Citation
The Tribune

Material Information

Title:
The Tribune
Uniform Title:
Tribune (Nassau, Bahamas)
Portion of title:
Nassau tribune
Place of Publication:
Nassau, Bahamas
Publisher:
Tribune
Publication Date:
Frequency:
Daily, except Sunday
daily
normalized irregular
Language:
English
Physical Description:
v. : ill. ; 58 cm.

Subjects

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

Notes

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

Record Information

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

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This item has the following downloads:


Full Text
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Volume: 106 No.118





CLASSIFIEDS TRADER CL; |









BAHAMAS EDITION

www.tribune242.com

THURSDAY, APRIL 15, 2010

R CLASSIFIEDS TRADER

Dall {imits for

Serious crimes

Government vows
restrictions in the
Speech from Throne

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

IN ANSWER to the alarm-
ing number of crimes being
committed by persons out on
bail, the government of the
Bahamas vowed in its Speech
from the Throne to amend
the Bail Act to restrict the
right of bail for persons
charged with serious crimes.

Receiving cheers and
applause from persons in the
gallery as the Governor Gen-
eral, Sir Arthur Foulkes deliv-
ered the speech at the open-
ing of Parliament, this act will
replace the current Bail Act
and limit the circumstances
under which bail may be
granted.

Amongst the list of other
Parliamentary matters that
will be placed before the
House of Assembly for this
session are legislation to mod-
ernize and simplify the pro-
bate of estates, Amendments
to the Road Traffic Act to
eliminate Act Insurance and
replace it with full third party

insurance; legislation to repeal
the Hotel Corporation Act;
the introduction of a Con-
tractors Act; legislation for a
Bahamas Financial Services
Authority; a Law of Property
Act and a Registered Land
Act; legislation for a Land
Adjudication Bill; and an
amendment to the Antiqui-
ties, Monuments, and Muse-
ums act which will lift the
moratorium on salvaging of
historic wrecks.

Speaking to the media fol-
lowing the delivery of the
speech, Opposition Leader
Perry Christie said that it will
be interesting to see the
extent to which the govern-
ment is serious about reform
when it comes to this issue.

“T have made speeches
before to the effect that even
if we have to amend the con-
stitution it is important that
we get crime particularly
crime committed by people
on bail, heinous crimes, like
murders, that we have to find
a way to protect our citizenry

SEE page two





PEnsoy Time OFF WITH A



















~~
=



ca



â„¢ GOVERNOR GENERAL Sir
_| Arthur Foulkes and his
wife Lady Joan Foulkes
are all smiles after the
delivery of the Speech
from the Throne.

* MORE PHOTOS ON
PAGES 10 & 11



SIR Arthur Foulkes
was officially sworn in as
the country's eighth Gov-
ernor General after tak-
ing his oath of office dur-
ing a ceremony at Gov-
ernment House yesterday
morning.

Minutes later, he deliv-
ered the Speech from the
Throne ahead of the
opening of Parliament
which outlined the gov-
ernment's legislative agen-
da for the remainder of its
five-year term.

The ceremony came a
day after the Cabinet
Office announced the vet-
eran journalist's appoint-
ment and after much spec-
ulation that he had been
tapped by the nation's
chief to succeed Arthur
Hanna who recently

SEE page 14









ear






PRICE —75¢ (Abaco and Grand Bahama $1.25)

Ts

rT
IN TODAY’S TRIBUNE



Available at

Mt. Royal Ave.
Tel:326-1875






Man dies after being
shot in face and chest



A MAN has died in hos-
pital after being shot in the
face and chest by an
unknown assailant, police
reported yesterday.

Officers were alerted to
the shooting at around
2.30am. When they arrived
at the scene on Washington
Street off Cordeaux
Avenue, the victim — a 36-
year-old Podoleo Street man
—was still alive.

He was taken to hospital
and was reported to be in
stable condition.

According to police, he
died of his injuries late yes-



terday afternoon.

Several hours earlier, at
around 9.30pm on Tuesday
night, police were called to
Strachan’s Alley off Kemp
Road where they found a
56-year-old man suffering
from multiple stab wounds.

The victim was reportedly
walking on Kemp Road
when he was attacked by a
group of men.

He was taken to hospital
by ambulance. Police could
not confirm his condition
before press time last night.

SEE page 19










% =.

Cabinet to review report
on Freeport Container

Port actions in tornatio

By TANEKA THOMPSON
Tribune Staff Reporter

tthompson@tribunemedia.net

A PRELIMINARY :
report detailing the actions |
of the Freeport Container :
Port during a deadly torna- :
do that killed three workers :
and injured four others as :
the twister ripped through :
portions of Grand Bahama :
will soon go to Cabinet for ;
review, said Labour Minister:

Dion Foulkes.

"As the minister respon-
sible I'm in the process of }

SEE page 19

Tim Clarke/Tribune staff

Environmental concerns raised over
Bimini Bay Resort development

By MEGAN REYNOLDS
Tribune Staff Reporter
mreynolds@tribunemedia.net

CONCERNS over ecolog-
ical destruction at the $75 mil-
lion Bimini Bay Resort have

reached a critical point as
development presses on with-
out a long-overdue Environ-
mental Management Plan
(EMP) and Environmental

SEE page 15

Sir Durward Knowles’ family appeal for blood donations

FAMILY and friends of Sir Durward Knowles are appealing to the
public to donate blood to Doctor’s Hospital as the 92-year-old
Olympic athlete continues to recuperate following a three-car colli-
sion on the Eastern Road earlier this week.

Having been removed from the intensive care unit, Sir Durward is
said to be awake and stable. He is, however, not receiving visitors at
this time. Initially suffering from cuts and bruises from his accident
on Monday, Sir Durward is expected to be in the hospital for a few
more days. The family and friends of Sir Durward expressed their
thanks and appreciation to the many persons who called and visited,
and asked that he and the family be kept in their prayers.

The blood bank at Doctor’s Hospital is open from 8am to 8pm.





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PAGE 2, THURSDAY, APRIL 15, 2010



LOCAL NEWS

THE TRIBUNE



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LEO RYAN PINDER, the new Member of Parliament for Elizabeth, was sworn in during the opening of
a new session of Parliament yesterday.

Leo Ryan Pinder is
sworn in as PLP MP

By ALISON LOWE
Tribune Staff Reporter
alowe@tribunemedia.net

LEO Ryan Pinder thanked
his constituents, family, party
leaders and parliamentary col-
leagues yesterday during his
first address to the House of
Assembly upon being formally
sworn in as a PLP MP after the
hotly-contested Elizabeth by-



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election and the election court
battle that followed.

Mr Pinder, who ultimately
won 1,504 votes to the FNM’s
Dr Duane Sand’s 1,501,
replaces former PLP MP Mal-
colm Adderley, who resigned
in January, forcing the by-elec-
tion.

He officially joined the lower
chamber of parliament at the
same time as Michael Pintard
took his oath to become a Sen-
ator in the upper chamber.

In his address, 35-year-old
Mr Pinder recommitted him-
self to the messages he sent to
Elizabeth constituents in the
“whirlwind campaign” in the
run-up to the February 16 by-
election, saying small business
development and training
remain among his plans to
enhance the community and by
extension, the nation.

Mr Pinder, an attorney by
profession, said that without a
representative who will “con-
sciously and methodically fight”
for legislation that will support
the best efforts of constituents

FROM page one

and the government appears
to be making a stab at it.”

However he warned that he
has to wait and see when the
legislation comes, how the
government will get around
the constitutionality of
restricting bail.

Echoing this concern was
the PLP’s deputy leader attor-
ney Philip Davis.

“T understand the cries out
there about persons on bail
but I don’t know if the answer
out there is to amend the Bail
Act. I think the answer is to
ensure that persons are tried
in a reasonable time, that has
been the problems that we
have been faced with. We are
dealing with the problem at
the wrong book end,” he said.

What is certain, however,
according to the PLP, is that
the government’s commit-
ment going forward seems to
be to follow through with con-
stitutional matters that the
PLP had left in place. For
instance, Mr Christie sa his
government had in progress
matters to deal with land, the
improvement of the adminis-
tration of justice, and health
care.

“So it’s going to be inter-
esting for us to see the extent

ue ee
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A ti)
PHONE: 322-2157



to better their lives, communi-
ties cannot become more inde-
pendent and advance.

In an apparent reference to
the close election result, the
MP said constituents of Eliza-
beth have demonstrated that
the days of “blind allegiance”
to one party are over and elec-
toral success now depends on
candidates and parties coming
with a “vision, a message of
hope and a commitment to fair
play” - principles which Mr
Pinder said he believes he
“embodies” as a representa-
tive.

The young MP described his
election as the passing on of a
“baton of service” from his
father Marvin Pinder, former
MP for Malcolm Creek, who —
with Mr Pinder’s mother, wife,
children, siblings and other
family members and support-
ers — was present to see him
take his place in the House of
Assembly.

The House was then
adjourned to Wednesday, April
21.

Bail limits
to which the government is
committed to reform because
the Speech from the Throne
has been put into the context
of a country that needs
reform and laws that need
reforming and so really how
they go about doing it is what
we need to see with respect
to legislation coming before
us.

“The challenges of our
country are such that the gov-
ernment is compelled to find
some kind of workable solu-
tion to crime and to give peo-
ple hope that the government
is preparing itself to involve
our people in a meaningful
way whenever the recovery
comes in the global economy.

“That is what our complaint
has been. That we have not
had the basis from this gov-
ernment of giving people in
this country hope that they
have a workable or realistic
plan that would give people
the hope that things would be
okay as we go into the
future,” he said,

As for now, Mr Christie
added, the Speech from the
Throne really is only a reflec-
tion of the government’s leg-
islative intention; as it will
take any number of debates
to really find out what the
government has planned to
improve the economy and to
find jobs for Bahamians.

“So we have heard the pro-
nouncements as to new legis-
lation. We have to wait for
the government during the
debates to see what their
action will be,” he said.

MAIN/SPORTS SECTION

Local News
Local News
Editorial/Letters

P1,2,3,5,6,7,8,9,10,11,12,14

P13,20,28
P16,17,18

OBITUARIES/RELIGION 28 PAGES

CLASSIFIED SECTION 36 PAGES

USA TODAY MAIN/SPORTS SECTION



TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM





THE TRIBUNE

LOCAL NEWS

Move for parliamentary
committee to investigate
Freeport tornado tragedy

MP says probe should
examine weather

GRAND Bahama MP Obie Wilch-
combe yesterday moved to have a par-
liamentary select committee appointed
to probe into the circumstances sur-
rounding the deaths and injuries arising
out of the tornado that struck the
Freeport Container Port.

Mr Wilchcombe, in the House of
Assembly’s first sitting of the new leg-
islative session, gave notice of his desire
to see such a committee appointed — a
request that the Speaker of the House
will now consider.

The West End and Bimini MP said
the select committee, which would con-
sist of a group of parliamentarians
empowered to investigate the events
through reference to witnesses and
documents, among other things, should
look into the weather that prevailed
on the day in question, May 29.

He further said that such a commit-
tee should investigate the deaths and
injuries that resulted as well as allega-
tions that these deaths and injuries and
the destruction at the container port
in particular may have been avoided
had timely weather warnings been
issued.

Mr Wilchcombe suggested the select
committee should also be empowered
to inquire into allegations that there
was negligence by the Minister of the
Environment “in failing to ensure that
there was a Meteorological Office in
Freeport on May 29” and that there
was not a sufficient response from cer-
tain government agencies in the wake
of the tornado strike. MP for Bain and



TATE

Ca UCT ESS

Obie
Wilchcombe







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isc

TOPPLED: The fallen crane at Freeport Container Port after the tornado struck.

Grants Town Dr Bernard Nottage also
called for the appointment of a select
committee to “examine the unaccept-
ably high levels of criminal activity in

the Bahamas”, and to look into the
social conditions that may have con-
tributed to this state of affairs.

Impact

This select committee would look
into what impact the conclusions and
recommendations of any other com-
mittees have had on crime and to
“make recommendations with respect
to solutions.”

The request comes after the previ-
ously appointed select committee on
crime was dissolved following the pro-
rogation of parliament.

Dr Nottage also, in the form of a



“resolution on free and fair elections”,
called on the government to “ensure
that in the future the resources and
staff which are necessary to organise
free and fair elections are supplied to
the Office of the Parliamentary Com-
mission.”

He made this call given the fact that
election court cases over election out-
comes in the constituencies of Marco
City, Pinewood and Elizabeth have
“made adverse findings of fact with
regard to the conduct of elections, call-
ing into question whether elections in
the Commonwealth of the Bahamas
are free and fair” and focused on the
conduct of the Parliamentary Com-
missioner and his staff and the
“resources provided to oversee elec-
tions.”

etic | Govt renews Freedom of
Information Act pledge





THE government has
pledged to pass several new
laws aimed at better protect-
ing the environment.

In yesterday’s Speech
From the Throne, new Gov-
ernor-General Sir Arthur
Foulkes announced that a
number of Bills will be
brought before parliament
aimed at reinforcing domes-
tic laws and fulfilling inter-
national obligations con-
cerning environmental stan-
dards.

These laws — which will,
among other things, impose
fines on the disposal of car-
bon-polluting items such as
vehicles, tyres and appli-
ances — are on the agenda
for the new session of parlia-
ment.

Among them is a Bill for a
Forestry Act and an amend-
ment to the Bahamas
National Trust Act estab-
lishing a trust to support the
protection and maintenance
of country’s biodiversity.

“My government is
pleased to have provided
significant international and
regional leadership with
regard to environmental
protection and climate
change which threatens our
way of life and our econom-
ic development,” Sir Arthur
said.

Legislation to benefit
vulnerable citizens

Sir Arthur said the gov-
ernment will continue to
reform and modernise laws
related to the country’s
“most vulnerable citizens.”

He said legislation will be
placed before parliament to
enact the Good Samaritan
(Food Donation) Act, as
well as the Persons with Dis-
abilities (Equal Opportuni-
ties) Act. Also to be brought
before parliament, the gov-
ernor-general said, are Bills
to amend the Legal Profes-
sion Act to facilitate “more
expeditious disciplining” of
errant attorneys; an Animal
Control and Protection Bill
to improve the protection
and control of animals; legis-
lation for a Small and Medi-
um Size Business Develop-
ment Act; legislation for a
Contractors Act; and legisla-
tion to amend the Road
Traffic Act.

THE government has
pledged its renewed com-
mitment to delivering a
Freedom of Information Act
“to enhance transparency
and accountability” before
the close of its present term
in office.

In the Speech from the
Throne, delivered yesterday
by Governor-General Sir
Arthur Foulkes, it was stat-
ed that the legislation would
“provide the Bahamian peo-
ple and the media with
greater access to govern-
ment decision-making and
actions.”

“My government has a
long-standing commitment
to good, effective and open
governance,” said Sir
Arthur, reading the Speech.

A Freedom of Informa-
tion Act was first pledged in
the FNM’s 2007 election
manifesto.

Most democracies have







enacted, or moved towards
creating a Freedom of Infor-
mation Act. The United
States passed an FOIA in
1966, with the UK follow-
ing in 2000.

Apart from outlining the
right of the public to access
certain information, the
“sunshine” law would also
create penalties for public
authorities who withhold
documents. Advocates of
the law in the Bahamas say

it would help reduce scan-
dals and cases of corruption
that often only come to light
years after they occur, if at
all.



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THE TRIBUNE

THE majority of Tribune

THURSDAY, APRIL 15, 2010, PAGE 5

Readers say not enough done to



prepare public for one-way system

readers taking part in our latest
online poll feel the government
did not do enough to prepare
the public for the new one-way
traffic system on Baillou Hill
Road and Market Street.

The poll, posted on tri-
bune242.com, asked readers if
they think the transition to the
new system was handled prop-
erly by the Ministry of Works.

Of the 202 readers who
responded, 124 said signs
should have been put in place
well before the change was
made, while only 78 felt there
was suitable notice and infor-
mation.

Reader Craig Stubbs said he
feels the transition was not
properly managed.

He said: “During the con-
struction, government ought to
have continued their public
awareness campaign. We have
visitors still using the old road
maps unaware of the changes.
Family Islanders are complain-
ing that they had no knowledge
of the road improvements.

“The bottom line: there was
not enough media coverage or
signage. A prime example is the
installation of road dividers on
Robinson Road between Mar-



THE one-way system has proved problematic.

ket Street and First Street -
changes initiated at the last
minute and motoring public
was not informed.

Nadia said the government
didn’t think the matter through
before planning the new sys-
tem.

She said: “I feel the govern-
ment should have fixed and
paved the roads, made them
wider, then changed the direc-
tion of the roads if they wanted
to.

“Town meetings with all per-
sons who would be affected by
this change should have taken
place before any decision was
made on the directions of the
roads. Why did the government
make their decision, then

decide to have town meetings?”

However, Erasmus Folly put
the ongoing confusion on Bail-
lou Hill Road and Market
Street down to the fact that the
public is “woefully ignorant”.

“Their inability to handle a
simple traffic
optimisation/reversal scheme
should be all the proof we
need,” he said.

The reader noted that the
relevant information was print-
ed in the newspapers, “but our
ignorant people simply didn't
want to take the time to read it
and understand it. They are not
doing their duty as citizens, but
are happy to blame the gov-
ernment for their own igno-
rance.”

Western Air makes inaugural Kingston trip



PUSHIN’ DA ENVELOF

By Jamaal Rolle



WESTERN Air made its inaugural trip into
Kingston, Jamaica, on Monday, a day after Air
Jamaica officially discontinued its services
between the Bahamas and that country.

“The first day was successful. We had 33 pas-
sengers on board.

“We are just monitoring it right now. Every-
thing looks good, looks profitable. As soon as
May we hope to start the Montego Bay flights,”
said a Western Air representative.

Western Air said that at $400, their round-
trip ticket is cheaper than what Air Jamaica
offered in the past.

The first passengers flying the airline’s new

“There are a lot of Bahamians here living and
going to school and there are a lot of Jamaicans
working in Nassau. Most of them don't have
(US) visas, so it would be difficult for them to
travel,” said Rex Rolle, Western Air’s president
and chief executive officer, while speaking to
the media at Kingston airport about the benefits
of a direct route that bypasses the US.

Jamaica Dispatch Limited was contracted to
handle all ground operations related to the
Jamaica service so no additional Bahamians will
be employed to service the route.

Western Air will operate one flight per day
into Kingston between Sunday and Friday until it













route touched down at the Norman Manley Inter- —_ adds its daily service to Montego Bay on Fri- - 0 © COST O < <

national Airport in a SAAB 340A aircraft. days and Sundays. ~~, nt ac »

Illegal immigrants believed to he smuggled from Bahamas enn caine
A GROUP of illegal immi- Agents reportedly found — of human life and are only con- =

grants apprehended off the stacks of US and Bahamian cerned about making a profit. Bie edSate

Florida coast late Monday are cash on board the vessel sug- “ICE will continue to aggres- r v

believed to have been smug-
gled from the Bahamas.

The 15 Haitian, Jamaican
and Sri Lankan migrants now
facing immigration removal
proceedings and/or criminal
prosecution were taken into
custody when police and immi-
gration officials swooped on a
yacht beached around one nau-
tical mile north of the Haulover
Inlet in Miami-Dade County.

With them, were two Cuban
men who are being held on sus-
picion of smuggling the
migrants and face federal crim-
inal charges.

The United States Immigra-
tion and Customs Enforcement
(ICE) unit has also seized the
migrant boat for ongoing inves-
tigations.

gesting ties with the Bahamas,
but this was not confirmed by
ICE.

Last year, several arrests
were made after Bahamian
smugglers caused the death of
migrants in Palm Beach Coun-
ty.
“ICE strongly discourages
people from taking to the seas
and attempting to illegally enter
the United States through mar-
itime means,” said Anthony
Mangione, special

agent in charge of the ICE
Office of Investigations in Mia-
mi.

“Tragically, many have lost
their lives while attempting this
illegal and treacherous trip.

“Human smugglers have a
callous disregard for the value

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PAGE 6, THURSDAY, APRIL 15, 2010

LOCAL NEWS

THE TRIBUNE



THE UNION OF TERTIARY EDUCATORS OF THE BAHAMAS

Union repeats
its threat to
disrupt exams

Call for full audit of COB finances

THE Union of Tertiary
Educators of the Bahamas
has reiterated its threat to
disrupt examinations and
called on a full audit of the
College of the Bahamas’

finances. In a statement
issued to the media yester-
day, UTEB said that the col-
lege’s negotiating team
refused to meet with the
union over the weekend and

for much of the first two
days of the week.

One day was spent work-
ing out an agreement con-
cerning when the two teams
would meet and “setting an











aoe









THE COLLEGE OF THE BAHAMAS: The Union of Tertiary Educators of the Bahamas called on a full audit

agenda for what would be
discussed and when it would
be discussed,” the union
said.

ORALEE’S FASHIONS

has the most beautiful

Unwillingness

“Again, the college’s
unwillingness to be active
participants in the negotia-
tion process is becoming
appallingly clear, particular-
ly as we begin discussing
salaries and related finan-
cial matters, matters that
require budgetary input.

“Consistent with our
request for a forensic audit
in early December 2009,
UTEB asked for the total
emoluments of the college,
including a breakdown of

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of the College of the Bahamas’ finances.

‘Again, the college’s unwillingness to
be active participants in the negotia-
tion process is becoming appallingly
clear, particularly as we begin dis-
cussing salaries and related financial
matters, matters that require budgetary

input.”

— UTEB



names, positions, and
salaries of individuals who
fell under staff, manage-
ment, middle managers, et
cetera.

“We have yet to receive
the financial information
that was requested during
this period or to receive a
response regarding the
forensic audit.

“In fact, neither the col-
lege administration nor the
government entity respon-
sible for carrying out the
requested audit has respond-
ed.

“UTEB is more than will-
ing to take into account the

economic state of the coun-
try and the financial reali-
ties of the college when it
negotiates salaries; howev-
er, this is only possible when
there is a clear understand-
ing of the college’s financial
condition and the knowl-
edge that the college’s
administration is making
similar concessions in order
to maintain the financial via-
bility of COB as it seeks to
continue its mission to pro-
mote national develop-
ment,” the statement read.

The union added that it is
“unfortunate” that in the
21st century, those directly

¢ OMNESG
d Vcasaer ¢ ilel Ipera
presents



responsible for the college
can essentially stall negotia-
tions to prevent faculty,
staff, students, stakeholders
and the general public from
understanding the financial
reality at COB.

“These questions remain
unanswered,” the statement
read.

“Is student learning a pri-
ority to the college adminis-
tration?

“How are the college’s
funds being utilised?

“How are administrators
making concessions?

“Are contributions like
scholarships being utilised
as donors anticipated?

“And, why was the foren-
sic audit never done?”

INSIGHT

For the stories

behind the news,
read Insight
on Mondays

The Story of The Spirituals

t

8:00 pm, Friday, April 16, 2010
Christ Church Cathedral
Direoted by: Dr. Cleveland A. Williams
Pianist: rs. Audrey Dean Wright

Denation: $20.00

Part Proceeds in aid of The Bahamas Cancer Society

[ie kets available at:

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Come enjoy this evening of Negra Spirituals with the Massau City Opera Company Singers

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THE TRIBUNE

THURSDAY, APRIL 15, 2010, PAGE 7



LOCAL NEWS

<7, 1
Murder trial opens

in Supreme Court

By DENISE MAYCOCK
Tribune Freeport Reporter
dmaycock@tribunemedia.net



FREEPORT — The murder trial of Herman
Francis and Raymond Darling opened in the
Supreme Court on Tuesday before Justice Hart-
man Longley.

Francis and Darling are accused of the murder
of 34-year-old Tyna “Penny” Pinder on Novem-
ber 25, 2005. Pinder, a secretary at the Cool
Breeze Apartments, was shot during an attempt-
ed robbery.

During the prosecution’s opening address, the
jury was told that Francis and Darling planned
the robbery together, took steps to carry it out
using a shotgun, and intentionally caused the
victim’s death. According to the prosecution, the
bullet that killed Pinder entered one side of her
neck and exited the other.

Prosecutor Jillian Williams is leading a team of
attorneys representing the Crown. Brian Hanna
is representing Darling and Mario Grey is rep-
resenting Francis.

Megan Pinder, the victim’s sister, said she last
saw Penny at home around 8am on the day of her
death, when Penny left for work and to drop her
son off at school.

She later spoke to her sister around 10am.
“Penny was in good spirits,” the witness recalled.

The next time she saw her sister, Ms Pinder
was identifying the body at the Rand Memorial
Hospital morgue on December 1, 2005.

Leonard Martin, owner of Cool Breeze Apart-
ments, told the court he left Penny alone in the
office at around 11.30am to run some errands.

When he returned about 10 minutes later, he
was informed by police that she was dead inside
the office, he said.

Mr Martin said Penny was responsible for
interviewing tenants, collecting rent, taking com-
plaints, and clerical work. He said that she had
collected no cash that morning.

Solomon Hield, a restaurant manager, and

Frederick Bastian, a PE teacher at Tabernacle
Baptist Academy, each told the court they saw a
man with a gun near Settler’s Way shortly after
the shooting.

Hield was driving south on Forbisher Drive
at around 11.30am when he saw a young man
with a shotgun running in the other direction.

The shotgun was about three-and-a half feet
long, he said.

According to Hield’s testimony, the gunman
was heading away from the Cool Breeze Apart-
ments and went through a track road between
Drake Avenue and Settler’s Way.

Hield described the man as being between
5°11” and 6’ tall, of dark brown complexion, and
weighing about 150 to 160lbs.

He was wearing a white t-shirt, dark pants and
an olive green cloth over his face, Hield said.

Mtr Bastian said that around 11.40am, he also
observed a man fitting this description on a track
road near the Tabernacle school on Settler’s
Way. He said the man was about 6ft tall, dark,
and weighed about 145 to 165lbs. He was wearing
a white short sleeved shirt, black Dickies pants,
and a green sweater.

Mr Bastian said the man was armed with a
pump shotgun. He said he was able to see the
man’s face, but was not contacted by police to
attend an ID parade. Cross-examining Hield,
Francis’ lawyer Mr Grey said the witness’ descrip-
tion of the man in court differed from the account
he gave police on November 29, 2005.

In a signed police statement, Mr Hield had
noted that the man was not too dark and made no
mention of his height.

Police officer Billy Ferguson of the Criminal
Records Office said he went to the Cool Breeze
Apartments around 11.45am on November 25,
2005, and took several photographs of the crime
scene. He said that on December 1, he also took
photographs of the victim at the Rand’s morgue.

The officer said 31 negatives were processed
and compiled into an album, which was exhibit-
ed as evidence in court.

Bumpin Big Show circus coming

FREEPORT - The count-
down is on. There are only
three weeks left until the arrival
of Casual Cal’s Bumpin Big
Top Circus.

It is guaranteed to be a “jaw
drop’n, eye poppin’, finger
snappin’, toe tappin’, house
rock’n high energy Urban Cir-
cus,” said its sponsor.

The Bumpin’ Big Show Cir-
cus 2010 International Tour vis-
its Freeport from May 5-9 at
the St Georges Auditorium
under the theme “The Magic
is Back”. And will be in Nassau
from May 11-16 at the Kendal
G L Isaacs Gymnasium.

Popularity

Hosting the event is Calvin
“Casual Cal” Dupree, the
world’s first touring African
American Ringmaster, who
holds the popularity and brand
recognition as the world’s
hottest urban family entertain-
er. The Bumpin’ Big Show Cir-
cus contains a host of world
class performers from every
corner of the globe. “Along
with some foot pattin’, finger
snappin’ hip-hop, dance, R&B,
jazz, inspirational, and gospel
music with plenty of audience
participation that will leave you
stunned and amazed as per-
formers turn stunts and acro-
bats into motion,” said the
sponsor.

“As Casual Cal would say . .
. every ticket purchased at The
Bumpin’ Big Show Circus is a





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and come because the Magic is
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As previously reported,
Casual Cal’s Bumpin’ Big Show
Circus, Mr Calvin Dupree and
Soft Touch productions are in
no way affiliated with the Uni-
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PAGE 8, THURSDAY, APRIL 15, 2010





es: Say 7
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THE TRIBUNE

LOCAL NEWS

Broadway in Concert
2010 set to light up
the Regency Theatre

WITH a cast of nearly 50
singers, dancers and all-
round entertainers, Broad-
way in Concert 2010 kicks
of in Grand Bahama tomor-
row night.

Directed by the original
‘Dutch Diva’, Marjoke
Twiest, this is the third
installment in the popular
Broadway in Concert series.

Talented tap dancers Tony
Lowe, Julia Geiger and
Devan Chee-A-Tow bring
youthful delight to the Fred
Astaire classic ‘Singin’ in the
Rain’, and Rouen Robinson
leads a colourful chorus of
kids in his amazing techni-
colour dream coat for Sir
Andrew Lloyd Webber’s
‘Any Dream Will Do’.

Tiffany Dennison and
Trevor Russell trade musi-
cal barbs in a hilarious ren-
dition of ‘Anything You Can
Do I Can Do Better’.

Eddie Llambias will have
the audience members
laughing as he wrestles with
his pink feather boa in ‘I Am
What I Am’. And Dalia
Feldman will teach the audi-
ence how to be ‘Popular’ in a
delightfully quirky number
from the hit musical Wicked.

A team of athletic and
talented dancers will strut
their stuff in “Too Darn Hot’,
‘Hallelujah’, ‘There's No
Business Like Show Busi-
ness’, ‘Mein Herr’, and many
more. The latter number
many will recognise from the
long-running musical
Cabaret.

With choreography by
well-known Grand Bahama
dance instructors and chore-
ographers Jullion Collie,
Lois Seiler and Stephan
Cartwright, the moves

Society of Trust & Estate Practitioners (Bahamas)

fy compuraction with

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steps spot-on.

Old-time gospel morphs
into modern rap with the
choir’s version of ‘O Happy
Day’ followed by ‘Joyful
Joyful’. ‘Get down with G-
O-D’, sung by some school-
age rappers and a Janet
Jackson instrumental lick,
will have even teenagers in
the audience clapping along
in no time.

Broadway in Concert
starts tonight and runs until
Saturday at the Regency
Theatre; each night the per-
formance starts at 8pm.

There will also be a spe-
cial Sunday matinee when
the curtain goes up at 3pm.







ROUEN ROBINSON leads a colourful chorus of kids in his
amazing technicolour dream coat in ‘Any Dream Will Do’.

DAPHNE FOX and the young
dancers recall the 1960s hip-
py era in ‘Aquarius’ from the
musical Hair.

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THE TRIBUNE

THURSDAY, APRIL 15, 2010, PAGE 9

Ninth Annual Texaco

Speech competition
(lates are announced

UNDER the theme “Shift-
ing Gears with Texaco for a
Safer Bahamas”, Chevron
Bahamas is once again run-
ning its premier community
outreach programme for
young Bahamians this year.

The 9th Annual Texaco
Speech Competition has been
set for April 28 to May 1, and
will again offer valuable schol-
arship prizes for top finishers.

District sales manager of
Chevron Bahamas Ryan Bain
said that for years the com-
pany has been committed to
actively promoting road safe-
ty education, and the Texaco
Road Safety Speech Compe-
tition remains an excellent
way of doing so.

He noted that while
emphasising road safety, the
initiative also provides young
Bahamians with an opportu-
nity to display their talents
and community spirit, as well
as sharpen their communica-
tion skills, gain national expo-
sure and make valuable new
contacts,

“As Chevron’s primary
objective in sponsoring the
Texaco Safety Speech Con-
test is to contribute to the
quality development of
Bahamian youth, the top
three finishers will be award-
ed academic scholarships to
the school of their choice in
the following amounts:
$10,000 overall winner; $6,000
second place and $3,000 third
place.

“As an added encourage-
ment to higher achievement,
the first place winner will also
serve as Texaco’s Safety
Spokesperson for one year
and sit on the National Road
Safety Committee. All partic-
ipants will receive a trophy
and a certificate of participa-
tion,” he said.

Also on hand for the launch
of the programme were rep-
resentatives of the major part-

ners and sponsors of the
Speech Competition, includ-
ing Toastmasters, the Higgs
and Johnson law firm and
Scotiabank.

Toastmasters has once
again taken on the responsi-
bility of overseeing the judg-
ing and that the immediate
past district governor will
function as chief judge.

Anthony Longley, Division
I (Bahamas) Governor Toast-
masters International, said
that his association was
pleased to be a part of the 9th
Annual Texaco Speech Com-
petition.

Launch

He said that the Toastmas-
ters were initially invited in
2002 to assist in the launch of
what he referred to as a
“dynamic programme” and
noted that partnering in the
initiative was a good fit for
them.

“Toastmasters is a pro-
gramme that assists in the
development of communica-
tion and leadership skills.
Through our youth leadership
programs we are able to reach
out to the youth and assist
them in becoming leaders in
our country,” Mr Longley
said.

“Our judges are all pre-
pared and we are looking for-
ward to preparing the contes-
tants for what is to come.”

Leah Davis, senior market-
ing manager of Scotiabank
(Bahamas), was equally
enthusiastic in speaking of her

ster



Ae 4











RYAN BAIN, district sales manager for Chevron Bahamas announced the 9th Annual Texaco Speech Competition during a press confer-
ence held at the company’s head office on Thompson Boulevard. Pictured (I-r) are Leah Davis, senior marketing manager for Scotiabank
(Bahamas); Anthony Longley, Division | (Bahamas) Governor, Toastmasters International; Tara Archer, partner in Higgs and Johnson, and

Mr Bain.

bank’s contribution.
“Supporting the advance-
ment of education and litera-
cy is a priority for Scotiabank,
so we are both proud and
pleased to have been invited
to partner with Chevron
Bahamas in hosting the 9th
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Speech Competition. As the
premier speech competition
in the Bahamas, it brings
together the country’s top
young speakers within New
Providence and the Family
Islands competing for the
covenant title of Texaco
National Youth Safety
Spokesperson,” she said.
Tara Archer, a partner in
Higgs and Johnson, said her
law firm remains committed
to the Chevron Speech Com-
petition initiative because it
provides support to outstand-
ing scholars and impacts the
community positively.

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PAGE 10, THURSDAY, APRIL 15, 2010 THE TRIBUNE
LOCAL NEWS

ARTHUR HANNA SAYS FAREWELL AS GOVERNOR GENERAL _











Tia







‘el ¥ | '
a t=, = gf , NEWLY APPOINTED Governor General Sir Arthur Foulkes
aT 4 F i dl = i speaks yesterday.

rthur Hanna performs his final duties yesterday at Goverment House.

Felipé Major/Tribune staf

ae

a\



a







THE CANNONS are fired in a 21-gun salute











ABOVE: Outgoing Governor General Arthur Hanna inspects
the Guard of Honour yesterday at Government House for the
swearing-in ceremony of Sir Arthur Foulkes as the eighth
Governor General.

LEFT: Prime Minister Hubert Ingraham and Deputy Prime
Minister Brent Symonette, along with other Cabinet mem-
bers and their wives, enjoy a light moment during the 21-
gun salute for the swearing in ceremony of Sir Arthur
Foulkes as the eighth Governor General yesterday at Govern-
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THE TRIBUNE
LOCAL NEWS

THURSDAY, APRIL 15, 2010, PAGE 11








Parli





By ALISON LOWE
Tribune Staff Reporter
alowe @tribunemedia.net

POMP and pageantry
prevailed yesterday as Par-
liament Square was trans-
formed for a short cere-
mony which marked the
official opening of the new
session of parliament fol-
lowing a three-week pro-
rogation, or suspension, of
the country’s legislative
body.

Attending the ceremony,
which necessitated the clo-
sure of Bay Street during
the proceedings, were hun-
dreds of guests who came
to hear newly appointed
Governor General Sir
Arthur Foulkes outline the
FNM government’s plans
for the remainder of its
term in office.

Sir Arthur provided the
traditional insight into the
government’s plans accord-
ing to the usual ceremonial
procedures, reading the
Speech from the Throne
seated against a regal red
backdrop in front of the
statue of Queen Elizabeth
IJ in the square itself.

Hundreds of public offi-
cials, their families and oth-
er invited guests listened
as he read the 15-minute
speech.

Many of men attending
the ceremony men were
wearing coattails and the
ladies were decked out in
gloves, hats and elaborate
pearl necklaces.

The Speech from the
Throne read by Sir Arthur
outlined the government’s
intention to introduce leg-
islation to address a vari-
ety of matters, ranging
from crime, to the courts,



















Photo/Patrick Hanna



â„¢ 1 f = | al

CABINET MINISTERS, Senators, Senior Government officials, members of no Merecay PURO invited Coes Proce the Opening of Parliament.

CP]

—_



=

new session of

amen

TIM CLARKE/TRIBUNE STAFF

to land ownership, freedom
of information, financial
services, health, education
and training, the public ser-
vice and the environment.

Sir Arthur said the leg-
islative agenda is an “ambi-
tious” one of “modernisa-
tion and reform”.

“My government is firm-
ly committed to the thor-
ough modernisation of gov-
ernment and the delivery
of improved public ser-
vices.

“The spirit and urgency
of reform drives and
informs my government’s
responses to the fervent
dreams and pressing needs
of the Bahamian people.

“My government’s vision
is built on the ideals of
opportunity and responsi-
bility, fairness and equality,
accountability and trans-
parency,” said Sir Arthur.

Just before Sir Arthur
read the notably brief
speech, the lower chamber
of parliament, the House
of Assembly, welcomed
into the fold newly-elect-
ed MP for Elizabeth, Leo
Ryan Pinder, and the
upper chamber, the Sen-
ate, saw the swearing-in of
Senator Michael Pintard.

Following the reading of
the Speech from the
Throne, which won some
encouraging cheers from
the audience at several
points, the national anthem
was played by the Royal
Bahamas Defence Force
band and Sir Arthur, fol-
lowed by MPs and Sena-
tors, walked through Raw-
son Square and onto Bay
Street, where members of
the public and tourists had
gathered to watch and
cheer.









NEWLY APPOINTED Governor General Sir Arthur Foulkes receives the Speech from the Throne from Prime Minister Hubert Ingraham.



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PAGE 12, THURSDAY, APRIL 15, 2010

Wyndham to

honour National
Children’s Choir

By ERIC ROSE

THE Bahamas National
Children’s Choir will
receive a special honour
from the Wyndham Nassau
Resort and Crystal Palace
Casino when it headlines
the 2010 Gospel Concert
Series opening perfor-
mance at the Rainforest
Theatre at 7.30 pm on Sun-
day.

“We are very thrilled to
be able to launch this
Gospel Concert Series and
be able to celebrate at the
same time and recognise
the Bahamas National Chil-
dren’s Choir,” said Wynd-
ham Nassau Resort assis-







tant general manager Mark
Hawken said at a press con-
ference.

“The Bahamas National
Children’s Choir is very
happy to be a part of this
concert series and actually
to get it launched,” said
choir director and co-
founder Patricia Bazard.

Happy

“We are all very happy
and honoured you have
chosen our choir to be a
part of this inaugural con-
cert Sunday afternoon.”

Director of Culture in the
Ministry of Youth, Sports

*Loving Angels Pre-

“Soning Feat’

It will be fun for the whole family.

There will be lots of games,
balloons, face painting, clowns
and a bouncing castle.

Drinks and Pastries will be on sale!
DON’T MISS IT.

and Culture Dr Linda Mox-
ey Brown congratulated the
Wyndham Nassau Resort
on behalf of her ministry
for taking the initiative in
honouring the national chil-
dren’s choir in this manner.

Also performing that
evening is the award-win-
ning Bahamian gospel
group Shaback.

Mr Hawken explained
that many Bahamians
already come into the hotel
for Sunday brunch at the
Seaside Buffet and that the
resort wants to expand on
that by bringing the com-
munity into the resort
through the Gospel Series.

“Tt is an idea that we are







G.G.Y.A., the Governor General’s Youth Award, the Duke of
Edinburgh’s Award, whatever you know it as, was what opened up
an incredible opportunity for me - the opportunity for me to go to
the United World College of Southern Africa in Swaziland. Those
two years in that country I will never forget. I know it must have
been because I did GGYA that I was accepted into the United World
College Programme by the Bahamian National Committee. I say this
because GGYA is such a strong programme itself. A programme
that is known to challenge you, known to bring out the best and
worst in young people. People don’t admire GGYA for nothing, it’s
not just camping and hiking, that part may be considered easy. I think
the hard part is when you have to work with other people in order
to be successful. When you have to unify your group, leave behind
your selfishness, be willing to compromise. Things like these are what
will really improve a person and what will stay with them for life.

I don’t know if the other United World College applicants were part
of GGYA but I know that my grades weren’t as good as other people’s.
I wasn’t a school prefect, I wasn’t part of a lot of other school clubs
so all I can think of is that GGYA made up for all of these things.

Catherine Henderson





THE TRIBUNE





Ihe:
ea ‘

THE WYNDHAM NASSAU RESORT and Crystal Palace Casino announced that the inaugural perfor-

ce




Derek Smith/BIS




mance for the 2010 Wyndham Gospel Concert Series will be headlined by the award-winning Bahamas
National Children’s Choir at the Rainforest Theatre this Sunday. Pictured from left: Director of Culture
Dr Linda Moxey Brown; Wyndham Nassau Resort Activities and Entertainment manager Wilfred
Mullings; Wyndham Nassau Resort assistant general manager Mark Hawken; Bahamas National Chil-
dren’s Choir director and co-founder Patricia Bazard and assistant director Alfred Dean.

able to launch. (When) we
first discussed having this
we naturally wanted to
look to the community to
see who would be interest-
ed in participating and nat-
urally the Children’s Choir
was at the top of our list,”
he said.

Mrs Bazard said the choir
recently returned from
Prague, where it attained
the Bronze Level Award at
the young 2010 Prague
competition.

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She added that although
it was not the first time the
children competed in inter-
national chorale competi-
tions, it was wonderful for
the choir to be there this
year.

Dr Moxey Brown also
congratulated the choir’s
directors for a “job-well
done” in Prague.

“For our children to be
exposed to music around
the world and competition
around the world says a
whole lot for what Mrs
Bazard and her team have
been doing over the years,”
Dr Moxey Brown said.

“We want to commend
all of the boys and girls in
the National Children’s
Choir for a job well done
and we do pray God’s
blessings on them as they
continue to strive for excel-
lence.

“I want to appeal to the
appeal to the greater audi-
ence out there to come out

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and show your support and
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enhance the gifts and tal-
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them with,” Dr Moxey
Brown added.

Initiative

“And I want to say again
‘hats off’ to the manage-
ment and team here at
Wyndham Resort to taking
this initiative to honour our
young people in this way.

“Our ability to offer a
large stage and a large
venue for the community
to come and be able to
share with the National
Children’s Choir and see
their incredible perfor-
mances that have been
recognised around the
world, I think, is a great
opportunity for all to come
in and participate.”

















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PAGE 14, THURSDAY, APRIL 15, 2010

LOCAL NEWS

THE TRIBUNE

0 =
Sir Arthur Foulkes sworn
in as Governor General

FROM page one

resigned from the post.

During the ceremony, Prime
Minister Hubert Ingraham
praised Sir Arthur for his fight
for political and social change in
our country.

"For more than five decades
you have been a commanding
presence and your contribution
has been of great magnitude.
You rose out of Mathew Town,
Inagua, and cut your political
teeth in the struggle for major-
ity rule.

"A professional journalist by
trade it was perhaps only nat-
ural that you became the
founding editor of Bahamian
Times, a publication which
played a pivotal role in the
campaign for majority rule and
economic and social justice,"
said Mr Ingraham.

Sir Arthur thanked the prime
minister for "the confidence he
has reposed in me, for his
friendship and goodwill and for
his kind words this morning."

He also thanked his wife,
Joan, his children and his fam-
ily for "their love and gen-
erosity over the years" and the
sacrifices they made while sup-
porting him through public
life.

He also thanked the Bahami-
an people for giving him the
opportunity to serve in public
office for several decades.

He noted the integrity of
those who held the post before
him, including his immediate
predecessor Arthur Hanna, and
promised to do his best to “live
up to what they and the
Bahamian people would expect

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SIR ARTHUR FOULKES is sworn in yesterday.

from one holding this high
office.”

Born in Mathew Town,
Inagua on May 11, 1928, Sir
Arthur was educated at public
schools in Mathew Town and
in Nassau and first worked at
The Nassau Guardian as a lino-
type operator and proof-reader.
He joined The Tribune as a
linotype operator in 1948 and
took up journalism under the
tutelage of Editor and Publish-
er Sir Etienne Dupuch who
made him a reporter and later
appointed him news editor of
The Tribune.

He was the founding editor
of the Bahamian Times, the
official organ of the Progres-
sive Liberal Party from 1962 to
1967 and later penned columns
for both The Guardian and The
Tribune.

Sir Arthur was one of the
founders of the National Com-
mittee for Positive Action, a
think tank and activist group
within the PLP which support-
ed the leadership of Sir Lyn-
den Pindling and contributed
significantly to the achievement
of Majority Rule.

He drafted the PLP's peti-
tion to the United Nations
Committee of Twenty-four (on
decolonization) and was a
member of the delegation that
presented the petition in 1965.
Sir Arthur wrote many political
documents over the years and





contributed to the manifestos
of both major political parties.
He drafted the first platform of
the Free National Movement
in 1971.

Sir Arthur was one of the
Dissident Eight who rejected
the leadership of Sir Lynden in
1970 becoming a founding
member of the Free National
Movement in 1971.

He was appointed to the Sen-
ate in 1972 and 1977 and was
re-elected to the House of
Assembly in 1982.

In 1992 Sir Arthur entered
the diplomatic service of The
Bahamas as High Commission-
er to the United Kingdom (res-
ident in London) and Ambas-
sador to France, Germany,
Italy, Belgium and the Euro-
pean Union.

In 1999 he was appointed the
first Bahamas Ambassador to
the People's Republic of China
and Ambassador to the Repub-
lic of Cuba. He was made a
Knight Commander of the
Order of St Michael and St
George by Queen Elizabeth in
the 2001 New Year's honours
list.

After the FNM returned to
power in May 2007, Sir Arthur
was appointed as director gen-
eral of Bahamas Information
Services, the government's
news agency, and also as
Deputy to the Governor Gen-
eral.

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PAGE 16

THE TRIBUNE
THURSDAY, APRIL 15,



2010




INSIDE ¢ International sports news





owles and Soares set for second
round in Monte Carlo Rolex Masters

By RENADO DORSETT
Tribune Sports Reporter
rdorsett@tribunemedia.net

INACTIVE in round one
after receiving a first round
bye in the Monte Carlo Rolex
Masters, Mark Knowles and
new partner Bruno Soares will
now face home court
favourites in an eagerly antic-
ipated round two matchup.

Knowles and Soares will
square off against French wild
cards Richard Gasquet and
Jo-Wilfried Tsonga in round
two this afternoon.

Gasquet and Tsonga edged
past Spaniards Marcel Gra-

hk
Autise Mortimer






Master

nollers and Tommy Robredo
2-6, 6-4, 10-7 in a three set
thriller.

Gasquet has reached the
final of the event in 2007
alongside countrymen Julien
Benneteau, however finished
runner-up to Bob and Mike
Bryan.

Knowles has experienced
recent success in the event,
when he reached the final in
2008 with Mahesh Bhupathi.

The duo fell to Spaniards
Rafael Nadal and Tommy
Robredo.

Gasquet and Tsonga are
making their team’s fourth
appearance in an ATP World

Mortimer continues to excel in

By RENADO DORSETT
Tribune Sports Reporter
rdorsett@tribunemedia.net

ALTHOUGH the Newber-
ry College Women’s Tennis
team is still struggling, Autise
Mortimer continues to string
together a series of impressive
individual performances.

2 ah

Geile




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Tour main draw event while
Knowles and Soares team for
the first time this year.
Knowles’ original partner
on the year, American Mardy
Fish, incurred a hip injury and
will be forced out of action
until the Australian Open.
The duo has experienced a
number of setbacks during the
season due to injury.
Knowles missed the entire
Australian hard-court season
and reaggravated a calf injury
in his return to the court in
Memphis.
Knowles was forced to
search for a partner at the
11th hour and was able to

Mortimer recorded her
fourth consecutive win in her
team’s latest outing, but the
Indians fell to Augusta State
University, 8-1.

Mortimer’s win over Victo-
ria Lindqvist proved to be
Newberry’s lone win of the
lopsided match.

She also appeared in dou-
bles alongside Ammada Sim-
mons, but fell to the duo of
Bianca Machado and Marina
Ferreria, 8-0.

Mortimer has enjoyed a
productive month of April
with an individual record of
4-1 thus far.

She began April Ist, in the



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team with Soares, a former
semifinalist at the doubles
draw at the French Open.

When they were able to
take the court, Knowles and
Fish were ranked eighth on
the tour’s doubles rankings.

They have reached a record
of 3-3, with their best finish, a
semifinal lost in Memphis on
March 15th.

In other first round
matchups yesterday, Eric
Butorac and Michael
Kohlmann defeated Guiller-
mo Garcia-Lopez and Stanis-
las Wawrinka 6-3, 6-0.

In their first clay-court
appearance since capturing

match against Wingate Uni-
versity with a win over Kara
Stasikelis, 6-2, 6-3, Newberry’s
lone win of the match.

Mortimer again recorded
her team’s lone win in a match
against Lenoir-Rhyne, April
9th, with a win over Kelsey
Love, 6-2,6-2.

The month’s win total
reached three, in the matchup
against Tusculum, April 10th,
when Mortimer took a 7-5, 6-2
win over Katelyn Doss.

The streak ended in New-
berry’s next match when she
suffered a lopsided loss against
Erika Pinate of Mars Hill, 6-2,

the Roland Garros title, No. 3
seeds Lukas Dlouhy and
Leander Paes were upset by
Spaniards David Ferrer and
Marc Lopez 6-3, 6-2.

Dlouhy and Paes, who won
hard-court title at the Sony
Ericsson Open two weeks ago,
had reached the semi-finals
last year on their debut at the
ATP World Tour Masters
1000 tennis tournament in
Monte-Carlo.

Fourth seeds Wesley Mood-
ie and Dick Norman, the 2009
French Open runner-up,
advanced with a win over Ser-
bians Novak Djokovic and
Viktor Troicki 2-6, 6-4, 10-8.



Mark Knowles

singles competition

6-0. Mortimer has a record of
7-3 in her last 10 matches and
leads her team with a record of
9-6 overall, 4-4 in conference
play.

She has two doubles victo-
ries, once paired with Amada
Simmons (1-6) and the other
with Stephanie Matthews (1-
7).

As a senior leader on the
team, Mortimer has shoul-
dered the load as no other
member of the team’s roster
has recorded more than three
individual wins.

Newberry has an overall
record of 1-14 and remains

without a win in the confer-
ence or the region.

Their lone win came at
home against Columbia, Feb-
ruary 23, when they edged out
a 5-4 win.

In the match, Mortimer was
apart of two wins; in doubles
with Simmons when they
defeated Lilit Martirosyan and
Danielle Cupid, 8-6; and in sin-
gles when she defeated Mar-
tirosyan, 6-2, 7-5.

The Indians ended the sea-
son yesterday in a match
against Converse College,
however results were unavail-
able at press time.



Applicants must:

Same,





Tradelnvest Asset Management Ltd.
A pivate Wealth Management Company and medium-sized Family office

Has an opening for an

ASSOCIATE

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e have uncompromising personal and business ethics.
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management of complex private fiduciary arrangements. Responsibilities include regular
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Applications may be delvvered by hand and marked Private and Confidential to:

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Telephone (242) TO22000 ~ Facsimile (edz) 72-208)

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TRIBUNE SPORTS THURSDAY, APRIL 15, 2010, PAGE 17
SPORTS





Angels win
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PAGE 18, THURSDAY, APRIL 15, 2010

SPORTS

TRIBUNE SPORTS



Barcelona heat
Deportivo La
Coruna 3-0

SOCCER
MADRID
Associated Press

BARCELONA edged
closer to the Spanish title
with a 3-0 victory over
Deportivo La Coruna at the
league leader's Camp Nou
Stadium on Wednesday.

Barcelona now has 83
points, while second-place
Real Madrid is on 77 before
its match against Almeria on
Thursday. Valencia is third
on 56 with Mallorca fourth,
four points behind.

Barcelona's 19-year-old
striker Bojan Krkic opened
the scoring in the 15th
minute when he collected a
precise Xavi Hernandez pass
in the penalty area and fired
home.

The Catalan team pushed
forward with several fast-
paced attacks as the second
half began, with Lionel Mes-
si shooting just over the bar
and Pedro Rodriguez send-
ing a shot just wide minutes
later.

Barcelona's second goal
arrived in the 68th minute
when goalkeeper Victor
Valdes made a clearance
which Rodriguez controlled
in midfield before firing a
long-range shot over
Deportivo's defence and
past stranded goalkeeper
Daniel Aranzubia.

Midfielder Yaya Toure
completed the scoring when
he chested the ball down and
spun to smash a right-footed
shot with such force that
Aranzubia could only deflect
it into the top of the net in
the 72nd minute.

In Wednesday's other
games, Walter Pandiani
scored twice to give Osasuna
a 2-2 draw with Malaga
while Xerez won 2-1 against
Atletico Madrid, Racing
Santander beat 10-man
Espanyol 3-1 and Zaragoza
drew 1-1 with Mallorca.

Pandiani opened the scor-
ing for Osasuna when he
volleyed home in the 10th
minute after Javier Camunas
provided a chest-high cross.

Malaga equalized in the
31st minute when Osasuna
goalkeeper Ricardo Lopez
tried to make a clearance
but the ball hit his defender

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Jose Urtasun in the back
before falling at the feet of
Salvador Caicedo, who
scored with an open goal.

Pandiani hit Osasuna's
second in the 48th minute
after controlling the ball and
timing his shot to wrong-foot
goalkeeper Gustavo Munua.

However, Malaga mid-
fielder Nabil Baha rose to
send in a powerful header
which Lopez was able to
parry, only for Baha to
pounce on the loose ball to
make it 2-2 in the 76th
minute.

Xerez striker Mario
Bermejo gave his side the
lead when he leapt to head a
long ball over goalkeeper
David de Gea Quintana's
head in the ninth minute.

Atletico's Diego Forlan
hit a powerful right-footed
shot just below the crossbar
from outside the penalty
area to level in the 12th
minute.

But Emiliano Armenteros
scored Xerez's winner and
his second goal of the sea-
son in the 72nd minute.

Mallorca settled for a
draw despite defender
Ruben Rocha rising to head
home a cross from Borja
Valero in the 15th minute.

Zaragoza's Chile striker
Humberto Suazo beat Mal-
lorca's Israeli goalkeeper
Dudu Aouate with a skilful
lob in the 22nd minute to
equalize.

Espanyol made a good
start to its game when strik-
er Ivan Alonso scored his
fifth goal of the season in
the 32nd minute.

But Santander's
Mohamed Tchite converted
a penalty in the 36th minute
and Espanyol’s Cameroon
goalkeeper Idriss Kameni
was sent off at the start of
the second half after fouling
Pedro Munitis in the area
without making contact with
the ball.

Santander captain Munitis
was stretchered off the pitch
with a left knee injury, while
Kameni will be suspended
for this weekend's game
against Barcelona as a result.

Tchite scored from the
resulting penalty and
Manuel Arana made it three
for Santander in injury time.

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FC Barcelona's Lionel Messi from Argentina, foreground, duels for the ball against Deportivo Coruna's Alberto Lopo, left, and Adrian
Lopez during their Spanish La Liga soccer match at the Camp Nou stadium in Barcelona, Spain, Wednesday, April 14, 2010.

Wade, O'Neal, Haslem out for Heat finale

BASKETBALL
MIAMI
Associated Press



AFTER the 80th Miami Heat game of the season, Dwyane
Wade and Udonis Haslem had so many icebags strapped to
their bodies in the postgame training room that coach Erik
Spoelstra did a double-take.

So for the 82nd and final game, Spoelstra — mindful of see-
ing his captains packed in ice — gave them the night off.

Let the playoff preparations begin.

Although Wade said he wasn't being held back by any injury,
he, Haslem and Jermaine O'Neal all sat out Wednesday's
game against the New Jersey Nets. The move wasn't surprising
even though the game had plenty of meaning for the Heat, who
came into the final day not yet knowing if they're heading to
Atlanta or Boston for the first two games of the playoffs.

"We legitimately have guys that are banged up and they
can really use this rest,” Spoelstra said. "If this extra day can
help, if at all, it really was an easy decision. I think this day,
today, was critical. They're spending a lot of time, not only rest-
ing but getting treatment."

James Jones was slotted into the lineup in Wade's place.

AVAILABLE N

Joel Anthony started again for O'Neal, who has been bothered
by ankle and knee problems for the past couple weeks. Haslem
is Miami's top reserve.

Wade said it was a "mutual" decision to give him the night
off. He will finish the year as the league's fifth-leading scorer,
at 26.6 points per game.

"IT mean, it's a great season," Wade said. "One more game
left. It's going to be a good night to give a lot of guys an oppor-
tunity to play that's worked very hard. Now we can prepare for
the playoffs, something that we're all excited about."

The Heat will finish the season as either the No. 5 or No. 6
seed in the Eastern Conference. A win over the Nets on
Wednesday would lock up No. 5, sending Miami into a first-
round series against Boston.

Should Miami fall to No. 6, it would face Atlanta in the first
round for the second straight season. The Hawks won in seven
games a year ago.

"Guys are banged up,” O'Neal said. "I mean, guys have
been playing over the last month with multiple injuries and stuff
like that, so I think it’s important to get ready. The people
that are questioning the rest, how would they feel if some-
body went out there tonight and got hurt and couldn't play in
the first round? I think we have a team that has enough rhythm

to play. "

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THE TRIBUNE

THURSDAY, APRIL 15, 2010, PAGE 19

LOCAL NEWS

Cabinet to review report on Freeport
Container Port actions in tornatlo

FROM page one

presenting the report to
Cabinet and afterwards we
will have a public (discus-
sion)," he told The Tribune
yesterday.

However, he declined to
comment on the particulars
of the report and would not
say when it would go to Cab-
inet or be publicly released.

The Tribune was told that
the Department of Labour's
own investigation into health
and safety regulations at the
FCP is still continuing.

Tyrone Gibson, deputy
director of the Department
of Labour who oversees the
Grand Bahama office, said
the agency had dispatched
two labour officers to inter-
view staff and officials at the
site.

Their report is still in the
process of being finalised, he
said, and may require future
visits to the FCP.

"We haven't finished the
completion of our report, we
are trying to sort out the
information we would have
gathered and determine with
respect to future visits," he
said from his office in Grand
Bahama.

When asked what, if any,
recommendations would be
made to the FCP in the
wake of his department’s
investigation, Mr Burrows
said: "We have a copy of the
Container Port's safety
handbook and from my first
cursory glance it seemed to
cover almost everything. We
are just trying to determine
as best we can whether or
not those procedures were
in fact put in place on that
day (of the tornado).

"Any recommendations
will be firstly made to the
Container Port on how they
can improve safety, and if
necessary, to the Minister (of
Labour) as to how legisla-
tion can be enhanced to
cause greater safety mea-
sures to be put in place at
any work place."

This update comes as
Opposition chairman
Bradley Roberts demanded
that government "immedi-
ately make public the find-
ings of the Ministry of
Labour investigations and
any recommendations with-
out further delay.”





Mr Roberts claimed that
a lack of emergency
response material hindered
FCP employees from extin-
guishing a reported fire at
crane number four at the
container transshipment hub
around 3am on Tuesday.

"It was claimed that there
was no fire extinguishers
available in the immediate
area of the fire. A small
extinguisher was eventually
found and the fire was extin-
guished. The story did not
end there as I was advised
that the battery in the fire
truck was found to be dead
and the ambulance needed
to be refurbished," said Mr
Roberts in a statement.

He added that these
claims, coupled with allega-
tions that the company’s
health and safety standards
were not adhered to when
the tornado killed three
workers on March 29, again
raised "the serious question
of safety in the work place at
the FCP".

However, Sherry Brookes,
FCP's corporate affairs man-
ager, yesterday refuted the
claims about a fire, saying,
"I have no clue where that
information came from. We
have not had a fire at the
Freeport Container Port.”

She would not comment
when asked if there were any
improved safety regulations
in place at the facility since
the fatal tornado swept
through the FCP, killing
Michael Young, 43, Cleve-
land Lowe, 49, and Shawn
Saunders, 23, who were
working on gantry crane
number 10.

Four other employees
were injured during the tor-
nado.

¢ SEE PAGE THREE





Man dies after being shot
FROM page one

At around noon yesterday, Police Fire Services officers
responded to a fire on Stew Fish Drive off Carmichael Road.

They arrived at the scene to find a building engulfed in flames.

No one was hurt, but the building was severely damaged and
a vehicle was completely destroyed before the officers could get
the blaze under control.

Police are investigating these incidents.

Share your news

The Tribune wants to hear
from people who are
making news in their
neighbourhoods. Perhaps

you are raising funds for a
good cause, campaigning
for improvements in the
area or have won an
award.

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







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WAP UES
TAIT

in $258k tax
ENR:

* US citizen pleads guilty
to using Bahamian
nominee corporations to
conceal income via Swiss
banking giant

* Aided by former UBS
Bahamas employce who
may still be working in
this nation

By NEIL HARTNELL

Tribune Business Editor

A US citizen has pled
guilty to using Bahamian
nominee corporations and
bank accounts at UBS
(Bahamas) to evade paying
$257,597 in federal taxes,
via a scheme allegedly
assisted by a former
employee at the Bahamian
institution who may still be
working in this nation.

The US Attorney for
Florida’s southern district
yesterday announced that
Paul Zabczuk, a Texas-
based consultant for oil-
related chemical deals, had
pled guilty to filing a false
tax return by failing to
declare, in 2004, his owner-
ship interest in accounts
held at Switzerland’s
largest bank. The value of
the assets held in offshore
UBS accounts peaked at
$529,194,

The statement of facts
attached to Zabczuk plea
agreement, a copy of which
has been seen by Tribune
Business, said: “From 1999

THE TRIBUNE

dD U





©
|

THURSDAY,

APRIL

ei



2010

SECTION B « business@tribunemedia.net

$80m investor pledges $40m write-off
end to hotel ‘shambles’ at Bahamasair

* Hedge fund promises to ‘end impasse’ at South Ocean for
the benefit of Bahamian people
* Former managing partner ordered to repay $3m

* But blasts arbitration decision as ‘unfair and unfounded’

By NEIL HARTNELL
Tribune Business Editor

The $867 million South
Ocean redevelopment’s new
managing partner yesterday
pledged to “end the impasse
in this project” for the ben-
efit of the Bahamian peo-
ple, after an International
Arbitration Tribunal ruling
blasted its predecessor for
leaving the development in a
“shambles”, ordering it to
repay almost $3 million.

In a hard-hitting ruling,
the three-man review panel
ordered RHS Ventures and
its principal, Roger Stein, to
repay more than $2.9 mil-
lion to the New South
Ocean project and its new
managing partner, Con-
necticut-based hedge fund
Plainfield Asset Manage-
ment, and its Seaside
Heights investment vehicle.

The Tribunal ordered Mr
Stein and RHS Ventures to

reimburse the project with
some $1.262 million, which
had allegedly been used to
fund his personal expenses,
including “$761,000 for villa
and yacht rentals and
expenses”, and $251,000 for
private plane travel”.

And RHS Ventures and
Mr Stein were ordered to
pay a further $558,186 for
“overpayments of develop-
ment fees and acquisition
fees”, with another $1.1 mil-
lion required to cover asum
“improperly credited” to
RHS Ventures’ equity
account. The Tribunal ruled
that Mr Stein and RHS
should “earn” their equity.

Mr Stein did not respond
to Tribune Business’s e-
mailed list of questions, hav-
ing earlier sent a message
saying he was too busy to
take a phone call, but ina
one-line statement issued
earlier, he and RHS Ven-
tures said: “We believe this

Banks ‘may have
seen the worst’
over bad loans







ruling is unfair and unfound-
ed, and we will explore
every possible option to
inject the truth into this mat-
ter.”

Steven Segaloff, Plain-
field’s deputy general coun-
sel, and managing director
for Seaside Heights and Sea-
side Heights GP, the latter
of which holds its invest-
ment in the South Ocean
project, told Tribune Busi-
ness in a statement that the
hedge fund had some $80
million invested in the
southwestern New Provi-
dence development to date.

He said: “The decision is
an overwhelming victory for
Plainfield and Seaside
Heights, and the decision
speaks for itself.

“After careful consider-
ation, the Arbitration Panel
(which included two former

SEE page 3B







Money Safe,
Money Fast, 3

ATOR ter Mace ts

PNY EA wa mas

{* Hank af The Ralamas

Shite at
EHRs PAU ERE es te





Government cleans up flag carrier's
balance sheet by netting off sums owed to it,
including almost $15m in unpaid ticket tax

By NEIL HARTNELL
Tribune Business Editor



The Government has moved to clean up Bahama-
sair’s balance sheet by effectively writing-off more
than $40 million that the flag carrier owed to it and
other public sector agencies, including almost $15
million in ticket taxes.

The financial statements for Bahamasair’s last fis-
cal year to June 30, 2009, which were tabled in the
House of Assembly yesterday, showed that the Gov-
ernment netted off sums owed by/to the national
flag carrier, including this $40.521 million as part of
the $66.483 million subsidy it contributed to keep the
company flying.

Of this $40.521 million, some $25.734 million was
allocated to settle “net amounts due to Bahamas
government agencies and departments” by Bahama-
sair, with a further $14.787 million used to settle
“ticket taxes payable to the Government of the
Bahamas”.

As for the remainder of the Government’s subsidy,
representing actual taxpayer dollars, some $16.511
million was required to enable Bahamasair to meet
payments and obligations to its suppliers.

Another $7.219 million was employed to pay down
Bahamasair’s outstanding loans, both principal and

SEE page 8B







Act ‘precisely’ what

small business needs

Contractors ‘elated’ legislation to regulate
industry included in Speech from the Throne



through 2009, the defen- * Hope $24m February By NEIL HARTNELL

dant owned and controlled | decline in bad credit is Tribune Business Editor

four offshore bank start of ‘positive trend’

accounts located in the * Yet Central Bank warns The Government’s proposed Small and Medium Size

Bahamas and Switzerland. | ‘consumers already in Business Development Act is “precisely what we are look-

Three of the bank accounts | arrears still experiencing ing for” from the public sector to stimulate the growth of

were opened in the name difficulty in making Bahamian-owned companies, the Chamber of Commerce’s

of nominee entities, includ- | payments’ president told Tribune Business yesterday.

ing Bahamian and Pana- * Almost one in every 10 Responding to the announcement of the proposed legis-

manian corporations.” loans non-performing, with lation in the Speech from the Throne, Khaalis Rolle said the
The details on Zabcezuk re category increasing in Tyrac is tom ath Government’s planned legislation would dovetail nicely

were obtained by the Inter ebruary repre rao anor as SEE page SB

nal Revenue Service (IRS)

and US Department of By NEIL HARTNELL PAUL MCWEENEY
Justice via the settlement Tribune Business Editor
they reached with UBS,

where Switzerland’s largest
banking institution agreed
to provide documents on
some suspected 19,000 US
clients who held offshore
accounts with it.

This is the first time that
UBS (Bahamas) has been
named as an institution used
by the bank’s US clients to
evade home country taxes,
although there is nothing to
suggest it did anything

Leading Bahamian
bankers yesterday expressed
hope that the industry “may
have seen the worst” of loan
portfolio deterioration after
credit in arrears contracted
by 2.2 per cent or $24.2 mil-
lion in February, although
it was “too early” to deter-
mine if this was an emerging
trend.

Data released by the Cen-
tral Bank of the Bahamas
showed that the total value

Oe of loans in arrears fell to
epssode, though, and reper” | ¢1 989 billion, or 17.8 per
SEE page 7B SEE page 9B

Planning

for a better

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his 4th floor 3 bd, 3.5 bth condo unit is an absolute gem and is one
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All works of this modern style are by famous French designer Christian
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“oa Carey Realty at $3,495,000. Head Office: (242) 397-3000

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New Providence * Grand Bahama * Andros * Inagua
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Tel: 242-677-TALK (8255) I Fax: 242-677-8256 I Cell: 242-357-7013
mario@mariocareyrealty.com | www.mariocareyrealty.com





PAGE 2B, THURSDAY, APRIL 15, 2010

THE TRIBUNE



The point that gives you power

icrosoft Pow-

erPoint is

one of the

simplest
computer programs to learn,
and is the leading program used
worldwide for presentations.
Anyone can create stunning
professional presentations, but
most of us don’t use it often
enough to learn its many time-
saving tricks.

PowerPoint presentations
can be made into photo albums,
complete with music or narra-
tions, to distribute on CDs or
DVDs.

If you are in the sales field,
just a few simple clicks are
required to add an illustrative
data chart or an organisational
chart of your company’s struc-
ture. It can serve a purpose to
make your presentation into a
web page promotion on a com-
pany's website.

It is easy to customise com-
pany presentations and dazzle
audiences by using one of the
many templates. In addition to
an on-screen slide show, Pow-
erPoint has printing options
that allow the presenter to pro-
vide handouts and outlines for











British Colonial Hilton Hotel

1 THE ART OF




the audience, as well as notes
for the speaker to refer to dur-
ing the presentation.

All in all, PowerPoint is a
‘one-stop-shop’ to create suc-
cessful presentations for the
business world, the classroom
or your own personal use. Here
are some tips for delivering
PowerPoint presentations.

Consistent template:

I have routinely observed
presentations with a random
assortment of fonts, sizes, and
styles on each slide, which can
become very distracting. Pow-

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for the entire month of April
Selected Balls $20.00

SIGH UP FOR CLASSES HOW
CLASSES START MAY i

P.O.Box EE-15827
Nassau, Bahamas
Tal: 242-323-1865

Email: gems-pearls@hatmail.com

Free parking at The Hilton
























Ministry of Education



erPoint makes it easy to apply a
consistent style you can take
advantage of as often as you
wish. Keep it simple and ensure
the text is readable against the
background, and that it isn’t a
busy design competing with the
text.

Less is more:

As a trule of thumb, don’t
pour your entire speech into
your slides, as the idea is to
enhance your overall presenta-
tion, not to replace you. If it
takes more than a few seconds
to process the text on any given
slide, it’s too much.

Test your projection:

Be sure you know how your
laptop connects to the projec-
tor, and ensure the laptop is
fully booted before connecting
the cable.

Ensure your audience
stays awake:

Imagine that you’ve just
returned to your seat from a
training seminar about a com-
pany’s latest product. Lunch
was great, and now you’re set-
tling in for this afternoon’s top-
ic of technical specifications.
The presenter begins in a tired,
flat voice, slide after slide,
which causes you to lean back
in your chair, stifle a yawn and
start to imagine yourself in your
backyard hammock. Wait!
Come back. It’s only an exam-
ple. Your presentations should
always influence others to take
some kind of action, but not
that one! The action might be
to listen carefully and learn new
information. Feel your audi-
ence, know your craft.

Make your
diagrams move:
PowerPoint XP, 2003 and
2007 all have diagramming
capability. You can go a step
beyond your run-of-the-mill

SCHOLARSHIP & EDUCATIONAL LOAN DIVISION
IMPORTANT NOTICE

2010 SCHOLARSHIPS

SCHOLARSHIP TYPE

ALL BAHAMAS MERIT SCHOLARSHIP

NATIONAL MERIT SCHOLARSHIP

NATIONAL ACADEMIC SCHOLARSHIP
NATIONAL TECHNICAL SCHOLARSHIP

NATIONAL GRANT

GERACE RESEARCH CENTRE SCHOLARSHIP
FINANCIAL COMMUNITY ADVANCED TECHNICAL

TRUST SCHOLARSHIP
NATIONAL AWARD / BURSARY
TEACHER EDUCATION GRANT

DEADLINE
APRIL 30, 2010

APRIL 30, 2010
APRIL 30, 2010
APRIL 30, 2010
APRIL 30, 2010

APRIL 30, 2010
MAY 31, 2010

MAY 31, 2010
MAY 31, 2010

Application forms must be properly completed, WITH ALL

REQUIRED INFORMATION ATTACHED and returned
ON OR BEFORE the deadline to the

SCHOLARSHIP & EDUCATIONAL LOAN DIVISION
Shirley Street, Nassau, Bahamas

APPLICATION FORMS RECEIVED AFTER THE DEADLINE
WILL NOT BE CONSIDERED

PLEASE VISIT OR CONTACT THE SCHOLARSHIP & EDUCATIONAL LOAN DIVISION,
MINISTRY QF EDUCATION, SHIRLEY STREET FOR APPLICATION FORMS AND/OR
ADDITIONAL INFORMATION.

APPLICATION FORMS

CAN ALSO BE OBTAINED FROM QUR WEBSITE AT

diagram by adding animation
effects to it. A little movement
goes a long way, but be careful
not to overdo it.

Custom bullets:

We can get bored with bullet
points, but I have to admit that
they serve their purpose. Ideal-
ly, bullet points provide infor-
mation in a succinct, easy-to-
understand format. But did you
know you can add your own
bullet artwork by importing this
into your presentation.

Timing:

Getting the timing of your
presentation right is really more
of an art than a science. If you
set up the presentation to
advance automatically, you run
the risk of going too fast or too
slow. To keep everyone tuned
in, vary the timing in your pre-
sentations so the shorter slides
have less time and the more
text-heavy slides have more
time. Be daring, explore your
savvy and don’t be afraid to
show your best side.

It is advantageous to use one
to two slides per minute of your
presentation and write in point
form, not complete sentences.
Use key words and phrases
only. Include four to five points
per slide, and avoid wordiness.

Play show and tell:

In today’s YouTube era, you
can use video to your advan-
tage in your PowerPoint pre-
sentation. For example, the cell
phone video you captured of
your manager balancing his cof-
fee cup on his head when he
thought no one was looking
(or...maybe not).

A little music, please:

One caveat: sound effects can
be really annoying if they are
overused (especially the dinging
sound of the cash register), so
go easy on the bells and whis-
tles (literally). For your mes-
sage to be most effectively
received, the audience must
hear it, so import some sound
to mark the start of the new
section of your presentation.

To add sound, choose insert
and select sound. You can then
specify whether you want to
add sound from a file or from
the clip organiser. You can also

opt to play music from a CD
(remember to take the CD
when you present!) Or record a
new sound.

Mix it up visually:

Once you have a lock on
your content, you need to think
about the way all the design
elements will work together.
Throw in some stunning, high-
quality photos. We all respond
to images of happy, smiling
people and beautiful land-
scapes.

Printing:

PowerPoint can print hand-
outs or even individual slides
by using Word, which offers
flexibility that is not available to
you in PowerPoint. Consider
handing them out at the end to
avoid the audience paying more
attention to your handouts as
opposed to your presentation.

Reduce file size:
PowerPoint files can be huge
if you send them via e-mail,
which takes a while to upload
and download. Always use spe-
cial software to compress the
file before sending.

Spelling and grammar:

Proof your slides for spelling
mistakes, repeated words,
grammar and errors. If English
1s not your first language, please
have someone else check your
presentation. Make sure your
ideas are crystal clear. Write
the content of your presenta-
tion in outline before you focus
on the design elements.

Fonts:

Use at least an 18-point font,
with different size fonts for
main points and secondary
points. For example: experi-
ment with the main point font
as 28-point, and the title font
as 36-point, and use a standard
font like Times New Roman or
Arial.

Don’t forget the end:

Use an effective and strong
closing. Your audience is likely
to remember your last words,
so use a conclusion slide to
summarise the main points of
your presentation and suggest
future avenues of research.
Professional presentations

include a slide that displays a
simple message, such as ‘Thank
You for Coming’, followed by a
blank slide.

I hope this article helps you
when designing your next pre-
sentation. When it comes to
presentations, it’s often all in
the feel of things, combined
with some creative ‘graphic
know hows’. You'd feel the
‘rights and the wrongs’ as you
design for your audience. For
me, there’s no right or wrong;
it’s that my presentation sends
the right message, the audience
gets it and everyone leaves hap-
py with more knowledge than
they initially had. No, that’s not
true. Designing presentations
plagues me until I feel they are
‘right’.

Be smart and give your Pow-
erPoint presentations that
heartbeat they lack. The tools
are staring at you. Just use
them! Don’t be afraid to make
mistakes and keep practicing.
Until we meet again, live life,
have fun and stay on top of
your game!

READER FEED BACK:

From: Mrs Desiree Clarke
Manager/BTC Customer
Care, JFK

Hello Deidre:

I trust all is well with you
and your family. I just finished
reading your article of the
week, The role of Animation
Graphics.

I have also read several in
the past. I want to again con-
gratulate you on doing an excel-
lent job, educating and inform-
ing the public on graphics.

I was trying to keep the arti-
cles because they are so inter-
esting and full of knowledge
and information.

The articles are very well
written and a pleasure to read.
Keep up the great job you are
doing.

A blessing on everything you
put your hands to.

All the best

Mrs. Desiree Clark/BTC

NB: The author can be con-
tacted at deedee2111@hot-
mail.com

Road Traffic Department

PUBLIC NOTICE

All Franchise Holders

In accordance with the Road Traffic Act
Chapter 220 Statue Laws of the Bahamas,

the

inspection and
Service vehicles will

licensing of All
he carried out in New

Public

Providence and the Family Island’s beginning

3rd May thru Monday,

31st

May, 2010

Owners and Operators of these vehicles must

ensure that the total

numbers of vehicles

covered by their franchise are presented lor
Inspection and Licensing.

Further, all franchise holders must produce
the following documents for Licensing and

Inspection:

1. Valid Insurance
2. Valid Business License

3. Grant Letter

4. Franchise Payment Receipt
5. Bank Certified Cheque, Master or Visa Card

(Only)



TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM



THE TRIBUNE

By CHESTER ROBARDS
Business Reporter
crobards@tribunemedia.net



FAMILY Island hotels are laud-
ing the Ministry of Tourism’s Free
Family Island Fare promotion, with
some owners telling Tribune Busi-
ness they think it could “markedly”
increase foreign and domestic
tourism.

Co-Owner of Gems at Paradise
Private Beach Resort on Long
Island, Shavonne Darville, said even
with an average 40 per cent visitor
occupancy, she is hopeful more peo-
ple will take advantage of the free
airfare.

According to Mrs Darville, her

$80m investor pledges end to hotel ‘shambles’

resort is more reasonably priced than
others in the area, so traditionally
attracted a large amount of Bahami-
ans. However, she is hopeful that
the free airfare, which requires a
minimum four-night stay at partici-
pating resorts, will also boost for-
eign travel to the islands.

“We feel pretty positive and are
hoping it would transcend into busi-
ness for the Family Islands,” said
Mrs Darville.

“The main point (of contention)
was accessibility into the Out Islands,
because it has been quite expensive
to travel to the Out Islands. It’s far
cheaper to fly from Nassau to the
US and back, and given that the
guest will enjoy free airfare [from

Nassau to the Family Islands] it
should be a big plus.”

She said her business’s perfor-
mance has been much the same
compared to last year’s numbers,
and hopes the promotion will herald
an increase in the final three quarters
of 2010.

General Manager of February
Point Resort in Exuma, Matthew
Marco, said Exuma has already
recognised the benefit of increased
airlift with the arrival of Air Canada
last month.

He added that February Point and
other resorts have received some
room nights as a result of the new
airlift, which came as a direct result
of the opening of the new Sandals

Family Island resorts eyeing ‘marked’ boost

Resort. Mr Marco said the resort
had seen a 60 per cent increase in
rentals year-over-year. “We have
seen a marked increase in rental and
property sales, even as a lot of com-
petitors have been bankrupt and
entered into receivership,” he said.
He added that February Point was
excited about the prospects the
promotion will bring to the hotel
and to Exuma. The resort is
expecting 100 per cent occupancy
for the upcoming Exuma Regatta.
General manager of the landmark
resort, Club Peace and Plenty,
Neville Leechoy, said the promotion
was worth a try. He said uncom-
monly long and severe winter weath-
er stunted travel in the first three

FROM page 1B

judges and a highly-regarded
international arbitrator) val-
idated all of the claims by
Seaside Heights against
Roger Stein and RHS Ven-
tures, including RHS Ven-
tures’ removal as general
partner for willful miscon-
duct. We had always felt
that the evidence was over-
whelming in support of the
removal of Roger Stein, and
we are pleased that the
Arbitration Panel fully
endorsed our position.”

Mr Segaloff added: “Sea-
side Heights fully recognises
the importance of the New
South Ocean project to the
people of the Bahamas. To
date, Seaside Heights has
invested more than $80 mil-
lion in this project.

“Unfortunately, as we
alleged (and as the Arbitra-
tion Panel found), the pro-
ject was grossly misman-
aged. Since a new general
partner has been installed,
we look forward to working
cooperatively with the
Bahamian government to
end the impasse in this pro-
ject, recognising the current
difficult economic environ-
ment.”

It is thought that Plain-
field/Seaside Heights will
now seek a smooth transi-
tion from RHS Ventures to
themselves as general/man-
aging partners, but then
require some time to assess
what they have and evalu-
ate the best options for tak-
ing the South Ocean project
forward.

One issue to be settled is
the relationship with the
remaining investment part-
ner, the Canadian Commer-
cial Workers Industry Pen-
sion Plan (CCWIPP), and
its I. F. Propco investment
vehicle, which have been
attempting (unsuccessfully
to date) to foreclose on the
$94 million mortgage deben-
tures they hold on the devel-
opment. Plainfield is also
not facing any claims from
investors in the US.

Plainfield/Seaside have
now filed an application
with the New York State
Supreme Court for the arbi-
tration panel’s aware to be
recognized and enforced.

In its application, Plain-
field/Seaside said that as a
result of entering into a lim-
ited partnership agreement
with Mr Stein and his com-
panies, they had agreed to
invest $43 million in equity

into the New South Ocean
project, plus a further $57
million in debt financing
during the first year.

Alleging that it had invest-
ed some $100 million in the
Bahamian resort develop-
ment, Plainfield/Seaside
alleged: “By summer 2008,
the partnership was in finan-
cial crisis. Stein had failed
to obtain necessary senior
debt financing. Without
senior debt financing, the
resort could not be built and
the land for the project
could not even be pur-
chased.

“Moreover, it became
clear to [Plainfield/Seaside]
that [RHS] did not have
proper controls over the
partnership’s finances and
accounting records......”

Plainfield/Seaside alleged
that its auditor “discovered
numerous red flags, includ-
ing improper related party
transactions, use of funds to
pay family member expens-
es, unexplained cash trans-
fers and lack of supporting
documentation for financial
transactions.

“When Seaside Heights,
concerned about how its
investors’ money was being
used, exercised in Septem-
ber 2008 their contractual

MINISTRY OF EDUCATION

IMPORTANT NOTICE

FINANCIAL COMMUNITY ADVANCED TECHNICAL
EDUCATION TRUST POR BAHAMIASS (1973)

‘DUCAT

Applications are invited from suitable candidates for considenvion for financial Awarls
offered by the above Trust at The Collepe of The Bahamas or ony aecredited Technical or
Community College or University overseas, commencing September, 2010.



right to see the books and
records controlled by Stein,
it discovered a mass of unex-
plained and untraceable
payments and costs.

“The audit revealed clear
evidence of financial impro-
prieties, and the lack of
cooperation by Stein and his
team further confirmed the
conclusion that the general
partner willfully breached
its fiduciary and contractual
duties.”

Mr Stein and RHS Ven-
tures had alleged breach of
contract, breach of fiduciary
duty and a ‘loan to own’
scheme by Plainfield/Sea-
side, seeking $59 million in
damages, but all their claims
were dismissed by the arbi-
tration panel.

FOR RENT

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Email:jagqqa@cwjamaica.com

months of the year, hurting business
his resort may have typically
enjoyed.

However, Mr Leechoy said right
now Bahamians and foreigners alike
have a “good deal” coming for them
through the promotion.

“It should be a wonderful pro-
gramme,” he said. “We need to try
everything possible to put heads in
beds.”

He added that confidence is high
that there will be a healthy sign of
recovery when the promotion comes
into full force.

“Tt will be successful if we put our
efforts and energy into it, and make
all the elements fire,” Mr Leechoy
said.

TAYLOR
INDUSTRIES LTD.

111 Shirley Street

re
WILL BE CLOSED FOR

PURSE

Thursday, April 22

Friday, April 23
Saturday, April 24
We regret any inconvenience

this will cause to our
customers.

Requests for service work will
still be accepted.



DOCTORS HOSPITAL

DISTINGUISHED LECTURE SERIES

THIS MONTH'S TOPIC: Cancer Awareness

LECTURE DATE:
Thursday, April 15th, 2010
@ 6PM
DOCTORS HOSPITAL, CONFERENCE ROOM

DOWDESWELL STREET
SEATING IS LIMITED, RSVP 302-4603

The Awards are intended to provide financial assistance for training at advanced level in
areas of technolory where there is vital need for such skills in The Bahamas, Areas of
study include the following:

fn) Automobile, Mechanical and Architectural Engineering
(b) Aviation’ Maintenance
ic) Automobile or Vlarine Maintenance (pas or diese! enpines)
td) Air-conditioning aod refrigeration
Elevator Engineering
Computer Engineering
hiarine Engineering (Coastal Management)
Food Processing and Production techniques
Manufacture of Clothing, Furniture, ete,
ii Craft Production and Boat Building
(k) Radio god Television Technology ass Communication
ih) Medical Technology
im) Crop Science
in} Livestock Science
to) Any other area of technology acceptable to the Selection Committee

Please join us as our guest every third
‘Thursday of the month for this scintillating
series Of the most relevant health issues

affecting society today.

Dr. Wesley Francis
Surgical Oncologist

LECTURE SERIES
Purpose:
‘To educate the public about
the important health issues,
presented by distinguished
physicians.

Successful candidates will be required to pursue a course of study from (1) to not more
than three (4) years leading te a Certificate or Diploma (Mota Degree),

Arthritis & Total Replacement
It is expected that candidates will seek admission to a recognived technical institution of Sc s z Dr. Valentine Grimes
their choice PeCnINES Orthopedic Surgeon
Get your Free Blood
Pressure Cholesterol, and
Glucose testing between

Spin & Gpan.

Candidates shoukl have successfully completed high school education in The
Commonwealth of The Bahamas and showld preferobly have attained BoC. E.
certificates in appropriate subjeccs or completed courses of study in a technical field, The
value of each award will depend upon the cost ancl length of course

Dermatology and Skin Disorders
Dr. Richelle Ramnarine Knowles
Dermatologist

The successful candidates will be expectad te return to The Bahamas on the satisfactory
completion of the course to give the country the benefit of their raining.

RSVP:
To ensure available sealing

Phone: 302-4603

Race)

Men's Health
Dr. Robin Roberts
Urologist

Application forms may be obtained irom the Scholarship and Education Loan Davison,
Ministry of Education, Shirley Street. Completed application forms should be retumed in
an envelope marked “Financial Community Achvanced Education Scholarship’,
Scholarship & Education Loan Division, Ministry of Education, P.O, Prox NS-3913,
Nacau, Bahamas or delivered tn the Scholarship & Educational Loan Division, Shirkew
Street, boar ne Later tham the deadline chaste,

APPLICATION DEADLINE : Monday May 31**, 2010

INCOMPLETE OR LATE APPLICATION FORMS WILL
NOT BE CONSIDERED

TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM

"| DOCTORS HOSPITAL

Healsis For Lrfe





PAGE 4B, THURSDAY, APRIL 15, 2010

THE TRIBUNE



Business broker
gains approvals

The Government has
approved the creation of a
broker geared towards find-
ing a buyer for business
owners seeking an exit
route.

A former UK investment
company chief executive,
Simon Cooper, has estab-
lished Res Socius - a bou-
tique business brokerage
practice - to help entrepre-
neurs sell or acquire busi-
nesses after receiving all
necessary approvals from
the Bahamas Investment
Authority (BIA).

He said: “I saw an oppor-
tunity to help privately-
owned businesses find a new
life when their owners are
ready to move on, whatever
their motivation.

“However, before we
could obtain a license to
practice as business brokers
and consultants, we required
approval from the Bahamas
Investment Authority.

Although the screening
process is very thorough, our
credentials easily satisfied
their requirements.”

Mr Cooper said Res

Socius values a business
using a number of financial
models, establishes the
MPSP value (most probable
selling price) and screens
potential buyers who can
request an anonymous infor-
mation memorandum about
the business.

“Just as most people use
realtors to sell their home
because they have experi-
ence in valuing and market-
ing it, so a business broker
does the same for business
owners,” he added. “How-
ever, we only disclose spe-
cific information about the
business to a prospective
buyer once we have a good

faith deposit from them and
approval from the seller to
do so.”

Business brokers charge a
percentage of the closing
price that is subject to a min-
imum fee, although Mr
Cooper said Res Socius
offers an alternative struc-
ture for micro businesses,
allowing the minimum fee
to be reduced or eliminat-
ed.

Entrepreneurs interested
in acquiring businesses can
also register their interest
with Res Socius, so they can
be alerted when qualifying
Opportunities become avail-
able.

Bs YOU ARE INVITED!

The Bahamas Human Resources
Development Association

Cordially invites you to join us at our Monthly
Meeting:

“An Analytical Approach to Understanding the
National Insurance Benefits”

The Unemployment Benefit becomes effective June
2010 = What will that mean for you as an HR
Professional? Come and find out!

Date: Thursday, 22nd April, 2010
Place: J. Whitney Pinder Building, Collins Ave
Time: 5:30 p.m,

Cost: $20.00 for members & $25.00 for non-members
RSVP by April 19th, 2010

To attend please RSVP to Leotha Nixon at
Pou UE ML boone Eb oa rea
Or email us at bhrda.bs@ gmail.com
TUR a cr Mec





Nassau Retailer seeks

Ren mElitle (ys

We are a successful retail chain currently looking for a
candidate with proven retail management experience
to join our team. Responsibilities will include the
management of daily store operations, management
of all staff and various store-related administration as
well as opportunities to contribute towards marketing
and staff development programs.



The candidate should demonstrate the following:
* Self-motivation and selfteadership

* strong leadership and management skills

* Motivational skills

(cullvale beam Contribution and ta (rain! develop start)

* Excellent Interpersonal Skills
(effective oral and written communication)

* Professional appearance and attitude

* Computer Literacy
(linduding Micrasal AP, MS Word, Exoel, Email)

* Willingness to work shifts and long hours

Applications are to include: Recent police record,
passport photo, two references, resume, cover letter,

Ysye ees Ce ee Te ee eer
BOUL E aMeeD
jobnassau@gmail.com

f. 322-8430
PO. Box $5-19021










INSIGHT

For the stories behind
the news, read Insight
on Mondays

Office Space Available

Ideal for Doctor or Lawyer’s Office
Good Security, Lots of Parking

SOLIDARITY

THE BAHAMAS UNION OF TEACHERS
Bethel Avenue Stapledon Gardens
Phone #: (242) 322-4491, 323-7085, 356-2687



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Oil settles near
$86 on surprise
drop in supplies

NEW YORK - Oil prices jumped more than 2 percent
Wednesday after the government unexpectedly report-
ed the first weekly decline in crude supplies in more
than two months, according to Associated Press.

The nation’s oil supply is expected to resume grow-
ing as it usually does ahead of the summer vacation
months. But for one week at least, an increase in
Americans’ gasoline usage helped put a dent in the
ample crude inventory.

The U.S. also imported less oil last week, which
helped cut supply levels. The Energy Information
Administration said crude supplies dropped by 2.2
million barrels for the week ended April 9. Analysts
expected them to increase by 1.6 million barrels,
according to a survey by Platts, the energy information
arm of McGraw-Hill Cos. It's the first weekly decline
since January.

Gasoline supplies also sank as motorists burned
more fuel.

Benchmark crude for May delivery climbed after
the report, adding $1.79 to settle at $85.84 a barrel on
the New York Mercantile Exchange. In London, Brent
crude gained $1.41 at $86.13 on the ICE futures
exchange.

Oil supplies typically grow at this time of year as
refineries slow fuel production and prepare their equip-
ment to make summer grades of gasoline that con-
tribute less to air pollution. The drop in last week's
inventories was unexpected, and it’s unlikely to con-
tinue falling, analyst Stephen Schork said. Before
Wednesday's report, crude supplies had grown for
nine straight weeks.

"T'd expect to see supplies grow for at least the next
three weeks," Schork said.

Commodities

Those nuances may be lost, however, on speculative
investors who have rushed into commodities trading
recently, said Jim Ritterbusch, president of energy
consultancy Ritterbusch and Associates. Oil prices
have been jumping on relatively minor developments
like Wednesday's EJA report, he said.

Managers of exchange-traded funds, pension funds
and other speculative investors don't really care about
how much oil sits in U.S. inventories, he said. What
matters on Wall Street is the general expectation that
oil prices will soon rise.

"They all think there's easy money to be made by
simply buying oil futures," Ritterbusch said. "But this
whole thing could be a bubble. Prices could go down."

Commodity investors have been especially busy on
the Nymex this month. They've set records for trade
volume twice this month with 1,423,536 contracts
changing hands on Tuesday and 1,121,913 contracts
traded on Friday.

Gasoline pump prices were flat overnight, dipping a
tenth of a penny to a new national average of $2.857 a
gallon, according to auto club AAA, Wright Express
and Oil Price Information Service. A gallon of regular
unleaded is 6.7 cents more expensive than a month
ago and 80.7 cents higher than a year ago.

The EIA expects retail gasoline prices to top $3 a gal-
lon this summer.

Elsewhere, the Organization of Petroleum Exporting
Countries said oil demand will rise this year, but its
April forecast was more conservative than earlier
reports. OPEC said the world should consume 85.21
million barrels of oil per day this year, down from its
previous estimate of 85.24 million barrels.

In other Nymex trading in May contracts, heating oil
rose 2.79 cents to settle at $2.2421 a gallon and gasoline
added 2.34 cents to settle at $2.3327 a gallon. Natural
gas increased by 3.9 cents to settle at $4.199 per 1,000
cubic feet.

The Lyford Cay Foundations
TECHNICAL TRAINING AND

VOCATIONAL SCHOLARSHIPS
Application ls Open

The Lyford Cay Foundations ar pleased to announce that applications are
fon being accepbed for technical traning and vec atiqnal shal ahipe far
study In the WS. Canada, the LUE, and the Caeibbesn.

Api ants Must be Baharia n citinerns ard pledge i require be Thee
fahames upon completion of ther studies.

Technical raining and wocaciomal acholarnhips are dineched prinsarily an
Pdividuals who wish bo train of upgrade vkilk in aread where [here isa
shortage of well-qualified Bahamians in the work force,

Apoiwed Teds of study are agricuinure and Sigharies: air conditioning
and refigersbiors eviomotive, marine and aviation mechanics
Computer service technology cometruction and related trades including
Hectrical carpentry, plumbing, painting and masonryelhealth care
hachneligy; heey equipment operations: hogpataliby boar isn, and
Culinary arts, end machine shop.end welding.

Ploase wisit cur website al een, yherdcayfomndabionong for additional
réormation and spplcabion forms

Forms may alone obtained tem high sche! quidamee courmelors,
The College of The Blaha rnd Fireciol Ald fice, Tee Baba ria’ Technica
end Vocational irethtube and the Lyfoed Cay Pound.stion office, Plesse
adiciress your application to: The Chainman, Screening Committee.

DEADLINE FOR TECHNICAL TRAINING AND VOCATIONAL
SCHOLARSHIP APPLICATIONS IS BAY 1, 207D.

Your Greanis, Our Mission.
mepined Prikedtirogy for a Batter Bahamas

POC) Baga: FM, Pcieticttt, Bob etic
T wy rte fF See Se ee



TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM



THE TRIBUNE

THURSDAY, APRIL 15, 2010, PAGE 7B

UBS Bahamas accounts used
in $258k tax evasion scheme

FROM page 1B

cussions for the guilty party
could act as a further deter-
rent to US citizens and insti-
tutions - even those doing
legitimate business - using
Bahamas-based institutions
and this nation’s financial
services sector.

The Zabczuk statement of
facts said UBS records
showed that the consultant
opened a bank account with
UBS (Bahamas) in June
1999, in the name of a nom-
inee Bahamian corporation,
ODI Ltd. He was recruited
to open the account by an
unnamed American busi-
nessman, who introduced
him to a UBS (Bahamas)
banker referred to as ‘Swiss
banker’.

“(Zabczuk] closed the
account opened in the name
of ODI Ltd in 2000,” the US
court document said. “With
the assistance of ‘Swiss
banker’ and others, the
defendant formed ODF Ltd,
a Bahamian nominee entity
that was incorporated on
November 22, 2000.

“Swiss banker’ assisted
[Zabczuk] in opening a new
account in the name of ODF
Ltd at UBS Bahamas, and
transferred into that account
the contents of the account
opened in the name of ODI
Ltd.

“Swiss banker’ arranged
to have a bank and trust

company in the Bahamas
serve as an intermediary
between [Zabczuk] and
UBS Bahamas. That is,
[Zabczuk] would send
instructions regarding the
account to the bank and
trust company, and it would
forward the instructions to
UBS (Bahamas).”

The other Bahamas-based
bank and trust company, nor
the ‘Swiss banker’, were
identified in the court docu-
ments.

However, the latter may
still be working in the
Bahamian financial services
industry, albeit not at UBS
(Bahamas), as the court doc-
uments refer to a meeting
between Zabczuk and ‘Swiss
banker’ in the Bahamas as
late as April 2009.

The court document said
that in 2002, Zabczuk was
told by the ‘Swiss banker’ to
move the ODF Ltd account
from UBS (Bahamas) to the
bank’s head office in
Switzerland.

Zabczuk was told that he
could either sell all the US
securities held in the
account, or file with the IRS
a form informing it that he
beneficially owned the ODF
Ltd account.

He was subsequently
advised by ‘Swiss banker’
not to file the IRS form, and
instead sold all the securi-
ties.

UBS (Bahamas) trans-

PUBLIC NOTICE

INTENT TO CHANGE NAME BY DEED POLL

The Public is hereby advised that |, EARNESTINE
ADRIANA SHANTEL GIBSON intend to change my

name to SHANTELL ADRIANA GIBSON. If there are
any objections to this change of name by Deed
Poll, you may write such objections to the Chief
Passport Officer, RO.Box N-742, Nassau, Bahamas
no later than thirty (30) days after the date of

publication of this notice.



ferred the ODF Ltd account
in June 2002, the court doc-
ument said, and “in 2005,
‘Swiss banker’, who was no
longer employed by UBS
Bahamas, advised the defen-
dant to move his accounts
from UBS [Switzerland]
because of changes at the
bank”.

Alarmed by the US inves-
tigation of UBS, and the
possibility that account
information on US citizens
would be disclosed to the
IRS, Zabczuk again con-
sulted ‘Swiss banker’, who
advised him against disclo-
sure of his ODF Ltd.

The latter conceived a
new structure for Zabczuk,
who “agreed to meet with
‘Swiss banker’ in the
Bahamas in April 2009 in
order to further discuss the
‘Swiss banker’s’ plan. In or
about April 2009, the defen-
dant met with ‘Swiss banker’
in the Bahamas.”

The court document said
the ODT Ltd and ODF Ltd
accounts were operated by
Zabczuk “for the purpose
of evading taxes on the
income that he earned
through his consulting com-
pany, PRT Ltd.

“The defendant directed
certain foreign clients of
PRT Ltd to deposit pay-
ments to PRT into the ODI
account at UBS Bahamas
and the ODF accounts at
UBS Bahamas and UBS
AB.

“The defendant also wired
money from PRT Ltd’s
domestic business bank
account to the ODI account
at UBS (Bahamas) and
ODF accounts at UBS
(Bahamas) and UBS AG.”

Zabczuk repatriated funds
to the US through several
means, including cash with-
drawals at UBS branches,
including the one in Nassau,
Bahamas, from 1999 to
2009.

® Bank of The Bahamas

IN TERNATIONAL

EMPLOYMENT OPPORTUNITY

Bank of The Bahamas International, the institution of first choice
in the provision of financial services, seeks to identify suitable
candidates for the position of:

Accountant

Core Responsibilities:
* Prepare individual and consolidated financial statements for
the company and its subsidiaries in accordance with
International Financial Reporting Standards
Provide analytical reviews of financial statements, management
reports, and other financial information to identify and
investigate significant variances of actual vs. budget and/or

prior year on a consolidated basis and on a more detailed level
for example, line of business, cost center etc.

Make recommendations on appropriate corrective action of
financial performance against planned and projected targets
to ensure sustained profitability

Document and analyze control environments for the Finance
Department

Compile budgets and prepare forecasts

Responsible for ensuring that statutory reports are filed in all
jurisdictions where the Company operates

Assist in the coordination of internal and statutory financial
audits

Position Requirements:
Certified Public Accountant
Three or more years of experience in public accounting
(financial services background is a necessity)
Strong technical skills and knowledgeable of generally accepted
accounting principles
Analytical and forward thinking
Knowledge of general ledger implementation and maimtenance
background (a plus)
Project management skills is a plus
A team player; willingness to be the pacesetter when appropriate

Benefits include: Competitive salary and benefits package,
commensurate with work expenence and qualifications. Interested
persons should apply no later than 20th April, 2010 to:

Email: hr.apply@bankbahamas.com
Or fax to: 242-323-2637





PAGE 8B, THURSDAY, APRIL 15, 2010

THE TRIBUNE



Act ‘precisely’ what
small business needs

FROM page 1B

with the Chamber’s ongo-
ing efforts in this area,
namely the fledgling Small
Business Council and Cham-
ber Institute programme.

Referring to a meeting he
had with Zhivargo Laing,
minister of state for finance,
on Monday this week, Mr
Rolle said of the proposed
Act: “It is precisely what we
are looking for.

“Thad the privilege of sit-
ting down with him [Mr
Laing], and he proposed a
structure for discussion that

was consistent with what our
needs are. It addresses all
the major areas of concern -
access to capital, technical
support, proper administra-
tion and incentives.”

The Chamber president
said it was key to “have the
right administrative struc-
ture to manage the
approach to small and medi-
um-sized business develop-
ment”, and added that the
Government was “in the
process of working out the
details” for the new legisla-
tion.

“This is the public sector
and infrastructure approach

NOTICE

INTERNATIONAL BUSINESS COMPANIES ACT

that we need,” Mr Rolle
said. “It is intended to pro-
vide us with the support
base we need. For this to
work, we need the right
administrative structure. We
also need the right incen-
tives in place.”

Elated

Meanwhile, Stephen
Wrinkle, the Bahamian
Contractors Association’s
(BCA) president, described
himself and the organisation
as being “elated” after the
Speech from the Throne
pledged that the Govern-
ment would bring the long-
awaited Contractors Bill to
Parliament for passage into
legislation.

ment had the foresight to
realise this is such an impor-
tant piece of legislation, not
only to the construction
industry but the Bahamian
consumer and the nation as
a whole,” Mr Wrinkle told
Tribune Business.

“We will now be working
very diligently to ensure all
the pieces are in place, and
the Bill is ready and suc-
cessfully passed in the
House. There’s a lot of work
to go into this now to get
the contractors ready for
pre-qualification, grandfa-
thering in and registration.
We have been working on
this, but now the pitch is
ready and has been made,
we have to get the bat ready
to swing and step up our
efforts.”

(No 46 of 2000)

SICOM TRADING INC.
IBC No. 140306B
(In Voluntary Liquidation)

PURSUANT TO SECTION 138 OF
THE INTERNATIONAL BUSINESS COMPANIES ACT

I, Rachel Lister, of 3rd Floor, Heritage House, 235 Main
Street, Gibraltar, Liquidator of the above-referenced compa-

ny, hereby certify that the winding up and dissolution has been
completed in accordance with the Articles of Dissolution and
the company has been struck of the Registers of Companies.

Dated the 30th day of March, A.D. 2010.



NOTICE

INTERNATIONAL BUSINESS COMPANIES ACT
(No 45 of 2000)

AI STOP TRADING INC.

LIQUIDATOR’S NOTICE

PURSUANT TO SECTION 138 OF
THE INTERNATIONAL BUSINESS COMPANIES ACT

We, Redcorn Consultants Limited, Liquidator of the above-ref-
erenced company, hereby certify that the winding up and dis-
solution has been completed in accordance with the Articles of
Dissolution and the company has been struck of the Registers
of Companies.

Dated the 24th day of February, A.D. 2010.

yp
For 8nd on behalf of
Redégrn Cohsultants Limited
Liguittheg

NOTICE

INTERNATIONAL BUSINESS COMPANIES ACT
(No 45 of 2000)

SS INTERNATIONAL, LTD.

LIQUIDATOR’S NOTICE

PURSUANT TO SECTION 138 OF
THE INTERNATIONAL BUSINESS COMPANIES ACT

We, SOVEREIGN DIRECTORS LIMITED, Liquidator of the
above-referenced company, hereby certify that the winding up
and dissolution has been completed in accordance with the
Articles of Dissolution and the company has been struck of the
Registers of Companies.

Dated the 25st day of March, A.D. 2010.

8 a
vf = 7
For Bnd on behalf of
Redcgrn Colsultants Limited
ie J

FirstCaribbean

“We’re elated and very

pleased that the Govern-






















PUBLIC NOTICE

INTENT TO CHANGE NAME BY DEED POLL

The Public is hereby advised that |, KEZIA REBEKAH
SRIDHAR of PO. Box N-3018, off Village Road
intend to change my name to KEZIA_REBEKAH
RAMSAGAR. If there are any objections to this
change of name by Deed Poll, you may write such
objections to the Chief Passport Officer, P.O.Box
N-742, Nassau, Bahamas no later than thirty (30)
days after the date of publication of this notice.

Legal Notice

INTERNATIONAL BUSINESS COMPANIES ACT
(No.45 of 2000)

TOCRAIG LIMITED

In Voluntary liquidation

“Notice is hereby given that in accordance with
Section 137 (4) of the International Business
Companies Act (No. 45 of 2000). TOCRAIG
LIMITED, is in Dissolution.”

The date of commencement of dissolution is
the 13th day of April, 2010.

Cl Accountancy Limited
of Boatside Business Centre,
Warden, Northumberland, NE46 4SH
Liquidator

HALSBURY

HC CHAMBERS

Counsel-and-Attorneys-at-Law

Employment Opportunity

Established Law Firm is seeking to employ
an attorney who specializes in litigious work,
personal injury, family law and probate with
a minimum of five (5) years practical and
professional experience.

Applicants should be organized, diligent, a
team player and have the ability to work with
minimum supervision.

Successful applicants will be eligible to
participate in the company’s medical insurance
plan, pension plan and _ profit-sharing scheme.
Salary will commensurate with experience.

All applicants will be held in the strictest confidence

Interested applications should deliver _ their
curriculum vitae to our office situate on Village
Road North, or mail at P.O. Box CR-56766,
Suite 548, Nassau, The Bahamas.



LIT selCon eyes

at Bahamasair

FROM page 1B



interest, while another $2.231 million settled out-
standing bills owed to the Bahamas Telecommunica-
tions Company (BTC).

The overall effect of all this was to reduce Bahama-
sair’s accounts payable and accrued expenses by more
than two-thirds, from $68.924 million at year-end 2008
to $20.924 million at June 30, 2009.

In turn, this lowered Bahamasair’s solvency defi-
ciency, or the amount by which its current liabilities
exceed current assets, to $12.231 million compared to
$65.519 million the year before.

It was an effective ‘no-brainer’ for the Government
to embark on such a course of action, netting off the
sums owed by Bahamasair to other public sector enti-
ties with what the same agencies/departments owed
to the national flag carrier.

Healthier

The balance sheet now looks much healthier and
cleaner (relatively speaking), and is something Tri-
bune Business had been urging the Government to do
for several years, especially since there was no prospect
of Bahamasair ever paying the sums owed.

All the balance sheet maneuvering masked some of
the improved performance by Bahamasair, which
reduced its net losses by 42.5 per cent in 2009, from
$22.579 million the previous year to $12.991 million
this time around. The improved performance was
achieved despite a top-line decline, as total income
fell by 4.1 per cent to $78.807 million, compared to
$81.185 million the previous year. The main factor was
a decline in Bahamasair’s passenger revenues, which fell
by the exact same percentage to $72.65 million, com-
pared to $75.728 million in 2008.

The main driver behind Bahamasair’s fiscal 2009
showing was its costs, which dropped by 11 per cent to
$91.541 million, compared to $102.767 million in fiscal
2008. A major factor behind the more than $11 million
improvement was the almost $8 million drop in fuel
costs, which fell from $25.357 million the year before to
$17.697 million this time around.

Aircraft and traffic servicing costs dropped by $2
million, from $20.958 million to $18.806 million, while
maintenance, materials and repairs costs also fell by
almost $1 million.



PUBLIC NOTICE
INTENT TO CHANGE NAME BY DEED POLL

The Public is hereby advised that |, DEMEKO
DENNIS WOODS of Harina Hill, Eight Mile Rock,
intend to change my name io DEMEKO DENNIS
JOHNSON. If there are any objections to this
change of name by Deed Poll, you may write such
objections to the Chief Passport Officer, RO.Box N-
742, Nassau, Bahamas no later than thirty (80) days
after the date of publication of this notice.

POSITION AVAILABLE

Established business seeks
knowledgeable individual to
manage plumbing department.
Send resume to:

P.O. Box N-322.

NOTICE
Abacus Business Limited

In Voluntary Liquidation

Notice is hereby given that in accordance with
Section 138(4) of the International Business
Companies Act. 2000, Abacus Business Limited
is in dissolution as of February 4, 2010.

International Liquidator Services Inc. situated

at 3 Floor Withfield Tower, 4792 Coney Drive,
Belize City, Belize is the Liquidator.

LIQUIDATOR



CAREER OPPORTUNITIES

a see

Are you seeking an exciting career opportunity?

CORPORATE & ONSHORE

TREASURER-DIRECTOR

For further information on this and
other available positions, please visit
our website:

Develop, implementation and monitoring of compliance of Corporate policies

for managing liquidity risk, balance sheet, transfer pricing and Capital.

www firstcaribbeanbank.com/careers.htm

FIRSTCARIBBEAN

INTERNATIONAL BANK

GET THERE. TOGETHER.



TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM







THE TRIBUNE THURSDAY, APRIL 15, 2010, PAGE 9B

BUSINESS
PUBLIC NOTICE

INTENT TO CHANGE NAME BY DEED POLL

Banks ‘may have seen

the worst’ over bad loans

FROM page 1B

cent of all outstanding pri-
vate sector credit in this
nation, at end-February
2010, dropping below the
$1.1 billion level.

Paul McWeeney, current
head of the Clearing Banks
Association, expressed cau-
tious optimism that the dete-
rioration in commercial
bank loan portfolios that
had been sparked by the
recession, and increased
unemployment, was starting
to turn.

Pointing out that “there’s
always a large increase” in
loans falling into arrears in
December and January,
with Bahamians focusing
more on Christmas shopping
than meeting their commit-
ments, Mr McWeeney told
Tribune Business: “We
expect to see some claw
back of defaults in Febru-
ary, SO it met our expecta-
tions.

“But it’s too early to see if
this is a trend. We'd like it to
be, but we have to wait a
few months to see if this
becomes a positive trend.
That would be my cautious
approach; wait and see.
Let’s hope we build some
momentum.

“It is a positive sign, so
we’re keeping our fingers
crossed.”

Anwer Sunderji, Fidelity
Bank (Bahamas) chief exec-
utive, told Tribune Business
it was “hard to say” whether
February’s figures repre-
sented a turnaround in com-
mercial bank loan portfo-
lios.

“T think we may have seen
the bubble go through the
system, and may have seen
the worst of it,” he said. “If
the economy does not dete-
riorate any further, we may
see some improvement over
time. It’s all a function of

employment.”

The Central Bank data
appears to bear out Mr
McWeeney’s analysis, given
that it was a decline in loans
falling into the 31-90 days
past due category that was
solely responsible for the
February contraction in
defaulted credit.

The more important cate-
gory, those non-performing
loans that are 90 days past
due and upon which
Bahamian commercial
banks stopped accruing
interest, actually increased
by $9.7 million or a further
1.7 per cent during Febru-
ary 2010 to total a collective
$595.8 million.

Credit

This meant that some 9.8
per cent of total outstand-
ing private sector credit in
the Bahamas, almost one in
every 10 loans, was non-per-
forming as at end-February
2010.

The Central Bank’s fig-
ures indicate that while
Bahamian commercial
banks did a good job in
bringing many loans in the
31-90 days past due category
back into the current or per-
forming realm, possibly aid-
ed by Bahamians focusing
on debt repayment post-
Christmas, they were unable
to prevent others falling into
the non-performing sector.

“Consumers already in
arrears still experienced dif-
ficulty in making payments,
as evidenced by the increase
in non-performing loans -
those more than 90 days
delinquent, and on which
banks have ceased accruing
interest,” the Central Bank
said.

Loans between 31-90 days
past due fell by $33.9 mil-
lion or 6.5 per cent to $486.3
million at end-February,

cS}

iY) Vv

4 iv
yet

Sheraton

Nassau

BEACH RESORT

accounting for 8 per cent of
all outstanding private sec-
tor credit in the Bahamas.

The Central Bank added:
“The contraction in total
arrears was broad-based,
with mortgage delinquencies
recording the largest
decrease of $14 million or
2.6 per cent to $529 million,
as the fall-off in the 31-90
day segment by $17.3 mil-
lion or 5.9 per cent sur-
passed a $3.2 million (1.3 per
cent) rise in the non-per-
forming category.

“Similarly, commercial
delinquencies reduced by
$8.9 million (3.4 per cent),
reflecting an $11.6 million
(13.1 per cent) decline in the
short-term segment, which
outstripped the $2.7 million
(1.6 per cent) increase in
non-performing loans.

“A $5.1 million (3.7 per
cent) drop in 31-90 day
arrears - which negated a
$3.7 million (2.3 per cent)
advance in the non-accrual
segment - resulted in con-
sumer delinquencies declin-
ing by a more modest $1.3
million (0.4 per cent).”

INSIGHT

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* Solicit new and exisling accounts lo meevexceed revenue goals through telephone solicitation,
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PReSeNALNS, papery OUTS and cusLomer merkings,

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marketing, servicing and administrative procedures

Prepare, implement and compile data for siratezic sales plan, monthly BaCPAC Report, annual
eoals, forecasts and other reports as directed andiar required.

Develop banquet mens pricing and revenue MInMUms Weng Cunent competitive dala.

Skills & Abilities

* Excellent commianication skills, both oral and written as well as organizational, interpersonal,
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Must be a team leader and able to work with mumimal supervissan,

Extensive knowkdse of food and beverage products, proper preparation and presentation of fond
and beverage ilems and pricing.

Extensive knowledoe of meeting room capaciies, banque! set-up, audio-viswal and any other
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Karey ledge of hotel and competitis 2 mearkel

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Must Posse GoM puller skilk, incloding, rut med limited io, accnntines programs, Micreaott Word

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Qualifications & Experience

* Tigh School or equivalent education required, Bachelor's Dearee preferred

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‘Qualified applicants are invited bo email resumes te snbrjets'a sheralon.com

Note: All information will be held im strictest of confidence
Deadline for all applicants is April 18, 2010

TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM



“We expect to see
some claw back of
defaults in February, so
it met our expecta-
tions.’

Paul McWeeney

The Public is hereby advised that |, GLADYS
DEBORAL DAVID of PO.Box N-3018, off Village

Road intend to change my name to GLADYS
DEBORAL RAMSAGAR., If there are any objections
to this change of name by Deed Poll, you may write
such objections tothe Chief Passport Officer, PO.Box
N-742, Nassau, Bahamas no later than thirty (30)
days after the date of publication of this notice.



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Grant Thornton has positions available for Senior Accountants and a
Manager in its assurance and advisory practice. The applicants for
Senior Accountants must have a minimum of 3 years experience; the
applicants for Manager must have a minimum of 5 years experience
in auditing with proven leadership skills, excellent technical skills,
and be willing to work in an exciting and rewarding industry.

Please send resumes to infol@gtbahamas.net

Grant Thornton is the Bahamas member of Grant Thornton
International, one of the world’s top six international organizations
of independently owned and managed accounting and consulting
firms. Grant Thornton offers a variety of service lines including
assurance, accounting assistance, management consulting, forensic
accounting, liquidations, financial advisory, corporate services and
regulatory consulting.





at grade A, B, C.

development of the country.



SCHOLARSHIP & EDUCATIONAL LOAN DIVISION
MINISTRY OF EDUCATION

NOTICE

GERACE RESEARCH CENTRE SCHOLARSHIPS
(FORMALLY) BAHAMAS FIELD STATION

SCHOLARSHIPS FOR FALL 2010

Applications are invited from suitably qualified persons for nine (14) scholarships tenable
at accredited institutions in the United States of America under the Bahamas Field
Station/Ministry of Education Agreement (1971), commencing September 2010.

Under the Agreement, participating Colleges and Universities will offer full tuition
scholarships and the Ministry of Education will pay board and lodging charges.

Applicants should have gained admission into one of the following institutions where the
humber of awards available is indicated:

COLLEGE OF CHARLESTON - Charleston, South Carolina
UNIVERSITY OF SOUTH CAROLINA -Aiken, South Carolina
ALBRIGHT COLLEGE - Reading, Pennsylvania
UNIVERSITY OF NEW HAVEN:
EMPORIA STATE COLLEGE - Emporia, Kansas

BELLARMINE COLLEGE - Louisville, Kentucky

GANNON UNIVERSITY- Ene Pennsylvania

HARTWICK COLLEGE - Oneonta, New York

LYNCHBERG COLLEGE- Lynchburg, Virginia 1
MIAMI UNIVERSITY OF OHIO - Oxford, Ohio
WITTENBERG UNIVERSITY: Springfield Ohio

1
1
1
West Haven, Connecticut 2
1
1
1
2

1 GRADUATE
1 PARTIAL

Applicants will be accepted only for the Colleges/Universitias specified,

Applicants should have successfully completed high school education and be in
possession of at least 6 G.C.E/B.G.C.5.E. subjects, including English and Mathematics
Persons presently pursuing studias at one of the named institutions should submit an
Up-to-date official transcript along with the completed application form.

Applicants should note that the area of study must be deemed acceptable for the further
Further details and application forms may be obtained from the scholarship and
Educational Loan Division of The Ministry of Education or from the Ministry of

Education's website at www bahamaseducation com,

Completed application forms should be returned to the Scholarship and Educational
Loan Division, Shirley Street, P.O. Box N-3913, no later than Friday, 23 April, 2010,

Application farms received after this date will not be considered,







PAGE 10B, THURSDAY, APRIL 15, 2010

GLOBAL BUSINESS

Stocks rise on Intel, JPMorgan; S&P crosses 1,200

STEPHEN BERNARD,
AP Business Writers
TIM PARADIS,

AP Business Writers
NEW YORK



Upbeat forecasts from Intel
Corp. and JPMorgan Chase & Co.
propelled the stock market higher
for a fifth day.

The gains Wednesday pushed
the Standard & Poor's 500 index
over the 1,200 mark for the first
time in a year and a half.

The Dow Jones industrial aver-
age rose 104 points and moved
above 11,100.

The market made a broad
advance on a range of signs that
the economy is recovering.

JPMorgan Chase reported a bet-
ter-than-expected profit for the
January-March quarter.

The bank is still facing big losses
from souring consumer loans, but
CEO Jamie Dimon said there have
been clear improvements in the
economy.

Chipmaker Intel posted earn-
ings and revenue after the closing
bell Tuesday that topped analysts’
expectations.

The company also raised its 2010
forecast.

Intel's outlook boosted the tech-
nology-dominated Nasdaq com-
posite index.

Michael Binger, portfolio man-
ager at Thrivent Investment Man-
agement in Minneapolis, said the

strong results from leaders of the
banking and technology industries
are signs that the recovery is on
track.

"It diminishes the chance that
we go back into a double-dip
recession,” he said.

Credence

"Tt lends credence that the finan-
cial industry is recovering and the
tech industry is beyond recover-
ing and is doing very well."

The Commerce Department's
report that retail sales rose again in
March added to expectations that
consumers are starting to spend
more.

Federal Reserve Chairman Ben

Bernanke told Congress’ Joint
Economic Committee that the
recovery should hold but that high
budget deficits must be addressed
to avoid big jumps in interest rates.

Bernanke cautioned that unem-
ployment will remain an obstacle
for the economy.

He also repeated that interest
rates will stay low for an "extend-
ed period."

Some traders had speculated
that Bernanke would signal a shift
in interest rate policy now that the
economy appears to be strength-
ening.

Low rates have helped drive
assets like stocks higher for the
past 13 months.

The market has been rising

THE TRIBUNE

steadily for two months on encour-
aging signs of growth. Some ana-
lysts have warned that stock prices
have climbed too high but the lat-
est profit reports eased concerns
that prices are stretched.

According to preliminary calcu-
lations, the Dow rose 103.69, or
0.9 percent, to 11,123.11. The Dow
closed over 11,000 on Monday for
the first time since September
2008.

The S&P 500 index rose 13.35,
or 1.1 percent, to 1,210.65. Like
the Dow, the S&P 500 index is at
its best level since September 2008,
when the financial crisis began.

The Nasdaq rose 38.87, or 1.6
percent, to 2,504.86. It hasn't been
above 2,500 since June 2008.

NOTICE

NOTICE is hereby given that ABNER PIERRE of
CARMICHAEL ROAD, NASSAU, BAHAMAS is applying
to the Minister responsible for Nationality and Citizenship,
for registration/naturalization as a citizen of The Bahamas,
and that any person who knows any reason why registration/
naturalization should not be granted, should send a written
and signed statement of the facts within twenty-eight
days from the 8" day of APRIL, 2010 to the Minister
responsible for nationality and Citizenship, P.O. Box
N-7147, Nassau, Bahamas.

EMPLOYMENT OPPORTUNITY

Full Time and Part-Time Math, English and Writing
Tutors needed to tutor children with special needs/
learning disabilities. Person must show that they
enjoy working with children and can work with
little supervision. Please email your information,
qualifications and experience to:

Share your news

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.

NOTICE

NOTICE is hereby given that JAMES KERVINS JULES of
BLEUBELL AVENUE, GARDEN HILL #1, P.O. BOX N-9406,
NASSAU, BAHAMAS is applying to the Minister responsible
for Nationality and Citizenship, for registration/naturalization as
a citizen of The Bahamas, and that any person who knows any
reason why registration/naturalization should not be granted,
should send a written and signed statement of the facts within
twenty-eight days from the 8" day of APRIL, 2010 to the
Minister responsible for nationality and Citizenship, P.O. Box
N-7147, Nassau, Bahamas.

NOTICE

NOTICE is hereby given that JACKSON CHARLES of
BETHEL AVENUE, NASSAU, BAHAMAS is applying to
the Minister responsible for Nationality and Citizenship, for
registration/naturalization as a citizen of The Bahamas, and
that any person who knows any reason why registration/
naturalization should not be granted, should send a
written and signed statement of the facts within twenty-
eight days from the 8" day of APRIL, 2010 to the Minister
responsible for nationality and Citizenship, P.O. Box
N-7147, Nassau, Bahamas.

sijob@coralwave.com

NOTICE

NOTICE

EXXONMOBIL EXPLORATION AND PRODUCTION
(EAST SIBERIA) LIMITED



AL KHALEEJ GAS PIPELINE LIMITED

Creditors having debts or claims against the above-named
Company are required to send particulars thereof to the
undersigned c/o P.O. Box N-624, Nassau, Bahamas on or
before 3rd day of May, A.D., 2010. In default thereof they will
be excluded from the benefit of any distribution made by the
Liquidator.

Creditors having debts or claims against the above-
named Company are required to send particulars
thereof to the undersigned c/o P.O. Box N-624,
Nassau, Bahamas on or before 4 day of May, A.D.,
2010. In default thereof they will be excluded from the
benefit of any distribution made by the Liquidator.

Dated the 13" day of April, A.D., 2010. Dated the 13 day of April, A.D., 2010.

B. J. Conjelko
Liquidator
Al Wosail Building
West Bay Area
Doha, Qatar

Carol G. Gray
Liquidator
16825 Northchase Drive
Houston, TEXAS 77060

NOTICE
NOTICE

EXXONMOBIL EXPLORATION AND PRODUCTION AL KHALEEJ GAS PIPELINE LIMITED
(EAST SIBERIA) LIMITED

NOTICE IS HEREBY GIVEN as follows:
NOTICE IS HEREBY GIVEN as follows:

AL KHALEEJ GAS PIPELINE LIMITED is in
dissolution under the provisions
of the International Business Companies Act 2000.

POSITION AVAILABLE

A resort type property seek to employee the following:

EXXONMOBIL EXPLORATION AND
PRODUCTION (EAST SIBERIA) LIMITED is
in dissolution under the provisions of the
International Business Companies Act 2000. The dissolution of the said Company commenced
on the 7th day of April,2010 when its Articles

of Dissolution were submitted to and registered by
the Registrar General.

Front Office Manager
The dissolution of the said Company

commenced on the 6th day of April,

2010 when its Articles of Dissolution were
submitted to and registered by the
Registrar General.

Responsibilities:

The Liquidator of the said Company is B. J.
Conjelko of Al Wosail Building, West Bay Area,
Doha, Qatar.

+ Manage entire scope of the Front Office Department

* Attend to guest enquiries

+ Monitor performance against budget projections

* Ensure proper training and procedures in place to
provide

+ Attend to crisis or emergency situations

* Able to understand and interpret budgets and financial
statements

* Able to display a high degree of professionalism
and integrity as befitting as a member of executive
management

The Liquidator of the said Company is Carol
G. Gray of 16825 Northchase Drive,

Dated the 13th day of April, 2010.
Houston, Texas 77060.

Dated the 13th day of April, 2010.
HARRY B. SANDS, LOBOSKY MANAGEMENT CO. LTD.
Attorneys for the above-named Company
HARRY B. SANDS, LOBOSKY MANAGEMENT CO. LTD.
Attorneys for the above-named Company

FG CAPITAL MARKETS
BROKERAGE & ADVISORY SERVICES

Requi ts:
ROYAL FIDELITY equirements

Baie at Wor

€

* Arelevant degree in hospitality or business

+ Minimum five years hotel experience, preferably in
Room Division

+ Demonstrate supervisory skills; good judgment in
decision making

+ Computer literate with knowledge of a variety of
computer software applications

* Superior written and oral skills

* Excellent organizational and time management skills
with the ability to set priorities for self and other

BISX LISTED & TRADED SECURITIES AS OF:
TUESDAY, 13 APRIL 2010
BISX ALL SHARE INDEX: CLOSE 1,557.93 | CHG -0.10 | %CHG -0.01 | YTD -7.45 | YTD % -0.45
FINDEX: CLOSE 000.00 | YTD 00.00% | 2009 -12.31%
WWW.BISXBAHAMAS.COM | TELEPHONE: 242-323-2330 | FACSIMILE: 242-323-2320
52wk-Low Daily Vol. EPS $ Div $

7.00
9.67
5.30
0.53
3.15
2.14
9.62
2.69
5.00
2.21
1.32
5.94
8.75
9.50
3.75
1.00
0.27
5.00
9.95
10.00

Securit y
AML Foods Limited
Bahamas Property Fund
Bank of Bahamas
Benchmark
Bahamas Waste
Fidelity Bank
Cable Bahamas
Colina Holdings
Commonwealth Bank ($1)
Consolidated Water BDRs
Doctor's Hospital
Famguard
Finco
FirstCaribbean Bank
Focol (S$)
Focol Class B Preference
Freeport Concrete
ICD Utilities
J. S. Johnson 9.95
Premier Real Estate 10.00
BISX LISTED DEBT SECURITIES -
Security Symbol
Fidelity Bank Note 17 (Series A) + FBB17
Fidelity Bank Note 22 (Series B) + FBB22
Fidelity Bank Note 13 (Series C) + FBB13 100.00 0.00
Fidelity Bank Note 15 (Series D) + FBB15 100.00 0.00
Fidelity Over-The-Counter Securities
Bids Ask & Last Price
10.06 11.06 14.00
2.00 6.25 4.00
0.35 0.40 0.55
Colina Over-The-Counter Securities
30.13 31.59 29.00
0.45 0.55 0.55
BISX Listed Mutual Funds
NAV YTD% Last 12 Months %
1.4525 0.96 6.30
2.9116 0.85
1.5243 1.12
3.2025 2.75
13.4296
103.9873
101.7254
1.1034
1.0764
1.1041
9.5795

Previous Close Today's Close
1.02 1.02
10.63 10.63
5.30 5.30
0.53
3.15
2.37
12.20
2.72
6.00
2.83
2.54
6.07

Change
0.00
0.00
0.00

0.992
0.598
-0.877
0.168
0.055
1.406
0.249
0.419
0.111
0.627
-0.003
0.168
0.654
0.326
0.000
0.035
0.407
0.952
0.156

0.53
3.15
2.37
12.20
2.72
6.00
2.91
2.54
6.07
9.08
10.43
4.99
1.00
0.27
5.59 0.00
9.95 0.00
10.00 0.00
(Bonds trade on a Percentage Pricing b
Last Sale Change Daily Vol.
100.00 0.00
100.00 0.00

0.00
0.00
0.00
0.00
0.00
0.00
0.08
0.00
9.08 0.00 Director of Sales & Marketing
10.43
5.00
1.00
0.27
5.59

0.00
0.00
-0.01
0.00
0.00

Responsibilities:

«In charge of all sales activities, including the department
and staff

+ Member of the company’s senior executive staff

« Analyze sales statistics to determine business growth
potential

* Develop strategic Marketing Plan for company

52wk-Hi__ 52wk-Low
1000.00
1000.00
1000.00
1000.00

Interest

12 October 2017

19 October 2022
30 May 2013
29 May 2015

Prime + 1.75%

T%

Prime + 1.75%

52wk-Low EPS $ Div S
0.000
0.480
0.000

Symbol P/E
Bahamas Supermarkets
Caribbean Crossings (Pref)

RND Holdings

Daily Val.

0.000
0.001

ABDAB
RND Holdings

4.540
0.002

0.000
oe Requirements:
NAV 3MTH
1.419947
2.855227
1.504794

NAV 6MTH
1.403783
2.898993
1.489232

Fund Name
CFAL Bond Fund

CFAL MSI Preferred Fund

CFAL Money Market Fund

Royal Fidelity Bahamas G &| Fund
Royal Fidelity Prime Income Fund
CFAL Global Bond Fund

CFAL Global Equity Fund

1.3664
2.8266
1.4467
2.9343
12.6816
93.1999
96.4070
1.0000
1.0000
1.0000
9.1005

28-Feb-10
28-Feb-10
2-Apr-10
31-Jan-00
31-Oct-09
31-Dec-09
31-Dec-09
31-Mar-10
31-Mar-10
31-Mar-10
31-Dec-09

0.19
5.20
-3.54
5.90
3.41
oe

+ Relevant Degree - MBA is highly desirable

+ Minimum 5 years experience

* Leadership skills, with strong motivational and
interpersonal skill

S58
3.41

5.52
1.25
0.79
1.23
5.33

103.095570
99.417680

101.669300
96.739830
FG Financia | Preferred Income Fund
FG Financial Growth Fund

FG Financial Diversified Fund

5.25
4.37
5.34
Royal Fidelity Bah Int'l Investment Fund 5.33
Principal Protected TIGRS, Series 1

Royal Fidelity Bah Int'l Investment Fund
Principal Protected TIGRS, Series 2

Royal Fidelity Int'l Fund - Equities Sub Fund

10.0000 11.2361 12.36 12.36 31-Dec-09

All submissions will be kept confidential.

4.8105 7.6928 -0.31
MARKET TERMS

YIELD - last 12 month dividends divided by closing price

Bid $ - Buying price of Colina and Fidelity

Ask $ - Selling price of i

Last Price - Last traded

Weekly Vol. - Trading volume
ny's reported earnings per share for the last 12 mths
Value

N/M - Not Meaningful

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

47.51 31-Dec-09

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

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

52wk-Low - Lowest closing pric last 52 weeks

Previous Close - Previous day’: ighted price for daily volume
hted price for daily volume

Interested persons should apply in writing to HR Manager:

DA 84367, c/o The Tribune,
PO Box N-3207
Nassau, Bahamas

tal shares traded today
DIV $ - Dividends per share paid in the last 12 months
P/E - Closing price divided by the last 12 month eamin gs
KS) - 4-for-1 Stock Split - Effective Date 8/8/2007
KS1) - 3-for-1 Stock Split - Effective Date 7/11/2007

TO TRADE CALL: CFAL 242-502-7010 | ROYALFIDELITY 242-356-7764 | FG CAPITAL MARKETS 242-396-4000 | COLONIAL 242-502-7525

TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM





THE TRIBUNE THURSDAY, APRIL 15, 2010, PAGE 11B

Fed survey: Recovery is

spreading; jobs still weak





JEANNINE AVERSA,
AP Economics Writer
WASHINGTON

The economic recovery is
spreading to most parts of
the U.S. Merchants are see-
ing better sales and facto-
ries are boosting production,
but many companies are still
wary of ramping up hiring,
the Federal Reserve report-
ed Wednesday.

The Fed's new survey is
consistent with chairman
Ben Bernanke's view that a
modest recovery is unfold-
ing, although it won't be
strong enough to quickly
drive down unemployment
now at 9.7 percent.

All of the Fed's 12 regions



— except for St. Louis —
said "economic activity
increased somewhat." That
was an improvement from
the last Fed survey, released
in early March, where nine
regions reported modest
economic advances. Snow-
storms had crimped activity
along the East Coast.

In the new survey, the St.
Louis region said economic
conditions had "softened."
That was a downgrade from
the previous report when
the region reported mixed
economic conditions.

The Fed report, known as
the Beige Book, will figure
prominently when Bernanke
and his colleagues meet on
April 27-28 to decide the

future course of interest rate
policy. Economists predict
the Fed will continue to hold
rates at record lows to nur-
ture the recovery.

It has kept rates at super-
low levels since December
2008.

Consumers

The new survey suggest-
ed that consumers — whose
spending accounts for 70
percent of national eco-
nomic activity — are doing
their part to keep the recov-
ery going.

Retailers in most parts of
the country reported sales
increases, and merchants



(AP Photo/Seth Wenig)

A TELEVISION indicates that the Fed will keep interest rates unchanged on the floor of the New York Stock
Exchange in New York, Tuesday, March 16, 2010. Stocks held on to modest gains Tuesday after the Fed-
eral Reserve gave a mildly more upbeat view of the economy. The Fed, which also said it will keep inter-
est rates low for “an extended period,” said businesses are spending “significantly” more on equipment
and software. The Fed also gave a marginally more upbeat assessment of the job market, though it said
employers remain reluctant to hire.





Matt Rourke/AP Photo/ File”





wes i Peck. da IN THIS APRIL 2, 2010 FILE PHOTO, workmen manufacture windows at Northeast Building Products
in Philadelphia. The economic recovery is spreading to most parts of the country. Merchants are see-
ing better sales and factories are boosting production, but many companies are still wary of ramping

up hiring.

were "cautiously optimistic
regarding future sales," the
report said.

Sales of home furnishings
and electronic goods rose in
a number of regions.

So did sales of spring
clothing.

Car sales were up in many
places, as well as tourism
spending.

Factories saw improve-
ments, too.

Orders, shipments and
production were up in all
parts of the country —
except for St. Louis.

Many areas reported pos-
itive results in metals and
fabrication.

Makers of auto and auto
parts also saw improve-
ments.

Production rose for elec-
tronic equipment, comput-
ers and high-tech goods.

Trouble spots for the U.S.

economy remain. The hous-
ing market is still fragile and
commercial real-estate activ-
ity stayed "very weak" in
most parts of the country,
the Fed said.

And, job prospects are
still rather bleak for the
nation's 15 million unem-
ployed.

The Fed report noted that
some hiring was evident,
mostly for temporary work-
ers.

Markets

Overall, though, "labor
markets remained weak,"
the Fed report concluded.
Employers added 162,000
jobs in March, the most in
three years, helped by a
burst of government hiring
for census workers.

Going forward, many pri-

vate economists believe job
creation will be feeble,
meaning the unemployment
rate is likely to stay high.

Given the weak jobs mar-
ket and slow-moving recov-
ery, inflation was under
wraps.

For instance, most com-
panies hiring new workers
in the Kansas City region
were not offering higher
salaries to attract qualified
candidates.

In the Dallas region, only
a handful of companies were
planning on partially rein-
stating employer matches to
retirement plans or giving
small pay increases.

The Fed survey is based
on information collected
from the Fed's 12 regional
banks on or before April 5.
The report gives the Fed a
way to keep its pulse on
local economic conditions.





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(BAHAMAS) LIMITED

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Full Text
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SUNNY AND

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~~ WINDY

Volume: 106 No.118





CLASSIFIEDS TRADER CL; |









BAHAMAS EDITION

www.tribune242.com

THURSDAY, APRIL 15, 2010

R CLASSIFIEDS TRADER

Dall {imits for

Serious crimes

Government vows
restrictions in the
Speech from Throne

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

IN ANSWER to the alarm-
ing number of crimes being
committed by persons out on
bail, the government of the
Bahamas vowed in its Speech
from the Throne to amend
the Bail Act to restrict the
right of bail for persons
charged with serious crimes.

Receiving cheers and
applause from persons in the
gallery as the Governor Gen-
eral, Sir Arthur Foulkes deliv-
ered the speech at the open-
ing of Parliament, this act will
replace the current Bail Act
and limit the circumstances
under which bail may be
granted.

Amongst the list of other
Parliamentary matters that
will be placed before the
House of Assembly for this
session are legislation to mod-
ernize and simplify the pro-
bate of estates, Amendments
to the Road Traffic Act to
eliminate Act Insurance and
replace it with full third party

insurance; legislation to repeal
the Hotel Corporation Act;
the introduction of a Con-
tractors Act; legislation for a
Bahamas Financial Services
Authority; a Law of Property
Act and a Registered Land
Act; legislation for a Land
Adjudication Bill; and an
amendment to the Antiqui-
ties, Monuments, and Muse-
ums act which will lift the
moratorium on salvaging of
historic wrecks.

Speaking to the media fol-
lowing the delivery of the
speech, Opposition Leader
Perry Christie said that it will
be interesting to see the
extent to which the govern-
ment is serious about reform
when it comes to this issue.

“T have made speeches
before to the effect that even
if we have to amend the con-
stitution it is important that
we get crime particularly
crime committed by people
on bail, heinous crimes, like
murders, that we have to find
a way to protect our citizenry

SEE page two





PEnsoy Time OFF WITH A



















~~
=



ca



â„¢ GOVERNOR GENERAL Sir
_| Arthur Foulkes and his
wife Lady Joan Foulkes
are all smiles after the
delivery of the Speech
from the Throne.

* MORE PHOTOS ON
PAGES 10 & 11



SIR Arthur Foulkes
was officially sworn in as
the country's eighth Gov-
ernor General after tak-
ing his oath of office dur-
ing a ceremony at Gov-
ernment House yesterday
morning.

Minutes later, he deliv-
ered the Speech from the
Throne ahead of the
opening of Parliament
which outlined the gov-
ernment's legislative agen-
da for the remainder of its
five-year term.

The ceremony came a
day after the Cabinet
Office announced the vet-
eran journalist's appoint-
ment and after much spec-
ulation that he had been
tapped by the nation's
chief to succeed Arthur
Hanna who recently

SEE page 14









ear






PRICE —75¢ (Abaco and Grand Bahama $1.25)

Ts

rT
IN TODAY’S TRIBUNE



Available at

Mt. Royal Ave.
Tel:326-1875






Man dies after being
shot in face and chest



A MAN has died in hos-
pital after being shot in the
face and chest by an
unknown assailant, police
reported yesterday.

Officers were alerted to
the shooting at around
2.30am. When they arrived
at the scene on Washington
Street off Cordeaux
Avenue, the victim — a 36-
year-old Podoleo Street man
—was still alive.

He was taken to hospital
and was reported to be in
stable condition.

According to police, he
died of his injuries late yes-



terday afternoon.

Several hours earlier, at
around 9.30pm on Tuesday
night, police were called to
Strachan’s Alley off Kemp
Road where they found a
56-year-old man suffering
from multiple stab wounds.

The victim was reportedly
walking on Kemp Road
when he was attacked by a
group of men.

He was taken to hospital
by ambulance. Police could
not confirm his condition
before press time last night.

SEE page 19










% =.

Cabinet to review report
on Freeport Container

Port actions in tornatio

By TANEKA THOMPSON
Tribune Staff Reporter

tthompson@tribunemedia.net

A PRELIMINARY :
report detailing the actions |
of the Freeport Container :
Port during a deadly torna- :
do that killed three workers :
and injured four others as :
the twister ripped through :
portions of Grand Bahama :
will soon go to Cabinet for ;
review, said Labour Minister:

Dion Foulkes.

"As the minister respon-
sible I'm in the process of }

SEE page 19

Tim Clarke/Tribune staff

Environmental concerns raised over
Bimini Bay Resort development

By MEGAN REYNOLDS
Tribune Staff Reporter
mreynolds@tribunemedia.net

CONCERNS over ecolog-
ical destruction at the $75 mil-
lion Bimini Bay Resort have

reached a critical point as
development presses on with-
out a long-overdue Environ-
mental Management Plan
(EMP) and Environmental

SEE page 15

Sir Durward Knowles’ family appeal for blood donations

FAMILY and friends of Sir Durward Knowles are appealing to the
public to donate blood to Doctor’s Hospital as the 92-year-old
Olympic athlete continues to recuperate following a three-car colli-
sion on the Eastern Road earlier this week.

Having been removed from the intensive care unit, Sir Durward is
said to be awake and stable. He is, however, not receiving visitors at
this time. Initially suffering from cuts and bruises from his accident
on Monday, Sir Durward is expected to be in the hospital for a few
more days. The family and friends of Sir Durward expressed their
thanks and appreciation to the many persons who called and visited,
and asked that he and the family be kept in their prayers.

The blood bank at Doctor’s Hospital is open from 8am to 8pm.





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PAGE 2, THURSDAY, APRIL 15, 2010



LOCAL NEWS

THE TRIBUNE



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LEO RYAN PINDER, the new Member of Parliament for Elizabeth, was sworn in during the opening of
a new session of Parliament yesterday.

Leo Ryan Pinder is
sworn in as PLP MP

By ALISON LOWE
Tribune Staff Reporter
alowe@tribunemedia.net

LEO Ryan Pinder thanked
his constituents, family, party
leaders and parliamentary col-
leagues yesterday during his
first address to the House of
Assembly upon being formally
sworn in as a PLP MP after the
hotly-contested Elizabeth by-



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election and the election court
battle that followed.

Mr Pinder, who ultimately
won 1,504 votes to the FNM’s
Dr Duane Sand’s 1,501,
replaces former PLP MP Mal-
colm Adderley, who resigned
in January, forcing the by-elec-
tion.

He officially joined the lower
chamber of parliament at the
same time as Michael Pintard
took his oath to become a Sen-
ator in the upper chamber.

In his address, 35-year-old
Mr Pinder recommitted him-
self to the messages he sent to
Elizabeth constituents in the
“whirlwind campaign” in the
run-up to the February 16 by-
election, saying small business
development and training
remain among his plans to
enhance the community and by
extension, the nation.

Mr Pinder, an attorney by
profession, said that without a
representative who will “con-
sciously and methodically fight”
for legislation that will support
the best efforts of constituents

FROM page one

and the government appears
to be making a stab at it.”

However he warned that he
has to wait and see when the
legislation comes, how the
government will get around
the constitutionality of
restricting bail.

Echoing this concern was
the PLP’s deputy leader attor-
ney Philip Davis.

“T understand the cries out
there about persons on bail
but I don’t know if the answer
out there is to amend the Bail
Act. I think the answer is to
ensure that persons are tried
in a reasonable time, that has
been the problems that we
have been faced with. We are
dealing with the problem at
the wrong book end,” he said.

What is certain, however,
according to the PLP, is that
the government’s commit-
ment going forward seems to
be to follow through with con-
stitutional matters that the
PLP had left in place. For
instance, Mr Christie sa his
government had in progress
matters to deal with land, the
improvement of the adminis-
tration of justice, and health
care.

“So it’s going to be inter-
esting for us to see the extent

ue ee
as)

A ti)
PHONE: 322-2157



to better their lives, communi-
ties cannot become more inde-
pendent and advance.

In an apparent reference to
the close election result, the
MP said constituents of Eliza-
beth have demonstrated that
the days of “blind allegiance”
to one party are over and elec-
toral success now depends on
candidates and parties coming
with a “vision, a message of
hope and a commitment to fair
play” - principles which Mr
Pinder said he believes he
“embodies” as a representa-
tive.

The young MP described his
election as the passing on of a
“baton of service” from his
father Marvin Pinder, former
MP for Malcolm Creek, who —
with Mr Pinder’s mother, wife,
children, siblings and other
family members and support-
ers — was present to see him
take his place in the House of
Assembly.

The House was then
adjourned to Wednesday, April
21.

Bail limits
to which the government is
committed to reform because
the Speech from the Throne
has been put into the context
of a country that needs
reform and laws that need
reforming and so really how
they go about doing it is what
we need to see with respect
to legislation coming before
us.

“The challenges of our
country are such that the gov-
ernment is compelled to find
some kind of workable solu-
tion to crime and to give peo-
ple hope that the government
is preparing itself to involve
our people in a meaningful
way whenever the recovery
comes in the global economy.

“That is what our complaint
has been. That we have not
had the basis from this gov-
ernment of giving people in
this country hope that they
have a workable or realistic
plan that would give people
the hope that things would be
okay as we go into the
future,” he said,

As for now, Mr Christie
added, the Speech from the
Throne really is only a reflec-
tion of the government’s leg-
islative intention; as it will
take any number of debates
to really find out what the
government has planned to
improve the economy and to
find jobs for Bahamians.

“So we have heard the pro-
nouncements as to new legis-
lation. We have to wait for
the government during the
debates to see what their
action will be,” he said.

MAIN/SPORTS SECTION

Local News
Local News
Editorial/Letters

P1,2,3,5,6,7,8,9,10,11,12,14

P13,20,28
P16,17,18

OBITUARIES/RELIGION 28 PAGES

CLASSIFIED SECTION 36 PAGES

USA TODAY MAIN/SPORTS SECTION



TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM


THE TRIBUNE

LOCAL NEWS

Move for parliamentary
committee to investigate
Freeport tornado tragedy

MP says probe should
examine weather

GRAND Bahama MP Obie Wilch-
combe yesterday moved to have a par-
liamentary select committee appointed
to probe into the circumstances sur-
rounding the deaths and injuries arising
out of the tornado that struck the
Freeport Container Port.

Mr Wilchcombe, in the House of
Assembly’s first sitting of the new leg-
islative session, gave notice of his desire
to see such a committee appointed — a
request that the Speaker of the House
will now consider.

The West End and Bimini MP said
the select committee, which would con-
sist of a group of parliamentarians
empowered to investigate the events
through reference to witnesses and
documents, among other things, should
look into the weather that prevailed
on the day in question, May 29.

He further said that such a commit-
tee should investigate the deaths and
injuries that resulted as well as allega-
tions that these deaths and injuries and
the destruction at the container port
in particular may have been avoided
had timely weather warnings been
issued.

Mr Wilchcombe suggested the select
committee should also be empowered
to inquire into allegations that there
was negligence by the Minister of the
Environment “in failing to ensure that
there was a Meteorological Office in
Freeport on May 29” and that there
was not a sufficient response from cer-
tain government agencies in the wake
of the tornado strike. MP for Bain and



TATE

Ca UCT ESS

Obie
Wilchcombe







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isc

TOPPLED: The fallen crane at Freeport Container Port after the tornado struck.

Grants Town Dr Bernard Nottage also
called for the appointment of a select
committee to “examine the unaccept-
ably high levels of criminal activity in

the Bahamas”, and to look into the
social conditions that may have con-
tributed to this state of affairs.

Impact

This select committee would look
into what impact the conclusions and
recommendations of any other com-
mittees have had on crime and to
“make recommendations with respect
to solutions.”

The request comes after the previ-
ously appointed select committee on
crime was dissolved following the pro-
rogation of parliament.

Dr Nottage also, in the form of a



“resolution on free and fair elections”,
called on the government to “ensure
that in the future the resources and
staff which are necessary to organise
free and fair elections are supplied to
the Office of the Parliamentary Com-
mission.”

He made this call given the fact that
election court cases over election out-
comes in the constituencies of Marco
City, Pinewood and Elizabeth have
“made adverse findings of fact with
regard to the conduct of elections, call-
ing into question whether elections in
the Commonwealth of the Bahamas
are free and fair” and focused on the
conduct of the Parliamentary Com-
missioner and his staff and the
“resources provided to oversee elec-
tions.”

etic | Govt renews Freedom of
Information Act pledge





THE government has
pledged to pass several new
laws aimed at better protect-
ing the environment.

In yesterday’s Speech
From the Throne, new Gov-
ernor-General Sir Arthur
Foulkes announced that a
number of Bills will be
brought before parliament
aimed at reinforcing domes-
tic laws and fulfilling inter-
national obligations con-
cerning environmental stan-
dards.

These laws — which will,
among other things, impose
fines on the disposal of car-
bon-polluting items such as
vehicles, tyres and appli-
ances — are on the agenda
for the new session of parlia-
ment.

Among them is a Bill for a
Forestry Act and an amend-
ment to the Bahamas
National Trust Act estab-
lishing a trust to support the
protection and maintenance
of country’s biodiversity.

“My government is
pleased to have provided
significant international and
regional leadership with
regard to environmental
protection and climate
change which threatens our
way of life and our econom-
ic development,” Sir Arthur
said.

Legislation to benefit
vulnerable citizens

Sir Arthur said the gov-
ernment will continue to
reform and modernise laws
related to the country’s
“most vulnerable citizens.”

He said legislation will be
placed before parliament to
enact the Good Samaritan
(Food Donation) Act, as
well as the Persons with Dis-
abilities (Equal Opportuni-
ties) Act. Also to be brought
before parliament, the gov-
ernor-general said, are Bills
to amend the Legal Profes-
sion Act to facilitate “more
expeditious disciplining” of
errant attorneys; an Animal
Control and Protection Bill
to improve the protection
and control of animals; legis-
lation for a Small and Medi-
um Size Business Develop-
ment Act; legislation for a
Contractors Act; and legisla-
tion to amend the Road
Traffic Act.

THE government has
pledged its renewed com-
mitment to delivering a
Freedom of Information Act
“to enhance transparency
and accountability” before
the close of its present term
in office.

In the Speech from the
Throne, delivered yesterday
by Governor-General Sir
Arthur Foulkes, it was stat-
ed that the legislation would
“provide the Bahamian peo-
ple and the media with
greater access to govern-
ment decision-making and
actions.”

“My government has a
long-standing commitment
to good, effective and open
governance,” said Sir
Arthur, reading the Speech.

A Freedom of Informa-
tion Act was first pledged in
the FNM’s 2007 election
manifesto.

Most democracies have







enacted, or moved towards
creating a Freedom of Infor-
mation Act. The United
States passed an FOIA in
1966, with the UK follow-
ing in 2000.

Apart from outlining the
right of the public to access
certain information, the
“sunshine” law would also
create penalties for public
authorities who withhold
documents. Advocates of
the law in the Bahamas say

it would help reduce scan-
dals and cases of corruption
that often only come to light
years after they occur, if at
all.



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THE TRIBUNE

THE majority of Tribune

THURSDAY, APRIL 15, 2010, PAGE 5

Readers say not enough done to



prepare public for one-way system

readers taking part in our latest
online poll feel the government
did not do enough to prepare
the public for the new one-way
traffic system on Baillou Hill
Road and Market Street.

The poll, posted on tri-
bune242.com, asked readers if
they think the transition to the
new system was handled prop-
erly by the Ministry of Works.

Of the 202 readers who
responded, 124 said signs
should have been put in place
well before the change was
made, while only 78 felt there
was suitable notice and infor-
mation.

Reader Craig Stubbs said he
feels the transition was not
properly managed.

He said: “During the con-
struction, government ought to
have continued their public
awareness campaign. We have
visitors still using the old road
maps unaware of the changes.
Family Islanders are complain-
ing that they had no knowledge
of the road improvements.

“The bottom line: there was
not enough media coverage or
signage. A prime example is the
installation of road dividers on
Robinson Road between Mar-



THE one-way system has proved problematic.

ket Street and First Street -
changes initiated at the last
minute and motoring public
was not informed.

Nadia said the government
didn’t think the matter through
before planning the new sys-
tem.

She said: “I feel the govern-
ment should have fixed and
paved the roads, made them
wider, then changed the direc-
tion of the roads if they wanted
to.

“Town meetings with all per-
sons who would be affected by
this change should have taken
place before any decision was
made on the directions of the
roads. Why did the government
make their decision, then

decide to have town meetings?”

However, Erasmus Folly put
the ongoing confusion on Bail-
lou Hill Road and Market
Street down to the fact that the
public is “woefully ignorant”.

“Their inability to handle a
simple traffic
optimisation/reversal scheme
should be all the proof we
need,” he said.

The reader noted that the
relevant information was print-
ed in the newspapers, “but our
ignorant people simply didn't
want to take the time to read it
and understand it. They are not
doing their duty as citizens, but
are happy to blame the gov-
ernment for their own igno-
rance.”

Western Air makes inaugural Kingston trip



PUSHIN’ DA ENVELOF

By Jamaal Rolle



WESTERN Air made its inaugural trip into
Kingston, Jamaica, on Monday, a day after Air
Jamaica officially discontinued its services
between the Bahamas and that country.

“The first day was successful. We had 33 pas-
sengers on board.

“We are just monitoring it right now. Every-
thing looks good, looks profitable. As soon as
May we hope to start the Montego Bay flights,”
said a Western Air representative.

Western Air said that at $400, their round-
trip ticket is cheaper than what Air Jamaica
offered in the past.

The first passengers flying the airline’s new

“There are a lot of Bahamians here living and
going to school and there are a lot of Jamaicans
working in Nassau. Most of them don't have
(US) visas, so it would be difficult for them to
travel,” said Rex Rolle, Western Air’s president
and chief executive officer, while speaking to
the media at Kingston airport about the benefits
of a direct route that bypasses the US.

Jamaica Dispatch Limited was contracted to
handle all ground operations related to the
Jamaica service so no additional Bahamians will
be employed to service the route.

Western Air will operate one flight per day
into Kingston between Sunday and Friday until it













route touched down at the Norman Manley Inter- —_ adds its daily service to Montego Bay on Fri- - 0 © COST O < <

national Airport in a SAAB 340A aircraft. days and Sundays. ~~, nt ac »

Illegal immigrants believed to he smuggled from Bahamas enn caine
A GROUP of illegal immi- Agents reportedly found — of human life and are only con- =

grants apprehended off the stacks of US and Bahamian cerned about making a profit. Bie edSate

Florida coast late Monday are cash on board the vessel sug- “ICE will continue to aggres- r v

believed to have been smug-
gled from the Bahamas.

The 15 Haitian, Jamaican
and Sri Lankan migrants now
facing immigration removal
proceedings and/or criminal
prosecution were taken into
custody when police and immi-
gration officials swooped on a
yacht beached around one nau-
tical mile north of the Haulover
Inlet in Miami-Dade County.

With them, were two Cuban
men who are being held on sus-
picion of smuggling the
migrants and face federal crim-
inal charges.

The United States Immigra-
tion and Customs Enforcement
(ICE) unit has also seized the
migrant boat for ongoing inves-
tigations.

gesting ties with the Bahamas,
but this was not confirmed by
ICE.

Last year, several arrests
were made after Bahamian
smugglers caused the death of
migrants in Palm Beach Coun-
ty.
“ICE strongly discourages
people from taking to the seas
and attempting to illegally enter
the United States through mar-
itime means,” said Anthony
Mangione, special

agent in charge of the ICE
Office of Investigations in Mia-
mi.

“Tragically, many have lost
their lives while attempting this
illegal and treacherous trip.

“Human smugglers have a
callous disregard for the value

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PAGE 6, THURSDAY, APRIL 15, 2010

LOCAL NEWS

THE TRIBUNE



THE UNION OF TERTIARY EDUCATORS OF THE BAHAMAS

Union repeats
its threat to
disrupt exams

Call for full audit of COB finances

THE Union of Tertiary
Educators of the Bahamas
has reiterated its threat to
disrupt examinations and
called on a full audit of the
College of the Bahamas’

finances. In a statement
issued to the media yester-
day, UTEB said that the col-
lege’s negotiating team
refused to meet with the
union over the weekend and

for much of the first two
days of the week.

One day was spent work-
ing out an agreement con-
cerning when the two teams
would meet and “setting an











aoe









THE COLLEGE OF THE BAHAMAS: The Union of Tertiary Educators of the Bahamas called on a full audit

agenda for what would be
discussed and when it would
be discussed,” the union
said.

ORALEE’S FASHIONS

has the most beautiful

Unwillingness

“Again, the college’s
unwillingness to be active
participants in the negotia-
tion process is becoming
appallingly clear, particular-
ly as we begin discussing
salaries and related finan-
cial matters, matters that
require budgetary input.

“Consistent with our
request for a forensic audit
in early December 2009,
UTEB asked for the total
emoluments of the college,
including a breakdown of

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of the College of the Bahamas’ finances.

‘Again, the college’s unwillingness to
be active participants in the negotia-
tion process is becoming appallingly
clear, particularly as we begin dis-
cussing salaries and related financial
matters, matters that require budgetary

input.”

— UTEB



names, positions, and
salaries of individuals who
fell under staff, manage-
ment, middle managers, et
cetera.

“We have yet to receive
the financial information
that was requested during
this period or to receive a
response regarding the
forensic audit.

“In fact, neither the col-
lege administration nor the
government entity respon-
sible for carrying out the
requested audit has respond-
ed.

“UTEB is more than will-
ing to take into account the

economic state of the coun-
try and the financial reali-
ties of the college when it
negotiates salaries; howev-
er, this is only possible when
there is a clear understand-
ing of the college’s financial
condition and the knowl-
edge that the college’s
administration is making
similar concessions in order
to maintain the financial via-
bility of COB as it seeks to
continue its mission to pro-
mote national develop-
ment,” the statement read.

The union added that it is
“unfortunate” that in the
21st century, those directly

¢ OMNESG
d Vcasaer ¢ ilel Ipera
presents



responsible for the college
can essentially stall negotia-
tions to prevent faculty,
staff, students, stakeholders
and the general public from
understanding the financial
reality at COB.

“These questions remain
unanswered,” the statement
read.

“Is student learning a pri-
ority to the college adminis-
tration?

“How are the college’s
funds being utilised?

“How are administrators
making concessions?

“Are contributions like
scholarships being utilised
as donors anticipated?

“And, why was the foren-
sic audit never done?”

INSIGHT

For the stories

behind the news,
read Insight
on Mondays

The Story of The Spirituals

t

8:00 pm, Friday, April 16, 2010
Christ Church Cathedral
Direoted by: Dr. Cleveland A. Williams
Pianist: rs. Audrey Dean Wright

Denation: $20.00

Part Proceeds in aid of The Bahamas Cancer Society

[ie kets available at:

Christ Church Cathedral & Nautilus

Come enjoy this evening of Negra Spirituals with the Massau City Opera Company Singers

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THE TRIBUNE

THURSDAY, APRIL 15, 2010, PAGE 7



LOCAL NEWS

<7, 1
Murder trial opens

in Supreme Court

By DENISE MAYCOCK
Tribune Freeport Reporter
dmaycock@tribunemedia.net



FREEPORT — The murder trial of Herman
Francis and Raymond Darling opened in the
Supreme Court on Tuesday before Justice Hart-
man Longley.

Francis and Darling are accused of the murder
of 34-year-old Tyna “Penny” Pinder on Novem-
ber 25, 2005. Pinder, a secretary at the Cool
Breeze Apartments, was shot during an attempt-
ed robbery.

During the prosecution’s opening address, the
jury was told that Francis and Darling planned
the robbery together, took steps to carry it out
using a shotgun, and intentionally caused the
victim’s death. According to the prosecution, the
bullet that killed Pinder entered one side of her
neck and exited the other.

Prosecutor Jillian Williams is leading a team of
attorneys representing the Crown. Brian Hanna
is representing Darling and Mario Grey is rep-
resenting Francis.

Megan Pinder, the victim’s sister, said she last
saw Penny at home around 8am on the day of her
death, when Penny left for work and to drop her
son off at school.

She later spoke to her sister around 10am.
“Penny was in good spirits,” the witness recalled.

The next time she saw her sister, Ms Pinder
was identifying the body at the Rand Memorial
Hospital morgue on December 1, 2005.

Leonard Martin, owner of Cool Breeze Apart-
ments, told the court he left Penny alone in the
office at around 11.30am to run some errands.

When he returned about 10 minutes later, he
was informed by police that she was dead inside
the office, he said.

Mr Martin said Penny was responsible for
interviewing tenants, collecting rent, taking com-
plaints, and clerical work. He said that she had
collected no cash that morning.

Solomon Hield, a restaurant manager, and

Frederick Bastian, a PE teacher at Tabernacle
Baptist Academy, each told the court they saw a
man with a gun near Settler’s Way shortly after
the shooting.

Hield was driving south on Forbisher Drive
at around 11.30am when he saw a young man
with a shotgun running in the other direction.

The shotgun was about three-and-a half feet
long, he said.

According to Hield’s testimony, the gunman
was heading away from the Cool Breeze Apart-
ments and went through a track road between
Drake Avenue and Settler’s Way.

Hield described the man as being between
5°11” and 6’ tall, of dark brown complexion, and
weighing about 150 to 160lbs.

He was wearing a white t-shirt, dark pants and
an olive green cloth over his face, Hield said.

Mtr Bastian said that around 11.40am, he also
observed a man fitting this description on a track
road near the Tabernacle school on Settler’s
Way. He said the man was about 6ft tall, dark,
and weighed about 145 to 165lbs. He was wearing
a white short sleeved shirt, black Dickies pants,
and a green sweater.

Mr Bastian said the man was armed with a
pump shotgun. He said he was able to see the
man’s face, but was not contacted by police to
attend an ID parade. Cross-examining Hield,
Francis’ lawyer Mr Grey said the witness’ descrip-
tion of the man in court differed from the account
he gave police on November 29, 2005.

In a signed police statement, Mr Hield had
noted that the man was not too dark and made no
mention of his height.

Police officer Billy Ferguson of the Criminal
Records Office said he went to the Cool Breeze
Apartments around 11.45am on November 25,
2005, and took several photographs of the crime
scene. He said that on December 1, he also took
photographs of the victim at the Rand’s morgue.

The officer said 31 negatives were processed
and compiled into an album, which was exhibit-
ed as evidence in court.

Bumpin Big Show circus coming

FREEPORT - The count-
down is on. There are only
three weeks left until the arrival
of Casual Cal’s Bumpin Big
Top Circus.

It is guaranteed to be a “jaw
drop’n, eye poppin’, finger
snappin’, toe tappin’, house
rock’n high energy Urban Cir-
cus,” said its sponsor.

The Bumpin’ Big Show Cir-
cus 2010 International Tour vis-
its Freeport from May 5-9 at
the St Georges Auditorium
under the theme “The Magic
is Back”. And will be in Nassau
from May 11-16 at the Kendal
G L Isaacs Gymnasium.

Popularity

Hosting the event is Calvin
“Casual Cal” Dupree, the
world’s first touring African
American Ringmaster, who
holds the popularity and brand
recognition as the world’s
hottest urban family entertain-
er. The Bumpin’ Big Show Cir-
cus contains a host of world
class performers from every
corner of the globe. “Along
with some foot pattin’, finger
snappin’ hip-hop, dance, R&B,
jazz, inspirational, and gospel
music with plenty of audience
participation that will leave you
stunned and amazed as per-
formers turn stunts and acro-
bats into motion,” said the
sponsor.

“As Casual Cal would say . .
. every ticket purchased at The
Bumpin’ Big Show Circus is a





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grab the family, church mem-
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neighbours, friends or a date
and come because the Magic is
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As previously reported,
Casual Cal’s Bumpin’ Big Show
Circus, Mr Calvin Dupree and
Soft Touch productions are in
no way affiliated with the Uni-
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PAGE 8, THURSDAY, APRIL 15, 2010





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THE TRIBUNE

LOCAL NEWS

Broadway in Concert
2010 set to light up
the Regency Theatre

WITH a cast of nearly 50
singers, dancers and all-
round entertainers, Broad-
way in Concert 2010 kicks
of in Grand Bahama tomor-
row night.

Directed by the original
‘Dutch Diva’, Marjoke
Twiest, this is the third
installment in the popular
Broadway in Concert series.

Talented tap dancers Tony
Lowe, Julia Geiger and
Devan Chee-A-Tow bring
youthful delight to the Fred
Astaire classic ‘Singin’ in the
Rain’, and Rouen Robinson
leads a colourful chorus of
kids in his amazing techni-
colour dream coat for Sir
Andrew Lloyd Webber’s
‘Any Dream Will Do’.

Tiffany Dennison and
Trevor Russell trade musi-
cal barbs in a hilarious ren-
dition of ‘Anything You Can
Do I Can Do Better’.

Eddie Llambias will have
the audience members
laughing as he wrestles with
his pink feather boa in ‘I Am
What I Am’. And Dalia
Feldman will teach the audi-
ence how to be ‘Popular’ in a
delightfully quirky number
from the hit musical Wicked.

A team of athletic and
talented dancers will strut
their stuff in “Too Darn Hot’,
‘Hallelujah’, ‘There's No
Business Like Show Busi-
ness’, ‘Mein Herr’, and many
more. The latter number
many will recognise from the
long-running musical
Cabaret.

With choreography by
well-known Grand Bahama
dance instructors and chore-
ographers Jullion Collie,
Lois Seiler and Stephan
Cartwright, the moves

Society of Trust & Estate Practitioners (Bahamas)

fy compuraction with

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steps spot-on.

Old-time gospel morphs
into modern rap with the
choir’s version of ‘O Happy
Day’ followed by ‘Joyful
Joyful’. ‘Get down with G-
O-D’, sung by some school-
age rappers and a Janet
Jackson instrumental lick,
will have even teenagers in
the audience clapping along
in no time.

Broadway in Concert
starts tonight and runs until
Saturday at the Regency
Theatre; each night the per-
formance starts at 8pm.

There will also be a spe-
cial Sunday matinee when
the curtain goes up at 3pm.







ROUEN ROBINSON leads a colourful chorus of kids in his
amazing technicolour dream coat in ‘Any Dream Will Do’.

DAPHNE FOX and the young
dancers recall the 1960s hip-
py era in ‘Aquarius’ from the
musical Hair.

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THE TRIBUNE

THURSDAY, APRIL 15, 2010, PAGE 9

Ninth Annual Texaco

Speech competition
(lates are announced

UNDER the theme “Shift-
ing Gears with Texaco for a
Safer Bahamas”, Chevron
Bahamas is once again run-
ning its premier community
outreach programme for
young Bahamians this year.

The 9th Annual Texaco
Speech Competition has been
set for April 28 to May 1, and
will again offer valuable schol-
arship prizes for top finishers.

District sales manager of
Chevron Bahamas Ryan Bain
said that for years the com-
pany has been committed to
actively promoting road safe-
ty education, and the Texaco
Road Safety Speech Compe-
tition remains an excellent
way of doing so.

He noted that while
emphasising road safety, the
initiative also provides young
Bahamians with an opportu-
nity to display their talents
and community spirit, as well
as sharpen their communica-
tion skills, gain national expo-
sure and make valuable new
contacts,

“As Chevron’s primary
objective in sponsoring the
Texaco Safety Speech Con-
test is to contribute to the
quality development of
Bahamian youth, the top
three finishers will be award-
ed academic scholarships to
the school of their choice in
the following amounts:
$10,000 overall winner; $6,000
second place and $3,000 third
place.

“As an added encourage-
ment to higher achievement,
the first place winner will also
serve as Texaco’s Safety
Spokesperson for one year
and sit on the National Road
Safety Committee. All partic-
ipants will receive a trophy
and a certificate of participa-
tion,” he said.

Also on hand for the launch
of the programme were rep-
resentatives of the major part-

ners and sponsors of the
Speech Competition, includ-
ing Toastmasters, the Higgs
and Johnson law firm and
Scotiabank.

Toastmasters has once
again taken on the responsi-
bility of overseeing the judg-
ing and that the immediate
past district governor will
function as chief judge.

Anthony Longley, Division
I (Bahamas) Governor Toast-
masters International, said
that his association was
pleased to be a part of the 9th
Annual Texaco Speech Com-
petition.

Launch

He said that the Toastmas-
ters were initially invited in
2002 to assist in the launch of
what he referred to as a
“dynamic programme” and
noted that partnering in the
initiative was a good fit for
them.

“Toastmasters is a pro-
gramme that assists in the
development of communica-
tion and leadership skills.
Through our youth leadership
programs we are able to reach
out to the youth and assist
them in becoming leaders in
our country,” Mr Longley
said.

“Our judges are all pre-
pared and we are looking for-
ward to preparing the contes-
tants for what is to come.”

Leah Davis, senior market-
ing manager of Scotiabank
(Bahamas), was equally
enthusiastic in speaking of her

ster



Ae 4











RYAN BAIN, district sales manager for Chevron Bahamas announced the 9th Annual Texaco Speech Competition during a press confer-
ence held at the company’s head office on Thompson Boulevard. Pictured (I-r) are Leah Davis, senior marketing manager for Scotiabank
(Bahamas); Anthony Longley, Division | (Bahamas) Governor, Toastmasters International; Tara Archer, partner in Higgs and Johnson, and

Mr Bain.

bank’s contribution.
“Supporting the advance-
ment of education and litera-
cy is a priority for Scotiabank,
so we are both proud and
pleased to have been invited
to partner with Chevron
Bahamas in hosting the 9th
Annual Texaco Road Safety
Speech Competition. As the
premier speech competition
in the Bahamas, it brings
together the country’s top
young speakers within New
Providence and the Family
Islands competing for the
covenant title of Texaco
National Youth Safety
Spokesperson,” she said.
Tara Archer, a partner in
Higgs and Johnson, said her
law firm remains committed
to the Chevron Speech Com-
petition initiative because it
provides support to outstand-
ing scholars and impacts the
community positively.

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PAGE 10, THURSDAY, APRIL 15, 2010 THE TRIBUNE
LOCAL NEWS

ARTHUR HANNA SAYS FAREWELL AS GOVERNOR GENERAL _











Tia







‘el ¥ | '
a t=, = gf , NEWLY APPOINTED Governor General Sir Arthur Foulkes
aT 4 F i dl = i speaks yesterday.

rthur Hanna performs his final duties yesterday at Goverment House.

Felipé Major/Tribune staf

ae

a\



a







THE CANNONS are fired in a 21-gun salute











ABOVE: Outgoing Governor General Arthur Hanna inspects
the Guard of Honour yesterday at Government House for the
swearing-in ceremony of Sir Arthur Foulkes as the eighth
Governor General.

LEFT: Prime Minister Hubert Ingraham and Deputy Prime
Minister Brent Symonette, along with other Cabinet mem-
bers and their wives, enjoy a light moment during the 21-
gun salute for the swearing in ceremony of Sir Arthur
Foulkes as the eighth Governor General yesterday at Govern-
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THE TRIBUNE
LOCAL NEWS

THURSDAY, APRIL 15, 2010, PAGE 11








Parli





By ALISON LOWE
Tribune Staff Reporter
alowe @tribunemedia.net

POMP and pageantry
prevailed yesterday as Par-
liament Square was trans-
formed for a short cere-
mony which marked the
official opening of the new
session of parliament fol-
lowing a three-week pro-
rogation, or suspension, of
the country’s legislative
body.

Attending the ceremony,
which necessitated the clo-
sure of Bay Street during
the proceedings, were hun-
dreds of guests who came
to hear newly appointed
Governor General Sir
Arthur Foulkes outline the
FNM government’s plans
for the remainder of its
term in office.

Sir Arthur provided the
traditional insight into the
government’s plans accord-
ing to the usual ceremonial
procedures, reading the
Speech from the Throne
seated against a regal red
backdrop in front of the
statue of Queen Elizabeth
IJ in the square itself.

Hundreds of public offi-
cials, their families and oth-
er invited guests listened
as he read the 15-minute
speech.

Many of men attending
the ceremony men were
wearing coattails and the
ladies were decked out in
gloves, hats and elaborate
pearl necklaces.

The Speech from the
Throne read by Sir Arthur
outlined the government’s
intention to introduce leg-
islation to address a vari-
ety of matters, ranging
from crime, to the courts,



















Photo/Patrick Hanna



â„¢ 1 f = | al

CABINET MINISTERS, Senators, Senior Government officials, members of no Merecay PURO invited Coes Proce the Opening of Parliament.

CP]

—_



=

new session of

amen

TIM CLARKE/TRIBUNE STAFF

to land ownership, freedom
of information, financial
services, health, education
and training, the public ser-
vice and the environment.

Sir Arthur said the leg-
islative agenda is an “ambi-
tious” one of “modernisa-
tion and reform”.

“My government is firm-
ly committed to the thor-
ough modernisation of gov-
ernment and the delivery
of improved public ser-
vices.

“The spirit and urgency
of reform drives and
informs my government’s
responses to the fervent
dreams and pressing needs
of the Bahamian people.

“My government’s vision
is built on the ideals of
opportunity and responsi-
bility, fairness and equality,
accountability and trans-
parency,” said Sir Arthur.

Just before Sir Arthur
read the notably brief
speech, the lower chamber
of parliament, the House
of Assembly, welcomed
into the fold newly-elect-
ed MP for Elizabeth, Leo
Ryan Pinder, and the
upper chamber, the Sen-
ate, saw the swearing-in of
Senator Michael Pintard.

Following the reading of
the Speech from the
Throne, which won some
encouraging cheers from
the audience at several
points, the national anthem
was played by the Royal
Bahamas Defence Force
band and Sir Arthur, fol-
lowed by MPs and Sena-
tors, walked through Raw-
son Square and onto Bay
Street, where members of
the public and tourists had
gathered to watch and
cheer.









NEWLY APPOINTED Governor General Sir Arthur Foulkes receives the Speech from the Throne from Prime Minister Hubert Ingraham.



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PAGE 12, THURSDAY, APRIL 15, 2010

Wyndham to

honour National
Children’s Choir

By ERIC ROSE

THE Bahamas National
Children’s Choir will
receive a special honour
from the Wyndham Nassau
Resort and Crystal Palace
Casino when it headlines
the 2010 Gospel Concert
Series opening perfor-
mance at the Rainforest
Theatre at 7.30 pm on Sun-
day.

“We are very thrilled to
be able to launch this
Gospel Concert Series and
be able to celebrate at the
same time and recognise
the Bahamas National Chil-
dren’s Choir,” said Wynd-
ham Nassau Resort assis-







tant general manager Mark
Hawken said at a press con-
ference.

“The Bahamas National
Children’s Choir is very
happy to be a part of this
concert series and actually
to get it launched,” said
choir director and co-
founder Patricia Bazard.

Happy

“We are all very happy
and honoured you have
chosen our choir to be a
part of this inaugural con-
cert Sunday afternoon.”

Director of Culture in the
Ministry of Youth, Sports

*Loving Angels Pre-

“Soning Feat’

It will be fun for the whole family.

There will be lots of games,
balloons, face painting, clowns
and a bouncing castle.

Drinks and Pastries will be on sale!
DON’T MISS IT.

and Culture Dr Linda Mox-
ey Brown congratulated the
Wyndham Nassau Resort
on behalf of her ministry
for taking the initiative in
honouring the national chil-
dren’s choir in this manner.

Also performing that
evening is the award-win-
ning Bahamian gospel
group Shaback.

Mr Hawken explained
that many Bahamians
already come into the hotel
for Sunday brunch at the
Seaside Buffet and that the
resort wants to expand on
that by bringing the com-
munity into the resort
through the Gospel Series.

“Tt is an idea that we are







G.G.Y.A., the Governor General’s Youth Award, the Duke of
Edinburgh’s Award, whatever you know it as, was what opened up
an incredible opportunity for me - the opportunity for me to go to
the United World College of Southern Africa in Swaziland. Those
two years in that country I will never forget. I know it must have
been because I did GGYA that I was accepted into the United World
College Programme by the Bahamian National Committee. I say this
because GGYA is such a strong programme itself. A programme
that is known to challenge you, known to bring out the best and
worst in young people. People don’t admire GGYA for nothing, it’s
not just camping and hiking, that part may be considered easy. I think
the hard part is when you have to work with other people in order
to be successful. When you have to unify your group, leave behind
your selfishness, be willing to compromise. Things like these are what
will really improve a person and what will stay with them for life.

I don’t know if the other United World College applicants were part
of GGYA but I know that my grades weren’t as good as other people’s.
I wasn’t a school prefect, I wasn’t part of a lot of other school clubs
so all I can think of is that GGYA made up for all of these things.

Catherine Henderson





THE TRIBUNE





Ihe:
ea ‘

THE WYNDHAM NASSAU RESORT and Crystal Palace Casino announced that the inaugural perfor-

ce




Derek Smith/BIS




mance for the 2010 Wyndham Gospel Concert Series will be headlined by the award-winning Bahamas
National Children’s Choir at the Rainforest Theatre this Sunday. Pictured from left: Director of Culture
Dr Linda Moxey Brown; Wyndham Nassau Resort Activities and Entertainment manager Wilfred
Mullings; Wyndham Nassau Resort assistant general manager Mark Hawken; Bahamas National Chil-
dren’s Choir director and co-founder Patricia Bazard and assistant director Alfred Dean.

able to launch. (When) we
first discussed having this
we naturally wanted to
look to the community to
see who would be interest-
ed in participating and nat-
urally the Children’s Choir
was at the top of our list,”
he said.

Mrs Bazard said the choir
recently returned from
Prague, where it attained
the Bronze Level Award at
the young 2010 Prague
competition.

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She added that although
it was not the first time the
children competed in inter-
national chorale competi-
tions, it was wonderful for
the choir to be there this
year.

Dr Moxey Brown also
congratulated the choir’s
directors for a “job-well
done” in Prague.

“For our children to be
exposed to music around
the world and competition
around the world says a
whole lot for what Mrs
Bazard and her team have
been doing over the years,”
Dr Moxey Brown said.

“We want to commend
all of the boys and girls in
the National Children’s
Choir for a job well done
and we do pray God’s
blessings on them as they
continue to strive for excel-
lence.

“I want to appeal to the
appeal to the greater audi-
ence out there to come out

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children
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on this Sunday to come out
and show your support and
your love for our young
people as they continue to
enhance the gifts and tal-
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them with,” Dr Moxey
Brown added.

Initiative

“And I want to say again
‘hats off’ to the manage-
ment and team here at
Wyndham Resort to taking
this initiative to honour our
young people in this way.

“Our ability to offer a
large stage and a large
venue for the community
to come and be able to
share with the National
Children’s Choir and see
their incredible perfor-
mances that have been
recognised around the
world, I think, is a great
opportunity for all to come
in and participate.”

















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PAGE 14, THURSDAY, APRIL 15, 2010

LOCAL NEWS

THE TRIBUNE

0 =
Sir Arthur Foulkes sworn
in as Governor General

FROM page one

resigned from the post.

During the ceremony, Prime
Minister Hubert Ingraham
praised Sir Arthur for his fight
for political and social change in
our country.

"For more than five decades
you have been a commanding
presence and your contribution
has been of great magnitude.
You rose out of Mathew Town,
Inagua, and cut your political
teeth in the struggle for major-
ity rule.

"A professional journalist by
trade it was perhaps only nat-
ural that you became the
founding editor of Bahamian
Times, a publication which
played a pivotal role in the
campaign for majority rule and
economic and social justice,"
said Mr Ingraham.

Sir Arthur thanked the prime
minister for "the confidence he
has reposed in me, for his
friendship and goodwill and for
his kind words this morning."

He also thanked his wife,
Joan, his children and his fam-
ily for "their love and gen-
erosity over the years" and the
sacrifices they made while sup-
porting him through public
life.

He also thanked the Bahami-
an people for giving him the
opportunity to serve in public
office for several decades.

He noted the integrity of
those who held the post before
him, including his immediate
predecessor Arthur Hanna, and
promised to do his best to “live
up to what they and the
Bahamian people would expect

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SIR ARTHUR FOULKES is sworn in yesterday.

from one holding this high
office.”

Born in Mathew Town,
Inagua on May 11, 1928, Sir
Arthur was educated at public
schools in Mathew Town and
in Nassau and first worked at
The Nassau Guardian as a lino-
type operator and proof-reader.
He joined The Tribune as a
linotype operator in 1948 and
took up journalism under the
tutelage of Editor and Publish-
er Sir Etienne Dupuch who
made him a reporter and later
appointed him news editor of
The Tribune.

He was the founding editor
of the Bahamian Times, the
official organ of the Progres-
sive Liberal Party from 1962 to
1967 and later penned columns
for both The Guardian and The
Tribune.

Sir Arthur was one of the
founders of the National Com-
mittee for Positive Action, a
think tank and activist group
within the PLP which support-
ed the leadership of Sir Lyn-
den Pindling and contributed
significantly to the achievement
of Majority Rule.

He drafted the PLP's peti-
tion to the United Nations
Committee of Twenty-four (on
decolonization) and was a
member of the delegation that
presented the petition in 1965.
Sir Arthur wrote many political
documents over the years and





contributed to the manifestos
of both major political parties.
He drafted the first platform of
the Free National Movement
in 1971.

Sir Arthur was one of the
Dissident Eight who rejected
the leadership of Sir Lynden in
1970 becoming a founding
member of the Free National
Movement in 1971.

He was appointed to the Sen-
ate in 1972 and 1977 and was
re-elected to the House of
Assembly in 1982.

In 1992 Sir Arthur entered
the diplomatic service of The
Bahamas as High Commission-
er to the United Kingdom (res-
ident in London) and Ambas-
sador to France, Germany,
Italy, Belgium and the Euro-
pean Union.

In 1999 he was appointed the
first Bahamas Ambassador to
the People's Republic of China
and Ambassador to the Repub-
lic of Cuba. He was made a
Knight Commander of the
Order of St Michael and St
George by Queen Elizabeth in
the 2001 New Year's honours
list.

After the FNM returned to
power in May 2007, Sir Arthur
was appointed as director gen-
eral of Bahamas Information
Services, the government's
news agency, and also as
Deputy to the Governor Gen-
eral.

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PAGE 16

THE TRIBUNE
THURSDAY, APRIL 15,



2010




INSIDE ¢ International sports news





owles and Soares set for second
round in Monte Carlo Rolex Masters

By RENADO DORSETT
Tribune Sports Reporter
rdorsett@tribunemedia.net

INACTIVE in round one
after receiving a first round
bye in the Monte Carlo Rolex
Masters, Mark Knowles and
new partner Bruno Soares will
now face home court
favourites in an eagerly antic-
ipated round two matchup.

Knowles and Soares will
square off against French wild
cards Richard Gasquet and
Jo-Wilfried Tsonga in round
two this afternoon.

Gasquet and Tsonga edged
past Spaniards Marcel Gra-

hk
Autise Mortimer






Master

nollers and Tommy Robredo
2-6, 6-4, 10-7 in a three set
thriller.

Gasquet has reached the
final of the event in 2007
alongside countrymen Julien
Benneteau, however finished
runner-up to Bob and Mike
Bryan.

Knowles has experienced
recent success in the event,
when he reached the final in
2008 with Mahesh Bhupathi.

The duo fell to Spaniards
Rafael Nadal and Tommy
Robredo.

Gasquet and Tsonga are
making their team’s fourth
appearance in an ATP World

Mortimer continues to excel in

By RENADO DORSETT
Tribune Sports Reporter
rdorsett@tribunemedia.net

ALTHOUGH the Newber-
ry College Women’s Tennis
team is still struggling, Autise
Mortimer continues to string
together a series of impressive
individual performances.

2 ah

Geile




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Tour main draw event while
Knowles and Soares team for
the first time this year.
Knowles’ original partner
on the year, American Mardy
Fish, incurred a hip injury and
will be forced out of action
until the Australian Open.
The duo has experienced a
number of setbacks during the
season due to injury.
Knowles missed the entire
Australian hard-court season
and reaggravated a calf injury
in his return to the court in
Memphis.
Knowles was forced to
search for a partner at the
11th hour and was able to

Mortimer recorded her
fourth consecutive win in her
team’s latest outing, but the
Indians fell to Augusta State
University, 8-1.

Mortimer’s win over Victo-
ria Lindqvist proved to be
Newberry’s lone win of the
lopsided match.

She also appeared in dou-
bles alongside Ammada Sim-
mons, but fell to the duo of
Bianca Machado and Marina
Ferreria, 8-0.

Mortimer has enjoyed a
productive month of April
with an individual record of
4-1 thus far.

She began April Ist, in the



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team with Soares, a former
semifinalist at the doubles
draw at the French Open.

When they were able to
take the court, Knowles and
Fish were ranked eighth on
the tour’s doubles rankings.

They have reached a record
of 3-3, with their best finish, a
semifinal lost in Memphis on
March 15th.

In other first round
matchups yesterday, Eric
Butorac and Michael
Kohlmann defeated Guiller-
mo Garcia-Lopez and Stanis-
las Wawrinka 6-3, 6-0.

In their first clay-court
appearance since capturing

match against Wingate Uni-
versity with a win over Kara
Stasikelis, 6-2, 6-3, Newberry’s
lone win of the match.

Mortimer again recorded
her team’s lone win in a match
against Lenoir-Rhyne, April
9th, with a win over Kelsey
Love, 6-2,6-2.

The month’s win total
reached three, in the matchup
against Tusculum, April 10th,
when Mortimer took a 7-5, 6-2
win over Katelyn Doss.

The streak ended in New-
berry’s next match when she
suffered a lopsided loss against
Erika Pinate of Mars Hill, 6-2,

the Roland Garros title, No. 3
seeds Lukas Dlouhy and
Leander Paes were upset by
Spaniards David Ferrer and
Marc Lopez 6-3, 6-2.

Dlouhy and Paes, who won
hard-court title at the Sony
Ericsson Open two weeks ago,
had reached the semi-finals
last year on their debut at the
ATP World Tour Masters
1000 tennis tournament in
Monte-Carlo.

Fourth seeds Wesley Mood-
ie and Dick Norman, the 2009
French Open runner-up,
advanced with a win over Ser-
bians Novak Djokovic and
Viktor Troicki 2-6, 6-4, 10-8.



Mark Knowles

singles competition

6-0. Mortimer has a record of
7-3 in her last 10 matches and
leads her team with a record of
9-6 overall, 4-4 in conference
play.

She has two doubles victo-
ries, once paired with Amada
Simmons (1-6) and the other
with Stephanie Matthews (1-
7).

As a senior leader on the
team, Mortimer has shoul-
dered the load as no other
member of the team’s roster
has recorded more than three
individual wins.

Newberry has an overall
record of 1-14 and remains

without a win in the confer-
ence or the region.

Their lone win came at
home against Columbia, Feb-
ruary 23, when they edged out
a 5-4 win.

In the match, Mortimer was
apart of two wins; in doubles
with Simmons when they
defeated Lilit Martirosyan and
Danielle Cupid, 8-6; and in sin-
gles when she defeated Mar-
tirosyan, 6-2, 7-5.

The Indians ended the sea-
son yesterday in a match
against Converse College,
however results were unavail-
able at press time.



Applicants must:

Same,





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TRIBUNE SPORTS THURSDAY, APRIL 15, 2010, PAGE 17
SPORTS





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PAGE 18, THURSDAY, APRIL 15, 2010

SPORTS

TRIBUNE SPORTS



Barcelona heat
Deportivo La
Coruna 3-0

SOCCER
MADRID
Associated Press

BARCELONA edged
closer to the Spanish title
with a 3-0 victory over
Deportivo La Coruna at the
league leader's Camp Nou
Stadium on Wednesday.

Barcelona now has 83
points, while second-place
Real Madrid is on 77 before
its match against Almeria on
Thursday. Valencia is third
on 56 with Mallorca fourth,
four points behind.

Barcelona's 19-year-old
striker Bojan Krkic opened
the scoring in the 15th
minute when he collected a
precise Xavi Hernandez pass
in the penalty area and fired
home.

The Catalan team pushed
forward with several fast-
paced attacks as the second
half began, with Lionel Mes-
si shooting just over the bar
and Pedro Rodriguez send-
ing a shot just wide minutes
later.

Barcelona's second goal
arrived in the 68th minute
when goalkeeper Victor
Valdes made a clearance
which Rodriguez controlled
in midfield before firing a
long-range shot over
Deportivo's defence and
past stranded goalkeeper
Daniel Aranzubia.

Midfielder Yaya Toure
completed the scoring when
he chested the ball down and
spun to smash a right-footed
shot with such force that
Aranzubia could only deflect
it into the top of the net in
the 72nd minute.

In Wednesday's other
games, Walter Pandiani
scored twice to give Osasuna
a 2-2 draw with Malaga
while Xerez won 2-1 against
Atletico Madrid, Racing
Santander beat 10-man
Espanyol 3-1 and Zaragoza
drew 1-1 with Mallorca.

Pandiani opened the scor-
ing for Osasuna when he
volleyed home in the 10th
minute after Javier Camunas
provided a chest-high cross.

Malaga equalized in the
31st minute when Osasuna
goalkeeper Ricardo Lopez
tried to make a clearance
but the ball hit his defender

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Jose Urtasun in the back
before falling at the feet of
Salvador Caicedo, who
scored with an open goal.

Pandiani hit Osasuna's
second in the 48th minute
after controlling the ball and
timing his shot to wrong-foot
goalkeeper Gustavo Munua.

However, Malaga mid-
fielder Nabil Baha rose to
send in a powerful header
which Lopez was able to
parry, only for Baha to
pounce on the loose ball to
make it 2-2 in the 76th
minute.

Xerez striker Mario
Bermejo gave his side the
lead when he leapt to head a
long ball over goalkeeper
David de Gea Quintana's
head in the ninth minute.

Atletico's Diego Forlan
hit a powerful right-footed
shot just below the crossbar
from outside the penalty
area to level in the 12th
minute.

But Emiliano Armenteros
scored Xerez's winner and
his second goal of the sea-
son in the 72nd minute.

Mallorca settled for a
draw despite defender
Ruben Rocha rising to head
home a cross from Borja
Valero in the 15th minute.

Zaragoza's Chile striker
Humberto Suazo beat Mal-
lorca's Israeli goalkeeper
Dudu Aouate with a skilful
lob in the 22nd minute to
equalize.

Espanyol made a good
start to its game when strik-
er Ivan Alonso scored his
fifth goal of the season in
the 32nd minute.

But Santander's
Mohamed Tchite converted
a penalty in the 36th minute
and Espanyol’s Cameroon
goalkeeper Idriss Kameni
was sent off at the start of
the second half after fouling
Pedro Munitis in the area
without making contact with
the ball.

Santander captain Munitis
was stretchered off the pitch
with a left knee injury, while
Kameni will be suspended
for this weekend's game
against Barcelona as a result.

Tchite scored from the
resulting penalty and
Manuel Arana made it three
for Santander in injury time.

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FC Barcelona's Lionel Messi from Argentina, foreground, duels for the ball against Deportivo Coruna's Alberto Lopo, left, and Adrian
Lopez during their Spanish La Liga soccer match at the Camp Nou stadium in Barcelona, Spain, Wednesday, April 14, 2010.

Wade, O'Neal, Haslem out for Heat finale

BASKETBALL
MIAMI
Associated Press



AFTER the 80th Miami Heat game of the season, Dwyane
Wade and Udonis Haslem had so many icebags strapped to
their bodies in the postgame training room that coach Erik
Spoelstra did a double-take.

So for the 82nd and final game, Spoelstra — mindful of see-
ing his captains packed in ice — gave them the night off.

Let the playoff preparations begin.

Although Wade said he wasn't being held back by any injury,
he, Haslem and Jermaine O'Neal all sat out Wednesday's
game against the New Jersey Nets. The move wasn't surprising
even though the game had plenty of meaning for the Heat, who
came into the final day not yet knowing if they're heading to
Atlanta or Boston for the first two games of the playoffs.

"We legitimately have guys that are banged up and they
can really use this rest,” Spoelstra said. "If this extra day can
help, if at all, it really was an easy decision. I think this day,
today, was critical. They're spending a lot of time, not only rest-
ing but getting treatment."

James Jones was slotted into the lineup in Wade's place.

AVAILABLE N

Joel Anthony started again for O'Neal, who has been bothered
by ankle and knee problems for the past couple weeks. Haslem
is Miami's top reserve.

Wade said it was a "mutual" decision to give him the night
off. He will finish the year as the league's fifth-leading scorer,
at 26.6 points per game.

"IT mean, it's a great season," Wade said. "One more game
left. It's going to be a good night to give a lot of guys an oppor-
tunity to play that's worked very hard. Now we can prepare for
the playoffs, something that we're all excited about."

The Heat will finish the season as either the No. 5 or No. 6
seed in the Eastern Conference. A win over the Nets on
Wednesday would lock up No. 5, sending Miami into a first-
round series against Boston.

Should Miami fall to No. 6, it would face Atlanta in the first
round for the second straight season. The Hawks won in seven
games a year ago.

"Guys are banged up,” O'Neal said. "I mean, guys have
been playing over the last month with multiple injuries and stuff
like that, so I think it’s important to get ready. The people
that are questioning the rest, how would they feel if some-
body went out there tonight and got hurt and couldn't play in
the first round? I think we have a team that has enough rhythm

to play. "

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THE TRIBUNE

THURSDAY, APRIL 15, 2010, PAGE 19

LOCAL NEWS

Cabinet to review report on Freeport
Container Port actions in tornatlo

FROM page one

presenting the report to
Cabinet and afterwards we
will have a public (discus-
sion)," he told The Tribune
yesterday.

However, he declined to
comment on the particulars
of the report and would not
say when it would go to Cab-
inet or be publicly released.

The Tribune was told that
the Department of Labour's
own investigation into health
and safety regulations at the
FCP is still continuing.

Tyrone Gibson, deputy
director of the Department
of Labour who oversees the
Grand Bahama office, said
the agency had dispatched
two labour officers to inter-
view staff and officials at the
site.

Their report is still in the
process of being finalised, he
said, and may require future
visits to the FCP.

"We haven't finished the
completion of our report, we
are trying to sort out the
information we would have
gathered and determine with
respect to future visits," he
said from his office in Grand
Bahama.

When asked what, if any,
recommendations would be
made to the FCP in the
wake of his department’s
investigation, Mr Burrows
said: "We have a copy of the
Container Port's safety
handbook and from my first
cursory glance it seemed to
cover almost everything. We
are just trying to determine
as best we can whether or
not those procedures were
in fact put in place on that
day (of the tornado).

"Any recommendations
will be firstly made to the
Container Port on how they
can improve safety, and if
necessary, to the Minister (of
Labour) as to how legisla-
tion can be enhanced to
cause greater safety mea-
sures to be put in place at
any work place."

This update comes as
Opposition chairman
Bradley Roberts demanded
that government "immedi-
ately make public the find-
ings of the Ministry of
Labour investigations and
any recommendations with-
out further delay.”





Mr Roberts claimed that
a lack of emergency
response material hindered
FCP employees from extin-
guishing a reported fire at
crane number four at the
container transshipment hub
around 3am on Tuesday.

"It was claimed that there
was no fire extinguishers
available in the immediate
area of the fire. A small
extinguisher was eventually
found and the fire was extin-
guished. The story did not
end there as I was advised
that the battery in the fire
truck was found to be dead
and the ambulance needed
to be refurbished," said Mr
Roberts in a statement.

He added that these
claims, coupled with allega-
tions that the company’s
health and safety standards
were not adhered to when
the tornado killed three
workers on March 29, again
raised "the serious question
of safety in the work place at
the FCP".

However, Sherry Brookes,
FCP's corporate affairs man-
ager, yesterday refuted the
claims about a fire, saying,
"I have no clue where that
information came from. We
have not had a fire at the
Freeport Container Port.”

She would not comment
when asked if there were any
improved safety regulations
in place at the facility since
the fatal tornado swept
through the FCP, killing
Michael Young, 43, Cleve-
land Lowe, 49, and Shawn
Saunders, 23, who were
working on gantry crane
number 10.

Four other employees
were injured during the tor-
nado.

¢ SEE PAGE THREE





Man dies after being shot
FROM page one

At around noon yesterday, Police Fire Services officers
responded to a fire on Stew Fish Drive off Carmichael Road.

They arrived at the scene to find a building engulfed in flames.

No one was hurt, but the building was severely damaged and
a vehicle was completely destroyed before the officers could get
the blaze under control.

Police are investigating these incidents.

Share your news

The Tribune wants to hear
from people who are
making news in their
neighbourhoods. Perhaps

you are raising funds for a
good cause, campaigning
for improvements in the
area or have won an
award.

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







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WAP UES
TAIT

in $258k tax
ENR:

* US citizen pleads guilty
to using Bahamian
nominee corporations to
conceal income via Swiss
banking giant

* Aided by former UBS
Bahamas employce who
may still be working in
this nation

By NEIL HARTNELL

Tribune Business Editor

A US citizen has pled
guilty to using Bahamian
nominee corporations and
bank accounts at UBS
(Bahamas) to evade paying
$257,597 in federal taxes,
via a scheme allegedly
assisted by a former
employee at the Bahamian
institution who may still be
working in this nation.

The US Attorney for
Florida’s southern district
yesterday announced that
Paul Zabczuk, a Texas-
based consultant for oil-
related chemical deals, had
pled guilty to filing a false
tax return by failing to
declare, in 2004, his owner-
ship interest in accounts
held at Switzerland’s
largest bank. The value of
the assets held in offshore
UBS accounts peaked at
$529,194,

The statement of facts
attached to Zabczuk plea
agreement, a copy of which
has been seen by Tribune
Business, said: “From 1999

THE TRIBUNE

dD U





©
|

THURSDAY,

APRIL

ei



2010

SECTION B « business@tribunemedia.net

$80m investor pledges $40m write-off
end to hotel ‘shambles’ at Bahamasair

* Hedge fund promises to ‘end impasse’ at South Ocean for
the benefit of Bahamian people
* Former managing partner ordered to repay $3m

* But blasts arbitration decision as ‘unfair and unfounded’

By NEIL HARTNELL
Tribune Business Editor

The $867 million South
Ocean redevelopment’s new
managing partner yesterday
pledged to “end the impasse
in this project” for the ben-
efit of the Bahamian peo-
ple, after an International
Arbitration Tribunal ruling
blasted its predecessor for
leaving the development in a
“shambles”, ordering it to
repay almost $3 million.

In a hard-hitting ruling,
the three-man review panel
ordered RHS Ventures and
its principal, Roger Stein, to
repay more than $2.9 mil-
lion to the New South
Ocean project and its new
managing partner, Con-
necticut-based hedge fund
Plainfield Asset Manage-
ment, and its Seaside
Heights investment vehicle.

The Tribunal ordered Mr
Stein and RHS Ventures to

reimburse the project with
some $1.262 million, which
had allegedly been used to
fund his personal expenses,
including “$761,000 for villa
and yacht rentals and
expenses”, and $251,000 for
private plane travel”.

And RHS Ventures and
Mr Stein were ordered to
pay a further $558,186 for
“overpayments of develop-
ment fees and acquisition
fees”, with another $1.1 mil-
lion required to cover asum
“improperly credited” to
RHS Ventures’ equity
account. The Tribunal ruled
that Mr Stein and RHS
should “earn” their equity.

Mr Stein did not respond
to Tribune Business’s e-
mailed list of questions, hav-
ing earlier sent a message
saying he was too busy to
take a phone call, but ina
one-line statement issued
earlier, he and RHS Ven-
tures said: “We believe this

Banks ‘may have
seen the worst’
over bad loans







ruling is unfair and unfound-
ed, and we will explore
every possible option to
inject the truth into this mat-
ter.”

Steven Segaloff, Plain-
field’s deputy general coun-
sel, and managing director
for Seaside Heights and Sea-
side Heights GP, the latter
of which holds its invest-
ment in the South Ocean
project, told Tribune Busi-
ness in a statement that the
hedge fund had some $80
million invested in the
southwestern New Provi-
dence development to date.

He said: “The decision is
an overwhelming victory for
Plainfield and Seaside
Heights, and the decision
speaks for itself.

“After careful consider-
ation, the Arbitration Panel
(which included two former

SEE page 3B







Money Safe,
Money Fast, 3

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PNY EA wa mas

{* Hank af The Ralamas

Shite at
EHRs PAU ERE es te





Government cleans up flag carrier's
balance sheet by netting off sums owed to it,
including almost $15m in unpaid ticket tax

By NEIL HARTNELL
Tribune Business Editor



The Government has moved to clean up Bahama-
sair’s balance sheet by effectively writing-off more
than $40 million that the flag carrier owed to it and
other public sector agencies, including almost $15
million in ticket taxes.

The financial statements for Bahamasair’s last fis-
cal year to June 30, 2009, which were tabled in the
House of Assembly yesterday, showed that the Gov-
ernment netted off sums owed by/to the national
flag carrier, including this $40.521 million as part of
the $66.483 million subsidy it contributed to keep the
company flying.

Of this $40.521 million, some $25.734 million was
allocated to settle “net amounts due to Bahamas
government agencies and departments” by Bahama-
sair, with a further $14.787 million used to settle
“ticket taxes payable to the Government of the
Bahamas”.

As for the remainder of the Government’s subsidy,
representing actual taxpayer dollars, some $16.511
million was required to enable Bahamasair to meet
payments and obligations to its suppliers.

Another $7.219 million was employed to pay down
Bahamasair’s outstanding loans, both principal and

SEE page 8B







Act ‘precisely’ what

small business needs

Contractors ‘elated’ legislation to regulate
industry included in Speech from the Throne



through 2009, the defen- * Hope $24m February By NEIL HARTNELL

dant owned and controlled | decline in bad credit is Tribune Business Editor

four offshore bank start of ‘positive trend’

accounts located in the * Yet Central Bank warns The Government’s proposed Small and Medium Size

Bahamas and Switzerland. | ‘consumers already in Business Development Act is “precisely what we are look-

Three of the bank accounts | arrears still experiencing ing for” from the public sector to stimulate the growth of

were opened in the name difficulty in making Bahamian-owned companies, the Chamber of Commerce’s

of nominee entities, includ- | payments’ president told Tribune Business yesterday.

ing Bahamian and Pana- * Almost one in every 10 Responding to the announcement of the proposed legis-

manian corporations.” loans non-performing, with lation in the Speech from the Throne, Khaalis Rolle said the
The details on Zabcezuk re category increasing in Tyrac is tom ath Government’s planned legislation would dovetail nicely

were obtained by the Inter ebruary repre rao anor as SEE page SB

nal Revenue Service (IRS)

and US Department of By NEIL HARTNELL PAUL MCWEENEY
Justice via the settlement Tribune Business Editor
they reached with UBS,

where Switzerland’s largest
banking institution agreed
to provide documents on
some suspected 19,000 US
clients who held offshore
accounts with it.

This is the first time that
UBS (Bahamas) has been
named as an institution used
by the bank’s US clients to
evade home country taxes,
although there is nothing to
suggest it did anything

Leading Bahamian
bankers yesterday expressed
hope that the industry “may
have seen the worst” of loan
portfolio deterioration after
credit in arrears contracted
by 2.2 per cent or $24.2 mil-
lion in February, although
it was “too early” to deter-
mine if this was an emerging
trend.

Data released by the Cen-
tral Bank of the Bahamas
showed that the total value

Oe of loans in arrears fell to
epssode, though, and reper” | ¢1 989 billion, or 17.8 per
SEE page 7B SEE page 9B

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Tel: 242-677-TALK (8255) I Fax: 242-677-8256 I Cell: 242-357-7013
mario@mariocareyrealty.com | www.mariocareyrealty.com


PAGE 2B, THURSDAY, APRIL 15, 2010

THE TRIBUNE



The point that gives you power

icrosoft Pow-

erPoint is

one of the

simplest
computer programs to learn,
and is the leading program used
worldwide for presentations.
Anyone can create stunning
professional presentations, but
most of us don’t use it often
enough to learn its many time-
saving tricks.

PowerPoint presentations
can be made into photo albums,
complete with music or narra-
tions, to distribute on CDs or
DVDs.

If you are in the sales field,
just a few simple clicks are
required to add an illustrative
data chart or an organisational
chart of your company’s struc-
ture. It can serve a purpose to
make your presentation into a
web page promotion on a com-
pany's website.

It is easy to customise com-
pany presentations and dazzle
audiences by using one of the
many templates. In addition to
an on-screen slide show, Pow-
erPoint has printing options
that allow the presenter to pro-
vide handouts and outlines for











British Colonial Hilton Hotel

1 THE ART OF




the audience, as well as notes
for the speaker to refer to dur-
ing the presentation.

All in all, PowerPoint is a
‘one-stop-shop’ to create suc-
cessful presentations for the
business world, the classroom
or your own personal use. Here
are some tips for delivering
PowerPoint presentations.

Consistent template:

I have routinely observed
presentations with a random
assortment of fonts, sizes, and
styles on each slide, which can
become very distracting. Pow-

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for the entire month of April
Selected Balls $20.00

SIGH UP FOR CLASSES HOW
CLASSES START MAY i

P.O.Box EE-15827
Nassau, Bahamas
Tal: 242-323-1865

Email: gems-pearls@hatmail.com

Free parking at The Hilton
























Ministry of Education



erPoint makes it easy to apply a
consistent style you can take
advantage of as often as you
wish. Keep it simple and ensure
the text is readable against the
background, and that it isn’t a
busy design competing with the
text.

Less is more:

As a trule of thumb, don’t
pour your entire speech into
your slides, as the idea is to
enhance your overall presenta-
tion, not to replace you. If it
takes more than a few seconds
to process the text on any given
slide, it’s too much.

Test your projection:

Be sure you know how your
laptop connects to the projec-
tor, and ensure the laptop is
fully booted before connecting
the cable.

Ensure your audience
stays awake:

Imagine that you’ve just
returned to your seat from a
training seminar about a com-
pany’s latest product. Lunch
was great, and now you’re set-
tling in for this afternoon’s top-
ic of technical specifications.
The presenter begins in a tired,
flat voice, slide after slide,
which causes you to lean back
in your chair, stifle a yawn and
start to imagine yourself in your
backyard hammock. Wait!
Come back. It’s only an exam-
ple. Your presentations should
always influence others to take
some kind of action, but not
that one! The action might be
to listen carefully and learn new
information. Feel your audi-
ence, know your craft.

Make your
diagrams move:
PowerPoint XP, 2003 and
2007 all have diagramming
capability. You can go a step
beyond your run-of-the-mill

SCHOLARSHIP & EDUCATIONAL LOAN DIVISION
IMPORTANT NOTICE

2010 SCHOLARSHIPS

SCHOLARSHIP TYPE

ALL BAHAMAS MERIT SCHOLARSHIP

NATIONAL MERIT SCHOLARSHIP

NATIONAL ACADEMIC SCHOLARSHIP
NATIONAL TECHNICAL SCHOLARSHIP

NATIONAL GRANT

GERACE RESEARCH CENTRE SCHOLARSHIP
FINANCIAL COMMUNITY ADVANCED TECHNICAL

TRUST SCHOLARSHIP
NATIONAL AWARD / BURSARY
TEACHER EDUCATION GRANT

DEADLINE
APRIL 30, 2010

APRIL 30, 2010
APRIL 30, 2010
APRIL 30, 2010
APRIL 30, 2010

APRIL 30, 2010
MAY 31, 2010

MAY 31, 2010
MAY 31, 2010

Application forms must be properly completed, WITH ALL

REQUIRED INFORMATION ATTACHED and returned
ON OR BEFORE the deadline to the

SCHOLARSHIP & EDUCATIONAL LOAN DIVISION
Shirley Street, Nassau, Bahamas

APPLICATION FORMS RECEIVED AFTER THE DEADLINE
WILL NOT BE CONSIDERED

PLEASE VISIT OR CONTACT THE SCHOLARSHIP & EDUCATIONAL LOAN DIVISION,
MINISTRY QF EDUCATION, SHIRLEY STREET FOR APPLICATION FORMS AND/OR
ADDITIONAL INFORMATION.

APPLICATION FORMS

CAN ALSO BE OBTAINED FROM QUR WEBSITE AT

diagram by adding animation
effects to it. A little movement
goes a long way, but be careful
not to overdo it.

Custom bullets:

We can get bored with bullet
points, but I have to admit that
they serve their purpose. Ideal-
ly, bullet points provide infor-
mation in a succinct, easy-to-
understand format. But did you
know you can add your own
bullet artwork by importing this
into your presentation.

Timing:

Getting the timing of your
presentation right is really more
of an art than a science. If you
set up the presentation to
advance automatically, you run
the risk of going too fast or too
slow. To keep everyone tuned
in, vary the timing in your pre-
sentations so the shorter slides
have less time and the more
text-heavy slides have more
time. Be daring, explore your
savvy and don’t be afraid to
show your best side.

It is advantageous to use one
to two slides per minute of your
presentation and write in point
form, not complete sentences.
Use key words and phrases
only. Include four to five points
per slide, and avoid wordiness.

Play show and tell:

In today’s YouTube era, you
can use video to your advan-
tage in your PowerPoint pre-
sentation. For example, the cell
phone video you captured of
your manager balancing his cof-
fee cup on his head when he
thought no one was looking
(or...maybe not).

A little music, please:

One caveat: sound effects can
be really annoying if they are
overused (especially the dinging
sound of the cash register), so
go easy on the bells and whis-
tles (literally). For your mes-
sage to be most effectively
received, the audience must
hear it, so import some sound
to mark the start of the new
section of your presentation.

To add sound, choose insert
and select sound. You can then
specify whether you want to
add sound from a file or from
the clip organiser. You can also

opt to play music from a CD
(remember to take the CD
when you present!) Or record a
new sound.

Mix it up visually:

Once you have a lock on
your content, you need to think
about the way all the design
elements will work together.
Throw in some stunning, high-
quality photos. We all respond
to images of happy, smiling
people and beautiful land-
scapes.

Printing:

PowerPoint can print hand-
outs or even individual slides
by using Word, which offers
flexibility that is not available to
you in PowerPoint. Consider
handing them out at the end to
avoid the audience paying more
attention to your handouts as
opposed to your presentation.

Reduce file size:
PowerPoint files can be huge
if you send them via e-mail,
which takes a while to upload
and download. Always use spe-
cial software to compress the
file before sending.

Spelling and grammar:

Proof your slides for spelling
mistakes, repeated words,
grammar and errors. If English
1s not your first language, please
have someone else check your
presentation. Make sure your
ideas are crystal clear. Write
the content of your presenta-
tion in outline before you focus
on the design elements.

Fonts:

Use at least an 18-point font,
with different size fonts for
main points and secondary
points. For example: experi-
ment with the main point font
as 28-point, and the title font
as 36-point, and use a standard
font like Times New Roman or
Arial.

Don’t forget the end:

Use an effective and strong
closing. Your audience is likely
to remember your last words,
so use a conclusion slide to
summarise the main points of
your presentation and suggest
future avenues of research.
Professional presentations

include a slide that displays a
simple message, such as ‘Thank
You for Coming’, followed by a
blank slide.

I hope this article helps you
when designing your next pre-
sentation. When it comes to
presentations, it’s often all in
the feel of things, combined
with some creative ‘graphic
know hows’. You'd feel the
‘rights and the wrongs’ as you
design for your audience. For
me, there’s no right or wrong;
it’s that my presentation sends
the right message, the audience
gets it and everyone leaves hap-
py with more knowledge than
they initially had. No, that’s not
true. Designing presentations
plagues me until I feel they are
‘right’.

Be smart and give your Pow-
erPoint presentations that
heartbeat they lack. The tools
are staring at you. Just use
them! Don’t be afraid to make
mistakes and keep practicing.
Until we meet again, live life,
have fun and stay on top of
your game!

READER FEED BACK:

From: Mrs Desiree Clarke
Manager/BTC Customer
Care, JFK

Hello Deidre:

I trust all is well with you
and your family. I just finished
reading your article of the
week, The role of Animation
Graphics.

I have also read several in
the past. I want to again con-
gratulate you on doing an excel-
lent job, educating and inform-
ing the public on graphics.

I was trying to keep the arti-
cles because they are so inter-
esting and full of knowledge
and information.

The articles are very well
written and a pleasure to read.
Keep up the great job you are
doing.

A blessing on everything you
put your hands to.

All the best

Mrs. Desiree Clark/BTC

NB: The author can be con-
tacted at deedee2111@hot-
mail.com

Road Traffic Department

PUBLIC NOTICE

All Franchise Holders

In accordance with the Road Traffic Act
Chapter 220 Statue Laws of the Bahamas,

the

inspection and
Service vehicles will

licensing of All
he carried out in New

Public

Providence and the Family Island’s beginning

3rd May thru Monday,

31st

May, 2010

Owners and Operators of these vehicles must

ensure that the total

numbers of vehicles

covered by their franchise are presented lor
Inspection and Licensing.

Further, all franchise holders must produce
the following documents for Licensing and

Inspection:

1. Valid Insurance
2. Valid Business License

3. Grant Letter

4. Franchise Payment Receipt
5. Bank Certified Cheque, Master or Visa Card

(Only)



TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM
THE TRIBUNE

By CHESTER ROBARDS
Business Reporter
crobards@tribunemedia.net



FAMILY Island hotels are laud-
ing the Ministry of Tourism’s Free
Family Island Fare promotion, with
some owners telling Tribune Busi-
ness they think it could “markedly”
increase foreign and domestic
tourism.

Co-Owner of Gems at Paradise
Private Beach Resort on Long
Island, Shavonne Darville, said even
with an average 40 per cent visitor
occupancy, she is hopeful more peo-
ple will take advantage of the free
airfare.

According to Mrs Darville, her

$80m investor pledges end to hotel ‘shambles’

resort is more reasonably priced than
others in the area, so traditionally
attracted a large amount of Bahami-
ans. However, she is hopeful that
the free airfare, which requires a
minimum four-night stay at partici-
pating resorts, will also boost for-
eign travel to the islands.

“We feel pretty positive and are
hoping it would transcend into busi-
ness for the Family Islands,” said
Mrs Darville.

“The main point (of contention)
was accessibility into the Out Islands,
because it has been quite expensive
to travel to the Out Islands. It’s far
cheaper to fly from Nassau to the
US and back, and given that the
guest will enjoy free airfare [from

Nassau to the Family Islands] it
should be a big plus.”

She said her business’s perfor-
mance has been much the same
compared to last year’s numbers,
and hopes the promotion will herald
an increase in the final three quarters
of 2010.

General Manager of February
Point Resort in Exuma, Matthew
Marco, said Exuma has already
recognised the benefit of increased
airlift with the arrival of Air Canada
last month.

He added that February Point and
other resorts have received some
room nights as a result of the new
airlift, which came as a direct result
of the opening of the new Sandals

Family Island resorts eyeing ‘marked’ boost

Resort. Mr Marco said the resort
had seen a 60 per cent increase in
rentals year-over-year. “We have
seen a marked increase in rental and
property sales, even as a lot of com-
petitors have been bankrupt and
entered into receivership,” he said.
He added that February Point was
excited about the prospects the
promotion will bring to the hotel
and to Exuma. The resort is
expecting 100 per cent occupancy
for the upcoming Exuma Regatta.
General manager of the landmark
resort, Club Peace and Plenty,
Neville Leechoy, said the promotion
was worth a try. He said uncom-
monly long and severe winter weath-
er stunted travel in the first three

FROM page 1B

judges and a highly-regarded
international arbitrator) val-
idated all of the claims by
Seaside Heights against
Roger Stein and RHS Ven-
tures, including RHS Ven-
tures’ removal as general
partner for willful miscon-
duct. We had always felt
that the evidence was over-
whelming in support of the
removal of Roger Stein, and
we are pleased that the
Arbitration Panel fully
endorsed our position.”

Mr Segaloff added: “Sea-
side Heights fully recognises
the importance of the New
South Ocean project to the
people of the Bahamas. To
date, Seaside Heights has
invested more than $80 mil-
lion in this project.

“Unfortunately, as we
alleged (and as the Arbitra-
tion Panel found), the pro-
ject was grossly misman-
aged. Since a new general
partner has been installed,
we look forward to working
cooperatively with the
Bahamian government to
end the impasse in this pro-
ject, recognising the current
difficult economic environ-
ment.”

It is thought that Plain-
field/Seaside Heights will
now seek a smooth transi-
tion from RHS Ventures to
themselves as general/man-
aging partners, but then
require some time to assess
what they have and evalu-
ate the best options for tak-
ing the South Ocean project
forward.

One issue to be settled is
the relationship with the
remaining investment part-
ner, the Canadian Commer-
cial Workers Industry Pen-
sion Plan (CCWIPP), and
its I. F. Propco investment
vehicle, which have been
attempting (unsuccessfully
to date) to foreclose on the
$94 million mortgage deben-
tures they hold on the devel-
opment. Plainfield is also
not facing any claims from
investors in the US.

Plainfield/Seaside have
now filed an application
with the New York State
Supreme Court for the arbi-
tration panel’s aware to be
recognized and enforced.

In its application, Plain-
field/Seaside said that as a
result of entering into a lim-
ited partnership agreement
with Mr Stein and his com-
panies, they had agreed to
invest $43 million in equity

into the New South Ocean
project, plus a further $57
million in debt financing
during the first year.

Alleging that it had invest-
ed some $100 million in the
Bahamian resort develop-
ment, Plainfield/Seaside
alleged: “By summer 2008,
the partnership was in finan-
cial crisis. Stein had failed
to obtain necessary senior
debt financing. Without
senior debt financing, the
resort could not be built and
the land for the project
could not even be pur-
chased.

“Moreover, it became
clear to [Plainfield/Seaside]
that [RHS] did not have
proper controls over the
partnership’s finances and
accounting records......”

Plainfield/Seaside alleged
that its auditor “discovered
numerous red flags, includ-
ing improper related party
transactions, use of funds to
pay family member expens-
es, unexplained cash trans-
fers and lack of supporting
documentation for financial
transactions.

“When Seaside Heights,
concerned about how its
investors’ money was being
used, exercised in Septem-
ber 2008 their contractual

MINISTRY OF EDUCATION

IMPORTANT NOTICE

FINANCIAL COMMUNITY ADVANCED TECHNICAL
EDUCATION TRUST POR BAHAMIASS (1973)

‘DUCAT

Applications are invited from suitable candidates for considenvion for financial Awarls
offered by the above Trust at The Collepe of The Bahamas or ony aecredited Technical or
Community College or University overseas, commencing September, 2010.



right to see the books and
records controlled by Stein,
it discovered a mass of unex-
plained and untraceable
payments and costs.

“The audit revealed clear
evidence of financial impro-
prieties, and the lack of
cooperation by Stein and his
team further confirmed the
conclusion that the general
partner willfully breached
its fiduciary and contractual
duties.”

Mr Stein and RHS Ven-
tures had alleged breach of
contract, breach of fiduciary
duty and a ‘loan to own’
scheme by Plainfield/Sea-
side, seeking $59 million in
damages, but all their claims
were dismissed by the arbi-
tration panel.

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months of the year, hurting business
his resort may have typically
enjoyed.

However, Mr Leechoy said right
now Bahamians and foreigners alike
have a “good deal” coming for them
through the promotion.

“It should be a wonderful pro-
gramme,” he said. “We need to try
everything possible to put heads in
beds.”

He added that confidence is high
that there will be a healthy sign of
recovery when the promotion comes
into full force.

“Tt will be successful if we put our
efforts and energy into it, and make
all the elements fire,” Mr Leechoy
said.

TAYLOR
INDUSTRIES LTD.

111 Shirley Street

re
WILL BE CLOSED FOR

PURSE

Thursday, April 22

Friday, April 23
Saturday, April 24
We regret any inconvenience

this will cause to our
customers.

Requests for service work will
still be accepted.



DOCTORS HOSPITAL

DISTINGUISHED LECTURE SERIES

THIS MONTH'S TOPIC: Cancer Awareness

LECTURE DATE:
Thursday, April 15th, 2010
@ 6PM
DOCTORS HOSPITAL, CONFERENCE ROOM

DOWDESWELL STREET
SEATING IS LIMITED, RSVP 302-4603

The Awards are intended to provide financial assistance for training at advanced level in
areas of technolory where there is vital need for such skills in The Bahamas, Areas of
study include the following:

fn) Automobile, Mechanical and Architectural Engineering
(b) Aviation’ Maintenance
ic) Automobile or Vlarine Maintenance (pas or diese! enpines)
td) Air-conditioning aod refrigeration
Elevator Engineering
Computer Engineering
hiarine Engineering (Coastal Management)
Food Processing and Production techniques
Manufacture of Clothing, Furniture, ete,
ii Craft Production and Boat Building
(k) Radio god Television Technology ass Communication
ih) Medical Technology
im) Crop Science
in} Livestock Science
to) Any other area of technology acceptable to the Selection Committee

Please join us as our guest every third
‘Thursday of the month for this scintillating
series Of the most relevant health issues

affecting society today.

Dr. Wesley Francis
Surgical Oncologist

LECTURE SERIES
Purpose:
‘To educate the public about
the important health issues,
presented by distinguished
physicians.

Successful candidates will be required to pursue a course of study from (1) to not more
than three (4) years leading te a Certificate or Diploma (Mota Degree),

Arthritis & Total Replacement
It is expected that candidates will seek admission to a recognived technical institution of Sc s z Dr. Valentine Grimes
their choice PeCnINES Orthopedic Surgeon
Get your Free Blood
Pressure Cholesterol, and
Glucose testing between

Spin & Gpan.

Candidates shoukl have successfully completed high school education in The
Commonwealth of The Bahamas and showld preferobly have attained BoC. E.
certificates in appropriate subjeccs or completed courses of study in a technical field, The
value of each award will depend upon the cost ancl length of course

Dermatology and Skin Disorders
Dr. Richelle Ramnarine Knowles
Dermatologist

The successful candidates will be expectad te return to The Bahamas on the satisfactory
completion of the course to give the country the benefit of their raining.

RSVP:
To ensure available sealing

Phone: 302-4603

Race)

Men's Health
Dr. Robin Roberts
Urologist

Application forms may be obtained irom the Scholarship and Education Loan Davison,
Ministry of Education, Shirley Street. Completed application forms should be retumed in
an envelope marked “Financial Community Achvanced Education Scholarship’,
Scholarship & Education Loan Division, Ministry of Education, P.O, Prox NS-3913,
Nacau, Bahamas or delivered tn the Scholarship & Educational Loan Division, Shirkew
Street, boar ne Later tham the deadline chaste,

APPLICATION DEADLINE : Monday May 31**, 2010

INCOMPLETE OR LATE APPLICATION FORMS WILL
NOT BE CONSIDERED

TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM

"| DOCTORS HOSPITAL

Healsis For Lrfe


PAGE 4B, THURSDAY, APRIL 15, 2010

THE TRIBUNE



Business broker
gains approvals

The Government has
approved the creation of a
broker geared towards find-
ing a buyer for business
owners seeking an exit
route.

A former UK investment
company chief executive,
Simon Cooper, has estab-
lished Res Socius - a bou-
tique business brokerage
practice - to help entrepre-
neurs sell or acquire busi-
nesses after receiving all
necessary approvals from
the Bahamas Investment
Authority (BIA).

He said: “I saw an oppor-
tunity to help privately-
owned businesses find a new
life when their owners are
ready to move on, whatever
their motivation.

“However, before we
could obtain a license to
practice as business brokers
and consultants, we required
approval from the Bahamas
Investment Authority.

Although the screening
process is very thorough, our
credentials easily satisfied
their requirements.”

Mr Cooper said Res

Socius values a business
using a number of financial
models, establishes the
MPSP value (most probable
selling price) and screens
potential buyers who can
request an anonymous infor-
mation memorandum about
the business.

“Just as most people use
realtors to sell their home
because they have experi-
ence in valuing and market-
ing it, so a business broker
does the same for business
owners,” he added. “How-
ever, we only disclose spe-
cific information about the
business to a prospective
buyer once we have a good

faith deposit from them and
approval from the seller to
do so.”

Business brokers charge a
percentage of the closing
price that is subject to a min-
imum fee, although Mr
Cooper said Res Socius
offers an alternative struc-
ture for micro businesses,
allowing the minimum fee
to be reduced or eliminat-
ed.

Entrepreneurs interested
in acquiring businesses can
also register their interest
with Res Socius, so they can
be alerted when qualifying
Opportunities become avail-
able.

Bs YOU ARE INVITED!

The Bahamas Human Resources
Development Association

Cordially invites you to join us at our Monthly
Meeting:

“An Analytical Approach to Understanding the
National Insurance Benefits”

The Unemployment Benefit becomes effective June
2010 = What will that mean for you as an HR
Professional? Come and find out!

Date: Thursday, 22nd April, 2010
Place: J. Whitney Pinder Building, Collins Ave
Time: 5:30 p.m,

Cost: $20.00 for members & $25.00 for non-members
RSVP by April 19th, 2010

To attend please RSVP to Leotha Nixon at
Pou UE ML boone Eb oa rea
Or email us at bhrda.bs@ gmail.com
TUR a cr Mec





Nassau Retailer seeks

Ren mElitle (ys

We are a successful retail chain currently looking for a
candidate with proven retail management experience
to join our team. Responsibilities will include the
management of daily store operations, management
of all staff and various store-related administration as
well as opportunities to contribute towards marketing
and staff development programs.



The candidate should demonstrate the following:
* Self-motivation and selfteadership

* strong leadership and management skills

* Motivational skills

(cullvale beam Contribution and ta (rain! develop start)

* Excellent Interpersonal Skills
(effective oral and written communication)

* Professional appearance and attitude

* Computer Literacy
(linduding Micrasal AP, MS Word, Exoel, Email)

* Willingness to work shifts and long hours

Applications are to include: Recent police record,
passport photo, two references, resume, cover letter,

Ysye ees Ce ee Te ee eer
BOUL E aMeeD
jobnassau@gmail.com

f. 322-8430
PO. Box $5-19021










INSIGHT

For the stories behind
the news, read Insight
on Mondays

Office Space Available

Ideal for Doctor or Lawyer’s Office
Good Security, Lots of Parking

SOLIDARITY

THE BAHAMAS UNION OF TEACHERS
Bethel Avenue Stapledon Gardens
Phone #: (242) 322-4491, 323-7085, 356-2687



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Oil settles near
$86 on surprise
drop in supplies

NEW YORK - Oil prices jumped more than 2 percent
Wednesday after the government unexpectedly report-
ed the first weekly decline in crude supplies in more
than two months, according to Associated Press.

The nation’s oil supply is expected to resume grow-
ing as it usually does ahead of the summer vacation
months. But for one week at least, an increase in
Americans’ gasoline usage helped put a dent in the
ample crude inventory.

The U.S. also imported less oil last week, which
helped cut supply levels. The Energy Information
Administration said crude supplies dropped by 2.2
million barrels for the week ended April 9. Analysts
expected them to increase by 1.6 million barrels,
according to a survey by Platts, the energy information
arm of McGraw-Hill Cos. It's the first weekly decline
since January.

Gasoline supplies also sank as motorists burned
more fuel.

Benchmark crude for May delivery climbed after
the report, adding $1.79 to settle at $85.84 a barrel on
the New York Mercantile Exchange. In London, Brent
crude gained $1.41 at $86.13 on the ICE futures
exchange.

Oil supplies typically grow at this time of year as
refineries slow fuel production and prepare their equip-
ment to make summer grades of gasoline that con-
tribute less to air pollution. The drop in last week's
inventories was unexpected, and it’s unlikely to con-
tinue falling, analyst Stephen Schork said. Before
Wednesday's report, crude supplies had grown for
nine straight weeks.

"T'd expect to see supplies grow for at least the next
three weeks," Schork said.

Commodities

Those nuances may be lost, however, on speculative
investors who have rushed into commodities trading
recently, said Jim Ritterbusch, president of energy
consultancy Ritterbusch and Associates. Oil prices
have been jumping on relatively minor developments
like Wednesday's EJA report, he said.

Managers of exchange-traded funds, pension funds
and other speculative investors don't really care about
how much oil sits in U.S. inventories, he said. What
matters on Wall Street is the general expectation that
oil prices will soon rise.

"They all think there's easy money to be made by
simply buying oil futures," Ritterbusch said. "But this
whole thing could be a bubble. Prices could go down."

Commodity investors have been especially busy on
the Nymex this month. They've set records for trade
volume twice this month with 1,423,536 contracts
changing hands on Tuesday and 1,121,913 contracts
traded on Friday.

Gasoline pump prices were flat overnight, dipping a
tenth of a penny to a new national average of $2.857 a
gallon, according to auto club AAA, Wright Express
and Oil Price Information Service. A gallon of regular
unleaded is 6.7 cents more expensive than a month
ago and 80.7 cents higher than a year ago.

The EIA expects retail gasoline prices to top $3 a gal-
lon this summer.

Elsewhere, the Organization of Petroleum Exporting
Countries said oil demand will rise this year, but its
April forecast was more conservative than earlier
reports. OPEC said the world should consume 85.21
million barrels of oil per day this year, down from its
previous estimate of 85.24 million barrels.

In other Nymex trading in May contracts, heating oil
rose 2.79 cents to settle at $2.2421 a gallon and gasoline
added 2.34 cents to settle at $2.3327 a gallon. Natural
gas increased by 3.9 cents to settle at $4.199 per 1,000
cubic feet.

The Lyford Cay Foundations
TECHNICAL TRAINING AND

VOCATIONAL SCHOLARSHIPS
Application ls Open

The Lyford Cay Foundations ar pleased to announce that applications are
fon being accepbed for technical traning and vec atiqnal shal ahipe far
study In the WS. Canada, the LUE, and the Caeibbesn.

Api ants Must be Baharia n citinerns ard pledge i require be Thee
fahames upon completion of ther studies.

Technical raining and wocaciomal acholarnhips are dineched prinsarily an
Pdividuals who wish bo train of upgrade vkilk in aread where [here isa
shortage of well-qualified Bahamians in the work force,

Apoiwed Teds of study are agricuinure and Sigharies: air conditioning
and refigersbiors eviomotive, marine and aviation mechanics
Computer service technology cometruction and related trades including
Hectrical carpentry, plumbing, painting and masonryelhealth care
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Ploase wisit cur website al een, yherdcayfomndabionong for additional
réormation and spplcabion forms

Forms may alone obtained tem high sche! quidamee courmelors,
The College of The Blaha rnd Fireciol Ald fice, Tee Baba ria’ Technica
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adiciress your application to: The Chainman, Screening Committee.

DEADLINE FOR TECHNICAL TRAINING AND VOCATIONAL
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mepined Prikedtirogy for a Batter Bahamas

POC) Baga: FM, Pcieticttt, Bob etic
T wy rte fF See Se ee



TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM
THE TRIBUNE

THURSDAY, APRIL 15, 2010, PAGE 7B

UBS Bahamas accounts used
in $258k tax evasion scheme

FROM page 1B

cussions for the guilty party
could act as a further deter-
rent to US citizens and insti-
tutions - even those doing
legitimate business - using
Bahamas-based institutions
and this nation’s financial
services sector.

The Zabczuk statement of
facts said UBS records
showed that the consultant
opened a bank account with
UBS (Bahamas) in June
1999, in the name of a nom-
inee Bahamian corporation,
ODI Ltd. He was recruited
to open the account by an
unnamed American busi-
nessman, who introduced
him to a UBS (Bahamas)
banker referred to as ‘Swiss
banker’.

“(Zabczuk] closed the
account opened in the name
of ODI Ltd in 2000,” the US
court document said. “With
the assistance of ‘Swiss
banker’ and others, the
defendant formed ODF Ltd,
a Bahamian nominee entity
that was incorporated on
November 22, 2000.

“Swiss banker’ assisted
[Zabczuk] in opening a new
account in the name of ODF
Ltd at UBS Bahamas, and
transferred into that account
the contents of the account
opened in the name of ODI
Ltd.

“Swiss banker’ arranged
to have a bank and trust

company in the Bahamas
serve as an intermediary
between [Zabczuk] and
UBS Bahamas. That is,
[Zabczuk] would send
instructions regarding the
account to the bank and
trust company, and it would
forward the instructions to
UBS (Bahamas).”

The other Bahamas-based
bank and trust company, nor
the ‘Swiss banker’, were
identified in the court docu-
ments.

However, the latter may
still be working in the
Bahamian financial services
industry, albeit not at UBS
(Bahamas), as the court doc-
uments refer to a meeting
between Zabczuk and ‘Swiss
banker’ in the Bahamas as
late as April 2009.

The court document said
that in 2002, Zabczuk was
told by the ‘Swiss banker’ to
move the ODF Ltd account
from UBS (Bahamas) to the
bank’s head office in
Switzerland.

Zabczuk was told that he
could either sell all the US
securities held in the
account, or file with the IRS
a form informing it that he
beneficially owned the ODF
Ltd account.

He was subsequently
advised by ‘Swiss banker’
not to file the IRS form, and
instead sold all the securi-
ties.

UBS (Bahamas) trans-

PUBLIC NOTICE

INTENT TO CHANGE NAME BY DEED POLL

The Public is hereby advised that |, EARNESTINE
ADRIANA SHANTEL GIBSON intend to change my

name to SHANTELL ADRIANA GIBSON. If there are
any objections to this change of name by Deed
Poll, you may write such objections to the Chief
Passport Officer, RO.Box N-742, Nassau, Bahamas
no later than thirty (30) days after the date of

publication of this notice.



ferred the ODF Ltd account
in June 2002, the court doc-
ument said, and “in 2005,
‘Swiss banker’, who was no
longer employed by UBS
Bahamas, advised the defen-
dant to move his accounts
from UBS [Switzerland]
because of changes at the
bank”.

Alarmed by the US inves-
tigation of UBS, and the
possibility that account
information on US citizens
would be disclosed to the
IRS, Zabczuk again con-
sulted ‘Swiss banker’, who
advised him against disclo-
sure of his ODF Ltd.

The latter conceived a
new structure for Zabczuk,
who “agreed to meet with
‘Swiss banker’ in the
Bahamas in April 2009 in
order to further discuss the
‘Swiss banker’s’ plan. In or
about April 2009, the defen-
dant met with ‘Swiss banker’
in the Bahamas.”

The court document said
the ODT Ltd and ODF Ltd
accounts were operated by
Zabczuk “for the purpose
of evading taxes on the
income that he earned
through his consulting com-
pany, PRT Ltd.

“The defendant directed
certain foreign clients of
PRT Ltd to deposit pay-
ments to PRT into the ODI
account at UBS Bahamas
and the ODF accounts at
UBS Bahamas and UBS
AB.

“The defendant also wired
money from PRT Ltd’s
domestic business bank
account to the ODI account
at UBS (Bahamas) and
ODF accounts at UBS
(Bahamas) and UBS AG.”

Zabczuk repatriated funds
to the US through several
means, including cash with-
drawals at UBS branches,
including the one in Nassau,
Bahamas, from 1999 to
2009.

® Bank of The Bahamas

IN TERNATIONAL

EMPLOYMENT OPPORTUNITY

Bank of The Bahamas International, the institution of first choice
in the provision of financial services, seeks to identify suitable
candidates for the position of:

Accountant

Core Responsibilities:
* Prepare individual and consolidated financial statements for
the company and its subsidiaries in accordance with
International Financial Reporting Standards
Provide analytical reviews of financial statements, management
reports, and other financial information to identify and
investigate significant variances of actual vs. budget and/or

prior year on a consolidated basis and on a more detailed level
for example, line of business, cost center etc.

Make recommendations on appropriate corrective action of
financial performance against planned and projected targets
to ensure sustained profitability

Document and analyze control environments for the Finance
Department

Compile budgets and prepare forecasts

Responsible for ensuring that statutory reports are filed in all
jurisdictions where the Company operates

Assist in the coordination of internal and statutory financial
audits

Position Requirements:
Certified Public Accountant
Three or more years of experience in public accounting
(financial services background is a necessity)
Strong technical skills and knowledgeable of generally accepted
accounting principles
Analytical and forward thinking
Knowledge of general ledger implementation and maimtenance
background (a plus)
Project management skills is a plus
A team player; willingness to be the pacesetter when appropriate

Benefits include: Competitive salary and benefits package,
commensurate with work expenence and qualifications. Interested
persons should apply no later than 20th April, 2010 to:

Email: hr.apply@bankbahamas.com
Or fax to: 242-323-2637


PAGE 8B, THURSDAY, APRIL 15, 2010

THE TRIBUNE



Act ‘precisely’ what
small business needs

FROM page 1B

with the Chamber’s ongo-
ing efforts in this area,
namely the fledgling Small
Business Council and Cham-
ber Institute programme.

Referring to a meeting he
had with Zhivargo Laing,
minister of state for finance,
on Monday this week, Mr
Rolle said of the proposed
Act: “It is precisely what we
are looking for.

“Thad the privilege of sit-
ting down with him [Mr
Laing], and he proposed a
structure for discussion that

was consistent with what our
needs are. It addresses all
the major areas of concern -
access to capital, technical
support, proper administra-
tion and incentives.”

The Chamber president
said it was key to “have the
right administrative struc-
ture to manage the
approach to small and medi-
um-sized business develop-
ment”, and added that the
Government was “in the
process of working out the
details” for the new legisla-
tion.

“This is the public sector
and infrastructure approach

NOTICE

INTERNATIONAL BUSINESS COMPANIES ACT

that we need,” Mr Rolle
said. “It is intended to pro-
vide us with the support
base we need. For this to
work, we need the right
administrative structure. We
also need the right incen-
tives in place.”

Elated

Meanwhile, Stephen
Wrinkle, the Bahamian
Contractors Association’s
(BCA) president, described
himself and the organisation
as being “elated” after the
Speech from the Throne
pledged that the Govern-
ment would bring the long-
awaited Contractors Bill to
Parliament for passage into
legislation.

ment had the foresight to
realise this is such an impor-
tant piece of legislation, not
only to the construction
industry but the Bahamian
consumer and the nation as
a whole,” Mr Wrinkle told
Tribune Business.

“We will now be working
very diligently to ensure all
the pieces are in place, and
the Bill is ready and suc-
cessfully passed in the
House. There’s a lot of work
to go into this now to get
the contractors ready for
pre-qualification, grandfa-
thering in and registration.
We have been working on
this, but now the pitch is
ready and has been made,
we have to get the bat ready
to swing and step up our
efforts.”

(No 46 of 2000)

SICOM TRADING INC.
IBC No. 140306B
(In Voluntary Liquidation)

PURSUANT TO SECTION 138 OF
THE INTERNATIONAL BUSINESS COMPANIES ACT

I, Rachel Lister, of 3rd Floor, Heritage House, 235 Main
Street, Gibraltar, Liquidator of the above-referenced compa-

ny, hereby certify that the winding up and dissolution has been
completed in accordance with the Articles of Dissolution and
the company has been struck of the Registers of Companies.

Dated the 30th day of March, A.D. 2010.



NOTICE

INTERNATIONAL BUSINESS COMPANIES ACT
(No 45 of 2000)

AI STOP TRADING INC.

LIQUIDATOR’S NOTICE

PURSUANT TO SECTION 138 OF
THE INTERNATIONAL BUSINESS COMPANIES ACT

We, Redcorn Consultants Limited, Liquidator of the above-ref-
erenced company, hereby certify that the winding up and dis-
solution has been completed in accordance with the Articles of
Dissolution and the company has been struck of the Registers
of Companies.

Dated the 24th day of February, A.D. 2010.

yp
For 8nd on behalf of
Redégrn Cohsultants Limited
Liguittheg

NOTICE

INTERNATIONAL BUSINESS COMPANIES ACT
(No 45 of 2000)

SS INTERNATIONAL, LTD.

LIQUIDATOR’S NOTICE

PURSUANT TO SECTION 138 OF
THE INTERNATIONAL BUSINESS COMPANIES ACT

We, SOVEREIGN DIRECTORS LIMITED, Liquidator of the
above-referenced company, hereby certify that the winding up
and dissolution has been completed in accordance with the
Articles of Dissolution and the company has been struck of the
Registers of Companies.

Dated the 25st day of March, A.D. 2010.

8 a
vf = 7
For Bnd on behalf of
Redcgrn Colsultants Limited
ie J

FirstCaribbean

“We’re elated and very

pleased that the Govern-






















PUBLIC NOTICE

INTENT TO CHANGE NAME BY DEED POLL

The Public is hereby advised that |, KEZIA REBEKAH
SRIDHAR of PO. Box N-3018, off Village Road
intend to change my name to KEZIA_REBEKAH
RAMSAGAR. If there are any objections to this
change of name by Deed Poll, you may write such
objections to the Chief Passport Officer, P.O.Box
N-742, Nassau, Bahamas no later than thirty (30)
days after the date of publication of this notice.

Legal Notice

INTERNATIONAL BUSINESS COMPANIES ACT
(No.45 of 2000)

TOCRAIG LIMITED

In Voluntary liquidation

“Notice is hereby given that in accordance with
Section 137 (4) of the International Business
Companies Act (No. 45 of 2000). TOCRAIG
LIMITED, is in Dissolution.”

The date of commencement of dissolution is
the 13th day of April, 2010.

Cl Accountancy Limited
of Boatside Business Centre,
Warden, Northumberland, NE46 4SH
Liquidator

HALSBURY

HC CHAMBERS

Counsel-and-Attorneys-at-Law

Employment Opportunity

Established Law Firm is seeking to employ
an attorney who specializes in litigious work,
personal injury, family law and probate with
a minimum of five (5) years practical and
professional experience.

Applicants should be organized, diligent, a
team player and have the ability to work with
minimum supervision.

Successful applicants will be eligible to
participate in the company’s medical insurance
plan, pension plan and _ profit-sharing scheme.
Salary will commensurate with experience.

All applicants will be held in the strictest confidence

Interested applications should deliver _ their
curriculum vitae to our office situate on Village
Road North, or mail at P.O. Box CR-56766,
Suite 548, Nassau, The Bahamas.



LIT selCon eyes

at Bahamasair

FROM page 1B



interest, while another $2.231 million settled out-
standing bills owed to the Bahamas Telecommunica-
tions Company (BTC).

The overall effect of all this was to reduce Bahama-
sair’s accounts payable and accrued expenses by more
than two-thirds, from $68.924 million at year-end 2008
to $20.924 million at June 30, 2009.

In turn, this lowered Bahamasair’s solvency defi-
ciency, or the amount by which its current liabilities
exceed current assets, to $12.231 million compared to
$65.519 million the year before.

It was an effective ‘no-brainer’ for the Government
to embark on such a course of action, netting off the
sums owed by Bahamasair to other public sector enti-
ties with what the same agencies/departments owed
to the national flag carrier.

Healthier

The balance sheet now looks much healthier and
cleaner (relatively speaking), and is something Tri-
bune Business had been urging the Government to do
for several years, especially since there was no prospect
of Bahamasair ever paying the sums owed.

All the balance sheet maneuvering masked some of
the improved performance by Bahamasair, which
reduced its net losses by 42.5 per cent in 2009, from
$22.579 million the previous year to $12.991 million
this time around. The improved performance was
achieved despite a top-line decline, as total income
fell by 4.1 per cent to $78.807 million, compared to
$81.185 million the previous year. The main factor was
a decline in Bahamasair’s passenger revenues, which fell
by the exact same percentage to $72.65 million, com-
pared to $75.728 million in 2008.

The main driver behind Bahamasair’s fiscal 2009
showing was its costs, which dropped by 11 per cent to
$91.541 million, compared to $102.767 million in fiscal
2008. A major factor behind the more than $11 million
improvement was the almost $8 million drop in fuel
costs, which fell from $25.357 million the year before to
$17.697 million this time around.

Aircraft and traffic servicing costs dropped by $2
million, from $20.958 million to $18.806 million, while
maintenance, materials and repairs costs also fell by
almost $1 million.



PUBLIC NOTICE
INTENT TO CHANGE NAME BY DEED POLL

The Public is hereby advised that |, DEMEKO
DENNIS WOODS of Harina Hill, Eight Mile Rock,
intend to change my name io DEMEKO DENNIS
JOHNSON. If there are any objections to this
change of name by Deed Poll, you may write such
objections to the Chief Passport Officer, RO.Box N-
742, Nassau, Bahamas no later than thirty (80) days
after the date of publication of this notice.

POSITION AVAILABLE

Established business seeks
knowledgeable individual to
manage plumbing department.
Send resume to:

P.O. Box N-322.

NOTICE
Abacus Business Limited

In Voluntary Liquidation

Notice is hereby given that in accordance with
Section 138(4) of the International Business
Companies Act. 2000, Abacus Business Limited
is in dissolution as of February 4, 2010.

International Liquidator Services Inc. situated

at 3 Floor Withfield Tower, 4792 Coney Drive,
Belize City, Belize is the Liquidator.

LIQUIDATOR



CAREER OPPORTUNITIES

a see

Are you seeking an exciting career opportunity?

CORPORATE & ONSHORE

TREASURER-DIRECTOR

For further information on this and
other available positions, please visit
our website:

Develop, implementation and monitoring of compliance of Corporate policies

for managing liquidity risk, balance sheet, transfer pricing and Capital.

www firstcaribbeanbank.com/careers.htm

FIRSTCARIBBEAN

INTERNATIONAL BANK

GET THERE. TOGETHER.



TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM




THE TRIBUNE THURSDAY, APRIL 15, 2010, PAGE 9B

BUSINESS
PUBLIC NOTICE

INTENT TO CHANGE NAME BY DEED POLL

Banks ‘may have seen

the worst’ over bad loans

FROM page 1B

cent of all outstanding pri-
vate sector credit in this
nation, at end-February
2010, dropping below the
$1.1 billion level.

Paul McWeeney, current
head of the Clearing Banks
Association, expressed cau-
tious optimism that the dete-
rioration in commercial
bank loan portfolios that
had been sparked by the
recession, and increased
unemployment, was starting
to turn.

Pointing out that “there’s
always a large increase” in
loans falling into arrears in
December and January,
with Bahamians focusing
more on Christmas shopping
than meeting their commit-
ments, Mr McWeeney told
Tribune Business: “We
expect to see some claw
back of defaults in Febru-
ary, SO it met our expecta-
tions.

“But it’s too early to see if
this is a trend. We'd like it to
be, but we have to wait a
few months to see if this
becomes a positive trend.
That would be my cautious
approach; wait and see.
Let’s hope we build some
momentum.

“It is a positive sign, so
we’re keeping our fingers
crossed.”

Anwer Sunderji, Fidelity
Bank (Bahamas) chief exec-
utive, told Tribune Business
it was “hard to say” whether
February’s figures repre-
sented a turnaround in com-
mercial bank loan portfo-
lios.

“T think we may have seen
the bubble go through the
system, and may have seen
the worst of it,” he said. “If
the economy does not dete-
riorate any further, we may
see some improvement over
time. It’s all a function of

employment.”

The Central Bank data
appears to bear out Mr
McWeeney’s analysis, given
that it was a decline in loans
falling into the 31-90 days
past due category that was
solely responsible for the
February contraction in
defaulted credit.

The more important cate-
gory, those non-performing
loans that are 90 days past
due and upon which
Bahamian commercial
banks stopped accruing
interest, actually increased
by $9.7 million or a further
1.7 per cent during Febru-
ary 2010 to total a collective
$595.8 million.

Credit

This meant that some 9.8
per cent of total outstand-
ing private sector credit in
the Bahamas, almost one in
every 10 loans, was non-per-
forming as at end-February
2010.

The Central Bank’s fig-
ures indicate that while
Bahamian commercial
banks did a good job in
bringing many loans in the
31-90 days past due category
back into the current or per-
forming realm, possibly aid-
ed by Bahamians focusing
on debt repayment post-
Christmas, they were unable
to prevent others falling into
the non-performing sector.

“Consumers already in
arrears still experienced dif-
ficulty in making payments,
as evidenced by the increase
in non-performing loans -
those more than 90 days
delinquent, and on which
banks have ceased accruing
interest,” the Central Bank
said.

Loans between 31-90 days
past due fell by $33.9 mil-
lion or 6.5 per cent to $486.3
million at end-February,

cS}

iY) Vv

4 iv
yet

Sheraton

Nassau

BEACH RESORT

accounting for 8 per cent of
all outstanding private sec-
tor credit in the Bahamas.

The Central Bank added:
“The contraction in total
arrears was broad-based,
with mortgage delinquencies
recording the largest
decrease of $14 million or
2.6 per cent to $529 million,
as the fall-off in the 31-90
day segment by $17.3 mil-
lion or 5.9 per cent sur-
passed a $3.2 million (1.3 per
cent) rise in the non-per-
forming category.

“Similarly, commercial
delinquencies reduced by
$8.9 million (3.4 per cent),
reflecting an $11.6 million
(13.1 per cent) decline in the
short-term segment, which
outstripped the $2.7 million
(1.6 per cent) increase in
non-performing loans.

“A $5.1 million (3.7 per
cent) drop in 31-90 day
arrears - which negated a
$3.7 million (2.3 per cent)
advance in the non-accrual
segment - resulted in con-
sumer delinquencies declin-
ing by a more modest $1.3
million (0.4 per cent).”

INSIGHT

For the stories
behind the news,
beetle Pde] iT 4
on Mondays

eer Cay

ae) at

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irs mr A Ute |

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[he Sheraton Nassau Beach Resort, on Cable Beach in [he Bahames 1s looking bor a

Director of Convention Services

Ta train, supervise and work with all convention services stall, in order solicit and book banquet and
calering fumctons, as well as the planning, merchandising and execulon of the funectons.

Essential Fusctions

* Solicit new and exisling accounts lo meevexceed revenue goals through telephone solicitation,
cutsede sales calls, site inspections and written cammunicaban, Participate in catering sales
PReSeNALNS, papery OUTS and cusLomer merkings,

Ldminister all phases af the banquet deparimend, incloding. but not limited to, sales, planning,
marketing, servicing and administrative procedures

Prepare, implement and compile data for siratezic sales plan, monthly BaCPAC Report, annual
eoals, forecasts and other reports as directed andiar required.

Develop banquet mens pricing and revenue MInMUms Weng Cunent competitive dala.

Skills & Abilities

* Excellent commianication skills, both oral and written as well as organizational, interpersonal,
supervisory and sales related skills.

Must be a team leader and able to work with mumimal supervissan,

Extensive knowkdse of food and beverage products, proper preparation and presentation of fond
and beverage ilems and pricing.

Extensive knowledoe of meeting room capaciies, banque! set-up, audio-viswal and any other
pertinent details a3 it relates to function room set-up.

Karey ledge of hotel and competitis 2 mearkel

Must possess hasic compartational ability.

Must Posse GoM puller skilk, incloding, rut med limited io, accnntines programs, Micreaott Word

kxooel and Uke.

Qualifications & Experience

* Tigh School or equivalent education required, Bachelor's Dearee preferred

* Three years catering sales and convention services experience preferred

‘Qualified applicants are invited bo email resumes te snbrjets'a sheralon.com

Note: All information will be held im strictest of confidence
Deadline for all applicants is April 18, 2010

TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM



“We expect to see
some claw back of
defaults in February, so
it met our expecta-
tions.’

Paul McWeeney

The Public is hereby advised that |, GLADYS
DEBORAL DAVID of PO.Box N-3018, off Village

Road intend to change my name to GLADYS
DEBORAL RAMSAGAR., If there are any objections
to this change of name by Deed Poll, you may write
such objections tothe Chief Passport Officer, PO.Box
N-742, Nassau, Bahamas no later than thirty (30)
days after the date of publication of this notice.



© GrantThornton

“A Passion for the business of Accounting”

Job Opportunity For

NON MACKEN ICPAU PA UOIUMIU EET g
At Grant Thornton

Grant Thornton has positions available for Senior Accountants and a
Manager in its assurance and advisory practice. The applicants for
Senior Accountants must have a minimum of 3 years experience; the
applicants for Manager must have a minimum of 5 years experience
in auditing with proven leadership skills, excellent technical skills,
and be willing to work in an exciting and rewarding industry.

Please send resumes to infol@gtbahamas.net

Grant Thornton is the Bahamas member of Grant Thornton
International, one of the world’s top six international organizations
of independently owned and managed accounting and consulting
firms. Grant Thornton offers a variety of service lines including
assurance, accounting assistance, management consulting, forensic
accounting, liquidations, financial advisory, corporate services and
regulatory consulting.





at grade A, B, C.

development of the country.



SCHOLARSHIP & EDUCATIONAL LOAN DIVISION
MINISTRY OF EDUCATION

NOTICE

GERACE RESEARCH CENTRE SCHOLARSHIPS
(FORMALLY) BAHAMAS FIELD STATION

SCHOLARSHIPS FOR FALL 2010

Applications are invited from suitably qualified persons for nine (14) scholarships tenable
at accredited institutions in the United States of America under the Bahamas Field
Station/Ministry of Education Agreement (1971), commencing September 2010.

Under the Agreement, participating Colleges and Universities will offer full tuition
scholarships and the Ministry of Education will pay board and lodging charges.

Applicants should have gained admission into one of the following institutions where the
humber of awards available is indicated:

COLLEGE OF CHARLESTON - Charleston, South Carolina
UNIVERSITY OF SOUTH CAROLINA -Aiken, South Carolina
ALBRIGHT COLLEGE - Reading, Pennsylvania
UNIVERSITY OF NEW HAVEN:
EMPORIA STATE COLLEGE - Emporia, Kansas

BELLARMINE COLLEGE - Louisville, Kentucky

GANNON UNIVERSITY- Ene Pennsylvania

HARTWICK COLLEGE - Oneonta, New York

LYNCHBERG COLLEGE- Lynchburg, Virginia 1
MIAMI UNIVERSITY OF OHIO - Oxford, Ohio
WITTENBERG UNIVERSITY: Springfield Ohio

1
1
1
West Haven, Connecticut 2
1
1
1
2

1 GRADUATE
1 PARTIAL

Applicants will be accepted only for the Colleges/Universitias specified,

Applicants should have successfully completed high school education and be in
possession of at least 6 G.C.E/B.G.C.5.E. subjects, including English and Mathematics
Persons presently pursuing studias at one of the named institutions should submit an
Up-to-date official transcript along with the completed application form.

Applicants should note that the area of study must be deemed acceptable for the further
Further details and application forms may be obtained from the scholarship and
Educational Loan Division of The Ministry of Education or from the Ministry of

Education's website at www bahamaseducation com,

Completed application forms should be returned to the Scholarship and Educational
Loan Division, Shirley Street, P.O. Box N-3913, no later than Friday, 23 April, 2010,

Application farms received after this date will not be considered,




PAGE 10B, THURSDAY, APRIL 15, 2010

GLOBAL BUSINESS

Stocks rise on Intel, JPMorgan; S&P crosses 1,200

STEPHEN BERNARD,
AP Business Writers
TIM PARADIS,

AP Business Writers
NEW YORK



Upbeat forecasts from Intel
Corp. and JPMorgan Chase & Co.
propelled the stock market higher
for a fifth day.

The gains Wednesday pushed
the Standard & Poor's 500 index
over the 1,200 mark for the first
time in a year and a half.

The Dow Jones industrial aver-
age rose 104 points and moved
above 11,100.

The market made a broad
advance on a range of signs that
the economy is recovering.

JPMorgan Chase reported a bet-
ter-than-expected profit for the
January-March quarter.

The bank is still facing big losses
from souring consumer loans, but
CEO Jamie Dimon said there have
been clear improvements in the
economy.

Chipmaker Intel posted earn-
ings and revenue after the closing
bell Tuesday that topped analysts’
expectations.

The company also raised its 2010
forecast.

Intel's outlook boosted the tech-
nology-dominated Nasdaq com-
posite index.

Michael Binger, portfolio man-
ager at Thrivent Investment Man-
agement in Minneapolis, said the

strong results from leaders of the
banking and technology industries
are signs that the recovery is on
track.

"It diminishes the chance that
we go back into a double-dip
recession,” he said.

Credence

"Tt lends credence that the finan-
cial industry is recovering and the
tech industry is beyond recover-
ing and is doing very well."

The Commerce Department's
report that retail sales rose again in
March added to expectations that
consumers are starting to spend
more.

Federal Reserve Chairman Ben

Bernanke told Congress’ Joint
Economic Committee that the
recovery should hold but that high
budget deficits must be addressed
to avoid big jumps in interest rates.

Bernanke cautioned that unem-
ployment will remain an obstacle
for the economy.

He also repeated that interest
rates will stay low for an "extend-
ed period."

Some traders had speculated
that Bernanke would signal a shift
in interest rate policy now that the
economy appears to be strength-
ening.

Low rates have helped drive
assets like stocks higher for the
past 13 months.

The market has been rising

THE TRIBUNE

steadily for two months on encour-
aging signs of growth. Some ana-
lysts have warned that stock prices
have climbed too high but the lat-
est profit reports eased concerns
that prices are stretched.

According to preliminary calcu-
lations, the Dow rose 103.69, or
0.9 percent, to 11,123.11. The Dow
closed over 11,000 on Monday for
the first time since September
2008.

The S&P 500 index rose 13.35,
or 1.1 percent, to 1,210.65. Like
the Dow, the S&P 500 index is at
its best level since September 2008,
when the financial crisis began.

The Nasdaq rose 38.87, or 1.6
percent, to 2,504.86. It hasn't been
above 2,500 since June 2008.

NOTICE

NOTICE is hereby given that ABNER PIERRE of
CARMICHAEL ROAD, NASSAU, BAHAMAS is applying
to the Minister responsible for Nationality and Citizenship,
for registration/naturalization as a citizen of The Bahamas,
and that any person who knows any reason why registration/
naturalization should not be granted, should send a written
and signed statement of the facts within twenty-eight
days from the 8" day of APRIL, 2010 to the Minister
responsible for nationality and Citizenship, P.O. Box
N-7147, Nassau, Bahamas.

EMPLOYMENT OPPORTUNITY

Full Time and Part-Time Math, English and Writing
Tutors needed to tutor children with special needs/
learning disabilities. Person must show that they
enjoy working with children and can work with
little supervision. Please email your information,
qualifications and experience to:

Share your news

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.

NOTICE

NOTICE is hereby given that JAMES KERVINS JULES of
BLEUBELL AVENUE, GARDEN HILL #1, P.O. BOX N-9406,
NASSAU, BAHAMAS is applying to the Minister responsible
for Nationality and Citizenship, for registration/naturalization as
a citizen of The Bahamas, and that any person who knows any
reason why registration/naturalization should not be granted,
should send a written and signed statement of the facts within
twenty-eight days from the 8" day of APRIL, 2010 to the
Minister responsible for nationality and Citizenship, P.O. Box
N-7147, Nassau, Bahamas.

NOTICE

NOTICE is hereby given that JACKSON CHARLES of
BETHEL AVENUE, NASSAU, BAHAMAS is applying to
the Minister responsible for Nationality and Citizenship, for
registration/naturalization as a citizen of The Bahamas, and
that any person who knows any reason why registration/
naturalization should not be granted, should send a
written and signed statement of the facts within twenty-
eight days from the 8" day of APRIL, 2010 to the Minister
responsible for nationality and Citizenship, P.O. Box
N-7147, Nassau, Bahamas.

sijob@coralwave.com

NOTICE

NOTICE

EXXONMOBIL EXPLORATION AND PRODUCTION
(EAST SIBERIA) LIMITED



AL KHALEEJ GAS PIPELINE LIMITED

Creditors having debts or claims against the above-named
Company are required to send particulars thereof to the
undersigned c/o P.O. Box N-624, Nassau, Bahamas on or
before 3rd day of May, A.D., 2010. In default thereof they will
be excluded from the benefit of any distribution made by the
Liquidator.

Creditors having debts or claims against the above-
named Company are required to send particulars
thereof to the undersigned c/o P.O. Box N-624,
Nassau, Bahamas on or before 4 day of May, A.D.,
2010. In default thereof they will be excluded from the
benefit of any distribution made by the Liquidator.

Dated the 13" day of April, A.D., 2010. Dated the 13 day of April, A.D., 2010.

B. J. Conjelko
Liquidator
Al Wosail Building
West Bay Area
Doha, Qatar

Carol G. Gray
Liquidator
16825 Northchase Drive
Houston, TEXAS 77060

NOTICE
NOTICE

EXXONMOBIL EXPLORATION AND PRODUCTION AL KHALEEJ GAS PIPELINE LIMITED
(EAST SIBERIA) LIMITED

NOTICE IS HEREBY GIVEN as follows:
NOTICE IS HEREBY GIVEN as follows:

AL KHALEEJ GAS PIPELINE LIMITED is in
dissolution under the provisions
of the International Business Companies Act 2000.

POSITION AVAILABLE

A resort type property seek to employee the following:

EXXONMOBIL EXPLORATION AND
PRODUCTION (EAST SIBERIA) LIMITED is
in dissolution under the provisions of the
International Business Companies Act 2000. The dissolution of the said Company commenced
on the 7th day of April,2010 when its Articles

of Dissolution were submitted to and registered by
the Registrar General.

Front Office Manager
The dissolution of the said Company

commenced on the 6th day of April,

2010 when its Articles of Dissolution were
submitted to and registered by the
Registrar General.

Responsibilities:

The Liquidator of the said Company is B. J.
Conjelko of Al Wosail Building, West Bay Area,
Doha, Qatar.

+ Manage entire scope of the Front Office Department

* Attend to guest enquiries

+ Monitor performance against budget projections

* Ensure proper training and procedures in place to
provide

+ Attend to crisis or emergency situations

* Able to understand and interpret budgets and financial
statements

* Able to display a high degree of professionalism
and integrity as befitting as a member of executive
management

The Liquidator of the said Company is Carol
G. Gray of 16825 Northchase Drive,

Dated the 13th day of April, 2010.
Houston, Texas 77060.

Dated the 13th day of April, 2010.
HARRY B. SANDS, LOBOSKY MANAGEMENT CO. LTD.
Attorneys for the above-named Company
HARRY B. SANDS, LOBOSKY MANAGEMENT CO. LTD.
Attorneys for the above-named Company

FG CAPITAL MARKETS
BROKERAGE & ADVISORY SERVICES

Requi ts:
ROYAL FIDELITY equirements

Baie at Wor

€

* Arelevant degree in hospitality or business

+ Minimum five years hotel experience, preferably in
Room Division

+ Demonstrate supervisory skills; good judgment in
decision making

+ Computer literate with knowledge of a variety of
computer software applications

* Superior written and oral skills

* Excellent organizational and time management skills
with the ability to set priorities for self and other

BISX LISTED & TRADED SECURITIES AS OF:
TUESDAY, 13 APRIL 2010
BISX ALL SHARE INDEX: CLOSE 1,557.93 | CHG -0.10 | %CHG -0.01 | YTD -7.45 | YTD % -0.45
FINDEX: CLOSE 000.00 | YTD 00.00% | 2009 -12.31%
WWW.BISXBAHAMAS.COM | TELEPHONE: 242-323-2330 | FACSIMILE: 242-323-2320
52wk-Low Daily Vol. EPS $ Div $

7.00
9.67
5.30
0.53
3.15
2.14
9.62
2.69
5.00
2.21
1.32
5.94
8.75
9.50
3.75
1.00
0.27
5.00
9.95
10.00

Securit y
AML Foods Limited
Bahamas Property Fund
Bank of Bahamas
Benchmark
Bahamas Waste
Fidelity Bank
Cable Bahamas
Colina Holdings
Commonwealth Bank ($1)
Consolidated Water BDRs
Doctor's Hospital
Famguard
Finco
FirstCaribbean Bank
Focol (S$)
Focol Class B Preference
Freeport Concrete
ICD Utilities
J. S. Johnson 9.95
Premier Real Estate 10.00
BISX LISTED DEBT SECURITIES -
Security Symbol
Fidelity Bank Note 17 (Series A) + FBB17
Fidelity Bank Note 22 (Series B) + FBB22
Fidelity Bank Note 13 (Series C) + FBB13 100.00 0.00
Fidelity Bank Note 15 (Series D) + FBB15 100.00 0.00
Fidelity Over-The-Counter Securities
Bids Ask & Last Price
10.06 11.06 14.00
2.00 6.25 4.00
0.35 0.40 0.55
Colina Over-The-Counter Securities
30.13 31.59 29.00
0.45 0.55 0.55
BISX Listed Mutual Funds
NAV YTD% Last 12 Months %
1.4525 0.96 6.30
2.9116 0.85
1.5243 1.12
3.2025 2.75
13.4296
103.9873
101.7254
1.1034
1.0764
1.1041
9.5795

Previous Close Today's Close
1.02 1.02
10.63 10.63
5.30 5.30
0.53
3.15
2.37
12.20
2.72
6.00
2.83
2.54
6.07

Change
0.00
0.00
0.00

0.992
0.598
-0.877
0.168
0.055
1.406
0.249
0.419
0.111
0.627
-0.003
0.168
0.654
0.326
0.000
0.035
0.407
0.952
0.156

0.53
3.15
2.37
12.20
2.72
6.00
2.91
2.54
6.07
9.08
10.43
4.99
1.00
0.27
5.59 0.00
9.95 0.00
10.00 0.00
(Bonds trade on a Percentage Pricing b
Last Sale Change Daily Vol.
100.00 0.00
100.00 0.00

0.00
0.00
0.00
0.00
0.00
0.00
0.08
0.00
9.08 0.00 Director of Sales & Marketing
10.43
5.00
1.00
0.27
5.59

0.00
0.00
-0.01
0.00
0.00

Responsibilities:

«In charge of all sales activities, including the department
and staff

+ Member of the company’s senior executive staff

« Analyze sales statistics to determine business growth
potential

* Develop strategic Marketing Plan for company

52wk-Hi__ 52wk-Low
1000.00
1000.00
1000.00
1000.00

Interest

12 October 2017

19 October 2022
30 May 2013
29 May 2015

Prime + 1.75%

T%

Prime + 1.75%

52wk-Low EPS $ Div S
0.000
0.480
0.000

Symbol P/E
Bahamas Supermarkets
Caribbean Crossings (Pref)

RND Holdings

Daily Val.

0.000
0.001

ABDAB
RND Holdings

4.540
0.002

0.000
oe Requirements:
NAV 3MTH
1.419947
2.855227
1.504794

NAV 6MTH
1.403783
2.898993
1.489232

Fund Name
CFAL Bond Fund

CFAL MSI Preferred Fund

CFAL Money Market Fund

Royal Fidelity Bahamas G &| Fund
Royal Fidelity Prime Income Fund
CFAL Global Bond Fund

CFAL Global Equity Fund

1.3664
2.8266
1.4467
2.9343
12.6816
93.1999
96.4070
1.0000
1.0000
1.0000
9.1005

28-Feb-10
28-Feb-10
2-Apr-10
31-Jan-00
31-Oct-09
31-Dec-09
31-Dec-09
31-Mar-10
31-Mar-10
31-Mar-10
31-Dec-09

0.19
5.20
-3.54
5.90
3.41
oe

+ Relevant Degree - MBA is highly desirable

+ Minimum 5 years experience

* Leadership skills, with strong motivational and
interpersonal skill

S58
3.41

5.52
1.25
0.79
1.23
5.33

103.095570
99.417680

101.669300
96.739830
FG Financia | Preferred Income Fund
FG Financial Growth Fund

FG Financial Diversified Fund

5.25
4.37
5.34
Royal Fidelity Bah Int'l Investment Fund 5.33
Principal Protected TIGRS, Series 1

Royal Fidelity Bah Int'l Investment Fund
Principal Protected TIGRS, Series 2

Royal Fidelity Int'l Fund - Equities Sub Fund

10.0000 11.2361 12.36 12.36 31-Dec-09

All submissions will be kept confidential.

4.8105 7.6928 -0.31
MARKET TERMS

YIELD - last 12 month dividends divided by closing price

Bid $ - Buying price of Colina and Fidelity

Ask $ - Selling price of i

Last Price - Last traded

Weekly Vol. - Trading volume
ny's reported earnings per share for the last 12 mths
Value

N/M - Not Meaningful

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

47.51 31-Dec-09

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

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

52wk-Low - Lowest closing pric last 52 weeks

Previous Close - Previous day’: ighted price for daily volume
hted price for daily volume

Interested persons should apply in writing to HR Manager:

DA 84367, c/o The Tribune,
PO Box N-3207
Nassau, Bahamas

tal shares traded today
DIV $ - Dividends per share paid in the last 12 months
P/E - Closing price divided by the last 12 month eamin gs
KS) - 4-for-1 Stock Split - Effective Date 8/8/2007
KS1) - 3-for-1 Stock Split - Effective Date 7/11/2007

TO TRADE CALL: CFAL 242-502-7010 | ROYALFIDELITY 242-356-7764 | FG CAPITAL MARKETS 242-396-4000 | COLONIAL 242-502-7525

TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM


THE TRIBUNE THURSDAY, APRIL 15, 2010, PAGE 11B

Fed survey: Recovery is

spreading; jobs still weak





JEANNINE AVERSA,
AP Economics Writer
WASHINGTON

The economic recovery is
spreading to most parts of
the U.S. Merchants are see-
ing better sales and facto-
ries are boosting production,
but many companies are still
wary of ramping up hiring,
the Federal Reserve report-
ed Wednesday.

The Fed's new survey is
consistent with chairman
Ben Bernanke's view that a
modest recovery is unfold-
ing, although it won't be
strong enough to quickly
drive down unemployment
now at 9.7 percent.

All of the Fed's 12 regions



— except for St. Louis —
said "economic activity
increased somewhat." That
was an improvement from
the last Fed survey, released
in early March, where nine
regions reported modest
economic advances. Snow-
storms had crimped activity
along the East Coast.

In the new survey, the St.
Louis region said economic
conditions had "softened."
That was a downgrade from
the previous report when
the region reported mixed
economic conditions.

The Fed report, known as
the Beige Book, will figure
prominently when Bernanke
and his colleagues meet on
April 27-28 to decide the

future course of interest rate
policy. Economists predict
the Fed will continue to hold
rates at record lows to nur-
ture the recovery.

It has kept rates at super-
low levels since December
2008.

Consumers

The new survey suggest-
ed that consumers — whose
spending accounts for 70
percent of national eco-
nomic activity — are doing
their part to keep the recov-
ery going.

Retailers in most parts of
the country reported sales
increases, and merchants



(AP Photo/Seth Wenig)

A TELEVISION indicates that the Fed will keep interest rates unchanged on the floor of the New York Stock
Exchange in New York, Tuesday, March 16, 2010. Stocks held on to modest gains Tuesday after the Fed-
eral Reserve gave a mildly more upbeat view of the economy. The Fed, which also said it will keep inter-
est rates low for “an extended period,” said businesses are spending “significantly” more on equipment
and software. The Fed also gave a marginally more upbeat assessment of the job market, though it said
employers remain reluctant to hire.





Matt Rourke/AP Photo/ File”





wes i Peck. da IN THIS APRIL 2, 2010 FILE PHOTO, workmen manufacture windows at Northeast Building Products
in Philadelphia. The economic recovery is spreading to most parts of the country. Merchants are see-
ing better sales and factories are boosting production, but many companies are still wary of ramping

up hiring.

were "cautiously optimistic
regarding future sales," the
report said.

Sales of home furnishings
and electronic goods rose in
a number of regions.

So did sales of spring
clothing.

Car sales were up in many
places, as well as tourism
spending.

Factories saw improve-
ments, too.

Orders, shipments and
production were up in all
parts of the country —
except for St. Louis.

Many areas reported pos-
itive results in metals and
fabrication.

Makers of auto and auto
parts also saw improve-
ments.

Production rose for elec-
tronic equipment, comput-
ers and high-tech goods.

Trouble spots for the U.S.

economy remain. The hous-
ing market is still fragile and
commercial real-estate activ-
ity stayed "very weak" in
most parts of the country,
the Fed said.

And, job prospects are
still rather bleak for the
nation's 15 million unem-
ployed.

The Fed report noted that
some hiring was evident,
mostly for temporary work-
ers.

Markets

Overall, though, "labor
markets remained weak,"
the Fed report concluded.
Employers added 162,000
jobs in March, the most in
three years, helped by a
burst of government hiring
for census workers.

Going forward, many pri-

vate economists believe job
creation will be feeble,
meaning the unemployment
rate is likely to stay high.

Given the weak jobs mar-
ket and slow-moving recov-
ery, inflation was under
wraps.

For instance, most com-
panies hiring new workers
in the Kansas City region
were not offering higher
salaries to attract qualified
candidates.

In the Dallas region, only
a handful of companies were
planning on partially rein-
stating employer matches to
retirement plans or giving
small pay increases.

The Fed survey is based
on information collected
from the Fed's 12 regional
banks on or before April 5.
The report gives the Fed a
way to keep its pulse on
local economic conditions.





INSURANCE MANAGEMENT
(BAHAMAS) LIMITED

INSURANCE BROKERS & AGENTS

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