Citation
The Tribune - Page 1

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:
2009
Frequency:
Daily, except Sunday
daily
normalized irregular
Language:
English
Physical Description:
v. : ill. ; 58 cm.

Subjects

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

Notes

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

Record Information

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

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Full Text


Pm lovin’ it

LOW 65F

in SUNNY 10
se. PARTY CLOUDY

S1F = a



BAHAMAS EDITION







Volume: 105 No.58

oN the a
acl a
apres Ty

[SEE INSIGHT SECTION

Police ‘shoot-out

Mp es FEBRUARY 2, 2009

SECTION INSIDE

with ex-officer

Armed man
arrested after
car chase

TOURISTS and churchgoers
were startled as police raced to
assist another unit involved in a
shoot-out at the corner of Sears
Road and Shirley Street yester-
day morning.

Officers:in the police control
room confirmed reports of a
shoot-out in that area shortly :
after 10am between an ex-police
officer, who had recently been
teleased from prison, and offi-
cers from the Mobile Unit who
were in pursuit.

As police cars, sirens blaring,
rushed to the scene, traffic was
backed up on Shirley Street past
St Matthew’s Church. A lilac
coloured Nissan car, which later
turned out to be stolen, had
crashed into a lightpole at the
corner of Sears Road and Shirley
Street. After the incident two
police officers on motorcycles
were left at the scene until the
badly damaged car could be
removed.

SEE page 10
Man stabbed during argument

By ALEX MISSICK
Tribune Staff.Reporter

A 21-YEAR-OLD resident of Nicholl’s Town, North Andros is in
serious, but stable condition, after being stabbed during an argument
on that.island with a group of men Friday night.

Press Liaison Officer Walter Evans said around 8.25pm the victim,
Renaldo Dames, was in “Cabana”, a popular nightclub:in Lowe Sound,
when he was attacked.

SEE page 11









Men Tn
PSNR a

TO Ut

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

GOVERNMENT’S pro-
posed unemployment assis-
tance scheme may be taking
longer than some expect due
to complicated legal para-
meters and the challenge of
determining the plan’s tar-
get group, said former State
Finance Minister James
Smith. :

The proposed plan will
come from the National
Insurance Board’s Medical
Benefits Reserve (MBR)
fund, which according to the
company’s 2006 financial
statement, totals more than
$100 million, and has been
accumulating since the
NIB’s inception and com-

SEE page 10.

“Apply tod
red towina GRAND



‘ ment boost in the





Stimulus package
‘will have little
impact for displaced
hospital.cy workers’

@ By TANEKA THOMPSON
Tribune Staff Reporter

tthompson@tribunemedia.net

THE stimulus
package offered
by the govern-
ment, while cre-
ating an-employ-

construction sec-
tor, will have lit-
tle impact for dis-
placed ‘hospitali-
ty workers, said
former Central Bank Governor
James Smith.

Mr Smith, who is also the for-
mer state finance minister, told
The Tribune that because most
of last year’s job losses stemmed
from the hotel sector, the cur-
rent stimulus packages would
offer little opportunity for them.

“The stimulus package by the

SEE page 10

James SHU



I Two ‘suicides’

PRICE — 75¢





in the space _
of 24 hours




the year last week.

each other.

that night.

SEE page 11

Man and woman
are found hanging

m-By MEGAN REYNOLDS
Tribune Staff Reporter
mreynolds@tribunemedia.net

DEATHS, believed to be suicides, devastated two more
Nassau families this weekend following the first suicide of

The bodies.of Kimberley Miller, 37, of Pastel Gardens,
and Leslie Campbell, 34, of Ruby Avenue, Cable Beach
were found hanging in their homes within 24 hours of

A relative discovered Ms Miller at around 10.30pm on
Saturday with an electrical cord around her neck. She was
pronounced dead. by Emergency Medical Services later,

Mr Campbell was found by a relative hanging from the
stairs with a rope around his neck just before 11pm





















Execution style shooting
leaves man fighting for life

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

POLICE are investigating
the execution style shooting in
the East Street south area that
left a man clinging to life in
hospital over the weekend.

According to Assistant
Superintendent Walter Evans,
on Saturday the 24-year-old
victim was driving his car in the
area of Cox Way off East
Street south with “a man
known to him.”

Sometime during the drive
the victim was shot in the back
of the head, police said.

Up to press time last night
police said the circumstances
surrounding the shooting were
unclear.

The’ victim, a Nassau Village
resident, was taken to hospital
where he is in serious condi-
tion. Police investigations con-
tinue. -

Police also reported a drug
arrest and seizure that netted

SEE page 11

Marlin Award nominee
‘Moses’ is found dead

THE Executive Board of the Marlin F
Awards said it was sad to report the death of
one of this year’s nominees, gospel dance-
hall recording artist Kasim ‘Moses’ Grant,

29:

According to online media reports, Moses
was found dead in a river-bed in Gordon
Town, St Andrews, Jamaica on January 27. |
He was apparently involved in a shooting |
‘incident the night before in which ane man
.was injured.

Also, according to reports, Moses was not |
a licensed firearm’s holder and apparently
fled the scene following the shooting. His |
body was found hours later with his right
hand and leg broken. There is still uncer-
tainty as to whether he fell while running or
jumped to his death, according to the web-

site, WWw.go-jamaica.com

t

Kasim ‘Moses’ Grant



The site also indicated that police said no bullet wounds were found
on his body and that a post mortem would be conducted on February
10 to determine the cause of death. His wife was also expected to give

SEE page 11

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PAGE 2, MONDAY, FEBRUARY 2, 2009

THE TRIBUNE





Need Help Collecting \
Past Due Accounts?

We Can
Help You
¢ Get Paid!

Phone: 328-8301

\ Apex Management Services







BY MEGAN REYNOLDS
Tribune Staff Reporter
mreynolds@tribunemedia.net

ITAL wetlands

preserved by the

Bahamas

National Trust

attracted around 100 visitors on

Saturday for a celebration in

anticipation of World Wetlands
Day today.

Visitors to the Harold and

Wilson Ponds National Park off

Fire Trail Road, New Provi-

‘dence, were greeted by live
entertainment, educational

games, food and drinks before
they were given binoculars to
tour the 250 acre park.

Spectators crossed through
tall cattail grasses on a raised
boardwalk leading to two obser-
vation decks over Wilson Pond
where great egrets, American
coots, the Bahamian white-
cheeked pintail ducks, cor-
morants, great blue herons and
glossy ibis graced the pond.

Around 100 species of native
and migratory birds have been
spotted using the wetlands,
leading Birdlife International
to designate the park an Impor-
tant Bird Area.

The Bahamas National Trust
(BNT) identified the area as a
national park in 2002 and is con-
tinuing work to extend the
boardwalk to link to Harold
Pond, build more observation
decks, develop an education
facility and elliminate alien
invasive species of plants in the
park to allow native plants to
prosper.

BNT education officer Shel-
ley Cant said the World Wet-
lands Day event, held in associ-
ation with the Bahamas Wet-
lands Committee, came under
the BNT’s Pintail Pride cam-
paign which aims to raise
awareness of the ecological,
economic and social importance
of essential wetland environ-
ments. Through the campaign
the BNT is working to educa-
tion children and adults in the
community about the impor-

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AROUND 100 VISITORS flocked to
the Harold and Wilson Ponds
National Park off Fire Trail Road,
New Providence in anticipation of
World Wetlands Day.

tance of wetlands. Miss Cant
explained how coastal wetlands
are vital to the economy as they
house 85 per cent of commercial
fish for part of their lives, while
inland wetlands serve another
crucial purpose.

Miss Cant said: “This park is
a natural flood catchment for
the area as water trickles down
from Blue Hill and collects in
Harold and Wilson ponds.

“It is quite dry this time of
year but in the rainy season the
water rises up almost to the
boardwalk.

“All of that water then trick-
les through the rock into the
ground water table, and the
plants clean the water, which
communities then use through
well systems. rete

“So water filtering recharges

the ground water table.







Felipé Major/
_ Tribune staff



“If you build on that flood-
plain you are going to have a
problem. The whole of New
Providence is suffering from
problems of water not trickling
into the water.table anymore
so we go to wetlands in Andros
to get our city water.

“We rely on wetlands for our
water supply.” .

But the Harold and Wilson
Ponds National Park also pro-
vides a charming oasis in. the
centre of a heavily urbanised
area.

Visitor Emerika Robinson,
30, of Soldier Road; Nassau,
said: “This is the first time I
have come out to enjoy the park
and it’s a very peaceful experi-
ence.”

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THE TRIBUNE

MONDAY, FEBRUARY 2, 2009, PAGE 3





Two arrested
for alleged
possession
of unlicensed
firearms

GRAND Bahama police
arrested two men over the
weekend for alleged posses-
sion of unlicensed firearms.

The first arrest occurred
around 3.45pm Saturday
when officers on mobile
patrol in the area of Glad-
stone Terrace saw a vehicle
with two occupants that sped
off as police approached,
according to Grand Bahama’s
Assistant Press Officer ASP
Clarence Reckley.

As the officers gave chase,
the vehicle soon stopped and
the passenger, a male in his
late 20’s, got out and fled on
foot, ASP Reckley'said. The
officers pursued, and caught
the suspect. A black .45 pistol
with seven live rounds of .45
ammunition was retrieved.

Police also reported that
around 12.40am yesterday,
officers acting on a tip went to
the Port Lucaya area where
a 26-year-old Guyanese male
was arrested and charged by
police for possession of a .22
caliber pistol with one live
round of .22 ammunition.

Both men are expected to
appear in Magistrate’s Court
in Freeport today to face
related charges.

Developments in
Trinidad ‘have no
financial impact on
CLICO (Bahamas)'

IN A statement over the
weekend Clico (Bahamas)
announced that developments
in Trinidad on Friday: involv-
ing C L Financial Limited
“have no financial impact on
CLICO (Bahamas).”

“CLICO (Bahamas), ” said’ i

the statement, “‘is.a separate
entity within the CL Financial
Group, and none of its assets
are intertwined with CLICO
(Trinidad).”

“The facts are,” the state-
ment continued, “that CLICO
Investment Bank (CIB) has
been sold to Trinidad and
Tobago’s First Citizens Bank
Limited, and the Government
of Trinidad and Tobago will
provide the liquidity to support
any strain on -CLICO
(Trinidad). This liquidity is
backed'‘by the assets of CL
Financial Limited.

“CLICO (Bahamas) remains
solid with sufficient assets to
support all of its liabilities.”

Small plane hits
vehicle near private
Florida runway

@ TALLAHASSEE, Fla.

AUTHORITIES say two
people died when their vehicle
was struck by a small plane tak-
ing off from a private runway in
north Florida, according to
Associated Press.

Federal Aviation Adminis-
tration spokeswoman Kathleen
Bergen says the Jeep vehicle
was driving alongside the sin-
gle-engine plane Sunday after-
noon on private property in
Leon County..

After being struck by the
plane, the vehicle veered into
a tree. Bergen says two people
inside. the vehicle were killed:

No one in the aircraft was
injured.

Federal authorities are inves-
tigating.

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LOCAL NEWS

- Immigration Department aiming

to upgrade border control system

i By ALEX MISSICK
_ Tribune Staff Reporter

THE Department of Immigra-
tio.n is doing all it can to upgrade
the. country’s border control man-
age ment system, according to
State Minister for Immigration
Bran'ville McCartney.

During all of last week, offi-
cers have been training for the

necessary upgrades however they

are slightly delayed.

“We ihave been trying to inte-
grate the system and get it up and
running, itraining persons, but we
anticipate that we will have this
up and rea'dy to go, but prior to
that we have to put some things
through the House of Assembly

~ by way of legtislation in order for

it to take effe.ct and we are work-
ing with that \part. So we antici-
pate in short order that it will be
done which will also allow us to

make the work permits to be the
size of a credit card,” Mr McCart-
ney said.

Minister McCaxtney said the
border control management sys-
tem should have information on
persons coming into the country,
especially ex-convicts.

“That is a decision that has to

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be made whether or not they
have done their time, whether or
not it is believed ‘that this person
has reformed, or if it is sought
that this person would be a men-
ace to Bahamian society, We
should be able to detect ‘that
now,” Mr McCartney said.
Minister McCartney said
although the border control
mechanism is in place, the cor-

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rect training of the officers is
paramount for the system to run
smoothly.

“We can go through all this
with the border control system,
but we need to have persons who
are professional at these borders
who are able to determine and
pick up on certain things because
there may have been. persons who
got through to a certain extent.

. Therefore training is fundamen-

tal to ensure persons are greeted
in a professional way. because we
must remember that many per-
sons coming are tourists and we
don’t want to be a hindrance in
that regard,” Mr McCartney said.

Mr McCartney said he feels the
border control management sys-
tem will be a very effective mech-
anism for the country although
everything has faults.

“There is nothing that is full
proof and we have to be realistic
about it.

“However, it is going to be very
significant in allowing us to know
who is in our country, where
those persons are by the touch of
a button and I think that will be a
significant move forward for
immigration,” Mr McCartney
said.

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THE REMAINS of the house on Cordeaux Avenue.

Cordeaux Avenue
fire leaves three
families homeless

THREE families were able to get safely out of a burning 14-
room clapboard single-storey rental in the early morning chill
yesterday, but lost most of their possessions to smoke and
water damage as firemen extinguished the blaze.

The families were wakened 7.45 am as the fire raced through
the partially stucco building on the corner of Cordeaux Avenue
and Wilson Tract in the Englerston constituency. The building
is owned by Ruellin Moss.

Victoria Moss-Ferguson, 48, and her two children lost every-
thing in the blaze.

They occupied four of the building’s rooms.

Merlida Daxon, 29, and her three children occupied the
middle section and they too lost all their belongings.

Shenique Hart, 30, and her three children with the help of
neighbours were able to get most of their personal belongings
and furniture outside as the fire raged.

"The fire started in the front section of the building and I was
able with help of the neighbours to save most of my stuff," she

mn nic, 5







Lloyd Mackey, Al, Who occupied: a ane room in fhe: build:
:, ing, was the lucky one with his unitleft untouched by the morn-
ing blaze.” oe sao

Police are investigating to determine the cause of the fire.



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PAGE 4, MONDAY, FEBRUARY 2, 2009

a
Farewell to one of

The Tribune Limited

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

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

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

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

Publisher/Editor 1919-1972 ©
Contributing Editor 1972-1991

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

Publisher/Editor 1972-

Published Daily Monday to Saturday

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



Elvis has left the mountain

DAVOS, Switzerland — In its own unpre-
dictable way, the Davos World Economic

= Forum usually serves as a crude barometer of

= the latest mood or mania on the world stage.
» This year did not disappoint. What has struck
me is the quiet urgency that infused so many

- panel discussions and private conversations.

-here between investors, ponicans and social

. activists.

To put it crudely: everyone is looking for the

[8 guy — the guy who can tell you exactly what ails

~ the world’s financial system, exactly how we
') get out of this mess and exactly what you should
©. be doing to protect your savings.

<. But here’s what’s really scary: the guy isn’t
< here. He’s left the building. Elvis has left the
* mountain. Getusedtoit. .

». What do I mean? First, if it is not apparent to
= you yet, it will be soon: There is no magic bullet

“ for this economic crisis, no magic bailout pack-

‘ age, no magic stimulus. We have woven such a

<> tangled financial mess with subprime mortgages .

'. wrapped in complex bonds and derivatives,

“ pumped up with leverage, and then globalized
< tothe far corners of the earth that, much as we

= want to think this will soon be over, that is high-

4° ly unlikely.

We are going to have to learn to live with a lot
“ more uncertainty for a lot longer than our gen-
eration has ever experienced. We keep pouring
- money into the dark banking hole of this crisis,

desperately hoping that we will héar it hit bot- |

tom and start to pile-up. But so farsas‘hard as

we listen, we can’t hear a’ thing: And’so' we

keep pouring...

« A broker friend told me it reminded him of
«. When he was a teenager and his doctor first
«2 diagnosed him as unable to digest wheat prod-

* ucts. He said to the doctor, “Well, just give me

-. a pill.” And the doctor told him: there is no
© pill. “You mean I’m just going to have to live
. with this?” he asked. That’s us. There is no pill
‘i —not for this mess.
~The fact that there is no single pill doesn’t
= mean thére’s nothing to be done. We need a
«> Stimulus big enough to create more jobs. We
~. need to remove toxic assets from bank balance
~ Sheets. We need the Treasury to close the insol-
«= vent banks, merge the weak ones and strength-
en the healthy few. And we need to do each one
tight. But even then, the turnaround will be
neither quick nor painless. Indeed, the whis-
“} pers heré were that what has been an exclu-
‘. sively economic crisis up to now may. soon
“. morph into a domino of political crises — as
happened in Iceland, where the bankruptcy of
_ the banks toppled the government on Monday.
(Davos humour: What is the capital of Ice-
land? Answer: $25).

rr. aT

Beh

RENTAL STORE

Second, we’re going to have to get used to a
loss of trust. All those rock-solid people and
institutions that we trusted with our money,

‘our pensions and our children’s piggybank sav-
ings — like Citigroup, Merrill Lynch, Bank of

America — do not seem trustworthy anymore.
Never before in my.adult life have I looked
around at every bank in my town and said, “I’m
not sure I wouldn't prefer to put my paycheck in
a mattress.”

The Bernard Madoff scandal, of course, has
only reinforced that loss of trust. His degree of
betrayal — his alleged willingness to embezzle
the life savings of people whom he had known
his whole life — is so coldhearted that it charts
new territory in human behaviour. He’s on his
way to becoming an adjective. Money man-
agers are already being asked prove to prospec-
tive new clients that their internal safeguards are
‘“Madoff proof.”

I’ve written a lot about the Indian outsourc-
ing community, so I knew B. Ramalinga Raju,
the Satyam chairman accused of embezzling $1
billion from his own company. What’s really
sad is that I didn’t get to know him through his
business but through an interest in his family’s
charitable work. They created India’s first 911
emergency system in their home state and call
centres in Indian villages, so young people there
could get service jobs. Was all that a fake, too?
Or was he just an embezzler with a good heart?
Don’t know. When you can’t even trust a per-
son’s charitable work, you’ve hit a new low.

. “We’re all going to have to learn to:live with
a lower level of trust in our lives,” an African
banker friend said to me here. But the mind

' recoils at that, which may explain why so many

people I talked to here are hoping that President
Barack Obama will turn out to be the guy.

Like Harry Truman, Obama is definitely pre-,

sent at the creation of something. He is arriving
on the scene “not after a war but after the same
kind of shattering of institutions that a war
does,” said Peter Schwartz, chairman of the
Global Business Network.

“His job is to restore confidence to these
institutions that shave been at the foundation
of our economy.”

That may be Obama’s most important bailout
task: to educate the country that there is no
easy escape here, except taking our medicine,
getting our fundamentals right again and work-
ing our way out of this, brick by brick, by getting
back to making money — what was that old
Smith Barney ad? — “the old-fashioned way”
—by ome it. .

(This arhele was written by Thomas L Fried-
man — c.2009 New York Times News Service).



THE TRIBUNE



the best teachers our
country has known

EDITOR, The Tribune.

Recently our country lost
some outstanding and well
known citizens.

A few Saturdays ago we
mourned the loss of both a
sports and a religious giant.
Also on that day, an excellent
educator was buried.

Though not as popular as
the other aforementioned per-
sons, her contribution and ser-
vice to the educational system
was second to none.

Sometimes people come
into our lives for but a brief
moment but they have an

« everlasting impact on you and

change your life forever. So
was the case with Mrs Ianthe
Natasha Minus-Bain.

I first met this beautiful,
young lady when I joined the
staff of E P Roberts Primary
School in January 2005.

They say first impressions
are lasting impressions and
what an impression Janthe
made!



aU eee:

etestibaneredia.ret



Anyone who came into con-
tact with her was first blown
away with her outer beauty
and appearance.

She looked like a modiel off
the front cover of Vogtie.

But even more notalole was
her passion for excellence and
her conviction that all children
can learn.

She raised the bzir high in
education by setting, standards
for her students ‘that made
them believe that though they
came from an inmer city com-
munity they were; just as smart
and important. as students
from private schools and gated
communities.

She inspired her students to
dream big!

This young, lady was an edu-
cator “par ‘2xcellence!” She
was dedicated to her profes-

sion and was a role model to

‘her colleagues. Even though

she was battling cancer, many

days she still came to school

after receiving treatment.
She never complained or

_accepted pity from anyone.
Instead she was the epitome

of “grace under fire.”

Ianthe. handled the chal-
lenges in her life with dignity.

It was because of her unique
personal qualities and stellar,
professional performance as
a teacher that I felt the entire
country should know more
about her.

Yes, we did lose an excel-
lent sportscaster and a virtu-
ous woman of God but we
also lost one of the best teach-
ers our country has ever
known.

My life is more enriched just
for knowing her.

May her soul rest in peace.

PATRICE BODIE
Nassau,
January 23, 2009.

Government should consult The Central
Bank to give working class some relief

EDITOR, The Tribune.

Jam not an economist but a struggling: work-
_ ing class Bahamian in our ailing economy.

I note that the Central Banks throughout
the world are reducing the interest trate; to assist
those who have existing mortgages or encour-

age individuals to borrow.

I understand the Government of the
Bahamas is striving to assist those who are
unemployed and less fortunate, but the work-
ing class are on the edge too, and in need of

assistance.

The majority of us are living ftom pay cheque
to pay cheque and it is a very uncomfortable

feeling.

Actually, after paying the mortgage, the util-
ities, insurance, food, etc, there is literally noth-

ing left.

I humbly suggest to the Grovernment of the
Bahamas to consider consul ting with The Cen-
- tral Bank, to reduce the prime rate so that the

working class. may get relie:f.

This action will reduce the loan payment,
which will allow some money to be freed up for

other essentials, food, school supplied, etc. We
are hurting and we do not want hand-outs but
we:really need some relief until there is an
economic upturn!

The mere fact that gasoline has gone down
from $5.64 to $2.95 has been a big relief. Addi-
tionally, this has assisted our GB power bills be
reduced, as the fuel surcharge has been reduced
from $.24 to $.10.

Additionally, we were told by the Minister of

Health, who is concerned about the health of

the nation that there will be no duty on fruits,
vegetables, 100 per cent juice but I really do not .

/See+the decrease in these items as I purchase

each week.

Freeport,

We need relief and quick action!
CONCERNED CITIZEN
Grand Bahama,

January 15, 2009.

Arrogance overshadowed only by i ignorance

EDITOR, The Tribune.

Last evening (Saturd.ay) at
about 8pm the noise again
started at the Balnamas
National Trust :

Icalled Eric Carey at home
and complained, he respond-
ed ‘n his usual rude way that
he would “call the in staff Cus-
todian.” Twenty minutes later
the music was even louder. I
called again, his response was

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The noise stopped at 2am.
At 12 midnight I complained
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and they explained that every

time they went to the Retreat .

the partiers would turn the
music down then soon after
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We cannot allow this to
continue.

In my opinion Eric Carey's
and the Bahamas National
Trust's arrogance is over-
shadowed only by their i igno-
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Sleepless and angry in
Greenwood Road.

LEONARD SMITH
Greenwood Road,
Nassau,

February 1, 2009.

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Application Is Open

The Lyford (Cay Foundations are pleased to announce that applications are
now being accepted for technical training and vocational scholarships for
study in the U.S., Canada, the U.K. and the Caribbean.

Applicants must be Bahamian citizens and pledge to return to The
Bahamas upon completion of their studies.

Technical training and vocational scholarships are directed primarily at
individuals who wish to train or upgrade skills in areas where there is a
shortage of well-qualified Bahamians in the work force.

Approved fields of study are agriculture and fisheries; air-conditioning
and refri¢geration; automotive, marine and aviation mechanics;
computer service technology; construction and related trades including
electrical, carpentry, plumbing, painting and masonry; health care
technology; heavy equipment operations; hospitality, tourism, and
culinary arts,and machine shop and welding.

Please visit our website at www.lyfordcayfoundation.orgfor additional
information and application forms.

Forms rnay also be obtained from high school guidance counselors,
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THE TRIBUNE

m@ By ALEX
MISSICK
Tribune Staff
Reporter 6
GOVERNMENT is

attempting to weed
out the number of
criminal deportees
returned to the
Bahamas by only
accepting deportees
with legitimate
Bahamian citizenship,
' Foreign Affairs Minis-
ter Brent Symonette said.
More than 3,000 Caribbean
nationals were sent back to the
region — mostly criminal depor-
tees from the United States: —
since the end of last year, Min-
ister Symonette said.
But the:Bahamas.is placing

strict rules on these deportees. .

Mr Symonette. said during his
tenure he has refused’ requests
to deport. persons to the
Bahamas who were born here
but are not citizens.

“There is a safeguard on our
part just because they say they
were born here we ask them to
produce, proof of their Bahami-
an passport and so forth. So not
everyone gets approved,” Mr
Symonette said. :

The deportation of these
criminals poses serious. chal-
lenges not only to national secu-
rity interests in receiving coun-

tries, but also to the manage- .

ment and control of security
globally. . ;
The Bahamas and other
. CARICOM nations deportee
total ranked in the double and
. Single digits last year. Ninety-
one deportees were.received last
year, but 74 were criminal com-
pared to 17 who were non-crim-
inal. hath Dane
Mr Symonette said because
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os Paty al U a
Sat eee

of the United States’
increasing deportation
rates, a number of per-
sons coming back to
the Caribbean may
have a serious crimi-
nal record.

“Murder, drug
smuggling and so
forth, those persons
come back. CARI-
COM and the United
States have been
working to try-and do

mame a test project to see
how to reintroduce those people
back into the environment: of
the country of their birth. In
some cases those persons went
to the United States when they
were five and were deported
here when they turned 25, so
there is some difficulty there.
As of November 26 last year, 14
deportees have applied for
deportation. and two were
approved last week who are




. Bahamian citizens,” Mr Symon-

ette said.

Deportation has become a, ;

key issue for countries-in the
Caribbean since the, 1996 immi-
gration laws changed:and made
green card holders who’commit
crimes, even petty ones,
deportable. The mass relocation
of criminal offenders from rela-
tively high security environ-
ments in the US to less secure
ones in the Caribbean that have
major issues with crime, has
merely shifted the responsibility
for managing such persons ‘to
their country of birth. The Unit-
ed States is responsible for more
than 75 per cent of all criminal
deportations to the region.
“There are a number of
Caribbean nationals who com-
mit offences in the United
States. In our. case they contact
one of our embassies in the US,
who then. contact Foreign
Affairs. We then pull the pass-
port file and if the person is a
citizen as opposed to ‘born here’
we would then approve the
repatriation of that person to
the Bahamas,” Mr, Symonette

US Immigration and Customs
Enforcement (ICE) figures,
show that some 3,292 CARI-
COM nationals were deported
from the US between last Octo-
ber and July 14, 2008, among

‘the total 243,574 migrants

deported globally by: ICE..,:







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

FREEPORT - Brian Collie,
executive organizer, said Presi-
dent Roy Colebrook and other
officials at the Bahamas Hotel
Catering and Allied Workers
Union continue to defy a court
order to pay him and five other
executives their back pay.

Mr Collie, who claims he is

owed some $14,000 in salary:

back pay from the union, said

the penal order was handed -

down by Justice Neville Adder-
ley last June. ony

In the order dated June 2,
2008, the defendants, President
Colebrook, Treasurer Basil
McKenzie and Secretary Gener-
al Leo Douglas were ordered to
authorise payment of sums nec-
essary for normal running of the
business of the union, including
salaries and payment of accrued
unpaid salaries and allowances
to all Executive Council mem-
bers. :

“Tt has been seven months and
these men continue to act in defi-
ance of the order,” Mr Collie
alleged. “J have bills to pay and it
seems as if they have no inten-
tion of paying us our monies.”

In addition Mr Collie, Kirk
Wilson, first vice president,
Lionel Morley, second vice pres-
ident, and executives Samantha
Gray, Quincy Munroe, and Ray-
umond Wright are owed back pay.

According to the order, Roy
Colebrook is prohibited from
signing any cheques of the union
or dissipating.the assets of the
union. .

The order states that Mr
McKenzie as treasurer and Gen-
eral Secretary Douglas shall sign
all cheques along with one of the
plaintiffs, trustees Kayla Bodie
or Ian Neely.

Mr Collie stated that an appli-
cation for contempt of court was
filed last year by their lawyer
Keod Smith. He noted that they
are still awaiting a court date for
the matter to be heard.

The union official claims that
the union president is spending
significant sums of monies send-

ing people to. Grand. Bahama,

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Wirienlina) Union official claims he is
Ee owed

$14,000 in back pay

but refuses to obey an order to

pay executives their back pay.
“It is very upsetting because

we have done everything right

“T am asking Justice Adderley
to-enforce the order that he has
handed down in June,” Mr Col-
lie said.

according to the law. The court
case was scheduled to start in
August, but again, nothing has
happened. i :

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PAGE 6, MONDAY, FEBRUARY 2, 2009 THE TRIBUNE













ay

Award preséntation:











Se
WL





| THE GOVERNOR -







= GENERAL Arthur
B Hanna: pictured
= with award winner
2 Dorothy Hepburn-
ad King along with
Ss her son Clayton
= King.
=
f
3S
e
Ie a
THE GOVERNOR 3 5
GENERAL Arthur : 2 2
ene smnles with 2 =
orothy Hepburn- ‘i S
King. = =.
; = GERALD SAWYER, president of the Bahamas Red Cross Society, presents Deputy General Director Mrs. Dorothy Hepburn-King with
= an award for her outstanding dedication to the Red Cross. Lady Rowena Finlayson was also present on Saturday night at the Wynd-
re ham Crystal ball room. : ,





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Tribune
Staff

For the stories
behind the news,
read Insight
on Mondays

The CEH Course Begins March 2, 2009 | Evening Classes | 6 Weeks







The urgency of now —
need for a joint response
0 regional crisis.

= By SIR RONALD
‘SANDERS. -

(che writer is a business
corsultant and former
Caibbean diplomat)

[Le International

Monetary Fund
. (INF) says that this year the
wold economy will suffer its
wast performance in 60
‘years and the International
Libour Organisation esti-
nates that the global reces-
son will result in additional
memployment of 50 million
pople-if the situation con-
tnues to deteriorate.

In Jamaica, one of the

Caribbean’s larger
‘conomies, the Planning
nstitute of Jamaica projects
‘hat the economy will expe-
rience negative growth in the
fiscal year 2009/2010 and
unemployment levels will
tise to above 12 per cent.

In the Eastern Caribbean
Currency Union countries —
the countries of the Organi-

_ Sation of Eastern Caribbean
.States.— the IMF says that
growth is estimated to have

slowed by 21/2 percent in

2008 and will remain flat in
2009 “with risks tilted to the
downside.” erent hae

_ Everyone in the world —

including the Caribbean — .

knows for certain that busi-

nesses are closing or con-.
tracting, employees are.

being laid off, and economic
conditions are worsening.
On top of the already
grave situation, capital flows
to markets such as those in
the Caribbean are in danger

of collapsing.-The Institute :

for International Finance

forecasts that “net private -

sector capital flows to

emerging markets” this year’

will be less than half of last

year and only a fifth ofthe |

figure in 2007. Caribbean
countries have to calculate
that their share of that con-
tracting pie will be even
smaller since.the bulk of it
will continue to go to, Chi-
na, India, Brazil and other
larger developing countries.

,The prospects for the
Caribbean‘ could not be
bleaker, particularly with the

likelihood of:promises not»

being kept by developed
countries to deliver official
development assistance or
aid in their own strained cir-

‘cumstances. Mindful of this, '

a UN Commission of
Experts, at a meeting earlier

this month, called on devel- :

oped countries to “resist the

temptation to cut back on.

. development assistance.”
Recession

But, aid promises were
being abandoned even

before some industrialized ,

nations were officially

declared to be in recession.
It is unlikely that they will
increase aid spending when .

they are increasing their own
debt burden as part of their
\stimulus programmes, for
. their economies. 4
Given this troubling situ-
ation, the people of the
Caribbean would have every
right to expect their leaders
in the Caribbean Common
Market and’ Community
(CARICOM) to gather as
quickly as possible to con-
sider how best they might
together address the global
crisis and its wallop on their
economies. "57:

It is worrying therefore «.

that two meetings of CARI-
COM heads of government
scheduled for Barbados on
30 and 31 January have been
postponed to 12 and 13
March. One would have
thought that; in the present
situation, every hour counts.

It is not a time for days and

ie
EES
ie a



PHONE: 322-2157

convergence’ of
‘economies., And, signifi-





one in
the world —

“Every:

including the

Caribbean —
knows for

certain that
_ businesses are

closing or

contracting,

employees are
being laid off,
and economic
conditions are

“worsening.” |



weeks to pass without urgent’
regional attention to the
region’s fortunes. :

On -the eve of the post-
ponement of; the two meet-
ings, the CARICOM Secre-
tary-General, Edwin Car-
rington, underscored the
absolute necessity. for the
region’s small economies to
“come together to take deci-

‘sive and collective actions”

as.“the only way in which

they could effectively treat
.what seems set to be a long -

and deep global economic
downturn.”

Caribbean ministers,
attending a meeting of
CARICOM’s Council for
Finance and Planning on

. January 29.appeared to be
‘seized with the. urgency of

now. David Estwick, the
Barbados Minister of Eco-
nomic Affairs quite rightly
said that CARICOM ‘gov-
ernments had a duty. to their
citizens to move towards
their

cantly, he added that, “the

_ global crisis highlighted why

the regional integration
_ process must move for-
“ward.”

But, with the best. of

‘intentions; Finance and

Trade Ministers cannot give
the regional apparatus the

‘authority and strength of »

heads of. government. The
Caribbean has lost valuable
time by the failure of heads

of government to meet and
to decide together on‘a

course of action that would”
avoid destructive competi-
tion between their countries,

..and lay out a plan they could’
advance in cohesion.

Carrington made a telling
point to the CARICOM



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ministers of finance and
trade when he told them:
“While developed countries
generally have the capacity
to offer significant stimuli
packages to:their populace,

our governments are con-

strained by. the lack of fiscal
policy space due particularly
to high indebtedness and the

increasing incidence. of

declining revenue.”

To understand the full
implications of Carrington’s
observation, we need look
no further than the advice
given by the IMF to the gov-
ernments of the small island-
nations of the OECS on Jan-

uary 27. They were told that

they must implement value

added taxes, cut civil service.

wage bills, and.contain pub-
lic investment — the very
opposite of the stimulus
packages being implement-

ed in the US and the UK,..

for instance.

So, the IMF apparently |

feels that there can be one
set of rules for Peter and
another for Paul, particular-
ly if Paul is small.

Deficit

At the World Economic |

Conference in Davos,
Switzerland in the same
week that Caribbean heads
of government did not meet,
the Russians were. pointing
out that the result of the US
government running a US$1

- trillion deficit for years will

be that the free liquidity’in
the world will run into US
Treasury. bills and will not
be available to other parts
of the world. This includes
the Caribbean. -
These are all issues that
require the attention of the
Caribbean’s leaders working
together and with the bene-
fit of the best technical
advice that the region can

collectively muster — from.

the public sector, the private
sector, the tradé unions and
the universities.

'-There mayhave been

very good reasons why

Caribbean heads-of govern-
ment could not have mét.as

‘planned in the last week of
‘January. .

‘But since they will not
meet until mid-March, the
CARICOM Secretary-Gen-
eral should now be manwat-
ed to commission, for that

meeting, a report of experts.

to advise on how the region
can best cope with the glob-
al crisis in its collective inter-
est. By

of

Responses to:

ronaldsanders29@hotmail.com



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PAGE 8, MONDAY, FEBRUARY 2, 2009 THE TRIBUNE

Constance McDonald is

installed as Grand Bahama
Chapter of FIDA president

@ By DENISE MAYCOCK
Tribune Freeport

Tune - Banquet held under theme.
? dmaycock@tribunemedia.net ¢ e “ ° e
GntHost ime ‘LOVinNg, Caring and Sharing’




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PALMDALE AVENUE, NASSAU, BAHAMAS
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_ FUNERAL SERVICE FOR

PATCINA
GRAY, 70

was held at Bethel Baptist
Church Meeting Street on
Saturday January 31st
| 2009 at 11:00am. Burial
j was in the Church










She is survived by her daughters, Valderine Daxon,.
Olette McPhee, Theresa Lowe, Shandine Wallace,
Agatha Joyices and Rhoda Gray; sons, Henry,
Alexander, Patrick, Citrol, Dino and Joshua Gray;
grandsons, Falon Gray, Christopher, Justin and Jake
Gray, Kava, Kenrick, Keron and Khiry Daxon, Clitis
-Gray, Anthony and Anthonia Wright, Citrol Gray Jr.;
‘grand daughters, Cindy Gray, Alicia and Adrain
Wright; Angelic and Salina Lowe, Shaquino Wallace,
Duran Knowles, Kevaughn Collie, Lafrell Clarke; |
great grandchildren, Jordan and Christopher Gray,
Jafari Miller, McAnzi.White, Kevincka Daxon,
Donald Gray, Laina Fowler,.Daja Brown, Dena and
Dominice Gray, Kelly, Kelson Jr.; Prince, Glen and
Glendia Smith, Stephanika Daxon, ‘Tino, Alneka,
Theo and Alexander Gray, Alicia, Latoya, Mark and °
Johnathan Gray; aunt, Magaritta Ferguson, Patricia,
Shantell, Monique, Trevor, ‘Terrance and Tina
Ferguson, Constance, Nita,
and Sammie Evans; numerous friends, Audrey,
Shelly; brothers, Pastor Audley and Bernard Fowler,
A. Fowler, Deborah Finley, Mary Brown, Philip,
Timothy, Stephen, Mark, Rachael and Ava Fowler,
Mrs. Marina Lee, Noah Newton, Vantlock Fowler,
Elizabeth called Leitter; step children, Darika, Brian, .
CoJack and Merry; sons-in-law, Felix Daxon, Frankie
Lowe and Michael Wallace, daughters-in-law, Joan

Gray and Mickey McPhee.

Funeral arrangements made by Pinders Funeral

‘Palmdale Ave., Palmdale.

CREDIT Suisse a

officiating.


















Gaynell, Duster, Jefrey












the Grand Bahama Chapter

Women Lawyers.

The installation banquet
was held at the Grand
Bahama Yacht Club, under
the theme, ‘Loving, Caring,
and Sharing.’

Supreme Court Justice
Estelle Gray-Evans delivered
the keynote address, encour-
aging Freeport’s women
lawyers to be mentors to oth-
er young women.

Mr Evans said Bahamian
women have made significant
strides in law over the past 40
years in the Bahamas.

“Forty years ago, three of
the 93 lawyers in the country
were women — they were
Eileen Dupuch Carron, who
was called ‘to the Bar in 1962;
Ms Parkinson, who was
called in 1965; and Ruby
Nottage, who was called in
1969.

“Mrs Dupuch-Carron left
the profession and went into
newspaper publishing, and
both Ms Parkinson and Mrs
Nottage are now retired
judges.”

(In 1953 the late Mrs. Patri-
cia Cozzi, sister of Ms Betty
Cole of Nassau, was the first
Bahamian woman to be called
to the Bahamas Bar. After
practising law here for a‘num-
ber of years she moved.to
Dorchester, England with her
husband. She worked with the

Credit Suisse, Nassau Branch
Private Banking

is presently considering applications for a

_ Senior Securities Executor



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

¢

* University Degree or equivalent

Inland Revenue and died in

much over the years.

She said the first and only
female chief justice was
appointed in 1996, and the
first and only female member,

_ who is-President.of the Court

of Appeal, was appointed in
2001.

She also pointed out that
currently, 50 per cent of the
10 judges in the Supreme
Court are women.

Mrs Evans further stated

that 71 per cent of the sitting
Circuit Magistrates are
women, two of whom are
serving as deputies to the
Chief Magistrate.

She also added that 52 per
cent of the 51 lawyers called
to the Bar last year were
women. :

Despite the significant
strides made by women

_lawyers in the Bahamas, Mrs

Evans said women lawyers
should not be content.

“There has never been a
female president of the Bar
Association, nor to my knowl-
edge has there been or is a
female chief counsel. That
simply means that there is still
work to be done,” she said.

Mrs Evans urged women
lawyers to become mentors
to other young women, even
those who have no interest in
pursuing a career in law.

She noted that there is

‘need for more -volunteers at

GRACE House, a facility that
caters to pregnant teens in
Freeport.

“T can tell you that persons
of all age need to make a
donation of some kind and we
have difficulty finding volun-
teers to simply help the girls.

“All young women need

Mihi,

LUE

t



guidance and nowadays moth-

also. encourage the continu-

. ing education and.develop-

ment of women lawyers to
‘develop expertise in various
areas of law.

“I applaud your efforts in
providing scholarships to
deserving college bound stu-
dents.

“I know that you have giv-
en three scholarships and I

urge you to continue this.

noble gesture,” she said.
FIDA was formed. in 1944
in Mexico. The organization









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Y 7, 2009

has grown with membersin

Ce metery. Pastor of FIDA (Federacion Inter- Dorchester in April 2006). . ers are getting younger and _ over 72 countries in the word.
Timothy Stewart and nacional de Abogadas), also Mrs Evans noted that younger.” The objectives are to promoe
other. ministers known as the Federation of | women lawyers have achieved Mrs Evans said FIDA must __ the principles and aims of tke

United Nations in their legal
and social aspects; to enhance
and promote the welfare of
women and children; and to
promote the study of com-
parative law.

The new incoming board

‘of officers Constance McDon-

ald, president; Cassietta
McIntosh, vice president;
Lena Hield, Secretary, Karla
McIntosh, assistant secretary,
Karin Sanchez, treasurer; and
Hadassah Swain, assistant sec-
retary. :








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SALA HNN OA



THE TRIBUNE

MONDAY, FEBRUARY 2, 2009, PAGE 9





Sweetwood bark stands between

Rum Cay and total unemployment.

SWEETWOOD bark used for
making Campari is now all that
stands between the remote island
of Rum Cay and a L00 per cent
unemployment rate.

Since the island’s two marinas
closed several months ago, its
menfolk have set off into the bush
every day to find the small cas-
carilla trees that help flavour one
of the world’s most popular
drinks.

At $5 per pound, sweetwood
bark is now the foundation of
Rum Cay’s economy, the only
income that stands between its
population of 79 and what most
people would regard as abject
penury.

Yet as far as bar owner Delores
Wilson is concerned, her island
home is one of those lucky places
where the word “recession” has
little meaning. '

Conch

“We can never starve here,”
she told The Tribune yesterday,
“We have crabs, we have conch,
we have whelks, we have snap-
per.

“Recession doesn’t hit us like it
hits people in Nassau. We always
have something to.eat — and the
sun shines every day.”

And with seven wells to serve
the main settlement, the people of
Rum Cay are‘never without cold,
fresh water.

Ms Wilson, 77, runs Kaye's
Bar, the island’s main mecting
place. She admits that the marina
closures killed off the yacht trade,
but she doesn’t sound like a

woman at the centre of a global.

financial meltdown.

“Some young people have left
to go back to Nassau since the
marinas closed, but the island life
is still the best life. We don’t even
have a nurse or doctor here —
thankfully, we live a healthy life.”

Cascarilla bark, which grows
all over the southern Bahamas,
has always been the secret of
Campari’s success. »

Acklins island has for years
regarded it as its prime export.

But only recently has Rum Cay
been forced to regard the bark as
its economic salvation.

At 21 miles by seven in size,
the island matches New Provi-
dence in acreage, yet accommo-
dates fewer than 80 people. Most
of its bush is in remote areas, and
it is here that Rum Cay’s men
now find the special trees that
provide the unusual Campari
flavour.

“They go off every day to cut
the bark,” Ms Wilson said, “now
they have to go five or six miles
from the settlement to get to trees
that haven't been stripped. ’

“It’s all they have for an
income, as the bark is sold on to
an agent, then gocs on to the
makers of Campati.”

Rum Cay’s biggest problem as

the yacht trade falls away is that
electricily prices are rising dra-
matically.

Ms Wilson said BEC prices are-

now causing hardship for many
islanders, especially as'they are
now allegedly forbidden to use
generators.

“IT am lucky because I have a
bar and restaurant, but most peo-
ple here don’t have jobs and can’t
afford these prices.

“Many houses here now have
air-conditioners, so we have tried
to improve conditions, but it has
become very expensive.”

Work

When the Montana develop-
ment company was running the
marinas, yachts from North
America packed Rum Cay’s har-
bour, at this time of the year,
offering work to most men and
women on the island.

But yesterday only one yacht
was moored there, and that is
owned by a couple who sailed in
specially for Ms Wilson’s birth-
day a few days ago.

“There is talk of 40 homes
being built here for foreign vaca-
tioners, so we’re hoping that will
happen,” said Ms Wilson.

“If we can create employment,
there’s no doubt that many
younger people who were origi-
nally from Rum Cay will return to
the island’ from Nassau.”

MONEY GROWS ON THIS TREE!

LET’S plant two “money trees”

and watch their growth. We'll plant (\\
CARMEN MASSONI

the first by placing $20,000 in a sav-







ings account earning 5 per cent
interest, and leave it there for five
years. After five years, we'll with-
draw our initial investment
($20,000) plus the interest ($5,525). |
We invested $20,000 and received
back $25,525, a 5 per cent yield.
Now, let’s plant the second tree.
We'll buy a home for $100,000 and
invest $20,000 (as the. down pay-
ment). For the sake of argument,
we'll assume that the home appre-
ciates at 5 per cent each year, just as
the savings account earned 5 per
cent interest. At the end of five —,
years, the home will be worth about $128,335, a
$28,335 gain (that’s at an annual rate of 5 per cent).
_ We invested the same $20,000, and received back
our $20,000 investment plus another $28,335.(the
increase in value) for a total of $48,335. The rate of

return is a sizable 19.3 per cent! By pur-
chasing the home, we were able to earn 5
per cent appreciation on the entire $100,000,
whereas on the savings account we earned 5
per cent only on the $20,000 investment.
Incidentally, if we had invested only
. $10,000 in the same. $100,000 home ($10,000
down payment — $90,000 loan), we would have
received the same $48,335 in‘return for only a
$10,000: investment —— a whopping 37.04 per cent
return! Now yoi can see the obVious benefits of
home ownership! PPT oA Ws

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Meanwhile, cascarilla bark is
Rum Cay’s answer to these reces-
sionary times.

.The islanders are hoping
against hope that Campari will
remain a favourite tipple among
those who still have money to
spend on drink.

“We’re depending on it,” said
Ms Wilson. ;

Campari, first developed in
1860 by Gaspare Campari, is an
Italian aperitif which gets its dis-
tinctive flavour from cascarilla,
which grows almost exclusively
in the Bahamas.

It is made by steeping a mix-
ture of herbs in alcoholic spirit
and was first developed — along
with other bitters — as a health
tonic.

In fact, cascarilla, also known
as sweetwood, is still used by.
islanders to banish flu and other
ailments.

Having opened its first pro-
duction plant in, 1904, Campari
now distributes its products to
L90 countries.

. Over the years it has featured
in many works of fiction, includ-
ing the James Bond novels.

The writer Ernest Hemingway
and Hollywood actor William
Holden were both Campari fans.

e The Encarta dictionary says
the aromatic bark of the cascarilla
tree is known as sweetwood, which
is also used in making quinine,
incense, stomach medicine and as
a flavouring for tobacco.

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PAGE 10, MONDAY, FEBRUARY 2, 2009

THE TRIBe.. ...





FROM page one

government would have a

greater impact on the construc-
tion sector, the third largest
industry in our economy. So

AUSTRIAN CRYSTAL

Stimulus

even though you might have
activity going on, maintaining
or increasing jobs in construc-

tion, it would hardly have any
impact in absorbing the unem-
ployment in the tourist sector
which is really the largest and
much more immediate,” Mr
Smith said.

“Similarly I think the small

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job programmes they are prop-
erly mopping up the unem-
ployed, but it would be people
who are chronically unem-
ployed, not the recent layoffs
from the tourist sector. So I
think we might have to take a
closer look at what kinds of pro-
grammes we put in place to

absorb the unemployment from’

the tourism sector because I
think that is where we are being
hardest hit,” he said.

His comments came in
response to statements made by
Prime Minister Hubert Ingra-
ham during his national address
last week.

During the 50 minute speech

Mr Ingraham conceded that
2009 is likely to be a difficult
year, but said the government’s
stimulus package would help to
soften.any harsh impact with-
out endangering the country’s
economic welfare.

Some 267 persons and 116

small contractors were hired
during an Environmental
Health clean-up programme
launched in December. Gov-
ernment also intends to accel-
erate a number of infrastructure
projects that will stimulate job
creation.

Last year, almost 1,500 people
were fired from the tourism sec-
tor — 800 from Atlantis, the
country’s largest private sector
employer; around 150 from its
Harbour Side Resort; 21 work-

Proposed
unemployment
assistance ‘may
he held up by

legal framework’
FROM page one

prises 1.1 per cent of all con-
tributions made.

But many observers have
questioned why the pro-
gramme has yet to be started
considering rising unem-
ployment figures. Mr Smith
believes government may
have its hands full trying to
iron out all the kinks
involved in the proposal.

“T think that was more of
an intent, but those things
are much more complex. I
think some of that has to do
with the legal framework,
the unemployment (scheme)
would have to deal with peo-
ple who would have been
employed before and had
contributed to National
Insurance. So identification
would be very difficult and I
think the people (it will be
geared towards) would have
been unemployed for the
last few months rather than
the last several years,” he
said.

“So trying to determine a
target group would be a
challenge, so I’m not sur-
prised that those things are

not happening as quickly as |

others might expect,” said
“ir Smith..

The plan was foreshad- .
owed by Prime Minister
Hubert Ingraham in Novem-
ber amid concerns of grow-
ing layoffs spawned from the
American: financial crisis
which took a toll on the local
tourism industry. °

Earlier this month, Min-
ister of Labour Dion
Foulkes said the proposed
assistance programme is cur-
rently being formulated by
the National Insurance
Board. However there has

ers from Comfort Suites, to .

name. a few. This month more
than 100 people were let go
from the Our Lucaya Resort in
Freeport.

Minister of Labour Dion
Foulkes has said government
hopes some 3,000 jobs will be
created from the stimulus.

Mr Smith expects that even
when the ailing economy starts

to turn around, the displaced’

tourism workers will find it
harder to be re-employed.

“T think unemployment will
just go up. It will be very difficult
for some of the people to get
back into the mainstream of the
economy because when it bot-
toms out I think rebound will

- not be as dramatic, it will be a

slow growth,” he said.

Although Mr Ingraham’ s
speech differed little from his
last address to the nation in
November, Mr Smith said news
that the country’s foreign direct
investments (FDI) ended on a
higher note at the end of last
September compared to the
same period a year earlier sur-
prised him.

He said considering the cur-
rent economic climate, which
has roots as far back as mid-
2008, he expected a softer analy-
sis of the country’s FDI.

His comments came in

response to statements made by
. Prime Minister Hubert Ingra-

ham during his. first national

address for the year.

“JT didn't hear anything that
was essentially different from
what he (Mr Ingraham) told the
public late last year (but) I was a
little surprised to hear that for-
eign direct investment by the
end of the year was higher than
it was at the end of (previous)
year — that's astounding,” he
said during a recent interview.

"I guess that surprised every-
body because the anecdotal evi-
dence was that many FDI pro-
jects were slowing down, coming
to a halt or had been cancelled,
so that was quite surprising to
hear,” said Mr Smith. He said
he could not speculate on the
reasons for.the increase as he

_ had not seen the relevant data.

“T would have thought that it
would have moderated but.I
guess we have to take what we
can, any good news,” he said.

During an address lasting
about 50 minutes Thursday
night thé prime minister said
FDI through the end of Sep-
tember, 2008 increased $83.3
million or 7.3 per cent compared
to the same period a year
before, adding that this firmness
in investment inflow appears to
be continuing.

Because of this, the country’s
foreign reserves recorded an
increase of $108.8 million at the
end of 2008 compared to a
decrease of $45.6 million at the
end of the previous year.

Police ‘shoot-out’
with ex-offic er

“FROM page one

Residents of the area speculated that as the iS police chased the car,
the driver tried to turn into Sears Road, failed to make the turn, and

crashed into the pole.

Last night, Sergeant Lawrence Stubbs from the Traffic Division
confirmed that a wrecked car was involved in a police chase, but could
not confirm if this crash had anything to do with the shoot-out fur-

ther down Shirley Street.

However, a motorist driving down-Sweetings Lane shortly after the
crash at Sears Road, said he saw police cars, police vans, a SUV, all
with sirens blaring at the scene. He heard three shots, but did not
know who fired them. A police car then rushed past him, turned into
Moss Lane, then east on Dowdeswell Street, pursuing a man who it
is believed had run from the wrecked car and into an overgrown
vacant lot, not too far from St Matthew’s church rectory.

Another resident of Sears road was in his kitchen when he heard
a terrible crash. He looked out of the window and saw the electrical
poles and: wires on Sears Road swaying. One pole had caught fire.
The area was without electricity until about 6.20 last night when BEC

repaired the damaged pole.

The stolen Nissan had struck the anchor wire attached to the elec-
trical pole at the corner of Sears Road and Shirley Street. The car’s
left front tyre was on the ground, the right front tyre had mounted the
anchor wire and the. pole. The disc on the car said the car was
owned by Beneby Rental Enterprises. A Sears Road resident heard
someone, who she believed was the car’s owner, compliment the

police on a job well done.

Another resident said that a policeman told him that the driver of
the car was arrested and that drugs were discovered in the vehicle.

“The older folk in the area ran outside to see what the commotion
was,” said a resident on hearing the gunshots. “A lot of them were
concerned because this sort of stuff does not happen in this area.
Many of them sit on their porches in the mornings so stray bullets are
not something they should have to be thinking about first thing

Sunday morning.’

An officer from a downtown police station confirmed that an
armed man was arrested. According.to reports the weapon was not

recovered.

However, at the time of going to press the police reports were not
in and the information had to come from the residents of the area and
motorists on their way to church who were eenent in the traffic

jam.

The Bahamas Electricity Corporation

Invites Tenders

for the services described below.

Cable Bahamas Ltd's strategy is to hire xserienced staff to work in-house, side
by side with local work force to ensure the transfer of knowledge during the
design, construction and implementation of a world-class telecom facility.

been no definitive launch
date for the highly antici-
pated:plan.

Mr Smith said he had “no
idea” when government will
implement the proposed
scheme, adding “I think they
are probably finding it much
more complex than merely

| turning off a tap and turn-
ing it on again.”

Bidders are required to collect packages from the
Corporation's Administration Office,
Blue Hill & Tucker Roads
Contact: Mrs. Delmeta Seymour at telephone 302-1158

Resumes should be sent electronically to rbadderley@cablebahamas.com -
by February 6, 2009.

Tenders are to be addressed to:
Mr. Kevin Basden
General Manager >
Bahamas Electricity Corporation
Executive Offices — Blue Hill & Tucker Roads
Nassau, Bahamas

CABLE BAHAMAS
www. cablebahamas.com



Deadline for delivery to BEC:
on or before 9th February, 2009 no later than 400 p.m.

Submissions should be marked as follows:

Harbour Baza \ : = ae

Eun ss

Tender No. 685/09
Fire Alarm and Detection System Installation.
Big Pond Complex, Nassau, Bahamas

Tender No. 686/09
Fire Alarm and Detection System Installation
The Stores — Rock Sound Power Station,
Eleuthera, Bahamas

&

: Tender No. 687/09
Firewater Diesel Engine & Pump Relocation

ie. Marsh Harbour Power Station, Abaco, Bahamas
“a .

Paawkle ge «a nae
oe Oo ati TP ae et ee es

The Corporation reserves the right to accept or reject any or all
proposals. For all inquiries regarding the tenders & site visits,
contact Mr. Brent Williamson at
telephone 302-1510 or 302-1509.

Pee €][>E et et Ihe
Pk aa se.





THE TRIBUNE

MONDAY, FEBRUARY 2, 2009, PAGE 11



FROM page one

a formal statement to investiga-
tors on matters relating to her hus-
band’s death. ~

“We were all shocked to learn
of the death of Moses who was
just beginning to ignite a creative
spark in the world of dancehall
gospel. Moses’ contribution in
both the secular and gospel music
industry was invaluable,” said
Marlin Awards President Kevin
Harris. “Though many may con-

Execution style shooting

FROM page one

‘Moses’

sider his timein the music ministry
short, I believe that beyond his

- death and through his lyrics and

music, he will continue to touch
lives with the gospel of Christ.”
“On behalf of the Executive
Board and Committee of the Mar-
lin Awards as well as all of our
nominees, speakers and presen-
ters, I would like to officially offer

_our condolences to the family of

more than 17 pounds of marijuana. The drugs have a local street val-

ue of more than $17,000.

ASP Evans.said the drugs were discovered when DEU officers
executed a search warrant at a home off Balliou Hill Road south

around 8.45am Friday.

Inside the home, officers found a red travel bag containing nine
packages of marijuana wrapped in plastic. Three men from that
home, ages 33, 32 and 30-years-old, were arrested.

They are expected to appear in court as early as today.

In other crime news, police confiscated a firearm found by a

concerned citizen in western New Providence. .
The find occurred around 6 pm Friday when the resident report-
ed to police the discovery of a pair of trousers with a weapon in it

that was found in a yard.

The items were handed over to the police who found a.45 hand- ,

gun with nine live rounds of ammunition inside the trousers.
Police also reported that a man was shot in the leg after being
held up at gunpoint and robbed in the Carmichael Road area,

opposite Beverley’s Kitchen.

His condition was unknown up to press time,

Man stabbed during argument

FROM page one

“An altercation took place and
Mr Dames was stabbed multiple
times about the body and had to
be airlifted to New Providence,”
Mr Evans said.

Assistant Superintendent of
Police for North Andros Craig
Gaitor said because.of the seri-
ousness of Dames’ injuries, they
could not gather much informa-
tion before he was airlifted out.

“We were not able to get much
out of him, but as soon as he is

released we will have him for-

mally interviewed and have the
matter fully investigated,” Mr
Gaitor said. -

According to reports on the
island, Dames was stabbed twice
‘in the back and three times in the
chest causing one of his lungs to
collapse.

One resident said this sort of
Tivalry has been going on for
years.

“The school children are fight- .
ing one way and'adilts are fight-:'
ing-the other way., There hasbeen >;

Lisefegor Ty



fighting amongst settlements from
I was going to school and that
was many years ago. It would be
like Nicholl’s Town against Mas-
tic Point, but Lowe: Sound and
Mastic Point were always the ‘big-

- gity’ ones and the children are

growing up with the same men-

tality,” the resident said.

But Andros police said this is.
an isolated case and not the norm.

“Andros is really known for its
tranquility. We don’t really have
those kinds of problems..I guess
this is just something that hap-
pened. We don’t know what pre-
cipitated it but the matter is still

under investigated,” Mr Gaitor’

said.

:. The police department in

North A’ndros will be doing a
number of walkabouts through
various settlements starting in

Lowe Sound, he added.

“We. do have a very vibrant
neighbourhood police unit in
North Andros and we will con-
tinue with our walkabout begin-
ning on Wednesday,” Mr Gaitor
SAldsict ate wy ices adorn



!



the late Kasim ‘Moses’ Grant”.
Moses was nominated for three
Marlin Awards last year, including
Culture Recording of the Year
-for “Feels It Knows It”, Deejay
Vocal Performance of the Year-
Solo for “Thunder Roll” and for
Pop/Rock Recording of the Year
for “I Ain’t Scared (with Jai).
Winners will be announced dur-
ing this year’s Marlin Awards,
which will be the final event dur-
ing Marlin Weekend 2009, sched-
uled to be held March 26-29 in
Nassau under the banner “Gospel
in Paradise”. This event is expect-
ed to attract hundreds of record-
ing artists, songwriters, produc-
ers, managers, retailers, radio
announcers and music fans from

throughout the Caribbean as well _

as from the United States, Africa,
Canada and Europe.




















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| FROM page one

on Friday. *

Friends of Mr Campbell told -

The Tribune he was the devot-
ed father of a five-year-old girl
and ten-year-old boy.

. He had recently separated

from his.wife and shared cus-
tody of the children.

A friend of Mr Campbell’s
who has known him since they

: sang in the Gospel Mass Choir .

together around 15 years ago
said: “He was a good friend of
mine and a good guy to be
around. |
- “He was always cracking
jokes. I never saw him down.

He would always want to uplift .

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Two ‘suicides’ in the space of 24 hours

you even if he was having a
bad day.

“He didn’t burden people .

with his troubles, he would
always say everything’s good
but he was obviously going
through something.
“He was.a good family man
and he took great care of his
kids. He would see them every
day. a
“All of this friends are in
shock. It’s so shocking that he
would do something like that.”
The deaths follow that of a
45-year-old father of three
who was found by his wife
hanging by a cord in the liv-
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day.

Pastor of New Covenant
Baptist Church Bishop Simeon
Hall said the recent spate of
suicides bespeaks a spirit of
despair and the absence of
concrete hope.’ . — :

He added: “In the absence
of hope some persons sink to a
level of morbid despair of
hopelessness.

“Rage turn outward leads
to murder. Rage inward turns

. to suicide.

“People need to anchor
themselves in concrete and
spiritual things and not the
transitory ones.”

CAN Xs ene |

ril 14 - June 11, 2009





PAGE 12, MONDAY, FEBRUARY 2, 2009

SPORTS

TRIBUNE SPORTS







ALICE HEINEL, the female run winner, receives her awards from BAAA's
president Curt Hollingworth (left) and patron Frank. ‘Pancho’ Rahming
(right) at the BSC's’2009 Frank ‘Pancho’ Rahming Family Fun Run/Walk

Road Race.on Saturday at the Charles W. Saunders High School, Jean

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JASON Williams and Alice
Heinel didn’t have any competi-
‘tion as they easily ran away from

their opponents to win the run
segment of the Baptist Sports
Council’s 2009 Frank ‘Pancho’
Rahming Family Fun Run/Walk
Race.

The same could be said about
Philip Moss and Jonique Webb
as they did the same in the walk
segment of Saturday morning’s
chilly event that started and fin-
ished in front of the Charles W.
‘Saunders High School, Jean
Street. Williams, the defending
men’s champion, said he felt the
cold and.the wind when he went
out. But he was determined not to
let any of those elements slow
him down. “It was a good run,”
he said. “We do it every year,
same place, same time. But I want
to encourage more young people
to become more active in some
type of sport instead of staying
indoors. This is one of them.”

Heinel, making her debut in

” the race, but has slowly been

building a name for herself on
the local road distance scene, said
it was good, but a bit too cold.

“It was a pretty good race,”
said Heinel, a 12-year-old grade
seven student of St. Andrew’s
High School, who compete for
the Striders Track Club.

Her coach Stephen Murray
said Heinel\will definitely be a
name for the Bahamas to become
familiar with as time goes on.

“She’s coming along very
good,” he pointed out. “We're

going to. the NACAC Cross

rye a





School, Jean Street are as follows:
WALK
MALE

30-39 - Kaylyn Cooper, Annex.





Bodie Young, St. John’s.

FEMALE



Gates; Grenia Stuart, Golden Gates.




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30-39 - Tia-Hinzey, Golden Gates:
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Results of the Baptist Sports Council's 2009 Frank ‘Pancho’ Rahming Fam- ©
ily Fun Run/Walk Race held on Saturday at the Charles W. Saunders High

15-And-Under - John Webb, Golden Gates.
19-And-Under - Krisoff Minus, Golden Gates,

\ 40-49 - Zammie Williams; Davy Strachan.
50-And-Over - Philip Moss; Leslie Miller, East Street Gospel Chapel Ellis

Pastors/Ministers - Rev. Charles Johnson, New Dimension; Rev. Derek
Munroe, New Bethlehem; Rev. Dr. David Johnson, Macedonia.

15-And-Under - Ashanti Pratt, Golden Gates; Vernita Knight, Golden
19-And-Under - Jonique Webb, Golden Gates; Ariel Webb, Golden Gates;
20-29 - Candice Webb, Golden Gates:

50-And-Over - Anita Hinzey, Golden Gates: Berdie Stubbs, Macedonia; Olive -

Pastors/Ministers - Minister Joann Webb, Golden Gates; Minister Jessie

15-And-Over - Orville Mott, Macedonia; Jay Darling.

19-And-Under - Levardo Bain, Macedonia; Ashland Murray.

20-29 - Jason Williams; Sidney Collie; Valentino Thomas. ..

30-39 - Nekeno Demeritte, Bahamas Christian Fellowship, Derek Ferguson,

40-49 - Ashland Murray Sr; Randy Thurston, Evangelistic; Durell. Shearer,
50-And-Over - Raymond Rudon, Praise the Lord; Bernard Hanna, St.
‘Cecilia’s Catholic; Gary Brathwaite, Evangelistic Temple.

40-49 - Kimley Saunders, Salem Union: Margo Strachan.
50-And-Over - Rosita Christie, St. Paul's.

E

JASON WILLIAMS, the male run winner, receives his
awards from Minister Derek Munroe (left) and BAAA's
president Curt Hollingworth (right) at the BSC's 2009
Frank 'Pancho' Rahming Family Fun Run/Walk Road
Race on Saturday at the Charles W. Saunders High

School, Jean Street.

Country i in March, but I’m so sor-
ry that she is so young that she

- won’t be able to go. |

“But hopefully.as she continue

to develop, we can eventually

develop our own world class dis-

‘ tance runner right here in the:

Bahamas.”

‘Murray, who normally assist
the BSC with the operation of
the race, decided to run this year
and he Yelt a little’ cramp in his
calf from the cold. “I. know we
would have had a lot more peo-
ple, but we have the National
High School Relays today, so a
lot of them have been preparing
for that,” Murray reflected.

“But I think if each Church can
send at least 10, that would be a
lot of people < and if they can send
50 from each Church that would

' be a crowd. I just want to encour-

age them to become
more involved in the




























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road racing and the distance run-'

ning because it prepares you for
the track.” ,
Raymond Rudon, who finished
eighth overall and captured the
men’s 50-and-over first place fin-
ish, said he always look forward
to competing in the race because
it’s the first for the year and it
gets him motivated being around
a lot of the Church people.
Coming. off the Miami
Marathon last'week, Philip Moss
said he wasn’t' quite loose as he
would have liked to be, but he
went out and did what he had to
do.
“When I do another marathon,
I think I’m going to train to run
because it’s too much stress on
my hip until I get it check out,”

said Moss, who has dominated —

the walk segment of the race. °
Addressing the competitors as
they waited for the results to be
release and the trophies present-
ed, Bahamas Association of Ath-
letic Associations’ president Curt

Hollingsworth said this was a °

good opportunity for everybody
to come together in athletics.
And he assured the enthusias-












ei

















Se OP Pures u malas een ty aed, TUE our oo had rary

JONIQUE WEBB, the female walk winner, receives her
awards from Minister Derek Munroe (left) and BAAA's
president Curt Hollingworth (right) at the-BSC's 2009
Frank ‘Pancho’ Rahming Family Fun Run/Walk Road
Race on Saturday at the Charles W. Saunders High
School,.Jean Street.



tic crowd that the BAAA intend
to look at providing more road
racing events in the future for the
distance runners to compete in.
He congratulated Rahming, his
technical director in the BAAA,
for being honored by the BSC,
with whom he has worked to
develop the race from its incep-
tion in 2000 and also served as a’
commissioner in softball. . .
Also on hand was Minister
Derek Munroe, the Youth Direc-
tor for the Bahamas National’
Baptist Missionary and Educa-
tional Convention, who congrat-
ulated the BSC in honoring Rah-
ming for his contribution‘to. the
development of not only the BSC,
but track and field in general.
The meet was sponsored joint-
ly by Leisure Travel.and Tours,

‘Sports Haven, Gatorade, Vita-

malt, Pure Crystal. The BSC also
expressed its thanks to the
Bahamas Association of Certi-
fied Officials (BACO) for offici-
ating at the event again and the
Police, inclusive of Speed Cop
Rahming and Patrol Car officers
Hudson and Bain, for their
excort. .



50-and-over run
winner, receives .
his award from
BAAA’s president
Curt Hollingsworth
and Minister Derek
Munroe (left) and
patron Frank ‘Pan-
cho’ Rahming
(right).
























MINISTERS Jessie Hinzey and
Joann Webb (centre), receives
the awards from Minister Derek’
Munroe (left) and BAAA's presi-
dent Curt Hollingworth (right), for
winning the Church divisional title

. at the BSC's 2009 Frank ‘Pancho’

Rahming Family Fun Run/Walk
Road Race on Saturday at the

‘Charles W. Saunders High

School, Jean Street.



LENARDO BAIN, the 19-and-under
male divisional winner, receives
her awards from BAAA's president
Curt Hollingworth (left) and patron
Frank ‘Pancho’ Rahming (right) at
the BSC's 2009 Frank ‘Pancho’
Rahming Family Fun Run/Walk

*Road Race.on Saturday at the

Charles W. Saunders High School,
Jean Street.



PHILIP MOSS, the male walk
winner, receives his awards from
Minister Derek Munroe (left) and
BAAA's president Curt Holling- ~
worth (right) at the BSC's 2009
Frank 'Pancho' Rahming Family
Fun Run/Walk Road Race on Sat-
urday at the Charles W. Saunders
High School, Jean Street.



TRIBUNE SPORTS MONDAY, FEBRUARY 2, 2009, PAGE 13

re , SPORTS

v

Ow

Pros capture
championship

FROM page 15

Trailing 12-8 at the half, the
Pros came out in the third quarter
looking to open up the passing
game. :
Foster completed his first pass -

of the afternoon to Alex Rolle
and made a conscious effort to
work the ball to Jamaal Scavella.

The Pros regained the lead on
a quarterback sneak by Foster.

Edwards converted another
two points as. the Pros regained
the lead, 16-12. .

The Jets offence began to
unravel with three consecutive
bad snaps ultimately. killing the
drive.

Another bad snap in the punt-
ing game produced a fumble and
the Pros recovered in the end
zone for a safety to go ahead 18-
12. The Pros lone big play in the
passing game came on their next
possession when Foster hit tight
end Philip Moxey Jr. on a fade
yard post route, which Moxey
turned into a 40 yard touchdown
pass. The Pros failed to convert
but held a commanding 24-12
lead with just over 2 minutes
remaining in the third quarter.

Foster, who finished with two
touchdowns and won his 14th
league title as the Pros’ starting
quarterback said the Jets’ pre
game trash talk proved to be.
fruitless at the end of the day.

“You don’t talk this game, all
week long they talked, talked,
talked but to be the man you :
have to beat the man,” he said. i yy : THE PROS Number 5

Edwards who was named the : tries to gain yardage.
game’s Offensive MVP and _. : ‘

League MVP said his team was
not dissuaded by the loss to the
Jets earlier in the season.

“The loss to them earlier in the
season, it was not really bothering
us or affecting us coming into
today because we know we did
not really have our ‘A’ game and
we know they played as well as
they could possibly play,” he said,
“We knew if that was their best

| then we would not have a prob-
lem today.” aa

Hamilton, the Pros’ defensive
captain echoed his. team-mates
sentiments credited his team’s
ability to adjust to-the Jets offence
for the stifling defensive play in
the second half. :

“These guys are not on our lev-
~~ th, they said what they had to say,
but the game is not decided there,
we came out on the field and
destroyed them,” he said, “We
dropped our two safeties deep
and we tried to get as much pres-
sure as.we could on the quarter-
back, and in the second half they
just were not getting the looks
they were getting in the first half.
It was just a matter of us adjust-
ing, Valdez got a lot of his yards
early because his guard was
pulling and creating lanes but our
linebackers came out in the sec-
. ond half looking for that and we

were able to shut that down.”

Pros Assistant Coach Dwayne
Williamson said the game was
truly a tale of two halves.

“In the second half basically all
we did was hunker down defen-











\

BASKETBALL
BSA CHAMPIONSHIPS

THE Bahamas Scholastic Association will open its best-of-
three basketball championships today at the Kendal Isaacs
Gymnasium in all three divisions.

Ray Evans, who coached the Galilee Miracles to both the

‘junior and senior boys titles last year, will be heading the
Teleos Cheribums as they try to win an unprecedented three
titles this year. Teleos won all three pennants this year.

At 4 pm, Teleos will take on Zion in the junior boys final,
followed by Teleos against Mt. Carmel Cavaliers and then it
was Teleos vs Galilee in the senior boys nightcap.

While Galilee willbe out to defend their two boys titles}; Mt.
Carmel will be trying to win their third straight senior girls
crown.



We Re-Bath
eA Erle ee
In Just One Day!

Felipé Major/Tribune staff

a and out-of-date wall tiles...

No Mess. No Stress.
. “....we shot ‘@ --No Inconvenience.

aS | ourselves in SEE
the foot.” _ RE*BATH BAHAMAS

(Manufacturer's Lifetime Warranty).
Jets Head Coach

ts He Telephone
Obie Roberts (242) 393-8501 “Authorized Dealer

SCOTS TR AO Teme CU PE TR URN CORO Tie TM IML ecIa=t\ SlUcr
Open Monday - Friday - 9:00 a.m. - 5:00 p.m.
















THE JETS are thwarted'aga

in'by
the Pros... sayeeaaes



Felipé Major/Tribune staff












sively. In the first half we allowed . fA
them to get into a rhythm with casos oi ay .
their quarterback and in their Her™’DQY ~ CXKK 0 Cg).
running game, but we made some ja—z . < s As
adjustments with our defensive oe Oe say — ‘



BC ae

end and our linebackers to get
them out.of their rhythm,” he

. said. Williamson credited Defen-
sive MVP Arthur Thompson Jr.
for being the catalyst to the Pros’
defensive turnaround.

“It really all started with our
nose tackle, he destroyed their
center.and they were really hav-

‘ing problems coming from that.
The Jets offensive game, we know
they can not move the ball down-
field, they rely on big plays. We
knew if we limited their big plays
then you would have no problem.

‘ All we had to do was play disci-
plined,” he said, “We have a mot-
to. with our team, when you say
championship, we say Pros. You
do not win championships by
talking; you win championships
by doing it on the field.”

Jets Head Coach Obie Roberts
said his team’s loss was due in
large part to a series of missed
opportunities.

“We had a lot of opportunities’
to take advantage of, we shot our-
selves in the foot. In the second
half they overpowered our
defence,” he said, “They con-
trolled the pace of the game in
the second half, they ran the ball
they were methodical and they :
were able to get into the end
zone.” y

Roberts noted that the specia
teams woes undid his team but
congratulated their opponents on
another championship win.

“Special teams was our real
downfall today, we gave up a
touchdown and another score on
a safety and they proved to be
_ the deciding factors in the game,”
he said, “Hats off to the Pros, the
Jets right now have to regroup.

Major/Tribune staff

ipé

He
Ege:

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EJ

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PAGE 14, MONDAY, FEBRUARY 2, 2009

TRIBUNE SPORTS







ress Release



BD Semas canines
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Three boats won bragging rights in Leg 2 of Lightboume Marine's Annual Wahoo Chalenge on Saturday
January 24th.




Anglers left Hurricane Hole on Paradise Island at six am and took off for an exciting day of intense high
speed trolling from Abaco and Andros to the Berrys, Eleuthera and the Exuma Sound for the coveted game
fish. Faced with a stiff breeze but gorgeous sunny weather the crews gave it everything they had up to
weigh-in time at 4:00 P.M., when one by one they pulled in to Hurricane Hole to tally up their four heaviest
Wahoo.






Rachel Lightbourne, tournament organizer & IGFA rep for Nassau, said “I’m blown away by the level of sup-
port from the local sports fishing community- they really came out in force....that’s what makes it sucha
blast for everybody.”






Chris Lloyd of BASRA and Rachel presented the winners with striking hand-crafted trophies later that eve-
ning at the Green Parrot Bar & Grill on East Bay St. Team “White Rat” took first place, fished by owners
Scott & Candy Kelly with Jeff Waugh, Travis Kelly, Judson Thompson and Gary Sands, followed by “Deep
Drop” in second with George Glynatsis, T. Cathopoulis, Steve Hoffer, Nicolas Mosko, Alex Maillis and
Rachel Lightbourne; and “Kingfish” in third with Paul King, Keith Kelty, Adam Dann, Bobby Blanche, Peter
Ensio, and Jim Bernard.







Lightbourne Marine would like to send a special thanks to our generous sponsors: Bahamas Wholesale
Agency, Sands Beer, and Green Parrot Bar & Gril, as well as the committee members and volunteers who
peed:







“We look forward to next year’s tournament, and Sueputege more ladies and j junior anglers to come out and
fish with us!” said Rachel.










Prince Charles Drive
Fax: 324-5382




SPORTS



Shamar Sands enjoys glowing
start to European campaign

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



SHAMAR Sands had a glowing start to his Euro-
pean campaign over the weekend as he helped the
Commonwealth Select team take home the title at
the Aviva International Match.

Sands, one of three Bahamians representing the.

Commwealth Select, matched his national record
of 7.59 seconds (set back in 2003 in Fayetteville,
Arkansas) as he won the men’s 60 metres hurdles
before a sold out crowd of 3,500‘at the Kelvin Hall
in Glasgow, Scotland.

The nearest competitor to Sands was Great
Britain’s Andy Turner in a sesson’s best of 7.64.
Germany’s Helge Schwarzer was third in 7.69.

The Commonwealth Select, which also featured
sprinters Chandra Sturrup and long jumper Jackie
Edwards, won the one-day meet with 60 points.
Aviva GB and NI were second with 57, followed by
Germany with 51, the United States with 46 and
Sweden with 37.

Sturrup just missed making it a double dose of vic-
tory for the Bahamas and the Commonwealth Select

in the women’s 60 metres as she fell short to Amer-
ican Angela Williams. Williams won the straight
away race in 7.32, followed closely by Sturrup in
7.34 as she nipped Germany’s Verena Sailer, who
had to settle for third in 7.35.

And Jackie Edwards, who has vowed to turn
things around after her disappointing performance
at the Olympic Games in August, ended up with a
third place finish in the women’s long jump.

Edwards produced a best of 19-feet, 8 1/2inches
(6.01 metres) on her third attempt: She did 19-6 3/4
(5.96) on her first, scratched the second, fourth and
fifth and closed out with a 18-8 (5.69) on the sixth.

Sweden’s Sophie Krauel topped the field with
her leap of 20-10 1/2 (6.36) on her final attempt.
She opened with a 20-6 1/2 (6.26) after scratching the
second arid third, came through with 20-8 (6.30) on
the fourth and 20- 10 (6.35) on the fifth to maintain
loz rosition.

American Funmi Jimoh ended up second with
20-8 1/2 (6.31), her best coming on the second
attempt after she scratched the first attempt.

While Edwards is expected to return to the Unit-
ed States to continue her training, Sands and Sturrup
are both due to remain in Europe to compete again.

East Bay Street, P.O. N-4894, Nassau Bahamas, Ph: 242-303-5285 Fax’ 242-393-6236 |



AUSTRALIAN OPEN

Natal ousts
Federer

@ MELBOURNE, Australia ;

Roger Federer had nowhere to
hide. Rod Laver was about to
present the cup to Australian
Open champion Rafael Nadal.
Federer stood on the court, hav-
ing just'missed his first chance to
equal Pete Sampras’ record 14
Grand Slam singles titles.

He was sobbing. He couldn’t
speak. “In the first moment
you're disappointed, you’re
shocked, you're sad, then all of a
sudden it overwhelms you,” Fed-
erer finally said, referring to his 7-
5, 3-6, 7-6 (3), 3-6, 6-2 loss to
Nadal in a momentum-swinging,
4-hour, 22-minute title match
Sunday night.

“The problem i is you can’t go in
the locker room and just take it
easy and take a cold shower.
You're stuck out there. It’s the
worst feeling. .. It’s rough.”

Nadal, the first Spanish man to
win‘the Australian Open, beat
Federer in Grand Slam finals on
clay and grass last year. He added
the missing link Sunday with his
first major title on hard courts.

The 22-year-old Spaniard is 5-
2 against Federer in champi-

onship matches at the majors —

3-0.in the last three — and 13-6 in
career mectings.

$! Doors! Doo

Available @

ENTERP





P.O. FH



ISES

Tel: (242) 324-1943
14378

Knowles and Bhupathi let title slip

FROM page 15

The Americans just went to work in the third and final set anc
Knowles and Bhupathi were never able to get back into the match.

“It’s really hard, that’s for sure. It’s as hard as it gets for a tennis
match, that’s for sure,” he reflected. “We had break point opportuni-
ties to go up a set and we lost all the momentum that we had.

“We were very close to the finish line there, but we were unable to
cross the line.”

This marked the first time that Knowles and Bhupathi played the
Bryans ina Grand Slam Final. But after winning in other tour events
in the past, Knowles said he was certain that they could do it when it
count the most. “They’re one of the best teams in the world and they
will continue to be there,” said Knowles, about the match that has been
a torn in his side over the past decade where he trail 18-12 with his for-
mer partner Daniel Nestor combined against the Bryans.

“The path is always going to go through those guys, so I’ve had suc-
cess against them in the past. We gave it our best tonight. We were right
there. We were one or two points away from winning the match. We

_ just came up short. So it’s disappointing for us for sure.”

Knowles and Bhupathi, who will move up the ladder from third to
second on the ATP computer rankings behind the Bryans today, will
take the next two weeks off to recuperate.

The first week, Knowles said he will spend at home with his family
in Dallas, Texas before he return home to the Bahamas for the final
week. “Bhupathi played a great match, but it’s so much you can take
with a Grand Slam loss,” Knowles stated. “We went to the Grand
Slam final, but you want to win that match.

“T really wanted it more for Mahesh because he would have com-
pleted that career Grand Slam sweep, having won all but the Australian
Open.”

Knowles said they had a great two weeks and they played to the best
of their ability, so they know they can still hang their head high as they
leave Australia. “I’m playing to win the big tournaments and getting the
Grand Slam titles,” he insisted. “So I’m disappointed that we didn’t get
this one, but we made the Grand Slam final.

“Sometimes it takes a little bit of luck and sometimes it just takes that
little to get over the final hurdle. I’m ve been in ten Grand Slam finl,
but unfortunately I only won three of them, so I have: to continue

.. pugging away: That is what sports is all about.”











THE TRIBUNE PAGE



MONDAY,



Knowles and

Bhupathi let title

slip from grasp



Si

INDIA'S Mahesh Bhupathi, front, hits the ball watehéd oH
by partner Mark Knowles of the Bahamas as they play
Bob and Mike Bryan of the United States in the final of
the Men's doubles at the Australian Open Tennis Cham-

| pionship in Melbourne, Australia, Saturday, Jan. 31,
2009.



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

MARK Knowles and Nahest Bhupathi had their first
Australian’ Open men’s ‘doubles Grand Slam title right
in their hands and they let. it slip away from them. ,

On Saturday night in Melbourne,, Australia, Knowles
and Bhupathi had taken a 6-2 win in the first set, but they
watched helplessly as the American identical twin broth-
€19 Boh and Mike Bryan stormed back.

The Bryans, seeded at number two in the two week
old tournament, won the final two sets 7-5, 6-0 to complete
the match in 97 minutes to earn their third Australian
Open crown and their seventh Grand Slam championship
title. For Knowles, who was hoping to earn his second
Australian Open crown and the first for Bhupathi, it was
a performance that he won’t forget just now.

“We got off to a flying start after we played great in the
first set,” said a dejected Knowles in an interview with The
Tribune from Melbourne after the match.

“Then in the second set, we had a lot of opportunities.
We went up three break points at 2-2, 3-3 and 5-5 and we
didn’t get it.”

At the last break point, Knowles lost his serve and the
Bryans held to level the playing field at 1-1.

SEE page 14

INDIA'S Mahesh Bhupathi, left, hits the ball watched
by partner Mark Knowles of the Bahamas as they
play Bob and Mike Bryan.

FEBRUARY 2,

AP P Photo/Andrew Brownhbi






AP. Photo/Rob Griffith



2009







Boil Fish Bowl

Pros capture

WM 24-12 victory over the John
Bull Jets secures Boil Fish Bowl

16-point third quarter sees

Pros take control

lH By RENALDO DORSETT
Sports Reporter ~
rdorsett@tribunemedia.net

he Commonwealth American Football League’s most

storied franchise overcame a half-time deficit at the hands

of a team that gave them their first loss in over three

seasons and further solidified their status as an undebat-
able dynasty by capturing yet another league championship.

The Orry J. Sands Pros shut out the John Bull Jets in the second half
to claim the 30th edition of the Boil Fish Bowl, 24-12, Saturday at the
D.W. Davis field.

In a complete dismantling of the league pennant winners, the Pros
scored on offence, defence and special teams, highlighted by a 16
point third quarter to take control of the game.

The Jets scored on the game’s opening possession, dominated by the
running game.

Valdez Bodie picked up three first downs and ran in the game’s open-
ing score from eight yards out.

The Jets.failed the conversion but held a 6-0 advantage.

The Pros game plan was deliberate from the outset with their open-
ing possession featuring a heavy dose of Charles Edwards Jr.

Edwards received six straight handoffs however failed to get into the
endzone as the Jets defence bolstered for a successful goal line stand.

Special teams woes for the Jets began in the first quarter, as routine
punt following a three and out turned into the Pros first score of the

afternoon.
Shanked

A shanked punt against a strong headwind rolled back into the end
zone and Keno Nixon recovered for the score.

Edwards converted to give the Pros an 8-6 lead.

With the wind playing such a factor in the passing game, both run-
ning backs carried the bulk of the offensive load in the first quarter.

Following a Jets’ turnover on downs, the Pros kept the ball on the
ground on their next possession, however after another four consecu-
tive carries, Edwards fumbled and the Jets recovered for the game’s first
turnover.

After another stalled drive near midfield, the Jets were forced to punt
and again a bad snap over the head of the Bunter benefited the Pros as
they recovered in the redzone.

* They would fail to take advantage of the short field as on the first
play, pros quarterback Mike Foster threw an interception to Kendal
Alcide.

The.turnover would be short lived as Jets quarterback Drameco.

Clarke was picked off by Ricardo Hamilton on the very next play
and he returned the ball within the five yard line.

An Edwards’ touchdown run three plays later was called back ona
holding penalty.

The Jets defence pressured Foster, forcing a fumble, recovered by
Alcide near the Jets’ 40 yard line.

With 1:58 remaining in the first half, the Jets executed a flawless two
minute drill for their second touchdown of the game.

After going just 1-5 through the air on the first three possessions,
Clarke completed 4-5 passes during the two minute drill which includ-
ed catches by Eldon Ferguson, Ishmail Sutherland, and a pair of catch-
es by Reggie Knowles, the latter of which placed the ball at the Pros one

. yard line.
Clarke ran the ball in on the quarterback meee tf the next play to give

the Jets a 12-8 lead just before the half.

SEE page 13

acti ct

Lireley pe ete) E10)

eR





PHOTO by Felipé Major/Tribune staff
THE JETS’ Ishmail Sutherland, known.as The Rocket, breaks defence as he
runs after kickoff.



Dousie Stack
Oye) Nite)

$3.99

ey Me estate cht
De.uxe Comso

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~






(THE






@ By NEIL HARTNELL
Tribune Business Editor

TRIBUNE




MONDAY,

aii to meet |
CLICO on ‘financial
position’ fears

;
iy ’ ‘ 18 }
* Parent's bail-out by Trinidad government



senior

govern-

ment

: m minister
will this week meet
.CLICO (Bahamas)
executives to discuss
“major regulatory con-
cerns” surr rounding the
company.’s financial p»
position, a.situation —
made more urgent by Fe
Friday’s bail-out of its
parent firm — the’ same
parent that guaranteed
a $57 million loan that
accounts for 59 per:

key assets.

Zhivargo Laing.



cent of the Bahamian insurer’s assets. __
Zhivargo Laing, minister of state for finance,

confirmed that he and Lennox McCartney, the
Registrar of Insurance, had previously been
scheduled to meet with CLICO (Bahamas)
executives, and principals from its Trinidadian
‘parent, CL Financial, prior to last week’s move’
by the Trinidad & Tobago government to bail-
out the latter by taking effective control of its

that,”

Airport finance completion
held up by ratings

@ By NEIL HARTNELL
Tribune Business Editor

“THE Nassau Airport Devel-

opment Company (NAD) is
hoping to complete the $310
million first phase development
financing this week, Tribune
Business has been told, with an
international credit rating
agency review critical to deter-
mining the interest rate it will
pay bond investors,

Frank Watson, the Airport
Authority’s chairman, con-
firmed that while NAD had
received commitments/indica-
tions that the three financing

tranches would be fully taken ©

* Chairman says correct
invesinient grade rating
from Fitch key to
determining interest
payments

* Hopes for end this w wale

with construction start on
$410m project in Q2 2009

* Airport needs security
checkpoint removal to
accommodate new retailers

See AIRPORT, 9B

Increase in Canadian visitors

i By CHESTER ROBARDS |
Business Reporter
CANADIAN visitors to ‘the

CORRECTION

A headline and story pub-
lished in Tribune Business on
Friday, January 30, 2008,

described an ocean thermal

energy provider as saying this
A form of sustainable energy
delivered a “bigger bank oye
your buck”. It should, of
course, have said “bigger bang
for your buck”. Tribune Busi-
ness apologises for the error...



Bahamas have grown by around
40 per cent in just three years, a
growth rate greater than the
overall tourism market itself,

-according to a Ministry of

Tourism Canada affiliate that
produces millions of dollars
worth of advertising that tar-
gets that market. :
Punch Canada’s Bahamas
tourism campaign reached 1.6
million Canadians in Toronto,
Calgary and Montreal in 2005, a
figure that sky rocketed to 2.3
million in 2008.
. The Bahamas Ministry-of

_. See VISITORS, 3B

x AHN MTA ke ee 10 on a ue oe
by of an enilosed aud elevated NVGeAAyoN tportehliay eat
PHbUNCehy nies flor AConeanbraiuetta tal yyiteln pele nenaUN (ire) Qiu Lie
ae ah oe GAM Rate ncuttumeantconeatonns sel aun(sifuotenghsgiiats
ue jefe ayn ae aie) CU Masia slargaret Ey Wetuten’ oy oh
) SHG Oa oto

cy [oo ey

Nah eee



havaliel Nail nabs

FEBRUARY 2,

raises concerns about its $57m guarantee
to back loan representing 59% of
Bahamian insurer's
* Laing says topic will be key issue he
and Registrar will discuss with firm's
principals this week
* Regulator says ‘major discussions’
over insurer's financial status
ongoing since late last year
* Insurer says no impact from parent's woes

The Bahamian insurance industry was alive
with rumours last Friday that the Registrar of
Insurance’s Office, working with the Central
Bank of the Bahamas, had followed their
Trinidadian counterparts by taking effective
control of CLICO (Bahamas).

However, both Mr Laing and Mr McCart-
ney denied this was the case. “There was no ,

takeover as far as I’m aware. I’m not aware of
Mr Laing told Tribune Business. “I’m
having a meeting with the Registrar of Insurance

See CLICO, page 2B

SECTION B PeeeTreeenecreeete






s assets

Efficiency could save 20% of energy costs

@ By NEIL HARTNELL
- Tribune Business Editor

THE Bahamas could “save
up to 20 per cent/of energy
costs”-by. making its: buildings

and Construction Code more’

energy efficient, an Inter-Amer-
ican Development Bank (IDB)
specialist told Tribune Business,

with further savings generated -

by making energy supply 15-20
per cent reliant on renewable
power sources.

Christiaan Gischler, who will
lead the IDB team working on
two related energy projects in
the Bahamas, said the initiatives

— for which the Bank is provid- ©

ing $1.45 million in combined
funding — were “essential” for
the Bahamian economy and





















(2009

Confidence For Life



Judge rules case
exists over Hilton
marina deal

@ By NEIL HARTNELL
Tribune Business Editor

THE British
Hilton’s holding company, two
affiliates and a former broker
for the resort’s sale do have a
potential case to answer in rela-
tion to an $85 million lawsuit
over a failed marina project
adjacent to the downtown Nas-
sau hotel, a New York judge
has ruled.

Unveiling his January 21,

2009, ruling on two separate-

motions by the British Colonial
Development Company, bro-
ker George Allen and the
resort’s two major sharehold-
ers/owners to dismiss the action

lJaunched by Island Global
Yachting (IGY), Judge Charles:

Edward Ramos ruled that while
some of the latter’s grounds for

complaint should be struck out,

others remained valid and could
be heard at trial. .

However, the judge, sitting in
the New York State Supreme
Court, threw out the charges

Colonial,

* New York court strikes out some defendants, crpanl
grounds in $85m lawsuit over deal blow-up

* But rules downtown Nassau hotel's holding « company,
affiliates and broker do have potential case to answer

levied by IGY against the

resort’s two major sharehold-
ers, PRK Holdings (the invest-
ment vehicle for the Canadian
Commercial Workers Industry
Pension Plan (CCWIPP), and
Adurion Capital.

The latter is the Swiss and

London-based private equity

boutique/investment house that
acquired a majority interest in

the British Colonial Develop- —

ment Company from PRK

Holdings in late 2006/early 2007.

Judge Ramos removed both

’ shareholders from the lawsuit;

dismissing the complaint against
them, and also dismissing some

of the complaints against the,

-hotel’s holding company and

M¢ Allen.

However, Judge Ranids

‘found that IGY had effectively

IDB specialist says Bahamas could have 15-20 per
cent of power come from renewable sources °

wider society for a variety of
reasons.

“The energy matrix of the
Bahamas is 100 per cent based
on fossil fuels, and every time
the price of oil increases, like

last year, when it got to $147.

per barrel, the budgeted cost of
electricity was huge,” Mr Gis-
chler told Tribune Business.
By including renewable ener-
gy in its power supply matrix,
as the Bahamas Electricity Cor-
poration (BEC) is attempting
to do through its current ten-
der for renewable/sustainable
energy suppliers, Mr Gischler

' said the Bahamas would be able

ine. reality...



Every idea begins with a seed of thought.
Colinalmperial can take those seeds and turn

. them into reality. Thats the ‘differance betwean

Confidence for Life and a lifetime of dreaming.

www.colinaimperial.corr

to lessen the drain on its for-

ernment cash flow and the
wider economy through high oil
import volumes.

“Reducing foreign imports

will provide extra funding for

education, social services,” he
added. “Then you have the oth-
er issue of energy security. You
will be producing your own
power, and not be dependent
on someone selling oil at a price
you have no power over. That’s
an incredible advantage.

“You can create jobs [from

See ENERGY, 5B

". See HILTON, pagt 4B

established a prima face case
against the British Colonial
Development Company and
two property-holding affiliates,
Ocean Bay Properties I and
Ocean Bay Properties I, plus
Mr Allen, for alleged breach of
contract and for failing to per-
‘ form their side of the deal.

He also found that the three

‘companies, plus Mr Allen,

needed to answer allegations by
IGY that its intellectual prop-
erty — business plan and ideas
for the marina project adjacent
to the British Colonial Hilton
— might be used by themselves
to develop the project with
another investor. —_-
Recording how the dispute,



eign exchange reserves, gov- &





PAGE 2B, MONDAY, FEBRUARY 2, 2009



BUSINESS

The Bahamian Stock Market

FINDEX 826.85 (-0.96%) YTD
CLOSING CHANGE VOLUME YTD PRICE

BISX
SYMBOL PRICE

; AML $1.40 ‘$e
& By Royal Fidelity Capital the 25 listed securities. Most last week's trading volume -of Benchmark (Bahamas) BBL $0.63 $-0.03

Markets stocks that traded saw a decline. — 9,506 shares. (BBL) saw 1,000 shares trade, BOB. $7.64 $.

SS dee ae pean te, Commonwealth Bank Limit-" falling by $0.03 to end the week BPF $11.00 Pus
THE trading momentum EQUITY MARKET ed (CBL) led the volume with at $0.63. Colina Holdings BSL $9.58 $-0.30

increased last week in the A total of 57,620 shares 56,397 of its shares trading, the | (CHL) traded 223 shares to end BWL $3.15 $-

Bahamian market with changed hands,representing an stock price declining by $0.17 the week unchanged at $2.83. CAB $13.95 $-
investors trading in three out of increase of 48,114 shares versus _ to end the week down at $6.83. : CBL $6.83 $-0.17

BOND MARKET. CHL $2.83 :

ean TT ee No notes \jtraded in the’ CIB $10.45 $-
eons uae ay Bahamian market this week. CWCB $2.34 $0.21

a DHS $2.40 $-

COMPANY NEWS FAM $7.80 Ge

| Ge Earnings Releases: FBB $2.37 $.

Commonwealth Bank (CBL) FCC $0.30 es

: : ee % ¢ released its chairman's report. FCL $5.17 Re

Tel: 242.328.0264 Canes le areal Ch OL the uuaadiied faaneiel bats $1.00 ‘

, Fax: 242.325.6878 » www.premiertravelbahamas.com | results for the year ende FIN $11.87 $-

© © = December 31, 2008. ; ICD 5.59 fe

RTC SEMBE LIM CM OUI] COOME Totalasctsstoodatgiabi- JS ios0.

lion versus $1.2 billion in 2007. PRE $10.00 $e

full-service travel agency.
Let us help you explore some great





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e if awa FOREX Rates |

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thelr Immediate families, are not eligible ta enter, :

Win a $5,000 Gift Certificate from H_G_I_s




Name:






Address:









Telephone:






THE TRIBUNE










CHANGE

0 -18.13%
1,000 -4,.55%
0.00%
-6.78%
-5.99%
0.00%
-0.57%
-2.43%
0.00%
0.00%
4.00%
-5.88%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
-8.81%
-5.41%
0.00%

nuooo°ce
ON
Ww
\o
—~

Fy

N
NO
w

SococcocooccoocCO



Net income available to com-
mon shareholders increased by
2.4 per cent to $43 million.
Earnings per share increased
to $0.44 versus $0.43 in 2007.

Private Placement Offerings:

FOCOL Holdings (FCL)
announced it will be extending
the deadline of its private place-
ment offering. The preferred
shares will be paying a dividend
rate of prime + 1.75 per cent,
payable semi-annually.

Dividends/AGM Notes:

Focol Holdings (FCL) has
declared a dividend of $0.03 per
share, payable on February 12,
2009, to all shareholders of
record date January 30, 2009.

Consolidated Water Company
(CWCB) has declared a divi-
dend of $0.013 per share,
payable on February 7, 2009, to
all shareholders of record date
January 1, 2009.

Commonwealth Bank (CBL)
has declared a dividend of $0.05
per share, payable on February
27, 2009, to all shareholders of
record date February 13, 2009.

CLICO, from 1B

on the matter soon. I, along with,
the Registrar of Insurance, am
meeting with the CLICO princi-
pals néxt week to discuss their
situation; to discuss the current
circumstances surrounding their
company.”

In a statement, CLICO
(Bahamas) said it would not be
impacted by events surrounding
its parent. It said it “remains sol-
id with sufficient assets to sup-
port all of its liabilities.

“CLICO (Bahamas) wishes to
make it clear that developments
in Trinidad on Friday involving C
L Financial Limited have no
financial impact on CLICO
(Bahamas). CLICO (Bahamas)
is a separate entity within the CL
Financial Group, and none of its
assets are intertwined with CLI-
CO (Trinidad).”

However, the key issue is a $57
million loan made by CLICO
(Bahamas) to an affiliated com-

‘pany that is also owned by its

Trinidadian parent. That loan
accounted for some 59 per cent
of the Bahamian insurer’s total
assets as at the December 31,
2007, last balance sheet date.

The borrower, CLICO Enter-
prises, had invested the majority
of funds advanced to it in what is
likely to be one of the world’s
worst investment options (in the
current climate), a Florida-based
real estate development. :

Deloitte & Touche (Bahamas),
in its 2007 audit report on CLI-
CO (Bahamas), noted that it was
only a guarantee by CL Finan-
cial, pledging that it would hon-
our CLICO Enterprises’ obliga-
tions to the Bahamian insurer,
that prevented the latter’s man-
agement from impairing the loan.

Given the poor financial con-
dition of CL Financial, as evi-
denced by Friday’s action by the
Trinidadian authorities, it
appears highly unlikely that the
company will be able to perform
its $57 million guarantee. And
with the Florida real estate mar-
ket still in a funk, and prices
locked in a downward spiral, the
value of CLICO Enterprises’
investment is likely to have dete-
riorated further, with a/l the
implications that entails for
repaying CLICO (Bahamas).

Deloitte & Touche (Bahamas)
did not qualify jts pinion on
CLICO. (Bahamas) financials,
but still highlightd the fact that
almost 59 per cat of the com-
pany’s $97,352 nillion in total
assets were inveted in loans to
CLICO Enterpries Ltd.

The audit reprt found that
CLICO Enterpries’ main invest-
ment, the Florda-baied real
estate project cdled Wdlington
Preserve, sufferd a mee than
20 per cent declite in maket val-
ue, falling from an apyraised
$104 million at ear-end 006 to
$80.5 million a year-ent 2007,
due to the colla’sing Florilg real

SEE page 6-7B



THE TRIBUNE



To advertise in The Tribune-
the #1 newspaper in circulation,

Tourism facing some
marketing challenges

@ By CHESTER ROBARDS
Business Reporter

THE Ministry of Tourism has
spent millions of dollars recent-
ly on new advertising cam-
paigns, familiarisation trips and
product placement in an effort
to reinvigorate visitor interest
during a global slowdown in the
tourism sector.

Vernice Walkine, director-
general in the Ministry of
Tourism, in an oblique refer-

’ ence to the furore surrounding
the death of John Travolta’s
son, said the media, including
the ministry’s affiliates abroad,
must help to counteract nega-
tive press in new, dynamic ways
as Bahamian campaigns move
forward.

“I want to remind all of us
that as a tourism-centric nation,
perception really does play a
very large role in initiatives
worldwide,” she said.

Bahamian media were intro-
duced to the media houses that
showcase the Bahamas to dif-
fering world markets. Among
those present were Foxkalo-
maski out of the United King-
dom, New York-based Weber
Shandwick, Punch Canada Inc.,
Lagrant Communications and
Arnold Worldwide.

“A well-informed partner is
very helpful to us. It helps up us

.to keep our name top of mind,’
helps us to continue to protect
and promote the brand in this
very challenging and competi-
tive industry we find ourselves
in,” said Ms. Walkine.

A representative of one of
the firms revealed to Tribune
Business that upwards of
$20,000 was spent to bring jour-

Increase
in Canadian
visitors |

FROM page 1B m

Tourism has tapped the fourth
largest market in the Americas
by running myriad ad cam-
paigns simultaneously in differ-.
ent media throughout Toronto.
Stewart MacPhee, Punch’s
_ president and chief executive,
said visitors from Toronto rep-
resented 63 per cent of Canadi-.
ans who came to the Bahamas.
Montreal represented 15 per
cent, and Calgary 9 per cent.

- Mr MacPhee said 75,000
Canadians visited the Bahamas
in 2005, a figure that was
expected to increase further in
2008, underscoring the impor-
tance of capturing the market.
He said that although the fig-
ures were not in, visitors from
Canada were estimated to have
reached 115,000 people last
year.

“Based on some information
that we have, we’re pleased to
say that we’re.going to hit our

target of [Canadian visitors],”

said Mr MacPhee.

_ Punch saturates the Canadian
market with ads teeming with.
authentic Bahamian scenes and
themes, branded with the “Its
Better in the Bahamas” ‘slogan.
They use radio, out of home ads
(any ads seen outside the
home), and online media to
reach their target audiences.

According to Punch’s media
director, John Marraffino, ads
are strategically placed in key
districts such as theatre districts,
financial districts, trendy resi-
dential neighbourhoods and on
transit vehicles.

He said huge trains and street
cars can be seen commuting
around Calgary and Toronto
completely wrapped in colour-
ful Bahamian beachscapes and
Junkanoo scenes, restating

‘ boldly that “It’s Better in the
Bahamas.” | '

“In Toronto we have four of
these cars going throughout the
downtown cord, and they gen-
erate millions of impressions |
for us,” Mr Marraffino said. |

“There’s the street cars for!
the islands of he Bahamas in
general; there is one for
Eleuthera; there is one for
Grand Bahamg one for Exu-
ma and one for Nassau.

“In Calfary ve are using the
light rai) traits and we’ve
wrapped jour ofthose trains.”

raffino also.said the

Bahamafis represented online

52 weekjout of the year, where





Vernice Walkine

nalists down to Nassau to cover
an event. He noted that it was
important for the Bahamas to
brand itself through media cov-
erage within the US.

However, according to Ms
Walkine, recent news has not
portrayed the Bahamas in a
positive light,

“We at the Ministry of

Tourism and Aviation need to
solicit your cooperation in
showcasing our islands in the.
most positive light possible,”
she said. _

Ms Walkine said the “It’s bet-
ter in the Bahamas” slogan was
being negated by negative visi-
tor feedback, but it was recent-
ly reintegrated into ad cam-
paigns because now “It is better
in the Bahamas.”

“For a while it really wasn’t
better in the Bahamas, and we
recognised that we were being
challenged by our customers
when we said it was better in.
the Bahamas. Some of them,
for a while, had not been the
recipients of a good experience
so they began to challenge the
statement,” said Ms Walkine.
“It has never been more com-
petitive and challenging as it is
today.”

| Temple Christian High Sets

Temple Christian High School

Entrance Examination

740

An he

Temple Christian High School will hold

its Entrance Examination on SATURDAY,
FEBRUARY 7th, 2009 at the school on
Shirley Street from 8:00a.m. - 12noon for
students wishing to enter grades, 7,8, 9 and

10.

Application: forms are available atthe High
School Office. The application fee is twenty
dollars ($20.00). Application forms should
be completed and returned to the school by
Friday February 6th, 2009 |

For further information please
; call ;
394-4481 or 394-4484





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MONDAY, FEBRUARY 2, 2009, PAGE 3B

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LOOK WHAT'S HAPPENING

PROFESSIONAL DEVELOPMENT COURSES

Professional Development

Accounting I (12 Weeks)
‘Fri. 2/6, 6-9pm_ —~

Sat. 2/7, 9am-12pm

Accounting II (12 Weeks)

Fri. 2/6, 6-9pm

Sat. 2/7, 9am -12pm

Quick Books (12 Weeks)

Fri. 2/6, 6-9pm

Sat. 2/7, 9am -12pm

Computers Applications (12 Weeks)

Sat. 2/7, 9am-1pm

$300
$350

$350,

Intro. To Welding (10 Weeks)

Sat. 2/7, 9am-3pm

Block Laying (10 Weeks)
Sat. 2/7, 9am-3pm

Cabinet Making (10 Weeks)
Sat. 2/7, 9am-3pnyr

Basic Plumbing (10 Weeks)
Sat. 2/7, 9am-3pm

Sat. 2/7, 9am-3pm
Basic Blue Print Reading &

Tile Laying —Do-It-Yourself (10 weeks)

$350
$350
$360
$350

$350

Estimating I Residential (10 Weeks)

Sat. 2/7, 9am-3pm
Basic Blue Print Reading &

$350° | Fri, 2/6, 6pm-10pm

At Review/Certification Exam (12 Weeks)

Fri. 2/6, 6-LOpm

*Microsoft Power Point (10 Weeks)
Mon. 2/2, 6-10pm

*Microsoft Excel (10 Weeks)

Tues. 2/3, 6-10pm

*Microsoft Access (10 Weeks)

Wed. 2/4, 6-10pm

*Microsoft Word (10 Weeks)
Thurs. 2/5, 6-10pm

*Microsoft Outlook (10 Weeks)
Fri. 2/6, 6-10pm

Acrylic Nails (10 Weeks)
Sat. 2/7, 9am-lpm

$375

~ $380

$380
(10 Weeks)

Mon. Wed. 2/2, 9am-Ipm.
Tues, Thurs. 2/2, 6 -10pm
Sewing I1.(10 Weeks)
Thurs. Fri. 2/5, 6pm-1 0pm
Painting (10 Weeks)

$380
$380
$380

$380 | Sat. 2/7, 9am-3pm

(Residential & Commercial)

$350

Estimating Lf Commercial (10 Weeks)

$375

Window Treatment —Drapery & Valence

$350

$300

$350

Upholstery I (Chaise Making) (10 Weeks)

Tues. Thurs. 2/3, 6-10pm

$350

Upholstery IT (Vehicle Refurbishment.)

(10 Weeks)
Mon. Wed. 2/2, 6-10pm

$380

Straw Craft I (10 Weeks)

Straw Craft Advanced I (10 Weeks)
‘Mon. Wed. 2/2, 6-f0pm $375
Shelt Souvenir Manufacturing (10 Weeks)
Mon. Wed. 2/2, 9am-lpm
Mon. Wed. 2/2, 6pm-10pm
Thurs, 2/2, 6-10pm
Crocheting (10 Weeks)
Tues. Thurs. 2/5, 9am-]pm
Tues. Thurs. 2/5, 6pm-10pm

$350

$350

Marine, Outboard Engine
Preventive Maintenance (10 Weeks)
Mon. Wed. 2/6, 6-9pm $350



Small Engine Repair (10 Weeks)
Sat. 2/7, 9am-3pm

Electronic Communications (12 Weeks)
TBA $350
Micro Processor (12 Weeks)

TBA $350

‘CLASS SCHEDULE |

10 WEEK PROGRAMS’. |
FEBRUARY 6 - APRIL I1, 2009
12 WEEK PROGRAMS

For More Information

502-6338/9

Office Hours:
Monday-Friday * 9am-5pm

BIVI reserves the right to cancel
courses if a minimum number. of
students have not registered. Students
will receive.a full refund if classes) are
EViKeo eM MOO NeLar taco)

BIVI reserves the right to change
Tuition, Fees, Course Content, Course
Schedule and Course Materials.

Early registration helps eliminate: the
disappointinent of course cancellations.

Non-Bahamians are required to pay
anadditional tee.

CaTse ER i ERE

*Microsoft Programmes Include:
eMicrosoft Office Specialist
(MOS) Certification Exam

eText Book




Face Care/Make-up Application (10 Weeks)

as revafs up to $200, they seek: Fa 2/6, San 3p S285

anadians from “pas-
sive slfppers to active travel-

Mon, Wed. 2/2, 9am-Ipm $350 | | FEBRUARY 6- APRIL 25, 2009

MORE HAPPENINGS! «t Brvt Campus

Res memes RST NABER RET GN HG





PAGE 4B, MONDAY, FEBRUARY 2, 2009

THE TRIBUNE



Judge rules case exists over Hilton marina deal

FROM page 1B

had arisen, Judge Ramos said
IGY’s investment vehicle, IGY
Ocean Bay Properties, had
signed an agreement to acquire
five acres of undeveloped
waterfront land in Nassau on
November 7, 2005, from the
British Colonial Development
Company and its affiliates.
The agreement, which was to
ultimately develop a joint ven-
ture marina, was structured so
that IGY would acquire the
land by paying $8 million in
cash and providing a $10 mil-
lion equity interest to the Hilton
companies in the joint venture,
“The goal was to develop the
property and the adjacent
seabed into a mixed-use mega
yacht marina and resort with
commercial and residential

facilities,” Judge Ramos said.
A shareholder agreement for
the joint venture was to be
closed within 90 days of the land
purchase, since it was required
to obtain a Heads of Agree-
ment for the development from
the Bahamian government.

Judge Ramos said the Heads
of Agreement amounted to “a
licence” approving the land sale,
lease of the seabed from the
Crown, and all other necessary
approvals. “The entire project
was dependent on obtaining the
Heads of Agreement because
the property could not be sold
to IGY without it,” the ruling
said.

“The purchase agreement
contains provisions requiring
the sellers to act in good faith in

assisting IGY to obtain the nec--

essary approvals from the

‘Bahamian government, and in

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:

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For further

information, contact:

LINDSAY IRELAND

Communications

1-416-780-1779

This offering is subject to errors, omissions, change in price or withdrawal without notice.

executing a finalised share-
holder agreement.”

The closing date for the land
purchase, originally scheduled
for September 30, 2006, was
extended twice — to January.31,
2007, and then to June 30, 2007,
Judge Ramos found.

By December 2006, all
approvals and permits had been
obtained, apart from the share-
holder agreement and the
Heads of Agreement. For the
latter to be concluded, the for-
mer was needed.

“In early December 2006,
Allen notified IGY that Adu-
rion had acquired a majority
voting interest in the British
Colonial Development Compa-
ny,” the judge’s ruling found.
“Tt was then requested that IGY
consent to the assignment of a
portion of British Colonial
Development Company’s inter-
est in the project to Adurion.

“Allen, acting as an agent for
the sellers, specifically repre-
sented to IGY that Adurion
would cooperate in completing
the project as set forth in the
purchase agreement, and would
execute the shareholder agree-

ment with the terms already
negotiated by the parties. Rely-
ing on Allen’s representations,
IGY consented to*the assign-
ment of a portion of British
Colonial Development Compa-
ny’s interest to Adurion.

“After the assignment, Adu-
rion began demanding that re-
negotiations take place with
respect to the purchase agree-
ment and the shareholder
agreement. Adurion also caused
the other sellers to raise addi-
tional objections that were
inconsistent with the funda-
mental terms of the purchase
agreement and goals of the pro-
ject.”

The ultimate result was that _

the shareholder agreement and
Heads of Agreement were nev-
er completed, and IGY
launched its legal action for
alleged breach of the purchase
agreement due to the other par-
ties “unreasonably withholding
their approval and delaying the
execution” of the shareholder
agreement. —

However, PRK Holdings and
Adurion Capital were successful
in convincing Judge Ramos that

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UBS ANNEX

NASSAUe*BAHAMAS

UBS (Bahamas) Limited is presently constructing a
" new 2-storey building at the rear of its corporate office
building on East Bay Street, Nassau, Bahamas. UBS
will occupy the second floor in the building and will
lease out the First (Ground) Floor. The building is

designed to be energy efficient. The developers have
incorporated many specifications of the American
LEED Building Rating System (Leadership in Energy

and Environmental Design) into the design.

LEED

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by recognizing performance in five key areas of
human and environment. health: sustainable site

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6:00 - 9:00 pm

| The British Colonial Hotel,
Wedgewood Room, 1 Bay Street, Nassau

(242) 322-3301

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the complaints against them
should be dismissed, and that
they be struck out of the law-
suit.

Both argued that the New
York State Supreme Court
lacked jurisdiction over them,
despite IGY’s contention that
Mr Allen — acting as an agent
for British Colonial Develop-
ment Company, and later PRK
Holdings and Adurion — had
attended meetings in New York
with attorneys from both sides
to discuss the deal.

In addition, IGY alleged that
Mr Allen had held meetings in
New York with Adurion, and
made telephone calls from there
concerning the agreement.

While Mr Allen admitted he
was in New York for that pur-
pose, Adurion’s general counsel
and director, Jurg Gassmann,
denied IGY’s allegations and
said Mr Allen was not “their
agent”.

“IGY has not made a suffi-

cient showing to establish that’

the [PRK and Adurion] defen-
dants had authorised Allen to
act on their behalf, so as'to jus-
tify the.exercise of this court’s
jurisdiction over them or juris-
dictional discovery,” Judge
Ramos ruled. \
“Adurion’s only alleged pres-
ence in New York, a visit: on
May 15,.2007, by a Mr Aegert-

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

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





Responsibilities
Prepare billing



Create documents

Cualiicsuons ;



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timeline




Career Opportunity

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Manage accounts payable/receivables
Process employee time cards

High school education or college

Professional, well spoken

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Computer literate with experience in excel
Ability to take directions and complete task within a

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Must be flexible with hours

Please summit your resume along with a photo to:
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Deadline is February 6, 2009

NOTICE
IN THE ESTATE OF Shane Duncan Johnson late of the

Settlement of Saint George on the Island of Spanish Wells one of .
the Islands of The Commonwealth of The Bahamas, deceased.

NOTICE is hereby given that all persons having any claim or
demand against'the above Estate are required to send the same
duly certified in writing to the Undersigned on or before the 2nd
day of March, A.D., 2009, after which date the Executors will
proceed to distribute the assets having regard only to the claims of
which they shall then have had notice.

AND NOTICE is hereby given that all persons indebtd to the said
Estate of Shane Duncan Johnson are requestedto make full
settlement on or before the date hereinbefore mentined.

LEANDRA A. ESFAKIS
Attorney for the Executors
Chambers
P.O. Box SS-19269
No. 16 Market Street
Nassau, New Providence
The Bahamas

ner, Adurion’s representative,
who at that time sought re-
negotiation, is an insufficient
means to confer jurisdiction.....
Accordingly, the complaint is
dismissed as to the [PRK and
Adurion] defendants, with the
exception of Allen.”

As for the other grounds for
complaint, the Hilton defen-
dants had argued, in response to
IGY’s ‘breach of contract’
claims, that the purchase agree-
ment was “merely an agreement
to agree, and is unenforceable
at law”.

Judge Ramos found: “This
court cannot conclude, as a mat-

’ ter of law, that [the agreement]

does not create binding obliga-
tions, or otherwise conclude
that any material terms were
left open......... Therefore,
IGY’s complaint sufficiently
pleads a breach resulting from
the failure of the [Hilton] defen-
dants.to fulfill their obligations
under the purchase agreement.

“Any factual questions con-
cerning the existence or absence
of open material terms must
await summary judgment or tri-
al.” The judge also found that
forcing the defendants to com-
ply with the agreement’s terms
was an available course of rem-
edy.

However, Judge Ramos
struck out IGY’s allegation that
it was “fraudulently induced”
by Mr Allen to assign a portion
of the purchase agreement to
Adurion.

“This cause of action must
fail, as IGY cannot plead justi-
fiable reliance,” the judge
found. “This court cannot find
that Allen was an agent for
Adurion without allegations of
conduct by the sellers to evince
the agency relationship.

“Therefore, IGY cannot
allege that it was justified in
relying on Allen’s statement on
behalf of the sellers that it
would abide by the pre-hegoti-
ated terms of the shareholder
agreement.”

Still, there was better news
for IGY later, as the judge
found it had “sufficiently pled”
that the marina design was
“being misappropriated to be
used in competition with itself”.
The defendants had argued that
IGY did not exclusively own all
the licences, permits, studies
and design plans associated with
the marina, but this was reject-

| ed by Judge Ramos.















































THE TRIBUNE



MONDAY, FEBRUARY 2, 2009, PAGE 5B .



Efficiency could
save 20% of
energy costs

FROM page 1B

renewable energy]. Maybe the
technology is imported, but all
the operations and manpower
will be local, because you will
need to have people providing
the service.” In addition, reduc-
ing reliance on fossil fuels would
also reduce the Bahamas’ car-
bon footprint and aid the envi-
ronment.

Mr Gischler said the two-
pronged IDB initiatives were
designed to tackle complemen-
tary aspects of the Bahamas’
energy needs — energy efficien-
cy, and renéwable energy devel-
opment.

On energy efficiency, he said

Building Codes could. be
amended to encourage energy
efficiencies and renewable ener-
gy, especially when it came to
power cooling systems. Mr Gis-
chler suggested the Bahamas
could look to Barbados as, an
example, for that country’s air-
port had implemented a natur-
al power cooling system that did
not require air conditioning.

“With energy efficiency, you
can save up to 20 per cent of
energy costs, and with renew-
able energy it can go to 15-20
per cent of your energy matrix
being renewable,” Mr Gischler
said.

He emphasized that these
were preliminary numbers, with
IDB consultants set. to start in-
depth, on-the-ground studies
for the projects towards the end
of the 2009 first quarter/begin-
ning of the second quarter.

The $937,500 energy efficien-
cy project, entitled Promoting
Sustainable Energy in the
Bahamas, will aid the Govern-
ment in achiéving energy effi-
ciency in public buildings,
homes and commercial build-
ings. Other objectives include
exploring renewable energy

‘forms and developing pilot pro-

jects, and supporting a waste-
to-energy initiative. Some
$750,000 of the funding will
come from the IDB.

The other project, entitled
Strengthening the Energy Sec-
tor in-the Bahamas, will aid the,
Ministry of the Environment i in.
cial and operational stability;
explore alternatives, including
renewable energies, ‘for BEC’s
expansion; and-analyse the-cur-

rent energy regulation frame- '

work in the Bahamas.

When it came to BEC, Mr
Gischler said the IDB project
would conduct an internal audit
of the Corporation’s operations
and then analyse the options for
enhancing energy efficiency and
the use of renewables.

Included in that, he added,
would be an assessment of how
much power was lost in pro-
duction and transmission —
before it even reached the end
user.

Phenton Neymour, minister
of state for the environment;
previously told Tribune Busi-
ness that in relation to the IDB
project, an audit at the Bahamas

Electricity Corporation (BEC). ,

was likely to begin in the 2009
first quarter in’a bid to improve
the energy supplier’s.

- He hinted that the Govern-
ment was for the first time mov-
ing to allow large private sec-
tor entities, such as hotels and
resort complexes, to. generate
their own power, with the IDB
project being “the thread” that
bound all its energy-related ini-
tiatives - renewable energy, the
National Energy Policy Com-
mittee and legislative reform -
together.:

Mr.Neymour added that the
IDB initiative would also assess ©
BEC’s internal operating struc- ,

ture and staff levels in an effort
to get the Corporation operat-
ing at maximum efficiency,
something that was essential to
sustaining its operations and
finances. BEC is currently
understood to between 900-
1,000 employees.

The minister said he had indi- |

cated as far back. as his 2007-

2008 ‘Budget.speech that “it is.

critical to look at the efficiency
of BEC in terms of its opera-
tions”, an area that had not
received much public attention |

but was a critical component in

reducing electicity costs paid
by Bahamianjbusinesses and!
residential cusomers.
“There has 'b be a review of
the structure ofBEC, and there
has to be areviw of its employ-
ee make-up,” Mr Neymour told
Tribune Busines. “Essentially,
a manpower wdit. We will
review thj manpower structufe
of BEC.
“We afticipat we will begin
to addrgs sone of the man-
power i es in the first quarter
of this yar.’
Mr (schler said the IDB
projeciwere likely to take one-
If years to complete.











RBC

Royal Bank

(401) Lots # 17 & #18 Crown Allot-
ments, Love Hill Settlement, An-
dros. Containing a two-storey res.
Appraised value: $100,000

(806) Lot #13, Block 4 of Coral Wa-
terways, Section One, Coral Harbour,
‘ New Providence with two houses

and a. swimming pool, #312:N.P.°

bounded Northwardly by a canal

or waterway of the said Subdivision

known as Flamingo waterway and

running 102.004 ft. Eastwardly by

lot #14 and 146.145ft Southwardly

by a reservation for a private road.
. Appraised value: $530,000. ~

(806) Lots #1 & #2, Block 3 with a
parcel situated between Lot #1, Block
3, containing a 4 bedroom condo-
minium - Sunset View Villas, West Bay
Street. Appraised value: $750,000

(433) Lot #27 of Village Allotment #14

in the Eastern District, containing
residence situated on Denver Street
off Parkgate Road in the Ann’s Town
Constituency, New Providence. Prop-
erty size 2,500-sqft Building size 990
sqft. Appraised value: $50,000

(400) Property situated in Calabash
Bay on the Island of Andros. 75’ x
’ 150’ and containing thereon’a small
grocery store 480 sqft. and an in-
complete 3 bed 2 bath house 900
sqft. Appraised value: $65,000

(301) Lot #2 in block #8, Steward
Road, Coral Heights East Subdivision
situated in Western District of New
Providence, approx. size 8,800 sq.
ft. witha split level containing two
bed, two bath, living, dining & fam-
ily rooms, kitchen and utility room
— approx. size of building 2,658 sqft

i Appraised value: $322,752

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

(902) Lot ofland 94x 94x 150x150
on Queens Highway just south of
Palmetto Point with a two storey
stone building containing two apart-
ments. Each unit has 3 bed/2 1/2

. bath, kitchen, living room and 3 linen
closets. Appraised value: $287,209. |

(400) Lot #14 situated in ihe Séttle-
* ment of Cove:Hill on’ the Island: of
* Andros-totalling 20,000 sqft Property
* contains a two storey 5 bedroom, 3

bathroom residence.
Appraiséd value: $185,000

(902) . 0.281 acre of vacant land off

. Queen's Highway, Governor's Har:

bour, Eleuthera.
Appraised value: $31,320

(702) Undeveloped lots # 4A, 16,
17, 18 and 19 located Chapman
Estates, West Bay. Appraised value:
$348,000

(701) Undeveloped lot #149: Sea-

fan Lane, Lucayan Beach Subdivi- .

sion. Grand Bahama, 18750 sqft.
Appraised value: TBA :

(565) Vacantlot#5 located Eleuthera
Island Shores, Seaside Drive Section B,
Block #15, Eleuthera, Bahamas. 9,691
sqft, Appraised value: $27,620

(402) Lot89,Block7 Aberdeen Drive,
Bahamia West Replat Subdivision,
Freeport, Grand Bahama, consist-
ing of 12;100 sqft.

Appraised value: $51,000

* (800) Vacant property located Baha-
mia South. Block 16 lot 9A, Freeport,
Grand Bahama consisting of 24,829.20
sqft. Appraised value: $52,000

(723) Vacant lot #20 comprising a
- portion of the Murphy Town Crown
Allotment #72 situated in Murphy
Town, Abaco, Bahamas.

Appraised value $18,000

COMMERCIAL BANKING CENTRE

Tel: 242-356-8568

(800) Mrs. Monique Crawford
(801) Mr. Jerome Pinder

(802) Mr. Brian Knowles

(805) Mrs. Tiffany Simms O’brien
(806) Mrs. Lois Hollis

(807) Mr. Lester Cox

_ (808) Mrs. DaShann Clare-Paul

(810) Miss LaPaige Gardiner
PALMDALE SHOPPING CENTRE
Tel: 242-322-4426/9 or
242-302-3800

(201) Ms. Nicola Walker

(202) Mr. Robert Pantry

‘NASSAU MAIN BRANCH
| Tel: 242-322-8700
~ (701) Mr. James Strachan

ste, of Canada

PROPERTIES LISTED FOR SALE

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










HOUSES/APARTMENTS/ COMMERCIAL BUILDINGS

(105) Lot containing 2 storey bldg.
with three bed, two and a half bath
residence, and 30’ x 86’ situated Bai-
ley Town, North Bimini.
Appraised value: $235,000

(902) Lot containing commercial -

building housing a sports bar, res-
taurant and a 2 storey commercial
building on Queens Highway Tarpum
Bay Eleuthera.

Appraised value: $180,000

(902) Lot#31 situated at the inter-
section of Albert & Victoria Streets
in Hatchet Bay containing a 2 storey
concrete building with an incomplete
2bed 1 bath apt and store downstairs.
Property approx 2250 sq ft.
Appraised value: $65,000

(810) Description: Lot #60 Skyline
Lakes Subdivision 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, 1 complete

bathroom, sunken living room, dining
room, kitchen, play room & utility
room. Located on the upper floor is
the master bedroom & bathroom,
walk-in closets & tiled balcony.

Appraised value: $453,000

(908) Lot#23 located in the Subdivi-
sion.of Spring City, Abaco. Contain-
ing a one storey house with 2 bed/1
bath. Wooden structure.
Appraised value: $60,000

(801) Lot#18in Sandilands Allotment
on the western side of Crosswind
Road between Seabreeze Lane and
Pineyard Road in the Eastern Distract
of The Island of New Providence-The
Bahamas.,containing single storey
private residence comprising the
following: covered entry porch,
living room, dining room, kitchen,
laundry room, family room, sitting
area, 4 bedrooms, 2 bathroom and
patio. The total area of land is ap-
proximately 7,641 square feet.
Appraised value: $289,426

(801) Two parcels ofland containing ,
21,120 sq.ft. situiatéd on the southern:
side of East Shirley Street and 100 feet

west of its junction with “Shirlea’“in ¢.

the Eastern District, New Providence.
Situated thereon is a Gas Station
and Auto Repair Shop.

Appraised value: $799,497

(565). Vacant Lot #9 (11,406.65 sqft) .

situated in Mango Lane Section “B”
Block #15, Eleuthera Island Shores,
Eleuthera.

Appraised value: $50,189

(902): Vacant lot of land situated
in South Palmetto Point, Eleuthera
measuring 97x127x82x121.
Appraised value $38,000

(909) Vacantresidential Lot# 63 (7800
sqft) Crown Allotments located Mur-
phy Town, Abaco.

Appraised value: $18,000

| (908) Vacantresidential Lot#30com-
prising of 1.02 acre located Dundas

Town, Abaco. -
Appraised value $20, 000

(108) Vacant Single Family Lot #5
Block #5 Unit #1 Devonshire
Appraised value $30,000

(108) Vacant canal lot #71 Silver
Cove Court, Silver Cove Subdivi-
sion Zoned. Tourist Commercial.
Approximately 0.4 acre.

_ Appraised value: $175,000

(802) Vacant Commercial Lot No:
3A, Block 60 Bahamia Subdivision
VI.containing 3 acres located Free-
port, Grand Bahama.

Appraised value: $750,000

(702) Mr. Antonio Eyma

(301). Ms. Thyra Johnson

* (304) Mrs. Alicia Thompson
‘MACKEY STREET BRANCH

Tel: 242-393-3097

(601) Ms. Cherelle Martinborough
JOHN FE KENNEDY DRIVE BRANCH

Tel:.-242-325-4711 -

(401) Mrs, Renea Walkine
(402) Mrs. Chandra Gilbert
PRINCE CHARLES SHOPPING CENTRE

Tel: 242-393-7505/8
(501) Mr. Keith Lloyd

(505) Ms. Patricia Russell
CABLE BEACH BRANCH

Tel: 242-327-6077

(466) Mrs. Winnifred Roberts
LOAN COLLECTION CENTRE
Tel: 242-502-5170/502-5180

(716) Mrs. Ingrid Simon
(717) Mrs. Nancy Swaby
(723) Ms. Deidre King

RBC > HELPING YOU SUCCEED

bcroyalbank.com/c.

Re OU MUL ene eo

bean/bahamas

FU CINILOR A Rn UROL












(601) Lot #17 located Village Allot-
ment with fourplex,
Appraised value: $500,000

(902) Lot #17 Block 7 in section “A”
of Eleuthera Island Shores Subdi-
vision’ Northwest of Hatchet Bay
containing a 3 bed/2 bath house.
Appraised value: $99,000

| (701) Lot ofland having the number

16 in Block number 16 in Section
Three of the Subdivision called and
known as Sea Breeze Estates situ-

Providence. Property contains a three
bed, two bath residence.
Appraised value: $277,000



(701) Lot of land being lot number

11 in Block number 10 ona plan of

allotments laid out by Village Estates
Limited and filed in the dept of Land
& Surveys as number 142 N..P. and

situated in the Eastern District of

New Providence. Property contains
three bed, two bath residence.
Appraised value: $165,000

(565) Lot # 1018 in Golden Gates
Estates #2 Subdivision situate in the

South Western District of the island of

New Providence Containing a single
storey private residence 3 bedroom
2 bath. Property approx. size 6,000
sqft Building approx size 2,400 sqft
Appraised value: $173,176



(205) Lot B - 50 ft x 115.73 ft situ-
ated 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

(808) Lot # 3 Block 24 in the Cen-
treville Subdivision . Building #109/
Eastern side of Collins Avenue .Com-
prising commercial 2,800 sq ft com-
mercial building.

Appraised value: $582,000

(901) Lot #32 containing 4 bedroom
2bath concrete structure located Tri-
ana Shores Harbour Island, Eleuthera.
Property size 80’ x 120’ x 80’ 120 feet
Appraised value: $332,735

(909) Lot# 22 with (5000 sqft) Crown
, Allotments located Dundas Town,
“Abaco ‘Contaitiing a‘one storey house
with 3'bed/ Il bath -Wooden Struc-
ture. Appraised value? $50,000

‘ (908) Lot#52 Crown Allotments lo-
cated Murphy Town, Abaca. Contain-
ing a one storey house with 3 bed/2

VACANT PROPERTIES

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

(569) Vacant propertylocated in Sub-
division called “Culmerville” being
a portion of Lot #47 and a portion of
Lot #57. Appraised value: $24,000

(569) All that piece parcel or lot of
land situate in the settlement of James
Cistern on the Island of Eleuthera
one of the Islands of the Common-
wealth of the Bahamas measuring
approx 10, 000 sq.ft.

Appraised value TBA

(569) All that piece parcel or lot of
land being Lot No. 102.in the Sub-
division known as “EXUMA HAR-
BOUR’ in the Island of Great Exuma
measuring 10,000 sq.ft. Appraised
value $20,000.00. -

(202) Vacant lot ofland containing
41,164 sqft, Lot#8, Love Estate, Phase
1, 2,300 ft. south of West Bay Street,
Western District, New Providence.
Appraised value $165,000

(202) Vacant lot ofland containing
1.786 acre, situated east of Knowles
Drive, approximately 1,420 ft. south-
ward of Harold Road in the western
district of New Providence, Baha-
mas. Appraised value: $ 170,000

ay Tae Ne

(724) Mrs. Faye Higgs

(725) Ms. Marguerite Johnson
(565) Mrs. Catherine Davis
(569) Mrs. Vanessa Scott
NASSAU INT’L AIRPORT

Tel: 242-377-7179

(433) Mrs. Suzette Hall-Moss
LYFORD CAY BRANCH

Tel: 242-362-4540 or 242-362-4037
(101-N) Mrs. Lindsey Peterson
GOVERNOR’S HARBOUR, ELEUTHERA
Tel: 242-332-2856/8

(902) Ms. Nicole Evans
HARBOURISLAND BRANCH
Tel:242-333-2230

(901) Ms. Velderine Laroda

ANDROS TOWN BRANCH

Tel: 242-368-2071

(400) Mrs. Rose Bethel

MARSH HARBOUR, ABACO

Tel: 242-367-2420





ated in the Eastern District of New




) (902) Lot#30 situated in Love Hill Es-













(501) Property situated on Williams









bath — Concrete Block Structure —
Appraised value: $200,000

(108) Lot#1 Block #6 Winton Heights
Subdivision Easter District, NP. The
property is approximately 14,834
“suqare feet in total. Property con-
tains a house of 2963 sq ft.

Appraised value: $433,000

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

tates just north of Governor's Harbour
containing a 3bed/2 bath residence.
Appraised value $245,154

(902) Lot of land containing 3 bed
/2. bath residence in North Palmetto
Point. Appraised value: $129,000

(101-N)
sqft, 2 bed,1 bath Lot # 3 Block #1
Eastville Subdivision Eastern District,
New Providence.

Appraised value: $65,000

(910) Lot #12 Maderia Park, a small
subdivision on the outskirts of Treas-
ure Cay, Abaco having an area of 9,444
square feet residence containing a
concrete block structure with asphalt
shingle roof comprises of three bed-
rooms, two bathrooms, family room,
living room, dining room, and kitch-
en. Appraised value: $147,000





Lane off Kemp Road, New Providence,
Bahamas containing a two-storey
house and an apartment building
consisting of 1800 sqft. Appraised
value $100,000



(501) All that piece of land being
Parcel #3 and Parcel #4 situated on
the South side of Prince Charles Drive,
New Providence, Bahamas céntain-
ing a commercial building housing
two.shop space on the ground floor
and three shop space on the second

floor with a large storage area in the :

rear. Total area 8400 sqft.
Appraised value: $366,650



(501) All that piece, parcel or land
having an approximate area of 2100
sqft situated on the Western side of

Blue Hill Road about 70 ft North of

Peter Stréet and about 115 ft south
of Laird Street in the Southern Dis-
trict of New Providence, Bahamas
containing:4 commercial building

(501) Vacant property: consisting
of Lot #894 situated in the Freep-
ort Ridge Subdivision, . Section #1,

Freeport, Grand Bahama, Bahamas.

Appraised value: TBA

(501) Ten (10) acres of land situ-
ated on Woods Cay, known as Little
Abaco, between Cooper's Town and’
Cedar Harbour in Abaco, Bahamas.
The property is undeveloped witha
view of the sea from both the North
and South side. Appraised value:
$1,078,750

(569) All that piece parcel or lot of

land.Lot #977, Pinewood Gardens .

Subdivision, Southern District, New
Providence. Appraised value: TBA.

(569) All that piece parcel or lot of

-land being Lot No. 205 in the Sub-

division known as “Dorsettville Sec-
tion 3”, Southern District, New Provi-

- dence. Measuring approx 5,833 sqft.

Appraised value: TBA.

(201) Lot No. 11703 Bahama Sound
Subd. Number 11 West, Great Exuma.
Size: approx. 10,000 sqft.

_ Appraised value: TBA.

(201) LotNo. 11698 Bahama Sound
Subd. #11 West, Great Exuma. Size:
-approx. 10,000sqft.
Appraised value: TBA. _ .
























SingelFamilyResidence-810






















“ Appraised value: $448,645










housing a two bed/one bath unit on
the top floor and a store on the first
floor. Appraised value: $154,000

(501) All that piece parcel or lot of

land being Lot #39 in the Highbury — |

Park Subdivision in the Eastern Dis-
trict of New Providence, Bahamas
containing a 3-bedroom/2-bathroom
house. Appraised value: $131,000



(501) All that piece, parcel or lot
of land situated on Cowpen Road
(1000 ft east of the Faith Avenue Junc-
tion) in the Southern District of New
Providence, Bahamas containing a
duplex apartment comprising of two -'
2-bedroom/1-bathroom apartments.

Appraised value: $150, 000



(802) Developed Lot #4B (0.317
acres), Block 15 Bahamia South
Section IX, Freeport, Grand Baha-
ma.containinga4bed3bathhome -
with a swimming pool and a.2-car :
garage. Appraised value: $450,000 ©.

(201) Lot ofland situated on Fire Trail
Road being a partition of Gladston ~.
Allot #41 New Providence, Bahamas
containing townhouse apartment

. unit and two propased units (com-

pleted as is).

Appraised value: $237, 714—

(800) All that parcel or lot of land
being Lots #10 and 11 in Block 29
of Coconut Grove Subdivision, con-
taining a shopping plaza. The lot is
trapezium in shape, 8,383 square feet.
Appraised value $500,000

(560) Lot ofland #2 Sea View Subdivi-
sion, Russell Island, Spanish Wells.
Property size 11,323 sqft, building size
2236 sqft containing 3 bedrooms, 2
bath, living room, an eat-in kitchen,
dining room, laundry room, covered
porch, a one car garage, and a cov-
ered water tank.

Appraised value: $299,000

(901) Lot #57 block # Trianna Shores
containing 3 bed 2 bath front room,
dining room, & kitchen. Concrete
structure, 1926.40 sq. ft wooden deck
321.60 sq.ft. property-9600 sqft.

(901) Lot “K” Barrack Street, Harbour
Island containing a 2 storey concrete
building with 4 bed 4 bath; dining
room & kitchen ‘puilging 2934.56;
sqft property 6563 sqft: He SNS
Appraised value: $479, 228








(201) Lot No. 10 Southeast. Cor-
ner of Mandarin Drive, SugarApple -
Road, Sans Souci Subdivision. Size: -

14,;368sqft. Appraised value: TBA.

(008) All that piece parcel oflot and
land on the Island of Great Exuma sit-
uated about 10 1/2'miles Northwest-
wardly of George Town which said
piece parcel or lot ofland is#10750
Bahama Sound O.A.E. 10,900 sqft.
Appraised value: $65,000

(008) All that piece parcel or lot
of land designated‘as Lot Number
563 ona plan ofa Subdivision called

*orknownas Bahama Highlands #4.

11,223.41. sqft: Appraised value:
. $87,000 4

(008) All that piece parcel or lotland
being Lot # 12032 in the Bahama
Sound ‘ of ‘Exuma. Subdivision #
11 West, Great Exuma, Bahamas.
Appraised value: $224,000

(008). Aparcel ofland situate about
the'eastern portion of The Forest
Estate in the vicinity of the settle:

‘| ments of Southside and The Forest

being Lot #4803 in Bahama Sound

| of Exuma.6, Exuma The Bahamas.

Appraised value $25,000



(909) Mrs. Sylvia Poitier
(910) Miss Cyprianna Williams
BIMINI BRANCH
Tel:242-347-3031.

(105) Miss: Ganiatu Tinubu
GRAY’S, LONG ISLAND

Tel: 242-337-0101

(100) Mrs. Lucy Wells
EXUMA BRANCH

Tel: 242-336-3251 ©

(008) Ms. Jocyelyn: Mackey
FREEPORT, MAIN BRANCH
Tel: 242-352-6631/2

(101-F) Ms. Garnell Frith

(102) Ms. Elaine Collie

(908) Mrs. Joyce Riviere

(103) Mrs. Damita Newbold-Cartwright
(108) Ms. Sylvie Carey

SPANISH WELLS

Tel: 242-333-4131 or

242-333-4145

(560) Mr. Walter Carey

RBC
Royal Bank

RBC} of Canada

rte ann































































PAGE 6B, MONDAY, FEBRUARY 2, 2009

UNITED WORLD
COLLEGES

United World Colleges makes education a force to unite people, nations
and cultures for peace and a sustainable future.

The United World Colleges Naticnal Committee began selecting Bahamian scholars in 1977, and since then,
78 Bahamians have graduated from the United World Colleges.

United World Colleges is unique. it is the only global educational movement thai brings together stucents
from all over the worid ~ selected on personal merit, irrespective of race, religion, and politics ~ with the
explicit aim of fostering peace and international understanding. High academic standards, a strong
amphasis on community service and a wide range of cultural and outdoor activities are all part of the
cha#lenge and excitement of a United World Colleges education. More info: hitp/Ayww.uwe.org/

The United World Colleges is a 2 year program. Students study the International Baccalaureate, a pre-
University qualification, which is recognized by Universities globally.

iudents are invited tc apply for the following scholarships:
Scholarship

{. Lester 8. Pearson United World College, Sentember 2009 100%

2. United World Col rege of South Africa, January 2010

3. Armand Hammer UWC of the ‘icatea West, Sentember 2009

. United World College of the Atlantic, Wales, September 2009
. United World College of Costa Rica, September 2009

_ LiPo Chun United World College, Hong Kang, September 2009

Admission Qualifications:
1. Applicants must be Bahamian
2. Applicants must havé the minimum of aBtaverage °
3: “Applicants must not be older than 18 years in September 2009

Applications may be downloaded from the internet at: biipy/wwn-bahamas-uwe.org/

The deadline for applications is February 12th, 2008.
Interviews will take place on February 24st & 22" 2008,



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THE TRIBUNE

Minister to meet

FROM page 2B

estate market.

“This reduction in value has
resulted in [CLICO Bahamas]
management considering the
possibility of impairment of the
loan,” Deloitte & Touche
(Bahamas) wrote in its audit
report.

“Although the market forecast
for Florida shows recovery of the
real estate market in 2008, man-
agement obtained a guarantee
from C L Financial (CLICO
Bahamas ultimate parent),
whereby C L Financial states that
it will honour the obligations of
CLICO Enterprises to the com-
pany if the need arises. As such,
no provision | has been made for
impairment.”

Needless to say, the anticipat- .

ed Florida real estate market
recovery has not taken place, and
may not do so for some years to
come.

Under the loan agreement,
CLICO Enterprises pays an
interest rate of 12 per cent to
CLICO (Bahamas). In 2007, the
latter received $9.508 million in
interest payments on the loan.

When Tribune Business raised
the issue of the $57 million loan,
the fact it accounted for 59 per
cent of CLICO (Bahamas)
assets, the Florida real estate
investment ‘and CL Financial’s

woes, Mr Laing acknowledged

“these are some of the issues)’. ©

he and the Registrar would be
discussing next week. |

Mr McCartney also confirmed
to Tribune Business that regula-
tors had not taken over the
Bahamian company, as many
had feared. “That’s not the case.
We have not gone into CLICO
Bahamas,” the Regisinay of
Insurance said.

“But we have had, and are
having, discussions with them —
major discussions with them —
since late 2008, with regard to
their current financial position.
We do have a meeting with them
next week. That meeting was
originally scheduled for this [last]
week, but had to be put back to
[this] week.” .

Mr McCartney said he was just
familiarizing himself with ‘latest
developments in Trinidad when
Tribune Business called.

As for their impact on the
Bahamian situation, the Regis-
trar said: “We will certainly
assess what has happened in

Trinidad, and determine where «

we go from there. It may or may
not require us to do something
specific to the local entity.”

Mr McCartney pointed out

that CLICO (Bahamas) was

incorporated as a Bahamian sub-
sidiary, ‘not a branch, of CL
Financial, which insulated it from

NOTICE |
ESTATES OF THE LATE
BERLIN WILBERT KEY

_ NOTICE is hereby given that all persons having
claims or demands against the above-named Estate
are requested to send the same duly certified to the
undersigned on or before the 19th day of February, A. D.;

2009.

AND NOTICE is hereby also given that at the

expiration of the time above-metioned, the assets of the ,
deceased will be distributed among the persons entitled
thereto having reguard only to the claims, of which the
Executors shall then have had notice.

GRAHAM, THOMPSON & CO.
Sasson House,
Victoria Avenue & Shirley Street,
Nassau, Bahamas
Attomeys forthe Executors __



requested
“==(Bahamas) lodgé $57 million i
an. escrow account in the

the direct impact of its parent’s
travails “to some extent”. How-
ever, it was still part of the same
organisation. |

When asked exactly how con-
cerned the Registrar of Insur-
ance’s Office was about CLICO
(Bahamas) financial position, Mr
McCartney replied: “I do not
wish at this time to characterize a
level of concern. As the minis-
ter indicated, we are meeting
with them [this] week, and have
been meeting and discussing with
them on a regular basis for a
number of months.

“We would have a formal
response a bit later, once we have
made our assessment of the situ-
ation. I would not wish to make
comments without looking at the
situation and doing some analy-
sis.”

In an interview last year,
Karen Gardier, CLICO
(Bahamas) chief financial offi-
cer, explained that the invest-
ment in CLICO Enterprises, and

‘subsequent Florida real estate’

acquisition, was made-using US
dollar-denominated ° assets
obtained by a CL Financial sub-
sidiary in another Caribbean ter-
ritory, with the Bahamian oper
ation effectively acting as a “pass-
through” entity for the develop-
ment.

However, insurance industry
sources said Mr McCartney and
the Registrar’s Office had been
concerned about CLICO
(Bahamas) situation for some
time, and had taken their main
comfort from the parent’s guar-
antee and seemingly deep pock-
ets — a situation that has now
changed beyond all recognition.

: Tribune Business itself last
year pointed. out that it was high-
ly unusual for life and health
insurance companies to have
such a heavy concentration of
their investment assets in just one
loan, as they usually make mul-
tiple investments to diversify and
spread risk.

Several Bahamian insurance
industry sources at the time ques-
tioned whether the regulators
were looking at the CLICO
(Bahamas) situation, arguing that
they should be “concerned”
about the company’s potential-
ly high exposure to just one asset
that appeared to be depreciating
in value.

Some suggested the Bahamian
authorities should then have
that .CLICO

PUBLIC NOTICE.

Effective February 3rd2009, The Bridge Authority will eliminate

- tokens as a part of our cash collection process. This change will
better assist all patrons utilizing the western bridge in accessing
Paradise Island. To improve traffic flow, we are phasing out the
coin machines and converting to a coinless toll coneraon system.

All Transponder and Smartcard device customers will continue

' to. operate as usual.

1 To significantly reduce the waiting une and ensure a continuous ~
smooth flow of traffic, the following measures veh be

implemented:

(1) Toll aperatores in Lanes 1, 2 and 3 will have change for
‘ small bills ONLY. You are required to have Exact Toll.

(2) Smartcard users will no longer have access to Lane 4;
Only Lanes 1, 2, and 3.

(3) All P.I. Residents and other transponder users are
encouraged to use the designated Lane 4 which remains
a cashless Lane.

(4) Frequent patrons are encouraged to apply for a
transponder ora Smart Card.

During this transitional process, installation and testing/will be
implemented Lane by Lane which may result in lane down-time.

However, as far as practical, all traffic lanes will te fully
operational during peak traffic hours (6am to9am and Pea to

6 pi).

We thank you for your cooperation and patience and apologize
for any inconvenience caused during this time.





THE TRIBUNE

WEN EMEA bh ELPA ey Cy re



Ne aes
CLICO on ‘financial position’ fears

Bahamas to underpin its guaran-
tee pledge.

Last week, several insurance
industry sources told Tribune
Business that CLICO (Bahamas)
had been aggressively marketing
and selling its annuity products
(which offer lump sum payouts
when their terms expire) to the
Bahamian public, seeking to
attract new business by offering
“above market” interest rates of
return.

However, one source said the
regulators were now “on top of
the situation” surrounding CLI-
CO (Bahamas), and added: “I
know the Government is ageres-
sively pushing for a solution”.
Hence Mr Laing’s involvement.

The involvement of the
Bahamian government and
financial sector regulators will
now be key in protecting the
interests of CLICO (Bahamas)
life insurance policyholders and
annuity holders, given that this
nation is likely to figure low on
the Trinidadian government’s list
of priorities.

“I can’t see why they would
bail that out,” one source said of

the Trinidad government’s likely
attitude towards CLICO
(Bahamas). “Trinidadians are
not invested in it. It’s a Bahami-
an problem, and Bahamians

‘might get hurt.”

On Friday, the Trinidad gov-
ernment took control of the
assets and liabilities owned by
several CL Financial-owned
companies, including Colonial
Life Insurance Company, Clico
Investment Bank (CIB) and
Caribbean Money Market Bro-
kers (CMMB).

Ewart Williams, governor of:

the Trinidad Central Bank, said
the action was taken to protect
the interests of depositors and
creditors, due to severe liquidity
problems that were being expe-

rienced by key CL Financial sub-

sidiaries. In addition, the regu-

lators wanted to ward off the pos-

sibility of any systemic risk from
a group whose assets were equiv-

’ alent to one-quarter of Trinidad’s

per annum gross domestic prod-
uct (GDP).

CL Financial holds over $100
billion in assets in 28 companies,
local, regional and internation-

al. The sectors involved include
banking and financial services,
energy, real estate and manufac-
turing and distribution.

While many had attributed CL
Financial’s woes to substantial
declines in real estate and
methanol prices, Mr Williams
said other factors were in play.

He explained: “Excessive relat- -

ed-party transactions, which car-
ry significant contagion risks. I
should note that the high level
of concentration is not specifi-

cally prohibited by the Diesen

legislation.
“An aggressive high interest

rate resource mobilization strat-...

egy to finance equally high risk
investments, much of:which are
in illiquid assets (including real
estate both in Trinidad and
Tobago and abroad),

“A very high leveraging of the
group’s assets, which constrains
the potential amount of cash that
could be raised from the asset
sales.”

In a statement to sharehold-
ers, CLICO (Bahamas) chair-
man, A A Duprey, said the
Bahamian operation generated

WU

Commercial Building Ae
‘Known as Lees Carpet Building - Shirley Street, Nassau

Gross Floor Area
11,278 sq. ft.

Site Area
18,756 sq. ft.

Located in the
Vicinity of
Harbour Bay
Shopping Centre

Interested persons should submit offers in writing addressed to:
The Manager, Credit Risk Management,

P.O. Box N-7518,
Nassau, The Bahamas

© to reach us on or before February 12, 2009
For further information, please contact: 356-1 608; 356-1 685 or 502-0929



- Tradelnvest Asset saraerien Ltd.

A private wealth management company.
is currently seeking a qualified, energetic and confident

Ideal applicant will:

_ individual for the position of

e Possess LLB or other law degree.

TRUST PROFESSIONAL

-« Have approximately 3-5 years experience in finaicial services in the areas of trust,

banking and i investments. *

e Have the ability to review sometimes complex legal documents relat ing to special projects

and to confidently communicate with overseas legal and tax advisors on the same.

9 Be a seasoned professional who is capable of leading a project and coordinating its

various parts.

¢ Be capable of understanding and administering complex fiduciary structures,

¢ Be comfortable in reviewing financial statements, and have a basic understanding of

investment and financial transactions.

e Have a full understand ing of corporate structures and the responsibilities of Directors and

corporate formalities.

¢ Have the ability to work under pressure and without constant supervision.

e Have uncompromising personal and business ethics,

Successful candidate will work directly with Senior Management in the administration of
complex private fiduciary arrangements, Responsibilities include regular contact’ with
overseas affiliates, associated trust, banking and investment professionals, as well as legal

counsel and advisors.

Applicants shoul submit a cover liter and resume no 0 later than Friday, February 13, 2009 as

‘follows:

The: President

a $672,125 net profit for the
financial year to end-2007, a 55
per cent rise over 2006.

The company’s premium
income increased by 40 per cent

during the 12 months to year-
end December 2007, driven by a
110 per cent increase in its annu-
ity line to $31.196 million.
Policyholder benefits paid out

by the life and health insurer rose
by 31 per cent, while operating
costs dropped by 17 per cent.

CLICO (Bahamas) now employs

between 100-124 staff.

MINISTRY OF WORKS & TRANSPORT
Road Traffic Po aumieat

PUBLIC NOTICE

The Road Traffic Department is pleased to remind the general public of the
established protocol for the inspection and Lacensing of Company. Vehicles.

The month of March is traditionally companies’ registration month at the Road
Traffic Department. In an effort to expedite and ensure a smooth registration
procees the department advises that it will commence registration February 2,
2009. All companies with a fleet of five (5) or more vehicles are encourage to
prepare and submit the required documents to the Account Unit of the Road
Traffic Department to ensure an appointment for Inspection. The department
further wishes to advise ‘that applications will be processed on first come, first

serve basis

The following documents are required:-

(1) Cover note stating the Mike. Model, Year, and Serial auniber
(2) Total number of all vehicles to be licensed
(3) A copy of the disc for each vehicle.

(4) Original certificate of insurance (no copies will be » ace epted).

(5) Special Permit Letter (Ministry of Works) for all Miscellaneous

Vehicles.

Please note that payments can be made in the form of:

. Certfied Cheque - made payable to Public Tey.
i abaahately no personal cheques) .
il. Visa/Master Card

ul. Suncard



“except red tagged a net ites

F500

Selected
clearance items.

Tradelnvest Asset Management Ltd,
either by private facsimile (242) 702-2040

or by mail as follows:
LYFORD MANOR, WEST BUILDING
~ LYFORD CAY ~ P,0,BOX N7776 (Slot 193) ~ NASSAU, N.P,, THE BAHAMAS
Telephone (242) 702-2000 ~ Facsimile (242) 702-2002



1) ae

Mall at Marathon

Monday-Friday 9:00am-8:00pm

Saturday A O0am-9:00pm
unday se

www. Rapa Res rela)

Sale dates:

Jan 29th - Feb 2nd, 2009 Aik FE 393-4002

Fax: (242) 393-4096





PAGE 8B, MONDAY, FEBRUARY 2, 2009
GN-818



SUPREME
COURT

PROBATE DIVISION
5TH, FEBRUARY, 2009

2008/PRO/NPR/00807 .

IN THE ESTATE OF JOZEF SPIRA (a.k.a. JOSEF
SPIRA), late and domiciled of 59A, Oakwood Court,
W14 England in,the United Kingdom), deceased.

NOTICE is hereby given that after the expiration of
fourteen days from the date hereof, application will be
made to the Supreme Court of The Bahamas in the
Probate Division by SAMANTHA M. WILLIAMS, of
the Western District, New Providence, one of the Islands

_ of the Commonwealth of The Bahamas, Attorney-At-
Law, the Authorized Attorney in The Bahamas for
obtaining the Resealing of Grant of Probate in the above
estate granted to MICHAEL SPIRA, the Personal

_ Representative of the Estate, in the High Court of Justice,

- The Principal Registry of the Family Division on the
18th day of July, 1995.

DESIREE ROBINSON
(for) REGISTRAR

COMMONWEALTH OF THE BAHAMAS
THE SUPREME COURT

PROBATE DIVISION

5TH FEBRUARY, 2009

No. 2009/PRO/NPR/00025

_ Whereas THOMAS A.A, CLEARE, JR., of Joe
Farrington Road, Eastern District, New Providence, one

of the Islands of the Commonwealth of The Bahamas,.

has made application to the Supreme Court of The
Bahamas, for Letters of Administration of the Real and
Personal Estate of THOMAS ALLISON AUGUSTUS
CLEARE, late of Joe Farrington Road, Eastern District,
New Providence, one of the Islands of the Commonwealth
of The Bahamas, deceased

Notice is hereby given that such applications will be
heard by the said Court at the expiration of 14 days from
the date hereof.

DESIREE ROBINSON
(for) REGISTRAR

‘COMMONWEALTH OF THE BAHAMAS -

THE SUPREME COURT

PROBATE DIVISION |-

5TH, FEBRUARY, 2009
No. 2009/PRO/NPR/00026

Whereas ALEXANDER EDWARD WOODSIDE, of
Trinidad Avenue, Elizabeth Estates, Eastern District,
New Providence, one of the Islands of the Commonwealth
of The Bahamas, has made application to the Supreme
Court of The Bahamas, for Letters of Administration of
the Real and Personal Estate of CAROLINE
WOODSIDE, late of Trinidad Avenue, Elizabeth Estates,

Eastern District, New Providence, one of the Islands of ©

the Commonwealth of The Bahamas, deceased.

Notice is hereby. given. that such applications will be
heard by the said Court at the expiration of 14 days from
the date hereof.

DESIREE ROBINSON
(for Registrar

~ COMMONWEALTH OF THE BAHAMAS
THE SUPREME COURT

PROBATE DIVISION

_ 5TH FEBRUARY, 2009

No. 2009/PRO/00027 ~

Whereas MARVIN JAMES MACKEY, of Rolle.

Avenue, New Providence and BARON HUDEN
MACKEY of Florida both of the Islands of the
, Commonwealth of The Bahamas, has made application
to the Supreme Court of The Bahamas, for Letters of
Administration of the Real and Personal Estate of JAMES
HUDEN MACKEY a.k.a. JAMES MACKRY a.k.a.
JAMES HUDON MACKEY, late of Fox Hill Road,
- South Eastern, District, New Providence, one of the
Islands of the Commonwealth of The Bahamas, deceased.

Notice is hereby given that such applications will be
heard by the said Court at the expiration of 14 days from
’ the date hereof

DESIREE ROBINSON
(for) Registrar



COMMONWEALTH OF THE BAHAMAS
THE SUPREME COURT

PROBATE DIVISION

5TH FEBRUARY, 2009

No. 2009/PRO/00028

Whereas CHANELL ROKER, of Sir Lynden Pindling
Estates, Nassau Village, Eastern District, New Providence,
one of the Islands of the Commonwealth of The Bahamas,
has made application to the Supreme Court of The
Bahamas, for Letters of Administration of the Real and
Personal Estate of GLENROY HOWARD, late of Sir
Lynden Pindling Estates, Nassau Village, Eastern District,
New Providence, one of the Islands of the Commonwealth
of The Bahamas, deceased.

Notice is hereby given that such applications will be

heard by the said Court at the expiration of 14 days from

the date hereof.

DESIREE ROBINSON
(for) Registrar

COMMONWEALTH OF THE BAHAMAS
THE SUPREME COURT
PROBATE DIVISION

5TH, FEBRUARY, 2009 .

2009/PRO/NPR/00030

IN THE ESTATE OF DOROTHY RITA, late of 3300
N. Milwaukee Avenue, Northbrook in the State of Illinois,
one of the States of the United States of America,
deceased.

NOTICE is hereby given that after the expiration of ©

fourteen days from the date hereof, application will be
made to the Supreme Court of The Bahamas in the
Probate Division by MONIQUE V. A. GOMEZ of the
Western District of the Island of New Providence, one
of the Islands of the Commonwealth of The Bahamas,
Attorney-At-Law, the Authorized Attorney in The

Bahamas for obtaining the resealed Order Admitting
-Will to Probate and Appointing Representative in the

above estate granted to FRANK J. CALLERO and
ROBERT M. CALLERO the Independent Co-Executors
of the Estate, by the Circuit Court of Cook County,
Illinois, County Department, Probate Division, on the
Sth day of January, 2005.

NICOYA NEILLY
(for) REGISTRAR

COMMONWEALTH OF THE BAHAMAS
THE SUPREME COURT
PROBATE DIVISION

| 5TH FEBRUARY, 2009:

No. 2009/PRO/N PR/00031

Whereas OLAMAE T AYLOR of NG: i Petvall Tract

in the Western District of the Island of New Providence,

one of the Islands of the Commonwealth of The Bahamas
has made application to the Supreme Court of The
Bahamas, for letters of administration of the Real and
Personal Estate of JAMES ROBERT TAYLOR late of
No.7 Perpall Tract in the Western District of the Island
of New Providence, one of the Islands of the
Commonwealth of The Bahamas, deceased.

Notice is hereby given that such applications will be
heard by the said Court at the expiration of 14 days from
the date hereof.

NICOYA NEILLY
(for) Registrar

PROBATE DIVISION
5TH FEBRUARY, 2009

2009/PRO/NPR/00036

IN THE ESTATE OF CHARLES G. MORETTO, late
and domiciled of Broward County in the State of Florida,
one ofthe States ofthe United States of America, deceased.

NOTICE is hereby given that after the expiration of
fourteen days [Tom the date hereof, application will be
made to the Supreme Court of The Bahamas in the
Probate Division by CONSTANCE E. MCDONALD,

of Fortune Village, Freeport, Grand Bahama, one of the
Islands of the Commonwealth of The Bahamas, Attorney-
At-Law, the Authorized Attorney in The Bahamas for

obtaining’ the Resealing of Grant of Administration in

the above estate granted to CHRISTINE MACHUGH,
the Personal Representative of the Estate, in the Circuit
Court. For Broward County, in.the state of Florida, Probate
Division on the 16th day of January, 2004.

DESIREE ROBINSON
(for) REGISTRAR

PROBATE DIVISION
5TH FEBRUARY, 2009

2009/PRO/NPR/00037
IN THE ESTATE OF WARD STOUTENBURG

EVANS, late and domiciled of Flat No. 11, Jocyn Court,
Rochester Road, Bantry Bay, South Africa, deceased.

NOTICE is hereby given that after the expiration of

fourteen days from the date hereof, application will be
made to the Supreme Court of The Bahamas in the
Probate Division by PAMELA LAVERN KLONARIS
and MIKE ANTHONY KLONARIS, both of the



THE TRIBUNE

Western District, New Providence, one of the Islands of ©
the Commonwealth of The Bahamas, Attorney-At-Law,

_ the Authorized Attorney in The Bahamas for obtaining

the Resealing of the Certificate of Appointment of Estate

’ Trustee with a Will in the above estate granted to MARY

JANE MCKINNON, the Personal Representative of
the Estate, in the Superior Court of Justice on the 8th
day of July, 2008.

DESIREE ROBINSON
(for) REGISTRAR

PROBATE DIVISION
5TH FEBRUARY, 2009

2009/PRO/NPR/00038 \

IN THE ESTATE OF SADIE LEE TAYLOR, late and
domiciled 0f2554 N. 28th Street in the City of Milwaukee
in the county of Milwaukee in the State of Wisconsin,

one of the States of the United States of America,

deceased.

NOTICE is hereby given that after the expiration of
fourteen days from the date hereof, application will be
made to the Supreme Court of The Bahamas in the:
Probate Division by EARL A. CASH, of the Western
District, New Providence, one of the Islands of the

Commonwealth of The Bahamas, Attorney-At-Law, the - |

Authorized Attorney'in The Bahamas for obtaining the
Resealing Grant of Domiciliary Letters in the above
estate granted to RUTH MCDOWELL, the Personal
Representative of the Estate, in the State of Wisconsin,
Circuit Court, Milwaukee County on the 18th day of

. November, 2008.

DESIREE ROBINSON
(for) REGISTRAR

PROBATE DIVISION
STH FEBRUARY, 2009

2009/PRO/NPR/00039

IN THE ESTATE OF AUDREY VERA HODGSON,
late and domiciled of 38 East Avenue, Riverview Park,
Althorne, Chelmsford Essex in the United Kingdom,
deceased.

NOTICE is hereby given that after the expiration of
fourteen days from the date hereof, application will be
made to the Supreme Court of The Bahamas in the
Probate Division by MELISSA L. SELVER-ROLLE,
of the Western District, New Providence, one of the
Islands of the Commonwealth of The Bahamas, Attorney-

: At-Law, the Authorized Attorney in The Bahamas for
. obtaining the Resealing of The Grant of Probate in the
“above'estate granted to FAY GEORGINA MORRIS,
' ‘the Personal Representative of the Estate, in the High

Court of Justice, The District Probate Registry at Ipswich
on the 28th day of April, 2008.

DESIREE ROBINSON
(for) REGISTRAR

COMMONWEALTH OF THE BAHAMAS
THE SUPREME COURT

PROBATE DIVISION

5TH FEBRUARY, 2009

No. 2009/PRO/NPR00040

Whereas MICHAEL GEORGE HIGGS II, of New
Providence, one of the Islands of the Commonwealth |
of The Bahamas; has made application to the Supreme
Court of The Bahamas, for Letters of Administration of
the Real and Personal Estate of MICHAEL GEORGE

HIGGS I, late of New Providence, one of the Islands

of the Commonwealth of The Bahamas, deceased.

Notice is hereby given tliat such applications will be
heard by the said Court at the expiration of 14 days from

‘the date hereof.

DESIREE ROBINSON
(for) Registrar

COMMONWEALTH OF THE BAHAMAS
THE SUPREME COURT

PROBATE DIVISION

5TH FEBRUARY, 2009

No. 2009/PRO/NPR/00041

Whereas ADAM D.R. CARRERATA, of Poinciana
Drive, in the City of Freeport, Grand Bahama, one of
the Islands of the Commonwealth of The Bahamas,
Attorney by Deed of Power of Attorney for CAROLE
ARTERBERY, the Daughter has made application to
the Supreme Court of The Bahamas, for Letters of
Administration of the Real and Personal Estateof JANE
C. EDMUNDS, late of 241 State Road in tle City of
Eliot in the County of York in the State of Maire, U.S.A,
deceased.

Notice is hereby given that such applicatiols will be
heard by the said Court at the expiration of 14days from
the date hereof.

DESIREE ROBINSON
(for) Registrar



THE TRIBUNE

MONDAY, FEBRUARY 2, 2009, PAGE 9B



GN-818



SUPREME
COURT

COMMONWEALTH OF THE BAHAMAS
THE SUPREME COURT

PROBATE DIVISION

5TH FEBRUARY, 2009

No. 2009/PRO/NPR/00042

Whereas WARREN SCOTT WARD, of Winton Highway off
the Eastern Road, Eastern District, New Providence, one. of the
Islands of the Commonwealth of The Bahamas, Attorney by
Deed of Power of Attorney for Yvon Senecal, the Executor of
the deceased has made application to the Supreme Court of The
Bahamas, for Letters of Administration with the Will annexed
of the Real and Personal Estate of CLAUDE SENECAL a.k.a.
CLAUDE JOSEPH HENRI SENECAL late of the City of
Montreal in the Province of Quebec in the Dominion of Canada,
deceased.

Notice j is Hie), given that such applications will be heard by
the said Court at the expiration of 14 days from date hereof.

DESIREE ROBINSON
(for) Registrar



COMMONWEALTH OF THE BAHAMAS
THE SUPREME COURT

PROBATE DIVISION

5TH FEBRUARY, 2009

No. 2009/PRO/NPR/00044

Whereas DOUGLAS BURROWS, of Golden Gates #2, Western
District, New Providence, one of the Islands of the
Commonwealth of The Bahamas, has made application to the
Supreme Court of The Bahamas, for Letters of Administration
of the Real and Personal Estate of VELERIA MINLEY
BURROWS, late of Jackfish Drive, Golden Gates #2, Western
District, New Providence, one of the Islands of the
Commonwealth of The Bahamas, deceased:

Notice is hereby given that such applications will be heard by
the said Court at the expiration of 14 days from the date hereof.

DESIREE ROBINSON
(for) Registrar

COMMONWEALTH OF THE BAHAMAS

THE SUPREME COURT
- PROBATE DIVISION -

5TH FEBRUARY, 2009
No. 2009/PRO/NPR/00045

Whereas BERTHA MAE COOPER-ROUSSEAU, of Trinity
Place off Frederick Street in the City of Nassau, on the Island
of New Providence, one of the Islands of the Commonwealth
of The Bahamas, Attorney by Deed of Power of Attorney for
the Legal Heirs of the deceased has made application to the
Supreme Court of The Bahamas, for Letters of Administration
of the Real and Personal Estate of DR. STEFAN JOHANNES
SANDKUHLER, late of the a ofN eee in the Republic
of Germany, decehsed:

Notice is hereby given that such applications will be heard by
the said Court at the expiration of 14 days from the date hereof

DESTIREE ROBINSON
(for) Registrar



Airport finance
completion held
up by ratings

FROM. page 1B

up, it was now awaiting the
completion of a review by Fitch,
the credit rating agency, which
would be critical in determin-
ing subsequent interest pay-
ments to investors.

“We have the financing pack-
age together, but had to go back
to the rating agency to review it
again,” Mr Watson told Tribune
Business. “We’re waiting for
their response. We hope we’ll
hear from them next [this]
week. It affects the interest rate
we have to pay.”

_NAD, which operates the air-
port under a 30-year lease, and
the Airport Authority are -hop-
ing for at least a ‘BBB’ invest-
ment grade rating from Fitch.

Such ratings effectively mea-
sure the creditworthiness of a
borrower, and their ability to
repay investors’ principal that
was originally loaned to them.

Lower

The lower the rating from an
agency such as Fitch, the less
confidence there is in a bor-
rower’s ability to repay the orig-
inal principal and meet interest
payments. As a result, investors
will demand a higher interest
rate to compensate them appro-
priately for the perceived

_greater risk they are taking by

lending to a borrower with a
low credit rating. °

NAD is proposing to pay
investors in its $90 million
senior secured bond facility,

Legal Notice

NOTICE
MARATHON INVESTMENT

HOLDINGS LIMITED
(In Voluntary Liquidation)

Notice is hereby given that the above-named
Company is in dissolution, which commenced on

the 29th day of December 2008. The Liquidator
is Argosa Corp. Inc., P. O. Box N-7757 Nassau,

Bahamas.

weoyARGOSA.CORR.ING:
‘ (Liquidator)’: ; ‘





Ministry Of Public
Works and Transport



REMINDER NOTICE

Completion of the New Providence Road
Improvement Project (CNPRIP): Road works for
Corridor 5 and 18 (Bethel Avenue Extension
between John F. Kennedy Drive and West Bay
Street at Saunders Beach)

The Government of the Commonwealth of The
Bahamas has awarded a contract to complete the
_ proposed road works on corridor 5 and 18, to
facilitate the Bethel Avenue Extension between
- John F. Kennedy Drive and West vay Street at

Saunders Beach.

Notice of commencement of the works'as of 5th,
January 2009 was issued to the contractor; Jose
Cartellone Construcciones Civiles of Argentina.

Proposed works include; construction of a two
(2) lane carriage between John F. Kennedy Drive
and West Bay Street; local realignment of West
Bay Street by Saunders Beach to accommodate

beach parking.

The plan and scheme of the works are available
for public inspection at the following government
offices during the hours of 9am to 5pm.

The Project Execution Unit, Second Floor, north
wing, The Ministry of Public Works and transport,

John F. Kennedy Drive.

For further details, please contact the Project
Engineer; Mr Francis Clarke at 302-9538.



pitched to both local and inter-
national markets via Bahamian
and US-dollar denominated

. securities, a fixed interest rate of

8 per cent over a 23-year period.
When asked whether NAD
and the Airport Authority had
any contingencies in place in
case the hoped-for Fitch rating
did not materialize, Mr Watson
said: “We are not looking
beyond that point right now.”

He added of the overall
finance-raising effort, which was
due to close at the end of last
week: “It’s taken a little longer
[than we thought] and the nexus
is a bit different, but we got the
package together.

“Once we get beyond this
particular point in time, I don’t
see any difficulties after that.
This is the most critical period
right now.”

The Government has already
had to effectively underwrite
NAD’s financing, something it
had originally hoped not to do,
after global financial markets
went south as a result of the
credit crunch and downturn in
the real economy.

It will finance some $50 mil-
lion of the $80 million partici-
pating debt facility, which will
be used to reschedule
NAD/Airport Authority’s exist-
ing debt. Rescheduling that
debt was a condition precedent
to closing the other two financ- .
ing layers — the $140 million
bank debt, and $90 million
worth of bonds. It is those
bonds that will be rated by
Fitch.

Mr Watson told Tribune
Business of the Fitch rating:
“Once that happens, we are
ready to roll, so hopefully we'll

3 be'able:to: anhouncemext Week
apo when wet berreadyito start
> [construction]:.We areloing the

preparatory: work as we speak,
but we’re not going so far for-
ward that we can’t pull back.”

The Airport Authority chair-
man said that construction on
the $410 million Lynden Pin-
dling International Airport
(LPIA) redevelopment would
start ‘ ‘probably in the second
quarter” this year, the first pro-
ject being the construction of a
new US departure terminal on -
land next to the existing struc-
ture.

Meanwhile, Mr Watson said _
existing facilities at LPIA were
near to ) running out of space to
accommodate all the retail ten-

-ants they had newly agreed

terms with. “We’re waiting for
the removal of the second
checkpoint (upstairs in the US
departure terminal) so that we
can accommodate some of
those.we have approved,” he
explained. .

“We're waiting very patiently
for the Transportation and
Security Administration to
come in and carry out their
inspection. We’re hoping it’s in
the next several weeks: certain-
ly in February.

Mr Watson praised NAD’s
management firm, Vancouver
Airport Services (YVRAS), for
its performance to date, and
reiterated theirs and the Air-
port Authority's ambition to
create a destination that was
“very attractive and very com-
fortable” for Bahamians and
tourists alike.

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

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







PAGE 10B, MONDAY, FEBRUARY 2, 2009

THE TRIBUNE



ae a
Americans saving more, spending less

fi By MARTIN
CRUTSINGER
AP Economics Writer

WASHINGTON (AP) —
Americans are hunkering down
and saving more. For a reces-
sion-battered economy, it could-
n't be happening at a worse
time.

Economists call it the "para-
dox of thrift." What's good for
individuals — spending less,
saving more — is bad for the
economy when everyone does
it.

On Friday, the government
reported Americans’ savings
rate, rose to 2.9 per cent in the
last three months of 2008.
That's up sharply from 1.2 per
cent in the third quarter and
less than one per cent a year
ago.

Rate

Like a teeter-totter, when the
savings rate rises, spending falls.
The latter accounts for about
70 per cent of economic activity.
When consumers refuse to

NOTICE
ESTATEOF —C
HORST WILLIBALD PIRKER

Notice is hereby given that all persons having any
claims or demands against the above-named Estate
are requested to send the same duly certified

to the undersigned on or before Friday the 1st
day of May, A.D. 2009, and Notice is hereby also
given that at the expiration of the time mentioned

above, the assets of the late HORST WILLIBALD
PIRKER late of Pelligrini 936, Post Code 5186, Alta
Gracia, Cordoba, Republic of Argentina,

will be distributed amongst the persons entitled
thereto having regard only to the claims of
which Notice shall have been received by the

undersigned.

Claims against the Estate of the above-named

individual may be sent to:-

The Manager UBS ane) Ltd.,

UBS House,

East Bay Street,
P.O. Box N-7757,
Nassau, Bahamas



spend, companies cut back, lay-
offs rise, people pinch pennies
even more and the recession
deepens.

The downward spiral has
hammered the retail and man-
ufacturing industries. For years,
stores enjoyed boom times as
shoppers splurged on TVs, fan-
cy kitchen decor and clothes.
Suddenly, frugality is in style.

Grace Case, 38, of Syracuse,
N.Y., is a self-described recov-
ering creditaholic. For 13 years,
she charged it all — cars,
clothes, repairs, vacations. She'd
make only the minimum card
payments to sustain her buying
spree for her and her family,
which includes her husband and
two children.

But after being laid off two
years ago from her job as an
accountant, she landed another
accounting job that cut her
salary from $60,000 to $40,000.
It was impossible to meet mini-
mum payments on her card bal-
ances.

Now, the Cases are on a strict

_ budget. They take "stayca-

tions," grow their own vegeta-
bles, buy only used cars and
pre-pay cell phones. Case hasn't
used a credit card in two years.
And she's saving more.

"It's really a liberating feel-
ing," she said. "If you want
something, you have to have
the money for it."

Many economists think the
savings rate will keep rising,
perhaps as high as six per cent

‘ or more.

So where's the money going?
To savings accounts? To debt
reduction?

No one knows for sure. But
Robert Frank, Cornell Univer-
sity economist, says it doesn't
much matter.

"For economic purposes, pay-
ing off debt and saving are the
same," he said. "Incurring debt
is negative savings; paying down
debt is savings."

He sees a long-term behav-
ioral shift. He calls the spending
of the past decade or more
unsustainable.

"The only way people were
able to (spend heavily) was by
harvesting cash out of their
home equity, which was just an
illusion," Frank said.

The ripple effect has been
brutal. The economy shrank at

Public Utilities Commission

EXCELLENT JOB OPPORTUNITY

CLERK/TYPIST

The Public Utilities Commission (PUC) is’Seeking a suitably qualified individual to
fill the vacant position of Clerk/Typist. The specific duties of the post will
include management of the Central Filing System, Records Management,
routine typing, relief for the receptionist, routine clerical functions.

Applicants must possess an Associate's Degree in Business Administration or
equivalent from a leading institution and five years clerical experience with
great organizational skills. The applicant must also possess skills and
qualifications in Microsoft office applications including Word processing and
Excel (Powerpoint and Access a plus),

Interested applicants may delve or fax resumes to the Human Resources
Department, Public Utilities Commission, 4" Terrace East, Collins Avenue,
Nassau, The Bahamas, so as to be received by February 13, 2009. Only

" applicants who have been nphort ted will be contacted.

_ Fourth Terrace East, Collins Avenue
P. O. Box N-4860, Nassau, Bahamas
Telephone (242) 322-4437. Facsimile (242) 322-7288
E-mail: PUC@pucbahamas.gov.bs

a 3.8 per cent annual rate in the

final three months of 2008, the .

worst showing in 26 years. The
biggest reason was that con-
sumer spending fell for a sec-
ond straight quarter, something
that hasn't happened since the
1990-91 recession.

Analysts

Analysts believe the hard
times will persist in 2009 as con-
sumers, squeezed by layoffs and
tighter credit, delay purchases
of cars and other big-ticket
items.

Some experts say consumers
have been so shaken by how
fast their wealth has shrunk, so
burned by credit card debt, that
they might not resume their
robust spending for years, if
ever.

"People are not saving; they
are building financial bomb
shelters," said Mark Stevens,
who runs a management con-
sulting firm, MSCO, in Rye
Brook, N.Y.

Matthew Conrad, a financial

‘manager at Complete Wealth

Management in Orange Coun-
ty, Calif.,.says he knows of peo-
ple who drive a BMW or Mer-





cedes and eat macaroni and
cheese for dinner several nights
a week. That suggests some are
making an awkward shift from
free-spending habits and are
reluctant to give them up. .

Today's consumers might
even Start to rival their penny-
pinching, Depression-era grand-
parents.
| "The generation that lived
through the Great Depression
was very conservative in their
spending and aggressive in sav- .
ings, " said Scott Hoyt, senior
director of consumer economics
at Moody's Economy.com. "I
think we're going to have a set
of consumers who are moving
in that direction because they
don't have that much faith in
their assets."

e AP Business Writers Anne
D'Innocenzio and Eileen AJ
Connelly in New York, Dave
Carpenter in Chicago, Stephen
Singer in Hartford, Conn., Mark
Jewell in Boston and David Pitt
im Des Moines, Iowa, con-
tributed to this report

NOTICE

IN THE ESTATE OF Janet Sarah McDowall Tomlinson late of.
High Tor in the Western District of the Island of New Providence
one of the Islands of THe Commonwealth of The Bahamas,
deceased. J
NOTICE is hereby given that all persons having ary claim or
demand against the above Estate are required to:sénd the same
duly certified in writing to the Undersigned on or before the 2nd
day of March, A.D., 2009, after which date’the Executors will
proceed to distribute the assets having regard only to the claims of
which they shall then have had notice. _ p
AND NOTICE is hereby given that all persons indebted to the
said Estate of Janet Sarah McDowall Tomlinson are requested
to make full settlement on or before the date hereinbefore
mentioned.

LEANDRA A. ESFAKIS .
Attorney for the Executors
Chambers,
P.O. Box SS-19269
No. 16 Market Street
" Nassau, New Providence
The Bahamas

PUBLIC NOTICE
From Department of
Civil Aviation

Effective Immediately:

All cheques for services or facilities of
the Department of Civil Aviation must be
made payable to the Public Treasury.

All payments must be in the form of

a money order,

bank draft, certified

cheque or cash, No personal or company

cheques will be accepted.

Payments. are to be sent directly to the
Accounts Section at Civil Aviation Head
Office, Seaban House, Crawford Street.





THE TRIBUNE



aaa eee eee
Now the PLP faces its biggest crisis
le

ym ye

FROM page 1!B

“It always seens to attract the
trash,” a Tribune reider once wrote in
a brutal assessment! of the party’s for-
tunes, a commen: borne out when
Bimini drug traffickers leapt with joy
after the party wis re-elected seven
years ago.

Last week, this point was driven
home when ex-employees of a PLP
businessman, whois said to be millions
of dollars in.debt to the nation,
revealed that his strategy was to stall on
the various legal issues facing him until |
the PLP is returned to power.

The implication is clear: when the
PLP gets elected, crooks, twisters and
charlatans get a free ride. Whether it

likes it or not, the PLP is inextricably
linked with wrong-doing and wrong-
doers by those who study national pol-
itics with a critical eye.

Now that Bahamians are wiser and
more questioning than in the past, and
with Barack Obama now leading our
big neighbour to the north, it’s to be
hoped that higher standards will be
demanded of our politicians in future.

The country is now at a critical point
where it will be judged either as poten-
tially a flourishing member of the First
World or a discredited off-shoot of the
Third. On recent evidence, it is in grave
danger of being viewed as just another

post-colonial snakepit, a reputation -

which will inevitably exacerbate an

already desperate economic slide.

The much-publicised drugs commis-
sion, the Gallagher beach death scan-

dal, the Anna Nicole debacle and now

"the Travolta issue have all helped give
The Bahamas a very bad: name abroad
over the last few years.

It is bad news indeed when interna-
tional commentators view The
Bahamas routinely as a nation of
shakedown and kickback artists with
no consciences and-no shame. It is

_ worse still if the country is seen as hav-
ing no accountability and no legal sys-
tem worth the name. If Bahamians can
accept these damning appraisals and
do nothing about them, then it means
they have become disengaged from the
expectations of the civlised world.

If the PLP is to survive, it needs to
examine itself and its motives very
closely and vow to reform itself. As it
once more braces itself to face the con-
tempt of all civilised people, now is as

MONDAY, FEBRUARY 2, 2009, PAGE 11B

good 4 time as any to make a fresh
start.

Whether the present leadership is
able to achieve such a radical trans-
formation is questionable.

The PLP, which has stooped very
low many times before, is now lower
than it’s ever been in its fortunes, with
absolutely no chance of re-election.

It is not only faced with a deep, self- *

inflicted crisis, it is making The
Bahamas look bad from North Amer-

- ica to Europe, from the Far East to

Australasia.

It must-shape up fast or bow.out of :

Bahamian politics to save the nation
from its destructive, corrosive and
deeply unsettling. presence.

© What do-you think? Fax 328-2398
or e-mail jmarquis@tribunemedia.net

behind (if Uae

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Visit our sebvue at ww w.cob. edu bs



CULINARY & HOSPITALITY MANAGEMENT INSTITUTE, INDUSTRY TRAINING DEPARTMENT
PERSONAL DEVELOPMENT COURSES ~ SPRING SEMESTER 012009





NOTICE

| No. of




























































Interested persons may contact Dr. Zorene Curry at the School of : All fees are included in the price quoted above; new students pay a one-time application fee of $40.00.(NON REFUNDABLE)
Nursing and Allied Health Professions-at 242-325-5551. See te oe ee ae f

Application Deadline: February.6, 2009 at 4:00. p.m.

For further information or to pickup an application isi contact the Tiidstry Training ‘Depa airtient oF he Calinary & etalty Management ingGine 33
fax 325-8175,



Also, anyone interested in enrolling in the BSc. Pharmacy: 393.5801. 393-6804 or

Programme for September 2009 should apply no later than
reprmary 6, 2009.

The College of the Bahamas reserves the right to change Tuition, Fees, Course Content, Course Schedide and Course Materials.

COURSE TUITIONS
SEC. CODE BEGINS ENDS DURATION | DAYS FEES RM___| Spaces _
e e ’
COOK i |
g Bit Or iste Oi Admissions Ui | | Bahamian Cuisine 1 806 Feb. 19 Mar. 26 6 weeks Thursday $375.00 MK fo Qi |
: 5 th Ta | eweets | i
The College of The Bahamas wishes to COOK me 6:00- | |
: A ue ; t Asian Cooking {800 Feb.18 Mar, 25 1 Sweeks Wednesday -| 9:00pm $385.00 LK 12
advise the public that the undergraduate fim ——S00K Te go |e et
Be ps ss a zi ey ‘ Gourmet Cooking | 1 823 Feb, 16 Mar. 23 6 weeks. Monday 9:00pm $380.00 MK i 12 |
admission application deadline for — [ Fin. , COUR ge i 600- | | |
; : : | Gourmet Cooking ll 1 824 Feb, 18 Mar. 25 6 weeks Wednesday | 9:00pm $465.00 MK sak 12
Fall 2009 is F riday 6th, February PANTS : | French & lealian COOK ; “|6:00 - |
‘ Cooking 4 820 = Feb.17 Mar. 24 6 weeks Tuesda 9:00pm . - $295.00 MK i 12. |
at me ‘Healthy & ~ COOK 6:00-
' Nutritious Cooking 4 827 Feb. 16 Mar, 23 6 weeks Monda 9:00pm $465.00 . LK ped i
NOTICE : | Cake & Pastry COOK : [600- S| |
‘| Making | 1 813 Feb. 17__Apr.7 8 weeks Tuesday 9:00pm $300.00 _PK 4 12.
‘| Cake & Pastry COOK : ~ | 6:00-
The School of Nursing and Allied Health Professions at The College : | Making Il 1814 Feb.19 Apr. 9 8 weeks Thursday _| &:00pm_|_ $325.00 _PK 2
of The Bahamas wants to implement the following Allied Health } —————""“nor —SOtt—‘C—CS Oe 7 one so a]
programmes: ‘ | Bread Making 1810 Feb.19 _April.9 _| 8 weeks Thursday __| 9:00pm $290.00. LK 12 |
Bigs COOK 6:00-. : :
e Medical Laboratory Technology ‘ Cake Decorating | 1 817 Feb.16 Apr. 6 8 weeks Monda 9:00pm $325.00 | PK | 42
> Physical Therapy 6:00 - .
> Nutrition and Dietetics : | Cake Decorating | ._Feb18 Apr.8 __| 8 weeks Wednesday _ $375.00 PK |. 12 |
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t

_ REQUEST FOR PROPOSAL |

CENTRE FOR CONTINUING EDUCATION & EXTENSION SERVICES
i - FOR THE DESIGN OF THE |

‘CAREER Bee SCHEDULE

‘SMALL ISLAND SUSTAINABILITY
FACILITY |

SEMESTER: SPRING 2009

_ ALL COURSES MARKED WITH AN ASTERISK (*) INDICATE THE COURSE MUST BE TAKEN AT THE SCHEDULED Poe IN ORDER TO COMPLETE
JHE PROGRAMME. THE COST OF BOOKS/RESOURCE MATERIOE S ARE INCLUDED IN THE FEES



The College of the Bahamas is seeking the’ services of
an Architect/Architectural Firm (with requisite sub-
consultants) to provide all design services including


















































3 :, sAY 1 we i
ees Eeule oe Siete ei a rom te, eee | “ development of the Brief, Plans, Specifications, and |
}—-"-} "Ta SSA GE THERAPY PROG. So a ee | — + Construction Drawings and Contract Administration for |

Prerequisites: BJC Math, English & a a Sy the: construction of the TRG. Campbell Small Island }
General Science OR High School Diploma ~ Sustainability. Facility. on land situated on Gladstone |
Leen BIC General Science seal at elie ee oa '! Road on the island of New Providence: The Facility is
MASG900 ICI | Massage Therapy Essentials [* M 9:30am 12: = m sl _$465 to become the home of the new under graduate
MLABI00 | 1CI__| Massage Therapy Essentials I* isan [afte [tants er| programmes in sustainability to be offered by the College.
LAPHv900 | ICI_| Anatomy & Physiology* 3400 ra =
| MEDT900 | 1CI_| Medical Terminology* wa W 6:00pm | 9:00pm eu $225 The selection process will consist of.two phases. The
be a ee s a pes ee een $1290} \ Pre-qualification Stage (Stage One) is open to all
Lei ed LL OM RET ER DA EMS ECE MICIAN EROS: pos SS ea] ‘ Architects/Architectural Firms licenced to practice in |
Erered pistes; EG Math aad Bugis OF the-‘Commonwealth of the Bahamas. The Selection
a sscnesensssnnesnnccuessoesensssrechensensscnsssenseee | High School Diploma oon wessanvosef nnecsoressoennesoedpecensnecsouesssonssesanesssonsessodbesssonecssocengcanvecsnnasoeefoesoen odhatecca icant totes ak Satine cco selsccneethia Committee will review all ex ressions of inter est to
‘CoMPIsT "TCT TPC Supportl TE GG0pm | 7:30pm [35 30-Feb | $500 | TENS ek f
[1 7er TeONTINUED § [79:00am | 10:30am | 25 WE oie ee determine the firms’ stability, relevant experience, |
| ComPo00” 1 7Cl_| Keyboarding ; T 11:00am | 2:00pm | 20 Sus 3 Feb $00| | familiarity with the, College of the Bahamas and its |
[ ComP930 ‘_| Web Page Design | we) 9:30am | 4: $550 goals, the commitment to and experience with sustainable
Se ST al N design and the firms’ approach: to o project organization. |
MEDICAL SECRETARY’S PROG. Ea eae ee ee ee
Prerequisites: BJC Math, English & : 8 i
General Science OR High Schoo! Diploma Upon completion of review of the expressions of interest, |
| & BIC General Science ‘the Selection Committee will select finalists who will }
| MEDTo) | ICI_| Medical Terminology* a $225 | ! receive written notification for their required appointment |
Ae | SCTE Anatomy £ Physiology rotate [27 [ss $400 | for an“in-person interview. The intent of the-formal
om lel _| Keyboarding . Ee Sk | Fe eae | _Jinterview: process is to provide the Committee with in- |





depth information fromthe selected firms in order to
make a final selection for the award of a contract.'The
Stage Two process involves a two envelope submission,
the first containing the firms’ technical information and |

~| MEDICAL BILLING AND CODING PROG.

Prerequisites: BJC Math, English &
General Science OR High School Diploma
| & BIC General Science





























































| MEDT900 [| 1CL_| Medical Terminology* = | DW 6:00pm | 9:00pm {35 | _lOwks| 25-Feb{.$325| ! the second the fee proposal. After review of thetechnical |
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COMPS [TCT | Keyboardin ir 11:00am | 2:00pm | 20 Swks | __3-Feb $200] + process; the Selection Committee will rank the firms
Pee ee ee ee lla al $825
WEDDING AND EVENT PLANNING ROG} ere a se eT and the highest ranked firm will be invited to enter into
= : oor ‘contract negotiations based on their submitted fee
Prerequisites: BJC Math and English L
eos High School Diploma Plopose
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CONTINUED } : Th 6:00pm | 7:30pm | 25 l2wks | 20-Feb{ — ==
at JED | p p | _20-Feb |
COMPIO0 [ICT | Keyboarding T [11:00am | 2:00pm | 20 Soke to ahh 300 during normal business hours commencing Tuesday
; = —eeaq| 2 20th, January from:
ot : we
LANDSCAPING INSTALLATION & :
: ____ | MAINTENANCE I i 2% The Office of the Secretary General,
ij Prerequisites: BJC Math, English & eee | Room A99,
General Science OR High School Diploma The College of the Bahamas
| Te BIC GeneraliSeience pleats tala k ent seme e ML) Poincianna & Thompson Blvds,
LAND900 ICT | Landscaping Installation & Maintenance W 10:00am [11:00am | 25 10wks | 25-Feb $350]. New Providence
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Tuition does not include the one time $40 application fee
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| | z *



PAGE 12B, MONDAY, FEBRUARY 2, 2009

THE TRIBUNE



Now the PLP faces its biggest crisis

e

CRISIS, from 16B

meaningful entity in The
Bahamas.

They are wondering whether
it can ride out the current storm
without coming apart at the
seams. And, not surprisingly,
they are debating whether the
party has any kind of moral
base at all.

Even before ex-Senator
Pleasant Bridgewater and for-
mer Tourism Minister Obie
Wilchcombe were questioned
by police over the alleged
shakedown of the Hollywood
movie star John Travolta, the
party was in deep, deep trou-
ble. '

Its stock has sunk so low since
its election defeat in 2007 that
Kenyatta Gibson’s high-profile
-defection may yet signal a trend
among those who can no longer
stomach what this party stands
for. It is no secret that several
more disgruntled members are
girding themselves for the leap,
while still more are left pon-
dering whether there is anything
worth salvaging from the wreck-
age.

Even those who.are: staying
put harbour severe misgivings
about a party which has always
been firmly at fault when this
country’s name. has been
dragged through the dirt.

“The truth is,” a young
Bahamian media commentator
told Insight, “that the PLP has
for many years attracted the
wrong kind of people. Now
young people, especially intelli-
gent ones, are turning away.
They don’t want to know any-
more.” °

CAN PERRY CHRISTIE save his party from Travolta scandal fall-out?

That comes as no surprise
when you review the. last 40-
odd years of a party whose
founding fathers began with
high ideals but who lived to see
them trashed by a succession of
spivs; shysters, outright crooks
and squalid little ten percenters:
whose legacy has been one of
rank dishonesty almost from the
time it took office in 1967.

There’s no doubt the PLP

carried the hopes of the people

on its shoulders when it.

elbowed the United Bahamian
Party aside at that famous gen-
eral election. It also had a gold-
en chance to set an example to
the post-colonial world. ‘

There’s also no doubt that
some in its ranks were men of

- honour, including the late Carl-

ton Francis, .the late Sir Milo

gUcuaa

for

We accept Visa, Mastercard, Discover & Suncard.
5% Discount on Credit Cards

\

Butler and the current Gover-
nor General Arthur Hanna.

' Able men like Cecil Wallace-
Whitfield, Arthur Foulkes and
Dr Elwood Donaldson were
also given a.parliamentary voice
by that seismic upheaval in the
status quo.

But it didn’t take long for the
PLP to show what it was really
all about: Within two years dis-
eruntlement was running rife as
its ideals fragmented under the
influence of a leader whose
intentions were less. than hon-
ourable and whose methods

“were a national disgrace.

By 1969,.-it was clear that
Lynden Pindling. was-a dictator
in the making and that victimi-
sation; intimidation and cor-
ruption would soon become
dominant themes in his admin-



istration.

_ The first significant schism
came in 1970 when Whitfield,
Foulkes et al peeled off, taking
most of the party’s brainpower
with them. The Dissident Eight,
as they were called, would soon
form the foundation of the
emerging Free National Move-
ment.

By the mid-1980s, Lynden

Pindling had led the PLP into
the arms of some of the vilest
people on earth, the Colombian
cocaine barons led by Carlos
-Lehder. He had even turned a

blind eye to their, use ‘of’
Bahamian territory for drug’

trans-shipment operations;
At the time of the 1984 com-

mission of inquiry, .The.

Bahamas was already known
internationally as a “nation for



sale” and “paradise lost”.

And by 1992, when Pindling
finally lost power after 25 large-
ly awful years, the PLP was seen
as little more than‘a repository
for political reptiles and repto-
bates. i
Having once been hailedjas
a much-admired sunspot for

celebrities, The Bahamas had .
‘become a down-at-heel and

thoroughly demoralised apprpx-
imation of.its former self. {|
It was seen as little more than

‘a Third World slum: a. sunny

land full of shady people, as one

pundit so pithily observed: .,
The PLP, I need hardly add,

was right at the heart of the

-country’s sad and heartrending

decline. Investors sighed with
relief when they were treated
to a decade-long respite from
the party’s pernicious ways.
No sooner was it back in
power in 2002, however, than
the PLP began displaying many
of its old traits. Ten years in the
wilderness had done nothing to
make them repent. On the con-
trary, their innate rapacity was
all too evident within weeks of
their return.
Prime Minister Perry Christie
spent more:time fire-fighting

‘scandals within his own ranks

than he did actually governing

: the country.

The problems began with the
Korean boats outrage and end-
ed with the shocking Anna
Nicole Smith affair — a story
which left outsiders with a very
poor impression of The
Bahamas, its legal system and
what came to be regarded as its
pervasive amorality.

To his credit, current Prime
Minister Hubert Ingraham has
provided the one solid preserice,
the one true symbol of stability,
of the post-Pindling era.

Ingraham is no Barack Oba- .
ma, but what he lacks in inspi- |
rational .qualities he makes up

for with cool pragmatism.

And his government, though
far from stellar, at least-gives
the impression that it gets things
done under no-nonsense lead-

ership, even if it is noticeably

devoid of flair.
Without that steadying influ-

- ence, it’s hard to envisage what
The Bahamas might have

become had the PLP been left

to run riot. %
It’s interesting to note, for:
‘instance, that Ingraham would

have nothing to do with Fred
Mitchell when he arrived at the

FNM’s door currying favour’

and seeking a parliamentary

‘berth.

It took Ingraham no.time at
all to see Mitchell for what he
was — a damned nuisance
whose conceit eclipsed his abil-
ity many times over, and whose

“annoying presence would only
have meant. trouble down:the,

line. - ’
It’s also hard to imagine that
Ingraham would ever have list-
ed the likes of Sidney Stubbs,
Vincent Peet, Alfred Gray or

*Shane. Gibson in an election

line-up. And it’s inconceivable
that he would have allowed
Keod Smith-even to brush his
shoes.

Last week’s anguished cry

‘from activist-attorney Paul

Moss, who believes the PLP

must change its ways if it wants

to survive, ought to be a siren
call to all those young Bahami-
ans who desperately want the
party to alter its current per-
ilous course.

Moss went so far as to sug-_

gest that all scandal-ridden par-
ty figures should be barred from
running in the 2012 election.
And he believes there is a real
danger of the PLP disintegrat-
ing if it doesn’t opt for reform.

Someone among the younger
generation must emerge with
the right level of commitment
and moral courage if the PLP is
to avoid fragmentation and pos-
sible oblivion.

As things stand, the party
appears to be something far
worse than its usual shambolic,
incompetent, mismanaged and
utterly decadent self.

It is a party mired not only

in internal strife, but also in,

what is now being viewed by
the global media as a shocking
disgrace of gargantuan propor-
tions.
“Things don’t get any lower

than this,” a1 American attor-
ney told a Fox News anchor a
few nights ago as The Bahamas
became engulfed by its latest,
shameful scandal.

“When high-profile public fig-
ures are allegedly embroiled in
an alleged shakedown of a
celebrity family while they are
in the depths of grief, you have
gone as far down as it’s possible
to go,” he said. ;

Disquiet is not confined to.
foreign commentators. Ordi-
nary Bahamians are now won-
dering whether the PLP and its
leader, Mr Christie, can survive
this latest explosion of heartfelt
indignation.

“I feel the party is coming
apart,” said one Bahamian vot-
er, “It’s hard to imagine that
Christie can walk away from
this shambles and remain in
charge. It’s time to draw the
line.”

Wilchcombe, though released
after police questioning, will
find it hard.to survive the Tra-
volta debacle as a credible lead-
ership prospect.

As a former journalist, he will
know that worldwide publicity
of this kind cannot be spun into
anything remotely positive. It’s
all bad news, as he was well
aware when he reportedly
broke down last week as he
described the “pain” he felt
over the Travolta affair.

His situation is made worse
by the fact that he was such a
high-profile “friend” of the Tra-
voltas at their time of grief
immediately after the tragic
death of their teenage son.

‘Those in the leadership race
who viewed Wilchcombe as
their biggest single threat will
be taking quiet comfort from
his plight.. They will take the
view that, politically speaking,
smooth-talking Obie is already
politically dead and buried with
no hope of resurrection.

That leaves Alfred Sears, Dr
Bernard Nottage, Frank Smith
and,.of course, the dreaded

_ Mitchell in the running for

Christie’s crown should he abdi-
cate or be overthrown.
Whoever succeeds will need
to think laterally, vertically and
expansively to devise a means
of saving the PLP from itself.
They will have to introduce
a new sustainable ethos. based
on integrity and efficiency that
will lay the groundwork for the
party’s future. The PLP needs
more than wholesale refurbish-
ment. It requires a total rebuild.
At the moment, the PLP is
viewed as something much
worse than an inconsequential
party with internal problems. It
is seen as symbolic of a nation in
sharp moral decline. |
It keeps reminding the world
that what could be a great little
country is actually riddled with
venality, dishonesty and cor-
ruption, and is pretty much
beyond redemption. Even out

-of power, the PLP continues to

be an embarrassment, a nation-
al liability.

When some members heard
last week that PLP Senate
leader. Allyson Maynard-Gib-
son was acting as attorney for
the Travoltas, their first instinct
was to eject her from the party.
_ Their moral compass is so out
of whack, so badly in need of
recalibration, that their instant
desire was'to persecute a
woman whose role in this affair
appears to be strictly profes-
sional. |

“That’s the problem with
many in the PLP,” a political
observer said, “They simply
don’t know where right and

-wrong lie, they don’t know

where the line is drawn.”

The likes of Ingraham,
Foulkes, Hanna, Donaldson
and other. disaffected former
PLP parliamentarians — and
that includes even the present
party leader himself — have all
had cause in the past to part
company with an organisation
that has never fully been able to
discharge its duty to those who
elected it to power.

There has always been a deep
sub-stratum of sleaze in the PLP.
that has bedevilled its progress
from the moment Pindling took
the oath of office as Bahamas
premier 42 years ago.

SEE page 11B

istatussin Syrup Gucarrres)

For the relief of:
COUGHS + COLDS * ALLERGIES & ASTHMATIC CONDITIONS





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MONDAY EVENING | |
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MONDAY, FEBRUARY 2, 2009, PAGE 13B



iMovie Gift Ceftificate

make great gifts!

Let Charlie the
Bahamian Puppet and
his sidekick Derek put

some smiles on your |

kids faces.

Bring your children to the
McHappy Hour at McDonald's in
Oakes Field every Thursday
from 3:30pm to 4:30pm during the

month of February 2009.

Enjoy Great Food, Prizes and Lots of Fun.

i'm lovin’ it



PAGE 14B, TU

IESDAY, FEBRUARY 3, 2009

THE TRIBUNE



COMIC PAGE. 7













WHY DON'T YOU
SURPRISE ME BY
BUYING ME THAT









HA









NORA



7 You |
HAVE.A CLEAN.
NOKERCHIEF,
TIGER:



RGO PLUGS IN ERIC'S PHONE | FOR THE RECORD, IN CASE

NO: YOU NEED TO HEAR THIS,






WIFE,





DID THAT, IT
WOULON'T BE

2009 by King Features Syndicate. Inc. Wérld Rights reserved

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SURE, WHY NOT? I’M
OUST AS ATHLETIC
AS THEY ARE!

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NOTIFY HIS

THAT DOESN'T MATTER, DEAR... |
I THINK SURPRISES ARE

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(©2005 by King Features Syreteate, ino. World rights reserved.






I CAN TARE IT_-
I’M TOUGHER
THAN THEY ARE!

ARE YOU ALL RIGHT, NORA?

I'M NOT AT: ALL SURPRISED SHE
CAME UP WITH aan ONE!

“



NORA 2



CALVIN & HOBBES

HEN, SUSIE,
STAND ON

No REASON.
JUST DO IT,
T DARE YOU.



“WE'RE WASTIN’ OUR TIME, Joey, ALL THE
G00D TARGETS ARE STAYIN’ INPOORS.”



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word of a phrase is
permitted (e.g. inkjet in
inkjet printer}.

JODAY’S TARGET |
Good 11; very good 17;
excellent 22 tor more).
Sohution Monday.

YESTERDAY'S SOLUTION
ante anti arrant artier
avert errant inert
inter’ invert irate
narrate NARRATIVE
native meat nitre raita
rant ranter rate rent



















































retain retina retrain
| eae ee rite nivet taenia tare
ME eens Le PO Pe LCP ao eee
1 Where to yawn when its] \ 1 Skin colour? (4) eat et tt tier tine tinea tire
. late (10) ‘ 2. Piles of food farmers a Pd eal 3 = & train ees -ortet trine
6 ona his head in may plunge their forks SED ete S vent
into (9) =

10 Theatrical part you once
went in for (5)
“11. Is strange-in a way making

i a statement (9) 4
12. Take an attitude over 5

_ ‘something that’s beneath

“you (8) : 7
13 How one comes to. , : 8

confess (5)
15 Where one may grow a

girl (5)

Standard article fora

Set great store by (7)

An inducement to lay up -:
personal savings (4,3)

A taste that is similar (5)
Arranged to dine with
Greene (10)



















Dominance (10)

1

i









East Dons His Thinking Cap -

East dealer.
Both sides vulnerable.

ornot to take the ace.
After careful thought, East took
the trick and returned the queen of

hearts! This was certainly an unusual
play, but it rendered South helpless

fruit or'a vegetable (7) 9 Nuts ? You'll need these NORTH as the cards lay.
17 It should have a safety pin perhaps (8) @KQl If declarer covered the queen
in it (7) ; 14 Legal compulsion to be a’ ¥I94 with the king, East’s A-10-6 would
19 Consequences of Ulster’s it 2\(5 5) | zx | | ee] #10762 become a tenace over dummy’s J-9
: suitor? (9, &KQ3 and later bring about defeat alter
reformation (7) 16 No-one doubts what this eh eel deste tpi a ee ; . S ij ii
21. He toils in far from friendly ‘ » WEST | EAST West gained the lead with the dia-
fashion (7) signal means (3,5) ; we 4 105 4 98762 mond queen. And if South did not
22 It admits light or eccentric 18 Possibly lamenting getting wi Across Down 4832 ¥AQ106 — cover the queen, a low heart continu-
lie (8) 24 into a row (9) al 1 Under consideration 1 First‘Russian tsar (4) ° on 5 Me aa aves Oye would produce the
24 Hurties after a number and | 20 Notices new military N - (2,8) 2 Four-footed ».® . ” SOUTH * Observe that any other sequence
dives punishinent (6) : group (7) ‘|N Travel i - animal (9) i @A3 of plays by East to the first two tricks
27 Go fishing, but keep in 21 Stop atsea (5,2) 5 jo irawel Permit sg ie \ 7 ui etl Dees epee a he
touch (4,1.4) p at 2 : 10 Prize (5) 3 Become eventually is VK75 allows the contract to be made. The
28 Wood a d ti 23 Very hard satire? (5) QO. ge (3,2) ! ee @AKIJ.93 question, therefore, is how can East
sanding by the iver (5) 25 Worth turning into a > . Nee os (8) 4 Small hunting dog (7) tt ne #374 eas this defense will prove effec-
: uae . ction he bidding: "e. ‘

29. They light up fishes (4) ) phates : pt | 8 : Structural (7) East South West North The answer is that he cannot know
_ 30. Having trouble when 26 He employs some Hindu Ww volcano (8) 7 Deduce (5) . Pass INT Pass 3NT for sure, but that-under the circum-
bathing? (2,3,5) servants (4) 13" planet:()) 8 Very much in fashion Opening lead — ten of clubs. stances, his first two plays offered
4 15 In theory (2,5) (3,3,4) , ‘There is no question that declarer the only realistic hope for the
Yesterday’s Cryptic Solution © Yesterday’s Easy Solution 17. A fall (7) 9 Bountiful (8) has a natural advantage over the defense. East could see a total of 22
wi ; I bent 19 Infinite (7) 14 ‘Ancestor (10) defenders because he sees all of his ~ points in his own hand and dummy’s,
Across: 1. Swahili, 5 Which, 8 Test Across: 1 Backlog, 5 Bliss, 8 Water si side’s assets while each defender can which, added to the 15 or 16 to 18
- pilot, 9 Cur, 10:Nick, 12 Unchaste,14 polo, 9 Eel, 10 Ruby, 12 Handsome, 21 Not to be found (7) 16 Walling (8) see only half of his side’s resources. points presumably held by declarer,
Callow, 15 Harass, 17 Nominate, 18 14 Ordain, 15 Racket, 17 Clincher, 22 Savoury smell (5) 18 Lack of life’s evertheless, a thoughtful defender — left West with at most two or three

Atop, 21 Oft, 22 Reinforce, 24 Rased, 18 Myth, 21 Act, 22 Vingt-et-un, 24 24 Outside (8) necessities (9) can give a good account of himself if points. .
25 Atropos. : Donor, 25 Nursery. 97° Uncontrollable fit of 20 Asort (7) he makes use of all the information If West had one or no’ points,
Down: 1 Satin, 2 Ass, 3 Imps, 4 In Down: 1 Bower, 2 Cut, 3 Lure, 4 7 Une e fit o 21 French painter, available to him: there was no hope of stopping the
line, 5 Watchman, 6 Incessant, 7 Global, 5 Broadway, 6 Ice hockey, 7 laughing (9) - 4.1954 (7) | Take this case where North-South contract, But if West had the queen
Harness, 11 Cellmates, 13 Cornered, Solvent; 11 Badminton, 13 Discover, | 28 Constructed (5) 23 Start (5) reached three notrump as shown and (or king) of diamonds and declarer
14 Contour, 16 Attila, 19 Press, 20 14 Orchard, 16 Pennon, 19 Handy, 29 Assess (4) 25 Raging (5) West led the ten of clubs. Declarer could not collect nine tricks without
Afar, 23 Rap. 20 Stir, 23 Tee. mene played low from dummy, and East's establishing that suit, the defense had
30 26 Sojourn in a place (4) . first problem was to decide whether a chance. Since a low heart return

would not do the job if South had the
K-x-x, East returned the ‘queen and
reaped a just reward soon afterward,

©2009 King Features Syndicate Ine,





Albuquerque
Anchorage

Atlantic City
Chicago”

Dallas

eh





KEY WEST
High: 74° F/23°C
Low: 63° FAT’C

Shown is today's weather. Temperatures are today

highs and tonights's lows.

Tuesday
High Low W High Low W
Fie FC F/C FC
5512 30/-1 -s— <5TA3 3110s
5/-15 -5/-20 c 2/-16 -7/-21 s
Atlanta = = 52/11 30/-1 46/7 23/-5 co
47/8 30/-1 ¢ 34/1 18/-7— sn

46/7 31/0 + 34/1 18/-7 ~sn
44/6 26/-3 c 33/0 18/-7 sn

Charleston, Sc G85 17K, ¢ = 18-7 os
~30/-1 14/-10 sf © 22/-5- 8/13 a

31/0 18/-7 c 23/-5 9/-12 sn
62/16 35/1 s 59/45 307-1
46/7 23/-5 po 54/12 26/-3 5
82/0 19/-7 ¢. 22/5 8/-13-~ sf.






Z 80/26 69/20 pc 77/25 67/19 ° sh
60/15 38/3 pe 65/18 38/3 -s-









, Sunny to partly 7 Overcast, showers: - | - Partly sunny and
- Cloudy and breezy. : 3 around; breezy. ’ breezy. - |

“High: 75° ~~ High: 70°







Low: 57° - Low:57°

RR aaicn ao





Lowr:65° F/18°C






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W High = Low Ww



Jacksonville ; Phoenix












Kansas Gity - Pittsburgh
Las Vegas Portland, OR ~
Little Rock

Los Angeles

Louisvit 89/8 23/5





‘Miamr Tee eon
Minneapolis





; Tucson 71/24
Washington, DC 50/10 29/-1

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INSURANCE MANAGEMENT

SURANCE BROKERS & AGENTS

Ss

(BAHAMAS) LIMITED. IN








VISIBILITY WATER TEMPS.
5-10 Miles

5-10 Miles ~
5-10 Miles
5-10 Miles
5-10 Miles

5-10 Miles





E at 10-20 Knots
SSE at 10-20-Knots
E at 10-20 Knots
SSE at 10-20 Knots
* Eat 10-20 Knots
. SSE at 10-20 Knots





~TA24'S” FREEPORT Today:
! 40/4 30-1 r ibs
49/9 -26/-3-¢-
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Clou and ie
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‘High ce

| Low:64°"

: leather RealFeel ,
67°-61° F
The exclusive AccuWeather RealFeel Temperature® is an index that combines the effects of temperature, wind, humidity, sunshine intensity, cloudiness, precipitation, pressure, and

> elevation on the human seal that effects how warm or cold a.person feels. Temperatures reflect the nigh and yee low for the ‘day,




93/33 75/23. 3S






oa NASSAU



6:30am. 0.2

12:04 a.m. -
12:26 p.m. 24 :







7:36 a.m. 0.2
7:34 p.m. -0.1

8:48am. 0.2





: Statistics are for Nassau through 1 pat m. vestentay

“Temperature

3 AIG: Sai iaitesieMeciereceasthccon LO P2aHe

a LOW. .ocosescscceccessscsensassecnssescrosesaseenesoesee O9° F/TS® C
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Normal year to date

AccuWeather.com

Forecasts and graphics provided by
AccuWeather, inc. ©2009



Wetinesday? 14am.





57am. 0.1.



TT? F/25° C
- 64° F/18° C
. 80° F/27° C
. 63° F/17° C-





6:52 a.m. Moonrise. . .
.5:55 p.m. WMoonset.........none





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INNANNY Of
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Shown are noon positions of weather systems and
precipitation. Temperature bands are highs for the day.
Forecast hightow sec are for selected cities.





AUTO INSURAN



SAN SALVADOR
» High: 79° F/26°C
Low: 61°F/16°C










MAYAGUANA
een Dee e




sree 72/29. ‘sh
97/36 68/20 s_
9283 73/22







RAGGEDISLAND es rec

GREAT INAGUA
85° F/29° Cc
67° F 9°C









Weather (W)

partly cloudy,
Snow flurries

showers, t
precipitation





The Tribune

MONDAY, FEBRUARY 2, 2009

Aerie atta
ve Liberal



/Tribune staff

jor

lipé Ma

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‘Way of Life!
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INGEST IEID E775UWYMN_W6WRKG INGEST_TIME 2012-01-27T20:50:08Z PACKAGE UF00084249_01230
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S1F = a



BAHAMAS EDITION







Volume: 105 No.58

oN the a
acl a
apres Ty

[SEE INSIGHT SECTION

Police ‘shoot-out

Mp es FEBRUARY 2, 2009

SECTION INSIDE

with ex-officer

Armed man
arrested after
car chase

TOURISTS and churchgoers
were startled as police raced to
assist another unit involved in a
shoot-out at the corner of Sears
Road and Shirley Street yester-
day morning.

Officers:in the police control
room confirmed reports of a
shoot-out in that area shortly :
after 10am between an ex-police
officer, who had recently been
teleased from prison, and offi-
cers from the Mobile Unit who
were in pursuit.

As police cars, sirens blaring,
rushed to the scene, traffic was
backed up on Shirley Street past
St Matthew’s Church. A lilac
coloured Nissan car, which later
turned out to be stolen, had
crashed into a lightpole at the
corner of Sears Road and Shirley
Street. After the incident two
police officers on motorcycles
were left at the scene until the
badly damaged car could be
removed.

SEE page 10
Man stabbed during argument

By ALEX MISSICK
Tribune Staff.Reporter

A 21-YEAR-OLD resident of Nicholl’s Town, North Andros is in
serious, but stable condition, after being stabbed during an argument
on that.island with a group of men Friday night.

Press Liaison Officer Walter Evans said around 8.25pm the victim,
Renaldo Dames, was in “Cabana”, a popular nightclub:in Lowe Sound,
when he was attacked.

SEE page 11









Men Tn
PSNR a

TO Ut

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

GOVERNMENT’S pro-
posed unemployment assis-
tance scheme may be taking
longer than some expect due
to complicated legal para-
meters and the challenge of
determining the plan’s tar-
get group, said former State
Finance Minister James
Smith. :

The proposed plan will
come from the National
Insurance Board’s Medical
Benefits Reserve (MBR)
fund, which according to the
company’s 2006 financial
statement, totals more than
$100 million, and has been
accumulating since the
NIB’s inception and com-

SEE page 10.

“Apply tod
red towina GRAND



‘ ment boost in the





Stimulus package
‘will have little
impact for displaced
hospital.cy workers’

@ By TANEKA THOMPSON
Tribune Staff Reporter

tthompson@tribunemedia.net

THE stimulus
package offered
by the govern-
ment, while cre-
ating an-employ-

construction sec-
tor, will have lit-
tle impact for dis-
placed ‘hospitali-
ty workers, said
former Central Bank Governor
James Smith.

Mr Smith, who is also the for-
mer state finance minister, told
The Tribune that because most
of last year’s job losses stemmed
from the hotel sector, the cur-
rent stimulus packages would
offer little opportunity for them.

“The stimulus package by the

SEE page 10

James SHU



I Two ‘suicides’

PRICE — 75¢





in the space _
of 24 hours




the year last week.

each other.

that night.

SEE page 11

Man and woman
are found hanging

m-By MEGAN REYNOLDS
Tribune Staff Reporter
mreynolds@tribunemedia.net

DEATHS, believed to be suicides, devastated two more
Nassau families this weekend following the first suicide of

The bodies.of Kimberley Miller, 37, of Pastel Gardens,
and Leslie Campbell, 34, of Ruby Avenue, Cable Beach
were found hanging in their homes within 24 hours of

A relative discovered Ms Miller at around 10.30pm on
Saturday with an electrical cord around her neck. She was
pronounced dead. by Emergency Medical Services later,

Mr Campbell was found by a relative hanging from the
stairs with a rope around his neck just before 11pm





















Execution style shooting
leaves man fighting for life

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

POLICE are investigating
the execution style shooting in
the East Street south area that
left a man clinging to life in
hospital over the weekend.

According to Assistant
Superintendent Walter Evans,
on Saturday the 24-year-old
victim was driving his car in the
area of Cox Way off East
Street south with “a man
known to him.”

Sometime during the drive
the victim was shot in the back
of the head, police said.

Up to press time last night
police said the circumstances
surrounding the shooting were
unclear.

The’ victim, a Nassau Village
resident, was taken to hospital
where he is in serious condi-
tion. Police investigations con-
tinue. -

Police also reported a drug
arrest and seizure that netted

SEE page 11

Marlin Award nominee
‘Moses’ is found dead

THE Executive Board of the Marlin F
Awards said it was sad to report the death of
one of this year’s nominees, gospel dance-
hall recording artist Kasim ‘Moses’ Grant,

29:

According to online media reports, Moses
was found dead in a river-bed in Gordon
Town, St Andrews, Jamaica on January 27. |
He was apparently involved in a shooting |
‘incident the night before in which ane man
.was injured.

Also, according to reports, Moses was not |
a licensed firearm’s holder and apparently
fled the scene following the shooting. His |
body was found hours later with his right
hand and leg broken. There is still uncer-
tainty as to whether he fell while running or
jumped to his death, according to the web-

site, WWw.go-jamaica.com

t

Kasim ‘Moses’ Grant



The site also indicated that police said no bullet wounds were found
on his body and that a post mortem would be conducted on February
10 to determine the cause of death. His wife was also expected to give

SEE page 11

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PAGE 2, MONDAY, FEBRUARY 2, 2009

THE TRIBUNE





Need Help Collecting \
Past Due Accounts?

We Can
Help You
¢ Get Paid!

Phone: 328-8301

\ Apex Management Services







BY MEGAN REYNOLDS
Tribune Staff Reporter
mreynolds@tribunemedia.net

ITAL wetlands

preserved by the

Bahamas

National Trust

attracted around 100 visitors on

Saturday for a celebration in

anticipation of World Wetlands
Day today.

Visitors to the Harold and

Wilson Ponds National Park off

Fire Trail Road, New Provi-

‘dence, were greeted by live
entertainment, educational

games, food and drinks before
they were given binoculars to
tour the 250 acre park.

Spectators crossed through
tall cattail grasses on a raised
boardwalk leading to two obser-
vation decks over Wilson Pond
where great egrets, American
coots, the Bahamian white-
cheeked pintail ducks, cor-
morants, great blue herons and
glossy ibis graced the pond.

Around 100 species of native
and migratory birds have been
spotted using the wetlands,
leading Birdlife International
to designate the park an Impor-
tant Bird Area.

The Bahamas National Trust
(BNT) identified the area as a
national park in 2002 and is con-
tinuing work to extend the
boardwalk to link to Harold
Pond, build more observation
decks, develop an education
facility and elliminate alien
invasive species of plants in the
park to allow native plants to
prosper.

BNT education officer Shel-
ley Cant said the World Wet-
lands Day event, held in associ-
ation with the Bahamas Wet-
lands Committee, came under
the BNT’s Pintail Pride cam-
paign which aims to raise
awareness of the ecological,
economic and social importance
of essential wetland environ-
ments. Through the campaign
the BNT is working to educa-
tion children and adults in the
community about the impor-

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AROUND 100 VISITORS flocked to
the Harold and Wilson Ponds
National Park off Fire Trail Road,
New Providence in anticipation of
World Wetlands Day.

tance of wetlands. Miss Cant
explained how coastal wetlands
are vital to the economy as they
house 85 per cent of commercial
fish for part of their lives, while
inland wetlands serve another
crucial purpose.

Miss Cant said: “This park is
a natural flood catchment for
the area as water trickles down
from Blue Hill and collects in
Harold and Wilson ponds.

“It is quite dry this time of
year but in the rainy season the
water rises up almost to the
boardwalk.

“All of that water then trick-
les through the rock into the
ground water table, and the
plants clean the water, which
communities then use through
well systems. rete

“So water filtering recharges

the ground water table.







Felipé Major/
_ Tribune staff



“If you build on that flood-
plain you are going to have a
problem. The whole of New
Providence is suffering from
problems of water not trickling
into the water.table anymore
so we go to wetlands in Andros
to get our city water.

“We rely on wetlands for our
water supply.” .

But the Harold and Wilson
Ponds National Park also pro-
vides a charming oasis in. the
centre of a heavily urbanised
area.

Visitor Emerika Robinson,
30, of Soldier Road; Nassau,
said: “This is the first time I
have come out to enjoy the park
and it’s a very peaceful experi-
ence.”

FOR ONLY . T

FOR A LIMITED TIME ONLY!

AT PARTICIPATING STORES


THE TRIBUNE

MONDAY, FEBRUARY 2, 2009, PAGE 3





Two arrested
for alleged
possession
of unlicensed
firearms

GRAND Bahama police
arrested two men over the
weekend for alleged posses-
sion of unlicensed firearms.

The first arrest occurred
around 3.45pm Saturday
when officers on mobile
patrol in the area of Glad-
stone Terrace saw a vehicle
with two occupants that sped
off as police approached,
according to Grand Bahama’s
Assistant Press Officer ASP
Clarence Reckley.

As the officers gave chase,
the vehicle soon stopped and
the passenger, a male in his
late 20’s, got out and fled on
foot, ASP Reckley'said. The
officers pursued, and caught
the suspect. A black .45 pistol
with seven live rounds of .45
ammunition was retrieved.

Police also reported that
around 12.40am yesterday,
officers acting on a tip went to
the Port Lucaya area where
a 26-year-old Guyanese male
was arrested and charged by
police for possession of a .22
caliber pistol with one live
round of .22 ammunition.

Both men are expected to
appear in Magistrate’s Court
in Freeport today to face
related charges.

Developments in
Trinidad ‘have no
financial impact on
CLICO (Bahamas)'

IN A statement over the
weekend Clico (Bahamas)
announced that developments
in Trinidad on Friday: involv-
ing C L Financial Limited
“have no financial impact on
CLICO (Bahamas).”

“CLICO (Bahamas), ” said’ i

the statement, “‘is.a separate
entity within the CL Financial
Group, and none of its assets
are intertwined with CLICO
(Trinidad).”

“The facts are,” the state-
ment continued, “that CLICO
Investment Bank (CIB) has
been sold to Trinidad and
Tobago’s First Citizens Bank
Limited, and the Government
of Trinidad and Tobago will
provide the liquidity to support
any strain on -CLICO
(Trinidad). This liquidity is
backed'‘by the assets of CL
Financial Limited.

“CLICO (Bahamas) remains
solid with sufficient assets to
support all of its liabilities.”

Small plane hits
vehicle near private
Florida runway

@ TALLAHASSEE, Fla.

AUTHORITIES say two
people died when their vehicle
was struck by a small plane tak-
ing off from a private runway in
north Florida, according to
Associated Press.

Federal Aviation Adminis-
tration spokeswoman Kathleen
Bergen says the Jeep vehicle
was driving alongside the sin-
gle-engine plane Sunday after-
noon on private property in
Leon County..

After being struck by the
plane, the vehicle veered into
a tree. Bergen says two people
inside. the vehicle were killed:

No one in the aircraft was
injured.

Federal authorities are inves-
tigating.

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LOCAL NEWS

- Immigration Department aiming

to upgrade border control system

i By ALEX MISSICK
_ Tribune Staff Reporter

THE Department of Immigra-
tio.n is doing all it can to upgrade
the. country’s border control man-
age ment system, according to
State Minister for Immigration
Bran'ville McCartney.

During all of last week, offi-
cers have been training for the

necessary upgrades however they

are slightly delayed.

“We ihave been trying to inte-
grate the system and get it up and
running, itraining persons, but we
anticipate that we will have this
up and rea'dy to go, but prior to
that we have to put some things
through the House of Assembly

~ by way of legtislation in order for

it to take effe.ct and we are work-
ing with that \part. So we antici-
pate in short order that it will be
done which will also allow us to

make the work permits to be the
size of a credit card,” Mr McCart-
ney said.

Minister McCaxtney said the
border control management sys-
tem should have information on
persons coming into the country,
especially ex-convicts.

“That is a decision that has to

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be made whether or not they
have done their time, whether or
not it is believed ‘that this person
has reformed, or if it is sought
that this person would be a men-
ace to Bahamian society, We
should be able to detect ‘that
now,” Mr McCartney said.
Minister McCartney said
although the border control
mechanism is in place, the cor-

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rect training of the officers is
paramount for the system to run
smoothly.

“We can go through all this
with the border control system,
but we need to have persons who
are professional at these borders
who are able to determine and
pick up on certain things because
there may have been. persons who
got through to a certain extent.

. Therefore training is fundamen-

tal to ensure persons are greeted
in a professional way. because we
must remember that many per-
sons coming are tourists and we
don’t want to be a hindrance in
that regard,” Mr McCartney said.

Mr McCartney said he feels the
border control management sys-
tem will be a very effective mech-
anism for the country although
everything has faults.

“There is nothing that is full
proof and we have to be realistic
about it.

“However, it is going to be very
significant in allowing us to know
who is in our country, where
those persons are by the touch of
a button and I think that will be a
significant move forward for
immigration,” Mr McCartney
said.

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THE REMAINS of the house on Cordeaux Avenue.

Cordeaux Avenue
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families homeless

THREE families were able to get safely out of a burning 14-
room clapboard single-storey rental in the early morning chill
yesterday, but lost most of their possessions to smoke and
water damage as firemen extinguished the blaze.

The families were wakened 7.45 am as the fire raced through
the partially stucco building on the corner of Cordeaux Avenue
and Wilson Tract in the Englerston constituency. The building
is owned by Ruellin Moss.

Victoria Moss-Ferguson, 48, and her two children lost every-
thing in the blaze.

They occupied four of the building’s rooms.

Merlida Daxon, 29, and her three children occupied the
middle section and they too lost all their belongings.

Shenique Hart, 30, and her three children with the help of
neighbours were able to get most of their personal belongings
and furniture outside as the fire raged.

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PAGE 4, MONDAY, FEBRUARY 2, 2009

a
Farewell to one of

The Tribune Limited

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

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

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

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

Publisher/Editor 1919-1972 ©
Contributing Editor 1972-1991

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

Publisher/Editor 1972-

Published Daily Monday to Saturday

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



Elvis has left the mountain

DAVOS, Switzerland — In its own unpre-
dictable way, the Davos World Economic

= Forum usually serves as a crude barometer of

= the latest mood or mania on the world stage.
» This year did not disappoint. What has struck
me is the quiet urgency that infused so many

- panel discussions and private conversations.

-here between investors, ponicans and social

. activists.

To put it crudely: everyone is looking for the

[8 guy — the guy who can tell you exactly what ails

~ the world’s financial system, exactly how we
') get out of this mess and exactly what you should
©. be doing to protect your savings.

<. But here’s what’s really scary: the guy isn’t
< here. He’s left the building. Elvis has left the
* mountain. Getusedtoit. .

». What do I mean? First, if it is not apparent to
= you yet, it will be soon: There is no magic bullet

“ for this economic crisis, no magic bailout pack-

‘ age, no magic stimulus. We have woven such a

<> tangled financial mess with subprime mortgages .

'. wrapped in complex bonds and derivatives,

“ pumped up with leverage, and then globalized
< tothe far corners of the earth that, much as we

= want to think this will soon be over, that is high-

4° ly unlikely.

We are going to have to learn to live with a lot
“ more uncertainty for a lot longer than our gen-
eration has ever experienced. We keep pouring
- money into the dark banking hole of this crisis,

desperately hoping that we will héar it hit bot- |

tom and start to pile-up. But so farsas‘hard as

we listen, we can’t hear a’ thing: And’so' we

keep pouring...

« A broker friend told me it reminded him of
«. When he was a teenager and his doctor first
«2 diagnosed him as unable to digest wheat prod-

* ucts. He said to the doctor, “Well, just give me

-. a pill.” And the doctor told him: there is no
© pill. “You mean I’m just going to have to live
. with this?” he asked. That’s us. There is no pill
‘i —not for this mess.
~The fact that there is no single pill doesn’t
= mean thére’s nothing to be done. We need a
«> Stimulus big enough to create more jobs. We
~. need to remove toxic assets from bank balance
~ Sheets. We need the Treasury to close the insol-
«= vent banks, merge the weak ones and strength-
en the healthy few. And we need to do each one
tight. But even then, the turnaround will be
neither quick nor painless. Indeed, the whis-
“} pers heré were that what has been an exclu-
‘. sively economic crisis up to now may. soon
“. morph into a domino of political crises — as
happened in Iceland, where the bankruptcy of
_ the banks toppled the government on Monday.
(Davos humour: What is the capital of Ice-
land? Answer: $25).

rr. aT

Beh

RENTAL STORE

Second, we’re going to have to get used to a
loss of trust. All those rock-solid people and
institutions that we trusted with our money,

‘our pensions and our children’s piggybank sav-
ings — like Citigroup, Merrill Lynch, Bank of

America — do not seem trustworthy anymore.
Never before in my.adult life have I looked
around at every bank in my town and said, “I’m
not sure I wouldn't prefer to put my paycheck in
a mattress.”

The Bernard Madoff scandal, of course, has
only reinforced that loss of trust. His degree of
betrayal — his alleged willingness to embezzle
the life savings of people whom he had known
his whole life — is so coldhearted that it charts
new territory in human behaviour. He’s on his
way to becoming an adjective. Money man-
agers are already being asked prove to prospec-
tive new clients that their internal safeguards are
‘“Madoff proof.”

I’ve written a lot about the Indian outsourc-
ing community, so I knew B. Ramalinga Raju,
the Satyam chairman accused of embezzling $1
billion from his own company. What’s really
sad is that I didn’t get to know him through his
business but through an interest in his family’s
charitable work. They created India’s first 911
emergency system in their home state and call
centres in Indian villages, so young people there
could get service jobs. Was all that a fake, too?
Or was he just an embezzler with a good heart?
Don’t know. When you can’t even trust a per-
son’s charitable work, you’ve hit a new low.

. “We’re all going to have to learn to:live with
a lower level of trust in our lives,” an African
banker friend said to me here. But the mind

' recoils at that, which may explain why so many

people I talked to here are hoping that President
Barack Obama will turn out to be the guy.

Like Harry Truman, Obama is definitely pre-,

sent at the creation of something. He is arriving
on the scene “not after a war but after the same
kind of shattering of institutions that a war
does,” said Peter Schwartz, chairman of the
Global Business Network.

“His job is to restore confidence to these
institutions that shave been at the foundation
of our economy.”

That may be Obama’s most important bailout
task: to educate the country that there is no
easy escape here, except taking our medicine,
getting our fundamentals right again and work-
ing our way out of this, brick by brick, by getting
back to making money — what was that old
Smith Barney ad? — “the old-fashioned way”
—by ome it. .

(This arhele was written by Thomas L Fried-
man — c.2009 New York Times News Service).



THE TRIBUNE



the best teachers our
country has known

EDITOR, The Tribune.

Recently our country lost
some outstanding and well
known citizens.

A few Saturdays ago we
mourned the loss of both a
sports and a religious giant.
Also on that day, an excellent
educator was buried.

Though not as popular as
the other aforementioned per-
sons, her contribution and ser-
vice to the educational system
was second to none.

Sometimes people come
into our lives for but a brief
moment but they have an

« everlasting impact on you and

change your life forever. So
was the case with Mrs Ianthe
Natasha Minus-Bain.

I first met this beautiful,
young lady when I joined the
staff of E P Roberts Primary
School in January 2005.

They say first impressions
are lasting impressions and
what an impression Janthe
made!



aU eee:

etestibaneredia.ret



Anyone who came into con-
tact with her was first blown
away with her outer beauty
and appearance.

She looked like a modiel off
the front cover of Vogtie.

But even more notalole was
her passion for excellence and
her conviction that all children
can learn.

She raised the bzir high in
education by setting, standards
for her students ‘that made
them believe that though they
came from an inmer city com-
munity they were; just as smart
and important. as students
from private schools and gated
communities.

She inspired her students to
dream big!

This young, lady was an edu-
cator “par ‘2xcellence!” She
was dedicated to her profes-

sion and was a role model to

‘her colleagues. Even though

she was battling cancer, many

days she still came to school

after receiving treatment.
She never complained or

_accepted pity from anyone.
Instead she was the epitome

of “grace under fire.”

Ianthe. handled the chal-
lenges in her life with dignity.

It was because of her unique
personal qualities and stellar,
professional performance as
a teacher that I felt the entire
country should know more
about her.

Yes, we did lose an excel-
lent sportscaster and a virtu-
ous woman of God but we
also lost one of the best teach-
ers our country has ever
known.

My life is more enriched just
for knowing her.

May her soul rest in peace.

PATRICE BODIE
Nassau,
January 23, 2009.

Government should consult The Central
Bank to give working class some relief

EDITOR, The Tribune.

Jam not an economist but a struggling: work-
_ ing class Bahamian in our ailing economy.

I note that the Central Banks throughout
the world are reducing the interest trate; to assist
those who have existing mortgages or encour-

age individuals to borrow.

I understand the Government of the
Bahamas is striving to assist those who are
unemployed and less fortunate, but the work-
ing class are on the edge too, and in need of

assistance.

The majority of us are living ftom pay cheque
to pay cheque and it is a very uncomfortable

feeling.

Actually, after paying the mortgage, the util-
ities, insurance, food, etc, there is literally noth-

ing left.

I humbly suggest to the Grovernment of the
Bahamas to consider consul ting with The Cen-
- tral Bank, to reduce the prime rate so that the

working class. may get relie:f.

This action will reduce the loan payment,
which will allow some money to be freed up for

other essentials, food, school supplied, etc. We
are hurting and we do not want hand-outs but
we:really need some relief until there is an
economic upturn!

The mere fact that gasoline has gone down
from $5.64 to $2.95 has been a big relief. Addi-
tionally, this has assisted our GB power bills be
reduced, as the fuel surcharge has been reduced
from $.24 to $.10.

Additionally, we were told by the Minister of

Health, who is concerned about the health of

the nation that there will be no duty on fruits,
vegetables, 100 per cent juice but I really do not .

/See+the decrease in these items as I purchase

each week.

Freeport,

We need relief and quick action!
CONCERNED CITIZEN
Grand Bahama,

January 15, 2009.

Arrogance overshadowed only by i ignorance

EDITOR, The Tribune.

Last evening (Saturd.ay) at
about 8pm the noise again
started at the Balnamas
National Trust :

Icalled Eric Carey at home
and complained, he respond-
ed ‘n his usual rude way that
he would “call the in staff Cus-
todian.” Twenty minutes later
the music was even louder. I
called again, his response was

~and I quote “I done called, if

you don't like it call the Police.

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Don't call me no more.” He
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after that and Lynne. Gape

was either not at home or not

answering her 'phone.

The noise stopped at 2am.
At 12 midnight I complained
to the Police on Wulff Road,
and they explained that every

time they went to the Retreat .

the partiers would turn the
music down then soon after
turn it back up.

They said they had had

. eight or 10 complaint calls



apart from mine.

We cannot allow this to
continue.

In my opinion Eric Carey's
and the Bahamas National
Trust's arrogance is over-
shadowed only by their i igno-
rance.

Sleepless and angry in
Greenwood Road.

LEONARD SMITH
Greenwood Road,
Nassau,

February 1, 2009.

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The Lyford Cay Foundations

TECHNICAL TRAINING AND

VOCATIONAL SCHOLARSHIPS
Application Is Open

The Lyford (Cay Foundations are pleased to announce that applications are
now being accepted for technical training and vocational scholarships for
study in the U.S., Canada, the U.K. and the Caribbean.

Applicants must be Bahamian citizens and pledge to return to The
Bahamas upon completion of their studies.

Technical training and vocational scholarships are directed primarily at
individuals who wish to train or upgrade skills in areas where there is a
shortage of well-qualified Bahamians in the work force.

Approved fields of study are agriculture and fisheries; air-conditioning
and refri¢geration; automotive, marine and aviation mechanics;
computer service technology; construction and related trades including
electrical, carpentry, plumbing, painting and masonry; health care
technology; heavy equipment operations; hospitality, tourism, and
culinary arts,and machine shop and welding.

Please visit our website at www.lyfordcayfoundation.orgfor additional
information and application forms.

Forms rnay also be obtained from high school guidance counselors,
The Co'llege of The Bahamas Financial Aid Office, The Bahamas Technical
and Vocational Institute, and the Lyford Cay Foundation office. Please
addresis your application to: The Chairman, Screening Committee.

DEAIDLINE FOR TECHNICAL TRAINING AND VOCATIONAL
SCHOLARSHIP APPLICATIONS IS MAY 1, 2009.

Your Dreams. Our Mission.
Inspired Philanthropy for a Better Bahamas

HOATION, 1a,

P.O. Box N 7776, Nassau, Bahamas

T 242.362.4910 / F 242.362.5449
E_ info@lyfordcayfoundationorg

W www.lyfordcayfoundation org

LYFOR,
~
Founpat?

ey
a2
Ay,

Cay






THE TRIBUNE

m@ By ALEX
MISSICK
Tribune Staff
Reporter 6
GOVERNMENT is

attempting to weed
out the number of
criminal deportees
returned to the
Bahamas by only
accepting deportees
with legitimate
Bahamian citizenship,
' Foreign Affairs Minis-
ter Brent Symonette said.
More than 3,000 Caribbean
nationals were sent back to the
region — mostly criminal depor-
tees from the United States: —
since the end of last year, Min-
ister Symonette said.
But the:Bahamas.is placing

strict rules on these deportees. .

Mr Symonette. said during his
tenure he has refused’ requests
to deport. persons to the
Bahamas who were born here
but are not citizens.

“There is a safeguard on our
part just because they say they
were born here we ask them to
produce, proof of their Bahami-
an passport and so forth. So not
everyone gets approved,” Mr
Symonette said. :

The deportation of these
criminals poses serious. chal-
lenges not only to national secu-
rity interests in receiving coun-

tries, but also to the manage- .

ment and control of security
globally. . ;
The Bahamas and other
. CARICOM nations deportee
total ranked in the double and
. Single digits last year. Ninety-
one deportees were.received last
year, but 74 were criminal com-
pared to 17 who were non-crim-
inal. hath Dane
Mr Symonette said because
=o oUlne Cia iUt,

++ RATS, ANTS, TERMITES, ROACHES,
Se SU alt ae
PHONE: 327-6464



said.



os Paty al U a
Sat eee

of the United States’
increasing deportation
rates, a number of per-
sons coming back to
the Caribbean may
have a serious crimi-
nal record.

“Murder, drug
smuggling and so
forth, those persons
come back. CARI-
COM and the United
States have been
working to try-and do

mame a test project to see
how to reintroduce those people
back into the environment: of
the country of their birth. In
some cases those persons went
to the United States when they
were five and were deported
here when they turned 25, so
there is some difficulty there.
As of November 26 last year, 14
deportees have applied for
deportation. and two were
approved last week who are




. Bahamian citizens,” Mr Symon-

ette said.

Deportation has become a, ;

key issue for countries-in the
Caribbean since the, 1996 immi-
gration laws changed:and made
green card holders who’commit
crimes, even petty ones,
deportable. The mass relocation
of criminal offenders from rela-
tively high security environ-
ments in the US to less secure
ones in the Caribbean that have
major issues with crime, has
merely shifted the responsibility
for managing such persons ‘to
their country of birth. The Unit-
ed States is responsible for more
than 75 per cent of all criminal
deportations to the region.
“There are a number of
Caribbean nationals who com-
mit offences in the United
States. In our. case they contact
one of our embassies in the US,
who then. contact Foreign
Affairs. We then pull the pass-
port file and if the person is a
citizen as opposed to ‘born here’
we would then approve the
repatriation of that person to
the Bahamas,” Mr, Symonette

US Immigration and Customs
Enforcement (ICE) figures,
show that some 3,292 CARI-
COM nationals were deported
from the US between last Octo-
ber and July 14, 2008, among

‘the total 243,574 migrants

deported globally by: ICE..,:







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

FREEPORT - Brian Collie,
executive organizer, said Presi-
dent Roy Colebrook and other
officials at the Bahamas Hotel
Catering and Allied Workers
Union continue to defy a court
order to pay him and five other
executives their back pay.

Mr Collie, who claims he is

owed some $14,000 in salary:

back pay from the union, said

the penal order was handed -

down by Justice Neville Adder-
ley last June. ony

In the order dated June 2,
2008, the defendants, President
Colebrook, Treasurer Basil
McKenzie and Secretary Gener-
al Leo Douglas were ordered to
authorise payment of sums nec-
essary for normal running of the
business of the union, including
salaries and payment of accrued
unpaid salaries and allowances
to all Executive Council mem-
bers. :

“Tt has been seven months and
these men continue to act in defi-
ance of the order,” Mr Collie
alleged. “J have bills to pay and it
seems as if they have no inten-
tion of paying us our monies.”

In addition Mr Collie, Kirk
Wilson, first vice president,
Lionel Morley, second vice pres-
ident, and executives Samantha
Gray, Quincy Munroe, and Ray-
umond Wright are owed back pay.

According to the order, Roy
Colebrook is prohibited from
signing any cheques of the union
or dissipating.the assets of the
union. .

The order states that Mr
McKenzie as treasurer and Gen-
eral Secretary Douglas shall sign
all cheques along with one of the
plaintiffs, trustees Kayla Bodie
or Ian Neely.

Mr Collie stated that an appli-
cation for contempt of court was
filed last year by their lawyer
Keod Smith. He noted that they
are still awaiting a court date for
the matter to be heard.

The union official claims that
the union president is spending
significant sums of monies send-

ing people to. Grand. Bahama,

hee

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MONDAY, FEBRUARY 2, 2009, PAGE 5a

Wirienlina) Union official claims he is
Ee owed

$14,000 in back pay

but refuses to obey an order to

pay executives their back pay.
“It is very upsetting because

we have done everything right

“T am asking Justice Adderley
to-enforce the order that he has
handed down in June,” Mr Col-
lie said.

according to the law. The court
case was scheduled to start in
August, but again, nothing has
happened. i :

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PAGE 6, MONDAY, FEBRUARY 2, 2009 THE TRIBUNE













ay

Award preséntation:











Se
WL





| THE GOVERNOR -







= GENERAL Arthur
B Hanna: pictured
= with award winner
2 Dorothy Hepburn-
ad King along with
Ss her son Clayton
= King.
=
f
3S
e
Ie a
THE GOVERNOR 3 5
GENERAL Arthur : 2 2
ene smnles with 2 =
orothy Hepburn- ‘i S
King. = =.
; = GERALD SAWYER, president of the Bahamas Red Cross Society, presents Deputy General Director Mrs. Dorothy Hepburn-King with
= an award for her outstanding dedication to the Red Cross. Lady Rowena Finlayson was also present on Saturday night at the Wynd-
re ham Crystal ball room. : ,





ST. GEORGE'S ANGLICAN CHURCH HEALTH FAIR

k oo : ee



“Lose Yourself In Style” - ‘

ST. GEORGE’S
v4 ANGLICAN .

: i fi church held its
health fair on

Saturday at the
church as they

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No discount stamps willl be given or redeemed during
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ALL SALES ARE FINAL

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Saturday 9:30 am - 6:30 pm

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Elimination of black & white heads
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PHOTOS:
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Major/
Tribune
Staff

For the stories
behind the news,
read Insight
on Mondays

The CEH Course Begins March 2, 2009 | Evening Classes | 6 Weeks




The urgency of now —
need for a joint response
0 regional crisis.

= By SIR RONALD
‘SANDERS. -

(che writer is a business
corsultant and former
Caibbean diplomat)

[Le International

Monetary Fund
. (INF) says that this year the
wold economy will suffer its
wast performance in 60
‘years and the International
Libour Organisation esti-
nates that the global reces-
son will result in additional
memployment of 50 million
pople-if the situation con-
tnues to deteriorate.

In Jamaica, one of the

Caribbean’s larger
‘conomies, the Planning
nstitute of Jamaica projects
‘hat the economy will expe-
rience negative growth in the
fiscal year 2009/2010 and
unemployment levels will
tise to above 12 per cent.

In the Eastern Caribbean
Currency Union countries —
the countries of the Organi-

_ Sation of Eastern Caribbean
.States.— the IMF says that
growth is estimated to have

slowed by 21/2 percent in

2008 and will remain flat in
2009 “with risks tilted to the
downside.” erent hae

_ Everyone in the world —

including the Caribbean — .

knows for certain that busi-

nesses are closing or con-.
tracting, employees are.

being laid off, and economic
conditions are worsening.
On top of the already
grave situation, capital flows
to markets such as those in
the Caribbean are in danger

of collapsing.-The Institute :

for International Finance

forecasts that “net private -

sector capital flows to

emerging markets” this year’

will be less than half of last

year and only a fifth ofthe |

figure in 2007. Caribbean
countries have to calculate
that their share of that con-
tracting pie will be even
smaller since.the bulk of it
will continue to go to, Chi-
na, India, Brazil and other
larger developing countries.

,The prospects for the
Caribbean‘ could not be
bleaker, particularly with the

likelihood of:promises not»

being kept by developed
countries to deliver official
development assistance or
aid in their own strained cir-

‘cumstances. Mindful of this, '

a UN Commission of
Experts, at a meeting earlier

this month, called on devel- :

oped countries to “resist the

temptation to cut back on.

. development assistance.”
Recession

But, aid promises were
being abandoned even

before some industrialized ,

nations were officially

declared to be in recession.
It is unlikely that they will
increase aid spending when .

they are increasing their own
debt burden as part of their
\stimulus programmes, for
. their economies. 4
Given this troubling situ-
ation, the people of the
Caribbean would have every
right to expect their leaders
in the Caribbean Common
Market and’ Community
(CARICOM) to gather as
quickly as possible to con-
sider how best they might
together address the global
crisis and its wallop on their
economies. "57:

It is worrying therefore «.

that two meetings of CARI-
COM heads of government
scheduled for Barbados on
30 and 31 January have been
postponed to 12 and 13
March. One would have
thought that; in the present
situation, every hour counts.

It is not a time for days and

ie
EES
ie a



PHONE: 322-2157

convergence’ of
‘economies., And, signifi-





one in
the world —

“Every:

including the

Caribbean —
knows for

certain that
_ businesses are

closing or

contracting,

employees are
being laid off,
and economic
conditions are

“worsening.” |



weeks to pass without urgent’
regional attention to the
region’s fortunes. :

On -the eve of the post-
ponement of; the two meet-
ings, the CARICOM Secre-
tary-General, Edwin Car-
rington, underscored the
absolute necessity. for the
region’s small economies to
“come together to take deci-

‘sive and collective actions”

as.“the only way in which

they could effectively treat
.what seems set to be a long -

and deep global economic
downturn.”

Caribbean ministers,
attending a meeting of
CARICOM’s Council for
Finance and Planning on

. January 29.appeared to be
‘seized with the. urgency of

now. David Estwick, the
Barbados Minister of Eco-
nomic Affairs quite rightly
said that CARICOM ‘gov-
ernments had a duty. to their
citizens to move towards
their

cantly, he added that, “the

_ global crisis highlighted why

the regional integration
_ process must move for-
“ward.”

But, with the best. of

‘intentions; Finance and

Trade Ministers cannot give
the regional apparatus the

‘authority and strength of »

heads of. government. The
Caribbean has lost valuable
time by the failure of heads

of government to meet and
to decide together on‘a

course of action that would”
avoid destructive competi-
tion between their countries,

..and lay out a plan they could’
advance in cohesion.

Carrington made a telling
point to the CARICOM



Apple Computers

ministers of finance and
trade when he told them:
“While developed countries
generally have the capacity
to offer significant stimuli
packages to:their populace,

our governments are con-

strained by. the lack of fiscal
policy space due particularly
to high indebtedness and the

increasing incidence. of

declining revenue.”

To understand the full
implications of Carrington’s
observation, we need look
no further than the advice
given by the IMF to the gov-
ernments of the small island-
nations of the OECS on Jan-

uary 27. They were told that

they must implement value

added taxes, cut civil service.

wage bills, and.contain pub-
lic investment — the very
opposite of the stimulus
packages being implement-

ed in the US and the UK,..

for instance.

So, the IMF apparently |

feels that there can be one
set of rules for Peter and
another for Paul, particular-
ly if Paul is small.

Deficit

At the World Economic |

Conference in Davos,
Switzerland in the same
week that Caribbean heads
of government did not meet,
the Russians were. pointing
out that the result of the US
government running a US$1

- trillion deficit for years will

be that the free liquidity’in
the world will run into US
Treasury. bills and will not
be available to other parts
of the world. This includes
the Caribbean. -
These are all issues that
require the attention of the
Caribbean’s leaders working
together and with the bene-
fit of the best technical
advice that the region can

collectively muster — from.

the public sector, the private
sector, the tradé unions and
the universities.

'-There mayhave been

very good reasons why

Caribbean heads-of govern-
ment could not have mét.as

‘planned in the last week of
‘January. .

‘But since they will not
meet until mid-March, the
CARICOM Secretary-Gen-
eral should now be manwat-
ed to commission, for that

meeting, a report of experts.

to advise on how the region
can best cope with the glob-
al crisis in its collective inter-
est. By

of

Responses to:

ronaldsanders29@hotmail.com



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.
~~ \
PAGE 8, MONDAY, FEBRUARY 2, 2009 THE TRIBUNE

Constance McDonald is

installed as Grand Bahama
Chapter of FIDA president

@ By DENISE MAYCOCK
Tribune Freeport

Tune - Banquet held under theme.
? dmaycock@tribunemedia.net ¢ e “ ° e
GntHost ime ‘LOVinNg, Caring and Sharing’




. )

Pinder's Funeral Home
“Service Beyond Measure”
PALMDALE AVENUE, NASSAU, BAHAMAS
PHONE: 322-4570/ 393-1351 * CELL: 357-3617

RANNIE PINDER President

_ FUNERAL SERVICE FOR

PATCINA
GRAY, 70

was held at Bethel Baptist
Church Meeting Street on
Saturday January 31st
| 2009 at 11:00am. Burial
j was in the Church










She is survived by her daughters, Valderine Daxon,.
Olette McPhee, Theresa Lowe, Shandine Wallace,
Agatha Joyices and Rhoda Gray; sons, Henry,
Alexander, Patrick, Citrol, Dino and Joshua Gray;
grandsons, Falon Gray, Christopher, Justin and Jake
Gray, Kava, Kenrick, Keron and Khiry Daxon, Clitis
-Gray, Anthony and Anthonia Wright, Citrol Gray Jr.;
‘grand daughters, Cindy Gray, Alicia and Adrain
Wright; Angelic and Salina Lowe, Shaquino Wallace,
Duran Knowles, Kevaughn Collie, Lafrell Clarke; |
great grandchildren, Jordan and Christopher Gray,
Jafari Miller, McAnzi.White, Kevincka Daxon,
Donald Gray, Laina Fowler,.Daja Brown, Dena and
Dominice Gray, Kelly, Kelson Jr.; Prince, Glen and
Glendia Smith, Stephanika Daxon, ‘Tino, Alneka,
Theo and Alexander Gray, Alicia, Latoya, Mark and °
Johnathan Gray; aunt, Magaritta Ferguson, Patricia,
Shantell, Monique, Trevor, ‘Terrance and Tina
Ferguson, Constance, Nita,
and Sammie Evans; numerous friends, Audrey,
Shelly; brothers, Pastor Audley and Bernard Fowler,
A. Fowler, Deborah Finley, Mary Brown, Philip,
Timothy, Stephen, Mark, Rachael and Ava Fowler,
Mrs. Marina Lee, Noah Newton, Vantlock Fowler,
Elizabeth called Leitter; step children, Darika, Brian, .
CoJack and Merry; sons-in-law, Felix Daxon, Frankie
Lowe and Michael Wallace, daughters-in-law, Joan

Gray and Mickey McPhee.

Funeral arrangements made by Pinders Funeral

‘Palmdale Ave., Palmdale.

CREDIT Suisse a

officiating.


















Gaynell, Duster, Jefrey












the Grand Bahama Chapter

Women Lawyers.

The installation banquet
was held at the Grand
Bahama Yacht Club, under
the theme, ‘Loving, Caring,
and Sharing.’

Supreme Court Justice
Estelle Gray-Evans delivered
the keynote address, encour-
aging Freeport’s women
lawyers to be mentors to oth-
er young women.

Mr Evans said Bahamian
women have made significant
strides in law over the past 40
years in the Bahamas.

“Forty years ago, three of
the 93 lawyers in the country
were women — they were
Eileen Dupuch Carron, who
was called ‘to the Bar in 1962;
Ms Parkinson, who was
called in 1965; and Ruby
Nottage, who was called in
1969.

“Mrs Dupuch-Carron left
the profession and went into
newspaper publishing, and
both Ms Parkinson and Mrs
Nottage are now retired
judges.”

(In 1953 the late Mrs. Patri-
cia Cozzi, sister of Ms Betty
Cole of Nassau, was the first
Bahamian woman to be called
to the Bahamas Bar. After
practising law here for a‘num-
ber of years she moved.to
Dorchester, England with her
husband. She worked with the

Credit Suisse, Nassau Branch
Private Banking

is presently considering applications for a

_ Senior Securities Executor



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

¢

* University Degree or equivalent

Inland Revenue and died in

much over the years.

She said the first and only
female chief justice was
appointed in 1996, and the
first and only female member,

_ who is-President.of the Court

of Appeal, was appointed in
2001.

She also pointed out that
currently, 50 per cent of the
10 judges in the Supreme
Court are women.

Mrs Evans further stated

that 71 per cent of the sitting
Circuit Magistrates are
women, two of whom are
serving as deputies to the
Chief Magistrate.

She also added that 52 per
cent of the 51 lawyers called
to the Bar last year were
women. :

Despite the significant
strides made by women

_lawyers in the Bahamas, Mrs

Evans said women lawyers
should not be content.

“There has never been a
female president of the Bar
Association, nor to my knowl-
edge has there been or is a
female chief counsel. That
simply means that there is still
work to be done,” she said.

Mrs Evans urged women
lawyers to become mentors
to other young women, even
those who have no interest in
pursuing a career in law.

She noted that there is

‘need for more -volunteers at

GRACE House, a facility that
caters to pregnant teens in
Freeport.

“T can tell you that persons
of all age need to make a
donation of some kind and we
have difficulty finding volun-
teers to simply help the girls.

“All young women need

Mihi,

LUE

t



guidance and nowadays moth-

also. encourage the continu-

. ing education and.develop-

ment of women lawyers to
‘develop expertise in various
areas of law.

“I applaud your efforts in
providing scholarships to
deserving college bound stu-
dents.

“I know that you have giv-
en three scholarships and I

urge you to continue this.

noble gesture,” she said.
FIDA was formed. in 1944
in Mexico. The organization









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Y 7, 2009

has grown with membersin

Ce metery. Pastor of FIDA (Federacion Inter- Dorchester in April 2006). . ers are getting younger and _ over 72 countries in the word.
Timothy Stewart and nacional de Abogadas), also Mrs Evans noted that younger.” The objectives are to promoe
other. ministers known as the Federation of | women lawyers have achieved Mrs Evans said FIDA must __ the principles and aims of tke

United Nations in their legal
and social aspects; to enhance
and promote the welfare of
women and children; and to
promote the study of com-
parative law.

The new incoming board

‘of officers Constance McDon-

ald, president; Cassietta
McIntosh, vice president;
Lena Hield, Secretary, Karla
McIntosh, assistant secretary,
Karin Sanchez, treasurer; and
Hadassah Swain, assistant sec-
retary. :








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s
SALA HNN OA
THE TRIBUNE

MONDAY, FEBRUARY 2, 2009, PAGE 9





Sweetwood bark stands between

Rum Cay and total unemployment.

SWEETWOOD bark used for
making Campari is now all that
stands between the remote island
of Rum Cay and a L00 per cent
unemployment rate.

Since the island’s two marinas
closed several months ago, its
menfolk have set off into the bush
every day to find the small cas-
carilla trees that help flavour one
of the world’s most popular
drinks.

At $5 per pound, sweetwood
bark is now the foundation of
Rum Cay’s economy, the only
income that stands between its
population of 79 and what most
people would regard as abject
penury.

Yet as far as bar owner Delores
Wilson is concerned, her island
home is one of those lucky places
where the word “recession” has
little meaning. '

Conch

“We can never starve here,”
she told The Tribune yesterday,
“We have crabs, we have conch,
we have whelks, we have snap-
per.

“Recession doesn’t hit us like it
hits people in Nassau. We always
have something to.eat — and the
sun shines every day.”

And with seven wells to serve
the main settlement, the people of
Rum Cay are‘never without cold,
fresh water.

Ms Wilson, 77, runs Kaye's
Bar, the island’s main mecting
place. She admits that the marina
closures killed off the yacht trade,
but she doesn’t sound like a

woman at the centre of a global.

financial meltdown.

“Some young people have left
to go back to Nassau since the
marinas closed, but the island life
is still the best life. We don’t even
have a nurse or doctor here —
thankfully, we live a healthy life.”

Cascarilla bark, which grows
all over the southern Bahamas,
has always been the secret of
Campari’s success. »

Acklins island has for years
regarded it as its prime export.

But only recently has Rum Cay
been forced to regard the bark as
its economic salvation.

At 21 miles by seven in size,
the island matches New Provi-
dence in acreage, yet accommo-
dates fewer than 80 people. Most
of its bush is in remote areas, and
it is here that Rum Cay’s men
now find the special trees that
provide the unusual Campari
flavour.

“They go off every day to cut
the bark,” Ms Wilson said, “now
they have to go five or six miles
from the settlement to get to trees
that haven't been stripped. ’

“It’s all they have for an
income, as the bark is sold on to
an agent, then gocs on to the
makers of Campati.”

Rum Cay’s biggest problem as

the yacht trade falls away is that
electricily prices are rising dra-
matically.

Ms Wilson said BEC prices are-

now causing hardship for many
islanders, especially as'they are
now allegedly forbidden to use
generators.

“IT am lucky because I have a
bar and restaurant, but most peo-
ple here don’t have jobs and can’t
afford these prices.

“Many houses here now have
air-conditioners, so we have tried
to improve conditions, but it has
become very expensive.”

Work

When the Montana develop-
ment company was running the
marinas, yachts from North
America packed Rum Cay’s har-
bour, at this time of the year,
offering work to most men and
women on the island.

But yesterday only one yacht
was moored there, and that is
owned by a couple who sailed in
specially for Ms Wilson’s birth-
day a few days ago.

“There is talk of 40 homes
being built here for foreign vaca-
tioners, so we’re hoping that will
happen,” said Ms Wilson.

“If we can create employment,
there’s no doubt that many
younger people who were origi-
nally from Rum Cay will return to
the island’ from Nassau.”

MONEY GROWS ON THIS TREE!

LET’S plant two “money trees”

and watch their growth. We'll plant (\\
CARMEN MASSONI

the first by placing $20,000 in a sav-







ings account earning 5 per cent
interest, and leave it there for five
years. After five years, we'll with-
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back $25,525, a 5 per cent yield.
Now, let’s plant the second tree.
We'll buy a home for $100,000 and
invest $20,000 (as the. down pay-
ment). For the sake of argument,
we'll assume that the home appre-
ciates at 5 per cent each year, just as
the savings account earned 5 per
cent interest. At the end of five —,
years, the home will be worth about $128,335, a
$28,335 gain (that’s at an annual rate of 5 per cent).
_ We invested the same $20,000, and received back
our $20,000 investment plus another $28,335.(the
increase in value) for a total of $48,335. The rate of

return is a sizable 19.3 per cent! By pur-
chasing the home, we were able to earn 5
per cent appreciation on the entire $100,000,
whereas on the savings account we earned 5
per cent only on the $20,000 investment.
Incidentally, if we had invested only
. $10,000 in the same. $100,000 home ($10,000
down payment — $90,000 loan), we would have
received the same $48,335 in‘return for only a
$10,000: investment —— a whopping 37.04 per cent
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Meanwhile, cascarilla bark is
Rum Cay’s answer to these reces-
sionary times.

.The islanders are hoping
against hope that Campari will
remain a favourite tipple among
those who still have money to
spend on drink.

“We’re depending on it,” said
Ms Wilson. ;

Campari, first developed in
1860 by Gaspare Campari, is an
Italian aperitif which gets its dis-
tinctive flavour from cascarilla,
which grows almost exclusively
in the Bahamas.

It is made by steeping a mix-
ture of herbs in alcoholic spirit
and was first developed — along
with other bitters — as a health
tonic.

In fact, cascarilla, also known
as sweetwood, is still used by.
islanders to banish flu and other
ailments.

Having opened its first pro-
duction plant in, 1904, Campari
now distributes its products to
L90 countries.

. Over the years it has featured
in many works of fiction, includ-
ing the James Bond novels.

The writer Ernest Hemingway
and Hollywood actor William
Holden were both Campari fans.

e The Encarta dictionary says
the aromatic bark of the cascarilla
tree is known as sweetwood, which
is also used in making quinine,
incense, stomach medicine and as
a flavouring for tobacco.

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PAGE 10, MONDAY, FEBRUARY 2, 2009

THE TRIBe.. ...





FROM page one

government would have a

greater impact on the construc-
tion sector, the third largest
industry in our economy. So

AUSTRIAN CRYSTAL

Stimulus

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which is really the largest and
much more immediate,” Mr
Smith said.

“Similarly I think the small

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job programmes they are prop-
erly mopping up the unem-
ployed, but it would be people
who are chronically unem-
ployed, not the recent layoffs
from the tourist sector. So I
think we might have to take a
closer look at what kinds of pro-
grammes we put in place to

absorb the unemployment from’

the tourism sector because I
think that is where we are being
hardest hit,” he said.

His comments came in
response to statements made by
Prime Minister Hubert Ingra-
ham during his national address
last week.

During the 50 minute speech

Mr Ingraham conceded that
2009 is likely to be a difficult
year, but said the government’s
stimulus package would help to
soften.any harsh impact with-
out endangering the country’s
economic welfare.

Some 267 persons and 116

small contractors were hired
during an Environmental
Health clean-up programme
launched in December. Gov-
ernment also intends to accel-
erate a number of infrastructure
projects that will stimulate job
creation.

Last year, almost 1,500 people
were fired from the tourism sec-
tor — 800 from Atlantis, the
country’s largest private sector
employer; around 150 from its
Harbour Side Resort; 21 work-

Proposed
unemployment
assistance ‘may
he held up by

legal framework’
FROM page one

prises 1.1 per cent of all con-
tributions made.

But many observers have
questioned why the pro-
gramme has yet to be started
considering rising unem-
ployment figures. Mr Smith
believes government may
have its hands full trying to
iron out all the kinks
involved in the proposal.

“T think that was more of
an intent, but those things
are much more complex. I
think some of that has to do
with the legal framework,
the unemployment (scheme)
would have to deal with peo-
ple who would have been
employed before and had
contributed to National
Insurance. So identification
would be very difficult and I
think the people (it will be
geared towards) would have
been unemployed for the
last few months rather than
the last several years,” he
said.

“So trying to determine a
target group would be a
challenge, so I’m not sur-
prised that those things are

not happening as quickly as |

others might expect,” said
“ir Smith..

The plan was foreshad- .
owed by Prime Minister
Hubert Ingraham in Novem-
ber amid concerns of grow-
ing layoffs spawned from the
American: financial crisis
which took a toll on the local
tourism industry. °

Earlier this month, Min-
ister of Labour Dion
Foulkes said the proposed
assistance programme is cur-
rently being formulated by
the National Insurance
Board. However there has

ers from Comfort Suites, to .

name. a few. This month more
than 100 people were let go
from the Our Lucaya Resort in
Freeport.

Minister of Labour Dion
Foulkes has said government
hopes some 3,000 jobs will be
created from the stimulus.

Mr Smith expects that even
when the ailing economy starts

to turn around, the displaced’

tourism workers will find it
harder to be re-employed.

“T think unemployment will
just go up. It will be very difficult
for some of the people to get
back into the mainstream of the
economy because when it bot-
toms out I think rebound will

- not be as dramatic, it will be a

slow growth,” he said.

Although Mr Ingraham’ s
speech differed little from his
last address to the nation in
November, Mr Smith said news
that the country’s foreign direct
investments (FDI) ended on a
higher note at the end of last
September compared to the
same period a year earlier sur-
prised him.

He said considering the cur-
rent economic climate, which
has roots as far back as mid-
2008, he expected a softer analy-
sis of the country’s FDI.

His comments came in

response to statements made by
. Prime Minister Hubert Ingra-

ham during his. first national

address for the year.

“JT didn't hear anything that
was essentially different from
what he (Mr Ingraham) told the
public late last year (but) I was a
little surprised to hear that for-
eign direct investment by the
end of the year was higher than
it was at the end of (previous)
year — that's astounding,” he
said during a recent interview.

"I guess that surprised every-
body because the anecdotal evi-
dence was that many FDI pro-
jects were slowing down, coming
to a halt or had been cancelled,
so that was quite surprising to
hear,” said Mr Smith. He said
he could not speculate on the
reasons for.the increase as he

_ had not seen the relevant data.

“T would have thought that it
would have moderated but.I
guess we have to take what we
can, any good news,” he said.

During an address lasting
about 50 minutes Thursday
night thé prime minister said
FDI through the end of Sep-
tember, 2008 increased $83.3
million or 7.3 per cent compared
to the same period a year
before, adding that this firmness
in investment inflow appears to
be continuing.

Because of this, the country’s
foreign reserves recorded an
increase of $108.8 million at the
end of 2008 compared to a
decrease of $45.6 million at the
end of the previous year.

Police ‘shoot-out’
with ex-offic er

“FROM page one

Residents of the area speculated that as the iS police chased the car,
the driver tried to turn into Sears Road, failed to make the turn, and

crashed into the pole.

Last night, Sergeant Lawrence Stubbs from the Traffic Division
confirmed that a wrecked car was involved in a police chase, but could
not confirm if this crash had anything to do with the shoot-out fur-

ther down Shirley Street.

However, a motorist driving down-Sweetings Lane shortly after the
crash at Sears Road, said he saw police cars, police vans, a SUV, all
with sirens blaring at the scene. He heard three shots, but did not
know who fired them. A police car then rushed past him, turned into
Moss Lane, then east on Dowdeswell Street, pursuing a man who it
is believed had run from the wrecked car and into an overgrown
vacant lot, not too far from St Matthew’s church rectory.

Another resident of Sears road was in his kitchen when he heard
a terrible crash. He looked out of the window and saw the electrical
poles and: wires on Sears Road swaying. One pole had caught fire.
The area was without electricity until about 6.20 last night when BEC

repaired the damaged pole.

The stolen Nissan had struck the anchor wire attached to the elec-
trical pole at the corner of Sears Road and Shirley Street. The car’s
left front tyre was on the ground, the right front tyre had mounted the
anchor wire and the. pole. The disc on the car said the car was
owned by Beneby Rental Enterprises. A Sears Road resident heard
someone, who she believed was the car’s owner, compliment the

police on a job well done.

Another resident said that a policeman told him that the driver of
the car was arrested and that drugs were discovered in the vehicle.

“The older folk in the area ran outside to see what the commotion
was,” said a resident on hearing the gunshots. “A lot of them were
concerned because this sort of stuff does not happen in this area.
Many of them sit on their porches in the mornings so stray bullets are
not something they should have to be thinking about first thing

Sunday morning.’

An officer from a downtown police station confirmed that an
armed man was arrested. According.to reports the weapon was not

recovered.

However, at the time of going to press the police reports were not
in and the information had to come from the residents of the area and
motorists on their way to church who were eenent in the traffic

jam.

The Bahamas Electricity Corporation

Invites Tenders

for the services described below.

Cable Bahamas Ltd's strategy is to hire xserienced staff to work in-house, side
by side with local work force to ensure the transfer of knowledge during the
design, construction and implementation of a world-class telecom facility.

been no definitive launch
date for the highly antici-
pated:plan.

Mr Smith said he had “no
idea” when government will
implement the proposed
scheme, adding “I think they
are probably finding it much
more complex than merely

| turning off a tap and turn-
ing it on again.”

Bidders are required to collect packages from the
Corporation's Administration Office,
Blue Hill & Tucker Roads
Contact: Mrs. Delmeta Seymour at telephone 302-1158

Resumes should be sent electronically to rbadderley@cablebahamas.com -
by February 6, 2009.

Tenders are to be addressed to:
Mr. Kevin Basden
General Manager >
Bahamas Electricity Corporation
Executive Offices — Blue Hill & Tucker Roads
Nassau, Bahamas

CABLE BAHAMAS
www. cablebahamas.com



Deadline for delivery to BEC:
on or before 9th February, 2009 no later than 400 p.m.

Submissions should be marked as follows:

Harbour Baza \ : = ae

Eun ss

Tender No. 685/09
Fire Alarm and Detection System Installation.
Big Pond Complex, Nassau, Bahamas

Tender No. 686/09
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Eleuthera, Bahamas

&

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ie. Marsh Harbour Power Station, Abaco, Bahamas
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The Corporation reserves the right to accept or reject any or all
proposals. For all inquiries regarding the tenders & site visits,
contact Mr. Brent Williamson at
telephone 302-1510 or 302-1509.

Pee €][>E et et Ihe
Pk aa se.


THE TRIBUNE

MONDAY, FEBRUARY 2, 2009, PAGE 11



FROM page one

a formal statement to investiga-
tors on matters relating to her hus-
band’s death. ~

“We were all shocked to learn
of the death of Moses who was
just beginning to ignite a creative
spark in the world of dancehall
gospel. Moses’ contribution in
both the secular and gospel music
industry was invaluable,” said
Marlin Awards President Kevin
Harris. “Though many may con-

Execution style shooting

FROM page one

‘Moses’

sider his timein the music ministry
short, I believe that beyond his

- death and through his lyrics and

music, he will continue to touch
lives with the gospel of Christ.”
“On behalf of the Executive
Board and Committee of the Mar-
lin Awards as well as all of our
nominees, speakers and presen-
ters, I would like to officially offer

_our condolences to the family of

more than 17 pounds of marijuana. The drugs have a local street val-

ue of more than $17,000.

ASP Evans.said the drugs were discovered when DEU officers
executed a search warrant at a home off Balliou Hill Road south

around 8.45am Friday.

Inside the home, officers found a red travel bag containing nine
packages of marijuana wrapped in plastic. Three men from that
home, ages 33, 32 and 30-years-old, were arrested.

They are expected to appear in court as early as today.

In other crime news, police confiscated a firearm found by a

concerned citizen in western New Providence. .
The find occurred around 6 pm Friday when the resident report-
ed to police the discovery of a pair of trousers with a weapon in it

that was found in a yard.

The items were handed over to the police who found a.45 hand- ,

gun with nine live rounds of ammunition inside the trousers.
Police also reported that a man was shot in the leg after being
held up at gunpoint and robbed in the Carmichael Road area,

opposite Beverley’s Kitchen.

His condition was unknown up to press time,

Man stabbed during argument

FROM page one

“An altercation took place and
Mr Dames was stabbed multiple
times about the body and had to
be airlifted to New Providence,”
Mr Evans said.

Assistant Superintendent of
Police for North Andros Craig
Gaitor said because.of the seri-
ousness of Dames’ injuries, they
could not gather much informa-
tion before he was airlifted out.

“We were not able to get much
out of him, but as soon as he is

released we will have him for-

mally interviewed and have the
matter fully investigated,” Mr
Gaitor said. -

According to reports on the
island, Dames was stabbed twice
‘in the back and three times in the
chest causing one of his lungs to
collapse.

One resident said this sort of
Tivalry has been going on for
years.

“The school children are fight- .
ing one way and'adilts are fight-:'
ing-the other way., There hasbeen >;

Lisefegor Ty



fighting amongst settlements from
I was going to school and that
was many years ago. It would be
like Nicholl’s Town against Mas-
tic Point, but Lowe: Sound and
Mastic Point were always the ‘big-

- gity’ ones and the children are

growing up with the same men-

tality,” the resident said.

But Andros police said this is.
an isolated case and not the norm.

“Andros is really known for its
tranquility. We don’t really have
those kinds of problems..I guess
this is just something that hap-
pened. We don’t know what pre-
cipitated it but the matter is still

under investigated,” Mr Gaitor’

said.

:. The police department in

North A’ndros will be doing a
number of walkabouts through
various settlements starting in

Lowe Sound, he added.

“We. do have a very vibrant
neighbourhood police unit in
North Andros and we will con-
tinue with our walkabout begin-
ning on Wednesday,” Mr Gaitor
SAldsict ate wy ices adorn



!



the late Kasim ‘Moses’ Grant”.
Moses was nominated for three
Marlin Awards last year, including
Culture Recording of the Year
-for “Feels It Knows It”, Deejay
Vocal Performance of the Year-
Solo for “Thunder Roll” and for
Pop/Rock Recording of the Year
for “I Ain’t Scared (with Jai).
Winners will be announced dur-
ing this year’s Marlin Awards,
which will be the final event dur-
ing Marlin Weekend 2009, sched-
uled to be held March 26-29 in
Nassau under the banner “Gospel
in Paradise”. This event is expect-
ed to attract hundreds of record-
ing artists, songwriters, produc-
ers, managers, retailers, radio
announcers and music fans from

throughout the Caribbean as well _

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| FROM page one

on Friday. *

Friends of Mr Campbell told -

The Tribune he was the devot-
ed father of a five-year-old girl
and ten-year-old boy.

. He had recently separated

from his.wife and shared cus-
tody of the children.

A friend of Mr Campbell’s
who has known him since they

: sang in the Gospel Mass Choir .

together around 15 years ago
said: “He was a good friend of
mine and a good guy to be
around. |
- “He was always cracking
jokes. I never saw him down.

He would always want to uplift .

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Two ‘suicides’ in the space of 24 hours

you even if he was having a
bad day.

“He didn’t burden people .

with his troubles, he would
always say everything’s good
but he was obviously going
through something.
“He was.a good family man
and he took great care of his
kids. He would see them every
day. a
“All of this friends are in
shock. It’s so shocking that he
would do something like that.”
The deaths follow that of a
45-year-old father of three
who was found by his wife
hanging by a cord in the liv-
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Seabreeze Lane on Wednes-
day.

Pastor of New Covenant
Baptist Church Bishop Simeon
Hall said the recent spate of
suicides bespeaks a spirit of
despair and the absence of
concrete hope.’ . — :

He added: “In the absence
of hope some persons sink to a
level of morbid despair of
hopelessness.

“Rage turn outward leads
to murder. Rage inward turns

. to suicide.

“People need to anchor
themselves in concrete and
spiritual things and not the
transitory ones.”

CAN Xs ene |

ril 14 - June 11, 2009


PAGE 12, MONDAY, FEBRUARY 2, 2009

SPORTS

TRIBUNE SPORTS







ALICE HEINEL, the female run winner, receives her awards from BAAA's
president Curt Hollingworth (left) and patron Frank. ‘Pancho’ Rahming
(right) at the BSC's’2009 Frank ‘Pancho’ Rahming Family Fun Run/Walk

Road Race.on Saturday at the Charles W. Saunders High School, Jean

Street.

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JASON Williams and Alice
Heinel didn’t have any competi-
‘tion as they easily ran away from

their opponents to win the run
segment of the Baptist Sports
Council’s 2009 Frank ‘Pancho’
Rahming Family Fun Run/Walk
Race.

The same could be said about
Philip Moss and Jonique Webb
as they did the same in the walk
segment of Saturday morning’s
chilly event that started and fin-
ished in front of the Charles W.
‘Saunders High School, Jean
Street. Williams, the defending
men’s champion, said he felt the
cold and.the wind when he went
out. But he was determined not to
let any of those elements slow
him down. “It was a good run,”
he said. “We do it every year,
same place, same time. But I want
to encourage more young people
to become more active in some
type of sport instead of staying
indoors. This is one of them.”

Heinel, making her debut in

” the race, but has slowly been

building a name for herself on
the local road distance scene, said
it was good, but a bit too cold.

“It was a pretty good race,”
said Heinel, a 12-year-old grade
seven student of St. Andrew’s
High School, who compete for
the Striders Track Club.

Her coach Stephen Murray
said Heinel\will definitely be a
name for the Bahamas to become
familiar with as time goes on.

“She’s coming along very
good,” he pointed out. “We're

going to. the NACAC Cross

rye a





School, Jean Street are as follows:
WALK
MALE

30-39 - Kaylyn Cooper, Annex.





Bodie Young, St. John’s.

FEMALE



Gates; Grenia Stuart, Golden Gates.




Shandia Sands.

30-39 - Tia-Hinzey, Golden Gates:
Mackey.
Hinzey, Golden Gates.

RUN
MALE

Church of God.
Blue Hill Gospel.

FEMALE
Alice Heinel; Davette Strachan.

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Results of the Baptist Sports Council's 2009 Frank ‘Pancho’ Rahming Fam- ©
ily Fun Run/Walk Race held on Saturday at the Charles W. Saunders High

15-And-Under - John Webb, Golden Gates.
19-And-Under - Krisoff Minus, Golden Gates,

\ 40-49 - Zammie Williams; Davy Strachan.
50-And-Over - Philip Moss; Leslie Miller, East Street Gospel Chapel Ellis

Pastors/Ministers - Rev. Charles Johnson, New Dimension; Rev. Derek
Munroe, New Bethlehem; Rev. Dr. David Johnson, Macedonia.

15-And-Under - Ashanti Pratt, Golden Gates; Vernita Knight, Golden
19-And-Under - Jonique Webb, Golden Gates; Ariel Webb, Golden Gates;
20-29 - Candice Webb, Golden Gates:

50-And-Over - Anita Hinzey, Golden Gates: Berdie Stubbs, Macedonia; Olive -

Pastors/Ministers - Minister Joann Webb, Golden Gates; Minister Jessie

15-And-Over - Orville Mott, Macedonia; Jay Darling.

19-And-Under - Levardo Bain, Macedonia; Ashland Murray.

20-29 - Jason Williams; Sidney Collie; Valentino Thomas. ..

30-39 - Nekeno Demeritte, Bahamas Christian Fellowship, Derek Ferguson,

40-49 - Ashland Murray Sr; Randy Thurston, Evangelistic; Durell. Shearer,
50-And-Over - Raymond Rudon, Praise the Lord; Bernard Hanna, St.
‘Cecilia’s Catholic; Gary Brathwaite, Evangelistic Temple.

40-49 - Kimley Saunders, Salem Union: Margo Strachan.
50-And-Over - Rosita Christie, St. Paul's.

E

JASON WILLIAMS, the male run winner, receives his
awards from Minister Derek Munroe (left) and BAAA's
president Curt Hollingworth (right) at the BSC's 2009
Frank 'Pancho' Rahming Family Fun Run/Walk Road
Race on Saturday at the Charles W. Saunders High

School, Jean Street.

Country i in March, but I’m so sor-
ry that she is so young that she

- won’t be able to go. |

“But hopefully.as she continue

to develop, we can eventually

develop our own world class dis-

‘ tance runner right here in the:

Bahamas.”

‘Murray, who normally assist
the BSC with the operation of
the race, decided to run this year
and he Yelt a little’ cramp in his
calf from the cold. “I. know we
would have had a lot more peo-
ple, but we have the National
High School Relays today, so a
lot of them have been preparing
for that,” Murray reflected.

“But I think if each Church can
send at least 10, that would be a
lot of people < and if they can send
50 from each Church that would

' be a crowd. I just want to encour-

age them to become
more involved in the




























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road racing and the distance run-'

ning because it prepares you for
the track.” ,
Raymond Rudon, who finished
eighth overall and captured the
men’s 50-and-over first place fin-
ish, said he always look forward
to competing in the race because
it’s the first for the year and it
gets him motivated being around
a lot of the Church people.
Coming. off the Miami
Marathon last'week, Philip Moss
said he wasn’t' quite loose as he
would have liked to be, but he
went out and did what he had to
do.
“When I do another marathon,
I think I’m going to train to run
because it’s too much stress on
my hip until I get it check out,”

said Moss, who has dominated —

the walk segment of the race. °
Addressing the competitors as
they waited for the results to be
release and the trophies present-
ed, Bahamas Association of Ath-
letic Associations’ president Curt

Hollingsworth said this was a °

good opportunity for everybody
to come together in athletics.
And he assured the enthusias-












ei

















Se OP Pures u malas een ty aed, TUE our oo had rary

JONIQUE WEBB, the female walk winner, receives her
awards from Minister Derek Munroe (left) and BAAA's
president Curt Hollingworth (right) at the-BSC's 2009
Frank ‘Pancho’ Rahming Family Fun Run/Walk Road
Race on Saturday at the Charles W. Saunders High
School,.Jean Street.



tic crowd that the BAAA intend
to look at providing more road
racing events in the future for the
distance runners to compete in.
He congratulated Rahming, his
technical director in the BAAA,
for being honored by the BSC,
with whom he has worked to
develop the race from its incep-
tion in 2000 and also served as a’
commissioner in softball. . .
Also on hand was Minister
Derek Munroe, the Youth Direc-
tor for the Bahamas National’
Baptist Missionary and Educa-
tional Convention, who congrat-
ulated the BSC in honoring Rah-
ming for his contribution‘to. the
development of not only the BSC,
but track and field in general.
The meet was sponsored joint-
ly by Leisure Travel.and Tours,

‘Sports Haven, Gatorade, Vita-

malt, Pure Crystal. The BSC also
expressed its thanks to the
Bahamas Association of Certi-
fied Officials (BACO) for offici-
ating at the event again and the
Police, inclusive of Speed Cop
Rahming and Patrol Car officers
Hudson and Bain, for their
excort. .



50-and-over run
winner, receives .
his award from
BAAA’s president
Curt Hollingsworth
and Minister Derek
Munroe (left) and
patron Frank ‘Pan-
cho’ Rahming
(right).
























MINISTERS Jessie Hinzey and
Joann Webb (centre), receives
the awards from Minister Derek’
Munroe (left) and BAAA's presi-
dent Curt Hollingworth (right), for
winning the Church divisional title

. at the BSC's 2009 Frank ‘Pancho’

Rahming Family Fun Run/Walk
Road Race on Saturday at the

‘Charles W. Saunders High

School, Jean Street.



LENARDO BAIN, the 19-and-under
male divisional winner, receives
her awards from BAAA's president
Curt Hollingworth (left) and patron
Frank ‘Pancho’ Rahming (right) at
the BSC's 2009 Frank ‘Pancho’
Rahming Family Fun Run/Walk

*Road Race.on Saturday at the

Charles W. Saunders High School,
Jean Street.



PHILIP MOSS, the male walk
winner, receives his awards from
Minister Derek Munroe (left) and
BAAA's president Curt Holling- ~
worth (right) at the BSC's 2009
Frank 'Pancho' Rahming Family
Fun Run/Walk Road Race on Sat-
urday at the Charles W. Saunders
High School, Jean Street.
TRIBUNE SPORTS MONDAY, FEBRUARY 2, 2009, PAGE 13

re , SPORTS

v

Ow

Pros capture
championship

FROM page 15

Trailing 12-8 at the half, the
Pros came out in the third quarter
looking to open up the passing
game. :
Foster completed his first pass -

of the afternoon to Alex Rolle
and made a conscious effort to
work the ball to Jamaal Scavella.

The Pros regained the lead on
a quarterback sneak by Foster.

Edwards converted another
two points as. the Pros regained
the lead, 16-12. .

The Jets offence began to
unravel with three consecutive
bad snaps ultimately. killing the
drive.

Another bad snap in the punt-
ing game produced a fumble and
the Pros recovered in the end
zone for a safety to go ahead 18-
12. The Pros lone big play in the
passing game came on their next
possession when Foster hit tight
end Philip Moxey Jr. on a fade
yard post route, which Moxey
turned into a 40 yard touchdown
pass. The Pros failed to convert
but held a commanding 24-12
lead with just over 2 minutes
remaining in the third quarter.

Foster, who finished with two
touchdowns and won his 14th
league title as the Pros’ starting
quarterback said the Jets’ pre
game trash talk proved to be.
fruitless at the end of the day.

“You don’t talk this game, all
week long they talked, talked,
talked but to be the man you :
have to beat the man,” he said. i yy : THE PROS Number 5

Edwards who was named the : tries to gain yardage.
game’s Offensive MVP and _. : ‘

League MVP said his team was
not dissuaded by the loss to the
Jets earlier in the season.

“The loss to them earlier in the
season, it was not really bothering
us or affecting us coming into
today because we know we did
not really have our ‘A’ game and
we know they played as well as
they could possibly play,” he said,
“We knew if that was their best

| then we would not have a prob-
lem today.” aa

Hamilton, the Pros’ defensive
captain echoed his. team-mates
sentiments credited his team’s
ability to adjust to-the Jets offence
for the stifling defensive play in
the second half. :

“These guys are not on our lev-
~~ th, they said what they had to say,
but the game is not decided there,
we came out on the field and
destroyed them,” he said, “We
dropped our two safeties deep
and we tried to get as much pres-
sure as.we could on the quarter-
back, and in the second half they
just were not getting the looks
they were getting in the first half.
It was just a matter of us adjust-
ing, Valdez got a lot of his yards
early because his guard was
pulling and creating lanes but our
linebackers came out in the sec-
. ond half looking for that and we

were able to shut that down.”

Pros Assistant Coach Dwayne
Williamson said the game was
truly a tale of two halves.

“In the second half basically all
we did was hunker down defen-











\

BASKETBALL
BSA CHAMPIONSHIPS

THE Bahamas Scholastic Association will open its best-of-
three basketball championships today at the Kendal Isaacs
Gymnasium in all three divisions.

Ray Evans, who coached the Galilee Miracles to both the

‘junior and senior boys titles last year, will be heading the
Teleos Cheribums as they try to win an unprecedented three
titles this year. Teleos won all three pennants this year.

At 4 pm, Teleos will take on Zion in the junior boys final,
followed by Teleos against Mt. Carmel Cavaliers and then it
was Teleos vs Galilee in the senior boys nightcap.

While Galilee willbe out to defend their two boys titles}; Mt.
Carmel will be trying to win their third straight senior girls
crown.



We Re-Bath
eA Erle ee
In Just One Day!

Felipé Major/Tribune staff

a and out-of-date wall tiles...

No Mess. No Stress.
. “....we shot ‘@ --No Inconvenience.

aS | ourselves in SEE
the foot.” _ RE*BATH BAHAMAS

(Manufacturer's Lifetime Warranty).
Jets Head Coach

ts He Telephone
Obie Roberts (242) 393-8501 “Authorized Dealer

SCOTS TR AO Teme CU PE TR URN CORO Tie TM IML ecIa=t\ SlUcr
Open Monday - Friday - 9:00 a.m. - 5:00 p.m.
















THE JETS are thwarted'aga

in'by
the Pros... sayeeaaes



Felipé Major/Tribune staff












sively. In the first half we allowed . fA
them to get into a rhythm with casos oi ay .
their quarterback and in their Her™’DQY ~ CXKK 0 Cg).
running game, but we made some ja—z . < s As
adjustments with our defensive oe Oe say — ‘



BC ae

end and our linebackers to get
them out.of their rhythm,” he

. said. Williamson credited Defen-
sive MVP Arthur Thompson Jr.
for being the catalyst to the Pros’
defensive turnaround.

“It really all started with our
nose tackle, he destroyed their
center.and they were really hav-

‘ing problems coming from that.
The Jets offensive game, we know
they can not move the ball down-
field, they rely on big plays. We
knew if we limited their big plays
then you would have no problem.

‘ All we had to do was play disci-
plined,” he said, “We have a mot-
to. with our team, when you say
championship, we say Pros. You
do not win championships by
talking; you win championships
by doing it on the field.”

Jets Head Coach Obie Roberts
said his team’s loss was due in
large part to a series of missed
opportunities.

“We had a lot of opportunities’
to take advantage of, we shot our-
selves in the foot. In the second
half they overpowered our
defence,” he said, “They con-
trolled the pace of the game in
the second half, they ran the ball
they were methodical and they :
were able to get into the end
zone.” y

Roberts noted that the specia
teams woes undid his team but
congratulated their opponents on
another championship win.

“Special teams was our real
downfall today, we gave up a
touchdown and another score on
a safety and they proved to be
_ the deciding factors in the game,”
he said, “Hats off to the Pros, the
Jets right now have to regroup.

Major/Tribune staff

ipé

He
Ege:

\
EJ

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PAGE 14, MONDAY, FEBRUARY 2, 2009

TRIBUNE SPORTS







ress Release



BD Semas canines
Lightbourne

Marine






























Three boats won bragging rights in Leg 2 of Lightboume Marine's Annual Wahoo Chalenge on Saturday
January 24th.




Anglers left Hurricane Hole on Paradise Island at six am and took off for an exciting day of intense high
speed trolling from Abaco and Andros to the Berrys, Eleuthera and the Exuma Sound for the coveted game
fish. Faced with a stiff breeze but gorgeous sunny weather the crews gave it everything they had up to
weigh-in time at 4:00 P.M., when one by one they pulled in to Hurricane Hole to tally up their four heaviest
Wahoo.






Rachel Lightbourne, tournament organizer & IGFA rep for Nassau, said “I’m blown away by the level of sup-
port from the local sports fishing community- they really came out in force....that’s what makes it sucha
blast for everybody.”






Chris Lloyd of BASRA and Rachel presented the winners with striking hand-crafted trophies later that eve-
ning at the Green Parrot Bar & Grill on East Bay St. Team “White Rat” took first place, fished by owners
Scott & Candy Kelly with Jeff Waugh, Travis Kelly, Judson Thompson and Gary Sands, followed by “Deep
Drop” in second with George Glynatsis, T. Cathopoulis, Steve Hoffer, Nicolas Mosko, Alex Maillis and
Rachel Lightbourne; and “Kingfish” in third with Paul King, Keith Kelty, Adam Dann, Bobby Blanche, Peter
Ensio, and Jim Bernard.







Lightbourne Marine would like to send a special thanks to our generous sponsors: Bahamas Wholesale
Agency, Sands Beer, and Green Parrot Bar & Gril, as well as the committee members and volunteers who
peed:







“We look forward to next year’s tournament, and Sueputege more ladies and j junior anglers to come out and
fish with us!” said Rachel.










Prince Charles Drive
Fax: 324-5382




SPORTS



Shamar Sands enjoys glowing
start to European campaign

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



SHAMAR Sands had a glowing start to his Euro-
pean campaign over the weekend as he helped the
Commonwealth Select team take home the title at
the Aviva International Match.

Sands, one of three Bahamians representing the.

Commwealth Select, matched his national record
of 7.59 seconds (set back in 2003 in Fayetteville,
Arkansas) as he won the men’s 60 metres hurdles
before a sold out crowd of 3,500‘at the Kelvin Hall
in Glasgow, Scotland.

The nearest competitor to Sands was Great
Britain’s Andy Turner in a sesson’s best of 7.64.
Germany’s Helge Schwarzer was third in 7.69.

The Commonwealth Select, which also featured
sprinters Chandra Sturrup and long jumper Jackie
Edwards, won the one-day meet with 60 points.
Aviva GB and NI were second with 57, followed by
Germany with 51, the United States with 46 and
Sweden with 37.

Sturrup just missed making it a double dose of vic-
tory for the Bahamas and the Commonwealth Select

in the women’s 60 metres as she fell short to Amer-
ican Angela Williams. Williams won the straight
away race in 7.32, followed closely by Sturrup in
7.34 as she nipped Germany’s Verena Sailer, who
had to settle for third in 7.35.

And Jackie Edwards, who has vowed to turn
things around after her disappointing performance
at the Olympic Games in August, ended up with a
third place finish in the women’s long jump.

Edwards produced a best of 19-feet, 8 1/2inches
(6.01 metres) on her third attempt: She did 19-6 3/4
(5.96) on her first, scratched the second, fourth and
fifth and closed out with a 18-8 (5.69) on the sixth.

Sweden’s Sophie Krauel topped the field with
her leap of 20-10 1/2 (6.36) on her final attempt.
She opened with a 20-6 1/2 (6.26) after scratching the
second arid third, came through with 20-8 (6.30) on
the fourth and 20- 10 (6.35) on the fifth to maintain
loz rosition.

American Funmi Jimoh ended up second with
20-8 1/2 (6.31), her best coming on the second
attempt after she scratched the first attempt.

While Edwards is expected to return to the Unit-
ed States to continue her training, Sands and Sturrup
are both due to remain in Europe to compete again.

East Bay Street, P.O. N-4894, Nassau Bahamas, Ph: 242-303-5285 Fax’ 242-393-6236 |



AUSTRALIAN OPEN

Natal ousts
Federer

@ MELBOURNE, Australia ;

Roger Federer had nowhere to
hide. Rod Laver was about to
present the cup to Australian
Open champion Rafael Nadal.
Federer stood on the court, hav-
ing just'missed his first chance to
equal Pete Sampras’ record 14
Grand Slam singles titles.

He was sobbing. He couldn’t
speak. “In the first moment
you're disappointed, you’re
shocked, you're sad, then all of a
sudden it overwhelms you,” Fed-
erer finally said, referring to his 7-
5, 3-6, 7-6 (3), 3-6, 6-2 loss to
Nadal in a momentum-swinging,
4-hour, 22-minute title match
Sunday night.

“The problem i is you can’t go in
the locker room and just take it
easy and take a cold shower.
You're stuck out there. It’s the
worst feeling. .. It’s rough.”

Nadal, the first Spanish man to
win‘the Australian Open, beat
Federer in Grand Slam finals on
clay and grass last year. He added
the missing link Sunday with his
first major title on hard courts.

The 22-year-old Spaniard is 5-
2 against Federer in champi-

onship matches at the majors —

3-0.in the last three — and 13-6 in
career mectings.

$! Doors! Doo

Available @

ENTERP





P.O. FH



ISES

Tel: (242) 324-1943
14378

Knowles and Bhupathi let title slip

FROM page 15

The Americans just went to work in the third and final set anc
Knowles and Bhupathi were never able to get back into the match.

“It’s really hard, that’s for sure. It’s as hard as it gets for a tennis
match, that’s for sure,” he reflected. “We had break point opportuni-
ties to go up a set and we lost all the momentum that we had.

“We were very close to the finish line there, but we were unable to
cross the line.”

This marked the first time that Knowles and Bhupathi played the
Bryans ina Grand Slam Final. But after winning in other tour events
in the past, Knowles said he was certain that they could do it when it
count the most. “They’re one of the best teams in the world and they
will continue to be there,” said Knowles, about the match that has been
a torn in his side over the past decade where he trail 18-12 with his for-
mer partner Daniel Nestor combined against the Bryans.

“The path is always going to go through those guys, so I’ve had suc-
cess against them in the past. We gave it our best tonight. We were right
there. We were one or two points away from winning the match. We

_ just came up short. So it’s disappointing for us for sure.”

Knowles and Bhupathi, who will move up the ladder from third to
second on the ATP computer rankings behind the Bryans today, will
take the next two weeks off to recuperate.

The first week, Knowles said he will spend at home with his family
in Dallas, Texas before he return home to the Bahamas for the final
week. “Bhupathi played a great match, but it’s so much you can take
with a Grand Slam loss,” Knowles stated. “We went to the Grand
Slam final, but you want to win that match.

“T really wanted it more for Mahesh because he would have com-
pleted that career Grand Slam sweep, having won all but the Australian
Open.”

Knowles said they had a great two weeks and they played to the best
of their ability, so they know they can still hang their head high as they
leave Australia. “I’m playing to win the big tournaments and getting the
Grand Slam titles,” he insisted. “So I’m disappointed that we didn’t get
this one, but we made the Grand Slam final.

“Sometimes it takes a little bit of luck and sometimes it just takes that
little to get over the final hurdle. I’m ve been in ten Grand Slam finl,
but unfortunately I only won three of them, so I have: to continue

.. pugging away: That is what sports is all about.”








THE TRIBUNE PAGE



MONDAY,



Knowles and

Bhupathi let title

slip from grasp



Si

INDIA'S Mahesh Bhupathi, front, hits the ball watehéd oH
by partner Mark Knowles of the Bahamas as they play
Bob and Mike Bryan of the United States in the final of
the Men's doubles at the Australian Open Tennis Cham-

| pionship in Melbourne, Australia, Saturday, Jan. 31,
2009.



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

MARK Knowles and Nahest Bhupathi had their first
Australian’ Open men’s ‘doubles Grand Slam title right
in their hands and they let. it slip away from them. ,

On Saturday night in Melbourne,, Australia, Knowles
and Bhupathi had taken a 6-2 win in the first set, but they
watched helplessly as the American identical twin broth-
€19 Boh and Mike Bryan stormed back.

The Bryans, seeded at number two in the two week
old tournament, won the final two sets 7-5, 6-0 to complete
the match in 97 minutes to earn their third Australian
Open crown and their seventh Grand Slam championship
title. For Knowles, who was hoping to earn his second
Australian Open crown and the first for Bhupathi, it was
a performance that he won’t forget just now.

“We got off to a flying start after we played great in the
first set,” said a dejected Knowles in an interview with The
Tribune from Melbourne after the match.

“Then in the second set, we had a lot of opportunities.
We went up three break points at 2-2, 3-3 and 5-5 and we
didn’t get it.”

At the last break point, Knowles lost his serve and the
Bryans held to level the playing field at 1-1.

SEE page 14

INDIA'S Mahesh Bhupathi, left, hits the ball watched
by partner Mark Knowles of the Bahamas as they
play Bob and Mike Bryan.

FEBRUARY 2,

AP P Photo/Andrew Brownhbi






AP. Photo/Rob Griffith



2009







Boil Fish Bowl

Pros capture

WM 24-12 victory over the John
Bull Jets secures Boil Fish Bowl

16-point third quarter sees

Pros take control

lH By RENALDO DORSETT
Sports Reporter ~
rdorsett@tribunemedia.net

he Commonwealth American Football League’s most

storied franchise overcame a half-time deficit at the hands

of a team that gave them their first loss in over three

seasons and further solidified their status as an undebat-
able dynasty by capturing yet another league championship.

The Orry J. Sands Pros shut out the John Bull Jets in the second half
to claim the 30th edition of the Boil Fish Bowl, 24-12, Saturday at the
D.W. Davis field.

In a complete dismantling of the league pennant winners, the Pros
scored on offence, defence and special teams, highlighted by a 16
point third quarter to take control of the game.

The Jets scored on the game’s opening possession, dominated by the
running game.

Valdez Bodie picked up three first downs and ran in the game’s open-
ing score from eight yards out.

The Jets.failed the conversion but held a 6-0 advantage.

The Pros game plan was deliberate from the outset with their open-
ing possession featuring a heavy dose of Charles Edwards Jr.

Edwards received six straight handoffs however failed to get into the
endzone as the Jets defence bolstered for a successful goal line stand.

Special teams woes for the Jets began in the first quarter, as routine
punt following a three and out turned into the Pros first score of the

afternoon.
Shanked

A shanked punt against a strong headwind rolled back into the end
zone and Keno Nixon recovered for the score.

Edwards converted to give the Pros an 8-6 lead.

With the wind playing such a factor in the passing game, both run-
ning backs carried the bulk of the offensive load in the first quarter.

Following a Jets’ turnover on downs, the Pros kept the ball on the
ground on their next possession, however after another four consecu-
tive carries, Edwards fumbled and the Jets recovered for the game’s first
turnover.

After another stalled drive near midfield, the Jets were forced to punt
and again a bad snap over the head of the Bunter benefited the Pros as
they recovered in the redzone.

* They would fail to take advantage of the short field as on the first
play, pros quarterback Mike Foster threw an interception to Kendal
Alcide.

The.turnover would be short lived as Jets quarterback Drameco.

Clarke was picked off by Ricardo Hamilton on the very next play
and he returned the ball within the five yard line.

An Edwards’ touchdown run three plays later was called back ona
holding penalty.

The Jets defence pressured Foster, forcing a fumble, recovered by
Alcide near the Jets’ 40 yard line.

With 1:58 remaining in the first half, the Jets executed a flawless two
minute drill for their second touchdown of the game.

After going just 1-5 through the air on the first three possessions,
Clarke completed 4-5 passes during the two minute drill which includ-
ed catches by Eldon Ferguson, Ishmail Sutherland, and a pair of catch-
es by Reggie Knowles, the latter of which placed the ball at the Pros one

. yard line.
Clarke ran the ball in on the quarterback meee tf the next play to give

the Jets a 12-8 lead just before the half.

SEE page 13

acti ct

Lireley pe ete) E10)

eR





PHOTO by Felipé Major/Tribune staff
THE JETS’ Ishmail Sutherland, known.as The Rocket, breaks defence as he
runs after kickoff.



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(THE






@ By NEIL HARTNELL
Tribune Business Editor

TRIBUNE




MONDAY,

aii to meet |
CLICO on ‘financial
position’ fears

;
iy ’ ‘ 18 }
* Parent's bail-out by Trinidad government



senior

govern-

ment

: m minister
will this week meet
.CLICO (Bahamas)
executives to discuss
“major regulatory con-
cerns” surr rounding the
company.’s financial p»
position, a.situation —
made more urgent by Fe
Friday’s bail-out of its
parent firm — the’ same
parent that guaranteed
a $57 million loan that
accounts for 59 per:

key assets.

Zhivargo Laing.



cent of the Bahamian insurer’s assets. __
Zhivargo Laing, minister of state for finance,

confirmed that he and Lennox McCartney, the
Registrar of Insurance, had previously been
scheduled to meet with CLICO (Bahamas)
executives, and principals from its Trinidadian
‘parent, CL Financial, prior to last week’s move’
by the Trinidad & Tobago government to bail-
out the latter by taking effective control of its

that,”

Airport finance completion
held up by ratings

@ By NEIL HARTNELL
Tribune Business Editor

“THE Nassau Airport Devel-

opment Company (NAD) is
hoping to complete the $310
million first phase development
financing this week, Tribune
Business has been told, with an
international credit rating
agency review critical to deter-
mining the interest rate it will
pay bond investors,

Frank Watson, the Airport
Authority’s chairman, con-
firmed that while NAD had
received commitments/indica-
tions that the three financing

tranches would be fully taken ©

* Chairman says correct
invesinient grade rating
from Fitch key to
determining interest
payments

* Hopes for end this w wale

with construction start on
$410m project in Q2 2009

* Airport needs security
checkpoint removal to
accommodate new retailers

See AIRPORT, 9B

Increase in Canadian visitors

i By CHESTER ROBARDS |
Business Reporter
CANADIAN visitors to ‘the

CORRECTION

A headline and story pub-
lished in Tribune Business on
Friday, January 30, 2008,

described an ocean thermal

energy provider as saying this
A form of sustainable energy
delivered a “bigger bank oye
your buck”. It should, of
course, have said “bigger bang
for your buck”. Tribune Busi-
ness apologises for the error...



Bahamas have grown by around
40 per cent in just three years, a
growth rate greater than the
overall tourism market itself,

-according to a Ministry of

Tourism Canada affiliate that
produces millions of dollars
worth of advertising that tar-
gets that market. :
Punch Canada’s Bahamas
tourism campaign reached 1.6
million Canadians in Toronto,
Calgary and Montreal in 2005, a
figure that sky rocketed to 2.3
million in 2008.
. The Bahamas Ministry-of

_. See VISITORS, 3B

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by of an enilosed aud elevated NVGeAAyoN tportehliay eat
PHbUNCehy nies flor AConeanbraiuetta tal yyiteln pele nenaUN (ire) Qiu Lie
ae ah oe GAM Rate ncuttumeantconeatonns sel aun(sifuotenghsgiiats
ue jefe ayn ae aie) CU Masia slargaret Ey Wetuten’ oy oh
) SHG Oa oto

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Nah eee



havaliel Nail nabs

FEBRUARY 2,

raises concerns about its $57m guarantee
to back loan representing 59% of
Bahamian insurer's
* Laing says topic will be key issue he
and Registrar will discuss with firm's
principals this week
* Regulator says ‘major discussions’
over insurer's financial status
ongoing since late last year
* Insurer says no impact from parent's woes

The Bahamian insurance industry was alive
with rumours last Friday that the Registrar of
Insurance’s Office, working with the Central
Bank of the Bahamas, had followed their
Trinidadian counterparts by taking effective
control of CLICO (Bahamas).

However, both Mr Laing and Mr McCart-
ney denied this was the case. “There was no ,

takeover as far as I’m aware. I’m not aware of
Mr Laing told Tribune Business. “I’m
having a meeting with the Registrar of Insurance

See CLICO, page 2B

SECTION B PeeeTreeenecreeete






s assets

Efficiency could save 20% of energy costs

@ By NEIL HARTNELL
- Tribune Business Editor

THE Bahamas could “save
up to 20 per cent/of energy
costs”-by. making its: buildings

and Construction Code more’

energy efficient, an Inter-Amer-
ican Development Bank (IDB)
specialist told Tribune Business,

with further savings generated -

by making energy supply 15-20
per cent reliant on renewable
power sources.

Christiaan Gischler, who will
lead the IDB team working on
two related energy projects in
the Bahamas, said the initiatives

— for which the Bank is provid- ©

ing $1.45 million in combined
funding — were “essential” for
the Bahamian economy and





















(2009

Confidence For Life



Judge rules case
exists over Hilton
marina deal

@ By NEIL HARTNELL
Tribune Business Editor

THE British
Hilton’s holding company, two
affiliates and a former broker
for the resort’s sale do have a
potential case to answer in rela-
tion to an $85 million lawsuit
over a failed marina project
adjacent to the downtown Nas-
sau hotel, a New York judge
has ruled.

Unveiling his January 21,

2009, ruling on two separate-

motions by the British Colonial
Development Company, bro-
ker George Allen and the
resort’s two major sharehold-
ers/owners to dismiss the action

lJaunched by Island Global
Yachting (IGY), Judge Charles:

Edward Ramos ruled that while
some of the latter’s grounds for

complaint should be struck out,

others remained valid and could
be heard at trial. .

However, the judge, sitting in
the New York State Supreme
Court, threw out the charges

Colonial,

* New York court strikes out some defendants, crpanl
grounds in $85m lawsuit over deal blow-up

* But rules downtown Nassau hotel's holding « company,
affiliates and broker do have potential case to answer

levied by IGY against the

resort’s two major sharehold-
ers, PRK Holdings (the invest-
ment vehicle for the Canadian
Commercial Workers Industry
Pension Plan (CCWIPP), and
Adurion Capital.

The latter is the Swiss and

London-based private equity

boutique/investment house that
acquired a majority interest in

the British Colonial Develop- —

ment Company from PRK

Holdings in late 2006/early 2007.

Judge Ramos removed both

’ shareholders from the lawsuit;

dismissing the complaint against
them, and also dismissing some

of the complaints against the,

-hotel’s holding company and

M¢ Allen.

However, Judge Ranids

‘found that IGY had effectively

IDB specialist says Bahamas could have 15-20 per
cent of power come from renewable sources °

wider society for a variety of
reasons.

“The energy matrix of the
Bahamas is 100 per cent based
on fossil fuels, and every time
the price of oil increases, like

last year, when it got to $147.

per barrel, the budgeted cost of
electricity was huge,” Mr Gis-
chler told Tribune Business.
By including renewable ener-
gy in its power supply matrix,
as the Bahamas Electricity Cor-
poration (BEC) is attempting
to do through its current ten-
der for renewable/sustainable
energy suppliers, Mr Gischler

' said the Bahamas would be able

ine. reality...



Every idea begins with a seed of thought.
Colinalmperial can take those seeds and turn

. them into reality. Thats the ‘differance betwean

Confidence for Life and a lifetime of dreaming.

www.colinaimperial.corr

to lessen the drain on its for-

ernment cash flow and the
wider economy through high oil
import volumes.

“Reducing foreign imports

will provide extra funding for

education, social services,” he
added. “Then you have the oth-
er issue of energy security. You
will be producing your own
power, and not be dependent
on someone selling oil at a price
you have no power over. That’s
an incredible advantage.

“You can create jobs [from

See ENERGY, 5B

". See HILTON, pagt 4B

established a prima face case
against the British Colonial
Development Company and
two property-holding affiliates,
Ocean Bay Properties I and
Ocean Bay Properties I, plus
Mr Allen, for alleged breach of
contract and for failing to per-
‘ form their side of the deal.

He also found that the three

‘companies, plus Mr Allen,

needed to answer allegations by
IGY that its intellectual prop-
erty — business plan and ideas
for the marina project adjacent
to the British Colonial Hilton
— might be used by themselves
to develop the project with
another investor. —_-
Recording how the dispute,



eign exchange reserves, gov- &


PAGE 2B, MONDAY, FEBRUARY 2, 2009



BUSINESS

The Bahamian Stock Market

FINDEX 826.85 (-0.96%) YTD
CLOSING CHANGE VOLUME YTD PRICE

BISX
SYMBOL PRICE

; AML $1.40 ‘$e
& By Royal Fidelity Capital the 25 listed securities. Most last week's trading volume -of Benchmark (Bahamas) BBL $0.63 $-0.03

Markets stocks that traded saw a decline. — 9,506 shares. (BBL) saw 1,000 shares trade, BOB. $7.64 $.

SS dee ae pean te, Commonwealth Bank Limit-" falling by $0.03 to end the week BPF $11.00 Pus
THE trading momentum EQUITY MARKET ed (CBL) led the volume with at $0.63. Colina Holdings BSL $9.58 $-0.30

increased last week in the A total of 57,620 shares 56,397 of its shares trading, the | (CHL) traded 223 shares to end BWL $3.15 $-

Bahamian market with changed hands,representing an stock price declining by $0.17 the week unchanged at $2.83. CAB $13.95 $-
investors trading in three out of increase of 48,114 shares versus _ to end the week down at $6.83. : CBL $6.83 $-0.17

BOND MARKET. CHL $2.83 :

ean TT ee No notes \jtraded in the’ CIB $10.45 $-
eons uae ay Bahamian market this week. CWCB $2.34 $0.21

a DHS $2.40 $-

COMPANY NEWS FAM $7.80 Ge

| Ge Earnings Releases: FBB $2.37 $.

Commonwealth Bank (CBL) FCC $0.30 es

: : ee % ¢ released its chairman's report. FCL $5.17 Re

Tel: 242.328.0264 Canes le areal Ch OL the uuaadiied faaneiel bats $1.00 ‘

, Fax: 242.325.6878 » www.premiertravelbahamas.com | results for the year ende FIN $11.87 $-

© © = December 31, 2008. ; ICD 5.59 fe

RTC SEMBE LIM CM OUI] COOME Totalasctsstoodatgiabi- JS ios0.

lion versus $1.2 billion in 2007. PRE $10.00 $e

full-service travel agency.
Let us help you explore some great





International Markets




e if awa FOREX Rates |

Yel pein atl : Weekly % Change
CAD$ 1.2272 0.39
GBP 1.4516 45.10
EUR 1.2797 “bAG







Commodities








Weekly %Change

Crude Oil $41.53 -9.22

including taxes and fees. Gold $929.20 +3.08
Must be purchased by International Stock Market Indexes:

‘Feb 10th, 2009 Weekly % Change

Call our office for DJIA 8,000.86 -0.95

more information. S & P 500 825.88 -0:73

p& NASDAQ 1,476.42 -0.06

Nikkei 7,994.05 +3.21



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THE TRIBUNE










CHANGE

0 -18.13%
1,000 -4,.55%
0.00%
-6.78%
-5.99%
0.00%
-0.57%
-2.43%
0.00%
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-5.41%
0.00%

nuooo°ce
ON
Ww
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—~

Fy

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NO
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SococcocooccoocCO



Net income available to com-
mon shareholders increased by
2.4 per cent to $43 million.
Earnings per share increased
to $0.44 versus $0.43 in 2007.

Private Placement Offerings:

FOCOL Holdings (FCL)
announced it will be extending
the deadline of its private place-
ment offering. The preferred
shares will be paying a dividend
rate of prime + 1.75 per cent,
payable semi-annually.

Dividends/AGM Notes:

Focol Holdings (FCL) has
declared a dividend of $0.03 per
share, payable on February 12,
2009, to all shareholders of
record date January 30, 2009.

Consolidated Water Company
(CWCB) has declared a divi-
dend of $0.013 per share,
payable on February 7, 2009, to
all shareholders of record date
January 1, 2009.

Commonwealth Bank (CBL)
has declared a dividend of $0.05
per share, payable on February
27, 2009, to all shareholders of
record date February 13, 2009.

CLICO, from 1B

on the matter soon. I, along with,
the Registrar of Insurance, am
meeting with the CLICO princi-
pals néxt week to discuss their
situation; to discuss the current
circumstances surrounding their
company.”

In a statement, CLICO
(Bahamas) said it would not be
impacted by events surrounding
its parent. It said it “remains sol-
id with sufficient assets to sup-
port all of its liabilities.

“CLICO (Bahamas) wishes to
make it clear that developments
in Trinidad on Friday involving C
L Financial Limited have no
financial impact on CLICO
(Bahamas). CLICO (Bahamas)
is a separate entity within the CL
Financial Group, and none of its
assets are intertwined with CLI-
CO (Trinidad).”

However, the key issue is a $57
million loan made by CLICO
(Bahamas) to an affiliated com-

‘pany that is also owned by its

Trinidadian parent. That loan
accounted for some 59 per cent
of the Bahamian insurer’s total
assets as at the December 31,
2007, last balance sheet date.

The borrower, CLICO Enter-
prises, had invested the majority
of funds advanced to it in what is
likely to be one of the world’s
worst investment options (in the
current climate), a Florida-based
real estate development. :

Deloitte & Touche (Bahamas),
in its 2007 audit report on CLI-
CO (Bahamas), noted that it was
only a guarantee by CL Finan-
cial, pledging that it would hon-
our CLICO Enterprises’ obliga-
tions to the Bahamian insurer,
that prevented the latter’s man-
agement from impairing the loan.

Given the poor financial con-
dition of CL Financial, as evi-
denced by Friday’s action by the
Trinidadian authorities, it
appears highly unlikely that the
company will be able to perform
its $57 million guarantee. And
with the Florida real estate mar-
ket still in a funk, and prices
locked in a downward spiral, the
value of CLICO Enterprises’
investment is likely to have dete-
riorated further, with a/l the
implications that entails for
repaying CLICO (Bahamas).

Deloitte & Touche (Bahamas)
did not qualify jts pinion on
CLICO. (Bahamas) financials,
but still highlightd the fact that
almost 59 per cat of the com-
pany’s $97,352 nillion in total
assets were inveted in loans to
CLICO Enterpries Ltd.

The audit reprt found that
CLICO Enterpries’ main invest-
ment, the Florda-baied real
estate project cdled Wdlington
Preserve, sufferd a mee than
20 per cent declite in maket val-
ue, falling from an apyraised
$104 million at ear-end 006 to
$80.5 million a year-ent 2007,
due to the colla’sing Florilg real

SEE page 6-7B
THE TRIBUNE



To advertise in The Tribune-
the #1 newspaper in circulation,

Tourism facing some
marketing challenges

@ By CHESTER ROBARDS
Business Reporter

THE Ministry of Tourism has
spent millions of dollars recent-
ly on new advertising cam-
paigns, familiarisation trips and
product placement in an effort
to reinvigorate visitor interest
during a global slowdown in the
tourism sector.

Vernice Walkine, director-
general in the Ministry of
Tourism, in an oblique refer-

’ ence to the furore surrounding
the death of John Travolta’s
son, said the media, including
the ministry’s affiliates abroad,
must help to counteract nega-
tive press in new, dynamic ways
as Bahamian campaigns move
forward.

“I want to remind all of us
that as a tourism-centric nation,
perception really does play a
very large role in initiatives
worldwide,” she said.

Bahamian media were intro-
duced to the media houses that
showcase the Bahamas to dif-
fering world markets. Among
those present were Foxkalo-
maski out of the United King-
dom, New York-based Weber
Shandwick, Punch Canada Inc.,
Lagrant Communications and
Arnold Worldwide.

“A well-informed partner is
very helpful to us. It helps up us

.to keep our name top of mind,’
helps us to continue to protect
and promote the brand in this
very challenging and competi-
tive industry we find ourselves
in,” said Ms. Walkine.

A representative of one of
the firms revealed to Tribune
Business that upwards of
$20,000 was spent to bring jour-

Increase
in Canadian
visitors |

FROM page 1B m

Tourism has tapped the fourth
largest market in the Americas
by running myriad ad cam-
paigns simultaneously in differ-.
ent media throughout Toronto.
Stewart MacPhee, Punch’s
_ president and chief executive,
said visitors from Toronto rep-
resented 63 per cent of Canadi-.
ans who came to the Bahamas.
Montreal represented 15 per
cent, and Calgary 9 per cent.

- Mr MacPhee said 75,000
Canadians visited the Bahamas
in 2005, a figure that was
expected to increase further in
2008, underscoring the impor-
tance of capturing the market.
He said that although the fig-
ures were not in, visitors from
Canada were estimated to have
reached 115,000 people last
year.

“Based on some information
that we have, we’re pleased to
say that we’re.going to hit our

target of [Canadian visitors],”

said Mr MacPhee.

_ Punch saturates the Canadian
market with ads teeming with.
authentic Bahamian scenes and
themes, branded with the “Its
Better in the Bahamas” ‘slogan.
They use radio, out of home ads
(any ads seen outside the
home), and online media to
reach their target audiences.

According to Punch’s media
director, John Marraffino, ads
are strategically placed in key
districts such as theatre districts,
financial districts, trendy resi-
dential neighbourhoods and on
transit vehicles.

He said huge trains and street
cars can be seen commuting
around Calgary and Toronto
completely wrapped in colour-
ful Bahamian beachscapes and
Junkanoo scenes, restating

‘ boldly that “It’s Better in the
Bahamas.” | '

“In Toronto we have four of
these cars going throughout the
downtown cord, and they gen-
erate millions of impressions |
for us,” Mr Marraffino said. |

“There’s the street cars for!
the islands of he Bahamas in
general; there is one for
Eleuthera; there is one for
Grand Bahamg one for Exu-
ma and one for Nassau.

“In Calfary ve are using the
light rai) traits and we’ve
wrapped jour ofthose trains.”

raffino also.said the

Bahamafis represented online

52 weekjout of the year, where





Vernice Walkine

nalists down to Nassau to cover
an event. He noted that it was
important for the Bahamas to
brand itself through media cov-
erage within the US.

However, according to Ms
Walkine, recent news has not
portrayed the Bahamas in a
positive light,

“We at the Ministry of

Tourism and Aviation need to
solicit your cooperation in
showcasing our islands in the.
most positive light possible,”
she said. _

Ms Walkine said the “It’s bet-
ter in the Bahamas” slogan was
being negated by negative visi-
tor feedback, but it was recent-
ly reintegrated into ad cam-
paigns because now “It is better
in the Bahamas.”

“For a while it really wasn’t
better in the Bahamas, and we
recognised that we were being
challenged by our customers
when we said it was better in.
the Bahamas. Some of them,
for a while, had not been the
recipients of a good experience
so they began to challenge the
statement,” said Ms Walkine.
“It has never been more com-
petitive and challenging as it is
today.”

| Temple Christian High Sets

Temple Christian High School

Entrance Examination

740

An he

Temple Christian High School will hold

its Entrance Examination on SATURDAY,
FEBRUARY 7th, 2009 at the school on
Shirley Street from 8:00a.m. - 12noon for
students wishing to enter grades, 7,8, 9 and

10.

Application: forms are available atthe High
School Office. The application fee is twenty
dollars ($20.00). Application forms should
be completed and returned to the school by
Friday February 6th, 2009 |

For further information please
; call ;
394-4481 or 394-4484





based on standard room category

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MONDAY, FEBRUARY 2, 2009, PAGE 3B

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502-6338/9

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courses if a minimum number. of
students have not registered. Students
will receive.a full refund if classes) are
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Res memes RST NABER RET GN HG


PAGE 4B, MONDAY, FEBRUARY 2, 2009

THE TRIBUNE



Judge rules case exists over Hilton marina deal

FROM page 1B

had arisen, Judge Ramos said
IGY’s investment vehicle, IGY
Ocean Bay Properties, had
signed an agreement to acquire
five acres of undeveloped
waterfront land in Nassau on
November 7, 2005, from the
British Colonial Development
Company and its affiliates.
The agreement, which was to
ultimately develop a joint ven-
ture marina, was structured so
that IGY would acquire the
land by paying $8 million in
cash and providing a $10 mil-
lion equity interest to the Hilton
companies in the joint venture,
“The goal was to develop the
property and the adjacent
seabed into a mixed-use mega
yacht marina and resort with
commercial and residential

facilities,” Judge Ramos said.
A shareholder agreement for
the joint venture was to be
closed within 90 days of the land
purchase, since it was required
to obtain a Heads of Agree-
ment for the development from
the Bahamian government.

Judge Ramos said the Heads
of Agreement amounted to “a
licence” approving the land sale,
lease of the seabed from the
Crown, and all other necessary
approvals. “The entire project
was dependent on obtaining the
Heads of Agreement because
the property could not be sold
to IGY without it,” the ruling
said.

“The purchase agreement
contains provisions requiring
the sellers to act in good faith in

assisting IGY to obtain the nec--

essary approvals from the

‘Bahamian government, and in

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the requisite skills, work ethics, a desire for an opportunity °
to grow in your chosen career, and to.coritribute to and
benefit from a long and mutually- -beneficial working

relationship.

Send details to your qualifications by email to:
(info@baharetreat.com), :
or drop off to Baha-Retreat Spa & Salon
' East Bay Street
Attention: Mrs. McKenzie

’ Please include contact information and the most
convenient time to reach you.



BAHAMAS REALTY trp

COMMERCIAL
In association with:

CBRE ©

CB: RICHARD ELLIS

W. Larry Roberts



LEASING OPPORTUNITY

:

T: 242.396.0026 | C: 242.424. 7933

lroberts @bahamasrealty.bs

Donald Martinborough

T: 242.396.0029 | T: 242.396.0000
dmartinborough @bahamasrealty.bs

www.BahamasCommercial.com

For further

information, contact:

LINDSAY IRELAND

Communications

1-416-780-1779

This offering is subject to errors, omissions, change in price or withdrawal without notice.

executing a finalised share-
holder agreement.”

The closing date for the land
purchase, originally scheduled
for September 30, 2006, was
extended twice — to January.31,
2007, and then to June 30, 2007,
Judge Ramos found.

By December 2006, all
approvals and permits had been
obtained, apart from the share-
holder agreement and the
Heads of Agreement. For the
latter to be concluded, the for-
mer was needed.

“In early December 2006,
Allen notified IGY that Adu-
rion had acquired a majority
voting interest in the British
Colonial Development Compa-
ny,” the judge’s ruling found.
“Tt was then requested that IGY
consent to the assignment of a
portion of British Colonial
Development Company’s inter-
est in the project to Adurion.

“Allen, acting as an agent for
the sellers, specifically repre-
sented to IGY that Adurion
would cooperate in completing
the project as set forth in the
purchase agreement, and would
execute the shareholder agree-

ment with the terms already
negotiated by the parties. Rely-
ing on Allen’s representations,
IGY consented to*the assign-
ment of a portion of British
Colonial Development Compa-
ny’s interest to Adurion.

“After the assignment, Adu-
rion began demanding that re-
negotiations take place with
respect to the purchase agree-
ment and the shareholder
agreement. Adurion also caused
the other sellers to raise addi-
tional objections that were
inconsistent with the funda-
mental terms of the purchase
agreement and goals of the pro-
ject.”

The ultimate result was that _

the shareholder agreement and
Heads of Agreement were nev-
er completed, and IGY
launched its legal action for
alleged breach of the purchase
agreement due to the other par-
ties “unreasonably withholding
their approval and delaying the
execution” of the shareholder
agreement. —

However, PRK Holdings and
Adurion Capital were successful
in convincing Judge Ramos that

ACCOUNTANT/MANAGER

Local firm seeks qualified Bahamian for the following position:

Skills & Abilities:

Proven skills in business and financial management.
Excellent, proven interpersonal, verbal and written communication

skills.

Ability to function independently but work as part of a team.
Proficiency in Microsoft Office programs.
Knowledge in Quick Books, Accounting Software an asset.

Education & Experience:
¢ - BA in Accounting preferred.

e Aminimum of five (5) years experience in Business/Accounting

management.

Offer's competitive salary & benefits commensurate with experience.
Application Deadline: February 16th 2009

Please forward resume to: P.O Box SS-5098



3 UBS
UBS ANNEX

NASSAUe*BAHAMAS

UBS (Bahamas) Limited is presently constructing a
" new 2-storey building at the rear of its corporate office
building on East Bay Street, Nassau, Bahamas. UBS
will occupy the second floor in the building and will
lease out the First (Ground) Floor. The building is

designed to be energy efficient. The developers have
incorporated many specifications of the American
LEED Building Rating System (Leadership in Energy

and Environmental Design) into the design.

LEED

promotes a whole-building approach to sustainability
by recognizing performance in five key areas of
human and environment. health: sustainable site

development,

water ‘savings,

energy efficiency, .

materials selection and indoor environmental quality.

Building Specifications

First Floor Gross Rental Area: 12,377 sq.ft.
Rentable Area: 11,627 sq. ft.
Net Usable Area: 11,321 sq. ft:
Standby Generator: 500 kw. (Full service)
‘Parking Spaces: 73 spaces

CANADIAN ASSOCIATION OF INDEPENDENT SCHOOLS



a.

xX

ont! NX Ul
Al ce

WEE

ME
er |



THURSDAY, FEBRUARY Ss

6:00 - 9:00 pm

| The British Colonial Hotel,
Wedgewood Room, 1 Bay Street, Nassau

(242) 322-3301

boys/girls/co-ed boarding in attendance;
elementary and secondary grade levels offered

distinguished placement record at Canadian,
American and international universities

challenging academic and athletic programs

scholarships and financial assistance available



the complaints against them
should be dismissed, and that
they be struck out of the law-
suit.

Both argued that the New
York State Supreme Court
lacked jurisdiction over them,
despite IGY’s contention that
Mr Allen — acting as an agent
for British Colonial Develop-
ment Company, and later PRK
Holdings and Adurion — had
attended meetings in New York
with attorneys from both sides
to discuss the deal.

In addition, IGY alleged that
Mr Allen had held meetings in
New York with Adurion, and
made telephone calls from there
concerning the agreement.

While Mr Allen admitted he
was in New York for that pur-
pose, Adurion’s general counsel
and director, Jurg Gassmann,
denied IGY’s allegations and
said Mr Allen was not “their
agent”.

“IGY has not made a suffi-

cient showing to establish that’

the [PRK and Adurion] defen-
dants had authorised Allen to
act on their behalf, so as'to jus-
tify the.exercise of this court’s
jurisdiction over them or juris-
dictional discovery,” Judge
Ramos ruled. \
“Adurion’s only alleged pres-
ence in New York, a visit: on
May 15,.2007, by a Mr Aegert-

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

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





Responsibilities
Prepare billing



Create documents

Cualiicsuons ;



3-5 years experience

timeline




Career Opportunity

Unique Security Co

Manage accounts payable/receivables
Process employee time cards

High school education or college

Professional, well spoken

Must be willing to work with others

Computer literate with experience in excel
Ability to take directions and complete task within a

Clean police record within the last six months
Must be flexible with hours

Please summit your resume along with a photo to:
Unique Security Co
East Street-& Balfour Ave -
, Or call
325-2258 for more information
Deadline is February 6, 2009

NOTICE
IN THE ESTATE OF Shane Duncan Johnson late of the

Settlement of Saint George on the Island of Spanish Wells one of .
the Islands of The Commonwealth of The Bahamas, deceased.

NOTICE is hereby given that all persons having any claim or
demand against'the above Estate are required to send the same
duly certified in writing to the Undersigned on or before the 2nd
day of March, A.D., 2009, after which date the Executors will
proceed to distribute the assets having regard only to the claims of
which they shall then have had notice.

AND NOTICE is hereby given that all persons indebtd to the said
Estate of Shane Duncan Johnson are requestedto make full
settlement on or before the date hereinbefore mentined.

LEANDRA A. ESFAKIS
Attorney for the Executors
Chambers
P.O. Box SS-19269
No. 16 Market Street
Nassau, New Providence
The Bahamas

ner, Adurion’s representative,
who at that time sought re-
negotiation, is an insufficient
means to confer jurisdiction.....
Accordingly, the complaint is
dismissed as to the [PRK and
Adurion] defendants, with the
exception of Allen.”

As for the other grounds for
complaint, the Hilton defen-
dants had argued, in response to
IGY’s ‘breach of contract’
claims, that the purchase agree-
ment was “merely an agreement
to agree, and is unenforceable
at law”.

Judge Ramos found: “This
court cannot conclude, as a mat-

’ ter of law, that [the agreement]

does not create binding obliga-
tions, or otherwise conclude
that any material terms were
left open......... Therefore,
IGY’s complaint sufficiently
pleads a breach resulting from
the failure of the [Hilton] defen-
dants.to fulfill their obligations
under the purchase agreement.

“Any factual questions con-
cerning the existence or absence
of open material terms must
await summary judgment or tri-
al.” The judge also found that
forcing the defendants to com-
ply with the agreement’s terms
was an available course of rem-
edy.

However, Judge Ramos
struck out IGY’s allegation that
it was “fraudulently induced”
by Mr Allen to assign a portion
of the purchase agreement to
Adurion.

“This cause of action must
fail, as IGY cannot plead justi-
fiable reliance,” the judge
found. “This court cannot find
that Allen was an agent for
Adurion without allegations of
conduct by the sellers to evince
the agency relationship.

“Therefore, IGY cannot
allege that it was justified in
relying on Allen’s statement on
behalf of the sellers that it
would abide by the pre-hegoti-
ated terms of the shareholder
agreement.”

Still, there was better news
for IGY later, as the judge
found it had “sufficiently pled”
that the marina design was
“being misappropriated to be
used in competition with itself”.
The defendants had argued that
IGY did not exclusively own all
the licences, permits, studies
and design plans associated with
the marina, but this was reject-

| ed by Judge Ramos.












































THE TRIBUNE



MONDAY, FEBRUARY 2, 2009, PAGE 5B .



Efficiency could
save 20% of
energy costs

FROM page 1B

renewable energy]. Maybe the
technology is imported, but all
the operations and manpower
will be local, because you will
need to have people providing
the service.” In addition, reduc-
ing reliance on fossil fuels would
also reduce the Bahamas’ car-
bon footprint and aid the envi-
ronment.

Mr Gischler said the two-
pronged IDB initiatives were
designed to tackle complemen-
tary aspects of the Bahamas’
energy needs — energy efficien-
cy, and renéwable energy devel-
opment.

On energy efficiency, he said

Building Codes could. be
amended to encourage energy
efficiencies and renewable ener-
gy, especially when it came to
power cooling systems. Mr Gis-
chler suggested the Bahamas
could look to Barbados as, an
example, for that country’s air-
port had implemented a natur-
al power cooling system that did
not require air conditioning.

“With energy efficiency, you
can save up to 20 per cent of
energy costs, and with renew-
able energy it can go to 15-20
per cent of your energy matrix
being renewable,” Mr Gischler
said.

He emphasized that these
were preliminary numbers, with
IDB consultants set. to start in-
depth, on-the-ground studies
for the projects towards the end
of the 2009 first quarter/begin-
ning of the second quarter.

The $937,500 energy efficien-
cy project, entitled Promoting
Sustainable Energy in the
Bahamas, will aid the Govern-
ment in achiéving energy effi-
ciency in public buildings,
homes and commercial build-
ings. Other objectives include
exploring renewable energy

‘forms and developing pilot pro-

jects, and supporting a waste-
to-energy initiative. Some
$750,000 of the funding will
come from the IDB.

The other project, entitled
Strengthening the Energy Sec-
tor in-the Bahamas, will aid the,
Ministry of the Environment i in.
cial and operational stability;
explore alternatives, including
renewable energies, ‘for BEC’s
expansion; and-analyse the-cur-

rent energy regulation frame- '

work in the Bahamas.

When it came to BEC, Mr
Gischler said the IDB project
would conduct an internal audit
of the Corporation’s operations
and then analyse the options for
enhancing energy efficiency and
the use of renewables.

Included in that, he added,
would be an assessment of how
much power was lost in pro-
duction and transmission —
before it even reached the end
user.

Phenton Neymour, minister
of state for the environment;
previously told Tribune Busi-
ness that in relation to the IDB
project, an audit at the Bahamas

Electricity Corporation (BEC). ,

was likely to begin in the 2009
first quarter in’a bid to improve
the energy supplier’s.

- He hinted that the Govern-
ment was for the first time mov-
ing to allow large private sec-
tor entities, such as hotels and
resort complexes, to. generate
their own power, with the IDB
project being “the thread” that
bound all its energy-related ini-
tiatives - renewable energy, the
National Energy Policy Com-
mittee and legislative reform -
together.:

Mr.Neymour added that the
IDB initiative would also assess ©
BEC’s internal operating struc- ,

ture and staff levels in an effort
to get the Corporation operat-
ing at maximum efficiency,
something that was essential to
sustaining its operations and
finances. BEC is currently
understood to between 900-
1,000 employees.

The minister said he had indi- |

cated as far back. as his 2007-

2008 ‘Budget.speech that “it is.

critical to look at the efficiency
of BEC in terms of its opera-
tions”, an area that had not
received much public attention |

but was a critical component in

reducing electicity costs paid
by Bahamianjbusinesses and!
residential cusomers.
“There has 'b be a review of
the structure ofBEC, and there
has to be areviw of its employ-
ee make-up,” Mr Neymour told
Tribune Busines. “Essentially,
a manpower wdit. We will
review thj manpower structufe
of BEC.
“We afticipat we will begin
to addrgs sone of the man-
power i es in the first quarter
of this yar.’
Mr (schler said the IDB
projeciwere likely to take one-
If years to complete.











RBC

Royal Bank

(401) Lots # 17 & #18 Crown Allot-
ments, Love Hill Settlement, An-
dros. Containing a two-storey res.
Appraised value: $100,000

(806) Lot #13, Block 4 of Coral Wa-
terways, Section One, Coral Harbour,
‘ New Providence with two houses

and a. swimming pool, #312:N.P.°

bounded Northwardly by a canal

or waterway of the said Subdivision

known as Flamingo waterway and

running 102.004 ft. Eastwardly by

lot #14 and 146.145ft Southwardly

by a reservation for a private road.
. Appraised value: $530,000. ~

(806) Lots #1 & #2, Block 3 with a
parcel situated between Lot #1, Block
3, containing a 4 bedroom condo-
minium - Sunset View Villas, West Bay
Street. Appraised value: $750,000

(433) Lot #27 of Village Allotment #14

in the Eastern District, containing
residence situated on Denver Street
off Parkgate Road in the Ann’s Town
Constituency, New Providence. Prop-
erty size 2,500-sqft Building size 990
sqft. Appraised value: $50,000

(400) Property situated in Calabash
Bay on the Island of Andros. 75’ x
’ 150’ and containing thereon’a small
grocery store 480 sqft. and an in-
complete 3 bed 2 bath house 900
sqft. Appraised value: $65,000

(301) Lot #2 in block #8, Steward
Road, Coral Heights East Subdivision
situated in Western District of New
Providence, approx. size 8,800 sq.
ft. witha split level containing two
bed, two bath, living, dining & fam-
ily rooms, kitchen and utility room
— approx. size of building 2,658 sqft

i Appraised value: $322,752

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

(902) Lot ofland 94x 94x 150x150
on Queens Highway just south of
Palmetto Point with a two storey
stone building containing two apart-
ments. Each unit has 3 bed/2 1/2

. bath, kitchen, living room and 3 linen
closets. Appraised value: $287,209. |

(400) Lot #14 situated in ihe Séttle-
* ment of Cove:Hill on’ the Island: of
* Andros-totalling 20,000 sqft Property
* contains a two storey 5 bedroom, 3

bathroom residence.
Appraiséd value: $185,000

(902) . 0.281 acre of vacant land off

. Queen's Highway, Governor's Har:

bour, Eleuthera.
Appraised value: $31,320

(702) Undeveloped lots # 4A, 16,
17, 18 and 19 located Chapman
Estates, West Bay. Appraised value:
$348,000

(701) Undeveloped lot #149: Sea-

fan Lane, Lucayan Beach Subdivi- .

sion. Grand Bahama, 18750 sqft.
Appraised value: TBA :

(565) Vacantlot#5 located Eleuthera
Island Shores, Seaside Drive Section B,
Block #15, Eleuthera, Bahamas. 9,691
sqft, Appraised value: $27,620

(402) Lot89,Block7 Aberdeen Drive,
Bahamia West Replat Subdivision,
Freeport, Grand Bahama, consist-
ing of 12;100 sqft.

Appraised value: $51,000

* (800) Vacant property located Baha-
mia South. Block 16 lot 9A, Freeport,
Grand Bahama consisting of 24,829.20
sqft. Appraised value: $52,000

(723) Vacant lot #20 comprising a
- portion of the Murphy Town Crown
Allotment #72 situated in Murphy
Town, Abaco, Bahamas.

Appraised value $18,000

COMMERCIAL BANKING CENTRE

Tel: 242-356-8568

(800) Mrs. Monique Crawford
(801) Mr. Jerome Pinder

(802) Mr. Brian Knowles

(805) Mrs. Tiffany Simms O’brien
(806) Mrs. Lois Hollis

(807) Mr. Lester Cox

_ (808) Mrs. DaShann Clare-Paul

(810) Miss LaPaige Gardiner
PALMDALE SHOPPING CENTRE
Tel: 242-322-4426/9 or
242-302-3800

(201) Ms. Nicola Walker

(202) Mr. Robert Pantry

‘NASSAU MAIN BRANCH
| Tel: 242-322-8700
~ (701) Mr. James Strachan

ste, of Canada

PROPERTIES LISTED FOR SALE

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










HOUSES/APARTMENTS/ COMMERCIAL BUILDINGS

(105) Lot containing 2 storey bldg.
with three bed, two and a half bath
residence, and 30’ x 86’ situated Bai-
ley Town, North Bimini.
Appraised value: $235,000

(902) Lot containing commercial -

building housing a sports bar, res-
taurant and a 2 storey commercial
building on Queens Highway Tarpum
Bay Eleuthera.

Appraised value: $180,000

(902) Lot#31 situated at the inter-
section of Albert & Victoria Streets
in Hatchet Bay containing a 2 storey
concrete building with an incomplete
2bed 1 bath apt and store downstairs.
Property approx 2250 sq ft.
Appraised value: $65,000

(810) Description: Lot #60 Skyline
Lakes Subdivision 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, 1 complete

bathroom, sunken living room, dining
room, kitchen, play room & utility
room. Located on the upper floor is
the master bedroom & bathroom,
walk-in closets & tiled balcony.

Appraised value: $453,000

(908) Lot#23 located in the Subdivi-
sion.of Spring City, Abaco. Contain-
ing a one storey house with 2 bed/1
bath. Wooden structure.
Appraised value: $60,000

(801) Lot#18in Sandilands Allotment
on the western side of Crosswind
Road between Seabreeze Lane and
Pineyard Road in the Eastern Distract
of The Island of New Providence-The
Bahamas.,containing single storey
private residence comprising the
following: covered entry porch,
living room, dining room, kitchen,
laundry room, family room, sitting
area, 4 bedrooms, 2 bathroom and
patio. The total area of land is ap-
proximately 7,641 square feet.
Appraised value: $289,426

(801) Two parcels ofland containing ,
21,120 sq.ft. situiatéd on the southern:
side of East Shirley Street and 100 feet

west of its junction with “Shirlea’“in ¢.

the Eastern District, New Providence.
Situated thereon is a Gas Station
and Auto Repair Shop.

Appraised value: $799,497

(565). Vacant Lot #9 (11,406.65 sqft) .

situated in Mango Lane Section “B”
Block #15, Eleuthera Island Shores,
Eleuthera.

Appraised value: $50,189

(902): Vacant lot of land situated
in South Palmetto Point, Eleuthera
measuring 97x127x82x121.
Appraised value $38,000

(909) Vacantresidential Lot# 63 (7800
sqft) Crown Allotments located Mur-
phy Town, Abaco.

Appraised value: $18,000

| (908) Vacantresidential Lot#30com-
prising of 1.02 acre located Dundas

Town, Abaco. -
Appraised value $20, 000

(108) Vacant Single Family Lot #5
Block #5 Unit #1 Devonshire
Appraised value $30,000

(108) Vacant canal lot #71 Silver
Cove Court, Silver Cove Subdivi-
sion Zoned. Tourist Commercial.
Approximately 0.4 acre.

_ Appraised value: $175,000

(802) Vacant Commercial Lot No:
3A, Block 60 Bahamia Subdivision
VI.containing 3 acres located Free-
port, Grand Bahama.

Appraised value: $750,000

(702) Mr. Antonio Eyma

(301). Ms. Thyra Johnson

* (304) Mrs. Alicia Thompson
‘MACKEY STREET BRANCH

Tel: 242-393-3097

(601) Ms. Cherelle Martinborough
JOHN FE KENNEDY DRIVE BRANCH

Tel:.-242-325-4711 -

(401) Mrs, Renea Walkine
(402) Mrs. Chandra Gilbert
PRINCE CHARLES SHOPPING CENTRE

Tel: 242-393-7505/8
(501) Mr. Keith Lloyd

(505) Ms. Patricia Russell
CABLE BEACH BRANCH

Tel: 242-327-6077

(466) Mrs. Winnifred Roberts
LOAN COLLECTION CENTRE
Tel: 242-502-5170/502-5180

(716) Mrs. Ingrid Simon
(717) Mrs. Nancy Swaby
(723) Ms. Deidre King

RBC > HELPING YOU SUCCEED

bcroyalbank.com/c.

Re OU MUL ene eo

bean/bahamas

FU CINILOR A Rn UROL












(601) Lot #17 located Village Allot-
ment with fourplex,
Appraised value: $500,000

(902) Lot #17 Block 7 in section “A”
of Eleuthera Island Shores Subdi-
vision’ Northwest of Hatchet Bay
containing a 3 bed/2 bath house.
Appraised value: $99,000

| (701) Lot ofland having the number

16 in Block number 16 in Section
Three of the Subdivision called and
known as Sea Breeze Estates situ-

Providence. Property contains a three
bed, two bath residence.
Appraised value: $277,000



(701) Lot of land being lot number

11 in Block number 10 ona plan of

allotments laid out by Village Estates
Limited and filed in the dept of Land
& Surveys as number 142 N..P. and

situated in the Eastern District of

New Providence. Property contains
three bed, two bath residence.
Appraised value: $165,000

(565) Lot # 1018 in Golden Gates
Estates #2 Subdivision situate in the

South Western District of the island of

New Providence Containing a single
storey private residence 3 bedroom
2 bath. Property approx. size 6,000
sqft Building approx size 2,400 sqft
Appraised value: $173,176



(205) Lot B - 50 ft x 115.73 ft situ-
ated 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

(808) Lot # 3 Block 24 in the Cen-
treville Subdivision . Building #109/
Eastern side of Collins Avenue .Com-
prising commercial 2,800 sq ft com-
mercial building.

Appraised value: $582,000

(901) Lot #32 containing 4 bedroom
2bath concrete structure located Tri-
ana Shores Harbour Island, Eleuthera.
Property size 80’ x 120’ x 80’ 120 feet
Appraised value: $332,735

(909) Lot# 22 with (5000 sqft) Crown
, Allotments located Dundas Town,
“Abaco ‘Contaitiing a‘one storey house
with 3'bed/ Il bath -Wooden Struc-
ture. Appraised value? $50,000

‘ (908) Lot#52 Crown Allotments lo-
cated Murphy Town, Abaca. Contain-
ing a one storey house with 3 bed/2

VACANT PROPERTIES

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

(569) Vacant propertylocated in Sub-
division called “Culmerville” being
a portion of Lot #47 and a portion of
Lot #57. Appraised value: $24,000

(569) All that piece parcel or lot of
land situate in the settlement of James
Cistern on the Island of Eleuthera
one of the Islands of the Common-
wealth of the Bahamas measuring
approx 10, 000 sq.ft.

Appraised value TBA

(569) All that piece parcel or lot of
land being Lot No. 102.in the Sub-
division known as “EXUMA HAR-
BOUR’ in the Island of Great Exuma
measuring 10,000 sq.ft. Appraised
value $20,000.00. -

(202) Vacant lot ofland containing
41,164 sqft, Lot#8, Love Estate, Phase
1, 2,300 ft. south of West Bay Street,
Western District, New Providence.
Appraised value $165,000

(202) Vacant lot ofland containing
1.786 acre, situated east of Knowles
Drive, approximately 1,420 ft. south-
ward of Harold Road in the western
district of New Providence, Baha-
mas. Appraised value: $ 170,000

ay Tae Ne

(724) Mrs. Faye Higgs

(725) Ms. Marguerite Johnson
(565) Mrs. Catherine Davis
(569) Mrs. Vanessa Scott
NASSAU INT’L AIRPORT

Tel: 242-377-7179

(433) Mrs. Suzette Hall-Moss
LYFORD CAY BRANCH

Tel: 242-362-4540 or 242-362-4037
(101-N) Mrs. Lindsey Peterson
GOVERNOR’S HARBOUR, ELEUTHERA
Tel: 242-332-2856/8

(902) Ms. Nicole Evans
HARBOURISLAND BRANCH
Tel:242-333-2230

(901) Ms. Velderine Laroda

ANDROS TOWN BRANCH

Tel: 242-368-2071

(400) Mrs. Rose Bethel

MARSH HARBOUR, ABACO

Tel: 242-367-2420





ated in the Eastern District of New




) (902) Lot#30 situated in Love Hill Es-













(501) Property situated on Williams









bath — Concrete Block Structure —
Appraised value: $200,000

(108) Lot#1 Block #6 Winton Heights
Subdivision Easter District, NP. The
property is approximately 14,834
“suqare feet in total. Property con-
tains a house of 2963 sq ft.

Appraised value: $433,000

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

tates just north of Governor's Harbour
containing a 3bed/2 bath residence.
Appraised value $245,154

(902) Lot of land containing 3 bed
/2. bath residence in North Palmetto
Point. Appraised value: $129,000

(101-N)
sqft, 2 bed,1 bath Lot # 3 Block #1
Eastville Subdivision Eastern District,
New Providence.

Appraised value: $65,000

(910) Lot #12 Maderia Park, a small
subdivision on the outskirts of Treas-
ure Cay, Abaco having an area of 9,444
square feet residence containing a
concrete block structure with asphalt
shingle roof comprises of three bed-
rooms, two bathrooms, family room,
living room, dining room, and kitch-
en. Appraised value: $147,000





Lane off Kemp Road, New Providence,
Bahamas containing a two-storey
house and an apartment building
consisting of 1800 sqft. Appraised
value $100,000



(501) All that piece of land being
Parcel #3 and Parcel #4 situated on
the South side of Prince Charles Drive,
New Providence, Bahamas céntain-
ing a commercial building housing
two.shop space on the ground floor
and three shop space on the second

floor with a large storage area in the :

rear. Total area 8400 sqft.
Appraised value: $366,650



(501) All that piece, parcel or land
having an approximate area of 2100
sqft situated on the Western side of

Blue Hill Road about 70 ft North of

Peter Stréet and about 115 ft south
of Laird Street in the Southern Dis-
trict of New Providence, Bahamas
containing:4 commercial building

(501) Vacant property: consisting
of Lot #894 situated in the Freep-
ort Ridge Subdivision, . Section #1,

Freeport, Grand Bahama, Bahamas.

Appraised value: TBA

(501) Ten (10) acres of land situ-
ated on Woods Cay, known as Little
Abaco, between Cooper's Town and’
Cedar Harbour in Abaco, Bahamas.
The property is undeveloped witha
view of the sea from both the North
and South side. Appraised value:
$1,078,750

(569) All that piece parcel or lot of

land.Lot #977, Pinewood Gardens .

Subdivision, Southern District, New
Providence. Appraised value: TBA.

(569) All that piece parcel or lot of

-land being Lot No. 205 in the Sub-

division known as “Dorsettville Sec-
tion 3”, Southern District, New Provi-

- dence. Measuring approx 5,833 sqft.

Appraised value: TBA.

(201) Lot No. 11703 Bahama Sound
Subd. Number 11 West, Great Exuma.
Size: approx. 10,000 sqft.

_ Appraised value: TBA.

(201) LotNo. 11698 Bahama Sound
Subd. #11 West, Great Exuma. Size:
-approx. 10,000sqft.
Appraised value: TBA. _ .
























SingelFamilyResidence-810






















“ Appraised value: $448,645










housing a two bed/one bath unit on
the top floor and a store on the first
floor. Appraised value: $154,000

(501) All that piece parcel or lot of

land being Lot #39 in the Highbury — |

Park Subdivision in the Eastern Dis-
trict of New Providence, Bahamas
containing a 3-bedroom/2-bathroom
house. Appraised value: $131,000



(501) All that piece, parcel or lot
of land situated on Cowpen Road
(1000 ft east of the Faith Avenue Junc-
tion) in the Southern District of New
Providence, Bahamas containing a
duplex apartment comprising of two -'
2-bedroom/1-bathroom apartments.

Appraised value: $150, 000



(802) Developed Lot #4B (0.317
acres), Block 15 Bahamia South
Section IX, Freeport, Grand Baha-
ma.containinga4bed3bathhome -
with a swimming pool and a.2-car :
garage. Appraised value: $450,000 ©.

(201) Lot ofland situated on Fire Trail
Road being a partition of Gladston ~.
Allot #41 New Providence, Bahamas
containing townhouse apartment

. unit and two propased units (com-

pleted as is).

Appraised value: $237, 714—

(800) All that parcel or lot of land
being Lots #10 and 11 in Block 29
of Coconut Grove Subdivision, con-
taining a shopping plaza. The lot is
trapezium in shape, 8,383 square feet.
Appraised value $500,000

(560) Lot ofland #2 Sea View Subdivi-
sion, Russell Island, Spanish Wells.
Property size 11,323 sqft, building size
2236 sqft containing 3 bedrooms, 2
bath, living room, an eat-in kitchen,
dining room, laundry room, covered
porch, a one car garage, and a cov-
ered water tank.

Appraised value: $299,000

(901) Lot #57 block # Trianna Shores
containing 3 bed 2 bath front room,
dining room, & kitchen. Concrete
structure, 1926.40 sq. ft wooden deck
321.60 sq.ft. property-9600 sqft.

(901) Lot “K” Barrack Street, Harbour
Island containing a 2 storey concrete
building with 4 bed 4 bath; dining
room & kitchen ‘puilging 2934.56;
sqft property 6563 sqft: He SNS
Appraised value: $479, 228








(201) Lot No. 10 Southeast. Cor-
ner of Mandarin Drive, SugarApple -
Road, Sans Souci Subdivision. Size: -

14,;368sqft. Appraised value: TBA.

(008) All that piece parcel oflot and
land on the Island of Great Exuma sit-
uated about 10 1/2'miles Northwest-
wardly of George Town which said
piece parcel or lot ofland is#10750
Bahama Sound O.A.E. 10,900 sqft.
Appraised value: $65,000

(008) All that piece parcel or lot
of land designated‘as Lot Number
563 ona plan ofa Subdivision called

*orknownas Bahama Highlands #4.

11,223.41. sqft: Appraised value:
. $87,000 4

(008) All that piece parcel or lotland
being Lot # 12032 in the Bahama
Sound ‘ of ‘Exuma. Subdivision #
11 West, Great Exuma, Bahamas.
Appraised value: $224,000

(008). Aparcel ofland situate about
the'eastern portion of The Forest
Estate in the vicinity of the settle:

‘| ments of Southside and The Forest

being Lot #4803 in Bahama Sound

| of Exuma.6, Exuma The Bahamas.

Appraised value $25,000



(909) Mrs. Sylvia Poitier
(910) Miss Cyprianna Williams
BIMINI BRANCH
Tel:242-347-3031.

(105) Miss: Ganiatu Tinubu
GRAY’S, LONG ISLAND

Tel: 242-337-0101

(100) Mrs. Lucy Wells
EXUMA BRANCH

Tel: 242-336-3251 ©

(008) Ms. Jocyelyn: Mackey
FREEPORT, MAIN BRANCH
Tel: 242-352-6631/2

(101-F) Ms. Garnell Frith

(102) Ms. Elaine Collie

(908) Mrs. Joyce Riviere

(103) Mrs. Damita Newbold-Cartwright
(108) Ms. Sylvie Carey

SPANISH WELLS

Tel: 242-333-4131 or

242-333-4145

(560) Mr. Walter Carey

RBC
Royal Bank

RBC} of Canada

rte ann




























































PAGE 6B, MONDAY, FEBRUARY 2, 2009

UNITED WORLD
COLLEGES

United World Colleges makes education a force to unite people, nations
and cultures for peace and a sustainable future.

The United World Colleges Naticnal Committee began selecting Bahamian scholars in 1977, and since then,
78 Bahamians have graduated from the United World Colleges.

United World Colleges is unique. it is the only global educational movement thai brings together stucents
from all over the worid ~ selected on personal merit, irrespective of race, religion, and politics ~ with the
explicit aim of fostering peace and international understanding. High academic standards, a strong
amphasis on community service and a wide range of cultural and outdoor activities are all part of the
cha#lenge and excitement of a United World Colleges education. More info: hitp/Ayww.uwe.org/

The United World Colleges is a 2 year program. Students study the International Baccalaureate, a pre-
University qualification, which is recognized by Universities globally.

iudents are invited tc apply for the following scholarships:
Scholarship

{. Lester 8. Pearson United World College, Sentember 2009 100%

2. United World Col rege of South Africa, January 2010

3. Armand Hammer UWC of the ‘icatea West, Sentember 2009

. United World College of the Atlantic, Wales, September 2009
. United World College of Costa Rica, September 2009

_ LiPo Chun United World College, Hong Kang, September 2009

Admission Qualifications:
1. Applicants must be Bahamian
2. Applicants must havé the minimum of aBtaverage °
3: “Applicants must not be older than 18 years in September 2009

Applications may be downloaded from the internet at: biipy/wwn-bahamas-uwe.org/

The deadline for applications is February 12th, 2008.
Interviews will take place on February 24st & 22" 2008,



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Distributed by Nassau Agencies Ltd. - 393-4854

THE TRIBUNE

Minister to meet

FROM page 2B

estate market.

“This reduction in value has
resulted in [CLICO Bahamas]
management considering the
possibility of impairment of the
loan,” Deloitte & Touche
(Bahamas) wrote in its audit
report.

“Although the market forecast
for Florida shows recovery of the
real estate market in 2008, man-
agement obtained a guarantee
from C L Financial (CLICO
Bahamas ultimate parent),
whereby C L Financial states that
it will honour the obligations of
CLICO Enterprises to the com-
pany if the need arises. As such,
no provision | has been made for
impairment.”

Needless to say, the anticipat- .

ed Florida real estate market
recovery has not taken place, and
may not do so for some years to
come.

Under the loan agreement,
CLICO Enterprises pays an
interest rate of 12 per cent to
CLICO (Bahamas). In 2007, the
latter received $9.508 million in
interest payments on the loan.

When Tribune Business raised
the issue of the $57 million loan,
the fact it accounted for 59 per
cent of CLICO (Bahamas)
assets, the Florida real estate
investment ‘and CL Financial’s

woes, Mr Laing acknowledged

“these are some of the issues)’. ©

he and the Registrar would be
discussing next week. |

Mr McCartney also confirmed
to Tribune Business that regula-
tors had not taken over the
Bahamian company, as many
had feared. “That’s not the case.
We have not gone into CLICO
Bahamas,” the Regisinay of
Insurance said.

“But we have had, and are
having, discussions with them —
major discussions with them —
since late 2008, with regard to
their current financial position.
We do have a meeting with them
next week. That meeting was
originally scheduled for this [last]
week, but had to be put back to
[this] week.” .

Mr McCartney said he was just
familiarizing himself with ‘latest
developments in Trinidad when
Tribune Business called.

As for their impact on the
Bahamian situation, the Regis-
trar said: “We will certainly
assess what has happened in

Trinidad, and determine where «

we go from there. It may or may
not require us to do something
specific to the local entity.”

Mr McCartney pointed out

that CLICO (Bahamas) was

incorporated as a Bahamian sub-
sidiary, ‘not a branch, of CL
Financial, which insulated it from

NOTICE |
ESTATES OF THE LATE
BERLIN WILBERT KEY

_ NOTICE is hereby given that all persons having
claims or demands against the above-named Estate
are requested to send the same duly certified to the
undersigned on or before the 19th day of February, A. D.;

2009.

AND NOTICE is hereby also given that at the

expiration of the time above-metioned, the assets of the ,
deceased will be distributed among the persons entitled
thereto having reguard only to the claims, of which the
Executors shall then have had notice.

GRAHAM, THOMPSON & CO.
Sasson House,
Victoria Avenue & Shirley Street,
Nassau, Bahamas
Attomeys forthe Executors __



requested
“==(Bahamas) lodgé $57 million i
an. escrow account in the

the direct impact of its parent’s
travails “to some extent”. How-
ever, it was still part of the same
organisation. |

When asked exactly how con-
cerned the Registrar of Insur-
ance’s Office was about CLICO
(Bahamas) financial position, Mr
McCartney replied: “I do not
wish at this time to characterize a
level of concern. As the minis-
ter indicated, we are meeting
with them [this] week, and have
been meeting and discussing with
them on a regular basis for a
number of months.

“We would have a formal
response a bit later, once we have
made our assessment of the situ-
ation. I would not wish to make
comments without looking at the
situation and doing some analy-
sis.”

In an interview last year,
Karen Gardier, CLICO
(Bahamas) chief financial offi-
cer, explained that the invest-
ment in CLICO Enterprises, and

‘subsequent Florida real estate’

acquisition, was made-using US
dollar-denominated ° assets
obtained by a CL Financial sub-
sidiary in another Caribbean ter-
ritory, with the Bahamian oper
ation effectively acting as a “pass-
through” entity for the develop-
ment.

However, insurance industry
sources said Mr McCartney and
the Registrar’s Office had been
concerned about CLICO
(Bahamas) situation for some
time, and had taken their main
comfort from the parent’s guar-
antee and seemingly deep pock-
ets — a situation that has now
changed beyond all recognition.

: Tribune Business itself last
year pointed. out that it was high-
ly unusual for life and health
insurance companies to have
such a heavy concentration of
their investment assets in just one
loan, as they usually make mul-
tiple investments to diversify and
spread risk.

Several Bahamian insurance
industry sources at the time ques-
tioned whether the regulators
were looking at the CLICO
(Bahamas) situation, arguing that
they should be “concerned”
about the company’s potential-
ly high exposure to just one asset
that appeared to be depreciating
in value.

Some suggested the Bahamian
authorities should then have
that .CLICO

PUBLIC NOTICE.

Effective February 3rd2009, The Bridge Authority will eliminate

- tokens as a part of our cash collection process. This change will
better assist all patrons utilizing the western bridge in accessing
Paradise Island. To improve traffic flow, we are phasing out the
coin machines and converting to a coinless toll coneraon system.

All Transponder and Smartcard device customers will continue

' to. operate as usual.

1 To significantly reduce the waiting une and ensure a continuous ~
smooth flow of traffic, the following measures veh be

implemented:

(1) Toll aperatores in Lanes 1, 2 and 3 will have change for
‘ small bills ONLY. You are required to have Exact Toll.

(2) Smartcard users will no longer have access to Lane 4;
Only Lanes 1, 2, and 3.

(3) All P.I. Residents and other transponder users are
encouraged to use the designated Lane 4 which remains
a cashless Lane.

(4) Frequent patrons are encouraged to apply for a
transponder ora Smart Card.

During this transitional process, installation and testing/will be
implemented Lane by Lane which may result in lane down-time.

However, as far as practical, all traffic lanes will te fully
operational during peak traffic hours (6am to9am and Pea to

6 pi).

We thank you for your cooperation and patience and apologize
for any inconvenience caused during this time.


THE TRIBUNE

WEN EMEA bh ELPA ey Cy re



Ne aes
CLICO on ‘financial position’ fears

Bahamas to underpin its guaran-
tee pledge.

Last week, several insurance
industry sources told Tribune
Business that CLICO (Bahamas)
had been aggressively marketing
and selling its annuity products
(which offer lump sum payouts
when their terms expire) to the
Bahamian public, seeking to
attract new business by offering
“above market” interest rates of
return.

However, one source said the
regulators were now “on top of
the situation” surrounding CLI-
CO (Bahamas), and added: “I
know the Government is ageres-
sively pushing for a solution”.
Hence Mr Laing’s involvement.

The involvement of the
Bahamian government and
financial sector regulators will
now be key in protecting the
interests of CLICO (Bahamas)
life insurance policyholders and
annuity holders, given that this
nation is likely to figure low on
the Trinidadian government’s list
of priorities.

“I can’t see why they would
bail that out,” one source said of

the Trinidad government’s likely
attitude towards CLICO
(Bahamas). “Trinidadians are
not invested in it. It’s a Bahami-
an problem, and Bahamians

‘might get hurt.”

On Friday, the Trinidad gov-
ernment took control of the
assets and liabilities owned by
several CL Financial-owned
companies, including Colonial
Life Insurance Company, Clico
Investment Bank (CIB) and
Caribbean Money Market Bro-
kers (CMMB).

Ewart Williams, governor of:

the Trinidad Central Bank, said
the action was taken to protect
the interests of depositors and
creditors, due to severe liquidity
problems that were being expe-

rienced by key CL Financial sub-

sidiaries. In addition, the regu-

lators wanted to ward off the pos-

sibility of any systemic risk from
a group whose assets were equiv-

’ alent to one-quarter of Trinidad’s

per annum gross domestic prod-
uct (GDP).

CL Financial holds over $100
billion in assets in 28 companies,
local, regional and internation-

al. The sectors involved include
banking and financial services,
energy, real estate and manufac-
turing and distribution.

While many had attributed CL
Financial’s woes to substantial
declines in real estate and
methanol prices, Mr Williams
said other factors were in play.

He explained: “Excessive relat- -

ed-party transactions, which car-
ry significant contagion risks. I
should note that the high level
of concentration is not specifi-

cally prohibited by the Diesen

legislation.
“An aggressive high interest

rate resource mobilization strat-...

egy to finance equally high risk
investments, much of:which are
in illiquid assets (including real
estate both in Trinidad and
Tobago and abroad),

“A very high leveraging of the
group’s assets, which constrains
the potential amount of cash that
could be raised from the asset
sales.”

In a statement to sharehold-
ers, CLICO (Bahamas) chair-
man, A A Duprey, said the
Bahamian operation generated

WU

Commercial Building Ae
‘Known as Lees Carpet Building - Shirley Street, Nassau

Gross Floor Area
11,278 sq. ft.

Site Area
18,756 sq. ft.

Located in the
Vicinity of
Harbour Bay
Shopping Centre

Interested persons should submit offers in writing addressed to:
The Manager, Credit Risk Management,

P.O. Box N-7518,
Nassau, The Bahamas

© to reach us on or before February 12, 2009
For further information, please contact: 356-1 608; 356-1 685 or 502-0929



- Tradelnvest Asset saraerien Ltd.

A private wealth management company.
is currently seeking a qualified, energetic and confident

Ideal applicant will:

_ individual for the position of

e Possess LLB or other law degree.

TRUST PROFESSIONAL

-« Have approximately 3-5 years experience in finaicial services in the areas of trust,

banking and i investments. *

e Have the ability to review sometimes complex legal documents relat ing to special projects

and to confidently communicate with overseas legal and tax advisors on the same.

9 Be a seasoned professional who is capable of leading a project and coordinating its

various parts.

¢ Be capable of understanding and administering complex fiduciary structures,

¢ Be comfortable in reviewing financial statements, and have a basic understanding of

investment and financial transactions.

e Have a full understand ing of corporate structures and the responsibilities of Directors and

corporate formalities.

¢ Have the ability to work under pressure and without constant supervision.

e Have uncompromising personal and business ethics,

Successful candidate will work directly with Senior Management in the administration of
complex private fiduciary arrangements, Responsibilities include regular contact’ with
overseas affiliates, associated trust, banking and investment professionals, as well as legal

counsel and advisors.

Applicants shoul submit a cover liter and resume no 0 later than Friday, February 13, 2009 as

‘follows:

The: President

a $672,125 net profit for the
financial year to end-2007, a 55
per cent rise over 2006.

The company’s premium
income increased by 40 per cent

during the 12 months to year-
end December 2007, driven by a
110 per cent increase in its annu-
ity line to $31.196 million.
Policyholder benefits paid out

by the life and health insurer rose
by 31 per cent, while operating
costs dropped by 17 per cent.

CLICO (Bahamas) now employs

between 100-124 staff.

MINISTRY OF WORKS & TRANSPORT
Road Traffic Po aumieat

PUBLIC NOTICE

The Road Traffic Department is pleased to remind the general public of the
established protocol for the inspection and Lacensing of Company. Vehicles.

The month of March is traditionally companies’ registration month at the Road
Traffic Department. In an effort to expedite and ensure a smooth registration
procees the department advises that it will commence registration February 2,
2009. All companies with a fleet of five (5) or more vehicles are encourage to
prepare and submit the required documents to the Account Unit of the Road
Traffic Department to ensure an appointment for Inspection. The department
further wishes to advise ‘that applications will be processed on first come, first

serve basis

The following documents are required:-

(1) Cover note stating the Mike. Model, Year, and Serial auniber
(2) Total number of all vehicles to be licensed
(3) A copy of the disc for each vehicle.

(4) Original certificate of insurance (no copies will be » ace epted).

(5) Special Permit Letter (Ministry of Works) for all Miscellaneous

Vehicles.

Please note that payments can be made in the form of:

. Certfied Cheque - made payable to Public Tey.
i abaahately no personal cheques) .
il. Visa/Master Card

ul. Suncard



“except red tagged a net ites

F500

Selected
clearance items.

Tradelnvest Asset Management Ltd,
either by private facsimile (242) 702-2040

or by mail as follows:
LYFORD MANOR, WEST BUILDING
~ LYFORD CAY ~ P,0,BOX N7776 (Slot 193) ~ NASSAU, N.P,, THE BAHAMAS
Telephone (242) 702-2000 ~ Facsimile (242) 702-2002



1) ae

Mall at Marathon

Monday-Friday 9:00am-8:00pm

Saturday A O0am-9:00pm
unday se

www. Rapa Res rela)

Sale dates:

Jan 29th - Feb 2nd, 2009 Aik FE 393-4002

Fax: (242) 393-4096


PAGE 8B, MONDAY, FEBRUARY 2, 2009
GN-818



SUPREME
COURT

PROBATE DIVISION
5TH, FEBRUARY, 2009

2008/PRO/NPR/00807 .

IN THE ESTATE OF JOZEF SPIRA (a.k.a. JOSEF
SPIRA), late and domiciled of 59A, Oakwood Court,
W14 England in,the United Kingdom), deceased.

NOTICE is hereby given that after the expiration of
fourteen days from the date hereof, application will be
made to the Supreme Court of The Bahamas in the
Probate Division by SAMANTHA M. WILLIAMS, of
the Western District, New Providence, one of the Islands

_ of the Commonwealth of The Bahamas, Attorney-At-
Law, the Authorized Attorney in The Bahamas for
obtaining the Resealing of Grant of Probate in the above
estate granted to MICHAEL SPIRA, the Personal

_ Representative of the Estate, in the High Court of Justice,

- The Principal Registry of the Family Division on the
18th day of July, 1995.

DESIREE ROBINSON
(for) REGISTRAR

COMMONWEALTH OF THE BAHAMAS
THE SUPREME COURT

PROBATE DIVISION

5TH FEBRUARY, 2009

No. 2009/PRO/NPR/00025

_ Whereas THOMAS A.A, CLEARE, JR., of Joe
Farrington Road, Eastern District, New Providence, one

of the Islands of the Commonwealth of The Bahamas,.

has made application to the Supreme Court of The
Bahamas, for Letters of Administration of the Real and
Personal Estate of THOMAS ALLISON AUGUSTUS
CLEARE, late of Joe Farrington Road, Eastern District,
New Providence, one of the Islands of the Commonwealth
of The Bahamas, deceased

Notice is hereby given that such applications will be
heard by the said Court at the expiration of 14 days from
the date hereof.

DESIREE ROBINSON
(for) REGISTRAR

‘COMMONWEALTH OF THE BAHAMAS -

THE SUPREME COURT

PROBATE DIVISION |-

5TH, FEBRUARY, 2009
No. 2009/PRO/NPR/00026

Whereas ALEXANDER EDWARD WOODSIDE, of
Trinidad Avenue, Elizabeth Estates, Eastern District,
New Providence, one of the Islands of the Commonwealth
of The Bahamas, has made application to the Supreme
Court of The Bahamas, for Letters of Administration of
the Real and Personal Estate of CAROLINE
WOODSIDE, late of Trinidad Avenue, Elizabeth Estates,

Eastern District, New Providence, one of the Islands of ©

the Commonwealth of The Bahamas, deceased.

Notice is hereby. given. that such applications will be
heard by the said Court at the expiration of 14 days from
the date hereof.

DESIREE ROBINSON
(for Registrar

~ COMMONWEALTH OF THE BAHAMAS
THE SUPREME COURT

PROBATE DIVISION

_ 5TH FEBRUARY, 2009

No. 2009/PRO/00027 ~

Whereas MARVIN JAMES MACKEY, of Rolle.

Avenue, New Providence and BARON HUDEN
MACKEY of Florida both of the Islands of the
, Commonwealth of The Bahamas, has made application
to the Supreme Court of The Bahamas, for Letters of
Administration of the Real and Personal Estate of JAMES
HUDEN MACKEY a.k.a. JAMES MACKRY a.k.a.
JAMES HUDON MACKEY, late of Fox Hill Road,
- South Eastern, District, New Providence, one of the
Islands of the Commonwealth of The Bahamas, deceased.

Notice is hereby given that such applications will be
heard by the said Court at the expiration of 14 days from
’ the date hereof

DESIREE ROBINSON
(for) Registrar



COMMONWEALTH OF THE BAHAMAS
THE SUPREME COURT

PROBATE DIVISION

5TH FEBRUARY, 2009

No. 2009/PRO/00028

Whereas CHANELL ROKER, of Sir Lynden Pindling
Estates, Nassau Village, Eastern District, New Providence,
one of the Islands of the Commonwealth of The Bahamas,
has made application to the Supreme Court of The
Bahamas, for Letters of Administration of the Real and
Personal Estate of GLENROY HOWARD, late of Sir
Lynden Pindling Estates, Nassau Village, Eastern District,
New Providence, one of the Islands of the Commonwealth
of The Bahamas, deceased.

Notice is hereby given that such applications will be

heard by the said Court at the expiration of 14 days from

the date hereof.

DESIREE ROBINSON
(for) Registrar

COMMONWEALTH OF THE BAHAMAS
THE SUPREME COURT
PROBATE DIVISION

5TH, FEBRUARY, 2009 .

2009/PRO/NPR/00030

IN THE ESTATE OF DOROTHY RITA, late of 3300
N. Milwaukee Avenue, Northbrook in the State of Illinois,
one of the States of the United States of America,
deceased.

NOTICE is hereby given that after the expiration of ©

fourteen days from the date hereof, application will be
made to the Supreme Court of The Bahamas in the
Probate Division by MONIQUE V. A. GOMEZ of the
Western District of the Island of New Providence, one
of the Islands of the Commonwealth of The Bahamas,
Attorney-At-Law, the Authorized Attorney in The

Bahamas for obtaining the resealed Order Admitting
-Will to Probate and Appointing Representative in the

above estate granted to FRANK J. CALLERO and
ROBERT M. CALLERO the Independent Co-Executors
of the Estate, by the Circuit Court of Cook County,
Illinois, County Department, Probate Division, on the
Sth day of January, 2005.

NICOYA NEILLY
(for) REGISTRAR

COMMONWEALTH OF THE BAHAMAS
THE SUPREME COURT
PROBATE DIVISION

| 5TH FEBRUARY, 2009:

No. 2009/PRO/N PR/00031

Whereas OLAMAE T AYLOR of NG: i Petvall Tract

in the Western District of the Island of New Providence,

one of the Islands of the Commonwealth of The Bahamas
has made application to the Supreme Court of The
Bahamas, for letters of administration of the Real and
Personal Estate of JAMES ROBERT TAYLOR late of
No.7 Perpall Tract in the Western District of the Island
of New Providence, one of the Islands of the
Commonwealth of The Bahamas, deceased.

Notice is hereby given that such applications will be
heard by the said Court at the expiration of 14 days from
the date hereof.

NICOYA NEILLY
(for) Registrar

PROBATE DIVISION
5TH FEBRUARY, 2009

2009/PRO/NPR/00036

IN THE ESTATE OF CHARLES G. MORETTO, late
and domiciled of Broward County in the State of Florida,
one ofthe States ofthe United States of America, deceased.

NOTICE is hereby given that after the expiration of
fourteen days [Tom the date hereof, application will be
made to the Supreme Court of The Bahamas in the
Probate Division by CONSTANCE E. MCDONALD,

of Fortune Village, Freeport, Grand Bahama, one of the
Islands of the Commonwealth of The Bahamas, Attorney-
At-Law, the Authorized Attorney in The Bahamas for

obtaining’ the Resealing of Grant of Administration in

the above estate granted to CHRISTINE MACHUGH,
the Personal Representative of the Estate, in the Circuit
Court. For Broward County, in.the state of Florida, Probate
Division on the 16th day of January, 2004.

DESIREE ROBINSON
(for) REGISTRAR

PROBATE DIVISION
5TH FEBRUARY, 2009

2009/PRO/NPR/00037
IN THE ESTATE OF WARD STOUTENBURG

EVANS, late and domiciled of Flat No. 11, Jocyn Court,
Rochester Road, Bantry Bay, South Africa, deceased.

NOTICE is hereby given that after the expiration of

fourteen days from the date hereof, application will be
made to the Supreme Court of The Bahamas in the
Probate Division by PAMELA LAVERN KLONARIS
and MIKE ANTHONY KLONARIS, both of the



THE TRIBUNE

Western District, New Providence, one of the Islands of ©
the Commonwealth of The Bahamas, Attorney-At-Law,

_ the Authorized Attorney in The Bahamas for obtaining

the Resealing of the Certificate of Appointment of Estate

’ Trustee with a Will in the above estate granted to MARY

JANE MCKINNON, the Personal Representative of
the Estate, in the Superior Court of Justice on the 8th
day of July, 2008.

DESIREE ROBINSON
(for) REGISTRAR

PROBATE DIVISION
5TH FEBRUARY, 2009

2009/PRO/NPR/00038 \

IN THE ESTATE OF SADIE LEE TAYLOR, late and
domiciled 0f2554 N. 28th Street in the City of Milwaukee
in the county of Milwaukee in the State of Wisconsin,

one of the States of the United States of America,

deceased.

NOTICE is hereby given that after the expiration of
fourteen days from the date hereof, application will be
made to the Supreme Court of The Bahamas in the:
Probate Division by EARL A. CASH, of the Western
District, New Providence, one of the Islands of the

Commonwealth of The Bahamas, Attorney-At-Law, the - |

Authorized Attorney'in The Bahamas for obtaining the
Resealing Grant of Domiciliary Letters in the above
estate granted to RUTH MCDOWELL, the Personal
Representative of the Estate, in the State of Wisconsin,
Circuit Court, Milwaukee County on the 18th day of

. November, 2008.

DESIREE ROBINSON
(for) REGISTRAR

PROBATE DIVISION
STH FEBRUARY, 2009

2009/PRO/NPR/00039

IN THE ESTATE OF AUDREY VERA HODGSON,
late and domiciled of 38 East Avenue, Riverview Park,
Althorne, Chelmsford Essex in the United Kingdom,
deceased.

NOTICE is hereby given that after the expiration of
fourteen days from the date hereof, application will be
made to the Supreme Court of The Bahamas in the
Probate Division by MELISSA L. SELVER-ROLLE,
of the Western District, New Providence, one of the
Islands of the Commonwealth of The Bahamas, Attorney-

: At-Law, the Authorized Attorney in The Bahamas for
. obtaining the Resealing of The Grant of Probate in the
“above'estate granted to FAY GEORGINA MORRIS,
' ‘the Personal Representative of the Estate, in the High

Court of Justice, The District Probate Registry at Ipswich
on the 28th day of April, 2008.

DESIREE ROBINSON
(for) REGISTRAR

COMMONWEALTH OF THE BAHAMAS
THE SUPREME COURT

PROBATE DIVISION

5TH FEBRUARY, 2009

No. 2009/PRO/NPR00040

Whereas MICHAEL GEORGE HIGGS II, of New
Providence, one of the Islands of the Commonwealth |
of The Bahamas; has made application to the Supreme
Court of The Bahamas, for Letters of Administration of
the Real and Personal Estate of MICHAEL GEORGE

HIGGS I, late of New Providence, one of the Islands

of the Commonwealth of The Bahamas, deceased.

Notice is hereby given tliat such applications will be
heard by the said Court at the expiration of 14 days from

‘the date hereof.

DESIREE ROBINSON
(for) Registrar

COMMONWEALTH OF THE BAHAMAS
THE SUPREME COURT

PROBATE DIVISION

5TH FEBRUARY, 2009

No. 2009/PRO/NPR/00041

Whereas ADAM D.R. CARRERATA, of Poinciana
Drive, in the City of Freeport, Grand Bahama, one of
the Islands of the Commonwealth of The Bahamas,
Attorney by Deed of Power of Attorney for CAROLE
ARTERBERY, the Daughter has made application to
the Supreme Court of The Bahamas, for Letters of
Administration of the Real and Personal Estateof JANE
C. EDMUNDS, late of 241 State Road in tle City of
Eliot in the County of York in the State of Maire, U.S.A,
deceased.

Notice is hereby given that such applicatiols will be
heard by the said Court at the expiration of 14days from
the date hereof.

DESIREE ROBINSON
(for) Registrar
THE TRIBUNE

MONDAY, FEBRUARY 2, 2009, PAGE 9B



GN-818



SUPREME
COURT

COMMONWEALTH OF THE BAHAMAS
THE SUPREME COURT

PROBATE DIVISION

5TH FEBRUARY, 2009

No. 2009/PRO/NPR/00042

Whereas WARREN SCOTT WARD, of Winton Highway off
the Eastern Road, Eastern District, New Providence, one. of the
Islands of the Commonwealth of The Bahamas, Attorney by
Deed of Power of Attorney for Yvon Senecal, the Executor of
the deceased has made application to the Supreme Court of The
Bahamas, for Letters of Administration with the Will annexed
of the Real and Personal Estate of CLAUDE SENECAL a.k.a.
CLAUDE JOSEPH HENRI SENECAL late of the City of
Montreal in the Province of Quebec in the Dominion of Canada,
deceased.

Notice j is Hie), given that such applications will be heard by
the said Court at the expiration of 14 days from date hereof.

DESIREE ROBINSON
(for) Registrar



COMMONWEALTH OF THE BAHAMAS
THE SUPREME COURT

PROBATE DIVISION

5TH FEBRUARY, 2009

No. 2009/PRO/NPR/00044

Whereas DOUGLAS BURROWS, of Golden Gates #2, Western
District, New Providence, one of the Islands of the
Commonwealth of The Bahamas, has made application to the
Supreme Court of The Bahamas, for Letters of Administration
of the Real and Personal Estate of VELERIA MINLEY
BURROWS, late of Jackfish Drive, Golden Gates #2, Western
District, New Providence, one of the Islands of the
Commonwealth of The Bahamas, deceased:

Notice is hereby given that such applications will be heard by
the said Court at the expiration of 14 days from the date hereof.

DESIREE ROBINSON
(for) Registrar

COMMONWEALTH OF THE BAHAMAS

THE SUPREME COURT
- PROBATE DIVISION -

5TH FEBRUARY, 2009
No. 2009/PRO/NPR/00045

Whereas BERTHA MAE COOPER-ROUSSEAU, of Trinity
Place off Frederick Street in the City of Nassau, on the Island
of New Providence, one of the Islands of the Commonwealth
of The Bahamas, Attorney by Deed of Power of Attorney for
the Legal Heirs of the deceased has made application to the
Supreme Court of The Bahamas, for Letters of Administration
of the Real and Personal Estate of DR. STEFAN JOHANNES
SANDKUHLER, late of the a ofN eee in the Republic
of Germany, decehsed:

Notice is hereby given that such applications will be heard by
the said Court at the expiration of 14 days from the date hereof

DESTIREE ROBINSON
(for) Registrar



Airport finance
completion held
up by ratings

FROM. page 1B

up, it was now awaiting the
completion of a review by Fitch,
the credit rating agency, which
would be critical in determin-
ing subsequent interest pay-
ments to investors.

“We have the financing pack-
age together, but had to go back
to the rating agency to review it
again,” Mr Watson told Tribune
Business. “We’re waiting for
their response. We hope we’ll
hear from them next [this]
week. It affects the interest rate
we have to pay.”

_NAD, which operates the air-
port under a 30-year lease, and
the Airport Authority are -hop-
ing for at least a ‘BBB’ invest-
ment grade rating from Fitch.

Such ratings effectively mea-
sure the creditworthiness of a
borrower, and their ability to
repay investors’ principal that
was originally loaned to them.

Lower

The lower the rating from an
agency such as Fitch, the less
confidence there is in a bor-
rower’s ability to repay the orig-
inal principal and meet interest
payments. As a result, investors
will demand a higher interest
rate to compensate them appro-
priately for the perceived

_greater risk they are taking by

lending to a borrower with a
low credit rating. °

NAD is proposing to pay
investors in its $90 million
senior secured bond facility,

Legal Notice

NOTICE
MARATHON INVESTMENT

HOLDINGS LIMITED
(In Voluntary Liquidation)

Notice is hereby given that the above-named
Company is in dissolution, which commenced on

the 29th day of December 2008. The Liquidator
is Argosa Corp. Inc., P. O. Box N-7757 Nassau,

Bahamas.

weoyARGOSA.CORR.ING:
‘ (Liquidator)’: ; ‘





Ministry Of Public
Works and Transport



REMINDER NOTICE

Completion of the New Providence Road
Improvement Project (CNPRIP): Road works for
Corridor 5 and 18 (Bethel Avenue Extension
between John F. Kennedy Drive and West Bay
Street at Saunders Beach)

The Government of the Commonwealth of The
Bahamas has awarded a contract to complete the
_ proposed road works on corridor 5 and 18, to
facilitate the Bethel Avenue Extension between
- John F. Kennedy Drive and West vay Street at

Saunders Beach.

Notice of commencement of the works'as of 5th,
January 2009 was issued to the contractor; Jose
Cartellone Construcciones Civiles of Argentina.

Proposed works include; construction of a two
(2) lane carriage between John F. Kennedy Drive
and West Bay Street; local realignment of West
Bay Street by Saunders Beach to accommodate

beach parking.

The plan and scheme of the works are available
for public inspection at the following government
offices during the hours of 9am to 5pm.

The Project Execution Unit, Second Floor, north
wing, The Ministry of Public Works and transport,

John F. Kennedy Drive.

For further details, please contact the Project
Engineer; Mr Francis Clarke at 302-9538.



pitched to both local and inter-
national markets via Bahamian
and US-dollar denominated

. securities, a fixed interest rate of

8 per cent over a 23-year period.
When asked whether NAD
and the Airport Authority had
any contingencies in place in
case the hoped-for Fitch rating
did not materialize, Mr Watson
said: “We are not looking
beyond that point right now.”

He added of the overall
finance-raising effort, which was
due to close at the end of last
week: “It’s taken a little longer
[than we thought] and the nexus
is a bit different, but we got the
package together.

“Once we get beyond this
particular point in time, I don’t
see any difficulties after that.
This is the most critical period
right now.”

The Government has already
had to effectively underwrite
NAD’s financing, something it
had originally hoped not to do,
after global financial markets
went south as a result of the
credit crunch and downturn in
the real economy.

It will finance some $50 mil-
lion of the $80 million partici-
pating debt facility, which will
be used to reschedule
NAD/Airport Authority’s exist-
ing debt. Rescheduling that
debt was a condition precedent
to closing the other two financ- .
ing layers — the $140 million
bank debt, and $90 million
worth of bonds. It is those
bonds that will be rated by
Fitch.

Mr Watson told Tribune
Business of the Fitch rating:
“Once that happens, we are
ready to roll, so hopefully we'll

3 be'able:to: anhouncemext Week
apo when wet berreadyito start
> [construction]:.We areloing the

preparatory: work as we speak,
but we’re not going so far for-
ward that we can’t pull back.”

The Airport Authority chair-
man said that construction on
the $410 million Lynden Pin-
dling International Airport
(LPIA) redevelopment would
start ‘ ‘probably in the second
quarter” this year, the first pro-
ject being the construction of a
new US departure terminal on -
land next to the existing struc-
ture.

Meanwhile, Mr Watson said _
existing facilities at LPIA were
near to ) running out of space to
accommodate all the retail ten-

-ants they had newly agreed

terms with. “We’re waiting for
the removal of the second
checkpoint (upstairs in the US
departure terminal) so that we
can accommodate some of
those.we have approved,” he
explained. .

“We're waiting very patiently
for the Transportation and
Security Administration to
come in and carry out their
inspection. We’re hoping it’s in
the next several weeks: certain-
ly in February.

Mr Watson praised NAD’s
management firm, Vancouver
Airport Services (YVRAS), for
its performance to date, and
reiterated theirs and the Air-
port Authority's ambition to
create a destination that was
“very attractive and very com-
fortable” for Bahamians and
tourists alike.

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

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




PAGE 10B, MONDAY, FEBRUARY 2, 2009

THE TRIBUNE



ae a
Americans saving more, spending less

fi By MARTIN
CRUTSINGER
AP Economics Writer

WASHINGTON (AP) —
Americans are hunkering down
and saving more. For a reces-
sion-battered economy, it could-
n't be happening at a worse
time.

Economists call it the "para-
dox of thrift." What's good for
individuals — spending less,
saving more — is bad for the
economy when everyone does
it.

On Friday, the government
reported Americans’ savings
rate, rose to 2.9 per cent in the
last three months of 2008.
That's up sharply from 1.2 per
cent in the third quarter and
less than one per cent a year
ago.

Rate

Like a teeter-totter, when the
savings rate rises, spending falls.
The latter accounts for about
70 per cent of economic activity.
When consumers refuse to

NOTICE
ESTATEOF —C
HORST WILLIBALD PIRKER

Notice is hereby given that all persons having any
claims or demands against the above-named Estate
are requested to send the same duly certified

to the undersigned on or before Friday the 1st
day of May, A.D. 2009, and Notice is hereby also
given that at the expiration of the time mentioned

above, the assets of the late HORST WILLIBALD
PIRKER late of Pelligrini 936, Post Code 5186, Alta
Gracia, Cordoba, Republic of Argentina,

will be distributed amongst the persons entitled
thereto having regard only to the claims of
which Notice shall have been received by the

undersigned.

Claims against the Estate of the above-named

individual may be sent to:-

The Manager UBS ane) Ltd.,

UBS House,

East Bay Street,
P.O. Box N-7757,
Nassau, Bahamas



spend, companies cut back, lay-
offs rise, people pinch pennies
even more and the recession
deepens.

The downward spiral has
hammered the retail and man-
ufacturing industries. For years,
stores enjoyed boom times as
shoppers splurged on TVs, fan-
cy kitchen decor and clothes.
Suddenly, frugality is in style.

Grace Case, 38, of Syracuse,
N.Y., is a self-described recov-
ering creditaholic. For 13 years,
she charged it all — cars,
clothes, repairs, vacations. She'd
make only the minimum card
payments to sustain her buying
spree for her and her family,
which includes her husband and
two children.

But after being laid off two
years ago from her job as an
accountant, she landed another
accounting job that cut her
salary from $60,000 to $40,000.
It was impossible to meet mini-
mum payments on her card bal-
ances.

Now, the Cases are on a strict

_ budget. They take "stayca-

tions," grow their own vegeta-
bles, buy only used cars and
pre-pay cell phones. Case hasn't
used a credit card in two years.
And she's saving more.

"It's really a liberating feel-
ing," she said. "If you want
something, you have to have
the money for it."

Many economists think the
savings rate will keep rising,
perhaps as high as six per cent

‘ or more.

So where's the money going?
To savings accounts? To debt
reduction?

No one knows for sure. But
Robert Frank, Cornell Univer-
sity economist, says it doesn't
much matter.

"For economic purposes, pay-
ing off debt and saving are the
same," he said. "Incurring debt
is negative savings; paying down
debt is savings."

He sees a long-term behav-
ioral shift. He calls the spending
of the past decade or more
unsustainable.

"The only way people were
able to (spend heavily) was by
harvesting cash out of their
home equity, which was just an
illusion," Frank said.

The ripple effect has been
brutal. The economy shrank at

Public Utilities Commission

EXCELLENT JOB OPPORTUNITY

CLERK/TYPIST

The Public Utilities Commission (PUC) is’Seeking a suitably qualified individual to
fill the vacant position of Clerk/Typist. The specific duties of the post will
include management of the Central Filing System, Records Management,
routine typing, relief for the receptionist, routine clerical functions.

Applicants must possess an Associate's Degree in Business Administration or
equivalent from a leading institution and five years clerical experience with
great organizational skills. The applicant must also possess skills and
qualifications in Microsoft office applications including Word processing and
Excel (Powerpoint and Access a plus),

Interested applicants may delve or fax resumes to the Human Resources
Department, Public Utilities Commission, 4" Terrace East, Collins Avenue,
Nassau, The Bahamas, so as to be received by February 13, 2009. Only

" applicants who have been nphort ted will be contacted.

_ Fourth Terrace East, Collins Avenue
P. O. Box N-4860, Nassau, Bahamas
Telephone (242) 322-4437. Facsimile (242) 322-7288
E-mail: PUC@pucbahamas.gov.bs

a 3.8 per cent annual rate in the

final three months of 2008, the .

worst showing in 26 years. The
biggest reason was that con-
sumer spending fell for a sec-
ond straight quarter, something
that hasn't happened since the
1990-91 recession.

Analysts

Analysts believe the hard
times will persist in 2009 as con-
sumers, squeezed by layoffs and
tighter credit, delay purchases
of cars and other big-ticket
items.

Some experts say consumers
have been so shaken by how
fast their wealth has shrunk, so
burned by credit card debt, that
they might not resume their
robust spending for years, if
ever.

"People are not saving; they
are building financial bomb
shelters," said Mark Stevens,
who runs a management con-
sulting firm, MSCO, in Rye
Brook, N.Y.

Matthew Conrad, a financial

‘manager at Complete Wealth

Management in Orange Coun-
ty, Calif.,.says he knows of peo-
ple who drive a BMW or Mer-





cedes and eat macaroni and
cheese for dinner several nights
a week. That suggests some are
making an awkward shift from
free-spending habits and are
reluctant to give them up. .

Today's consumers might
even Start to rival their penny-
pinching, Depression-era grand-
parents.
| "The generation that lived
through the Great Depression
was very conservative in their
spending and aggressive in sav- .
ings, " said Scott Hoyt, senior
director of consumer economics
at Moody's Economy.com. "I
think we're going to have a set
of consumers who are moving
in that direction because they
don't have that much faith in
their assets."

e AP Business Writers Anne
D'Innocenzio and Eileen AJ
Connelly in New York, Dave
Carpenter in Chicago, Stephen
Singer in Hartford, Conn., Mark
Jewell in Boston and David Pitt
im Des Moines, Iowa, con-
tributed to this report

NOTICE

IN THE ESTATE OF Janet Sarah McDowall Tomlinson late of.
High Tor in the Western District of the Island of New Providence
one of the Islands of THe Commonwealth of The Bahamas,
deceased. J
NOTICE is hereby given that all persons having ary claim or
demand against the above Estate are required to:sénd the same
duly certified in writing to the Undersigned on or before the 2nd
day of March, A.D., 2009, after which date’the Executors will
proceed to distribute the assets having regard only to the claims of
which they shall then have had notice. _ p
AND NOTICE is hereby given that all persons indebted to the
said Estate of Janet Sarah McDowall Tomlinson are requested
to make full settlement on or before the date hereinbefore
mentioned.

LEANDRA A. ESFAKIS .
Attorney for the Executors
Chambers,
P.O. Box SS-19269
No. 16 Market Street
" Nassau, New Providence
The Bahamas

PUBLIC NOTICE
From Department of
Civil Aviation

Effective Immediately:

All cheques for services or facilities of
the Department of Civil Aviation must be
made payable to the Public Treasury.

All payments must be in the form of

a money order,

bank draft, certified

cheque or cash, No personal or company

cheques will be accepted.

Payments. are to be sent directly to the
Accounts Section at Civil Aviation Head
Office, Seaban House, Crawford Street.


THE TRIBUNE



aaa eee eee
Now the PLP faces its biggest crisis
le

ym ye

FROM page 1!B

“It always seens to attract the
trash,” a Tribune reider once wrote in
a brutal assessment! of the party’s for-
tunes, a commen: borne out when
Bimini drug traffickers leapt with joy
after the party wis re-elected seven
years ago.

Last week, this point was driven
home when ex-employees of a PLP
businessman, whois said to be millions
of dollars in.debt to the nation,
revealed that his strategy was to stall on
the various legal issues facing him until |
the PLP is returned to power.

The implication is clear: when the
PLP gets elected, crooks, twisters and
charlatans get a free ride. Whether it

likes it or not, the PLP is inextricably
linked with wrong-doing and wrong-
doers by those who study national pol-
itics with a critical eye.

Now that Bahamians are wiser and
more questioning than in the past, and
with Barack Obama now leading our
big neighbour to the north, it’s to be
hoped that higher standards will be
demanded of our politicians in future.

The country is now at a critical point
where it will be judged either as poten-
tially a flourishing member of the First
World or a discredited off-shoot of the
Third. On recent evidence, it is in grave
danger of being viewed as just another

post-colonial snakepit, a reputation -

which will inevitably exacerbate an

already desperate economic slide.

The much-publicised drugs commis-
sion, the Gallagher beach death scan-

dal, the Anna Nicole debacle and now

"the Travolta issue have all helped give
The Bahamas a very bad: name abroad
over the last few years.

It is bad news indeed when interna-
tional commentators view The
Bahamas routinely as a nation of
shakedown and kickback artists with
no consciences and-no shame. It is

_ worse still if the country is seen as hav-
ing no accountability and no legal sys-
tem worth the name. If Bahamians can
accept these damning appraisals and
do nothing about them, then it means
they have become disengaged from the
expectations of the civlised world.

If the PLP is to survive, it needs to
examine itself and its motives very
closely and vow to reform itself. As it
once more braces itself to face the con-
tempt of all civilised people, now is as

MONDAY, FEBRUARY 2, 2009, PAGE 11B

good 4 time as any to make a fresh
start.

Whether the present leadership is
able to achieve such a radical trans-
formation is questionable.

The PLP, which has stooped very
low many times before, is now lower
than it’s ever been in its fortunes, with
absolutely no chance of re-election.

It is not only faced with a deep, self- *

inflicted crisis, it is making The
Bahamas look bad from North Amer-

- ica to Europe, from the Far East to

Australasia.

It must-shape up fast or bow.out of :

Bahamian politics to save the nation
from its destructive, corrosive and
deeply unsettling. presence.

© What do-you think? Fax 328-2398
or e-mail jmarquis@tribunemedia.net

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Visit our sebvue at ww w.cob. edu bs



CULINARY & HOSPITALITY MANAGEMENT INSTITUTE, INDUSTRY TRAINING DEPARTMENT
PERSONAL DEVELOPMENT COURSES ~ SPRING SEMESTER 012009





NOTICE

| No. of




























































Interested persons may contact Dr. Zorene Curry at the School of : All fees are included in the price quoted above; new students pay a one-time application fee of $40.00.(NON REFUNDABLE)
Nursing and Allied Health Professions-at 242-325-5551. See te oe ee ae f

Application Deadline: February.6, 2009 at 4:00. p.m.

For further information or to pickup an application isi contact the Tiidstry Training ‘Depa airtient oF he Calinary & etalty Management ingGine 33
fax 325-8175,



Also, anyone interested in enrolling in the BSc. Pharmacy: 393.5801. 393-6804 or

Programme for September 2009 should apply no later than
reprmary 6, 2009.

The College of the Bahamas reserves the right to change Tuition, Fees, Course Content, Course Schedide and Course Materials.

COURSE TUITIONS
SEC. CODE BEGINS ENDS DURATION | DAYS FEES RM___| Spaces _
e e ’
COOK i |
g Bit Or iste Oi Admissions Ui | | Bahamian Cuisine 1 806 Feb. 19 Mar. 26 6 weeks Thursday $375.00 MK fo Qi |
: 5 th Ta | eweets | i
The College of The Bahamas wishes to COOK me 6:00- | |
: A ue ; t Asian Cooking {800 Feb.18 Mar, 25 1 Sweeks Wednesday -| 9:00pm $385.00 LK 12
advise the public that the undergraduate fim ——S00K Te go |e et
Be ps ss a zi ey ‘ Gourmet Cooking | 1 823 Feb, 16 Mar. 23 6 weeks. Monday 9:00pm $380.00 MK i 12 |
admission application deadline for — [ Fin. , COUR ge i 600- | | |
; : : | Gourmet Cooking ll 1 824 Feb, 18 Mar. 25 6 weeks Wednesday | 9:00pm $465.00 MK sak 12
Fall 2009 is F riday 6th, February PANTS : | French & lealian COOK ; “|6:00 - |
‘ Cooking 4 820 = Feb.17 Mar. 24 6 weeks Tuesda 9:00pm . - $295.00 MK i 12. |
at me ‘Healthy & ~ COOK 6:00-
' Nutritious Cooking 4 827 Feb. 16 Mar, 23 6 weeks Monda 9:00pm $465.00 . LK ped i
NOTICE : | Cake & Pastry COOK : [600- S| |
‘| Making | 1 813 Feb. 17__Apr.7 8 weeks Tuesday 9:00pm $300.00 _PK 4 12.
‘| Cake & Pastry COOK : ~ | 6:00-
The School of Nursing and Allied Health Professions at The College : | Making Il 1814 Feb.19 Apr. 9 8 weeks Thursday _| &:00pm_|_ $325.00 _PK 2
of The Bahamas wants to implement the following Allied Health } —————""“nor —SOtt—‘C—CS Oe 7 one so a]
programmes: ‘ | Bread Making 1810 Feb.19 _April.9 _| 8 weeks Thursday __| 9:00pm $290.00. LK 12 |
Bigs COOK 6:00-. : :
e Medical Laboratory Technology ‘ Cake Decorating | 1 817 Feb.16 Apr. 6 8 weeks Monda 9:00pm $325.00 | PK | 42
> Physical Therapy 6:00 - .
> Nutrition and Dietetics : | Cake Decorating | ._Feb18 Apr.8 __| 8 weeks Wednesday _ $375.00 PK |. 12 |
> Occupational Therapy: ‘ ‘Holiday Baking 1 830 Feb.17__ Apr.7__| Sweeks Tuesday _| 9:00pm $390.00 _LK 42.3]
t

_ REQUEST FOR PROPOSAL |

CENTRE FOR CONTINUING EDUCATION & EXTENSION SERVICES
i - FOR THE DESIGN OF THE |

‘CAREER Bee SCHEDULE

‘SMALL ISLAND SUSTAINABILITY
FACILITY |

SEMESTER: SPRING 2009

_ ALL COURSES MARKED WITH AN ASTERISK (*) INDICATE THE COURSE MUST BE TAKEN AT THE SCHEDULED Poe IN ORDER TO COMPLETE
JHE PROGRAMME. THE COST OF BOOKS/RESOURCE MATERIOE S ARE INCLUDED IN THE FEES



The College of the Bahamas is seeking the’ services of
an Architect/Architectural Firm (with requisite sub-
consultants) to provide all design services including


















































3 :, sAY 1 we i
ees Eeule oe Siete ei a rom te, eee | “ development of the Brief, Plans, Specifications, and |
}—-"-} "Ta SSA GE THERAPY PROG. So a ee | — + Construction Drawings and Contract Administration for |

Prerequisites: BJC Math, English & a a Sy the: construction of the TRG. Campbell Small Island }
General Science OR High School Diploma ~ Sustainability. Facility. on land situated on Gladstone |
Leen BIC General Science seal at elie ee oa '! Road on the island of New Providence: The Facility is
MASG900 ICI | Massage Therapy Essentials [* M 9:30am 12: = m sl _$465 to become the home of the new under graduate
MLABI00 | 1CI__| Massage Therapy Essentials I* isan [afte [tants er| programmes in sustainability to be offered by the College.
LAPHv900 | ICI_| Anatomy & Physiology* 3400 ra =
| MEDT900 | 1CI_| Medical Terminology* wa W 6:00pm | 9:00pm eu $225 The selection process will consist of.two phases. The
be a ee s a pes ee een $1290} \ Pre-qualification Stage (Stage One) is open to all
Lei ed LL OM RET ER DA EMS ECE MICIAN EROS: pos SS ea] ‘ Architects/Architectural Firms licenced to practice in |
Erered pistes; EG Math aad Bugis OF the-‘Commonwealth of the Bahamas. The Selection
a sscnesensssnnesnnccuessoesensssrechensensscnsssenseee | High School Diploma oon wessanvosef nnecsoressoennesoedpecensnecsouesssonssesanesssonsessodbesssonecssocengcanvecsnnasoeefoesoen odhatecca icant totes ak Satine cco selsccneethia Committee will review all ex ressions of inter est to
‘CoMPIsT "TCT TPC Supportl TE GG0pm | 7:30pm [35 30-Feb | $500 | TENS ek f
[1 7er TeONTINUED § [79:00am | 10:30am | 25 WE oie ee determine the firms’ stability, relevant experience, |
| ComPo00” 1 7Cl_| Keyboarding ; T 11:00am | 2:00pm | 20 Sus 3 Feb $00| | familiarity with the, College of the Bahamas and its |
[ ComP930 ‘_| Web Page Design | we) 9:30am | 4: $550 goals, the commitment to and experience with sustainable
Se ST al N design and the firms’ approach: to o project organization. |
MEDICAL SECRETARY’S PROG. Ea eae ee ee ee
Prerequisites: BJC Math, English & : 8 i
General Science OR High Schoo! Diploma Upon completion of review of the expressions of interest, |
| & BIC General Science ‘the Selection Committee will select finalists who will }
| MEDTo) | ICI_| Medical Terminology* a $225 | ! receive written notification for their required appointment |
Ae | SCTE Anatomy £ Physiology rotate [27 [ss $400 | for an“in-person interview. The intent of the-formal
om lel _| Keyboarding . Ee Sk | Fe eae | _Jinterview: process is to provide the Committee with in- |





depth information fromthe selected firms in order to
make a final selection for the award of a contract.'The
Stage Two process involves a two envelope submission,
the first containing the firms’ technical information and |

~| MEDICAL BILLING AND CODING PROG.

Prerequisites: BJC Math, English &
General Science OR High School Diploma
| & BIC General Science





























































| MEDT900 [| 1CL_| Medical Terminology* = | DW 6:00pm | 9:00pm {35 | _lOwks| 25-Feb{.$325| ! the second the fee proposal. After review of thetechnical |
Bae. | Anatomy & Physiology* rae ~_ 6:00pm | 9:00pm | 25 _lOwks | 13-Feb| $400 | + submission and upon completion of the interview
COMPS [TCT | Keyboardin ir 11:00am | 2:00pm | 20 Swks | __3-Feb $200] + process; the Selection Committee will rank the firms
Pee ee ee ee lla al $825
WEDDING AND EVENT PLANNING ROG} ere a se eT and the highest ranked firm will be invited to enter into
= : oor ‘contract negotiations based on their submitted fee
Prerequisites: BJC Math and English L
eos High School Diploma Plopose
WweDp900 1 1CL_| Wedding Planning ie 6:00pm | _ 7:30pm | 25 l2wks | _17-Feb $450 The requests for propos al will be available for collection
CONTINUED } : Th 6:00pm | 7:30pm | 25 l2wks | 20-Feb{ — ==
at JED | p p | _20-Feb |
COMPIO0 [ICT | Keyboarding T [11:00am | 2:00pm | 20 Soke to ahh 300 during normal business hours commencing Tuesday
; = —eeaq| 2 20th, January from:
ot : we
LANDSCAPING INSTALLATION & :
: ____ | MAINTENANCE I i 2% The Office of the Secretary General,
ij Prerequisites: BJC Math, English & eee | Room A99,
General Science OR High School Diploma The College of the Bahamas
| Te BIC GeneraliSeience pleats tala k ent seme e ML) Poincianna & Thompson Blvds,
LAND900 ICT | Landscaping Installation & Maintenance W 10:00am [11:00am | 25 10wks | 25-Feb $350]. New Providence
Theory :
TABLASOO nid Landscaping Installation & Maintenance! | F 9:00am | 12:00am | 25 lowks| I3-Feb|. $100) Telephone: 302-4317, 302-4335
Lab : The expressions of interest are to be returned in the
~ CHiS RESERVES THE RIGHT TO CHANGE TUITION, FEES, COURSE CONTENT, COURSE SCHEDULE anceceotraes ‘| applicable format to the same office by 2:00'pm on





Friday 6th, February, 2009. Late submissions will not
be accepted.

Tuition does not include the one time $40 application fee
ENQUIRIES: Contact the Coordinator. gt Tel (242) 325-5714 / 328-0093 / 328-1936 or email perdev/dicob.edii.bs
| | z *
PAGE 12B, MONDAY, FEBRUARY 2, 2009

THE TRIBUNE



Now the PLP faces its biggest crisis

e

CRISIS, from 16B

meaningful entity in The
Bahamas.

They are wondering whether
it can ride out the current storm
without coming apart at the
seams. And, not surprisingly,
they are debating whether the
party has any kind of moral
base at all.

Even before ex-Senator
Pleasant Bridgewater and for-
mer Tourism Minister Obie
Wilchcombe were questioned
by police over the alleged
shakedown of the Hollywood
movie star John Travolta, the
party was in deep, deep trou-
ble. '

Its stock has sunk so low since
its election defeat in 2007 that
Kenyatta Gibson’s high-profile
-defection may yet signal a trend
among those who can no longer
stomach what this party stands
for. It is no secret that several
more disgruntled members are
girding themselves for the leap,
while still more are left pon-
dering whether there is anything
worth salvaging from the wreck-
age.

Even those who.are: staying
put harbour severe misgivings
about a party which has always
been firmly at fault when this
country’s name. has been
dragged through the dirt.

“The truth is,” a young
Bahamian media commentator
told Insight, “that the PLP has
for many years attracted the
wrong kind of people. Now
young people, especially intelli-
gent ones, are turning away.
They don’t want to know any-
more.” °

CAN PERRY CHRISTIE save his party from Travolta scandal fall-out?

That comes as no surprise
when you review the. last 40-
odd years of a party whose
founding fathers began with
high ideals but who lived to see
them trashed by a succession of
spivs; shysters, outright crooks
and squalid little ten percenters:
whose legacy has been one of
rank dishonesty almost from the
time it took office in 1967.

There’s no doubt the PLP

carried the hopes of the people

on its shoulders when it.

elbowed the United Bahamian
Party aside at that famous gen-
eral election. It also had a gold-
en chance to set an example to
the post-colonial world. ‘

There’s also no doubt that
some in its ranks were men of

- honour, including the late Carl-

ton Francis, .the late Sir Milo

gUcuaa

for

We accept Visa, Mastercard, Discover & Suncard.
5% Discount on Credit Cards

\

Butler and the current Gover-
nor General Arthur Hanna.

' Able men like Cecil Wallace-
Whitfield, Arthur Foulkes and
Dr Elwood Donaldson were
also given a.parliamentary voice
by that seismic upheaval in the
status quo.

But it didn’t take long for the
PLP to show what it was really
all about: Within two years dis-
eruntlement was running rife as
its ideals fragmented under the
influence of a leader whose
intentions were less. than hon-
ourable and whose methods

“were a national disgrace.

By 1969,.-it was clear that
Lynden Pindling. was-a dictator
in the making and that victimi-
sation; intimidation and cor-
ruption would soon become
dominant themes in his admin-



istration.

_ The first significant schism
came in 1970 when Whitfield,
Foulkes et al peeled off, taking
most of the party’s brainpower
with them. The Dissident Eight,
as they were called, would soon
form the foundation of the
emerging Free National Move-
ment.

By the mid-1980s, Lynden

Pindling had led the PLP into
the arms of some of the vilest
people on earth, the Colombian
cocaine barons led by Carlos
-Lehder. He had even turned a

blind eye to their, use ‘of’
Bahamian territory for drug’

trans-shipment operations;
At the time of the 1984 com-

mission of inquiry, .The.

Bahamas was already known
internationally as a “nation for



sale” and “paradise lost”.

And by 1992, when Pindling
finally lost power after 25 large-
ly awful years, the PLP was seen
as little more than‘a repository
for political reptiles and repto-
bates. i
Having once been hailedjas
a much-admired sunspot for

celebrities, The Bahamas had .
‘become a down-at-heel and

thoroughly demoralised apprpx-
imation of.its former self. {|
It was seen as little more than

‘a Third World slum: a. sunny

land full of shady people, as one

pundit so pithily observed: .,
The PLP, I need hardly add,

was right at the heart of the

-country’s sad and heartrending

decline. Investors sighed with
relief when they were treated
to a decade-long respite from
the party’s pernicious ways.
No sooner was it back in
power in 2002, however, than
the PLP began displaying many
of its old traits. Ten years in the
wilderness had done nothing to
make them repent. On the con-
trary, their innate rapacity was
all too evident within weeks of
their return.
Prime Minister Perry Christie
spent more:time fire-fighting

‘scandals within his own ranks

than he did actually governing

: the country.

The problems began with the
Korean boats outrage and end-
ed with the shocking Anna
Nicole Smith affair — a story
which left outsiders with a very
poor impression of The
Bahamas, its legal system and
what came to be regarded as its
pervasive amorality.

To his credit, current Prime
Minister Hubert Ingraham has
provided the one solid preserice,
the one true symbol of stability,
of the post-Pindling era.

Ingraham is no Barack Oba- .
ma, but what he lacks in inspi- |
rational .qualities he makes up

for with cool pragmatism.

And his government, though
far from stellar, at least-gives
the impression that it gets things
done under no-nonsense lead-

ership, even if it is noticeably

devoid of flair.
Without that steadying influ-

- ence, it’s hard to envisage what
The Bahamas might have

become had the PLP been left

to run riot. %
It’s interesting to note, for:
‘instance, that Ingraham would

have nothing to do with Fred
Mitchell when he arrived at the

FNM’s door currying favour’

and seeking a parliamentary

‘berth.

It took Ingraham no.time at
all to see Mitchell for what he
was — a damned nuisance
whose conceit eclipsed his abil-
ity many times over, and whose

“annoying presence would only
have meant. trouble down:the,

line. - ’
It’s also hard to imagine that
Ingraham would ever have list-
ed the likes of Sidney Stubbs,
Vincent Peet, Alfred Gray or

*Shane. Gibson in an election

line-up. And it’s inconceivable
that he would have allowed
Keod Smith-even to brush his
shoes.

Last week’s anguished cry

‘from activist-attorney Paul

Moss, who believes the PLP

must change its ways if it wants

to survive, ought to be a siren
call to all those young Bahami-
ans who desperately want the
party to alter its current per-
ilous course.

Moss went so far as to sug-_

gest that all scandal-ridden par-
ty figures should be barred from
running in the 2012 election.
And he believes there is a real
danger of the PLP disintegrat-
ing if it doesn’t opt for reform.

Someone among the younger
generation must emerge with
the right level of commitment
and moral courage if the PLP is
to avoid fragmentation and pos-
sible oblivion.

As things stand, the party
appears to be something far
worse than its usual shambolic,
incompetent, mismanaged and
utterly decadent self.

It is a party mired not only

in internal strife, but also in,

what is now being viewed by
the global media as a shocking
disgrace of gargantuan propor-
tions.
“Things don’t get any lower

than this,” a1 American attor-
ney told a Fox News anchor a
few nights ago as The Bahamas
became engulfed by its latest,
shameful scandal.

“When high-profile public fig-
ures are allegedly embroiled in
an alleged shakedown of a
celebrity family while they are
in the depths of grief, you have
gone as far down as it’s possible
to go,” he said. ;

Disquiet is not confined to.
foreign commentators. Ordi-
nary Bahamians are now won-
dering whether the PLP and its
leader, Mr Christie, can survive
this latest explosion of heartfelt
indignation.

“I feel the party is coming
apart,” said one Bahamian vot-
er, “It’s hard to imagine that
Christie can walk away from
this shambles and remain in
charge. It’s time to draw the
line.”

Wilchcombe, though released
after police questioning, will
find it hard.to survive the Tra-
volta debacle as a credible lead-
ership prospect.

As a former journalist, he will
know that worldwide publicity
of this kind cannot be spun into
anything remotely positive. It’s
all bad news, as he was well
aware when he reportedly
broke down last week as he
described the “pain” he felt
over the Travolta affair.

His situation is made worse
by the fact that he was such a
high-profile “friend” of the Tra-
voltas at their time of grief
immediately after the tragic
death of their teenage son.

‘Those in the leadership race
who viewed Wilchcombe as
their biggest single threat will
be taking quiet comfort from
his plight.. They will take the
view that, politically speaking,
smooth-talking Obie is already
politically dead and buried with
no hope of resurrection.

That leaves Alfred Sears, Dr
Bernard Nottage, Frank Smith
and,.of course, the dreaded

_ Mitchell in the running for

Christie’s crown should he abdi-
cate or be overthrown.
Whoever succeeds will need
to think laterally, vertically and
expansively to devise a means
of saving the PLP from itself.
They will have to introduce
a new sustainable ethos. based
on integrity and efficiency that
will lay the groundwork for the
party’s future. The PLP needs
more than wholesale refurbish-
ment. It requires a total rebuild.
At the moment, the PLP is
viewed as something much
worse than an inconsequential
party with internal problems. It
is seen as symbolic of a nation in
sharp moral decline. |
It keeps reminding the world
that what could be a great little
country is actually riddled with
venality, dishonesty and cor-
ruption, and is pretty much
beyond redemption. Even out

-of power, the PLP continues to

be an embarrassment, a nation-
al liability.

When some members heard
last week that PLP Senate
leader. Allyson Maynard-Gib-
son was acting as attorney for
the Travoltas, their first instinct
was to eject her from the party.
_ Their moral compass is so out
of whack, so badly in need of
recalibration, that their instant
desire was'to persecute a
woman whose role in this affair
appears to be strictly profes-
sional. |

“That’s the problem with
many in the PLP,” a political
observer said, “They simply
don’t know where right and

-wrong lie, they don’t know

where the line is drawn.”

The likes of Ingraham,
Foulkes, Hanna, Donaldson
and other. disaffected former
PLP parliamentarians — and
that includes even the present
party leader himself — have all
had cause in the past to part
company with an organisation
that has never fully been able to
discharge its duty to those who
elected it to power.

There has always been a deep
sub-stratum of sleaze in the PLP.
that has bedevilled its progress
from the moment Pindling took
the oath of office as Bahamas
premier 42 years ago.

SEE page 11B

istatussin Syrup Gucarrres)

For the relief of:
COUGHS + COLDS * ALLERGIES & ASTHMATIC CONDITIONS


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= FEBRUARY 2, 2009 |

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; ; (:00) Law & Or-
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TOON |creriying_frowetones [| ae Re















TRU - |Cops‘Las Ve- Ocean Force Ocean Force |Beach Patrol |Beach Patrol — /Most Shocking “The Best of Most
d gas” (CC) |"San Diego” (N) |“San Diego” (N) ‘ Shocking: Young & Dumb”



‘ 1(:00) L’Objet du’ |Vie privée, vie publique “Sacrés parcours!”
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TWC The 1937 Hindenburg disaster. o
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UNIV lo Van al Cielo juna joven criada-en un hospicio./buscan venganza.
(:00) NCIS “Once |NCIS ‘Twisted Sister’ McGee's sis- |WWE Monday Non Raw With'last week's shocking return of Shane
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vs (a0) NHL Hockey St. Louis Blues at Detroit Red Wings. From Joe Louis |Hockey Central |World Extreme Cagefighting
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WGN unniest Home |Prank on a firefighter; man vs. duck; [Dads react to diaper changes. 1 "
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WPIX “Padre de Famil- |Blair devises a plan to bring down a |Lucas struggles with casting for his
* tia’ O (CC) teacher. (N) A (CC) movie..(N) 1 (CC)

L’Ange de Budapest






PREMIUM CHANNELS












; * * BALLS OF FURY (2007, Comedy) Dan Fogler, Flight ofthe — / x % x % JUNO (2007, Comedy-Drama) Ellen Page,
HBO-E Christopher Walken. A clea Paice player goes Conchords 1 Michael Cera. A teen decides to ave up her unborn
under cover for the CIA. 1 ‘PG-13' (CC) (CC) - {child for adoption. 1 ‘PG-13' (CC)

Flight of the | THE INVASION (2007, Science Fiction) Nicole He's Just Not | Big Love “Prom Queen’ A potential
HBO-P [Conchords 0 |Kidman, Daniel Craig: An epidemic of alien origin. | That Into You: _|witness goes underground. (CC)
(CC) threatens humanity. 0 ‘PG-13' (CC) HBO First Look

:00) %& * DON’T TELL MOM: THE. |(:45) & % BIG MOMMA'S HOUSE (2000, Comedy) Martin Lawrence, Nia] * * BALLS OF
HBO-W SABYSITTERS DEAD (1991) tn , Paul Giamatti, An FBI agent ve under cover to protect a woman |FURY (2007)
. Christina Applegate. ‘PG-13' (CC) " jand her son. 1. ‘PG+13' (CC) Dan Fogler. 1
:00) * x ILLEGAL TENDER (2007, Crime Drama) | * * THE BUCKET LIST (2007, Comedy-Drama) Jack|(:45) Coraline:
HBO-S ick Gonzalez. Mother and son ee forces against — |Nicholson. Premiere. Dy er make a list of things |HBO First Look
' {murderous gangsters. ( ‘R’ (CC) to do before they expire. 1 ‘PG-13' (CC) A (CC)
6:15) % ME, |(:15) %* *% CHARLIE WILSON’S WAR (2007, Drama) Tom Hanks, Julia} * * SEMI-PRO (2008) Will Ferrell
MAX-E WSELE & - _ |Roberts, Philip Seymour Hofiman. Pomae Acongressman arranges |A’70s-era na Ae a basket-
* IRENE (2000) ‘R’,/funding for Afghan freedom fighters. © ‘R’ (CC) ‘|ball league's worst team.
“ |(:15) %% THE NUMBER 23 (2007, Mystery) Jim Car- |*% BLACK SHEEP (1996, Comedy) Chris Farley, | * PUMP UP
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tobe about his life. © 'R’ (CC) litical ambitians. \ ‘PG-13' (CC) (1990) 'R’












(e3) % FREEDOM WRITERS (2007, Prat Hi-/The L Word “LMFAO” (iTV) Jenny's |Secret Diary of a|United States of

SHOW lary Swank. iTV. A teacher inspires at-risk teens to be- |negative goes missing. (CC) Call Girl i) Tara ‘Work’ (iTV)
lieve in themselves. ‘PG-13' (CC) a 1 (CC)

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RTHUR AND dy) Jim-Carrey. A goofy gumshoe probes the kidnap- (1999; Comedy) Voices of Trey Parker. Animated. The





THE INVISIBLES |ping of the Miami dolphin. © ‘PG-13' boys try to prevent war with Canada. O'R’

Law & Order “Locomotion” A com- |The Closer A man who stole $3 mil-) Trust Me~“All Hell the Victors’ Ma-
muter train strikes an SUV parked: ° jlion in diamonds is found in the json and the team must come up
on the tracks, killing 11. trunk of acar.(N)(CC) with a new tagline for a client. ¢



MONDAY, FEBRUARY 2, 2009, PAGE 13B



iMovie Gift Ceftificate

make great gifts!

Let Charlie the
Bahamian Puppet and
his sidekick Derek put

some smiles on your |

kids faces.

Bring your children to the
McHappy Hour at McDonald's in
Oakes Field every Thursday
from 3:30pm to 4:30pm during the

month of February 2009.

Enjoy Great Food, Prizes and Lots of Fun.

i'm lovin’ it
PAGE 14B, TU

IESDAY, FEBRUARY 3, 2009

THE TRIBUNE



COMIC PAGE. 7













WHY DON'T YOU
SURPRISE ME BY
BUYING ME THAT









HA









NORA



7 You |
HAVE.A CLEAN.
NOKERCHIEF,
TIGER:



RGO PLUGS IN ERIC'S PHONE | FOR THE RECORD, IN CASE

NO: YOU NEED TO HEAR THIS,






WIFE,





DID THAT, IT
WOULON'T BE

2009 by King Features Syndicate. Inc. Wérld Rights reserved

rit

ih

SURE, WHY NOT? I’M
OUST AS ATHLETIC
AS THEY ARE!

SOMETHING HAPPENS TO
ME... TODAY TENZIN

CHOKLAY SAW TM MILLS
ALIVE AT THE PRISON

A
NOTIFY HIS

THAT DOESN'T MATTER, DEAR... |
I THINK SURPRISES ARE

EM YOUR NEXT-200R

NEIGHBORHOOD /








THEY WON'T
MAKE IT EASY














pansoess :0u pom Du ‘meopuMgitsee s Gury ha Bode

(©2005 by King Features Syreteate, ino. World rights reserved.






I CAN TARE IT_-
I’M TOUGHER
THAN THEY ARE!

ARE YOU ALL RIGHT, NORA?

I'M NOT AT: ALL SURPRISED SHE
CAME UP WITH aan ONE!

“



NORA 2



CALVIN & HOBBES

HEN, SUSIE,
STAND ON

No REASON.
JUST DO IT,
T DARE YOU.



“WE'RE WASTIN’ OUR TIME, Joey, ALL THE
G00D TARGETS ARE STAYIN’ INPOORS.”



THIS MAY NOT WORK OUT
AS HELL AS T THOUGHT.

- Sudoku: is a number-placing puzzle based on a 9x9 grid with
several givennumbers. The object is to place the numbers 1 to
9 in the empty squares so the ‘each row, each column and each
3x3 box conlains the same number only once, . The difficulty -
level of the/Conceptis Sudoku increases from Monday to
Sunday 4

























Q

“\y

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N













©2009 Conceptis Pvzzles, Dist. by King Features Syndicate. Inc.

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.



































plese












©2009 Conceptis Puzzles, Dist. by King Features Syndicate, Inc.








1/9|6|2/7/8

3)2/816)4)5

7[4{5|9/3/14

5 3|218/9)7

8/1/7)5 6/4

4|6|9/3 ite

.{9[5/3[7/2/6]

Paulie

Difficulty Level *&*&e*® 21714(118 19



FIOW many words of

four letters or more can
wou make from the

- ftetters shown here? Ix
making a word, each

“letter may be used once
only. Each must
contain the centre
letter and there must
be at least one

- gruime-letter word. No
plurals, or verb forms










ending in “s”, no words

with inibial capitals and
pheonay eee ae no words with hyphen
or apostrophe
WELCOME YOU 7o THE permitted: The first

word of a phrase is
permitted (e.g. inkjet in
inkjet printer}.

JODAY’S TARGET |
Good 11; very good 17;
excellent 22 tor more).
Sohution Monday.

YESTERDAY'S SOLUTION
ante anti arrant artier
avert errant inert
inter’ invert irate
narrate NARRATIVE
native meat nitre raita
rant ranter rate rent



















































retain retina retrain
| eae ee rite nivet taenia tare
ME eens Le PO Pe LCP ao eee
1 Where to yawn when its] \ 1 Skin colour? (4) eat et tt tier tine tinea tire
. late (10) ‘ 2. Piles of food farmers a Pd eal 3 = & train ees -ortet trine
6 ona his head in may plunge their forks SED ete S vent
into (9) =

10 Theatrical part you once
went in for (5)
“11. Is strange-in a way making

i a statement (9) 4
12. Take an attitude over 5

_ ‘something that’s beneath

“you (8) : 7
13 How one comes to. , : 8

confess (5)
15 Where one may grow a

girl (5)

Standard article fora

Set great store by (7)

An inducement to lay up -:
personal savings (4,3)

A taste that is similar (5)
Arranged to dine with
Greene (10)



















Dominance (10)

1

i









East Dons His Thinking Cap -

East dealer.
Both sides vulnerable.

ornot to take the ace.
After careful thought, East took
the trick and returned the queen of

hearts! This was certainly an unusual
play, but it rendered South helpless

fruit or'a vegetable (7) 9 Nuts ? You'll need these NORTH as the cards lay.
17 It should have a safety pin perhaps (8) @KQl If declarer covered the queen
in it (7) ; 14 Legal compulsion to be a’ ¥I94 with the king, East’s A-10-6 would
19 Consequences of Ulster’s it 2\(5 5) | zx | | ee] #10762 become a tenace over dummy’s J-9
: suitor? (9, &KQ3 and later bring about defeat alter
reformation (7) 16 No-one doubts what this eh eel deste tpi a ee ; . S ij ii
21. He toils in far from friendly ‘ » WEST | EAST West gained the lead with the dia-
fashion (7) signal means (3,5) ; we 4 105 4 98762 mond queen. And if South did not
22 It admits light or eccentric 18 Possibly lamenting getting wi Across Down 4832 ¥AQ106 — cover the queen, a low heart continu-
lie (8) 24 into a row (9) al 1 Under consideration 1 First‘Russian tsar (4) ° on 5 Me aa aves Oye would produce the
24 Hurties after a number and | 20 Notices new military N - (2,8) 2 Four-footed ».® . ” SOUTH * Observe that any other sequence
dives punishinent (6) : group (7) ‘|N Travel i - animal (9) i @A3 of plays by East to the first two tricks
27 Go fishing, but keep in 21 Stop atsea (5,2) 5 jo irawel Permit sg ie \ 7 ui etl Dees epee a he
touch (4,1.4) p at 2 : 10 Prize (5) 3 Become eventually is VK75 allows the contract to be made. The
28 Wood a d ti 23 Very hard satire? (5) QO. ge (3,2) ! ee @AKIJ.93 question, therefore, is how can East
sanding by the iver (5) 25 Worth turning into a > . Nee os (8) 4 Small hunting dog (7) tt ne #374 eas this defense will prove effec-
: uae . ction he bidding: "e. ‘

29. They light up fishes (4) ) phates : pt | 8 : Structural (7) East South West North The answer is that he cannot know
_ 30. Having trouble when 26 He employs some Hindu Ww volcano (8) 7 Deduce (5) . Pass INT Pass 3NT for sure, but that-under the circum-
bathing? (2,3,5) servants (4) 13" planet:()) 8 Very much in fashion Opening lead — ten of clubs. stances, his first two plays offered
4 15 In theory (2,5) (3,3,4) , ‘There is no question that declarer the only realistic hope for the
Yesterday’s Cryptic Solution © Yesterday’s Easy Solution 17. A fall (7) 9 Bountiful (8) has a natural advantage over the defense. East could see a total of 22
wi ; I bent 19 Infinite (7) 14 ‘Ancestor (10) defenders because he sees all of his ~ points in his own hand and dummy’s,
Across: 1. Swahili, 5 Which, 8 Test Across: 1 Backlog, 5 Bliss, 8 Water si side’s assets while each defender can which, added to the 15 or 16 to 18
- pilot, 9 Cur, 10:Nick, 12 Unchaste,14 polo, 9 Eel, 10 Ruby, 12 Handsome, 21 Not to be found (7) 16 Walling (8) see only half of his side’s resources. points presumably held by declarer,
Callow, 15 Harass, 17 Nominate, 18 14 Ordain, 15 Racket, 17 Clincher, 22 Savoury smell (5) 18 Lack of life’s evertheless, a thoughtful defender — left West with at most two or three

Atop, 21 Oft, 22 Reinforce, 24 Rased, 18 Myth, 21 Act, 22 Vingt-et-un, 24 24 Outside (8) necessities (9) can give a good account of himself if points. .
25 Atropos. : Donor, 25 Nursery. 97° Uncontrollable fit of 20 Asort (7) he makes use of all the information If West had one or no’ points,
Down: 1 Satin, 2 Ass, 3 Imps, 4 In Down: 1 Bower, 2 Cut, 3 Lure, 4 7 Une e fit o 21 French painter, available to him: there was no hope of stopping the
line, 5 Watchman, 6 Incessant, 7 Global, 5 Broadway, 6 Ice hockey, 7 laughing (9) - 4.1954 (7) | Take this case where North-South contract, But if West had the queen
Harness, 11 Cellmates, 13 Cornered, Solvent; 11 Badminton, 13 Discover, | 28 Constructed (5) 23 Start (5) reached three notrump as shown and (or king) of diamonds and declarer
14 Contour, 16 Attila, 19 Press, 20 14 Orchard, 16 Pennon, 19 Handy, 29 Assess (4) 25 Raging (5) West led the ten of clubs. Declarer could not collect nine tricks without
Afar, 23 Rap. 20 Stir, 23 Tee. mene played low from dummy, and East's establishing that suit, the defense had
30 26 Sojourn in a place (4) . first problem was to decide whether a chance. Since a low heart return

would not do the job if South had the
K-x-x, East returned the ‘queen and
reaped a just reward soon afterward,

©2009 King Features Syndicate Ine,


Albuquerque
Anchorage

Atlantic City
Chicago”

Dallas

eh





KEY WEST
High: 74° F/23°C
Low: 63° FAT’C

Shown is today's weather. Temperatures are today

highs and tonights's lows.

Tuesday
High Low W High Low W
Fie FC F/C FC
5512 30/-1 -s— <5TA3 3110s
5/-15 -5/-20 c 2/-16 -7/-21 s
Atlanta = = 52/11 30/-1 46/7 23/-5 co
47/8 30/-1 ¢ 34/1 18/-7— sn

46/7 31/0 + 34/1 18/-7 ~sn
44/6 26/-3 c 33/0 18/-7 sn

Charleston, Sc G85 17K, ¢ = 18-7 os
~30/-1 14/-10 sf © 22/-5- 8/13 a

31/0 18/-7 c 23/-5 9/-12 sn
62/16 35/1 s 59/45 307-1
46/7 23/-5 po 54/12 26/-3 5
82/0 19/-7 ¢. 22/5 8/-13-~ sf.






Z 80/26 69/20 pc 77/25 67/19 ° sh
60/15 38/3 pe 65/18 38/3 -s-









, Sunny to partly 7 Overcast, showers: - | - Partly sunny and
- Cloudy and breezy. : 3 around; breezy. ’ breezy. - |

“High: 75° ~~ High: 70°







Low: 57° - Low:57°

RR aaicn ao





Lowr:65° F/18°C






Ss



"Hight 0" E27"
towerFoG






Tuesday
W High = Low Ww



Jacksonville ; Phoenix












Kansas Gity - Pittsburgh
Las Vegas Portland, OR ~
Little Rock

Los Angeles

Louisvit 89/8 23/5





‘Miamr Tee eon
Minneapolis





; Tucson 71/24
Washington, DC 50/10 29/-1

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=
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=
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INSURANCE MANAGEMENT

SURANCE BROKERS & AGENTS

Ss

(BAHAMAS) LIMITED. IN








VISIBILITY WATER TEMPS.
5-10 Miles

5-10 Miles ~
5-10 Miles
5-10 Miles
5-10 Miles

5-10 Miles





E at 10-20 Knots
SSE at 10-20-Knots
E at 10-20 Knots
SSE at 10-20 Knots
* Eat 10-20 Knots
. SSE at 10-20 Knots





~TA24'S” FREEPORT Today:
! 40/4 30-1 r ibs
49/9 -26/-3-¢-
G5/18 Sertt ©


















“the higher the AccuWeather UV Index™ number, ‘the

Clou and ie
oy. 2. greater the need-for eye and skin protection. ‘

‘High ce

| Low:64°"

: leather RealFeel ,
67°-61° F
The exclusive AccuWeather RealFeel Temperature® is an index that combines the effects of temperature, wind, humidity, sunshine intensity, cloudiness, precipitation, pressure, and

> elevation on the human seal that effects how warm or cold a.person feels. Temperatures reflect the nigh and yee low for the ‘day,




93/33 75/23. 3S






oa NASSAU



6:30am. 0.2

12:04 a.m. -
12:26 p.m. 24 :







7:36 a.m. 0.2
7:34 p.m. -0.1

8:48am. 0.2





: Statistics are for Nassau through 1 pat m. vestentay

“Temperature

3 AIG: Sai iaitesieMeciereceasthccon LO P2aHe

a LOW. .ocosescscceccessscsensassecnssescrosesaseenesoesee O9° F/TS® C
peas Normal high
Normal low .
Last year's high
Last year's low ...
Precipitation ;
As of 1p.m. yesterday j

Year to date ...

Normal year to date

AccuWeather.com

Forecasts and graphics provided by
AccuWeather, inc. ©2009



Wetinesday? 14am.





57am. 0.1.



TT? F/25° C
- 64° F/18° C
. 80° F/27° C
. 63° F/17° C-





6:52 a.m. Moonrise. . .
.5:55 p.m. WMoonset.........none





AA OGRA
NNNNANNS
pNA NAN SN









INNANNY Of
ANNNNNUS




\.\ Showers.



ANNANSNNY

EL)

ELEUTHERA

Shown are noon positions of weather systems and
precipitation. Temperature bands are highs for the day.
Forecast hightow sec are for selected cities.





AUTO INSURAN



SAN SALVADOR
» High: 79° F/26°C
Low: 61°F/16°C










MAYAGUANA
een Dee e




sree 72/29. ‘sh
97/36 68/20 s_
9283 73/22







RAGGEDISLAND es rec

GREAT INAGUA
85° F/29° Cc
67° F 9°C









Weather (W)

partly cloudy,
Snow flurries

showers, t
precipitation


The Tribune

MONDAY, FEBRUARY 2, 2009

Aerie atta
ve Liberal



/Tribune staff

jor

lipé Ma

Fe



‘Way of Life!
eo wey, weer







izuki APY is perfect for the
y arid also for “ bus inens,

fusl-eficlsney i aL ‘round ut iy

© 1600 ce engine
# Autor ae beech




Player ;
* Dual air ¢ Conditioning
ia tour Crnig

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