in the EU opens up
investment opportunities that play into our strengths and creates opportunities for Bahamian
businesses and workers in these industries, as well as secondary businesses and workers
that provide support to those industries.

Bahamian consumers stand to gain from the potential this creates in lowering prices on
products, as well as the availability of a wider variety of merchandise imported from the EU.

Bahamian businesses stand to benefit from access to cheaper technology and components
used for producing and selling their goods and services. This opens the door for them to be
more competitive, improve their profit margins, create opportunities to invest and grow their
businesses, as well as employ more Bahamians.

Bahamian entrepreneurs and local industries can also take advantage of the investment
opportunities and measures available to them under the EPA to position themselves to
develop, produce and sell quality goods and services not only to EU and CARIFORUM
members, but also to other global markets around the world.

=>



an

The EPA — Challenges & The Road Forward

In the longer term, opportunities and benefits can be realized from attracting new additional
investment and development assistance to develop new exports for The Bahamas.
Developing new exports would produce new jobs and lead to economic growth.



_The EPA Challenges & The Road Forward

The benefits described in the previous section will not occur without some challenges along
the way. The possible challenges we face from trade liberalization and the effects of possible
dislocation of less competitive local industries are clearly matters of national interest and

government priority.









“Several obligations under this Agreement will be costly to
implement. The revision and implementation of several pieces
of legislation, the creation of a standards bureau, the
development of a competition policy, the development of a
policy as it relates to government procurement and a plan to
address the basic lack of transparency in doing business in
The Bahamas. There have been discussions on these issues
with the Government and we remain engaged on these issues
as we see benefits for our membership if these issues are
adequately addressed.”
Philip Simon -
Executive Director of The Bahamas

Chamber of Commerce











The EPA recognizes the challenges that countries, especially the smaller ones, might face
in implementing the Agreement and has therefore provided considerable funding (some
$200 million for CARIFORUM) to assist in the process. Such funds might be used for
enhancing customs procedures and institutional development.












“Concerns about the free movement of labour and subjecting
ourselves to a mass influx of labour from the Caribbean and
the EU are simply unfounded. We understand that The
Bahamas is advancing a position in the Agreement which
seeks to make it easier to move people in support of the
conduct of trade, training and education-related activities
and this is good.”



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Frank Comito —
Executive Director Bahamas Hotel Association




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_ Frequently Asked Questions About The EPA

1. Why should The Bahamas sign the EPA?

The Bahamas should sign the Economic Partnership Agreement (EPA) because it brings
predictability to its trading relationship in goods and services with the EU and
CARIFORUM. The EPA is an acknowledgement by the countries of CARIFORUM
that they are willing to participate in international trade under the global structure of

the World Trade Organization (WTO).

It provides a clear framework for potential investors in the services sector and the
non-service sectors that have been included.

2. How will ordinary citizens benefit from the EPA?
The broad opportunities that the EPA provides for further growth and development of

the Bahamian economy will be a benefit to all Bahamians, as it creates jobs, business
and social opportunities.



AP Nets. Mee

The EPA — Frequently Asked Questions (1)

The EPA provides opportunities for increased investment in The Bahamas, particularly
from Europe, which could promote further diversification of the economy.

The EPA will also lower customs duties on items out of Europe making European goods
cheaper to import and increasing the variety of goods available to consumers.

The EPA contains several measures to improve transparency in government operations.
These include the publication of information electronically, the establishment of enquiry
points and the requirement for consultation with stakeholders on changes to regulations
or legislation.

The Cultural Protocol provides the framework to expand the export of cultural
material like Junkanoo and literary publications.

Will the EPA allow EU and CARIFORUM workers open access to
the Bahamian labour market?

No. The EPA will facilitate, however, the temporary entry of workers for business
purposes in specifically defined categories. These categories are as follows:

* Key personnel - a senior person involved in setting up a commercial
venture for an approved investor;

¢ Intra-corporate transfer - a manager or specialist who has specific
knowledge and whose presence is necessary on a temporary basis to
establish a commercial presence;

* Graduate trainee - an individual that is transferred on a short-term basis
for career development or to obtain training in business
techniques;

¢ Business service seller - a representative of service suppliers;

* Contractual service supplier - a specialist required to fulfill the terms
of a contract;

¢ Independent professional - a professional required to fulfill the terms
of a contract.

Temporary entry will be granted for periods ranging from three months to three years.
The provisions of EPA are “reciprocal”, which means that Bahamians in these
categories can also access the service markets of CARIFORUM and the EU. Provisions
for temporary entry does not cover workers outside the categories identified and do not



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include general service workers. Countries maintain the right to regulate their labour
markets and visa requirements.

Is the EPA a commitment to the CSME?

The EPA is not a commitment to the CSME. It does, however, include measures that will
require collaboration and cooperation in a number of areas to ensure the smooth
implementation of the EPA. The Agreement will also seek to implement common
procedures in areas like customs management.

How will people in the Family Islands be affected?

The EPA is like any other international Agreement signed by the Government of The
Bahamas. The obligations undertaken by the Government of The Bahamas in the EPA
apply to the entire country.

Will the Government have to privatize public undertakings?
There is no commitment in the EPA to privatize public undertakings.
Will the Government have to introduce an income tax?

There is no obligation in the EPA that requires the Government to introduce an income
tax. There are options available to the Government that would allow it to introduce
revenue-generating measures without resorting to an income tax.

How will the EPA impact domestic legislation?

The EPA does not prevent the Government from introducing legislation to meet
legitimate policy objectives. There are areas where there will likely be changes to
domestic legislation based on obligations arising from the EPA. The legislation related
to customs administration, agriculture, fisheries, intellectual property, government
procurement and data protection will need to be updated. New legislation will also be
introduced to establish a Competition Commission, as well as to facilitate other
components of the Agreement such as the Cultural Protocol.



9. How will be EPA impact the licensing requirements of professional
service providers?

Professional associations will continue the current process of self-regulation. This

means that these professional bodies will continue the practice of determining the en
qualifications and professional experience required to practice in The Bahamas. The

EPA does require professional bodies in accounting, architecture, engineering and

tourism to meet to develop mutual recognition agreements within three years of signing

the EPA. These mutual recognition agreements will outline the qualifications, licences

and other requirements to facilitate the movement of professional service providers.

10. Does the EPA provide a right of establishment provision for EU and
CARIFORUM companies?

The establishment of a foreign company in the EU or CARIFORUM is determined by
the signatory country. In the Agreement, countries can indicate the areas where foreign
branches or subsidiaries will have the right to establish a commercial presence.



11. Why is regional integration an objective of the EPA?

Trade agreements provide the private sector, either individually or collectively, with a b) CARIFORUM-EC Trade and Development Committee responsible
legal framework in which to make decisions based on investment opportunities in for caper eine anid tonitarne Wis implementation of eacharer ofthe
another country. Business decisions are made easier if there are clear rules and common - eae . aRBeRe a ae ee I t Sill pecanapr ised Gt Sekaar
practices. The EPA involves more than 40 countries, and in an area such as customs, for j = eile. a ae S eae ter aera fe ene Seis
example, the application of a regional or international standard is seen as a way to Agreement are properly opie ieee : sree diate aad
moniter iad. recommend cooperation priorities, and take actions to avoid disputes.
; : The CARIFORUM-EC Trade and Development Committee will
12. How will the EPA be implemented? report to the Joint CARIFORUM-EC Council.
The Government of The Bahamas will implement the EPA through existing c) CARIFORUM-EC Parliamentary Committee comprising of members
institutions, such as the Customs Department and through institutions that may need to ~ of the legislatures of the CARIFORUM countries and the European
be created such as the Competition Commission. In addition, the EPA has created Parliament who will meet and exchange views on the implementation
several committees including: of the Agreement and inform the Council.

a) Joint CARIFORUM-EC Council responsible for the implementation d) CARIFORUM-EC Consultative Committee that will include
of the Agreement. It will have the power to make decisions on all representatives of civil society who will meet to discuss the
matters covered by the Agreement. The Council will meet at the implementation of the Agreement and inform the Council.
Ministerial level every two years.

13. How do persons participate in the formation of trade policy?

The Bahamas Trade Commission was formed to allow the business community to
participate in the process of trade policy formation. The Bahamas Trade Commission
is open to representatives of business groups.

There is a need to formalize the contributions of civil society on trade matters.
Persons can email their concerns to the Bahamas Trade Commission at

www.bahamastradecommission.com
14. Where can I find more information on the EPA?

There are numerous sources of information on the EPA available in the References
section at the end of this document.





epee Summary



The Economic Partnership Agreement (EPA) is a
trade Agreement between the European Union and
the Caribbean Forum (CARIFORUM).

The EPA has 3 main sections:
° Goods
° Services, Investment and E-Commerce
¢ Trade Related Issues

Duties on EU and CARIFORUM imports into The
Bahamas will be reduced over the next 25 years.

There is a list of sensitive goods that will not be
impacted by the reductions on duties.

The service sectors that will be included in the
Services Schedule are:

¢ Financial Services;

* Computer and Related Services;

° Research and Development;

¢ Environmental Services;

¢ ‘Tourism and Travel-related Services;

* Recreational, Cultural and Sporting

Services;
¢ Transport Services;
¢ Other Business Services.





The Investment Schedule outlines the reservations
and limitations on investment in agriculture, hunting
and forestry, fishing, mining and quarrying,
manufacturing, production, transmission and
distribution on own account of electricity, gas, steam
and hot water.

There are commitments to modernize the legal and
institutional frameworks in six trade related areas:
competition; innovation and intellectual property;
public procurement; environment; social aspects and
protection of personal data.

The temporary entry of persons will be facilitated
on short-term contracts for specific categories of
workers. These categories are: senior persons
involved in setting up a business, intra-corporate
transfers, graduate trainees, business service sellers,
contractual service suppliers and independent
professionals.



References, Supplementary and

Other Information

A full text of the EPA is available at the Bahamas Trade cn web page
accessible through The Bahamas Government website at:
Once you have accessed the Bahamas Trade Commission web page select

The complete CARIFORUM Schedule of Tariff Liberalization is also available at the
Bahamas Trade Comneoe web m BAS accessible through The Bahamas Government

website at:

Once you have accessed ne Bahamas Trade Commission web page select:

Government of The Bahamas:

Bahamas Trade Commission:

Caribbean Regional Negotiating Machinery (CRNM):

The European Commission:

African Caribbean Pacific Secretariat: ©

European Union.

International Labour Organization; =

Food and Agriculture Organization: ©)

World Intellectual Property Organization:

World Trade Organization: oy bore

WWww.wibo

World Customs Organization: ©) co0 7 ore






Photos courtesy of: BLS staff: Derek Sm
Alse: fim Ayien, Auiats @ Fervier, Rola:

References and sources of information on the EPA on the Internet:

Other references of interest related to EPA on the Internet include:

Ant



EPA Sector Consultations and Town Meetings

In an effort to educate and inform both the private and public sector about the EPA and to
obtain public opinion, the Ministry of Finance and the Bahamas Trade Commission has
held two town meetings and numerous private sector consultations.

Town hall meetings were held in:

¢ New Providence
° Grand Bahama

New Providence consultations were held with the following sectors:

Accountants

Agriculture / Fisheries

Builders

Chamber of Commerce

Clearing Banks Association
Credit Unions

Culture

Engineers

Environmental Service Providers

Financial Services Industry
Health

Insurance

Lawyers

Motor Dealers

PUC

Tourism

Young Presidents Organisation

Grand Bahama consultations were held with the following sectors:

Accountants
Architects / Engineers
Attorneys

Banking & Finance

Builders

Chamber of Commerce
Manufacturers / Retailers
Real Estate



Full Text


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| HAPPY MEAL

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Volume: 104 No.248





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BAHAMAS EDITION |

WEDNESDAY, SEPTEMBER 17, 2008

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nom SST STS AT +
3 ‘ 5

Bahamian businessman |

behind bars in Cable
Beach, expected to be
charged with fraud '

® By ALISON LOWE
and PAUL TURNQUEST

Tribune Staff Reporters —

*-RUDOLPH King Laroda,
also known as Dr Rudy King,
was being held behind bars at
the Cable Beach police sta-

tion last night and is expected .

to. be charged with three
counts of fraud.

Highly placed sources with-
in the Royal Bahamas Police
Force said that he is set to be
charged in relation to attempts
to deceive officers at three
police stations in Nassau,
telling them his passport had
been stolen when in fact this
was not the case.

The last year has been a
particularly eventful one for
the Bahamian businessman,
and chairman of the King
Humanitarian and Global
Foundation.

Last November concerns
were raised about his where-
abouts after he failed to show
up for a widely-publicised
fundraiser that he had been
scheduled to attend in Los
Angeles.


















His psychic, numerologist
Jerome Carter, said he had
“bad feelings” about’ Mr
King’s fate. .

“TJ see him in chains...I
feel he is being held against
his will,” he said at that
time.

‘It was later confirmed that
King had been picked up by
police in Los Angeles and
held in connection with an
attempt to defraud the
U.S. government of $2. 7 mil-
lion.

The impresario was indicted
_by a Federal Grand Jury on
the charge on November 16.

Meanwhile this year Mr
King has been appealing a
bankruptcy declaration in the
Bahamian courts.

The declaration was made
in the Supreme Court in 2006
when he was being pursued
by Cavalier Construction for
an unpaid debt amounting to
$824,938.

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Omar Archer

is released
from hospital

PLP activist Omar Archer
was released from hospital
yesterday having survived
life-threatening gun shot
wounds,

Mr Archer told The Tri-
bune yesterday that the
experience has reinforced his
belief that it is his mission
in life to fight for the “com-
mon man.”

As police reports con-
firmed, Mr Archer was

.| Standing on a street in Nas- |
sau Village when a vehicle

pulled up and 7 were
fired.

Mr Archer was shot in his
abdomen. As a result of the
injury parts of his stomach
— his large and small
intestines — had to be sur-
gically removed.

The political and social
activist is now back home
and recovering from his

SEE page eight











Developer's alleged
(lisregard of guidelines

left woman ‘petrified’ of
walking outside home

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

A SWORN affidavit by a

Paradise Island resident sup- .

porting the injunction against
Peace Holdings Limited, the
developers of the multi-million
dollar Ocean Place develop-
ment, describes how the devel-
oper’s alleged disregard for pre-
viously agreed construction
guidelines has left her “petri-
fied” of walking outside her
own home.

The Ocean Place develop-
ment on Paradise Island, which
its website says includes “luxu-
rious two, three and four bed-
room condominium residences
in a 12-story, 79-suite complex”,
was ordered to cease work by
Senior Justice Anita Allen last
week “until further trial or

SEE page eight



F 2 ‘I



| "Eaunaee’ & Fad
Burrito




Former Cabinet Minister
_ testifies in son’s murder trial

_ By PAUL G TURNQUEST
: Tribune Staff Reporter

pturnquest@tribunemedia.net _ -

“FORMER PLP Cabinet Min-

ister Leslie Miller broke down.
on the witness stand yesterday -

as he testified in the Supreme
Court on the first, day of-his



son’s murder trial.

Before Justice Stephen
Isaacs, a 15- man jury, and a
court room filled with press, Mr
Miller, who has often been out-
spoken on many issues, found it
difficult to formulate words as
lead attorney for the Crown
Cheryl Grant-Bethel asked him,
about the last day on which he



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_ saw his son alive.
As the court had already

waite that Mario Miller died as
~ aresult of 18 stab wounds that
were scattered-over his body,
Mrs Grant-Bethel asked Mr

SEE page eight

. Tim Clarke/T ribune staff



-RIGARDO MILLER (above) and his
brother Ryan Miller are charged
with Mario Miller’s murder.



THE OPPOSITION MAY
RAISE JUSTICE LYONS =
HOUSING RULING IN THE

HOUSE OF ASSEMBLY’

| GOVT URGED TO RESTORE
‘STRIPPED’ PRISON OFFICERS’
PROMOTIONS









© PAGE FIVE

‘BABY SEA LION
BORN AT DOLPHIN
ENCOUNTERS

° PAGE TWO
















hone 242-394-4111



heard from lawyer Neil Brath- |
PAGE 2, WEDNESDAY, SEPTEMBER 17, 2008

THE TRIBUNE



By British
D-\American

LI Yes! [| No! Our company /

October 3", 2008.

Sia

net ORE ceive» ere xe

school will participate in Lee National Denim Day On

- We will allow our employees / students to show th. eir support and in honor of a loved one on
National Denim Day by wearing jeans in exchange for a donation per person.

British American Financial encourag additional corporate sponsorship to help meet our National Breast
Cancer Awareness Goals. For every § amount donated by the Employee / Student, we hope companies /

schools will match their donation.

Company / School:
Number of Participants:
Contact Person:

Phone:

E-Mail:

Indicate #/ Item below:

re S [| M lie ‘ft [ aE [| 2XL [|
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Fax# 328-8994 or E-Mail: ccox@babfinancial.com

Denim Day Questions? Please call 328-8996 / 328-8396/7
Please make cheques payable to British American Financial

Re: National Breast Cancer Awareness

Thank you for supporting the National Breast Cancer Awareness Initia tive Fund, the Bahamas
Cancer Society and the Sister, Sister Cancer Support Group.

Get the door.
It’s Domino’s.



Baby sea lion born at
Dolphin Encounters

DOLPHIN Encounters yester+
day announced the birth of the
first California Sea Lion ever to
be born in the Bahamas.

To mark the occasion, the baby
sea lion was named in honour of
Sir Milo Butler, the first Gover-
nor General of the Bahamas.

Milo, a healthy male Califor-
nia Sea Lion, was born at the
marine mammal facility a few
months ago weighing 16 pounds.

His much anticipated birth
marks several important firsts —
he is the son of first-time mother
Magnolia, known as Maggie, and
first-time father Murray, both
part of the marine mammal fam-
ily at Dolphin Encounters.

“Milo has been a healthy,
extremely playful baby sea lion
since he was born,” said Robert
Meister, managing director of
Dolphin Encounters on Blue
Lagoon Island.

“We are very proud of him. His
parents came to Dolphin Encoun-
ters in September of 2006 after
Hurricane Katrina had destroyed
their home in Gulfport, Missis-
sippi. Milo’s birth is a confirma-
tion that the animals are well-
adjusted to their environment and
continue to thrive.”

“Maggie has been a terrific
mother beginning with giving
birth,” said Kim Terrell, marine
mammal director of Dolphin
Encounters.

“She is a first-time mother, but
has done everything correctly.
From nursing, disciplining her
new pup, protecting him and
keeping an eye on his many
antics. Like any new mother she
has her ‘hands’ full — he’s a busy

_ little guy and we are.so pleased

and honoured to have him be a
part of our animal family. He con-
tinues to grow and is now a very
healthy 39.5 pounds.”

For Ms Terrell, Milo’s birth has
even more meaning. The former
director of training at the Marine
Life Oceanarium and Marine
Animal Productions in Gulfport,
Mississippi, for 15 years, Ms Ter-
rell has known Murray since he
was born and knew Maggie’s rel-
atives. She also followed their
progress through Hurricane Kat-
rina and was responsible for find-
ing them their new home at Dol-
phin Encounters in the Bahamas.

“Watching Milo being born just
a year and a half after his parents
came to live at Blue Lagoon
Island was emotional,” said Ms
Terrell. “It is our first generation

PROUD
mother
Magnolia
and baby
ilo.
began to
| immedi-
ately bond

THE BABY SEA LION and his mother take a nap — Milo is a very -
active sea lion pup that explores ‘his Fay tonipert and Keeps his



of sea lions and it confirms that
they have completely adapted to
their new home and that‘is an
extraordinary accomplishment.”
Dolphin Encounters’ success-
ful dolphin breeding programme
has produced many successfui
dolphin births and has a survival
rate that is double that of similar
programmes around the world
and more-than double the sur-
vival rate found in the wild. The
success of the programme is a
result of the environment pro-
vided and the care received,
including veterinary supervision,
training, nutrition and the appro-
priate environment for socialisa-
tion, Dolphin Encounters said.
“Marine mammal.breeding has
uncertain outcomes, but we’ve

‘had tremendous results with our

dolphin calves, and now with the
birth of our first sea lion pup
Milo,” said Ms. Terrell.

“Also, the fact that 11 of our 18
dolphins were successfully born
to our facility speaks for itself.
Dolphin Encounters now has first
and second generation dolphins
that were born on Blue Lagoon
Island. Milo is the beginning of
the first generation of sea lions
born to our sea lion family.”

The baby sea lion is quite a
character and has already become
very popular with the many
school children who participate
in the Dolphin Encounters —
Project BEACH educational pro-
grammes as well as with guests
who enjoy the new Sea Lion
Encounter programme intro-
duced earlier this year.



—
THE TRIBUNE WEDNESDAY, SEPTEMBER 17, 2008, PAGE 3.

o mbrief The Opposition ‘may





Murder suspect

granted hail

MURDER suspect Stephen :
Stubbs, who goes by the alias :
“Die”, was granted bail in con- :
nection with the “execution style” :
slaying of the alleged drug dealer :

Samuel “Moochea” McKenzie.

However, before Stubbs could :
see the light of day, he was :
charged on Monday with threat- }
ening the life of a prison officer :

and taken back into custody.

Moochea was gunned down on :
November 23, 2007 on Wilson :
Street in a hail of bullets. “Die” :
Stubbs 33, was arrested shortly :
afterwards for questioning in con- :

nection with the murder.

At the time of this killing,
Stubbs was reported to be out on :
bail for another crime related :

matter.

The Tribune understands that :
shortly after Stubbs received bail, :
he was back before the Supreme :
Court for allegedly threatening :
the life of Dwayne Forbes on :

Monday, September 15.

Eleven witnesses are listed on :
the court dockets, including three :
police officers, two corporals, one :

detective, and two sergeants.

‘Boy hit hy truck

i By DENISE MAYCOCK

Tribune Freeport Reporter :

FREEPORT - AN eight-:
year-old boy, who was struck by :
a truck on his way home from :
school in Marsh Harbour, Aba- }
co last week died in the {nten- }
sive Care Unit at the Princess. ;

Margaret Hospital.

Malik Fenelus, a resident of |
the Mud, Marsh Harbour, is }
Abaco’s third traffic fatality for :

the year so far. ;

Chief Superintendent Basil :
Rahming reported that the acci- }
dent occurred at around 3.55pm :
last Thursday along Bay Street !

in Marsh Harbour.

According to police reports, }
Malik and his sister Brianna :
were on their way home from :
the Central Abaco Primary :
School. While in the vicinity of :
the Auskell Medical Clinic, they :
suddenly ran towards the south- :
ern side of ihe road and were :
struck by a white Dodge Ram ;

Truck

Mz Rahscing said the driver, a}
resident of. Murphy Town, Aba- ;
co, stopped and immediately }

called the police.

Both children were injured :
and ‘transported to the Govern- }
ment Clinie by emergency med- :

ical personnel.

Brianna was treated and later :
discharged, however, Malik’s :
injuries were far more serious. }
He was airlifted to New Provi- }
dence and treated in the Inten- }

sive Care Unit at PMH.

Ho finally succumbed his ;
injuries days after the accident. :
Mr Rahming said Traffic }
Police are conducting an inves- }

tigation into the accident.

8 BAHAMAS INTERNATIONAL
LITERARY FESTIVAL FORUM

THE Bahamas International }
Literary Festival is hosiing a liter-

ary forum on Thursday, Septem-

ber {8 at 6.30prn at the College of }
Chapter One Book- }

the Bahamie
store on Thorapson Boulevard.
The foruns will address the role
oi thew ia society. The panei
includes tan Strachan, Nicolette







Bethel. Gbediah Smith and Alex :-

Morle vi



raise Justice Lyons
housing ruling in
House of Assembly’

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

THE Opposition is reviewing a
Supreme Court ruling which
reignited the housing controversy
surrounding Minister of Labour
and Social Development Dion
Foulkes and may raise the issue in
the House of Assembly, former
Minister of Foreign Affairs Fred
Mitchell told The Tribune yester-
day.

"The matter was raised in our
party caucus on Sunday; the judg-
ment of Justice Lyons is being stud-
ied to see what the-position is on
the law. And then some additional
research is going to be done and I
would expect whether it is done in
the House of Assembly — I'm not
certain whether it will be tomor-
row because we want to understand
the full (extent) of all the issues,
and then there will be some kind of
statement from (the party) com-
ing," he said after a press briefing

official statement on the issue is in
the works.

"Tt wouldn't be right for me giv-
en what I've said about the issue
being studied to say what official
call will come from the PLP, but
suffice it to say I think people are
looking at it quite seriously because
it is a matter of seridus concern," he
said.

Two weeks ago, Justice John
Lyons ruled that selling lots in
unapproved subdivisions is a crim-
inal offence and denounced lawyers
who facilitate people selling or pur-

‘chasing land in proposed subdivi-

sions that lack full approval from
government to go ahead.

Justice Lyons ruled in a separate
case that a group of people who
had been sold lots.in a proposed
subdivision before it had approval
did not have any legal right to the
land they thought they owned
because their contracts were “void
for illegality.”

He also said Parliament’s deci-

sion to pass a law declaring that



at the House of Assembly yester- government must give final
day. approval for a subdivision to go

Mr Mitchell would not say ifthe ahead before lots are sold within it
party plans to call for the embroiled was made specifically to avoid
minister's resignation but did sayan naive members of the public from

‘Explosive Meitormitccntecmie
Ne ee cae

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





THE explosive PLP branch meetings that have been taking place
lately are simply proof that people are excited to be in the party, a
senior PLP said yesterday. ‘,

Fox Hill MP Fred Mitchell denied that the disagreements are evi-
dence the party is falling apart. |

The former minister of foreign affairs, who served as a branch
chairman in the 1970s, said the internal wrangling at two recent PLP
branch meetings are part of a "healthy" democratic debate that will
only strengthen the party.

"T have a lot of experience in branch meetings and they get fractious
and there's a Jot of cut and thrust. What I say is that.it seems to me that

“an exciting dynamic is at work. Scores of people are fascinated and
interested to be within the PLP. :

" And that's the thing that heartens me. I believe. that this cut and
thrust is good for democracy and that it will inure to the benefit of the
PLP ultimately," he said.

When asked about speculaiion that the party is falling apart, Mr
Mitchell said: "Absolutely not, I don't see it as tearing the party
apart at all. My view is that politics gets heated. .. And no one thinks
that the party is going to be ripped a part because of that. We're all
PLPs and it's.a good sign that people want to fight for positions in the
PLP arid we're going to have a good set of.candidates in the next elec-
tion and there's a transition taking place. Obviously younger people
are coming in, so J think it’s a healthy debate". _

Some observers say PLP chairwoman Glenys Hanna-Martin has
struggled to maintain control within her party over the selection of offi-
cers to the National General Council (NGC) through their branch elec-
tions. The Kennedy, Marathon, and St Cecilia constituencies are
where Mrs Hanna-Martin has received strong opposition.

_ At the PLP's special branch meeting for the St Cecilia Constituency
last week, PLP activist Ricardo Smith jeered at Mrs Hanna-Martin
from outside the meeting room, linking Mrs Hanna-Martin with oth-
er high ranking PLPs in a "grand conspiracy" to oust party leader Per-
ry Christie. |

His comments were audible to persons inside and outside the ;
room.

As Mrs Hanna-Martin tried to maintain her composure, some in |
attendance confronted her, asking why she had not brought 4 copy of
the challenge made in response to attorney Paul Moss' election to the
National General Council (NGC). Some members of the branch are !

‘calling for fresh elections to determine party officers for that con-
stituency.

During a meeting Thursday night the entire branch of the Marathon |
constituency reportedly walked out on the PLP chairwoman.

The Tribune understands the NGC voted “in an overwhelming

-majority” to have the Marathon Branch hold a run-off election agaia
for the branch’s chairman.

Mrs Hanna-Martin: has since denied she is trying to divide the
PLP through their local branch elections, calling that assertion “utter
foolishness”. :

Another council meeting is scheduled for Thursday and Mr Mitchell
said he assumes all sides will deal with the NGC issues "in the best
interests of the party”.

The PLP is also preparing for a national convention in late October.






being exploited.

Last year, Mr Foulkes was
accused of failing to properly rep-
resent two of his clients who say
they lost tens of thousands of dol-
lars after getting mortgages to buy
property in a subdivision that was
never fully approved by the PLP
government. :

Mr Foulkes responded, saying
he had done nothing wrong and
sought legal counsel to counter
those “defaming his character.”
The matter was never brought
before the courts.

His client was one of 11 who had
taken out loans to purchase lots of
land in a proposed subdivision,
Stephen’s Close on Cowpen Road,

-a development where construction

began with only “approval in prin-
ciple” from the Ministry of Works.

A dispute over the incorrect
positioning of electrical poles, and

other technical issues resulted in

the work being stopped by the Min-
istry of Works in late 2005. Eleven
persons complained that they were
left to pay off loans on partially
built homes in a subdivision with-
out completed infrastructure.

Late last year, Omar Archer —
who ran for the chairmanship of
the PLP — and former PLP cabi-
net minister Bradley Roberts, who
was Works Minister when the stop
order was issued, called for Mr
Foulkes’ resignation over the mat-
ter. /

When contacted by The Tribune
last week, Minister Foulkes insisted
that he and his former law firm did
nothing improper. He said his for-
mer clients received “good and
legal title to the lots.” He added
that “their case is against the devel-
oper.”

Developer Denise Burrows,
who bought the property in ques-
tion in early 2004, said over the
weekend that throughout the
process of getting the development
on track again, she has been in con-
tact with her clients, worked dili-
gently with her lawyer, the Min-
istry of Works and the financial
institution “to bring resolution to
these matters.”













Tim Clarke/Tribune staff

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PAGE 4, WEDNESDAY, SEPTEMBER 17, 2008

THE TRIBUNE

Embargoes





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.) LLD,, D.Litt.

Publisher/Editor 1919-1972
Contributing Editor 1972- ae

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

Published Daily Monday to Saturday

Shirley Street, PRO. 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





ENVIRONMENT Minister Earl
Deveaux, meeting with his department
heads on Monday to plan the Bahamas’
first Environmental Partnership Forum to
be held at the end-of-the month, announced
that Bahamians will have to be forced to
take responsibility for all of the “eeu
and filth” in this country.

It is a shame that a country’s citizens
are so devoid of civic pride that they have
to be forced tobe clean. |

But, unfortunately, too large a segment
of our population either are not aware of

: their dirty surroundings and their contri-
bution to it, or are sitting around waiting
for someone else to come and clean up
after them.

It would seem that their natural indif-
ference might have been reinforced by
the late prime minister Pindling when he
vowed that when the PLP came to power
they would no longer be “hewers of wood
and drawers of water.”

At one time we had strict littering laws
‘and we had a cleaner island. In the early
sixties there was a political brouhaha when
the UBP government continued to enforce
those laws.

We suggest that if the littering laws were
resurrected and enforced today; not only
would the island be cleaner, but the Trea-
sury would be richer.

Someone who flew to Mathew Town,
Inagua, last week was not only surprised at
how dependent Inaguans were on the Mor-

- ton Salt company for their livelihood, but
‘how they seemed to be sitting around wait-
ing for someone to come in and clean up
their hurricane wrecked island for them.

The person making the observation —
five days after the hurricane — said that the

US Coast Guard station stood out in a)

contrast to its surroundings.

Other than being minus its roof, no one
would have known that a hurricane had
almost flattened it.

The station was spotlessly clean, every bit

_..of debris around it had been cleared away.
By contrast the Bahamasair office was still
as had been left by passing Hurricane Ike.
No attempt had been made to remove the
debris, just as nothing had been done by
any of the locals to try to clean up their

town.

VOLVO
PEUGEOT

HYUNDAI PONY
HYUNDAI EXCEL
HYUNDAI STELLAR

Bahamians have to Keep island clean











No local volunteer, we were told, had
come forward to organise a clean up cam-
paign.

A Coast Guard cutter was off the island.
About 10 of its men came ashore, cleaned
up their station.

Washing away the mud, they removed all
the fallen leaves and other debris.

They then moved on to the water and
sewerage plant where they helped get
water to the settlement.

Then it was on to the Anglican Church,
which had also been badly damaged, to
help put that in order.

They were setting an example for the
locals, but no one seemed sufficiently
impressed to volunteer to follow their lead.

Seeing the Americans working so hard,
the young man from Nassau, turned to a
local and asked him why the people of
Inagua were not helping with the clean up.

“The union has probably told them that
it is hazardous work!” came back the sar-
castic reply.

“Tt looks like they are sitting down wait-
ing for someone to come in and do it for
them,” we were told.

“The Administrator now has to organise
work crews to clean up the town, no one
has thought of volunteering.”

What an indictment of an island’s peo-
ple. ;
This reminded the young man of the

‘passing of Hurricane Andrew in 1992,

which badly damaged settlements in North
Eleuthera. He recalled his disgust and that

of his friends, who went from Nassau to

help put roofs on the ho::ses of locals, when
they saw “British sailors, wearing shorts

‘and army boots, some with caps to protect

them from the sun, others with sunscreen

lotion, carrying back packs and chain saws,

cutting down trees, repairing buildings and

_ doing really hard labour, while the locals

watched.”

. Is this ari admission that more than 160
years after the abolition of slavery many of
our people are still looking to “massa”. to

‘jump start their lives? Surely, by now they

have more self respect.

We hope they will take Minister
Deveaux’s suggestion and start removing
the dirt and grime from their community,
before he has to force them to do it.




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should be lifted.
in the face of
disaster

*

EDITOR, The Tribune.

_ Hurricane Ike has devastat-
ed Cuba! The images in the
media are terrible! Damage is
incalculable! People have no
potable water and no electricity
to cook what little food they
may find.

The few stores that sell
canned foods are owned by gov-
ernment that sells the items in
dollars, insensitive to the fact
that the average Cuban could
never afford to’ purchase food in
dollars, because one item of
purchase might equal his salary
earned in one month!

To add insult to injury prices
have now doubled the regular
price. Already many acts of van-
dalism have taken place in
many of these stores due to the
desperation of the people. As
a result of these acts, the army
has moved in and has taken
away the food on the shelves.
So there is no food in the stores
at all, even for the few Cuban
families who might be finan-
cially able to purchase at least
some goods.

Communication with our
families is impossible. The reg-
ular phones aré out of service.
The few persons in my village
who have cellular phones are
being controlled by the police to
prevent the world from know-
ing the real truth: The Cuban
government is not helping the
people in this crucial time of
crisis, and it is not responding to
the immediate needs of the vic-
tims of the storm. No one seems






ase

letters@tribtinemedia.net

to know what has happened to
the famous, help from his so-
called favourite friends, Russia
and Venezuela.

After the entry of Venezue-
lan oil to the island, Castro pro-
hibited the use of liquid gas in
the homes of his people. Cuban
families were left to the mercy
of electric stoves...And when
there is no electricity, there is no
food.

The sister Republic of Haiti
that has also suffered disastrous
effects in the passing of two hur-
ricanes, is receiving interna-
tional help. Cuba, on the other
hand; is rejecting help from the
Red Cross, the United States
and from many independent
organisations.

Castro and his brother are
using this natural disaster to
campaign against the United
States’ embargo. The govern-
ment is taking advantage of the
cries of thousands of Cuban
families to make politics. But
this is no time for politics. This
is the moment to put pride to
the side and think on the dire
situation of the people in Cuba.

Furthermore, I believe that
the best thing that Castro’s gov-

‘ernment can do for the people

right now is to first raise the
embargo that he has created for
us, the Cubans. At a moment

like this he should allow all
Cuban family members abroad
to come to the island without
restrictions and, in particular,
he should revoke the outra-
geous'20 per cent embargo he
imposes on the money we send
to our families. That is indeed
the embargo that should be

raised as a gesture of good will ~ “:-

in the face of such a disaster.
This is the embargo that harms
all of us.
Yesterday I called the Cuban
Consulate in Nassau to ask if
any plan of assistance has been

created to mediate between the *

two embargoes: the external
and the internal one, so that |
who live in the Bahamas can
send some help to my people.

Mr Ambassador responded
that there was no such plan and
that everything will remain the
same.

He added that the Embassy
has opened a general account

in a bank in which I can deposit ’

oy SeEorey

my monetary help, of course .. |

with a 20 per cent embargo.

The only thing left for me to

do is to resort to something that .. .

has never had an embargo; and
that is, my faith in Ged and in
prayer.

DR JOSE A LOPEZ
Cuban Political
_ Refugee in the Bahamas

Nassau,
September 13, 2008.

We do not need 24-hour shopping

EDITOR, The Tribune.

Before the obvious campaign
that has been quietly launched to
obtain Government’s approval
for not only opening all day on

Sundays but also opening 24/7 °
(open 24-hours a day) gains |

momentum may I empathetically
object to this.

Prime Minister: We have a
totally collapsed society, please
do not put the last nail in the cof-
fin. We do not need 24-hour
shopping.

I was against the development
initially for longer Sunday hours

of opening because, firstly, it real- .

ly is not necessary except for
those of us who are simply. lazy
and cannot or are unable to
organise their lives to programme
shopping between Monday and
Saturday.

ee,







I was against allowing the con-
venience stores attached to the
gas stations being open all day on
a Sunday as this discriminated
against every other duly legally
licensed business — surely it is
important to uphold law and
order, or is it?

The push coming from Robin |

Hood Mega Markets is obvious,
but many questions must be
asked as to the real why and the
real intent of the owners,
unknown, of Robin Hood?

Most of us probably have seen
the television caméo on Robin
Hood and I ask a specific ques-
tion.

Where in your store do you
have ‘antiques’? I have looked
carefully at your Chinese furni-
ture and they are certainly not of
any dynasty so they are liable to
Bahamas customs duty.

Pricing at Robin Hood? Ladies
watch every week I am seeing
prices going up — subtle but
watch.

Talking about food prices —
the letter by H Adderley in our
local tabloid on the pluses of the
two stamp programmes certainly

AS a

privately-owned,

is valid and I support Mr Adder-
ley’s position that the businesses
that have this opportunity should
be encouraged to set-up extra dis-
counted specials with their stamps
on bread-basket items.

Personal debts — to my knowl-
edge the government is not
responsible for my personal debts,
or, if it is, please advise.

The statement attributed to the
Prime Minister this week ‘that
government was considering pro-

posals to assist those who finan- ~

cially could pay their bills but for
example are now seriously in
arrears with BEC to establish
some method where the Public
Treasury will pay those bills and

then the people pay back the |.

Treasury.

If you believe that, Prime Min-
ister, you have totally lost your
senses — look at the Ministry of
Education Scholarship scheme 48
per cent of all recipients are in
arrears and, I understand, that
the majority are civil servants.

T BURROWS

Nassau,
September 12, 2008.

mid-sized

Bahamian Company and the authorized”
Caterpillar dealer in the Bahamas, we
are seeking an Electrical Technician. The
candidate/s should have proven experience

in Generators with more than
Switches,

Transfer

1SOKW’s,

and Generation.

Applicants with formal education in electri-

cal work are preferred.

Send complete resume with education
and work experience to:

M&E Limited, P.O.Box N-3238,
Nassau Bahamas, Attention:
Human Resources Department,

or email:me@me-ltd.com

sales &

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BAST SHIRLEY STREET + 322-3775 » 325-3079

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QUALITY:




THE TRIBUNE

WEDNESDAY, SEPTEMBER 17, 2008, PAGE 5



MT

© In brief Govt urged to restore ‘strippe

a ceetececceccccseeescceceeceeesecsecerseesesebenseaeeseaeeeeee®

GB Power Company
restored to full power

THE Grand Bahama Power
Company main generation
plant shut down on Monday
afternoon due to equipment
failure on their 69KV line,
causing an island wide black-
out at 2pm.

The shut-down was a pre-
cautionary method to safe-

- guard the assets of the gener-
ating units at the plant.
Restoration began at 2.40pm
and was restored to the island
on a priority basis. Power was
restored to 70 per cent of the
customers by 5pm, with the
majority of the island return-
ing to service by 7pm and all
power was returned by 12.35
am yesterday morning.

The Grand Bahama Power
Company apologised for the
inconvenience caused to the
public, but assured their cus-
tomers that the plant shut-
down measures are in place to
prevent costly damage to the :
generators and are in keeping :
with industry standards. q

Grand Bahama Power Com-
pany is a totally integrated util-
ity company serving the island's
50,000 residents and commer-
cial establishments from east
to west.

North OMS coo airport AC ‘need fixed urgently’

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

THE GOVERNMENT must “as a matter of

4 By TANEKA THOMPSON
Tribune Staff Reporter
thompson@tribunemedia.net

FORMER Foreign Affairs
Minister Fred Mitchell urged
government to restore the pro-
motions of "stripped" prison offi-
cers or face legal action.

A number of officers at Her
Majesty’s Prison were promot-
ed by the PLP on May 1, 2007 —
the day before the general elec-
tions — but were deemed irregu-
lar by the current administration.

The FNM questioned the legit-
imacy of the promotions and did
not honour them. .

Speaking at a press briefing on
public service and foreign affairs
issues in the Opposition Com-

mittee Room yesterday, Mr -

Mitchell insisted the promotions
were properly done and argued
that the PLP authorised the pro-
motions with the view that the
paperwork would “catch up"

‘with the promotions.

"They're quarreling with the
fact that the promotions took
place on the first of May. How
that causes to make them irreg-
ular, I have no idea,” he said.

Mr Mitchell said a note from
the prison superintendent
showed that Her Majesty’s
Prison was contacted by the

chairman of the Public Service ,

Commission who indicated that



Fred Mitchell

the officers had been promoted.

The superintendent then
reportedly contacted the perma-
nent secretary at the Ministry of
National Security who said the
paperwork would catch up after-
wards, Mr Mitchell said.

On this basis, the prison super-
intendent posted these promo-
tions on the prison notice board,
he said.

"The FNM then comes to
office and several months later
decides that the promotions were
irregular — that the people were
not qualified for the promotions.
And so suddenly people who
were simply waiting for the
paperwork to catch up, which is a
normal practice in the public ser-

should not be happening as far as I am concerned,”

he said.

The council member said he feels sorry for those

who have to pass through the airport and particularly
for those who work there.

urgency” fix the partially collapsed public dock in
North Eleuthera and the broken air conditioning in
the airport before the winter tourism season gets
underway, a Harbour Island council member said.

The air conditioning at the airport falls under the
responsibility of Civil Aviation, while.the dock’s
care is that of the Ministry of Works.

Council member Patrick Barry said that the run-
down state of these facilities presents a “bad picture”
to “Briland’s many visitors and is a shame consid-
ering the progress that has been made in other
areas.”

Mr Barry claimed he was told by then Minister of
Works Earl Deveaux in April that the contracts to
fix the dock, which the council member said is in a
“dangerous” state, were being put out to tender.

Just four weeks ago, Mr Deveaux’s successor
Neko Grant allegedly said the same thing, Mr Bar-
ry said.

“Tt looks like we can’t get anything done. This has
been going on for over a year. North Eleuthera is
next to Marsh Harbour, Abaco, as far as revenue is
concerned.

‘We are a touristic area up there and these ngs i

CREDIT SUISSE

“Right now all they’ve got is a couple of fans gen-
erating hot air. The season is supposed to begin in
early November or late October and I don’t know

why the government hasn’t done anything about’

this.”

Mr Barry said that he has been informed that the
equipment necessary to fix the air conditioning has
been at the airport for some time and all that is
required now is “a couple of thousand dollars to
put it into the terminal.”

The Tribune left a message for Deputy Director of
Civil Aviation Ivan Cleare yesterday, but it was not
returned up to press time.

Minister Grant admitted that. the public dock,
kriown as the Three Islands Dock, is in an “unac-
ceptable” state.

He said the government is “actively reviewing
(its) options” as they relate to the dock and is cur-
rently assessing the cost of the repairs.

The government, Mr Grant said, will be “address-

ing it in short order,” although he could not give a

timeline for when the dock will be restored.
“T assure you that it is being given my personal

. attention,” he.added.

Credit Suisse, Nassau Branch

Private Banking

is presently considering applications for

Business Project Leader

- We are accepting applications for a

Department with the following minimum TeeuiOn:

Qualifications:
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* Ongoing internal and external career development/training program

requirements need not apply.

Applications should be submitted to:
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P, O. Box N-4928

Facsimile: 356-8148
DEADLINE: September 19", 2008



vice, were told that they were
stripped of these promotions.

“From our point of view, on
the face of the record, it appears
to us that everything was regu-
larly done. And so we have to
hold the government's feet to the
fire on this issue,” he said.

Mr Mitchell said he has written
to the Public Services Commis-
sion and Minister of National
Security Tommy a on
the issue.

The Commission and the min-
ister have yet to rectify the situ-
ation, he said.

The officers’ only recourse
now is to write the Commission
once more with the intent of get-

Bank
Financing
> Available

ting a deadline for their promo-
tions or take legal action, Mr
Mitchell said.

"My instructions are now to
proceed by writing them again,
with some sort of finite deadline
in mind. And once that finite
deadline is past, then we will
have to take some action in the
courts to ensure that these peo-
ple get justice in the circum-
stances."

So far, three prison officers
have contacted him about tak-
ing legal action against govern-
ment, he said.

_In June, Minister Turnquest
said his ministry was Foyle Wire.
the promotions.

d’ prison officers’ promotions

Attempts to reach Minister
Turnquest, who was in Cabinet
yesterday, and the Permanent
Secretary at the Public Service
Commission Donnella Sands
were unsuccessful up to press
time last night.

Messages left for Chairman of
the Public Service Commission
Hugh Sands were also not
returned up to press time.

UU
EXTERMINATORS

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PAGE 6, WEDNESDAY, SEPTEMBER 17, 2008

THE TRIBUNE



Pennsylvania

fire engine
donation —
for Bimini

A FIRE engine from west-

ern Pennsylvania is being
donated to the Fire Services
Department in Bimini.

The fire truck, donated by

Prison officers’ rally urges
young people to ‘walk away

@ By LLOYD ALLEN

ers will decrease as a result this

presented during school assem-

the non-profit organisation rally. blies. We want to get the message HEL presentation to Ii Hai f Turnquest
Fire Rescue Development OFFICERS at Her Majesty’s He explained that the event, out.” : "
Programme, will be used Prison will host a special anti- _ which will take place this Thursday Recently the prison also began |

in Alice Town, the Associat-
ed Press reported
yesterday.

The Vandergrift Volun-
teer No. 1 Fire Department
in Pennsylvania sold the
1983 truck for $4,050 on the
internet auction site eBay to
the Fire Rescue Develop-
ment Programme, which
helps equip firefighters in
developing countries.

Officials in Vandergrift,

outside of Pittsburgh, bought

the truck new for $56,000,
but said although it still

works, it no longer meets the
local performance standards. :

The Vandergrift depart-
ment and others also donat-
ed some equipment with the
truck.

PROSPECTUS

crime rally this week.

The rally’s intended message
for young people is “just walk
away.”

Prison public affairs co-ordina-
tor Sergeant Rolean Smith said,
“Although the vast majority of
young people are decent, law abid-
ing and purposeful, the fact is that
school violence is a challenge that
we must all seek to overcome,
through our collective will and
united efforts.”

Just last week Superintendent
of Prisons Dr Elliston Rahming
reported that 7 per cent of inmates
incarcerated in Her Majesty’s
Prison between January
and August of this year were juve-
niles.

Sergeant Smith said he hopes
that the number of youth offend-

at the Kendal G L Isaacs Gym,
will host selected prisoners who
will use the forum to talk about
their personal experiences lead-
ing up to their imprisonment.
More than 2,000 high schoolers
are expected to attend the event.

Message

The message of the forum will
be “crime doesn’t pay.”

After hosting a similar event in
March with limited success,
Sergeant Smith said that this latest
rally is being targeted to as many
schools as possible.

Plans are also in motion for the
distribution of'a DVD recording
of the event.

“The event can be recorded and

THE GOVERNMENT OF THE COMMONWEALTH OF THE BAHAMAS
BAHAMAS REGISTERED STOCK 2028, 2029, 2030, 2031, 2032 and 2033

a mentoring programme entitled
“Partners Against Crime Initia-
tive.”

Having already been established
in a number of schools, Sergeant
Smith said it is the prison’s inten-
tion to merge the existing pro-
gramme with a similar one by the
international organisation called
Student Against Violence Every-
where (SAVE).

“As a follow-up to this rally we
will seek permission from the Min-

istry of Education to establish :

SAVE chapters on school cam-
puses throughout the islands,” he
said.

Entertainment for the event will
be provided by local music groups
including the Prison Pop Band,
Christian Massive, Positive Influ-
ence and Peter Ranks.



SIR ORVILLE TURNQUEST was presented with a token of appreciation by
Fabian Bain, treasurer of the Rotary Club of Nassau Sunrise, where he was
guest speaker. His topic was the Bahamas’ Independence. Sir Orville
described for Rotarians the Bahamas’ rich and exciting history from the
landfall of Christopher Columbus in 1492 to the present time.

THE GOVERNMENT OF THE COMMONWEALTH OF THE BAHAMAS
BAHAMAS REGISTERED STOCK 2028, 2029 , 2030, 2031, 2032 AND 2033

ISSUE OF B$100,000, 000.00 FOR OFFICIAL USE ONLY
: APPLICATION No:
Issued under The Bahamas Registered Stock Act, and authorized by Resolutions of the House of Assembly, ALLOTMENT No.
12th June, 2008. . BATE:

Applications will be received by The Banking Department beginning at 9:30 am on 8th September, 2008
and will close at 3:00pm on 18th September, 2008. Allocations will commence at 9:30 a.m. on 19th September,
2008 and will cease at 3:00p.m. on 22nd September, 2008.

If the total subscriptions exceed the sum of B$100,000,000.00 (Nominal) partial allotment will be made to

subscribers, and a proportionate refund will be made as soon as sieve after allotment.
paid on amounts so refunded.

No interest will be

The date of this Prospectus is 3rd September, 2008

The Government of The Commonwealth of The Bahamas invites applications for Bahamas Registered
The Stock will be available in a range ur maturity dates; the earliest being
repayable in 2028 and the latest in 2033. The total amount of Stock offered, the rate of interest and the issue

Stock totalling B$100,000,000.00.

The Registrar

c/o The Central Bank of The Bahamas

P. O. Box N-4868
Nassau, Bahamas

Sir:

I/We hereby apply for the following amount of Bahamas Registered Stock:

Insert below the amount applied for
in Units of B$100

price are given below :- 9/32% Above Prime Rate Bahamas Registered Stock 2028 B$

Issue 5/16% Above Prime Rate Bahamas Registered Stock 2029 BS

Rate of Interest Name of Stock _ Amount BS Price B$ 11/32% Above Prime Rate Bahamas Registered Stock 2030 BS

9/32% Above Prime Rate Bahamas Registered Stock 2028 — 10,000,000.00 100.00 3/8% ‘Above Prime Rate Bahamas Registered Stock 2031 BS
5/16% Above Prime Rate Bahamas Registered Stock 2029 — 15,000,000.00 100.00 : ; ;

/1132% Above Prime Rate Bahamas Registered Stock 2030 _15,000,000.00 © 100.00 Doge vee Ra, eee eee ee
~ 3/8% Above Prime Rate Bahamas Registered Stock 2031 — 20,000,000.00 100.00 7/16% Above Prime Rate | Bahamas Registered Stock 2033 BS
13/32% Above Prime Rate Bahamas Registered Stock 2032 20,000,000.00 100.00
7/16% Above Prime Rate Bahamas Registered Stock 2033 — 20,000,000.00 100.00 and undertake to accept any less amount which may be allotted to me/us.

100,000,000.00 :

The Stock shall be repaid on 22nd September, in the year appearing in the name of the Stock.

INTEREST

The Stock will bear interest from 22nd September, 2008, at the rate shown against the name of the Stock as
the percent per annum over the Prime Rate (i.e. the prime commercial interest rate from time to time fixed by
the Clearing banks carrying on business in the Island of New Providence in The Bahamas. If there shall be any
difference between them, then that which is fixed by Royal Bank of Canada). Interest shall be payable half-
yearly commencing on 22nd March, 2009 and thereafter on 22nd September and 22nd March in every year until

the Stock is repaid.

CHARGE UPON CONSOLIDATED FUND

‘The principal monies and interest represented by the Stock are charged upon and payable out of the
Consolidated Fund and assets of The Commonwealth of The Bahamas.

Issue of Store,

SUPPLEMENTARY PROVISIONS




The Stock will wv issued by the Registrar (The Central Bank of The Bahamas).
Applications will be
September, 2008 and

at 9:30 am on 8th
$. Allocations will

commence at 9:30 a.m. on 19th September, 2008 and will cease at 3:00p.m. on 22
September, 2008. All envelopes enclosirig applications should be labelled “Application
For Bah amas Government Registered Stocks”:



I/We enclose B$

in payment for the Stock applied for.

In the event of the full amount of Stock(s) applied for above is/are not allotted to
me/us, I/we request that the sum refundable to me/us be applied for the following Stock:

Bahamas Registered Stock BS

PAYMENTS CAN BE MADE VIA REAL TIME GROSS SETTLEMENT SYSTEM (RTGS) ,
THROUGH ALL COMMERCIAL BANKS EXCEPT FINCO, BY BANK DRAFTS PAYABLE TO THE
CENTRAL BANK OF THE BAHAMAS UP TO $50,000.00 (FUNDS IN EXCESS OF THIS AMOUNT
.CAN BE PAID THROUGH THE RTGS SYSTEM) AND BY CASH.

1. (One Person)



Ordinary Signature

Name in Full (BLOCK LETTERS, state whether Mr., Mrs., or Miss and titles if any.)



Address (Corporations etc. should give Registered Addresses )





Units The Stock will be in units of B$100.00. .
. P. O. Box
Applications . Applications must be for BS100. 00 or a multiple: of thats sum.
Application Forms Applications for the Stock should be made to the Registrar on the form attached to the
Prospectus and may be obtained from the Registrar offices in Nassau and Freeport, The
Treasury Department (Marlborough Street & Navy Lion Road, Nassau) or any of the
following banks: ,
; Telephone Nos. (H) __ (W)



Bank of The Bahamas International



















1.
2. First Caribbean International Bank (Bahamas) Limited :
3. Finance Corporation of Bahamas Limited 2. (Where two or more persons apply as joint subscribers, the additional names and addresses should
4. Commonwealth Bank Limited : bel f
5. Royal Bank Of Canada be given below.)
6. Scotiabank (Bahamas) Limited : .
7. Fidelity Bank (Bahamas) Limited (formally British American Bank(1993) Ordinary Signatures
Limited)
8. Citibank, N.A.
Names in Full
PUBLIC DEBT
Provisional estimates from the unaudited accounts as at June 30, 2008 show the Public Debt of The And/OR
Bahamas to be B$3,098,664,000.*
GOVERNMENT REVENUE AND EXPENDITURE
Address
The following information is extracted from the unaudited accounts of the Government of The
Commonwealth of The Bahamas. .
Telephone Nos.(H (W)
_ FY2005/2006p** F Y2006/2007p** FY2007/2008p** P ) ‘
BS B$ BS
Approved Budget Approved Budget ; . ;
Revenue 1,221,454,000 1,338,481,000 1,483,929,000 I/We hereby request semi annual interest to be paid to:
Recurrent Expenditure (excluding
Repayment of Public Debt) 1,149,582,000 1,285,692,000 1,385,133,000 Bank Name
Capital Development
Expenditure (excluding loans
contributions and advances Bank Branch
to public corporations) 123,454,000 166,225,000 189,731,000

** Provisional estimates from the u .udited accounts.
“* The Public Debt amount is inclu ive of The Public Corporations contingent liability which as at June
30, 2008 totalled B$419,807,000.

Account Number






THE TRIBUNE







Rely ea

WEUNCOVAY, SEF IEIVIDEN 1/,

CUUG, FAUE /



THE SCIENTIFIC CONSENSUS IS GLOBAL Wz. .MING WILL LEAD TO MORE DESTRUCTIVE STORMS

New US president must face climate challenge

A: we approach the
height of the you-

know-what season — with 12
named storms predicted and 10
named so far — it is worth repris-
ing the work of a science journal-
ist named Chris Mooney, who last
year published Storm World, a
book linking hurricanes with the
battle over global warming.

Mooney grew up in New
Orleans, the city that was
smashed by Hurricane Katrina
three years ago, and is the Wash-
ington correspondent for Seed
Magazine. His book presents a
scientific history of our current
understanding of hurricanes and
asks if we are making them even
more dangerous than they
already are.

His starting point is that since
the Earth's atmosphere is warm-
ing, and since hurricanes draw
their power from the heat energy
stored in tropical ocean waters,
warmer seas should (all else being
equal) produce more intense
storms.

This has enormous implica-
tions — particularly for us in the
Bahamas — because strong hur-
ricanes cause dramatically more
destruction than weak ones when
they hit land. Although that might
sound obvious at first, the fact is
that the amount of damage
increases at a faster rate than
wind speed.

"It has been estimated that a
land-falling Category 4 or 5 hur-
ricane, with maximum sustained
winds greater than 131 miles per
hour, causes 64 times as much
destruction as a Category 1 storm
(with winds from 74 to 95 mph)
and 256 times as much as a mere
tropical storm (winds up to and
including 73 mph)," Mooney
reports.

"If we're really making the

deadliest storms on Earth still
deadlier, it will represent one of
humanity's all-time greatest foot-
shooting episodes. Short of a col-
lapse of the Greenland or West
Antarctic ice sheets, it's hard to
imagine many hypothesised man-
ifestations of global warming
more likely to shock the public
or generate a call to action."
Global warming has been high
on the scientific agenda since
1988, when the Intergovernmen-
tal Panel on Climate Change was
set up by the World Meteorolog-
ical Organization and the Unit-
. ed Nations. But only in more

recent years has it become a top- '

ic of heated dinner table conver-
sation, with former US vice pres-
ident Al Gore's documentary
film, An inconvenient Truth, help-
ing to feed the popular interest.

The IPCC brings together
thousands of scientists from all
over the.world to make periodic
assessments of the state of cli-
mate science. Their latest report,
was issued last year, and its con-
clusions were reached by consen-
sus under the leadership of Dr.
Susan Solomon of the US Nation-
al Oceanic and Atmospheric
Administration.

The IPCC does not conduct
its own research — it sifts and
evaluates the existing peer-
reviewed literature to pull togeth-
er the best available scientific
knowledge on climate change. In
fact, experts say this process is
one of the most ambitious, com-
prehensive, heavily reviewed, and



“So the scientific consensus is
beginning to shift towards
those who see evidence that
global warming will produce
an upward trend in the
destructive power of tropical
cyclones.”



authoritative knowledge-gather-

ing enterprises ever undertaken.

The 2007 assessment con-
firmed the "unequivocal" warm-
ing of the climate system, as is
now evident from increases in
global average air and ocean tem-
peratures, widespread melting of
snow and ice,'and rising global
average sea level.

The report also said it was
"likely" — meaning a greater
probability than 66 per cent —
that rising temperatures were a
factor influencing the intensity of
tropical storms.

Ass Mooney outlines in his
book, more powerful hurricanes
are one of the assumed conse-
quences of global warming,
"although specific weather events
can never be 'caused' by a statis-
tically averaged change in global
climate over time, even if they
are precisely the kind of events
that should grow more common

. as global warming sets in."

Ecosystems

Global warming is caused by a
buildup of greenhouse gases (like
carbon dioxide) in the atmos-
phere which help to trap the sun's
heat. Most scientists believe that
this buildup is the result of human

activities such as the burning of |

vast quantities of fossil fuels since
the start of the industrial era:
"The warming trend over the past
50 years (0.13 degrees Celsius per
decade) is nearly twice that for
the last 100 years," the IPCC says.

This warming trend can trigger
long-term changes in the Earth's
climate that may threaten human
societies and natural ecosystems.
But when scientists began talk-
ing about cutting greenhouse gas
emissions, they implicated the for-
tunes of some of the world's most
powerful vested interests. And
before long, the petroleum and
automobile industries had organ-
ised to combat the global warm-
ing forecasters.

One of their core weapons was
to create doubt about the validity
of the science itself — the same
tactic used by the tobacco indus-
try for decades when scientific
research pointed to adverse pub-
lic health consequences from
smoking. And for a while, the cli-
mate change sceptics were pow-
erful voices — to the point of
influencing George W Bush to

reverse his 2000 campaign pledge
to cut greenhouse gas emissions.

But the pendulum has swung
recently with the collection of
new scientific data, so that even
ExxonMobil acknowledges that
greenhouse gases from smoke-
stack and tailpipe emissions are
factors in global warming. For
years, ExxonMobil had funded
think tanks that questioned the
science — and whether policies

‘to address global warining would

be cost-effective.

For example, the Heartland
Institute, an influential libertarian
think tank based in Chicago,
asserts that "environmental scares
are frequently unsupported by
sound science and are often
launched to further an anti-cor-
poration, anti-free market agen-
da. Activists use junk science to
stampede the public intg fearing
chemicals in the air, food, and
water, and the possible conse-
quences of poorly understood
phenomena such as climate
change."

But the massive destruction
caused by Hurricanes Katrina and
Rita in 2005 focused public atten-
tion on the relationship between
tropical cyclones and global
warming. And some well-known
climate researchers concluded
that warmer seas were indeed
fueling stronger storms.

‘According to Kerry Emanuel
of the Massachusetts Institute of

Technology, "There is some evi-

dence that hurricane intensity is
increasing. Records show an
upswing of both the maximum
wind speed and duration of hur-
ricanes worldwide.

The energy released by the
average hurricane (considering
all hurricanes worldwide) seems
to have increased by around 70
per cent in the past 30 years or so,
corresponding to about a 15 per
cent increase in maximum wind
speed and a 60 per cgnt increase
in storm lifetime."

A big chunk of Chris
Mooney's book details the bat-
tles in American scientific and
political arenas over whether the
unusually active hurricane sea-
sons of 2004 and 2005 were "a
portent of global warming's mete-
orological onset." Indeed, the
Bush administration went so far
as to censor government scien-
tists, editing their pronounce-
ments on climate change and hur-



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ricane intensity to reflect the offi-
cial "party line."

Mooney reports that, although
the Atlantic was less active, glob-
ally "2006 — like 2005 and 2004
— featured many incredible hur-
ricanes. That includes what may
have been the strongest southern
hemisphere storm ever observed,
and what is officially the longest-
lived intense storm. The records

set were yet again consistent with —

— though still not proof of —a
global warming-induced intensi-
fication of hurricanes. They didn't
make you certain, but they cer-
tainly made you wonder."

So the scientific consensus is
beginning to shift towards those
who see evidence that global
warming will produce an upward

trend in the destructive power of
tropical cyclones. Taking into
account rising coastal populations,
this could lead to a substantial
increase in hurricane-related loss-
es in this century, experts say.
And the consensus is really all
we have to go on, Mooney says:
"We can't pick winners — uot
unless the broader scientific
process, in which they all partici-

pate (or the bulk of them) togeth- .

er in a conclusion they strongly
and collectively accept. On glob-
al warming itself, that has hap-
pened already. On slobal warm-
ing and hurricanes; :. ..usn't."
For a world that nas endured
the Bush Administration's two-
term obstruction of any interna-
tional action to address, global

warming issues, it is interesting
to note that climate change now
looms larger than any other envi-
ronmental threat in the mind of
the American public.

And regardless of who wins
the November election, climate
change is likely to be high on the
new president's agenda.

e Storm World: Hurricanes, Pol-
itics and the Battle Over Global
Warming by Chris Mooney Har-
court Publishers, 2007.

What do you think? Send com-
ments to larry@tribunemedia net

Or visit
www.bahamapundit.com

ee



THE BAHAMAS NATIONAL YOUTH CHOIR




Try out for the Bahamas National Youth Choir

Wednesday, September 24, 2008
St. John’s College Auditorium - 7:00p.m.










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PAGE 8, WEDNESDAY, SEPTEMBER 17, 2008

Omar

Archer

FROM page one

ordeal.

Mr Archer said yesterday
that he cannot thank the staff :
of Princess Margaret Hospi- }

tal enough for saving his life.

He especially thanked his
attending doctors and nurses :

of male surgical ward cne.

“I received better treatment
than I would have at any oth- :
er institution. I want to per- :
sonally tip my hat to these :

individuals,” he said.
“They’ve been very helpful,

very, very patient, because }
sometimes the pain was over- }
bearing and my attitude was :

just not (good).”

Before being released from

Princess Margaret Hospital,

doctors removed a bullet that
was still lodged near the :

patient’s spine.

Mr Archer said the procé- }
dure was cartied out right in ;
his hospital room and only ;
took about five to 10 minutes. ;

“They did not stitch it up :
because they want it to heal :

naturally,” he said.

Mr Archer said he is still :
experiencing a lot of discom- :
fort from his injury, but has :
started a work-out regimen to :
get himself fully back on his :

legs.

does.”

cause of the common Bahami-
an. I will not stop,” he said.

“] still intend to pursue my :
political aspirations, I still ;
intend to be the voice of the :
common man and seek out :
corruption and expose it daily. :
I am still the same Omar : .
Archer I was when I first :
came on the scene and I will }
be the same Omar Archer :
when I decide, God willing, :

to one day leave the scene.”

Marvin Newbold, 32, of }
Yellow Elder Gardens, was :
last week charged in the Mag- :
istrate's Court with the :
attempted murtler of Mr :

Archer.

The Toyota 4Runner has supreme power and atyle:| ina

FROM page one

Miller if his son had any injuries
on his body on the last day that
he saw him alive.

Mr Miller answered that his
son was in good health the
night before June 22, 2002,
complaining only of a slight
injury to his right big toe.

Following this last
encounter, Mr Miller said —
as his voice continued to trem-
ble — the next.time he saw
his son was at the hospital.

“When I got to the hospi-
tal, Helen and I, he had a lot
of stab wounds all over him,”
he cried.

Presenting him with a pho-
tograph from evidence of his

deceased son, Mrs Grant- -

Bethel asked Mr Miller if he
could identify the body that
he saw.

Fighting back tears, Mr
Miller responded: “That’s my
son, Mario.”

As Mr Miller’s testimony
came to an end, his wife
Helen, sitting by her daugh-
ter, Yasmine, sobbed quietly
in the public gallery.

THE TRIBUNE

Leslie Miller breaks
down on witness stand

Sitting in the prisoner’s
dock, charged with the murder
of Mario Miller were broth-
ers Ryan Miller and Ricardo
Miller, alias Tamar Lee.
Lawyer Romana Farquharson
represented Ryan Miller, and
Ricardo Miller is being repre-
sented by lawyer Romauld
Ferreira.

Before Mr Miller’s testimo-
ny the court also heard from
Detective James Colebrooke,
a Crime Scene Investigator.

Stating that he was on duty
at the Criminal Records
Department at the time of the
murder, Detective Cole-
brooke said he went to the
Supervalue shopping centre
in Winton where he discov-
ered the body of Mario Miller,

lying on its side in a bushy
area with wounds to the face,
neck, and over the body.
Detective Colebrooke, who
took 20 photographs of the
scene, presented the jury with
copies of each image and
described each of them in
turn. The photos ranged from
images of the street in front
of Supervalue to actual pho-
tographs of the deceased.
As Detective Colebrooke
elaborated on the images 16
through 20, which showed
close up shots of the wounds
of the deceased, ranging from
injuries to his face, chin, ear,
right shoulder, right hand, and

back, Mario’s mother Helen .

continued to dab her eyes as
her daughter looked on.

Also giving testimony was
Detective Corporal Darren
Ellis, who had collected blood
swabs from inside Mario’s
Green Infinity jeep.

Detective Ellis pointed out
suspected blood stains that
travelled from the jeep’s head-
rest, to the seat, the floor, and
finally the front handle on the
driver’s side.

Officer Howard Bethel also
gave testimony yesterday. He
said he collected DNA sam-
ples from the deceased,
including fingernail clippings
from the left and right hand,
debris from the left hand and
right foot that was all taken
to the forensic lab at police

_ headquarters.

Police Sergeant Clement

Reflecting on his brush with :
death, Mr Archer said the :
experience has solidified‘his ;
belief thet “man does not have :»
dominioa over life, but God :

“My God pulled me
through this for a reason. :
Whatever that reason is, I will :
continue to champion the

vecccccscecsecccccccecssscsscccccccccccsccssooeceeecesecesessccsaeneeesscccccocaaaneeesseseessssacaaneaanesescacessceasennesceccesanaaaasessssssscasananacenesscsesccsaneceseccessescnaauuvansocacosonsesecseuseeseuasaueuasssepeosonaaseascasosesccccogaueoeeseeseeeseeeseretee tte

Woman ‘petrified’ of walking outside home

FROM page one

order.” !

In the affidavit supporting the injunction,
made by Paradise Island resident Maria
Castrechini and obtained by The Tribune,
Ms Castrechini alleges that Peace Holdings
Limited (PHL) — in contradiction to the
eight storeys and 10 foot-high parking
garage outlined in the 2004 Agreement for
Sale that it signed with the previous owner
of the land — built a 13 storey building
encompassing a three storey parking garage.

Meanwhile, the proximity of the devel-.
opment to her own home in conjunction

with two incidents in which a block of met-
al and a plank of wood fell from the site, hit-
ting her property, have left her fearful of
walking outside during construction hours.

Ms Castrechini’s residence is alongside
Ocean Place, in a condominium complex
called the Residence Club. Her property is
overshadowed by the development, which
dominates the southern shoreline of the

_ island.

According to the resident’s statement,
PHL’s agreement with the original vendor
outlined how they could build eight,storeys
(instead of the seven first stipulated) if they
obtained “final approval from the Ministry
of Works and all other relevant govern-

mental ministries and/or agencies. .for the

structures within the project as well as a
building permit.”

Ms Castrechini’s affidavit notes that
despite attempts by her attorneys to “pro-
cure the Department of Physical Planning’s
approved plans for the project by way of let-
ter, telephone, conference and visits,” Craig
Delancy, Buildings Control Officer at. the
department, “is unable to produce the plans
without a court order requesting the same.’

The resident said the developer has “bla-
tantly ignored” the “non-obstruction line”
setback from her property, as well as other
guidelines laid out in PHL’s sale agreement
with the previous property owner and in
letters to herself.

Her affidavit further alleges that although
Cresswell Sturrup, then an employee of the
Ministry of Works, told her in May 2006

that Peace Holdings’ decisions to build ,

beyond the non-obstruction line was not
approved and he had advised the develop-
er to “immediately revert to the original
plans,” this did not happen.

She said despite calls made to Mr Sturrup. °
in July of that year anda promise he would

visit the site, he has since “not taken any of
my calls, neither has he returned them.”
The resident said in August 2006 she
turned down a “settlement sum” of
$300,000 offered to her by PHL “as he was
well aware of his gross breach of his oblig-
ations,” believing it-was inadequate.

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“The defendant’s gross violation of his
obligations has caused a severe drop in the
value of my property and any future profit
I may have gained from the sale or rental of
my home has been severely diminished,”
she stated in the affidavit.

Ms Castrechini’s lawyer, Cathleen Hassan
told The Tribune that “based on the docu-
ments we have there is reason to believe
that (PHL) has a question to answer about
whether they are authorised to build in the
manner they are.”

PHL was sued by:a contractor, Edward
Penn, for over $2 million in October 2007.
The suit also demanded that Peace Hold-
ings refrain from preventing Penn from
removing his tools and other equipment,
including a tower crane, from the Ocean
Place construction site.: ;

In March 2008, 43 illegal immigrants, of
Haitian, African and
descent, among others, were taken into cus-
tody during a raid on the Ocean Place work
site.

Peace Holdings Ltd is also developing
Skyline Lakes in western New Providence,
which will involve family lots and a retail

complex, and‘the Lake Cunningham com- .

mercial development. —

It has 27 years experience in the field, its
website states, crediting its “success” on
“relationships...carefully fostered in both
the private and pubic sections.”

Jamaican

®

Jones testified that police also
searched a white Nissan Sen-
tra, which was registered to
Ryan Beneby in which they
discovered a small amount of
suspected blood on the interi-
or door panel on the passen-
ger side.

As:a result, Sergeant Jones
said, he took a number of pho-
tographs both inside and out-
side of the vehicle along with
samples of the carpet and seat
vinyl for forensic analysis.

Constable Jermaine Stubbs
testified that he was sum-

~ moned to the Accident and

Emergency section of the
Princess Margaret Hospital
where he met one of the
accused, Ricardo Miller, who
at the time identified himself:
as Tamar Lee.

After having him sign a
release form Mr Stubbs said
he drew blood from Mr Lee
and took photographs of a
wound that was in the palm
of Lee’s left hand.

However, under cross-
examination from Mr Fer-
reira, Constable Stubbs could
not confirm when or how
Ricardo Miller had received
this injury.

“So you are in no position
to tell this court how he got
this wound, or when he got it
correct? Other than you took
a picture of it,” he said.

The trial is set to continue
today in Supreme Court num-
ber two at 10am. '

Mario Miller was stabbed
to death on June 22, 2002. His
body was found in bushes near
the Super Value Food Store
in Winton and both Ryan and
Ricardo Miller initially stood
trial for his murder in 2006.
However, in the final stages
of the trial, one of the jurors
was found to have been close-
ly connected to a family mem- '
ber-of the accused and was cit-
ed for contempt. Justice Ani-
ta Allen subsequently ordered
a retrial.

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WEDNESDAY, SEPTEMBER 17, 2008, PAGE 9

THE TRIBUNE





MRT Tea

FRANCES SINGER-HAY’ © °D, wearing her ‘I Love Amigo pin’ with Wendy Diamond, star of CBS show “The Greatest American Dog,” and

Lucky Diamond beside h. ...4 Pet Memorial in New Orleans.
Photo: Ingrid Rivera

a

RESIDENTIAL & COMMERCIAL

7. HAWKSBILL SUBDIVISION,
FREEPORT

12. GRASMERE, UNIT 1
SUSDIVISION, FREEPORT.

1. HAWKSBILL SUBDIVISION,
FREEPORT



The key to New

Orleans is accepted

on behalf of Amigo

THE Humane Society of
Grand Bahama’s honourable
chairperson, Frances Singer-
Hayward, travelled to New
Orleans to participate in the
‘Katrina Pet Memorial Service.

The event commemorated
the third anniversary of Hurri-
cane Katrina and honoured the
animals who perished in the
storm three years ago.

In a ceremony held at New
Orleans City Hall, an official
memorial was unveiled.

The memorial consisted of a
bronze dog and cat by a famed
Louisiana sculptor and a wood-
en memorial entitled,
‘ ‘They \ will never be left behind
again.”

The unveiling of the memor-
ial was followed by a luncheon
attended by representatives of
rescue groups from all over
America who had participated
in efforts to save the animals.
Ms Singer-Hayward, who had
been invited to speak by
Humane Society of Louisiana
president Jeff Dorsen, was pre-
sented the Key to the City,
which she accepted on behalf
of her beloved potcake Amigo,
who died last year after a battle
with cancer.

Amigos ties to New Orleans
are deep. The
BEKIND/Humane Society of
the United States (HSUS) cam-
paign, in which he starred, was
officially launched two days
after Hurricane Katrina struck
in 2005, making his ‘HSUS
Cause Collars’ an instant sen-
sation as people around the US
ordered them in an effort to
participate in the animal relief
efforts.

The star-studded event,
attended by Amigo’s friend
‘Tinkerbell Hilton’, was fol-
lowed by appearances on CNN,
MSNBC, Fox News and stories
in national newspapers and
magazines.

The sale of BEKIND wrist-
bands by ARF (the Animal
Rescue Fund of the Hamptons),

“a sister shelter to the Grand

Bahama Humane Society,
enabled a rescue mission enti-
tled “The Amigo Express” to
travel to Tylertown, Mississippi,
the temporary home of the
Humane Society of Louisiana.

The mission brought back a
large number of dogs and cats,
which have all since been adopt-

~ ed or reunited with their own-

ers.

ARF also arranged the “pet
lift” from Grand Bahama fol-
lowing the devastation wrought
by Hurricanes Frances and
Jeanne, saving upwards of 50
animals and finding homes for
all of them.

Events in New Orleans took
on a tragic and ironic turn, as
the city once again prepared to
evacuate its population in
advance of Hurricane Gustav.

Ms Singer-Hayward who
“rolled up her sleeves and did
what she could to help” was
struck by “the unbelievable dis-
play of love for pets,” as people,
many of them very poor and in
many instances physically chal-
lenged, lined up in the intense
heat to evacuate the animals
because they could not bear to
leave them behind again.

“T know that Bahamians

- would do the same. The deep

love for one’s animal compan-
ion is equal to the love for a
beloved member of one’s fami-
ly, making animal abuse and
neglect all the more pepe
sible.

“I know that Amigo would
have been very pleased at our
efforts to fulfil his mission, that
of making the world a better
place for all animals,” Ms
Singer-Hayward said.

Amigo starred in two consec-
utive Mardi Gras parades, as
King of Barkus in 2006 and
Grand Marshall in 2007 where
he was honoured for his contri-
butions.

He was also awarded the
ARF Ambassador of Goodwill
Award, which was presented to
him by Hollywood actor Alec
Baldwin.

Royal Bahamian Resort & Offshore Island

Invites application for the position of:

OPERATIONS MANAGER
PRIVATE ISLAND

Applicants should satisfy the following minimum

requirements:

Have a First Degree in Marine Engineering from a
recognized College/University, or equivalent on the
job experience and training.

At least two years experience in the hospitality
industry or closely related filed

Will be required to reside and be fully responsible
for the operation of the entire island.

Must be computer literate

Be proactive, self motivated and willing to work

long hours

Be able to lead a team of technicians with varied

trades

Be able to set the trend for timely and quality °

work performance.

Strong communications skills oral and written
Have strong organizational and leadership skills —

Applications should be email to:

Cmajor@grp.sandals.com



3

at
a
—
Y)
an
eo
ile
J)
nr

PROPE

LOT NO. 124

PROPERTY DESCRIPTION: Single
Family Residence, 1 bed / 1 bath
PROPERTY SIZE: 5,400 sq. ft.
LOCATION: Abaco Drive
APPRAISED VALUE: $70,000

LOT NO. 152°
PROPERTY DESCRIPTION: Single
Family Residence
PROPERTY SIZE: 0.12 acres
LOCATION: Northwestern side of
intersection of Inagua Drive &
Court #3
APPRAISED VALUE: $82, 250 8. REGENCY PARK SUBDIVISION,
FREEPORT ’
LOT NO. 60 Unit 2 / Section III

2. HAWKSBILL SUBDIVISION

PHASE 1, FREEPORT

LOT NO. 57

PROPERTY DESCRIPTION: Single
Family Residence

PROPERTY SIZE: 5,487 sa. ft.
LOCATION: Abaco Drive

‘APPRAISED VALUE: $89,000

3._ QUEENS COVE, FREEPORT

LOT NO. 5 Block 25

PROPERTY DESCRIPTION: Single
Family Residence
PROPERTY SIZE: 0.22 acres
LOCATION: Property is located on
Victoria Lane south of Whitehall
Place .

APPRAISED VALUE: $170,000

4, CIVIL INDUSTRIAL AREA,

FREEPORT

LOT NO. 6 Block 5°

PROPERTY DESCRIPTION: Split
Level, Commercial Building
PROPERTY SIZE: 17,500 sa. ft.
LOCATION: Walton Street and east
of Wimpole Street.

APPRAISED VALUE: $625,000

5. BAHAMIA WEST REPLAT

SUBDIVISION, FREEPORT

LOT NO. 5 Block 17

PROPERTY DESCRIPTION: Single
Family Residence, 4 beds / 3 baths
PROPERTY SIZE: 0.28 acres
LOCATION: Northern side of a
cul-de-sac called Churchill Court
APPRAISED VALUE: $307,420

6. BAHAMIA NORTH SUBDIVISION,

FREEPORT

LOT NO. Unit 304
PROPERTY DESCRIPTION:
Condominium Apartment,

1 bed/ 1 bath : ,
PROPERTY SIZE: 650 sq. ft.
LOCATION: Fairway Manor
opposite the Golf Course

APPRAISED VALUE: $65,000

1. WINDSOR PARK SUBDIVISION

LOT NO. 29 Block 10 ;
‘PROPERTY SIZE: 0.37 acres,
Single Family Lot

LOCATION: Southern Side of
Dartmoor Way

APPRAISED VALUE: $33,000

2. DERBY SUBDIVISION
‘FREEPORT

_ LOT NO. 9 Block 17 Unit 3
PROPERTY SIZE: Single. Family
Lot, 0.30 acres

LOCATION: Queens Highway &
Dagenham Drive

APPRAISED VALUE: $33,000

"FREEPORT

LOT NO. 13 Block 2 Unit 2
PROPERTY SIZE: Multi-Family
Lot, 17,500 Sq.ft.

LOCATION: Property is located on.

Heybridge Drive 125 ft. along the
waterfront.
APPRAISED VALUE: $64,000

4. BAHAMIA WEST REPLAT,

SUBDIVISION
LOT NO. 28 Block 19
PROPERTY SIZE: 0.25 acres
LOCATION: Northern side of
Columbus Way
APPRAISED VALUE: $26,000

5.’ VOYAGER BAY SUBDIVISION,

LOT NO. 1 Block 25
PROPERTY SIZE: Multi-Family,
21,009 sq. ft.

LOCATION: Front or property is

located along the curve of Bradfield

Lane.
APPRAISED VALUE: $57, 000

PROPERTY DESCRIPTION: Single
Storey Residence, 3 bed / 2 bath
PROPERTY SIZE: 11,340 sq. ft.
LOCATION: Property is 265 yards
west of the intersection of West

Regency Drive and Brighton Drive.

APPRAISED VALUE: $132,300

9. YOEMAN WOOD, FREEPORT

LOT NO. 6 Block 58 Unit 2
PROPERTY DESCRIPTION: Single
Family Residence, 3 beds / 2 baths
PROPERTY SIZE: 0.27 acres
LOCATION: The property is located
at the end of a short unnamed

‘and unpaved cul-de-sac which

connects to Birnam Place which
connects to Spinney Road.
APPRAISED VALUE: $122,000 .

10. BAHAMIA SECTION X114

LOT NO. 1 Block 36

PROPERTY DESCRIPTION: Single
Family Residence, 3 beds / 2-1/2
baths :

PROPERTY SIZE: 0.26 acres
LOCATION: The property is located
along the northern side of a cul-de-
sac on the neighborhood collector
street called Yorkshire Drive.
APPRAISED VALUE: $256,500

11. GRASMERE, UNIT 4
_ SUBDIVISION, FREEPORT

LOT NO. 3 Block 15 -

PROPERTY DESCRIPTION: Single
Family Residence, 3 beds / 2 baths
PROPERTY SIZE: 13,500 sa. ft.
LOCATION: Glenburn Drive & East
Indiaman Road

APPRAISED VALUE: $259, 000"

~ FREEPORT
LOT NO. 1 Block 12 Unit 12

~ PROPERTY SIZE: Multi-Family

Lot, 21,108 sq. ft.

LOCATION: Intersection of
Langton Avenue and Fulston Drive
APPRAISED VALUE: $43,000.

7. HOLMES ROCK, GRAND
-BAHAMA

LOT NO. Tract of Land
PROPERTY SIZE: Single Family
lot, 0.20 acres ,
LOCATION: Southern side of
Queens Highway / eastern side of
PC Plaza

APPRAISED VALUE: $20,000

8 REGENCY PARK, FREEPORT.

LOT NO. 9 Unit 2

PROPERTY SIZE: Single Family
lot, 10,764 sq. ft.

LOCATION: West Regency Drive.
APPRAISED VALUE: $25,000

9. DEVONSHIRE SUBDIVISION,

FREEPORT

LOT NO. 24 Block 11 Unit 1
PROPERTY SIZE: Duplex lot
11,500 sq. ft.

LOCATION: West on Ashwater
Drive. :

APPRAISED VALUE: $25,000

PROPERTY SIZE: Single

Family Lot, 0.27 and 0.28 acres
respectively.

LOCATION: Property located

on the curved section of the a
minor cul-de-sac on Penryn Place
(unpaved road).

APPRAISED VALUE: $12,500
EACH

LOT NO. 13 Block 1

PROPERTY DESCRIPTION: Single
Family Residence, 4 beds / 3 baths
PROPERTY SIZE: 18,000 sq. ft. -
LOCATION: North of S. Ringwood
Drive

APPRAISED VALUE: $252, 000

13. CARAVEL BEACH SUBDIVISION,

FREEPORT

LOT NO. 284

PROPERTY DESCRIPTION: Four-
Plex Apartment Complex
PROPERTY SIZE: 12,500 sq. ft.
LOCATION: The property is located
on Drumfish Street.

APPRAISED VALUE: $256,000

14. CARAVEL BEACH SUBDIVISION,

FREEPORT

LOT NO. 75

PROPERTY DESCRIPTION: Six-
Plex Apartment Complex
PROPERTY SIZE: 19,055 sq. ft.
LOCATION: The property is located
on Bonita Lane & Bluefish Street.
APPRAISED VALUE: $567,000

15. BAHAMIA | WEST REPLAT.

LOT NO. 22 Block Block 16

PROPERTY DESCRIPTION: Single
Family Residence, 3 beds/2 baths
PROPERTY SIZE: 16,300 sq. ft.
LOCATION: On Iverness Lane
APPRAISED VALUE: $259,000

VACANT LOTS

“FREEPORT

LOT NO. 19 Block 20
PROPERTY SIZE: Single Family
lot, 0.27 Acres

LOCATION: Western Side of Perth

. Court cul-de-sac.

APPRAISED VALUE: $27,000

12. MURPHY TOWN, ABACO

LOT NO. 67 Crown Allotment #1
and #2

PROPERTY SIZE: 8,935 sa. ft. and
12,100 sa. ft.

LOCATION: Murphy Town
APPRAISED VALUE: 30,500

©2008 CreativeRalstions.net

INTERESTED PARTIES SHOULD SUBMIT OFFERS INCLUSIVE OF TELEPHONE CONTACT AND POSTAL ADDRESS
TO: CB DISTRESSED PROPERTIES, CREDIT RISK MANAGEMENT DEPARTMENT, P.O BOX - SS-6263
NASSAU, BAHAMAS OR EMAIL US AT: DISTRESSED.PROPERTIES@COMBANKLTD.COM
* WE RESERVE THE RIGHT TO REJECT ANY OR ALL OFFERS.




PAGE 10, THURSDAY, SEPTEMBER 18, 2008 ; THE TRIBUNE
ncaa
WEDNESDAY EVENING SEPTEMBER 17, 2008 ;

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

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WEDNESDAY, SEPTEMBER 17, 2008







_ PAGES 12, 13 & 14¢ International sports news —

Tom ‘The Bird’ Grant
Volleyball tourney set



m@ By RENALDO DORSETT
Sports Reporter |

o honour a legendary
local icon in the game of
volleyball, students will
have an opportunity to
compete in a pre-season

~ tournament which should simultane-

’



ously prepare them for upcoming .

league play.

The first annual Tom “The Bird”

Grant Preseason Volleyball.Tourna-
ment is scheduled for September 25-28
at the Tom “The Bird” Grant Park
and the Sir Kendal Isaacs Gymnasium.

Paradise,
T-Bird
Flyers

continue

winning
streaks

PARADISE and the' T-
Bird Flyers continued their
respective winning forms last
weekend in Bahamas Crick-
et Association play.

In their matchup with St -
Agnes, Paradise in their turn .
at bat scored 211 runs for the
loss of three wickets to win
by seven wickets.

Their top scorers included
Gary Bell for 69 runs not out,
Gary Armstrong for 39 runs
and Hamilton Guilyard for -
39 runs not out.

In Paradise’s bowling
game, Bell and Guilyard
took two wickets each.

St Agnes batted first and
scored 210 resulting in the
seven wicket loss.

Oral Wright led the scoring
with 38 runs while Rudolph
Fox added 32. ;

Bowling for St Agnes, Hes-
keth Dean, Wright and Earl
Thomas each took one wick-
et.

The Flyers also won in sim-
ilar fashion coming from
behind in the second at bat of
the match. ’

After watching the Dorsey
Park Boys post 243 runs, the
Flyers responded with 244
runs for the loss of five wick-
ets ton win by five wickets.

Top scorers for the Flyers
included Robert Campbell,
91 runs and Brice Bovise
with 44 runs.

Bowling for the Dorsey
Park Boys, Gary Campbell
and Jermaine Adderley took
two wickets each.

For the Dorsey Park scor-
ing attack, Mario Ford top
scored with 134 runs, while
Terran Brown added 49.

Bowling for the Flyers
Garsha Blair took five wick-
ets, while Eric Greene and
Garth Davis took two wick-
ets each.

For the stories

HTT aa Es
ner WE
NTE NES

The tournament will feature both

boys and girls in the primary, junior
and senior high school divisions.

Skills

The tournament is meant to place
the underexposed volleyball skills of
students on display within the con-
fines of a structured competition.

In a press statement, Tom Grant Jr
said the tournament was a means of
showing appreciation to a man who
had given so much of himself to the
sport.

“The family saw it fit to honour this

sporting legend for his many contri-
butions and achievements in the sport-
ing world, especially in the sport of
volleyball,” he said.

Grant was the first Bahamian to

. become an international volleyball

referee and the first Bahamian colle-
giate head coach in the United States
(Miami-Dade North Community Col-
lege in Miami, Florida and at St
Augustine’s in Raleigh, North Caroli-
na). |
“The Bird” has also been instru-
mental in the local game as well.

He was one of the founding mem-
bers of the GSSSA and, for over 40

\

years, he has taught at several gov-
ernment schools as a physical educa-
tion teacher and has won a series of

volleyball championships at Govern-

ment High School, C C Sweeting, H O
Nash, and A F Adderley.

Played

The tournament will be played
under the rules of the GSSSA Consti-
tution.

The coaches’ technical meeting and
registration deadline will take place
at 6:30pm September 19 at the Kendal
G L Isaacs Gymnasium.

Cardinals beat Dolphins | 3 1-10



MIAMI DOLPHINS’ Yeremiah Bell (37) tackles Arizona Cardinals’ Edgerrin James (32) in the first quarter of Sunday’s game in Glendale,
Arizona. The Cardinals defeated the Dolphins 31-10...

(AP Photo: Ross D Franklin)

Liverpool,
Barcelona win
as newcomers
stun Europe

. See Page 14

Softball:
Best-of-five
playoff series
‘pitches’.

off later in
the week

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

IT was not so much how
they started, but it was how
the Bommer George
Swingers and the D’s Truck-
ers finished to win the New
Providence Softball Associa-
tion ladies and men’s pen-
nants.

Now both teams are look-
ing forward to adding the
championship crowns to their

’ ledgers when the Sherry

Thompson and Sammy
Heastie’s best-of-five playoff °
series kicks off on Thursday
night.

“We were sort of surprised
when we started that we
couldn’t get the team togeth-

er,” said Swingers’ manager

Gary “Super” Johnson.

- “But after playing a coupe
of games, the team really »
started to play on the level
that we wanted too.

“All over the summer we
were losing players to vaca-
tion and stuff, so we had
some weak moments too.
But now that we have our
full team out, I feel that we
are at the level that we want
to be right now.”

Having fallen short of get-
ting into the final last year, .
Johnson said his Swingers are
not just swinging for a berth

_ in the final when they play

the Sigma Brackettes in
game one of their series on

Friday, but their ultimate
goal is to secure the title as

well for sponsor Bommer
George.

“Right now, the Wildcats
are the defending champions
so they are the team to beat,”
said Johnson of the Pineap-
ple Air, who has once again
struggled through the regular
season.

“Proper Care is a strong
team as well, but their pitch-
ing is not as consistent...The
Wildcats have good pitching
although their team has not
been as strong this year.
When you play against them,
you have to hit the ball and
it’s hard to hit. She’s (ace
Mary Edgecombe-Sweeting)
very strong for them.” —

If they advance to the final,
the Swingers will get an
opportunity to play against
the winner of the series
between the Lady Sharks
and the Wildcats, which will
get started on Thursday
night.

’ Johnson said they are con-
fident that they will have no
problems getting past the
Brackettes, who have man-
aged to lure veteran pitcher
Ernestine Butler-Stubbs to

‘ team up with Linda Ford on

the predominantly young
team managed by league
president Bobby “Baylor”
Fernander. :

“Once we continue to play
the way we are playing, we
are going to beat them,”
Johnsor. -aid.

He said: “We are going to
sweep them. We are trying
to win everything. We have
been working haru and
everybody is in high spirits.
So we are ready to go.”

Commissioner Burkett
Dorsett said the playoffs will
be just as exciting as it was in
the final stages of the regular
season.

While the ladies’ playoff
picture is set, there was a
final game last night between
the New Breed and the last
place Mighty Mitts that
would have completed the
men’s playoff match-ups.

One thing is for sure, the
defending champions D’s
Truckers are the pennant
winners. The other is that
their opponents will come

SEE page 12
PAGE 12, WEDNESDAY, SEPTEMBER 17, 2008 | ; TRIBUNE SPORTS

INTERNATIONAL SPORTS



’

*¢,, Russia set to play Argentina

tayo seves | in. Davis Cup semifinal tie

this week RUSSIAN Davis Cup player Igor Andreev serves — — ££ / secwmavia :

during a training session yesterday in Buenos Aires.
. Russia will face Argentina in a Davis Cup semifinal
FROM page 11 riCcaste 1 CL olga koe



from King’s Real Estate
Pros, New Breed or the Roy-
al Bahamas Defense Force
Commodores.

Based on who ends up in
he fourth spot to play the
Truckers, the other two
teams will clash in the sec-
ond versus third showdown.

“All indications are that
the playoffs will be pretty
competitive,” Dorsett said:

. “This is the Defense Force’s
second stint in the league and
they have come.on really
strong. New Breed got off to
a fast start, but they ended
up losing some of their
starters to school and they
have really struggled at the
end.”

Dorsett said Proper Care

also started off really strong, ‘ : : 8 _ ARGENTINEAN Davis Cup tennis player David

but they faded down the Nalbandian returns the ball during a training
stretch as Bommer George session in Buenos Aires...

emerged at the top. As usual, soe
he said the Swingers didn’t : oa
play that well in the regular

season,.but he said they.
expect to turn up the heat in during a training session in
the playoffs. Buenos Aires yesterday...

“The playoffs is a new sea- —- :
son, so I don’t think any of oS
the games will be real easy

.for any of the teams,”
Dorsett said. “The fans
should be in for a real treat
this year.”

Burkett said the league has
also announced that the fol-
lowing persons will make up
the protest committee for the
playoffs:

© Alfred Culmer

e Ted Miller

e Lawrence “Buddy”
Smith

e Godfrey Burnside

e Arthur Johnson

e Anthony “Boots” Weech

Any three mentioned
above can decide the out-
come of a lodged protest.

(AP Photos: Natacha Pisarenko)

Juan Martin Del Potro warms up

Iam UCAS) ets
hehind the news,
MEST

on Montays RUSSIAN Davis Cup player Nikolay Davydenko returns the ball during
a training session in Buenos Aires...

Bahamas Bus & Truck Co, Ltd Spain to face off against



_ Montrose Avenue

Phone:322-1722 + Fax: 326-7452 : the U , in semifinal |

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RAFAEL NADAL, of Spain, gestures during a press conference in
ANDY RODDICK, of the United States, ponders a question during Tuesday’s Madrid yesterday. Spain will play the US in a Davis Cup World Group
press conference... semifinal on outdoor clay in Madrid...


TRIBUNE SPORTS

WEDNESDAY, SEPTEMBER 17, 2008, PAGE 13



INTERNATIONAL SPORTS
PITTSBURGH STEELERS quarterback Ben
Roethlisberger throws in the first half of a game

“against the Houston Texans in Pittsburgh on
Sunday, September 7. The Steelers won 38-

17.

(AP Photo: Keith Srakocic)



Tomlin: Roethlisberger S
shoulder not separated

PITTSBURGH (AP) —
Pittsburgh Steelers coach
Mike Tomlin clarified the sta-
tus of quarterback Ben Roeth-
lisberger’s shoulder: Sprained
but not separated.

_ The injury will likely keep

Roethlisberger from fully par-
ticipating in practice Wednes-
day, but not from playing on
Sunday against Philadelphia.

The Steelers said last week
that their quarterback was
nursing a sore shoulder, but a
TV commentator on Sunday
night termed the injury a
shoulder separation.

During his weekly news
conference Tuesday, Tomlin
appeared agitated by the latter
description.

"I have no idea where that

Bi By GREGG BELL
AP Sports Writer

SEATTLE (AP) — The
Seattle Seahawks took two
steps to sure up their injured-
depleted wide receivers by
trading for Keary Colbert and
reacquiring Koren Robinson
on Tuesday.

Seattle agreed to a one-year
contract with Robinson, its for-
mer No. 1 draft choice. Agent
Alvin Keels confirmed the
agreement and its length in an
e-mail to The Associated
Press.

Robinson worked out for
the Seahawks on Tuesday and
convinced team president Tim
Ruskell he has changed since
Ruskell released him in the
2005 season because of repeat-
ed problems with alcohol.

The Seahawks have lost six
wide receivers to injury this
season. Robinson already is
listed as No. 1 on Seattle's
depth chart at wide receiver
for Sunday's game against St.
Louis, a matchup of winless
teams.

"Just because of the terms

‘ and circumstances I left Seattle
on, I never thought I'd be
back," Robinson said on a
conference call. "I'm grateful
for this chance. I think it can
be a good story — for me and
the team."

The 28-year-old Robinson
said he has been sober for 25
months thanks to a new mar-
riage, two young sons, a baby
girl due next month and reli-
gion.

report came from," Tomlin

said. "It didn't come from me. ..
or my medical staff. If any-

body in here has got any infor-
mation about where that
report came from, send them
to me."

Tomlin said Roethlisberger
sprained his AC joint, an
injury to the ligaments that
attach the collarbone to the
shoulder blade.

Asked if Roethlisberger was
the source of the disputed

_ information, Tomlin said,
."Not to my knowledge."

The issue may be one of
semantics. The American
Academy of Orthopedic Sur-
geons describes a mild shoul-
der separation as a sprain of
the AC ligament. It differs .



IN THIS file photo, Green Bay
Packers wide receiver Koren
Robinson runs during the first half
of a game in Green Bay, Wis.

(AP Photo: Morry Gash)

"I'm definitely proud of
that," he said.

Robinson said the final inci-
dent that caused him to aban-
don his partying ways came in
August 2006. Police said

‘ Robinson, then with the Min-

nesota Vikings, led them on a
car chase at speeds more than
100 mph, and that his blood-
alcohol content was found to
be 0.11 percent, above the
legal limit of 0.08.

Robinson was sentenced to
90 days in jail after pleading
down to a charge of fleeing
police. He also was sentenced
to three months in jail for vio-
lating probation on a separate
drunken-driving case in Kirk-
land, Wash., in 2006.

from more severe shoulder —
_.Separations in which the liga-

ment is torn.

Whatever the injury, Roeth-
lisberger threw for 186 yards
and a touchdown during Pitts-
burgh's 10-6 win over Cleve-
land on Sunday and is expect-
ed to play this Sunday against

_ the Eagles.

"He said it feels better than
it did a week ago, which is
good," Tomlin said.

Roethlisberger was sacked
three times Sunday but per-
haps endured his hardest hit
— from 350-pound Browns
defensive tackle Shaun Rogers
— after releasing the ball.
Roethlisberger appeared to
hold his arm gingerly after
that play.

,

The NFL suspended him for
one year then reinstated him
last October. He caught 21
passes and returned kickoffs
in nine games last season for
Green Bay. If Robinson vio-
lates the league's substance-
abuse policy again, he faces a
lifetime ban.

Last week when the Sea-
hawks had four receivers
injured, coach Mike Holmgren
mentioned Robinson to
Ruskell as a possible replace-

-ment. And quarterback Matt
Hasselbeck, Robinson's quar-
terback from 2001-04 in Seat-
tle, told Ruskell that Robin-
son had turned his life around.
Hasselbeck saw Robinson dur-
ing a weeklong Christian
retreat in Dallas last winter
and was impressed.

"I don't know about the
football side of it at all. I
haven't seen him play in a long
time," Hasselbeck said Mon-
day. "But, I guess what I care
about more is that he grew up
and really matured and got his

_ life turned around in the right

direction. ... I'm proud of him."

"T understand the criticism ...
if this was the Koren of four
yeais ago, that would be war-
ranted," Ruskell said. "And
we could be wrong ... but all of
us believe in second chances."

Logan Payne started Sun-
day's loss to San Francisco but
injured a knee. He is the third
wide receiver to be out for the
season. Backup quarterback
Seneca Wallace pulled his calf
while pressed into receiver
duty and will miss up to a



Tomlin said Roefhlisheiper
can do no further damage to
the shoulder by playing. The

coach was asked. if it was a

worry that his quarterback
was missing so much practice
time. "It really depends on the
quarterback," Tomlin said.
"Some guys require a great
number of snaps to get pre-
pared to play. Some guys can
learn visually, film room and
so forth. Thankfully with Ben
he's a pretty quick study and
sharp guy. ... It doesn't take
him a great number of BEDS to.
be prepared to play... -

Hopefully it won't be an
issue’ this week. I know it
won't be an excuse."

In other injury news, defen-
sive end Brett Keisel has a calf

month. ~~

Colbert's agent, Gary Uber-
stine, said Tuesday in an e-
mail to The AP his client is
also coming to Seattle, from
Denver. Fox Sports.com first
reported the trade.

The deal is believed to be

















strain. He is out for the Eagles
game and likely for at least a
month overall, though Tomlin
said he would be evaluated
"week to week."

Travis Kirschke is expected
to take his place in the starting
lineup, with veteran Orpheus ~
Roye being added to the
active roster Sunday so he can

join the team's six-man rota-

tion on the defensive line.

Also, starting cornerback
Deshea Townsend's heel con-
tusion might force him to miss
his second game in a row.

Linebacker James Farrior
(back) and wide receiver San-
tonio Holmes (knee) are
starters who will be limited in
practice due to injury but will
play in Philadelphia. —

for a fifth-round pick. It will
likely become official on
Wednesday, Ruskell said:
The 26-year-old Colbert has
not caught a pass in two games
with the Broncos after signing
a three-year deal in March. He

became tradable with the

CQXaINASes: CILIUN IC

OPEN TO THE E PUBLIC

Sponsored by: The Gymnastics Federation of the Bahamas
Host Coaches: Ann Kist-Kolasa and Valdi Kolasa of New Jersey



RCAC en Ca)

‘Woods
will not
attend
Ryder

Cup

- LOUISVILLE, Kentucky
(AP) — The closest Tiger
Woods will get to the Ryder
Cup is in front of his televi-
sion.

Despite speculation on var-
ious Web sites that Woods
planned to show up at Val-
halla Golf Club this week, he-
said Tuesday in a monthly
newsletter he has no inten-
tion of coming.

"I plan to watch the Ryder
-Cup this week, but I will not
attend," Woods said. "U.S.
captain Paul Azinger has my
cell phone number and he or
any U.S. player can call me
any time. If I can offer any
assistance, ae happy to

*

* help."

Woods has a 10-13-2
record in his five Ryder Cup
appearances. He had season-
ending knee surgery two
weeks after winning the US.
Open for this 14th major.
Woods' absence means the
United States does not have
a current major champion on
its team for the first time
since the Ryder Cup began
in 1927.

Woods has said he has not
watched much golf since his
surgery, and is not sure how
much help he could be,
although he won the PGA
Championship at Valhalla i in
2000.

"T doubt I can do much, .
since I can't play practice
rounds and am: not privy to
their team chemistry,"
Woods said. "I also don't
know who is playing well,
who is injured, and have no
feel for how the course is
playing. But I'll be happy to
offer my opinion. I wish the
American team well and
hope they can bring back-the
Cup."



Seahawks feacquine Halinedh trade for WR Colbert

emergence of rookie Eddie
Royal and the return of Bran-
don Marshall from suspension.
Colbert was also behind for-
mer Seahawk Darrell Jackson
and veteran Brandon Stokley.

Colbert caught 32 passes in
12 ous for Carolina in 2007.





Dates: September 19-20, 2008

Cost: $25 per session

Location: Nassau ‘Nastics Oakesfield and Seagrapes Gyms

Schedule:

Oaksfield Gym.

may attend.

For more info: 395-5994 or 356-7722







Friday 4-7pm Recreation Gymnastics and coaches at the Oakesfield Gym.
Saturday 9-1lam Recreation gymnasts and coaches at the Seagrapes Gym.
Saturday 12-4pm Team, Preteam and competitive gymnasts at the

Any interested child or adult (PE teacher, school teacher, dance instructor, etc)



PAGE 14, WEDNESDAY, SEPTEMBER 17, 2008

TRIBUNE SPORTS



INTERNATIONAL SPORTS

TE
INBRIEF




FIFA head
Sepp Blatter
visits 2010
stadium

@ By CLARE NULLIS
CAPE TOWN, South Africa

FIFA president Sepp Blatter
says he danced for joy after arriv-
ing in South Africa to check on
preparations for the 2010 World
Cup, according to the Associated
Press.

' Glossing over concerns about
delays, rising costs, rampant crirne
and lack of transportation, Blatter
visited Cape Town's new "jewel"
of a stadium Monday. The project
has been beset by political wran-
gling but now is slightly ahead of
schedule.

He was less flattering about the
national soccer team, which failed
to qualify for the 2006 World
Cup, seems likely to miss the 2010
African Nations Cup and hasn't
won any of its last five matches —
including against lowly Guinea
— since June.

Blatter said South Africa
should have taken advantage of
the four years since it was award-
ed the tournament to build up a
strong team. "In 1996 they were
African Champions ... and where

are they now? It's incredible and _

I cannot understand that," he
said. "Do something; move it."
Blatter said he would raise his
concerns with the South African
Football Association on Tuesday,
when he tours the venue for the
opening and final match at Johan-
nesburg's Soccer City and meets
anti-apartheid icon Nelson Man-
dela, whose lobbying helped bring
“the tournament to South Africa.
Blatter stressed his trip was a
courtesy visit rather than an offi-
cial inspection. He played down
fears that the ongoing turmoil in
South Africa's ruling party, pit-
ting incumbent President Thabo
Mbeki against likely successor
Jacob Zuma, could have reper-
cussions for the World Cup if key
ministers involved in the prepa-
ration are dismissed."
p'pWe are absolutely not cop
_ canted about the intemal poli
problems in South Africa," Blat-
ter said. "We are going to orga-
nize and deliver this World Cup
and it will be a great, great
event."

For Blatter, the success of the
2010 tournament has become a
personal crusade. He hopes. it will
create a legacy benefiting millions
on the continent.

"When I left the plane and
arrived on African soil, I started
dancing," the 72-year-old Swiss
said during a news conference
with Mbeki on Sunday.

’ He may need to muster his
nimblest footwork to avoid the
many obstacles that loom. At the
top of the list is public transit, or
the lack of it. The government





has set aside $1.7 billion to -

improve rail and road links in
venue cities. Organizers hope the
much-vaunted and hugely expen-

sive Gautrain connecting Johan-
nesburg's international airport

with, the city center will be ready

' in time, but there is nothing sim-
ilar planned for either Cape Town
or Durban.

_ In an interview with a local
radio program, FIFA general-sec-
retary Jerome Valcke gave reas-
surances about the government's
ability to rein in violent crime in a
country where more than 50 peo-

ple are killed each day, often for

as little as a cell phone.

"Tam not so much concerned
by security today. I think we are
going the right way," he said,
adding it was impossible to be 100
percent safe even in cities like
Paris and Zurich. He said local
organizers were working closely

with Interpol and foreign police —

and security forces to keep out
hooligans. The government plans
to increase police to 190,000 by
‘se ume of the tournament, and
ve notes that such major events
like the rugby and cricket world
cups were held without serious
incident. Police and the armed
forces have staged high-profile
.~-s© rehearsals to prove they can
~-otect South Africa's skies and
seas from potential attack.

So far, less than half the 55,000
rooms needed for visitors have
been secured. FIFA plans to step
up marketing to persuade hotel
and. guest house owners to sign
up. South Africa has 80,000 grad-
ed rooms — more than enough to
satisfy FIFA, according to gov-
ernment figures. Although there
is plenty of accommodation in
tourist centers like Cape Town
and Durban and the economic
liub of Johannesburg, rooms may
be hard to find in more outlying
areas like Polokwane. Earlier
concerns about the speed of sta-
dium construction have eased.
The stadium in the southern
coastal city of Port Elizabeth will
not be ready for the 2009 Con-
federations Cup but should be
ready for 2010.



CHAMPIONS LEAGUE

Liverpool, Barcelona win |

a

as newcomers stun Europe





AP Photo/Claude Paris



aS

Soe

: right, vies for the ball with Liverpool's LIVERPOOL'S RYAN BABEL, left, is tackled by Marseille's defender Ronald Zubar, result-
' ing in the referee giving a penalty for Liverpool, during their Champions League Group
D soccer match at the Velodrome stadium, in Marseille, southern France.

AP Photo/Claude Paris

ee a ‘ ae ee :

MARSEILLE'S FORWARD Mathieu Valbuena, \
Alvaro Arbeloa, during their Champions League Group D soccer match at the Velodrome
stadium, in Marseille, southern France , Tuesday, Sept. 16, 2008. Liverpool won 2-1.




Se

AP Phate/Mati Gunham

CHELSEA'S FLORENT MALOUDA, center, celebrates scoring against Bordeaux with his
teammates, captain, John Terry, left, and Frank Lampard during their Champions League
Group A soccer match at Stamford Bridge stadium in London, Tuesday Sept.16, 2008.

AP Photo/Matt Dunham



CHELSEA'S FRANK LAMPARD, right, vies for the ball with Bordeaux's Fernando, eff,
during their Champions League Group A soccer match at Stamford Britlge stadium in
London, Tuesday, Sept. 16, 2008. Ae

Chelsea won the match 4-0. 4

AP Photo/Manu Fernandez

FC BARCELONA PLAYERS celebrate Xavi Henandez’s goal against Sporting Lisboa during
their Champions League Group C soccer match in Barcelona, Spain, Tuesday, September

16,2008.

@ By ROB HARRIS
MANCHESTER, Engiand

European heavyweights Liverpool, FC
Barcelona, Chelsea and Inter Milan
opened their Champions League cam-
paigns with victories Tuesday, reports
The Associated Press.

But the most striking results on the
first night of the group stage came from
the competition's newcomers on the
road, with Romanian team CFR Cluj
upsetting AS Roma 2-1 and Anorthosis
Famagusta of Cyprus holding Werder
Bremen 0-0.

Chelsea, which lost May's final on
penalty kicks, crushed Bordeaux 4-0;
five-time champion Liverpool rallied to
win 2-1 at Marseille; 2006 winner
Barcelona overcame Sporting Lisbon 3-
1 and Jose Mourinho's Inter Milan beat
Panathinaikos 2-0.

Atletico Madrid ended its 11-year
absence with a 3-0 win at PSV Einhoven,
while Shakhtar Donetsk won 2-1 despite
FC Basel scoring a late goal.

Fernando Torres was back spear-
heading Liverpool's attack after recov-
ering from injury as Liverpool was given



a tougher test than last year's visit to the
Stade Velodrome when it left with a 4-0
victory.

Marseille went ahead in the 23rd when

Benoit Cheyrou lofted the ball over and |

Lorik Cana sidefooted past goalkeeper
Pepe Reina.

The flares were still being launched
when Steven Gerrard struck within three
minutes with a rasping shot that looped
into the net from 25 yards.

"It was amazing. It was a fantastic
goal, it shows the quality he has," Liver-
pool manager Rafa Benitez said.

Gerrard put Liverpool ahead in the
31st from the penalty spot at the second
attempt after Ronald Zubar had tripped
Ryan Babel. It was Gerrard's 99th career
goal.

"We played well in the first half, but in
the second they pinned us in and put us
under a lot of pressure," Gerrard said.
"They've got small guys who are really
quick and can pass around you."

Atletico hadn't played in the Cham-
pions League this century, but Sergio
Aguero scored twice and Maniche added
another to give the Spaniards a winning
start at PSV.





CLUJ DEFENDER Alvaro Pereira, of Uruguay, left, kicks the ball next to AS Roma Brazil-



AP Photo/Pier Paulo Gites



ian midfielder Taddei during the Champions League first round group A soccer match
between AS Roma and CFR Cluj at Rome's Olympic stadium, Tuesday.

Chelsea began the new European
campaign emphatically, with Frank Lam-
pard scoring and playing provider.

He powered in a header in the 14th on
Jose Bosingwa's cross, before his inviting
cross allowed Joe Cole to nod in at the
near post in the 30th after rising above
Alou Diarra.

Florent Malouda put the Group A
match beyond doubt in the 82nd when
put clear by Lampard's well-timed back-
heel. Anelka added a fourth in injury
time.

"It is important to start with a win
because in this competition you never
know what will happen," Chelsea man-
aer Luiz Felipe Scolari said. "You see
that Cluj beat Roma. That is a warning
for us for the next game. It is important
to win and if you play well that is better."

Cluj stole the headlines by stunning

Roma on two goals from Argentine mid-
fielder Juan Culio.

A 25-year-old journeyman playing his
first Champions League match, Culio
scored in the 27th and 49th minutes after
Christian Panucci had put Roma in front
at Stadio Olimpico, which will host this
season's final on May 27.

Panucci headed in a pass from Daniele
De Rossi in the 17th minute for his 13tb
goal in 99 Europeati matches.

But Juan Culio equalized six minutes
later, splitting two defe:ders with a diag-
onal shot from the edge of the area, and
Juan Culio struck again in the 47th, vol-
leying in a loose-ball from the center of
the area.

Barcelona coach Pep Guardiola will
hope the victory over Sporting has an
impact on his team's domestic form and
its worst start in 35 years.

Defender Rafael Marquez head-d in
Xavi Hernandez's corner in the 21st and
Samuel Eto'o doubled the lead on the
hour from the penalty spot.

Tonel stabbed home a cross in the
72nd to pull a goal back before Xavi
scored in the 87th to secure Guardiola's
first win of the season.

Inter took an early lead in Group B
after Amantino Mancini and Adriano
scored in manager Jose Mourinho's first
European game with the Italian club.

Anorthosis Famagusta, the first Cypri-
ot team to enter the Champicns League,
drawing 0-0 at Werder Bremen.

=~
OSE aaNet he

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Duncan's |

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PAGE 16, WEDNESDAY, SEPTEMBER 17, 2008

6 Dow

Hope Sealy, Sr. Account Mngr,; Sir Durward; dan Knowles,

Regional Mngi:/Public Relations.







4
‘Fi

| 5

RATER RAE



RAAT

rl

STERIC)

‘niches to thank all thace who have contributed i purchasing his b00h,
in by the

THE TRIBUNE

Si {a rs :

In aid of Me favourite Charities

ASSOCIATION FOR THE PHYSICALLY DISABLED ©
& ONE BAHAMAS FOUNDATION

Michael Munnings, Sr. vingr, Scotia Bank Marketing & Public sir Durward; Michelle Rassin, President elect of Rotary
Relations; Sir Durward.



a

wise







Dr. Willard Thompson, Bai Physical al Disabilities Asso SOC.

Tin lacs nana aime ed AROS att eo ne, AA SA ARM

Durward. i

:
Oe ce ee

East Nassau; 6. Thomas Sweeting. Gary Sweeting accepts
funds raised from the re-sale of Sir Durwards book from
Michelle Rassin. Funds sent to Halti to ald a school there.

: Also to be THANKED are:

Mr Cedric Saunders - Insurance Management Co.;

Mr Godfrey Thomas - Nassau Agencies;
Mr Mike Lightbourne - Lightbourne Realty
Betty K. Agencies.

;
A


’ » with the magni-

ye

*





WEDNESDAY,

SECTION B ¢ business@tribunemedia.net




SEPTEMBER

4 ‘ g
y 4
YY Bie te Sir we




17, 2008

City Markets facing
potential $10m loss

@ By NEIL HARTNELL
Tribune Business Editor

ity Markets

could possibly

incur a $10 mil-

lion loss in its

2008 financial

year, its chairman warned
shareholders last night, with
its 78 per cent majority share-
holder having injected a fur-
ther $2.5 million in equity to
boost the grocery chain’s cash
flow and pay down payables.
Basil Sands, Bahamas



* Chairman issues warning based on preliminary, unaudited fiptices:
* Major shareholder pumps $2.5m into publicly owned grocery chain

* Says company’s true condition masked by inaccurate financial ccoriy which :
showed company making v4 7m profit for fiscal 2007 as late as February 2008 a

Supermarkets’ chairman, told
the company’s annual general
meeting (AGM) that accord-
ing to preliminary figures, as
the 2008 audit was still under-

Ministry is ie ‘road
builder of last resort

B@ By NEIL HARTNELL

Tribune Business Editor -

THE Ministry
of Works’
$250,000 annual
budget for paving
unpaid roads. in
private subdivi-
sions is “not
enough to deal

tude of the prob-
lem”, a govern-
ment minister
telling Tribune Business yester-
day that “it was never intended
that the Government be the
road builder of last resort”.

Dr Earl Deveaux, minister of
the environment, who has
responsibility for the Town
Planning Board, said the Min-
istry of Works was often being
asked to step into the breach
left by private subdivision devel-
opers who failed to pave the
roads in their projects, much to
the anger of residents who had

Deveaux

" bgught lots from them.

However, the Ministry of
Works had “limited capacity”
to address this given the annual
$250,000 allocation, meaning
there was “not enough to

Lady Henrietta sells ICD



* Minister says
$250,000 budget
‘not enough to deal
with magnitude of
problem’ caused by
unpaved roads in
private subdivisions

* Major roads
corridor |
connections
another problem

address the magnitude of the
problem that occurs.

“There’s a considerable bud-
get for paving public roads and
new roads, but it was never
intended that the Ministry of
Works would be the road
builder of last resort for private

-roads and private subdivisions.”

The Government will seek to

address such issues in the

SEE page 5B

stake in $41m deal

@ By NEIL HARTNELL
- Tribune Business Editor

LADY Henrietta St George
has sold her 50 per cent stake in
ICD Utilities, the BISX-listed
holding vehicle for a 50 per cent
stake in Grand Bahama Power
Company, to a Canadian elec-
tricity supplier for $41 million, it
was confirmed last night.

The transaction with Emera
Inc priced Lady Henrietta’s
stake-at $8.20 per share, a price
that some might say represents
a generous 47.2 per cent premi-
um to the $5.57 closing price for
ICD Utilities shares in Monday,
September 15, 2008.

Few details about the pur-
chase were forthcoming last
night, although the $41 million
purchase will presumably pro-
vide Lady Henrietta with a



* Canadian power.
provider buyer gets
50% ICD share and.
25% of Grand
Bahama Power .

* Price represents 47%
premium to Monday’s
close; and bid trading
volume/value boost
for BISX .

‘fighting fund’ to finance the
legal battle that continues to
rage between the St George
estate on one side and Sir Jack
Hayward’s family trust and
Roddie Fleming on the other.

By liquidating one of the few
assets previously placed in her
late husband’s name, and now
her own, Lady Henrietta
appears to have removed a
major tactic that was previously
at the Hayward/Fleming cam-
p’s disposal - namely starving
the St George estate of divi-
dends from the Grand Bahama
Port Authority/Port Group Ltd.
Without those dividends, it was
felt the estate would lose its
main means of income and be
forced into a settlement by
being unable to pay legal fees.

Lady Henrietta is understood
to have been seeking to dispose
of her-Grand Bahama Power
stake for some time.

"This opportunity is immedi-
ately accretive to Emera and is
another measured investment
in the Caribbean region follow-

SEE page 5B

way, the 12-store chain that
trades as City Markets was
likely to incur “a significant
loss, possibly in the region of

$10 million”.

Acknowledging

cial performance had “been
very disappointing to say the
least” since the BSL Holdings



Barbados Shipping to have Ebcointe:

that
_ Bahamas Supermarkets’ finan-

buyout group auguived the’ :
majority 78 per cent stake in...
Winn-Dixie in the summer of 9

ae page e



say’ in the running of City Markets |

m@ By NEIL HARTNELL
Business Editor

BARBADOS Shipping &
Trading (BS&T), the Barba-
dian operating partner for
City Markets, will “have an
absolute say” in how the gro-

Neal & Massy siibsldiacy becomes

largest shareholder in City Markets

majority owners, as government.
approves 40% equity conversion

cery chain is run after receiv-.

ing government approval in
July to convert its $10 mil-
lion unsecured loan to a 40
per.cent equity stake in the
company’s major sharehold-
er, Tribune Business was told
yesterday.

Anthony King, BS&T’s
chief executive, said' his com-
pany, which is now the largest
stakeholder in BSL Holdings,
the buyout group that owns
78 per cent of Bahamas

. Supermarkets, said the Bar-

badian company was now’

taking a much more ‘hands
on’ approach to running the

> company’s operations than it
had previously.

Mr King said BS&T and its

new parent, Trinidadian con-
glomerate Neal & Massy, had
shown their commitment to
the Bahamas and ‘City Mar-
kets by injecting $5 million
in equity into BSL Holdings.

BAHAMAS
Nassau: 2747 356
Freeport: 247 3%)

BARBADOS
Hate ace ua

royalfidelity.c

Out of this, some $2:5 mil-
lion had been advanced to
City Markets to alleviate its
cash flow problems and pay

down trade payables, while

another $2.5 million had been

used to meet debt.service.

payments to Royal Bank of
Canada.

Confirming that BS&T had
received Government per-
mission, via the Investments
Board, to convert its previ-
ous unsecured loan into an
equity stake, Mr King told
Tribune Business: “We’re
prepared to put money into
this business, but are not pre-
pared to do it on the level Of
involvement we have had.

“We are only doing this on
the basis that we will have an

absolute say in terms of the.

executive level decisions that
this company is taking and
how it spends its money.”

9801
Hem no)

7A6 AGT ADDO

om

Adding that BS&T would
become involved in “all
aspects” of City Markets’
operations, Mr King told Tri-
bune Business exclusively: “It
is very clear some big money
has. gone west here. It’s an
entirely stem to stern
approach with all aspects of
this company’s business
today.

“Our [previous] scope was
purchasing, advisory and
oversight, and this is very
much being involved in the
workings of the company.

“We see fundamentally
that this business has not lost
its sales lines, not lost its
strategic locations. It has very
good channels of supply, and
we intend to use local suppli-
ers as well as our own chan-
nels. All the fundamentals of

SEE page 3B







ROYAL FIDELITY

Money at Work -

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NASSAU OFFICE
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FREEPORT OFFICE ©
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Barbados
company
purchases.
Destinations

DESTINATIONS Travel, thé
well-known Bahamian travel

‘agency, yesterday announced it had
“been acquired by Barbados-base

Caribbean World Travel Services
for an undisclosed sum.

This means that Destinations!
which employs over ‘70 persons at
offices in Nassau, Grand Bahama,

’ Eleuthera, Exuma, Long Island
_ and Spanish Wells, ‘will now trade
|". under the brand Going Places Trave yh

él. :
There should. be no. major

. changes to Bahamian management

and staff, Caribbean World Travel
Services said yesterday in a state:. .
ment. Neither it nor Destinations

’ representatives, who were said tq:
|. be briefing staff on the takeover,
‘ could be reached for comment:
- before press deadline last night.

Going Places is‘a full- service
travel agency, offering air, hotel;

‘. car, cruise and package vacations;

with offices in eight countries

' around the region including
“Antigua, Barbados, Dominica,

Grenada, St Lucia, St Vincent and

Trinidad.

The combined companies will
employ over 178 peopie in eight
islands and 36 offices.

Going Places travel manager,

‘ ‘Alfredo Weatherhead, said: “We

see this acquisition as part of our
ongoing strategy to continue to
grow our group, both regionally
and extra-regionally. The strength
of the combined entities will allow
Going Places to capitalise on the
economies of scale that will benefit
the larger combined operation
going forward and our customers. :
He added: “We anticipate that
there will be no major changes to
the management and staff of Des-
tinations, as Going Places Travel
values all of our employees, and
our business is our people.”

Mr Weatherhead said they were
fully committed to the travel indus-
try and the Destinations acquisi-
tion will make the company a force
to be reckoned with in the
Caribbean.

. During these difficult econom-
ic times in the travel industry, we
believe that the combjned company
will create excellent opportunities
and make available a greater range
of travel products and services to

“our: Bahamiaii'and regional cus-

tomers,” he added.

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PAGE 2B, WEDNESDAY, SEPTEMBER 17, 2008

for ad rates

RKETS

ey ee XN OE ©



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company with five retail and club outlets in New
Providence, Freeport and Marsh Harbor Abaco is seeking
applications for the position of:

SENIOR TECHNICIAN:

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To manage the company’s Air Conditioning and
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maintenance program, installation of new equipment and
managing the company’s energy saving program.

Requirements

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Familiarity with electronic computer controlled. boards,
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Minimum of 5 years experience
A proven tr ack record of success in the area of A/C
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of incentive based bonuses provided)

Only serious applicants need apply and should send their
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THE TRIBUNE

A tale of two banks

THIS weekend saw the bank-
ruptcy of Lehman Brothers, one
of America’s most venerable
investment banking firms, after
the gradual 90 per cent collapse
of its share price over the last six
months. The continued reassur-
ances of its aggressive, self-con-
fident chairman, Richard Fuld,
that its balance sheet was sour
proved to be illusory. Lehman
was the victim of Fuld’s own
decisions to build a huge port-
folio of mortgage loans, which
once seemed a sure path to
surging profits, but the strategy
began to unravel in 2007 and
culminated in stunning losses
this year.

Lehman once seemed impreg-
nable. In my early days work-
ing as a rank beginner in Wall
Street 40 years ago, my boss
took me to meetings in
Lehman’s august premises in
the heart of the Wall Street
financial district. Lehman was
unique in owning its own build-
ing, an elegant Italianate struc-
ture of 11 storeys, sited on-a
wedge-shaped plot so that its
sharp, turreted end loomed over
William Street. The firm





Ny Ree on

became known by its address
“One William”. The interior dis-
played marble floors, wood-pan-
elled offices for the senior exec-
utives, and boasted the best chef
in Wall Street for the daily busi-
ness lunches.

The firm was created in 1850
as cotton brokers and traders
operating in the southern US
states, but financial success,
energy and ambition inevitably
led to New York, where the
partnership became leaders in
financing many of the nation’s
new corporations, underwriting



BAHAMAS SOCIETY OF ENGINEERS
NOTICE

THE BAHAMAS SOCIETY OF ENGINEERS

CORDIALLY INVITES YOU TO ATTEND |

THE MONTHLY LUNCHEON

ON

THURSDAY, SEPTEMBER 18, 2008

TOPIC:

"TAPPING THE POTENTIAL OF EMPLOYEES IN A
SMALL BUSINESS ENVIRONMENT”

GUEST SPEAKER:

Ms. Yvette Bethel
President —
Organizational Soul
PLACE:

EAST VILLA RESTAURANT
East Bay Street

TIME: 12:00 pm

Donation: $24.00 per person

IF POSSIBLE PLEASE CONFIRM YOUR ATTENDANCE BY E-MAIL



OnselectetiChevy ‘
: trucks, SUVs and cars. ©
- Come to Nassau Motor Company on Shirley Street |
and drive away in a BLOWOUT BARGAIN!

Tel 328-3908

Shirley Street
www.nassaumotor.com



share issues of companies that
are now household names. For '
many years until the 1970s it
was a “family firm” of the
Lehman clan, who became pil-
lars of the German-Jewish aris-
tocracy that dominated social
and financial circles, together
with equally wealthy friends, the
Lewisohns, Loebs, Schiffs, and
Warburgs. Herbert Lehman
became Governor of New York
State, and the firm was led ,by
the dynamic Robert “Bobble”
Lehman, who knew everybody
worth knowing and accumulat-
ed ar art collection that became
a keystone of the Metropolitan
Museum.

My boss also took me to visit
another -Wall Street firm of an
entirely different: stripe, Lazard
Fréres. It was governed in every
last detail by the irascible, toad-
like figure of André Meyer, who
escaped Nazi-occupied France
during World War IJ and soon
proved to be a genius at corpo-

rate finance, particularly advis-
ing on mergers and acquisitions,
the ‘M&A’ business. Meyer ran
a tight ship, and the Lazard
offices were famous as the
scruffiest in Wall Street, with
nothing more than a uniformed
guard and a few worn chairs in
the dimly lit reception room.
Even. the senior partners were
crammed in cubby-hole offices
overwhelmed with files and
loose papers. He worked his col-
leagues unmercifully hard but
made them rich, often at the
expense of their nerves, mar-
riages and health. Not a penny
would be lavished on offices, he
told them. “If you want to show
off, spend your money at
home!”

Inevitably, both firms
changed in recent years,
Lehman more radically. It had’
to be reorganised and was spun
off from American Express in
1994, becoming a publicly trad-
ed company on the New York
Stock Exchange, and soon Fuld,
who had begun his career there,
became chief executive. At

Lazard, after the death of Andre

Meyer, the firm was plagued by

‘succession problems. The con-
summate deal-maker Felix -

Rohatyn didn’t want the CEO
job, and eventually the brash

boy-genius Bruce Wasserstein---

(now stout and grey-haired)
manoeuvered his way into the
slot in 2002. He took the com-
pany public in 2005 with him-
self as the largest shareholder.

Fuld was always restlessly
seeking new avenues for
Lehman’s growth. Building on
the firm’s recognised expertise
in government and corporate
bond trading, he moved into the
business of owning and trading
mortgage-backed securities and
other real estate investments.
Shareholders were happy as the
stock price rose to a high of $75
in 2006, and the firm looked
invincible with a market capi-
talisation of over $200 billion.

* Of course, after bankruptcy, the



shares are virtually worthless,
the market cap less than $1 bil-
lion, and Richard Fuld possibly
looking for a new career.
Lehman recently reported total
assets carried on its books as
$640 billion, but it’s an open
question how much of this rep-
resents illiquid mortgages and
other loans whose true market
value is unknown. The write-
downs announced in the past
have never been enough to stop
the bleeding.

Over at Lazard, the rigid phi-
losophy of André Meyer still
prevailed. The firm’s new offices
in Rockefeller Centre were
nearly as bleak as before. Many
thought the firm backward and
unimaginative for not plunging
into the capital markets, whirl
by taking big underwriting risks
and playing the bond market.
But every Lazard executive fol-'
lowed the party line that the
firm would survive solely on the
M&A business and investment
management — if anyone didn’t
agree, he left the firm. This con-
centration had the great advan-
tage of not requiring much cap-
ital-or holding a portfolio of
volatile assets. Lazard’s market
cap is only around $2 billion —
just about the same as Lehman’s
last Friday, after it had shed
90% of its value. Lazard’s mot-
to has been: “We make profits
using our brains, not money”.
It has stayed in its profitable
niche, and never suffered from
ambition to compete head to
head with the “majors” — Mor-
gan Stanley, Goldman Sachs,
Merrill Lynch, Lehman.

Before Lazard went public in -
2005, sceptics doubted that this
simple formula could make the
firm a success for its investors.
Well, it has been no superstar,
but the initial offering price of
$25 has risen to the present $38,
while Lehman’s roller-coaster
ride has-left its shareholders
with close to zero. Which invest-
ment would you prefer?

It’s-ironic that back in 2004
Lazard was having some diffi-
culties of its own and thought
Lehman, then big and power-
ful, would be interested in dis-
cussing cooperation. The two
chief executives met, but appar-
ently Fuld already loathed
Wassesrstein. As reported in the
fascinating Lazard history, The
Last Tycoons, (William D.
Cohan, 2007), Fuld’s abrasive
response was: “Cut the s--t,
Bruce, you're here to sell your f-
----g firm”. When Wasserstein
quoted an asking price, Fuld
helpfully retorted “I can see why
you’re such a s----y M&A
banker. . . you gotta be out. of
your f-----g mind”.

After that exchange, it will be
no surprise that survivor
Lazards won’t be one to offer a
helping hand to the fallen giant
Lehman.

If there’s any moral to this
story, it’s just that in banking as
elsewhere, size is no substitute
for smarts.

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 the stories
WA RT
aa
MEY
Monilays


THE TRIBUNE

WEDNESDAY, SEPTEMBER 17, 2008, PAGE 3B



i eee ee ne
Seventy one per cent of hotels

forecast loss for this year |

@ By CARA BRENNEN-
BETHEL
Tribune Business
Reporter



BAHAMIAN hotels have
little choice but to try and
weather the current downturn
impacting the industry, Tri-
bune Business was told yester-
day, with some seven of every
10 hotels in this nation pro-
jecting they will make a net
loss for 2008.

A Bahamas Hotel Associa-
tion survey revealed that
based upon a representative
sampling of 21 of the nation’s
hotels, more than seven out of

every 10 hotels, or 71 per cent,
do not expect to make a net
profit in 2008.

Robert Sands, Baha Mar’s
senior vice-president for exter-
nal and government affairs,
said the survey highlighted the
gravity of the situation and that
the outlook for the industry
remains soft and challenging.

“It is fair to say that the
industry remains very con-
scious of what is going on,” he
said. —

Given the massive chal-
lenges that the industry faces,
Mr Sands said it was right now
operating as best it can. “We
can target groups for market-

Ships Captain
needed for
Family Island Operation

Minimum qualifications:

1) 200 GRT class A License
(Port Authority Nassau)

2) Minimum of 5 years experience
while holding 200 GRIT License

3) STCW-95 certification.

Send Resume — with references to
United Shipping Company (Nassau) Ltd
by e-mail to

operations @unitedshinpingnassaul.com

or by post to P. O. Box
N-4005, Nassau, Bahamas.



“TENDER FOR
MOTOR VEHICLES

The National Insurance Board is pleased to offer for sale, by sealed tender only, the vehicles below.
Interested persons may view the vehicles and obtain tender guidelines by contacting the Purchasing,
Stores and Auxiliary Services Department of the National Insurance Board located in the Bead S
Jumbey Village Complex, Baillou Hill Road. For further information, you may contact the Department
at telephone number 502-1781 or 502-1858. Family Island residents may contact the Family Island
Local Office Managers who will be able to assist. .

ing programes and other
things, but really there is only
so much that you can do,” he
added.

While Mr Sands said the
industry needs to focus on
things such as diversification
and development of new mar-
kets, that is not something that
can be done in the short term.

What must be done now, he
said, is to find a way to hunker
down and deliver a good prod-
uct amid rising labour and
energy costs.

Mr Sands said hotels need .

to focus on their internal prod-
uct detail, and ensure their ser-
vices are where they need to
be when tourist demand
returns.

At the moment, Bahamian

- hotels are trying to become

more creative in luring guests
to these shores, given dim
prospects for profit margins.

Sandals has, for example,
launched its Fly Free promo-
tion, where it gives its guests a
$350 airfare credit.

“In addition to the Fly Free
promotion, we have been con-
ducting numerous familiarisa-
tion trips for travel agents
throughout the US and the

ato) olegmsye Lies



UK, which enables them to sell
our resort to potential holiday
makers,” spokesman Stephen
Hector told Tribune Business
yesterday.

“We are also welcoming reg-
ular international press trips
where we give journalists a
sample of the Sandals Resorts
Luxury Included vacation,
helping to raise awareness and
drive interest in their respec-
tive markets across the globe,”

According to the BHA sur-
vey, 57 per cent of participants
rated the 2008 second quar-
ter as weak, 29 per cent.char-
acterised it as moderate and
14 per cent indicated it was
strong.

Further, the survey report-

ed that 71 per cent of hotels
found that total sales (room
revenue and other revenue)
for the second quarter were
down for the second quarter
compared to the same period
last year. Some 21 per cent
reported they were down sig-
nificantly and 34 per cent
reported an increase in sales,
with 7 per cent stating they
were up significantly.

The survey further reported
that- 71 per cent of respon-
dents reported a decline in sec-
ond quarter room occupancies
against projections, with 31 per
cent indicating they were on
target with projections and 7
per cent above projection.

As far as their outlook for
the future, BHA indicated:
“Confidence in the outlook for
2008 has dampened as the year
has progressed. When asked
at mid-year, 43 per cent of
hoteliers indicated they have
a negative outlook for the
remainder of the year.

“When asked in early April,
one-third expressed a nega-
tive outlook for tourism for
2008. Only six percent
expressed a negative outlook
when asked in January.”

Barbados Shipping to have ‘absolute

say’ in the running of City Markets

FROM page 1B

this business, as long as it’s run
with the right controls and sys-
tems, should make money and
be a good investment.”

Mr King said Neal & ‘Massy
was “committed to supporting”
City Markets both financially
and resource wise, the company
being the largest supermarket
operator in the Caribbean with
some 33 stores across the region
excluding the Bahamas.

The BS&T chief executive
said the level of interest being
shown by Neal & Massy in City
Markets was akin to the atten-
tion given to the stores it
already fully owned.

Mr King said that initially
BS&T had wanted to acquire a
controlling interest in Bahamas
Supermarkets, but RoyalFi-
delity Merchant Bank & Trust,
which put the BSL Holdings
group together, pointed out that
under the National Investment
Policy retail businesses were
supposed to be reserved for
Bahamian ownership only.

And when Blackstone, the
investment banking advisers to

All tenders must reach the office of the Financial Controller or the respective amily Island Local Office
Manager no later than 4:00 p.m. on Friday September 26, 2008, in order to be considered.

Year
20003

Make & Model
Nissan X-trail

BIMINI LOCAL OFFICE

Chassis No.
JNIBNT30Z0008079

License No.
116974

KEMP’S BAY (ANDROS) LOCAL OFFICE —

Make & Model
Wrangler Jeep

Make & Model
Wrangler Jeep

Year
2003
2003
2003 ¢
2003
2003

2003
2003

Make & Model
Nissan AD Wagon
Nissan AD Wagon
Nissan AD Wagon

Nissan X-trail
Nissan X-trail
2002 Wrangler Jeep
Wrangler Jeep
Nissan Platina

MAYAGUANA LOCAL OFFICE

NEW PROVIDENCE

Chassis No.
1J4FA29123P346409

Chassis No.
LJAFA29143P360103

Chassis No.
3NIDY0552ZK005150
3NIDY0556ZK005149
3N1DY0558ZK005282
JNITBNT30Z0008721
JNITBNT30Z0008924

LJ4FA49S12P768884
1J4FA29123P360104
3NTJD01D5ZL080106

License No.
117515

License No.
6510

License No.
116977
117712
116979

3592
116978
145960
118668
35023

NORTH ELEUTHERA SUB-OFFICE

Make & Model
Nissan AD Wagon

Chassis No.
3N1IDY0556ZK005264

License No.
116975

SIMMS (LONG ISLAND) LOCAL OFFICE

Make & Model
Nissan X-trail



Chassis No.
JNITBNT30Z.0009814

License No.
1632

Winn-Dixie, warned that they
were likely to discount BSL
Holdings’ bid because of the
foreign ownership element and
likely delay in government
approval (Winn-Dixie wanted
its funds then to escape Chapter
11 bankruptcy protection),

BS&T realised it would have to .

settle for making a $10 million
loan with an option to convert
to equity within three years.
But to ensure that City Mar-
kets benefited from its exper-
tise in the grocery retail busi-

~ ness, Mr King said BS&T want-

ed to have an oversight/man-
agement role when it came to
retail operations and running
the stores, plus purchasing and
IT. It did not want to focus on

the accounting side, which is

where the company’s problems
emerged.

Due to the absence of regular
control procedures, and lack of
timely and accurate financial
reporting, Mr King said “it
seems like shrinkage doubled”

in fiscal 2008, not only from pil-.

ferage but misquoting, mispric-
ing, costing and spoilage.

) flights per week and should

Minimal
TD
American
flight loss

@ By CARA BRENNEN-
BETHEL
Tribune Business
Reporter
























































AMERICAN Airlines
has stopped direct airlift
between Dallas-Fort Worth
and Nassau, a decision that
should have minimal impact
on tourist arrivals, the Min- |
istry of Tourism’s airlift
director said yesterday.

Tyronne Sawyer said he
route accounted for two

only be felt minimally.

‘That is not to say that we
will not miss it, but it is not
as bad, and we do not see
ourselves targeting anoth-
er carrier to necessarily take
over that route,” Mr
Sawyer said.

He pointed out that the
majority of airline passen-
gers travel through Miami
to get to the Bahamas, and
that the airline will proba-
bly reroute the Dallas-Fort
Worth passengers through
some other stop before
Miami.

“A lot of times, what you
see will happen is that you
may lose a particular route
and then another flight ‘or
airline will increase their
‘number of flights or their
seat capacity, which will
compensate for the route
that was lost,” Mr Sawyer
said.

He gave two examples.
' When American Airlines
cancelled their Fort Laud-
erdale/Nassau flights, there
was a decrease, but then a
number of other airlines
absorbed the impact.

Additionally; he said that
when Delta cancelled its
_Orlando/Nassau routes,
Bahamasair added more
flights which compensated
for the loss.





DELTEC BANK & TRUST LIMITED

Invites applications for the position of

Responsibilities will include:

COMPLIANCE MANAGER ©

Maintaining and developing a robust compliance and control regime in Deltec to
ensure compliance with all relevant laws, regulations, guidelines and internal
policies and procedures .
Developing, administering and implementing a stringent compliance program
across Deltec’s business in The Bahamas that identifies all a e regulations,
risks and internal requirements.
Implementing a comprehensive self-testing program that is derived from risk

assessment

Reviewing KYC documentation for all new and existing clients -
Ensuring that Corrective Action Plans are developed, controlled and implemented
effectively; periodically monitoring and reporting on progress in resolving issues
Advising and assisting with the training of staff in regulatory and internal policy
compliance requirements
Reporting to Executive Management and Board of Directors
Ability to work independently and under pressure to meet deadlines

The successful candidate should have the following qualifications:

A thorough knowledge and understanding of all applicable legislation, regulations

and guidelines

Minimum Bachelors degree in banking or accounting

Minimum 3 years relevant experience in a compliance position with an offshore

bank

» Excellent written, oral and presentation skills

Salary will be commensurate with experience.

Interested persons may submit resumes to the Human Resources Manager c/o Fax No.
362-4623 or by email to anh@deltecbank.com.

ABSOLUTELY NO TELEPHONE CALLS WILL BE ACCEPTED


PAGE 4B, WEDNESDAY, SEPTEMBER 17, 2008

THE TRIBUNE





To advertise, call 502-2371

COMMONWEALTH OF THE BAHAMAS
IN THE SUPREME COURT
Probate Side



IN THE ESTATE OF RUFUS ROLLE,

late of the Settlement of Black Point, situate
on Great Guana Cay, Exuma, Bahamas,
Deceased.

NOTICE is hereby given that all persons having any claim
or demand against the above Estate are required to send
the same duly certified in writing to the undersigned on or
beforethe 15th October, 2008 after which date the Executors
will proceed to distribute the assets having reguard only
to the claims of which they shall then have had notice.

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

*

JOSEPH C. LEDEE
Attomey for the Executors
Chambers
Suite No.6, Grosvenor Close
Shirley Street, Nassau, Bahamas



The National Insurance Board

wil



Seminars for E,
for the rém

City Markets
facing potential
S10m loss

FROM page 1B

2006, Mr Sands said the poten-
tial 2008 loss would result from
higher expenses - many one-
time charges - and a “sharp
decline” in gross profit on sales.

“Unless a large positive
change arises in the review of
accounting transactions,” Mr
Sands said, the $10 million pre-
liminary, unverified loss would
be incurred.

A major plank in the recov-
ery efforts will be the support
BSL Holdings, and by exten-
sion City Markets, will now
receive from Trinidad-head-.
quartered Neal & Massy. It has
become the largest shareholder
in BSL Holdings through its
acquisition of Barbados Ship-
ping & Trading (BS&T), the
Barbadian company that invest-
ed in the Winn-Dixie buyout in

ployers,.& Self-Employed Persons
inder.of 2008 as follows:

Sessions will be held from 9:30 a.m. to 1:00 p.m. in the Training Room of

N.IB’s Wulff Road Complex, Wulff Road at Minnie Street’ © s02 cs

190

Refreshments will be served

Seminar Description

For everyone - from the self-employed person who works alone, to the employer of a
few persons, to the person responsible for the payment of contributions on behalf of
an employer of thousands. The Seminar will give an overview of the National
Insurance programme, inclusive of its benefits and assistance programmes, and
explore the scope and impact of the National Insurance Fund on the economy of

the country.

:

Questions and/or concerns about the monthly payment of contributions or other

next

2006.

Tribune Business understands
that an additional $5 million has
been injected into BSL Hold-
ings by its shareholders, some
$2.5 million of that being inject-
ed into the underlying operating
company, Bahamas Supermar-
kets.

Retained

The remaining $2.5 million
has been retained by BSL Hold-
ings to help service the $24 mil-
lion Royal Bank debt it took
on when acquiring the majority
78 per cent stake from Winn-
Dixie.

In his address to shareholders
last night, Mr Sands placed
much of the blame on Bahamas
Supermarkets’ previous man-
agement team. for accounting

woes that not only delayed pub- -

lication of the 2007 audited
financial statements for 15
months after year-end, but also
“masked” the company’s true
financial position.

He added that as recently as
February 2008, Bahamas Super-
markets Board was “assured”
that the financials for the year

to end-June, 2007, would:show a

$4.7 million profit. This ulti-
mately turned out to be an.$8
million-plus swing from the
black into the red, and a
$189,000 loss.

“T should state that for an
extended period of time, the
Board was provided with finan-

‘cial information and reports

that suggested the company was
operating profitably,” Mr Sands
said.

“That information proved to
be inaccurate and grossly mis-
leading, and masked the true
state of the company. It took

‘* many months of persistent -

The Tribune wants to hear

investigation to reach the con-

. clusion that the company’s

financial performance was pre-
carious and inconsistent with
the information that was being
provided.”

He added: “The reasons for
the reversal in profitability are
many, and I shall share several
of these with you, but what we
have determined is that inaccu-
rate financial reporting during
the year, including cash flow
statements, masked the need
for corrective action.

“In the course of the audit
after the June 2007 year-end, it
was revealed that the compa-
ny’s accounting records were
substantially incomplete, and
accounting staff were unable to
readily prepare reconciliations
which were required by our
auditors.

“During 2007, and for much
of 2008, what did occur at City
Markets was a breakdown in
controls and procedures, par-

ticularly in the area of the .

recording of goods received.
“In 2007, our gross margin
eroded by some $5 million due
to shrink and control-related
issues. In the absence of timely

and accurate financial informa- -
tion, this situation was not
‘remedied for 2008.”

Mr Sands said that around 40
City Markets employees had

been dismissed last year, and ©

were currently before the
courts, on suspected cases of
dishonesty.

To remedy the situation, Mr
Sands said Ken Burns had been
replaced as chief executive by
Stephen Boyle, while a new
chief financial officer had been
brought in to replace Bryan

KNOWLES. oo elec nsmossornuslacnes
The focus was then on restor-

ing operational controls and

City Markets’ financial books
and records, with a “crises man-
agement committee” formed to
oversee the company’s opera-
tions. -

Mr Sands conceded that City
Markets was “not out of the
woods”, and that it would “take
at least two years to bring the
company’s performance to sat-
isfactory levels” given the cur-
rent economic climate.

He added that “with hind-
sight”, the Bahamas Supermar-

_ kets Board “could have acted

with greater speed and ques-
tioned management more
aggressively”, in addition to
pushing BS&T for more
resources and greater involve-
ment. |

Injection

Apart from the $2.5 million
equity injection, Mr Sands said ©
the turnaround’s seeds were
being planted through the 2008
financial statements being made
available within eight weeks,
while the 2009 quarterly finan-
cials will be produced within 45
days of the period end.

With product procurement
under control and sales stable,
Mr Sands added that gross mar-

gins were improving and
. expenses being reduced.

He said the 2007 financial
results were also impacted by a
“more than doubling” of insur-
ance and utilities costs, although
switching insurers had aided the
2008 results.

The transition fees paid to
Winn-Dixie, Cable Beach store
investment, re-equipping and
refurbishing of existing stores,
roll-out of IT systems and retail

_. scanners.and extra staff all con-
’ tributed to the higher expenses

incurred in 2007.

INSIGHT

For the stories behind
ate Mt=\ Mme cyeleMaEie/ sd

NOTICE is hereby

on Mondays

NOTICE

given that JACOB PIERRE of








MURPHY TOWN, ABACO, BAHAMAS is applying to the
Minister responsible for Nationality and Citizenship, for
registration/naturalization as a citizen of The Bahamas,
and that any person who knows any reason why
registration/ naturalization should not be granted, should
send a written and signed statement of the facts within
twenty-eight days from the 17TH day of SEPTEMBER
2008 to the Minister responsible for Nationality and
Citizenship, .P.O.Box N- 7147, Nassau, Bahamas.

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.











administrative/ compliance issues, will also be addressed.



Persons interested in attending a Seminar
should reserve a space by calling the
Board’s Public Relations Department
at 356-2070, ext. 236/234/232 -





NOTICE

NOTICE is hereby given that GUERLINE PETION of
ROCKE CRUSHER, P.O. BOX N-3333, NASSAU,
BAHAMAS is applying to the Minister responsible for
Nationality and Citizenship, for registration/naturalization
as a citizen of The Bahamas, and that any person
who knows any reason why registration/ naturalization

SRI BURCH Bix PCERWRSICK BON SUE Be REE






Bis ROYAL FIDELITY &

cr & hk”.



should not be granted, should send a written and signed
statement of the facts within twenty-eight days from
the 17TH day of SEPTEMBER 2008 to the Minister
responsible for Nationality and Citizenship, P.O.Box N-
7147, Nassau, Bahamas.

POR WETS BES
temas, Propecky Posed
Ruwmit of Bathsarnes.
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&

NOTICE

NOTICE is hereby given that NATASHA FATAL of FOX
COURT, FARRINGTON RD., NASSAU, BAHAMAS, is
applying to the Minister responsible for Nationality and
Citizenship, for registration/naturalization as a citizen
of The Bahamas, and that any person who knows any
reason why registration/ naturalization should not be
granted, should send a written and signed statement
of the facts within twenty-eight days from the 10TH day
of SEPTEMBER 2008 to the Minister responsible for.
Nationality and Citizenship, PO.Box N- 7147, Nassau,
Bahamas.

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Sar Henk PHSHEOR Sal

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SENBERAYBS

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al

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NOTICE

NOTICE is hereby given that SHENOY NAKEISHA
WRIGHT of 13605 NE 3RD COURT, APT #307, NORTH
MIAMI, FL. 33161, is applying to the Minister responsible





for Nationality and Citizenship, for registration/
naturalization as a citizen of The Bahamas, and that
any person who knows any reason why registration/
naturalization should not be granted, should send a
written and signed statement of the facts within twenty-
eight days from the 10TH day of SEPTEMBER 2008 to
the Minister responsible for Nationality and Citizenship,
P.O.Box N- 7147, Nassau, Bahamas.

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& ~ DA mere oma DS TAK KHL

i MARIETTE BAA -396-A000 | COLONIAL 242-S02-1S26


THE TRIBUNE



Lady Henrietta sells ICD
stake in $41m deal |

FROM page 1B

ing our initial investment in Lucelec last
year. This utility has significant potential
in a favourable regulatory environment,"
said Chris Huskilson, president and chief
executive of Emera Inc.

"This acquisition positions Emera in the
Caribbean marketplace and we will con-
tinue to seek additional opportunities to
invest in the region."

Tribune Business understands that all
necessary regulatory approvals, including
Investments Board and Exchange Control
approval, have been received by Emera.

Through its investment in ICD Utilities,
Emera will elect three members to the sev-
en-seat Grand Bahama Power Company

Board of Directors.

Its electricity generation and supply
expertise, coupled with its capital and deep
pockets, mean that Emera will likely have
much to bring to the table in enhancing
Grand Bahama Power Company’s opera-
tions, service and balance sheet.

Yet its 50 per cent ICD Utilities stake
will only translate into a 25 per cent Grand
Bahama Power Company stake, leaving

Emera as a minority investor. It will be ©

interesting to see how it works with major-
ity shareholder Marubeni Caribbean Pow-
er Holdings, which owns 55.4 per cent.
Through its two subsidiaries, Nova Sco-
tia Power and Bangor Hydro-Electric Pow-
er, Emera supplies power to some 600,000
customers in Canada. Nova Scotia Power
supplies 97 per cent of that region’s power,

serving 478,000 customers through $3 billion
in assets and 1,700 employees.

Bangor Hydro-Electric Power, mean-
while, serves 116,000 customers in Maine.
Emera also has a 19 per cent stake in LUC-
ELEC, the electricity utility that serves
some 50,000 customers on St Lucia.

The Grand Bahama.Power Company
serves 19,000 customers, and has one gen-
eration facility with 137 MW of installed
oil-fired capacity. The Grand Bahama Port
Authority Limited regulates the utility and
has granted GBPC a licensed, regulated
and exclusive franchise to produce, transmit
and distribute electricity on the Island until
2054. There is a fuel pass through mecha-
nism and flexible tariff adjustment policies
to ensure that costs are recovered and a
reasonable return is earned.

Ministry is the ‘road
builder of last resort’






1, To Elect & Appoint the Officers and Directors of the Society

WEDNESDAY, SEPTEMBER 17, 2008, PAGE 5B

NOTICE

NOTICE is hereby given that JIMMY PIERRE of
COOPERS TOWN CLINIC, P.O. BOX GT-2923, ABACO,

BAHAMAS, is applying to the Minister responsible for |

Nationality and Citizenship, for registration/naturalization
as a citizen of The Bahamas, and that any person
who knows any reason why registration/ naturalization
should not be granted, should send a written and signed
statement of the facts within twenty-eight days from
the 10TH day of SEPTEMBER 2008 to the Minister
responsible for Nationality and Citizenship, P.O.Box N-
7147, Nassau, Bahamas. oxy

Notice of Annual General
Meeting and Agenda

Time & Date: Tuesday, 23rd September 2008

at 7:30p.m.

| PLACE: British Colonial Hilton Hotel

Items of Business:

for the year 2008-2009; |

To advertise, call 502-2371





BAHAMAS HUMANE SOCIETY |




FROM page 1B

planned amendments to the Pri-
vate Roads and Subdivisions
Act. Among the likely changes
are amendments dealing with
the quality of utilities and infra-
structure provided in subdivi-
sions. .

With pressure for the provi-
sion of quality services that

“These, are the kinds of thing
we hope to speak to in the new
Act and regulations. We are try-
ing to learn from experience
and issues that have arisen.”

Another problem experi-
enced with private subdivisions
has been the provision - and
paving - of main road corridors
connecting these developments
to existing infrastructure.

meet buyer expectations ever-
increasing, Dr Deveaux said:

NOTICE

NOTICE is hereby given that BONHOMME AUGUSTE
of STRACHAN’S ALLEY OFF KEMP RD., NASSAU,
BAHAMAS is applying to the Minister responsible for
Nationality and Citizenship, for registration/naturalization
as a citizen of The Bahamas, and that any person
who knows any reason why registration/ naturalization
should not be granted, should send a written and signed
statement of the facts within twenty-eight days from
the 17TH day of SEPTEMBER 2008 to the Minister
responsible for Nationality and Citizenship, P.O.Box N-
7147, Nassau, Bahamas.













While a subdivision develop-
er may have “complied with the



rules that exist”, obtained full
Ministry of Works approval and
put in all the necessary utilities
and infrastructure, Dr Deveaux
said there had been cases where
the provision of corridors link-
ing the development to main
roads had “not been addressed
in the approvals or execution
of the subdivision”.

As an example, the minister

‘pointed to Munnings Drive,

which connected JFK Drive
with Gladstone Road, and was
the main road through which
residents in the approved Emer-
ald Coast subdivision would
access New Providence’s exist-
ing road network.

Munnings Drive, which also
runs along the back of the Des-
tini Lakes and South West
Ridge developments, needs
paving and “that alone will cost
several million dollars”,

The same situation also exist-
ed in western New Providence,
Dr Deveaux said, where “a
number of subdivisions. have

VACANCY FOR THE POSITION OF:
RELATIONSHIP MANAGER,

CORPORATE CREDIT

Core responsibilities:

- Acts as Relationship Manager to high risk clientele by liaising with
clients to determine needs and resolve issues, providing answers

and communication wherever necessary.

Perform maintenance and records management on existing
portfolios and advise Corporate Credit Consultants of any issues.
Perform constant follow up on high risk/impaired accounts and
institutes proper procedures regarding the collection of same.
Assess financial position of high risk/impaired loans. .
Prepare credit proposals by conducting comprehensive financial

and non-financial analysis.

Provide coaching, guidance, and direction to line lenders in the

assessment and structuring of credit facilities.

Knowledge, Skills and Abilities:

° Bachelor’s Degree and five or more years of credit experience.
Strong accounting skills and the ability to provide financial

analyses.
Strong negotiation skills.

Detailed knowledge of credit and collections.

Core knowledge of legal practices and documentation.

Benefits include: Competitive salary commensurate with
experience and qualifications; Group Medical (includes dental
and vision) and life insurance; pension scheme.

Interested persons should apply no later than

September 26", 2008 to:

The Tribune
DA#63405

P.O. Box N3207
Nassau, Bahamas



been put in, but the main corri-

’ dor tying all these subdivisions

in” has not been put in or
paved.

If the approval process failed
to account for the need for road
and access corridors, “many
people will be riding home
through pothole-filled roads”.

“Will it be addressed in the
legislation, planning and
resources? Yes, but we will not
fix it overnight,” Dr Deveaux
said.

“What lessons. we will take
from this are that in approving
subdivisions going forward, or
accommodating subdivisions
going forward, further planning
and details have to be factored
into the sale of lots, the price
of lots or the infrastructure, so
developers are kept abreast of
the state of infrastructure
progress. They can’t lag too far
behind.” . ’






integration.

America.






Citrix)



(242) 502-5428.

. To read and approve the Minutes of the last Annunal |

_ To ratify, confirm and approve the acts, transactions and



General Meeting. . .
To receive and consider the President's Report;
To receive and approve the most recent Annual Report
(complete with Audited Financial Statements) of the Society. }





proceedings of the Directors, Officers, Members and

hsm MRA AEE SIRE RNS RE SS GIO GENS ERTS POLE TEE RS BLS EL LEE IAS NE TER IE ES

.
EFG Bank & Trust (Bahamas) ‘Ltd, disubsidiary of EFG International, .
provides Private Banking and Wealth Management services to clients around
the world. Our client relationship. officers combine their strong relationship-

‘management: skills with the resources that are available at EFG, helping

them provide a full range of quality wealth management services. In order to

strengthen our IT team in Nassau, we are looking for a qualified candidate for
the following position:

IT Systems Engineer

In this challenging position, your responsibilities will include:

Support and management of Windows servers, including domain
controllers, application and Exchange Server 2003. — |
Support Citrix Metaframe and other Enterprise applications.
Ongoing system administration of the Windows Server infrastructure
services including Active Directory, DHCP, DNS, and WINS.

Support and manage Window XP desktops and laptops, including

all user application support.

Create server and network documentation and generate reports

for internal and audit review.

¢ Manage network security systems for LAN/WAN and VoIP

. Troubleshoot network-related performance problems.
Provide technical support to local and remote users in regional
offices including Grand Cayman, Canada and Central/South

“VREVA WAR Healey dis eStec eH ROY Fite UABnted individual with good time
management and project managément skills as well as Good interpersonal and
communications skills. The successful candidate must be a team player, with
the ability to travel and work with local and international team members.

Minimum Requirements

* At least 4-6 years experience in Network/Server Infrastructure with
troubleshooting experience in O/S, network, database technologies and
server hardware in a medium to large scale environment.
B.S. Information Systems, Computer Science or related field
Strong analytical and problem solving skills with the willingness and
capability of multi-tasking effectively.
A background in the financial services industry (Retail and/or Private
Banking) will be a plus.
Advanced knowledge in; ;

* Operating Systems; Windows (2000, Server 2003 and XP) and

LINUX/UNIX.
¢ Network Infrastructure Management (TCP/IP, DHCP, DNS, WINS,

¢ WAN Technologies (Circuits, routers, firewalls)
* LAN (Switches, structured cabling) and PBX
° Cisco Certified Network Associate desirable.
° Proficient in Data Centre management.
Certifications a plus (MCP, CCNA, MCSE, Servert+)

Interested applicants must fax applications to: Human Resources Manager at:





> December 31st, A.D. 2007

& 0 appoint the Society's Auditors and authorize the

Directors to fix their remuneration for.the ensuing year;

7. To approve proposed changes to the Articles of Association |

of the Society; and;

8, Any other business, which may properly come before the

meeting or any adjournment thereof,



s of the Society of the Society for the year ended









































ee YN ORR NO RL EL ARNE

So RS RR NR RTA AM AES BS A PAE ARE PO BAN HS NE A TEE a

AOR RAREST

Tee

reed eet Dag we L
PAGE 6B, THURSDAY, SEPTEMBER 18, 2008




JUDGE PARKER










JUST AS
DIXIE JULEP
IPENTIFIEO



NOT WITHOUT A LOT
MORE DOPE.’

D

WHEW < - IM

GLAD NO ONE’S YQ
HERE. I COULON’/T
DEAL WITH
NAGGING











Cw







A YARD SALE FOR

G20 tS

id Rights reserved

.
at, 8S

© 2008 by King Features Syndicate, inc.

MARVIN

WE'RE KEEPING AUNT CORAS
CANARY WHILE SHE'S ON
Cana A CRUISE

Ce
A
aT
(Ca











www.kingleatures.com

TIGER

SOMETHING IS
STUCK INSIVE
MY TRUMPET







































1 PEEL
TERRIBLE,
DOCTOR /

ry
I MUST SAY
YOU LOOK

Ae



Across
1 Didn’t stand around
to see an animal

2

changing
colour (5) ' 3
8 The good side of a dual
personality (2,6) 4
' 9 Piece of land is on lease

(5)

10 Do they help one to see 5
what one is eating? (3-5) 6

11. Opera socially
acceptable in Lent, for
example (5) 7

12 Material agent (3)

16 Girl Colin goes out East to 12
see (6)

17 Well-known bather’s shout 13
(6)

18 He deals with beastly com- 14
plaints (3)

23 Used for boxing and often 15
hit during fights (5)

24 Very warm fabric — possi- 19
bly stolen? (3,5)

25 Claud reformed with grace 20
(5)

26 Political victim of restrictive
practice? (8)

27 Brilliant combination of the 21
Hebrew and the Spanish
(5) 22

Yesterday’s Cryptic Solution

Across: 1 Withdrawal, 6 Clef, 10
Stall, 11 Destroyer, 12 Belabour, 13
Tryst, 15 Marches, 17 Aerosol, 19 Re-
enter, 21 Seaways, 22 Plumb, 24 Pea-
green, 27 Principal, 28 Idaho, 29
Reed, 30 Crowd scene.

Down: 1 Wasp, 2 To a degree, 3
Delia, 4 Arduous, 5 Austria, 7 Lay by,
8 First flush, 9 Criteria, 14 Emery
paper, 16 Hits back, 18 Space race,
20 Repaper, 21 Shallow, 23 Unite, 25
Rails, 26 Coke.



ALAN ARRIVES AT THE GALLERY AND. »+)"\WHEN I'M HIGH IT’S
EASY TO LIE TO HER.

AIT A SECOND! THIS PICASSO
Rei eeCee WITH A "KS"

Be A
3450 WHAT ow \



IM SURE YOU TWO ARE
GOING TO BECOME GREAT

1 KNOW WHAT



CRYPTIC PUZZLE. .—_,_ |:

Down



WHAT ARE YOU
DOING HERE,
MR. DRIVER?

I DON'T THINK THAT'S
WHY SHE'S HERE,



www.Blondic.com



FRIENDS !

|
Gi 7}

©2008 by North America Syndicate; Inc. World rights reserved. .

Fi leas;

THE TRUTH —



Australia’s largest
territorial

detachment (8)

A translation that creates
antipathy (8)

Badly rhymed, like the -
other side of

8 Across (2,4)

Decimal fraction (5)
Instruments

that produce false notes?
(5)

Hawaiian love may be wel-
come to strangers (5)
Short clergyman appears
to accelerate (3)

The favourite

shows ill-humour (3)
Noble combination of duck
and hare (8)

The work of a high-minded
artist? (8) ,

Feel free if inside the
tower (6)

Nothing among

the new rich

can be got for

a song (5) 7
Condition put into words
(5)

Keep a shop (5)

EASY PUZZLE

Yesterday’s Easy Solution

Across: 1 Bed of roses, 6 Ache, 10
Deter, 11 Appealing, 12 Fireside, 13
Clang, 15 Overrun, 17 Sarcasm, 19
Outrage, 21 Veteran, 22 Amass, 24
Isolated, 27 Interpose, 28 Babel, 29
Nick, 30 Betterment.

Down: 1 Bode, 2 Detriment, 3
Farce, 4 Ovation, 5 Express, 7
China, 8 Engagement, 9 Baccarat,
14 Coronation, 16 Reassure, 18
Agreeable, 20 Episode, 21 Violent,
23 Attic, 25 Amber, 26 Glut.

|
ph
I

r TELL ME Vw






CARES IF HE DION'T KNOW BEANS:
ABOUT SPELLING?





SOME NOTES
You FORGOT FROM
YOUR LAST SONG



Tr

Boles a| ele
Py Ts) Md) |

Across Down
1 Guide (5) 2 Working together
8 Unintentionally (2,6) (2,6)
9 Aplanet (5) 3 During the journey
10 Protesting strongly (2,3,3)
(2,2,4) 4 Shortsightedness (6)
11 Cautious (5) 5 Narrow opening (5)
12 Chatter (3) 6 Trap (5)
16 South American ~ 7 Become aware of (5)
republic (6) 12 Hiatus (3)
17 Choice (6) 13 Lad (3)
18 Give a profit (3) 14 Never (2,2,4)
23 Plant (5) 15 Permanently (3,5)
24 First and foremost 19 Power to attract (6)
(5,3) 20 Italian poet, d.1321
25 Split (5) (5)
26 This way and that 21 European mountain
(2,3,3) ash (5)
27 To rib (5) 22 Intoxicating (5)

INSANE 2!

VE YOu BEEN
AKING YOUR
VITAMINS 2

CALVIN & HOBBES

HAVE YOU BEEN READING THE | . ACID RAI
PAPERS? GROWN-UPS REALLY
HAVE THE WORLD FOULED UP.








SEWAGE

ersal Press Syndicate

“©1988 univ

I’M SIMPLY
PAYING MY
Mi] RESPECTS,
\ petective!














‘B00 OF

"puRG Eos OWy Fae

peer

SA

‘1 JUST BROKE ONE OF YOUR
OR KNACKS. I’M NOT SURE

HOLES IN THE OZONE,
AND ON AND ON!

\
tf
+.



THE TRIBUNE




THE ONIN BRIGHT SIDE TS
AUL THIS (S THAT EVENTUALLY
THERE MIN NOT BE A PIECE
OF THE PLANET NORTH
FIGHTING OVER.

N, TOXIC WASTES,






\N THE OCEANS,

S








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



























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

KNICKS,
WHICH.”

9/15

Difficulty Level *








Best described'as’a number crossword, the task in Kakuro is to
fill all of the empty squares, using numbers 1 to 9, so the sum of
each horizontal block equals the number to its left, and the sum



of each vertical block equals the number on its top. No number
may be used in the same block more than once. The difficulty
level of the Conceptis Kakuro increases from Monday to Sunday.



1S SHE









NM O]O)



|
|













accurate follow-up, farced Kramnik’s
: ; Ke

HOW many wards of
four letters or more can
~ you make from the
letters shown here? In
making a word, each
“letter may be used once
only, Bach must contain
the centre letter and
there must: be at least
one nine-letter word. No
plurals, or verb forms









13 14









‘banter bare barite







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









| NI]

9/15

Vladimir Kraninihk v Wishy Anand,
Amber Monaco 2008, This October
indis’s Anand and Rassias Kramrak,
ranked the lop hwo qrandmasters

in the world, meet int a L2-gaene,
€1.5m series for the supreme crawn. had a different and far stronger
The result fools too dose to call, but idea, One crushing move, and an
Anand gained a psychologizal edge ;

with today’s puzzle, Slack (fo move}

ig already two pawns down and

faced with White's threal of cxb?+,

50 the position seems resignable for
. Agard. The try L..Ghie 2 K1L 8 just
a single check but the sacrifice 1.
Ride is better and should draw after -
2 Sixt Gh2+ 3 MF Gehis. Anand



ending in “s”, no words
with initial capitals and
no words with a hyphen
or apostrophe
permitted. The first
word of a phrase is
permitted (e.g. inkjet in
inkjet printer}.

TODAY'S TARGET

Good 20; very good 30;
excelent 40 (or more}.
Solution Monday.

beater been beer beet
beneath bent berate
beret herth beta bier
bint birth bite biter -
brae brain. bran brat ~
breath breathe brine
habif herb —
HIBERNATE rebate
rehab tribe

YESTERDAY'S SOLUTION
abet bairn bait bane

barn bate bath bathe
bather bean beanie
bear beat beaten



Famous Hand

East dealer. after a forcing one-club opening:



Neither side vulnerable. East South West North
NORTH Pass 1 & Pass 2¢
#01093 294 24 39 4%
VA3 Pass 4NT Pass 5 &
376542 Pass 5Â¥ Pass 64%
_ &K It was a rather poor slam for the
WEST EAST Italians to reach, but Providence was
@J84 o? on their side (in bridge circles in
VK IG ¥1098752 _ those days it was often said that God
4109 @K3 must be an Italian), and Garozzo
&AI942 #8653 scored 980 points for making the
SOUTH slam. ;
@AK765 When the same hand was played
Â¥Q4 by South Africa and Germany, the
@AQ8 South African pair also got to six
#Q 107 spades, and West, who had been
The bidding: silent during the bidding, made the
East South West North — extraordinary opening lead of the
Pass 1 2 & 46 nine of diamonds. (It is customary to

Opening lead —— four of spades.

This deal occurred in the 1972
World Bridge Olympiad and illus-
trates how different minds can run in
different directions at different
tables.

In the Sweden-Italy match, the
Swedish North-South pair got to four
spades on the bidding shown.
Declarer made six for 480 points
when he luckily found East with the
K-x of diamonds and so lost only a
club trick.

When Italy’s Pietro Forquet and
Benito Garozzo held the North-
South cards, they got to six spades

lead the higher card of a suit when
holding a doubleton.)

It is very hard to blame declarer
for reading the opening lead as a sin-
eleton (or doubleton 9-3). He cov-
ered the nine with the jack and won
East’s king with the ace (covering the
nine with the jack was necessary if
East had started with K-10-3).

After playing the A-K-Q of
trump, the South African declarer led
a diamond from dummy and, after
East followed with the three, confi-
dently finessed the eight. Alas, West
produced the ten and cashed the ace
of clubs to put the contract down
one.

Tomorrow: Look before you leap.

2008 King Features Syndicate Inc
THE TRIBUNE

The Tribune




m By LISA LAWLOR

UICK - you're having a 50th

wedding anniversary for your

parents - you have a fabulous

outdoor location, the perfect gift, the

guest list is prepared, you even have a
menu - but who is actually going to
cook the food - after all you've got the
perfect outfit to and as the host you
have to look marvelous.

Well, for all you people who love to host a par-
ty, and host it with style, (thrée) Restaurant Man-
agement Group, the hottest new catering/restau-
fant managment/event planning dynamo, has
arrived.

Ready to take care of everything to do with fine
dining, (thrée), which offers a unique service to
Bahamians, will doubtlessly be the saviour of
every party. They are proving to be extremely suc-
cessful in their business, as the only group offering
the variety of services they have mastered.

From specialized catering, designing and con-
ceptualizing restaurants, their menus and their
ambience, to arranging cooking classes and much
more, chefs Simeon Hall Jr, Keshlah Smith and
Basil Dean Jr are the ones to call.

Chef Simeon, diréctor of product development,
told Tribune Taste the company's name, (thrée),
represents their creativity and talent for designing
exceptional names for restaurants.

e Three corresponds to the number of partners
in the business, as well as the major companies
they manage.

e With a Bahamian twist three becomes "tree"
their symbol and the interconnected sense that the
image of a tree gives — signifying the multiple
branches of benefits and services offered by
(thrée).

"We're putting all learnings and teachings into
play with our new company," Chef Simeon said.
He is such a perfectionist in fact, that he spent 60
days creating the perfect recipe for conch fritters,
over which time he also tested the Bahamian treat
everyday.

Their services, he insisted, are always confiden-
tial, so Tribune Taste.learnt no names of restau-
rants the company has helped out with any of their
essential attributes. (Thrée) can also plan events,
create ice sculptures, assess nutrition and train in
food safety.













}

PERLE ETS a LE ET ATE

New Bahamian catering group

DOES:

The catered private parties they create can
experience "tabled'hote" — up to 22 courses
with the possibility of 10 different combina-:

. tions. The course-full option would have

mostly small portions — with a "continuous
complimentary process in preparing the
palette" explained Chef Simeon.

The catered gatherings are an experience
not to be missed, as he said that the host may
choose between two styles of food prepara-
tion. If the host would like to give guests an
unforgettable experience, the team can bring
all necessities to compose their delicacies on
location — with the added possibility of hav-
ing Chef Basil perform an ice sculpture right



OFFERING A unique
service to Bahamians,
(thrée) Restaurant —
Management Group,
the hottestnew
catering/restaurant
managment/event
planning group
“specializes in catering,
designing and concep-
tualizing restaurants,
their menus and their
ambience, to arranging
cooking classes and
much more.

LEE Eee



WEDNESDAY, SEPTEMBER 17, 2008, PAGE 7B

LL

in front of their eyes. Or, for those interested
in saving time, the food may be brought 90
per cent prepared with only a small amount
of preparation necessary once on location.

At a recent birthday party, (thrée) also
developed a kitchen studio set-up for the
guests in which they had a cook-off similar to
the likes of "Iron Chef" or "Food Challenge"
of the Food Network. Guests competed
against each-other to make the best version
of a certain recipe. And this is just one of
many theme parties the chefs can create.

Tn 2010 the chefs are hoping io open a
restaurant, at which time they are also plan-
ning to release a cookbook composed of the



chefs' journals along with their recipes.

After the surprising, interactive dishes
designed at each gathering - the wonder
experienced and the fond memories created
are held dear to each and every guest. In fact,
Chef Simeon said, the management group is
completely tied up with restaurants seeking
their expertise in restaurant development,
but they do have time for private catering

" events in which they cater to 10 to 100 guests.

° For more information on Theée, call
225.4663, 424.4183 or visit send an email to
threerestaurantgroup@gmail.com

















SMOKED GUAVA
BARBEQUE SAUCE

Ingredients

1 80z can tomato sauce

1 602z can tomato paste

2 tbsp brown sugar

2 tbsp balsamic vinegar

1/4 cup dark molasses

3 cloves garlic crushed

1 Ib guava shells -

1.tbsp Worcestershire sauce
1 tsp dry mustard

1 tsp cayenne

1 tsp liquid smoke

Fresh ground pepper to taste

Method

Combine all the ingredients in a
food processor and add to low
heat and simmer for one hour.



NB: This sauce is exc
game hen, pork and bet

CE

THE country

oe UWI stucents host dinner featuring St Kitts

reveal its cui-

sine first is St

ae” FOR the next eight weeks, students and Nevis, which became an inde- hidden gems that are St Kitts &

dents will step from the University of the West pendent country on this date 25'years Nevis, and also celebrate the coun-

up to the plate Indies (UWI) Hotel Management ago in 1983. try's silver anniversary of indepen-
Programme will be expected to plan The dinner will take place under dence.

and showcase

their interpreta- and execute a restaurant using their the theme, "Discover, taste, love, §£——W\—____
tion of chosen Caribbean country. remember...St Kitts - A Silver Cele- ¢ UPCOMING COUNTRIES BEING
Caribbean Beginning Friday, September 19, bration." FEATURED INCLUDE:
themed cuisine two students will step up to the plate Not as large as many of the Belize - September 26
at the UWI and showcase their interpretation of Caribbean islands, and perhaps not as Bahamas - October 3
House Restau- Caribbean themed cuisine at the popular, St Kitts' nevertheless has a St Vincent & the Grenadines
rant, Thomp- UWI House Restaurant, Thompson history and culture that is second to - October 10
son Blvd Blvd. none. Grenada - October 24
: The first offering will be of special The students assigned to this first Barbados - October 31

Jamaica - November 7
Trinidad & Tobago - November 14

restaurant, Delano Liburd and
Tameika Bake, hope to display these

significance, as the country chosen
to reveal its cuisine first is St Kitts


PAGE 8B, WEDNESDAY, SEPTEMBER 17, 2008

THE TRIBUNE

The Tribune





Mark Humes/Photo

THE 1st Annual Ford Models' Supermodel of the Bahamas competition
and Models242 Male Face search promises to be a high calibre, one of
a kind event, which will see one young lady whisked off to represent
the Bahamas at the Ford Models ‘Supermodel of the World’ competi-
tion in Montenegro, and one young man headed to New York, the fash-
ion capital of the world, as the Male Face of 242. Pictured.above.is, one.
of the contestants Jourdana. see



ready to rock the world

INTERNATIONAL fashion

ty and culture on display at the
1st Annual Ford Models' Super-
model of the Bahamas competi-
tion and Models242 Male Face
search grand finale.
Hosted by Island FM radio
personality Christina “Chrissy
Love” Thompson, the event will
pay special tribute to the leg-
endary Pepper Johnson, an icon-
ic figure in the Bahamian beauty
and fashion inclustry. It also
promises to be a high calibre,

one of a kind event, which will '

see one young lady whisked off
to represent the Bahamas at the
Ford Models ‘Supermodel of the
World' competition in Mon-
tenegro, and one young man
headed to New York, the fashion
capital of the world, as the Male
Face of 222.

“ii a city void of major fashion
events,” Anthony Smith, execu-
tive producer of the show, said
“the Models242 and Ford Mod-
els' event will bring a night of
cutting edge beauty and fashion
to the nation's capital, with the
central spotlight being focused
-on the young and talented who

are working in front of and -

behind the scene to put the
Bahamas on the fashion map, by
taking Bahamians beauty global.

“We want this inaugural event
_ to be a unique and memorable
one,” Mr Smith said. “I do not
want to spoil it by giving too
much away right now, but I can
simply say that, in one of the
most unique and unlikely set-
tings, we will marry the latest
chart topping music and live
musical, performances, from
artists like Sammi Star, with per-
formance art, lixe speak easy
poetry from Naje 2 Dunn, to cre-
ate a fashion expe rience so mem-
orable that people will start lining
up the day after the event is over,
trying to get tickets for next
year's show." © .

Earlier this week, the public
got a chance to see the young
ladies who will be seeking the

one stayed home and missed this F

the tribute to Pepper Johnson.
“We are planning something spe-
cial for that segment. That is all
I can say about that.”

New York based makeup and
hairstylist Emi Kaneko, who has

. worked with Elle Magazine, and

Jen Myles of Six Degrees Maga-
zine and Turner Broadcasting,
will put their expertise to work in
order to have the models looking
“show” ready. ‘

In addition to Kaneko and
Myles, clothing stylists Sarah
Sheridan and George Rivera will
also be in town to assist with
model makeovers in preparation
for the big show.

Judges for the, event will
include Ford Model representa-
tive Juliana Goncalves, Rock and
Rol! photographer Greg Waiter-
mann, and Wayne Sterling, edi-
torial director for Models.com.
SHE Magazine's editor-in-chief
Mae Wayne, who was tapped as
one of this year's surprise judges,
has offered to feature the win-
ner of thé event in an upcoming
editorial spread in the hugely
popular Caribbean fashion mag-
azine. ak
- Tickets for the event, which
go on sale today, can be pur-
chased from Diamonds Interna-
tional on Bay Street, Carlos
Valentino on Bay and Victoria,
Flaunt It on Rosetta Street,
Urban Nation in the Mall at

Marathon, and Coco Nuts” :

Bahama Grill on West Bay
Street. maa

“We want to make this first
event a very intimate one, so
there will be a limited number:
of tickets being printed and
sold,” Mr Smith said. “And since
we announced on Monday when
tickets were going on sale, I have
already had a number of people
call me to reserve tickets for
them. So I hope people don't
wait until the last minute to try
and get tickets. There may not be
any left for the last minute from
all indications.”








Soaring to





the heavens on the

m@ By JEFFARAH GIBSON



EW to the Bahamian airwaves,D ~

Angel aka Johnny Deayne Rude Boy

has. emerged onto the Bahamian enter-
tainment scene with a carefully crafted sound
that combines the rugged elements of rake &
scrape, Junkanoo bh rap, to capture cultural
life in the Bahamas. |

Not just limited to one musical genre, the talented D
Angel creatively draws.out a complex sketch of Bahami-
an life in his three new singles, 'Rude Boy’, ‘Island Step-
pa', and 'Snow Flight’, in an effort to reach the hearts
and minds of his audience, regardless of their location.
“My music embraces Bahamian life and the way we live.
It also has.an international groove to it. Since my moth-
er is also from the States and I spend a little time over

‘ there, it's a mixture of Bahamian music and internation-

al music.”

Despite his previous residency in the United States, D
Angel's music has not been entirely influenced by rap, °
which has emerged as a dominating cultural force both
within the US and globally. He has been able to bring
together three different musical styles to accentuate his
music.

“As an artist T have to be open minded, but to be hon-

WeCPCaliy aa eee aa » be said.

Although rap music is appreciated by many people
worldwide, D Angel holds a different view about pre-
sent day rap music, contrasting it with rap music of yes-
teryear. To him, rap music has changed over the years

_and the intention of current rap artists and: their music,

he believes, is not to make an impact but to make a
‘quick dollar’.

“Rap music is so different from back in the day. One
time ago you could have listened to rap music and have
an appreciation for it since it had meaning, now most
rap music is only talking about money, cars and
women.”

The meaninglessness of rap music has inspired him to

_ write lyrics that have some significance, and that are

without boundaries, and that will inspire people of all .
ages, colour, class or creeds. “The message my music
sends out is the message of pride, national pride, nation-
alism and patriotism. It's more or less geared towards a
person and their cultural identity and helping them to
define who we are. Those are some of the things that I
try to focus on in my music.”

His inspiration also comes from his mother who is a
huge fan of jazz and classical music. |

Quite content with the work he has done with his lat-
est CD, D Angel said that his main aim is getting inter-
national exposure and really making it big in the inter-
national limelight. “We have done so much in the
Bahamas, basically I want to get international exposure
since music is my passion.” :

And it has been his passion since he was a teenager.
Performing in talent shows and participating in many
musical activities, D Angel made his first record when
he was in the 10th grade. 9

Recently, he has also been featured in a number of
concerts in an effort to get his name and his sound out
to the masses. He collaborated with the 'Make Em Lis-
ten' movement, where he was one of the featured
artists, as well as the spokesperson for the concert.

Along with those activities he has performed in a pri-
vate show at the Sandals Royal Bahamian Resort, and
has also taken his act abroad, being featured in several
shows in Florida.

A community activist of sorts, D Angel also spear-
headed an arts and entertainment event in the
Carmichael Road area that featured a number of musi-
cal artists and poets. And in the future he plans to put
together a show where freestyle rap is featured and

‘Bahamian talent is displayed.

D Angel is very positive about his music and also
hopes for the best for other inspiring artists in the

’ Bahamas. Part of his plan going forward is to encourage

Bahamians to look amongst themselves because the
country is overwhelmed with talented musical people.
“What I want to try to show people is that the Bahamas

D ANGEL creatively has many talented people. We need to use our talent

Top Model prize, and next week, | : ;
and stop trying to import other people onto our radios.

they will get a chance to meet ? draws out a com- : :

the guys, Mr Smith said. “We ° To reserve tickets forthe event : plex sketch of We need to play the music made by our Bahamian peo-

will have some of the most amaz- or to get further information, call : Bahamian life in his ple.” ;

ing young people on stage that 380-8723 or send an email request: three new singles, D Angel also used the opportunity to thank those who
had supported him in his efforts to further his music





night. It would be ashame if any- _ to models242bahamas@yahoo.com. : ‘Rude Boy’, ‘Island aif
. . mere 1 ot@Ppa’, and ‘SNOW psf
Flight’, in an effort ~~
: to reach the hearts
@ : and minds of his
@ : audience.

NCity makes a move

WITH three singles currently out on international airwaves, including
"Couldn't Recognize", Believe and Skyy have been busy promoting and per-
forming. Upcoming shows for NCity:

career, including Twin Brothers, Hudson's Place, The
Basement and The Juke Box.








° Interested persons can get a copy of D Angel's CD at Hud-
son's Place, the Basement Clothing Store, and The Juke Box in
the Mall at Marathon.

i





Share your news

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

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















e September 19 - Kinesis Photography Exhibition - Wyndham Nassau es
Resort, Crystal Palace.

¢ September 26 - Lil Wayne and Buju Banton concert (Popping Bottles),
Nassau.



The duo are also using their artist status to do something for charity. : tay
They will play at the COB Basketball & Music Classic alongside fellow artist: © i 4 he %,
and promoter So$aman. i i :
The COB team will face off against the Music All Stars, featuring NCity,
Sammi Star, TaDa, So$a, Padrino, Dion Da Butcha and more local artists %~
& dis The event will take nlace Friday, September 19. a

igs
A
THE TRIBUNE

WEDNESDAY, SEPTEMBER 17, 2008, PAGE 9B



The National Dance
- Theatre Company of
Jamaica returns to Nassau _

DANCE is’an expression of the

soul...it can tell a story of strug--

gles, and triumphs of a people.
The art, when perfected, can
evoke an emotion unlike any oth-
er. An emotion that can some-
times inspire someone to do great
things...Dance is simply a way of
life!

To see the spectacle of a Broad-
way performance on television is
one thing, but to witness an
astounding performance - such as
of the National Dance Theatre
Company (NDTC) of Jamaica
which returns to the beautiful
shores of Nassau after more than
a three decade hiatus - will take

your breath away from beginning

to end.

An internationally acclaimed
dance troupe, Jamaica's NDTC
will star at the Rainforest. The-
atre, Wyndham Nassau Resort
and Crystal Palace Casino during
a two-night performance, Sep-
tember 19 and 20. Bahamians are
in for an experience that is unpar-
alleled to any other, and is one of
mind-boggling extremities.

There will also be a special stu-
dent matinee performance on Fri-
day, September 19 at 1pm for
school children only.

Jamaica's NDTC is known for
the versatility of its dancers,
singers and musicians, and the
company has won praise for its
enormous energy and discipline
and a combination of great phys-
ical strength, delicate grace, and
theatrical presence.

The diversity and wide range
of its repertoire takes audiences
the world over from Caribbean
story-telling and pantomimic play
through ritual evocation to mod-
emesque inventive designs carved
in space. The NDTC has been
described as Caribbean dance-the-
atre with a modern dance impulse.

The special performances are
being held in commemoration of
the University of the West Indies
60th anniversary and is put on by
the UWI Alumni Association in
conjunction with the UWI Alum-
ni Medical Association-Bahamas

Tavares Strachan reaches for —
space - the final artistic frontier

ONE of the brightest stars to
emerge on the Bahamian land-
scape, artist Tavares Strachan
has tapped into the outermost
limits of his creative genius to
undergo a week long training
session at the RSA’s Yuri
Gagarin Training Facility in Star

‘City, Russia to train as a cosmo-

naut.
Readying himself to go where
no other Bahamian - artist or
civilian - has gone, Tavares’
space exploration training, which
took place earlier this month, is

only one step of a long-term |

multi-phased art project the
artist calls "The Orthostatic Tol-
erance".

This project will probe the rela-
tionship between physical explo-
ration, the creative process and
the role of art in pushing physical
and intellectual boundaries.

In preparation for his "to
infinity and beyond" space train-
ing exercise, Tavares underwent

physical and psychological test- .

ing ranging from vestibular con-
trol to preparation for the
extreme forces of gravity in the
centrifuge. These events served
as the initial period of training
for Tavares whose many goals
include a journey into space.
“There is a sense of satisfac-

)

Chapter. d

All UWI campuses, Mona and
Kingston, Jamaica; Cave Hill, Bar-
bados; St Augustine in Trinidad
and Fobago, and the Open Cam-
pus in the Bahamas, are holding
signature events, and the alumni
chapter of the Bahamas has joint-
ly decided to host the NDTC as its
premier signature event.

The NDTC is under the direc-
tion of Professor Rex Nettleford,
vice-chancellor emeritus of UWI,
as well as a UWI Alumni and a
distinguished son of the
Caribbean.

Mrs Missouri Sherman-Peter,
president of University of the

West Indies Alumni Association- ©

the Bahamas Chapter, said the
event is under the distinguished
patronage of Governor General
Arthur D Hanna and Mrs Hanna.

According to Ms Sherman-
Peter, UWI has made a substan-
tial impact on many Bahamians,
including herself, and the event
will help to recognise such a great
institution in the Bahamas.

Over the coursé of 60 years,
UWI has educated Bahamians
from all walks of life, including
members of the judiciary, minis-
ters of Government, parliamen-
tarians, senior public officers, per-

manent secretaries and distin-.

guished members of the medical,

‘educational, légal; business and

engineering professions.

The signature event for the
Bahamas Chapter promises to be
spectacular and it is hoped that
the nation would embrace this
opportunity to see the art of dance
at a world class level.

¢ The Ticket Box offices are Original
patties (Tonique-Darling Highway) 341-
1871, The Juke Box at Mall at Marathon
(393-4891), Doongalik Studios, Mari-
na Village, Atlantis (3631313), The

‘School of Clinical Medicine and

Research of the Bahamas, Marsha
Bain/ Pearl Hollingsworth (356-2589
or 325-2320), Cliffie's Barber Shoppe

' (323-6253) and Floral Art, Collins Ave

and 5th Terrace (325-3581).





tion in watching a climber reach
the top of a mountain or a run-
ner recording the fastest time,"
Tavares said. "I believe that
exploration is at the core of all of
us. We need to: know what’s
behind those hidden doors, we
need to collect those experiences
on the way. I guess I am no dif-
ferent. There is a certain bound-
lessness when I think about
space and the way that the uni-
verse is infinite. I put myself in
situations as an artist where I

am facing the impossible, it is

what drives me."

With the successful comple-
tion of the Star City training pro-
gramme, Tavares'plans to found
a centre for research and devel-
opment in the Bahamas called
BASEC, Bahamas Aerospace
and Sea Exploration Centre.

An internationally known
artist, Tavares received his BFA
from the Rhode Island School
of Design and his MFA from
Yale University. In 2006, he

-received the Alice A Kimball

Fellowship, and in 2007- 08, a
Grand Arts Foundation grant
and residency. Most recently, he
is an 08 recipient of a Tiffany
Foundation Grant and an Art
Matters Fellowship.

Tavares is most recognized for





AN INTERNATIONALLY acclaimed dance troupe, Jamaica's NDTC will
star at the Rainforest Theatre, Wyndham Nassau Resort and Crystal
Palace Casino during a two-night performance, September 19 and
20. Bahamians are.in for an experience that is unparalleled to any
other, and is one of mind-boggling extremities.

“THE ORTHO-
STATIC TOLER-
ANCE" project
will probe the:
relationship
between physical
exploration, the
creative process
and the role of
art in pushing
physical and
‘intellectual
boundaries.




of
x9

Kote

his Arctic ice project where he
expelled a four ton block of ice
from 500 miles under the Arctic
Circle and hauled it to his home
town Nassau for his exhibition.

His work has been exhibited
at galleries and museums in
Europe, the Caribbean, and
throughout America, including
The Wadsworth Atheneum
Museum of Art, Hartford, CT;
Grand Arts, Kansas City, Mo;
The Mattress Factory, Pitts-
burgh, Pa; the House of the
World Cultures, Berlin, Ger-
many and the Safn Museum,
Reychavik, Iceland. He has also
had solo gallery exhibitioiis in
New York, Los Angeles, San
Francisco and Germany.

He currently lives and works
in New York and is represented
by Pierogi Gallery (NY, Leipzig)



Win 1 of 2Shopping > —

Sprees fron Kotex.

The ABC'S of art

FROM page 10

Throughout primary and mid-
dle school, students everywhere
build on their artistry skills, but
one high school art teacher says
Bahamian students are not
being given sufficient instruc-
tion at this level.

Will Pluck, the art instructor
for Prince William High, told
Tribune Arts that students some-
times arrive ill-prepared to begin
their studies for the BJC and
BGCSE exams. "Throughout
middle school," he said, "art is

not taught as its own subject"..

And this is something that caus-
es the students’ lack of under-
standing balance, proportion
and perspective. "They may get
a colouring book, but that is not
stretching their imagination,"

; _ Mr Pluck said.

Appalled by the inadequacy
of students' art appreciation
when they reach high school,
Mr Pluck said that he has’ to
‘teach them simple aspects such
as the colour wheel, noting that
"they have no critical analysis
in their drawing".

In such cases, he said, he can
no longer teach a theory com-
ponent for the BJC because of a
lack of time. Mr Pluck does
however offer theory for those
who are very prepared and

‘studying. at the BGCSE level. —

"It is'a problem because in oth-
er subjects, students do get some
preparation in the primary and
middle schools," he safd,

Through the practice of art,
students can branch-out into a
dynamic range of careers
beyond being an artist or an art
teacher. The many options to
be followed by a student with
strength in art include being a
graphic artist, an architect, a
fashion designer, or an interior
designer. "It is definitely an
area of professional interest
and function, and it is too bad
that it's sometimes de-empha-
sized in the school system," he
said. ~ '

One artist who did not -take
the de-emphasis too seriously
is professional artist Kishan
Munroe, the creator of ."The
Universal Human Experience"
movement.

In his early days, Kishan rem-
inisced over the paint sets he

got as presents, thé beautiful
“ 3 J

7 2 shoppin
Ros ah ne erdal






EW

Kotex..~

SECURITY? TAMPONS:







G

RA WAAOO LAL ADAP OO AES OORRIELLEIELIOOON ADPOOLLLLE OLILTORDD TDAP LLOLEPTRED ay,

' To enter attach 2 wrappers
from any size package of

creativity that exists in his fam- '

ily and their absolute support of
his own artistic talent.
"Through art, you learn to
think and make judgments for
yourself, not just accepting
what anyone says. You have
your own expression and exam-
ination."

Kishan definitely believes
that art should continue to
flourish in schools, saying that
there is now a steady decline
in creativity among Bahamian
youths. "There are not a lot of
people with the love of art -
and without appreciation of
thinking for yourself, more and
more children will fall into the
same patterns as their older

counterparts, being victims to ‘|

peer pressure," he said.

On the other hand, art is all
encompassing: You must pick
up, feel, smell and look at an
object and create your own
understanding of it. Otherwise
you are ignorant to the world,

and Kishan believes that |

"politicians prey on ignorance |

and the lack of self examina-
tion."

He feels that as a profession-
al young artist, his journey
towards his goal was not well

supported in the Bahamas '

amongst friends and family

members who would ask, "But 3
what you gon' do? How you !

gon' eat?" To that argument he

says that everything in life is a ‘|
gamble. You could study busi- °

ness and not get that top bank
job, and similarly there are no
rules in art.

Art brought Kishan to his
journey on the Universal
Human Experience, which
started on August.21, and will
traverse countries all over the
world. So far he's attended Car-
ifesta in Guyana, experienced

the border conflict in Surinam,

and is now in Trinidad. He
hopes to tap into the mentality
of each nation, exploring both

the historical and contempo- °

rary conflicts base? on immi-
gration.

His mission statement’ "to :

inform and educate the global
public, furthering cultural
understanding, tolerance and
the eventual progression of
world peace," is strongly based
in his belief that art can com-

.municate to everyone across

the world.

S

Kotex.

ULTRA THIN with WINGS
OLTRA MINGES avec ATLES

3




) i

Buy any 2 of these products




*y

and the Ronald Felman Gallery
(NY).





Name:

|
|
|
|
|

Address:



e For additional information about
Tavares Strachan and this project
please contact: Pierogi Gallery, 177
North 9th Street, Brooklyn, NY,
71211. Or call phone:
1.718.599.2144. Interested persons
may also check out www.piero-
gi2000.com/flatfile/strachant.htm!

t
|
|
|

Telephone:



~ Fillinthe blanks

K _ t_x protection for
every woman.

® Registered Trademark of Kimberly Clark Worldwide, Inc 2008 KOWW.



x
“Nanogomnognmmentonengent CRRURESRRESE ASS Gian aRaneRE MARSA ORICRRENNE oo ag Sones ne

sie stientoanencauananNa ONAN aan

ae HEN HRN:

gioco he Albena

Kotex to an entny, fill in the
blanks on the skill question,
and drop into the contest
boxes at participating food
stores or The d'Aibenas
Agency in Palmdale.

Contest ends September 19.

De



RRR,

families are not eligible to enter the contest.















Kids put their artistic
skills on display at
The Little School House

=> UWI students
| host dinner heavens on the

featuring St Kitts

See page seven See page eight



soaring to the

@ By LISA LAWLOR

N the early weeks of the new school year, students

of all ages are getting back into their old rhythms -

reconnecting with old friends, getting to know new
classmates, exploring new subjects and adjusting to
new teachers and schedules. One element that remains
constant however, is the importance of art in the devel-
opment of a student's creativity, intellect, and ability to
engage in critical analysis.

At The Little School House, the tinniest tots, between the ages of two
and five, begin their musings in painting and drawing. With themes such
as "art appreciation" every semester, the children learn about differ-
ent types and styles of art.

Calling it a beautiful form of expression, Kara Nottage, principle of
The Little School House, said that even at her student's tender age, art
allows an individual's emotions to come through.

_And beyond the subject's ability to help youngsters unleash their cre-
ative leanings, art also promotes spatial awareness, she said, as well as
supports a better understanding of mathematics.

"For a three year old to be doing a painting of the stars, they are
going to be putting various marks that are representing stars - that
would be something they could use for counting at a later date - per-
haps looking at the painting the next day as a group and talking about
the colours, how the artist felt when they were painting and then
counting the different stars that were painted."

While raw artistic talent is usually drawn out with time, age and expe-
rience, the artistic expressions of even the youngest child can help take
them through rough times, happy times, and even exploratory times.

Students at The Little School House begin their art experience with
a watercolour workshop run by a local artist, Thierry Lamare, once a
week. By the end of the year each student has built up a portfolio that
allows the school to host an art auction, with parents bidding on their
own child's works.

The students are also exposed to other art forms including the
"mini violin programme" with Joanne Connaughton, as well as poet-
ry readings and plays such as The Polar Express, The Snowman, and
The Wizard of Oz. This prepares them for later school years, practic-
ing social skills and maybe even a life career.

Mrs Helen Sweeting, the sports coordinator and teacher for the
four year olds, explained that art is an ongoing activity for this age

group.
SEE page nine

voice of D Angel

V£





7 - Di : eT ee Oe

FROM A paper tube ‘Rocket Ship' to a paper plate painting of the

Earth’, both part of an exhibition titled, Space students at The Little

School House, including Alex Boisclair (left) and Walker Smith,
both four and a half, are exposed to the world of art, from water-
colours, to poetry, to plays, and allowed to give full voice to their
creative leanings.

a



The EPA — Contents & Acronyms



Contents
Message From The Prime Minister 03
Message From The Minister of State For Finance 03
Message From The Chairman of The Trade Commission 03
Background 04
Objectives of The Economic Partnership Agreement (EPA) 05
Structure of The Economic Partnership Agreement 05
EPA Essentials 05
e Trade in Goods 05
° Trade in Services, Investment and E-Commerce 07
e Trade Related Issues 10
EPA Benefits And Opportunities 14
The EPA Challenges and The Road Forward 12
Frequently Asked Questions 12
EPA Summary 15
References, Supplementary And Other Information 16



List Of Abbreviations and Acronyms

ACP African, Caribbean and Pacific
CARIFORUM ~— Caribbean Forum

CRNM Caribbean Regional Negotiating Machinery
CSME Caribbean Single Market and Economy
E-commerce Electronic Commerce

EPA Economic Partnership Agreement

EU European Union

FTAA Free Trade Area of the Americas

GATT General Agreement on Tariff and Trade
ILO International Labour Organization

PUC Public Utilities Commission

MDC More Developed Country

TSA Tourism Satellite Account

WCO World Customs Organization



WTO World Trade Organization
The Bahamas is an open economy with relatively few restrictions on trade.
The economy trades mainly in international services, particularly tourism and
financial services. Our major export earnings come from these two sectors. While exper
of goods are relatively small, they have been significant in areas such as rum, fisheries,
agriculture and polystyrene, to Europe and the USA. Export earnings from our services and
goods export sectors have enabled us to afford the many goods and services we purchase
from abroad to maintain our relatively high standard of living.

The international trading environment has been changing for some time. The World Trade
Organization (WTO), which was established in 1995, is accepted as the arbitrator and
adjudicator of rules governing international trade. The preferential trading relationship that
many former colonies had with Europe discriminated against other members of the WTO
that were also developing countries. Europe was given until December 2007 to negotiate a

Message from the Minister of State for
Finance, The Hon. Zhivargo S. Laing

International trade has had a significant role in our economic growth and
development and has contributed significantly to the economic prosperity and
standard of living that we enjoy today. The Economic Partnership Agreement (EPA) iia
brought the discussion on trade policy into the public domain. I am encouraged by the debate
because through this dialogue by a wide range of stakeholders we are building a consensus
that truly reflects the aspirations of Bahamian people.

of the

elaney

Message from the Chairman
Trade Commission, Mr. John D

The Trade Commission was appointed by the Government and charged with the
function of liaising between the Government and the private sector on trade
matters and advising the Government from a private sector perspective. There are nearly
twenty members of the Trade Commission representing a cross-section of the Bahamian
economy. I have the privilege of chairing that diverse and knowledgeable group of
Bahamians.

Since December 2007, the work of the Trade Commission, has been focused on those aspects

of our economy relating to services and investments that would be impacted by the
Economic Partnership Agreement (EPA). As to be expected, initial reception to the subject

COO EDL DEC OE







replacement Agreement. The replacement Agreement called the Economic
= Partnership Agreement (EPA), establishes a free trade area between the
irepeatt Union (EU) and the states of the Caribbean Forum (CARIFORUM). Importantly,
this free trade area preserves the existing duty free market access that exports from The
Bahamas and CARIFORUM will have to the EU and it provides the framework for
reciprocal trade in specific areas related to services and investments.

The free trade area established by the Economic Partnership Agreement (EPA) represents
opportunities for the private sector. Moreover, the public sector reforms envisioned will
encourage more transparency and predictability in the trading environment. I therefore invite
all Bahamians to use this supplement to understand the EPA and its implications for our
nation and region.

Much about the EPA has been circulated in recent months by various means
§ including television, radio and print media. The purpose of this supplement is
to help i improve the understanding in our community about the EPA. I would encourage all
citizens to read this document as it provides important information about the EPA and its
implications for The Bahamas. Please feel free to provide feedback on the information by
sending your comments to fradecommission(@pahamas.gov.bs

of the EPA was cautious, but also very engaging. Over the weeks and months
of consultations there has been considerable improvement in understanding
the benching of securing market access for The Bahamas (including other related trade
benefits). Stakeholders also recognize that there is still much work needed, in both the public
and private sectors, to establish the appropriate legal and regulatory infrastructure to become
more competitive. Notwithstanding the consultations with tourism, several financial services
groups, construction, professional associations and others, the Trade Commission
acknowledges a continuing need for information sessions with various groups and the
Bahamian public at large on the issues of globalization and the changing international
trading environment.
wy

The EPA — Background

| Background

Since the mid 1940s the world has been moving toward “trade liberalization”. It began with
the signing of the General Agreement on Tariffs and Trade (GATT) and continued with the
establishment of the World Trade Organization (WTO). The WTO is the only global
international organization dealing with the rules of trade between nations. It has 152 member
countries, accounting for 97% of world trade, and around 30 other countries, including The
Bahamas, are negotiating membership into the WTO.

As trade liberalization efforts continued, led in large measure by the major economies
through the WTO, invitations to developing countries like The Bahamas, to formally
participate in trade agreements have been mounting. Such invitations go back to the late
1980s/1990s with the formation of the WTO, the proposed FTAA (Free Trade Area of the
Americas) and CSME (Caribbean Single Market Economy).

The Bahamas has had a trading relationship with Europe for more than 25 years through its
involvement in the Association of African, Caribbean and Pacific (ACP) countries that was
established in 1975.

The European Community agreed to provide Aid and Trade opportunities to the ACP
countries through the Lome Convention. There were four Lome Conventions that provided
the ACP countries with duty-free access on agriculture and minerals and quota-free access
on sugar and beef. This Agreement evolved over the period 1975 to 1999 and was eventually
replaced by a new Agreement in 2000 called the Cotonou Agreement. These agreements
between the ACP and Europe provided one-way benefits to the ACP countries by allowing
them preferential access to Europe’s market. The agreements were challenged by the United
States on the basis that they violated the Most Favored Nations treatment rule of the WTO.
The Dispute Settlement Body of the WTO agreed. Eventually, the European Union (EU)
applied to the WTO for a waiver that was granted until December 31st, 2007, pending the
conclusion of new.arrangements. It was this set of circumstances that resulted in the EU and
the ACP having to negotiate new rules of trade called Economic Partnership
Agreements. The main point of the new agreements would be “reciprocity” or two-way flow
of benefits.

The EU was unwilling to maintain a 30-year old WTO-incompatible trade arrangement that
is subject to challenge from its major global trading partners (US, Canada, etc.). The
Bahamas and the other ACP countries had to decide whether to continue their trading
relationship with the EU, but on new terms. All agreed to negotiate a new Agreement called
the Economic Partnership Agreement (EPA). Negotiations on the EPA began in September
2002.





The Economic Partnership Agreement is a trade Agreement that involves the European
Community on the one hand represented by:



....and the Caribbean Forum (CARIFORUM), represented by:



Map of ACP Member Countries



EPAs are agreements designed to foster the smooth and gradual integration of the African
Caribbean Pacific (ACP) countries into the world economy, thereby promoting their
sustainable development and contributing to poverty eradication in those countries. The
EPA represents the new global reality in international trade, enabling countries to negotiate
agreements that reflect their economic, social and environmental trading interests.

A great deal of flexibility exists with the EPA insofar as it allows countries to adapt to the
new trading environment based on their capacity and development stage.

Aid, be, OO’
The EPA — Objectives,

Structure & Essentials —



_ Objectives of the EPA

The central objectives are poverty reduction and ultimately its eradication; sustainable
development; and progressive integration of the ACP countries into the world economy. The
EPAs also present the ACP countries with new opportunities to:

* Realize regional integration, economic cooperation and good governance through an
effective, predictable and transparent regulatory framework for trade and investment;

* Facilitate the gradual integration of the CARIFORUM States into the world economy
in conformity with their political choices and development priorities;

* Improve the CARIFORUM States’ capacity in trade policy and trade related issues;

* Support the conditions for increasing investment and private sector initiative and
enhancing supply capacity, competitiveness and economic growth in the
CARIFORUM region;

* Strengthen the existing relations between the EU and CARIFORUM countries on the
basis of solidarity and mutual interest;

+ Support a new trading dynamic between the EU and CARIFORUM through the
progressive, asymmetrical liberalisation of trade between them, and

* Reinforce, broaden and deepen cooperation in all areas relevant to trade and
investment.







Structure of
The Economic Partnership Agreement

The text of the EPA is structured as follows:

Part I. Trade Partnership For Sustainable Development
Part II. Trade and Trade Related Matters
Title I. Trade In Goods
Chapter 1. Customs Duties
Chapter 2. Trade Defence Instruments
Chapter 3. Non-Tariff Measures
Chapter 4. Customs and Trade Facilitation
Chapter 5. Agriculture and Fisheries
Chapter 6. Technical Barriers to Trade
Chapter 7. Sanitary and Phytosanitary Measures
Title II. Investment, Trade in Services and E-Commerce
Title I]. | Current Payments and Capital Movements
Title IV. Trade Related Issues
Chapter 1. Competition
Chapter 2. Innovation and Intellectual Property
Chapter 3. Public Procurement
Chapter 4. Environment
Chapter 5. Social Aspects
Chapter 6. Protection of Personal Data
Part II. Dispute Avoidance and Settlement
Part IV. General Exceptions
Part V. Institutional Provisions
Part VI. General and Final Provisions
Protocol I. | Concerning The Definition Of The Concept Of “Originating Products”
and Methods of Administrative Cooperation
Protocol II. | Mutual Administrative Assistance In Customs Matters

Protocol I. Cultural Cooperation

The full text of the EPA is available at the Bahamas Trade Conunission web page available
through The Bahamas Government website at: www.bahamas.gov.bs

_ EPA Essentials

The EPA concerns three key areas of trade:



1. Goods
2. Services, Investment & E-Commerce
3. Trade Related Issues

Trade in Goods

The EPA calls for the lowering and eventual elimination of duty on EU and CARIFORUM
imports into The Bahamas. The Goods Schedule outlines the rate at which duty will be
reduced on EU or CARIFORUM goods over the next 25 years. The process of reducing the
duty or tariff on imported goods is known as “tariff liberalization”.

The complete CARIFORUM Schedule of Tariff Liberalization is available at the Bahamas
Trade Commission web page available through The Bahamas Government website at:

www.bahamas.gov.bs
With the exception of goods in the chapter on arms and ammunition, each good has been
placed in one of seven baskets:

1. The excluded basket — goods not subject to tariff reductions.
Examples: fresh or chilled carcasses and half-carcasses of swine, tomato
ketchup and other tomato sauces, ordinary natural water, paints and
varnishes, basketwork, mattresses fitted with springs or stuffed.

2. The 0 basket - zero duty.
Examples: vegetable seeds for sowing, natural gas (liquefied), propane
(liquefied), vaccines for human medicine, vaccines for veterinary
medicine, glasses for corrective spectacles, music printed or in
manuscript.

3. The 5 year basket — tariff on goods would be reduced progressively over 5 years
from their current tariff to 0 duty.
Examples: roses, chlorine, photographic plates and film in the flat,
sensitive, unexposed, for x-ray, pneumatic tyres used on agricultural or
forestry vehicles and machines, raw silk ‘non-thrown’, wool, sheets of glass,
copper mattes, copper, refined, in the form of wire-bars.

4. The 10 year basket - tariff on goods would be reduced progressively over 10 years
from their current tariff to 0 duty.
Examples: paraffin wax, human hair, dried onions, vanilla, cereals, cereal
flours, apricots, and peaches.



5. The 15 year basket - tariff on goods would be reduced progressively over 15 years
from their current tariff to 0 duty.
Examples: garlic, dried apricots, shrimps, printing ink, shaving
preparations, instant print film in rolls, cocoa powder, dog or cat food,
fresh coconuts, plastic tableware and kitchenware.

6. The 20 year basket - tariff on goods would be reduced progressively over 20 years
from their current tariff to 0 duty.
Examples: fresh or chilled mushrooms, prepared or preserved salmon,
printed books, foot wear with outer soles and uppers of rubber plastic
sports footwear, silver jewelry, artificial teeth, wrist-watches, clocks with
watch movements, alarm clocks.

7. The 25 year basket - tariff on goods would be reduced progressively over 25 years
from their current tariff to 0 duty.
Examples: fresh cut flowers and flower buds, potatoes, rice flour, coconut
oil, unglazed ceramic tiles, household refrigerators, electric ovens,
cookers, fresh grapes, fresh strawberries, olives.

Today 40% of imports from the EU enter The Bahamas duty free. Under the EPA this will
continue to be the case. Additionally, 14% of EU goods coming from the EU will be included
in the “excluded” basket, meaning that they will not have their duties reduced because of
the EPA. This means that liberalization under the EPA will only affect 46% of goods from
the EU and will be liberalized over 25 years.

“Obvious and initial concern came from members that faced

immediate consequence if The Bahamas Government decided —
not to sign the new Agreement. These would be exporters of
fisheries products, manufactured items, rum and chemical —
manufacturers. The expiration of the waiver from the World —
Trade Organization which allowed one way, non reciprocal _
trade in December 2007, without a replacement trade —

Agreement, essentially meant an end of the duty free and
quota free access that these industries had enjoyed for a
generation.”
Philip Simon -
Executive Director of the
Bahamas Chamber of Commerce



Agriculture and Fisheries

The EPA recognizes the importance of agriculture and fisheries in food security, rural
development and poverty eradication and the attention that small-scale operations would
need. As a result, many of the sensitive agriculture and fisheries products have been included
in the ‘Excluded’ Basket. The Agreement also recognizes the need for sustainable fisheries
through conservation and management plans, and therefore has based fisheries management
on the Code of Conduct for Responsible Fisheries established by the Food and Agriculture
Organization. For the Agriculture, Fisheries and Manufacturing sectors, one of the important
benefits of the EPA is that The Bahamas can continue to export these products into the EU
without duty.




As a result of the EPA, countries have agreed to cooperate in the area of agriculture
and fisheries to:

(a) Improve the competitiveness of potentially viable production,
including downstream processing, through innovation, training,
promotion of linkages in traditional and non-traditional export
sectors;

(b) Develop export market capabilities including market research and
the identification of options to improve marketing infrastructure
and transportation and the identification of financing and
cooperation options for producers and traders;

(c) Comply with and adopt quality standards relating to food
production and marketing, including standards relating to
environmentally and socially sound agricultural practices and
organic and non-genetically modified foods;

(d) Promote private investment and public-private partnerships in
potentially viable production;

(e) Improve the ability of CARIFORUM companies to comply with
regional and international technical, health and quality standards
for fish and fish products;

(f) Build or strengthen the scientific, technical, human and
institutional capacity at the regional level to support the sustainable
trade in fisheries products including aquaculture.

There are five non-service sectors included in the Investment Schedule.
Countries are required to indicate the limitations or reservations on
investment in the sectors. The non-service sectors in the Investment
Schedule are:

Agriculture, hunting and forestry;

Fishing;

Mining and quarrying;

Manufacturing;

Production, transmission and distribution on own account
of electricity, gas, steam and hot water.



Manufacturing

The manufacturing sector is included in the Investment Schedule to the Agreement. Most
CARIFORUM states have reserved the right to introduce measures on investment in the
manufacturing sector. Many of the locally manufactured products have been protected
by way of their inclusion in the ‘Excluded’ Basket and therefore are not subject to
liberalization.

Customs Administration
The EPA includes measures to improve, increase and regulate trade between the EU and
ACP countries.

The EPA includes measures to improve, increase and regulate trade between the EU and
ACP countries. Developed and developing countries adopt international standards to ensure
that there are clear, predictable and transparent rules in international trade. These rules also
apply to the treatment of goods that are exported, imported or in transit. The amount of time
goods spend at the border can contribute significantly to the final cost of the goods. In
international trade, measures taken by a country to improve the treatment of goods at the
border is called, ‘trade facilitation’. There are obligations in the EPA that will require the
Customs Department to meet international standards with respect to the treatment of goods
at the border. The World Customs organization was instrumental in developing these
standards, which are used by many countries in the world.

With regard to trade facilitation matters, the EPA’s objectives are to:

(a) Facilitate traders who have a high level of compliance;

(b) Ensure that requirements for persons involved in trade are
reasonable, non-discriminatory, and safeguard against fraud;

(c) Provide verification in the form of a single document for import
and export or its electronic equivalent;

(d) Introduce modern customs techniques such as risk assessment,
simplified procedures at import and export procedures, post release
control and objective procedures for authorized traders;

(e) Introduce a system of binding rules on customs matters such as
tariff classification and rules. of origin;

(f) | Develop a system that will facilitate the exchange of data among
traders, customs administrations and related agencies.



Trade in Services, Investment and E-Commerce

The services sector is the fastest growing area of the global economy and involves the sale
and delivery of intangible goods (hospitality, transportation, accounting, etc.) between
producers/providers and consumers.

In this regard, the EPA includes a Services Schedule covering a total of 155 service sectors,
for which The Bahamas - a More Developed Country (MDC), must offer no less than 75%
or 116 service sectors, which it has done. Unlike the Goods Schedule that is based on tariff
liberalization, the Services Schedule is based on offers depending on the mode by which the
service will be delivered. There-are four such modes recognized by the EPA (shown in the
box below) with no obligation for service to be delivered in all the modes. Recognizing that
the countries in CARIFORUM have different development priorities, there is some
flexibility to ensure that the Service Schedule supports the economic strategy of individual
countries.
Mode 1: Crossborder
This mode of service is supplied without either the service bone: or “the

_ recipient moving. Examples are services provided over the Internet, the
delphi or by mail.

Mode 2: Consumption abroad |

This mode of service means that the consumer leaves the country to
consume the service abroad. For example, tourism or overseas medical
care.

Mode 3: Commercial presence

This mode of service involves the establishment of a physical presence by
a foreign company in a country through a branch, subsidiary or other to
provide a service. Example when a bank subsidiary is set up.

Mode 4: Temporary Entry of Workers for Business
Purposes

This mode of service involves the movement of persons on a short-term

basis to provide a service, such as a consultancy and involves key

personnel, graduate trainees, etc.

The 155 sectors included in the Services Schedule fall into broad categories that include:
financial services; computer and related services; research and development,
telecommunications; environmental services; tourism and travel related services;
recreational, cultural and sporting services; transport services; and other business services.
For each service sector, countries determine how a foreign supplier will be allowed to supply
the service into their domestic market.

There are some sectors such as national and international air transport services, aircraft
repair and maintenance, ground handling services, rental of aircraft with crew and airport
management that have been exempted from the EPA by all countries. There are also some
sectors that countries may choose to exclude from the Services Schedule. The Bahamas has
chosen to exempt telecommunications and real estate.



THE BAHAMAS’ SERVICES SCHEDULE IS MOSTLY A REFLECTION OF ITS
CURRENT NATIONAL INVESTMENT POLICY. THIS MEANS THAT ALL AREAS
RESERVED IN THE INVESTMENT POLICY ARE TREATED AS AREAS THAT ARE
RESERVED UNDER THE EPA AND THOSE AREAS THAT ARE OPEN TO FOREIGN
INVESTMENT REMAIN OPEN TO FOREIGN INVESTMENT UNDER THE EPA.
THEREFORE, AREAS SUCH AS WHOLESALE & RETAIL TRADE, INTER-ISLAND
TRANSPORT, REAL ESTATE AGENCIES, CONSTRUCTION (EXCEPT SPECIALIZED
CONSTRUCTION), IMPORT/EXPORT BUSINESSES, GROUND TRANSPORTATION,
ETC. ARE CLOSED TO FOREIGN PARTICIPATION.

1, Financial Services.

There are three major areas in financial services included in the EPA: insurance,
banking, and securities. Public entities such as governments, central banks and
monetary authorities are not included in the definition of financial services. Also
excluded are public retirement plans and other statutory forms of social security such
as National Insurance.

The EPA addresses a number of important issues with respect to financial services.
Firstly, as it relates to regulation, the Agreement is clear that countries “may adopt or
maintain measures for prudential reasons that include the protection of investors,
depositors or policy holders or measures that will ensure the integrity and stability of
their financial systems”.

Secondly, with respect to sharing of information, there is “no obligation to disclose
information on the affairs and accounts of consumers or any confidential information
in the possession of public entities.”

Thirdly, the framework for electronic transfer of data and information by financial
services suppliers into and out of The Bahamas should ensure that there are mechanisms
to protect the privacy of individuals.

Finally, the EPA recognizes that there may be new financial services that may be
developed in the course of implementing the EPA that are not addressed by the current
provisions. Where there is a request to provide a new financial service, governments are
obliged to ensure that the decision is made in a reasonable timeframe and only denied
for prudential reasons.

2. Tourism and Related Services

The Agreement encourages compliance with environmental and quality standards
applicable to tourism services in a reasonable and objective manner, without creating
unnecessary barriers to trade. In this regard, the Agreement also facilitates our
participation through international organizations in setting environmental and quality
standards applicable to tourism services.

Moreover, the EPA encourages cooperation in the development of the tourism sector by
facilitating support in the following areas:

The upgrading of national accounting systems with a view to
facilitating the introduction of Tourism Satellite Accounts (TSA) at the
regional and local level;

Capacity building for environmental management in tourism areas at
the regional and local level;

The development of Internet marketing strategies for small and
medium-sized tourism enterprises in the tourism services sector of
CARIFORUM countries;

Establishing mechanisms to ensure the effective participation in
international standard setting bodies focused on sustainable tourism
standards development; programmes to achieve and ensure equivalency
between national/regional and international standards for sustainable
tourism; programmes aimed at increasing the level of compliance with
sustainable tourism standards by regional tourism services suppliers;

* Tourism exchange programmes and training, including language
training, for tourism services providers.

“Last February the Bahamas Hotel Association commenced
a series of consultative meetings with the MOF and our hotel
and allied members. This process involved the engagement
of representatives from the hotel, marina, tour operator,
publication, retail, wholesale, ground transportation,
attractions, excursions, and restaurant sectors. Each
provided meaningful input. We understand that the hotel
sector will remain liberalized, as it is, and that the tourism
sectors will be largely reserved for Bahamians. Should the
Agreement follow these lines, tourism will continue to benefit.
It should be emphasized that the hotel sector has always been
open to foreign investment - providing it meets and adheres
to government investment policies. This aspect of our
liberalization has been essential to the Bahamas economic
success, and in many ways the creation of thousands of
Bahamian-owned businesses and generation of the majority
of our nation’s employment and tax revenue.”

Frank Comito -
Executive Director Bahamas Hotel Association



3. Transport Services

The EPA covers air, maritime and road transportation in the Services Schedule. It
excludes national and international air transport services, whether scheduled or
nonscheduled, aircraft repair and maintenance, ground handling services, rental of
aircraft with crew and airport management and services directly related to the exercise
of traffic rights. It also excludes inter-island freight transportation, or cabotage.
Passenger transportation services such as taxis, tour operators and jitneys will continue
to be reserved for Bahamians. With respect to international maritime services, The
Bahamas has agreed to provide EC and CARIFORUM ships access to the ports and
services at port-like facilities for loading and unloading.





4. Cultural Services

The EPA includes a Cultural Protocol that contains specific provisions in four areas:
audio-visual and cinematography, performing arts, publications and the protection of
historic sites and monuments. The Protocol encourages the negotiation of
co-production agreements between The Bahamas and the EU, which can qualify for
preferential access to the EU provided that the works are majority owned, produced
and financed by CARIFORUM or EU nationals.

In the area of performing arts, a cooperative mechanism will be established to
facilitate professional exchanges, training, the development of international theatre
technology and the use of theatre stage signs. For publications, there is Agreement to
cooperate in three areas: (i) organization of fairs, seminars, literary events related to
publications, (ii) facilitating co-publishing and translations, and (iii) facilitating
professional exchanges and training for librarians, writers, translators, booksellers and
publishers.

5. Electronic Commerce

The EPA recognizes that electronic commerce increases trade opportunities in many
sectors, and agrees to promote the development of electronic commerce, in particular
by co-operating on matters related to:

¢ The development of electronic commerce compatible with the highest
international standards of data protection to ensure the confidence of
users of electronic commerce;

* The recognition of certificates of electronic signatures issued to the
public and the facilitation of cross-border certification services;

° The liability of intermediary service providers with respect to the
transmission, or storage of information;

¢ The treatment of unsolicited electronic commercial communications;

¢ The protection of consumers in the area of electronic commerce;

¢ Any other issue relevant for the development of electronic commerce.

6. Business Services

The Services Schedule also includes the possibility for countries to include
commitments in the professional services. The professional service suppliers included
are law, accountancy, architecture, engineering, medical and dental services, veterinary
services and services provided by midwives, nurses and para-medical personnel. The
service schedule reflects the current policy to limit foreign participation in these sectors
to joint ventures.
The EPA — Essentials — Trade Related Issues

Trade Related Issues

These are issues for which predictable and transparent rules would improve the trading
environment. The EPA initiative contains obligations in six areas related to trade, they include:

1. Competition Policy

The EPA commits countries to the enactment of legislation and establishment of a
competition commission to ensure fairness in the marketplace. The Agreement requires
the enactment of legislation and the creation of a new institution by 2013 that will have
the capacity to investigate anti-competitive practices such as the imposition of unfair
prices, clauses that give exclusive rights to individuals or groups of companies, tied
sales, quantity restrictions or vertical integration.

2. Innovation and Intellectual Property

Innovation

The EPA sees innovation and creativity as important tools to support the development
of enterprises and increase their competitiveness. CARIFORUM states are committed
to providing the regulatory and policy framework to support innovation and creativity
at the regional level. The EU has agreed to support CARIFORUM states in a number
of areas that include the intensification of activities to promote linkages, between
CARIFORUM and the EU, promotion of contacts and industrial cooperation between
interested persons, technical assistance, conferences, seminars, exchange visits,
promotion of creativity and design, particularly in micro, small and medium enterprise.

Intellectual property

In this regard, The Bahamas already has legislation and jurisdictional mechanisms in
place to meet these obligations. Modifications will be made by 2014 to cover a range
of issues related to intellectual property such as copyright, brand names, trademarks,
industrial designs, geographical indications and plant varieties.

3. Public Procurement

The obligations on public procurement involve increasing transparency. This includes
improving access to procurement opportunities such as the establishment of on-line
facilities to provide notices on tendering opportunities, informing suppliers of
procurement decisions and establishing a mechanism for dealing with bid challenges.
There is also an obligation to have an authority in place to provide transparency and a
mechanism for dealing with bid challenges by 2010.







4. Environment

The environment is an important trade related topic in the EPA because it is recognized
that increases in trade should not occur to the detriment of the environment. The
obligations on the environment encourage measures that support sustainable
development, protection of the environment and public health. The EPA also encourages
governments to facilitate trade in goods and services that are beneficial to the
environment and to adopt technologies that are renewable and energy-efficient.

EPA discourages countries from lowering environmental or public health standards or
failing to enforce existing legislation in order to increase trade or attract foreign
investment. The obligations on Agriculture and Fisheries requires that Parties to the
Agreement base their exploitation, conservation and management of the fisheries
resources and the marine ecosystems on principles outlined in the Food and
Agriculture’s Organization Code of Conduct.

5. Social Aspects

The EPA has endorsed the International Labour Organization’s (ILO) Declaration on
Fundamental Principles and Rights to Work. The Declaration commits EPA signatories
to maintain the following standards:

¢ Freedom of association;

¢ Elimination of forced labour;

¢ Abolition of child labour; and

¢ Elimination of discrimination in the workplace.

This is an important component of the trade Agreement because it acknowledges that
trade also has sociological impacts. There is also a mechanism for trade unions and
other members of civil society to monitor the implementation of the EPA and report
their observations to the CARIFORUM-EC Consultative Committee. Moreover, The
Bahamas has agreed not to lower the protection provided to workers in existing
legislation in order to encourage trade, foreign investment or maintain a competitive
advantage.

6. Protection of Personal Data.

The EPA recognizes that it is the right of every person to have his or her Personal Data
protected in the course of a transaction and for recipients to use the information only
for the purpose for which it was intended. There is also an obligation to have the
necessary legal and institutional mechanisms in place by 2015 to support the Protection
of Personal Data. In this regard, The Bahamas already has in place the legal framework
and institutions to protect personal data, in the form of the Data Protection Commission.
We anticipate meeting our obligations with regard to these areas given our current legal
and institutional framework.
| EPA Benefits and Opportunities

The Economic Partnership Agreement negotiated by CARIFORUM provides a number of
critical benefits to The Bahamas as it seeks to sustain and improve upon the standard of
living it has enjoyed to date. The benefits offered through the EPA are especially significant
given the continued drive for globalization and international trade liberalization.

What are the benefits of the EPA for The Bahamas? The EPA:

Preserves The Bahamas’ longstanding trade relations with the (EU), one of the most
important economic blocks in the world, which offers significant tourism, financial
services and foreign direct investment potential for the country;

* Protects and preserves existing market access (fisheries, rum, etc.) to the EU, the
world’s second most lucrative economic market;

¢ Maintains open, transparent and defined lines of trade communications with key
trading partners who impact our policies in the financial services sector;

¢ Maintains the country’s competitive position vis-a-vis other CARIFORUM states as
a destination for EU investment;

Provides a platform to enhance and develop new export markets to the European
Union (financial services, cultural services, computer services, etc.);

¢ Offers The Bahamas access to almost $200 million in trade development funding;

¢ Supports measures to safeguard the environment and the rights of workers;

¢ Improves business facilitation by streamlining administrative and processing
requirements involved in the treatment of goods that are imported, exported and in
transit;

¢ Improves regulatory capacity of the public sector in key trade related areas;

¢ Provides domestic and international investors in the services sector with a more
transparent and predictable set of rules in which to provide their services into the EU

and CARIFORUM; and

¢ Establishes a reasonable baseline for the Government to negotiate future trade
agreements.







resident 0 aradise Fisheries

It should be of no surprise that the broader access to 27 countries with a market of nearly
half a billion EU citizens will provide lucrative possibilities for Bahamian goods
and services.

Clearly, The Bahamas can gain from the opportunities presented by the EPA initiative, and
is well positioned to benefit both from a business perspective and consumer point of view.

In our primary industries, our business people in the Tourism and Financial Services sectors
are world-class and outstanding. They have established themselves in world markets.
Broadening access for Tourism and Financial Services industries in the EU opens up
investment opportunities that play into our strengths and creates opportunities for Bahamian
businesses and workers in these industries, as well as secondary businesses and workers
that provide support to those industries.

Bahamian consumers stand to gain from the potential this creates in lowering prices on
products, as well as the availability of a wider variety of merchandise imported from the EU.

Bahamian businesses stand to benefit from access to cheaper technology and components
used for producing and selling their goods and services. This opens the door for them to be
more competitive, improve their profit margins, create opportunities to invest and grow their
businesses, as well as employ more Bahamians.

Bahamian entrepreneurs and local industries can also take advantage of the investment
opportunities and measures available to them under the EPA to position themselves to
develop, produce and sell quality goods and services not only to EU and CARIFORUM
members, but also to other global markets around the world.

=>
an

The EPA — Challenges & The Road Forward

In the longer term, opportunities and benefits can be realized from attracting new additional
investment and development assistance to develop new exports for The Bahamas.
Developing new exports would produce new jobs and lead to economic growth.



_The EPA Challenges & The Road Forward

The benefits described in the previous section will not occur without some challenges along
the way. The possible challenges we face from trade liberalization and the effects of possible
dislocation of less competitive local industries are clearly matters of national interest and

government priority.









“Several obligations under this Agreement will be costly to
implement. The revision and implementation of several pieces
of legislation, the creation of a standards bureau, the
development of a competition policy, the development of a
policy as it relates to government procurement and a plan to
address the basic lack of transparency in doing business in
The Bahamas. There have been discussions on these issues
with the Government and we remain engaged on these issues
as we see benefits for our membership if these issues are
adequately addressed.”
Philip Simon -
Executive Director of The Bahamas

Chamber of Commerce











The EPA recognizes the challenges that countries, especially the smaller ones, might face
in implementing the Agreement and has therefore provided considerable funding (some
$200 million for CARIFORUM) to assist in the process. Such funds might be used for
enhancing customs procedures and institutional development.












“Concerns about the free movement of labour and subjecting
ourselves to a mass influx of labour from the Caribbean and
the EU are simply unfounded. We understand that The
Bahamas is advancing a position in the Agreement which
seeks to make it easier to move people in support of the
conduct of trade, training and education-related activities
and this is good.”



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Frank Comito —
Executive Director Bahamas Hotel Association




SAL OSLLAL MOSER neCss sass ae







_ Frequently Asked Questions About The EPA

1. Why should The Bahamas sign the EPA?

The Bahamas should sign the Economic Partnership Agreement (EPA) because it brings
predictability to its trading relationship in goods and services with the EU and
CARIFORUM. The EPA is an acknowledgement by the countries of CARIFORUM
that they are willing to participate in international trade under the global structure of

the World Trade Organization (WTO).

It provides a clear framework for potential investors in the services sector and the
non-service sectors that have been included.

2. How will ordinary citizens benefit from the EPA?
The broad opportunities that the EPA provides for further growth and development of

the Bahamian economy will be a benefit to all Bahamians, as it creates jobs, business
and social opportunities.
AP Nets. Mee

The EPA — Frequently Asked Questions (1)

The EPA provides opportunities for increased investment in The Bahamas, particularly
from Europe, which could promote further diversification of the economy.

The EPA will also lower customs duties on items out of Europe making European goods
cheaper to import and increasing the variety of goods available to consumers.

The EPA contains several measures to improve transparency in government operations.
These include the publication of information electronically, the establishment of enquiry
points and the requirement for consultation with stakeholders on changes to regulations
or legislation.

The Cultural Protocol provides the framework to expand the export of cultural
material like Junkanoo and literary publications.

Will the EPA allow EU and CARIFORUM workers open access to
the Bahamian labour market?

No. The EPA will facilitate, however, the temporary entry of workers for business
purposes in specifically defined categories. These categories are as follows:

* Key personnel - a senior person involved in setting up a commercial
venture for an approved investor;

¢ Intra-corporate transfer - a manager or specialist who has specific
knowledge and whose presence is necessary on a temporary basis to
establish a commercial presence;

* Graduate trainee - an individual that is transferred on a short-term basis
for career development or to obtain training in business
techniques;

¢ Business service seller - a representative of service suppliers;

* Contractual service supplier - a specialist required to fulfill the terms
of a contract;

¢ Independent professional - a professional required to fulfill the terms
of a contract.

Temporary entry will be granted for periods ranging from three months to three years.
The provisions of EPA are “reciprocal”, which means that Bahamians in these
categories can also access the service markets of CARIFORUM and the EU. Provisions
for temporary entry does not cover workers outside the categories identified and do not



wot





include general service workers. Countries maintain the right to regulate their labour
markets and visa requirements.

Is the EPA a commitment to the CSME?

The EPA is not a commitment to the CSME. It does, however, include measures that will
require collaboration and cooperation in a number of areas to ensure the smooth
implementation of the EPA. The Agreement will also seek to implement common
procedures in areas like customs management.

How will people in the Family Islands be affected?

The EPA is like any other international Agreement signed by the Government of The
Bahamas. The obligations undertaken by the Government of The Bahamas in the EPA
apply to the entire country.

Will the Government have to privatize public undertakings?
There is no commitment in the EPA to privatize public undertakings.
Will the Government have to introduce an income tax?

There is no obligation in the EPA that requires the Government to introduce an income
tax. There are options available to the Government that would allow it to introduce
revenue-generating measures without resorting to an income tax.

How will the EPA impact domestic legislation?

The EPA does not prevent the Government from introducing legislation to meet
legitimate policy objectives. There are areas where there will likely be changes to
domestic legislation based on obligations arising from the EPA. The legislation related
to customs administration, agriculture, fisheries, intellectual property, government
procurement and data protection will need to be updated. New legislation will also be
introduced to establish a Competition Commission, as well as to facilitate other
components of the Agreement such as the Cultural Protocol.
9. How will be EPA impact the licensing requirements of professional
service providers?

Professional associations will continue the current process of self-regulation. This

means that these professional bodies will continue the practice of determining the en
qualifications and professional experience required to practice in The Bahamas. The

EPA does require professional bodies in accounting, architecture, engineering and

tourism to meet to develop mutual recognition agreements within three years of signing

the EPA. These mutual recognition agreements will outline the qualifications, licences

and other requirements to facilitate the movement of professional service providers.

10. Does the EPA provide a right of establishment provision for EU and
CARIFORUM companies?

The establishment of a foreign company in the EU or CARIFORUM is determined by
the signatory country. In the Agreement, countries can indicate the areas where foreign
branches or subsidiaries will have the right to establish a commercial presence.



11. Why is regional integration an objective of the EPA?

Trade agreements provide the private sector, either individually or collectively, with a b) CARIFORUM-EC Trade and Development Committee responsible
legal framework in which to make decisions based on investment opportunities in for caper eine anid tonitarne Wis implementation of eacharer ofthe
another country. Business decisions are made easier if there are clear rules and common - eae . aRBeRe a ae ee I t Sill pecanapr ised Gt Sekaar
practices. The EPA involves more than 40 countries, and in an area such as customs, for j = eile. a ae S eae ter aera fe ene Seis
example, the application of a regional or international standard is seen as a way to Agreement are properly opie ieee : sree diate aad
moniter iad. recommend cooperation priorities, and take actions to avoid disputes.
; : The CARIFORUM-EC Trade and Development Committee will
12. How will the EPA be implemented? report to the Joint CARIFORUM-EC Council.
The Government of The Bahamas will implement the EPA through existing c) CARIFORUM-EC Parliamentary Committee comprising of members
institutions, such as the Customs Department and through institutions that may need to ~ of the legislatures of the CARIFORUM countries and the European
be created such as the Competition Commission. In addition, the EPA has created Parliament who will meet and exchange views on the implementation
several committees including: of the Agreement and inform the Council.

a) Joint CARIFORUM-EC Council responsible for the implementation d) CARIFORUM-EC Consultative Committee that will include
of the Agreement. It will have the power to make decisions on all representatives of civil society who will meet to discuss the
matters covered by the Agreement. The Council will meet at the implementation of the Agreement and inform the Council.
Ministerial level every two years.

13. How do persons participate in the formation of trade policy?

The Bahamas Trade Commission was formed to allow the business community to
participate in the process of trade policy formation. The Bahamas Trade Commission
is open to representatives of business groups.

There is a need to formalize the contributions of civil society on trade matters.
Persons can email their concerns to the Bahamas Trade Commission at

www.bahamastradecommission.com
14. Where can I find more information on the EPA?

There are numerous sources of information on the EPA available in the References
section at the end of this document.


epee Summary



The Economic Partnership Agreement (EPA) is a
trade Agreement between the European Union and
the Caribbean Forum (CARIFORUM).

The EPA has 3 main sections:
° Goods
° Services, Investment and E-Commerce
¢ Trade Related Issues

Duties on EU and CARIFORUM imports into The
Bahamas will be reduced over the next 25 years.

There is a list of sensitive goods that will not be
impacted by the reductions on duties.

The service sectors that will be included in the
Services Schedule are:

¢ Financial Services;

* Computer and Related Services;

° Research and Development;

¢ Environmental Services;

¢ ‘Tourism and Travel-related Services;

* Recreational, Cultural and Sporting

Services;
¢ Transport Services;
¢ Other Business Services.





The Investment Schedule outlines the reservations
and limitations on investment in agriculture, hunting
and forestry, fishing, mining and quarrying,
manufacturing, production, transmission and
distribution on own account of electricity, gas, steam
and hot water.

There are commitments to modernize the legal and
institutional frameworks in six trade related areas:
competition; innovation and intellectual property;
public procurement; environment; social aspects and
protection of personal data.

The temporary entry of persons will be facilitated
on short-term contracts for specific categories of
workers. These categories are: senior persons
involved in setting up a business, intra-corporate
transfers, graduate trainees, business service sellers,
contractual service suppliers and independent
professionals.
References, Supplementary and

Other Information

A full text of the EPA is available at the Bahamas Trade cn web page
accessible through The Bahamas Government website at:
Once you have accessed the Bahamas Trade Commission web page select

The complete CARIFORUM Schedule of Tariff Liberalization is also available at the
Bahamas Trade Comneoe web m BAS accessible through The Bahamas Government

website at:

Once you have accessed ne Bahamas Trade Commission web page select:

Government of The Bahamas:

Bahamas Trade Commission:

Caribbean Regional Negotiating Machinery (CRNM):

The European Commission:

African Caribbean Pacific Secretariat: ©

European Union.

International Labour Organization; =

Food and Agriculture Organization: ©)

World Intellectual Property Organization:

World Trade Organization: oy bore

WWww.wibo

World Customs Organization: ©) co0 7 ore






Photos courtesy of: BLS staff: Derek Sm
Alse: fim Ayien, Auiats @ Fervier, Rola:

References and sources of information on the EPA on the Internet:

Other references of interest related to EPA on the Internet include:

Ant



EPA Sector Consultations and Town Meetings

In an effort to educate and inform both the private and public sector about the EPA and to
obtain public opinion, the Ministry of Finance and the Bahamas Trade Commission has
held two town meetings and numerous private sector consultations.

Town hall meetings were held in:

¢ New Providence
° Grand Bahama

New Providence consultations were held with the following sectors:

Accountants

Agriculture / Fisheries

Builders

Chamber of Commerce

Clearing Banks Association
Credit Unions

Culture

Engineers

Environmental Service Providers

Financial Services Industry
Health

Insurance

Lawyers

Motor Dealers

PUC

Tourism

Young Presidents Organisation

Grand Bahama consultations were held with the following sectors:

Accountants
Architects / Engineers
Attorneys

Banking & Finance

Builders

Chamber of Commerce
Manufacturers / Retailers
Real Estate



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