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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IN TODAY’S TRIBUNE

SEE PAGE 198






Theft suspect

Man allegedly produced
handgun during a.

confrontation with officers i

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

POLICE shot a man sus-
pected of theft in the Yellow
Elder Gardens sub-division
yesterday after he allegedly
produced a handgun during a

confrontation with officers.
Police responded to a com-
‘plaint of thieves stealing car
parts from a vehicle in Mary
Outten Road, near Millenium
Gardens, shortly after 10am.
Uniformed and plainclothes
officers went to the area and
saw two men fitting the

SEE page eight



INVESTIGATING OFFICERS on-the scene sat yesterday's shooting | in

Millennium Gardens.

Photo: Tim Clarke/Tribune staff

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DORIS DARLING filled in 143 $1, 000 Saturday coupons and is this
week's Caught Red Handed $1, 000 winner. She is pictured receiving
her cash prize from Patrice Fisher, Circulation Manager.

Court of Appeal upholds
man’s flogging sentence

lm By NATARIO McKENZIE

THE Court of Appeal yes-
terday upheld the flogging sen-
tence of a man convicted of bur-
glary, causing harm and the
attempted rape of an Soca
old woman.

In October, 2006, Siiprcine
Court Justice Jon Isaacs
ordered that Alutus Newbold,
37, receive eight strokes of the
rod - four on admission and
four on release.

In addition, Newbold was
sentenced to 16 years in prison.
The Court of Appeal yesterday

dismissed Newbold’s oes

against his sentence.



In their ruling yesterday, the
Justices of the Court of Appeal
stated: “In the circumstances
we are bound to hold the impo-
sition of corporal punishment
for an offence of burglary, even

a first such offence is constitu- :

tional and a judge of the
Supreme Court may, in his or
her discretion, sentence a con-
victed person to such a punish-
ment.”

The ruling added: “Yet we
bear in mind that justice should
be tempered with mercy and
that in light of what his intend-
ed victim taught him by her

SEE page nine

Christian Council
demands to screen
every music act
coming to Bahamas

@ By ALEX MISSICK

THE Bahamas Christian
Council is demanding that
every musical act that comes
to the Bahamas must be
screened by them before they
are allowed to perform at-any
venue in the country.

This comes after the protest
by Bahamas Against Crime
against the headlining perfor-
mance of Jamaican reggae
artist Mavado at this year’s
Millennium Countdown con-
cert, scheduled to begin today.

President of the Bahamas
Christian Council, Rev Patrick

Paul, at press conference yes-
terday said any artist whose
lyrics promote violence, degra-
dation of women, and lack of
concern for Christian virtues,
should not be given free access
into the Bahamian communi-
Lys: 3

“The information we
received three weeks ago
‘about Mavado and Bounty
Killer, indicates that they use
despicable language which is
directly opposite to the Chris-
tian values that we seek to
promote in our country,” Mr

SEE page 11

Vendors claim some Haitians have
returned to work in Straw Market

@ By CHESTER ROBARDS
Tribune Staff Reporter

TENSION continues at the Straw Mar-
ket as Bahamian vendors say some Haitians
have returned to work and that a govern-
ment minister is to blame for their return.

Stall owners upset over the return of the
Haitians accused Minister of National Secu-
rity, Tommy Turnquest, of allowing some
vendors to bring back their Haitian workers, |
contrary to Minister of Immigration

Branville McCartney’s efforts to get them

out.

Only on Tuesday, according to one vendor, a Haitian woman
was escorted out of the market by eight policemen. However,

SEE page nine





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PAGE 2, THURSDAY, OCTOBER 30, 2008 THE TRIBUNE






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THE TRIBUNE

THURSDAY, OCTOBER 30, 2008, PAGE 3



0 In brief

Help us with
armed robbery
investigation,
say police

POLICE are appealing to the
public to assist them in the
investigation of an armed rob-
bery of the Shell Service Station
on Wulff and Marathon Roads.

Shortly after 8pm on Tues-
day, a masked gunman entered
the service station and robbed
an employee of cash.

The robber then escaped in a
waiting, heavily tinted, Honda
Accord with the registration
number 196319.

Police are now searching for
the gunman and the vehicle.

Anyone who has seen this
vehicle is asked to contact the
police at 919, 502-9991, 328-
TIPS or nee nearest police sta-
tion.

Residents voice
anger over
Eastern Road
project

Several residents living in the
eastern part of New Providence
yesterday expressed irritation
upon seeing workers “re-paving
Eastern Road and immediately
afterwards, digging it up again.”

Water and Sewerage began
digging trenches in the road to
replace old pipes in the area
before the start of the school
year.

One angry San Souci resident
yesterday told The Tribune: “At
this moment in time they are
paving back up what supposedly
was finished and Water and
Sewerage has a digger digging it
up right behind them.

“It’s pathetic. Never in my
life have I seen a project take
this long. We’ve had enough!”

A message left for general
manager of Water and Sewage,
Godfrey Sherman, was not
returned up to press time.

Correction

In an articlé published in
The Tribune on Wednesday, it
was stated that former prime
minister Perry Christie accept-
ed an offer from the Chinese
government in 2004 to give the
Bahamas $30 million to build a
national stadium. According to
Minister of Youth and Sports
Desmond Bannister, this is a
“common misconception.” The
truth of the matter is that the
Chinese government offered
to build a stadium, which,
when completed, would be val-
ued at $30 million.

It was also suggested that
when completed the new
national stadium will provide a
venue for softball and baseball,
after the stadia formerly used
for these sports were demol-
ished to make way for the new
national stadium in 2006. .

Instead, said Mr Bannister, a
$1 million allocation was made
in this year’s budget to build
separate venues where those
games can be played.

Ohama goes
prime time

MIAMI -



Democratic presidential candi-
date Barack Obama plunked
down $4 million for a campaign-

closing television ad last night, :

summoning voters to "choose
hope over fear and unity over
division" in Tuesday's election,
according to the Associated Press.
Republican John McCain derided
the event as a "gauzy, feel-good
commercial," paid for with bro-
ken promises.

"America, the time for change
has come," Obama said in the
final moments of the unusual ad,
a blend of videotaped moments
and a live appearance before
thousands in Sunrise, Florida.

"In six days we can choose an
economy that rewards work and
creates jobs and fuels prosperity
starting with the middle class,"
Obama said.

The 30-minute ad; aired on
CBS, NBC, Fox and several cable
networks, came just days from
the end of a race in which Obama
holds the lead in polls nationally
as well as in most key battle-
ground states as he bids to
become the first black president.

Republicans and even some
Democrats said the race was
tightening as it neared the end.

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COURT OF APPEAL: Angelo 'Nasty' Brennen

Convicted murderer’s life sentence upheld

MBYNATARIO MCKENZIE a Judges reject Crown’s argument
that punishment was too lenient

THE Court of Appeal has
upheld the life sentence of a
man convicted of the October
2004 daytime slaying of a moth-
er and the attempted murder of
her daughter.

The Crown had.appealed the
life sentence of Angelo 'Nasty'
Brennen on the ground that it is
unduly lenient. Brennen was
initially sentenced to death in
November 2005 for the murder
of Ruthmae Pinder, which took
place on October 29, 2004. Ms
Pinder was shot and killed at a
bus stop on Farrington Road,
while standing, with two of her
daughters — Calvonya Grant
and Amy Pinder. Ms Pinder
was shot twice that day, one
bullet puncturing her lung and
the other her left side. Ms

Grant, her daughter, was also.

shot during the incident.
According to evidence adduced
at the trial, Brennen and the Ms
Pinder had been in a relation-
ship for about two years. Ms
Pinder had attempted to end



“In the final
analysis the judge
found that there
were mitigating
factors present and
that the offence did
not fall within the
worst case category
to justify the
imposition of the
death penalty.”



the troubled relationship six
months before she was killed.
Brennen was sentenced to
death for the murder and sen-
tenced to 25 years imprison-
ment for the attempted murder

of Ms Grant. In light of the
Privy Council’s 2006 decision in
the appeals of Forrester Bowe
and Trono Davis which ren-
dered the mandatory death sen-
tence for murder invalid, Bren-
nen was re-sentenced in June
2007 to a term of life imprison-
ment. Crown prosecutors how-
ever contended that the trial
judge had failed to attach suffi-

. cient weight to the facts and cir-

cumstances of the case and that
the sentence was unduly lenient.

In their ruling however, the
judges of the Court of Appeal
stated: “There is in our view,
clear evidence to suggest that
the motive for the murder was
rooted in his jealously and prob-
ably despair, at the probability
of losing the affection of the
object of his preoccupation or
obsession. It is basic humanity
that the courts are enjoined to

- Thieves plundering empty

govt-built homes — claim



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

~ WINDOWS, doors and
bathroom fixtures have
reportedly been stolen from
low-cost government-built
homes in the Dignity II Sub-
division while they stand
largely completed, but with
homeowners locked out, a
frustrated buyer claimed yes-
terday.

The woman buyer, who
wished to remain anonymous,
said her house was finished a
year and a half ago in April,
2007, but the Ministry of
Housing has yet to offer those

who put down deposits for the

homes a date to move in.
Now, with her mortgage
payments: due to start.at the
beginning .of November, the
concerned buyer is worried
about how she will be able to
meet that $932 per month
obligation while still paying
$650 rent on her current
accommodation. The woman
claims she was told by Leslie
Dean, chief housing officer at
the Ministry of Housing, that
the delay came about because
infrastructure to deliver elec-
tricity and water to the homes
has yet to be completed. In
her opinion, the ministry is
“dragging its feet”.
Yesterday, Minister of
Housing Kenneth Russell
denied this was the case, blam-
ing the delay on the former
government instead.
Confirming that there was
no infrastructure installed for
the homes when his party
came to office in May, 2007,
he said the hold-up in moving
ahead with installation of
water, sewerage and electrici-
ty all came down to the former
government leaving the Ingra-

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“There was nothing we
could do if we had no money.
But the infrastructure is now
in place and we are now mov-
ing expeditiously to get all the
houses repaired so that the
people can move into the
houses,” said Mr Russell.

He added: “The electricity
was completed about a week
ago, the sewerage system was
completed about a month ago,
and the water was completed
about a month and a half ago.

“We hope that we can get
those people in there by
Christmas at least,” said the
minister.

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examine in determining
whether the appropriate and
proportionate punishment
should be less than death.”
The ruling went on to state:
“In the final analysis the judge

found that there were mitigating
factors present and that the
offence did not fall within the
worst case category to justify
the imposition of the death
penalty. We cannot say that his
conclusion fell beyond the
ambit of disagreement or that
he was so plainly wrong that the
only legitimate conclusion is
that he erred in the exercise of

dhis discretion.”

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PAGE 4, THURSDAY, OCTOBER 30, 2008

THE TRIBUNE



SOLUS) TP US SUAS TO THE EDITOR

The Tribune Limited

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

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

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

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

Publisher/Editor 1919-1972
Contributing Editor 1972-1991

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

Publisher Boner 1972-

Published Daily Monday to Saturday

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

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

Mediocrity holding country back

ALTHOUGH what she said was politically
incorrect, it was true. It was something that
should have been said a long time ago. It is a
truth that needs no debate, but calls for imme-
diate action if our tourist-based economy is to be
saved.

If Tourism Director General Vernice

Walkine had her way she would open employ-

_ ment in the tourism industry to foreigners. This

would give the industry a larger pool from which

to draw. There would also be freedom to fire
those who did not measure up.

In her view the service industry was suffering
because too many of its workers were not meet-
ing international standards. However, if the

industry had a larger employment pool from .

which to draw “those people who are Bahami-
an citizens who are employed, would know that
if they didn’t buckle up and do what they are
supposed to do, they would be fired right’ away,
because they can be replaced immediately.”

She agreed with her radio talk show host
that visitors didn’t really care who served them.
They were only interested in receiving the ser-
vice for which they had saved to afford their
vacation.

This is what has always held the Bahamas
back — the slackness of a work force that knows
no matter how badly its members perform, they
cannot be replaced.

And they cannot be replaced because no one
is available to replace them.

It is this protection of mediocrity that has
always held this country back. Businesses can
only progress as far and as fast as their workers
permit.

And if they refuse to improve or exert them-
selves there is little that employers can do —
other than fire them and do the job themselves.

Politicians are wasting their breath talking
about improving the civil service without hold-
ing them to performance standards, which, if not
met would cost them their jobs. Instead these
people perpetuate their incompetence as they
are moved from one ministry to another. This
cradle to the grave crutch, never made an hon-
ourable, productive citizen of anyone. Why
should anyone make an effort, if the state
ensures a comfortable job from which they can-
not be fired?

No wonder it’s the ambition of many
Bahamians to be a civil servant.

“Honestly,” said Ms Walkine, referring only
to the slackness in tourism, “there are some I
would really get rid of, but you know, it’s not
that easy. We don’t have the ability in this coun-
try. We can’t fire our citizens.” This is true, so
what does the country expect?

All this goes back a very long way. The late

Sir Lynden Pindling in his climb to power made
many pie-in-the-sky promises that were never
kept. Bahamians were encouraged to believe
that to be hewers of wood, and bearers of water
was beneath them — didn’t you know that that’s
“Haitian work?” As a Bahamian recently
remarked, if it weren’t for Haitian labour, this
country would collapse.

When the PLP came to power in 1967, they
were too anxious to dismiss those foreign civil
servants who, if their services had been retained,
could have trained Bahamians to replace them.
Instead unqualified Bahamians were catapulted
into jobs for which they were not prepared. It
has been a downhill slide ever since.

Over time there were those in the PLP who
seemed to believe that a darker skin gave them
a better chance of landing a lucrative job.

We vividly recall the day that a highly
respected Over-the-Hill businessman, then in his
senior years, came to see Sir Etienne Dupuch at
The Tribune. They had been friends for many
years. The fact that he had joined the PLP, had
not interfered with this friendship.

On this particular day Sir Etienne’s friend
was visibly shaken.

We do not remember the details of his story,
but recall that he was at a PLP meeting where
persons were running for office. Sir Etienne’s
friend had been nominated.:-A quarrel then
broke out when a young, loud mouth jumped up
and announced that he was more qualified for
the position. As far as anyone knew all this
young man had going for him was bumptious
youth, whereas the older gentleman had quali-
fications that could have benefited the young,
inexperienced party.

The younger man ordered the older man to
roll-up his sleeve and hold out his arm. The
younger man did the same. The two arms were
held side by side. One was a deep chocolate
brown. The other was ebony black. The young
man offered nothing more as qualifications than
his blackness — merit never entered into it.

Over the years this country has suffered
from the mediocrity that had become
entrenched in this party.

No matter how qualified a Bahamian, his
qualifications were not recognised or rewarded
unless he were a card-carrying PLP.

And if the-attitude of the young man who
had so upset Sir Etienne’s friend were in fact
embraced by the party, then obviously the wor-
thiness of a PLP was also measured by the shade
of his skin.

If this country is to climb out of its Third
World morass, Bahamians are going to have to
demand that only persons of ability and integri-
ty lead them forward.



Quality Auto Sales

A reckless approach
to other people’s |
lives and money

EDITOR, The Tribune.

I recently attended the Glob-
alisation Conference that was
held at the Sheraton Nassau
Beach. This conference was
sponsored by the Bahamas
Chamber of. Commerce and
other business organisations.
The special guest at the session
I attended was the Minister of
State for Finance the Hon.
Zhivargo Laing.

As I sat and listened to the
young minister I could not help
but reflect on the disastrous
state of our economy and how
successive governments since
1967 have brought this cata-
strophe on our country. In his
ramblings, the young minister
attempted to explain the gov-
ernment’s response to the coun-
try’s economic crisis. In doing so
he alluded to the fact that Cuba
was coming back and would be
a threat to our Tourism product.
It amazes me that every time
an Official in our country men-
tions our tourism industry they
always find a way to bring Cuba
into the picture. Cuba is always
talked about as though we in
the Bahamas did not have a
tourism product of our own.

Unfortunately, the people
who are in Government today
and those who have governed
since 1967 have forgotten their
motivation and have lost their
way.

This is especially the case
with this present administration,
since they are now able to asso-
ciate with people who would
not have talked with them
before...

These hungry belly full are
like the messenger who stayed
too long at the King’s table, not
only did he (the messenger) for-
get his message but he also for-
got his way. *

Of course, I hold no disap-
proval of a messenger who
becomes weary and finds it nec-
essary to replenish himself
because he is hungry and tired.
However, he should not allow
his belly to cause him to lose
his way and forget his message.

There was a time in the
Bahamas when every Ameri-
can visitor was allowed to bring
back to their country, the USA,
Sqts of liquor or alcoholic bev-
erage, regardless of age, gen-
der, or race.

As a veteran in the Hospital-
ity Industry, it is good when one
is able to retain and is able to
recognise the facts as they once
were.

Another of these facts is a
story about Adam Clayton
Powell. At the time he was a
senior and a very powerful
influential member of Congress.
Mr Powell introduced a bill in
the American Legislature which
raised concerns about the
American liquor industry.
Because of its tremendous

DAMS

letters@tribunemedia.net




effect following its passage, the
Bahamian liquor industry was
greatly affected in 1965.

Incidentally, following the
passage of the Powell Bill the
visitor had to be twenty-one
years old and he or she was only
allowed one quart. It was a
tremendous blow to the econo-
my of this country.

The government at the time
was the United Bahamian Par-
ty (UBP). Back then Congress-
man Powell was a frequent vis-
itor to the Bahamas and I recall
that he spoke at several political
rallies.

I don’t remember him being
associated with the UBP gov-
ernment. My fondest memory
of the good congressman was
his association with the oppo-
sition. On January 10, 1967 the
government changed.

It is my belief that the oppo-
sition’s association with the late
Adam Clayton Powell influ-
enced the change.

There is an old proverb which
says that you must not cut off
your nose to spite your face. It
causes you to look like a fool.
When one is endowed with gifts
as I have been blessed, things
that would appear as random
to most people become patent-
ly clear to me. In 1954 there was
a shooting in Youngs Town,
Ohio at a particular learning
institution. Those who were
responsible made it look like a
random shooting. At the time I

recalled myself questioning the
matter. I was later proven to be
correct when keener minds
along with law enforcement
officers in Youngs Town solved
the case and laid the foolish-
ness of a random shooting to
rest. I travelled. to the United
States in September of 1965 to
see my mother. Accompanying
me on the trip was one of my ©
four sons. This son’s name was
Charles Poitier, my name.

So today, October 2nd as I
sat and listened to Minister
Laing talk about the global
effect of money, Tourism and
investment in the Bahamas
along with the name Kerzner
and diversification through
Agriculture and mentioning at
the same time the financial
dilemma going on in the US
today, he included borrowers
at the Development Bank.

He ended with his usage of
the words “ninja'loans” a term
used by Jack Kafferty of CNN
expressing his outlook on the
current financial crisis in the US
and the 700 billion dollar res-
cue plan and the need to have
such a move because of the way
the banks made these monies
available.

III end now, not because I
don’t have more to say.

I now. wait for a response
because there could be no .
defense for people being so
reckless with other people’s
lives and money.

MR CHARLES
POITIER

Owner, )Taxi No. 509,
Nassau,

October, 2008.

FNM should stick to Hubert
Ingraham, a proven winner!

EDITOR, The Tribune.

*

During my traveling throughout New Providence, I’ve heard
“mild” conversations about whether or not the Prime Minister
will lead the FNM into the next general elections in 2012, or who
will lead the FNM, or who has the ability to lead the FNM.

I’ve already scrutinised the sitting Members of Parliament and
Cabinet Ministers and concluded that neither has what it takes “at
this time” to win the next general election for the FNM. Prime Min-
ister Ingraham is a winner. And he is a politician in a class all by
himself. In 2007, he delivered the knockout blow to the PLP. And
in 2012 he will be needed to put the dagger in the heart of the PLP.
Recent alleged events and many more are evidence why the PLP
needs to stay in opposition for at least another twenty years.

The leadership of Prime Minister Ingraham is needed badly to
protect us from the greedy and selfish PLPs who continue to
destroy the good name of this country. Those selfish PLPs among
them who act as if the public treasury is their personal bank account

need to stay in opposition.

The PLP is bad for this country. The PLP is bad for the next and

future generations of this country.

A word of advice to the hierarchy in the FNM, only Prime Min-
ister Ingraham can beat former Prime Minister Christie. *

PAT STRACHAN
Nassau,
October 21, 2008.

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THE TRIBUNE

THURSDAY, OCTOBER 30, 2008 , PAGE 5



Yours for up to $7m — a high-rise apartment

m@ By MEGAN REYNOLDS .
Tribune Staff Reporter

LUXURY homes in the
Bahamas' first high-rise apart-

ment building will be available

to buy for $1.3 to $7 million
starting in-the middle of next
year.

Prices increase as apartments
ascend the ten-storey Ocean

$1,500,000 annually in real
property tax. And despite the
current economic gloom, apart-
ment prices have recently been
raised by up to $300,000. Exec-
utive director of contracts and
marketing Robert Rose said:
“We are ‘seeing a lot of inter-
est: people are wanting to put
their money in an economic safe
haven like the Bahamas.”

And with luxuries like 24
hour security, valet, an eleva-
tor that opens into your apart-
ment and a 50 boat marina, as
well as swimming pool, gym,
and conference centre, Ocean
Place hopes to attract those with
a love of the luxurious,

The apartments are sched-
uled for completion in summer
2009.





MEMBERS
of the press
were given
a tour of
the luxury
apartments
at Ocean

| Place on

Place on the harbour, and the
view expands from Nassau har-
bour, Atlantis and the Ocean
Club Estates golf course to pan
across to South Ocean and
Rose Island.

The nine two-storey luxury
penthouses are at the dizzying
heights of the ninth and tenth
floors, while 70 two and three
bedroom units are on the floors
below. Each is fitted with a
touch-screen automation sys-
tem to control the air condi-
tioning, lighting, music and tele-
vision from home or abroad.

A 50 inch plasma screen tele-
vision, sub-zero refrigerator, top
of the line appliances, granite
counter tops, solid wood cabi-
nets, a steam shower and jacuzzi
are also a part of the package.

Director of Peace Holdings
Ltd Albert Ballard said:
“Bahamians are running the
company, running the project,
and we can see the quality of
work. Even the decorating.
Every single thing is unsur-
passed.”

The $150 million project has
employed 200 Bahamians in
development, and will generate
$13,500,000 in stamp tax and

US Airways announces
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*Part or all of the service may be provided by US Airways Express (operated by Air Wisconsin,
Chautauqua, Colgan, Mesa, Piedmont, PSA, Republic and Trans States) or United®. Terms
and conditions: Advertised fares require a roundtrip purchase and a 2-night minimum stay. Fares
are valid for purchase October 30 -November 6, 2008. Travel must originate in Nassau and is valid
BR , from October 30 - November 30, 2008. Travel must be completed by November 30, 2008. Tickets
must be purchased and paid at the time of booking. Tickets are non-refundable; any changes
will incur a minimum $150 fee. Taxes/fees: Fares do not include a federal excise tax of $3.50 per
segment (a flight segment is defined as a takeoff and a landing), the September 11th Security Fee —
of $2.50 per enplanement, and Passenger Facility Charges of up to $18 per roundtrip itinerary.
Fares do not include government-imposed taxes/fees of up to $188. Checked baggage fees may
apply; visit usairnways.com/baggage for details. Fares purchased through our Reservations desk or
at US Airways ticket offices will incur additional fees of up to $35. Fares purchased through travel
agents may incur additional fees. Seats are limited and may not be available on all flights. Fares are
subject to availability and may change at any time, © 2008 US Aiways; Inc.

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PAGE 6, THURSDAY, OCTOBER 30, 2008

Mie ee eee ee

Row sparked by towing e

@ By LLOYD ALLEN
Tribune Staff Reporter



WHAT started as a claim of
police favouritism in a car towing
exercise has evolved into a row
over the enforcement of parking

Dowdeswell Street were surprised
to discover that the police had
towed more than a dozen vehicles.

The officers, from the Tourism
Police Station, claimed that the

- cars were parked illegally and were

causing an obstruction to traffic.

zone guidelines.
Earlier this month, several
motorists who had parked along

expressed anger that one car —
belonging to Baillou Hills MP Sid-

.
\
“

N WAAC

NASR S
erat ene eras

NR irre LOreEReanTe

Friday, November 7th, 2008 « 7:30

Those whose cars were towed |

ney Collie — was not removed.
They claimed the police were dis-
playing favouritism.

Information received by The
Tribune yesterday revealed that
Mr Collie’s vehicle was actually
legally parked, in the one section of
Dowdeswell Street designated for
vehicle parking.

However, several other car own-

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ers are now claiming they were
also parked in this very area, but
were nevertheless towed and had
to pay to recover their vehicles.

Sidney Cleare, senior superin-
tendent of the Road and Sign
Department, confirmed yesterday
that Mr Collie’s vehicle was in fact
parked in an approved parking
zone.

Mr Cleare said no parking is
allowed on Dowdeswell Street
between Burnside Lane and
Church Street on the northern
curb, and between Burnside Lane
and Victoria Avenue on both
sides.

Parking is however allowed on
the southern curb of Dowdeswell
Street from Burnside Lane to ,
Church Street — where Mr Collie’s
family law firm is located.





























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When confronted with the :
claims that other cars were parked :
in the approved zone but — unlike
Mr Collie’s car — were towed,
police said the owners should con-
sult the Police Traffic Division.

At the time of the towing exer-
cise, officers were verbally attacked
by on-lookers for not removing
Mr Collie’s car.

The officers reportedly replied
that the law did not permit them to
remove a car with government :
plates. :

However, Police Superintendent :
Charles Walkine from the Central :
Division said: “You can’t impede :
an MP from moving to or from
the House of Assembly, but oth-
erwise there is nothing in the law
that says they can’t be towed by :

‘Officials
examine
damage to

walkway at
Long Wharf

i PUBLIC Works and
: Transport Minister Neko

: Grant, accompanied by

: Nicole Campbell, under-sec-
i retary in the Ministry, and

: George Hutchinson, deputy

: director of Public Works, -

: inspected damage to the

i walkway at Long Wharf

: caused by recent waves ©

: crashing against the seawall.

: Mr Hutchinson said the

; ministry's first approach is to
: lift the compromised side-

: walk and excavate it with the
: view of possibly replacing it

: or making some modifica-

: tion to prevent further

: undermining.

: "We are going to try to

: save the face and if we see

: that we cannot, the whole

: thing will have to be



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: removed, redesigned, or
: modified. The depth of the
: excavation will be deter-
: mined following an assess-

? ment of the drawings. We

: are having someone give us a

: price to lift the slab in order
-? to do the estimation for an

: inspection,” he said.

: Additionally, Mr Hutchin-

: son said it is hoped that in a

: day or two, a team from the

? ministry will return.to deter-

: mine the extent of the dam-

: age and put together a pro-

: posal for repairs to begin as

: soon as'possible.




















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74-year-old US
visitor drowns

Family vacation
ends in tragedy

m@ By DENISE MAYCOCK
Tribune Freeport
Reporter
daycock@tribunemedia.net

FREEPORT - A family
vacation ended in tragedy
when a 74-year-old American
visitor drowned while snor-
keling in the area of Paradise
Cove on Monday.

Thomas Savage, of Punta
Gorda, Florida, and his son
Eugene were caught in rough
seas around 3.30pm on Mon-
day and the two of them
became separated.

Chief Superintendent Basil
Rahming said Mr Savage and
his family were in Grand
Bahama on vacation.

They were a part of a group
of visitors that went snorkeling

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Police received :report of
the drowning aroud 6.20pm
on Monday. Mr Rhming said
officers of the Cetral Detec-
tive Unit went 9 the Rand
Memorial Hospal’s Trauma
Section, where hey met the
victim’s son an Other family
members.

Eugene Savze told the offi-
cers that his fiher, along with
other familynembers, were
snorkeling + waters off Par-

built an Nissan's 'C' platform and offers

adise Cove Beach at Dead-
man's Reef around 3.30pm
when the sea became very
rough.

The son told police that his
father was swimming some
distance behind him and that
he lost sight of him due to the
high waves.

Mr Rahming said the son
said that this father tried to
climb up onto a reef, but
got washed away by strong
waves.

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“By the time they reached
him, he was floating uncon-
scious in the water.

They eventually got him to
shore, where he was trans-
ported by ambulance to
the hospital,” Mr Rahming
said:

Mr Savage was pronounced
dead upon arrival at the hos-
pital.

Police are now awaiting the
results of an autopsy to deter-
mine the official cause the
death.



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The Tribune observes Breast Tale Tar N11 a= e) A) ACL Ors,







74-year-old US
visitor drowns

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

FREEPORT - A family
vacation ended in tragedy
when a 74-year-old American
visitor drowned while snor-
keling in the area of Paradise
Cove on Monday.

Thomas Savage, of Punta
Gorda, Florida, and his son
Eugene were caught in rough
seas around 3.30pm on Mon-
day and the two of them
became separated.

Chief Superintendent Basil
Rahming said Mr Savage and
his family were in Grand
Bahama on vacation.

They were a part of a group

Family vacation
ends in tragedy

at Paradise Cove.

Police received report of
the drowning aroud 6.20pm
on Monday. Mr Rhming said
officers of the Cetral Detec-
tive Unit went > the Rand
Memorial Hospal’s Trauma
Section, where hey met the
victim’s son an Other family

members. >
Eugene Savze told the offi-

cers that his fiher, along with
other familynembers, were
snorkeling } waters off Par-

adise Cove Beach at Dead-
man's Reef around 3.30pm
when the sea became very
rough.

The son told police that his
father was swimming some
distance behind him and that
he lost sight of him due to the
high waves.

Mr Rahming said the son
said that this father tried to
climb up onto a reef, but
got washed away by strong
waves.

‘him, he was floating uncon-

TRUSSCO

‘WOOD AND COLD-FORMED STEEL
TRUSSES

DESIGN

ENGINEERING
COMPETITIVE PRICING
FAST BIDDING INFORMATION

“By the time they reached

scious in the water.

They eventually got him to
shore, where he was trans-
ported by ambulance to
the hospital,” Mr Rahming
said:

Mr Savage was pronounced
dead upon arrival at the hos-
pital.

Police are now awaiting the
results of an autopsy to deter-
mine the official cause the
death.

361-7764

Road to City Dump after Premix
Email:ggongora@coralwave.com

AUTHORIZED =
MANUFACTURER



of visitors that went snorkeling

You are invited to a special

Open House

Saturday 1 November, 2008

Very Affordable Prices

Bring this flyer and receive a spectal 10% Discount on all New Arrivals

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Casual and Cocktail Dresses |
Sizes 2 to 24
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a range of unexpected aprenities ~ ranging from the luxury of leather-
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THE TRIBUNE

THURSDAY, OCTOBER 30, 2008, PAGE 9







FROM page one

she was back at work again
yesterday.

The woman, Lerizia Bien-
Aime, 48, was one of a few
Haitians who was not escorted
out of the big market tent
when it was raided by immi-
gration officers a few weeks
ago.

She was checked three
times by immigration. officers
that day, but was finally left
alone because she held a work
permit to be employed as a
handymaid for vendor Irene
Dawkins, 73, according to Ms

Branville McCartney Dawkins’ daughter, Addiebell



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Curry.

Mrs Curry said Ms Bien-
Aime was hired because her
mother is unable to perform
many tasks at her Straw Mar-
ket stall.

Mr McCartney said though
the word ‘handywoman’ has
a wide scope of meaning, if
the individual is in possession
of the permit they should be
allowed to work. ,

“J don’t see any difficulty
with that - she has a right to be
there by all means,” he said.

However, he admitted, the
language in the permit appli-
cation would have to be
reviewed to better understand
the worker’s position.

“We need to see what the
file dictates to see why she was
requested to work as a handy-
woman,” said Mr McCartney.

Mrs Curry said she went to
the Ministry of Immigration
to clarify the status of Ms

FROM page one

determined action that night
coupled with the length of his
sentence for burglary, it was
open to the trial judge not to
impose the additional sentence
of flogging.

“In the result, we dismiss the
appellant’s appeal against his
sentence for the burglary,
though while we consider it
severe, we do not consider it so
severe that we should interfere
with the Court of Appeal’s rul-
ing, also stated, that the execu-
tion of the sentence of corporal
punishment be stayed tor 21
days.”

According to evidence at
Newbold’s trial, Newbold broke
into the elderly woman’s home
and attempted to rape her. The
incident took place on Cat
Island in July, 2004.

As he attempted to rape the
woman, however, she squeezed
his testicles to compel him to
desist. According to the evi-
dence, Newbold bit the wom-
an’s arm in order to escape the
pain she was causing him. The
bite he inflicted on the elderly
woman was the basis of the
causing harm charge.

Supreme Court Justice Jon
Isaacs sentenced Newbold to 16
years imprisonment for burglary
- four years short of the maxi-
mum term of imprisonment that
can be imposed for the offence.

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Bien-Amie but no-one, not
even a senior official, could
tell her.

She said the only thing they
did say was that the handy-
maid had to work directly with
the person who tendered the
permit application for them.

Because of the ambiguity of
the permit language and the
inability of officials to tell her
what her employer should or
should not be doing, they con-
tinue to be harassed, as her
mother needs the assistance
of Ms Bien-Amie at her mar-
ket stall.

Straw Market rules and reg-
ulations state that, in order ta
register a stall, applicants and
their helpers must present a
Bahamian passport.

Vendors told The Tribune
yesterday that Haitians are
ultimately ruining the image
of the market.

They said a Haitian woman

Court of Appeal

Newbold was also ordered to
receive eight strokes with the
rod - four on admission and
four as he is about to be
released. Newbold was also sen-
tenced to two six years impris-
onment on the attempted rape
conviction and two years for
causing harm. The sentences are
to run concurrently.

Although Newbold’s notice
of appeal had been filed 26 days
out of time, the court had
accepted that his lack of legal
counsel at the time had been
the reason for the delay. New-
bold abandoned his appeal
against his conviction, but
appealed the sentence of cor-
poral punishment on the ground
that it is unduly severe.

Newbold’s argument was that
the court ought to have given
consideration to him as a first
time offender and that corpo-
ral punishment is unconstitu-
tional because it infringes his
constitutional rights.

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working in the Straw Market
was recently caught on camera
in a fierce row with another
vendor, which was eventually
posted on the video sharing
website Youtube.com.

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Vendors claim some Haitians have
returned to work in Straw Market

now - then what will we
have?” said a vendor who
wanted to be known simply as
Ms Johnson.

-“The Minister of Immigra-
tion is doing a remarkable job,
but the problem is stemming
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PAGE 10, THURSDAY, OCTOBER 30, 2008 THE TRIBLive

pen i ARAN

In brief

Call for hooks,
DVD and video
flonations for
the BNT's
Jollification

BAHAMIANS are being
asked to donate books,
DVDs or videos to the
Bahamas National Trust for
this year’s Christmas Jollifi-
cation.

The arts and crafts festival ,
will be held from November
22 to November 23 at the
BNT?’s Retreat.

Donated items can be
delivered to the BNT.







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ALL THAT piece, parcel or
lot of land situate in the
Subdivision called. and
known as Yamacraw Shores
Subdivision having the
number (99). Single family
residence. Property size: we
8,221 sq.ft. Building size: rr SS. ON
2,596 sq.ft. Three (3) WA OSS -
-bedrooms and two and a
half (2!) bathrooms.

Colinaimperial Insurance Ltd. will sell as mortgagee under power of sale
‘contained in a Mortgage dated 28th day of September, A.D., 2004.

ALL THAT piece, parcel or
lot of land situate in the
vicinity of Johnson Road
in the Eastern District of

e



the Island of New
“ Providence and having
the Number 5 in the
Valentine's Extension

Number 2 Subdivision.

The Subject Property consist of the following accommodations:- (3) 1 bedroom
apartments each with living room, dining room and kitchen. (2) - 2 bedroom
apartments each with living room, dining room and kitchen.

Colinaimperial Insurance Ltd. (formerly Imperial Life Financial) will sell as
mortgagee under power of sale contained in a Mortgage dated 30th. Day of
November, A.D., 1990, stamped and recorded in Volume 5548 at Pages 90 to
114.

ALL THAT piece, parcel or

lot of land situate in the { \
Subdivision called and
known as Vista Marina S“

Subdivision having the Lot
number seven (7) in Block B®
number sixteen (16) situated 13 BB
in the Western District in the .
island of New Providence. ‘
Residential property size: |
10,500 sq.ft. Building size: ~
4,970 sq.ft. The subject “=<
property is a four bedroom, ~.
two bathroom single storey
dwelling.

Colinaimperial Insurance'Ltd. (formerly Colina Insurance Company) will sell as
mortgagee under power of sale contained in a Mortgage dated 30th day of July,
A.D., 2003.

ALL THAT piece, parcel. or
lot of land situate in the
Subdivision called and
known as Centreville having
the number twenty-two (22)
in Block number fourteen
(14). Commercial/
. Residential. Property size:
@ 10,500 sq.ft. Building size:
3000 sq.ft.



Colinaimperial Insurance Ltd. (formerly The Manufacturers Life Insurance
Company) will sell as mortgagee under power of sale contained in a Mortgage
dated 21st day of December, A.D., 1990 stamped and recorded in Volume 5554
at pages 563 to 578.

ALL THAT piece, parcel. or

lot of land situate in the §
Subdivision called and
known as South Beach ; Se

having the number thirty |
(30) in Block number -five
(5). Single family residence-
Property size: 6,364 sq.ft. |
Building size: 2,133 sq.ft.
Three (3) bedrooms and-two
(2) bathrooms.
Colinaimperial Insurance
Ltd. (formerly The Canada
Life Assurance Company) will sell as mortgagee under power of sale contained
in a Mortgage dated 28th day of March, A.D,, 2001 stamped and recorded in
Volume 8157 at pages 395 to 417,

SA

ALL THAT piece, parcel or
- lot of Jand situate in Section
Three (3) of the Subdivision
2 called and known as Sea
Breeze Estates having the
number Seventeen(17) in
4 Block Number Thirteen (13).

The Subject Property consist
of the following
accommodations:- (3)
Bedrooms, (2) bathrooms,
kitchen, living room, dining
room and utility room.



Colinalmperial Insurance Ltd. (formerly Imperial Life Financial) will sell as
mortgagee under power of sale contained in a Mortgage dated 19th day of
September, A.D., 1984 stamped and recorded in Volume 4154 at Pages 357 to
ort.

| Colinalmperial Insurance Ltd. reserves the right to reject
7 any and all offers.

Interested persons may submit written offers in a sealed
envelope addressed to General Manager, Mortgage
Operations, P.O. Box N3734, Nassau, Bahamas to be
received no later than the close of business on November
30th, 2008.











THE TRIBUNE

THURSDAY, OCTOBER 30, 2008 , PAGE 11

LOCAL NEWS

Derek Smith/BIS



MINISTER OF Education ( Carl 1 Bethel speaks to siden at the National Careers Day, on October 28, 2008, at

the Kendal Isaacs Gymnasium.

Bahamas is ‘in 1 desperate
need of skilled labourers’

@ By ERIC ROSE
_ Bahamas Information Services

THE Bahamas is in desperate need of skilled labour-
ers, especially medical technicians, engineers, plumbers
and electricians, Minister of Education Carl Bethel
said.

Speaking at the opening of National Careers Day on
Tuesday, Mr Bethel said the country needs more than
just doctors and lawyers. .

“We have a terrible need, a critical need, for actuaries
— those who study actuarial science. We need more
engineers. We need more allied health professionals —
persons working in medical technology, doing the lab
work. We need plumbers.

“We need electricians. We need people who can do
carpentry,” he said.

Minister Bethel said that if Bahamian students are
not trained and given the opportunity to see “the dig-
nity that there is in the technical side of education”,
there could be dire consequences for some, including
young Bahamian men.

“No, that is not the Bahamas that we want. That i is
not the Bahamas we desire. That is not the vision we see
for our young men. We want you to come here today
and be exposed to the dignity of hard work,” he said.

National Careers Day, the minister said, is the result
of the commitment of the public and private sectors and
is a valuable educational opportunity for Bahamian
youth.

the National Careers Awareness Month, which was
embarked upon by the Department of Education for
the month of October,” Minister Bethel said at the
National Careers Day opening ceremony at the Kendal
Isaacs Gymnasium.

“Under the direction of the guidance counselling
unit of the special services section, the Department of
Education partnered with other government agencies,
corporate and civic organisatidns to help to alleviate —
some of the challenges facing our students who are
facing the work force.”

‘Mr Bethel said in order for the Bahamas to remain
globally competitive, Bahamians must prepare their
youth with all the skills that will be necessary for them
to play a “meaningful role” in the emerging and devel-
oping economy.

The educating of students, he added, is important to
the further development of the country.

“If we do not do a good job in equipping you with the
skills, the tools, the aptitude, the attitude necessary to
be productive citizens in this democratic society, then
our society would be going on the wrong track,” he said
to the students present.

“So it is important to give you what you need to be
successful.”

The minister told the students that the National
Careers Day will enable them to have access to cutting-
edge information regarding many professions, and will
allow them to spéak with professionals in various fields
and share ideas and network with peers and stake-
holders.





BUTS

“Today is the culmination of a very worthy initiative,



Christian Council demands to screen
every music act coming to the Bahamas

FROM page one

Paul said.

Mr Paul reflected on the late
1970s visit of the late Bob Marley
to the Bahamas, saying that the
country has never been the same
since.

“These artists have a great
influence over our vulnerable
young people in particular. Lead-
ers and especially Christian lead-
ers must therefore be vigilant that
we only encourage those virtues
that will build our nation and not
those that undermine the very
essence of what we seek to
accomplish,” Mr Paul said.

The Christian council said they
are also concerned with the
deceptive nature of the theme
being used for this year’s Millen-
nium countdown concert: Unity
Through Music, God Above All.

“Therefore we must question
the promotion of a theme which
states ‘Unity through music, God
above all’ but showcases artists
whose presentations are directly
opposed to everything eee and
decent.

“The brochures promoting the
event feature scantily-clad women
in very seductive poses and are
engulfed in overtones that incite
sexual connotations,” Mr Paul
said.

that international reports have
revealed the Bahamas is the
world leader in reported crimes of
assault and rape against women.

“We do not need anything that
remotely threatens to detract

from the respect and honour that .

we should show to our Bahamian
women, our mothers, sisters and
daughters, who deserve better.
Our women need to be respected
and protected and not exposed
to further exploitation,” the coun-
cil explained. ;

Mr Frank Forbes, managing
director and proprietor of Sigma
Management, indicated that he
feels the root cause of crime in
the Bahamas is economic.

“We have about 4-5000
Bahamians that are directly
impacted by this concert and
directly receive financial benefit.
If I were not to have this concert

The Christian council indicated

they would be banging on the
doors of the government for some
job or something else,” Mr
Forbes said.

Mr Forbes explained that

-Mavado has.never been convicted

of any crime and may have some
language in a few of his songs that
persons may not approve of.

“I want the Bahamas to be a
safe place, too. If they had just
come to me and said they had a
problem with certain songs then I
would have said I won’t allow him
to perform those songs,” Mr
Forbes said.

Mr Paul made it clear that the
Christian council does wish for
the concert to go forward, but
would prefer if Mavado and
Bounty Killer were not allowed to
perform because of the position
we are now in as a country.

“As a nation we are currently
struggling to keep our young peo-
ple focused, to embrace moral
values that promote community,
decency and respect. In light of
this we call on the government to
not allow these artists to perform
in our country,” Mr Paul said.

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PAGE 12, THURSDAY, OCTOBER 30, 2008

THE TRIBUNE










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LOCAL NEWS

A FAMILY Island hotel is
bucking the current downward
trend in tourism by recording
its best season ever.

Glowing visitor reports on
tripadvisor.com helped Grand
Isle Resort and Spa in Emerald
Bay, Exuma, record its best
October ever.

The 78-villa luxury resort,
consistently ranked number
one in Exuma, is now ranked
number two overall in the
‘Bahamas according to the pop-
ular travel website.

Occupancy at the hotel is up
by more than 50 per cent over
last year this time, and the
hotel is set to open its newest
addition, a full-service spa, in
just a few weeks. i

“The results surprised us a
bit too, given what we keep
hearing in the marketplace,”
said James Clabaugh, president
of EGI Limited, the developers
of the Exuma condo hotel.

“T am not sure what to
attribute it to except word of
mouth and people appreciat-
ing quality. The tougher the
times, the more discerning
those who can spend become.”

Located just a few steps from
the beach and the Greg Nor-
man Golf Course in Emerald
Bay, Grand Isle’s rates are not
for the “faint of pocket.”

Rates start at nearly $500 a
night for a one-bedroom villa
and climb to almost $4,800 for
a 5,400-square foot, four-bed-
room penthouse.

Grand Isle hotel executives
are now worried that there will
not be enough seats on enough
planes to deliver guests who
want to book during the height
of the holiday season through
Spring, when the newly
expanded wedding packages
are expected to lure more
guests with families and
friends.

“We also have a new web-
site which we have received a
lot-of compliments on, and
recently, we have had several
guests check in saying they
chose Grand Isle after reading

the reviews on
tripadvisor.com,” said Mr
Clabaugh.

Tripadvisor.com is a popu-
lar website, which those in the
industry say can “make you or
break you” by its posting of
frank visitor reviews, which are
frequently more negative than
glowing.

However, reviews of Grand
Isle have been so positive. that,
for the past few years, the

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resort has consistently ranked
number one in Exuma. Recent-
ly, it moved up to number two
overall in the Bahamas, rank-
ing second only to Rock
House, a nine-room boutique
inn in Harbour Island.

Despite Grand Isle’s success,
operating the resort in a tight
leisure travel market is a con-
stant balancing act between
cost containment and deliver-
ing quality.

“Operating a condo hotel
where revenue is split with unit
owners and satisfying the
requirements of a high-end
resort means constant vigi-
lance, particularly in this mar-
ket where fuel costs are unpre-






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dictable and where resorts are
vulnerable to other forces dri-
ving demand,” said Shervin
Penn, assistant manager.

“We have done some re-
structuring, outsourcing some
areas of operations to Exuma

‘ businesses, and we continue to

look for ways to control
expenses while maintaining the
highest level of service. Service
is our top priority so we con-
stantly engage in training.
That’s one area where you can-
not trim costs. It is ongoing and
essential. Looking ahead, we
would like to think our biggest
problem next year will be per-
suading airlines to increase air-
lift,” she said.






Due to popular demand The Bahamas School of
Marine Navigation announces the commencement of

an. additional
Seamanship Course

session of the

Marine Safety/
Saturday, November

Ist, at 10am at BASRA Headquarters on’ East

Bay Street. The course runs. seven Saturdays
(Nov. Ist - Dec. 13th) with classroom lectures from
1000-1200 and practical time aboard the boat from

1300-1500.

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and contact information.












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THE TRIBUNE THURSDAY, OCTOBER 30, 2008, PAGE 13

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THE TRIBUNE



oyey VA ;

Presenting Letters
of Credence

PAUL Farquharson, Bahamas
High Commissioner to London,
presents his formal Letters of
Credence to President of the Ital-
ian Republic Giorgio Napolitano,
accrediting him as Ambassador
of the Commonwealth of the
Bahamas to the Italian Republic,
with residence in London.

Mr Farquharson presented his
Letters of Credence during a cer-

-emony at the Quirinale Palace in

Rome, the official residence of
the president of the Italian
Republic.

He was accompanied at the
ceremony by Nicole Archer, first



assistant secretary and vice coun-
sul with the Bahamas High Com-
mission in London.

Following the ceremony,
Ambassador Farquharson met
with President Napolitano and
his advisors in the president's
office where they discussed mat-

Quirinale Palace, Rome

ters of mutual interest to the
Bahamas and Italy.

Pictured is Ambassador Far-
quharson officially presenting his
Letters of Credence to President
Napolitano (right) during the cer-
emony on Wednesday, October
15, 2008.

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THE TRIBUNE

US Embassy employees support blood drive for Doctors Hospital

THE US Embassy has held
another successful on-site blood
drive to assist with replenishing
the blood bank at Doctor’s Hos-
pital.

All US government agencies
were represented in the blood dri-
ve including 21 American and
Bahamian employees

The emba
Ruth Cloud s Hospi-
tal medical technicians Zonja
Bain and Desaree McKenzie co-

red nurse

ordinated the effort, which took
place last Thursday.

Nurse Cloud told the embassy
volunteers: “Your blood is price-
less — it cannot be bought. By giv-
ing of your time in this: selfless
way, you have already saved lives
and improved the health of those
in need of blood”.

After donating blood, one of

the volunteers, Kishawn Creque,
said: “I simply wanted to help out.
There may me someone in dire

need of blood and I just wanted
to do my part.”

US Ambassador Ned L Siegel
thanked all of the employees who
took time out of their busy work
schedules to donate blaod. He
added that on a consistent basis,

the staff demonstrates their will-
ingness to participate in the
important life-saving initiative.

At the end. of the blood drive
16 pints of blood were collected
and donated to Doctor’s Hospital
to replenish its blood bank.

THURSDAY, OCTOBER 30, 2008 , PAGE 15

AN EMBASSY

) volunteer
donating
blood
assisted by
Doctor's
Hospital

1 technician

| Zonja Bain.

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‘Amigo’s Fund’ established

THE TRIBUNE





to honour beloved potcake

THE Humane Society of Grand
Bahama (HSGB) and its hon-
ourary chairperson Frances Singer-
Hayward have announced the
establishment of the ‘Amigo’s
Fund’- a charitable trust in hon-
our of the late potcake star Amigo.

The fund will benefit the ani-
mals of Grand Bahama and the
entire Bahamas, and ultimately, it is
hoped, of other countries as well.

The HSGB said that Amigo’s
Fund was established “to give sec-
ond chances to animaus like Amigo,
who because of abuse and neglect
require extensive medical rehabil-
itative care at a cost that is not
always an option given the high
volume of homeless animals
brought to the Humane Society of
Grand Bahama and Humane Soci-
eties throughout the Bahamas.”

This situation is exemplified by
the story of Amigo himself, a for-
mer stray potcake found in the

most pitiful condition who, rescued
and rehabilitated, went on to
become a poster dog for the HSGB
and all of its programmes.

Amigo also became a ‘superstar’
in the Bahamas and Ambassador
of Hope on behalf of homeless and
challenged animals.

“Tt is hoped that Amigo’s Fund
will thus enable HSGB and other
like-minded organisations to be
able to save the lives of many more
deserving animals who normally
would face an uncertain future due
to lack of funds to pay for dealing
with their tragic condition,” the
HSGB said.

In addition, the fund will help
to support spay and neuter initia-

.tives “of which Amigo was such a
compelling and inspiring represen-
tative during his lifetime.”

The fund will also serve to help
charitable efforts into the broader
areas of animal welfare through-

out the Bahamas and elsewhere.

“T am so thrilled for Amigo, as
this is the ultimate fulfillment of
his mission — that of making the
world a better place for potcakes
and all animals,” said Mrs Singer-
Hayward.

“Tt is so incredibly touching to
me that Amigo and his story
touched so many hearts, and that
wherever I go, people speak to me -
of him.

“Amigo’s Fund honours
Amigo’s legacy and his wonderful
contribution to the betterment of
animal life, as their endearing and
charismatic ‘rep,’ raising awareness
to the tragic plight of so many ani-
mals in the Bahamas and the world
over, and I can only hope and pray
that there will be many more “Ami-
gos’ who are saved and given the
love and care that they so deserve
as a result of his and our efforts.”

Managing. director of the

~ Humane Society of Grand Bahama

Tip Burrows said, “On behalf of

gthe Humane-Society of Grand

* Bahama, we Wwe are very excited about
the establishment of Amigo’s Fund,
which is a wonderful tribute to
Amigo’s memory.

“Hopefully this fund will allow
us to save many more animals, like
» Amigo, who come to us in such
“wretched and yet treatable condi-
tion if we were only to have the

“‘resources-to_help them. We hope

the public will support this initia-

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THURS SDAY, OCTOBER 30,

Financial sector
may ‘be finished
in five years’

@ By NEIL HARTNELL

Tribune Business Editor

THE Bahamian financial ser-
vices industry could be “finished
within five years” due to neglect
by successive governments, a
sector executive predicted yes-
terday, explaining that a “per-
fect storm” was brewing around
this nation’s second most-
important industry.

Paul Moss, the activist seek-
ing the PLP St Cecilia nomina-
tion at the next general elec-
tion, and who runs his own
finance business, Dominion

* Industry executive says successive governments
have ‘left sector on life support in need of radical
surgery’, and at mercy of Obama and EU attacks

* Calls for Bahamas to abandon ‘no income tax’
model and opt for double tax treaties, as cannot
afford to be branded ‘tax haven’



Management Services, told Tri-
bune Business that the Bahami-
an financial services sector was
facing potential threats from the
likely election of Barack Oba-

ma as US president and
renewed European enthusiasm
for targeting international finan-

SEE page 4B

‘Six or seven’ new financial
laws to come by year’s end

- Mi By NEIL HARTNELL
Tribune Business Editor

THE Government is aiming
to bring to the House of Assem-
bly, “hopefully even by the end
of the year”, some “six or sev-
en” new pieces of financial ser-
vices legislation designed to
chiefly clarify concerns raised
by the Caribbean Financial
Action Task Force (CFATF) in
its last anti-money laundering
assessment on the Bahamas.

Zhivargo Laing, minister of

Zhivargo Laing



Customs to need
most EPA reform

@ By NEIL_HARTNELL
Tribune Business Editor

THE Economic Partnership
Agreement (EPA) will provide
the impetus for “meaningful
reform” of Bahamas Customs, a
government minister telling Tri-
bune Business yesterday that
this would usher in greater
accountability and transparency
in the department’s processes.

Zhivargo Laing, minister of
state for finance, said the Cus-
toms reforms required to fulfill
the Bahamas’ obligations under
the trade agreement with the
European Union (EU) would
benefit this nation regardless of
whether the EPA existed or
not.

Legislative and administra-
tive reforms related to the Cus-



Changes to bring
greater efficiency,
transparency and
accountability,
minister says, aiding
business community
and Bahamian public

toms Department and its pro-
cedures would likely be the area
requiring most change, Mr
Laing said, given the import
duty-based nature of ‘the
Bahamian tax system and gov-
ernment’s reliance on Customs
to generate 60 per cent of its
annual revenues.

He was, though, unable to
give a date for when the
Bahamas would take the first
step to implement the EPA
agreement it signed'on Octo-
ber 15, namely bringing to the
House of Assembly an EPA

SEE page 6B




Workshop
postponed

_ The Development of A ttrac-
tions workshop that architect
Patrick Rahming, of Patrick
Rahming & Associates, aimed
to host ‘this Saturday at the
Our Lucaya resort has been
postponed and is likely to be
rescheduled to January 2009
to coincide with National
Tourism Week.








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state for finance, said that since
it took office in May 2007 it had
been assessing the CFATF
report and “moving towards
implementing those recom-
mendations which we believed

were reasonable and doable”.

Such a proactive approach,
he added, would ensure the
Bahamas remained in line with
international best practices and
regulatory standards, helping to
provide a potential defence

SEE page 4B

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" Gua loss ‘doubles’

M@ By NEIL HARTNELL
Tribune Business Editor

able Bahamas yesterday said sub-

scriber churn, and customer dis-

connections, “doubled” in the 2008

third quarter compared to levels

experienced in the first half and
year-end 2007, indicating Bahamian consumers
are “feeling the pinch” and “some challenging
times” lie ahead.

Barry Williams, the company’s vice-president of
finance, told Tribune Business yesterday that the
8.3 per cent revenue growth the BISX-listed firm
had enjoyed for the first nine months in 2008 had
largely been driven by growth in the Internet
and data segments of its business.

“On the cable side, we have been seeing some
drop-off in the basic as well as premium ser-
vices,” Mr Williams told Tribune Business.

for Cable during Q3

* Internet and data revenues
compensate, up 11% and 20%
respectively for first nine
months in 2008
* Company spends $18m on capital
investment in first three quarters

than in the third quarter. I attribute that to what’s
been happening in the economy. It’s been a con-
tinuing drop in the last couple of months on the
cable side, and indicates some challenging times
ahead.”

Some Cable Bahamas customers, such as those
at Pepsi-Cola, will have lost their jobs, while oth-

' ers in the hotel industry will have been placed on

t and second quarters to the third quarter.

“We’ve seen some drop when comparing the
bees: from those two quarters were higher

reduced work weeks. That, coupled with reduced

SEE page 7B

$150m project’s multi-
million tax dollar boost

@ By CARA BRENNEN-
BETHEL
Tribune Business
Reporter



A NEW $150 million exclu-
sive residential development on
Paradise Island is expected to
generate $13.5 million in stamp
tax revenues for the Govern-
ment, it was said yesterday, as
well as an additional annual $1.5
million in real property taxes
once completed.

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currently under construction. It
is expected to be completed by
next summer.

Prices for residences in the
nine-storey complex range
between $1.4 million for a
ground floor two-bedroom unit
to upwards of $3 million for a
ninth floor two-storey. pent-
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Albert Ballard, a Peace Hold-
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SEE page 5B




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PAGE 2B, THURSDAY, OCTOBER 30, 2008

THE TRIBUNE



BUSINESS



BEC: ‘No objection’ to
fuel surcharge review

THE Bahamas Electricity
Corporation’s (BEC) chairman
yesterday said the Corporation
had “no objection” to an inde-
pendent body reviewing its fuel
surcharge calculations and how
they were arrived at.

Responding to comments
made by Dionisio D’Aguilar,
the Bahamas Chamber of Com-
merce’s president, in Tribune
Business on Wednesday, Octo-'

ber 22, 2008, Frederik Gottlieb

Z

ability

Vv

Skills and Requirements

said in a statement that he was
surprised at the suggestion of a
lack of transparency on BEC’s
part when it came to calculating
fuel surcharges on consumer
bills.

“BEC has no objection to an
independent body, possibly
under the auspices of the Cham-

~ ber of Commerce, reviewing the

relevant information regarding

. the calculation of the fuel sur-

charge as the Corporation has

nothing to hide and is willing
to assist the public as best it
can,” Mr Gottlieb said.

BEC’s general manager,
Kevin ‘Basden, added: “Elec-
tricity generation, and the
mechanics and finances of
obtaining an oil supply in the
international marketplace, are
subjects not easily understood

‘by persons who are not in the

energy business.
“For this reason, BEC con-

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THE CHRISTIAN BOOK SHOP

MARANATHA MUSIC CENTRE

Rosetta Street & Mt. Royal Avenue
Telephone: 322-1306/325-4969

THE CHRISTIAN BOOK SHOP

Robes, Cler,

“Communion Ware,

*Sale Excludes:

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ahamian Author’s/Artist

Products and already sale priced items

MARANATHA MUSIC CENTRE

* Sale Excludes:

already sale priced items

Friday October 31st - Saturday November Ist
Store hours: Monday-Saturday 9:00am-5:30pm





tinues its efforts to explain the
oil situation which makes the
fuel surcharge necessary, and
to explain the fairness of the
calculation of the surcharge.”

However, explaining how
BEC’s fuel surcharge worked,
Mr Basden said: “BEC wishes
to confirm that the cost of the
fuel is calculated on a five-day
bill of lading (the average of
two days before, the day of, and
two days after) based on the
international postings at that
time.

“Therefore, the price shown
today will not necessarily be
consistent with the price at the
time of the bill of lading, as
there is a delay between the
time the oil is loaded on a ship
and when it, is used by BEC.
Corporation’ policy is ‘first in,
first out’, which is standard and

JONES & CO

necessary business practice. This
means that existing inventory
is used first and the fuel sur-

charge is billed according to '

what was paid for the oil that
generated the electricity reflect-
ed in a particular billing.”

Mr Gottlieb added: “Like
countries great and small across
the globe, the Bahamas is con-
fronting very challenging eco-
nomic times. Corporations
worldwide, including BEC, are
also feeling the financial blow.
Few, if any, are exempt.

“The Bahamas Electricity
Corporation believes that our
situation is best served by trans-
parency, reliable information
and cooperation from all sec-
tors of the economy to find
viable solutions.

“Unfounded statements can
only delay our joining together

to map out the way ahead. I
reiterate that BEC, its Board
and management are open and
ready to provide information,
and to forge partnerships to
strengthen our service to our
customers and this country’s
economic base.”

Mr Basden added: “The way
ahead definitely involves a revi-
sion of the way Bahamians
think about and use energy. We
must be conscious of the elec-
trical appliances we buy and the
amount of energy they con-
sume. We must all be concerned
to reduce energy waste.

“The more people we get on
board with electricity conserva-
tion, the more we improve our
chances for lower oil consump-
tion in generating electricity
and, as a result, for lower fuel
surcharges for customers.”

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THE TRIBUNE



Family Island hotel §
arrivals at ‘standstill’ &

@ By CARA BRENNEN-
BETHEL
Tribune Business
Reporter

TOURISâ„¢ arrivals on the
Family Islands have dwindled
alinost to a “standstill”, during
what is already the slowest part
of the hotel year, leaving resorts
reeling from the pinch of the
current economic climate .

Margot Cleare, owner of the
16-room Orange Creek Inn,
told Tribune Business yester-
day that Cat Island was oper-
ating on two speeds: ‘go slow’
and “full stop’.

“JT have a 16-room inn and I

do not have a single guest right
now. If it was not for the fact
that I also have a small food
store, I do not know how I
would make it. The food store
has to carry the weight and even
with that, I have to be careful
with how much I order and look
at expiration dates,” Ms Cleare
said,

Property

She added that even though
the property was not earning
any revenue income, she stil!
has to ensure it is maintained,
which is costing money.



“LT have still have to keep the
rooms up, and keep one girl on
to help with the hotel. The rest
of the time, she is in the store,
and even with the food store
people are only buying necessi-
ties,” Ms Cleare said.

Resorts

She added that two of Cat
Island’s resorts, Fernander Bay
and Sammy T’s, had closed for
the season.

“T do know that there is noth-
ing happening in Cat Island
right now, and Continental is
not up and running yet,” Ms
Cleare said.

She added that if business
was to pick up, it will likely be
after the Thanksgiving holiday
and once things settle down fol-
lowing the US presidential elec-
tion next week.

“I think we have to hope that
the US has a bad winter,
because when the weather is
bad, Americans travel,” Ms
Cleare said. She added that the
biggest challenge right now was
the escalating cost of oil, which
has driven up all prices tremen-
dously.

“Lsaw the electricity bill for a

pensioner on Cat Island, who
fives tn a one-bedroom home -

A Prestigious Private Members Club
is seeking

SOUS CHEES . wo

The successful candi
working in this position

dates should have been
for at least Two (2) years.

- Interested candidates are invited to submit a |
complete resume inclusive of a cover Letter to:

The Director, Human Resources
Lyford Cay Club

Nassau,

Bahamas

Fax: 362-6245











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just a small little house.,” she
said. “The bill was $35.70 and
the surcharge was $55.60, mak-
ing his bill $91.30. How is a pen-
sioner receiving $200 a month
supposed to be able to survive,
if his bill is half of his income.
The Government has to do
something more than what it is
doing.”

According to an employee
at the Lighthouse Yacht Club
and Marina in Andros, while
September, October and early
December were always slow,
things have reached new lows.

“It is always slow this time,
but right now it is beyond slow.
It has never been this bad.
Right now it is almost like
things are at a standstill,” she
said.

Employee

The employee added that
very few guests were staying at
the resort, and there were very
few boats in the marina.

She further said that like their
counterparts in Nassau and oth-
er islands, the resort is likely to
see their days scaled back to
about two days a week.

“Edo noi know how Christ-
mas will look. but we are hoping
that we will see a strong sea-
son,” she satd.

Family tstand resorts have
particularly been impacted by
the mse in Operating costs and
the downturn tn arrivals due to
the skyrocketing costs of oil,

‘The ‘fvibune wants to hear
from people who are
J making news in their
neighbourhoods. Perhaps
you are raising tunds fora
! cood cause, campaigning
§ for improvements in the
f area or have won an
award.
If so, call us on 322-1986
and share your story.



When you book
your travel with us
And Rent A Car With

®

elena colle

Use your local credit. card.
Tickets are Eat locally,

“Ta: 242.328: ro | 242.328.0257 ; Pe 302 7371 | en Ba meh
Fax: 242.325.6878 | www.premiertravelbahamas.com



THURSDAY, OCTOBER 30, 2008 , PAGE 3B



and their lack of resources to
help them deal with these
issues.



A leading retailer is seeking applications for the position of

HUMAN RESOURCES MANAGER

BASIC REQUIREMENTS

° Two years experience as a Human Resources Manager or similar position
e Excellent Oral and Written Communication Skills

e Proven organizational and planning capabilities

° Assertive, energetic individual with the ability to motivate others

¢ Strong Interpersonal skills and willingness to be a team player

¢ Must be multifaceted and prepared to work flexible hours if necessary

SUMMARY OF DUTIES

¢ Recruitment of staff

e Monitor disciplinary procedures

¢ Formulate Job Descriptions

e Design and implement training programs
e Administer established procedures

The Successful candidate will become a part of a growing and progressive organization
capable of facing challenges. Benefits include a comprehensive medical and life
package. Salary is commensurate with qualifications and experience.

Interested persons may forward a copy of their resume, in confidence to:

Please submit your resume in confidence to:

The Managing Director
P. O. Box N-623
Nassau, Bahamas
Fax: 322-6607 / 328-5902



BAHAMAS DEVELOPMENT BANK
Cable Beach, West Bay Street,
P.O.Box N-3034
Nassau, Bahamas
Tel:(242) 327-5780/327-5793-6
Fax:(242) 327-5047, 327-1258
www.bahamasdevelopmentbank.com



The general pubilc is invited to attend Bahamas Development Bank’s sale of repossessed

assets,
ASSETS
Electronic Equipment Tables
e = {1} Compag Presario Computer Tower Q) (1) Wood Table {Round)
e (1) Canon Canoscan N640D EX Scanner (5) BlFold Tavies (Rectangle)
® 1) Whirl Microwave (1) Marble Table (Rectangle)
» - Tee Cash Register Freezers
® — (1) Epson Stylus Pro 9600 Print Engine (1) Two Door Chest Freezer
« {1} HP DeskJet 656c Printer (Desktop) (1) Single Door Chest Freezer
« {1} Monitor (1) Double Door Refrigerator
« (1) 1820 Epson Stylus Color Printer (1) Single Door Cooler ,
» — {{) Keyboard at Mouse
"« (1) Brothers Printer {4) Shampoo Bowls
« (1) Samsung Digital Camcorder (1) Nall Table with (2) Cabinets
« (1) Dell Scanner at Printer (3) Nail Tables” .
Machinery (8) Nail Stools
= (4) Chrome Juice Filler (2) Facial Beds (White)
* (1) Multt Frott Julcer {7} Facial Machine
* (1) Chrome Mixer (5) Hair Dryers
» (1) Dell Showcase (1) Pedicure Set
» (4) Four Burner Stove (5} Hydraulic Styling Chairs
« (1) Janome Monogram/Embroldery Sewing Machine (4) Shampoo Chairs
‘» (1) Singer Quantum XL150 Sewing Machine with Serger
* (1) Singer Sewing Machine ‘ (2) Tech Work Benches
* (1) Quilting Sewing Machtne (1) Alternator Test Bench
Agortment of Items {1} Paint Booth
e = (13) White Bi-Fold Chalrs (1) Rivet Machine
© — {1) 42 gal Electric Water Heater (1) 6” Storage Cabhiet
» (2) Breakfast Nooks (1) 4" Tool Cabinet N
« — Towel Warner Brake Washer ’
e Sterilizer Sand Blaster fi
« (3) Maroon Banquet Chairs Vari-Drive :
» — {f) Tec Cash Register
e Cooking Utensils Pots, Pans ax Places x
6 .¢ Fan Exhaust K
Location: Inland Steel, Sumner Street off Solider Rd.
Nassau, Bahamas
Direcelons: Exit Abundant Life Road tum right onto Solider Road then the first |
feft onto Summer Street tenth two storey white & blue bullding on
the left
Date && Time: 10:00a.m, ~ 4:00p.m. ~ Saturday November 1, 2008

All assets are sold as ls where is for cash, cashier’s cheque. No purchase(s)
will be released unell paid in full.

For additional Information telephone 727-5780, the Bahamas Development Bank reserves the right to
reject any or all offers.



PAGE 4B, THURSDAY, OCTOBER 30, 2008

THE TRIBUNE



a a ee ee ae SS ne ee eae
‘Six or seven’ new financial laws to come by year’s end

FROM page 1B

against efforts in Europe to revive the
OECD’s ‘harmful tax practices’ initia-
tive and European Union (EU) Savy-
ings Tax Directive.

Mr Laing said yesterday that in
response to the CFATF’s report on
the Bahamas’ anti-money laundering
and anti-terror financing defences, the
Government had moved parliamen-
tary legislation to ratify the Palermo
Agreement, which is the United
Nations (UN) Convention Against
Transnational Organised Crime.

The Palermo Agreement was a com-
mon “thread” running through the
CFATF’s report on the Bahamas and
the recommendations it made, Mr

_ Laing said.

In addition, recent reforms to the
Central Bank of the Bahamas Act, and
bringing Bahamas-based money trans-
fer businesses under the Central Bank’s
regulation, were also responses to the
CFATF’s recommendations.

The lack of oversight for money
transfer businesses had been among

the most serious deficiencies the
CFATF, the regional affiliate of the
Paris-based Financial Action Task
Force (FAT! , which ‘blacklisece” ihe
Bahamas in 2, “0, had identified.

“You will see us moving on some-—-~

additional pieces of legislation with a
view to responding to some of the
things” in the CFATF report, Mr Laing
told Tribune Business. “There are at
least six or seven n other pieces of legis-
lation.”

The minister said the forthcoming
Bills were “not major”, being designed
to clarify aveas where the CFATF felt
Bahamian law was not clear. Mr Laing
said in these cases, the regional watch-

- dog felt this nation’s laws did not do or

provide for certain things, whereas the
Government felt it did.

“There is no harm in ourselves mak-
ing clear that the law does that,” Mr
Laing added. When asked when the
planned legislation would be brought
to the House of Assembly and the Sen-
ate, he said: “Soon, hopefully even by
the end of the year. We’re really only
waiting to get some additional feed-

back from the industry.

“Some of the amendments we are
seeking to make are emerging from
the industry also. They have some
improvements they wish to make.”
Among the legislation being work
on is the Securities [Industries Act and
its accompanying regulations, which
the Securities Commission wants to go
out for consultation by year-end.

Meanwhile, Mr Laing said it was
“not a surprise” that European nations
were seeking to use the current global
financial crisis as an excuse to renew
their attack on international financial
centres, saying it appeared that the
Bahamas got “roped” into this regard-
less of the reality.

‘He was responding to Eric Woerth,
France’s minister for budget, public
accounts and the civil service, who sin-
gled the Bahamas out for special atten-
tion at a recent EU meeting in Paris,
naming it alongside the Cayman
Islands; St Kitts and Nevis and Samoa
as «. State that had not implemented
its so-called transparency and tax infor-
mation exchange commitments given

to the OECD over its ‘harmful tax
practices’ initiative.

Mr Woerth, though, ignored the fact
that the EU appeared to be abandon-

_ing the ‘level playing field’ concept that-~-

was agreed in relation to the OECD
initiative, instead accusing the
Bahamas of being a nation that “offers
zones of opacity that facilitate fraud”.
In relation to the French minister’s
comments, Mr Laing said: “We cer-
tainly take note of it, because as far as
we’re concerned we have done - and
have made - great progress in respect
of what our regulatory standards used
to be compared to what they are now.
’ “We did benchmarking, and in some
instances our standards exceed those of
many OECD countries. But we under-
stand the environment we are in.
‘Whether the reality exists or not, it
is felt there is a necessity to rope the
Bahamas in because it is one of the
major financial centres in the world.”
On the EU’s attempts to revive the
stalled OECD initiative, Mr Laing
added: “It is not surprising to us that

that could arise from this situation,
notwithstanding that this crisis had its
genesis in a developed country’s finan-
cial system.

-~ We expected impetus to be given to —

an assessment of the global financial
system and a new look taken at off-
shore financial centres. That did not
surprise us at all.

“From our point of view, we have
been, since 200, doing a number of
things to provide for a higher level of
regulation in our jurisdiction.

“We’ve continued to examine the
CFATF report, and are pursuing those
recommendations we can pursue with-
out compromising our competitive
edge, trying to maintain that very chal-
lenging balancing act.

“We’re not ceasing to look at our-
selves and ensure our standards are in
keeping with international regulatory
standards. Quite frankly, it seems we
are a little bit ahead of the curve in
that regard. Certainly, under our
regime, we’d done some thing neces-
sary to elevate regulatory standards
and put ourselves ahead of the game.”

SECTOR, from 1B

cial centres.

And ‘he urged the Bahamas
to abandon its existing business
model, which was focused pri-
marily on ‘no income taxes’ and
enabling private wealth man-
agement clients to avoid home

country taxes, and instead go
down the double taxation treaty
route.

“T see the gathering of a
storm coming right now,” Mr

Moss told Tribune Business.

“The prediction I have is,
because our leaders have done

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IN THE SUPREME COURT
COMMON LAW AND EQUITY DIVISION

NOTICE

nothing over the last 10-15 years
with regard to financial services,
we are likely to lose the finan-
cial services industry within the
next five years.

“It is because they [ succes-
sive governments] have done
nothing. They have down on
the beach with their heads in
the sand , not understanding the
seagulls and vultures are cir-
cling financial services.”

Mr Obama has made no
secret of his intention to reclaim
tax revenues he alleges are
being lost, due to US compa-
nies and individuals moving
wealth into so-called offshore
centres, having co-sponsored
the Stop Tax Haven Abuse Bill
while in the Senate. That Bill is
still alive on the Senate floor,

and likely to gather pace if

Democrats control both houses
of Congress and the White
House.

Meanwhile, the European
Union (EU) and its member

nations have made no secret of

their plans to exploit the cur-
rent global financial system cri-
sis to revive the OECD’s ‘harm-
ful tax practices’ initiative and
EU Savings Tax Directive,

launching a full-frontal assault
~ on international.financial cen-

tres.
Mr Moss described this to

2007

CLE/qui/No.1281

The Quieting Titles Act, 1959

The Petition in The Estate of the late Margaret V. Campbell in respect of:-

?

ALL THAT piece or parcel of land situated in the Eastern District of the Island of New
Providence, one of the Islands of the Commonwealth of The Bahamas containing Five
thousand and Eighty-eight (5,088) square feet being bounded on the NORTH by land
owned by Doris Smith and running Eighty two and fifty three hundredths (82.53) feet
on the EAST by land owned by Anthony and Helen Carroll and running thereon Sixty-
eight and Seventeen hundredths (68.17) feet on the SOUTH by land owned by Faye
Ramsey and running thereon Eighty hundredths and Fifty seven (80.57) hundredths
feet and on the WEST by Fowler Street and running thereon Fifty seven and Two

hundredths (57.02) feet.

The Petitioner claim to be the owner in fee simple estate in possession of the parcel

of land hereinbefore described and free from encumbrances. The Petitioner has made

application to the Supreme Court of the Commonwealth of The Bahamas under Section
3 of The Quieting Titles Act, 1959 to have their title to the said land investigated.

Copies of the file plan may be inspected during normal hours at:-
1. The Registry of The Supreme Court; and

6

2. The Chambers of Messrs. Ferreira & Company # 38 Kemp Building , East

Street, North.

NOTICE IS HEREBY GIVEN tthat any person having dower or right to dower or
any adverse claim or a claim not recognized in the Petition shall before the 29th day
of November, A. D., 2008 file in the Supreme Court and serve on the Petitioner or the
undersigned a Statement of such claim I the prescribed form, verified by an Affidavit

to be filed therewith. Failure of any such person to file and serve a Statement of such
claim on or before the 29thday of November A. D., 2008 will operate as a bar to such

claim.

FERREIRA & COMPANY

Chambers
#38 Kemp Building
East Street North
Nassau, The Bahamas

Tribune Business as “the per-
fect storm”, and added that
both the US and EU were
“going to come” after this
nation “if they believe the
Bahamas has what they say it
has. They’re going. to come and
get it. Everyone’s looking tor
taxes to insure against what’s
going on in the world”.

And he added: “The Bahami-
an financial services industry is
finished. It’s on life support
now..... We can expect to be like

Jamaica, where crime is out of

control, and like Haiti, which is
a basket case, because the
tourism product is failing.

“Our leaders have done noth-
ing to change the boundaries,
and we will pay dearly for it.,
and pay dearly for it very soon.

“The financial services indus-
try is on life support right now,
because those that tended to
the care of the system did not
pay attention to it. They did not
pay attention to the patient, and
now We're required to put it to
rest, unless we adopt radical
surgery and cut away the notion
of a ‘no tax’ jurisdiction.

“The antidote right now
would be for the Government
to Call in players in the financial
services industry who under-
stand what’s going on, because
We cannot continue to be called

this is happening. We fully recognised

a ‘tax haven’ or even identified
as such.”

Mr Moss’s views on the
Bahamian financial services
industry’s future are likely to
be controversial, and many will
disagree with him.

To secure the sector’s future
as the second most-impartant
contributor to the Bahamas’ per
annum gross domestic product
(GDP), Mr Moss recommended
altering its model to one based
upon double taxation treaties.

Not only would this give the
Bahamas respectability in the
eyes of an Obama-led adminis-
tration and the EU, but Mr
Moss said it would remove the
‘tax haven’ branding stigma and
potentially allow this nation to
attract strong capital inflows
linked to foreign direct invest-
ment.

Double taxation treaties
ensure that assets/funds are
taxed in only one jurisdiction,
rather than two. If the Bahamas
had such a treaty, assets domi-
ciled here would be taxed at a
lower rate in comparison to, say,

_the EU, and not taxed when

they. were zepettiated to

- Europe.

“We have to start nepotide:
ing double taxation treaties with
other nations. We have to be
proactive now and go with this

thing,” Mr Moss told Tribune
Business.

“I can predict this. If the Gov-
ernment does what I’m sug-
gesting, instead of seen an exo-
dus from this jurisdiction, they .
will see an increase in people
coming here because people
feel better about paying their
taxes.”

The key, Mr Moss said, was
for the Bahamas to adopt a rel-
atively low income tax rate so
foreign companies, individuals
and assets here could be taxed
at a lower rate than in their
home countries, then legally
avoid tax when funds were
repatriated.

Most clients, he added, want-
ed to be tax compliant and pay
taxes, as long as the rates were
not “exorbitant”.

This approach, Mr Moss sug-
gested, would remove the
Bahamas from the Obama and
EU hit-lists, and “provide the
resources this couniry desper-
ately needs”.

To date, he added that most
investors coming into the
Bahamas had been “realtors”,
selling land in exchange for

’ Bahamian jobs. The double tax
route, he added, could see real
capital inflows coming into this
nation for investment and infra-
structure purposes.

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THE TRIBUNE

THURSDAY, OCTOBER 30, 2008, PAGE 5B



ae i ee ee
Tightened credit terms could hurt credit scores

@ By CANDICE CHOI
AP Business Writer .

NEW YORK (AP) — Don't
throw out that letter from your
credit card company. It may be
notifying you of a reeled in
credit line, interest rate hike or
even an account closure.

In this recessionary climate,
credit card companies across
the board are tightening the
reins on card holders to mini-
mize their exposure to risk.
Such actions could hurt your
credit score and, in turn, your
ability to get an auto loan, mort-
gage or even another credit
card. So heading into the holi-
day shopping season, make sure
you're aware of any changes to
your credit card terms.

In coming weeks, : for
instance, American Express is
instituting a broad-based inter-
est rate hike of two to three per-
centage points on card holders.
The hikes are the result of an
expected rise in charge-offs, or
balances written off as not being
paid, the company said earlier
this month.

Across the industry, credit
card charge-off rates rose to 6.8
per cent in August, a 48 per cent
jump from the same period last
year. According to Moody's

Investors Service, it was the’

' 20th consecutive year-over-year
increase.

Moody's expects charge-offs
across the industry to continue
rising into next year, eventually
surpassing peak rates seen dur-

ing past recessions.

Further pressuring credit card
companies are new industry
regulations set to be adopted
by the Federal Reserve later
this year. One proposed regu-
lation, for instance, would ban
credit card companies from rais-
ing interest rates on existing bal-
ances.

"The new regulations are
going to hamstring (card com-
panies') ability to manage
accounts the way they have in
the past," said John Ulzheimer,
president of consumer educa-
tion for Credit.com.

To protect your credit score
through these times, keep these
points in mind.

WHAT TRIGGERS
A CHANGE

Even if you're not doing any-

’ thing differently, lenders may ~

be clamping down on your
account. That's because credit
card companies are re-evaluat-
ing their criteria, said Carol
Kaplan, a spokeswoman for the
American Bankers Association,
an industry group.

In a robust economy, for
instance, a $15,000 balance may
not have triggered any alarms.
Today, it may be reason for a
higher rate or a lower credit
line, Kaplan said.

Other reasons lenders may
tweak terms inciude late pay-
ments, partial payments,
exceeding credit limits — even
if such behavior didn't provoke
changes before.

$150m project’s

FROM page 1B

dent of the Bahamas, said that
even with the worldwide eco-
nomic slowdown, there was sig-
nificant sales activity.

Robert Rose, Ocean Place’s
executive director of market-
ing, said that of the 79 units,
some 49 have been either sold
or are under contract, proving
that the Bahamas remains a
destination considered as a
haven for safe investment.

Mr Rose explained that the
development was unique in that
each resident has two designat-
ed parking spaces, and direct









references to:

access to their homes via ele-
vator without a common lobby.

Through the work of a
Bahamian company, Residen-
tial Automation, residents will
be able to access valet parking,
reserve golf and spa time, and
make reservations for restau-
rants on Paradise Island from
a central system located in their
homes. Each unit has expansive
views overlooking Nassau Har-
bour, the Paradise Island golf
course or the city of Nassau.

Owners can also control their
interior ambiance, lighting,
media and music remotely via
high speed Internet.

EMPLOYMENT OPPORTUNITY
HEAD ENGINEER

Large private estate in Nassau seeking a Head Engineer capable of
effectively managing the estate. Candidate must have certification/
experience in engineering and be able to maintain all equipment on the
estate. Previous experience working with large private estate, small luxury
hotel or embassy essential. Applications and resumes should include
reference from previous three employers. Send resume, certificates and

HEAD ENGINEER

P.O. BOX N-7776 (SLOT 193)

NASSAU, BAHAMAS

Not using your card often
enough could also be cause for
a change or even prompt the
‘company to close the account.

"The bottom line is, card
issuers are looking for a reason
to say no. They're going on
defense and minimizing their
exposure to risk," said Greg
McBride, senior analyst at
Bankrate.com.

NEW REGULATIONS

COMING ;

Credit card companies may
also be changing terms to gird
for new regulations set to be
adopted by year's end.

The Federal Reserve is still
ironing out the details, but one
proposal would ban companies
from raising rates on existing
balances; hikes could only be
applie! to future purchases.

"In some cases, we think
lenders are taking the opportu-
nity to raise rates now," said
Ruth Susswein, deputy director
of national priorities for the
advocacy group Consumer
Action.

Another proposed regulation
would prevent companies from

punishing card holders for rea- .
_ sons unrelated to their account.

Right now, companies can raise
rates or lower limits based on
information that shows up on
credit reports, such as taking
out new loans or defaults on
other cards — whether or not
such activity had an impact on
your credit score.

Some credit card companies

have already stopped engaging

in such practices. ‘This year, for
instance, Chase stopped auto-
matically raising customers’
interest rates when their credit
scores declined. The company
says the move wasn't related to
the upcoming regulations.

HOW TO PREVENT A
CHANGE
One way to guard against

toughened terms is to keep

more than one credit card. That
will give you the option to trans-
fer balances or use other cards if
one issuer takes action against
you, said Ulzheimer of Cred-
it.com.Checking your credit
score periodically to make sure
it's clean can also help fend off
unwanted changes. It's also
important to monitor to pre-
vent identity theft.

On Citigroup Inc.'s financial
literacy Web site for consumers
(www.usecreditwisely.com), the
company also suggests immedi-
ately notifying companies when-
ever you move so bills aren't
late. Other measures you can
take are obvious: Pay your bills
on time and whittle down debt
as much as possible.

NEGOTIATING BETTER

TERMS

The first step is to read any
mail from your credit card com-
pany. Notification of new terms
may also be included in your
monthly statement.

If your bank hits you with a
higher interest rate, call and ask

tax dollar boost

The second stage of the pro-
ject expected to begin within 60
days is the 50-slip marina, which
will have 30 to 80-foot boat
slips. It is being designed and
built by Heavy Marine Foun-
dations, owned by Dwight and
Dwayne Pratt.

Other partners in the project
include Brent Neymour, as pro-
ject manager; Ken Meadows,
who owns an air-conditioning
business; Lovell Ferguson, a
business owner who ran crews
for the plumbing of Atlantis;
and Tom Wrinkle, owner of an
elevator company.

A number of Bahamian com-

Pea NN

Foot Solutions franchise owner
Bernadette Gibson becomes a
Board Certified Pedorthist

Bernadette Gibson, C.Ped, owner of Foot Solutions at Sandyport became a Board
Certified Pedorthist on October 1st. 2008.

The American Board for Certification in Orthotics, Prosthetics & Pedorthics (ABC) is

the national certifying and accrediting body for the orthotic, prosthetic and

professions.

edorhic

panies benefited from the pro-
ject, including We Care Presi-
dential Services, Bahamas
Waste, Ultimate Doors and

Cornerstone Renovations, led

by Loretta Moss.

For the stories
behind the news,

read Insight
on Mondays



it to reconsider if you think the
change is undeserved. Ask the
customer service representative
if he has the authority to make
changes to your terms. If not,
ask to speak to a supervisor
who does, said the ABA's
Kaplan. "Tell them how long
you've been a customer for and
explain what went wrong. You
can achieve a lot just by calling
and being reasonable," she said.
“ Tf you're not satisfied, you

pay off balances at their old
rates, so long as they shut down
the account.

If your account is being
closed, think carefully before
asking the issuer to re-evaluate
the decision. That technically
counts as an application for new
credit and may end up hurting
your credit score. For those with
great credit and low balances,
remember that credit card com-
panies are fighting to hold onto

you so it may pay to shop
around.

can always get rid of the card.
Banks typically let customers

As a_ privately-owned, mid-sized Bahamian
Company and the authorized Caterpillar dealer in
the Bahamas, we are seeking an

Electrical Engineer.

The candidate/s should have proven experience
in Generators with’ more than 150KW‘s, Transfer
Switches, and Generation. Applicants with formal
education in electrical work are preferred. ,

Assist with troubleshooting of new products/
equipment (Both at the circuit board level and
system level).

Support Engineering efforts with ECO (Engineering
Change Orders) and EMO _ (Engineering
Modification Orders).

Support Engineering with locating. new parts,
suppliers and manufacturing solutions.

Actively seeks out solutions to technical problems.

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-lItd.com.

Only persons being interviewed for this_
position will be contacted. —





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Pedorthics is the design, manufacture, modification of pedorthic devices, to prevent
or _alleviate foot problems caused by disease, congenital defect,overuse or injury. An
ABC Certified Pedorthist, is an individual who has studied foot anatomy, pathology .
and biomechanics, shoe construction and modification, foot orthosis fabrication and
materials, footwear fitting and patient/practice management

Foot Solutions has helped thousands of peep overcome a myriad of biomechanical
conditions since it opened its doors in eu 2006. “We find solutions for people whose
feet hurt,” said Bernadette. “Consequently, we also help a lot of people who have knee,
joint and back problems,” she said.



Foot Solutions, with more than 250 franchise locations, is the world’s largest franchiser
focused on custom shoe inserts, specialty footwear and technology driven health and
wellness products.

For more information about Foot Solutions call at 327-FEET (3338) or visit us at
our Sandyport location or on the web, ;

www.footsolutions.com/nassau.



\ oo

“



PAGE 6B, THURSDAY, OCTOBER 30, 2008

THE TRIBUNE



Mi. Lc a ee
need most EPA reform

Customs to

FROM page 1B

Act to “give effect” to the trade
deal.

“Then there is the necessary
Customs administration and
legislation that has to be done,”
Mr Laing told Tribune Busi-

ness.
other administrative and leg-
islative things that have to be
done to provide for the agree-
ment, and much of that will be
on the Customs side.”

While the EPA would cover
the Bahamas’ trade in both
goods and services with EU and

Harold Road
P.O.Box CB 12182
Phone: 341-5665(kool)
Fax: 341-7378
Email:sancoair@yahoo.com

FREON SPECIAL

yy

“There are a number of

other Caribbean states, Mr
Laing said most work would
have to be done on the goods
side, and particularly with

regard to developing a Rules of

Origin regime that would be
administered by Bahamas Cus-
toms.

Given that the Bahamas
under the EPA has to liberalise
its tariff regime on goods
imported from Europe over a
25-year period, reducing tariffs
imposed on 85 per cent of those
imports, it is critical for Cus-
toms.to be able to determine

which imports originate in
Europe and those that do not so
it can still tax the latter.

And, in turn, Customs will
also have to discern between
goods manufactured in Europe
and those that merely transit
the continent on the way to the
Bahamas, as the latter could still
be subjected to import duties.

Mr Laing said developing a
Rules of Origin regime would
be critical in enabling Customs

o “validate anything coming in
from Europe, and that it origi-
nated there, in the way Rules

Legal Notice

NOTICE

NEWHAVEN FIRST FUND LTD.

IN VOLUNTARY LIQUIDATION

Notice is hereby given that in accordance with section 137 of the
International Business Companies Act 2000 NEWHAVEN FIRST

FUND LTD. is in dissolution.

of Origin provide”.
“There are some procedural
things that have to be done,”

Mr Laing added of Customs.

“We have far more manual
processes in Customs than we
would like: We need to advance
information systems in Customs
to better collect and collate
information from doing certain
things.”

Elsewhere, there was a need
“for more effective payment
processes and accountability
processes” as it related to
Bahamas Customs. -

“TI would say that there will
be meaningful reform that I
believe the Bahamian public
will benefit from significantly,”
Mr Laing said in relation to the
Customs Department.

“] think there will be greater
transparency in the process,
greater business facilitation in

‘the process, the ease of doing

business with Customs will
improve, and easier processes.

“There has to be a means for
us to make doing business in

easier, more efficient and more
accountable. This is one area
where the private sector inter-
acts significantly with the state,
so improvements there are of
great benefit to the society.”

That will be music to the ears
of many Bahamas-based busi-
nesses, given that many have
encountered substantial prob-
lems and delays in clearing and
paying for imported goods ship-
ments.

The Customs Department
featured prominently in the
Vexing Business Issues report
submitted to the Government
earlier this year by the Bahamas
Chamber of Commerce, which
said there were too few, Cus-
toms officers to deal with the
volume of business the depart-
ment handled, inevitably lead-
ing to inefficient and delayed
service.

The report also noted the ten-
dency of companies to deal with

“who they know’ within Cus-

toms in a bid to speed the
process up, something that the

Chamber report warned could
lead to corruption.

Meanwhile, Mr Laing said
that while an EPA implemen-
tation timetable was already
built into the agreement, the
Ministry of Finance had pre-
pared a draft road map itself
for the Bahamas.

“JT think that there will be
some work needed to be done
in terms of the intellectual prop-
erty rights provisions of it [the
EPA], the competition policy
provisions of it, but in terms of
weight the two would be equal
and less demanding than the
Customs area,” Mr Laing said.

this country more transparent,

The Date of the Commencement of dissolution was 23rd October

2008. David Thain of Arner Bank & Trust (Bahamas) Ltd,, Building
2 Caves Village, RO. Box N-3917 is the Liquidator of NEWHAVEN
FIRST FUND LTD. All persons having claims against, the above-
named company are required to send their address and particulars of
their debts to the Liquidator before the 23rd November 2008.

Refrigerant 404A & 410A

Regular Price: $180.00
Special: $150.00

INSIGHT

For the stories



behind the news,
read Insight
on Mondays

Legal Notice

NOTICE



MELVERNE HILLS LTD.

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

AeA NOT a etsy WES
CT ETC

MEIC Adie) mesa FTO com 01S LIU
Mechanic Shop to work on diesel vehicles. The qualified applicant
must have had 2 years prior experience and be willing to work under

| supervision, time requirements. References are required, and helpers
with their own tools is a plus.

Job Vacancy Notice

The Abaco Beach Resort at Boat Harbour
in Marsh Habour Abaco is seeking to fill the
following positions:

Chief Engineer

Electrician/Shift Engineer .

Air Condition and Refrigeration Technician
Housekeeping Supervisor
Restaurant Supervisor

Concierge

Kitchen Night Cleaner

Activities Supervisor/Boat Captain
Activities Attendant

Food and Beverage Servers.
Room Attendants

Security Guards

Bellman

‘Houseman

Habour Master

Food & Beverage Director

Please send your resume and references to the Warehouse Manager,
via fax, email or in person:

PV UMMC R BUTI

Prime Bahamas

crahming @primebahamas.com
EV SU/Asy

ARGOSA CORP. INC.
(Liquidator)



Legal Notice

NOTICE

PAT STRACHAN
Really Yales

EXCLUSIVE LISTING

PEARLUM HOLDINGS LIMITED

Notice is hereby given that in accordance with Section 138
(8) of the International Business Companies Act 2000, the
dissolution of PEARLUM HOLDINGS LIMITED has
been completed; a Certificate of Dissolution has been is-
sued and the Sonny has therefore been struck off the
Register.

All interested applicants should
submit their resume to:
info@abacobeachresort.com
or contact the Human Resources
Department at
1-242-367-1976.

Multi - Family Site off West Bay
_ Street near to Lyford Cay and
Albany Development 14,559 SQ. FT.

Asking $195,000.00
Call Pat Strachan
Tel: 323-1983
or 424-8028

~ ARGOSA CORP. INC.
(Liquidator)

1

As a privately-owned, mid-sized Bahamian Company
and the authorized Caterpillar dealer in the Bahamas,
we are seeking a candidate to work as a

Marketing / Sales Manager

The Candidate should have the following requirements:








EG G GAPTTAL MARKETS

=apyisey SERYICES





RBIs > INIEEEEED

OCTOBER 2008 \
3-38.98 | SOHG -0.22 | YTD -260.32 | YTD % -12.60
[YTD -8.82% | 2007 28.29%

“2503 FOR MORE DATA & INFORMATION
Change Daily Vol. EPS $



Co Le CON Ea














a
Today's Close
1.74

Div $ P/E Yield

0.000 24.1





























Abaco Markets 0.071
























































11.80 11.60 Bahamas Property Fund 11.80 0.00 1.061 0.200 114.4 2 oi . .
9.68 7.64 — Bank of Bahamas 7.64 0.00 0.643 0.160 11.9 e ‘Have 10-15 years experience with the Caterpillar
E . enchmark 0.89 0.00 -O.B77 0,020 N/M , . . :
3.74 3.49. Bahamas Waste 3.49 0.00 0.152 0.090 23.0 5 Product Line, have worked in a Caterpillar
< 1.95 Fidelity Bank 2.37 0.00 0.055 0.040 43.1 1.6 . ° . . .
14.15 11.00 Cable Bahamas 14.15 0.00° 224 O.2AO 1G v7 dealership or a similar Organization;
8.50 4.80 . Commonwealth Bank ($1) 726 0.00 6 vac og00 «16.3 a4 Have Caterpillar training in power generation;
6.88 1.99 Consolidated Water BDRs 2.08 -0.12 0.122 0.052 17.0 . p g p g
aio 2.25 Doctor's Hospital 2.77 0.00 0.256 0.040 10.8 The candidate should be a certified ISO 9000
i I amguard 7.80 0.00 0.535 0.280 14.6
13.01 12.00 Finco. 12.00 0.00 0.665 0.570 18.0 auditor;
14.66 11.54 FirstCaribbean Bank ~ 11.60 0.00 0.682 0.450 17.0 ‘ . : .
ee ea eee edae Gee Sie: up Gt eee. ae Must have a Degree in Engineering/Marketing
238 0.98" Hreepert Concrete a 2:99 0.033 2.900 108 0 from an accredited university;
ae ceee. ees Sees ee eee ae Must be able. to manager and motivate staff in the



ISS TREES COE

Fidelity Bank Note 17 (Series A) +
Fidelity Bank Note 22 (Series B) +
Fidelity Bank Note 13 (Series C) +

(#88 (HENS trade On a Percentage Pricing bases)
Change
0.00 7%
0.00 Prime + 1.75%
0.00 7%

Prime + 1.75%

Sales Department;

Must be able to liaison with potential buyers, grow
market share and increase sales;

Know how to execute business, sales and

Interest



Last Sale Daily Vol.












19 October 2017
19 October 2022
30 May 2013
29 May 2015

1000.00
1000.00
1000.00




eee























Bahamas Supsnekets < ae ee eee eT marketing plans, and close a sales deal;
Caribbean Crossings (Pref) 6.00 6.25 6. oo 0.000 0.480 N/M 7.80%
eH sisi: IRS eG Hiwe eee ein a5 0.001 0.000 256.6 0.00%
OSI e uuritiens eK \\
Bot rrae Gupenkercats 13.80 cas “a.00 iyi, ? gage. one oe This candidate is required to be a professional who
0.46 0.655 0.58 1.002 C C 261.9 0.00%
Aci Rue ema Wiakial RUGS 0000. B01 : thrives on the challenge of developing outstanding








customer relations and service excellence.

NAV Date
30-Sep-08

NA_V Last 12 Months Yield %

















Colina Bond Fund



€ 95
Colina MSI Preferred Fund 3.0250 0.81 4.78 31-Aug-88
Colina Money Market Fund 1.4226 3.45 1.641 17-Oct-08 . ith d ti d
Fidelity Bahamas G & | Fund 3.6090 -4.95 ‘ 3.62 OLS On
Fidelity Prime Income Fund 12.4456 4.29 5.78 ’ gO Sep on Send complete resume wl e uca ion an
CFAL Global Bond Fund 100.2421 0.24 0.24 30-Sep-08 j
CFAL Global Equity Fund 96.7492 3.25 3.25 sO Sap oO8 work experience to
CFAL High Grade Bond Fund 1.0000 0.00 0.00 31-Dec-07 j j
Fidelity International Investment Fund 9.1958 -12.42 12.42 st Mé& E Limited,
FG Financial Preferred Income Fund 1.0216 2.16 2.16 ‘e
FG Financlal Growth Fund 1.0282 zea 2.82 Z Seo P. O. Box N 3238, Nassau Bahamas, °
FG Financial Diversified Fund 1.0244 2.44 ; 3O-Sop-08 Attention: Office Administrator, or email









YIELD - last 12
Bid $ - Buying +
Ask $ - Selling
Last Price - Last 1

Weekly Vol. - T
‘ my



divided by closing price

me@me-ltd.com.











62wk-Hi - Highest closing price in last 52 weeks
52wk-Low - Lowest closing price in last 52 weeks

Previous Close - Pravious day's weighted price for dally volume.
Today's Close - Cu
Change - Change ir
Daily Vol. - Number













Only persons being interviewed for this
position will be contacted.




nt day's weighted price for dally volume
losing price from day to day

shares traded today

dad In the last 12 months

ant 12 month earnings

Jate 8/8/2007

ve Date 7/11/2007 Te











dity Bahamas Stock Index. January 1, 1994 = 100



BA29-386-7764 | FS CAPITAL MARKETS 242-396-4000 | COLONIAL 242-502-7525





THE TRIBUNE

THURSDAY, OCTOBER 30, 2008 , PAGE 7B





Client loss
‘doubles’
for Cable

during Q3

FROM page 1B

disposable incomes from loss of
tips, plus high energy and fuel
prices, has seen Bahamians con-
sumers cut back on a wide
range of spending, and cable
TV has not been immune.

When asked whether there
had been an increase in the
number of Cable Bahamas’
cable subscribers who had not
been able to pay, or were late in
paying, their bills, Mr Williams
confirmed that cable subscriber
churn had “doubled” in the
2008 third quarter when com-
pared to the first half.

“The churn has to do with
customer disconnections, and
the churn has doubled,” Mr
Williams said. “That is a big
indication to us that the eco-
nomic times are affecting our
subscribers and affecting what
they keep in terms of services.
We normally give customers
between 45-60 days [to pay]
before we disconnect, and those
numbers have been increasing
over the last couple of months.”

Blaming subscriber churn as
the key reason for the relative-
ly minimal year-on-year growth
in Cable Bahamas’ cable TV
revenues, Mr Williams added:
“In some cases people have
dropped premium services alto-
gether, and some people have
disconnected some of what they
had, meaning they subscribe to

a)
TEMIPUR

welcome to bed”

fewer packages from us.”

Still, Cable Bahamas has
managed to maintain top-line
growth in its core cable televi-
sion business, with revenues up
2 per cent year-over-year com-
pared to the 2007 third quarter.

Year-to-date, cable TV rev-
enues are 4 per cent ahead of
2007 comparatives for the first
nine months.

The good news for Cable
Bahamas has come from its
Internet and data business seg-
ments, showing the value of
having diversified revenue
streams. For both the first nine
months in 2008 and this year’s
third quarter, Internet revenues
were up 11 per cent over 2007.

For the 2008 third quarter,
data revenues were ahead of
prior year comparatives by 22
per cent, Mr Williams added,
compared to 20 per cent growth
for the first three quarters.

“The growth is mostly on the
commercial side of the busi-
ness,” Mr Williams said of the
Internet and data businesses.
“Internet is a requirement for
many, many businesses, espe-
cially the financial services
industry, which is a significant
part of our customer base on
the data side.”

On the cable TV front, Mr
Williams said the “momentum”
Cable Bahamas built up in the
2007 second half and into the
early part of this year had

helped to carry it through and

minimise the impact from the
early stages of the economic
downturn.

He explained that “a lot of
sales” were achieved during the
2007 second half, meaning that
while the revenues generated
only showed up in one or two
quarters last year, they had
been a factor right through 2008

to-date, helping to boost the .

company’s top line.

Mr Williams said the 9.3 per
cent operating expenses growth
in the three months to Septem-
ber 30, 2008, from $9.7 million
to $10.062 million year-over-
year, was largely due to a “dou-
bling” in electricity costs plus
fuel cost rises.

“We’ve also had some
increases in fees for a number of
the channels we carry, and
that’s also led to the increase,”
Mr Williams said. “We have
seen a bit of an increase in bad
debt expense over the last cou-
ple of months, and that’s direct-
ly related to subscriber churn.”

Mr Williams said Cable
Bahamas invested $2.5 million
in capital expenditure during
the 2008 third quarter, the lion’s
share going on the expansion
of its Robinson Road facility -
which is now 95 per cent com-
plete - and its new Freeport
offices.

For the first nine months in
2008, Cable Bahamas has
invested $18 million in capital
expenditure.



If gas prices are getting you
down, let us put your mind
and body to rest!

Get your gas coupon,

on us!

This Friday & Saturday only
while supphes last!

\
’








To advertise in The Tribune - the #1 newspaper
in circulation, just call 502-2371 today!

SECURITIES COMMISSION OF THE BAHAMAS
EMPLOYMENT OPPORTUNITY

The Securities Commission of The Bahamas (the Commission), a statutory
agency responsible for the oversight, supervision and regulation of the

investment funds, securities and capital markets in or from The Bahamas, as

well as the supervision of Financial and Corporate Service Providers, invites

applications from qualified Bahamians for the following position:

Senior Field Examiner

Responsibilities:

_ Conducting on-site inspections of entities licensed or registered by the
Commission.
Assisting in the enforcement process addressing deficiencies identified
in the inspection.

Qualifications and Experience:

° Bachelor’s. degree in Accounting or Finance

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

" Supervisory experience

“Competencies:

° Excellent oral and written communication skills

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

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

MANAGER — CORPORATE AFFAIRS
SECURITIES COMMISSION OF THE BAHAMAS
P. O. BOX N-8347
NASSAU, BAHAMAS
Fax: 356-7530

: E-Mail: info@scb.gov.bs

Applications should be received no ae than ‘November 11, 2008
VIE

SALE

Yamaha Outboards
20% Discount Off

List Price











‘This sale is offered to
Bonefishing Lodges and
Bonefishing Guides only.

Take advantage of this sale to re-power
and be prepared for the upcoming season.






Sales Ends November 30th

Harbourside

Marine, Nassau
(242) 393-0262











PAGE 8B, THURSDAY, OCTOBER 30, 2008

THE TRIBUNE



RETR UPTURN SS a I A
Another rate cut expected from Fed

m By MARTIN
CRUTSINGER
AP Economics Writer

WASHINGTON (AP) —

The worst financial crisis in 70 .
years has forced the Federal:

Reserve to employ all the
weapons in its arsenal — includ-
ing cutting interest rates to near
historic lows — to try to keep
the country from plunging into
a deep recession.

Fed policymakers are expect-
ed to slash a key interest rate by
a half-point, pushing the feder-
al funds rate down to one per
cent, as they wrapup a two-day
meeting Wednesday. _

That would put the Fed’s tar-
get for the interest banks charge
each other on overnight lows
down at level last seen during a
12-month period from June
2003 to June 2004. Before that

period, the funds rate had not.

__ been that low in 45 years, since

"Dwight Eisenhower was presi-

dent.
Economists believe the Fed

CoN

is prepared to cut rates that low
because of the rising fears that
the financial turmoil of the past
two months is raising the
specter of a deep and prolonged
recession.

“The Fed is going to send a
very strong signal that they will
do whatever it takes to restore
stability to the economy,” pre-
dicted Mark Zandi, chief econ-
omist at Moody’s
Economy.com.

The prospect of another siz-
able rate cut, coming just three
weeks a half-point move that
was coordinate with’a number
of countries, sent the stock mar-
ket soaring on Tuesday, pushing
the Dow Jones industrial aver-
age up by 889.35 points, its sec-
ond-biggest point gain in histo-

Ty. é
Even if the Fed does fulfill .

the desires of investors with its

_action Wednesday, it is not like- .

ly to end the turbulence on Wall

Street. Analysts are cautioning

to be prepared for more stom-
ach-churning days ahead as

MINISTRY OF AGRICULTURE
~ & MARINE RESOURCES

PUBLIC NOTICE

The Ministry of Agriculture & Marine
‘Resources advises the public of the discovery
of food products originating from the Peoples
Republic of China containing milk and milk
by products. Similar food products have been
found to contain contaminants that have
resulted in illness and death of infants in the

Peoples Republic of China.

The public is advised to be vigilant and to
avoid all food products originating from the
Peoples Republic of China containing milk,
powdered milk, or milk byproducts until further

notice.

If members of the public have purchased
processed food products originating from the
Peoples Republic of China labeled as
containing milk, powdered milk or milk
- byproducts, these items should be returned to
the place of purchase, or rendered unusable
and discarded, and reported to the Department
of Agriculture for collection and proper

disposal.

Contact numbers for the Department of
Agriculture (between the hours of 9am to Spm)

are:



‘Telephone Nos. (242) 325-7502/9

Facsimile Nos. (242) 325-3960 or.
(242) 356-3919




















investors struggle to deal with a
severe credit crisis and what
could be the, worst. recession in
at least two decades.

A half-point rate cut on
Wednesday would push bor-
rowing costs lower for millions
of consumer and business loans
with banks moving quickly to
match the Fed's action by low-
ering their benchmark prime
lending rate from 4.5 per cent,
where it has been for the past
three weeks, down to four per
cent.

The Fed is hoping that the
sharply lower rates will help
boost economic growth going

forward. The government will

release its first look at econom-
ic activity in the July-Septem-
ber quarter on Thursday and
that is expected to show that
the gross domestic product
shrank at a rate of 0.5 per cent
inthe third quarter.

Many analysts believe the:

GDP'— the measure of the val-
ue of all the goods and services
produced.in the country — is

falling further in the current
quarter and will also fall in the
first three months of next year.

That pattern would meet the
classic definition. of a recession
as at least two consecutive quar-
ters of declining GDP. Many
economists think that when the
National Bureau of Economic
Research, the official arbiter of
when recessions begin and end
in this country, makes its deci-
sion, it will date this downturn
to the beginning of 2008, when
the labor market started shed-
ding jobs.

The country has lost jobs
every month this year and the
unemployment rate now stands
at 6.1 per cent. Economists fore-
cast that it could hit eight per
cent by the spring of next year
due to the severity of the shut-
down of bank lending, a credit
crisis triggered by billions of
dollars of losses in mortgage
lending as defaults soared to
record levels.

That has jolted banks, result-
ed in government takeovers of

Chambers of The Chief Justice

The public is hereby notified that the
premises occupied by the Supreme
Court have been extended by the
addition of a temporary annex in the
Charlotte House, 2nd Floor North Side.

The relevant notice under section 53(1)
of the Supreme Court Act posted on
14th October, 2008 and the Court will
commence work from those premises
on 20th October, 2008.

The Honourable Mr. Justice Neville
K. Adderley and The Honourable Mrs.
Justice Claire Hepburn will relocate to
this location which will be known as
The “Supreme Court (Charlotte House,
Annex”). The telephone numbers are:

242-322-6110

and

242-322-6111,

Fax number: 242-325-6406

Donna D. Newton.
‘Registrar (Acting)



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the nation's two biggest mort-
gage companies and the biggest
shakeup on Wall Street since
the Great Depression. Banks
have become fearful about
making new loans, a develop-
ment that has had ripple effects
on American businesses trying
to get loans for normal opera-
tions, and on American con-
sumers, who are having trouble
getting car loans and home
loans.

“The credit squeeze has
moved from Wall Street to
Main Street and it is seriously
affecting the real economy and
now it has gone global,” said
Sung Won Sohn, an economist
at the Smith School of Business
at ‘California State University,
Channel Islands.

Many analysts believe a rate
cut in the United States will be
followed by cuts in other major
economies as central banks
around the world try to inject
confidence into a badly shaken
financial system.

Analysts are split, however,
on whether a Fed rate move this
week will be followed by anoth-
er rate cut at the central bank’s
last meeting of the year on
December 16.

Some analysts think the Fed
could drive the funds rate as
low as 0.5 per cent and might
even go to zero, which the Bank
of Japan did in an effort to com-
bat a decade-long bout of
malaise in the 1990s caused by a

real estate bust in that country.
Other analysts believe the

. Fed will be content to lower the

funds rate to one per cent and
leave it there, partly because
pushing it any lower would
remove any cushion to cut the
rate further should the economy
fail to respond and the down-
turn worsen.

These analysts believe the
Fed will depend on its other
efforts to battle the credit crisis,
which involve supplying mas-
sive resources to the banking
system. . :

David Jones, chief economist
at DMJ Advisors, said that Fed
officials will probably decide
that all the global efforts to fight
the credit squeeze, including a
$700 billion rescue fund in this ,
country, should be given time
to work. :

But Jones, who thinks the
econgmy will remain in a reces-

’ sion until the middle of next

year, said he believes that the
Fed will signal that it is pre-
pared to leave the funds rate at
one per cent for some time to
come.’ ;

When the Fed under former
Chairman Alan Greenspan “cut
the funds rate to one per cent
and left-it there for a year, they
kept saying rates would remain
low for a considerable period
of time,” Jones said.

“T think this time rates will
stay at one per cent for a longer
period.”

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THE TRIBUNE

THURSDAY, OCTOBER 30, 2008, PAGE 9B



mah co
Durable goods

rise by largest
since June



@ By MARTIN
CRUTSINGER
AP Economics Writer

WASHINGTON (AP) —

Orders to US factories for big-
ticket manufactured goods post-
ed an unexpectedly strong
showing in September — the
largest gain in three months —
on a surge in demand for air-
planes and autos, government
data showed Wednesday.
- The Commerce Department
teported Wednesday that
orders for durable goods rose
by 0.8 per cent, surprising econ-
omists who had expected a
decline. Orders had fallen by
5.5 per cent in August, which
was the biggest setback in near-
ly two years.

The September increase was
the largest gain since a 1.4 per
cent rise in June, but all the
strength came in the trans-
portation sector. Demand for
commercial aircraft, an
extremely volatile category, shot
up by 29.7 per cent and orders

for motor vehicles rose by three.

per cent, the biggest gain in
more than a year.

The big increase in orders for
motor vehicles probably reflect-
ed the use of incentive pack-
ages by automakers trying to
spur lagging demand during a
generally dismal sales year.
Orders for motor vehicles and
parts had fallen by a sharp 8.8
per cent in August.

Demand is expected to

remain weak, reflecting the
hard economic times, rising
unemployment and sagging
‘consumer confidence.
* Outside of transportation,
orders fell by 1.1 per cent fol-
lowing an even bigger 4.1 per
‘cent drop in August. The back-
to-back declines in these areas
indicated the pressures facing
manufacturing now as the US
economy appears to be falling
into a recession.

The government will release
its first look at overall econom-
ic activity in the July-Septem-
ber period on Thursday. Many
economists believe that report
‘will show the gross domestic
product was falling at an annu-

8

al rate of 0.5 per cent in the
third quarter.

Analysts expect the GDP to
decline in the current quarter

and the first three months of

next year, too.

The classic definition of a
recession is two consecutive
decreases in GDP. Economists
believe that the worst financial
crisis in seven decades, which
erupted with force in Septem-
ber, has pushed the country into
what could be a much more
pronounced downturn than the
past two relatively mild reces-
sions in 2001 and 1990-91.

Analysts said the current
downturn is being led by con-
sumers who are cutting spend-
ing because of rising unem-
ployment and difficulty in get-
ting credit.

“The industrial sector is
merely reacting to the down-
turn. It is not leading the reces-
sion,” said Daniel Meckstroth,
chief economist at the Manu-
facturers Alliance/MAPI.

Michael Gregory, an econo-
mist at BMO Capital Markets,
predicted further declines in
durable goods orders in the
months ahead.

“The deepening US reces-
sion, a still-encumbered credit
creation process and slowing
export sales owing to the global
economic downturn point to a
much weaker trend for duable
goods orders,” he said.

The 0.8 per cent overall
increase last month left orders
for durable goods, products
expected to last at least three
years, totaling $207.8 billion.

Outside of transportation, the
weakness reflected declines in
such areas as primary metals

‘such as steel, where demand fell

by 4.5 per cent, and computers,
where demand was down 1.4

‘per cent.

Orders for non-defense capi-
tal goods, considered a good
barometer of business invest-
ment plans, fell by 1.4 per cent
in September, the second
monthly decline. Business are
cutting back on their plans to
expand. and modernize in the
face of spreading economic
weakness.

COURT
LDU

Action #:
2003/CLE/gen/01974

Judgment Creditor:
Premier Importers Limited

Judgment Debtor:
Alexander Smith
1999 Ford F150 Lariat

Action #:
2006/CLE/gen/00770

| Judgment Creditor:
Premier Importers Limited

Judgment Debtor:
Beverley E. Lewis
2001 Ford Explorer Sports Trac

Vehicles can be viewed from 7:30am
to 4:30pm at Premier Importers,
St Albans Drive.

Bids must be in writing on or
before November 16th, 2008.
Contact 322-8396 @ extn. 232
for any additional information.


























































































RBC

Royal Bank
nee, of Canada

PROPERTIES LISTED FOR SALE

(401) Lots#17 & #18 Crown Allot-
ments, Love Hill Setthement, Andros.
Containing a two storey residence.
Appraised value: $100,000

(806) Lots#1l & #2, Block 3 with a par-
cel situated between Lot #1, Block
3, containing a 4 bedroom condo-
minium — Sunset View Villas, West
Bay Street.

Appraised value: $750,000

(400) Property situated in Calabash.
Bay on the Island of Andros. 75’ x
150’ and containing thereon asmall
grocery store 480 sq. ft. and an incom-
plete 83 bed 2 bath house 900 sq. ft.
Appraised value: $65,000.00

(702) Lot #20 with residential prop-
erty located Skyline Heights.
Appraised value: $280,000

(400) Lot #14 situated in the settie-

ment of Love Hill on the Island of

Andros totalling 20,000 sq. ft. Property

contains a two storey 5 bedroom, 3
bathroom residence.

Appraised value: $185,000

(902) Lot containing commercial

_ building housing a sports bar, res-

taurantand a two storey commercial
building on Queens Highway, Tarpum
Bay, Hleuthera.

Value: $180,000

(810) Lot #60 Skyline Lakes Subdi-
vision approximately 13,000 square
feet containing a split level residence
about 10 years old. Living space is
approx 2,633 sq. ft., with covered
patios approx 480 sq. ft., walkways &
driveways approx 102 sq. ft. Located
on the ground floor is the garage,
foyer, powder room, 2 bedrooms with
closets, | conxyplete bathroom, sunken

living reem, dining room, kitchen, .

play roam & utility room. Located
onthe upper floor is the master bed-
room & bathroom, walk-in closets &
tiled balcony.
Appraised value: $453,000

(806) Lot #13, Block 4 of Coral Wa-
terways, Section One, Coral Harbour,
New Providence with two houses and
aswimming pool, #312 N.P bounded
Northwardly by a canal or waterway
of the said Subdivision known as
Flamingo waterway and runnihg
102.004 ft. Eastwardly by lot #14 and
146.145 ft. Southwardly by a reserva-
tion for a private road.

Appraised Value: $530,000

(304) Lot #2 in block #8, Steward
Road, Coral Heights East Subdivi-
sion situated in Western District of
New Providence, approx. size 8,800
sq. ft. with a split level containing two
bed, two bath, living,.dining & fam-
ily rooms, kitchen and utility room
~approx. size of building 2,658 sq. ft.
Appraised value: $322,752

(902) 0.281 acre of vacant land off
Queen's Highway in the settlement
of Governor's Harbour, Eleuthera.
Appraised value $31,320

(701) Undeveloped lot #149. Sea-
fan Lane, Lucayan Beach Subdivi-

‘sion. Grand Bahama, 18,750 sq ft.

Appraised value: TBA

(402) Lot 89, Block 7 Aberdeen Drive,
Bahamia West Replat Subdivision,
Freeport, Grand Bahama, consist-
ing of 12,100 square feet.
Appraised value $51,000

(723) Vacant lot #20 comprising a
portion of the Murphy Town Crown
Allotment #72 situated in Murphy
Town, Abaco, Bahamas...
Appraised value: $18,000

(902) Vacant lot of land situated in
South Palmetto Point, Eleuthera
measuring 97 x 127x82x121.
Appraised value: $38,000

(908) Vacant residential Lot¥30
comprising of 1.02 acre located
Dundas Town, Abaco.

Appraised value: $20,000

(108) Vacant canal lot #71. Silver

Cove Court, Silver Cove Subdivision.

Zoned: Tourist Commercial Approxi-
mately 0.4 acre.
Appraised value $175,000

COMMERCIAL BANKING
CENTRE

Tel: 242-356-8568

(800) Mrs. Monique Crawford
(802) Mr. Brian Knowles

(805) Mr. Jerome Pinder

(806) Mrs Lois Hollis

(807) Mr. Lester Cox

(808) Mrs. DaShann Clare-Paul
(810) Miss. LaPaige Gardiner
PALMDALE SHOPPING
CENTRE BRANCH

‘Tel: 242-322-4426/9

or 242-302-3800

(201) Ms. Nicola Walker

(202) Mr. Robert Pantry
(205) Mrs. Cedricka Clarke
NASSAU INT'L AIRPORT
Tel: 242-377-7179 ’

(433) Mrs. Suzette Hall-Moss
GOVERNOR’S HARBOUR,
ELEUTHERA

Tel: 242-332-2856/8

(902) Mr. Brian Hanna
HARBOUR ISLAND BRANCH
Tel: 242-333-2230

(901) Ms. Velderine Laroda





Contact Account Officer listed below by using number code for each property.

HOUSES/APARTMENTS/COMMERCIAL BUILDINGS

(433) Lot #27 of Vilage Allotment
#14 in the Eastern District, contain-
ing residence situated on Denver
Street off Parkgate Road in the Ann’s
‘Town Constituency, New Providence.
Property size 2,500 sq. ft. Building
size 990 sq. ft.

Appraised value: $50,000

(902) Lot of land 94 x-94 x 150
x 150 on Queens Highway. fust
south of Palmetto Point with a two
storey stone building containing.
two apartments. Each unit has |
3 bed/2 1/2 bath, kitchen, living
room and 3 linen closets.

Appraised value: $287,209

(105) Lot containing two storey
bldg. with 3 bed, 2 and a half bath
residence, and 30’ x 86’ situated ,
Bailey Town, North Binaini.
Appraised value: $235,000

(902) Lot#31 situated at the intersec-
tion of Albert & Victoria Streets in
Hatchet Bay containing a 2 storey
concrete building with an incomplete
2 bed/1 bath apt and store downstairs.
Property approx 2,250 sq. ft.
Appraised value: $65,000

(908) Lat# 23 located in the Subdivi-
sion of Spring City, Abaco. Containing
a 1 storey house with 2 bed/1 bath
~ Wooden Structure.

Appraised value: $60,000

(601) Lot #17 located Village Alotment
with fourplex. Value: $500,000

(701) Lot ofland having the number
16 in Block number 16 in Section
Three of the Subdivision called
and known as Sea Breeze Estates
situated in the Eastern District of
New Providence. Property contains
a3 bed, 2 bath residence.
Appraised value: $277,000

' (565) Lot #1018 in Golden Gates

Estates #2 Subdivision situate in
the South Western District of the
island of New Providence Contain-
ing a single storey private residence
3 bedroom 2 bath. Property approx.
size 6,000 sq. ft. Building approx.
size 2,400 sq. ft.

Appraised value: $173,176

(808) Lot #3 Block 24 in the Centreville
Subdivision. Building #109/ Eastern
side of Collins Avenue. Comprising
commercial 2,800 sq. ft. commercial
building.

Appraised value: $582,000.00

(701) Lot of land being lot number 11

~ in Block #10 on a plan of allotments

laid out by Village Estates Limited and
filed in the Dept. of Land & Surveys as
#142, N.P and situated in the Eastern
District of New Providence. Property
cantains 3 bed/2 bath residence. *’
Appraised value: $165,000

VACANT PROPERTIES

é
(108) Vacant Single Family Lot #5 Block
F Bahamia South Sub.
Appraised value $35,700

(702) Undeveloped lots #4A, 16, 17,
18 and 19 located Chapman Estates,
West Bay.

Appraised value $348,000

(565) Vacant lot #5 located Eleuthera
Island Shores, Seaside Drive Section B,
Block #15, Eleuthera,. 9,691 sq. ft.
Appraised value: $27,619.92

(800) Vacant property located
Bahamia South. Block 16 lot 9A,
Freeport, Grand Bahama consisting
of 24,829.20 sq.ft.

Appraised value $52,000

(565) Vacant Lot #9 (11,406.65 sq. ft.)
situated in Mango Lane Section “B”
Block #15, Eleuthera Island Shores
on the Island of Eleuthera.
Appraised value: $50,189

{909) Vacant residential Lot# 63 (7800
sq. Ft.) Crown Allotments located
Murphy ‘Town, Abaco.

Appraised value; $. 18,000

(108) Vacant Singié- amily Lot 45
Block #5 Unit #1 Devonshire.
| Appraised value $30,000.

(108) Vacant Single Family Lot#Â¥9 Bik
#14 Sherwood Forest Subs Unit #2.
Appraised value $27,700

OFFICERS

ANDROS TOWN

Tel: 242-368-2071

(400) Mrs. Rose Bethel

NASSAU MAIN BRANCH

Tel: 242-322-8700

(701) Mrs. Stephanie Saunders

(702) Ms. Cherelle
Martinborough

JFK DRIVE BRANCH

Tel: 242-325-4711

(401) Mr. James Strachan

(402) Mrs. Chandra Gilbert

PRINCE CHARLES

SHOPPING CENTRE

Tel: 242-393-7505/8

(501) Mr. Keith Lloyd

(505) Ms. Patricia Russell

CABLE BEACH

Tel: 242-327-6077

(466) Mrs. Winnifred Roberts

MARSH HARBOUR, ABACO

Tel: 242-367-2420

(908) Mr. Antonio Eyma

(909) Mrs. Sylvia Poitier

(910) Cyprianna Williams

BIMINI BRANCH

Tel: 242-347-3031

(105) Miss Ganiatu Tinubu

on Aiieg:

RBC > HELPING YOU SUCCEED

www.rbcroyalbank.com/caribbean/bahamas
@ The ion & Globe symbol and REO are registered trademarks of Royal Bank of Canady.










(909) Lot #22 with (5,000 sq. ft.)
Crown Allotments located Dundas
Town, Abaco. Containing a one storey
house with 3 bed/1 bath — Wooden
Structure.

Appraised value: $50,000

(108) Lot #1 Block #6 Winton Heights
Subdivision Easter District, NR The
property is approximately 14,834
square feetin total. Property contains
a house of 2,963 sq. ft.

' Appraised value: $433,000

(902) Lot#30 situated in Love Hill

‘Estates just north of Governor's

Harbour containing a 3 bed/2 bath
residence.
Appraised value $245,154

{101-N) Single-Pamily-Residence
810 sq. ft, 2 bed,1 bath. Lot #3
Block #1 Eastville Subdivision
Eastern. District, New Providence.
Appraised Value:$65,000

(902) Lot #17 Block 7 in section “A” of
Eleuthera Island Shores Subdivision
Northwest of Hatchet Bay containing
a3 bed/2 bath house.

Appraised value: $99,000

(203) Lot B — 50 ft. x 115.73 ft. sit-
uated on the north side of Shell
Fish Road, being the third lot west
of Fire Trail Road and east of
Hamster Road with a one half duplex
residential premises. .
Appraised value: TBA.

(901) Lot #32 containing 4 bedroom/
2 bath concrete structure located
Triana Shores Harbour Island,
Eleuthera. Property size 80’ x 120’
x 80’ 120 ft.

Appraised value: $332,735

(808) Lot# 52 Crown Allotments located
Murphy Town, Abaco. Containing a
one storey house with 3 bed/2 bath
~ Concrete Block Structure.
Appraised value: $200,006

(902) Parcel of land located on
the south side of Dry Hill Road in
Palmetto Point containing 1.087 acres
with partially started structure.
Appraised value $38,000

(902) Lot of land containing 3 bed/, |
2 bath residence in North Paimeétto
Point as $129,000

(910) Lot#12 Maderia Park, asmall
subdivision on the outskirts of
Treasure Cay, Abaco having an
area of 9,444 square feet residence
containing a concrete block
structure with asphalt shingle
roof comprises of 3 bedrooms,
2 bathrooms, family room, living

room, dining room, and kitchen.

Semied value: $147,000,

Dn



(802) Vacant Commercial Lot No:
3A, Block 60 Bahamia Subdivi-
sion VI containing 3 acres located
Freeport, Grand Bahama.
Appraised Value $750,000

(724) Vacant land at Love Beach,
Western District of New Providence
comprising a portion of “Love Estate”
containing 1 acre.

Appraised value $225,000.00.

(805) Two pore ofiland containing
21,120 sq.ft. situated on the southern
side of East Shirley Street and 100
feet west ofits junction with “Shirlea”
in the Eastern District of the Island
of New Providence — The Bahamas.
Appraised value $799,497.00

(569) Vacant property located in Sub-
division called “Culmerville” being
a portion of Lot #47 and a portion
of Lot #57.

Appraised value $24,006.00

(805) A parcel of land containing
approximately 7,641 square feet on
Crosswind Road located between
Seabreeze Lane and Pineyard Road
in the Eastern Distract of The Island
of New Providence-The Bahamas.
Appraised value $289,426.00

GRAY’S, LONG ISLAND

Tel: 242-337-0101

(100) Mrs Lucy Wells

LOAN COLLECTION CENTRE
Tel: 242-394-3560

(716) Mrs. Ingrid Simon

(717) Mrs. Nancy Swaby

(723) Ms. Deidre King

(724) Mrs. Faye Higgs

(725) Ms. Marguerite Johnson
(565) Mrs. Catherine Davis
(569) Mrs. Vanessa Scott
MACKEY STREET

Tel: 242-393-3097

(601) Mrs. Anastacia Knowles
BAY & VICTORIA BRANCH
Tel: 242-322-2451/3

(301) Ms. Thyra Johnson
(304) Mrs, Alicia Thompson
FREEPORT, MAIN BRANCH
Tel: 242-352-6631/2

(101-F) Ms. Garnell Frith
(102) Ms. Elaine Collie

(103) Mrs. Damita Cartwright
(108) Ms. Sylvie Carey
LYFORD CAY BRANCH

Tel: 242-362-4540/4037
(101-N) Mrs. Lindsey Peterson

RBC .
=e? Sk Bank
_of Canada

















PAGE 10B, THURSDAY, OCTOBER 30, 2008




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THE TRIBUNE THURSDAY, OCTOBER 30, 2008 , PAGE 11B



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PAGE 12B, THURSDAY, OCTOBER 30, 2008

the sides and back.
left side.Painted white trimmed light agua.

Lot

All that lot of land having an area of 12,150 sq ft, being lot #

side painted all white.

All that piece parcel or lot of land having an area of 5,000 sq ft, being lot # 181, of the subdivision known as Dorsetteville which is situated in the southern district of New
Providence located on this property is an approximately 25yr old single family residence comprising of approximately 1,162 sq ft & consisting of 2-bedrooms, |-bath,
kitchen, living, dining room & carport. The land is on a grade and level; the site appears to be sufficiently elevated to disallow the possibility of flooding during heavy
rainy periods. The grounds are fairly kept with improvements of concrete parking area & concrete walkways around the premises. The yard has chained linked fencing at

IHE TRIBUNE



Syren

MISCELLANEOUS PROPERTIES

THE TRIBUNE,
October 30, 2008

Lot No. 181, Dorsetteville Bamboo Town










Appraisal: $149,016.00

Traveling East Street South, turn right at porky’s service station [Victoria Blvd]. Take the 4th corner on the right (Raynell Drive) the subject property will be the 4th on the








No. 186, Coral Harbour Waterways, Coral Harbour

186, of the subdivision known as Coral Harbour Waterways, situated in the western district of New Providence.

Located on this property is a single family residence comprising of approximately 2,482 sq. ft. of enclosed living space consisting of 3-bedrooms with closets, 2. bathrooms,
kitchen, living, dining, family & utility rooms with office (loft), the residence is also equipped with 2-car garage with electronic doors the land is on a grade and level; the
site appears to be sufficiently elevated to disallow the possibility of flooding during heavy rainy peridds.

Appraisal: $427,726.80

take coral harbour road from the round about, head straight toward the canal, take about the 3rd right, hopkins drive. the subject property will be the 1st house on the right
|



This property is situated in Eleuthera Island Shores.




KENNEDY SUBDIVISION (NASSAU)

Lot No. 21 all utilities availablé 10 year old single story
house, 3 bedroom 2 bathroom, living room, dining area,
family room, kitchen, study, laundry and an entry porch.

Appraisal: $188,406.00

Heading west along Soldier Road take main entrance to
Kennedy Subdivision on the left, then take the 1st corner
on the left then 1st right, house is second on your right
with garage.

DUNDAS TOWN (ABACO)

3 two bed, 1 bath fourplex 9,000 sq. ft., lot no. 18b
with an area for a small shop. Age 12 years the land
is a portion of one of the Dundas Town Crown Allotment
parcels stretching from Forest Drive to Front Street,
being just under a quarter acre in size and on the
lowside. A concrete block structure, with asphalt
shingle roof and L-shape in design with a total length
of 70x26 ft, plus 50 x 22 ft., 2,920 sq. ft., the interior
walls are concrete blocks, ceiling is sheet rock and
the floors of vinyl tiles.

Appraisal: $265,225.00



LOT NO. 12, BLOCK 3, MILLAR’S HEIGHTS
All that lot of land having an area of 7,500 8q. ft., being lot
12, of the subdivision known and designated as Millar's
Heights,. situated in the Southwestern district of New
Providence, Bahamas. This property is comprised of a 25
yr old single family residence consisting of approximately
2,375 sq. ft of enclosed living space with three 2-bedrooms,
1-bathroom, living/dining rooms, and kitchen apartment
complex. The land is on a grade and level and appear to
be sufficiently elevated! to disallow the possibility of flooding
during annual heavy rainy periods. The grounds are fairly
kept, with improvements including parking area, walking
pathway and low shrubs. The yard is enclosed with chain linked fencing at the back and southern sides.

Appraisal: $239,500.00
Traveling west on Carmichael Road, enter West Avenue, on the South side immediately after Topps Laundromat. Take
first right which-is Wimpole St., go around the curve on the left which is London Avenue, traveling south on London
Avenue the subject property is the 9th building on the right before the T, Junction (high street) the subject building is
an L shape triplex, painted green, trimmed white.



This property is situated on the western side of the main El
Bogue North Eleuthera. All utilities and services available.



Eleuthera Island Shores Subdivision LOT NO. 1, BLOCK NO. 45,

SECTION E, ELEUTHERA ISLAND SHORES

4 All that piece parcel or lot of land having an area of 9,644 sq. ft. being lot #1 in block 45, Section “E” in the subdivision called and known as Eleuthera Island Shores
| . Subdivision, situated in the vicinity of Hatchet Bay Harbour, on the island of Eleuthera, one of the islands of the Commonwealth of The Bahams. This site encompasses a
two storey building which is approximately 14 yrs old and is abandoned. There is a wooden landing approximately 7’-4” wide by 20’-0” on the upper level, approximately
1,610 sq. ft. of enclosed living space, with 3-bedrooms, 2-bathrooms, front room, dining room, den, kitchen, and utility room. The wooden porch on the upper levei is
approximately 148sq. ft. There is also a water cistern under the dining room floor area. All utilities and services available.

Appraisal: $151,007.00

Lot No. 3 Yamacraw , Beach Estates. |
All that lot of land having an area of 10,000 sq ft, being
lot no. 3 in Yamacraw Beach Estates, in the said subdivision
situated in the eastern district of New Providence Bahamas.
Located on the subject property is a single-storey triplex
‘building comprising of 3 units with two 2-bedrooms, 1-
bathroom, living, dining, kitchen apartments unit and oie
unit being used as a barber and beauty salon. the land
is on a grade and level; however the site appears to be
sufficiently elevated to disallow the possibility of floodirg
during annual heavy rainy periods of the yea.
Appraisal: $313,016.00

Traveling south on Fox Hill Road, go pass Yamacraw
Hill Road and Joe Farrington Road. The subject property is located on the left hand side of Fox Hill road paintec
white trimmed brown. ;



Dorsetteville, Bamboo Town .

Investment Opportunity Must Sell Lot No. 51
All that lot of land having an area of 5,000 sq ft, being lot no. 51,
of the subdivision known as Dorsetteville, the said subdivision situated
in the southern district of New Providence Bahamas. Located on
the subject property is a structure comprising of an approximately
20yr old duplex apartment comprising of approximately 1,64°
sq. ft. of enclosed living space which includes two 2-bedrooms, 1-
bath, kitchen, living & dining rooms units. and an approximately
Qyr old one bedroom apartment building comprising of 382 sa
ft. with bath, kitchen, living/dining room. the land is on a grade
and level; the site appears to be sufficiently elevated to disallow
the possibility of flooding during annual heavy rainy periods of the
year. The grounds are fairly kept with improvements of concret3
parking area & concrete walkways around the premises. The yard is enclosed with chained linked fencing at the sides
and back.
Appraisal: $202,225.40
Traveling south on East Street from Soldier Road, turn right at Porky's Service Station [Victoria Blvd]. Travel pass the third
corner on the left, the subject property will be the 9th on the left side. Painted green trim white.







Investment Opportunity Must Sell Lot No.

217 Pinewood Gardens Subdivision
All that lot of land having an area of 5,000 sq ft, being Lot
No. 217 of the Subdivision known as Pinewood Gardens, the
said subdivision situated in the Southern District of New
Providence Bahamas. Located on this property is a structure
comprising of an approximately 20 yr old single family residence
consisting of 992 sq. ft of enclosed living space with 3-
bedrooms, 1-bathroom, living/dining rcoms, kitchen, drive
way and walk way. The land is on a grade and level and
appears to be sufficiently elevated to disallow the possibility
of flooding. The grounds are fairly kept and yard is open.
Appraisal: $127,988.00

Traveling south on East Street to the junction of Soldier Road, make a left at the light then turn right into Kennedy
Subdivision, go all the way to T-junction, turn right then first left then right again toward Mount Tabor Church building,
after passing Mount Tabor take first left (sapodilla blvd), the subject house is about 400 yards on the right painted yellow
trimmed green, with green and white door.



ELEUTHERA - LOT NO. 90-D, LOWER BOGUE

All that piece parcel or lot of land containing 42,616 sq. ft. and being Lot # 90-D on a survey plan situated in the settlement of Lower Bogue on the island of Eleuthera,
this site encompasses a commercial building consisting of a restaurant and disco that is approximately 13 yrs old, with a total sq. ft. of approximately 4,852.12, which
includes male & female rest rooms, stage area, 2-dressing rooms, dining room, commercial kitchen and storages inprovements also includes a 660.4 sq, ft, front veranda,
752 sq, ft, concrete walk-ways, and 192 sq, ft, back porch. This building is central air-conditioned.

Appraisal: $490,671.00
euthera Highway & approximately 2,219 ft. northerly of Four-For-Nothing Road, in the settlement of Lower

VACANT PROPERTIES



; , MUTTON FISH POINT NORTH ELEUTHERA
All that piece, parcel or lot of vacant land containing 44;714 sq. ft., and designated “E” which forms a portion of land known as “Mutton Fish Point" situated about two miles northwestward of the settlement of Gregory Town on the island of

Eleuthera, one of the islands of the Commonwealth of The Bahamas, and is bounded and abutting as follows:- Northwardly

by the land now or formerly the property of Coridon Limited, and running thereon for a distance of 393.13 hundredth ft.;

outwardly by a 30’ wide road reservation and running thereon for a distance of 402.57 hundredth ft; eastwardly by the main Queen's Highway and running thereon for a distance of 109.73 hundredth ft; westwardly by land now or formerly the
property of Caridon Limited and running thereon for a distance of 110.75 hundredth ft. this property having an area of approximately 44,714 sq. ft. this neighbourhood is zoned commercial/residential development and is quiet, peaceful and has

a topography of approximately 2 ft. with all utilities and services available.



ISLAND HARBOUR BEACH, EXUMA

All that parcel or lot of vacant land containing 10,000 (80’X 100’) sq. ft. being Lot No. 9, Block 2, Island Harbour
Beach Subdivision situated the western most portion of the Hermitage Estate, Little Exuma Bahamas. The
property is located on an unpaved road known as Stocking Road. The property also has a commanding view

of the ocean. ‘
Appraisal: $80,000.00

RAINBOW SUBDIVISION LOT NO. 3, BLOCK 27
All that vacant lot of land having an area of approximately 14,052.59 sq. ft. being lot no. 3, block 27, section
b, of Rainbow Subdivision with residential zoning. This property is bounded about 103.44 ft north by Queens
Highway, and 137.02 ft. East and about 99.94, ft south of Rainbow Hill Circle. 139.91 ft West. All utilities and

services available. :
Appraisal: $40,328.00



MUTTON FISH POINT NORTH ELEUTHERA
All that piece, parcel or tract of land containing 1 acre situated about two miles northwestward of the settlement
of Gregory Town on the island of Eleuthera, one of the islands of the Commonwealth of The Bahamas, and is
bounded and abutting as follows:- Northwestwardly by the main Queens Highway and is running thereon for a
distance of 125.462 feet northwestwardly by the land now of formerly the property of Coridon Limited, and
running thereon for a distance of 390.274 hundredth ft.; southwestwardly by a 30’ wide road reservation and
running thereon for a distance of 128.128 hundredth ft; southeastwardly by the land now or formerly the property
of the Venor and running thereon for a distance of 322.955 hundredth ft. This property having an area of
approximately 44,847.76 sq. ft. This neighbourhood is zoned commercial development and is quiet and peaceful
with a topography of approximately 2 ft. with all utilities and services available.
APPRAISAL: $51,421.00
This lot is vacant land and is located in the area known.as “Mutton Fish Point”

For conditions of sale and

Philip White @ 502-3077 email philip.white





APPRAISAL: $51,421.00












LOT NO. 10B, PALMETTO POINT

All that piece, parcel or lot of vacant land containing 9,000 sq. ft., and being Lot No. 10B situated North of
Ingraham’s Pond and Eastwardly of North Palmetto Point, on the island of Eleuthera, one of the islands of the
Commonwealth of the Bahamas, and is bounded and abutting as follows:- on the north by Lot No. 3B and
running thereon for a distance of (90) ft; on the East by Lot No. 11B and running thereon for a distance of (100)
ft; on the south by a 20’ wide road reservation and running thereon (90) ft on the west by Lot No. 9B running
thereon for a distance of (100) Ft, the said Lot is overgrown with shrubs and is in close proximity of a white sandy
beach. This neighborhood is zoned residential development and is quiet and peaceful with a topography of
approximately 50ft and because of this there is no danger of flooding. The area is approximately 80% developed
with all utilities and services available. :

APPRAISAL: $72,000.00



MUTTON FISH POINT NORTH ELEUTHERA

All that piece, parcel or lot of vacant land and improvements containing approximately 44,587 sq. ft. and
designated “F” which forms a portion of land known as “Mutton Fish Point” situated about two miles northwestward
of the settlement of Gregory Town on the island of Eleuthera, one of the islands of the Commonwealth of The
Bahamas, and bounded and abutting as follows:- Northwardly by the land now or formerly the property of
Coridon Limited, and running thereon for a distance of 383.56 hundredth ft; southwardly by land now or formerly
the property of Caridon Limited and running thereon for a distance of 393-19 hundredth ft. eastwardly by the
main Queen’s Highway and running thereon for a distance of 113.40 hundredth ft. westwardly by land now or
formerly the property of Coridon Limited and running thereon for a distance of 113.40 hundredth ft. this
neighbourhood is zoned commercial/residential development and is quiet, peaceful and has a topography of
approximately 2 ft. with all utilities and services available.

APPRAISAL: $51,276.00

other information contact

@scotiabank.com or Harry Collie @ 502-3034 * email harry.collie@scatiabank.com Fax 356-3851



4





e











~ Philip White @ 502-3077 email-philip.white

THE TRIBUNE

INVESTMENT OPPORTUNITY

MISCELLANEOUS PROPERTIES



THURSDAY, OCTOBER 30, 2008, PAGE 13B

THE TRIBUNE,
October 30, 2008

WINTON MEADOWS (Lot No. 382)

All that piece parcel or lot of land having an area of 8,300 sq. ft. being lot No. 382 situated in the subdivision known as Winton Meadows, the said
subdivision situated in the Eastern District of the Island of New Providence, Bahamas. This property is comprised of a 24 year old single family
residence with an attached efficiency (formerly the carport) consisting of approximately 2,675 sq. ft. of enclosed living area, front porch-198 sq. ft.,
back patio-380. The building is a two storey house. Besides the efficiency apartment, the house is comprised of 3-bedrooms, 3-bathrooms, inclusive
of a master bedroom suite upstairs. Foyer, front room, dining room, family room, powder room, utility room, breakfast nook and kitchen downstairs.
Climate control is provided by ducted central air conditioning, with air circulation enhanced by ceiling fans and other amenities. Quality of construction:
Average. Standard of maintenance: Average. Effective age: seven years (7) the land is on flat terrain; however the site appears to be sufficiently
elevated to disallow the possibility of flooding under normal weather condition, including annual heavy rainy periods. The grounds are well kept, with
improvements including neatly maintained lawns with flowering trees, and a concrete garden/storage shed, which is located in the backyard. The yard
is enclosed along the sides with chain-link fencing, and concrete block walls that are topped with metal railings, and metal gates at the front and back.

APPRAISAL: $365,000.00

%
Traveling east on Prince Charles Drive, pass the streetlight at Fox Hill Road until you get to Meadows Boulevard, turn right onto Meadows Boulevard, go south and take the 4th left, then 1st right. The subject house

is the 2nd house on the left side painted beige trimmed white.



- LOT LOCATED STELLA MARIS, LONG ISLAND

All that lot of land having an area of 30,000’sq ft, more or less, having a 150 ft of road frontage & running back 200 ft at its most is located within the
Stella Maris Subdivision in North Long Island one of the Island of the Commonwealth of The Bahamas. Located on this property is a 6yr old split level
residence consiting of approximately 3,058 sq. ft. of enclosed living space with 2-bedrooms, 2-bathroms, living, dining & tv rooms, kitchen & breakfast
room, also a garage which serves as a laundry room. There is also attached to the home a 10,000 gallon rain water holding tank & 1,202 sq ft of tiled



=
\ oe

HAMILTON’S, LONG ISLAND

All that piece parcel or lot of land and improvements situated in the settlement of Hamilton's in the Island of Long Island, and comprising of
approximately 13,547 sq. ft. and is elevated approximately 7-8 ft above sea level. This site encompasses a 35yr structure. A simple style home
consisting of two bedrooms, one bathroom, kitchen, living and dining room. the home however is consisted of 2 separate constructions; 613.60 sq.
ft of concrete construction and 624 sq. ft of wooden construction all amenities are to the property such as electricity, water, cable and telephone.

Appraisal: $67,000.00.

The property is accessed by the main Queen's Highway.



LOT NO. 359,
ELIZABETH
ESTATES

All that lot of land being Lot No.
359, in the subdivision known as
Elizabeth Estates situated in the
eastern district of New Providence,
Bahamas & having an area of
approximately 5,000 sq. ft. located
on the subject property is a 22 year
old single family residence
comprising of approximately 871
sq, ft of enclosed living space
consisting of 3-bedrooms, 1-bathroom, living, dining, kitchen & laundry room. The land is flat but
appears to be sufficiently elevated to withstand the annual rain fall. The property is landscaped & contains -
low shrubs, flowering & fruit trees

Appraisal: $123,425.00
Travelling east on Prince Charles Drive, turn through the main entrance into Elizabeth Estates —

Commonwealth Blvd, travel all the way to Thelma Gibson Primary School & turn right — St. Vincent
Ave. the subject property will be located on the next comer on the right side of Jamaica Ave & St. Vincent

Avenue painted all white.

(LOT NO. 62, LOWER
BOGUE) ELEUTHERA

All that piece parcel or lot of land and
improvements, in the settlement of Lower
Bogue, North Eleuthera, being No. 62,
comprising of about 34,210 sq. ft., this
site encompasses a 12 year old single
_ storney home comprising of 4 bedrooms,
3 bathrooms, front room, dining, breakfast
room, kitchen and laundry room, with
a total living area of approximately
2,342.06. Property also includes a double
car garage, and front entrance with a total
sq. ft. of approximately 655.75. This
home is approximately 85% completed.
The property is well landscaped with crab grass, fiascos and some fruit trees.



Appraisal: $229,426.00

This property is situated on the western side of Eleuthera Highway in the settlement of Lower Bogue.



BLACKWOOD, ABACO

All that lot of land having an area of approximately 258,064 sq. ft. This property is yet to reach its highest and best use. It is ideally suited to single or multi-family development as is the nature of surrounding properties within the community.
The site may also serve well as a commercial site as the area remains un-zoned the property remains largely in its original state. It is covered with low brush and broad leaf coppice vegetation intersperse with broad strands of mature Yellow

Pine indigenous to the area. The property is well drained and represents no immediate flooding danger under normal conditions. \

a)

APPRAISAL: $219,354.40

The subject property is vacant and is situated at the Southeastern entrance of the Community of Blackwood, Abaco. The property is undivided. and comprises approximately 6 acres of.a larger tract of land of approximately 26 acres.

LOT NO. 6, BLOCK 2, MILLARS HEIGHTS

All that lot of vacant land having an area of 16,000 sq ft, of the subdivision known and designated as Millars Heights,
the said subdivision situated in the southwestern district of New Providence, Bahamas. This property is zonned multi
family / single family. The land is on a grade and level; however the site appears to be sufficiently elevated to disallow
the possibility of flooding during annual heavy rainy periods of the year.

APPRAISAL: $355,000.00

Travelling west on Carmichael Road after passing Bamboo Shack and East Ave, make a left tum onto West Ave. The
subject property will be on the left handside of the street enclosed with chain link fencing just before Wimpole Street

Lot B, Wilson Street, Rock Crusher

All that lot of land having an area of 10,498 sq ft, being lot B, between the subdivision known as Rock
Crusher and in the vicinity of Perpall Tract situated in the western district of New Providence, Bahamas.
This property is zoned multi family/single family. Also located on this property is a structure comprising
of a duplex at foundation level under construction, and consisting of approximately 1,566 sq. ft. of enclosed
living space with a patio consisting of 270, sq. ft. the starter bars are in place and foundation poured.

Appraisal: $97,214.00

Traveling West on Farrington Road take a right after the P.L.P. headquarters, go about midways
through to Wilson Street, go though the corner all the way to the dead end. The property is located
behind the chain linked fence at the back of the yard.

NORTH ELEUTHERA HEIGHTS (ELEUTHERA)

Lot #20 approximately 11,200 sq. ft., and bounded on North by Early Settler Drive and South by Deal
Investment Ltd., this is a single family zoning and 50 ft., above sea level. This site encompasses a foundation
with plumbing and roughing inplace and well compacked quarry fill. The concrete floor has not been poured
as yet. The foundation is 2,511 sq. ft. Lot #20 situated 1.5 miles east wardly of the Bluff Settlement. The
said lot is vacant and a hill over looking the Atlantic Ocean.

Appraisal: $41,275.00

â„¢, aed

For conditions of sale and other information contact. _
@scotiabank.com or Harry Collie @ 502-3034 ¢ email harry.collie@scotiabank.com * Fax 356-3851

Lot No. 1010 # 1011, Pinewood Gardens Subdivision

All that lot of land having an area of 10,000 sq ft, being lot # 1010 & 1011, of the subdivision known as
Pinewood Garden, situate in the southern district of New Providence, Bahamas. Located on the subject
property is a foundation of a proposed structure. the land is on a grade & level; however the site appears
_ sufficiently elevated to disallow flooding during heavy rainy periods.

Appraisal: $140,000.00

a

Travelling from East Street south, take Sappodilla Blvd then turn onto Pigeon Plum St heading south, the
subject property is located on the corner of Pigeon Plum & Cordia Street.

Lot No. 1036 Garden Hills Estates

All that lot of land having an area of 5,989 sq ft, being Lot No. 1036 of the subdivision known as Garden
Hills Estates, a said subdivision situated in the southern district of New Providence, Bahamas. This property
is vacant land and is zonned residential - single family. The subject property is severely sloping downwards

Appraisal: $65,000.00

Travelling west on.the East West Highway, take the 2nd entrance left into Garden Hills Estates next to Hillside
Mission Baptist Church, travel up the hill on Edelweis Ave to Orange blossom ave. mak a right on orange
Blossom Ave & the subject property is the 2nd on the left side.

Eleuthera - Lot No. 15, North Palmetto Point

All that piece parcel or lot of land containing 22,316 sq. ft. being a portion of a 25.166 acre tract “A” &
being lot # 15 in a development known as Spanish Main situated in the settlement of Palmetto Point on
the Island of Eleuthera, one of the Islands of The Bahamas. This area is complete with all utilities and
services available.

Appraisal: $65,832.00

This property is situatedat Spanish Main just off the Bank Road North Palmetto Point South Eleuthera
district.



Lot B, Marigold Farm Road Allotment 67

All that lot of vacant land having an area of 1,173 acres and being referred to as the plot. the property is lot No. B and
is situated on Marigold Farm Road in the area known as Allotment 67, a subdivision situated in the south eastern district
of New Providence Bahamas, This property is zoned multi family.

Appraisal: $290,000.00
Traveling from Joe Farrington Road onto Marigold Farm Road heading south, The subject is th 2nd to last property
on the left hand side of the road near the pond.

it



y



PAGE 14B, THURSDAY, OCTOBER 30, 2008



THE TRIBUNE

INVESTMENT OPPORTUNITY





NEW PROVIDENCE

Appraisal: $930,000.00

All that lot of land having an area

No. 17 WESTRIDGE ESTATES
= of 30000 square feet, being lot







Number 17 of the subdivision
known as_ Westridge’ Estates
Addition. Situate in the Western




District on the island of New
Providence.

Located on the subject property is
a newly con-structed single storey
structure comprising 6,000 feet of
living space with a. three Car
Garage.

The building is 75% completed and

comprises five bedrooms, four and a half baths study, living/dining, family room,
kitchen, laundry and generator room.

Location: From SuperValue West Bay, take the road heading west into Westridge, take the first
corner on the Right, Westridge Drive. Subject property will be about the seventh on the right
hand side of the road.


















Lot #18 BLOCK #27 VENICE BAY Appraisal $591,955.00

A mulitfamily lot of 12,225 square feet comprising three structures. One
complete unit at the front comprising 1638 and a porch of 200 square feet of
living space. A middle structure (town house) of 1626 square feet of living
space thats 80% complete and the third building at the rear of the property up
to belt course comprising 1627 square feet. Each building has two bedrooms,
one bathroom, living and dining areas and \ OO AAT
kitchen.

Directions: Travelling West on Carmichael Road, turn onto
Bacardi Road. Travel South past Millar’s Pond just before
reaching Bacardi. Turn Right onto paved road after
passing the pond. Subject is located on the Right side of
the road. .













eT

LOT No. 21B FRASER ALLOTMENT
OFF SOLDIER ROAD

Appraisal: $303,000.00

The subject property
consisting of 8,400
square i

developed with a split
| leveled home with 1925
square feet of floor area
‘on the ground floor, a
porch area of 437
; square feet and second
floor area of 735 square
‘ feet. The building is of
sound construction
and completed in_ its

entirety. The ground floor comprises 2 bedrooms, one bath, a kitchen, dining and
family room. The second floor comprises two bedrooms, one bath, living and
dining areas.

Directions to property: Heading East on Soldier Road, turn left onto first paved road opposite
Lowes Wholesale, 2nd to last house on the road with chain linked fence.




LOT 31 TWYNAM ESTATES Appraisal: $456,000.00

A single family property
comprising 11,350 square feet.
Located on this property is an 11
year old single family two storey
residence comprising 3,794 square
feet of living space. The lower
| floor consists of living, dining and
kitchen area. A stairway, bathroom
and other public areas. The upper
floor contains two bedrooms, one
bathroom, Master Suite inclusive
ia of bedroom, bathroom and balcony.

Directions: Travelling East on Prince Charles Drive, turn Right at Super Value Food
Store. Proceed to the T junction. Turn left, then an immediate Right. Property is
located near the Dead End corner on the Right side of the road.



LOT 238 SUN CLOSE Appraisal: $136,000.00
SUNSHINE PARK

Located on this 4,200 square
feet single/multi family __
property is a 20-year-old
building of T-111 wood with
concrete floor, consisting
approxi-mately 2,198 square
feet of enclosed space. The
structure was formerly used as |

a retail store and storage
facility.
Directions: _ From Golden Gates .

Shopping Centre, Baillou Hill Road.
Take the third corner on the Right after passing Farmer’s Market. Take the

second Right then First right (Sun Close) subject is the fourth property on
the Right white trimmed black.

LOT #1440 GOLDEN GATES Appraisal: $335,000.00



Located on this 6,000 square feet
property is a split level single family
dwelling comprising four bedrooms,
two and a half bathrooms, living and
dining rooms, kitchen and TV room.
Attached to the main house is two
one bedroom apartments.

Directions: Take Carmichael Road heading west, turn corner opposite BFM Church,. Cedar
Way, then take first corner on the right, Tangerine Street. Subject will be about the second on
the right hand side of the road.




























FAMILY ISLANDS

ELEUTHERA
Lot #115 GOVERNMENT SUBDIVISION
ALICE TOWN, HATCHET BAY

py f

Appraisal: $101,023.00





Located on this property of 5,500 square feet is a 20-year-old
single family residence of approximately 1,635 square feet of
living space. Included in this home is three bedrooms, two
bathrooms, living, dining rooms and kitchen. The house is in need
of repairs.

PARCEL OF LAND, PALMETTO POINT
ELEUTHERA Appraisal: $112,105.00

All that piece, parcel or lot of land 2,743 feet East of the junction of the
Palmetto Point road and main Eleuthera Highway containing 2.45 acres. This
site encompasses a 28-year-old single storey concrete structure of
approximately 832 square feet of enclosed floor space inclusive of shop space
and rest room facilities. ;



EXUMA

CASTELRAG ESTATES, LOTS 129 & 130
EXUMA HARBOUR SUBDIVISION Appraisal: $673,075.00



The subject property is located on Kingway Road and is
developed with an area of 20,000 square feet. Situated thereon is
a residence comprised of 3,645 square feet of living.
accommodations, inclusive of 4 bedrooms, 2 baths, with laundry
and utility spaces and a two bedroom one bath guest cottage of
600 square feet. The property is fenced with white picket fencing
and has a Gazebo at the highest portion of the property.

EXUMA

BAHAMA SOUND #18
Lots 17663, 17664, 17665

The subject property is being
developed with a single family
split level residence of CBS
construction with 1956 square
feet of living space. The top
floor comprises 1496 square
feet and the lower floor
comprises 460 square feet. All
plumbing and electrical rough

work has been completed. The b oc is completed on the
bottom floor with a portion of the upper floor completed.

Appraisal: $220,180.00



EXUMA Appraisal: $170,047.00

DUPLEX in Lot #6625 Bahama Sound #8 East Exuma, Trapezium shaped
lot 35 ft. above sea level, 10,000 sq. ft. Single storey 10-year-old duplex.
2 bed, 1 bath, kitchen, dining, living room and porch area. Property is
landscaped.

For conditions of sale and any other information
contact:

HARRY COLLIE @ 502-3034
ue Mela A Cee ly UL ey i
ro) .
PHILIP WHITE @ 502-3077
ETM LLL MCs eler TL eri

Send bids to Fax: 356-3851 or P. O. Box N-7518
Rosetta Street, Nassau, Bahamas





THE TRIBUNE THURSDAY, OCTOBER 30, 2008, PAGE 15B



INVESTMENT OPPORTUNITY
MUST SELL




FREEPORT FREEPORT

Lot 23A, Block KN, John Wentworth Avenue, Unit 1} Lot 14, Block 11
BAHAMIA NORTH SUBDIVISION DERBY SUBDIVISION, FREEPORT Appraisal: $112,680.00

FREEPORT GRAND BAHAMA Apprai Lot 14, Block 11 Derby






Subdivision. Located on the
: subject property of 11,250
square feet, is an incomplete
single storey single family
house of approximately 1,008
square feet of enclosed living
space. The space consist of
one bedroom, one bathroom,
living, dining, kitchen. There
_ are porches at the front and
rear entrances.



SHHHSHSOHHOEROSOHHROTTOOHOOHRIONBOE

Located on this Multi Family lot of 23,564 square feet are two incomplete
buildings. Single story Triplex of 3,502 square feet inclusive of Living and
dining area with full service kitchen three bedrooms inclusive of Master
bedroom and two bathrooms per unit.

| a | Lot 1, Block 8, SEA HORSE VILLAGE, BAHAMA.
she cucu geverebeatncenaeae o REEF YACHT & COUNTRY CLUB SUBDIVISION



ee FREEPORT GRAND BAHAMA Appraisal: $290,000.00
Lot No: 37 BLOCK 33, CHURCHILL COURT, a nie...

BAHAMIA MARINA & BAHAMIA 4 SUBDIVISION, | .
FREEPORT, GRAND BAHAMA Appraisal: $337,000.00 '



SS

. “SSE AE Situated on this property of 12,500 square feet is a 36-year-old
. ate : ; Su ses | quadroplex apartment building containing two 2 bedrooms and 2 |.

All that lot of land having an area of 16,533 sq. ft. being lot No. 37 of the | bathroom units and two 1 bedroom, one bathroom units, Each unit

subdivision known and designated as Bahamia Marina and Bahamia Section Sntaine Th tiv acini i d d kitch

4 Subdivision, Freeport, Grand Bahama. Located on this property is a contains foyer, living and dining area, laundry and kitchen.

structure comprising a 3 year old duplex structure which covers

approximately (3,058) square feet. Apartment consisting of two 2-bedrooms,

2-bathroom with private Jacuzzi in master bath, spacious living and dining

room, full service kitchen, a laundry and utility room, foyer/hallway with linen aceccenacnaccscesccsscceocesons

and storage closet. The property is fully secured by six foot plastic coated

chain-link fence runs along the side and rear and adjoins the painted 4 foot

wall, with 5 foot pillars at front with electronic gate.



L_ ttttsenecenecnnnseanecencerneees Apt. 101- FAIRWAY MANOR CONDOMINIUMS |
| FREEPORT GRAND BAHAMA Appraisal: $62,000.00
Lot 96 HUDSON ESTATES Appraisal: $116,190.00 : ta as

e <







Located on this 72x102 feet property is a 16 years old single = , .
family dwelling comprising 1,490 square feet of living space. This | The unit is a one bedroom unit consists of a living and dining room,
includes, a living, dining and laundry room, kitchen, three | bedroom, kitchen, and bathroom. There is a laundry room facility on
bedrooms, two bathrooms, a garage and entrance porch., each floor, a common swimming pool, and fencing with an electronic
gate securing the perimeter of the grounds. The rear boundary of the
subject building is the Ruby Golf Course. The total living area is
approximately 897 square feet. ,

SPSCROSTOLSSLOGHFOSALSHLOHROSHSORLOS

Lot 7 Block 8 - BAHAMIA SECTION IV
FREEPORT, GRAND BAHAMA Appraisal: $799,560.00 —_ sosnuctaausticheeacasthasoitns

Located on the property of 1.08 acres
that has been zoned for multifamily
development are four buildings: A, B,
C and D. Houses A and B are
positioned along the road and they
face each.other. Houses C and D are
located to the rear of the building and
are facing each other, The
constructions of Houses A and Bare
just about completed, houses C and D
are incomplete. The lot is enclosed
with chain linked fence except along
the front where a concrete wall is
erected. A concrete driveway (also
used for parking and about the centre
of the lot) leads from the road and
runs through the middle of the yard
separating House A and B.

APT 402 - FAIRWAY MANOR CONDOMINIUMS
FREEPORT GRAND BAHAMA Appraisal: $62,000.00

The unit consist of two bedrooms, 2 bathrooms, Lot 4, Block GN.
Edward Birch Court, Bahamia North.

Eagh building contains a total area of
two thousand and seventy-two (2,072)
square feet. Inclusive of the entrance â„¢
porch with an area of 182 square feet.

Each. house contains an entrance «
porch, living and. dining rooms and.”
kitchen, three bedrooms, two
bathrooms, a laundry area, adequate
storage and closet space.





Lot 12B, Block LN, Unit 2
BAHAMIA NORTH, FREEPORT Appraisal: $54,000.00

The property is .located on Cadwallader Drive and has an area of
approximately 24,001.56 square feet. It is multi-family zoned,





FOR CONDITIONS OF SALE AND ANY OTHER INFORMATION CONTACT: — :
HARRY COLLIE @ 502-3034 - E-mail harry.collie@scotiabank.com or |

PHILIP WHITE @ 502-3077 - E-mail philipwhite@scotiabank.com |

Send bids to Fax: 356-3851 or P. O. Box N-7518 * Rosetta Street, Nassau, eel elated



‘ | : *



PAGE 16B, THURSDAY, OCTOBER 30, 2008 THE TRIBUNE
















Madeira Plaza Harbour Bay
sete 322-7647 393-6923
TPM Consulting Limited Robinson Road Marathon Mall
| 322-3213 393-4146

THE BAHAMAS CHAMBER OF COMMERCE, THE BARBADOS
COALITION OF SERVICES INDUSTRIES & TPM CONSULTING LTD.
PRESENTS A SPECIAL BUSINESS FORUM

Monday, November 3"4, 2008
8:30 a.m. - 12:40 p.m.
The Sheraton Cable Beach Resort

“Expand Your Business Beyond The Bahamas! Learn from Key
industry Experts on How to do Business in Barbados!”


















-AGEN

(_ 8:30 RECISTRATION © _. ‘Ms. Natasha Boyce, Barbados Coalition of
Service Industries, ‘Doing Business in Barbados’
| 9:00 OPENING REMARKS & WELCOME . oo
Mr. Philip Simon, Executive Director, The
Mr. Winsto 1 Rolle, TPM Consulting Ltd. Bahamds Chamber of Commerce, ‘Doing

~ Business in The Bahamas‘
Ms. Michelie Hustler-Small, Project Manager,

Trade in Services, Barbados Coalition of Service .

Mr. Hank Ferguson, ‘Strengthening Trade
Industries

Between Barbados and The Bahamas '

Mr. Wynthrop Catwell, President, Barbados Ms. Michelle Hustler-Small, Project Manager,
Coalition‘ot Service Industries _ : Trade in Services, ‘The Importance of Strategic

: Alliances in Services Exporting’
Mr. Dionisi» D’Aguilar, President, The Bahamas . a:

Chamber oi Commerce 11:30 QUESTION AND ANSWER
| 9:30 COMPANY PRESENTATIONS 12:00 CLOSING REMARKS
10:00 COFFEE BREAK Mr. Wynthrop Catwell, President, Barbados
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10:30 PRESENTATIONS :

Businuss-to-Business Meeting
are to be arranged by ap;

Please RSVP. — sat cog mie 7 ; ' es Monday, 27th October wm

Contact: Mr. Winston Rolle Tel: (242) 424-6517 | Dress: Business Attire th r u ey

_ Email:tpmconsulting@coralwave.com Valet Service Available ;








tab









RUAN ee

16 Weeks U.S.A. Accredited ===



Ue

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YY
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in Collaboration with
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Advanced
$900.00

Including all materials and registration costs

ty





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Location: _ Lignum Technologies
Harbor Bay Shopping Plaza
East Bay Street

KER






Start Date: November 3, 2008



Days/Time: Mon &Wed from 6pm-8pm.,

Duration: 7 weeks



The deadline for course registrations is

Ambulance
October 31, 2008

ride times

For more information, please contact:

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We

Ve











THE TRIBUNE

THURSDAY, OCTOBER 30, 2008, PAGE 17





















ABBEY IS
PLEASANTLY
SURPRISEP TO
LEARN THE
PETECTIVE

[ SPOKE TO ALAN'S FAMILY, MARGO:
THERE WON‘T BE A FUNERAL, JUST A | APPROVED OF ALAN'S) WRONG
MOVE TO NEW. YORK. /

BEEN WALKING



A FEMALE
HOMICIDE
PETEGTIVG 222°
IMPRESSIVE!






PRIVATE SERVICE IN
MAINE.







D! WE'VE on IT'S OKAY,
Sete HONEY,



© 2008 by Kung Features Syndicate, Inc. World Rights reserved

~ KEY, THE
NEIGHBORS
GOT ONE
OF THOSE
GOOFY YARD
FLAMINGOS

__ wwew.kingleatures.com

HAGAR THE HORRIBLE




C
R-
°
¢
s
a
R
=D



-

LEAVE,



Across
1 Odd or strange Dickensian 2
surname (5) 3
8 Such treatment is always
on hand (8) 4

9 '|.rose, perhaps, in the
basket-making trade (5)

hear (5)

Yesterday’s Cryptic Solution

Across: 1 Make-up room, 6 Oral, 10
Roast, 11 Unsparing, 12 Essaying, 13
Theft, 15 Cocaine, 17 Tornado, 19
Descent, 21 Genesis, 22 Moral, 24
Ennobles, 27 Cold sober, 28 Beira, 29
Lure, 30 Well played.

Down: 1 Mars, 2 Knapsacks, 3 Ultra,
4 Routine, 5 On sight, 7 Raise, 8
Lighthouse, 9 Cast-iron, 14
Academical, 16 Idealist, 18 Austerity,
20 Tremble, 21 General, 23 Ruler, 25
Babel, 26 Band.










HIS FAMILY NEVER “WHATS |

YOURE Cuckoo! THA
JUST A BUNCH OF
LAVIES TALKING!

2 My WIFE WANTS 70 KNOW IF WHEN YOU -
YOU'LL TAKE OUT THE GACBAGE 2
& GS EEA

CRYPTIC PUZZLE |

Down

10 Not in favour of work— 5
puzzling! (8)

11 Characteristic painting is 6
backed by it (5)

12 Main points on an 7
article (3)

16 Aim straight (6)

17 Lack bite? (6) ne

18 Pay back, but not in Mi
silence apparently (3)

23 Ornament, part of a head 14

‘ornament (5)

24 Offer to support and also 15
to reform (8)

25 Proposes changes of 19
residence (5)

26 Highly commendable 20

~-----Speeches. (8)-- ~~. 24 -

27; Fruit to put in the earth, we |} 22

TURNG OUT DEWEY

_ HAD A THING FOR

' GING ANP. EXOTIC
DANCERS.

IN. .
BELIEVE MEY 22.
THIS WOMAN.»
CAN COMPETE â„¢
IN ANYBODY'S mi
WORLD! ... BSS







MAN, IT'S
‘SO REALISTIC
IT ALMOST

THATS |




Check, use sieve again (8)
Biased team and what ;
may be done about it (3-5)
South African politician

joins the French
representative (6)

One in the conspiracy is

an airman (5)

Collector’s piece that’s odd
to us (5)

Sit on the fence or
something similar (5)

Don't go without a pen (3)
Shaky tree best given a
wide berth (3).
Generous applausé goes

to a few (8)
Accidentally catch
something, perhaps (8).
A strangely weak point to | *
open one’s eyes (6) __

The going rate’(5)
Registers a car(6). 0 os.
Smith works at.it to.make . -
money (5)

F

EASY PUZZLE

Yesterday's Easy Solution

Across: 1.Soft-spoken, 6 Lash, 10
Merit, #1 Endeavour, 12 Abrogate,
13 Notch, 15:Imayine, 17 Stamina,
19 Huddled, 21 Genuine, 22 Aegis,
24 Shoulder, 27 Diversion, 28
Drake, 29 Duly, 30 Deep-seated.
Down: 1 Same, 2 Firebrand, 3 Set-
to, 4-Overawé,'§ Endless, 7 Adopt,
8 Hard-headed, 9 Maintain, 14 High-
handed, 16 Illusory, 18 Itinerant, 20
Despite, 21 Grown-up, 23 Gavel, 25
Lodge, 26 Tend.



Why





g SO MUCH FOR
” THE LITERARY

(JUST CALL IT A "SIXTH SEN
—~ s













STEREOTYPE!




Ef
G AY f N
a



©2008 by King Features Syndicate, Inc. World rights reserved.

Across

1

8
9
10

Tt

12
16
17
18
23
24
25
26

27

Period of time (5)
Very drowsy (8)
Investigate (5)
Ancient Paris
fortress (8)

Last round of ~
tournament (5)
Distress signal (3)
Deal with (6)

To some extent .(6)
Put strain on (3)

A grinding tooth (5)
Deeply respectful (8)
Disparage (5)
British long-term
prison (8)

Fierce fire (5)

COMIC PAGE
CALVIN & HOBBES

C7

“COULD YOU H




MY FRIENDS FROG TIER.”



ELP ME FIND A SYMPATHY CARD2Z








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
Sunday :

Sudoku increases from Monday to





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



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. .









strong
winning move?

pattern which alten occurs in

practical play and

Dow

13
14
15
19

20
21

22

which any



n
Guerilla fighter (8)

Moscow prison (8)... ...-

Mediterranean
principality (6)
Merry (5) _,
Brawl (5)

Fixed by
agreement (3)
Secret agent (3)
Tree-dwelling (8)
Former US island
prison (8)
Redemption from
captivity (6)
Self-respect (5)
Prevent from
happening (5)
Most important (5)

or improving amateur needs
to know. Can you spot the right
LEONARD BARDEN
Chess: 8708: 1 Qh6! ded 2 Bxi6 Bxf6 3 Sxh7+!
escapes)

(not 3 Qxh7+? KFS and Black
BgG+! KgB S Gh7+ KIS § Oxf? mate.



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



10/27













hs 4

Tour letters or nore
ean you make fram the
letters shown here? in

aking g word, csxeh



ARGET
Good 20; verP good 80; |
exeatiqu® 38 far mur}. |
Solutions Mondays.

YESTERDAY'S SOLUTION:
abel abul albeit alii:
bait. balti bate beat
beaut BRAUTIRGE
befit belt beta Bite
fea ; aL
Inst le

Tad tile

N

OW
Laas
S SS
Oe
SSS













WIRRSN
N sv ¥
A RREK







=






\\ \

. Vs EVE DEC

Famous Hand

occurred in the 1997 Grand National
Teams playoffs.

East dealer.
Both sides vulnerable.

NORTH After East opened with a weak
o— two-bid and South doubled, West,
VÂ¥KQ63 Chris Compton, muddied the waters
#9652 by leaping to four spades. North, .
®AKI102 convinced there was a slam in the — <
WEST EAST offing, cuebid five spades to ask his
@AQ9874 ®KI106532 © ‘/pariner to choose a suit.
VJ 109 ¥872 South judged that he had a much
@3 4 better hand than he might have had,
#743 #96 so he leaped to seven diamonds.
_ SOUTH Compton then sacrificed at seven
| &— spades. When North passed — invit-
VA54 ing his partner to bird on — South
AK QI1087 could not conceive that his partner
Q85 also held a void in spades, so he cred-
The bidding: ited North with the spade ace and bid
East South, West’ North — seven notrump!
2% Dble 4 54 Compton gleefully doubled and
Pass 7¢ 1¢ Pass led the spade ace, and when the
Pass 7TNT(!) Dble’ smoke cleared, South was down

Opening lead — ace of spades.

On the International Match
Point scale used to score most team
contests, the largest swing a team can

earn is 24 IMPs —- the equivalent of

4,000 or more points. Needless to
say, such a swing is extremely rare.
This is not surprising, since for such
a disparity to occur, one or both pairs
on a team must have a calamitous
result of gargantuan proportions.
Certainly, a swing of this magni-
tude would not be expected to hap-
pen in an event of any major impor-
tance. And that is what makes
today’s deal so remarkable, since it

seven — 2,000 points!
At the second table, the bidding
went:

East South West North
34 5¢ 64 7¢
Dble (!) Pass Pass Pass

East’s double was apparently
intended to show that he did not have
first-round diamond control, and
West left the double in. Seven dia-
monds doubled was worth 2,330
points, which, together with the
2,000 gained at the other table, came
to a tidy 4,330 points — more than
enough to earn the top score on the

IMP scale.

Tomorrow: The handwriting on the wall.
©2008 King Features Syndicate Ine.

\



¢






































PAGE 18, THURSDAY, OCTOBER 30, 2008







































































Bahamian Puppet and Py
his sidekick Derek put

some smiles on your

Malborough Street every Thursday _
vom 3:30pm to 4:30pm during the
P dg

Enjoy Great Food, Prizes and Lots of Fun



THURSDAY EVENING OCTOBER 30, 2008
| 7:30 | 8:00 | 8:30 | 9:00 | 9:30 | 10:00 | 10:30
NETWORK CHANNELS
Check, Please! |The Adventures of Sherlock Mystery! ‘Miss Marple, Series Il: )Mystery! Graves helps Marple in-
WPBT |South Florida {Holmes Holmes investigates the | The Moving Finger’ A hate mail re- vesale the cause of Mrs, Sym-
murder cf a doctor's benefactor. —_cipient is found murdered. mington’s death. (CC) (DVS)
The Insider (N) |Survivor: Gabon Two are voted CSI: Crime Scene Ug (:01) Eleventh Hour Autistic teens
@) WFOR|n (cc) out. (N) © (CC) ‘Let It Bleed’ Victim is the daughter disappear, only to return csplayng
of a wanted criminal. (N) signs of savant syndrome. (N)
Access Holly- |My Name Is Earl Kath & Kim Kath]The Office “Em- (st) 30 Rock ER “Haunted” Morris suntiee
WTV4J |wood (CC) in (\ (CC) ‘wants a lavish ployee Transfer’ |Jack returns from Neela with an unanticipated guest,
wedding. (N) @ (CC) —_|D.C. (N) (N) A (CC)
Deco Drive MLB Baseball World Series Game 7 -- Philadelphia Phillies at Tampa Bay Rays. If necessary. From Tropicana
@ wsvn Field in St. Petersburg, Fla. Alternate primetime line-up includes “Hole in the Wall,” “Kitchen Nightmares” and
local programming. (Live) (CC)
Jeopardy! (N) [Ugly Betty “Ugly Berry’ Competition/Grey’s Anatomy Bailey and a team |(:01) Life on Mars Sam's attempt to
WPLG (cc) nN bos ey Kimmie heats of surgeons must remove a young save a woman under assault oul
up. (N) (CC) girl's inoperable tumor. (N) him back into his past. (N)
CABLE CHANNELS |
: (:00) CSI: Miami |The First 48 A woman is killed in a |The First 48 “Better Days; Wildflow-|Jacked: Auto |dacked: Auto
A&E Double Cap” 1 ey attempt; young woman and Jers” A man is shot outside his home. | Theft Task Force|Theft Task Force
_ |(CC) her baby are murdered. (CC) (CC) (N) (CC) (CC)
(0) BBC World |BBC News Asia Business {BBC News The Reporters |News
BBCI ews America |(Latenight). |Report (Latenight).
106 & Park: Top [Hip-Hop Awards ’08 Top hip-hop artists are honored in the third annual |American Gangster (CC)
BET ceremony; host Katt Willams (CC)
Jeopardy! (N) |The Nature of Things (N) ( (CC) [Doc Zone “Rude: Where Are Our {CBC News: The National (N)
csc) jee" Manners?” (N) (\ (CC) (Cc)
CNBC (:00) Wall Street Crisis: ls Your Money Safe? On the Money The Big Idea With Donny Deutsch
:00) Lou Dobbs {Campbell Brown: No Bias, No —_jLarry King Live (CC) Anderson Cooper 360 (CC)
CNN |fongiticg |
Scrubs JD wres- |The Daily Show |The Colbert Re- |Futurama “An- South Park South Park (CC) |The Sarah Sil-
COM tles with his feel- {With Jon Stew- {port (CC) thology of Inter |“Stanley's Cup” verman Program
ings. O art (CC) est No. 2” (CC) |(CC) “Pee”
Hannah Mon- | TWITCHES TOO (2007, Mystery) Tia Mowry, Tamera |(:35) Wizards of |Wizards of Wa- |Life With Derek
DISN tana “Joannie B. |Mowry. Sisters uncover evidence that their missing fa- |Waverly Place |verly Place "Fright Night” 0
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DIY This Old House |Ask This Old |Yard Crashers |Blog Cabin Blog Cabin Hollywood Habitat for Humanity
1 (CC) House (CC) |Outdoor theater. :
Maybrit Illner Thadeusz Journal: Tages- {Bundesliga Kick Journal: In Euromaxx
OW, ee
E! The Daily 10 (N) |Heidi Klum: The E! True Holy Kimora Lee Simmons: The E! _—_|Stars Without . |The Girls Next
" wood Story Heidi Klum. © (CC) {True Hollywood Story (CC) — |Makeup Door
College Football South Florida at Cincinnati. (Live) (CC) SportsCenter
ESPN (Live) (CC)
Beisbol Esta |MLB Baseball World Series Game 7 -- Philadelphia Phillies at Tampa Bay Rays. If necessary. From Tropicana
ESPNI Noche (Live) [Field in St, Petersburg, Fla (Live j
Daily Mass: Our |Life on the Rock The Holy Rosary|Catholicism on |Life Is Worth
EWTN renee ems) Ug
FIT TV (00) Lo Max: — Art of the Athlete “Kristi Yam- Insider Training “Football” NFL ath-|FitNation “Barefit and Pregnant’ |
athe Friedrich /aguchi” Kristi Yamaguchi. M (CC). jletes. (CC) Healthy pregnancies. (CC)
Fox Report- |The O'Reilly Factor (CC) Hannity & Colmes (CC) On the Record With Greta Van
FOXNG Satin ie
/FSNEL_ Nt Hockey Ottawa Senators at Flonda Panthers. From the BankAllanc Center in Sunrise [Panthers Livel |The FSN Final
Fla, (Subject to Blackout) (Live) (Live) Score (Live)
PGA Tour Golf Ginn Sur Mer Classic -- First Round. From Florida. - Golf Central
| GOLF (ive
Catch 21 (CC) [Who Wants to Be a Millionaire © |Family Feud |Family Feud © Catch 21 (CC) [Pyramid 0
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| (:00) Attack of /X-Play (N) Lost “What Kate Did” 1 (CC) Cops 2.0 Erratic |Cops 2.0 0
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(00) Walker, | Walker, Texas Ranger Wealth LADIES OF THE HOUSE (2008, Drama) Pam Grier, Florence Hender-
HALL __ [Texas Ranger _ [teens decide to clean up Skid Row |son, Donna Mills. Three women work together to remodel a house. (CC)
“Money Train’ {by Killing the homeless. (CC) |
Property Virgins Holmes on Homes ‘Blind Faith” |The Fix Steve _ [Disaster DIY (N) Home to Flip (N)|Real Renos (N)
HGTV eng ie a Charitable auction. (CC) and a base-| (CC) A (CC) ‘0 (CC) |
e. ment.
| INSP Joyce Meyer: [Love aChild {inspiration To- {Life Today With |This is Your Day|The Gospel
| Everyday Life |(CC) day James Robison |( C) Truth (CC) |
The Wayans Wife and [Accordingto |Family Guy Meg |Family Guy [Two anda Half [Two anda Half
KTLA Bros. ‘New Kus “Graduation |Jim Jim makes a|cannot finda — |’Don't Make Me |Men Alan breaks |Men Jake ges |
Lease on Life” _|Day” (CC) neighbor cry. — {promdate. 1 — jOver’ (CC) {down. |therapy (CC) |
Still Standing Reba “Reba and |Reba Reba se- |SOLSTICE (2007, Horror) Elisabeth Hamois, Shawn Ashmore, Tyler |
LIFE Lauren bullies a |the Landlord’ (1 |cretly gets laser |Hoechlin. A teen believes that her dead twin is trying to contact her. (CC) |
classmate. (CC) |(CC) eye surgery. 1
} :00) Hardball {Countdown With Keith Olber- |The Rachel Maddow Show |Countdown With Keith Olber-
MSNBC (ee mann : imann \
| Drake & Josh |SpongeBob _[iCarly Halloween |Home Improve- |Home Improve- |George Lopez George Lopez
NICK = [Ac SouatePants A webost |ment (cc) (ment (0 (Cc) | (CC) nc
(:00) Knight Rid-|Survivor: Gabon Two are voted [The Real Housewives of Orange |News (N) — |News
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| er (1) (CC) out. (N) © (CC) County (CC) |(CC)
Pass Time Pinks - All Out From Reading, Pa. [Pinks ~ All Out From Gainesville, |Wrecked Illinois |Wrecked
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Joni and Behind the Michael Youssef |Bishop T.D.. | This Is Your Day|Praise the Lord (CC)
'TBN Friends (CC) {Scenes (CC) |Dr.Michael_ Jakes (CC) —_—‘|(CC)
| Youssef. (CC)
| Seinfeld Jerry [Friends Rachel Friends Monica |Friends ( (CC) |Friends Ross | * x THE HONEYMOONERS
‘TBS tries tohelp {has sexy co- runs into Richard has a bitter fight |(2005, Comedy) Cedric the Enter-
|. cafe's business. |worker. ( (CC) Jat store. with Rachel, _|tainer, Mike Epps. (CC)
(:00) LAInk ~ |Overhaulin’ “All in the Family’ The |American Chopper “Schussler —_|LA Ink “Cover Girl” Kat will be fea-_|
‘TLC Cruefest” Métley |team works on a 1967 Dodge A100 |Bike” (N) © (CC) tured on a magazine cover. (N) (CC)
| Criie. (CC) truck. (CC)
(:00) Law & Or- NBA Basketball Houston Rockets at Dallas Mavericks. From American Airlines Center in {NBA Basketball:
| TNT te ‘Admissions” |Dallas. (Live) (CC) Homets at Suns
‘TOON Glen: Dude of (Goosebumps ‘Welcome toDead [Total Drama ls- [Johnny Test © [Total Dramals- {Total Drama Is- |
| the Living Dead |House” 1 foc) land (N) (CC) land land
| Cops 1 (CC) [Speeders (N) |Speeders Fight |Smoking Gun Presents: World's {Smoking Gun Presents: World's
TRU ; Back (N) Dumbest (N) Dumbest |
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| (1) Querida {Cuidado con el Angel Marichuy es |Fuego en la Sangre Hermanos ~—_|La Rosa de Guadalupe ‘Jamas Se-
UNIV nemiga una joven criada en un hospicio. — |buscan venganza. cuestraran Tu Alma” La hija de una
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(:00) NCIS ‘The |House House resists lean fa- |House “Games” House assigns the House “Frozen” House and his
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THE TRIBUNE THURSDAY, OCTOBER 30, 2008, PAGE 25



Commonwealth Bank

5





(i gentle giant of a man who I¢nt his considgrable wisdom,
Kind nature and gndli¢ss patigneg to help build’busingss through
common s¢ens¢g and uncommon trust and loyalty.

NAN NERA ORMOND NEARING LANG NONLIN SADDENED OI NGA OSERE ICSD SSN RESALES SSN ORRIN RNIN

Franklyn A. Butler, O.B.E..

Ba May 24, 1938 - October 24, 2008

Lpatedisnaeninralaameaspdipeamnparmamaeeannpnaremendatilnnanirenaseamnaneiaananasaaasnteisanetiamanamarsimanenanecanetmaneeerenee a ntare tete e e TU ATE e e TT eree te eteTeeCn nee
eRe RAIA UNNI AES AL OENT RRA AOA NMEA PSITTACI AD NONE

ia Pin a
ee rn eae cena ASE SANSONE STRODE ANAL AAES TSE SOFC) MAGS RENAE SEONG



On behalf of the Board of Directors, Management and Staff of Commonwealth.

| Bank, we express deepest condolenegs to his family and to all those in the

| many busingss¢s whosg lives he touched. He served as a Dirgetor with honour
‘i and distinetion for nearly a quarter of a eentury and his loss will be sorely felt.

| Softly in the morning, you hgard a gentle eall, gou took the hand God offered
you, and qui¢tly Ieft us all

shing on his memory in eternity.

“_@ “|



;
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|
May the limelight he shicd away from in lifg, and that he so richly deserved |
:
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|





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IN TODAY’S TRIBUNE

SEE PAGE 198






Theft suspect

Man allegedly produced
handgun during a.

confrontation with officers i

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

POLICE shot a man sus-
pected of theft in the Yellow
Elder Gardens sub-division
yesterday after he allegedly
produced a handgun during a

confrontation with officers.
Police responded to a com-
‘plaint of thieves stealing car
parts from a vehicle in Mary
Outten Road, near Millenium
Gardens, shortly after 10am.
Uniformed and plainclothes
officers went to the area and
saw two men fitting the

SEE page eight



INVESTIGATING OFFICERS on-the scene sat yesterday's shooting | in

Millennium Gardens.

Photo: Tim Clarke/Tribune staff

+ Village Rd. Reundaboud

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DORIS DARLING filled in 143 $1, 000 Saturday coupons and is this
week's Caught Red Handed $1, 000 winner. She is pictured receiving
her cash prize from Patrice Fisher, Circulation Manager.

Court of Appeal upholds
man’s flogging sentence

lm By NATARIO McKENZIE

THE Court of Appeal yes-
terday upheld the flogging sen-
tence of a man convicted of bur-
glary, causing harm and the
attempted rape of an Soca
old woman.

In October, 2006, Siiprcine
Court Justice Jon Isaacs
ordered that Alutus Newbold,
37, receive eight strokes of the
rod - four on admission and
four on release.

In addition, Newbold was
sentenced to 16 years in prison.
The Court of Appeal yesterday

dismissed Newbold’s oes

against his sentence.



In their ruling yesterday, the
Justices of the Court of Appeal
stated: “In the circumstances
we are bound to hold the impo-
sition of corporal punishment
for an offence of burglary, even

a first such offence is constitu- :

tional and a judge of the
Supreme Court may, in his or
her discretion, sentence a con-
victed person to such a punish-
ment.”

The ruling added: “Yet we
bear in mind that justice should
be tempered with mercy and
that in light of what his intend-
ed victim taught him by her

SEE page nine

Christian Council
demands to screen
every music act
coming to Bahamas

@ By ALEX MISSICK

THE Bahamas Christian
Council is demanding that
every musical act that comes
to the Bahamas must be
screened by them before they
are allowed to perform at-any
venue in the country.

This comes after the protest
by Bahamas Against Crime
against the headlining perfor-
mance of Jamaican reggae
artist Mavado at this year’s
Millennium Countdown con-
cert, scheduled to begin today.

President of the Bahamas
Christian Council, Rev Patrick

Paul, at press conference yes-
terday said any artist whose
lyrics promote violence, degra-
dation of women, and lack of
concern for Christian virtues,
should not be given free access
into the Bahamian communi-
Lys: 3

“The information we
received three weeks ago
‘about Mavado and Bounty
Killer, indicates that they use
despicable language which is
directly opposite to the Chris-
tian values that we seek to
promote in our country,” Mr

SEE page 11

Vendors claim some Haitians have
returned to work in Straw Market

@ By CHESTER ROBARDS
Tribune Staff Reporter

TENSION continues at the Straw Mar-
ket as Bahamian vendors say some Haitians
have returned to work and that a govern-
ment minister is to blame for their return.

Stall owners upset over the return of the
Haitians accused Minister of National Secu-
rity, Tommy Turnquest, of allowing some
vendors to bring back their Haitian workers, |
contrary to Minister of Immigration

Branville McCartney’s efforts to get them

out.

Only on Tuesday, according to one vendor, a Haitian woman
was escorted out of the market by eight policemen. However,

SEE page nine





CONVICTED MURDERER’ § LIFE
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PAGE 2, THURSDAY, OCTOBER 30, 2008 THE TRIBUNE






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news

The Tribune wants to hear
from people who are

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THE TRIBUNE

THURSDAY, OCTOBER 30, 2008, PAGE 3



0 In brief

Help us with
armed robbery
investigation,
say police

POLICE are appealing to the
public to assist them in the
investigation of an armed rob-
bery of the Shell Service Station
on Wulff and Marathon Roads.

Shortly after 8pm on Tues-
day, a masked gunman entered
the service station and robbed
an employee of cash.

The robber then escaped in a
waiting, heavily tinted, Honda
Accord with the registration
number 196319.

Police are now searching for
the gunman and the vehicle.

Anyone who has seen this
vehicle is asked to contact the
police at 919, 502-9991, 328-
TIPS or nee nearest police sta-
tion.

Residents voice
anger over
Eastern Road
project

Several residents living in the
eastern part of New Providence
yesterday expressed irritation
upon seeing workers “re-paving
Eastern Road and immediately
afterwards, digging it up again.”

Water and Sewerage began
digging trenches in the road to
replace old pipes in the area
before the start of the school
year.

One angry San Souci resident
yesterday told The Tribune: “At
this moment in time they are
paving back up what supposedly
was finished and Water and
Sewerage has a digger digging it
up right behind them.

“It’s pathetic. Never in my
life have I seen a project take
this long. We’ve had enough!”

A message left for general
manager of Water and Sewage,
Godfrey Sherman, was not
returned up to press time.

Correction

In an articlé published in
The Tribune on Wednesday, it
was stated that former prime
minister Perry Christie accept-
ed an offer from the Chinese
government in 2004 to give the
Bahamas $30 million to build a
national stadium. According to
Minister of Youth and Sports
Desmond Bannister, this is a
“common misconception.” The
truth of the matter is that the
Chinese government offered
to build a stadium, which,
when completed, would be val-
ued at $30 million.

It was also suggested that
when completed the new
national stadium will provide a
venue for softball and baseball,
after the stadia formerly used
for these sports were demol-
ished to make way for the new
national stadium in 2006. .

Instead, said Mr Bannister, a
$1 million allocation was made
in this year’s budget to build
separate venues where those
games can be played.

Ohama goes
prime time

MIAMI -



Democratic presidential candi-
date Barack Obama plunked
down $4 million for a campaign-

closing television ad last night, :

summoning voters to "choose
hope over fear and unity over
division" in Tuesday's election,
according to the Associated Press.
Republican John McCain derided
the event as a "gauzy, feel-good
commercial," paid for with bro-
ken promises.

"America, the time for change
has come," Obama said in the
final moments of the unusual ad,
a blend of videotaped moments
and a live appearance before
thousands in Sunrise, Florida.

"In six days we can choose an
economy that rewards work and
creates jobs and fuels prosperity
starting with the middle class,"
Obama said.

The 30-minute ad; aired on
CBS, NBC, Fox and several cable
networks, came just days from
the end of a race in which Obama
holds the lead in polls nationally
as well as in most key battle-
ground states as he bids to
become the first black president.

Republicans and even some
Democrats said the race was
tightening as it neared the end.

TROPICAL
EXTERMINATORS

. PEST CONTROL
PHONE: 322-2157



COURT OF APPEAL: Angelo 'Nasty' Brennen

Convicted murderer’s life sentence upheld

MBYNATARIO MCKENZIE a Judges reject Crown’s argument
that punishment was too lenient

THE Court of Appeal has
upheld the life sentence of a
man convicted of the October
2004 daytime slaying of a moth-
er and the attempted murder of
her daughter.

The Crown had.appealed the
life sentence of Angelo 'Nasty'
Brennen on the ground that it is
unduly lenient. Brennen was
initially sentenced to death in
November 2005 for the murder
of Ruthmae Pinder, which took
place on October 29, 2004. Ms
Pinder was shot and killed at a
bus stop on Farrington Road,
while standing, with two of her
daughters — Calvonya Grant
and Amy Pinder. Ms Pinder
was shot twice that day, one
bullet puncturing her lung and
the other her left side. Ms

Grant, her daughter, was also.

shot during the incident.
According to evidence adduced
at the trial, Brennen and the Ms
Pinder had been in a relation-
ship for about two years. Ms
Pinder had attempted to end



“In the final
analysis the judge
found that there
were mitigating
factors present and
that the offence did
not fall within the
worst case category
to justify the
imposition of the
death penalty.”



the troubled relationship six
months before she was killed.
Brennen was sentenced to
death for the murder and sen-
tenced to 25 years imprison-
ment for the attempted murder

of Ms Grant. In light of the
Privy Council’s 2006 decision in
the appeals of Forrester Bowe
and Trono Davis which ren-
dered the mandatory death sen-
tence for murder invalid, Bren-
nen was re-sentenced in June
2007 to a term of life imprison-
ment. Crown prosecutors how-
ever contended that the trial
judge had failed to attach suffi-

. cient weight to the facts and cir-

cumstances of the case and that
the sentence was unduly lenient.

In their ruling however, the
judges of the Court of Appeal
stated: “There is in our view,
clear evidence to suggest that
the motive for the murder was
rooted in his jealously and prob-
ably despair, at the probability
of losing the affection of the
object of his preoccupation or
obsession. It is basic humanity
that the courts are enjoined to

- Thieves plundering empty

govt-built homes — claim



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

~ WINDOWS, doors and
bathroom fixtures have
reportedly been stolen from
low-cost government-built
homes in the Dignity II Sub-
division while they stand
largely completed, but with
homeowners locked out, a
frustrated buyer claimed yes-
terday.

The woman buyer, who
wished to remain anonymous,
said her house was finished a
year and a half ago in April,
2007, but the Ministry of
Housing has yet to offer those

who put down deposits for the

homes a date to move in.
Now, with her mortgage
payments: due to start.at the
beginning .of November, the
concerned buyer is worried
about how she will be able to
meet that $932 per month
obligation while still paying
$650 rent on her current
accommodation. The woman
claims she was told by Leslie
Dean, chief housing officer at
the Ministry of Housing, that
the delay came about because
infrastructure to deliver elec-
tricity and water to the homes
has yet to be completed. In
her opinion, the ministry is
“dragging its feet”.
Yesterday, Minister of
Housing Kenneth Russell
denied this was the case, blam-
ing the delay on the former
government instead.
Confirming that there was
no infrastructure installed for
the homes when his party
came to office in May, 2007,
he said the hold-up in moving
ahead with installation of
water, sewerage and electrici-
ty all came down to the former
government leaving the Ingra-

eater: yo Hl

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ture in.”

“There was nothing we
could do if we had no money.
But the infrastructure is now
in place and we are now mov-
ing expeditiously to get all the
houses repaired so that the
people can move into the
houses,” said Mr Russell.

He added: “The electricity
was completed about a week
ago, the sewerage system was
completed about a month ago,
and the water was completed
about a month and a half ago.

“We hope that we can get
those people in there by
Christmas at least,” said the
minister.

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examine in determining
whether the appropriate and
proportionate punishment
should be less than death.”
The ruling went on to state:
“In the final analysis the judge

found that there were mitigating
factors present and that the
offence did not fall within the
worst case category to justify
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PAGE 4, THURSDAY, OCTOBER 30, 2008

THE TRIBUNE



SOLUS) TP US SUAS TO THE EDITOR

The Tribune Limited

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

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

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

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

Publisher/Editor 1919-1972
Contributing Editor 1972-1991

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

Publisher Boner 1972-

Published Daily Monday to Saturday

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

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

Mediocrity holding country back

ALTHOUGH what she said was politically
incorrect, it was true. It was something that
should have been said a long time ago. It is a
truth that needs no debate, but calls for imme-
diate action if our tourist-based economy is to be
saved.

If Tourism Director General Vernice

Walkine had her way she would open employ-

_ ment in the tourism industry to foreigners. This

would give the industry a larger pool from which

to draw. There would also be freedom to fire
those who did not measure up.

In her view the service industry was suffering
because too many of its workers were not meet-
ing international standards. However, if the

industry had a larger employment pool from .

which to draw “those people who are Bahami-
an citizens who are employed, would know that
if they didn’t buckle up and do what they are
supposed to do, they would be fired right’ away,
because they can be replaced immediately.”

She agreed with her radio talk show host
that visitors didn’t really care who served them.
They were only interested in receiving the ser-
vice for which they had saved to afford their
vacation.

This is what has always held the Bahamas
back — the slackness of a work force that knows
no matter how badly its members perform, they
cannot be replaced.

And they cannot be replaced because no one
is available to replace them.

It is this protection of mediocrity that has
always held this country back. Businesses can
only progress as far and as fast as their workers
permit.

And if they refuse to improve or exert them-
selves there is little that employers can do —
other than fire them and do the job themselves.

Politicians are wasting their breath talking
about improving the civil service without hold-
ing them to performance standards, which, if not
met would cost them their jobs. Instead these
people perpetuate their incompetence as they
are moved from one ministry to another. This
cradle to the grave crutch, never made an hon-
ourable, productive citizen of anyone. Why
should anyone make an effort, if the state
ensures a comfortable job from which they can-
not be fired?

No wonder it’s the ambition of many
Bahamians to be a civil servant.

“Honestly,” said Ms Walkine, referring only
to the slackness in tourism, “there are some I
would really get rid of, but you know, it’s not
that easy. We don’t have the ability in this coun-
try. We can’t fire our citizens.” This is true, so
what does the country expect?

All this goes back a very long way. The late

Sir Lynden Pindling in his climb to power made
many pie-in-the-sky promises that were never
kept. Bahamians were encouraged to believe
that to be hewers of wood, and bearers of water
was beneath them — didn’t you know that that’s
“Haitian work?” As a Bahamian recently
remarked, if it weren’t for Haitian labour, this
country would collapse.

When the PLP came to power in 1967, they
were too anxious to dismiss those foreign civil
servants who, if their services had been retained,
could have trained Bahamians to replace them.
Instead unqualified Bahamians were catapulted
into jobs for which they were not prepared. It
has been a downhill slide ever since.

Over time there were those in the PLP who
seemed to believe that a darker skin gave them
a better chance of landing a lucrative job.

We vividly recall the day that a highly
respected Over-the-Hill businessman, then in his
senior years, came to see Sir Etienne Dupuch at
The Tribune. They had been friends for many
years. The fact that he had joined the PLP, had
not interfered with this friendship.

On this particular day Sir Etienne’s friend
was visibly shaken.

We do not remember the details of his story,
but recall that he was at a PLP meeting where
persons were running for office. Sir Etienne’s
friend had been nominated.:-A quarrel then
broke out when a young, loud mouth jumped up
and announced that he was more qualified for
the position. As far as anyone knew all this
young man had going for him was bumptious
youth, whereas the older gentleman had quali-
fications that could have benefited the young,
inexperienced party.

The younger man ordered the older man to
roll-up his sleeve and hold out his arm. The
younger man did the same. The two arms were
held side by side. One was a deep chocolate
brown. The other was ebony black. The young
man offered nothing more as qualifications than
his blackness — merit never entered into it.

Over the years this country has suffered
from the mediocrity that had become
entrenched in this party.

No matter how qualified a Bahamian, his
qualifications were not recognised or rewarded
unless he were a card-carrying PLP.

And if the-attitude of the young man who
had so upset Sir Etienne’s friend were in fact
embraced by the party, then obviously the wor-
thiness of a PLP was also measured by the shade
of his skin.

If this country is to climb out of its Third
World morass, Bahamians are going to have to
demand that only persons of ability and integri-
ty lead them forward.



Quality Auto Sales

A reckless approach
to other people’s |
lives and money

EDITOR, The Tribune.

I recently attended the Glob-
alisation Conference that was
held at the Sheraton Nassau
Beach. This conference was
sponsored by the Bahamas
Chamber of. Commerce and
other business organisations.
The special guest at the session
I attended was the Minister of
State for Finance the Hon.
Zhivargo Laing.

As I sat and listened to the
young minister I could not help
but reflect on the disastrous
state of our economy and how
successive governments since
1967 have brought this cata-
strophe on our country. In his
ramblings, the young minister
attempted to explain the gov-
ernment’s response to the coun-
try’s economic crisis. In doing so
he alluded to the fact that Cuba
was coming back and would be
a threat to our Tourism product.
It amazes me that every time
an Official in our country men-
tions our tourism industry they
always find a way to bring Cuba
into the picture. Cuba is always
talked about as though we in
the Bahamas did not have a
tourism product of our own.

Unfortunately, the people
who are in Government today
and those who have governed
since 1967 have forgotten their
motivation and have lost their
way.

This is especially the case
with this present administration,
since they are now able to asso-
ciate with people who would
not have talked with them
before...

These hungry belly full are
like the messenger who stayed
too long at the King’s table, not
only did he (the messenger) for-
get his message but he also for-
got his way. *

Of course, I hold no disap-
proval of a messenger who
becomes weary and finds it nec-
essary to replenish himself
because he is hungry and tired.
However, he should not allow
his belly to cause him to lose
his way and forget his message.

There was a time in the
Bahamas when every Ameri-
can visitor was allowed to bring
back to their country, the USA,
Sqts of liquor or alcoholic bev-
erage, regardless of age, gen-
der, or race.

As a veteran in the Hospital-
ity Industry, it is good when one
is able to retain and is able to
recognise the facts as they once
were.

Another of these facts is a
story about Adam Clayton
Powell. At the time he was a
senior and a very powerful
influential member of Congress.
Mr Powell introduced a bill in
the American Legislature which
raised concerns about the
American liquor industry.
Because of its tremendous

DAMS

letters@tribunemedia.net




effect following its passage, the
Bahamian liquor industry was
greatly affected in 1965.

Incidentally, following the
passage of the Powell Bill the
visitor had to be twenty-one
years old and he or she was only
allowed one quart. It was a
tremendous blow to the econo-
my of this country.

The government at the time
was the United Bahamian Par-
ty (UBP). Back then Congress-
man Powell was a frequent vis-
itor to the Bahamas and I recall
that he spoke at several political
rallies.

I don’t remember him being
associated with the UBP gov-
ernment. My fondest memory
of the good congressman was
his association with the oppo-
sition. On January 10, 1967 the
government changed.

It is my belief that the oppo-
sition’s association with the late
Adam Clayton Powell influ-
enced the change.

There is an old proverb which
says that you must not cut off
your nose to spite your face. It
causes you to look like a fool.
When one is endowed with gifts
as I have been blessed, things
that would appear as random
to most people become patent-
ly clear to me. In 1954 there was
a shooting in Youngs Town,
Ohio at a particular learning
institution. Those who were
responsible made it look like a
random shooting. At the time I

recalled myself questioning the
matter. I was later proven to be
correct when keener minds
along with law enforcement
officers in Youngs Town solved
the case and laid the foolish-
ness of a random shooting to
rest. I travelled. to the United
States in September of 1965 to
see my mother. Accompanying
me on the trip was one of my ©
four sons. This son’s name was
Charles Poitier, my name.

So today, October 2nd as I
sat and listened to Minister
Laing talk about the global
effect of money, Tourism and
investment in the Bahamas
along with the name Kerzner
and diversification through
Agriculture and mentioning at
the same time the financial
dilemma going on in the US
today, he included borrowers
at the Development Bank.

He ended with his usage of
the words “ninja'loans” a term
used by Jack Kafferty of CNN
expressing his outlook on the
current financial crisis in the US
and the 700 billion dollar res-
cue plan and the need to have
such a move because of the way
the banks made these monies
available.

III end now, not because I
don’t have more to say.

I now. wait for a response
because there could be no .
defense for people being so
reckless with other people’s
lives and money.

MR CHARLES
POITIER

Owner, )Taxi No. 509,
Nassau,

October, 2008.

FNM should stick to Hubert
Ingraham, a proven winner!

EDITOR, The Tribune.

*

During my traveling throughout New Providence, I’ve heard
“mild” conversations about whether or not the Prime Minister
will lead the FNM into the next general elections in 2012, or who
will lead the FNM, or who has the ability to lead the FNM.

I’ve already scrutinised the sitting Members of Parliament and
Cabinet Ministers and concluded that neither has what it takes “at
this time” to win the next general election for the FNM. Prime Min-
ister Ingraham is a winner. And he is a politician in a class all by
himself. In 2007, he delivered the knockout blow to the PLP. And
in 2012 he will be needed to put the dagger in the heart of the PLP.
Recent alleged events and many more are evidence why the PLP
needs to stay in opposition for at least another twenty years.

The leadership of Prime Minister Ingraham is needed badly to
protect us from the greedy and selfish PLPs who continue to
destroy the good name of this country. Those selfish PLPs among
them who act as if the public treasury is their personal bank account

need to stay in opposition.

The PLP is bad for this country. The PLP is bad for the next and

future generations of this country.

A word of advice to the hierarchy in the FNM, only Prime Min-
ister Ingraham can beat former Prime Minister Christie. *

PAT STRACHAN
Nassau,
October 21, 2008.

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THE TRIBUNE

THURSDAY, OCTOBER 30, 2008 , PAGE 5



Yours for up to $7m — a high-rise apartment

m@ By MEGAN REYNOLDS .
Tribune Staff Reporter

LUXURY homes in the
Bahamas' first high-rise apart-

ment building will be available

to buy for $1.3 to $7 million
starting in-the middle of next
year.

Prices increase as apartments
ascend the ten-storey Ocean

$1,500,000 annually in real
property tax. And despite the
current economic gloom, apart-
ment prices have recently been
raised by up to $300,000. Exec-
utive director of contracts and
marketing Robert Rose said:
“We are ‘seeing a lot of inter-
est: people are wanting to put
their money in an economic safe
haven like the Bahamas.”

And with luxuries like 24
hour security, valet, an eleva-
tor that opens into your apart-
ment and a 50 boat marina, as
well as swimming pool, gym,
and conference centre, Ocean
Place hopes to attract those with
a love of the luxurious,

The apartments are sched-
uled for completion in summer
2009.





MEMBERS
of the press
were given
a tour of
the luxury
apartments
at Ocean

| Place on

Place on the harbour, and the
view expands from Nassau har-
bour, Atlantis and the Ocean
Club Estates golf course to pan
across to South Ocean and
Rose Island.

The nine two-storey luxury
penthouses are at the dizzying
heights of the ninth and tenth
floors, while 70 two and three
bedroom units are on the floors
below. Each is fitted with a
touch-screen automation sys-
tem to control the air condi-
tioning, lighting, music and tele-
vision from home or abroad.

A 50 inch plasma screen tele-
vision, sub-zero refrigerator, top
of the line appliances, granite
counter tops, solid wood cabi-
nets, a steam shower and jacuzzi
are also a part of the package.

Director of Peace Holdings
Ltd Albert Ballard said:
“Bahamians are running the
company, running the project,
and we can see the quality of
work. Even the decorating.
Every single thing is unsur-
passed.”

The $150 million project has
employed 200 Bahamians in
development, and will generate
$13,500,000 in stamp tax and

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and conditions: Advertised fares require a roundtrip purchase and a 2-night minimum stay. Fares
are valid for purchase October 30 -November 6, 2008. Travel must originate in Nassau and is valid
BR , from October 30 - November 30, 2008. Travel must be completed by November 30, 2008. Tickets
must be purchased and paid at the time of booking. Tickets are non-refundable; any changes
will incur a minimum $150 fee. Taxes/fees: Fares do not include a federal excise tax of $3.50 per
segment (a flight segment is defined as a takeoff and a landing), the September 11th Security Fee —
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apply; visit usairnways.com/baggage for details. Fares purchased through our Reservations desk or
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PAGE 6, THURSDAY, OCTOBER 30, 2008

Mie ee eee ee

Row sparked by towing e

@ By LLOYD ALLEN
Tribune Staff Reporter



WHAT started as a claim of
police favouritism in a car towing
exercise has evolved into a row
over the enforcement of parking

Dowdeswell Street were surprised
to discover that the police had
towed more than a dozen vehicles.

The officers, from the Tourism
Police Station, claimed that the

- cars were parked illegally and were

causing an obstruction to traffic.

zone guidelines.
Earlier this month, several
motorists who had parked along

expressed anger that one car —
belonging to Baillou Hills MP Sid-

.
\
“

N WAAC

NASR S
erat ene eras

NR irre LOreEReanTe

Friday, November 7th, 2008 « 7:30

Those whose cars were towed |

ney Collie — was not removed.
They claimed the police were dis-
playing favouritism.

Information received by The
Tribune yesterday revealed that
Mr Collie’s vehicle was actually
legally parked, in the one section of
Dowdeswell Street designated for
vehicle parking.

However, several other car own-

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ers are now claiming they were
also parked in this very area, but
were nevertheless towed and had
to pay to recover their vehicles.

Sidney Cleare, senior superin-
tendent of the Road and Sign
Department, confirmed yesterday
that Mr Collie’s vehicle was in fact
parked in an approved parking
zone.

Mr Cleare said no parking is
allowed on Dowdeswell Street
between Burnside Lane and
Church Street on the northern
curb, and between Burnside Lane
and Victoria Avenue on both
sides.

Parking is however allowed on
the southern curb of Dowdeswell
Street from Burnside Lane to ,
Church Street — where Mr Collie’s
family law firm is located.





























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When confronted with the :
claims that other cars were parked :
in the approved zone but — unlike
Mr Collie’s car — were towed,
police said the owners should con-
sult the Police Traffic Division.

At the time of the towing exer-
cise, officers were verbally attacked
by on-lookers for not removing
Mr Collie’s car.

The officers reportedly replied
that the law did not permit them to
remove a car with government :
plates. :

However, Police Superintendent :
Charles Walkine from the Central :
Division said: “You can’t impede :
an MP from moving to or from
the House of Assembly, but oth-
erwise there is nothing in the law
that says they can’t be towed by :

‘Officials
examine
damage to

walkway at
Long Wharf

i PUBLIC Works and
: Transport Minister Neko

: Grant, accompanied by

: Nicole Campbell, under-sec-
i retary in the Ministry, and

: George Hutchinson, deputy

: director of Public Works, -

: inspected damage to the

i walkway at Long Wharf

: caused by recent waves ©

: crashing against the seawall.

: Mr Hutchinson said the

; ministry's first approach is to
: lift the compromised side-

: walk and excavate it with the
: view of possibly replacing it

: or making some modifica-

: tion to prevent further

: undermining.

: "We are going to try to

: save the face and if we see

: that we cannot, the whole

: thing will have to be



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: removed, redesigned, or
: modified. The depth of the
: excavation will be deter-
: mined following an assess-

? ment of the drawings. We

: are having someone give us a

: price to lift the slab in order
-? to do the estimation for an

: inspection,” he said.

: Additionally, Mr Hutchin-

: son said it is hoped that in a

: day or two, a team from the

? ministry will return.to deter-

: mine the extent of the dam-

: age and put together a pro-

: posal for repairs to begin as

: soon as'possible.




















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74-year-old US
visitor drowns

Family vacation
ends in tragedy

m@ By DENISE MAYCOCK
Tribune Freeport
Reporter
daycock@tribunemedia.net

FREEPORT - A family
vacation ended in tragedy
when a 74-year-old American
visitor drowned while snor-
keling in the area of Paradise
Cove on Monday.

Thomas Savage, of Punta
Gorda, Florida, and his son
Eugene were caught in rough
seas around 3.30pm on Mon-
day and the two of them
became separated.

Chief Superintendent Basil
Rahming said Mr Savage and
his family were in Grand
Bahama on vacation.

They were a part of a group
of visitors that went snorkeling

The B-16 Sertra is

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at Paradise Cove.

Police received :report of
the drowning aroud 6.20pm
on Monday. Mr Rhming said
officers of the Cetral Detec-
tive Unit went 9 the Rand
Memorial Hospal’s Trauma
Section, where hey met the
victim’s son an Other family
members.

Eugene Savze told the offi-
cers that his fiher, along with
other familynembers, were
snorkeling + waters off Par-

built an Nissan's 'C' platform and offers

adise Cove Beach at Dead-
man's Reef around 3.30pm
when the sea became very
rough.

The son told police that his
father was swimming some
distance behind him and that
he lost sight of him due to the
high waves.

Mr Rahming said the son
said that this father tried to
climb up onto a reef, but
got washed away by strong
waves.

a standard 2

ee. NisSan Xtronic CVTâ„¢ (Continuously

e handling.

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“By the time they reached
him, he was floating uncon-
scious in the water.

They eventually got him to
shore, where he was trans-
ported by ambulance to
the hospital,” Mr Rahming
said:

Mr Savage was pronounced
dead upon arrival at the hos-
pital.

Police are now awaiting the
results of an autopsy to deter-
mine the official cause the
death.



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fatily. Children can be a great source of support and encouragement during breast cancer treatment. + _

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56

Breast Cancer Survivor for 25 years




The Tribune observes Breast Tale Tar N11 a= e) A) ACL Ors,




74-year-old US
visitor drowns

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

FREEPORT - A family
vacation ended in tragedy
when a 74-year-old American
visitor drowned while snor-
keling in the area of Paradise
Cove on Monday.

Thomas Savage, of Punta
Gorda, Florida, and his son
Eugene were caught in rough
seas around 3.30pm on Mon-
day and the two of them
became separated.

Chief Superintendent Basil
Rahming said Mr Savage and
his family were in Grand
Bahama on vacation.

They were a part of a group

Family vacation
ends in tragedy

at Paradise Cove.

Police received report of
the drowning aroud 6.20pm
on Monday. Mr Rhming said
officers of the Cetral Detec-
tive Unit went > the Rand
Memorial Hospal’s Trauma
Section, where hey met the
victim’s son an Other family

members. >
Eugene Savze told the offi-

cers that his fiher, along with
other familynembers, were
snorkeling } waters off Par-

adise Cove Beach at Dead-
man's Reef around 3.30pm
when the sea became very
rough.

The son told police that his
father was swimming some
distance behind him and that
he lost sight of him due to the
high waves.

Mr Rahming said the son
said that this father tried to
climb up onto a reef, but
got washed away by strong
waves.

‘him, he was floating uncon-

TRUSSCO

‘WOOD AND COLD-FORMED STEEL
TRUSSES

DESIGN

ENGINEERING
COMPETITIVE PRICING
FAST BIDDING INFORMATION

“By the time they reached

scious in the water.

They eventually got him to
shore, where he was trans-
ported by ambulance to
the hospital,” Mr Rahming
said:

Mr Savage was pronounced
dead upon arrival at the hos-
pital.

Police are now awaiting the
results of an autopsy to deter-
mine the official cause the
death.

361-7764

Road to City Dump after Premix
Email:ggongora@coralwave.com

AUTHORIZED =
MANUFACTURER



of visitors that went snorkeling

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invites applications for the positions of:

STCREROOM MANAGER

Applicant rust have at least five years experience as the Manager of
a Large Stce Room, must have excellent management skills, written
and oral cmmunication organizational and interpersonal skills able
to train arf motivate team members, good track record in Managing
peop! able to establish and maintain high standards. Formal
qualications and computer skills desirable, be able to work Tak:
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Email: :

WIN |
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Enter to WIN Free Mammograms for Life, by completing
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’ Closing date October 29, 2008.



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| May women worry about the effect their breast cancer will have on their children. If you have children and received a

_dignosis of breast cancer, talk with them. Consider their age and tailor pout message so that they understand what the

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fnily. Children can be a great source of support and encouragement during breast cancer treatment.



ou can survive breast cancer. Early detection through regular breast self-exams and a regular p
aammogram and physical exams are crucial steps that every woman should employ.’

ea "’ American isa

Breast Cancer Survivor for 25 years

rogram of










The Tribune observes Breast Cancer Awareness Month 2008
THE TRIBUNE

THURSDAY, OCTOBER 30, 2008, PAGE 9







FROM page one

she was back at work again
yesterday.

The woman, Lerizia Bien-
Aime, 48, was one of a few
Haitians who was not escorted
out of the big market tent
when it was raided by immi-
gration officers a few weeks
ago.

She was checked three
times by immigration. officers
that day, but was finally left
alone because she held a work
permit to be employed as a
handymaid for vendor Irene
Dawkins, 73, according to Ms

Branville McCartney Dawkins’ daughter, Addiebell



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Mrs Curry said Ms Bien-
Aime was hired because her
mother is unable to perform
many tasks at her Straw Mar-
ket stall.

Mr McCartney said though
the word ‘handywoman’ has
a wide scope of meaning, if
the individual is in possession
of the permit they should be
allowed to work. ,

“J don’t see any difficulty
with that - she has a right to be
there by all means,” he said.

However, he admitted, the
language in the permit appli-
cation would have to be
reviewed to better understand
the worker’s position.

“We need to see what the
file dictates to see why she was
requested to work as a handy-
woman,” said Mr McCartney.

Mrs Curry said she went to
the Ministry of Immigration
to clarify the status of Ms

FROM page one

determined action that night
coupled with the length of his
sentence for burglary, it was
open to the trial judge not to
impose the additional sentence
of flogging.

“In the result, we dismiss the
appellant’s appeal against his
sentence for the burglary,
though while we consider it
severe, we do not consider it so
severe that we should interfere
with the Court of Appeal’s rul-
ing, also stated, that the execu-
tion of the sentence of corporal
punishment be stayed tor 21
days.”

According to evidence at
Newbold’s trial, Newbold broke
into the elderly woman’s home
and attempted to rape her. The
incident took place on Cat
Island in July, 2004.

As he attempted to rape the
woman, however, she squeezed
his testicles to compel him to
desist. According to the evi-
dence, Newbold bit the wom-
an’s arm in order to escape the
pain she was causing him. The
bite he inflicted on the elderly
woman was the basis of the
causing harm charge.

Supreme Court Justice Jon
Isaacs sentenced Newbold to 16
years imprisonment for burglary
- four years short of the maxi-
mum term of imprisonment that
can be imposed for the offence.

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Bien-Amie but no-one, not
even a senior official, could
tell her.

She said the only thing they
did say was that the handy-
maid had to work directly with
the person who tendered the
permit application for them.

Because of the ambiguity of
the permit language and the
inability of officials to tell her
what her employer should or
should not be doing, they con-
tinue to be harassed, as her
mother needs the assistance
of Ms Bien-Amie at her mar-
ket stall.

Straw Market rules and reg-
ulations state that, in order ta
register a stall, applicants and
their helpers must present a
Bahamian passport.

Vendors told The Tribune
yesterday that Haitians are
ultimately ruining the image
of the market.

They said a Haitian woman

Court of Appeal

Newbold was also ordered to
receive eight strokes with the
rod - four on admission and
four as he is about to be
released. Newbold was also sen-
tenced to two six years impris-
onment on the attempted rape
conviction and two years for
causing harm. The sentences are
to run concurrently.

Although Newbold’s notice
of appeal had been filed 26 days
out of time, the court had
accepted that his lack of legal
counsel at the time had been
the reason for the delay. New-
bold abandoned his appeal
against his conviction, but
appealed the sentence of cor-
poral punishment on the ground
that it is unduly severe.

Newbold’s argument was that
the court ought to have given
consideration to him as a first
time offender and that corpo-
ral punishment is unconstitu-
tional because it infringes his
constitutional rights.

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working in the Straw Market
was recently caught on camera
in a fierce row with another
vendor, which was eventually
posted on the video sharing
website Youtube.com.

“If we allow these foreign-
ers to come in and kill this
business - and it’s half dead





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Vendors claim some Haitians have
returned to work in Straw Market

now - then what will we
have?” said a vendor who
wanted to be known simply as
Ms Johnson.

-“The Minister of Immigra-
tion is doing a remarkable job,
but the problem is stemming
from some of the vendors
themselves.”







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PAGE 10, THURSDAY, OCTOBER 30, 2008 THE TRIBLive

pen i ARAN

In brief

Call for hooks,
DVD and video
flonations for
the BNT's
Jollification

BAHAMIANS are being
asked to donate books,
DVDs or videos to the
Bahamas National Trust for
this year’s Christmas Jollifi-
cation.

The arts and crafts festival ,
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22 to November 23 at the
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ALL THAT piece, parcel or
lot of land situate in the
Subdivision called. and
known as Yamacraw Shores
Subdivision having the
number (99). Single family
residence. Property size: we
8,221 sq.ft. Building size: rr SS. ON
2,596 sq.ft. Three (3) WA OSS -
-bedrooms and two and a
half (2!) bathrooms.

Colinaimperial Insurance Ltd. will sell as mortgagee under power of sale
‘contained in a Mortgage dated 28th day of September, A.D., 2004.

ALL THAT piece, parcel or
lot of land situate in the
vicinity of Johnson Road
in the Eastern District of

e



the Island of New
“ Providence and having
the Number 5 in the
Valentine's Extension

Number 2 Subdivision.

The Subject Property consist of the following accommodations:- (3) 1 bedroom
apartments each with living room, dining room and kitchen. (2) - 2 bedroom
apartments each with living room, dining room and kitchen.

Colinaimperial Insurance Ltd. (formerly Imperial Life Financial) will sell as
mortgagee under power of sale contained in a Mortgage dated 30th. Day of
November, A.D., 1990, stamped and recorded in Volume 5548 at Pages 90 to
114.

ALL THAT piece, parcel or

lot of land situate in the { \
Subdivision called and
known as Vista Marina S“

Subdivision having the Lot
number seven (7) in Block B®
number sixteen (16) situated 13 BB
in the Western District in the .
island of New Providence. ‘
Residential property size: |
10,500 sq.ft. Building size: ~
4,970 sq.ft. The subject “=<
property is a four bedroom, ~.
two bathroom single storey
dwelling.

Colinaimperial Insurance'Ltd. (formerly Colina Insurance Company) will sell as
mortgagee under power of sale contained in a Mortgage dated 30th day of July,
A.D., 2003.

ALL THAT piece, parcel. or
lot of land situate in the
Subdivision called and
known as Centreville having
the number twenty-two (22)
in Block number fourteen
(14). Commercial/
. Residential. Property size:
@ 10,500 sq.ft. Building size:
3000 sq.ft.



Colinaimperial Insurance Ltd. (formerly The Manufacturers Life Insurance
Company) will sell as mortgagee under power of sale contained in a Mortgage
dated 21st day of December, A.D., 1990 stamped and recorded in Volume 5554
at pages 563 to 578.

ALL THAT piece, parcel. or

lot of land situate in the §
Subdivision called and
known as South Beach ; Se

having the number thirty |
(30) in Block number -five
(5). Single family residence-
Property size: 6,364 sq.ft. |
Building size: 2,133 sq.ft.
Three (3) bedrooms and-two
(2) bathrooms.
Colinaimperial Insurance
Ltd. (formerly The Canada
Life Assurance Company) will sell as mortgagee under power of sale contained
in a Mortgage dated 28th day of March, A.D,, 2001 stamped and recorded in
Volume 8157 at pages 395 to 417,

SA

ALL THAT piece, parcel or
- lot of Jand situate in Section
Three (3) of the Subdivision
2 called and known as Sea
Breeze Estates having the
number Seventeen(17) in
4 Block Number Thirteen (13).

The Subject Property consist
of the following
accommodations:- (3)
Bedrooms, (2) bathrooms,
kitchen, living room, dining
room and utility room.



Colinalmperial Insurance Ltd. (formerly Imperial Life Financial) will sell as
mortgagee under power of sale contained in a Mortgage dated 19th day of
September, A.D., 1984 stamped and recorded in Volume 4154 at Pages 357 to
ort.

| Colinalmperial Insurance Ltd. reserves the right to reject
7 any and all offers.

Interested persons may submit written offers in a sealed
envelope addressed to General Manager, Mortgage
Operations, P.O. Box N3734, Nassau, Bahamas to be
received no later than the close of business on November
30th, 2008.











THE TRIBUNE

THURSDAY, OCTOBER 30, 2008 , PAGE 11

LOCAL NEWS

Derek Smith/BIS



MINISTER OF Education ( Carl 1 Bethel speaks to siden at the National Careers Day, on October 28, 2008, at

the Kendal Isaacs Gymnasium.

Bahamas is ‘in 1 desperate
need of skilled labourers’

@ By ERIC ROSE
_ Bahamas Information Services

THE Bahamas is in desperate need of skilled labour-
ers, especially medical technicians, engineers, plumbers
and electricians, Minister of Education Carl Bethel
said.

Speaking at the opening of National Careers Day on
Tuesday, Mr Bethel said the country needs more than
just doctors and lawyers. .

“We have a terrible need, a critical need, for actuaries
— those who study actuarial science. We need more
engineers. We need more allied health professionals —
persons working in medical technology, doing the lab
work. We need plumbers.

“We need electricians. We need people who can do
carpentry,” he said.

Minister Bethel said that if Bahamian students are
not trained and given the opportunity to see “the dig-
nity that there is in the technical side of education”,
there could be dire consequences for some, including
young Bahamian men.

“No, that is not the Bahamas that we want. That i is
not the Bahamas we desire. That is not the vision we see
for our young men. We want you to come here today
and be exposed to the dignity of hard work,” he said.

National Careers Day, the minister said, is the result
of the commitment of the public and private sectors and
is a valuable educational opportunity for Bahamian
youth.

the National Careers Awareness Month, which was
embarked upon by the Department of Education for
the month of October,” Minister Bethel said at the
National Careers Day opening ceremony at the Kendal
Isaacs Gymnasium.

“Under the direction of the guidance counselling
unit of the special services section, the Department of
Education partnered with other government agencies,
corporate and civic organisatidns to help to alleviate —
some of the challenges facing our students who are
facing the work force.”

‘Mr Bethel said in order for the Bahamas to remain
globally competitive, Bahamians must prepare their
youth with all the skills that will be necessary for them
to play a “meaningful role” in the emerging and devel-
oping economy.

The educating of students, he added, is important to
the further development of the country.

“If we do not do a good job in equipping you with the
skills, the tools, the aptitude, the attitude necessary to
be productive citizens in this democratic society, then
our society would be going on the wrong track,” he said
to the students present.

“So it is important to give you what you need to be
successful.”

The minister told the students that the National
Careers Day will enable them to have access to cutting-
edge information regarding many professions, and will
allow them to spéak with professionals in various fields
and share ideas and network with peers and stake-
holders.





BUTS

“Today is the culmination of a very worthy initiative,



Christian Council demands to screen
every music act coming to the Bahamas

FROM page one

Paul said.

Mr Paul reflected on the late
1970s visit of the late Bob Marley
to the Bahamas, saying that the
country has never been the same
since.

“These artists have a great
influence over our vulnerable
young people in particular. Lead-
ers and especially Christian lead-
ers must therefore be vigilant that
we only encourage those virtues
that will build our nation and not
those that undermine the very
essence of what we seek to
accomplish,” Mr Paul said.

The Christian council said they
are also concerned with the
deceptive nature of the theme
being used for this year’s Millen-
nium countdown concert: Unity
Through Music, God Above All.

“Therefore we must question
the promotion of a theme which
states ‘Unity through music, God
above all’ but showcases artists
whose presentations are directly
opposed to everything eee and
decent.

“The brochures promoting the
event feature scantily-clad women
in very seductive poses and are
engulfed in overtones that incite
sexual connotations,” Mr Paul
said.

that international reports have
revealed the Bahamas is the
world leader in reported crimes of
assault and rape against women.

“We do not need anything that
remotely threatens to detract

from the respect and honour that .

we should show to our Bahamian
women, our mothers, sisters and
daughters, who deserve better.
Our women need to be respected
and protected and not exposed
to further exploitation,” the coun-
cil explained. ;

Mr Frank Forbes, managing
director and proprietor of Sigma
Management, indicated that he
feels the root cause of crime in
the Bahamas is economic.

“We have about 4-5000
Bahamians that are directly
impacted by this concert and
directly receive financial benefit.
If I were not to have this concert

The Christian council indicated

they would be banging on the
doors of the government for some
job or something else,” Mr
Forbes said.

Mr Forbes explained that

-Mavado has.never been convicted

of any crime and may have some
language in a few of his songs that
persons may not approve of.

“I want the Bahamas to be a
safe place, too. If they had just
come to me and said they had a
problem with certain songs then I
would have said I won’t allow him
to perform those songs,” Mr
Forbes said.

Mr Paul made it clear that the
Christian council does wish for
the concert to go forward, but
would prefer if Mavado and
Bounty Killer were not allowed to
perform because of the position
we are now in as a country.

“As a nation we are currently
struggling to keep our young peo-
ple focused, to embrace moral
values that promote community,
decency and respect. In light of
this we call on the government to
not allow these artists to perform
in our country,” Mr Paul said.

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THE TRIBUNE










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LOCAL NEWS

A FAMILY Island hotel is
bucking the current downward
trend in tourism by recording
its best season ever.

Glowing visitor reports on
tripadvisor.com helped Grand
Isle Resort and Spa in Emerald
Bay, Exuma, record its best
October ever.

The 78-villa luxury resort,
consistently ranked number
one in Exuma, is now ranked
number two overall in the
‘Bahamas according to the pop-
ular travel website.

Occupancy at the hotel is up
by more than 50 per cent over
last year this time, and the
hotel is set to open its newest
addition, a full-service spa, in
just a few weeks. i

“The results surprised us a
bit too, given what we keep
hearing in the marketplace,”
said James Clabaugh, president
of EGI Limited, the developers
of the Exuma condo hotel.

“T am not sure what to
attribute it to except word of
mouth and people appreciat-
ing quality. The tougher the
times, the more discerning
those who can spend become.”

Located just a few steps from
the beach and the Greg Nor-
man Golf Course in Emerald
Bay, Grand Isle’s rates are not
for the “faint of pocket.”

Rates start at nearly $500 a
night for a one-bedroom villa
and climb to almost $4,800 for
a 5,400-square foot, four-bed-
room penthouse.

Grand Isle hotel executives
are now worried that there will
not be enough seats on enough
planes to deliver guests who
want to book during the height
of the holiday season through
Spring, when the newly
expanded wedding packages
are expected to lure more
guests with families and
friends.

“We also have a new web-
site which we have received a
lot-of compliments on, and
recently, we have had several
guests check in saying they
chose Grand Isle after reading

the reviews on
tripadvisor.com,” said Mr
Clabaugh.

Tripadvisor.com is a popu-
lar website, which those in the
industry say can “make you or
break you” by its posting of
frank visitor reviews, which are
frequently more negative than
glowing.

However, reviews of Grand
Isle have been so positive. that,
for the past few years, the

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resort has consistently ranked
number one in Exuma. Recent-
ly, it moved up to number two
overall in the Bahamas, rank-
ing second only to Rock
House, a nine-room boutique
inn in Harbour Island.

Despite Grand Isle’s success,
operating the resort in a tight
leisure travel market is a con-
stant balancing act between
cost containment and deliver-
ing quality.

“Operating a condo hotel
where revenue is split with unit
owners and satisfying the
requirements of a high-end
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dictable and where resorts are
vulnerable to other forces dri-
ving demand,” said Shervin
Penn, assistant manager.

“We have done some re-
structuring, outsourcing some
areas of operations to Exuma

‘ businesses, and we continue to

look for ways to control
expenses while maintaining the
highest level of service. Service
is our top priority so we con-
stantly engage in training.
That’s one area where you can-
not trim costs. It is ongoing and
essential. Looking ahead, we
would like to think our biggest
problem next year will be per-
suading airlines to increase air-
lift,” she said.






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an. additional
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session of the

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THE TRIBUNE



oyey VA ;

Presenting Letters
of Credence

PAUL Farquharson, Bahamas
High Commissioner to London,
presents his formal Letters of
Credence to President of the Ital-
ian Republic Giorgio Napolitano,
accrediting him as Ambassador
of the Commonwealth of the
Bahamas to the Italian Republic,
with residence in London.

Mr Farquharson presented his
Letters of Credence during a cer-

-emony at the Quirinale Palace in

Rome, the official residence of
the president of the Italian
Republic.

He was accompanied at the
ceremony by Nicole Archer, first



assistant secretary and vice coun-
sul with the Bahamas High Com-
mission in London.

Following the ceremony,
Ambassador Farquharson met
with President Napolitano and
his advisors in the president's
office where they discussed mat-

Quirinale Palace, Rome

ters of mutual interest to the
Bahamas and Italy.

Pictured is Ambassador Far-
quharson officially presenting his
Letters of Credence to President
Napolitano (right) during the cer-
emony on Wednesday, October
15, 2008.

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THE TRIBUNE

US Embassy employees support blood drive for Doctors Hospital

THE US Embassy has held
another successful on-site blood
drive to assist with replenishing
the blood bank at Doctor’s Hos-
pital.

All US government agencies
were represented in the blood dri-
ve including 21 American and
Bahamian employees

The emba
Ruth Cloud s Hospi-
tal medical technicians Zonja
Bain and Desaree McKenzie co-

red nurse

ordinated the effort, which took
place last Thursday.

Nurse Cloud told the embassy
volunteers: “Your blood is price-
less — it cannot be bought. By giv-
ing of your time in this: selfless
way, you have already saved lives
and improved the health of those
in need of blood”.

After donating blood, one of

the volunteers, Kishawn Creque,
said: “I simply wanted to help out.
There may me someone in dire

need of blood and I just wanted
to do my part.”

US Ambassador Ned L Siegel
thanked all of the employees who
took time out of their busy work
schedules to donate blaod. He
added that on a consistent basis,

the staff demonstrates their will-
ingness to participate in the
important life-saving initiative.

At the end. of the blood drive
16 pints of blood were collected
and donated to Doctor’s Hospital
to replenish its blood bank.

THURSDAY, OCTOBER 30, 2008 , PAGE 15

AN EMBASSY

) volunteer
donating
blood
assisted by
Doctor's
Hospital

1 technician

| Zonja Bain.

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‘Amigo’s Fund’ established

THE TRIBUNE





to honour beloved potcake

THE Humane Society of Grand
Bahama (HSGB) and its hon-
ourary chairperson Frances Singer-
Hayward have announced the
establishment of the ‘Amigo’s
Fund’- a charitable trust in hon-
our of the late potcake star Amigo.

The fund will benefit the ani-
mals of Grand Bahama and the
entire Bahamas, and ultimately, it is
hoped, of other countries as well.

The HSGB said that Amigo’s
Fund was established “to give sec-
ond chances to animaus like Amigo,
who because of abuse and neglect
require extensive medical rehabil-
itative care at a cost that is not
always an option given the high
volume of homeless animals
brought to the Humane Society of
Grand Bahama and Humane Soci-
eties throughout the Bahamas.”

This situation is exemplified by
the story of Amigo himself, a for-
mer stray potcake found in the

most pitiful condition who, rescued
and rehabilitated, went on to
become a poster dog for the HSGB
and all of its programmes.

Amigo also became a ‘superstar’
in the Bahamas and Ambassador
of Hope on behalf of homeless and
challenged animals.

“Tt is hoped that Amigo’s Fund
will thus enable HSGB and other
like-minded organisations to be
able to save the lives of many more
deserving animals who normally
would face an uncertain future due
to lack of funds to pay for dealing
with their tragic condition,” the
HSGB said.

In addition, the fund will help
to support spay and neuter initia-

.tives “of which Amigo was such a
compelling and inspiring represen-
tative during his lifetime.”

The fund will also serve to help
charitable efforts into the broader
areas of animal welfare through-

out the Bahamas and elsewhere.

“T am so thrilled for Amigo, as
this is the ultimate fulfillment of
his mission — that of making the
world a better place for potcakes
and all animals,” said Mrs Singer-
Hayward.

“Tt is so incredibly touching to
me that Amigo and his story
touched so many hearts, and that
wherever I go, people speak to me -
of him.

“Amigo’s Fund honours
Amigo’s legacy and his wonderful
contribution to the betterment of
animal life, as their endearing and
charismatic ‘rep,’ raising awareness
to the tragic plight of so many ani-
mals in the Bahamas and the world
over, and I can only hope and pray
that there will be many more “Ami-
gos’ who are saved and given the
love and care that they so deserve
as a result of his and our efforts.”

Managing. director of the

~ Humane Society of Grand Bahama

Tip Burrows said, “On behalf of

gthe Humane-Society of Grand

* Bahama, we Wwe are very excited about
the establishment of Amigo’s Fund,
which is a wonderful tribute to
Amigo’s memory.

“Hopefully this fund will allow
us to save many more animals, like
» Amigo, who come to us in such
“wretched and yet treatable condi-
tion if we were only to have the

“‘resources-to_help them. We hope

the public will support this initia-

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THURS SDAY, OCTOBER 30,

Financial sector
may ‘be finished
in five years’

@ By NEIL HARTNELL

Tribune Business Editor

THE Bahamian financial ser-
vices industry could be “finished
within five years” due to neglect
by successive governments, a
sector executive predicted yes-
terday, explaining that a “per-
fect storm” was brewing around
this nation’s second most-
important industry.

Paul Moss, the activist seek-
ing the PLP St Cecilia nomina-
tion at the next general elec-
tion, and who runs his own
finance business, Dominion

* Industry executive says successive governments
have ‘left sector on life support in need of radical
surgery’, and at mercy of Obama and EU attacks

* Calls for Bahamas to abandon ‘no income tax’
model and opt for double tax treaties, as cannot
afford to be branded ‘tax haven’



Management Services, told Tri-
bune Business that the Bahami-
an financial services sector was
facing potential threats from the
likely election of Barack Oba-

ma as US president and
renewed European enthusiasm
for targeting international finan-

SEE page 4B

‘Six or seven’ new financial
laws to come by year’s end

- Mi By NEIL HARTNELL
Tribune Business Editor

THE Government is aiming
to bring to the House of Assem-
bly, “hopefully even by the end
of the year”, some “six or sev-
en” new pieces of financial ser-
vices legislation designed to
chiefly clarify concerns raised
by the Caribbean Financial
Action Task Force (CFATF) in
its last anti-money laundering
assessment on the Bahamas.

Zhivargo Laing, minister of

Zhivargo Laing



Customs to need
most EPA reform

@ By NEIL_HARTNELL
Tribune Business Editor

THE Economic Partnership
Agreement (EPA) will provide
the impetus for “meaningful
reform” of Bahamas Customs, a
government minister telling Tri-
bune Business yesterday that
this would usher in greater
accountability and transparency
in the department’s processes.

Zhivargo Laing, minister of
state for finance, said the Cus-
toms reforms required to fulfill
the Bahamas’ obligations under
the trade agreement with the
European Union (EU) would
benefit this nation regardless of
whether the EPA existed or
not.

Legislative and administra-
tive reforms related to the Cus-



Changes to bring
greater efficiency,
transparency and
accountability,
minister says, aiding
business community
and Bahamian public

toms Department and its pro-
cedures would likely be the area
requiring most change, Mr
Laing said, given the import
duty-based nature of ‘the
Bahamian tax system and gov-
ernment’s reliance on Customs
to generate 60 per cent of its
annual revenues.

He was, though, unable to
give a date for when the
Bahamas would take the first
step to implement the EPA
agreement it signed'on Octo-
ber 15, namely bringing to the
House of Assembly an EPA

SEE page 6B




Workshop
postponed

_ The Development of A ttrac-
tions workshop that architect
Patrick Rahming, of Patrick
Rahming & Associates, aimed
to host ‘this Saturday at the
Our Lucaya resort has been
postponed and is likely to be
rescheduled to January 2009
to coincide with National
Tourism Week.








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state for finance, said that since
it took office in May 2007 it had
been assessing the CFATF
report and “moving towards
implementing those recom-
mendations which we believed

were reasonable and doable”.

Such a proactive approach,
he added, would ensure the
Bahamas remained in line with
international best practices and
regulatory standards, helping to
provide a potential defence

SEE page 4B

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M@ By NEIL HARTNELL
Tribune Business Editor

able Bahamas yesterday said sub-

scriber churn, and customer dis-

connections, “doubled” in the 2008

third quarter compared to levels

experienced in the first half and
year-end 2007, indicating Bahamian consumers
are “feeling the pinch” and “some challenging
times” lie ahead.

Barry Williams, the company’s vice-president of
finance, told Tribune Business yesterday that the
8.3 per cent revenue growth the BISX-listed firm
had enjoyed for the first nine months in 2008 had
largely been driven by growth in the Internet
and data segments of its business.

“On the cable side, we have been seeing some
drop-off in the basic as well as premium ser-
vices,” Mr Williams told Tribune Business.

for Cable during Q3

* Internet and data revenues
compensate, up 11% and 20%
respectively for first nine
months in 2008
* Company spends $18m on capital
investment in first three quarters

than in the third quarter. I attribute that to what’s
been happening in the economy. It’s been a con-
tinuing drop in the last couple of months on the
cable side, and indicates some challenging times
ahead.”

Some Cable Bahamas customers, such as those
at Pepsi-Cola, will have lost their jobs, while oth-

' ers in the hotel industry will have been placed on

t and second quarters to the third quarter.

“We’ve seen some drop when comparing the
bees: from those two quarters were higher

reduced work weeks. That, coupled with reduced

SEE page 7B

$150m project’s multi-
million tax dollar boost

@ By CARA BRENNEN-
BETHEL
Tribune Business
Reporter



A NEW $150 million exclu-
sive residential development on
Paradise Island is expected to
generate $13.5 million in stamp
tax revenues for the Govern-
ment, it was said yesterday, as
well as an additional annual $1.5
million in real property taxes
once completed.

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the high-end development that
has been the subject of much
controversy, will consist of 79
luxury condominiums that are
currently under construction. It
is expected to be completed by
next summer.

Prices for residences in the
nine-storey complex range
between $1.4 million for a
ground floor two-bedroom unit
to upwards of $3 million for a
ninth floor two-storey. pent-
house.

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have been employed in various
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last year. Developers Peace
Holdings Ltd then had to peti-
tion the Supreme Court in Sep-
tember this year to remove a
‘stop work’ injunction secured
by one of its neighbours. That
matter was yesterday said to
have been settled.

Albert Ballard, a Peace Hold-
ings director -and 28-year resi-

SEE page 5B




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PAGE 2B, THURSDAY, OCTOBER 30, 2008

THE TRIBUNE



BUSINESS



BEC: ‘No objection’ to
fuel surcharge review

THE Bahamas Electricity
Corporation’s (BEC) chairman
yesterday said the Corporation
had “no objection” to an inde-
pendent body reviewing its fuel
surcharge calculations and how
they were arrived at.

Responding to comments
made by Dionisio D’Aguilar,
the Bahamas Chamber of Com-
merce’s president, in Tribune
Business on Wednesday, Octo-'

ber 22, 2008, Frederik Gottlieb

Z

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said in a statement that he was
surprised at the suggestion of a
lack of transparency on BEC’s
part when it came to calculating
fuel surcharges on consumer
bills.

“BEC has no objection to an
independent body, possibly
under the auspices of the Cham-

~ ber of Commerce, reviewing the

relevant information regarding

. the calculation of the fuel sur-

charge as the Corporation has

nothing to hide and is willing
to assist the public as best it
can,” Mr Gottlieb said.

BEC’s general manager,
Kevin ‘Basden, added: “Elec-
tricity generation, and the
mechanics and finances of
obtaining an oil supply in the
international marketplace, are
subjects not easily understood

‘by persons who are not in the

energy business.
“For this reason, BEC con-

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Telephone: 322-1306/325-4969

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tinues its efforts to explain the
oil situation which makes the
fuel surcharge necessary, and
to explain the fairness of the
calculation of the surcharge.”

However, explaining how
BEC’s fuel surcharge worked,
Mr Basden said: “BEC wishes
to confirm that the cost of the
fuel is calculated on a five-day
bill of lading (the average of
two days before, the day of, and
two days after) based on the
international postings at that
time.

“Therefore, the price shown
today will not necessarily be
consistent with the price at the
time of the bill of lading, as
there is a delay between the
time the oil is loaded on a ship
and when it, is used by BEC.
Corporation’ policy is ‘first in,
first out’, which is standard and

JONES & CO

necessary business practice. This
means that existing inventory
is used first and the fuel sur-

charge is billed according to '

what was paid for the oil that
generated the electricity reflect-
ed in a particular billing.”

Mr Gottlieb added: “Like
countries great and small across
the globe, the Bahamas is con-
fronting very challenging eco-
nomic times. Corporations
worldwide, including BEC, are
also feeling the financial blow.
Few, if any, are exempt.

“The Bahamas Electricity
Corporation believes that our
situation is best served by trans-
parency, reliable information
and cooperation from all sec-
tors of the economy to find
viable solutions.

“Unfounded statements can
only delay our joining together

to map out the way ahead. I
reiterate that BEC, its Board
and management are open and
ready to provide information,
and to forge partnerships to
strengthen our service to our
customers and this country’s
economic base.”

Mr Basden added: “The way
ahead definitely involves a revi-
sion of the way Bahamians
think about and use energy. We
must be conscious of the elec-
trical appliances we buy and the
amount of energy they con-
sume. We must all be concerned
to reduce energy waste.

“The more people we get on
board with electricity conserva-
tion, the more we improve our
chances for lower oil consump-
tion in generating electricity
and, as a result, for lower fuel
surcharges for customers.”

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THE TRIBUNE



Family Island hotel §
arrivals at ‘standstill’ &

@ By CARA BRENNEN-
BETHEL
Tribune Business
Reporter

TOURISâ„¢ arrivals on the
Family Islands have dwindled
alinost to a “standstill”, during
what is already the slowest part
of the hotel year, leaving resorts
reeling from the pinch of the
current economic climate .

Margot Cleare, owner of the
16-room Orange Creek Inn,
told Tribune Business yester-
day that Cat Island was oper-
ating on two speeds: ‘go slow’
and “full stop’.

“JT have a 16-room inn and I

do not have a single guest right
now. If it was not for the fact
that I also have a small food
store, I do not know how I
would make it. The food store
has to carry the weight and even
with that, I have to be careful
with how much I order and look
at expiration dates,” Ms Cleare
said,

Property

She added that even though
the property was not earning
any revenue income, she stil!
has to ensure it is maintained,
which is costing money.



“LT have still have to keep the
rooms up, and keep one girl on
to help with the hotel. The rest
of the time, she is in the store,
and even with the food store
people are only buying necessi-
ties,” Ms Cleare said.

Resorts

She added that two of Cat
Island’s resorts, Fernander Bay
and Sammy T’s, had closed for
the season.

“T do know that there is noth-
ing happening in Cat Island
right now, and Continental is
not up and running yet,” Ms
Cleare said.

She added that if business
was to pick up, it will likely be
after the Thanksgiving holiday
and once things settle down fol-
lowing the US presidential elec-
tion next week.

“I think we have to hope that
the US has a bad winter,
because when the weather is
bad, Americans travel,” Ms
Cleare said. She added that the
biggest challenge right now was
the escalating cost of oil, which
has driven up all prices tremen-
dously.

“Lsaw the electricity bill for a

pensioner on Cat Island, who
fives tn a one-bedroom home -

A Prestigious Private Members Club
is seeking

SOUS CHEES . wo

The successful candi
working in this position

dates should have been
for at least Two (2) years.

- Interested candidates are invited to submit a |
complete resume inclusive of a cover Letter to:

The Director, Human Resources
Lyford Cay Club

Nassau,

Bahamas

Fax: 362-6245











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just a small little house.,” she
said. “The bill was $35.70 and
the surcharge was $55.60, mak-
ing his bill $91.30. How is a pen-
sioner receiving $200 a month
supposed to be able to survive,
if his bill is half of his income.
The Government has to do
something more than what it is
doing.”

According to an employee
at the Lighthouse Yacht Club
and Marina in Andros, while
September, October and early
December were always slow,
things have reached new lows.

“It is always slow this time,
but right now it is beyond slow.
It has never been this bad.
Right now it is almost like
things are at a standstill,” she
said.

Employee

The employee added that
very few guests were staying at
the resort, and there were very
few boats in the marina.

She further said that like their
counterparts in Nassau and oth-
er islands, the resort is likely to
see their days scaled back to
about two days a week.

“Edo noi know how Christ-
mas will look. but we are hoping
that we will see a strong sea-
son,” she satd.

Family tstand resorts have
particularly been impacted by
the mse in Operating costs and
the downturn tn arrivals due to
the skyrocketing costs of oil,

‘The ‘fvibune wants to hear
from people who are
J making news in their
neighbourhoods. Perhaps
you are raising tunds fora
! cood cause, campaigning
§ for improvements in the
f area or have won an
award.
If so, call us on 322-1986
and share your story.



When you book
your travel with us
And Rent A Car With

®

elena colle

Use your local credit. card.
Tickets are Eat locally,

“Ta: 242.328: ro | 242.328.0257 ; Pe 302 7371 | en Ba meh
Fax: 242.325.6878 | www.premiertravelbahamas.com



THURSDAY, OCTOBER 30, 2008 , PAGE 3B



and their lack of resources to
help them deal with these
issues.



A leading retailer is seeking applications for the position of

HUMAN RESOURCES MANAGER

BASIC REQUIREMENTS

° Two years experience as a Human Resources Manager or similar position
e Excellent Oral and Written Communication Skills

e Proven organizational and planning capabilities

° Assertive, energetic individual with the ability to motivate others

¢ Strong Interpersonal skills and willingness to be a team player

¢ Must be multifaceted and prepared to work flexible hours if necessary

SUMMARY OF DUTIES

¢ Recruitment of staff

e Monitor disciplinary procedures

¢ Formulate Job Descriptions

e Design and implement training programs
e Administer established procedures

The Successful candidate will become a part of a growing and progressive organization
capable of facing challenges. Benefits include a comprehensive medical and life
package. Salary is commensurate with qualifications and experience.

Interested persons may forward a copy of their resume, in confidence to:

Please submit your resume in confidence to:

The Managing Director
P. O. Box N-623
Nassau, Bahamas
Fax: 322-6607 / 328-5902



BAHAMAS DEVELOPMENT BANK
Cable Beach, West Bay Street,
P.O.Box N-3034
Nassau, Bahamas
Tel:(242) 327-5780/327-5793-6
Fax:(242) 327-5047, 327-1258
www.bahamasdevelopmentbank.com



The general pubilc is invited to attend Bahamas Development Bank’s sale of repossessed

assets,
ASSETS
Electronic Equipment Tables
e = {1} Compag Presario Computer Tower Q) (1) Wood Table {Round)
e (1) Canon Canoscan N640D EX Scanner (5) BlFold Tavies (Rectangle)
® 1) Whirl Microwave (1) Marble Table (Rectangle)
» - Tee Cash Register Freezers
® — (1) Epson Stylus Pro 9600 Print Engine (1) Two Door Chest Freezer
« {1} HP DeskJet 656c Printer (Desktop) (1) Single Door Chest Freezer
« {1} Monitor (1) Double Door Refrigerator
« (1) 1820 Epson Stylus Color Printer (1) Single Door Cooler ,
» — {{) Keyboard at Mouse
"« (1) Brothers Printer {4) Shampoo Bowls
« (1) Samsung Digital Camcorder (1) Nall Table with (2) Cabinets
« (1) Dell Scanner at Printer (3) Nail Tables” .
Machinery (8) Nail Stools
= (4) Chrome Juice Filler (2) Facial Beds (White)
* (1) Multt Frott Julcer {7} Facial Machine
* (1) Chrome Mixer (5) Hair Dryers
» (1) Dell Showcase (1) Pedicure Set
» (4) Four Burner Stove (5} Hydraulic Styling Chairs
« (1) Janome Monogram/Embroldery Sewing Machine (4) Shampoo Chairs
‘» (1) Singer Quantum XL150 Sewing Machine with Serger
* (1) Singer Sewing Machine ‘ (2) Tech Work Benches
* (1) Quilting Sewing Machtne (1) Alternator Test Bench
Agortment of Items {1} Paint Booth
e = (13) White Bi-Fold Chalrs (1) Rivet Machine
© — {1) 42 gal Electric Water Heater (1) 6” Storage Cabhiet
» (2) Breakfast Nooks (1) 4" Tool Cabinet N
« — Towel Warner Brake Washer ’
e Sterilizer Sand Blaster fi
« (3) Maroon Banquet Chairs Vari-Drive :
» — {f) Tec Cash Register
e Cooking Utensils Pots, Pans ax Places x
6 .¢ Fan Exhaust K
Location: Inland Steel, Sumner Street off Solider Rd.
Nassau, Bahamas
Direcelons: Exit Abundant Life Road tum right onto Solider Road then the first |
feft onto Summer Street tenth two storey white & blue bullding on
the left
Date && Time: 10:00a.m, ~ 4:00p.m. ~ Saturday November 1, 2008

All assets are sold as ls where is for cash, cashier’s cheque. No purchase(s)
will be released unell paid in full.

For additional Information telephone 727-5780, the Bahamas Development Bank reserves the right to
reject any or all offers.
PAGE 4B, THURSDAY, OCTOBER 30, 2008

THE TRIBUNE



a a ee ee ae SS ne ee eae
‘Six or seven’ new financial laws to come by year’s end

FROM page 1B

against efforts in Europe to revive the
OECD’s ‘harmful tax practices’ initia-
tive and European Union (EU) Savy-
ings Tax Directive.

Mr Laing said yesterday that in
response to the CFATF’s report on
the Bahamas’ anti-money laundering
and anti-terror financing defences, the
Government had moved parliamen-
tary legislation to ratify the Palermo
Agreement, which is the United
Nations (UN) Convention Against
Transnational Organised Crime.

The Palermo Agreement was a com-
mon “thread” running through the
CFATF’s report on the Bahamas and
the recommendations it made, Mr

_ Laing said.

In addition, recent reforms to the
Central Bank of the Bahamas Act, and
bringing Bahamas-based money trans-
fer businesses under the Central Bank’s
regulation, were also responses to the
CFATF’s recommendations.

The lack of oversight for money
transfer businesses had been among

the most serious deficiencies the
CFATF, the regional affiliate of the
Paris-based Financial Action Task
Force (FAT! , which ‘blacklisece” ihe
Bahamas in 2, “0, had identified.

“You will see us moving on some-—-~

additional pieces of legislation with a
view to responding to some of the
things” in the CFATF report, Mr Laing
told Tribune Business. “There are at
least six or seven n other pieces of legis-
lation.”

The minister said the forthcoming
Bills were “not major”, being designed
to clarify aveas where the CFATF felt
Bahamian law was not clear. Mr Laing
said in these cases, the regional watch-

- dog felt this nation’s laws did not do or

provide for certain things, whereas the
Government felt it did.

“There is no harm in ourselves mak-
ing clear that the law does that,” Mr
Laing added. When asked when the
planned legislation would be brought
to the House of Assembly and the Sen-
ate, he said: “Soon, hopefully even by
the end of the year. We’re really only
waiting to get some additional feed-

back from the industry.

“Some of the amendments we are
seeking to make are emerging from
the industry also. They have some
improvements they wish to make.”
Among the legislation being work
on is the Securities [Industries Act and
its accompanying regulations, which
the Securities Commission wants to go
out for consultation by year-end.

Meanwhile, Mr Laing said it was
“not a surprise” that European nations
were seeking to use the current global
financial crisis as an excuse to renew
their attack on international financial
centres, saying it appeared that the
Bahamas got “roped” into this regard-
less of the reality.

‘He was responding to Eric Woerth,
France’s minister for budget, public
accounts and the civil service, who sin-
gled the Bahamas out for special atten-
tion at a recent EU meeting in Paris,
naming it alongside the Cayman
Islands; St Kitts and Nevis and Samoa
as «. State that had not implemented
its so-called transparency and tax infor-
mation exchange commitments given

to the OECD over its ‘harmful tax
practices’ initiative.

Mr Woerth, though, ignored the fact
that the EU appeared to be abandon-

_ing the ‘level playing field’ concept that-~-

was agreed in relation to the OECD
initiative, instead accusing the
Bahamas of being a nation that “offers
zones of opacity that facilitate fraud”.
In relation to the French minister’s
comments, Mr Laing said: “We cer-
tainly take note of it, because as far as
we’re concerned we have done - and
have made - great progress in respect
of what our regulatory standards used
to be compared to what they are now.
’ “We did benchmarking, and in some
instances our standards exceed those of
many OECD countries. But we under-
stand the environment we are in.
‘Whether the reality exists or not, it
is felt there is a necessity to rope the
Bahamas in because it is one of the
major financial centres in the world.”
On the EU’s attempts to revive the
stalled OECD initiative, Mr Laing
added: “It is not surprising to us that

that could arise from this situation,
notwithstanding that this crisis had its
genesis in a developed country’s finan-
cial system.

-~ We expected impetus to be given to —

an assessment of the global financial
system and a new look taken at off-
shore financial centres. That did not
surprise us at all.

“From our point of view, we have
been, since 200, doing a number of
things to provide for a higher level of
regulation in our jurisdiction.

“We’ve continued to examine the
CFATF report, and are pursuing those
recommendations we can pursue with-
out compromising our competitive
edge, trying to maintain that very chal-
lenging balancing act.

“We’re not ceasing to look at our-
selves and ensure our standards are in
keeping with international regulatory
standards. Quite frankly, it seems we
are a little bit ahead of the curve in
that regard. Certainly, under our
regime, we’d done some thing neces-
sary to elevate regulatory standards
and put ourselves ahead of the game.”

SECTOR, from 1B

cial centres.

And ‘he urged the Bahamas
to abandon its existing business
model, which was focused pri-
marily on ‘no income taxes’ and
enabling private wealth man-
agement clients to avoid home

country taxes, and instead go
down the double taxation treaty
route.

“T see the gathering of a
storm coming right now,” Mr

Moss told Tribune Business.

“The prediction I have is,
because our leaders have done

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IN THE SUPREME COURT
COMMON LAW AND EQUITY DIVISION

NOTICE

nothing over the last 10-15 years
with regard to financial services,
we are likely to lose the finan-
cial services industry within the
next five years.

“It is because they [ succes-
sive governments] have done
nothing. They have down on
the beach with their heads in
the sand , not understanding the
seagulls and vultures are cir-
cling financial services.”

Mr Obama has made no
secret of his intention to reclaim
tax revenues he alleges are
being lost, due to US compa-
nies and individuals moving
wealth into so-called offshore
centres, having co-sponsored
the Stop Tax Haven Abuse Bill
while in the Senate. That Bill is
still alive on the Senate floor,

and likely to gather pace if

Democrats control both houses
of Congress and the White
House.

Meanwhile, the European
Union (EU) and its member

nations have made no secret of

their plans to exploit the cur-
rent global financial system cri-
sis to revive the OECD’s ‘harm-
ful tax practices’ initiative and
EU Savings Tax Directive,

launching a full-frontal assault
~ on international.financial cen-

tres.
Mr Moss described this to

2007

CLE/qui/No.1281

The Quieting Titles Act, 1959

The Petition in The Estate of the late Margaret V. Campbell in respect of:-

?

ALL THAT piece or parcel of land situated in the Eastern District of the Island of New
Providence, one of the Islands of the Commonwealth of The Bahamas containing Five
thousand and Eighty-eight (5,088) square feet being bounded on the NORTH by land
owned by Doris Smith and running Eighty two and fifty three hundredths (82.53) feet
on the EAST by land owned by Anthony and Helen Carroll and running thereon Sixty-
eight and Seventeen hundredths (68.17) feet on the SOUTH by land owned by Faye
Ramsey and running thereon Eighty hundredths and Fifty seven (80.57) hundredths
feet and on the WEST by Fowler Street and running thereon Fifty seven and Two

hundredths (57.02) feet.

The Petitioner claim to be the owner in fee simple estate in possession of the parcel

of land hereinbefore described and free from encumbrances. The Petitioner has made

application to the Supreme Court of the Commonwealth of The Bahamas under Section
3 of The Quieting Titles Act, 1959 to have their title to the said land investigated.

Copies of the file plan may be inspected during normal hours at:-
1. The Registry of The Supreme Court; and

6

2. The Chambers of Messrs. Ferreira & Company # 38 Kemp Building , East

Street, North.

NOTICE IS HEREBY GIVEN tthat any person having dower or right to dower or
any adverse claim or a claim not recognized in the Petition shall before the 29th day
of November, A. D., 2008 file in the Supreme Court and serve on the Petitioner or the
undersigned a Statement of such claim I the prescribed form, verified by an Affidavit

to be filed therewith. Failure of any such person to file and serve a Statement of such
claim on or before the 29thday of November A. D., 2008 will operate as a bar to such

claim.

FERREIRA & COMPANY

Chambers
#38 Kemp Building
East Street North
Nassau, The Bahamas

Tribune Business as “the per-
fect storm”, and added that
both the US and EU were
“going to come” after this
nation “if they believe the
Bahamas has what they say it
has. They’re going. to come and
get it. Everyone’s looking tor
taxes to insure against what’s
going on in the world”.

And he added: “The Bahami-
an financial services industry is
finished. It’s on life support
now..... We can expect to be like

Jamaica, where crime is out of

control, and like Haiti, which is
a basket case, because the
tourism product is failing.

“Our leaders have done noth-
ing to change the boundaries,
and we will pay dearly for it.,
and pay dearly for it very soon.

“The financial services indus-
try is on life support right now,
because those that tended to
the care of the system did not
pay attention to it. They did not
pay attention to the patient, and
now We're required to put it to
rest, unless we adopt radical
surgery and cut away the notion
of a ‘no tax’ jurisdiction.

“The antidote right now
would be for the Government
to Call in players in the financial
services industry who under-
stand what’s going on, because
We cannot continue to be called

this is happening. We fully recognised

a ‘tax haven’ or even identified
as such.”

Mr Moss’s views on the
Bahamian financial services
industry’s future are likely to
be controversial, and many will
disagree with him.

To secure the sector’s future
as the second most-impartant
contributor to the Bahamas’ per
annum gross domestic product
(GDP), Mr Moss recommended
altering its model to one based
upon double taxation treaties.

Not only would this give the
Bahamas respectability in the
eyes of an Obama-led adminis-
tration and the EU, but Mr
Moss said it would remove the
‘tax haven’ branding stigma and
potentially allow this nation to
attract strong capital inflows
linked to foreign direct invest-
ment.

Double taxation treaties
ensure that assets/funds are
taxed in only one jurisdiction,
rather than two. If the Bahamas
had such a treaty, assets domi-
ciled here would be taxed at a
lower rate in comparison to, say,

_the EU, and not taxed when

they. were zepettiated to

- Europe.

“We have to start nepotide:
ing double taxation treaties with
other nations. We have to be
proactive now and go with this

thing,” Mr Moss told Tribune
Business.

“I can predict this. If the Gov-
ernment does what I’m sug-
gesting, instead of seen an exo-
dus from this jurisdiction, they .
will see an increase in people
coming here because people
feel better about paying their
taxes.”

The key, Mr Moss said, was
for the Bahamas to adopt a rel-
atively low income tax rate so
foreign companies, individuals
and assets here could be taxed
at a lower rate than in their
home countries, then legally
avoid tax when funds were
repatriated.

Most clients, he added, want-
ed to be tax compliant and pay
taxes, as long as the rates were
not “exorbitant”.

This approach, Mr Moss sug-
gested, would remove the
Bahamas from the Obama and
EU hit-lists, and “provide the
resources this couniry desper-
ately needs”.

To date, he added that most
investors coming into the
Bahamas had been “realtors”,
selling land in exchange for

’ Bahamian jobs. The double tax
route, he added, could see real
capital inflows coming into this
nation for investment and infra-
structure purposes.

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MRA eas Ce YM WA foe) of ecxsfexac gy Tore


THE TRIBUNE

THURSDAY, OCTOBER 30, 2008, PAGE 5B



ae i ee ee
Tightened credit terms could hurt credit scores

@ By CANDICE CHOI
AP Business Writer .

NEW YORK (AP) — Don't
throw out that letter from your
credit card company. It may be
notifying you of a reeled in
credit line, interest rate hike or
even an account closure.

In this recessionary climate,
credit card companies across
the board are tightening the
reins on card holders to mini-
mize their exposure to risk.
Such actions could hurt your
credit score and, in turn, your
ability to get an auto loan, mort-
gage or even another credit
card. So heading into the holi-
day shopping season, make sure
you're aware of any changes to
your credit card terms.

In coming weeks, : for
instance, American Express is
instituting a broad-based inter-
est rate hike of two to three per-
centage points on card holders.
The hikes are the result of an
expected rise in charge-offs, or
balances written off as not being
paid, the company said earlier
this month.

Across the industry, credit
card charge-off rates rose to 6.8
per cent in August, a 48 per cent
jump from the same period last
year. According to Moody's

Investors Service, it was the’

' 20th consecutive year-over-year
increase.

Moody's expects charge-offs
across the industry to continue
rising into next year, eventually
surpassing peak rates seen dur-

ing past recessions.

Further pressuring credit card
companies are new industry
regulations set to be adopted
by the Federal Reserve later
this year. One proposed regu-
lation, for instance, would ban
credit card companies from rais-
ing interest rates on existing bal-
ances.

"The new regulations are
going to hamstring (card com-
panies') ability to manage
accounts the way they have in
the past," said John Ulzheimer,
president of consumer educa-
tion for Credit.com.

To protect your credit score
through these times, keep these
points in mind.

WHAT TRIGGERS
A CHANGE

Even if you're not doing any-

’ thing differently, lenders may ~

be clamping down on your
account. That's because credit
card companies are re-evaluat-
ing their criteria, said Carol
Kaplan, a spokeswoman for the
American Bankers Association,
an industry group.

In a robust economy, for
instance, a $15,000 balance may
not have triggered any alarms.
Today, it may be reason for a
higher rate or a lower credit
line, Kaplan said.

Other reasons lenders may
tweak terms inciude late pay-
ments, partial payments,
exceeding credit limits — even
if such behavior didn't provoke
changes before.

$150m project’s

FROM page 1B

dent of the Bahamas, said that
even with the worldwide eco-
nomic slowdown, there was sig-
nificant sales activity.

Robert Rose, Ocean Place’s
executive director of market-
ing, said that of the 79 units,
some 49 have been either sold
or are under contract, proving
that the Bahamas remains a
destination considered as a
haven for safe investment.

Mr Rose explained that the
development was unique in that
each resident has two designat-
ed parking spaces, and direct









references to:

access to their homes via ele-
vator without a common lobby.

Through the work of a
Bahamian company, Residen-
tial Automation, residents will
be able to access valet parking,
reserve golf and spa time, and
make reservations for restau-
rants on Paradise Island from
a central system located in their
homes. Each unit has expansive
views overlooking Nassau Har-
bour, the Paradise Island golf
course or the city of Nassau.

Owners can also control their
interior ambiance, lighting,
media and music remotely via
high speed Internet.

EMPLOYMENT OPPORTUNITY
HEAD ENGINEER

Large private estate in Nassau seeking a Head Engineer capable of
effectively managing the estate. Candidate must have certification/
experience in engineering and be able to maintain all equipment on the
estate. Previous experience working with large private estate, small luxury
hotel or embassy essential. Applications and resumes should include
reference from previous three employers. Send resume, certificates and

HEAD ENGINEER

P.O. BOX N-7776 (SLOT 193)

NASSAU, BAHAMAS

Not using your card often
enough could also be cause for
a change or even prompt the
‘company to close the account.

"The bottom line is, card
issuers are looking for a reason
to say no. They're going on
defense and minimizing their
exposure to risk," said Greg
McBride, senior analyst at
Bankrate.com.

NEW REGULATIONS

COMING ;

Credit card companies may
also be changing terms to gird
for new regulations set to be
adopted by year's end.

The Federal Reserve is still
ironing out the details, but one
proposal would ban companies
from raising rates on existing
balances; hikes could only be
applie! to future purchases.

"In some cases, we think
lenders are taking the opportu-
nity to raise rates now," said
Ruth Susswein, deputy director
of national priorities for the
advocacy group Consumer
Action.

Another proposed regulation
would prevent companies from

punishing card holders for rea- .
_ sons unrelated to their account.

Right now, companies can raise
rates or lower limits based on
information that shows up on
credit reports, such as taking
out new loans or defaults on
other cards — whether or not
such activity had an impact on
your credit score.

Some credit card companies

have already stopped engaging

in such practices. ‘This year, for
instance, Chase stopped auto-
matically raising customers’
interest rates when their credit
scores declined. The company
says the move wasn't related to
the upcoming regulations.

HOW TO PREVENT A
CHANGE
One way to guard against

toughened terms is to keep

more than one credit card. That
will give you the option to trans-
fer balances or use other cards if
one issuer takes action against
you, said Ulzheimer of Cred-
it.com.Checking your credit
score periodically to make sure
it's clean can also help fend off
unwanted changes. It's also
important to monitor to pre-
vent identity theft.

On Citigroup Inc.'s financial
literacy Web site for consumers
(www.usecreditwisely.com), the
company also suggests immedi-
ately notifying companies when-
ever you move so bills aren't
late. Other measures you can
take are obvious: Pay your bills
on time and whittle down debt
as much as possible.

NEGOTIATING BETTER

TERMS

The first step is to read any
mail from your credit card com-
pany. Notification of new terms
may also be included in your
monthly statement.

If your bank hits you with a
higher interest rate, call and ask

tax dollar boost

The second stage of the pro-
ject expected to begin within 60
days is the 50-slip marina, which
will have 30 to 80-foot boat
slips. It is being designed and
built by Heavy Marine Foun-
dations, owned by Dwight and
Dwayne Pratt.

Other partners in the project
include Brent Neymour, as pro-
ject manager; Ken Meadows,
who owns an air-conditioning
business; Lovell Ferguson, a
business owner who ran crews
for the plumbing of Atlantis;
and Tom Wrinkle, owner of an
elevator company.

A number of Bahamian com-

Pea NN

Foot Solutions franchise owner
Bernadette Gibson becomes a
Board Certified Pedorthist

Bernadette Gibson, C.Ped, owner of Foot Solutions at Sandyport became a Board
Certified Pedorthist on October 1st. 2008.

The American Board for Certification in Orthotics, Prosthetics & Pedorthics (ABC) is

the national certifying and accrediting body for the orthotic, prosthetic and

professions.

edorhic

panies benefited from the pro-
ject, including We Care Presi-
dential Services, Bahamas
Waste, Ultimate Doors and

Cornerstone Renovations, led

by Loretta Moss.

For the stories
behind the news,

read Insight
on Mondays



it to reconsider if you think the
change is undeserved. Ask the
customer service representative
if he has the authority to make
changes to your terms. If not,
ask to speak to a supervisor
who does, said the ABA's
Kaplan. "Tell them how long
you've been a customer for and
explain what went wrong. You
can achieve a lot just by calling
and being reasonable," she said.
“ Tf you're not satisfied, you

pay off balances at their old
rates, so long as they shut down
the account.

If your account is being
closed, think carefully before
asking the issuer to re-evaluate
the decision. That technically
counts as an application for new
credit and may end up hurting
your credit score. For those with
great credit and low balances,
remember that credit card com-
panies are fighting to hold onto

you so it may pay to shop
around.

can always get rid of the card.
Banks typically let customers

As a_ privately-owned, mid-sized Bahamian
Company and the authorized Caterpillar dealer in
the Bahamas, we are seeking an

Electrical Engineer.

The candidate/s should have proven experience
in Generators with’ more than 150KW‘s, Transfer
Switches, and Generation. Applicants with formal
education in electrical work are preferred. ,

Assist with troubleshooting of new products/
equipment (Both at the circuit board level and
system level).

Support Engineering efforts with ECO (Engineering
Change Orders) and EMO _ (Engineering
Modification Orders).

Support Engineering with locating. new parts,
suppliers and manufacturing solutions.

Actively seeks out solutions to technical problems.

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-lItd.com.

Only persons being interviewed for this_
position will be contacted. —





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Pedorthics is the design, manufacture, modification of pedorthic devices, to prevent
or _alleviate foot problems caused by disease, congenital defect,overuse or injury. An
ABC Certified Pedorthist, is an individual who has studied foot anatomy, pathology .
and biomechanics, shoe construction and modification, foot orthosis fabrication and
materials, footwear fitting and patient/practice management

Foot Solutions has helped thousands of peep overcome a myriad of biomechanical
conditions since it opened its doors in eu 2006. “We find solutions for people whose
feet hurt,” said Bernadette. “Consequently, we also help a lot of people who have knee,
joint and back problems,” she said.



Foot Solutions, with more than 250 franchise locations, is the world’s largest franchiser
focused on custom shoe inserts, specialty footwear and technology driven health and
wellness products.

For more information about Foot Solutions call at 327-FEET (3338) or visit us at
our Sandyport location or on the web, ;

www.footsolutions.com/nassau.



\ oo

“
PAGE 6B, THURSDAY, OCTOBER 30, 2008

THE TRIBUNE



Mi. Lc a ee
need most EPA reform

Customs to

FROM page 1B

Act to “give effect” to the trade
deal.

“Then there is the necessary
Customs administration and
legislation that has to be done,”
Mr Laing told Tribune Busi-

ness.
other administrative and leg-
islative things that have to be
done to provide for the agree-
ment, and much of that will be
on the Customs side.”

While the EPA would cover
the Bahamas’ trade in both
goods and services with EU and

Harold Road
P.O.Box CB 12182
Phone: 341-5665(kool)
Fax: 341-7378
Email:sancoair@yahoo.com

FREON SPECIAL

yy

“There are a number of

other Caribbean states, Mr
Laing said most work would
have to be done on the goods
side, and particularly with

regard to developing a Rules of

Origin regime that would be
administered by Bahamas Cus-
toms.

Given that the Bahamas
under the EPA has to liberalise
its tariff regime on goods
imported from Europe over a
25-year period, reducing tariffs
imposed on 85 per cent of those
imports, it is critical for Cus-
toms.to be able to determine

which imports originate in
Europe and those that do not so
it can still tax the latter.

And, in turn, Customs will
also have to discern between
goods manufactured in Europe
and those that merely transit
the continent on the way to the
Bahamas, as the latter could still
be subjected to import duties.

Mr Laing said developing a
Rules of Origin regime would
be critical in enabling Customs

o “validate anything coming in
from Europe, and that it origi-
nated there, in the way Rules

Legal Notice

NOTICE

NEWHAVEN FIRST FUND LTD.

IN VOLUNTARY LIQUIDATION

Notice is hereby given that in accordance with section 137 of the
International Business Companies Act 2000 NEWHAVEN FIRST

FUND LTD. is in dissolution.

of Origin provide”.
“There are some procedural
things that have to be done,”

Mr Laing added of Customs.

“We have far more manual
processes in Customs than we
would like: We need to advance
information systems in Customs
to better collect and collate
information from doing certain
things.”

Elsewhere, there was a need
“for more effective payment
processes and accountability
processes” as it related to
Bahamas Customs. -

“TI would say that there will
be meaningful reform that I
believe the Bahamian public
will benefit from significantly,”
Mr Laing said in relation to the
Customs Department.

“] think there will be greater
transparency in the process,
greater business facilitation in

‘the process, the ease of doing

business with Customs will
improve, and easier processes.

“There has to be a means for
us to make doing business in

easier, more efficient and more
accountable. This is one area
where the private sector inter-
acts significantly with the state,
so improvements there are of
great benefit to the society.”

That will be music to the ears
of many Bahamas-based busi-
nesses, given that many have
encountered substantial prob-
lems and delays in clearing and
paying for imported goods ship-
ments.

The Customs Department
featured prominently in the
Vexing Business Issues report
submitted to the Government
earlier this year by the Bahamas
Chamber of Commerce, which
said there were too few, Cus-
toms officers to deal with the
volume of business the depart-
ment handled, inevitably lead-
ing to inefficient and delayed
service.

The report also noted the ten-
dency of companies to deal with

“who they know’ within Cus-

toms in a bid to speed the
process up, something that the

Chamber report warned could
lead to corruption.

Meanwhile, Mr Laing said
that while an EPA implemen-
tation timetable was already
built into the agreement, the
Ministry of Finance had pre-
pared a draft road map itself
for the Bahamas.

“JT think that there will be
some work needed to be done
in terms of the intellectual prop-
erty rights provisions of it [the
EPA], the competition policy
provisions of it, but in terms of
weight the two would be equal
and less demanding than the
Customs area,” Mr Laing said.

this country more transparent,

The Date of the Commencement of dissolution was 23rd October

2008. David Thain of Arner Bank & Trust (Bahamas) Ltd,, Building
2 Caves Village, RO. Box N-3917 is the Liquidator of NEWHAVEN
FIRST FUND LTD. All persons having claims against, the above-
named company are required to send their address and particulars of
their debts to the Liquidator before the 23rd November 2008.

Refrigerant 404A & 410A

Regular Price: $180.00
Special: $150.00

INSIGHT

For the stories



behind the news,
read Insight
on Mondays

Legal Notice

NOTICE



MELVERNE HILLS LTD.

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

AeA NOT a etsy WES
CT ETC

MEIC Adie) mesa FTO com 01S LIU
Mechanic Shop to work on diesel vehicles. The qualified applicant
must have had 2 years prior experience and be willing to work under

| supervision, time requirements. References are required, and helpers
with their own tools is a plus.

Job Vacancy Notice

The Abaco Beach Resort at Boat Harbour
in Marsh Habour Abaco is seeking to fill the
following positions:

Chief Engineer

Electrician/Shift Engineer .

Air Condition and Refrigeration Technician
Housekeeping Supervisor
Restaurant Supervisor

Concierge

Kitchen Night Cleaner

Activities Supervisor/Boat Captain
Activities Attendant

Food and Beverage Servers.
Room Attendants

Security Guards

Bellman

‘Houseman

Habour Master

Food & Beverage Director

Please send your resume and references to the Warehouse Manager,
via fax, email or in person:

PV UMMC R BUTI

Prime Bahamas

crahming @primebahamas.com
EV SU/Asy

ARGOSA CORP. INC.
(Liquidator)



Legal Notice

NOTICE

PAT STRACHAN
Really Yales

EXCLUSIVE LISTING

PEARLUM HOLDINGS LIMITED

Notice is hereby given that in accordance with Section 138
(8) of the International Business Companies Act 2000, the
dissolution of PEARLUM HOLDINGS LIMITED has
been completed; a Certificate of Dissolution has been is-
sued and the Sonny has therefore been struck off the
Register.

All interested applicants should
submit their resume to:
info@abacobeachresort.com
or contact the Human Resources
Department at
1-242-367-1976.

Multi - Family Site off West Bay
_ Street near to Lyford Cay and
Albany Development 14,559 SQ. FT.

Asking $195,000.00
Call Pat Strachan
Tel: 323-1983
or 424-8028

~ ARGOSA CORP. INC.
(Liquidator)

1

As a privately-owned, mid-sized Bahamian Company
and the authorized Caterpillar dealer in the Bahamas,
we are seeking a candidate to work as a

Marketing / Sales Manager

The Candidate should have the following requirements:








EG G GAPTTAL MARKETS

=apyisey SERYICES





RBIs > INIEEEEED

OCTOBER 2008 \
3-38.98 | SOHG -0.22 | YTD -260.32 | YTD % -12.60
[YTD -8.82% | 2007 28.29%

“2503 FOR MORE DATA & INFORMATION
Change Daily Vol. EPS $



Co Le CON Ea














a
Today's Close
1.74

Div $ P/E Yield

0.000 24.1





























Abaco Markets 0.071
























































11.80 11.60 Bahamas Property Fund 11.80 0.00 1.061 0.200 114.4 2 oi . .
9.68 7.64 — Bank of Bahamas 7.64 0.00 0.643 0.160 11.9 e ‘Have 10-15 years experience with the Caterpillar
E . enchmark 0.89 0.00 -O.B77 0,020 N/M , . . :
3.74 3.49. Bahamas Waste 3.49 0.00 0.152 0.090 23.0 5 Product Line, have worked in a Caterpillar
< 1.95 Fidelity Bank 2.37 0.00 0.055 0.040 43.1 1.6 . ° . . .
14.15 11.00 Cable Bahamas 14.15 0.00° 224 O.2AO 1G v7 dealership or a similar Organization;
8.50 4.80 . Commonwealth Bank ($1) 726 0.00 6 vac og00 «16.3 a4 Have Caterpillar training in power generation;
6.88 1.99 Consolidated Water BDRs 2.08 -0.12 0.122 0.052 17.0 . p g p g
aio 2.25 Doctor's Hospital 2.77 0.00 0.256 0.040 10.8 The candidate should be a certified ISO 9000
i I amguard 7.80 0.00 0.535 0.280 14.6
13.01 12.00 Finco. 12.00 0.00 0.665 0.570 18.0 auditor;
14.66 11.54 FirstCaribbean Bank ~ 11.60 0.00 0.682 0.450 17.0 ‘ . : .
ee ea eee edae Gee Sie: up Gt eee. ae Must have a Degree in Engineering/Marketing
238 0.98" Hreepert Concrete a 2:99 0.033 2.900 108 0 from an accredited university;
ae ceee. ees Sees ee eee ae Must be able. to manager and motivate staff in the



ISS TREES COE

Fidelity Bank Note 17 (Series A) +
Fidelity Bank Note 22 (Series B) +
Fidelity Bank Note 13 (Series C) +

(#88 (HENS trade On a Percentage Pricing bases)
Change
0.00 7%
0.00 Prime + 1.75%
0.00 7%

Prime + 1.75%

Sales Department;

Must be able to liaison with potential buyers, grow
market share and increase sales;

Know how to execute business, sales and

Interest



Last Sale Daily Vol.












19 October 2017
19 October 2022
30 May 2013
29 May 2015

1000.00
1000.00
1000.00




eee























Bahamas Supsnekets < ae ee eee eT marketing plans, and close a sales deal;
Caribbean Crossings (Pref) 6.00 6.25 6. oo 0.000 0.480 N/M 7.80%
eH sisi: IRS eG Hiwe eee ein a5 0.001 0.000 256.6 0.00%
OSI e uuritiens eK \\
Bot rrae Gupenkercats 13.80 cas “a.00 iyi, ? gage. one oe This candidate is required to be a professional who
0.46 0.655 0.58 1.002 C C 261.9 0.00%
Aci Rue ema Wiakial RUGS 0000. B01 : thrives on the challenge of developing outstanding








customer relations and service excellence.

NAV Date
30-Sep-08

NA_V Last 12 Months Yield %

















Colina Bond Fund



€ 95
Colina MSI Preferred Fund 3.0250 0.81 4.78 31-Aug-88
Colina Money Market Fund 1.4226 3.45 1.641 17-Oct-08 . ith d ti d
Fidelity Bahamas G & | Fund 3.6090 -4.95 ‘ 3.62 OLS On
Fidelity Prime Income Fund 12.4456 4.29 5.78 ’ gO Sep on Send complete resume wl e uca ion an
CFAL Global Bond Fund 100.2421 0.24 0.24 30-Sep-08 j
CFAL Global Equity Fund 96.7492 3.25 3.25 sO Sap oO8 work experience to
CFAL High Grade Bond Fund 1.0000 0.00 0.00 31-Dec-07 j j
Fidelity International Investment Fund 9.1958 -12.42 12.42 st Mé& E Limited,
FG Financial Preferred Income Fund 1.0216 2.16 2.16 ‘e
FG Financlal Growth Fund 1.0282 zea 2.82 Z Seo P. O. Box N 3238, Nassau Bahamas, °
FG Financial Diversified Fund 1.0244 2.44 ; 3O-Sop-08 Attention: Office Administrator, or email









YIELD - last 12
Bid $ - Buying +
Ask $ - Selling
Last Price - Last 1

Weekly Vol. - T
‘ my



divided by closing price

me@me-ltd.com.











62wk-Hi - Highest closing price in last 52 weeks
52wk-Low - Lowest closing price in last 52 weeks

Previous Close - Pravious day's weighted price for dally volume.
Today's Close - Cu
Change - Change ir
Daily Vol. - Number













Only persons being interviewed for this
position will be contacted.




nt day's weighted price for dally volume
losing price from day to day

shares traded today

dad In the last 12 months

ant 12 month earnings

Jate 8/8/2007

ve Date 7/11/2007 Te











dity Bahamas Stock Index. January 1, 1994 = 100



BA29-386-7764 | FS CAPITAL MARKETS 242-396-4000 | COLONIAL 242-502-7525


THE TRIBUNE

THURSDAY, OCTOBER 30, 2008 , PAGE 7B





Client loss
‘doubles’
for Cable

during Q3

FROM page 1B

disposable incomes from loss of
tips, plus high energy and fuel
prices, has seen Bahamians con-
sumers cut back on a wide
range of spending, and cable
TV has not been immune.

When asked whether there
had been an increase in the
number of Cable Bahamas’
cable subscribers who had not
been able to pay, or were late in
paying, their bills, Mr Williams
confirmed that cable subscriber
churn had “doubled” in the
2008 third quarter when com-
pared to the first half.

“The churn has to do with
customer disconnections, and
the churn has doubled,” Mr
Williams said. “That is a big
indication to us that the eco-
nomic times are affecting our
subscribers and affecting what
they keep in terms of services.
We normally give customers
between 45-60 days [to pay]
before we disconnect, and those
numbers have been increasing
over the last couple of months.”

Blaming subscriber churn as
the key reason for the relative-
ly minimal year-on-year growth
in Cable Bahamas’ cable TV
revenues, Mr Williams added:
“In some cases people have
dropped premium services alto-
gether, and some people have
disconnected some of what they
had, meaning they subscribe to

a)
TEMIPUR

welcome to bed”

fewer packages from us.”

Still, Cable Bahamas has
managed to maintain top-line
growth in its core cable televi-
sion business, with revenues up
2 per cent year-over-year com-
pared to the 2007 third quarter.

Year-to-date, cable TV rev-
enues are 4 per cent ahead of
2007 comparatives for the first
nine months.

The good news for Cable
Bahamas has come from its
Internet and data business seg-
ments, showing the value of
having diversified revenue
streams. For both the first nine
months in 2008 and this year’s
third quarter, Internet revenues
were up 11 per cent over 2007.

For the 2008 third quarter,
data revenues were ahead of
prior year comparatives by 22
per cent, Mr Williams added,
compared to 20 per cent growth
for the first three quarters.

“The growth is mostly on the
commercial side of the busi-
ness,” Mr Williams said of the
Internet and data businesses.
“Internet is a requirement for
many, many businesses, espe-
cially the financial services
industry, which is a significant
part of our customer base on
the data side.”

On the cable TV front, Mr
Williams said the “momentum”
Cable Bahamas built up in the
2007 second half and into the
early part of this year had

helped to carry it through and

minimise the impact from the
early stages of the economic
downturn.

He explained that “a lot of
sales” were achieved during the
2007 second half, meaning that
while the revenues generated
only showed up in one or two
quarters last year, they had
been a factor right through 2008

to-date, helping to boost the .

company’s top line.

Mr Williams said the 9.3 per
cent operating expenses growth
in the three months to Septem-
ber 30, 2008, from $9.7 million
to $10.062 million year-over-
year, was largely due to a “dou-
bling” in electricity costs plus
fuel cost rises.

“We’ve also had some
increases in fees for a number of
the channels we carry, and
that’s also led to the increase,”
Mr Williams said. “We have
seen a bit of an increase in bad
debt expense over the last cou-
ple of months, and that’s direct-
ly related to subscriber churn.”

Mr Williams said Cable
Bahamas invested $2.5 million
in capital expenditure during
the 2008 third quarter, the lion’s
share going on the expansion
of its Robinson Road facility -
which is now 95 per cent com-
plete - and its new Freeport
offices.

For the first nine months in
2008, Cable Bahamas has
invested $18 million in capital
expenditure.



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down, let us put your mind
and body to rest!

Get your gas coupon,

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To advertise in The Tribune - the #1 newspaper
in circulation, just call 502-2371 today!

SECURITIES COMMISSION OF THE BAHAMAS
EMPLOYMENT OPPORTUNITY

The Securities Commission of The Bahamas (the Commission), a statutory
agency responsible for the oversight, supervision and regulation of the

investment funds, securities and capital markets in or from The Bahamas, as

well as the supervision of Financial and Corporate Service Providers, invites

applications from qualified Bahamians for the following position:

Senior Field Examiner

Responsibilities:

_ Conducting on-site inspections of entities licensed or registered by the
Commission.
Assisting in the enforcement process addressing deficiencies identified
in the inspection.

Qualifications and Experience:

° Bachelor’s. degree in Accounting or Finance

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

" Supervisory experience

“Competencies:

° Excellent oral and written communication skills

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

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

MANAGER — CORPORATE AFFAIRS
SECURITIES COMMISSION OF THE BAHAMAS
P. O. BOX N-8347
NASSAU, BAHAMAS
Fax: 356-7530

: E-Mail: info@scb.gov.bs

Applications should be received no ae than ‘November 11, 2008
VIE

SALE

Yamaha Outboards
20% Discount Off

List Price











‘This sale is offered to
Bonefishing Lodges and
Bonefishing Guides only.

Take advantage of this sale to re-power
and be prepared for the upcoming season.






Sales Ends November 30th

Harbourside

Marine, Nassau
(242) 393-0262








PAGE 8B, THURSDAY, OCTOBER 30, 2008

THE TRIBUNE



RETR UPTURN SS a I A
Another rate cut expected from Fed

m By MARTIN
CRUTSINGER
AP Economics Writer

WASHINGTON (AP) —

The worst financial crisis in 70 .
years has forced the Federal:

Reserve to employ all the
weapons in its arsenal — includ-
ing cutting interest rates to near
historic lows — to try to keep
the country from plunging into
a deep recession.

Fed policymakers are expect-
ed to slash a key interest rate by
a half-point, pushing the feder-
al funds rate down to one per
cent, as they wrapup a two-day
meeting Wednesday. _

That would put the Fed’s tar-
get for the interest banks charge
each other on overnight lows
down at level last seen during a
12-month period from June
2003 to June 2004. Before that

period, the funds rate had not.

__ been that low in 45 years, since

"Dwight Eisenhower was presi-

dent.
Economists believe the Fed

CoN

is prepared to cut rates that low
because of the rising fears that
the financial turmoil of the past
two months is raising the
specter of a deep and prolonged
recession.

“The Fed is going to send a
very strong signal that they will
do whatever it takes to restore
stability to the economy,” pre-
dicted Mark Zandi, chief econ-
omist at Moody’s
Economy.com.

The prospect of another siz-
able rate cut, coming just three
weeks a half-point move that
was coordinate with’a number
of countries, sent the stock mar-
ket soaring on Tuesday, pushing
the Dow Jones industrial aver-
age up by 889.35 points, its sec-
ond-biggest point gain in histo-

Ty. é
Even if the Fed does fulfill .

the desires of investors with its

_action Wednesday, it is not like- .

ly to end the turbulence on Wall

Street. Analysts are cautioning

to be prepared for more stom-
ach-churning days ahead as

MINISTRY OF AGRICULTURE
~ & MARINE RESOURCES

PUBLIC NOTICE

The Ministry of Agriculture & Marine
‘Resources advises the public of the discovery
of food products originating from the Peoples
Republic of China containing milk and milk
by products. Similar food products have been
found to contain contaminants that have
resulted in illness and death of infants in the

Peoples Republic of China.

The public is advised to be vigilant and to
avoid all food products originating from the
Peoples Republic of China containing milk,
powdered milk, or milk byproducts until further

notice.

If members of the public have purchased
processed food products originating from the
Peoples Republic of China labeled as
containing milk, powdered milk or milk
- byproducts, these items should be returned to
the place of purchase, or rendered unusable
and discarded, and reported to the Department
of Agriculture for collection and proper

disposal.

Contact numbers for the Department of
Agriculture (between the hours of 9am to Spm)

are:



‘Telephone Nos. (242) 325-7502/9

Facsimile Nos. (242) 325-3960 or.
(242) 356-3919




















investors struggle to deal with a
severe credit crisis and what
could be the, worst. recession in
at least two decades.

A half-point rate cut on
Wednesday would push bor-
rowing costs lower for millions
of consumer and business loans
with banks moving quickly to
match the Fed's action by low-
ering their benchmark prime
lending rate from 4.5 per cent,
where it has been for the past
three weeks, down to four per
cent.

The Fed is hoping that the
sharply lower rates will help
boost economic growth going

forward. The government will

release its first look at econom-
ic activity in the July-Septem-
ber quarter on Thursday and
that is expected to show that
the gross domestic product
shrank at a rate of 0.5 per cent
inthe third quarter.

Many analysts believe the:

GDP'— the measure of the val-
ue of all the goods and services
produced.in the country — is

falling further in the current
quarter and will also fall in the
first three months of next year.

That pattern would meet the
classic definition. of a recession
as at least two consecutive quar-
ters of declining GDP. Many
economists think that when the
National Bureau of Economic
Research, the official arbiter of
when recessions begin and end
in this country, makes its deci-
sion, it will date this downturn
to the beginning of 2008, when
the labor market started shed-
ding jobs.

The country has lost jobs
every month this year and the
unemployment rate now stands
at 6.1 per cent. Economists fore-
cast that it could hit eight per
cent by the spring of next year
due to the severity of the shut-
down of bank lending, a credit
crisis triggered by billions of
dollars of losses in mortgage
lending as defaults soared to
record levels.

That has jolted banks, result-
ed in government takeovers of

Chambers of The Chief Justice

The public is hereby notified that the
premises occupied by the Supreme
Court have been extended by the
addition of a temporary annex in the
Charlotte House, 2nd Floor North Side.

The relevant notice under section 53(1)
of the Supreme Court Act posted on
14th October, 2008 and the Court will
commence work from those premises
on 20th October, 2008.

The Honourable Mr. Justice Neville
K. Adderley and The Honourable Mrs.
Justice Claire Hepburn will relocate to
this location which will be known as
The “Supreme Court (Charlotte House,
Annex”). The telephone numbers are:

242-322-6110

and

242-322-6111,

Fax number: 242-325-6406

Donna D. Newton.
‘Registrar (Acting)



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the nation's two biggest mort-
gage companies and the biggest
shakeup on Wall Street since
the Great Depression. Banks
have become fearful about
making new loans, a develop-
ment that has had ripple effects
on American businesses trying
to get loans for normal opera-
tions, and on American con-
sumers, who are having trouble
getting car loans and home
loans.

“The credit squeeze has
moved from Wall Street to
Main Street and it is seriously
affecting the real economy and
now it has gone global,” said
Sung Won Sohn, an economist
at the Smith School of Business
at ‘California State University,
Channel Islands.

Many analysts believe a rate
cut in the United States will be
followed by cuts in other major
economies as central banks
around the world try to inject
confidence into a badly shaken
financial system.

Analysts are split, however,
on whether a Fed rate move this
week will be followed by anoth-
er rate cut at the central bank’s
last meeting of the year on
December 16.

Some analysts think the Fed
could drive the funds rate as
low as 0.5 per cent and might
even go to zero, which the Bank
of Japan did in an effort to com-
bat a decade-long bout of
malaise in the 1990s caused by a

real estate bust in that country.
Other analysts believe the

. Fed will be content to lower the

funds rate to one per cent and
leave it there, partly because
pushing it any lower would
remove any cushion to cut the
rate further should the economy
fail to respond and the down-
turn worsen.

These analysts believe the
Fed will depend on its other
efforts to battle the credit crisis,
which involve supplying mas-
sive resources to the banking
system. . :

David Jones, chief economist
at DMJ Advisors, said that Fed
officials will probably decide
that all the global efforts to fight
the credit squeeze, including a
$700 billion rescue fund in this ,
country, should be given time
to work. :

But Jones, who thinks the
econgmy will remain in a reces-

’ sion until the middle of next

year, said he believes that the
Fed will signal that it is pre-
pared to leave the funds rate at
one per cent for some time to
come.’ ;

When the Fed under former
Chairman Alan Greenspan “cut
the funds rate to one per cent
and left-it there for a year, they
kept saying rates would remain
low for a considerable period
of time,” Jones said.

“T think this time rates will
stay at one per cent for a longer
period.”

RTS ei 777
the #1 newspaper in circulation,

IR) are a CL












Anniversary Sale!

STUDIO OF DRAPERIES
Saturday Nov. Ist 9am - Spm

FREE Gifts to first 20 Purchasing Customers

Double Drapes - $119.00 .
Double Sheers - $110.00
Triple Drapes - $133.00
Triple Sheers - $123.00“

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SF


THE TRIBUNE

THURSDAY, OCTOBER 30, 2008, PAGE 9B



mah co
Durable goods

rise by largest
since June



@ By MARTIN
CRUTSINGER
AP Economics Writer

WASHINGTON (AP) —

Orders to US factories for big-
ticket manufactured goods post-
ed an unexpectedly strong
showing in September — the
largest gain in three months —
on a surge in demand for air-
planes and autos, government
data showed Wednesday.
- The Commerce Department
teported Wednesday that
orders for durable goods rose
by 0.8 per cent, surprising econ-
omists who had expected a
decline. Orders had fallen by
5.5 per cent in August, which
was the biggest setback in near-
ly two years.

The September increase was
the largest gain since a 1.4 per
cent rise in June, but all the
strength came in the trans-
portation sector. Demand for
commercial aircraft, an
extremely volatile category, shot
up by 29.7 per cent and orders

for motor vehicles rose by three.

per cent, the biggest gain in
more than a year.

The big increase in orders for
motor vehicles probably reflect-
ed the use of incentive pack-
ages by automakers trying to
spur lagging demand during a
generally dismal sales year.
Orders for motor vehicles and
parts had fallen by a sharp 8.8
per cent in August.

Demand is expected to

remain weak, reflecting the
hard economic times, rising
unemployment and sagging
‘consumer confidence.
* Outside of transportation,
orders fell by 1.1 per cent fol-
lowing an even bigger 4.1 per
‘cent drop in August. The back-
to-back declines in these areas
indicated the pressures facing
manufacturing now as the US
economy appears to be falling
into a recession.

The government will release
its first look at overall econom-
ic activity in the July-Septem-
ber period on Thursday. Many
economists believe that report
‘will show the gross domestic
product was falling at an annu-

8

al rate of 0.5 per cent in the
third quarter.

Analysts expect the GDP to
decline in the current quarter

and the first three months of

next year, too.

The classic definition of a
recession is two consecutive
decreases in GDP. Economists
believe that the worst financial
crisis in seven decades, which
erupted with force in Septem-
ber, has pushed the country into
what could be a much more
pronounced downturn than the
past two relatively mild reces-
sions in 2001 and 1990-91.

Analysts said the current
downturn is being led by con-
sumers who are cutting spend-
ing because of rising unem-
ployment and difficulty in get-
ting credit.

“The industrial sector is
merely reacting to the down-
turn. It is not leading the reces-
sion,” said Daniel Meckstroth,
chief economist at the Manu-
facturers Alliance/MAPI.

Michael Gregory, an econo-
mist at BMO Capital Markets,
predicted further declines in
durable goods orders in the
months ahead.

“The deepening US reces-
sion, a still-encumbered credit
creation process and slowing
export sales owing to the global
economic downturn point to a
much weaker trend for duable
goods orders,” he said.

The 0.8 per cent overall
increase last month left orders
for durable goods, products
expected to last at least three
years, totaling $207.8 billion.

Outside of transportation, the
weakness reflected declines in
such areas as primary metals

‘such as steel, where demand fell

by 4.5 per cent, and computers,
where demand was down 1.4

‘per cent.

Orders for non-defense capi-
tal goods, considered a good
barometer of business invest-
ment plans, fell by 1.4 per cent
in September, the second
monthly decline. Business are
cutting back on their plans to
expand. and modernize in the
face of spreading economic
weakness.

COURT
LDU

Action #:
2003/CLE/gen/01974

Judgment Creditor:
Premier Importers Limited

Judgment Debtor:
Alexander Smith
1999 Ford F150 Lariat

Action #:
2006/CLE/gen/00770

| Judgment Creditor:
Premier Importers Limited

Judgment Debtor:
Beverley E. Lewis
2001 Ford Explorer Sports Trac

Vehicles can be viewed from 7:30am
to 4:30pm at Premier Importers,
St Albans Drive.

Bids must be in writing on or
before November 16th, 2008.
Contact 322-8396 @ extn. 232
for any additional information.


























































































RBC

Royal Bank
nee, of Canada

PROPERTIES LISTED FOR SALE

(401) Lots#17 & #18 Crown Allot-
ments, Love Hill Setthement, Andros.
Containing a two storey residence.
Appraised value: $100,000

(806) Lots#1l & #2, Block 3 with a par-
cel situated between Lot #1, Block
3, containing a 4 bedroom condo-
minium — Sunset View Villas, West
Bay Street.

Appraised value: $750,000

(400) Property situated in Calabash.
Bay on the Island of Andros. 75’ x
150’ and containing thereon asmall
grocery store 480 sq. ft. and an incom-
plete 83 bed 2 bath house 900 sq. ft.
Appraised value: $65,000.00

(702) Lot #20 with residential prop-
erty located Skyline Heights.
Appraised value: $280,000

(400) Lot #14 situated in the settie-

ment of Love Hill on the Island of

Andros totalling 20,000 sq. ft. Property

contains a two storey 5 bedroom, 3
bathroom residence.

Appraised value: $185,000

(902) Lot containing commercial

_ building housing a sports bar, res-

taurantand a two storey commercial
building on Queens Highway, Tarpum
Bay, Hleuthera.

Value: $180,000

(810) Lot #60 Skyline Lakes Subdi-
vision approximately 13,000 square
feet containing a split level residence
about 10 years old. Living space is
approx 2,633 sq. ft., with covered
patios approx 480 sq. ft., walkways &
driveways approx 102 sq. ft. Located
on the ground floor is the garage,
foyer, powder room, 2 bedrooms with
closets, | conxyplete bathroom, sunken

living reem, dining room, kitchen, .

play roam & utility room. Located
onthe upper floor is the master bed-
room & bathroom, walk-in closets &
tiled balcony.
Appraised value: $453,000

(806) Lot #13, Block 4 of Coral Wa-
terways, Section One, Coral Harbour,
New Providence with two houses and
aswimming pool, #312 N.P bounded
Northwardly by a canal or waterway
of the said Subdivision known as
Flamingo waterway and runnihg
102.004 ft. Eastwardly by lot #14 and
146.145 ft. Southwardly by a reserva-
tion for a private road.

Appraised Value: $530,000

(304) Lot #2 in block #8, Steward
Road, Coral Heights East Subdivi-
sion situated in Western District of
New Providence, approx. size 8,800
sq. ft. with a split level containing two
bed, two bath, living,.dining & fam-
ily rooms, kitchen and utility room
~approx. size of building 2,658 sq. ft.
Appraised value: $322,752

(902) 0.281 acre of vacant land off
Queen's Highway in the settlement
of Governor's Harbour, Eleuthera.
Appraised value $31,320

(701) Undeveloped lot #149. Sea-
fan Lane, Lucayan Beach Subdivi-

‘sion. Grand Bahama, 18,750 sq ft.

Appraised value: TBA

(402) Lot 89, Block 7 Aberdeen Drive,
Bahamia West Replat Subdivision,
Freeport, Grand Bahama, consist-
ing of 12,100 square feet.
Appraised value $51,000

(723) Vacant lot #20 comprising a
portion of the Murphy Town Crown
Allotment #72 situated in Murphy
Town, Abaco, Bahamas...
Appraised value: $18,000

(902) Vacant lot of land situated in
South Palmetto Point, Eleuthera
measuring 97 x 127x82x121.
Appraised value: $38,000

(908) Vacant residential Lot¥30
comprising of 1.02 acre located
Dundas Town, Abaco.

Appraised value: $20,000

(108) Vacant canal lot #71. Silver

Cove Court, Silver Cove Subdivision.

Zoned: Tourist Commercial Approxi-
mately 0.4 acre.
Appraised value $175,000

COMMERCIAL BANKING
CENTRE

Tel: 242-356-8568

(800) Mrs. Monique Crawford
(802) Mr. Brian Knowles

(805) Mr. Jerome Pinder

(806) Mrs Lois Hollis

(807) Mr. Lester Cox

(808) Mrs. DaShann Clare-Paul
(810) Miss. LaPaige Gardiner
PALMDALE SHOPPING
CENTRE BRANCH

‘Tel: 242-322-4426/9

or 242-302-3800

(201) Ms. Nicola Walker

(202) Mr. Robert Pantry
(205) Mrs. Cedricka Clarke
NASSAU INT'L AIRPORT
Tel: 242-377-7179 ’

(433) Mrs. Suzette Hall-Moss
GOVERNOR’S HARBOUR,
ELEUTHERA

Tel: 242-332-2856/8

(902) Mr. Brian Hanna
HARBOUR ISLAND BRANCH
Tel: 242-333-2230

(901) Ms. Velderine Laroda





Contact Account Officer listed below by using number code for each property.

HOUSES/APARTMENTS/COMMERCIAL BUILDINGS

(433) Lot #27 of Vilage Allotment
#14 in the Eastern District, contain-
ing residence situated on Denver
Street off Parkgate Road in the Ann’s
‘Town Constituency, New Providence.
Property size 2,500 sq. ft. Building
size 990 sq. ft.

Appraised value: $50,000

(902) Lot of land 94 x-94 x 150
x 150 on Queens Highway. fust
south of Palmetto Point with a two
storey stone building containing.
two apartments. Each unit has |
3 bed/2 1/2 bath, kitchen, living
room and 3 linen closets.

Appraised value: $287,209

(105) Lot containing two storey
bldg. with 3 bed, 2 and a half bath
residence, and 30’ x 86’ situated ,
Bailey Town, North Binaini.
Appraised value: $235,000

(902) Lot#31 situated at the intersec-
tion of Albert & Victoria Streets in
Hatchet Bay containing a 2 storey
concrete building with an incomplete
2 bed/1 bath apt and store downstairs.
Property approx 2,250 sq. ft.
Appraised value: $65,000

(908) Lat# 23 located in the Subdivi-
sion of Spring City, Abaco. Containing
a 1 storey house with 2 bed/1 bath
~ Wooden Structure.

Appraised value: $60,000

(601) Lot #17 located Village Alotment
with fourplex. Value: $500,000

(701) Lot ofland having the number
16 in Block number 16 in Section
Three of the Subdivision called
and known as Sea Breeze Estates
situated in the Eastern District of
New Providence. Property contains
a3 bed, 2 bath residence.
Appraised value: $277,000

' (565) Lot #1018 in Golden Gates

Estates #2 Subdivision situate in
the South Western District of the
island of New Providence Contain-
ing a single storey private residence
3 bedroom 2 bath. Property approx.
size 6,000 sq. ft. Building approx.
size 2,400 sq. ft.

Appraised value: $173,176

(808) Lot #3 Block 24 in the Centreville
Subdivision. Building #109/ Eastern
side of Collins Avenue. Comprising
commercial 2,800 sq. ft. commercial
building.

Appraised value: $582,000.00

(701) Lot of land being lot number 11

~ in Block #10 on a plan of allotments

laid out by Village Estates Limited and
filed in the Dept. of Land & Surveys as
#142, N.P and situated in the Eastern
District of New Providence. Property
cantains 3 bed/2 bath residence. *’
Appraised value: $165,000

VACANT PROPERTIES

é
(108) Vacant Single Family Lot #5 Block
F Bahamia South Sub.
Appraised value $35,700

(702) Undeveloped lots #4A, 16, 17,
18 and 19 located Chapman Estates,
West Bay.

Appraised value $348,000

(565) Vacant lot #5 located Eleuthera
Island Shores, Seaside Drive Section B,
Block #15, Eleuthera,. 9,691 sq. ft.
Appraised value: $27,619.92

(800) Vacant property located
Bahamia South. Block 16 lot 9A,
Freeport, Grand Bahama consisting
of 24,829.20 sq.ft.

Appraised value $52,000

(565) Vacant Lot #9 (11,406.65 sq. ft.)
situated in Mango Lane Section “B”
Block #15, Eleuthera Island Shores
on the Island of Eleuthera.
Appraised value: $50,189

{909) Vacant residential Lot# 63 (7800
sq. Ft.) Crown Allotments located
Murphy ‘Town, Abaco.

Appraised value; $. 18,000

(108) Vacant Singié- amily Lot 45
Block #5 Unit #1 Devonshire.
| Appraised value $30,000.

(108) Vacant Single Family Lot#Â¥9 Bik
#14 Sherwood Forest Subs Unit #2.
Appraised value $27,700

OFFICERS

ANDROS TOWN

Tel: 242-368-2071

(400) Mrs. Rose Bethel

NASSAU MAIN BRANCH

Tel: 242-322-8700

(701) Mrs. Stephanie Saunders

(702) Ms. Cherelle
Martinborough

JFK DRIVE BRANCH

Tel: 242-325-4711

(401) Mr. James Strachan

(402) Mrs. Chandra Gilbert

PRINCE CHARLES

SHOPPING CENTRE

Tel: 242-393-7505/8

(501) Mr. Keith Lloyd

(505) Ms. Patricia Russell

CABLE BEACH

Tel: 242-327-6077

(466) Mrs. Winnifred Roberts

MARSH HARBOUR, ABACO

Tel: 242-367-2420

(908) Mr. Antonio Eyma

(909) Mrs. Sylvia Poitier

(910) Cyprianna Williams

BIMINI BRANCH

Tel: 242-347-3031

(105) Miss Ganiatu Tinubu

on Aiieg:

RBC > HELPING YOU SUCCEED

www.rbcroyalbank.com/caribbean/bahamas
@ The ion & Globe symbol and REO are registered trademarks of Royal Bank of Canady.










(909) Lot #22 with (5,000 sq. ft.)
Crown Allotments located Dundas
Town, Abaco. Containing a one storey
house with 3 bed/1 bath — Wooden
Structure.

Appraised value: $50,000

(108) Lot #1 Block #6 Winton Heights
Subdivision Easter District, NR The
property is approximately 14,834
square feetin total. Property contains
a house of 2,963 sq. ft.

' Appraised value: $433,000

(902) Lot#30 situated in Love Hill

‘Estates just north of Governor's

Harbour containing a 3 bed/2 bath
residence.
Appraised value $245,154

{101-N) Single-Pamily-Residence
810 sq. ft, 2 bed,1 bath. Lot #3
Block #1 Eastville Subdivision
Eastern. District, New Providence.
Appraised Value:$65,000

(902) Lot #17 Block 7 in section “A” of
Eleuthera Island Shores Subdivision
Northwest of Hatchet Bay containing
a3 bed/2 bath house.

Appraised value: $99,000

(203) Lot B — 50 ft. x 115.73 ft. sit-
uated on the north side of Shell
Fish Road, being the third lot west
of Fire Trail Road and east of
Hamster Road with a one half duplex
residential premises. .
Appraised value: TBA.

(901) Lot #32 containing 4 bedroom/
2 bath concrete structure located
Triana Shores Harbour Island,
Eleuthera. Property size 80’ x 120’
x 80’ 120 ft.

Appraised value: $332,735

(808) Lot# 52 Crown Allotments located
Murphy Town, Abaco. Containing a
one storey house with 3 bed/2 bath
~ Concrete Block Structure.
Appraised value: $200,006

(902) Parcel of land located on
the south side of Dry Hill Road in
Palmetto Point containing 1.087 acres
with partially started structure.
Appraised value $38,000

(902) Lot of land containing 3 bed/, |
2 bath residence in North Paimeétto
Point as $129,000

(910) Lot#12 Maderia Park, asmall
subdivision on the outskirts of
Treasure Cay, Abaco having an
area of 9,444 square feet residence
containing a concrete block
structure with asphalt shingle
roof comprises of 3 bedrooms,
2 bathrooms, family room, living

room, dining room, and kitchen.

Semied value: $147,000,

Dn



(802) Vacant Commercial Lot No:
3A, Block 60 Bahamia Subdivi-
sion VI containing 3 acres located
Freeport, Grand Bahama.
Appraised Value $750,000

(724) Vacant land at Love Beach,
Western District of New Providence
comprising a portion of “Love Estate”
containing 1 acre.

Appraised value $225,000.00.

(805) Two pore ofiland containing
21,120 sq.ft. situated on the southern
side of East Shirley Street and 100
feet west ofits junction with “Shirlea”
in the Eastern District of the Island
of New Providence — The Bahamas.
Appraised value $799,497.00

(569) Vacant property located in Sub-
division called “Culmerville” being
a portion of Lot #47 and a portion
of Lot #57.

Appraised value $24,006.00

(805) A parcel of land containing
approximately 7,641 square feet on
Crosswind Road located between
Seabreeze Lane and Pineyard Road
in the Eastern Distract of The Island
of New Providence-The Bahamas.
Appraised value $289,426.00

GRAY’S, LONG ISLAND

Tel: 242-337-0101

(100) Mrs Lucy Wells

LOAN COLLECTION CENTRE
Tel: 242-394-3560

(716) Mrs. Ingrid Simon

(717) Mrs. Nancy Swaby

(723) Ms. Deidre King

(724) Mrs. Faye Higgs

(725) Ms. Marguerite Johnson
(565) Mrs. Catherine Davis
(569) Mrs. Vanessa Scott
MACKEY STREET

Tel: 242-393-3097

(601) Mrs. Anastacia Knowles
BAY & VICTORIA BRANCH
Tel: 242-322-2451/3

(301) Ms. Thyra Johnson
(304) Mrs, Alicia Thompson
FREEPORT, MAIN BRANCH
Tel: 242-352-6631/2

(101-F) Ms. Garnell Frith
(102) Ms. Elaine Collie

(103) Mrs. Damita Cartwright
(108) Ms. Sylvie Carey
LYFORD CAY BRANCH

Tel: 242-362-4540/4037
(101-N) Mrs. Lindsey Peterson

RBC .
=e? Sk Bank
_of Canada














PAGE 10B, THURSDAY, OCTOBER 30, 2008




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the sides and back.
left side.Painted white trimmed light agua.

Lot

All that lot of land having an area of 12,150 sq ft, being lot #

side painted all white.

All that piece parcel or lot of land having an area of 5,000 sq ft, being lot # 181, of the subdivision known as Dorsetteville which is situated in the southern district of New
Providence located on this property is an approximately 25yr old single family residence comprising of approximately 1,162 sq ft & consisting of 2-bedrooms, |-bath,
kitchen, living, dining room & carport. The land is on a grade and level; the site appears to be sufficiently elevated to disallow the possibility of flooding during heavy
rainy periods. The grounds are fairly kept with improvements of concrete parking area & concrete walkways around the premises. The yard has chained linked fencing at

IHE TRIBUNE



Syren

MISCELLANEOUS PROPERTIES

THE TRIBUNE,
October 30, 2008

Lot No. 181, Dorsetteville Bamboo Town










Appraisal: $149,016.00

Traveling East Street South, turn right at porky’s service station [Victoria Blvd]. Take the 4th corner on the right (Raynell Drive) the subject property will be the 4th on the








No. 186, Coral Harbour Waterways, Coral Harbour

186, of the subdivision known as Coral Harbour Waterways, situated in the western district of New Providence.

Located on this property is a single family residence comprising of approximately 2,482 sq. ft. of enclosed living space consisting of 3-bedrooms with closets, 2. bathrooms,
kitchen, living, dining, family & utility rooms with office (loft), the residence is also equipped with 2-car garage with electronic doors the land is on a grade and level; the
site appears to be sufficiently elevated to disallow the possibility of flooding during heavy rainy peridds.

Appraisal: $427,726.80

take coral harbour road from the round about, head straight toward the canal, take about the 3rd right, hopkins drive. the subject property will be the 1st house on the right
|



This property is situated in Eleuthera Island Shores.




KENNEDY SUBDIVISION (NASSAU)

Lot No. 21 all utilities availablé 10 year old single story
house, 3 bedroom 2 bathroom, living room, dining area,
family room, kitchen, study, laundry and an entry porch.

Appraisal: $188,406.00

Heading west along Soldier Road take main entrance to
Kennedy Subdivision on the left, then take the 1st corner
on the left then 1st right, house is second on your right
with garage.

DUNDAS TOWN (ABACO)

3 two bed, 1 bath fourplex 9,000 sq. ft., lot no. 18b
with an area for a small shop. Age 12 years the land
is a portion of one of the Dundas Town Crown Allotment
parcels stretching from Forest Drive to Front Street,
being just under a quarter acre in size and on the
lowside. A concrete block structure, with asphalt
shingle roof and L-shape in design with a total length
of 70x26 ft, plus 50 x 22 ft., 2,920 sq. ft., the interior
walls are concrete blocks, ceiling is sheet rock and
the floors of vinyl tiles.

Appraisal: $265,225.00



LOT NO. 12, BLOCK 3, MILLAR’S HEIGHTS
All that lot of land having an area of 7,500 8q. ft., being lot
12, of the subdivision known and designated as Millar's
Heights,. situated in the Southwestern district of New
Providence, Bahamas. This property is comprised of a 25
yr old single family residence consisting of approximately
2,375 sq. ft of enclosed living space with three 2-bedrooms,
1-bathroom, living/dining rooms, and kitchen apartment
complex. The land is on a grade and level and appear to
be sufficiently elevated! to disallow the possibility of flooding
during annual heavy rainy periods. The grounds are fairly
kept, with improvements including parking area, walking
pathway and low shrubs. The yard is enclosed with chain linked fencing at the back and southern sides.

Appraisal: $239,500.00
Traveling west on Carmichael Road, enter West Avenue, on the South side immediately after Topps Laundromat. Take
first right which-is Wimpole St., go around the curve on the left which is London Avenue, traveling south on London
Avenue the subject property is the 9th building on the right before the T, Junction (high street) the subject building is
an L shape triplex, painted green, trimmed white.



This property is situated on the western side of the main El
Bogue North Eleuthera. All utilities and services available.



Eleuthera Island Shores Subdivision LOT NO. 1, BLOCK NO. 45,

SECTION E, ELEUTHERA ISLAND SHORES

4 All that piece parcel or lot of land having an area of 9,644 sq. ft. being lot #1 in block 45, Section “E” in the subdivision called and known as Eleuthera Island Shores
| . Subdivision, situated in the vicinity of Hatchet Bay Harbour, on the island of Eleuthera, one of the islands of the Commonwealth of The Bahams. This site encompasses a
two storey building which is approximately 14 yrs old and is abandoned. There is a wooden landing approximately 7’-4” wide by 20’-0” on the upper level, approximately
1,610 sq. ft. of enclosed living space, with 3-bedrooms, 2-bathrooms, front room, dining room, den, kitchen, and utility room. The wooden porch on the upper levei is
approximately 148sq. ft. There is also a water cistern under the dining room floor area. All utilities and services available.

Appraisal: $151,007.00

Lot No. 3 Yamacraw , Beach Estates. |
All that lot of land having an area of 10,000 sq ft, being
lot no. 3 in Yamacraw Beach Estates, in the said subdivision
situated in the eastern district of New Providence Bahamas.
Located on the subject property is a single-storey triplex
‘building comprising of 3 units with two 2-bedrooms, 1-
bathroom, living, dining, kitchen apartments unit and oie
unit being used as a barber and beauty salon. the land
is on a grade and level; however the site appears to be
sufficiently elevated to disallow the possibility of floodirg
during annual heavy rainy periods of the yea.
Appraisal: $313,016.00

Traveling south on Fox Hill Road, go pass Yamacraw
Hill Road and Joe Farrington Road. The subject property is located on the left hand side of Fox Hill road paintec
white trimmed brown. ;



Dorsetteville, Bamboo Town .

Investment Opportunity Must Sell Lot No. 51
All that lot of land having an area of 5,000 sq ft, being lot no. 51,
of the subdivision known as Dorsetteville, the said subdivision situated
in the southern district of New Providence Bahamas. Located on
the subject property is a structure comprising of an approximately
20yr old duplex apartment comprising of approximately 1,64°
sq. ft. of enclosed living space which includes two 2-bedrooms, 1-
bath, kitchen, living & dining rooms units. and an approximately
Qyr old one bedroom apartment building comprising of 382 sa
ft. with bath, kitchen, living/dining room. the land is on a grade
and level; the site appears to be sufficiently elevated to disallow
the possibility of flooding during annual heavy rainy periods of the
year. The grounds are fairly kept with improvements of concret3
parking area & concrete walkways around the premises. The yard is enclosed with chained linked fencing at the sides
and back.
Appraisal: $202,225.40
Traveling south on East Street from Soldier Road, turn right at Porky's Service Station [Victoria Blvd]. Travel pass the third
corner on the left, the subject property will be the 9th on the left side. Painted green trim white.







Investment Opportunity Must Sell Lot No.

217 Pinewood Gardens Subdivision
All that lot of land having an area of 5,000 sq ft, being Lot
No. 217 of the Subdivision known as Pinewood Gardens, the
said subdivision situated in the Southern District of New
Providence Bahamas. Located on this property is a structure
comprising of an approximately 20 yr old single family residence
consisting of 992 sq. ft of enclosed living space with 3-
bedrooms, 1-bathroom, living/dining rcoms, kitchen, drive
way and walk way. The land is on a grade and level and
appears to be sufficiently elevated to disallow the possibility
of flooding. The grounds are fairly kept and yard is open.
Appraisal: $127,988.00

Traveling south on East Street to the junction of Soldier Road, make a left at the light then turn right into Kennedy
Subdivision, go all the way to T-junction, turn right then first left then right again toward Mount Tabor Church building,
after passing Mount Tabor take first left (sapodilla blvd), the subject house is about 400 yards on the right painted yellow
trimmed green, with green and white door.



ELEUTHERA - LOT NO. 90-D, LOWER BOGUE

All that piece parcel or lot of land containing 42,616 sq. ft. and being Lot # 90-D on a survey plan situated in the settlement of Lower Bogue on the island of Eleuthera,
this site encompasses a commercial building consisting of a restaurant and disco that is approximately 13 yrs old, with a total sq. ft. of approximately 4,852.12, which
includes male & female rest rooms, stage area, 2-dressing rooms, dining room, commercial kitchen and storages inprovements also includes a 660.4 sq, ft, front veranda,
752 sq, ft, concrete walk-ways, and 192 sq, ft, back porch. This building is central air-conditioned.

Appraisal: $490,671.00
euthera Highway & approximately 2,219 ft. northerly of Four-For-Nothing Road, in the settlement of Lower

VACANT PROPERTIES



; , MUTTON FISH POINT NORTH ELEUTHERA
All that piece, parcel or lot of vacant land containing 44;714 sq. ft., and designated “E” which forms a portion of land known as “Mutton Fish Point" situated about two miles northwestward of the settlement of Gregory Town on the island of

Eleuthera, one of the islands of the Commonwealth of The Bahamas, and is bounded and abutting as follows:- Northwardly

by the land now or formerly the property of Coridon Limited, and running thereon for a distance of 393.13 hundredth ft.;

outwardly by a 30’ wide road reservation and running thereon for a distance of 402.57 hundredth ft; eastwardly by the main Queen's Highway and running thereon for a distance of 109.73 hundredth ft; westwardly by land now or formerly the
property of Caridon Limited and running thereon for a distance of 110.75 hundredth ft. this property having an area of approximately 44,714 sq. ft. this neighbourhood is zoned commercial/residential development and is quiet, peaceful and has

a topography of approximately 2 ft. with all utilities and services available.



ISLAND HARBOUR BEACH, EXUMA

All that parcel or lot of vacant land containing 10,000 (80’X 100’) sq. ft. being Lot No. 9, Block 2, Island Harbour
Beach Subdivision situated the western most portion of the Hermitage Estate, Little Exuma Bahamas. The
property is located on an unpaved road known as Stocking Road. The property also has a commanding view

of the ocean. ‘
Appraisal: $80,000.00

RAINBOW SUBDIVISION LOT NO. 3, BLOCK 27
All that vacant lot of land having an area of approximately 14,052.59 sq. ft. being lot no. 3, block 27, section
b, of Rainbow Subdivision with residential zoning. This property is bounded about 103.44 ft north by Queens
Highway, and 137.02 ft. East and about 99.94, ft south of Rainbow Hill Circle. 139.91 ft West. All utilities and

services available. :
Appraisal: $40,328.00



MUTTON FISH POINT NORTH ELEUTHERA
All that piece, parcel or tract of land containing 1 acre situated about two miles northwestward of the settlement
of Gregory Town on the island of Eleuthera, one of the islands of the Commonwealth of The Bahamas, and is
bounded and abutting as follows:- Northwestwardly by the main Queens Highway and is running thereon for a
distance of 125.462 feet northwestwardly by the land now of formerly the property of Coridon Limited, and
running thereon for a distance of 390.274 hundredth ft.; southwestwardly by a 30’ wide road reservation and
running thereon for a distance of 128.128 hundredth ft; southeastwardly by the land now or formerly the property
of the Venor and running thereon for a distance of 322.955 hundredth ft. This property having an area of
approximately 44,847.76 sq. ft. This neighbourhood is zoned commercial development and is quiet and peaceful
with a topography of approximately 2 ft. with all utilities and services available.
APPRAISAL: $51,421.00
This lot is vacant land and is located in the area known.as “Mutton Fish Point”

For conditions of sale and

Philip White @ 502-3077 email philip.white





APPRAISAL: $51,421.00












LOT NO. 10B, PALMETTO POINT

All that piece, parcel or lot of vacant land containing 9,000 sq. ft., and being Lot No. 10B situated North of
Ingraham’s Pond and Eastwardly of North Palmetto Point, on the island of Eleuthera, one of the islands of the
Commonwealth of the Bahamas, and is bounded and abutting as follows:- on the north by Lot No. 3B and
running thereon for a distance of (90) ft; on the East by Lot No. 11B and running thereon for a distance of (100)
ft; on the south by a 20’ wide road reservation and running thereon (90) ft on the west by Lot No. 9B running
thereon for a distance of (100) Ft, the said Lot is overgrown with shrubs and is in close proximity of a white sandy
beach. This neighborhood is zoned residential development and is quiet and peaceful with a topography of
approximately 50ft and because of this there is no danger of flooding. The area is approximately 80% developed
with all utilities and services available. :

APPRAISAL: $72,000.00



MUTTON FISH POINT NORTH ELEUTHERA

All that piece, parcel or lot of vacant land and improvements containing approximately 44,587 sq. ft. and
designated “F” which forms a portion of land known as “Mutton Fish Point” situated about two miles northwestward
of the settlement of Gregory Town on the island of Eleuthera, one of the islands of the Commonwealth of The
Bahamas, and bounded and abutting as follows:- Northwardly by the land now or formerly the property of
Coridon Limited, and running thereon for a distance of 383.56 hundredth ft; southwardly by land now or formerly
the property of Caridon Limited and running thereon for a distance of 393-19 hundredth ft. eastwardly by the
main Queen’s Highway and running thereon for a distance of 113.40 hundredth ft. westwardly by land now or
formerly the property of Coridon Limited and running thereon for a distance of 113.40 hundredth ft. this
neighbourhood is zoned commercial/residential development and is quiet, peaceful and has a topography of
approximately 2 ft. with all utilities and services available.

APPRAISAL: $51,276.00

other information contact

@scotiabank.com or Harry Collie @ 502-3034 * email harry.collie@scatiabank.com Fax 356-3851



4


e











~ Philip White @ 502-3077 email-philip.white

THE TRIBUNE

INVESTMENT OPPORTUNITY

MISCELLANEOUS PROPERTIES



THURSDAY, OCTOBER 30, 2008, PAGE 13B

THE TRIBUNE,
October 30, 2008

WINTON MEADOWS (Lot No. 382)

All that piece parcel or lot of land having an area of 8,300 sq. ft. being lot No. 382 situated in the subdivision known as Winton Meadows, the said
subdivision situated in the Eastern District of the Island of New Providence, Bahamas. This property is comprised of a 24 year old single family
residence with an attached efficiency (formerly the carport) consisting of approximately 2,675 sq. ft. of enclosed living area, front porch-198 sq. ft.,
back patio-380. The building is a two storey house. Besides the efficiency apartment, the house is comprised of 3-bedrooms, 3-bathrooms, inclusive
of a master bedroom suite upstairs. Foyer, front room, dining room, family room, powder room, utility room, breakfast nook and kitchen downstairs.
Climate control is provided by ducted central air conditioning, with air circulation enhanced by ceiling fans and other amenities. Quality of construction:
Average. Standard of maintenance: Average. Effective age: seven years (7) the land is on flat terrain; however the site appears to be sufficiently
elevated to disallow the possibility of flooding under normal weather condition, including annual heavy rainy periods. The grounds are well kept, with
improvements including neatly maintained lawns with flowering trees, and a concrete garden/storage shed, which is located in the backyard. The yard
is enclosed along the sides with chain-link fencing, and concrete block walls that are topped with metal railings, and metal gates at the front and back.

APPRAISAL: $365,000.00

%
Traveling east on Prince Charles Drive, pass the streetlight at Fox Hill Road until you get to Meadows Boulevard, turn right onto Meadows Boulevard, go south and take the 4th left, then 1st right. The subject house

is the 2nd house on the left side painted beige trimmed white.



- LOT LOCATED STELLA MARIS, LONG ISLAND

All that lot of land having an area of 30,000’sq ft, more or less, having a 150 ft of road frontage & running back 200 ft at its most is located within the
Stella Maris Subdivision in North Long Island one of the Island of the Commonwealth of The Bahamas. Located on this property is a 6yr old split level
residence consiting of approximately 3,058 sq. ft. of enclosed living space with 2-bedrooms, 2-bathroms, living, dining & tv rooms, kitchen & breakfast
room, also a garage which serves as a laundry room. There is also attached to the home a 10,000 gallon rain water holding tank & 1,202 sq ft of tiled



=
\ oe

HAMILTON’S, LONG ISLAND

All that piece parcel or lot of land and improvements situated in the settlement of Hamilton's in the Island of Long Island, and comprising of
approximately 13,547 sq. ft. and is elevated approximately 7-8 ft above sea level. This site encompasses a 35yr structure. A simple style home
consisting of two bedrooms, one bathroom, kitchen, living and dining room. the home however is consisted of 2 separate constructions; 613.60 sq.
ft of concrete construction and 624 sq. ft of wooden construction all amenities are to the property such as electricity, water, cable and telephone.

Appraisal: $67,000.00.

The property is accessed by the main Queen's Highway.



LOT NO. 359,
ELIZABETH
ESTATES

All that lot of land being Lot No.
359, in the subdivision known as
Elizabeth Estates situated in the
eastern district of New Providence,
Bahamas & having an area of
approximately 5,000 sq. ft. located
on the subject property is a 22 year
old single family residence
comprising of approximately 871
sq, ft of enclosed living space
consisting of 3-bedrooms, 1-bathroom, living, dining, kitchen & laundry room. The land is flat but
appears to be sufficiently elevated to withstand the annual rain fall. The property is landscaped & contains -
low shrubs, flowering & fruit trees

Appraisal: $123,425.00
Travelling east on Prince Charles Drive, turn through the main entrance into Elizabeth Estates —

Commonwealth Blvd, travel all the way to Thelma Gibson Primary School & turn right — St. Vincent
Ave. the subject property will be located on the next comer on the right side of Jamaica Ave & St. Vincent

Avenue painted all white.

(LOT NO. 62, LOWER
BOGUE) ELEUTHERA

All that piece parcel or lot of land and
improvements, in the settlement of Lower
Bogue, North Eleuthera, being No. 62,
comprising of about 34,210 sq. ft., this
site encompasses a 12 year old single
_ storney home comprising of 4 bedrooms,
3 bathrooms, front room, dining, breakfast
room, kitchen and laundry room, with
a total living area of approximately
2,342.06. Property also includes a double
car garage, and front entrance with a total
sq. ft. of approximately 655.75. This
home is approximately 85% completed.
The property is well landscaped with crab grass, fiascos and some fruit trees.



Appraisal: $229,426.00

This property is situated on the western side of Eleuthera Highway in the settlement of Lower Bogue.



BLACKWOOD, ABACO

All that lot of land having an area of approximately 258,064 sq. ft. This property is yet to reach its highest and best use. It is ideally suited to single or multi-family development as is the nature of surrounding properties within the community.
The site may also serve well as a commercial site as the area remains un-zoned the property remains largely in its original state. It is covered with low brush and broad leaf coppice vegetation intersperse with broad strands of mature Yellow

Pine indigenous to the area. The property is well drained and represents no immediate flooding danger under normal conditions. \

a)

APPRAISAL: $219,354.40

The subject property is vacant and is situated at the Southeastern entrance of the Community of Blackwood, Abaco. The property is undivided. and comprises approximately 6 acres of.a larger tract of land of approximately 26 acres.

LOT NO. 6, BLOCK 2, MILLARS HEIGHTS

All that lot of vacant land having an area of 16,000 sq ft, of the subdivision known and designated as Millars Heights,
the said subdivision situated in the southwestern district of New Providence, Bahamas. This property is zonned multi
family / single family. The land is on a grade and level; however the site appears to be sufficiently elevated to disallow
the possibility of flooding during annual heavy rainy periods of the year.

APPRAISAL: $355,000.00

Travelling west on Carmichael Road after passing Bamboo Shack and East Ave, make a left tum onto West Ave. The
subject property will be on the left handside of the street enclosed with chain link fencing just before Wimpole Street

Lot B, Wilson Street, Rock Crusher

All that lot of land having an area of 10,498 sq ft, being lot B, between the subdivision known as Rock
Crusher and in the vicinity of Perpall Tract situated in the western district of New Providence, Bahamas.
This property is zoned multi family/single family. Also located on this property is a structure comprising
of a duplex at foundation level under construction, and consisting of approximately 1,566 sq. ft. of enclosed
living space with a patio consisting of 270, sq. ft. the starter bars are in place and foundation poured.

Appraisal: $97,214.00

Traveling West on Farrington Road take a right after the P.L.P. headquarters, go about midways
through to Wilson Street, go though the corner all the way to the dead end. The property is located
behind the chain linked fence at the back of the yard.

NORTH ELEUTHERA HEIGHTS (ELEUTHERA)

Lot #20 approximately 11,200 sq. ft., and bounded on North by Early Settler Drive and South by Deal
Investment Ltd., this is a single family zoning and 50 ft., above sea level. This site encompasses a foundation
with plumbing and roughing inplace and well compacked quarry fill. The concrete floor has not been poured
as yet. The foundation is 2,511 sq. ft. Lot #20 situated 1.5 miles east wardly of the Bluff Settlement. The
said lot is vacant and a hill over looking the Atlantic Ocean.

Appraisal: $41,275.00

â„¢, aed

For conditions of sale and other information contact. _
@scotiabank.com or Harry Collie @ 502-3034 ¢ email harry.collie@scotiabank.com * Fax 356-3851

Lot No. 1010 # 1011, Pinewood Gardens Subdivision

All that lot of land having an area of 10,000 sq ft, being lot # 1010 & 1011, of the subdivision known as
Pinewood Garden, situate in the southern district of New Providence, Bahamas. Located on the subject
property is a foundation of a proposed structure. the land is on a grade & level; however the site appears
_ sufficiently elevated to disallow flooding during heavy rainy periods.

Appraisal: $140,000.00

a

Travelling from East Street south, take Sappodilla Blvd then turn onto Pigeon Plum St heading south, the
subject property is located on the corner of Pigeon Plum & Cordia Street.

Lot No. 1036 Garden Hills Estates

All that lot of land having an area of 5,989 sq ft, being Lot No. 1036 of the subdivision known as Garden
Hills Estates, a said subdivision situated in the southern district of New Providence, Bahamas. This property
is vacant land and is zonned residential - single family. The subject property is severely sloping downwards

Appraisal: $65,000.00

Travelling west on.the East West Highway, take the 2nd entrance left into Garden Hills Estates next to Hillside
Mission Baptist Church, travel up the hill on Edelweis Ave to Orange blossom ave. mak a right on orange
Blossom Ave & the subject property is the 2nd on the left side.

Eleuthera - Lot No. 15, North Palmetto Point

All that piece parcel or lot of land containing 22,316 sq. ft. being a portion of a 25.166 acre tract “A” &
being lot # 15 in a development known as Spanish Main situated in the settlement of Palmetto Point on
the Island of Eleuthera, one of the Islands of The Bahamas. This area is complete with all utilities and
services available.

Appraisal: $65,832.00

This property is situatedat Spanish Main just off the Bank Road North Palmetto Point South Eleuthera
district.



Lot B, Marigold Farm Road Allotment 67

All that lot of vacant land having an area of 1,173 acres and being referred to as the plot. the property is lot No. B and
is situated on Marigold Farm Road in the area known as Allotment 67, a subdivision situated in the south eastern district
of New Providence Bahamas, This property is zoned multi family.

Appraisal: $290,000.00
Traveling from Joe Farrington Road onto Marigold Farm Road heading south, The subject is th 2nd to last property
on the left hand side of the road near the pond.

it



y
PAGE 14B, THURSDAY, OCTOBER 30, 2008



THE TRIBUNE

INVESTMENT OPPORTUNITY





NEW PROVIDENCE

Appraisal: $930,000.00

All that lot of land having an area

No. 17 WESTRIDGE ESTATES
= of 30000 square feet, being lot







Number 17 of the subdivision
known as_ Westridge’ Estates
Addition. Situate in the Western




District on the island of New
Providence.

Located on the subject property is
a newly con-structed single storey
structure comprising 6,000 feet of
living space with a. three Car
Garage.

The building is 75% completed and

comprises five bedrooms, four and a half baths study, living/dining, family room,
kitchen, laundry and generator room.

Location: From SuperValue West Bay, take the road heading west into Westridge, take the first
corner on the Right, Westridge Drive. Subject property will be about the seventh on the right
hand side of the road.


















Lot #18 BLOCK #27 VENICE BAY Appraisal $591,955.00

A mulitfamily lot of 12,225 square feet comprising three structures. One
complete unit at the front comprising 1638 and a porch of 200 square feet of
living space. A middle structure (town house) of 1626 square feet of living
space thats 80% complete and the third building at the rear of the property up
to belt course comprising 1627 square feet. Each building has two bedrooms,
one bathroom, living and dining areas and \ OO AAT
kitchen.

Directions: Travelling West on Carmichael Road, turn onto
Bacardi Road. Travel South past Millar’s Pond just before
reaching Bacardi. Turn Right onto paved road after
passing the pond. Subject is located on the Right side of
the road. .













eT

LOT No. 21B FRASER ALLOTMENT
OFF SOLDIER ROAD

Appraisal: $303,000.00

The subject property
consisting of 8,400
square i

developed with a split
| leveled home with 1925
square feet of floor area
‘on the ground floor, a
porch area of 437
; square feet and second
floor area of 735 square
‘ feet. The building is of
sound construction
and completed in_ its

entirety. The ground floor comprises 2 bedrooms, one bath, a kitchen, dining and
family room. The second floor comprises two bedrooms, one bath, living and
dining areas.

Directions to property: Heading East on Soldier Road, turn left onto first paved road opposite
Lowes Wholesale, 2nd to last house on the road with chain linked fence.




LOT 31 TWYNAM ESTATES Appraisal: $456,000.00

A single family property
comprising 11,350 square feet.
Located on this property is an 11
year old single family two storey
residence comprising 3,794 square
feet of living space. The lower
| floor consists of living, dining and
kitchen area. A stairway, bathroom
and other public areas. The upper
floor contains two bedrooms, one
bathroom, Master Suite inclusive
ia of bedroom, bathroom and balcony.

Directions: Travelling East on Prince Charles Drive, turn Right at Super Value Food
Store. Proceed to the T junction. Turn left, then an immediate Right. Property is
located near the Dead End corner on the Right side of the road.



LOT 238 SUN CLOSE Appraisal: $136,000.00
SUNSHINE PARK

Located on this 4,200 square
feet single/multi family __
property is a 20-year-old
building of T-111 wood with
concrete floor, consisting
approxi-mately 2,198 square
feet of enclosed space. The
structure was formerly used as |

a retail store and storage
facility.
Directions: _ From Golden Gates .

Shopping Centre, Baillou Hill Road.
Take the third corner on the Right after passing Farmer’s Market. Take the

second Right then First right (Sun Close) subject is the fourth property on
the Right white trimmed black.

LOT #1440 GOLDEN GATES Appraisal: $335,000.00



Located on this 6,000 square feet
property is a split level single family
dwelling comprising four bedrooms,
two and a half bathrooms, living and
dining rooms, kitchen and TV room.
Attached to the main house is two
one bedroom apartments.

Directions: Take Carmichael Road heading west, turn corner opposite BFM Church,. Cedar
Way, then take first corner on the right, Tangerine Street. Subject will be about the second on
the right hand side of the road.




























FAMILY ISLANDS

ELEUTHERA
Lot #115 GOVERNMENT SUBDIVISION
ALICE TOWN, HATCHET BAY

py f

Appraisal: $101,023.00





Located on this property of 5,500 square feet is a 20-year-old
single family residence of approximately 1,635 square feet of
living space. Included in this home is three bedrooms, two
bathrooms, living, dining rooms and kitchen. The house is in need
of repairs.

PARCEL OF LAND, PALMETTO POINT
ELEUTHERA Appraisal: $112,105.00

All that piece, parcel or lot of land 2,743 feet East of the junction of the
Palmetto Point road and main Eleuthera Highway containing 2.45 acres. This
site encompasses a 28-year-old single storey concrete structure of
approximately 832 square feet of enclosed floor space inclusive of shop space
and rest room facilities. ;



EXUMA

CASTELRAG ESTATES, LOTS 129 & 130
EXUMA HARBOUR SUBDIVISION Appraisal: $673,075.00



The subject property is located on Kingway Road and is
developed with an area of 20,000 square feet. Situated thereon is
a residence comprised of 3,645 square feet of living.
accommodations, inclusive of 4 bedrooms, 2 baths, with laundry
and utility spaces and a two bedroom one bath guest cottage of
600 square feet. The property is fenced with white picket fencing
and has a Gazebo at the highest portion of the property.

EXUMA

BAHAMA SOUND #18
Lots 17663, 17664, 17665

The subject property is being
developed with a single family
split level residence of CBS
construction with 1956 square
feet of living space. The top
floor comprises 1496 square
feet and the lower floor
comprises 460 square feet. All
plumbing and electrical rough

work has been completed. The b oc is completed on the
bottom floor with a portion of the upper floor completed.

Appraisal: $220,180.00



EXUMA Appraisal: $170,047.00

DUPLEX in Lot #6625 Bahama Sound #8 East Exuma, Trapezium shaped
lot 35 ft. above sea level, 10,000 sq. ft. Single storey 10-year-old duplex.
2 bed, 1 bath, kitchen, dining, living room and porch area. Property is
landscaped.

For conditions of sale and any other information
contact:

HARRY COLLIE @ 502-3034
ue Mela A Cee ly UL ey i
ro) .
PHILIP WHITE @ 502-3077
ETM LLL MCs eler TL eri

Send bids to Fax: 356-3851 or P. O. Box N-7518
Rosetta Street, Nassau, Bahamas


THE TRIBUNE THURSDAY, OCTOBER 30, 2008, PAGE 15B



INVESTMENT OPPORTUNITY
MUST SELL




FREEPORT FREEPORT

Lot 23A, Block KN, John Wentworth Avenue, Unit 1} Lot 14, Block 11
BAHAMIA NORTH SUBDIVISION DERBY SUBDIVISION, FREEPORT Appraisal: $112,680.00

FREEPORT GRAND BAHAMA Apprai Lot 14, Block 11 Derby






Subdivision. Located on the
: subject property of 11,250
square feet, is an incomplete
single storey single family
house of approximately 1,008
square feet of enclosed living
space. The space consist of
one bedroom, one bathroom,
living, dining, kitchen. There
_ are porches at the front and
rear entrances.



SHHHSHSOHHOEROSOHHROTTOOHOOHRIONBOE

Located on this Multi Family lot of 23,564 square feet are two incomplete
buildings. Single story Triplex of 3,502 square feet inclusive of Living and
dining area with full service kitchen three bedrooms inclusive of Master
bedroom and two bathrooms per unit.

| a | Lot 1, Block 8, SEA HORSE VILLAGE, BAHAMA.
she cucu geverebeatncenaeae o REEF YACHT & COUNTRY CLUB SUBDIVISION



ee FREEPORT GRAND BAHAMA Appraisal: $290,000.00
Lot No: 37 BLOCK 33, CHURCHILL COURT, a nie...

BAHAMIA MARINA & BAHAMIA 4 SUBDIVISION, | .
FREEPORT, GRAND BAHAMA Appraisal: $337,000.00 '



SS

. “SSE AE Situated on this property of 12,500 square feet is a 36-year-old
. ate : ; Su ses | quadroplex apartment building containing two 2 bedrooms and 2 |.

All that lot of land having an area of 16,533 sq. ft. being lot No. 37 of the | bathroom units and two 1 bedroom, one bathroom units, Each unit

subdivision known and designated as Bahamia Marina and Bahamia Section Sntaine Th tiv acini i d d kitch

4 Subdivision, Freeport, Grand Bahama. Located on this property is a contains foyer, living and dining area, laundry and kitchen.

structure comprising a 3 year old duplex structure which covers

approximately (3,058) square feet. Apartment consisting of two 2-bedrooms,

2-bathroom with private Jacuzzi in master bath, spacious living and dining

room, full service kitchen, a laundry and utility room, foyer/hallway with linen aceccenacnaccscesccsscceocesons

and storage closet. The property is fully secured by six foot plastic coated

chain-link fence runs along the side and rear and adjoins the painted 4 foot

wall, with 5 foot pillars at front with electronic gate.



L_ ttttsenecenecnnnseanecencerneees Apt. 101- FAIRWAY MANOR CONDOMINIUMS |
| FREEPORT GRAND BAHAMA Appraisal: $62,000.00
Lot 96 HUDSON ESTATES Appraisal: $116,190.00 : ta as

e <







Located on this 72x102 feet property is a 16 years old single = , .
family dwelling comprising 1,490 square feet of living space. This | The unit is a one bedroom unit consists of a living and dining room,
includes, a living, dining and laundry room, kitchen, three | bedroom, kitchen, and bathroom. There is a laundry room facility on
bedrooms, two bathrooms, a garage and entrance porch., each floor, a common swimming pool, and fencing with an electronic
gate securing the perimeter of the grounds. The rear boundary of the
subject building is the Ruby Golf Course. The total living area is
approximately 897 square feet. ,

SPSCROSTOLSSLOGHFOSALSHLOHROSHSORLOS

Lot 7 Block 8 - BAHAMIA SECTION IV
FREEPORT, GRAND BAHAMA Appraisal: $799,560.00 —_ sosnuctaausticheeacasthasoitns

Located on the property of 1.08 acres
that has been zoned for multifamily
development are four buildings: A, B,
C and D. Houses A and B are
positioned along the road and they
face each.other. Houses C and D are
located to the rear of the building and
are facing each other, The
constructions of Houses A and Bare
just about completed, houses C and D
are incomplete. The lot is enclosed
with chain linked fence except along
the front where a concrete wall is
erected. A concrete driveway (also
used for parking and about the centre
of the lot) leads from the road and
runs through the middle of the yard
separating House A and B.

APT 402 - FAIRWAY MANOR CONDOMINIUMS
FREEPORT GRAND BAHAMA Appraisal: $62,000.00

The unit consist of two bedrooms, 2 bathrooms, Lot 4, Block GN.
Edward Birch Court, Bahamia North.

Eagh building contains a total area of
two thousand and seventy-two (2,072)
square feet. Inclusive of the entrance â„¢
porch with an area of 182 square feet.

Each. house contains an entrance «
porch, living and. dining rooms and.”
kitchen, three bedrooms, two
bathrooms, a laundry area, adequate
storage and closet space.





Lot 12B, Block LN, Unit 2
BAHAMIA NORTH, FREEPORT Appraisal: $54,000.00

The property is .located on Cadwallader Drive and has an area of
approximately 24,001.56 square feet. It is multi-family zoned,





FOR CONDITIONS OF SALE AND ANY OTHER INFORMATION CONTACT: — :
HARRY COLLIE @ 502-3034 - E-mail harry.collie@scotiabank.com or |

PHILIP WHITE @ 502-3077 - E-mail philipwhite@scotiabank.com |

Send bids to Fax: 356-3851 or P. O. Box N-7518 * Rosetta Street, Nassau, eel elated



‘ | : *
PAGE 16B, THURSDAY, OCTOBER 30, 2008 THE TRIBUNE
















Madeira Plaza Harbour Bay
sete 322-7647 393-6923
TPM Consulting Limited Robinson Road Marathon Mall
| 322-3213 393-4146

THE BAHAMAS CHAMBER OF COMMERCE, THE BARBADOS
COALITION OF SERVICES INDUSTRIES & TPM CONSULTING LTD.
PRESENTS A SPECIAL BUSINESS FORUM

Monday, November 3"4, 2008
8:30 a.m. - 12:40 p.m.
The Sheraton Cable Beach Resort

“Expand Your Business Beyond The Bahamas! Learn from Key
industry Experts on How to do Business in Barbados!”


















-AGEN

(_ 8:30 RECISTRATION © _. ‘Ms. Natasha Boyce, Barbados Coalition of
Service Industries, ‘Doing Business in Barbados’
| 9:00 OPENING REMARKS & WELCOME . oo
Mr. Philip Simon, Executive Director, The
Mr. Winsto 1 Rolle, TPM Consulting Ltd. Bahamds Chamber of Commerce, ‘Doing

~ Business in The Bahamas‘
Ms. Michelie Hustler-Small, Project Manager,

Trade in Services, Barbados Coalition of Service .

Mr. Hank Ferguson, ‘Strengthening Trade
Industries

Between Barbados and The Bahamas '

Mr. Wynthrop Catwell, President, Barbados Ms. Michelle Hustler-Small, Project Manager,
Coalition‘ot Service Industries _ : Trade in Services, ‘The Importance of Strategic

: Alliances in Services Exporting’
Mr. Dionisi» D’Aguilar, President, The Bahamas . a:

Chamber oi Commerce 11:30 QUESTION AND ANSWER
| 9:30 COMPANY PRESENTATIONS 12:00 CLOSING REMARKS
10:00 COFFEE BREAK Mr. Wynthrop Catwell, President, Barbados
Coalition of Service Industries
10:30 PRESENTATIONS :

Businuss-to-Business Meeting
are to be arranged by ap;

Please RSVP. — sat cog mie 7 ; ' es Monday, 27th October wm

Contact: Mr. Winston Rolle Tel: (242) 424-6517 | Dress: Business Attire th r u ey

_ Email:tpmconsulting@coralwave.com Valet Service Available ;








tab









RUAN ee

16 Weeks U.S.A. Accredited ===



Ue

WML
Mili

Y
Up
oon

Yew

Wd



YY
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AN



in Collaboration with
Florida Medical Training Institute:

Advanced
$900.00

Including all materials and registration costs

ty





ty
Ye



Vey



Location: _ Lignum Technologies
Harbor Bay Shopping Plaza
East Bay Street

KER






Start Date: November 3, 2008



Days/Time: Mon &Wed from 6pm-8pm.,

Duration: 7 weeks



The deadline for course registrations is

Ambulance
October 31, 2008

ride times

For more information, please contact:

: Candice Albury
me Office Assistant/Training Coordinator
- Email: candice@lignumtech.com








We

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THE TRIBUNE

THURSDAY, OCTOBER 30, 2008, PAGE 17





















ABBEY IS
PLEASANTLY
SURPRISEP TO
LEARN THE
PETECTIVE

[ SPOKE TO ALAN'S FAMILY, MARGO:
THERE WON‘T BE A FUNERAL, JUST A | APPROVED OF ALAN'S) WRONG
MOVE TO NEW. YORK. /

BEEN WALKING



A FEMALE
HOMICIDE
PETEGTIVG 222°
IMPRESSIVE!






PRIVATE SERVICE IN
MAINE.







D! WE'VE on IT'S OKAY,
Sete HONEY,



© 2008 by Kung Features Syndicate, Inc. World Rights reserved

~ KEY, THE
NEIGHBORS
GOT ONE
OF THOSE
GOOFY YARD
FLAMINGOS

__ wwew.kingleatures.com

HAGAR THE HORRIBLE




C
R-
°
¢
s
a
R
=D



-

LEAVE,



Across
1 Odd or strange Dickensian 2
surname (5) 3
8 Such treatment is always
on hand (8) 4

9 '|.rose, perhaps, in the
basket-making trade (5)

hear (5)

Yesterday’s Cryptic Solution

Across: 1 Make-up room, 6 Oral, 10
Roast, 11 Unsparing, 12 Essaying, 13
Theft, 15 Cocaine, 17 Tornado, 19
Descent, 21 Genesis, 22 Moral, 24
Ennobles, 27 Cold sober, 28 Beira, 29
Lure, 30 Well played.

Down: 1 Mars, 2 Knapsacks, 3 Ultra,
4 Routine, 5 On sight, 7 Raise, 8
Lighthouse, 9 Cast-iron, 14
Academical, 16 Idealist, 18 Austerity,
20 Tremble, 21 General, 23 Ruler, 25
Babel, 26 Band.










HIS FAMILY NEVER “WHATS |

YOURE Cuckoo! THA
JUST A BUNCH OF
LAVIES TALKING!

2 My WIFE WANTS 70 KNOW IF WHEN YOU -
YOU'LL TAKE OUT THE GACBAGE 2
& GS EEA

CRYPTIC PUZZLE |

Down

10 Not in favour of work— 5
puzzling! (8)

11 Characteristic painting is 6
backed by it (5)

12 Main points on an 7
article (3)

16 Aim straight (6)

17 Lack bite? (6) ne

18 Pay back, but not in Mi
silence apparently (3)

23 Ornament, part of a head 14

‘ornament (5)

24 Offer to support and also 15
to reform (8)

25 Proposes changes of 19
residence (5)

26 Highly commendable 20

~-----Speeches. (8)-- ~~. 24 -

27; Fruit to put in the earth, we |} 22

TURNG OUT DEWEY

_ HAD A THING FOR

' GING ANP. EXOTIC
DANCERS.

IN. .
BELIEVE MEY 22.
THIS WOMAN.»
CAN COMPETE â„¢
IN ANYBODY'S mi
WORLD! ... BSS







MAN, IT'S
‘SO REALISTIC
IT ALMOST

THATS |




Check, use sieve again (8)
Biased team and what ;
may be done about it (3-5)
South African politician

joins the French
representative (6)

One in the conspiracy is

an airman (5)

Collector’s piece that’s odd
to us (5)

Sit on the fence or
something similar (5)

Don't go without a pen (3)
Shaky tree best given a
wide berth (3).
Generous applausé goes

to a few (8)
Accidentally catch
something, perhaps (8).
A strangely weak point to | *
open one’s eyes (6) __

The going rate’(5)
Registers a car(6). 0 os.
Smith works at.it to.make . -
money (5)

F

EASY PUZZLE

Yesterday's Easy Solution

Across: 1.Soft-spoken, 6 Lash, 10
Merit, #1 Endeavour, 12 Abrogate,
13 Notch, 15:Imayine, 17 Stamina,
19 Huddled, 21 Genuine, 22 Aegis,
24 Shoulder, 27 Diversion, 28
Drake, 29 Duly, 30 Deep-seated.
Down: 1 Same, 2 Firebrand, 3 Set-
to, 4-Overawé,'§ Endless, 7 Adopt,
8 Hard-headed, 9 Maintain, 14 High-
handed, 16 Illusory, 18 Itinerant, 20
Despite, 21 Grown-up, 23 Gavel, 25
Lodge, 26 Tend.



Why





g SO MUCH FOR
” THE LITERARY

(JUST CALL IT A "SIXTH SEN
—~ s













STEREOTYPE!




Ef
G AY f N
a



©2008 by King Features Syndicate, Inc. World rights reserved.

Across

1

8
9
10

Tt

12
16
17
18
23
24
25
26

27

Period of time (5)
Very drowsy (8)
Investigate (5)
Ancient Paris
fortress (8)

Last round of ~
tournament (5)
Distress signal (3)
Deal with (6)

To some extent .(6)
Put strain on (3)

A grinding tooth (5)
Deeply respectful (8)
Disparage (5)
British long-term
prison (8)

Fierce fire (5)

COMIC PAGE
CALVIN & HOBBES

C7

“COULD YOU H




MY FRIENDS FROG TIER.”



ELP ME FIND A SYMPATHY CARD2Z








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
Sunday :

Sudoku increases from Monday to





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



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. .









strong
winning move?

pattern which alten occurs in

practical play and

Dow

13
14
15
19

20
21

22

which any



n
Guerilla fighter (8)

Moscow prison (8)... ...-

Mediterranean
principality (6)
Merry (5) _,
Brawl (5)

Fixed by
agreement (3)
Secret agent (3)
Tree-dwelling (8)
Former US island
prison (8)
Redemption from
captivity (6)
Self-respect (5)
Prevent from
happening (5)
Most important (5)

or improving amateur needs
to know. Can you spot the right
LEONARD BARDEN
Chess: 8708: 1 Qh6! ded 2 Bxi6 Bxf6 3 Sxh7+!
escapes)

(not 3 Qxh7+? KFS and Black
BgG+! KgB S Gh7+ KIS § Oxf? mate.



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



10/27













hs 4

Tour letters or nore
ean you make fram the
letters shown here? in

aking g word, csxeh



ARGET
Good 20; verP good 80; |
exeatiqu® 38 far mur}. |
Solutions Mondays.

YESTERDAY'S SOLUTION:
abel abul albeit alii:
bait. balti bate beat
beaut BRAUTIRGE
befit belt beta Bite
fea ; aL
Inst le

Tad tile

N

OW
Laas
S SS
Oe
SSS













WIRRSN
N sv ¥
A RREK







=






\\ \

. Vs EVE DEC

Famous Hand

occurred in the 1997 Grand National
Teams playoffs.

East dealer.
Both sides vulnerable.

NORTH After East opened with a weak
o— two-bid and South doubled, West,
VÂ¥KQ63 Chris Compton, muddied the waters
#9652 by leaping to four spades. North, .
®AKI102 convinced there was a slam in the — <
WEST EAST offing, cuebid five spades to ask his
@AQ9874 ®KI106532 © ‘/pariner to choose a suit.
VJ 109 ¥872 South judged that he had a much
@3 4 better hand than he might have had,
#743 #96 so he leaped to seven diamonds.
_ SOUTH Compton then sacrificed at seven
| &— spades. When North passed — invit-
VA54 ing his partner to bird on — South
AK QI1087 could not conceive that his partner
Q85 also held a void in spades, so he cred-
The bidding: ited North with the spade ace and bid
East South, West’ North — seven notrump!
2% Dble 4 54 Compton gleefully doubled and
Pass 7¢ 1¢ Pass led the spade ace, and when the
Pass 7TNT(!) Dble’ smoke cleared, South was down

Opening lead — ace of spades.

On the International Match
Point scale used to score most team
contests, the largest swing a team can

earn is 24 IMPs —- the equivalent of

4,000 or more points. Needless to
say, such a swing is extremely rare.
This is not surprising, since for such
a disparity to occur, one or both pairs
on a team must have a calamitous
result of gargantuan proportions.
Certainly, a swing of this magni-
tude would not be expected to hap-
pen in an event of any major impor-
tance. And that is what makes
today’s deal so remarkable, since it

seven — 2,000 points!
At the second table, the bidding
went:

East South West North
34 5¢ 64 7¢
Dble (!) Pass Pass Pass

East’s double was apparently
intended to show that he did not have
first-round diamond control, and
West left the double in. Seven dia-
monds doubled was worth 2,330
points, which, together with the
2,000 gained at the other table, came
to a tidy 4,330 points — more than
enough to earn the top score on the

IMP scale.

Tomorrow: The handwriting on the wall.
©2008 King Features Syndicate Ine.

\
¢






































PAGE 18, THURSDAY, OCTOBER 30, 2008







































































Bahamian Puppet and Py
his sidekick Derek put

some smiles on your

Malborough Street every Thursday _
vom 3:30pm to 4:30pm during the
P dg

Enjoy Great Food, Prizes and Lots of Fun



THURSDAY EVENING OCTOBER 30, 2008
| 7:30 | 8:00 | 8:30 | 9:00 | 9:30 | 10:00 | 10:30
NETWORK CHANNELS
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THE TRIBUNE THURSDAY, OCTOBER 30, 2008, PAGE 25



Commonwealth Bank

5





(i gentle giant of a man who I¢nt his considgrable wisdom,
Kind nature and gndli¢ss patigneg to help build’busingss through
common s¢ens¢g and uncommon trust and loyalty.

NAN NERA ORMOND NEARING LANG NONLIN SADDENED OI NGA OSERE ICSD SSN RESALES SSN ORRIN RNIN

Franklyn A. Butler, O.B.E..

Ba May 24, 1938 - October 24, 2008

Lpatedisnaeninralaameaspdipeamnparmamaeeannpnaremendatilnnanirenaseamnaneiaananasaaasnteisanetiamanamarsimanenanecanetmaneeerenee a ntare tete e e TU ATE e e TT eree te eteTeeCn nee
eRe RAIA UNNI AES AL OENT RRA AOA NMEA PSITTACI AD NONE

ia Pin a
ee rn eae cena ASE SANSONE STRODE ANAL AAES TSE SOFC) MAGS RENAE SEONG



On behalf of the Board of Directors, Management and Staff of Commonwealth.

| Bank, we express deepest condolenegs to his family and to all those in the

| many busingss¢s whosg lives he touched. He served as a Dirgetor with honour
‘i and distinetion for nearly a quarter of a eentury and his loss will be sorely felt.

| Softly in the morning, you hgard a gentle eall, gou took the hand God offered
you, and qui¢tly Ieft us all

shing on his memory in eternity.

“_@ “|



;
i
|
|
|
May the limelight he shicd away from in lifg, and that he so richly deserved |
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|


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PAGE 28, THURSDAY, OCTOBER 30, 2008 . THE TRIBUNE

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