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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The Tribune



ANY TIME...ANY PLACE, WE’RE #1





The cost of

US

justice

SEE INSIGHT SECTION

loudier found
(lead in car

Tragic discovery after BI 3 Met

girl, 3, ‘wanders
from mother’s home’

By AVA TURNQUEST
aturnquest@tribunemedia.net

A THREE-YEAR-OLD
girl is believed to have suffo-
cated when she was trapped
in a car after reportedly wan-
dering away from her moth-
er’s home in Fox Hill this
weekend.

Sandria Demeritte, the old-
est of two children by Sandra
McDonald, 44, and Larry
Demeritte, 50, had been miss-
ing for several hours before
her body was found just 100
metres away in a car at her
father’s residence.

The parents, unmarried,
lived in separate houses both
located on Abner Street off
Fox Hill Road.

Police arrived at the parked
green 2001 Nubira Daewoo,
licence plate number 99249,
at around 4.45pm on Satur-
day.

They discovered the child
in the front passenger seat of
the vehicle wearing a jeans
jumper and red shirt with no
visual signs of trauma. The
emergency medical personnel
that responded to the report
pronounced the child dead at
the scene.

a

An eyewitness claimed that
the child was found in a
kneeling position as if she
were trying to get out of the
car. However, there were no
handles on the car’s inside
doors for her to open.

The source identified the
car as an old, abandoned vehi-
cle, but The Tribune could not
confirm up to press time
whether the car was opera-
tional. It is understood that it
was owned by the child’s
father.

According to reports it is
claimed that the father went
to the mother’s house on Sat-
urday, where they are alleged
to have had a disagreement. It
is said he left the house, slam-
ming the door behind him.

Relatives speculate that the
toddler followed her father —
unknown to him — from her
mother’s house to his own
residence. They believe she
let herself into the car, believ-
ing that she was going some-
where with him.

When the father returned
to the mother’s home to take
care of their children so that
she could leave her house to

SEE page 13

ee 5056,
= . LON



USA TODAY

BAHAMAS EDITION

www.tribune242.com

MONDAY, APRIL 19, 2010





Steak Is Back

ime ele









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



COB strike
announced



By AVA TURNQUEST
aturnquest@tribunemedia.net





MAKING good on their negotiations ultimatum,
faculty members at the College of the Bahamas
announced that they intend to strike today.

“Students, parents, brothers and sisters” have been
invited to “cross the picket-line” and join the Union of
Tertiary Educators of the Bahamas (UTEB) who will
be outside the northern gate of the College’s Oakes
Field campus from 8am today.

The union has decided to act on their strike vote —
cast in November last year — towards securing a time-

SEE page 14





Felipé Major/Tribune staff

UTEB PRESIDENT Jennifer Isaacs- Dotson speaks to the press yesterday outside the Michael Eldon Building in front of the College of
the Bahamas. Faculty members at the College of the Bahamas announced that they intend to strike today. See story above.

Woman shot in back
resisting armed robbers

NEW Providence experienced several
armed robberies this weekend, with one
resulting in a woman being shot in her back
when she resisted thugs who stole her car.

Police are now investigating seven armed
robberies that occurred over a period of
less than three days.

Sometime around 3.46 am on Saturday,
police were alerted to a shooting at Nassau
Village.

When they arrived at the scene, they
found a 21-year-old woman of Marathon
Road with gunshot wounds in her back.

According to reports, press liaison officer
Sergeant Chrislyn Skippings said the woman
was in Nassau Village when she was robbed
of her burgundy coloured Nissan Maxima.
When she resisted, she was shot in her back.

The victim was taken to hospital by emer-
gency medical personnel and admitted.

SEE page 13



Ministry denies depleting
paving, pothole budget

OFFICIALS at the Ministry of
Works yesterday denied claims by
the Opposition that it had depleted
its budget for its paving and pothole
patching initiatives some three
months before the end of the cur-
rent fiscal year.

PLP chairman Bradley Roberts
in a Statement yesterday claimed that
the work load of more than 40
employees of the Ministry of Works
and Transport’s Bahamix Plant has
been significantly reduced amid
claims that the ministry has prema-
turely exhausted its budget alloca-
tion for its own in-house road paving
and potholes patching programmes.

SEE page 20









Former radio talk
show host to run as
independent candidate

By MEGAN REYNOLDS (aaa
Tribune Staff Reporter F
mreynolds@tribunemedia.net LI



FORMER radio talk
show host, entrepreneur |
and life-time resident of
Montagu Graham Weath-
erford has announced his
plans to run as an inde-
pendent candidate in the
next general election to address traffic,
crime and education in his constituency.

The 41-year-old father-of-two going
after the seat held by Minister of State
for Social Services Loretta Butler Turner
said he will draw on his extensive profes-
sional and personal experience to offer

SEE page 14

Graham
Weatherford













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THE TRIBUNE

Bahamian among

four in custody
after suspected
cocaine fount

THREE persons from
Florida and one Bahami-
an are in police custody in
connection with the
seizure of suspected
cocaine.

Sometime around
2.10am on Saturday, offi-
cers of the Mobile Divi-
sion while on patrol on
Meeting and Augusta
Streets observed the
occupants of a red 2005
Suzuki Ignus, with a SD
licence plate number
1161, acting suspiciously.

The officers stopped
the vehicle, conducted a
search and recovered a
quantity of a substance,
suspected to be cocaine.

Vehicle

The four occupants of
the vehicle, a Bahamian
man of Rockwell Estates
off Rocky Pine Road, a
husband and wife of
Orlando, Florida, and a
second Florida woman
were taken into custody
for questioning.

Police also arrested a
43-year-old woman of
Hutchinson Street when
they found suspected
marijuana in her handbag.

Acting on a tip, officers
of the Mobile Division at
around 10.40am on Sun-
day proceeded to the
Hutchinson Street area
off Poinciana Drive.

While there, the offi-
cers conducted a search of
a woman and her handbag
and recovered a quantity
of suspected marijuana.

Investigations contin-
ue.

PAGE 2, MONDAY, APRIL 19, 2010



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THE TRIBUNE

MONDAY, APRIL 19, 2010, PAGE 3



LOCAL NEWS

GB Humane Society defends
relocation of dogs to the US”

By MEGAN REYNOLDS
Tribune Staff Reporter
mreynolds@tribunemedia.net

CRITICISM by PLP chair-
man Bradley Roberts of the
Grand Bahama Humane Soci-
ety’s efforts to relocate 88 shel-
ter dogs in Florida has been
shot down by the charity.

Mr Roberts said the trans-
portation of the potcakes pub-
licised on South Florida news
station WSVN gave a negative
portrayal of the country. He
said Grand Bahama residents
were made famous as people
too poor to care for their ani-
mals or even feed themselves.

“This is a total disgrace,” Mr
Roberts said.

“Pets are an integral part of
any modern society, and if you
allow the world to look at us as
a nation without policies and
procedures to manage the
affairs of pets, you will be
looked at as an uncaring
nation.”

But executive director of the
Grand Bahama charity Eliza-
beth “Tip” Burrows said the
largest ever puppy lift to the US
is nothing but a success story
for the dogs that would other-
wise have had to have been
killed. As the only animal con-
trol facility on the island the
Grand Bahama Humane Soci-
ety took in 1,700 animals last
year and was only able to find
homes for 200 of them on the
island.

The dogs sent to the US ear-
lier this month will be guaran-
teed new homes as they were
distributed at reputable shelters
across the country.

But the healthy animals
could not be guaranteed a
chance at life if held in the
Freeport animal shelter which
was built to hold around 200
animals, but was overcrowded
with 398 dogs when the dogs
were flown to Fort Lauderdale.

And around 88 homeless
dogs have been brought in since
the puppy lift, Mrs Burrows
said.

“What would they prefer us
to do with the animals?” she
asked.

“Tf you put healthy animals
to sleep it’s not euthanasia, it’s
not mercy killing, it’s killing.

“We are not looking at send-
ing dogs away as a solution to
the problem, it’s a solution for
those animals, but the solution
to the problem is more
resources, more spay and neuter
clinics, and more education and
legislation.”

The non-profit Grand
Bahama Humane Society
receives no government fund-
ing while carrying out the civic
function of the animal control
unit in the absence of such a
government facility in Grand
Bahama.

And the shelter has been
under added pressure in the
recession as about 80 per cent of
dogs admitted to the Humane
Society last year were brought
in by owners who could no
longer afford to keep them, Mrs
Burrows said.

The government animal con-
trol unit in New Providence
reported the same trend in the
recession.

However, the international
rescue effort to save the lives
of the healthy pets has been
interpreted as a source of shame
by Mr Roberts and others
embarrassed by the US media

coverage.

“The story sheds a very bad
light on the Bahamas,” said the
PLP chairman.

“How can it be that a group
of volunteers along with a crew
of reporters from a foreign tele-
vision news station, Just dance in
on an island lke Grand

eee Be Rosie
ee Ls
AWE

Uae bate
322-2157







ABOVE: Dogs are ready for their lift to the US.
RIGHT: Max, who is now living happily in Denver, Colorado

Bahama, ups with 88 dogs and
leave without consulting any
government authority?

“Then go on to make such
serious allegations about the
people not being able to take
care of themselves, let alone
pets, and that there are only a
few good homes on the island,
and yet not a word from this
wutlus government, with such
proven leadership?”

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But the moving of shelter
animals to the US requires no
permission other than the
health certificates the potcakes
had been issued, Mrs Burrows
said. She emphasised how the
stray dog problem in Grand
Bahama is more than a political
game, as the Humane Society
has been fighting for outdated
animal rights legislation deter-
mined in 1942.





Mrs Burrows said: “If gov-
ernment wants to get involved
and do something I would work
on getting some modern legis-
lation in place and funding for
groups.

“Tt would be good if govern-
ment would pay more attention
to the animal problem.

“We have tried to get sup-
port from both the PLP and
FNM governments for at least
the last 10 years,” she said.

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Teenager suffers knife
_ wounds after argument

A 19-YEAR-OLD man suffered Knife wounds in his
head after getting into an argument with a group of men on
Tonique Williams-Darling Highway.

The incident took place at around 12.09 am on Sunday.

The injured man was taken to hospital by emergency

medical personnel.

No status update was given yesterday by police as to the

victim’s condition.

Two women, man questioned
after illegal firearm found

TWO women and one man
were taken into police custody
after an illegal firearm was
recovered from a house in the
Baillou Hill Road area.

Officers of the Mobile Divi-
sion and the Selective Enforce-
ment Team executed a search
warrant at a residence on Dun-
more Street off Baillou Hill

Road on Friday at around
7.56pm.

The officers searched and
found a handgun with ammu-
nition in an eastern bedroom
closet.

Three people, two women,
aged 23 and 27, and a 32-year-
old man, all of Dunmore Street
were taken in for questioning.

Man drowns in driving trip

A 52-YEAR-OLD man of Illinois drowned during a diving
trip off Blanket Sound, Andros, on Saturday.

The incident happened sometime around 3.45pm on Saturday.
The victim was taken to the local clinic, where he was pro-
nounced dead by the presiding physician.

Police yesterday did not release the name of the drowning vic-
tim, but officers in Fresh Creek said they would have more

information by today.

Because of its proximity to the Tongue of the Ocean, Andros
has become popular for scuba diving, including such well-known

divers as Jacques Cousteau.

The first dive resort in Andros was built in Blanket Sound by
Archie Forfar, a Canadian who died trying to break the Guin-
ness world record for deep diving.

Today, the site is an environmental education facility owned
and operated by International Field Studies.

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







PAGE 4, MONDAY, APRIL 19, 2010

EDITORIAL/LETTERS TO THE EDITOR

THE TRIBUNE





The Tribune Limited

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

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

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

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

Publisher/Editor 1919-1972
Contributing Editor 1972-1991

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

Publisher/Editor 1972-

Published Daily Monday to Saturday

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

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

WEBSITE
www.tribune242.com — updated daily at 2pm

Time to be realistic gambling

TO GAMBLE or not to gamble, that is
the question.

Former prime minister Perry Christie
believes that to legalise “the numbers busi-
ness” in the Bahamas would have “enor-
mous implications” for the tourism indus-
try as well as “deep social implications.”

Prime Minister Hubert Ingraham has met
with the Christian Council, which really rep-
resents the Baptist voice, a voice that is rigid-
ly against gambling in any form — as a mat-
ter of fact it is a tenet of their religion. How-
ever, there are other churches — the
Catholics in particular — that use a benign
form of gambling — bingo and raffles — to
raise funds to help operate their schools and
various other organisations.

From time to time the police have raided
the various numbers houses — including the
largest one of all, the Flowers enterprise—
vowing that as long as gambling remains on
the statute books they are going to enforce
the law and stamp it out.

And then there are the people, who are
making a fool of them all. The numbers
game has become a part of their religion,
and police or no police, law or no law, they
intend to play the numbers. Why even police
officers have been seen at the numbers win-
dow waiting to take their chance. And we
know of Baptists who have asked for birth
dates, hoping that playing those dates will
flip a few extra coins in their pockets.

Meanwhile, crime grows in our commu-
nities and society needs protection. There are
not enough police officers to go around, so
the Christian Council will have to make up
its mind and face reality. Do these men of
the cloth want the police to chase the num-
bers man, and his patrons, or the gun-toting
criminal who breaks into their homes, steals,
rapes and murders? A realistic choice has to
be made.

The Council is adamant that gambling
should be stamped out, rather than legalised
and controlled. The numbers racket has been
allowed to go on far too long in this county,
so long that even a police state would find it
impossible to suppress it. If government lis-
tens to the Council, nothing will be done
and the street corner numbers racket and
Flowers’ more sophisticated operation will
continue to flourish. The people will con-
tinue to make a fool of the law, and the
police will be stretched thin in trying to chase

both the harmless and the vicious criminal. It
is now time that the Christian Council faces
reality.

In discussing the matter in the House of
Assembly this was Prime Minister’s Ingra-
ham’s realistic view of the situation:

“Now, Mr Speaker, this society on a Sun-
day morning, you go to the gaming houses,
to Flowers and those places, and it is like a
bank on payday — government payday. They
are set-up like a bank, hundreds and hun-
dreds and hundreds of places. Well, either
we believe that it is illegal, or we believe
that it should be legal,” said Mr Ingraham.

“T told the commissioner of police last
week, that it seems to me that we are unable
to enforce that law, and that I was going to
give consideration to legalizing the numbers
business. Of course he didn’t support me in
that thinking, but the reality is that it is not
an enforceable law. And the society is doing
it everyday. There is webshop here, and a
webshop there, all over the island,” said the
prime minister.

The phenomenon of webshops — gaming
houses — have now spread across the Fami-
ly Islands, noted Mr Ingraham, to places
such as Abaco, Exuma and Bimini. He said
of the phenomenon, “it’s nationwide.”

As it cannot be controlled, then manage
it, and tax it to the point that its revenue
can benefit all of the Bahamian people. Edu-
cation, the medical facilities and sports all
desperately need an infusion of funds to
improve their services to the nation.

In Barbados, for example, the national
lottery is made up of the Barbados Olympic
Association, the Barbados Cricket Associa-
tion, the Barbados Turf Club and the
National Sports Council.

It was announced that GTECH Hold-
ings Corporation has a management agree-
ment to operate and manage the Barbados
Lottery. During the 18-year agreement
GTECH expects to generate revenues
between $80 and $100 million.

Can one imagine what government could
do with such funds?

The Bahamian people have already
decided the issue. Regardless of the law,
they intend to play their numbers. It would
be better for all of society if this game of
chance were decriminalized, taken in out of
the cold and controlled by the laws of the
land.



DON STAINTON |
PROTECTION Lid.

My love and
admiration for
Sir Arthur Foulkes

EDITOR, The Tribune.

The swearing in of Sir Arthur
Foulkes this morning as Gov-
ernor General of The Bahamas
was an extremely joyous occa-
sion for me personally and I
could not allow it to pass with-
out comment. It is no secret to
those who were regular read-
ers of my column “Oswald
Brown Writes” that I have a
great deal of love and admira-
tion for Sir Arthur. He is one of
two individuals, the other being
the late Sir Etienne Dupuch,
who were responsible for laying
the foundation for whatever I
have accomplished in my
almost fifty years as a journalist.

I first met Sir Arthur when I
went to work with The Nassau
Tribune as a trainee reporter
in May of 1960 and he was that
paper’s news editor. Like Sir
Etienne, The Tribune’s pub-
lisher and editor at the time, he
took a keen interest in my jour-
nalistic training, but Sir Arthur
also provided me with wise
counselling when my some-
times questionable behaviour
outside the work environment
suggested that I needed his sage
advice. I am a much better
human being today because of
the special interest he invested
in my personal development.

Sir Arthur is unquestionably
one of the most caring, decent,
unselfish and committed indi-
viduals I have encountered in
my lifetime. His more than fifty
years involvement in politics
provides a storehouse of evi-
dence to support this con-
tention. It is indisputable that
he was supremely committed
to the progressive struggle;
indeed, a point that I often
made in the past when dis-
cussing this issue is that no one
individual in this country made
a greater sacrifice to the strug-
gle that led to the Progressive
Liberal Party’s victory in the
1967 general election than
Arthur Alexander Foulkes did.
No one individual put as much
as he did on the line in 1962
when he agreed to offer him-
self as a candidate for the PLP
in the general election. Several
of those who in later years
basked in the glory of the PLP’s
eventual victory in 1967 and
became very wealthy because
of their involvement in the PLP
government flatly declined to
run in 1962 when they were
approached by the party
because they did not want to
jeopardize their comfortable
jobs.

Not so with Sir Arthur. At
the time, he had a very com-
fortable and financially reward-
ing job as news editor of The
Tribune. He also had a huge
family to support, including six
or seven children at the time,
but he nonetheless made a deci-
sion that very few people in his
position would have had the
courage to make, especially
considering the area where the

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PLP had chosen for him to run.
Arthur Foulkes and Arthur
Hanna were the two PLP can-
didates in the Far Eastern Dis-
trict. Their United Bahamian
Party (UBP) opponents were
Geoffrey Johnstone and Pierre
Dupuch, the son of his boss, Sir
Etienne.

Surely, Sir Arthur must have
considered the prospect that his
future employment at The Tri-
bune would be jeopardized by
his decision to run against the
son of his boss.

It took a special brand of
courage for a young man with
six or seven children to put his
job on the line for a cause in
which he believed.

In examining the pros and
cons of making such a decision,
he obviously had to think of
how it would affect his family,
but the PLP had made tremen-
dous strides politically and, with
women voting for the first time,
the party appeared to be on the
brink of defeating the UBP at
the polls, if it could field a good
slate of candidates. As it turned
out, the PLP did not win the
election, and Sir Arthur lost his
bid for a seat in the House. The
results may have been differ-
ent for him, however, if sup-
porters of the PLP had not
been hoodwinked into think-
ing that both PLP candidates
would win their seats, but it was
important for Arthur Hanna to
be elected as the senior repre-
sentative. The voting process
at the time allowed for the elec-
tion of a senior and junior rep-
resentative in some districts.
Under this system, voters in
areas where two candidates
were running for a party could
give each candidate a vote or
to “plumper” one candidate by
giving him both votes, but the
two votes would only count as
one. Arthur Hanna tallied the
highest number of votes, includ-
ing more than 100 plumper
votes, to be elected as the
senior member, while Mr. John-
stone finished second to be
elected as the junior member.
However, his margin of victory
over Sir Arthur was less than
50 votes, which meant that if
51 of those who gave Mr. Han-
na a plumper vote had sup-
ported Sir Arthur, he would
have been the junior member.

After he failed in his bid for
a House seat in 1962, Sir
Arthur resigned from The Tri-
bune to become the founding
editor of The Bahamian Times,
the official organ of the PLP.

No one who was involved in
the progressive struggle at the
time can honestly dispute the
fact that The Times played a
key role in the PLP’s victory in
1967.

But beyond the journalistic
contributions Sir Arthur made
in promoting the PLP and its
message, he was one of the
most sought-after speakers in
the party because of his
dynamic oratory.

In the historic 1967 elec-
tions, which ended centuries of
white minority rule, he was the
PLP’s candidate for the Grants
Town constituency and
emerged victorious.

Over the subsequent years,
he served his country in vari-
ous capacities politically and in
the diplomatic arena. It is there-
fore a more than well deserved
honour that he has been sworn
in as the eighth governor gen-
eral of The Bahamas. Congrat-
ulations, my good friend and
mentor. God is good.

OSWALD T. BROWN
Freeport,
Grand Bahama.

(Sir Arthur Foulkes resigned
from The Tribune before the
1962 election in which he was
defeated. In the editorial of
Wednesday, April 14, it was
stated that he had resigned in
1963. This date was incorrect,
he resigned before the 1962
election.— Ed).

NEU

Hag 9

EDITOR, The Tribune.



Friday afternoon, one hour
and thirty minutes in traffic
from Victoria Avenue Bay
Street to Village Road junction,
chaos and callous ignorance on
display at every intersection
along the way but nary a
glimpse of the police road traf-
fic division, so much for dili-
gence, dedication to duty and
concern for the motoring pub-
lic.

Finally, sublime ignorance in
the persons of two of the
RBPF's finest, sirens howling
madly, arrogantly butting their
way a yard a minute through
the gridlock creating further
pandemonium, in order to
ensure that the two convicts in
their care are returned home
in time for dinner.

It truly is better in the
Bahamas.

IAN MABON
Nassau,
April 17, 2010.





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THE TRIBUNE

MONDAY, APRIL 19, 2010, PAGE 5

LOCAL NEWS



Arrest over alleged
theft from charity

By DENISE MAYCOCK
Tribune Freeport
Reporter
dmaycock@tribunemedia.net

FREEPORT - A 47-year-
old male resident of Hudson
Estate who was allegedly
caught with stolen items from
a local charity organisation
was arrested by police early
Friday morning.

Asst Police Supt Loretta
Mackey said the arrest was

made sometime around
1.15am while officers were
on patrol in the Livingstone
Drive area, near downtown
Freeport.

According to reports, offi-
cers observed a man carry-
ing a container and acting
suspiciously. They stopped
and questioned him.

While searching the con-
tainer officers discovered sev-
eral items that were suspect-
ed of being stolen. The man

was taken into custody by
police.

Ms Mackey said later that
morning around 9am, police
received a report from a rep-
resentative of the Grand
Bahama Red Cross Building
on Livingstone Drive that
several items had been stolen.

The suspect is expected to
be formally charged with
shopbreaking and stealing in
the Freeport Magistrate’s
Court today.

Bahamian pilots held in Dominican
Republic on trafficking charges






PUSHIN’ DA ENVELOPE

By Jamaal Rolle



TWO Bahamian pilots accused of traf-
ficking Dominican migrants bound for
the United States will have to remain in
jail in the Dominican Republic until their
trial starts in eight months, authorities in
Santo Domingo ruled on Friday.

Kennett Courdero Whymns and Mar-
vin Dennis Cabral were arrested last week
and accused of trying to fly five people to
the Turks and Caicos Islands with false
visas and passports, the Associated Press
reported.

The migrants had reportedly each paid

around $20,000 for the trip to Providen-
ciales where they were to board a boat
to the US, prosecutor Yenny Reynoso
said.

The Bahamian pilots are also accused
of previously organising at least five sim-
ilar trips.

Dominican authorities said they are
cracking down on illegal charter flights
after a group of 11 migrants boarded a
plane in December 2008 that disappeared
over the Atlantic Ocean, the Associated
Press reported.

Spelling Challenge ‘well
supported’ by community

By DENISE MAYCOCK
Tribune Freeport
Reporter
dmaycock@tribunemedia.net

FREEPORT - About 60
spellers will be participating
in the fourth annual
Church of the Ascension
Spelling Challenge on April
25.

Brian Hanna, chairman
of the Spelling Challenge,
said the event has been well
supported by the commu-
nity.

He said participation has
steadily increased each
year.

“We are pleased with the
support we have gotten
over the years,” he said.

The first year we had 28
spellers, we had 67 the sec-
ond year, and 76 in the
third year.

“Initially, we wanted to

bring young persons in the
church together and excite-
ment grew within the com-
munity so eventually we
opened it up to anyone
who wanted to partici-
pate...and it has been well
supported by schools on
Grand Bahama,” he said.

Mr Hanna said the
Spelling Challenge is open
to students aged 8-12 years.

The prizes include a lap-
top computer for first
place, IPOD for second
place and DVD player for
third place. There also will
be a raffle drawing and
door prizes.

Mr Hanna said the
Rotary Club of Sunset is
co-sponsoring the event.

“T was pleased that Mr
Hanna approached us to
become a part of the
Spelling Challenge this
year,” said Mr Ward, pres-

ident of the Rotary Club of
Sunset.

“We are newly estab-
lished club on Grand
Bahama and Rotary Inter-
national is big on literacy
and we want to be a per-
manent supporter of this
event,” he said.

The Spelling challenge
will be held at the Church
Hall on West Beach Drive
at 12 noon.

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PAGE 6, MONDAY, APRIL 19, 2010

THE TRIBUNE

National Children’s

Choir are special guests
at concert series opener

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By REUBEN SHEARER

THERE was no fanfare or
ticker tape parade for the
youth of the National Chil-
dren’s Choir as they arrived
from Prague at the Lynden
Pindling International Airport
last month.

Fresh from a performance
on the international stage at
the Young 2010 Prague Festi-
val and competition in Prague,
capital of the Czech republic,
the choir brought a Caribbean
“flavour” to the competition,
and had every reason to be
proud. It was the perfect
award to cap 20 years of the
choir’s existence on the inter-
national scene.

Early on in the Prague
competition, the choir estab-
lished themselves as a crowd
favourite. With just 27 mem-
bers, they were the only
ensemble from the Western
Hemisphere taking part in any
division of the Prague festi-
val.

Capturing the Prague
Bronze Award, the choir
rounded out the top three of
competition winners — their
first time competing in the
European singing face-off.

In recognition of the
National Children’s Choir’s
recent feat, the Wyndham’s
management team dedicated
the first of a five-part April
concert series, which started
Sunday, in honour of the
choir’s accomplishments at a
new dinner and concert expe-
rience that will feature top
recording artists in local
gospel music entertainment.

The concert featured the
National Children’s Choir as
special guests, followed by the
gospel group “Shaback,”
which paid tribute to the choir
in a special segment.

Alfred Dean, co-director
of the National Children’s





aes es *
‘alle tesa

THE NATIONAL CHILDREN’S CHOIR performing in the Czech

Republic at Prague Festival.

Choir said, “The choir will be
performing a few items that
we used to win the competi-
tion in Prague.

“Five songs will be sung,
including ‘Dis we Bahamian
(medley),’ and spiritual num-
bers ‘Total Praise’ and ‘Lift
Thine Eyes.’”

The National Children’s
Choir performed these and a
touching rendition of Clement
Bethel’s, “When the road
seems blocked,” to a captivat-
ed audience at the Prague fes-
tival.

On Sunday, at the Wynd-
ham Nassau Resort, the choral
put on an hour-long show.
Patricia Bazard, Audrey
Wright, and Alfred Dean had
been preparing all 132 mem-
bers for last night’s big
moment.

Over the years, the Nation-
al Children’s Choir has been
financially supported by local
business firms that work close-
ly to foster youth development
and culture, and the Wynd-
ham Nassau Resort was

pleased to be added to the list
of the choir’s patrons this year.

Lowena West, public rela-
tions consultant at the hotel
told The Tribune, “to have a
corporate partner like the
Wyndham pay tribute to the
National Children’s Choir is
significant.

“The Wyndham is putting
on this concert to celebrate
these children, their parents,
and the schools they repre-
sent, and we will be making a
presentation to them as well,”
he said.

Mark Hawken, Assistant
General Manager at the Wyn-
dham said, "This celebration
of deep rooted community is
not to be missed, and the
Wyndham Nassau Resort
offers great tastes at a Gospel
music series launch event for
all Bahamians and visitors to
enjoy.”

The first concert took
place last night, starting with a
dinner at Seaside Restaurant
at 6pm, with live music at the
Rainforest Theatre at 7.30 pm.

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THE TRIBUNE

MONDAY, APRIL 19, 2010, PAGE 7

Bahamians urged to get an

audit of their homes

energy

By GENA GIBBS
Bahamas Information
Services

BAHAMIANS are improv-
ing their energy efficiency by
taking advantage of the ener-
gy audit programme offered
by the Bahamas Electricity
Corporation. The programme
began this March and will be
in effect until September.

In a recent exclusive inter-
view with Bahamas Informa-
tion Services, State Minister
for the Environment Phenton
Neymour said, “We want
BEC customers to call in as
soon as possible at 302-1000
and request an audit to be
performed on their house. It
is free of charge whether or
not you take the engineer’s
advice.”

“BEC will enter your home
to look at your appliances,
consumption history, and
assess whether your appli-
ances are appropriate or
advise you to replace them
with energy efficient appli-
ances.”

The Ministry of the Envi-
ronment is footing the bill for
energy audits to reduce the
economic burden of the
national fuel consumption.

“It is very expensive for the
Ministry to offer this service,
but in the end the savings will
be passed on to the Bahami-
an people,” said Mr Ney-
mour.

“If Bahamians learn cost sav-
ing measures, they would have
more money to spend on other
things, so this project needs to
be successful.”

For the next six months,
BEC will spearhead the pro-
gramme by assigning its engi-
neers to conduct the inspec-
tions, in accordance to the
guidelines outlined in the
National Energy Policy.

“This energy audit is
about reducing your energy
bill to give you more money
in your pocket,” said Mr
Neymour.

The Ministry of the Envi-
ronment can use the feedback
from the audits to measure
public support of government
programmes to promote con-
servation.

“When we did the energy
audit of Prime Minister
Ingraham’s home, we found









his energy savings would
come from changes to his air
conditioning system,” said Mr
Neymour.

“When we did the audit of
Minister (Earl) Deveaux’s
home, we realised the energy
savings could come from
changes to his lighting, so
savings can come from dif-
ferent areas depending on
how your house is configured
and what appliances you
have.”

Mr Neymour, a profession-
al engineer, performed his
own energy audit and
reduced his home energy con-
sumption by at least 30 per
cent.

“My house does not have
an air condition unit because
there are certain design fea-
tures I put into the design of
my home to reduce energy

consumption,” said Mr Ney-
mour.

“As I like to say, older
Bahamians were no fools
when they built their homes
with high pitched roofs and
windows on the top of the
pitch. When they opened
that window, the hot air
would rise and be able to
escape.”

Air-conditioning, water
heaters, and fuel for cars are
the three basic areas where
energy is mostly consumed.

“Tf you have a solar water
heater, the sun will heat the
water up, so you save on elec-
tricity and the heater pays for
itself,” said Mr Neymour.

“Now is the time we need
to address energy consump-
tion in all sectors of our econ-
omy because going green is
going Bahamian.”

Creative ways to
buy a home or land

By MIKE LIGHTBOURN

WITH banks tightening up
on mortgages, a person who
would have qualified for a
loan a couple of years ago
may get turned down.

This can be quite frustrat-
ing, especially as prices have
adjusted to more realistic lev-
els. If you can afford to, this is
a good time to make the leap
into property ownership.

First time purchasers who
are in a position to do so will
want to take advantage of the
Government’s stamp tax
exemption on properties
priced below $500,000. This
is not an automatic exemp-
tion — it has to be applied
for.

If there was ever a time for
creative financing, it’s now.
Avoiding banks entirely, if
possible, has its advantages.

Occasionally vendors are
willing to finance the pur-
chase of a home or property,
sometimes at favourable
terms. Generally this is more
likely to be possible on vacant
properties or those in an Out
Island.

Ask your Bahamas Real
Estate Association agent to
be on the lookout for owner
financing options.

In many cases, a purchaser
will qualify for a loan that falls
short of the amount they need
to buy the home they desire.

That loan can be used as a
stepping stone to a better
home. Your first home may
be far from ideal. However,
you can renovate it as funds
permit, all the time building
equity towards the purchase
of a nicer home down the
road.

If your parents will allow
it, consider living with them
while you rent your newly
purchased home for the first
couple of years. The rent

could be applied towards the
mortgage payments, helping
you build equity. Comments
or questions? E-mail me at
@ColdwellBankerBa-
hamas.com.

Tip of the week — Don’t
over extend yourself. Allow
things to fall in place with
time. The first home I pur-
chased in the late ’60s was
with the down payment being
alot I had purchased the year
prior and a mortgage for the
difference.

¢ Mike Lightbourn in pres-
ident of Coldwell Banker
Lightbourn Realty in Nas-
sau.



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LEFT: Signs in the BEC
headquarters lobby advertise
the energy audit programme
available to electricity cus-
tomers, wishing to learn more
about reducing their energy
consumption. People are
asked to call 302-1000 to
schedule an audit between
now and September 2010.

RIGHT: The Ministry of the
Environment urges Bahami-
ans to schedule an audit of
their homes to learn the dif-
ferent areas where energy is
being consumed.

Gena Gibbs/BIS





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PAGE 8, MONDAY, APRIL 19, 2010

THE TRIBUNE



22
GBPA extends support

to sp

ecial athletes

from Grand Bahama

THE Grand Bahama
Port Authority is support-
ing the efforts of the Grand
Bahama Island Special
Olympic athletes in pursuit
of their participation in the
2010 National Champi-
onships.

Special Olympics were
founded on the belief that
people with intellectual dis-
abilities can, with proper
instruction and encourage-
ment, learn, enjoy and ben-
efit from participation in
individual and team sports.

The GBPA said it is
proud to lend financial sup-
port to the training of the
athletes for the 2010
National Championships,
which will be held in New
Providence this summer.

Cheque

GBPA director of com-
munity relations, Geneva
Rutherford, represented
GBPA executives and
donated a cheque to the
Special Olympics Commit-
tee of Grand Bahama in
the lobby area of the Port
building.

“GBPA is well aware
that due to the state of the
economy, active fundrais-
ing has been a challenge
for many organisations.

“In spite of this, GBPA
remains committed to
funding impactful pro-
grammes that make a
meaningful difference in
our communities,” she
said.

The mission statement
for all Special Olympians
is to provide year-round
sports training and athletic
competition in a variety of
Olympic type sports for

gr,

Ne









1
: {*
- a t a







SPECIAL OLYMPICS of Grand Bahama Track and Field coach
Renee Russell (left) accepted a cheque on the committee’s behalf
from the Grand Bahama Port Authority presented by GBPA’s direc-
tor of community relations Geneva Rutherford.

children and adults with
intellectual disabilities, giv-
ing them continuing oppor-
tunities to develop physi-
cal fitness, demonstrate
courage, experience joy
and participate in sharing
of gifts and friendship with
their families, other Spe-
cial Olympics athletes and
the community.

Grand Bahama Special
Olympic Track and Field
coach Renee Russell
received the cheque from
GBPA on behalf of the
Special Olympics Commit-
tee of Grand Bahama.

“Our athletes train hard

National Championships
held in Nassau.

“Twenty athletes attend-
ed the December 2009 Bas-
ketball Tournament in
Nassau and brought home
the gold medals in their
divisions. Our athletes
have competed in China
and in 2011, we plan to
compete in the Special
Olympics World Summer
Games hosted in Athens,
Greece,” she said.

Ms Russell showed
appreciation for the dona-
tion: “We thank the Grand
Bahama Port Authority for
today’s donation. This
and it shows that hard money will be immediately
work does pay off. used to outfit the athletes

“Grand Bahama sent 40 and aid in travel expens-
athletes to the 2009 es.”

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THE TRIBUNE

MONDAY, APRIL 19, 2010, PAGE 9

LOCAL NEWS







Catholic Board of Education
honours 90 colleagues

By JOAN ROLLE AND
BERNADETTE RAMSEY-JOHNSON



IN conjunction with the Catholic Board of
Education’s 120 anniversary celebrations, an
awards ceremony was held last Monday at St
Paul’s Catholic Church Parish Hall, Lyford Cay.

Under the theme “A Year of Favour from the
Lord”, around 250 New Providence administra-
tors, teachers and support staff gathered to hon-
our 90 of their colleagues who were being recog-
nised for their uninterrupted service to the
Catholic educational system of between 10 and 41
years.

Senator Dr Jacinta Higgs, the keynote speak-
er, spoke on the transition of development of
education from ancient to modern times.

Archbishop Patrick Pinder blessed, addressed
and presented awards to those being honoured.
He was assisted by Mr D’Arcy Rahming, vice-
chairman of the Catholic Board of Education.

During the service musical interludes were
provided by the Aquinas College Concert Band,
and the Catholic Diocesan Teachers’ and Staff
Choir under the direction of Mr. Jacob McPhee.
Ms. Nicolasena Davis-Maycock (St. Thomas
More) and Mr. Dion Turnquest (Our Lady’s)
also rendered special musical tributes.

Archbishop Pinder took time away from a
priest retreat at Emmaus Centre to address the
teachers and staff stating that Catholic Education
is the largest social outreach ministry of the
Catholic Archdiocese of Nassau. He thanked all
stakeholders of Catholic Education and encour-
aged them in the sacred Mission of Education.

Listed below are those who were honoured.

30 OR MORE YEARS OF SERVICE:

Sister Jacinta Neely, Order of St

Benedict, at Aquinas College, 41 years.

Patricia Coakley, Catholic Education Centre, 37
years.

Euleta McKenzie, St Thomas More, 36 years.
Madge Clare, Our Lady’s School, 35 years.
Bernadette Ramsey-Johnson, Aquinas College, 33

years.
Emily Lockhart, St Bede’s School, 32 years.
Rosemary Daniels, St Thomas More, 30 years.

20 TO 29 YEARS OF SERVICE:
Bernadette Methollal, Aquinas College, 29 years.
Barbara Moseley-Gray, Sts Francis and Joseph, 29

years.
Claudette Rolle, Catholic Education Centre, 28 years.
Randol Dorsett, Aquinas, College, 28 years.

Marcel Sherman, Aquinas College, 28 years.

Cheryl Huyler, St Cecilia's School, 28 years.

Leo Delaney, St Cecilia’s School, 28 years.

Marie Rodgers, St Cecilia’s School, 28 years.

Gloria Knowles, Sts Francis/Joseph, 28 years.

Janet Sands, St Thomas More, 27 years.

Shona Knowles, Aquinas College, 26 years.

June Hutcheson, Aquinas College, 25 years.

Linda Johnson, Our Lady’s School, 25 years.

Judith Nixon, St Cecilia's School, 24 years.

Joan Rolle, Catholic Education Centre, 24 years.
Jose Josephs, Aquinas College, 22 years.
Brenda Watkins, Aquinas College, 22 years.
Kathleen Dallin, Xavier's Lower School, 22 years.
Joan Cates, Aquinas College, 21 years.

John Sosu, Aquinas College, 21 years.
Stephanie Coley, St Cecilia’s School, 21 years.
Charmaine Young, St Cecilia’s School, 21 years.
Wynsome Tulloch, St Thomas More, 21 years.
Nova Miller-Irving, Xavier's Lower School, 21 years.
Sister Marva Coakley, Order of St Benedict, St
Bede’s School, 20 years.

10 TO 19 YEARS OF SERVICE:

Fanette Francis, Xavier's Lower School, 19 years.
Jacob McPhee, Aquinas College, 19 years.
Romia Passley, St Cecilia’s School, 19 years.
Faye Penn, St Cecilia’s School, 19 years.
Kathleen Wallace, St Bede’s School, 19 years.
Jacintha Goffe, Sts Francis/Joseph, 18 years.
Dannavan Morrison, Catholic Education, Centre, 17
years.

Kenva Johnson, St Cecilia’s School, 16 years.
Helena Cargill, Aquinas College, 16 years.

Gretal Collie, Aquinas College, 16 years.

Elizabeth Morrison, Aquinas College, 16 years.
Margaret Bennett, Aquinas College, 12 years.
Lawrence Irving, Aquinas College, 12 years.
Maureen Seymour, Catholic Education Centre, 12

years.
Annette Alfred, Our Lady’s School, 12 years.
Eustace Punch, Our Lady’s School, 12 years.
Ronnise Seymour-Heastie, Sts Francis/Joseph, 12
years.

Oscone Petit-Frére, Sts Francis/Joseph 12 years.
Charmaine Brown-Major, St Thomas More, 12 years.
Makeba Calder-Bain, Xavier’s Lower School, 12
years.

Wanda Burrows, Aquinas College, 11 years.

Induy Sinoid, Aquinas College, 11 years.

Pamela McCartney, Catholic Education Centre, 11
years.

Maria Ajero, Our Lady’s School, 11 years.

Crystal Greeur, Our Lady’s School, 11 years.
Heslin Oliver, Qur Lady’s School, 11 years.
Amanda Dorsett, Xavier's Lower School, 11 years.
Hilaire Oscar, Xavier's Lower School, 11 years.
Kenria Dorsett, St Francis/Joseph School, 10
years.

Coresia Kemp, St Francis Desales, Abaco, 10
years.

The day ended with a luncheon and the awards
presentation. Mrs. Claudette Rolle, Director of
Catholic Education, thanked the planning com-
mittee members and all those persons who made
the day possible. She also thanked all the teach-
ers and staff who continue to make the changes,
sacrifices and provision for the development of
our young.

“The Catholic Board of Education will host
further award ceremonies for those teachers who
have been working on the family islands as we
celebrate this Year of Favour from the Lord,”
said a spokesman.

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PAGE 10, MONDAY, APRIL 19, 2010

THE TRIBUNE



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After a year of the EPA with Europe:
insight

WORLD VIEW -

By SIR RONALD
SANDERS

(The writer is a Consultant
and former Caribbean
Diplomat)

THE European Commis-
sion (EC) will be holding a
symposium on April 22 and
23 on the year-old Econom-
ic Partnership Agreement
(EPA) between the Euro-
pean Union (EU) collec-
tively and 15 Caribbean
countries individually.

There is, as yet, no indi-
cation that Caribbean gov-
ernments or the Caribbean
Community (CARICOM)
Secretariat will be holding
a similar exercise.

It has to be assumed that
each of the governments
that signed the EPA has
long established units both
to implement its terms and
to monitor its effects on indi-
vidual economies.

Therefore, relevant
authorities in each of the
Caribbean states as well as
the Secretariat of the
Caribbean Community
(CARICOM) should be
able to provide a list of the

benefits that have been
secured from the EU under
the EPA. Our publics had
been told that we would
benefit not only from the
exports of new goods and
commodities to the EU but
also from the provision of a
wide range of services.
Additionally, Caribbean
companies would have the
right of establishment in the
EU.

Information

Against this background,
it should be fairly easy for
the competent authority in
each country to provide
information related to just
a few matters such as: what
preparations and actions
have been taken by
exporters of goods and espe-
cially services to access the
EU market; what are the

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investment plans by compa-
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ficult are their plans look-
ing for access to Europe.

There is a very important
clause in the EPA which
allows for a review of it
within five years of its com-
ing into force. That clause
was hard fought for, and
came about only because
Guyana’s President Bharat
Jagdeo had the courage to
insist upon it even after oth-
er Caribbean governments
had agreed to sign the EPA
without such a review mech-
anism.

In defence of several
Caribbean heads of govern-
ment, it should be noted that
they were reluctant to sign
and many did so only after
their crucial exports of
bananas and sugar and some
manufactured goods (from
Trinidad and Tobago for
instance) were threatened
by the EC with a higher tar-
iff in the EU market.

But, if the EPA is to be
properly reviewed — and it
should be subject to such a
review on an annual basis —
it is essential to monitor its
implementation and to gath-
er information that will
inform an examination.

However, informed
sources in the region say
that some governments have



=





SIR RONALD SANDERS

done very little about imple-
mentation and others have
done nothing at all.

What is known for certain
is that even though
Caribbean countries and the
EU are supposed to be
“partners” under the EPA,
the EC has denounced the
Sugar Protocol causing
Caribbean countries to lose
their preferential price for
sugar; the EC has agreed a
new trade regime for
bananas with exports from
non African, Caribbean and
Pacific countries that will
decimate what is left of the
banana industry in the
Caribbean; and come June
20, the EC will renege on an
undertaking to the
Caribbean rum industry to
help finance restructuring
and marketing while at the
same time reducing tariffs
on competing rum from sev-
eral Latin American coun-
tries.

Not surprisingly several
Caribbean businesses have

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THE TRIBUNE

FROM page 10

lamented the benefits to
them of the EPA so far. For
example, Ramesh Dookooh,
President of the Guyana
Manufacturing and Services
Association, observes that
“Guyana earns much of its
revenue on traditional
exports, including rice and
sugar, both of which are not
covered by the EPA’s duty-
and quota-free.

“Thus, the private sector
in our country has its reser-
vations about the economic
opportunities available
under the EPA.”

Nonetheless, he is hope-
ful. He says:

“Wider consultation with
stakeholders and a stronger
focus on the developmental
dimension of the agree-
ments could make the EPAs
even more effective.”

Consultation

Unfortunately, there has
not been much evidence of
consultation. The experience
of sugar, rum and bananas
indicate that the EC now
takes the Caribbean for
granted. After all, they do
already have a signed full
EPA from the region, so
why concern themselves
overly about the Caribbean.

The EC also controls the
purse strings. They have
knotted those strings on the
purse of the 8th European
Development Fund (ED)
from which money for
restructuring and marketing
the rum industry should
have come, and its daunting
bureaucratic procedures halt
many Caribbean countries
in their tracks from getting
money to implement the
EPA under the 10th EDF.

An EU fund, managed by
the Caribbean Development
Bank (CDB), is reported to
be exhausted with no sign
of being replenished.

Undoubtedly, the global

MONDAY, APRIL 19, 2010, PAGE 11

What benefits for Caribbean?

“Not surprisingly several
Caribbean businesses have
lamented the benefits to
them of the EPA so far.”



financial crisis — as well as
the failures of regional
financial institutions — has
battered Caribbean govern-
ments. All CARICOM
countries have been preoc-
cupied with saving their
economies from shocks,
including worsening terms
of trade especially with the
EU - even Guyana though
it had 3.3 per cent growth in
2009.

But, Caribbean govern-
ments cannot afford to let
attention to the EPA with
the EU slip.

The European Commis-
sioner for Trade, Karel De
Gucht, recently told Ger-
man business people: “The
economic crisis has tem-
porarily halted the process
of globalisation.

“But let there be no mis-
take: this process is very
likely to pick up again with
renewed vigour. The EU
must put in place the condi-
tions to benefit from it to
the full.” He is looking toa
“successful conclusion” of
the global negotiations at
the World Trade Organisa-
tion (WTO) “to boost
Europe's GDP by around

45 billion Euros.”

Commissioner De Gucht
will measure a “successful
conclusion” very different-
ly from the Caribbean, but
the region should have its
own collective plan of action
and its own definition of suc-
cess on which it should col-
laborate with like-minded
countries.

Benefits

The implementation of
the EPA and the procuring
of benefits from it have not
been evident so far, and the
EC has not been helpful to
the Caribbean in the
process.

When Caribbean leaders
meet their EU counterparts
for a Conference on May
17th in Spain, they should
be fully briefed and pre-
pared to tell European lead-
ers of their dissatisfaction
and propose means of mak-
ing the EPA deliver on the
“partnership” it promised.

Responses and previous
commentaries:
www.sirronaldsanders.com

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.



An International Offshore Company

is presently considering applications for a

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April, 2010

The BAHAMAS ASSOCIATION OF
MEDICAL TECHNOLOGISTS
Celebrates
National Medical Laboratory Professionals Week,
in honor of the late, James Leon Mackey,
April 17 — 24th, 2010
LABORATORY PROFESSIONALS - GET RESULTS

Monday April 19th

Opening Ceremony @ the College of the Bahamas School of
Nursing and Allied Health: 11:00am

Special guest Speaker- Mr. Herbert Brown - PHA

THIS WILL BE A WEEK OF CUSTOMER APPRECIATION AT
ALL MEDICAL LABS IN THE BAHAMAS

Refreshments will be served.
Tuesday April 20th
school of Nursing & Allied Health Campus, Grosvenor Close
CEU seminar é:30 am -9:30 am by: Mrs. Nicola Miller -MT
CEU seminar at 5:10pm by: Dr. Altheus Allick, Topic:
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Wednesday April 21st
Annual General Meeting and Elections
5:10 pm @ Doctors Hospital conference room
Retreshments will be served
Th April 22n
School of Nursing & Allied Health Campus, Grosvenor Close
CEU seminar @t 5:10pm: By Dr. Ronald Patterson, Topic:

Vitamin.O Update
Friday April 23rd_

ry nowecge e Com vatition at Doctors
ntta conferen ce ro

tur April 24th
BAMT Awards Banquet in honor of the late James Leon Mackey
7pm @ the British Colonial Hilton Hotel

ist Annual a or



OPEN ROUSE for Educators

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Addressing the
nation’s problems

By RICK LOWE

Dr Dexter Johnson's new
book, “Crisis in Paradise —
The Bahamas at the Start of
The Post-Tourism Era”,
offers his proposals to address
the country's problems, but
they are based on conspiracy
theories and predisposed to
bigger government.

Dr Johnson certainly turns
a few good phrases — like
referring to the tourism indus-
try as the "plantation", and
suggesting that successive
governments have used it to
control Bahamians.

He makes the point, repeat-
edly, that farming and fishing
are the ways to broaden our
economy from the twin pil-
lars of tourism and banking.

But over the years taxpay-
ers have built fish houses and
packing houses, while farm-
ers have received public sub-
sidies, all of little or no avail.

There may well be a crisis
in paradise, but it's more than
likely because of too much
politics and government, not a
lack thereof.

Can farming or fishing help
broaden the economy? Of
course.

Fishing is already the third
pillar, so farming could prob-
ably be the fourth. Should
they be subsidised with tax-
payer dollars? Absolutely not.

In any event, no amount of
sweet-talking by politicians or
grant money from the tax-
payers will make that happen.

Unless and until entrepre-
neurs decide they can make
money at it, there's little hope
of success.

In 2002, the Nassau Insti-
tute released a newspaper
supplement in response to the
labour laws that were being
implemented at the time, and
it started out by listing six
main components of the
"Jamaican Road to Prosperi-
ty".

The points were:

1. Government controls
economic decisions.

2. Politics overshadows
business and economic effi-
ciency in government deci-

ston



sions.

3. Government refuses to
take advice or consult.

4. Business costs rise in the
midst of economic downturn.

5. More red tape and gov-
ernment interference in busi-

ness.

6. Higher taxes and expand-
ing government bureaucracy

It went on:

Over the years this
approach has led Jamaica into
a spiralling cycle of corrup-
tion, poverty and violence;
with that country moving
from one crisis to another. In
almost every international
economic rating system,
Jamaica is sadly regarded as a
“basket-case.”

Seems like The Bahamas is
already travelling this road
doesn't it?

Dr. Johnson should be
applauded for making the
effort to write this book. It's a
good thing for people to pre-
sent their views to the public,
whether we agree or not, and
many Bahamians should be
able to agree with him on sev-
eral points.

Namely:

1. The country's debt is far
too high. Something must be
done immediately to amelio-
rate this. And not by higher
taxes or devaluation.

2. The education system is a
mess.

3. The continuing citizen-
ship dilemma of the many
stateless children here of
Haitian descent must be
resolved.

4. The Bahamas does not
need to join the Caribbean
Single Market and Economy.

5. Local government should
be implemented on New
Providence as soon as possi-
ble.

6. A third political party
might eventually bring posi-
tive changes.

7. Comprehensive health
care is a fiscal accident waiting
to happen.

THE TRIBUNE

8. An ombudsman might be
an interesting enhancement
to governance and help keep
government in check.

Dr Johnson points to the
government for the failure of
the Bahamian pineapple
industry, but I do not think
that is justified. The net result
was that we just could not
compete with the scale and
competitiveness of pineapple
producers in other markets.
But why a local market could
not remain in some shape or
form should be of interest to
every Bahamian.

If, as Dr. Johnson submits,
the PLP was involved in a
conspiracy to kill farming in
this country in the 1960's and
1970's, why has farming not
developed subsequently?
Surely the FNM and most
recent PLP government did
not have a policy to prevent
it? Could this point to a lack
of initiative?

In my view the country
does not need a larger tax
base using transaction and
income taxes, as Dr. Johnson
submits. More revenue will
no doubt cause more over
spending by the government.
The history of Parliament's
profligacy that he records so
thoroughly in the pages of his
book confirms this. The prob-
lem here is too much spend-
ing, not too little tax revenue.

He also suggests a conspir-
acy to dumb people down by
destroying the education sys-
tem and induce out islanders
to move to New Providence
to work as "slaves" in the
tourist "plantation." Surely
there has been a comparative
advantage for The Bahamas
over the years in the tourism
business? And without a
doubt, the hotel industry has
helped our economy and peo-
ple tremendously.

A grand conspiracy to bring
investors here for the purpose
of keeping Bahamians “in
bondage” as hotel workers is
hard to grasp. There is no
chain forcing people to work
in the hotel industry. They

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THE TRIBUNE

MONDAY, APRIL 19, 2010, PAGE 13








FROM page one

go to work, they discovered that the elder of
the two children was missing.

The mother thought the child was with the
father, and the father thought he had left the
child at home with the mother.

A search of the surrounding area was
started, but it wasn’t until a boy looked into
the car that they found the child locked
inside.

“All that time she was right behind him,
and he didn’t even know,” said the child’s
grandmother. “He only stopped home to get a
few things then left (walking) to go some-

OCAL NEWS

THE CAR was parked in this area when the girl ree found inside.





Toddler found dead

where else. Now my granddaughter is not here
—are they lucky? She could have been knocked
by a car!”

It is believed that she was missing from
about noon. She was discovered in the car at
about 4pm.

In reports of small children suffocating in
cars, evidence has shown that a child need
only be locked in a vehicle for a very short
period of time, especially when temperatures
are high, for the outcome to be fatal.

The toddler’s parents are assisting police
with their investigation into the matter.











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FROM page one

Police yesterday did not give
an update on her condition.

Police are also investigating
six other armed robberies.

On Friday, at around 10am,
an armed robbery was reported
at J J's Take-away on South
Beach Road.

Eyewitnesses told police that
two masked men, one wearing
a black shirt and camouflage
trousers, and both armed with
guns, entered the Take-away.
They demanded cash.

The suspects robbed the
eatery of an undisclosed sum
of money. They fled on foot
through nearby bushes, going
in a northerly direction.

Then on Friday night, at
around 10.17pm, police were
called to the scene of an armed
robbery in the Yamacraw area
where a man, out for a walk,
was held up at gunpoint.

The victim was walking on
Yamacraw Hill Road when a
jeep pulled up alongside him
and aman, armed with a shot-
gun, got out.

It is reported that the driver
of the jeep pulled off as the cul-
prit robbed the man of an unde-

Woman shot

termined amount of cash, jew-
ellery and a cell phone.

The robber then fled the
area on foot in a westerly direc-
tion.

On Saturday, at around
1.15am, police received infor-
mation of an armed robbery at
the parking lot of Hammer
Heads on East Bay Street.

A 27-year-old man was in
the parking lot of the bar when
he was approached by two men,
both armed with handguns.

The thugs robbed the man
of his cell phone and jewellery
and fled the area on foot in an
unknown direction.

Then, less than 20 minutes
later, at around 1.28am, police
received information of an
armed robbery at McCullough
Corner off East Street.

Reports to the police stated
that a man, on arrival at his res-
idence, was approached by
three men, one of whom was
armed with a handgun. The
men demanded cash.

The culprits robbed the man
of his jewellery, cell phone and
an undetermined amount of

cash.

Afterwards, they fled the
area on foot.

In the early hours of Sunday
morning, police were called to
two further armed robberies.

The first took place at
2.34am on Cowpen Road. A
man had just arrived home
when he was approached by
two men wearing hooded jack-
ets, one of whom was armed
with a handgun.

They robbed him of his jew-
ellery, his cell phone and cash.
The robbers then fled in a
southerly direction.

About two hours later, at
4.25am, police received infor-
mation of an armed robbery at
the Prince Charles Shopping
Centre on Prince Charles Drive
where two men were held up
at the ATM machine.

According to reports, they
were approached by two other
men wearing hooded jackets,
one of whom was armed with a
handgun.

It is reported that the cul-
prits robbed the men of money
and a white 2005 Honda
Accord. The robbers fled the
area in the stolen vehicle in an
unknown direction.



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PAGE 14, MONDAY, APRIL 19, 2010

COB strike announced

FROM page one

ly resolution towards an
industrial agreement for fac-
ulty, despite last minute
attempts by Labour Minister
Dion Foulkes and Minister of
Education Desmond Bannis-
ter to stave off a strike.

The pair was expected to
meet with UTEB at noon
today towards improving
negotiations, provided the
union did not carry out their
plans to strike.

The union’s president
acknowledged that UTEB
would still be willing to meet
with the ministers at their

Machinery & Energy

scheduled time, however they
would not renounce the
strike.

UTEB President Jennifer
Isaacs-Dotson announced:
“Our decision to withhold
labour was and is not made
lightly. It is the only lawful
strategy we have to compel
the College to negotiate in
good faith.”

Both sides continued
intense negotiations up until
Friday, the last day of classes,
but were unable to come to
an agreement or evidence of
“good faith” that could stop

the strike. It was suggested by
the union that the team con-
tinue negotiations over the
weekend but COB refused.
Responding to claims that
its deadline was contrived, the
union argued that COB had
the opportunity to suggest an
alternate deadline since the
initial strike vote was cast in
November. The union presi-
dent said that COB's failure
to do so throughout the entire
negotiation process is evi-
dence of its noncommittal
towards a timely resolution.
Mrs Isaacs-Dotson said:

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“UTEB members take their
rights and responsibilities very
seriously. We understand the
roles that each of us have in
this nation, through the thou-
sands of students we teach,
the research we conduct and
our service to the college and
the Bahamian society. We will
not make financial demands
to jeopardise its existence.
There is too much at stake!”

COB revealed last week
that a major hindrance to
negotiations was the union’s
financial package. It maintains
that the union’s demands
would “cripple” the college.
The financial package sub-
mitted by UTEB requested
an increase in salaries up to 19
per cent despite a decrease in
workload and productivity at
a time when the college is
anticipating even greater
funding cuts.

However, the union claims
that the only salary increase
they requested was a cost of



UTEB PRESIDENT
Jennifer Isaacs-Dotson

living adjustment, a less than
one per cent increase.

She continued: “We have
been very clear with the Col-

THE TRIBUNE

lege throughout the entire
negotiation process. We
expect fair wage and support
for our work, full medical cov-
erage and cost of living adjust-
ments built into our salaries.”

Public support of either side
has worn thin due to the con-
sequences of the dispute for
students.

Without lecturers, final
grading, and ultimately tran-
scripts will be compromised.
Community leaders such as
Bishop Simeon Hall, senior
pastor at New Covenant Bap-
tist Church, and the college's
own student union have urged
the parties to “get together”
and seek a timely resolution.

Mrs Isaacs-Dotson main-
tained: “UTEB, the union
that represents all faculty,
simply wants to have a signed
and registered Industrial
Agreement. We wish a realis-
tic deadline for the comple-
tion of these protracted and
costly negotiations.”

Former radio talk show host

FROM page one

Montagu the best possible
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the sidewalks if I can train
20 people in solar systems,”
Mr Weatherford said.

“They can make millions
of dollars switching home
by home, and getting rid of
people’s light bill and mak-
ing everybody rich.”

But the number one issue
for Mr Weatherford is
reducing the traffic conges-
tion in Montagu as it affects
those who live and work in
six constituencies east of his
own constituency.

The Village Road resi-
dent is not, however, sup-
portive of the plan for Mon-
tagu Foreshore developed
by a steering committee and
currently under government
review as he said it did not
involve everyone in the con-
stituency, and employed the
expertise of people from
outside of Montagu instead
of local architects who
could be used to design a
proper facility for fish mar-
ket vendors, public toilets,
and a ramp capable of
launching six to ten boats
at a time.

When he moves on to
address crime, Mr Weath-
erford, owner of Sure
Alarms, said he would
install alarm systems at
every home in Montagu for
free to drive burglars out of
the area.

And he will remain con-
nected to his constituents
by launching the world’s

first virtual constituency
office online, the aspiring
MP said.

His motivation to repre-
sent the community stems
from a genuine desire to
improve the area and the
lives of local people outside
of the governing Free
National Movement (FNM)
and opposition Progressive
Liberal Party (PLP).

“T really don’t care about
those two parties,” Mr
Weatherford said, as he
pointed out how the lead-
ers of both parties were
once Independent.

“Being Independent lets
you move towards the right
man, or woman, not the
party.

“There are a select few
Bahamians who are seeking
public office, which is
indeed a matter of trust;
however, there seems to be
an attitude among some
who are elected to office,
that they are above account-
ability, and that they should
be in office on the merit of
their parents’ or grandpar-
ents’ legacy, or some other
social promotion scheme.

“Therefore as an Inde-
pendent candidate I offer to
serve the needs of the peo-
ple of Montagu with my cre-
ativity, talents, passion and
character which enable me
to speak and serve on
behalf of the Bahamian
people.”

Addressing problems

FROM page 12

can start a farm or go fishing can't they?
Is there really a conspiracy afoot in education as Dr. Johnson

submits as well?

Did government screw up the education system? For sure.
But again, it is difficult to believe that this was deliberate.

Dr. Johnson cites some constitutional changes that might
or might not fix the problems he describes, but the largest
leap is to create a republic. On the surface, a system more like
the United States may be enticing, but what is it about us that
our present constitutional framework cannot work?

He also spends a lot of time with his personal concern that
our judicial system may have little choice but to allow same sex
marriage, and he is convinced that this would be a terrible
thing.

But it's not like homosexuality has suddenly appeared in
our community. It's a fact of nature that people must get used
to. Do these life partners deserve some formal way to create a
union, if you will, should they so desire? Do homosexuals face
similar problems to those faced by the many stateless children
he refers to?

Treating either group as being less than human is not good
public policy. And why should government be involved in the
marriage process anyway?

The final question that he seems to go to great lengths with
is the Quieting of Titles Act. He complains that Bahamians who
lived on generation property at the time of Independence
should have been granted proper title to their land.

While title to land helps with prosperity, as Hernando de Soto
pointed out in his treatise The Mystery of Capital, the accusa-
tion that a system designed to help sort out generation property
issues was actually a conspiracy to steal land just does not fit!

Some dishonest people may have manipulated the system
over the years, but that seems easy enough to rectify.

Rather than identifying vast conspiracies, Dr. Johnson is
pointing out some inherent weaknesses and flaws that we have
grown into after relying on government to fix all our problems
for us.

Maybe those people that believe farming is the answer should
start a few farms?

Perhaps those people living on generation land should use the
Quieting Titles Act to get their title?

Dr. Johnson should be commended for his effort, but it is dif-
ficult to accept his argument that so many of the country's
problems are the result of a grand conspiracy.

Maybe it's wishful thinking, but in my view his proposed
solutions should not rely so heavily on the government. Dr
Johnson seems to be suggesting that the actions of govern-
ments over the years have created our "crisis" in the first place.
To offer up more of the same to solve the country's problems
is unfortunate.

Bahamians are not stupid. Maybe we are just lacking initia-
tive. But The Bahamas did not become the envy of the
Caribbean by relying on grand conspiracy theories. The real
question is, how can the country best go about promoting eco-
nomic growth and wealth creation?

Economic freedom is the answer, not more words on a new
constitution, or more tired government intervention.

Bahamians must come to the conclusion that individual
effort, not political manipulation, is the answer to our troubles.

e Rick Lowe is the vice-president and treasurer of the Nassau
Institute.

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



THE TRIBUNE PAGE 16

spor

MONDAY, APRIL 19,

MINISTER of Youth, Sports and Cul-
ture Charles Maynard introduces the
new Assistant Director for Sports in
Grand Bahama, Steve Burrows, to the
media. Pictured from left: Mr Burrows;
Mr Maynard; Archie Nairn, Permanent
Secretary in the Ministry of Youth,
Sports and Culture and Don Cornish,
Administrator for the City of Freeport.

PAGE 18 « New Assistant Director of Sports



ts

2010



JUNIOR FED CUP: NORTH/CENTRAL AMERICA & CARIBBEAN PRE-QUALIFYING EVENT










Simon Lewis/BIS Photo




Dallamas Victorious — again!

By BRENT STUBBS
Senior Sports Reporter
bstubbs@tribunemedia.net

Both teams were coached by
Sidney Pratt from Grand
Bahama.

The team of Chelsi Russell,
Simone Pratt and Danielle

Under Stress?

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against Canada, Mexico and the
United States.

Bahamas Lawn Tennis Asso-
ciation’s president Steve Turn-
quest was simply thrilled by the
performance of the team.

“It is great. At least we have
defended the title from last year
when we moved on as well,”
Turnquest said. “I was cau-
tiously expecting it, but you
don’t want to be disappointed.

SEE page 11



BASKETBALL
NPBA PLAYOFFS

THE Real Deal Shock-
ers continue to stun the
defending champions elec-
tro Telecom Cybots in
their New Providence Bas-
ketball Association’s play-
off series.

On Saturday night at the
Kendal Isaacs Gym,nasi-
um, the Shockers took a 2-
1 lead in the best-of-five
series with a 122-113 victo-
ry, the highest scoring
game so far.

Carvin Cummings led
seven players in double fig-
ures with 23 points, while
Demetrius Ferguson had
19, Corey Williams and
Barry Carter both had 17,
Sidney Hillary and Emeka
Watson both with 16 and
Amon Baker chipped in
with 11.

Brian ‘Tucker’ Bain had
a game high 35 in the loss.
Nelson ‘Mandella’ Joseph
scored 19, Billy ‘the Kid’
Sands had 18, Chauncey
Cooper 11 and Doyle Hud-
son added 10.

In the other half of the
series, last year’s runners-
up Commonwealth Bank
Giants took a 2-1 lead over
the Police Crimestoppers
with an 87-72 triumph.

Mark Hanna came up
with 18, Raif Ferguson 14,
Jeremy Hutchinson 12,
Dencil Edgecombe 11 and
Michael ‘Fernley’ Bain 10
in the win.

Vernon Stubbs scored a
game high 23 in the loss.
Freddie Lightbourne had
12 and Valentino Richard-
son contributed 11.

Both four in both series
will be played tonight,
starting at 7 p.m. If neces-
sary, the fifth and deciding
games will be played on
Wednesday, or the best-of-
five championship series
will get underway.

SOFTBALL
GSSSA ACTION

THE Government Sec-
ondary Schools Sports
Association will continue
their softball regular sea-
son action today at the
Baillou Hills Sporting com-
plex at 4 p.m.

Games will b played in
the junior boys and girls as
well as the senior boys and
girs divisions.

VOLLEYBALL
BAISS ACTION

THE Bahamas Associa-
tion of Independent Sec-
ondary Schools will start its
volleyball regular season
today at the St.
Augustine’s College courts
starting at 4 p.m.

Games will be played in
the senior boys and girls as
well as the junior boys divi-
sions. The junior girls will
get started at a later date.

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TRIBUNE SPORTS

MONDAY, APRIL 19, 2010, PAGE 17



Canadian team wins Star Class Western Hemisphere Championships

LDCS EU STN (aE SY Gat) by ZNH

MICSTMU (Ra Hee RUITUIILS
ST Tey Com TH

THE Baptist Sports Council's 2010 Kendal Rolle Basketball
Classic's postseason got underway on Saturday at the Baillou
Hills Sporting Complex with Cousin McPhee continuing their
impressive run in the 19-and-under division as they became the first
team to advance to the championship.

In their best-of-three playoffs, the pennant winning Cousin
McPhee, coached by Kevin 'Island' McPhee, swept aside fourth
place Latter-Day Saints in two straight games, 35-31 and 52-50, to
secure their berth in the final against the winner of the other half
of the playoffs between Temple Christian and Mt. Tabor.

Third place Mt. Tabor needed overtime to pull off a 59-56 vic-
tory in game one. But second place Temple Fellowship rallied
back in game two for a 32-23 decision to force a third and deciding
game on Saturday at noon.

On the men's side, the president's pennant winning Christian
Tabernacle swept Golden Gates 41-30 and 35-21 to advance to their
divisional final. But they will have to wait until Tuesday night to
determine who their opponents will be as Church of the Nazarene
and Temple Fellowship will have to play a third and deciding
game for the other spot.

And in the men's vice president division, pennant winning
Macedonia Baptist won 27-18 and 51-47 over BIBA to clinch
their berth in the divisional final. They will play third place
Bahamas Harvest, who upset second place Evangelistic Center in
two games, 37-29 and 36-25 in the other half of the series.

Also on Saturday, Macedonia took the upper hand over Chris-
tian Tabernacle 42-35 in one half of the 19-and-under Bottom
Bowl playoffs. The other half saw Golden Gates win their opener
over St. John's by default. Game two in both series will be played
on Saturday to determine who will advance to the final.
¢ Here's a summary of the games played:

Cousin McPhee 35, Latter-Day 31: Trevor Smith scored 12 points
and Nakario Andrews had six as Cousin McPhee took game one of
their 19-and-under series. Lloyd Bailey had a game high 16 in the
loss.

Cousin McPhee 52, Latter-Day 50: Leonardo Demeritte had 19 and
Jason Cambridge 10 as Cousin McPhee clinched the series. Ken-
neth Pratt had 19 in the loss.

Mt. Tabor 59, Temple Fellowship 56: Patrico Leadon had a game
high 41 and Daniel Lewis had five as Mt. Tabor took the 19-and-
under opener. Marvin Albury and DeShawn White both had 13 in
the loss.

Temple Fellowship 32, Mt. Tabor 23: Gabbie Laurant scored a
game high 15 and Kemico Sands had six in Temple's 19-and-under
win. Cressward Cox had six in the loss.

Macedonia 42, Christian Tabernacle 35: Patrick Brice scored 12 and
Karon Pratt had eight as Macedonia took the upper-hand in their
19-and-under Bottom Bowl. Leonardo Collie had 10 in the loss.
Christian Tabernacle 41, Golden Gates 30: Lavardo Bowleg scored
eight and Donny Johnson six as Christian Tabernacle men won
their opener. Lester Simmons had seven in the loss.

Christian Tabernacle 41, Golden Gates 30: Travis Roker had nine
and Shawn Ferguson six as Christian Tabernacle men completed
their sweep.

Bahamas Harvest 37, Evangelistic Center 29; Imara Thompson
scored 14 and Shawn Smith six as Bahamas Harvest men won
their opener. Randy Ferguson had eight in the loss.

Bahamas Harvest 36, Evangelistic Center 25: Audie Kerr and
Jacob Stubbs both had five and Shawn Smith four as Bahamas Har-
vest completed their sweep. Chris Sands had four in the loss.
Macedonia 27, BIBA 19: Valentino Simmons scored eight and
Craig Buchanan had six as Macedonia men opened their series on
a winning note. Joseph Jackson had nine in a losing effort.
Macedonia 51, BIBA 47: Renardo Baillou scored a game high 17
and Craig Buchanan had 11 as Macedonia men clinched their
series. Joseph Jackson had 14 in the loss.

Temple Fellowship 31, Church of the Nazarene 30; Gabbie Laurent
had eight and both Cruz Simon and Jason Cooper had four in the
win for Temple men's opener. Perry Lubin had a game high 16 in
the loss.

Church of the Nazarene 43, Temple Fellowship 38: Perry Lubin
scored a game high 18 and Evins Milford had 15 in the win to even
their series. Kevin Burrows had 12 in the loss.

This week's schedule

Tuesday night

7 p.m. Church of the Nazarene vs Temple Fellowship (M).
Saturday's schedule

Court One

10 am Macedonia vs Christian Tabernacle (15).

11 am St. John's vs Golden Gates (19).

Noon Macedonia vs Bahamas Harvest (M).

1 pm Latter-Day vs Temple Fellowship (15)

2pm Game three of 19-and-under, if necessary or Men's game two.
3 pm. Game three of 15-and-under or men's playoffs.

Court Two

10 a.m. Temple Fellowship vs Latter-Day (15).

11 a.m. Christian Tabernacle vs Macedonia (19).

Noon Mt. Tabor vs Temple Fellowship (19).

1 p.m. Christian Tabernacle vs winner Temple Fellowship/Church
of the Nazarene (M).

2 p.m. Macedonia vs Christian Tabernacle (15).

3 p.m. Game three in any series, if necessary.

Bahamas victorious for second consecutive year
FROM page 16

“T knew that we had a very strong team. Simone is a very strong
player. You could more or less expect her to pull through all of hr
matches. All we needed to do was to get the doubles wins and a few
singles matches and we knew we could pull through.”

With the team seeded number two behind El Salvador, Turn-
quest said he was confident that they had an excellent chance to
repeat as champions.

They did it in the final against El Salvador with Pratt winning her
singles match 6-4, 4-6, 7-5 over Rosalinda Calderon after Russell
lost 5-7, 5-7 in her singles to Paola Artiga.

Pratt and Russell went on to secure the title with their 64, 64 tri-
umph in doubles over Artiga and Ledis Molina.

Along the way, the Bahamas knocked off Costa Rica 2-1 and
blanked Jamaica, Barbados and Panama 3-0.

Pratt, the top seeded player on the team who will be joining the
youthful Ladies’ Fed Cup team in Equador this week, went unde-
feated as she didn’t lose a set in any of her other games.

Russell and Thompson played in the other singles and com-
bined with Pratt in doubles.

As for the boys’ team in the Jr Davis Cup play, the combo of
Hubert Russell, Kevin Major and Ondre Cargill finished in fifth
place in the final standings.

They closed out play on Saturday with a 2-1 decision over El Sal-
vador, the sixth place finishers. In that match, russell lost his singls
6-5, 1-6, 1-6 to Alberto Alvardo, but Major pulled off a 6-1, 6-2 win
over Rafael Orantes. Cargill and Major won the doubles 6-2, 6-1
over Alvarado and Alejandro Gonzalez.

The Bahamas blanked Honduras 3-0, but lost to the Netherlands
Antilles and Costa Rica 2-1. The Bahamas won 2-1 ove Jamaica
and also whitewashed Puerto Rico 3-0 in their two other games.

“The boys did well, but unusally it’s kind of rough for them,”
Turnquest said.

In addition to the Jr. Fed Cup going to the regional finals, the
World Youth boys tam will also play in the regional final against
Canada, Mexico and the United States in Boca Raton from April
28-29.

Philip Major, Treaj Ferguson and Justin Roberts will make up
the latter team that will be coached by Bradley Bain.

“They had a very good showing down in Trinidad,” Turnquest
recalled. “It was great. Philip really took the team through. He went
undefeated and they had some doubles win as well. They did a mag-
nificent job.”

The Fed Cup, coached by Paula Whitfield, is already headed to
Equador and will be comprised of Simone Pratt, Kerrie Cartwright
and Gabrielle Moxey.

“It’s a young team, but we expect them to represent the Bahamas
very well,” Turnquest projected. “Kerrie is the senior member of
the team. We expect them to do very well.”



Canadian duo Richard Clarke and Tyler
Bjorn had a 5th and 6th place finish on the
final day of the Star Class Western Hemi-
sphere Championships held in Nassau last
week, but their top finishes on days one
and two were enough to hold on and clinch
the title.

Sharp changes in weather conditions over
three days of sailing meant all teams had to
sail outside of their comfort zone for at
least some of the races.

“The weather wasn’t kind to us at the
beginning of the week, giving very windy
conditions on Wednesday that forced us
to postpone sailing for the day.

“Thursday was still blowing pretty hard,
but nonetheless we went out and got two
good races in.

“Again, racing Friday wind was still
blowing hard but on Saturday we had the
kind of conditions that are more usual for
this time of year,” explained Regatta Co-
Chairman Paul Hutton.

Top Skipper Richard Clarke says that
had the weather conditions played out dif-
ferently over the course of the series, he
might not have finished up in first place.

“It was definitely more of a struggle for
us on the last day. I think that when it’s
windier the guys who are stronger in the



== 3
THE SEAS were much calmer on the final day
of sailing in the Championships.

breeze have a bit of an advantage, but then
the weather acts as a bit of a neutralizer.

“Everyone can be competitive and Sat-
urday was quite tricky for us with the big
wind shifts, and it allowed for some passing
and shuffling in the fleet and some guys
who hadn’t had good results had an oppor-
tunity to shine at the front,” said top skip-
per Michael Clarke.

Two American teams - Augie Diaz and
crew Bruno Prada and Mark Mendelblatt
with crew John von Schwarz finished sec-
ond and third respectively.

Bahamian brothers Mark and William





THE ATLANTIS RESORT is the ideal back-
drop for international sailing in Montagu Bay.

Holowesko had consistent finishes over the
course of the series to end up in 16th place
overall. Twenty-eight pairs competed in
the series, but a few teams opted out on the
first day of sailing in rough conditions.
The Nassau Yacht Club hosted the race
which was sponsored by the Nassau branch
of private banking firm Lombard Odier
Darier Hentsch. The week went so well
that already Hutton says the Star class is
talking about coming back to Nassau again
soon.
Wi(Photos: Ash Henderson
/TheBahamasWeekly.com)

Cumberbatch enjoys great
start in collegiate debut

By BRENT STUBBS
Senior Sports Reporter
bstubbs@tribunemedia.net

MICHELLE Cumberbatch
got off to a great start in her
collegiate debut in her special-
ity in the women’s 400 metres
hurdles.

Competing at the Kansas
Relays at the Memorial Stadi-
um at the University of Kansas,
the St. Augustine’s College
graduate won the final of the
race in 59.17 seconds, just
ahead of Taissa Makhamayva
in 59.24.

Makhamayva, a fresman
from Kansas, had the fastest
qualifying time of 1:00.12, fol-
lowed by Cumberbatch, a fresh-
man at Lincoln University, in
1:00.52.

Cumberbatch’s Lincoln
team-mate Tia Rolle compet-
ed in the women’s 100 metres.
Rolle, a junior, was fifth in the
final in 12.20. The winning time
was 11.68 by Semoy Hackett.

Rolle had the eighth fastest
qualifying time of 12.12.

She also ran the anchor leg
on Lincoln’s 4 x 100 relay in
the invitational race in 45.62.

In other events from the
meet, Olympian Ramon Miller
dropped down to the 200 where
he was second in the final in
21.41. The winning time was
21.18 by Terrel Cotton.

Sean Pickstock, represent-
ing Dickinson State, contested
the men’s 400 where he was
second in the final in 47.04.
Kyle clemons won the race in

46.94. Pickstock had the sixth
fastest qualifying time in 48.13.

In the 4 x 400 relay, Pick-
stock anchored Dickinson
State’s team to a fifth place fin-
ish in 3:16.03. Iowa Central
Community College won in
3:12.45.

Two other members of
Dickinson State also compet-
ed at the meet.

In the qualifying round of
the men’s 100, Jamal Forbes

S10 ORO CRIS

had the sixth fastest qualifying
time of 10.77, while Michael
Sands Jr finished 27th in 11.17.
Forbes, a junior, went on to
place fifth in 10.66. Kawayne
Fisher won the race in 10.50.
Meanwhile at the Texas vs
Arkansas Dual Meet at the
Mike A. Myers Stadium in
Austin, Texas, Jamal Wilson
represented the University of
Texas in the men’s high jump.
He cleared 2.16 metres or 7-

feet, one-inch for second place.
Brede Ellingsen of Arkansas
won the event with 2.19m or 7-
21/4. At the Michael Johnson
Classic at the Hart/Patterson
Track and Field Complex at
Baylor University in Waco,
Texas, Jameson Strachan post-
ed a seventh place in the men’s
400 in 48.46 for Texas Pan-
America. The winning time was
46.55 by Troy Faulkner of
South Plains.

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MINISTRY OF WORKS & TRANSPORT as
NOTICE
CORRIDOR 13A

ROBINSON ROAD
Mollie Street & Claridge Road
TEMPORARY LANE CLOSURE & DIVERSIONS
Phase 1

JOSE CARTELLONE CONSTRUCCIONES CIVILES S.A would like to inform the motoring public that a section of Robinson
Road will be temporarily closed for approximately six (6) weeks. Milling of existing pavement, Installation of new drainage
facilities, utilities, asphalt pavement, street lighting, sidewalks, traffic signs and road markings will constructed in this phase.
During construction we kindly ask that motorist travelling in the following directions, divert to the specified routes and follow

the signs posted "Diversion":

Co

*Motorist travelling eastbound should divert through Mollie Street, make a right onto Balfour Avenue and follow the signs
posted 'DIVERSION" through Claridge Road and onto Robinson Road.

* Motorists travelling westbound should continue on the one way traffic scheme in place.

Proper signage will be erected delineating the work zone. Detours will be clearly marked to allow the safe passage for pedestrians
& motorist. Motorist should also avoid this area during peak hours when possible and seek an alternative route to their destination.

Your patience throughout this project is greatly appreciated and we do apologize for the inconvenience & delays caused.

For further information please contact :

Jose Cartellone Construcciones Civiles S.A
Office Hours: Mon-Fri 8:00 am to 6:00 pm
Office:(242)322-8341/322-2610

Email: bahamasneighbor@cartellone.com.ar

The Project Execution Unit

Ministry

of Works & Transport

Hotline: (242) 302-9700
Email: publicworks@bahamas.gov.bs



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PAGE 18, MONDAY, APRIL 19, 2010

TRIBUNE SPORTS



Striders Track Club hosts

Age Group Track Classic

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THE Striders Track Club
hosted its Age Group Track
Classic on Saturday at the
Thomas A. Robinson Track
and Field Stadium.

¢ The following results were
posted from the meet:

Girls Under 7

80 Meter Dash - 1, Miller,
Shaunece, Sts. Francis & Joseph,
14.94 ; 2, Nixon, Johneisha, Sts.
Francis & Joseph, 15.11; 3, Moss,
Tamia, Striders, 15.23.

150 Meter Dash - 1, Miller,
Shaunece, Sts. Francis & Joseph,
26.50; 2, Moss, Tamia, Striders,
28.44; 3, Nixon, Johneisha, Sts.
Francis & Joseph, 29.73.

Boys Under-7

80 Meter Dash - 1, Smith,
Matthew, Gerald Cash School,
14.42: 2, Bain, Shimar, Sts. Francis
& Joseph, 14.44; 3, Williams, Mal-
colm, Roadrunners, 14.74.

150 Meter Dash - 1, Smith,
Matthew, Gerald Cash School,
25.34; 2, Williams, Malcolm, Road-
runners, 26.03; 3, MACKEY, Latre-
co, St. Bede's School, 27.00.
Girls Under-9
80 Meter Dash - 1, White, Makay-
la, Club Monica, 12.71; 2, Sey-
mour, Jade, Striders, 13.07; 3,
Sands, Tyrese, St. Bede's School,
13.11.

100 Meter Dash - 1, White,
Makayla, Club Monica, 15.96; 2,
Baptiste, Karolyn, Striders, 16.23;3,
Seymour, Jade, Striders, 16.34.
4x100 Meter - 1, Sts. Francis &
Joseph School, 1:09.86; 2, Strid-
ers, 1:10.04; 3, Club Monica,
1:12.51.

Long Jump - 1, Capron, Marissa,
Striders, 2.43m; 2, Bethel, Raven,
Striders, 2.41m; 3, Lightbourne,
Asia, Club Monica, 2.39m.
Softball throw - 1, Strachan, Aisja,
Striders, 18.23m; 2, Dorsett, Dia-
mond, Club Monica, 12.48m; 3
430 Johnson, Carlyia, Striders,

.69m

Boys Under-9
80 Meter Dash - 1, Moss, Nathan,
Striders, 11.96; 2, Freemantle, Jor-
den, St. Bede's School, 12.24; 3,
Ferguson, Gary, Striders, 12.32.

100 Meter Dash - 1, Moss,
Nathan, Striders, 13.14; 2, Newry,
Conrad, Striders, 13.54; 3, Free-
mantle, Jorden, St. Bede's School,
13.64.
4x100 Meter Relay - 1, Striders,
1:08.04; 2, Sts. Francis & Joseph
School, 1:08.08; 3, Sts. Francis &
Joseph School, 1:16.36.

Long Jump - 1, Moss, Nathan,
Striders, 3.32m; 2, Ferguson, Sean,
Sunblazers, 3.09m; 3, Butler, Jer-
ry Chri, Sunblazers, 3.00m.
Softball throw - 1, Johnson, Cory,
T. Bird Flyers, 26.26m; 2, Humes,
Kyle, Sunblazers, 18.92m.

Girls Under-11

100 Meter Dash - 1, Fountain,



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Britni, Striders, 12.61; 2, Carter,
Kayneshia, Spirit OF Excellence,
12.91: 3 516 Miller, Tanae, Sts.
Francis & Joseph, 13.26.

200 Meter Dash - 1, Fountain,
Britni, Striders, 29.80; 2, Collie,
Angel, Spirit OF Excellence, 30.08;
3, White, Marissa, Club Monica,
0.22

300 Meter Dash - 1, Rodgers,
Danielle, Striders, 49.60; 2, Miller,
Tanae, Sts. Francis & Joseph,
51.52; 3, Demeritte, Valicia, Sts.
Francis & Joseph, 54.04.

4x100 Meter Relay - 1 Striders,
1:01.83; 2 Sts. Francis & Joseph
School, 1:02.41; 3, Club Monica,
1:05.03.

Long Jump - 1, Ingraham, Kende-
sha, Sunblazers, 3.90m; 2, Foun-
tain, Britni, Striders, 3.80m; 3, Wil-
son, Gem, Striders, 3.31m.
Softball throw - 1, Rodgers,
Danielle, Striders, 30.43m; 2, Pin-
der, Alana, Striders, 25.14m; 3,
Sands, Gayneil, Striders, 24.84m.
Boys Under-11
100 Meter Dash - 1, Cooper,
Antoine, Sunblazers, 13.83; 2,
Johnson, Christoph, Striders,
14.03; 3, Deveaux, Trent, Spirit Of
Excellence, 14.07.

200 Meter Dash - 1, Johnson,
Christoph, Striders, 28.65; 2,
Cooper, Antoine, Sunblazers,
28.72; 3, Deveaux, Trent, Spirit Of
Excellence, 28.80.

300 Meter Dash - 1, Adderley,
Michael, Roadrunners, 48.94; 2
395 Darling, Blaize, St. Bede's
School, 49.23; 3, Arthur, Godfrey,
Striders 50.26.
4x100 Meter Relay - 1 Striders,
58.86; 2 Sunblazers, 59.10; 3, Sts.
Francis & Joseph School, 1:01.02.
Long Jump - 1, Johnson, Christo-
pher, Striders, 3.98m; 2, Knowles,
Ashton, Alliance Athletics, 3.88m;
3, Miller, Shaun, Sts. Francis &
Joseph, 3.77m.

Softball throw - 1, Murray,
Bertram, Striders, 49.20m; 2,
Deveaux, Trent 10 Spirit Of
Excellence, 43.13m; 3, Arthur,
Godfrey, Striders, 38.08m.

Girls Under-13
100 Meter Dash - 1, Butler, Asia,
Sunblazers, 12.85; 2 423 Fergu-
son, Andira, Striders, 13.22; 3,
Dorsett, Taj, Star Trackers, 13.57.

200 Meter Dash - 1, Rolle,
Dreshanae, Sunblazers, 26.82; 2,
Dorsett, Taj, Star Trackers, 27.94;
3, Pierre, Juliette, Gerald Cash
School, 28.33.

400 Meter Dash - 1, Williams,
Charmell, Spirit Of Excellence,
1:07.61, 2, Pierre, Juliette, Gerald
Cash School, 1:09.59; 3, Taylor,
Charisma, Club Monica, 1:10.04.
4x100 Meter Relay - 1, Sunblaz-
ers, 56.99; 2, Spirit Of Excellence,
57.73; 3 Striders, 58.39.

High Jump - 1, Ferguson, Andira,
Striders, 1.40m; 2, Dorsett, Taj,
Star Trackers, 1.35m; 3, Moss,
Daejah, Striders, 1.19m.

Shot put - 1, Hanna, Tiffany, Strid-
ers, 7.22m; 2, Butler, Asia, Sun-
blazers, 5.78m; 3, Neilly,
Antonique, Sts. Francis & Joseph,
4.60m.

Softball throw - 1, Moss,
Mechelle, Club Monica, 29.08m;
2, Polhamus, Julisa, Roadrunners,
26.12m; 3, Symonette, Patria, Sun-
blazers, 26.00m.

Boys Under-13

100 Meter Dash - 1, Rolle,
Jameko, Club Monica, 13.15; 2,
Gibson, Dustin, Ambassadors,
13.53; 3, Rolle, Anthony, Striders,
13.55.

200 Meter Dash - 1, Rolle,
Jameko, Club Monica, 27.21; 2,
Rolle, Branson, Unattached, 27.54;
3, Gibson, Dustin, Ambassadors,
28.18.

400 Meter Dash - 1, Rolle, Bran-
son, Unattached, 1:03.65; 2,
Sweeting, Kenneth, Club Monica,
1:03.92; 3, Clarke, Bryan, Sun-
blazers, 1:04.32.
4x100 Meter Relay - 1, Striders,
55.74; 2, Club Monica, 56.58; 3,
Spirit Of Excellence, 56.63.

Boys High Jump - 1, Sweeting,
Kenneth, Club Monica, 1.14m; 2
266 Rolle, Jameko, Club Monica,
1.09m; 3, Rolle, Branson, Unat-
tached, J1.09m.

Shot Put - 1, Grant, Adrian, Club
Monica, 9.74m; 2, Wallace, Can-

ron, Unattached, 6.63m.

Softball throw - 1, Adderley,
Kyle, Alliance Athletics, 50.19m;
2, Clarke, Bryan, Sunblazers,
49.24m; 3, Nottage, Julius, Strid-
ers, 48.72m.

Girls 100 Under-15

100 Meter Dash - 1, White,
Makeya, Club Monica, 12.84; 2,
Miller, Faythe, Roadrunners,
13.02; 3, Ambrose, Jenae, Club
Monica, 13.03.

200 Meter Dash - 1, White,
Makeya, Club Monica, 26.45; 2,
Ambrose, Jenae, Club Monica,
27.03; 3, Shaw, Gabrielle, Club
Monica, 27.18.

400 Meter Dash - 1, Darville,
Eyeiessa, Sunblazers, 59.59; 2,
Thompson, Talia, Striders,
1:01.09; 3, Taylor, lesha, Strid-
ers, 1:03.38.

4x100 Meter Relay - 1, Club
Monica, 53.25; 2, Striders,
54.15; 3, Striders, 55.61.

High Jump - 1, Thompson, Talia,
Striders, 1.46m; 2 455 Sands,
Bria, Striders, 1.40m; 3, Miller,
Chantiyah, Alliance Athletics,
1.34m.

Long Jump - 1, Williams, Jeor-
jett, Striders, 3.85m; 2, Johnson,
Erin, Striders, 3.81m ; 3, Capron,
Tiana, Striders, 3.55m.

Shot Put - 1, Wood, Brashae,
Club Monica, 9.92m; 2, Fergu-
son, Brendia; Club Monica,
8.75m,; 3, Thompson, Talia,
Striders, 8.00m.

Javelin Throw - 1, Wood,
Brashae, Club Monica, 19.25m;
2, Ferguson, Brendia, Club Moni-
ca, 15.46m.

Boys Under-15

100 Meter Dash - 1, Kerr, lan,
Club Monica, 11.92; 2, Foster,
Philmore, Striders, 12.17; 3, Cor-
nish, Christov, Spirit Of Excel-
lence, 12.21.

200 Meter Dash - 1, Charlton,
D’mitry, Spirit Of Excellence,
24.28; 2, Kerr, lan, Club Monica,
24.84; 3, Burrows, Tyrone, Spirit
Of Excellence, 25.10.

400 Meter Dash - 1, Charlton,
D’mitry, Spirit Of Excellence,
52.65; 2, Cokley, Xavier, Unat-
tached, 54.17; 3, Pratt, Travis,
Club Monica, 57.57.

4x100 Meter Relay - 1 Spirit Of
Excellence, 48.15; 2, Club Moni-
ca, 49.85; 3, Striders, 50.62.

High Jump - 1, Coakley, Xavier,
Unattached, 1.70m; 2, Burrows,
Tyrone, Spirit Of Excellence,
J1.70m; 3, Armstrong, Tyler,
Striders, 1.52m.

Long Jump - 1, Cokley, Xavier,
Unattached, 5.52m; 2, Wilson,
Timothy, Striders, 4.84m; 3, Bur-
rows, Tyrone, Spirit Of Excel-
lence, 4.78m.

Shot Put - 1, Maycock, Drexel,
Unattached, 12.52m; 2, Charlton,
D’mitry, Spirit Of Excellence,
12.15m; 3, Culmer, Kaiwan,
Bahamas Speed DY, 9.60m.
Javelin Throw - 1, Rolle, Lenroy,
Silver Lightning, 22.18m; 2,
Francis, Malik, Roadrunners,
20.32m; 3, Simmons, Kyle,
Roadrunners, 20.24m.

Open girls 800 Meter Run - 1,
Thompson, Talia, Striders;
2:31.66; 2, Knowles, Christina,
Striders, 2:39.72; 3, Powell,
Zahra, Striders, 2:49.62.

Open girls 1500 Meter Run - 1,
Knowles, Christina, Striders;
5:32.94: 2, Louis, Lawanda,
Roadrunners, 5:37.97; 3, Powell,
Zahra, Striders, 5:57.54.

Open boys 800 Meter Run - 1,
Wilson, Thomas, Striders,
2:23.29; 2, Armstrong, Tyler,
Striders, 2:31.84; 3, Sweeting,
Lee, Striders, 2:33.12.

Open boys 1500 Meter Run - 1,
Young, Darren, T. Bird Flyers,
4:36.69; 2, Wilson, Thomas,
Striders, 5:08.37; 3, McIntosh,
Derek, Silver Lightnin, 5:25.11.
Girls Long Jump Under-13 - 1,
Rolle, Dreshanae, Sunblazers,
422m, 2, Dean, Tammy, T. Bird
Flyers, 3.81m; 3, Newry, Tanae,
Striders, 3.80m.

Boys Long Jump Under-13 - 1,
Rolle, Anthony, Striders, 4.26m;
2, Gibson, Dustin, Ambassadors,
4.20m; 3, Clarke, Bryan, Sunblaz-
ers, 4.15m.

Steve Burrows named Assistant Director of Sports

BY SIMON LEWIS

BAHAMAS INFORMATION SERVICES



FREEPORT -- Steve Burrows, whose name is somewhat syn-
onymous with sports on Grand Bahama Island, has been named
Assistant Director of Sports in the Ministry of Youth, Sports and
Culture with responsibility for Grand Bahama.

Minister of Youth, Sports and Culture the Hon Charles May-
nard made the announcement on Thursday while in Grand Bahama
to participate in the Junkanoo awards presentations for both the
junior and senior categories. Permanent Secretary, Archie Nairn
and Administrator for the City of Freeport, Don Cornish joined
Maynard as he made the announcement. The Minister revealed
that Burrows will be responsible for the day to day management of
the Grand Bahama Sports Complex among many other duties,
which include providing technical assistance for sporting events for
public and private schools, sustaining the Ministryis sports programs
and assisting with the regulation of sports associations.

Nairn explained that the Ministry expects great things from Bur-

rows who is no stranger to sports.

“His ability and his competence level will bring to the floor the
kind of quality that we are expecting to see and to move forward
with on the Island of Grand Bahama,” he said.

“And, this is not just for Freeport! Mr Burrows is going to be
responsible for organizing and putting in place any number of
activities that this Ministry is responsible for, and to work closely
with the staff of our local office here in regards to putting on
those kinds of activities for the benefit particularly for our young

people.”

Nairn noted that Burrows will travel to New Providence to
gain further knowledge into the various facets in the Ministry.

B SEE PHOTO ON PAGE 18

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PAGE 20, MONDAY, APRIL 19, 2010

THE TRIBUNE



LOCAL NEWS

Ministry denies depleting
paving and pothole budget

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FROM page one

Mr Roberts, who said the
PLP is appalled at the level
of mismanagement and poor
quality of administration at
the Ministry of Works and
Transport, further claimed
that evidence of premature
budget depletion can be
seen in the increasing num-
ber of potholes on the
streets of New Providence
and the Family Islands.

However, the ministry’s
Permanent Secretary Colin
Higgs denied this. He said
that there are still sufficient
funds left to keep their
paving and patching work
crews busy for the next few
months.

Mr Higgs said that the
ministry has in fact just
restarted its programmes to
pave the country’s roads and
patch the potholes in earnest
by identifying roads where
such work is needed.

“We're on top of it,” he
said.

Mr Roberts yesterday
further claimed that fund-
ing to purchase granite sand
from Canada and bitumen
is not available.

“On the other hand, its
only competitor, the pri-
vately owned asphalt plant
on New Providence,
Bahamas Hotmix Ltd, that
has been contracted exclu-
sively by Jose Cartellone for
the New Providence Road
Improvement Programme,
seems able to execute its
road works and other signif-
icant contracts awarded by
the government without any
challenges while the gov-
ernment’s operations lan-
guish,” the PLP chairman
said.

Permanent Secretary Mr





BRADLEY ROBERTS



Higgs also refuted this alle-
gation of insufficient funds
to purchase new materials.

He added that he believes
that in the case of the gran-
ite sand the ministry still has
it in stock waiting to be
used.

In additional claims, Mr
Roberts said that the PLP’s
sources disclosed that “an
excessive amount of over-
time was incurred prior to
the Elizabeth by-election as
a result of the government’s
last-minute efforts to pave
a large number of unpaved
roads in the Elizabeth con-
stituency, which subdivision
developers failed to pave.”

Mr Higgs said the paving
is being carried out by pri-
vate contractors and not the
Ministry of Works.

He also pointed out that
his ministry’s road paving
efforts have already far
exceeded any work done
during the past budget year.

YOU SAY OBSESSIVE
BS ow) ND Ne

Actually, obsessive behavior
led us to Some very good things.

INTRODUCING THE ALL-NEW
TAURUS 2010

Drive one.



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





THE TRIBUNE a

usine



MONDAY, APRIL 2010

eis

SECTION B e business @tribunemedia.net







* Developer recalls
Hubert Ingraham as 'very
direct and to the point
kind of gentleman'

* Claim based on letter
to Bahamian government
‘not credible'

* Collapsed Lehman
Brothers rejected South
Ocean financing pitch

HUBERT INGRAHAM



By NEIL HARTNELL
Tribune Business Editor

An investor/developer in a
Bahamas-based resort project
described Prime Minister
Hubert Ingraham as “a little
scary”, an Arbitration Tribunal
finding his claim that a hedge
fund had agreed to “fund or
finance” the entire $857 million
project based on a letter to the
Bahamian government was not
credible.

The New York-based Inter-
national Arbitration Tribunal,
which heard the dispute for
control of the South Ocean
resort development, said the
testimony by Roger Stein and
his RHS Ventures investment
vehicle “did not support his
contention that a firm commit-
ment” to do just that was made
by Plainfield Asset Manage-
ment and its Seaside Heights
investment vehicle.

Referring to developments
during a June 22, 2007, meeting
between the newly-elected
Prime Minister Ingraham, Mr
Stein and Plainfield represen-
tatives, upon which he and
RHS Ventures had based their
“misrepresentation” charge
against the hedge fund, the
developer claimed its officials
“clearly told me that their role
was to spearhead, to be
involved..... I had no idea
whether they intended to write
a cheque themselves or not”.

The Tribunal adjudication
reproduced part of the hear-
ing’s testimony, including a
question from Mr Stein’s attor-
ney about what Prime Minister
Hubert Ingraham had said dur-

SEE page 5B



by beating profit
forecasts 85 per cent

* Bahamas Waste more than doubles 2009 net income by 137%, despite
missing top-line projections by 2%
* Gross profit margins up 26% as BISX-listed entity shaves $500k, or

9.2%, off cost of sales

* Fuel costs slashed almost 50%
* Targets 2010 Q3 to produce first gallon of biodiesel, and in ‘full swing’
on cardboard recycling shortly

By NEIL HARTNELL
Tribune Business Editor

BISX-listed Bahamas
Waste shrugged off the reces-
sion to post net income that
beat expectations by 85 per
cent for fiscal 2009, its
$780,446 profits more than
doubling the previous year’s
figures thanks to cost con-
tainment strategies and an
almost-50 per cent decline in
fuel prices.

Reporting a year-over-year
137 per cent net income
increase to shareholders,
Francisco de Cardenas,
Bahamas Waste’s managing
director, said the company
had made progress with both
its two new ventures — its
Cardboard Recycling Project
and Biodiesel Project.

Writing in Bahamas
Waste’s annual report, Mr de
Cardenas said that while the
waste collection services
provider missed projected
revenues by 2 per cent for the
12 months to December 31,
2009, its costs beat both esti-
mates and 2008 figures.

Acknowledging that the
firm had “not been very opti-
mistic” coming into fiscal
2009, due to the global reces-

sion, Bahamas Waste’s man-
aging director said: “We expe-
rienced some unexpected con-
struction projects that
required double shifting of
manpower and resources, and
which contributed greatly to
an unexpected increase in
third and fourth quarter rev-
enues.

“Although we did not reach
our 2009 revenue projections,
we were pleased that we
rebounded nicely from 2008
levels. There was no growth in
total revenue during the 2009
fiscal year, and billings fell 2
per cent below budgeted rev-
enues.”

With top-line income, sales
and services rendered, essen-
tially flat at $7.684 million
compared to $7.689 million in
2008, Bahamas Waste had to
look at cost cuts and contain-
ment. This was successfully
achieved in fiscal 2009, with
sales costs and direct expens-
es dropping by 9.2 per cent
or more than $500,000, from
$5.549 million in 2008 to $5.04
million last year.

As a result, gross profits
increased by 23.6 per cent for
Bahamas Waste year-over-
year, from $2.14 million in
2008 to $2.644 million last

time around. This was more
than enough to offset a 2.7
per cent increase in operat-
ing costs, which grew from
$1.868 million in 2008 to
$1.918 million.

Bahamas Waste’s cost con-
tainment efforts were aided
by the drop in global oil
prices, which provided a pass-
through effect of an almost-
$400,000, or 48.1 per cent,
decline in the company’s fuel
costs from $805,141 in 2008
to $418,241 last year.

“With ongoing focus on
cost containment and more
stable fuel prices, direct costs
came in below budget and pri-
or year amounts,” Mr de Car-
denas told Bahamas Waste
shareholders.

“Administrative costs and
overheads were lower than
budgeted amounts, and
almost flat compared to the
prior year. As a result, we are
pleased to report that net
income for the year came in at
85 per cent higher than antic-
ipated and 137 per cent over
2008 amounts.”

Based on the $780,446 net
income that Bahamas Waste
ultimately produced, Mr de

SEE page 7B

Realtor moves into Harbour
Island via Island Living deal

By NEIL HARTNELL
Tribune Business Editor

A real estate firm in which
financial services conglom-
erate, A. F. Holdings, has a
substantial interest has
moved into the Harbour
Island market via the acqui-
sition of fellow realtor, 32
year-old Island Real Estate.

Lowes Realty has pledged
“to add some more services
and try and enhance the
experience” for Island Real
Estate’s existing and future
client base, rather than

‘lh -
ee

Firm owned by A. E Holdings
conglomerate makes acquisition

implement major changes,
although an upgraded web-
site is one planned improve-
ment.

Geraldine Albury, princi-
pal at Island Real Estate,
confirmed the acquisition
when contacted by Tribune
Business. She said: “We’re
going to move forward. For-
tunately for Harbour Island,

it’s good news, not bad
news.”

She declined to comment
further, though, instead
pointing Tribune Business
in the direction of the com-
pany’s new owners. Lowes
Realty is understood to be at
least majority-owned by A.

SEE page 6B

swing drops Fund
profits by 95.7%

By NEIL HARTNELL
Tribune Business Editor





A negative $2.668 million swing on the value of its
investment properties saw the BISX-listed Bahamas
Property Fund’s 2009 net income plummet by 95.7
per cent to just $115,203, despite top-line rental rev-
enues and expenses both moving in the right direc-
tion.

The audited financial statements for the Bahamas
Property Fund, a copy of which has been seen by
Tribune Business, show that the previous year’s
$807,000 gain on the value of its investment prop-
erties had been reversed by a $1.861 million decline
in 2009.

This resulted in the BISX-listed investment
fund/real estate investment trust suffering a 51.1
per cent decline in total income, which fell from
$5.142 million in the 12 months to December 31,
2008, to just $2.519 million this time around.

This was despite other key top-line elements
trending in the right direction in 2009. The Bahamas
Property Fund saw rental and parking income from
the three properties it now owns — the Bahamas
Financial Centre, One Marina Drive on Paradise
Island and the newly-acquired Providence House —
increasing slightly by 0.7 per cent to $4.338 million,
compared to $4.307 million the year before.

And the Fund was able to hold total expenses
flat against 2008 levels, actually decreasing them by
some $5,000 from $1.443 million to $1.338 million.
Yet the 51.1 per cent total income decline, induced
by the investment property revaluation, ultimately
resulted in the Bahamas Property Fund’s net income
falling from $2.654 million, or $1.1 per share in 2008,
to just $115,203 or $0.05 per share last year.

Without the one-time fair value adjustment, the
Bahamas Property Fund would likely have exceed-
ed its 2008 performance, generating almost $2.8 mil-

SEE page 7B







Road Act cover
‘unconscionable

* Insurers back government plan to end coverage form
* But Road Act portfolios ‘double’ as Bahamians seek to

save On premiums

By NEIL HARTNELL
Tribune Business Editor



The Bahamian insurance industry has welcomed the Govern-
ment’s Speech of the Throne pledge to do away with Road Act
Insurance, branding this coverage as “unconscionable” and policies
that “should not be sold” because they offer no protection to pas-
sengers in the guilty vehicle or against property damage.

Steve Watson, RoyalStar Assurance’s managing director, told
Tribune Business that the general insurance carrier did not sell
Road Act coverage policies, and had not done so for a long time.

“We don’t do Road Act,” Mr Watson told Tribune Business. “I
always thought Road Act coverage was unconscionable and should
not be sold and given to people. It’s not the right thing to do. We
haven’t sold that coverage to anyone for a long time.”

The RoyalStar managing director said motorists who had Road
Act cover were only insured for injuries caused to third parties, such
as pedestrians and drivers/passengers in other vehicles, if they
were guilty of causing the accident.

Not covered, he explained, were injuries to passengers in the
vehicle of the guilty party, plus damage to other vehicles and pri-
vate property. This meant, Mr Watson said, that Road Act cover-
age would not require a payout by an insurer in “99.5 per cent” of
all traffic accidents, since these inevitably involved damage to
other vehicles — requiring either the guilty or innocent party to
instead fund vehicle repairs out of their own pocket.

The Government’s pledge to amend the Road Traffic Act to end
Road Act insurance was one of the few pieces of legislation to sur-

SEE page 4B

PENCE LU MEO MITT
STEM MICH CB ITEM LI TY

By NEIL HARTNELL
Tribune Business Editor

instead of the Government lending money, com-
mit ‘x’ amount of money to small and medium-



sized business development and let all the banks

Executive Townhomes

$625,000
$850,000

OLEANF ROM

Eeautibully Goished 4 bed, 3 1/2
hath townhomes, Opposite
marina or oomaniraal. 1b Sap. Te
High Spee finish, travertine
wood floors, fran ibe eountberte 1pes.,

baleony & putia.

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infos! palmecay.com
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0 mn

SAH AMIAS

The information contained is from a third
party and The Tribune can not be held
responsible for errors and/or omission
from the daily report.

BASSAL 4



The Government has been urged to mandate
that commercial banks individually match the
amount of financing it commits to small and
medium-sized business development , a consul-
tant telling Tribune Business that the legislation
announced in the Speech from the Throne could
provide “the lifeblood to drive the future growth
and development of the Bahamas”.

Mark Turnquest, of Mark A Turnquest Con-
sulting, said he had urged Zhivargo Laing, min-
ister of state for finance, in a recent meeting to
ensure that Bahamian commercial banks matched
the amount of small/medium-sized business
financing provided by the Government when
crafting the Small and Medium-Sized Business
Development Act.

“Everybody will have to adjust their policies,
especially the banks,” Mr Turnquest told Tri-
bune Business. “They’re going to have to cre-
ate a fund to match the Government’s commit-
ment.

“My recommendation to Mr Laing was that

match it individually. Let all the banks commit
$20 million to a fund, and because they have a
system in place, let them do the lending for the
Government.”

Mr Turnquest, a consultant for Bahamian small
and medium-sized businesses, told this newspaper
that the commercial banks would still apply the
“same due diligence” standards that they used to
monitor regular lending clients, including assess-
ing business plans.

He added that he had also recommended to
Mr Laing the creation of a Small and Medium-
Sized Business Development Centre, which
would oversee both growth in this sector and
the banks following through on their commit-
ments.

Describing the Government’s proposed legis-
lation as “a great tool to develop our future”,
Mr Turnquest said: “It’s like a light in the sky,

SEE page 5B



PAGE 2B, MONDAY, APRIL 19, 2010

BY ROYALFIDELITY
CAPITAL MARKETS

It was an active week of trad-
ing in the Bahamian stock mar-
ket.

Investors traded in12 out of
the 24 listed securities, with four
decliners, one advancer and the
others remaining unchanged.

BOOT anil)

EQUITY MARKET

A total of 631,710 shares
changed hands, representing a
significant increase of 623,010
shares, compared to the previ-

ous week's trading volume of
8,700 shares..

Commonwealth Bank (CBL)
was the volume leader in the
week, trading 144,412 shares to



see its stock close the week
unchanged at $6.

Freeport Holdings (FCL) fol-
lowed, trading 127,000 shares
to close the week with its share





i. What slogan is written on the Green
SET UO RUE WE EER ele]
Trust with the support of the National
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2010 at the Family Fun Dey

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price unchanged at $5.

Colina Holdings (CHL) was
the big advancer for the week,
trading 93,406 shares to end the
week up $0.11 at $2.83, a new
52-week high.

Bank of the Bahamas (BOB)
was the big decliner last week,
trading 32,748 shares to see its
stock close the week down by
$0.07 at $5.23.

BOND MARKET
There was no activity last
week in the bond market.

COMPANY NEWS:

Earnings Releases:

There was no earnings
release from any of the listed
companies this week.

Dividend Notes:

J. S. Johnson has declared a
dividend of $0.16 per share,
payable on April 19, 2010, to
all ordinary shareholders of
record date April 12, 2010.

THE TRIBUNE

Freeport Oil Holdings (FCL)
has declared a dividend of $0.04
per share, payable on May 11,
2010, to all ordinary sharehold-
ers of record date April 30,
2010.

Colina Holdings (CHL) has
declared an ordinary dividend
of $0.06 and an extraordinary
dividend $0.09 per share,
payable to all ordinary share-
holders 10 days after the record
date April 30, 2010.

AGM Notices:
Bahamas Waste (BWL) has
announced its AGM to be held
at the National Tennis Centre,
QE Sport Centre, on May 18,
2010, at 6pm.

Commonwealth Bank (CBL)
has announced its AGM to be
held at SuperClub Breezes,
West Bay Street, on May 19,
2010, at Spm.

EQUITY MARKET - TRADING STATISTICS

BISX CLOSING WKLYPRICE VOLUME YTD PRICE
SYMBOL PRICE CHANGE CHANGE
AML $ 1.02 $- 0 -12.82%
BBL $ 0.48 -$0.05 1,000 -23.81%
BOB $ 5.23 -$0.07 32,748 —-11.36%
BPF $ 10.63 - 39,251 — -1.02%
BSL $ 9.42 $- 0 -6.36%
BWL $ 3.15 $- 0 0.00%
CAB $ 12.20 -$0.04 60,082 22.24%
CBL $ 6.00 $- 144,412 -14.29%
CHL $ 2.83 $0.11 93,406 4.04%
CIB $10.43 7 25,000 4.40%
CWCB $2.94 $0.05 17,673 3.16%
DHS $ 2.54 $- 39,207 = -0.39%
FAM $ 6.07 $- 0 6.47%
FBB $ 2.37 $- 0 0.00%
FCG $ 0.27 $- 0 0.00%
FCL $ 5.00 $- 127,000 4.82%
FCLB $ 1.00 $- 0 0.00%
FIN $ 9.08 -$0.02 33,988 -2.16%
ICD $ 5.59 $- 0 0.00%
JSJ $ 9.95 $- 250 0.00%
PRE $ 10.00 $- 0 0.00%

BOND MARKET - TRADING STATISTICS

BISX
SYMBOL

DESCRIPTION

FBB13

FBB Series C
Notes Due 2013
FBB Series D
Notes Due 2015
FBB Series A
Notes Due 2017
FBB Series B
Notes Due 2022

FBB15
FBB17
FBB22





VOLUME

PAR VALUE

$1,000
$1,000
$1,000
$1,000





THE TRIBUNE

By CHESTER ROBARDS
Business Reporter
crobards@tribunemedia.net

THE FREEPORT Con-
tainer Port could receive
some help from its sister
ports by way of crane dona-
tions, its chief executive told
Tribune Business. The port
has been forced to turn
away some business after a
tornado ripped through its
compound, twisting to
pieces one Gantry Crane
and claiming the lives of
three workers.

Gary Gilbert said the port
recently brought back into
service crane five, and is
waiting to take receipt of
loaner Gantry Cranes in
order to resume business in
earnest.

According to Mr Gilbert,
several cargo ships had to
be turned away from the
port following the devastat-
ing tornado that left one
crane inert in the waters
near its berth. He said

MONDAY, APRIL 19, 2010, PAGE 3B
MSC among business
turned away by Port

among the shipping lines
turned away were MSC
(Mediterranean Shipping
Company), Hutchison
Whampoa’s fellow share-
holder in the Freeport Con-
tainer Port.

However, Hutchison Port
Holdings (HPH) could sup-
ply its Grand Bahama site
with a Gantry Crane, possi-
bly from one of its port loca-
tions in Korea, in order to
prevent missed business
opportunities for one of the
most important ports in the
region.

Tornado

The Freeport Container
Port's Gantry Cranes are
said to have a price tag of
up to $10 million each, but
in a matter of seconds on
March 29, one was left man-
gled and inoperative when
a tornado ripped through it.

Even last Thursday, the
crane still teetered on the

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STEP

edge of its berth, one half
submerged. Mr Gilbert said
a salvage crew would begin
dismantling the tonnes of
steel some time this week.

The extent of the finan-
cial loss for the Freeport
Container Port since the tor-
nado is not known, but it is
speculated to be in the mul-
ti-million dollar range.

Even as the port tries to
get back on its feet, it could
face a court battle, where
families of the victims of the
tornado will likely seek
punitive damages, claiming
negligence on the compa-
ny’s part.

There have been reports
that a settlement may have
been offered to the families
of the men killed on March
29, a worker told this paper.

"I think some monies
were offered to them, but I
don't think they were happy
with the offer," he said. The
Tribune has been unable to
confirm the reports.

INSIGHT

For the stories
behind the news,
read Insight
on Mondays

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PARADISE ISLAND
BAHAMAS

MINISTRY OF HOUSING
ENGINEERING SERVICES FOR THE DESIGN AND
CONSTRUCTION OF THE ELECTRICAL DISTRIBUTION
SYSTEM IN CARMICHAEL VILLAGE, NEW PROVIDENCE

REQUEST FOR PROPOSALS (RFP)

The Government of the Commonwealth of the Bahamas through the Ministry
of Housing is requesting proposals fram qualified Consulting Engineering
firms to provide Engineering Design AND Construction services for the
development of the following housing subdivision:

Carmichael Villaga, New Providence - Electrical Distribution System

Interested parties may obtain further information and purchase a capy of the
Request for Proposal from:

The Office of the Permanent Secretary
Ministry of Housing
Claughton House
Shiney and Charlotte Sts.
Nageau, Bahamas

Tel: 2423-322-6005/6006

For a non-refundable fee of $100. The method of payment may be cash or
a certified cheque made payable to the “Ministry of Housing “. The docu-
mants will be raady for collection beginning Monday 12th April, 2070 and
ending Friday 23rd April, 2070 balween the hours of 9:30 am te 4:30 pm. An
information meeting will be held on Tuesaday 27th April, 2070 at 11200 amin
the conference roam at tha Ministry of Housing, Claughton House.

Tenders are to be submitted ina sealed envelope marked as indicated in the
AFP document te:

The Financial Secretary
Ministry of Finance
3rd Floor, Cecil Wallace-Whitfield Building
Cable Beach, Nassau

No later than 10:00 am on Tuesday 11th May, 2010. Tenders will be opened
at the Tenders Board Meeting of Tuesday 11th May, 2070 at the Ministry of
Finance, 3rd Floor, Cecil Wallace-Whitleld Building, Gable Beach, Nassau.
The Government reserves the right ta raject any or all Tenders.

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



, Fs *
YOUR CONNECTION-TO THE WORLD

PUBLIC NOTICE

TENDER FOR STRUCTURED
WIRING, POINCIANA DRIVE
TECHNICAL CENTER

The Bahamas Telecommunications Company Ltd.
(BTC), is pleased to invite Tenders to provide strc-
tured wiring service for it's Poinciana Drive Technical

Center.

Interested companies/firms may collect a Tender
Specification from the Security's Desk located in the
Administrative building on John F. Kennedy Drive, on
or before Tuesday, April 20th, 2010, between the
hours of 9:00 a.m. and 5:00 p.m.

The deadline for submission of tenders is on or before
5:00 pm Friday, April 23rd, 2010, Tenders should be
sealed and marked “Tender for Structured Wiring,
P/D", and should be delivered to the attention of
"Mr. |. Kirk Griffin, Acting President and CEO."

BIC reserves the right to reject any or all Tenders.







MINISTRY OF EDUCATION
IMPORTANT NOTICE

FINANCIAL COMMUNITY ADVANCED TECHNICAL

PAGE 4B, MONDAY, APRIL 19, 2010

THE TRIBUNE



FROM page 1B

vive from the previous Parlia-
mentary session and be carried
over into this one, Tribune
Business was told by insurance
executives. The move comes as
one Bahamas-based insurance
agent/broker, speaking on con-
dition of anonymity, told Tri-
bune Business the size of his
Road Act portfolio had dou-
bled in the past year, as
Bahamians sought to reduce
motor premiums to save a few
dollars amid the recessionary
headwinds. Admitting that he
did not want to sell Road Act
insurance, only doing so
because he was licensed to sell

Road Act cover

this coverage, the agent/broker
said he tried to steer his clients
away from taking out such poli-
cies.

“More and more people are
asking for Act insurance
because of the economic cli-
mate,” the broker told Tribune
Business. “Our portfolio has
doubled on Road Act insur-
ance, and that’s happening even
more this year. It’s cheaper, and
people want this coverage.”

Adding that he hoped the
Government “squeezed in” the
planned Road Traffic Act
amendment during the current

Trempole Chistian High Febued

TEACHING VACANCY

Temple Christian High School
Shirley Street

Invites applications from qualified Christian
teacher for the following position for the
2010-2011 School Year.

Music
Applicants must:

A. Bea practicing born-again Christian

who Is willin

to subscribe to the

Statement of Faith of Temple Christian

School.

Have a Bachelor’s Degree in Education
or higher from a recognized College
or University in the area of

specialization.

Have a valid Teacher’s Certificate or

Diploma.

Have at least two years teaching
experience in the relevant subject
area with excellent communication

skills.

Applicants must have the ability to
Ea are students for all examinations
o the BJC/BGCSE levels.

F. Be willing to participate in the high
school’s extra curricular programmes.

Application must be picked up at the High

School
returned with a full

Office on Shirley Street
curriculum vitae,

and be
recent

coloured photograph and three references to:

Mr. Neil Hamilton
The Principal
Temple Christian High School
P.O. Box N-1566
Nassau, Bahamas
Deadline for application is Monday, 30th April, 2010

MINISTRY OF HOUSING



eg

Parliamentary session, the bro-
ker added: ““They’ve been talk-
ing about this for the last 15
years. The Bahamas General
Insurance Association even
provided a specimen wording
and has done this twice, some
two years ago and more recent-
ly. “It would provide a lot more
protection for the insuring pub-
lic, knowing that if someone is
killed or injured by a negligent
driver, compensation will be
available, and that’s the whole
point of the Road Traffic Act.”

The broker also pointed out
that the premium paid for Road
Act coverage was only slightly
less than that for third party.
The Government has already
limited liability coverage for
motor vehicle accidents via pre-
vious amendments to the Road
Traffic Act. The current limit
is $125,000 per passenger for
those injured as a result of their
own driver’s negligence, and
$500,000 for all passengers in a
guilty vehicle. For third parties,
the Government has capped
the per person liability limit at
$2.5 million, and the aggregate
at $30 million. Mr Watson
branded these limits as “high”,
comparing them to the $1 mil-
lion per person and $5 million
aggregate set in the Cayman
Islands, for example.

He added that RoyalStar had
imposed its own passenger lia-
bility limits in line with the
Road Traffic Act, setting these
at $150,000 per passenger and
$500,000 for the aggregate.

Vaughn Culmer, the
Bahamas Insurance Brokers
Association’s (BIBA) presi-
dent, echoed Mr Watson’s com-
ments, telling Tribune Business
that he “applauded” the Goy-
ernment’s plans to do away
with Road Act Insurance as “a
good move”.

Adding that he, too, had nev-
er sold Road Act policies, Mr
Culmer said: “T have a licence
to sell it, but have never
believed in it. Everyone as far
as I know is licensed to sell it,
but many of the brokers chose
not to do it. It’s totally inade-
quate and does not provide
enough protection for the road
user. “If someone’s driving and
has third party coverage, if they
damage someone’s property or
another vehicle, that person
affected has recourse.”

The BIBA president, though,
acknowledged it was “logical”
economic behaviour for the
demand for Road Act cover-
age to increase during a reces-
sion, as Bahamians sought to
‘pinch the pennies’.

ENGINEERING SERVICES FOR THE DESIGN OF
ROADS AND DRAINAGE SYSTEMS,

EDUCATION TRUST FOR BAHAMIANS (1973)

AND POTABLE WATER AND SEWERAGE DISTRIBUTION
SYSTEMS IN CARMICHAEL VILLAGE, NEW PROVIDENCE

EDUCATIONAL ASSISTANCE FOR TECHNICAL STUDIES

Applications arc invited from suitable candidates for consideration for financial Awards RE
offered! by the above Trust at The College of The Bahamas or any accredited Technical or
(Community College or University overseas, commencing September, 2010.

EST FOR PROPOSALS (REP

The Government of the Commonwealth of the Bahamas through
the Ministry of Housing is requesting proposals from qualified
Consulting Engineering firms to provide Engineering Design,
Supervision of the Construction Tender Process, and Contract
Administration Services for the development of the following
housing subdivision:

The Awards are intended to provide financial assistance for training at advanced level in
Breas of technology where there is vilal need for such skills in The Bahamas, Areas of
Study include the following:

(0) Automobile, Mechanical and Architectural Engineering
(ib) Aviation! Malatenance

(ic) Automobile or Marine Maintenance (gas or diesel engines)
(d) Air-conditioning and refrigeration

fe) Elevator Engineering

(ff) Computer Engineering

ig) Marine Engineering (Coastal Management)

(h} Food Processing and Production techniques

(i) Manufacture of Clothing, Furniture, ete.

Gi) Craft Production and Boat Building

(k) Radio aod Television Techoology Mass Communication
(ih) Medical Technology

im) Crop Sclence

in} Livestock Science

(fo) Any other area of technology acceptable to the Selection Committee

Carmichael Village, New Providence — Roads and drainage system
design, and potable water & sewerage distribution design.

Interested parties may obtain further information and purchase a copy of
the Request for Proposal fram:
The Office of the Permanent Secretary
Ministry of Housing
Claughton House
Shirley and Charlotte Sts.

Nassau, Bahamas
Suocesstiul candidates will be required to pursue a course of study from (1) to not more Tel: 247-327-6005/6006
fhan thee (3) years leading to a Cerificave or Diploma (Not a Degree}.

For a non-refundable fee of $100. The method of payment may be cash
or a certified cheque made payable to the “Ministry of Housing “. The
documents will be ready for collection beginning Monday 19" April, 2010
and ending Friday 23" April, 2010 between the hours of 9:30 am to 4:30
pm. An information meeting will be held on Wednesday 28" April, 2010
at 10:00 am in the conference roam at the Ministry of Housing,
Claughton House.

[t is expected that candidates will seck admission to a recognized technical institution of
heir chaniee

Candidates shoul have successfully completed high school education in The
Commonwealih of The Bahamas and should preferably have attained BwG.0.5.E.
kerlificales in appropriate subjects or completed courses of study in a technical feld, The
value of cach award will depend upon the cost and length of course.

The suceesstiul candidates will be expected to retum to The Bahamas on the satisfactory
onpletion of the course to give the country the benefit of their training. Tenders are to be submitted in a sealed envelope marked as indicated in

the RFP document to:
[Application forms may be obtained from the Scholarship and Education Loan Division,
Ministry of Edueation, Shirley Street. Completed application forms should be retumed in
an envelope marked “Financlal Community Advanced Education Scholarship",
Scholarship & Education Loan Division, Ministry of Education, PO. Box 63915,
Nassau, Bahamas or delivered to the Scholarship & Educational Loan Division, Shirley
Street, ie arive re later than the deadline dave.

APPLICATION DEADLINE : Monday May 31+, 2010

INCONIPLETE OR LATE APPLICATION FORMS WILL
NOT BE CONSIDERED

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

The Financial Secretary
Ministry of Finance
3" Floor, Cecil Wallace-wWhitfield Building
Cable Beach, Nassau

No later than 10:00 am _on Tuesday 18" May, 2010. Tenders will be
opened at the Tenders Board Meeting of Tuesday 18° May, 2010 at the
Ministry of Finance, 3 Floor, Cecil Wallace-Whitfield Building, Cable
Beach, Nassau. The Government reserves the right to reject any or all
Tenders.











THE TRIBUNE

MONDAY, APRIL 19, 2010, PAGE 5B



=
Ur UT a

FROM page 1B

ing the June 22, 2007, meeting,
which took place less than two
months after the FNM’s return
to office.

Mr Stein replied: “What he
said was...... you know, he’s a
very direct and to-the-point
kind of gentleman, he’s a little
scary, and he just wanted to
know, you know, how this was
being financed, what was going
to happen, how he was going
to know that this project was
going to go through.”

This sums up the Prime Min-
ister’s direct, no-nonsense
approach to such matters per-
fectly, although few have been
bold enough to go on the
record to describe him as a
“scary” person who strikes fear
into the hearts of persons as
well-cashiered as foreign devel-
opers.

Dismissing Mr Stein’s con-
tention that Plainfield’s oral
comments meant the hedge
fund had a “binding commit-
ment” to finance the $857 mil-

resort, the Tribunal turned to
the August 3, 2007, letter seem-
ingly sent to the Bahamian gov-
ernment that RHS Ventures
relied on heavily for its ‘mis-
representation’ allegation and
other claims.

The letter sent to the Ingra-
ham administration said:
“Plainfield Asset Management,
through a subsidiary of the
hedge fund it manages, has
entered into a partnership with
Mr Stein to provide all of the
additional equity financing
required for the initial devel-
opment of the project — approx-
imately $45 million.”

It added that via the part-
nership agreement between
Plainfield and RHS Ventures,
the hedge fund’s “initial funds
will provide all of the addition-
al equity capital necessary to
transform the site into a parcel
upon which the two hotels and

other components can be con-

lion redevelopment of the
structed.

southwestern New Providence



‘Thereafter, Plainfield antic-
ipates providing the substantial
additional equity required to
complete the entire develop-
ment process, including the
construction of the hotels and
other components.”

However, the Tribunal found
that “the pertinent parts” of the
letter had been written by
Westwood Capital, the compa-
ny hired by Mr Stein as invest-
ment banking and finance-rais-
ing advisers for the South
Ocean redevelopment.

“The draft letter was
enclosed with an e-mail from
Westwood to Plainfield Asset
Management on July 29, 2007,”
the Tribunal found. “Mr Stein
followed up on Westwood’s e-
mail later the same day in two
e-mails, urging Seaside Heights
to send the letter to the Office
of the Prime Minister.

“The purpose of the letter,
in Mr Stein’s words, was to pro-
vide:

¢ Some basic background of
funds and dollars under control

¢ Current commitment of
approximately $45 million in
equity to South Ocean

¢ Your anticipation (of
course, not commitment) that
you would fund substantial
additional equity that may be
required to complete the entire
development process.”

The Tribunal found that this
letter “cannot rationally be con-
strued to mean a commitment
to ‘fund or find’ funding”. It
added: “Thus Mr Stein himself
expressly confirmed his under-
standing that Plainfield had
made no commitment beyond
its initial $45 million equity
commitment.

“Claimants’ current assertion
of a misrepresentation, based
on language they themselves
drafted, which they expressly
and contemporaneously stated
was ‘of course’ not a commit-
ment, is simply not credible.”

In addition, Eric Reehl, the
South Ocean team leader for
Plainfield, had noted that “sub-
stantial unknowns” about the
project remained in August
2007, and the hedge fund “did-

Banks ‘must match' government
on small business financing

FROM page 1B

and even small business owners should be excited now about how
the Government is committed.

“There has never been a complete small and medium-sized
business National Development Plan to address the economic
development of that sector, so it always remains small and insignif-
icant, as no policies have focused on the development of that sec-
tor before.

“Tt has to be a collective effort by the Government, the Cham-
ber of Commerce, the industries and the banks, because if it is not
a collaborative effort everyone’s going to have an insignificant
approach, like in the past. That’s why we have so many business-
es staying small for a long time. The banks have to wake up now;
they have no other choice.”

Mitigate

Mr Turnquest said the Act could create “processes and policies
that mitigate the impact of future recessions”, adding: “It’s like the
lifeblood to drive the future growth and development of the
Bahamas. I also recommended to Minister Laing that in future
downturns, businesses that have paid National Insurance Board
contributions, are up-to-date on licences and fees, and have ‘x’ peo-
ple employed, should be protected and given consideration for
grants to help them keep on employees and inventory. Every-
thing that went wrong this time will not go wrong again.”

The consultant also argued that the Small and Medium-Sized
Business Development Act could help to diversify the Bahamian
economy away from its traditional reliance on tourism and finan-
cial services, attracting foreign investors to partner with Bahami-
an companies in areas such as information technology, and assist-
ing in knowledge transfer to Bahamians.

Mr Turnquest said he had also recommended to the Government
that, to ensure the proposed Act’s success, individual industries and
their representative bodies meet with the Ministry of Finance and
Chamber of Commerce to submit reports on the “strengths and
weaknesses” of their own sectors.

This would ensure “‘no industry is left out”, and develop goals for
each sector of the Bahamian economy, formulating policies and
incentives to assist every industry’s development. Having all sec-
tors meet at once would potentially ‘crowd out’ some from being
heard, Mr Turnquest argued.

Legal Notice
NOTICE

NOTICE IS HEREBY GIVEN as follows:

(a) CONGRESSO LIMITED is in dissolution under the provisions of
the International Business Companies Act 2000.

(b) The Dissolution of said Company commenced on April 16, 2010
when its Articles of Dissolution were submitted and registered by
the Registrar General.

(c) The Liquidator of the said company is Zakrit Services Ltd. of 2nd
Terrace West, Centreville, Nassau, Bahamas.

(d) All persons having Claims against the above-named Company are
required on or before the 31st day of May, 2010 to send their names and
addresses and particulars of their debts or claims to the Liquidator of the
company or, in default thereof, they may be excluded from the benefit of
any distribution made before such debts are proved.
APRIL 19, 2010
ZAKRIT SERVICES LTD.

LIQUIDATOR OF THE ABOVE-NAMED COMPANY

Legal Notice
NOTICE

NOTICE IS HEREBY GIVEN as follows:

(a) GIAVA OVERSEAS LIMITED is in dissolution under the provisions
of the International Business Companies Act 2000.

(b) The Dissolution of said Company commenced on April 16, 2010
when its Articles of Dissolution were submitted and registered by
the Registrar General.

(c) The Liquidator of the said company is Zakrit Services Ltd. of 2nd
Terrace West, Centreville, Nassau, Bahamas.

(d) All persons having Claims against the above-named Company are
required on or before the 31st day of May, 2010 to send their names and
addresses and particulars of their debts or claims to the Liquidator of the
company or, in default thereof, they may be excluded from the benefit of
any distribution made before such debts are proved.

APRIL 19, 2010

FirstCaribbean

FirstCaribbean is a major Caribbean Bank offering a full range of market-leading financial
services in Corporate Banking, Retail Banking, Credit Cards, Wealth Management, Capital

n’t know what direction it was
going to go, and funding the
vertical construction by differ-
ent methods such as contribut-
ing land as equity was possi-
ble”.

The Tribunal decision also
disclosed that even Lehman
Brothers, the bankrupt invest-
ment bank whose collapse
sparked the Wall Street finan-
cial collapse in September 2008,
had declined to participate in
South Ocean’s financing some
six months before the walls
caved in in New York.

South Ocean’s failure to
obtain the necessary project
financing, according to the Tri-
bunal, was blamed on West-
wood by both Mr Stein and a
Ms Kagan, who had been
appointed as his new financial
adviser. Westwood’s presenta-
tion to Lehman was described
by Ms Kagan as “confusing”
and “not adequate”.

And in a May 2008 e-mail,
Mr Stein allegedly said banks
that had been interested in

financing South Ocean, such as
Scotiabank and Wachovia, had
been “confused” by West-
wood’s presentation.

Meanwhile, Plainfield had
also objected to Westwood’s
revision of the South Ocean
infrastructure budget, which
was increased in late 2007 from
$235 million to $275 million.
This included “$10 million of
incremental interest, $10 mil-
lion to do additional residen-
tial lot development and $12
million to build a golf club
house”.

Plainfield argued that the
increased budget would not be
“marketable”, a contention
found to be supported by Ms
Kagan. With no pre-sales to
support a major piece of the
financing package, Ms Kagan
“confirmed that the revised
structure was not marketable,
as in a declining market situa-
tion there had to be a loan to
value ratio of 40-50 per cent,
and this transaction was proba-
bly closer to 20 per cent”.

POSITION AVAILABLE

Established business seeks
knowledgeable individual to

manage plumbing department.
Send resume to:
P.O. Box N-322.



CAREER OPPORTUNITIES

@A 923 f>

‘
by |

Markets and Treasury. We are the largest regionally listed bank in the English-speaking
Caribbean with over 3,500 staff, 100 branches and banking centres, and offices in 17
regional markets, serving 800,000 active accounts. We are looking to fill the following

position:

Financial Controller- Bahamas & Cayman erreur:

The Financial Controller position is a senior role with responsibility for the overall integrity of the
financial information presented for FirstCaribbean International Bank (Bahamas) Limited (FCIB
Bahamas) and FirstCaribbean International Bank (Cayman) Limited (FCIB Cayman) in accordance with

International Financial Reporting Standards (IFRS).

e The Financial Controller will play a key leadership role in the financial and operational planning
process. Working closely with the senior management team and executives within the organization
and regionally, the incumbent will have responsibility for all aspects of financial management
policies and procedures.

* Responsibilities include financial, regulatory, and management reporting which consists of, but is not
limited to, consolidations and submission of financial statements to Head Office including quarterly
publications for the Bahamas Operating Company (which is publicly quoted), the preparation and
submission of regulatory returns on a timely basis, and the production and analysis of management
reports to assist the Business Units.

e The Cayman Operating Company comprises of a combination of subsidiary and branch operations
in Cayman, St. Maarten, BVI, and Curacao, while the Bahamas Operating Company comprises of
branch operations in Bahamas and the Turks & Caicos Islands.

¢ Responsibilities also include management, coaching and training of the Finance team.

QUALIFICATIONS

Applicants should have a professional accounting designation (ACCA, CA, CPA) combined with
advanced level knowledge of accounting principles, and related experience in a complex
project management environment are essential to this role.
Strong analytical ability, high-level computer literacy and in-depth knowledge of banking
operations and IT reporting systems are fundamental to this role.
Financial services related experience at a senior management level with a minimum of 5 years
post qualification experience.
The following critical knowledge and skills are also essential to this role:
+ In-depth knowledge of IFRSs.
* Good understanding of the governing regulations around banking.
« Good understanding of income tax laws and reporting requirements.
* Good understanding of corporation tax in relation to St Maarten and Curacao
Operations and withholding taxation.

* Coaching ability to effectively deal with change related issues and financial system

implications

* Strong communication, negotiation and presentation skills:
+ Excellent time management skills.
Accurate / attention to detail

« Impeccable integrity
« Able to work under pressure and within timelines.

« Able to embrace change and to assist with the management and coordination
of any finance related projects for the Group.

¢ Able to thrive in a robust and dynamic environment

Additional requirements of this role include frequent travel within the Caribbean region
and work outside of regular office hours to meet reporting and audit deadlines.

REMUNERATION:

* Salary commensurate with the position’s seniority level 10 (The Bank has 11 pay levels).
* Benefits include Life Insurance, Health Insurance, preferred rates on banking services and competitive
salary commensurate with qualifications.

Applications received on or before
April 30, 2010 will be considered

Vacancy is open to Bahamians only.

and should be emailed to:
FIRSTCARIBBEAN

INTERNATIONAL BANK

ZAKRIT SERVICES LTD. Fi _ A
Deangelia.deleveaux@firstcaribbeanbank.com

LIQUIDATOR OF THE ABOVE-NAMED COMPANY
GET THERE. TOGETHER.

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Ministry of Education
SCHOLARSHIP & EDUCATIONAL LOAN DIVISION

IMPORTANT NOTICE

2010 SCHOLARSHIPS

SCHOLARSHIP TYPE DEADLINE
ALL BAHAMAS MERIT SCHOLARSHIP APRIL 30, 2010
NATIONAL MERIT SCHOLARSHIP APRIL 30, 2010
NATIONAL ACADEMIC SCHOLARSHIP APRIL 30, 2010
NATIONAL TECHNICAL SCHOLARSHIP APRIL 30, 2010
NATIONAL GRANT APRIL 30, 2010
GERACE RESEARCH CENTRE SCHOLARSHIP APRIL 30, 2010
FINANCIAL COMMUNITY ADVANCED TECHNICAL

TRUST SCHOLARSHIP MAY 31, 2010
NATIONAL AWARD / BURSARY MAY 31, 2010
TEACHER EDUCATION GRANT 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, Bahama:

APPLICATION FORMS RECEIVED AFTER THE DEADLINE
WILL NOT BE CONSIDERED

PLEASE VISIT OR CONTACT THE SCHOLARSHIP & EDUCATIONAL LOAN DIVISION,

MINISTRY OF EDUCATION, SHIRLEY STREET FOR APPLICATION FORMS AND/OR

ADDITIONAL INFORMATION.

APPLICATION FORMS CAN ALSO BE OBTAINED FROM OUR WEBSITE AT

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 licensing of All Public
Service vehicles will he carried out in New
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)







Realtor moves into
Harbour Island via

Island Living deal

FROM page 1B

F. Holdings, the former Col-
ina Financial Group (CFG),
which owns Colina Insur-
ance Company, the merged
Ansbacher/Sentinel offshore
bank, Colina General Insur-
ance Agency and the Nas-
sau Guardian.

This newspaper attempted
to contact Lowes Realty
head, Alexander Alexiou,
son of A. F. Holdings prin-
cipal and attorney, Emanuel
Alexiou, but was told he was
off-island in Florida. His
office said it would send a
message to him to contact
Tribune Business, but noth-
ing was received before
press time.

However, a message sent
to Island Real Estate’s
clients said: “This is to let
all of our valued homeown-
ers and renters that have
been working with Island
Real Estate for many years
that Island Real Estate has
been sold to Lowes Realty a
firm that has been in busi-
ness in Nassau since 1967.
Geraldine will eventually
retire but for the time being
she is still working hard in
the office to assist with any

“Everything will
continue at
Island Real Estate
the same as it has
since Geraldine
first opened her
doors in 1978,
with the same
warm smiles and
hearty greetings.”



and all requests.”

Message

The message added that
Lowes Realty executives,
husband and wife team,
Derek and Julie Cleare,
would now be working in
Harbour Island from the
Lowes Realty office, while
Alexander Alexiou would
“be spending a lot of time”
there.

“Everything will continue
at Island Real Estate the
same as it has since Geral-
dine first opened her doors

THE TRIBUNE

in 1978, with the same warm
smiles and hearty greetings,”
the message from
Lowes/Island Real Estate
said.

“As the new owners, we
are not going to change the
whole operation - we are
just going to add on some
more services and try and
enhance your experience in
Harbour Island that many
of you have been enjoying
for many years, and we hope
for many more to come.

“We are redoing the web
site, which will now be locat-
ed at www.harbouris-
landrealty.com.

“This is now operational
but [we are] still adding list-
ings to the site.

“One of the many benefits
of the new site is that you
will be able to search and
book homes, look at avail-
ability calendars online.
Owners will be able to log in
and see the activity on their
home, and see any out-
standing bills and black out
dates for their properties.
Renters will be able to log in
and see the status of their
booking, and see their bill
online as well as many other
features.”

Bahamas Oil Refining Company International Limited

Senior Marine Pilot

BORCO, Marine Division are looking to recruit a Senior Marine Pilot to work ina busy
Harbour environment with 4 berths on two jetties in the open sea and one berth in the
harbor. Additionally, BORCO is developing 2 more berths on another jetty in open sea
and another berth in the harbour.

Tut ies:

© Performs duties of a marine pilot
* Ensure safe and efficient navigation and maneuvering of vessels
= Conduct safe movement of vessels from Sea to the berths and / or the anchorage,

Skills amd Experience:

DBA Vopak Terminal Bahamas

Must have seagoing experience in (a) watch keeping (navigational role) asa

navigation officer.

Must have at least 5 years experience as a marine pilot.

Must have good communication skills

Further Requirements:

Must be physically fit hence a medical examination is required
® Be cleared as a senior pilot, an on the job assessment and training will be
conducted along with a number of test voyages will be made.

Revenue Accountant / Financial Analyst

BORO, Finance Division are seeking applications for a Revenue Accountant, Financial
Analyst who is a dynamic, organized self-starter. If vou are looking for a challenging

role, please read on.....

Dhuties:

Prepare invoices for all revenue streams
Maintain records of terminal fees invoiced and payments received
Pursue and collect terminal fees
Prepare and maintain Revenue Budgets, Forecasts and Analysis Reports
Financial Analyst aszigned to assist Cost Managers
Assist with Cash Management and Covenant reporting requirements
Responsible for Central Bank and other Government Reporting

Prepare ad hoe Revenwe Analvsis and other financial reports

Responsible for Revenue and Accounts Receivable general ledger accounts
Investigate unusual variances and take corrective actions

Prepare and post journal entries

Assist a8 needed in all areas of the Finance Department

Job Requirements:

* Undergraduate Degree in Accounting from an accredited four (4) year university or
college and 4 years professional (Accounting) business experience
* Must have strong analytical and communication skills, self motivated and able to work

independently

© Must be proficient in Microsoft Excel, Power Point and Ward

To Apply: Please forward your resume via email to

Heather.Parkerivopak.com

On or before April 24, 2000



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THE TRIBUNE



MONDAY, APRIL 19, 2010, PAGE 7B

$2.67m valuation swing

FROM page 1B

Cardenas’s figures indicate
that the company’s manage-
ment and Board had project-
ed the firm would generate
profits of just $117,066 in fis-
cal 2009. Its final performance
again shows what Bahamian
companies, even in the midst
of recession, can achieve
through focused management
that targets cost containment
— and involves every member
of staff in those efforts.
Looking ahead to the 2010
financial year, which has just
entered its second quarter, Mr
de Cardenas said Bahamas
Waste would “remain focused
on our core businesses, retain-
ing market share and reducing
our operating expenses”.
The company may also
benefit further if the Govern-
ment moves to privatise the
collection of residential
garbage on New Providence,
something it has long
promised. It also remains to
be seen whether Bahamas
Waste will enjoy any spin-offs
from the fact that Cambridge
Project Development Inc, its
key partner in their proposal
to supply the Bahamas Elec-
tricity Corporation (BEC)
with power from a waste-to-
energy plant, is in talks with
the Government to take over

Firm 'wastes' recession by beating
profit forecasts 85 per cent

management of the New
Providence landfill.

Peter Andrews, Bahamas
Waste’s chairman and largest
shareholder, described the
Bahamas Waste/Cambridge
proposal as “a large scale pro-
ject proposing to turn the
stream of municipal solid
waste into electricity, at the
same reducing the waste vol-

ume by 90 per cent...... and
extending the life of the land-
fill by a factor of 10.

“The facility will also recy-
cle significant tonnages of
metals, and is anticipated to
generate carbon credits. The
list of proposers has been nar-
rowed down, and we are on
the short list.”

Continuing the environ-
mentally-friendly theme, Mr
de Cardenas said that despite
encountering “some unex-
pected delays” Bahamas
Waste had started test baling
at its Cardboard Recycling
Facility during the 2009 fourth
quarter. The company had
targeted the 2010 first quarter
end, about now, to “be in full
swing” with this investment.

“We received permission to
proceed with our Biodiesel
project in June [2009], and
have been working diligently
finalizing design, securing the
necessary equipment, work-
ing with the Bahamas Envi-
ronment, Science and Tech-
nology (BEST) Commission
to obtain approval on our
Environmental Impact
Assessment and other regu-
latory requirements,” Mr de
Cardenas added.

“We are very optimistic
that the tendering, awarding
and commencement of the
construction contract will
begin in the second quarter
of 2010, and that we will be
producing our first gallon of
biodiesel early in the third
quarter.” All the biodiesel
that Bahamas Waste pro-
duces will initially be for use
in its own vehicle fleet only.

Bahamas Waste’s manag-
ing director also pledged
“more focus on the sale and
marketing” of the mulch, soil
and compost mix being pro-
duced by Green Systems, the
green waste recycling joint
venture in which it is a 19 per

are Waste Not, Caribbean
Landscaping and New Provi-
dence Development Compa-
ny.

Bahamas Waste’s share of
Green Systems’ 2009 net
income was $12,877, a slight
increase upon the previous
year’s $12,621, indicating that
the latter’s total net profit was
around $67,773.

The carrying value of the
BISX-listed company’s invest-
ment in Green Systems also
increased slightly, from
$143,248 at year-end 2008 to
$156,125 as at December 31,
2009.

Bahamas Waste was not
immune from the recession’s
effects, though, as bad debts
increased by more than 100
per cent, more than doubling
to reach $31,856 at fiscal 2009
year-end compared to $15,159
the year before.

Accounts receivables also
increased from $1.496 million
at year-end 2008 to $1.761
million as at December 31,
2009, but Bahamas Waste
reduced the sums it owed to
others from $397,783 to
$325,687 over the same peri-

drops Fund profits by 95.7%

FROM page 1B

lion in net income for the 12 months to December 31, 2009.

When it came to its debts, the Bahamas Property Fund still
has $13.665 million in long-term borrowings outstanding, split
between two different loans. Some $924,221 is due for repay-
ment currently.



Liabilities

The 2009 increase in the BISX-listed entity’s net debt, stem-
ming from a rise in liabilities to $19.193 million compared to
$16.375 million the year before, resulted in its total gearing ratio
rising slightly to 34.4 per cent, as opposed to 31.6 per cent the
year before.
The accounts confirmed that the Bahamas Property Fund
acquired Providence House, home to the PricewaterhouseC-
oopers (PwC) Bahamas accounting firm, for $3.5 million via the
issuance of 35,000 preference shares valued at $100 each. Some
$350,000 in Stamp Taxes, plus $179,865 in legal and corporate
finance fees, were incurred in association with the deal.

NOTICE

NOTICE is hereby given that HAYWOOD SEYMOUR of

CURTIS STREET, 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 12 day of APRIL, 2010 to the Minister

responsible for nationality and Citizenship, PO. Box



NOTICE

NOTICE is hereby given that MELISSA S. WILLIAMS
of #108 SUNRISE DRIVE, Freeport, Grand Bahama,
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 12‘ day of April, 2010 to the Minister
responsible for nationality and Citizenship, P.O. Box
N-7147, Nassau, Bahamas.

Legal Notice

NOTICE

KESWICK
VENTURES LTD.

(In Voluntary Liquidation)

Notice is hereby given that the above-named
Company is in dissolution, which commenced
on the 15th day of April 2010. The Liquidator is
Argosa Corp. Inc., P.O. Box N-7757 Nassau,
Bahamas.

ARGOSA CORP. INC.
(Liquidator)

Legal Notice

NOTICE
SIVAS INVESTMENTS LTD.

(In Voluntary Liquidation)

Notice is hereby given that the above-named
Company is in dissolution, which commenced
on the 15th day of April 2010. The Liquidator is
Argosa Corp. Inc., P.O. Box N-7757 Nassau,
Bahamas.

ARGOSA CORP. INC.
(Liquidator)

itty Te EE dS

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



cent shareholder. Its partners od. N-7147, Nassau, Bahamas.



Legal Notice

NOTICE

QUABBIN S.A.

(In Voluntary Liquidation)

Re*| DOCTORS HOSPITAL

Health For Life
Notice is hereby given that the above-named
Company is in dissolution, which commenced
on the 15th day of April 2010. The Liquidator is
Argosa Corp. Inc., P.O. Box N-7757 Nassau,
Bahamas.

[VACANT POSITION]

| Coordinator Pharmacy

ARGOSA CORP. INC. ; :
(Liquidator) Qualifications
¢ Experience in a hospital setting is a must.
¢ 7-10 years as a Pharmacist with a minimum
of 5 years in a management position.
Legal Notice * Intermediate to Advance computer skills is a must

N OTI Cc E ¢ Excellent written and oral communication skills

VILLAFRANCA S.A.

(In Voluntary Liquidation)

Excellent customer service skills

Education

* Bachelors Degree in Pharmacy or Science
discipline and license Competence Certificate.
* PharmD is a major plus.

Notice is hereby given that the above-named
Company is in dissolution, which commenced
on the 15th day of April 2010. The Liquidator is
Argosa Corp. Inc., P.O. Box N-7757 Nassau,
Bahamas.

Position Summary

Visionary, pioneering and implementing of new projects
Revenue generation, purchase management

Staff morale/team building

Monitoring of continuing education for the team
Monthly reports/data analysis

Monitoring formulary/formulary changes.

Assisting on-line whenever possible

Salary commensurate with experience
Excellent benefits

Please submit resume to: Human Resources Department
Doctors Hospital | P.O. Box N-3018 | Nassau, Bahamas
or call 302-4618 | Website: www.doctorshosp.com

ARGOSA CORP. INC.
(Liquidator)

FG CAPITAL MARKETS
BROKERAGE & ADVISORY SERVICES

_f3 mT A Te.

ROYAL FIDELITY

Masaty ot Work

BISX LISTED & TRADED SECURITIES AS OF:
THURSDAY, 15 APRIL 2010
BISX ALL SHARE INDEX: CLOSE 1,557.61 | CHG -0.53 | %CHG -0.03 | YTD -7.77 | YTD % -0.50
FINDEX: CLOSE 000.00 | YTD 00.00% | 2009 -12.31%
WWW.BISXBAHAMAS.COM | TELEPHONE:242-323-2330 | FACSIMILE: 242-323-2320
52wk-Low Securit y Previous Close Today's Close Daily Vol. EPS$ Div S$
1.00 AML Foods Limited 1.02 1.02 0.283
9.67 Bahamas Property Fund 10.63 10.63 0.992
5.23 Bank of Bahamas 5.30 5.23 0.598
0.53 Benchmark 0.53 0.53 -0.877
3.15 Bahamas Waste 3.15 3.15 0.168
2.14 Fidelity Bank 2.37 2.37 0.055
9.62 Cable Bahamas 12.20 12.20 1.406
2.69 Colina Holdings 2.72 2.72 0.249
5.00 Commonwealth Bank (S31) 6.00 6.00 0.419
2.21 Consolidated Water BDRs 2.94 2.97
1.32 Doctor's Hospital 2.54 2.54
5.94 Famguard 6.07 6.07
8.75 Finco 9.08 9.08
9.50 FirstCaribbean Bank 10.43 10.43
3.75 Focol (S$) 5.00 5.00
1.00 Focol Class B Preference 1.00 1.00
0.27 Freeport Concrete 0.27 0.27
5.00 ICD Utilities 5.59 5.59
9.95 J. S. Johnson 9.95 9.95 5 250
10.00 Premier Real Estate 10.00 10.00 5
BISX LISTED DEBT SECURITIES - (Bonds trade on a Percentage Pricing b
52wk-Low Security Symbol Last Sale Change Daily Vol.
1000.00 Fidelity Bank Note 17 (Series A) + FBB17 100.00 0.00 7%
1000.00 Fidelity Bank Note 22 (Series B) + FBB22 100.00 0.00 Prime + 1.75%
1000.00 Fidelity Bank Note 13 (Series C) + FBB13 100.00 0.00 7%
1000.00 _ Fidelity Bank Note 15 (Series D) + FBB15 100.00 0.00 Prime + 1.75%
RoyalFidelity Merchant Bank & Trust Ltd. (Over-The-Counter Securities)
52wk-lLow Symbol Bid & Ask & Last Price Daily Val..
7.92 Bahamas Supermarkets 10.06 11.06 14.00
6.00 Caribbean Crossings (Pref) 2.00 6.25 4.00 0.000
0.40 RND Holdings 0.35 0.40 0.55 0.001
CFAL Securities Ltd. (Over-The-Counter Securities)

Change

gooooo9o99°
92000000000
GH666666N66

0.111
0.627
-0.003
0.168
0.678
0.366
0.000
0.035
0.407
0.952
0.156
ases)
52wk-Hi Interest
19 October 2017
19 October 2022
30 May 2013
29 May 2015

EPS $ Div S P/E
-2.945 0.000

0.480

0.000

29.00 ABDAB 30.13 31.59 29.00
0.40 RND Holdings 0.45 0.55 0.55
BISX Listed Mutual Funds
Fund Name NAV
CFAL Bond Fund
CFAL MSI Preferred Fund
1.4467 CFAL Money Market Fund
2.9343 Royal Fidelity Bahamas G & | Fund
12.6816 Royal Fidelity Prime Income Fund
100.5606 CFAL Global Bond Fund
96.4070 CFAL Global Equity Fund
1.0000 FG Financial Preferred Income Fund
1.0000 FG Financial Growth Fund
1.0000
9.1005

4.540
0.002

0.000
0.000

52wk-Low
1.3664
2.8266

NAV 3MTH
1.419947
2.855227
1.504794

NAV 6MTH
1.403783
2.898993
1.489232

YTD% Last 12 Months %
1.4525 0.96 6.30
2.9116 0.85 0.19
1.5254 1.19 5.14
3.2025 2.75 -3.54

13.4986 0.98 5.44

107.5706 3.45 6.97

101.7254 5.52 5.52
1.1034 1.25 5.25
1.0764 0.79 4.37
1.1041 1.23 5.34
9.5795 5.33 5.33

28-Feb-10
28-Feb-10
9-Apr-10
31-Jan-00
-Mar-10
-Mar-10
-Dec-09
-Mar-10
-Mar-10
-Mar-10
31-Dec-09

103.095570
99.417680

101.669300
96.739830

FG Financial Diversified Fund

Royal Fidelity Bah Int'l Investment Fund
Principal Protected TIGRS.

10.0000 Royal Fidelity Bah Int'l Inv:

Principal Protected TIGRS.

Royal Fidelity Int'l Fund - Equities Sub Fund

11.2361 12.36 12.36 31-Dec-09

4.8105 7.6928 -0.31 47.51
MARKET TERMS

YIELD - last 12 month dividends divided by closing price

31-Dec-09

BISX ALL SHARE INDEX - 19 Dec 02 = 1,000.00
Bid $ - Buying price of Golina and Fidelity

Ask $ - Selling price of Goli fid

Last Price - Last traded

Weekly Vol. - Trading volume of the prior week

EPS $ - A company's reported eamings per share for the last 12 mths

NAV - Net Asset Value

N/M - Not Meaningful

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

losing price from day to day
- Number of total shares traded today
DIV $ - Dividends per share paid in the last 12 months
P/E - Closing price divided by the last 12 month eamings
KS) - 4-for-1 Stock Split - Effective Date 8/8/2007
KS1) - S-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

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Full Text
TRY OUR
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Volume: 106 No.121

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The Tribune



ANY TIME...ANY PLACE, WE’RE #1





The cost of

US

justice

SEE INSIGHT SECTION

loudier found
(lead in car

Tragic discovery after BI 3 Met

girl, 3, ‘wanders
from mother’s home’

By AVA TURNQUEST
aturnquest@tribunemedia.net

A THREE-YEAR-OLD
girl is believed to have suffo-
cated when she was trapped
in a car after reportedly wan-
dering away from her moth-
er’s home in Fox Hill this
weekend.

Sandria Demeritte, the old-
est of two children by Sandra
McDonald, 44, and Larry
Demeritte, 50, had been miss-
ing for several hours before
her body was found just 100
metres away in a car at her
father’s residence.

The parents, unmarried,
lived in separate houses both
located on Abner Street off
Fox Hill Road.

Police arrived at the parked
green 2001 Nubira Daewoo,
licence plate number 99249,
at around 4.45pm on Satur-
day.

They discovered the child
in the front passenger seat of
the vehicle wearing a jeans
jumper and red shirt with no
visual signs of trauma. The
emergency medical personnel
that responded to the report
pronounced the child dead at
the scene.

a

An eyewitness claimed that
the child was found in a
kneeling position as if she
were trying to get out of the
car. However, there were no
handles on the car’s inside
doors for her to open.

The source identified the
car as an old, abandoned vehi-
cle, but The Tribune could not
confirm up to press time
whether the car was opera-
tional. It is understood that it
was owned by the child’s
father.

According to reports it is
claimed that the father went
to the mother’s house on Sat-
urday, where they are alleged
to have had a disagreement. It
is said he left the house, slam-
ming the door behind him.

Relatives speculate that the
toddler followed her father —
unknown to him — from her
mother’s house to his own
residence. They believe she
let herself into the car, believ-
ing that she was going some-
where with him.

When the father returned
to the mother’s home to take
care of their children so that
she could leave her house to

SEE page 13

ee 5056,
= . LON



USA TODAY

BAHAMAS EDITION

www.tribune242.com

MONDAY, APRIL 19, 2010





Steak Is Back

ime ele









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



COB strike
announced



By AVA TURNQUEST
aturnquest@tribunemedia.net





MAKING good on their negotiations ultimatum,
faculty members at the College of the Bahamas
announced that they intend to strike today.

“Students, parents, brothers and sisters” have been
invited to “cross the picket-line” and join the Union of
Tertiary Educators of the Bahamas (UTEB) who will
be outside the northern gate of the College’s Oakes
Field campus from 8am today.

The union has decided to act on their strike vote —
cast in November last year — towards securing a time-

SEE page 14





Felipé Major/Tribune staff

UTEB PRESIDENT Jennifer Isaacs- Dotson speaks to the press yesterday outside the Michael Eldon Building in front of the College of
the Bahamas. Faculty members at the College of the Bahamas announced that they intend to strike today. See story above.

Woman shot in back
resisting armed robbers

NEW Providence experienced several
armed robberies this weekend, with one
resulting in a woman being shot in her back
when she resisted thugs who stole her car.

Police are now investigating seven armed
robberies that occurred over a period of
less than three days.

Sometime around 3.46 am on Saturday,
police were alerted to a shooting at Nassau
Village.

When they arrived at the scene, they
found a 21-year-old woman of Marathon
Road with gunshot wounds in her back.

According to reports, press liaison officer
Sergeant Chrislyn Skippings said the woman
was in Nassau Village when she was robbed
of her burgundy coloured Nissan Maxima.
When she resisted, she was shot in her back.

The victim was taken to hospital by emer-
gency medical personnel and admitted.

SEE page 13



Ministry denies depleting
paving, pothole budget

OFFICIALS at the Ministry of
Works yesterday denied claims by
the Opposition that it had depleted
its budget for its paving and pothole
patching initiatives some three
months before the end of the cur-
rent fiscal year.

PLP chairman Bradley Roberts
in a Statement yesterday claimed that
the work load of more than 40
employees of the Ministry of Works
and Transport’s Bahamix Plant has
been significantly reduced amid
claims that the ministry has prema-
turely exhausted its budget alloca-
tion for its own in-house road paving
and potholes patching programmes.

SEE page 20









Former radio talk
show host to run as
independent candidate

By MEGAN REYNOLDS (aaa
Tribune Staff Reporter F
mreynolds@tribunemedia.net LI



FORMER radio talk
show host, entrepreneur |
and life-time resident of
Montagu Graham Weath-
erford has announced his
plans to run as an inde-
pendent candidate in the
next general election to address traffic,
crime and education in his constituency.

The 41-year-old father-of-two going
after the seat held by Minister of State
for Social Services Loretta Butler Turner
said he will draw on his extensive profes-
sional and personal experience to offer

SEE page 14

Graham
Weatherford













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THE TRIBUNE

Bahamian among

four in custody
after suspected
cocaine fount

THREE persons from
Florida and one Bahami-
an are in police custody in
connection with the
seizure of suspected
cocaine.

Sometime around
2.10am on Saturday, offi-
cers of the Mobile Divi-
sion while on patrol on
Meeting and Augusta
Streets observed the
occupants of a red 2005
Suzuki Ignus, with a SD
licence plate number
1161, acting suspiciously.

The officers stopped
the vehicle, conducted a
search and recovered a
quantity of a substance,
suspected to be cocaine.

Vehicle

The four occupants of
the vehicle, a Bahamian
man of Rockwell Estates
off Rocky Pine Road, a
husband and wife of
Orlando, Florida, and a
second Florida woman
were taken into custody
for questioning.

Police also arrested a
43-year-old woman of
Hutchinson Street when
they found suspected
marijuana in her handbag.

Acting on a tip, officers
of the Mobile Division at
around 10.40am on Sun-
day proceeded to the
Hutchinson Street area
off Poinciana Drive.

While there, the offi-
cers conducted a search of
a woman and her handbag
and recovered a quantity
of suspected marijuana.

Investigations contin-
ue.

PAGE 2, MONDAY, APRIL 19, 2010



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THE TRIBUNE

MONDAY, APRIL 19, 2010, PAGE 3



LOCAL NEWS

GB Humane Society defends
relocation of dogs to the US”

By MEGAN REYNOLDS
Tribune Staff Reporter
mreynolds@tribunemedia.net

CRITICISM by PLP chair-
man Bradley Roberts of the
Grand Bahama Humane Soci-
ety’s efforts to relocate 88 shel-
ter dogs in Florida has been
shot down by the charity.

Mr Roberts said the trans-
portation of the potcakes pub-
licised on South Florida news
station WSVN gave a negative
portrayal of the country. He
said Grand Bahama residents
were made famous as people
too poor to care for their ani-
mals or even feed themselves.

“This is a total disgrace,” Mr
Roberts said.

“Pets are an integral part of
any modern society, and if you
allow the world to look at us as
a nation without policies and
procedures to manage the
affairs of pets, you will be
looked at as an uncaring
nation.”

But executive director of the
Grand Bahama charity Eliza-
beth “Tip” Burrows said the
largest ever puppy lift to the US
is nothing but a success story
for the dogs that would other-
wise have had to have been
killed. As the only animal con-
trol facility on the island the
Grand Bahama Humane Soci-
ety took in 1,700 animals last
year and was only able to find
homes for 200 of them on the
island.

The dogs sent to the US ear-
lier this month will be guaran-
teed new homes as they were
distributed at reputable shelters
across the country.

But the healthy animals
could not be guaranteed a
chance at life if held in the
Freeport animal shelter which
was built to hold around 200
animals, but was overcrowded
with 398 dogs when the dogs
were flown to Fort Lauderdale.

And around 88 homeless
dogs have been brought in since
the puppy lift, Mrs Burrows
said.

“What would they prefer us
to do with the animals?” she
asked.

“Tf you put healthy animals
to sleep it’s not euthanasia, it’s
not mercy killing, it’s killing.

“We are not looking at send-
ing dogs away as a solution to
the problem, it’s a solution for
those animals, but the solution
to the problem is more
resources, more spay and neuter
clinics, and more education and
legislation.”

The non-profit Grand
Bahama Humane Society
receives no government fund-
ing while carrying out the civic
function of the animal control
unit in the absence of such a
government facility in Grand
Bahama.

And the shelter has been
under added pressure in the
recession as about 80 per cent of
dogs admitted to the Humane
Society last year were brought
in by owners who could no
longer afford to keep them, Mrs
Burrows said.

The government animal con-
trol unit in New Providence
reported the same trend in the
recession.

However, the international
rescue effort to save the lives
of the healthy pets has been
interpreted as a source of shame
by Mr Roberts and others
embarrassed by the US media

coverage.

“The story sheds a very bad
light on the Bahamas,” said the
PLP chairman.

“How can it be that a group
of volunteers along with a crew
of reporters from a foreign tele-
vision news station, Just dance in
on an island lke Grand

eee Be Rosie
ee Ls
AWE

Uae bate
322-2157







ABOVE: Dogs are ready for their lift to the US.
RIGHT: Max, who is now living happily in Denver, Colorado

Bahama, ups with 88 dogs and
leave without consulting any
government authority?

“Then go on to make such
serious allegations about the
people not being able to take
care of themselves, let alone
pets, and that there are only a
few good homes on the island,
and yet not a word from this
wutlus government, with such
proven leadership?”

Umbrellas
Loungers
Drinks Trolleys
Coffee Tables

But the moving of shelter
animals to the US requires no
permission other than the
health certificates the potcakes
had been issued, Mrs Burrows
said. She emphasised how the
stray dog problem in Grand
Bahama is more than a political
game, as the Humane Society
has been fighting for outdated
animal rights legislation deter-
mined in 1942.





Mrs Burrows said: “If gov-
ernment wants to get involved
and do something I would work
on getting some modern legis-
lation in place and funding for
groups.

“Tt would be good if govern-
ment would pay more attention
to the animal problem.

“We have tried to get sup-
port from both the PLP and
FNM governments for at least
the last 10 years,” she said.

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Teenager suffers knife
_ wounds after argument

A 19-YEAR-OLD man suffered Knife wounds in his
head after getting into an argument with a group of men on
Tonique Williams-Darling Highway.

The incident took place at around 12.09 am on Sunday.

The injured man was taken to hospital by emergency

medical personnel.

No status update was given yesterday by police as to the

victim’s condition.

Two women, man questioned
after illegal firearm found

TWO women and one man
were taken into police custody
after an illegal firearm was
recovered from a house in the
Baillou Hill Road area.

Officers of the Mobile Divi-
sion and the Selective Enforce-
ment Team executed a search
warrant at a residence on Dun-
more Street off Baillou Hill

Road on Friday at around
7.56pm.

The officers searched and
found a handgun with ammu-
nition in an eastern bedroom
closet.

Three people, two women,
aged 23 and 27, and a 32-year-
old man, all of Dunmore Street
were taken in for questioning.

Man drowns in driving trip

A 52-YEAR-OLD man of Illinois drowned during a diving
trip off Blanket Sound, Andros, on Saturday.

The incident happened sometime around 3.45pm on Saturday.
The victim was taken to the local clinic, where he was pro-
nounced dead by the presiding physician.

Police yesterday did not release the name of the drowning vic-
tim, but officers in Fresh Creek said they would have more

information by today.

Because of its proximity to the Tongue of the Ocean, Andros
has become popular for scuba diving, including such well-known

divers as Jacques Cousteau.

The first dive resort in Andros was built in Blanket Sound by
Archie Forfar, a Canadian who died trying to break the Guin-
ness world record for deep diving.

Today, the site is an environmental education facility owned
and operated by International Field Studies.

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




PAGE 4, MONDAY, APRIL 19, 2010

EDITORIAL/LETTERS TO THE EDITOR

THE TRIBUNE





The Tribune Limited

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

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

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

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

Publisher/Editor 1919-1972
Contributing Editor 1972-1991

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

Publisher/Editor 1972-

Published Daily Monday to Saturday

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

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

WEBSITE
www.tribune242.com — updated daily at 2pm

Time to be realistic gambling

TO GAMBLE or not to gamble, that is
the question.

Former prime minister Perry Christie
believes that to legalise “the numbers busi-
ness” in the Bahamas would have “enor-
mous implications” for the tourism indus-
try as well as “deep social implications.”

Prime Minister Hubert Ingraham has met
with the Christian Council, which really rep-
resents the Baptist voice, a voice that is rigid-
ly against gambling in any form — as a mat-
ter of fact it is a tenet of their religion. How-
ever, there are other churches — the
Catholics in particular — that use a benign
form of gambling — bingo and raffles — to
raise funds to help operate their schools and
various other organisations.

From time to time the police have raided
the various numbers houses — including the
largest one of all, the Flowers enterprise—
vowing that as long as gambling remains on
the statute books they are going to enforce
the law and stamp it out.

And then there are the people, who are
making a fool of them all. The numbers
game has become a part of their religion,
and police or no police, law or no law, they
intend to play the numbers. Why even police
officers have been seen at the numbers win-
dow waiting to take their chance. And we
know of Baptists who have asked for birth
dates, hoping that playing those dates will
flip a few extra coins in their pockets.

Meanwhile, crime grows in our commu-
nities and society needs protection. There are
not enough police officers to go around, so
the Christian Council will have to make up
its mind and face reality. Do these men of
the cloth want the police to chase the num-
bers man, and his patrons, or the gun-toting
criminal who breaks into their homes, steals,
rapes and murders? A realistic choice has to
be made.

The Council is adamant that gambling
should be stamped out, rather than legalised
and controlled. The numbers racket has been
allowed to go on far too long in this county,
so long that even a police state would find it
impossible to suppress it. If government lis-
tens to the Council, nothing will be done
and the street corner numbers racket and
Flowers’ more sophisticated operation will
continue to flourish. The people will con-
tinue to make a fool of the law, and the
police will be stretched thin in trying to chase

both the harmless and the vicious criminal. It
is now time that the Christian Council faces
reality.

In discussing the matter in the House of
Assembly this was Prime Minister’s Ingra-
ham’s realistic view of the situation:

“Now, Mr Speaker, this society on a Sun-
day morning, you go to the gaming houses,
to Flowers and those places, and it is like a
bank on payday — government payday. They
are set-up like a bank, hundreds and hun-
dreds and hundreds of places. Well, either
we believe that it is illegal, or we believe
that it should be legal,” said Mr Ingraham.

“T told the commissioner of police last
week, that it seems to me that we are unable
to enforce that law, and that I was going to
give consideration to legalizing the numbers
business. Of course he didn’t support me in
that thinking, but the reality is that it is not
an enforceable law. And the society is doing
it everyday. There is webshop here, and a
webshop there, all over the island,” said the
prime minister.

The phenomenon of webshops — gaming
houses — have now spread across the Fami-
ly Islands, noted Mr Ingraham, to places
such as Abaco, Exuma and Bimini. He said
of the phenomenon, “it’s nationwide.”

As it cannot be controlled, then manage
it, and tax it to the point that its revenue
can benefit all of the Bahamian people. Edu-
cation, the medical facilities and sports all
desperately need an infusion of funds to
improve their services to the nation.

In Barbados, for example, the national
lottery is made up of the Barbados Olympic
Association, the Barbados Cricket Associa-
tion, the Barbados Turf Club and the
National Sports Council.

It was announced that GTECH Hold-
ings Corporation has a management agree-
ment to operate and manage the Barbados
Lottery. During the 18-year agreement
GTECH expects to generate revenues
between $80 and $100 million.

Can one imagine what government could
do with such funds?

The Bahamian people have already
decided the issue. Regardless of the law,
they intend to play their numbers. It would
be better for all of society if this game of
chance were decriminalized, taken in out of
the cold and controlled by the laws of the
land.



DON STAINTON |
PROTECTION Lid.

My love and
admiration for
Sir Arthur Foulkes

EDITOR, The Tribune.

The swearing in of Sir Arthur
Foulkes this morning as Gov-
ernor General of The Bahamas
was an extremely joyous occa-
sion for me personally and I
could not allow it to pass with-
out comment. It is no secret to
those who were regular read-
ers of my column “Oswald
Brown Writes” that I have a
great deal of love and admira-
tion for Sir Arthur. He is one of
two individuals, the other being
the late Sir Etienne Dupuch,
who were responsible for laying
the foundation for whatever I
have accomplished in my
almost fifty years as a journalist.

I first met Sir Arthur when I
went to work with The Nassau
Tribune as a trainee reporter
in May of 1960 and he was that
paper’s news editor. Like Sir
Etienne, The Tribune’s pub-
lisher and editor at the time, he
took a keen interest in my jour-
nalistic training, but Sir Arthur
also provided me with wise
counselling when my some-
times questionable behaviour
outside the work environment
suggested that I needed his sage
advice. I am a much better
human being today because of
the special interest he invested
in my personal development.

Sir Arthur is unquestionably
one of the most caring, decent,
unselfish and committed indi-
viduals I have encountered in
my lifetime. His more than fifty
years involvement in politics
provides a storehouse of evi-
dence to support this con-
tention. It is indisputable that
he was supremely committed
to the progressive struggle;
indeed, a point that I often
made in the past when dis-
cussing this issue is that no one
individual in this country made
a greater sacrifice to the strug-
gle that led to the Progressive
Liberal Party’s victory in the
1967 general election than
Arthur Alexander Foulkes did.
No one individual put as much
as he did on the line in 1962
when he agreed to offer him-
self as a candidate for the PLP
in the general election. Several
of those who in later years
basked in the glory of the PLP’s
eventual victory in 1967 and
became very wealthy because
of their involvement in the PLP
government flatly declined to
run in 1962 when they were
approached by the party
because they did not want to
jeopardize their comfortable
jobs.

Not so with Sir Arthur. At
the time, he had a very com-
fortable and financially reward-
ing job as news editor of The
Tribune. He also had a huge
family to support, including six
or seven children at the time,
but he nonetheless made a deci-
sion that very few people in his
position would have had the
courage to make, especially
considering the area where the

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LETTERS

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PLP had chosen for him to run.
Arthur Foulkes and Arthur
Hanna were the two PLP can-
didates in the Far Eastern Dis-
trict. Their United Bahamian
Party (UBP) opponents were
Geoffrey Johnstone and Pierre
Dupuch, the son of his boss, Sir
Etienne.

Surely, Sir Arthur must have
considered the prospect that his
future employment at The Tri-
bune would be jeopardized by
his decision to run against the
son of his boss.

It took a special brand of
courage for a young man with
six or seven children to put his
job on the line for a cause in
which he believed.

In examining the pros and
cons of making such a decision,
he obviously had to think of
how it would affect his family,
but the PLP had made tremen-
dous strides politically and, with
women voting for the first time,
the party appeared to be on the
brink of defeating the UBP at
the polls, if it could field a good
slate of candidates. As it turned
out, the PLP did not win the
election, and Sir Arthur lost his
bid for a seat in the House. The
results may have been differ-
ent for him, however, if sup-
porters of the PLP had not
been hoodwinked into think-
ing that both PLP candidates
would win their seats, but it was
important for Arthur Hanna to
be elected as the senior repre-
sentative. The voting process
at the time allowed for the elec-
tion of a senior and junior rep-
resentative in some districts.
Under this system, voters in
areas where two candidates
were running for a party could
give each candidate a vote or
to “plumper” one candidate by
giving him both votes, but the
two votes would only count as
one. Arthur Hanna tallied the
highest number of votes, includ-
ing more than 100 plumper
votes, to be elected as the
senior member, while Mr. John-
stone finished second to be
elected as the junior member.
However, his margin of victory
over Sir Arthur was less than
50 votes, which meant that if
51 of those who gave Mr. Han-
na a plumper vote had sup-
ported Sir Arthur, he would
have been the junior member.

After he failed in his bid for
a House seat in 1962, Sir
Arthur resigned from The Tri-
bune to become the founding
editor of The Bahamian Times,
the official organ of the PLP.

No one who was involved in
the progressive struggle at the
time can honestly dispute the
fact that The Times played a
key role in the PLP’s victory in
1967.

But beyond the journalistic
contributions Sir Arthur made
in promoting the PLP and its
message, he was one of the
most sought-after speakers in
the party because of his
dynamic oratory.

In the historic 1967 elec-
tions, which ended centuries of
white minority rule, he was the
PLP’s candidate for the Grants
Town constituency and
emerged victorious.

Over the subsequent years,
he served his country in vari-
ous capacities politically and in
the diplomatic arena. It is there-
fore a more than well deserved
honour that he has been sworn
in as the eighth governor gen-
eral of The Bahamas. Congrat-
ulations, my good friend and
mentor. God is good.

OSWALD T. BROWN
Freeport,
Grand Bahama.

(Sir Arthur Foulkes resigned
from The Tribune before the
1962 election in which he was
defeated. In the editorial of
Wednesday, April 14, it was
stated that he had resigned in
1963. This date was incorrect,
he resigned before the 1962
election.— Ed).

NEU

Hag 9

EDITOR, The Tribune.



Friday afternoon, one hour
and thirty minutes in traffic
from Victoria Avenue Bay
Street to Village Road junction,
chaos and callous ignorance on
display at every intersection
along the way but nary a
glimpse of the police road traf-
fic division, so much for dili-
gence, dedication to duty and
concern for the motoring pub-
lic.

Finally, sublime ignorance in
the persons of two of the
RBPF's finest, sirens howling
madly, arrogantly butting their
way a yard a minute through
the gridlock creating further
pandemonium, in order to
ensure that the two convicts in
their care are returned home
in time for dinner.

It truly is better in the
Bahamas.

IAN MABON
Nassau,
April 17, 2010.





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THE TRIBUNE

MONDAY, APRIL 19, 2010, PAGE 5

LOCAL NEWS



Arrest over alleged
theft from charity

By DENISE MAYCOCK
Tribune Freeport
Reporter
dmaycock@tribunemedia.net

FREEPORT - A 47-year-
old male resident of Hudson
Estate who was allegedly
caught with stolen items from
a local charity organisation
was arrested by police early
Friday morning.

Asst Police Supt Loretta
Mackey said the arrest was

made sometime around
1.15am while officers were
on patrol in the Livingstone
Drive area, near downtown
Freeport.

According to reports, offi-
cers observed a man carry-
ing a container and acting
suspiciously. They stopped
and questioned him.

While searching the con-
tainer officers discovered sev-
eral items that were suspect-
ed of being stolen. The man

was taken into custody by
police.

Ms Mackey said later that
morning around 9am, police
received a report from a rep-
resentative of the Grand
Bahama Red Cross Building
on Livingstone Drive that
several items had been stolen.

The suspect is expected to
be formally charged with
shopbreaking and stealing in
the Freeport Magistrate’s
Court today.

Bahamian pilots held in Dominican
Republic on trafficking charges






PUSHIN’ DA ENVELOPE

By Jamaal Rolle



TWO Bahamian pilots accused of traf-
ficking Dominican migrants bound for
the United States will have to remain in
jail in the Dominican Republic until their
trial starts in eight months, authorities in
Santo Domingo ruled on Friday.

Kennett Courdero Whymns and Mar-
vin Dennis Cabral were arrested last week
and accused of trying to fly five people to
the Turks and Caicos Islands with false
visas and passports, the Associated Press
reported.

The migrants had reportedly each paid

around $20,000 for the trip to Providen-
ciales where they were to board a boat
to the US, prosecutor Yenny Reynoso
said.

The Bahamian pilots are also accused
of previously organising at least five sim-
ilar trips.

Dominican authorities said they are
cracking down on illegal charter flights
after a group of 11 migrants boarded a
plane in December 2008 that disappeared
over the Atlantic Ocean, the Associated
Press reported.

Spelling Challenge ‘well
supported’ by community

By DENISE MAYCOCK
Tribune Freeport
Reporter
dmaycock@tribunemedia.net

FREEPORT - About 60
spellers will be participating
in the fourth annual
Church of the Ascension
Spelling Challenge on April
25.

Brian Hanna, chairman
of the Spelling Challenge,
said the event has been well
supported by the commu-
nity.

He said participation has
steadily increased each
year.

“We are pleased with the
support we have gotten
over the years,” he said.

The first year we had 28
spellers, we had 67 the sec-
ond year, and 76 in the
third year.

“Initially, we wanted to

bring young persons in the
church together and excite-
ment grew within the com-
munity so eventually we
opened it up to anyone
who wanted to partici-
pate...and it has been well
supported by schools on
Grand Bahama,” he said.

Mr Hanna said the
Spelling Challenge is open
to students aged 8-12 years.

The prizes include a lap-
top computer for first
place, IPOD for second
place and DVD player for
third place. There also will
be a raffle drawing and
door prizes.

Mr Hanna said the
Rotary Club of Sunset is
co-sponsoring the event.

“T was pleased that Mr
Hanna approached us to
become a part of the
Spelling Challenge this
year,” said Mr Ward, pres-

ident of the Rotary Club of
Sunset.

“We are newly estab-
lished club on Grand
Bahama and Rotary Inter-
national is big on literacy
and we want to be a per-
manent supporter of this
event,” he said.

The Spelling challenge
will be held at the Church
Hall on West Beach Drive
at 12 noon.

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PAGE 6, MONDAY, APRIL 19, 2010

THE TRIBUNE

National Children’s

Choir are special guests
at concert series opener

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By REUBEN SHEARER

THERE was no fanfare or
ticker tape parade for the
youth of the National Chil-
dren’s Choir as they arrived
from Prague at the Lynden
Pindling International Airport
last month.

Fresh from a performance
on the international stage at
the Young 2010 Prague Festi-
val and competition in Prague,
capital of the Czech republic,
the choir brought a Caribbean
“flavour” to the competition,
and had every reason to be
proud. It was the perfect
award to cap 20 years of the
choir’s existence on the inter-
national scene.

Early on in the Prague
competition, the choir estab-
lished themselves as a crowd
favourite. With just 27 mem-
bers, they were the only
ensemble from the Western
Hemisphere taking part in any
division of the Prague festi-
val.

Capturing the Prague
Bronze Award, the choir
rounded out the top three of
competition winners — their
first time competing in the
European singing face-off.

In recognition of the
National Children’s Choir’s
recent feat, the Wyndham’s
management team dedicated
the first of a five-part April
concert series, which started
Sunday, in honour of the
choir’s accomplishments at a
new dinner and concert expe-
rience that will feature top
recording artists in local
gospel music entertainment.

The concert featured the
National Children’s Choir as
special guests, followed by the
gospel group “Shaback,”
which paid tribute to the choir
in a special segment.

Alfred Dean, co-director
of the National Children’s





aes es *
‘alle tesa

THE NATIONAL CHILDREN’S CHOIR performing in the Czech

Republic at Prague Festival.

Choir said, “The choir will be
performing a few items that
we used to win the competi-
tion in Prague.

“Five songs will be sung,
including ‘Dis we Bahamian
(medley),’ and spiritual num-
bers ‘Total Praise’ and ‘Lift
Thine Eyes.’”

The National Children’s
Choir performed these and a
touching rendition of Clement
Bethel’s, “When the road
seems blocked,” to a captivat-
ed audience at the Prague fes-
tival.

On Sunday, at the Wynd-
ham Nassau Resort, the choral
put on an hour-long show.
Patricia Bazard, Audrey
Wright, and Alfred Dean had
been preparing all 132 mem-
bers for last night’s big
moment.

Over the years, the Nation-
al Children’s Choir has been
financially supported by local
business firms that work close-
ly to foster youth development
and culture, and the Wynd-
ham Nassau Resort was

pleased to be added to the list
of the choir’s patrons this year.

Lowena West, public rela-
tions consultant at the hotel
told The Tribune, “to have a
corporate partner like the
Wyndham pay tribute to the
National Children’s Choir is
significant.

“The Wyndham is putting
on this concert to celebrate
these children, their parents,
and the schools they repre-
sent, and we will be making a
presentation to them as well,”
he said.

Mark Hawken, Assistant
General Manager at the Wyn-
dham said, "This celebration
of deep rooted community is
not to be missed, and the
Wyndham Nassau Resort
offers great tastes at a Gospel
music series launch event for
all Bahamians and visitors to
enjoy.”

The first concert took
place last night, starting with a
dinner at Seaside Restaurant
at 6pm, with live music at the
Rainforest Theatre at 7.30 pm.

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THE TRIBUNE

MONDAY, APRIL 19, 2010, PAGE 7

Bahamians urged to get an

audit of their homes

energy

By GENA GIBBS
Bahamas Information
Services

BAHAMIANS are improv-
ing their energy efficiency by
taking advantage of the ener-
gy audit programme offered
by the Bahamas Electricity
Corporation. The programme
began this March and will be
in effect until September.

In a recent exclusive inter-
view with Bahamas Informa-
tion Services, State Minister
for the Environment Phenton
Neymour said, “We want
BEC customers to call in as
soon as possible at 302-1000
and request an audit to be
performed on their house. It
is free of charge whether or
not you take the engineer’s
advice.”

“BEC will enter your home
to look at your appliances,
consumption history, and
assess whether your appli-
ances are appropriate or
advise you to replace them
with energy efficient appli-
ances.”

The Ministry of the Envi-
ronment is footing the bill for
energy audits to reduce the
economic burden of the
national fuel consumption.

“It is very expensive for the
Ministry to offer this service,
but in the end the savings will
be passed on to the Bahami-
an people,” said Mr Ney-
mour.

“If Bahamians learn cost sav-
ing measures, they would have
more money to spend on other
things, so this project needs to
be successful.”

For the next six months,
BEC will spearhead the pro-
gramme by assigning its engi-
neers to conduct the inspec-
tions, in accordance to the
guidelines outlined in the
National Energy Policy.

“This energy audit is
about reducing your energy
bill to give you more money
in your pocket,” said Mr
Neymour.

The Ministry of the Envi-
ronment can use the feedback
from the audits to measure
public support of government
programmes to promote con-
servation.

“When we did the energy
audit of Prime Minister
Ingraham’s home, we found









his energy savings would
come from changes to his air
conditioning system,” said Mr
Neymour.

“When we did the audit of
Minister (Earl) Deveaux’s
home, we realised the energy
savings could come from
changes to his lighting, so
savings can come from dif-
ferent areas depending on
how your house is configured
and what appliances you
have.”

Mr Neymour, a profession-
al engineer, performed his
own energy audit and
reduced his home energy con-
sumption by at least 30 per
cent.

“My house does not have
an air condition unit because
there are certain design fea-
tures I put into the design of
my home to reduce energy

consumption,” said Mr Ney-
mour.

“As I like to say, older
Bahamians were no fools
when they built their homes
with high pitched roofs and
windows on the top of the
pitch. When they opened
that window, the hot air
would rise and be able to
escape.”

Air-conditioning, water
heaters, and fuel for cars are
the three basic areas where
energy is mostly consumed.

“Tf you have a solar water
heater, the sun will heat the
water up, so you save on elec-
tricity and the heater pays for
itself,” said Mr Neymour.

“Now is the time we need
to address energy consump-
tion in all sectors of our econ-
omy because going green is
going Bahamian.”

Creative ways to
buy a home or land

By MIKE LIGHTBOURN

WITH banks tightening up
on mortgages, a person who
would have qualified for a
loan a couple of years ago
may get turned down.

This can be quite frustrat-
ing, especially as prices have
adjusted to more realistic lev-
els. If you can afford to, this is
a good time to make the leap
into property ownership.

First time purchasers who
are in a position to do so will
want to take advantage of the
Government’s stamp tax
exemption on properties
priced below $500,000. This
is not an automatic exemp-
tion — it has to be applied
for.

If there was ever a time for
creative financing, it’s now.
Avoiding banks entirely, if
possible, has its advantages.

Occasionally vendors are
willing to finance the pur-
chase of a home or property,
sometimes at favourable
terms. Generally this is more
likely to be possible on vacant
properties or those in an Out
Island.

Ask your Bahamas Real
Estate Association agent to
be on the lookout for owner
financing options.

In many cases, a purchaser
will qualify for a loan that falls
short of the amount they need
to buy the home they desire.

That loan can be used as a
stepping stone to a better
home. Your first home may
be far from ideal. However,
you can renovate it as funds
permit, all the time building
equity towards the purchase
of a nicer home down the
road.

If your parents will allow
it, consider living with them
while you rent your newly
purchased home for the first
couple of years. The rent

could be applied towards the
mortgage payments, helping
you build equity. Comments
or questions? E-mail me at
@ColdwellBankerBa-
hamas.com.

Tip of the week — Don’t
over extend yourself. Allow
things to fall in place with
time. The first home I pur-
chased in the late ’60s was
with the down payment being
alot I had purchased the year
prior and a mortgage for the
difference.

¢ Mike Lightbourn in pres-
ident of Coldwell Banker
Lightbourn Realty in Nas-
sau.



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LEFT: Signs in the BEC
headquarters lobby advertise
the energy audit programme
available to electricity cus-
tomers, wishing to learn more
about reducing their energy
consumption. People are
asked to call 302-1000 to
schedule an audit between
now and September 2010.

RIGHT: The Ministry of the
Environment urges Bahami-
ans to schedule an audit of
their homes to learn the dif-
ferent areas where energy is
being consumed.

Gena Gibbs/BIS





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- The Royal Bahamas Police Force

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PAGE 8, MONDAY, APRIL 19, 2010

THE TRIBUNE



22
GBPA extends support

to sp

ecial athletes

from Grand Bahama

THE Grand Bahama
Port Authority is support-
ing the efforts of the Grand
Bahama Island Special
Olympic athletes in pursuit
of their participation in the
2010 National Champi-
onships.

Special Olympics were
founded on the belief that
people with intellectual dis-
abilities can, with proper
instruction and encourage-
ment, learn, enjoy and ben-
efit from participation in
individual and team sports.

The GBPA said it is
proud to lend financial sup-
port to the training of the
athletes for the 2010
National Championships,
which will be held in New
Providence this summer.

Cheque

GBPA director of com-
munity relations, Geneva
Rutherford, represented
GBPA executives and
donated a cheque to the
Special Olympics Commit-
tee of Grand Bahama in
the lobby area of the Port
building.

“GBPA is well aware
that due to the state of the
economy, active fundrais-
ing has been a challenge
for many organisations.

“In spite of this, GBPA
remains committed to
funding impactful pro-
grammes that make a
meaningful difference in
our communities,” she
said.

The mission statement
for all Special Olympians
is to provide year-round
sports training and athletic
competition in a variety of
Olympic type sports for

gr,

Ne









1
: {*
- a t a







SPECIAL OLYMPICS of Grand Bahama Track and Field coach
Renee Russell (left) accepted a cheque on the committee’s behalf
from the Grand Bahama Port Authority presented by GBPA’s direc-
tor of community relations Geneva Rutherford.

children and adults with
intellectual disabilities, giv-
ing them continuing oppor-
tunities to develop physi-
cal fitness, demonstrate
courage, experience joy
and participate in sharing
of gifts and friendship with
their families, other Spe-
cial Olympics athletes and
the community.

Grand Bahama Special
Olympic Track and Field
coach Renee Russell
received the cheque from
GBPA on behalf of the
Special Olympics Commit-
tee of Grand Bahama.

“Our athletes train hard

National Championships
held in Nassau.

“Twenty athletes attend-
ed the December 2009 Bas-
ketball Tournament in
Nassau and brought home
the gold medals in their
divisions. Our athletes
have competed in China
and in 2011, we plan to
compete in the Special
Olympics World Summer
Games hosted in Athens,
Greece,” she said.

Ms Russell showed
appreciation for the dona-
tion: “We thank the Grand
Bahama Port Authority for
today’s donation. This
and it shows that hard money will be immediately
work does pay off. used to outfit the athletes

“Grand Bahama sent 40 and aid in travel expens-
athletes to the 2009 es.”

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THE TRIBUNE

MONDAY, APRIL 19, 2010, PAGE 9

LOCAL NEWS







Catholic Board of Education
honours 90 colleagues

By JOAN ROLLE AND
BERNADETTE RAMSEY-JOHNSON



IN conjunction with the Catholic Board of
Education’s 120 anniversary celebrations, an
awards ceremony was held last Monday at St
Paul’s Catholic Church Parish Hall, Lyford Cay.

Under the theme “A Year of Favour from the
Lord”, around 250 New Providence administra-
tors, teachers and support staff gathered to hon-
our 90 of their colleagues who were being recog-
nised for their uninterrupted service to the
Catholic educational system of between 10 and 41
years.

Senator Dr Jacinta Higgs, the keynote speak-
er, spoke on the transition of development of
education from ancient to modern times.

Archbishop Patrick Pinder blessed, addressed
and presented awards to those being honoured.
He was assisted by Mr D’Arcy Rahming, vice-
chairman of the Catholic Board of Education.

During the service musical interludes were
provided by the Aquinas College Concert Band,
and the Catholic Diocesan Teachers’ and Staff
Choir under the direction of Mr. Jacob McPhee.
Ms. Nicolasena Davis-Maycock (St. Thomas
More) and Mr. Dion Turnquest (Our Lady’s)
also rendered special musical tributes.

Archbishop Pinder took time away from a
priest retreat at Emmaus Centre to address the
teachers and staff stating that Catholic Education
is the largest social outreach ministry of the
Catholic Archdiocese of Nassau. He thanked all
stakeholders of Catholic Education and encour-
aged them in the sacred Mission of Education.

Listed below are those who were honoured.

30 OR MORE YEARS OF SERVICE:

Sister Jacinta Neely, Order of St

Benedict, at Aquinas College, 41 years.

Patricia Coakley, Catholic Education Centre, 37
years.

Euleta McKenzie, St Thomas More, 36 years.
Madge Clare, Our Lady’s School, 35 years.
Bernadette Ramsey-Johnson, Aquinas College, 33

years.
Emily Lockhart, St Bede’s School, 32 years.
Rosemary Daniels, St Thomas More, 30 years.

20 TO 29 YEARS OF SERVICE:
Bernadette Methollal, Aquinas College, 29 years.
Barbara Moseley-Gray, Sts Francis and Joseph, 29

years.
Claudette Rolle, Catholic Education Centre, 28 years.
Randol Dorsett, Aquinas, College, 28 years.

Marcel Sherman, Aquinas College, 28 years.

Cheryl Huyler, St Cecilia's School, 28 years.

Leo Delaney, St Cecilia’s School, 28 years.

Marie Rodgers, St Cecilia’s School, 28 years.

Gloria Knowles, Sts Francis/Joseph, 28 years.

Janet Sands, St Thomas More, 27 years.

Shona Knowles, Aquinas College, 26 years.

June Hutcheson, Aquinas College, 25 years.

Linda Johnson, Our Lady’s School, 25 years.

Judith Nixon, St Cecilia's School, 24 years.

Joan Rolle, Catholic Education Centre, 24 years.
Jose Josephs, Aquinas College, 22 years.
Brenda Watkins, Aquinas College, 22 years.
Kathleen Dallin, Xavier's Lower School, 22 years.
Joan Cates, Aquinas College, 21 years.

John Sosu, Aquinas College, 21 years.
Stephanie Coley, St Cecilia’s School, 21 years.
Charmaine Young, St Cecilia’s School, 21 years.
Wynsome Tulloch, St Thomas More, 21 years.
Nova Miller-Irving, Xavier's Lower School, 21 years.
Sister Marva Coakley, Order of St Benedict, St
Bede’s School, 20 years.

10 TO 19 YEARS OF SERVICE:

Fanette Francis, Xavier's Lower School, 19 years.
Jacob McPhee, Aquinas College, 19 years.
Romia Passley, St Cecilia’s School, 19 years.
Faye Penn, St Cecilia’s School, 19 years.
Kathleen Wallace, St Bede’s School, 19 years.
Jacintha Goffe, Sts Francis/Joseph, 18 years.
Dannavan Morrison, Catholic Education, Centre, 17
years.

Kenva Johnson, St Cecilia’s School, 16 years.
Helena Cargill, Aquinas College, 16 years.

Gretal Collie, Aquinas College, 16 years.

Elizabeth Morrison, Aquinas College, 16 years.
Margaret Bennett, Aquinas College, 12 years.
Lawrence Irving, Aquinas College, 12 years.
Maureen Seymour, Catholic Education Centre, 12

years.
Annette Alfred, Our Lady’s School, 12 years.
Eustace Punch, Our Lady’s School, 12 years.
Ronnise Seymour-Heastie, Sts Francis/Joseph, 12
years.

Oscone Petit-Frére, Sts Francis/Joseph 12 years.
Charmaine Brown-Major, St Thomas More, 12 years.
Makeba Calder-Bain, Xavier’s Lower School, 12
years.

Wanda Burrows, Aquinas College, 11 years.

Induy Sinoid, Aquinas College, 11 years.

Pamela McCartney, Catholic Education Centre, 11
years.

Maria Ajero, Our Lady’s School, 11 years.

Crystal Greeur, Our Lady’s School, 11 years.
Heslin Oliver, Qur Lady’s School, 11 years.
Amanda Dorsett, Xavier's Lower School, 11 years.
Hilaire Oscar, Xavier's Lower School, 11 years.
Kenria Dorsett, St Francis/Joseph School, 10
years.

Coresia Kemp, St Francis Desales, Abaco, 10
years.

The day ended with a luncheon and the awards
presentation. Mrs. Claudette Rolle, Director of
Catholic Education, thanked the planning com-
mittee members and all those persons who made
the day possible. She also thanked all the teach-
ers and staff who continue to make the changes,
sacrifices and provision for the development of
our young.

“The Catholic Board of Education will host
further award ceremonies for those teachers who
have been working on the family islands as we
celebrate this Year of Favour from the Lord,”
said a spokesman.

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PAGE 10, MONDAY, APRIL 19, 2010

THE TRIBUNE



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After a year of the EPA with Europe:
insight

WORLD VIEW -

By SIR RONALD
SANDERS

(The writer is a Consultant
and former Caribbean
Diplomat)

THE European Commis-
sion (EC) will be holding a
symposium on April 22 and
23 on the year-old Econom-
ic Partnership Agreement
(EPA) between the Euro-
pean Union (EU) collec-
tively and 15 Caribbean
countries individually.

There is, as yet, no indi-
cation that Caribbean gov-
ernments or the Caribbean
Community (CARICOM)
Secretariat will be holding
a similar exercise.

It has to be assumed that
each of the governments
that signed the EPA has
long established units both
to implement its terms and
to monitor its effects on indi-
vidual economies.

Therefore, relevant
authorities in each of the
Caribbean states as well as
the Secretariat of the
Caribbean Community
(CARICOM) should be
able to provide a list of the

benefits that have been
secured from the EU under
the EPA. Our publics had
been told that we would
benefit not only from the
exports of new goods and
commodities to the EU but
also from the provision of a
wide range of services.
Additionally, Caribbean
companies would have the
right of establishment in the
EU.

Information

Against this background,
it should be fairly easy for
the competent authority in
each country to provide
information related to just
a few matters such as: what
preparations and actions
have been taken by
exporters of goods and espe-
cially services to access the
EU market; what are the

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investment plans by compa-
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market; and how easy or dif-
ficult are their plans look-
ing for access to Europe.

There is a very important
clause in the EPA which
allows for a review of it
within five years of its com-
ing into force. That clause
was hard fought for, and
came about only because
Guyana’s President Bharat
Jagdeo had the courage to
insist upon it even after oth-
er Caribbean governments
had agreed to sign the EPA
without such a review mech-
anism.

In defence of several
Caribbean heads of govern-
ment, it should be noted that
they were reluctant to sign
and many did so only after
their crucial exports of
bananas and sugar and some
manufactured goods (from
Trinidad and Tobago for
instance) were threatened
by the EC with a higher tar-
iff in the EU market.

But, if the EPA is to be
properly reviewed — and it
should be subject to such a
review on an annual basis —
it is essential to monitor its
implementation and to gath-
er information that will
inform an examination.

However, informed
sources in the region say
that some governments have



=





SIR RONALD SANDERS

done very little about imple-
mentation and others have
done nothing at all.

What is known for certain
is that even though
Caribbean countries and the
EU are supposed to be
“partners” under the EPA,
the EC has denounced the
Sugar Protocol causing
Caribbean countries to lose
their preferential price for
sugar; the EC has agreed a
new trade regime for
bananas with exports from
non African, Caribbean and
Pacific countries that will
decimate what is left of the
banana industry in the
Caribbean; and come June
20, the EC will renege on an
undertaking to the
Caribbean rum industry to
help finance restructuring
and marketing while at the
same time reducing tariffs
on competing rum from sev-
eral Latin American coun-
tries.

Not surprisingly several
Caribbean businesses have

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THE TRIBUNE

FROM page 10

lamented the benefits to
them of the EPA so far. For
example, Ramesh Dookooh,
President of the Guyana
Manufacturing and Services
Association, observes that
“Guyana earns much of its
revenue on traditional
exports, including rice and
sugar, both of which are not
covered by the EPA’s duty-
and quota-free.

“Thus, the private sector
in our country has its reser-
vations about the economic
opportunities available
under the EPA.”

Nonetheless, he is hope-
ful. He says:

“Wider consultation with
stakeholders and a stronger
focus on the developmental
dimension of the agree-
ments could make the EPAs
even more effective.”

Consultation

Unfortunately, there has
not been much evidence of
consultation. The experience
of sugar, rum and bananas
indicate that the EC now
takes the Caribbean for
granted. After all, they do
already have a signed full
EPA from the region, so
why concern themselves
overly about the Caribbean.

The EC also controls the
purse strings. They have
knotted those strings on the
purse of the 8th European
Development Fund (ED)
from which money for
restructuring and marketing
the rum industry should
have come, and its daunting
bureaucratic procedures halt
many Caribbean countries
in their tracks from getting
money to implement the
EPA under the 10th EDF.

An EU fund, managed by
the Caribbean Development
Bank (CDB), is reported to
be exhausted with no sign
of being replenished.

Undoubtedly, the global

MONDAY, APRIL 19, 2010, PAGE 11

What benefits for Caribbean?

“Not surprisingly several
Caribbean businesses have
lamented the benefits to
them of the EPA so far.”



financial crisis — as well as
the failures of regional
financial institutions — has
battered Caribbean govern-
ments. All CARICOM
countries have been preoc-
cupied with saving their
economies from shocks,
including worsening terms
of trade especially with the
EU - even Guyana though
it had 3.3 per cent growth in
2009.

But, Caribbean govern-
ments cannot afford to let
attention to the EPA with
the EU slip.

The European Commis-
sioner for Trade, Karel De
Gucht, recently told Ger-
man business people: “The
economic crisis has tem-
porarily halted the process
of globalisation.

“But let there be no mis-
take: this process is very
likely to pick up again with
renewed vigour. The EU
must put in place the condi-
tions to benefit from it to
the full.” He is looking toa
“successful conclusion” of
the global negotiations at
the World Trade Organisa-
tion (WTO) “to boost
Europe's GDP by around

45 billion Euros.”

Commissioner De Gucht
will measure a “successful
conclusion” very different-
ly from the Caribbean, but
the region should have its
own collective plan of action
and its own definition of suc-
cess on which it should col-
laborate with like-minded
countries.

Benefits

The implementation of
the EPA and the procuring
of benefits from it have not
been evident so far, and the
EC has not been helpful to
the Caribbean in the
process.

When Caribbean leaders
meet their EU counterparts
for a Conference on May
17th in Spain, they should
be fully briefed and pre-
pared to tell European lead-
ers of their dissatisfaction
and propose means of mak-
ing the EPA deliver on the
“partnership” it promised.

Responses and previous
commentaries:
www.sirronaldsanders.com

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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April, 2010

The BAHAMAS ASSOCIATION OF
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Celebrates
National Medical Laboratory Professionals Week,
in honor of the late, James Leon Mackey,
April 17 — 24th, 2010
LABORATORY PROFESSIONALS - GET RESULTS

Monday April 19th

Opening Ceremony @ the College of the Bahamas School of
Nursing and Allied Health: 11:00am

Special guest Speaker- Mr. Herbert Brown - PHA

THIS WILL BE A WEEK OF CUSTOMER APPRECIATION AT
ALL MEDICAL LABS IN THE BAHAMAS

Refreshments will be served.
Tuesday April 20th
school of Nursing & Allied Health Campus, Grosvenor Close
CEU seminar é:30 am -9:30 am by: Mrs. Nicola Miller -MT
CEU seminar at 5:10pm by: Dr. Altheus Allick, Topic:
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Wednesday April 21st
Annual General Meeting and Elections
5:10 pm @ Doctors Hospital conference room
Retreshments will be served
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School of Nursing & Allied Health Campus, Grosvenor Close
CEU seminar @t 5:10pm: By Dr. Ronald Patterson, Topic:

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Friday April 23rd_

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7pm @ the British Colonial Hilton Hotel

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OPEN ROUSE for Educators

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Addressing the
nation’s problems

By RICK LOWE

Dr Dexter Johnson's new
book, “Crisis in Paradise —
The Bahamas at the Start of
The Post-Tourism Era”,
offers his proposals to address
the country's problems, but
they are based on conspiracy
theories and predisposed to
bigger government.

Dr Johnson certainly turns
a few good phrases — like
referring to the tourism indus-
try as the "plantation", and
suggesting that successive
governments have used it to
control Bahamians.

He makes the point, repeat-
edly, that farming and fishing
are the ways to broaden our
economy from the twin pil-
lars of tourism and banking.

But over the years taxpay-
ers have built fish houses and
packing houses, while farm-
ers have received public sub-
sidies, all of little or no avail.

There may well be a crisis
in paradise, but it's more than
likely because of too much
politics and government, not a
lack thereof.

Can farming or fishing help
broaden the economy? Of
course.

Fishing is already the third
pillar, so farming could prob-
ably be the fourth. Should
they be subsidised with tax-
payer dollars? Absolutely not.

In any event, no amount of
sweet-talking by politicians or
grant money from the tax-
payers will make that happen.

Unless and until entrepre-
neurs decide they can make
money at it, there's little hope
of success.

In 2002, the Nassau Insti-
tute released a newspaper
supplement in response to the
labour laws that were being
implemented at the time, and
it started out by listing six
main components of the
"Jamaican Road to Prosperi-
ty".

The points were:

1. Government controls
economic decisions.

2. Politics overshadows
business and economic effi-
ciency in government deci-

ston



sions.

3. Government refuses to
take advice or consult.

4. Business costs rise in the
midst of economic downturn.

5. More red tape and gov-
ernment interference in busi-

ness.

6. Higher taxes and expand-
ing government bureaucracy

It went on:

Over the years this
approach has led Jamaica into
a spiralling cycle of corrup-
tion, poverty and violence;
with that country moving
from one crisis to another. In
almost every international
economic rating system,
Jamaica is sadly regarded as a
“basket-case.”

Seems like The Bahamas is
already travelling this road
doesn't it?

Dr. Johnson should be
applauded for making the
effort to write this book. It's a
good thing for people to pre-
sent their views to the public,
whether we agree or not, and
many Bahamians should be
able to agree with him on sev-
eral points.

Namely:

1. The country's debt is far
too high. Something must be
done immediately to amelio-
rate this. And not by higher
taxes or devaluation.

2. The education system is a
mess.

3. The continuing citizen-
ship dilemma of the many
stateless children here of
Haitian descent must be
resolved.

4. The Bahamas does not
need to join the Caribbean
Single Market and Economy.

5. Local government should
be implemented on New
Providence as soon as possi-
ble.

6. A third political party
might eventually bring posi-
tive changes.

7. Comprehensive health
care is a fiscal accident waiting
to happen.

THE TRIBUNE

8. An ombudsman might be
an interesting enhancement
to governance and help keep
government in check.

Dr Johnson points to the
government for the failure of
the Bahamian pineapple
industry, but I do not think
that is justified. The net result
was that we just could not
compete with the scale and
competitiveness of pineapple
producers in other markets.
But why a local market could
not remain in some shape or
form should be of interest to
every Bahamian.

If, as Dr. Johnson submits,
the PLP was involved in a
conspiracy to kill farming in
this country in the 1960's and
1970's, why has farming not
developed subsequently?
Surely the FNM and most
recent PLP government did
not have a policy to prevent
it? Could this point to a lack
of initiative?

In my view the country
does not need a larger tax
base using transaction and
income taxes, as Dr. Johnson
submits. More revenue will
no doubt cause more over
spending by the government.
The history of Parliament's
profligacy that he records so
thoroughly in the pages of his
book confirms this. The prob-
lem here is too much spend-
ing, not too little tax revenue.

He also suggests a conspir-
acy to dumb people down by
destroying the education sys-
tem and induce out islanders
to move to New Providence
to work as "slaves" in the
tourist "plantation." Surely
there has been a comparative
advantage for The Bahamas
over the years in the tourism
business? And without a
doubt, the hotel industry has
helped our economy and peo-
ple tremendously.

A grand conspiracy to bring
investors here for the purpose
of keeping Bahamians “in
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hard to grasp. There is no
chain forcing people to work
in the hotel industry. They

SEE page 14

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THE TRIBUNE

MONDAY, APRIL 19, 2010, PAGE 13








FROM page one

go to work, they discovered that the elder of
the two children was missing.

The mother thought the child was with the
father, and the father thought he had left the
child at home with the mother.

A search of the surrounding area was
started, but it wasn’t until a boy looked into
the car that they found the child locked
inside.

“All that time she was right behind him,
and he didn’t even know,” said the child’s
grandmother. “He only stopped home to get a
few things then left (walking) to go some-

OCAL NEWS

THE CAR was parked in this area when the girl ree found inside.





Toddler found dead

where else. Now my granddaughter is not here
—are they lucky? She could have been knocked
by a car!”

It is believed that she was missing from
about noon. She was discovered in the car at
about 4pm.

In reports of small children suffocating in
cars, evidence has shown that a child need
only be locked in a vehicle for a very short
period of time, especially when temperatures
are high, for the outcome to be fatal.

The toddler’s parents are assisting police
with their investigation into the matter.











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FROM page one

Police yesterday did not give
an update on her condition.

Police are also investigating
six other armed robberies.

On Friday, at around 10am,
an armed robbery was reported
at J J's Take-away on South
Beach Road.

Eyewitnesses told police that
two masked men, one wearing
a black shirt and camouflage
trousers, and both armed with
guns, entered the Take-away.
They demanded cash.

The suspects robbed the
eatery of an undisclosed sum
of money. They fled on foot
through nearby bushes, going
in a northerly direction.

Then on Friday night, at
around 10.17pm, police were
called to the scene of an armed
robbery in the Yamacraw area
where a man, out for a walk,
was held up at gunpoint.

The victim was walking on
Yamacraw Hill Road when a
jeep pulled up alongside him
and aman, armed with a shot-
gun, got out.

It is reported that the driver
of the jeep pulled off as the cul-
prit robbed the man of an unde-

Woman shot

termined amount of cash, jew-
ellery and a cell phone.

The robber then fled the
area on foot in a westerly direc-
tion.

On Saturday, at around
1.15am, police received infor-
mation of an armed robbery at
the parking lot of Hammer
Heads on East Bay Street.

A 27-year-old man was in
the parking lot of the bar when
he was approached by two men,
both armed with handguns.

The thugs robbed the man
of his cell phone and jewellery
and fled the area on foot in an
unknown direction.

Then, less than 20 minutes
later, at around 1.28am, police
received information of an
armed robbery at McCullough
Corner off East Street.

Reports to the police stated
that a man, on arrival at his res-
idence, was approached by
three men, one of whom was
armed with a handgun. The
men demanded cash.

The culprits robbed the man
of his jewellery, cell phone and
an undetermined amount of

cash.

Afterwards, they fled the
area on foot.

In the early hours of Sunday
morning, police were called to
two further armed robberies.

The first took place at
2.34am on Cowpen Road. A
man had just arrived home
when he was approached by
two men wearing hooded jack-
ets, one of whom was armed
with a handgun.

They robbed him of his jew-
ellery, his cell phone and cash.
The robbers then fled in a
southerly direction.

About two hours later, at
4.25am, police received infor-
mation of an armed robbery at
the Prince Charles Shopping
Centre on Prince Charles Drive
where two men were held up
at the ATM machine.

According to reports, they
were approached by two other
men wearing hooded jackets,
one of whom was armed with a
handgun.

It is reported that the cul-
prits robbed the men of money
and a white 2005 Honda
Accord. The robbers fled the
area in the stolen vehicle in an
unknown direction.



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PAGE 14, MONDAY, APRIL 19, 2010

COB strike announced

FROM page one

ly resolution towards an
industrial agreement for fac-
ulty, despite last minute
attempts by Labour Minister
Dion Foulkes and Minister of
Education Desmond Bannis-
ter to stave off a strike.

The pair was expected to
meet with UTEB at noon
today towards improving
negotiations, provided the
union did not carry out their
plans to strike.

The union’s president
acknowledged that UTEB
would still be willing to meet
with the ministers at their

Machinery & Energy

scheduled time, however they
would not renounce the
strike.

UTEB President Jennifer
Isaacs-Dotson announced:
“Our decision to withhold
labour was and is not made
lightly. It is the only lawful
strategy we have to compel
the College to negotiate in
good faith.”

Both sides continued
intense negotiations up until
Friday, the last day of classes,
but were unable to come to
an agreement or evidence of
“good faith” that could stop

the strike. It was suggested by
the union that the team con-
tinue negotiations over the
weekend but COB refused.
Responding to claims that
its deadline was contrived, the
union argued that COB had
the opportunity to suggest an
alternate deadline since the
initial strike vote was cast in
November. The union presi-
dent said that COB's failure
to do so throughout the entire
negotiation process is evi-
dence of its noncommittal
towards a timely resolution.
Mrs Isaacs-Dotson said:

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“UTEB members take their
rights and responsibilities very
seriously. We understand the
roles that each of us have in
this nation, through the thou-
sands of students we teach,
the research we conduct and
our service to the college and
the Bahamian society. We will
not make financial demands
to jeopardise its existence.
There is too much at stake!”

COB revealed last week
that a major hindrance to
negotiations was the union’s
financial package. It maintains
that the union’s demands
would “cripple” the college.
The financial package sub-
mitted by UTEB requested
an increase in salaries up to 19
per cent despite a decrease in
workload and productivity at
a time when the college is
anticipating even greater
funding cuts.

However, the union claims
that the only salary increase
they requested was a cost of



UTEB PRESIDENT
Jennifer Isaacs-Dotson

living adjustment, a less than
one per cent increase.

She continued: “We have
been very clear with the Col-

THE TRIBUNE

lege throughout the entire
negotiation process. We
expect fair wage and support
for our work, full medical cov-
erage and cost of living adjust-
ments built into our salaries.”

Public support of either side
has worn thin due to the con-
sequences of the dispute for
students.

Without lecturers, final
grading, and ultimately tran-
scripts will be compromised.
Community leaders such as
Bishop Simeon Hall, senior
pastor at New Covenant Bap-
tist Church, and the college's
own student union have urged
the parties to “get together”
and seek a timely resolution.

Mrs Isaacs-Dotson main-
tained: “UTEB, the union
that represents all faculty,
simply wants to have a signed
and registered Industrial
Agreement. We wish a realis-
tic deadline for the comple-
tion of these protracted and
costly negotiations.”

Former radio talk show host

FROM page one

Montagu the best possible
future.

This will involve donating
his $28,000 annual parlia-
mentary salary towards the
education of local young-
sters, and supplementing
that with the $100,000 annu-
al budget allocation for the
constituency to send a selec-
tion of LW Young Junior
High School students to the
Florida Power and Light
Company where they can be
trained in solar energy sys-
tems and return with the
ability to install solar panels
at homes and businesses to
help reduce the country’s $1
billion fuel bill of 2009.

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the sidewalks if I can train
20 people in solar systems,”
Mr Weatherford said.

“They can make millions
of dollars switching home
by home, and getting rid of
people’s light bill and mak-
ing everybody rich.”

But the number one issue
for Mr Weatherford is
reducing the traffic conges-
tion in Montagu as it affects
those who live and work in
six constituencies east of his
own constituency.

The Village Road resi-
dent is not, however, sup-
portive of the plan for Mon-
tagu Foreshore developed
by a steering committee and
currently under government
review as he said it did not
involve everyone in the con-
stituency, and employed the
expertise of people from
outside of Montagu instead
of local architects who
could be used to design a
proper facility for fish mar-
ket vendors, public toilets,
and a ramp capable of
launching six to ten boats
at a time.

When he moves on to
address crime, Mr Weath-
erford, owner of Sure
Alarms, said he would
install alarm systems at
every home in Montagu for
free to drive burglars out of
the area.

And he will remain con-
nected to his constituents
by launching the world’s

first virtual constituency
office online, the aspiring
MP said.

His motivation to repre-
sent the community stems
from a genuine desire to
improve the area and the
lives of local people outside
of the governing Free
National Movement (FNM)
and opposition Progressive
Liberal Party (PLP).

“T really don’t care about
those two parties,” Mr
Weatherford said, as he
pointed out how the lead-
ers of both parties were
once Independent.

“Being Independent lets
you move towards the right
man, or woman, not the
party.

“There are a select few
Bahamians who are seeking
public office, which is
indeed a matter of trust;
however, there seems to be
an attitude among some
who are elected to office,
that they are above account-
ability, and that they should
be in office on the merit of
their parents’ or grandpar-
ents’ legacy, or some other
social promotion scheme.

“Therefore as an Inde-
pendent candidate I offer to
serve the needs of the peo-
ple of Montagu with my cre-
ativity, talents, passion and
character which enable me
to speak and serve on
behalf of the Bahamian
people.”

Addressing problems

FROM page 12

can start a farm or go fishing can't they?
Is there really a conspiracy afoot in education as Dr. Johnson

submits as well?

Did government screw up the education system? For sure.
But again, it is difficult to believe that this was deliberate.

Dr. Johnson cites some constitutional changes that might
or might not fix the problems he describes, but the largest
leap is to create a republic. On the surface, a system more like
the United States may be enticing, but what is it about us that
our present constitutional framework cannot work?

He also spends a lot of time with his personal concern that
our judicial system may have little choice but to allow same sex
marriage, and he is convinced that this would be a terrible
thing.

But it's not like homosexuality has suddenly appeared in
our community. It's a fact of nature that people must get used
to. Do these life partners deserve some formal way to create a
union, if you will, should they so desire? Do homosexuals face
similar problems to those faced by the many stateless children
he refers to?

Treating either group as being less than human is not good
public policy. And why should government be involved in the
marriage process anyway?

The final question that he seems to go to great lengths with
is the Quieting of Titles Act. He complains that Bahamians who
lived on generation property at the time of Independence
should have been granted proper title to their land.

While title to land helps with prosperity, as Hernando de Soto
pointed out in his treatise The Mystery of Capital, the accusa-
tion that a system designed to help sort out generation property
issues was actually a conspiracy to steal land just does not fit!

Some dishonest people may have manipulated the system
over the years, but that seems easy enough to rectify.

Rather than identifying vast conspiracies, Dr. Johnson is
pointing out some inherent weaknesses and flaws that we have
grown into after relying on government to fix all our problems
for us.

Maybe those people that believe farming is the answer should
start a few farms?

Perhaps those people living on generation land should use the
Quieting Titles Act to get their title?

Dr. Johnson should be commended for his effort, but it is dif-
ficult to accept his argument that so many of the country's
problems are the result of a grand conspiracy.

Maybe it's wishful thinking, but in my view his proposed
solutions should not rely so heavily on the government. Dr
Johnson seems to be suggesting that the actions of govern-
ments over the years have created our "crisis" in the first place.
To offer up more of the same to solve the country's problems
is unfortunate.

Bahamians are not stupid. Maybe we are just lacking initia-
tive. But The Bahamas did not become the envy of the
Caribbean by relying on grand conspiracy theories. The real
question is, how can the country best go about promoting eco-
nomic growth and wealth creation?

Economic freedom is the answer, not more words on a new
constitution, or more tired government intervention.

Bahamians must come to the conclusion that individual
effort, not political manipulation, is the answer to our troubles.

e Rick Lowe is the vice-president and treasurer of the Nassau
Institute.

TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM
THE TRIBUNE PAGE 16

spor

MONDAY, APRIL 19,

MINISTER of Youth, Sports and Cul-
ture Charles Maynard introduces the
new Assistant Director for Sports in
Grand Bahama, Steve Burrows, to the
media. Pictured from left: Mr Burrows;
Mr Maynard; Archie Nairn, Permanent
Secretary in the Ministry of Youth,
Sports and Culture and Don Cornish,
Administrator for the City of Freeport.

PAGE 18 « New Assistant Director of Sports



ts

2010



JUNIOR FED CUP: NORTH/CENTRAL AMERICA & CARIBBEAN PRE-QUALIFYING EVENT










Simon Lewis/BIS Photo




Dallamas Victorious — again!

By BRENT STUBBS
Senior Sports Reporter
bstubbs@tribunemedia.net

Both teams were coached by
Sidney Pratt from Grand
Bahama.

The team of Chelsi Russell,
Simone Pratt and Danielle

Under Stress?

FOR the second consecutive

Exhausted and Losing
concentration?

year, the Bahamas has won the
North/Central America &
Caribbean pre-qualifying event
for the Junior Fed Cup.

However, the boys were not
successful in the Junior Davis
Cup as the week-long event
came to a close on Saturday in
El Salvador.

Thompson topped the field of
12 teams with a 2-1 victory over
host El Salvador in the cham-
pionship game.

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Bahamas to once again go on to
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against Canada, Mexico and the
United States.

Bahamas Lawn Tennis Asso-
ciation’s president Steve Turn-
quest was simply thrilled by the
performance of the team.

“It is great. At least we have
defended the title from last year
when we moved on as well,”
Turnquest said. “I was cau-
tiously expecting it, but you
don’t want to be disappointed.

SEE page 11



BASKETBALL
NPBA PLAYOFFS

THE Real Deal Shock-
ers continue to stun the
defending champions elec-
tro Telecom Cybots in
their New Providence Bas-
ketball Association’s play-
off series.

On Saturday night at the
Kendal Isaacs Gym,nasi-
um, the Shockers took a 2-
1 lead in the best-of-five
series with a 122-113 victo-
ry, the highest scoring
game so far.

Carvin Cummings led
seven players in double fig-
ures with 23 points, while
Demetrius Ferguson had
19, Corey Williams and
Barry Carter both had 17,
Sidney Hillary and Emeka
Watson both with 16 and
Amon Baker chipped in
with 11.

Brian ‘Tucker’ Bain had
a game high 35 in the loss.
Nelson ‘Mandella’ Joseph
scored 19, Billy ‘the Kid’
Sands had 18, Chauncey
Cooper 11 and Doyle Hud-
son added 10.

In the other half of the
series, last year’s runners-
up Commonwealth Bank
Giants took a 2-1 lead over
the Police Crimestoppers
with an 87-72 triumph.

Mark Hanna came up
with 18, Raif Ferguson 14,
Jeremy Hutchinson 12,
Dencil Edgecombe 11 and
Michael ‘Fernley’ Bain 10
in the win.

Vernon Stubbs scored a
game high 23 in the loss.
Freddie Lightbourne had
12 and Valentino Richard-
son contributed 11.

Both four in both series
will be played tonight,
starting at 7 p.m. If neces-
sary, the fifth and deciding
games will be played on
Wednesday, or the best-of-
five championship series
will get underway.

SOFTBALL
GSSSA ACTION

THE Government Sec-
ondary Schools Sports
Association will continue
their softball regular sea-
son action today at the
Baillou Hills Sporting com-
plex at 4 p.m.

Games will b played in
the junior boys and girls as
well as the senior boys and
girs divisions.

VOLLEYBALL
BAISS ACTION

THE Bahamas Associa-
tion of Independent Sec-
ondary Schools will start its
volleyball regular season
today at the St.
Augustine’s College courts
starting at 4 p.m.

Games will be played in
the senior boys and girls as
well as the junior boys divi-
sions. The junior girls will
get started at a later date.

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


TRIBUNE SPORTS

MONDAY, APRIL 19, 2010, PAGE 17



Canadian team wins Star Class Western Hemisphere Championships

LDCS EU STN (aE SY Gat) by ZNH

MICSTMU (Ra Hee RUITUIILS
ST Tey Com TH

THE Baptist Sports Council's 2010 Kendal Rolle Basketball
Classic's postseason got underway on Saturday at the Baillou
Hills Sporting Complex with Cousin McPhee continuing their
impressive run in the 19-and-under division as they became the first
team to advance to the championship.

In their best-of-three playoffs, the pennant winning Cousin
McPhee, coached by Kevin 'Island' McPhee, swept aside fourth
place Latter-Day Saints in two straight games, 35-31 and 52-50, to
secure their berth in the final against the winner of the other half
of the playoffs between Temple Christian and Mt. Tabor.

Third place Mt. Tabor needed overtime to pull off a 59-56 vic-
tory in game one. But second place Temple Fellowship rallied
back in game two for a 32-23 decision to force a third and deciding
game on Saturday at noon.

On the men's side, the president's pennant winning Christian
Tabernacle swept Golden Gates 41-30 and 35-21 to advance to their
divisional final. But they will have to wait until Tuesday night to
determine who their opponents will be as Church of the Nazarene
and Temple Fellowship will have to play a third and deciding
game for the other spot.

And in the men's vice president division, pennant winning
Macedonia Baptist won 27-18 and 51-47 over BIBA to clinch
their berth in the divisional final. They will play third place
Bahamas Harvest, who upset second place Evangelistic Center in
two games, 37-29 and 36-25 in the other half of the series.

Also on Saturday, Macedonia took the upper hand over Chris-
tian Tabernacle 42-35 in one half of the 19-and-under Bottom
Bowl playoffs. The other half saw Golden Gates win their opener
over St. John's by default. Game two in both series will be played
on Saturday to determine who will advance to the final.
¢ Here's a summary of the games played:

Cousin McPhee 35, Latter-Day 31: Trevor Smith scored 12 points
and Nakario Andrews had six as Cousin McPhee took game one of
their 19-and-under series. Lloyd Bailey had a game high 16 in the
loss.

Cousin McPhee 52, Latter-Day 50: Leonardo Demeritte had 19 and
Jason Cambridge 10 as Cousin McPhee clinched the series. Ken-
neth Pratt had 19 in the loss.

Mt. Tabor 59, Temple Fellowship 56: Patrico Leadon had a game
high 41 and Daniel Lewis had five as Mt. Tabor took the 19-and-
under opener. Marvin Albury and DeShawn White both had 13 in
the loss.

Temple Fellowship 32, Mt. Tabor 23: Gabbie Laurant scored a
game high 15 and Kemico Sands had six in Temple's 19-and-under
win. Cressward Cox had six in the loss.

Macedonia 42, Christian Tabernacle 35: Patrick Brice scored 12 and
Karon Pratt had eight as Macedonia took the upper-hand in their
19-and-under Bottom Bowl. Leonardo Collie had 10 in the loss.
Christian Tabernacle 41, Golden Gates 30: Lavardo Bowleg scored
eight and Donny Johnson six as Christian Tabernacle men won
their opener. Lester Simmons had seven in the loss.

Christian Tabernacle 41, Golden Gates 30: Travis Roker had nine
and Shawn Ferguson six as Christian Tabernacle men completed
their sweep.

Bahamas Harvest 37, Evangelistic Center 29; Imara Thompson
scored 14 and Shawn Smith six as Bahamas Harvest men won
their opener. Randy Ferguson had eight in the loss.

Bahamas Harvest 36, Evangelistic Center 25: Audie Kerr and
Jacob Stubbs both had five and Shawn Smith four as Bahamas Har-
vest completed their sweep. Chris Sands had four in the loss.
Macedonia 27, BIBA 19: Valentino Simmons scored eight and
Craig Buchanan had six as Macedonia men opened their series on
a winning note. Joseph Jackson had nine in a losing effort.
Macedonia 51, BIBA 47: Renardo Baillou scored a game high 17
and Craig Buchanan had 11 as Macedonia men clinched their
series. Joseph Jackson had 14 in the loss.

Temple Fellowship 31, Church of the Nazarene 30; Gabbie Laurent
had eight and both Cruz Simon and Jason Cooper had four in the
win for Temple men's opener. Perry Lubin had a game high 16 in
the loss.

Church of the Nazarene 43, Temple Fellowship 38: Perry Lubin
scored a game high 18 and Evins Milford had 15 in the win to even
their series. Kevin Burrows had 12 in the loss.

This week's schedule

Tuesday night

7 p.m. Church of the Nazarene vs Temple Fellowship (M).
Saturday's schedule

Court One

10 am Macedonia vs Christian Tabernacle (15).

11 am St. John's vs Golden Gates (19).

Noon Macedonia vs Bahamas Harvest (M).

1 pm Latter-Day vs Temple Fellowship (15)

2pm Game three of 19-and-under, if necessary or Men's game two.
3 pm. Game three of 15-and-under or men's playoffs.

Court Two

10 a.m. Temple Fellowship vs Latter-Day (15).

11 a.m. Christian Tabernacle vs Macedonia (19).

Noon Mt. Tabor vs Temple Fellowship (19).

1 p.m. Christian Tabernacle vs winner Temple Fellowship/Church
of the Nazarene (M).

2 p.m. Macedonia vs Christian Tabernacle (15).

3 p.m. Game three in any series, if necessary.

Bahamas victorious for second consecutive year
FROM page 16

“T knew that we had a very strong team. Simone is a very strong
player. You could more or less expect her to pull through all of hr
matches. All we needed to do was to get the doubles wins and a few
singles matches and we knew we could pull through.”

With the team seeded number two behind El Salvador, Turn-
quest said he was confident that they had an excellent chance to
repeat as champions.

They did it in the final against El Salvador with Pratt winning her
singles match 6-4, 4-6, 7-5 over Rosalinda Calderon after Russell
lost 5-7, 5-7 in her singles to Paola Artiga.

Pratt and Russell went on to secure the title with their 64, 64 tri-
umph in doubles over Artiga and Ledis Molina.

Along the way, the Bahamas knocked off Costa Rica 2-1 and
blanked Jamaica, Barbados and Panama 3-0.

Pratt, the top seeded player on the team who will be joining the
youthful Ladies’ Fed Cup team in Equador this week, went unde-
feated as she didn’t lose a set in any of her other games.

Russell and Thompson played in the other singles and com-
bined with Pratt in doubles.

As for the boys’ team in the Jr Davis Cup play, the combo of
Hubert Russell, Kevin Major and Ondre Cargill finished in fifth
place in the final standings.

They closed out play on Saturday with a 2-1 decision over El Sal-
vador, the sixth place finishers. In that match, russell lost his singls
6-5, 1-6, 1-6 to Alberto Alvardo, but Major pulled off a 6-1, 6-2 win
over Rafael Orantes. Cargill and Major won the doubles 6-2, 6-1
over Alvarado and Alejandro Gonzalez.

The Bahamas blanked Honduras 3-0, but lost to the Netherlands
Antilles and Costa Rica 2-1. The Bahamas won 2-1 ove Jamaica
and also whitewashed Puerto Rico 3-0 in their two other games.

“The boys did well, but unusally it’s kind of rough for them,”
Turnquest said.

In addition to the Jr. Fed Cup going to the regional finals, the
World Youth boys tam will also play in the regional final against
Canada, Mexico and the United States in Boca Raton from April
28-29.

Philip Major, Treaj Ferguson and Justin Roberts will make up
the latter team that will be coached by Bradley Bain.

“They had a very good showing down in Trinidad,” Turnquest
recalled. “It was great. Philip really took the team through. He went
undefeated and they had some doubles win as well. They did a mag-
nificent job.”

The Fed Cup, coached by Paula Whitfield, is already headed to
Equador and will be comprised of Simone Pratt, Kerrie Cartwright
and Gabrielle Moxey.

“It’s a young team, but we expect them to represent the Bahamas
very well,” Turnquest projected. “Kerrie is the senior member of
the team. We expect them to do very well.”



Canadian duo Richard Clarke and Tyler
Bjorn had a 5th and 6th place finish on the
final day of the Star Class Western Hemi-
sphere Championships held in Nassau last
week, but their top finishes on days one
and two were enough to hold on and clinch
the title.

Sharp changes in weather conditions over
three days of sailing meant all teams had to
sail outside of their comfort zone for at
least some of the races.

“The weather wasn’t kind to us at the
beginning of the week, giving very windy
conditions on Wednesday that forced us
to postpone sailing for the day.

“Thursday was still blowing pretty hard,
but nonetheless we went out and got two
good races in.

“Again, racing Friday wind was still
blowing hard but on Saturday we had the
kind of conditions that are more usual for
this time of year,” explained Regatta Co-
Chairman Paul Hutton.

Top Skipper Richard Clarke says that
had the weather conditions played out dif-
ferently over the course of the series, he
might not have finished up in first place.

“It was definitely more of a struggle for
us on the last day. I think that when it’s
windier the guys who are stronger in the



== 3
THE SEAS were much calmer on the final day
of sailing in the Championships.

breeze have a bit of an advantage, but then
the weather acts as a bit of a neutralizer.

“Everyone can be competitive and Sat-
urday was quite tricky for us with the big
wind shifts, and it allowed for some passing
and shuffling in the fleet and some guys
who hadn’t had good results had an oppor-
tunity to shine at the front,” said top skip-
per Michael Clarke.

Two American teams - Augie Diaz and
crew Bruno Prada and Mark Mendelblatt
with crew John von Schwarz finished sec-
ond and third respectively.

Bahamian brothers Mark and William





THE ATLANTIS RESORT is the ideal back-
drop for international sailing in Montagu Bay.

Holowesko had consistent finishes over the
course of the series to end up in 16th place
overall. Twenty-eight pairs competed in
the series, but a few teams opted out on the
first day of sailing in rough conditions.
The Nassau Yacht Club hosted the race
which was sponsored by the Nassau branch
of private banking firm Lombard Odier
Darier Hentsch. The week went so well
that already Hutton says the Star class is
talking about coming back to Nassau again
soon.
Wi(Photos: Ash Henderson
/TheBahamasWeekly.com)

Cumberbatch enjoys great
start in collegiate debut

By BRENT STUBBS
Senior Sports Reporter
bstubbs@tribunemedia.net

MICHELLE Cumberbatch
got off to a great start in her
collegiate debut in her special-
ity in the women’s 400 metres
hurdles.

Competing at the Kansas
Relays at the Memorial Stadi-
um at the University of Kansas,
the St. Augustine’s College
graduate won the final of the
race in 59.17 seconds, just
ahead of Taissa Makhamayva
in 59.24.

Makhamayva, a fresman
from Kansas, had the fastest
qualifying time of 1:00.12, fol-
lowed by Cumberbatch, a fresh-
man at Lincoln University, in
1:00.52.

Cumberbatch’s Lincoln
team-mate Tia Rolle compet-
ed in the women’s 100 metres.
Rolle, a junior, was fifth in the
final in 12.20. The winning time
was 11.68 by Semoy Hackett.

Rolle had the eighth fastest
qualifying time of 12.12.

She also ran the anchor leg
on Lincoln’s 4 x 100 relay in
the invitational race in 45.62.

In other events from the
meet, Olympian Ramon Miller
dropped down to the 200 where
he was second in the final in
21.41. The winning time was
21.18 by Terrel Cotton.

Sean Pickstock, represent-
ing Dickinson State, contested
the men’s 400 where he was
second in the final in 47.04.
Kyle clemons won the race in

46.94. Pickstock had the sixth
fastest qualifying time in 48.13.

In the 4 x 400 relay, Pick-
stock anchored Dickinson
State’s team to a fifth place fin-
ish in 3:16.03. Iowa Central
Community College won in
3:12.45.

Two other members of
Dickinson State also compet-
ed at the meet.

In the qualifying round of
the men’s 100, Jamal Forbes

S10 ORO CRIS

had the sixth fastest qualifying
time of 10.77, while Michael
Sands Jr finished 27th in 11.17.
Forbes, a junior, went on to
place fifth in 10.66. Kawayne
Fisher won the race in 10.50.
Meanwhile at the Texas vs
Arkansas Dual Meet at the
Mike A. Myers Stadium in
Austin, Texas, Jamal Wilson
represented the University of
Texas in the men’s high jump.
He cleared 2.16 metres or 7-

feet, one-inch for second place.
Brede Ellingsen of Arkansas
won the event with 2.19m or 7-
21/4. At the Michael Johnson
Classic at the Hart/Patterson
Track and Field Complex at
Baylor University in Waco,
Texas, Jameson Strachan post-
ed a seventh place in the men’s
400 in 48.46 for Texas Pan-
America. The winning time was
46.55 by Troy Faulkner of
South Plains.

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MINISTRY OF WORKS & TRANSPORT as
NOTICE
CORRIDOR 13A

ROBINSON ROAD
Mollie Street & Claridge Road
TEMPORARY LANE CLOSURE & DIVERSIONS
Phase 1

JOSE CARTELLONE CONSTRUCCIONES CIVILES S.A would like to inform the motoring public that a section of Robinson
Road will be temporarily closed for approximately six (6) weeks. Milling of existing pavement, Installation of new drainage
facilities, utilities, asphalt pavement, street lighting, sidewalks, traffic signs and road markings will constructed in this phase.
During construction we kindly ask that motorist travelling in the following directions, divert to the specified routes and follow

the signs posted "Diversion":

Co

*Motorist travelling eastbound should divert through Mollie Street, make a right onto Balfour Avenue and follow the signs
posted 'DIVERSION" through Claridge Road and onto Robinson Road.

* Motorists travelling westbound should continue on the one way traffic scheme in place.

Proper signage will be erected delineating the work zone. Detours will be clearly marked to allow the safe passage for pedestrians
& motorist. Motorist should also avoid this area during peak hours when possible and seek an alternative route to their destination.

Your patience throughout this project is greatly appreciated and we do apologize for the inconvenience & delays caused.

For further information please contact :

Jose Cartellone Construcciones Civiles S.A
Office Hours: Mon-Fri 8:00 am to 6:00 pm
Office:(242)322-8341/322-2610

Email: bahamasneighbor@cartellone.com.ar

The Project Execution Unit

Ministry

of Works & Transport

Hotline: (242) 302-9700
Email: publicworks@bahamas.gov.bs



TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM
PAGE 18, MONDAY, APRIL 19, 2010

TRIBUNE SPORTS



Striders Track Club hosts

Age Group Track Classic

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THE Striders Track Club
hosted its Age Group Track
Classic on Saturday at the
Thomas A. Robinson Track
and Field Stadium.

¢ The following results were
posted from the meet:

Girls Under 7

80 Meter Dash - 1, Miller,
Shaunece, Sts. Francis & Joseph,
14.94 ; 2, Nixon, Johneisha, Sts.
Francis & Joseph, 15.11; 3, Moss,
Tamia, Striders, 15.23.

150 Meter Dash - 1, Miller,
Shaunece, Sts. Francis & Joseph,
26.50; 2, Moss, Tamia, Striders,
28.44; 3, Nixon, Johneisha, Sts.
Francis & Joseph, 29.73.

Boys Under-7

80 Meter Dash - 1, Smith,
Matthew, Gerald Cash School,
14.42: 2, Bain, Shimar, Sts. Francis
& Joseph, 14.44; 3, Williams, Mal-
colm, Roadrunners, 14.74.

150 Meter Dash - 1, Smith,
Matthew, Gerald Cash School,
25.34; 2, Williams, Malcolm, Road-
runners, 26.03; 3, MACKEY, Latre-
co, St. Bede's School, 27.00.
Girls Under-9
80 Meter Dash - 1, White, Makay-
la, Club Monica, 12.71; 2, Sey-
mour, Jade, Striders, 13.07; 3,
Sands, Tyrese, St. Bede's School,
13.11.

100 Meter Dash - 1, White,
Makayla, Club Monica, 15.96; 2,
Baptiste, Karolyn, Striders, 16.23;3,
Seymour, Jade, Striders, 16.34.
4x100 Meter - 1, Sts. Francis &
Joseph School, 1:09.86; 2, Strid-
ers, 1:10.04; 3, Club Monica,
1:12.51.

Long Jump - 1, Capron, Marissa,
Striders, 2.43m; 2, Bethel, Raven,
Striders, 2.41m; 3, Lightbourne,
Asia, Club Monica, 2.39m.
Softball throw - 1, Strachan, Aisja,
Striders, 18.23m; 2, Dorsett, Dia-
mond, Club Monica, 12.48m; 3
430 Johnson, Carlyia, Striders,

.69m

Boys Under-9
80 Meter Dash - 1, Moss, Nathan,
Striders, 11.96; 2, Freemantle, Jor-
den, St. Bede's School, 12.24; 3,
Ferguson, Gary, Striders, 12.32.

100 Meter Dash - 1, Moss,
Nathan, Striders, 13.14; 2, Newry,
Conrad, Striders, 13.54; 3, Free-
mantle, Jorden, St. Bede's School,
13.64.
4x100 Meter Relay - 1, Striders,
1:08.04; 2, Sts. Francis & Joseph
School, 1:08.08; 3, Sts. Francis &
Joseph School, 1:16.36.

Long Jump - 1, Moss, Nathan,
Striders, 3.32m; 2, Ferguson, Sean,
Sunblazers, 3.09m; 3, Butler, Jer-
ry Chri, Sunblazers, 3.00m.
Softball throw - 1, Johnson, Cory,
T. Bird Flyers, 26.26m; 2, Humes,
Kyle, Sunblazers, 18.92m.

Girls Under-11

100 Meter Dash - 1, Fountain,



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Britni, Striders, 12.61; 2, Carter,
Kayneshia, Spirit OF Excellence,
12.91: 3 516 Miller, Tanae, Sts.
Francis & Joseph, 13.26.

200 Meter Dash - 1, Fountain,
Britni, Striders, 29.80; 2, Collie,
Angel, Spirit OF Excellence, 30.08;
3, White, Marissa, Club Monica,
0.22

300 Meter Dash - 1, Rodgers,
Danielle, Striders, 49.60; 2, Miller,
Tanae, Sts. Francis & Joseph,
51.52; 3, Demeritte, Valicia, Sts.
Francis & Joseph, 54.04.

4x100 Meter Relay - 1 Striders,
1:01.83; 2 Sts. Francis & Joseph
School, 1:02.41; 3, Club Monica,
1:05.03.

Long Jump - 1, Ingraham, Kende-
sha, Sunblazers, 3.90m; 2, Foun-
tain, Britni, Striders, 3.80m; 3, Wil-
son, Gem, Striders, 3.31m.
Softball throw - 1, Rodgers,
Danielle, Striders, 30.43m; 2, Pin-
der, Alana, Striders, 25.14m; 3,
Sands, Gayneil, Striders, 24.84m.
Boys Under-11
100 Meter Dash - 1, Cooper,
Antoine, Sunblazers, 13.83; 2,
Johnson, Christoph, Striders,
14.03; 3, Deveaux, Trent, Spirit Of
Excellence, 14.07.

200 Meter Dash - 1, Johnson,
Christoph, Striders, 28.65; 2,
Cooper, Antoine, Sunblazers,
28.72; 3, Deveaux, Trent, Spirit Of
Excellence, 28.80.

300 Meter Dash - 1, Adderley,
Michael, Roadrunners, 48.94; 2
395 Darling, Blaize, St. Bede's
School, 49.23; 3, Arthur, Godfrey,
Striders 50.26.
4x100 Meter Relay - 1 Striders,
58.86; 2 Sunblazers, 59.10; 3, Sts.
Francis & Joseph School, 1:01.02.
Long Jump - 1, Johnson, Christo-
pher, Striders, 3.98m; 2, Knowles,
Ashton, Alliance Athletics, 3.88m;
3, Miller, Shaun, Sts. Francis &
Joseph, 3.77m.

Softball throw - 1, Murray,
Bertram, Striders, 49.20m; 2,
Deveaux, Trent 10 Spirit Of
Excellence, 43.13m; 3, Arthur,
Godfrey, Striders, 38.08m.

Girls Under-13
100 Meter Dash - 1, Butler, Asia,
Sunblazers, 12.85; 2 423 Fergu-
son, Andira, Striders, 13.22; 3,
Dorsett, Taj, Star Trackers, 13.57.

200 Meter Dash - 1, Rolle,
Dreshanae, Sunblazers, 26.82; 2,
Dorsett, Taj, Star Trackers, 27.94;
3, Pierre, Juliette, Gerald Cash
School, 28.33.

400 Meter Dash - 1, Williams,
Charmell, Spirit Of Excellence,
1:07.61, 2, Pierre, Juliette, Gerald
Cash School, 1:09.59; 3, Taylor,
Charisma, Club Monica, 1:10.04.
4x100 Meter Relay - 1, Sunblaz-
ers, 56.99; 2, Spirit Of Excellence,
57.73; 3 Striders, 58.39.

High Jump - 1, Ferguson, Andira,
Striders, 1.40m; 2, Dorsett, Taj,
Star Trackers, 1.35m; 3, Moss,
Daejah, Striders, 1.19m.

Shot put - 1, Hanna, Tiffany, Strid-
ers, 7.22m; 2, Butler, Asia, Sun-
blazers, 5.78m; 3, Neilly,
Antonique, Sts. Francis & Joseph,
4.60m.

Softball throw - 1, Moss,
Mechelle, Club Monica, 29.08m;
2, Polhamus, Julisa, Roadrunners,
26.12m; 3, Symonette, Patria, Sun-
blazers, 26.00m.

Boys Under-13

100 Meter Dash - 1, Rolle,
Jameko, Club Monica, 13.15; 2,
Gibson, Dustin, Ambassadors,
13.53; 3, Rolle, Anthony, Striders,
13.55.

200 Meter Dash - 1, Rolle,
Jameko, Club Monica, 27.21; 2,
Rolle, Branson, Unattached, 27.54;
3, Gibson, Dustin, Ambassadors,
28.18.

400 Meter Dash - 1, Rolle, Bran-
son, Unattached, 1:03.65; 2,
Sweeting, Kenneth, Club Monica,
1:03.92; 3, Clarke, Bryan, Sun-
blazers, 1:04.32.
4x100 Meter Relay - 1, Striders,
55.74; 2, Club Monica, 56.58; 3,
Spirit Of Excellence, 56.63.

Boys High Jump - 1, Sweeting,
Kenneth, Club Monica, 1.14m; 2
266 Rolle, Jameko, Club Monica,
1.09m; 3, Rolle, Branson, Unat-
tached, J1.09m.

Shot Put - 1, Grant, Adrian, Club
Monica, 9.74m; 2, Wallace, Can-

ron, Unattached, 6.63m.

Softball throw - 1, Adderley,
Kyle, Alliance Athletics, 50.19m;
2, Clarke, Bryan, Sunblazers,
49.24m; 3, Nottage, Julius, Strid-
ers, 48.72m.

Girls 100 Under-15

100 Meter Dash - 1, White,
Makeya, Club Monica, 12.84; 2,
Miller, Faythe, Roadrunners,
13.02; 3, Ambrose, Jenae, Club
Monica, 13.03.

200 Meter Dash - 1, White,
Makeya, Club Monica, 26.45; 2,
Ambrose, Jenae, Club Monica,
27.03; 3, Shaw, Gabrielle, Club
Monica, 27.18.

400 Meter Dash - 1, Darville,
Eyeiessa, Sunblazers, 59.59; 2,
Thompson, Talia, Striders,
1:01.09; 3, Taylor, lesha, Strid-
ers, 1:03.38.

4x100 Meter Relay - 1, Club
Monica, 53.25; 2, Striders,
54.15; 3, Striders, 55.61.

High Jump - 1, Thompson, Talia,
Striders, 1.46m; 2 455 Sands,
Bria, Striders, 1.40m; 3, Miller,
Chantiyah, Alliance Athletics,
1.34m.

Long Jump - 1, Williams, Jeor-
jett, Striders, 3.85m; 2, Johnson,
Erin, Striders, 3.81m ; 3, Capron,
Tiana, Striders, 3.55m.

Shot Put - 1, Wood, Brashae,
Club Monica, 9.92m; 2, Fergu-
son, Brendia; Club Monica,
8.75m,; 3, Thompson, Talia,
Striders, 8.00m.

Javelin Throw - 1, Wood,
Brashae, Club Monica, 19.25m;
2, Ferguson, Brendia, Club Moni-
ca, 15.46m.

Boys Under-15

100 Meter Dash - 1, Kerr, lan,
Club Monica, 11.92; 2, Foster,
Philmore, Striders, 12.17; 3, Cor-
nish, Christov, Spirit Of Excel-
lence, 12.21.

200 Meter Dash - 1, Charlton,
D’mitry, Spirit Of Excellence,
24.28; 2, Kerr, lan, Club Monica,
24.84; 3, Burrows, Tyrone, Spirit
Of Excellence, 25.10.

400 Meter Dash - 1, Charlton,
D’mitry, Spirit Of Excellence,
52.65; 2, Cokley, Xavier, Unat-
tached, 54.17; 3, Pratt, Travis,
Club Monica, 57.57.

4x100 Meter Relay - 1 Spirit Of
Excellence, 48.15; 2, Club Moni-
ca, 49.85; 3, Striders, 50.62.

High Jump - 1, Coakley, Xavier,
Unattached, 1.70m; 2, Burrows,
Tyrone, Spirit Of Excellence,
J1.70m; 3, Armstrong, Tyler,
Striders, 1.52m.

Long Jump - 1, Cokley, Xavier,
Unattached, 5.52m; 2, Wilson,
Timothy, Striders, 4.84m; 3, Bur-
rows, Tyrone, Spirit Of Excel-
lence, 4.78m.

Shot Put - 1, Maycock, Drexel,
Unattached, 12.52m; 2, Charlton,
D’mitry, Spirit Of Excellence,
12.15m; 3, Culmer, Kaiwan,
Bahamas Speed DY, 9.60m.
Javelin Throw - 1, Rolle, Lenroy,
Silver Lightning, 22.18m; 2,
Francis, Malik, Roadrunners,
20.32m; 3, Simmons, Kyle,
Roadrunners, 20.24m.

Open girls 800 Meter Run - 1,
Thompson, Talia, Striders;
2:31.66; 2, Knowles, Christina,
Striders, 2:39.72; 3, Powell,
Zahra, Striders, 2:49.62.

Open girls 1500 Meter Run - 1,
Knowles, Christina, Striders;
5:32.94: 2, Louis, Lawanda,
Roadrunners, 5:37.97; 3, Powell,
Zahra, Striders, 5:57.54.

Open boys 800 Meter Run - 1,
Wilson, Thomas, Striders,
2:23.29; 2, Armstrong, Tyler,
Striders, 2:31.84; 3, Sweeting,
Lee, Striders, 2:33.12.

Open boys 1500 Meter Run - 1,
Young, Darren, T. Bird Flyers,
4:36.69; 2, Wilson, Thomas,
Striders, 5:08.37; 3, McIntosh,
Derek, Silver Lightnin, 5:25.11.
Girls Long Jump Under-13 - 1,
Rolle, Dreshanae, Sunblazers,
422m, 2, Dean, Tammy, T. Bird
Flyers, 3.81m; 3, Newry, Tanae,
Striders, 3.80m.

Boys Long Jump Under-13 - 1,
Rolle, Anthony, Striders, 4.26m;
2, Gibson, Dustin, Ambassadors,
4.20m; 3, Clarke, Bryan, Sunblaz-
ers, 4.15m.

Steve Burrows named Assistant Director of Sports

BY SIMON LEWIS

BAHAMAS INFORMATION SERVICES



FREEPORT -- Steve Burrows, whose name is somewhat syn-
onymous with sports on Grand Bahama Island, has been named
Assistant Director of Sports in the Ministry of Youth, Sports and
Culture with responsibility for Grand Bahama.

Minister of Youth, Sports and Culture the Hon Charles May-
nard made the announcement on Thursday while in Grand Bahama
to participate in the Junkanoo awards presentations for both the
junior and senior categories. Permanent Secretary, Archie Nairn
and Administrator for the City of Freeport, Don Cornish joined
Maynard as he made the announcement. The Minister revealed
that Burrows will be responsible for the day to day management of
the Grand Bahama Sports Complex among many other duties,
which include providing technical assistance for sporting events for
public and private schools, sustaining the Ministryis sports programs
and assisting with the regulation of sports associations.

Nairn explained that the Ministry expects great things from Bur-

rows who is no stranger to sports.

“His ability and his competence level will bring to the floor the
kind of quality that we are expecting to see and to move forward
with on the Island of Grand Bahama,” he said.

“And, this is not just for Freeport! Mr Burrows is going to be
responsible for organizing and putting in place any number of
activities that this Ministry is responsible for, and to work closely
with the staff of our local office here in regards to putting on
those kinds of activities for the benefit particularly for our young

people.”

Nairn noted that Burrows will travel to New Providence to
gain further knowledge into the various facets in the Ministry.

B SEE PHOTO ON PAGE 18

TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM
PAGE 20, MONDAY, APRIL 19, 2010

THE TRIBUNE



LOCAL NEWS

Ministry denies depleting
paving and pothole budget

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FROM page one

Mr Roberts, who said the
PLP is appalled at the level
of mismanagement and poor
quality of administration at
the Ministry of Works and
Transport, further claimed
that evidence of premature
budget depletion can be
seen in the increasing num-
ber of potholes on the
streets of New Providence
and the Family Islands.

However, the ministry’s
Permanent Secretary Colin
Higgs denied this. He said
that there are still sufficient
funds left to keep their
paving and patching work
crews busy for the next few
months.

Mr Higgs said that the
ministry has in fact just
restarted its programmes to
pave the country’s roads and
patch the potholes in earnest
by identifying roads where
such work is needed.

“We're on top of it,” he
said.

Mr Roberts yesterday
further claimed that fund-
ing to purchase granite sand
from Canada and bitumen
is not available.

“On the other hand, its
only competitor, the pri-
vately owned asphalt plant
on New Providence,
Bahamas Hotmix Ltd, that
has been contracted exclu-
sively by Jose Cartellone for
the New Providence Road
Improvement Programme,
seems able to execute its
road works and other signif-
icant contracts awarded by
the government without any
challenges while the gov-
ernment’s operations lan-
guish,” the PLP chairman
said.

Permanent Secretary Mr





BRADLEY ROBERTS



Higgs also refuted this alle-
gation of insufficient funds
to purchase new materials.

He added that he believes
that in the case of the gran-
ite sand the ministry still has
it in stock waiting to be
used.

In additional claims, Mr
Roberts said that the PLP’s
sources disclosed that “an
excessive amount of over-
time was incurred prior to
the Elizabeth by-election as
a result of the government’s
last-minute efforts to pave
a large number of unpaved
roads in the Elizabeth con-
stituency, which subdivision
developers failed to pave.”

Mr Higgs said the paving
is being carried out by pri-
vate contractors and not the
Ministry of Works.

He also pointed out that
his ministry’s road paving
efforts have already far
exceeded any work done
during the past budget year.

YOU SAY OBSESSIVE
BS ow) ND Ne

Actually, obsessive behavior
led us to Some very good things.

INTRODUCING THE ALL-NEW
TAURUS 2010

Drive one.



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


THE TRIBUNE a

usine



MONDAY, APRIL 2010

eis

SECTION B e business @tribunemedia.net







* Developer recalls
Hubert Ingraham as 'very
direct and to the point
kind of gentleman'

* Claim based on letter
to Bahamian government
‘not credible'

* Collapsed Lehman
Brothers rejected South
Ocean financing pitch

HUBERT INGRAHAM



By NEIL HARTNELL
Tribune Business Editor

An investor/developer in a
Bahamas-based resort project
described Prime Minister
Hubert Ingraham as “a little
scary”, an Arbitration Tribunal
finding his claim that a hedge
fund had agreed to “fund or
finance” the entire $857 million
project based on a letter to the
Bahamian government was not
credible.

The New York-based Inter-
national Arbitration Tribunal,
which heard the dispute for
control of the South Ocean
resort development, said the
testimony by Roger Stein and
his RHS Ventures investment
vehicle “did not support his
contention that a firm commit-
ment” to do just that was made
by Plainfield Asset Manage-
ment and its Seaside Heights
investment vehicle.

Referring to developments
during a June 22, 2007, meeting
between the newly-elected
Prime Minister Ingraham, Mr
Stein and Plainfield represen-
tatives, upon which he and
RHS Ventures had based their
“misrepresentation” charge
against the hedge fund, the
developer claimed its officials
“clearly told me that their role
was to spearhead, to be
involved..... I had no idea
whether they intended to write
a cheque themselves or not”.

The Tribunal adjudication
reproduced part of the hear-
ing’s testimony, including a
question from Mr Stein’s attor-
ney about what Prime Minister
Hubert Ingraham had said dur-

SEE page 5B



by beating profit
forecasts 85 per cent

* Bahamas Waste more than doubles 2009 net income by 137%, despite
missing top-line projections by 2%
* Gross profit margins up 26% as BISX-listed entity shaves $500k, or

9.2%, off cost of sales

* Fuel costs slashed almost 50%
* Targets 2010 Q3 to produce first gallon of biodiesel, and in ‘full swing’
on cardboard recycling shortly

By NEIL HARTNELL
Tribune Business Editor

BISX-listed Bahamas
Waste shrugged off the reces-
sion to post net income that
beat expectations by 85 per
cent for fiscal 2009, its
$780,446 profits more than
doubling the previous year’s
figures thanks to cost con-
tainment strategies and an
almost-50 per cent decline in
fuel prices.

Reporting a year-over-year
137 per cent net income
increase to shareholders,
Francisco de Cardenas,
Bahamas Waste’s managing
director, said the company
had made progress with both
its two new ventures — its
Cardboard Recycling Project
and Biodiesel Project.

Writing in Bahamas
Waste’s annual report, Mr de
Cardenas said that while the
waste collection services
provider missed projected
revenues by 2 per cent for the
12 months to December 31,
2009, its costs beat both esti-
mates and 2008 figures.

Acknowledging that the
firm had “not been very opti-
mistic” coming into fiscal
2009, due to the global reces-

sion, Bahamas Waste’s man-
aging director said: “We expe-
rienced some unexpected con-
struction projects that
required double shifting of
manpower and resources, and
which contributed greatly to
an unexpected increase in
third and fourth quarter rev-
enues.

“Although we did not reach
our 2009 revenue projections,
we were pleased that we
rebounded nicely from 2008
levels. There was no growth in
total revenue during the 2009
fiscal year, and billings fell 2
per cent below budgeted rev-
enues.”

With top-line income, sales
and services rendered, essen-
tially flat at $7.684 million
compared to $7.689 million in
2008, Bahamas Waste had to
look at cost cuts and contain-
ment. This was successfully
achieved in fiscal 2009, with
sales costs and direct expens-
es dropping by 9.2 per cent
or more than $500,000, from
$5.549 million in 2008 to $5.04
million last year.

As a result, gross profits
increased by 23.6 per cent for
Bahamas Waste year-over-
year, from $2.14 million in
2008 to $2.644 million last

time around. This was more
than enough to offset a 2.7
per cent increase in operat-
ing costs, which grew from
$1.868 million in 2008 to
$1.918 million.

Bahamas Waste’s cost con-
tainment efforts were aided
by the drop in global oil
prices, which provided a pass-
through effect of an almost-
$400,000, or 48.1 per cent,
decline in the company’s fuel
costs from $805,141 in 2008
to $418,241 last year.

“With ongoing focus on
cost containment and more
stable fuel prices, direct costs
came in below budget and pri-
or year amounts,” Mr de Car-
denas told Bahamas Waste
shareholders.

“Administrative costs and
overheads were lower than
budgeted amounts, and
almost flat compared to the
prior year. As a result, we are
pleased to report that net
income for the year came in at
85 per cent higher than antic-
ipated and 137 per cent over
2008 amounts.”

Based on the $780,446 net
income that Bahamas Waste
ultimately produced, Mr de

SEE page 7B

Realtor moves into Harbour
Island via Island Living deal

By NEIL HARTNELL
Tribune Business Editor

A real estate firm in which
financial services conglom-
erate, A. F. Holdings, has a
substantial interest has
moved into the Harbour
Island market via the acqui-
sition of fellow realtor, 32
year-old Island Real Estate.

Lowes Realty has pledged
“to add some more services
and try and enhance the
experience” for Island Real
Estate’s existing and future
client base, rather than

‘lh -
ee

Firm owned by A. E Holdings
conglomerate makes acquisition

implement major changes,
although an upgraded web-
site is one planned improve-
ment.

Geraldine Albury, princi-
pal at Island Real Estate,
confirmed the acquisition
when contacted by Tribune
Business. She said: “We’re
going to move forward. For-
tunately for Harbour Island,

it’s good news, not bad
news.”

She declined to comment
further, though, instead
pointing Tribune Business
in the direction of the com-
pany’s new owners. Lowes
Realty is understood to be at
least majority-owned by A.

SEE page 6B

swing drops Fund
profits by 95.7%

By NEIL HARTNELL
Tribune Business Editor





A negative $2.668 million swing on the value of its
investment properties saw the BISX-listed Bahamas
Property Fund’s 2009 net income plummet by 95.7
per cent to just $115,203, despite top-line rental rev-
enues and expenses both moving in the right direc-
tion.

The audited financial statements for the Bahamas
Property Fund, a copy of which has been seen by
Tribune Business, show that the previous year’s
$807,000 gain on the value of its investment prop-
erties had been reversed by a $1.861 million decline
in 2009.

This resulted in the BISX-listed investment
fund/real estate investment trust suffering a 51.1
per cent decline in total income, which fell from
$5.142 million in the 12 months to December 31,
2008, to just $2.519 million this time around.

This was despite other key top-line elements
trending in the right direction in 2009. The Bahamas
Property Fund saw rental and parking income from
the three properties it now owns — the Bahamas
Financial Centre, One Marina Drive on Paradise
Island and the newly-acquired Providence House —
increasing slightly by 0.7 per cent to $4.338 million,
compared to $4.307 million the year before.

And the Fund was able to hold total expenses
flat against 2008 levels, actually decreasing them by
some $5,000 from $1.443 million to $1.338 million.
Yet the 51.1 per cent total income decline, induced
by the investment property revaluation, ultimately
resulted in the Bahamas Property Fund’s net income
falling from $2.654 million, or $1.1 per share in 2008,
to just $115,203 or $0.05 per share last year.

Without the one-time fair value adjustment, the
Bahamas Property Fund would likely have exceed-
ed its 2008 performance, generating almost $2.8 mil-

SEE page 7B







Road Act cover
‘unconscionable

* Insurers back government plan to end coverage form
* But Road Act portfolios ‘double’ as Bahamians seek to

save On premiums

By NEIL HARTNELL
Tribune Business Editor



The Bahamian insurance industry has welcomed the Govern-
ment’s Speech of the Throne pledge to do away with Road Act
Insurance, branding this coverage as “unconscionable” and policies
that “should not be sold” because they offer no protection to pas-
sengers in the guilty vehicle or against property damage.

Steve Watson, RoyalStar Assurance’s managing director, told
Tribune Business that the general insurance carrier did not sell
Road Act coverage policies, and had not done so for a long time.

“We don’t do Road Act,” Mr Watson told Tribune Business. “I
always thought Road Act coverage was unconscionable and should
not be sold and given to people. It’s not the right thing to do. We
haven’t sold that coverage to anyone for a long time.”

The RoyalStar managing director said motorists who had Road
Act cover were only insured for injuries caused to third parties, such
as pedestrians and drivers/passengers in other vehicles, if they
were guilty of causing the accident.

Not covered, he explained, were injuries to passengers in the
vehicle of the guilty party, plus damage to other vehicles and pri-
vate property. This meant, Mr Watson said, that Road Act cover-
age would not require a payout by an insurer in “99.5 per cent” of
all traffic accidents, since these inevitably involved damage to
other vehicles — requiring either the guilty or innocent party to
instead fund vehicle repairs out of their own pocket.

The Government’s pledge to amend the Road Traffic Act to end
Road Act insurance was one of the few pieces of legislation to sur-

SEE page 4B

PENCE LU MEO MITT
STEM MICH CB ITEM LI TY

By NEIL HARTNELL
Tribune Business Editor

instead of the Government lending money, com-
mit ‘x’ amount of money to small and medium-



sized business development and let all the banks

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The information contained is from a third
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responsible for errors and/or omission
from the daily report.

BASSAL 4



The Government has been urged to mandate
that commercial banks individually match the
amount of financing it commits to small and
medium-sized business development , a consul-
tant telling Tribune Business that the legislation
announced in the Speech from the Throne could
provide “the lifeblood to drive the future growth
and development of the Bahamas”.

Mark Turnquest, of Mark A Turnquest Con-
sulting, said he had urged Zhivargo Laing, min-
ister of state for finance, in a recent meeting to
ensure that Bahamian commercial banks matched
the amount of small/medium-sized business
financing provided by the Government when
crafting the Small and Medium-Sized Business
Development Act.

“Everybody will have to adjust their policies,
especially the banks,” Mr Turnquest told Tri-
bune Business. “They’re going to have to cre-
ate a fund to match the Government’s commit-
ment.

“My recommendation to Mr Laing was that

match it individually. Let all the banks commit
$20 million to a fund, and because they have a
system in place, let them do the lending for the
Government.”

Mr Turnquest, a consultant for Bahamian small
and medium-sized businesses, told this newspaper
that the commercial banks would still apply the
“same due diligence” standards that they used to
monitor regular lending clients, including assess-
ing business plans.

He added that he had also recommended to
Mr Laing the creation of a Small and Medium-
Sized Business Development Centre, which
would oversee both growth in this sector and
the banks following through on their commit-
ments.

Describing the Government’s proposed legis-
lation as “a great tool to develop our future”,
Mr Turnquest said: “It’s like a light in the sky,

SEE page 5B
PAGE 2B, MONDAY, APRIL 19, 2010

BY ROYALFIDELITY
CAPITAL MARKETS

It was an active week of trad-
ing in the Bahamian stock mar-
ket.

Investors traded in12 out of
the 24 listed securities, with four
decliners, one advancer and the
others remaining unchanged.

BOOT anil)

EQUITY MARKET

A total of 631,710 shares
changed hands, representing a
significant increase of 623,010
shares, compared to the previ-

ous week's trading volume of
8,700 shares..

Commonwealth Bank (CBL)
was the volume leader in the
week, trading 144,412 shares to



see its stock close the week
unchanged at $6.

Freeport Holdings (FCL) fol-
lowed, trading 127,000 shares
to close the week with its share





i. What slogan is written on the Green
SET UO RUE WE EER ele]
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2010 at the Family Fun Dey

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price unchanged at $5.

Colina Holdings (CHL) was
the big advancer for the week,
trading 93,406 shares to end the
week up $0.11 at $2.83, a new
52-week high.

Bank of the Bahamas (BOB)
was the big decliner last week,
trading 32,748 shares to see its
stock close the week down by
$0.07 at $5.23.

BOND MARKET
There was no activity last
week in the bond market.

COMPANY NEWS:

Earnings Releases:

There was no earnings
release from any of the listed
companies this week.

Dividend Notes:

J. S. Johnson has declared a
dividend of $0.16 per share,
payable on April 19, 2010, to
all ordinary shareholders of
record date April 12, 2010.

THE TRIBUNE

Freeport Oil Holdings (FCL)
has declared a dividend of $0.04
per share, payable on May 11,
2010, to all ordinary sharehold-
ers of record date April 30,
2010.

Colina Holdings (CHL) has
declared an ordinary dividend
of $0.06 and an extraordinary
dividend $0.09 per share,
payable to all ordinary share-
holders 10 days after the record
date April 30, 2010.

AGM Notices:
Bahamas Waste (BWL) has
announced its AGM to be held
at the National Tennis Centre,
QE Sport Centre, on May 18,
2010, at 6pm.

Commonwealth Bank (CBL)
has announced its AGM to be
held at SuperClub Breezes,
West Bay Street, on May 19,
2010, at Spm.

EQUITY MARKET - TRADING STATISTICS

BISX CLOSING WKLYPRICE VOLUME YTD PRICE
SYMBOL PRICE CHANGE CHANGE
AML $ 1.02 $- 0 -12.82%
BBL $ 0.48 -$0.05 1,000 -23.81%
BOB $ 5.23 -$0.07 32,748 —-11.36%
BPF $ 10.63 - 39,251 — -1.02%
BSL $ 9.42 $- 0 -6.36%
BWL $ 3.15 $- 0 0.00%
CAB $ 12.20 -$0.04 60,082 22.24%
CBL $ 6.00 $- 144,412 -14.29%
CHL $ 2.83 $0.11 93,406 4.04%
CIB $10.43 7 25,000 4.40%
CWCB $2.94 $0.05 17,673 3.16%
DHS $ 2.54 $- 39,207 = -0.39%
FAM $ 6.07 $- 0 6.47%
FBB $ 2.37 $- 0 0.00%
FCG $ 0.27 $- 0 0.00%
FCL $ 5.00 $- 127,000 4.82%
FCLB $ 1.00 $- 0 0.00%
FIN $ 9.08 -$0.02 33,988 -2.16%
ICD $ 5.59 $- 0 0.00%
JSJ $ 9.95 $- 250 0.00%
PRE $ 10.00 $- 0 0.00%

BOND MARKET - TRADING STATISTICS

BISX
SYMBOL

DESCRIPTION

FBB13

FBB Series C
Notes Due 2013
FBB Series D
Notes Due 2015
FBB Series A
Notes Due 2017
FBB Series B
Notes Due 2022

FBB15
FBB17
FBB22





VOLUME

PAR VALUE

$1,000
$1,000
$1,000
$1,000


THE TRIBUNE

By CHESTER ROBARDS
Business Reporter
crobards@tribunemedia.net

THE FREEPORT Con-
tainer Port could receive
some help from its sister
ports by way of crane dona-
tions, its chief executive told
Tribune Business. The port
has been forced to turn
away some business after a
tornado ripped through its
compound, twisting to
pieces one Gantry Crane
and claiming the lives of
three workers.

Gary Gilbert said the port
recently brought back into
service crane five, and is
waiting to take receipt of
loaner Gantry Cranes in
order to resume business in
earnest.

According to Mr Gilbert,
several cargo ships had to
be turned away from the
port following the devastat-
ing tornado that left one
crane inert in the waters
near its berth. He said

MONDAY, APRIL 19, 2010, PAGE 3B
MSC among business
turned away by Port

among the shipping lines
turned away were MSC
(Mediterranean Shipping
Company), Hutchison
Whampoa’s fellow share-
holder in the Freeport Con-
tainer Port.

However, Hutchison Port
Holdings (HPH) could sup-
ply its Grand Bahama site
with a Gantry Crane, possi-
bly from one of its port loca-
tions in Korea, in order to
prevent missed business
opportunities for one of the
most important ports in the
region.

Tornado

The Freeport Container
Port's Gantry Cranes are
said to have a price tag of
up to $10 million each, but
in a matter of seconds on
March 29, one was left man-
gled and inoperative when
a tornado ripped through it.

Even last Thursday, the
crane still teetered on the

INTERNATIONAL MARKETS

FOREX Rates
Currency

CAD 0.9869
1.5391 0.11
1.3509 0.11

GBP
EUR

Commodities
Commodity

Crude Oil
Gold

Weekly

Weekly

84.40
1,136.70

% Change

-0.93

% Change

-0.62
-2.15

International Stock Market Indexes

Index

DJIA

S & P 500
NASDAQ
Nikkei

Weekly

11,023.88
1,191.99
2,481.26

11,102.18

% Change

STEP

edge of its berth, one half
submerged. Mr Gilbert said
a salvage crew would begin
dismantling the tonnes of
steel some time this week.

The extent of the finan-
cial loss for the Freeport
Container Port since the tor-
nado is not known, but it is
speculated to be in the mul-
ti-million dollar range.

Even as the port tries to
get back on its feet, it could
face a court battle, where
families of the victims of the
tornado will likely seek
punitive damages, claiming
negligence on the compa-
ny’s part.

There have been reports
that a settlement may have
been offered to the families
of the men killed on March
29, a worker told this paper.

"I think some monies
were offered to them, but I
don't think they were happy
with the offer," he said. The
Tribune has been unable to
confirm the reports.

INSIGHT

For the stories
behind the news,
read Insight
on Mondays

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“$69 per person, per night dbl occupancy, Sun. thru Wed. rates effective thru June 14, 2010. $89 per
person, per night dbl occupancy, Sun. thru Wed. rates effective June 15 - August 15, 2010. 3rd and
4th additional adults, add $40 each per night. Special weekend rates available. Maximum 4 persons
per room. Additional fees apply for mandatory taxes, mandatory housekeeping gratuities and
utility service fees. Rates quoted are based on standard room category and subject to availability.
Cancellations must be received 48 hours prior to arrival or a 1-night penalty will apply.



PARADISE ISLAND
BAHAMAS

MINISTRY OF HOUSING
ENGINEERING SERVICES FOR THE DESIGN AND
CONSTRUCTION OF THE ELECTRICAL DISTRIBUTION
SYSTEM IN CARMICHAEL VILLAGE, NEW PROVIDENCE

REQUEST FOR PROPOSALS (RFP)

The Government of the Commonwealth of the Bahamas through the Ministry
of Housing is requesting proposals fram qualified Consulting Engineering
firms to provide Engineering Design AND Construction services for the
development of the following housing subdivision:

Carmichael Villaga, New Providence - Electrical Distribution System

Interested parties may obtain further information and purchase a capy of the
Request for Proposal from:

The Office of the Permanent Secretary
Ministry of Housing
Claughton House
Shiney and Charlotte Sts.
Nageau, Bahamas

Tel: 2423-322-6005/6006

For a non-refundable fee of $100. The method of payment may be cash or
a certified cheque made payable to the “Ministry of Housing “. The docu-
mants will be raady for collection beginning Monday 12th April, 2070 and
ending Friday 23rd April, 2070 balween the hours of 9:30 am te 4:30 pm. An
information meeting will be held on Tuesaday 27th April, 2070 at 11200 amin
the conference roam at tha Ministry of Housing, Claughton House.

Tenders are to be submitted ina sealed envelope marked as indicated in the
AFP document te:

The Financial Secretary
Ministry of Finance
3rd Floor, Cecil Wallace-Whitfield Building
Cable Beach, Nassau

No later than 10:00 am on Tuesday 11th May, 2010. Tenders will be opened
at the Tenders Board Meeting of Tuesday 11th May, 2070 at the Ministry of
Finance, 3rd Floor, Cecil Wallace-Whitleld Building, Gable Beach, Nassau.
The Government reserves the right ta raject any or all Tenders.

TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM
, Fs *
YOUR CONNECTION-TO THE WORLD

PUBLIC NOTICE

TENDER FOR STRUCTURED
WIRING, POINCIANA DRIVE
TECHNICAL CENTER

The Bahamas Telecommunications Company Ltd.
(BTC), is pleased to invite Tenders to provide strc-
tured wiring service for it's Poinciana Drive Technical

Center.

Interested companies/firms may collect a Tender
Specification from the Security's Desk located in the
Administrative building on John F. Kennedy Drive, on
or before Tuesday, April 20th, 2010, between the
hours of 9:00 a.m. and 5:00 p.m.

The deadline for submission of tenders is on or before
5:00 pm Friday, April 23rd, 2010, Tenders should be
sealed and marked “Tender for Structured Wiring,
P/D", and should be delivered to the attention of
"Mr. |. Kirk Griffin, Acting President and CEO."

BIC reserves the right to reject any or all Tenders.







MINISTRY OF EDUCATION
IMPORTANT NOTICE

FINANCIAL COMMUNITY ADVANCED TECHNICAL

PAGE 4B, MONDAY, APRIL 19, 2010

THE TRIBUNE



FROM page 1B

vive from the previous Parlia-
mentary session and be carried
over into this one, Tribune
Business was told by insurance
executives. The move comes as
one Bahamas-based insurance
agent/broker, speaking on con-
dition of anonymity, told Tri-
bune Business the size of his
Road Act portfolio had dou-
bled in the past year, as
Bahamians sought to reduce
motor premiums to save a few
dollars amid the recessionary
headwinds. Admitting that he
did not want to sell Road Act
insurance, only doing so
because he was licensed to sell

Road Act cover

this coverage, the agent/broker
said he tried to steer his clients
away from taking out such poli-
cies.

“More and more people are
asking for Act insurance
because of the economic cli-
mate,” the broker told Tribune
Business. “Our portfolio has
doubled on Road Act insur-
ance, and that’s happening even
more this year. It’s cheaper, and
people want this coverage.”

Adding that he hoped the
Government “squeezed in” the
planned Road Traffic Act
amendment during the current

Trempole Chistian High Febued

TEACHING VACANCY

Temple Christian High School
Shirley Street

Invites applications from qualified Christian
teacher for the following position for the
2010-2011 School Year.

Music
Applicants must:

A. Bea practicing born-again Christian

who Is willin

to subscribe to the

Statement of Faith of Temple Christian

School.

Have a Bachelor’s Degree in Education
or higher from a recognized College
or University in the area of

specialization.

Have a valid Teacher’s Certificate or

Diploma.

Have at least two years teaching
experience in the relevant subject
area with excellent communication

skills.

Applicants must have the ability to
Ea are students for all examinations
o the BJC/BGCSE levels.

F. Be willing to participate in the high
school’s extra curricular programmes.

Application must be picked up at the High

School
returned with a full

Office on Shirley Street
curriculum vitae,

and be
recent

coloured photograph and three references to:

Mr. Neil Hamilton
The Principal
Temple Christian High School
P.O. Box N-1566
Nassau, Bahamas
Deadline for application is Monday, 30th April, 2010

MINISTRY OF HOUSING



eg

Parliamentary session, the bro-
ker added: ““They’ve been talk-
ing about this for the last 15
years. The Bahamas General
Insurance Association even
provided a specimen wording
and has done this twice, some
two years ago and more recent-
ly. “It would provide a lot more
protection for the insuring pub-
lic, knowing that if someone is
killed or injured by a negligent
driver, compensation will be
available, and that’s the whole
point of the Road Traffic Act.”

The broker also pointed out
that the premium paid for Road
Act coverage was only slightly
less than that for third party.
The Government has already
limited liability coverage for
motor vehicle accidents via pre-
vious amendments to the Road
Traffic Act. The current limit
is $125,000 per passenger for
those injured as a result of their
own driver’s negligence, and
$500,000 for all passengers in a
guilty vehicle. For third parties,
the Government has capped
the per person liability limit at
$2.5 million, and the aggregate
at $30 million. Mr Watson
branded these limits as “high”,
comparing them to the $1 mil-
lion per person and $5 million
aggregate set in the Cayman
Islands, for example.

He added that RoyalStar had
imposed its own passenger lia-
bility limits in line with the
Road Traffic Act, setting these
at $150,000 per passenger and
$500,000 for the aggregate.

Vaughn Culmer, the
Bahamas Insurance Brokers
Association’s (BIBA) presi-
dent, echoed Mr Watson’s com-
ments, telling Tribune Business
that he “applauded” the Goy-
ernment’s plans to do away
with Road Act Insurance as “a
good move”.

Adding that he, too, had nev-
er sold Road Act policies, Mr
Culmer said: “T have a licence
to sell it, but have never
believed in it. Everyone as far
as I know is licensed to sell it,
but many of the brokers chose
not to do it. It’s totally inade-
quate and does not provide
enough protection for the road
user. “If someone’s driving and
has third party coverage, if they
damage someone’s property or
another vehicle, that person
affected has recourse.”

The BIBA president, though,
acknowledged it was “logical”
economic behaviour for the
demand for Road Act cover-
age to increase during a reces-
sion, as Bahamians sought to
‘pinch the pennies’.

ENGINEERING SERVICES FOR THE DESIGN OF
ROADS AND DRAINAGE SYSTEMS,

EDUCATION TRUST FOR BAHAMIANS (1973)

AND POTABLE WATER AND SEWERAGE DISTRIBUTION
SYSTEMS IN CARMICHAEL VILLAGE, NEW PROVIDENCE

EDUCATIONAL ASSISTANCE FOR TECHNICAL STUDIES

Applications arc invited from suitable candidates for consideration for financial Awards RE
offered! by the above Trust at The College of The Bahamas or any accredited Technical or
(Community College or University overseas, commencing September, 2010.

EST FOR PROPOSALS (REP

The Government of the Commonwealth of the Bahamas through
the Ministry of Housing is requesting proposals from qualified
Consulting Engineering firms to provide Engineering Design,
Supervision of the Construction Tender Process, and Contract
Administration Services for the development of the following
housing subdivision:

The Awards are intended to provide financial assistance for training at advanced level in
Breas of technology where there is vilal need for such skills in The Bahamas, Areas of
Study include the following:

(0) Automobile, Mechanical and Architectural Engineering
(ib) Aviation! Malatenance

(ic) Automobile or Marine Maintenance (gas or diesel engines)
(d) Air-conditioning and refrigeration

fe) Elevator Engineering

(ff) Computer Engineering

ig) Marine Engineering (Coastal Management)

(h} Food Processing and Production techniques

(i) Manufacture of Clothing, Furniture, ete.

Gi) Craft Production and Boat Building

(k) Radio aod Television Techoology Mass Communication
(ih) Medical Technology

im) Crop Sclence

in} Livestock Science

(fo) Any other area of technology acceptable to the Selection Committee

Carmichael Village, New Providence — Roads and drainage system
design, and potable water & sewerage distribution design.

Interested parties may obtain further information and purchase a copy of
the Request for Proposal fram:
The Office of the Permanent Secretary
Ministry of Housing
Claughton House
Shirley and Charlotte Sts.

Nassau, Bahamas
Suocesstiul candidates will be required to pursue a course of study from (1) to not more Tel: 247-327-6005/6006
fhan thee (3) years leading to a Cerificave or Diploma (Not a Degree}.

For a non-refundable fee of $100. The method of payment may be cash
or a certified cheque made payable to the “Ministry of Housing “. The
documents will be ready for collection beginning Monday 19" April, 2010
and ending Friday 23" April, 2010 between the hours of 9:30 am to 4:30
pm. An information meeting will be held on Wednesday 28" April, 2010
at 10:00 am in the conference roam at the Ministry of Housing,
Claughton House.

[t is expected that candidates will seck admission to a recognized technical institution of
heir chaniee

Candidates shoul have successfully completed high school education in The
Commonwealih of The Bahamas and should preferably have attained BwG.0.5.E.
kerlificales in appropriate subjects or completed courses of study in a technical feld, The
value of cach award will depend upon the cost and length of course.

The suceesstiul candidates will be expected to retum to The Bahamas on the satisfactory
onpletion of the course to give the country the benefit of their training. Tenders are to be submitted in a sealed envelope marked as indicated in

the RFP document to:
[Application forms may be obtained from the Scholarship and Education Loan Division,
Ministry of Edueation, Shirley Street. Completed application forms should be retumed in
an envelope marked “Financlal Community Advanced Education Scholarship",
Scholarship & Education Loan Division, Ministry of Education, PO. Box 63915,
Nassau, Bahamas or delivered to the Scholarship & Educational Loan Division, Shirley
Street, ie arive re later than the deadline dave.

APPLICATION DEADLINE : Monday May 31+, 2010

INCONIPLETE OR LATE APPLICATION FORMS WILL
NOT BE CONSIDERED

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

The Financial Secretary
Ministry of Finance
3" Floor, Cecil Wallace-wWhitfield Building
Cable Beach, Nassau

No later than 10:00 am _on Tuesday 18" May, 2010. Tenders will be
opened at the Tenders Board Meeting of Tuesday 18° May, 2010 at the
Ministry of Finance, 3 Floor, Cecil Wallace-Whitfield Building, Cable
Beach, Nassau. The Government reserves the right to reject any or all
Tenders.








THE TRIBUNE

MONDAY, APRIL 19, 2010, PAGE 5B



=
Ur UT a

FROM page 1B

ing the June 22, 2007, meeting,
which took place less than two
months after the FNM’s return
to office.

Mr Stein replied: “What he
said was...... you know, he’s a
very direct and to-the-point
kind of gentleman, he’s a little
scary, and he just wanted to
know, you know, how this was
being financed, what was going
to happen, how he was going
to know that this project was
going to go through.”

This sums up the Prime Min-
ister’s direct, no-nonsense
approach to such matters per-
fectly, although few have been
bold enough to go on the
record to describe him as a
“scary” person who strikes fear
into the hearts of persons as
well-cashiered as foreign devel-
opers.

Dismissing Mr Stein’s con-
tention that Plainfield’s oral
comments meant the hedge
fund had a “binding commit-
ment” to finance the $857 mil-

resort, the Tribunal turned to
the August 3, 2007, letter seem-
ingly sent to the Bahamian gov-
ernment that RHS Ventures
relied on heavily for its ‘mis-
representation’ allegation and
other claims.

The letter sent to the Ingra-
ham administration said:
“Plainfield Asset Management,
through a subsidiary of the
hedge fund it manages, has
entered into a partnership with
Mr Stein to provide all of the
additional equity financing
required for the initial devel-
opment of the project — approx-
imately $45 million.”

It added that via the part-
nership agreement between
Plainfield and RHS Ventures,
the hedge fund’s “initial funds
will provide all of the addition-
al equity capital necessary to
transform the site into a parcel
upon which the two hotels and

other components can be con-

lion redevelopment of the
structed.

southwestern New Providence



‘Thereafter, Plainfield antic-
ipates providing the substantial
additional equity required to
complete the entire develop-
ment process, including the
construction of the hotels and
other components.”

However, the Tribunal found
that “the pertinent parts” of the
letter had been written by
Westwood Capital, the compa-
ny hired by Mr Stein as invest-
ment banking and finance-rais-
ing advisers for the South
Ocean redevelopment.

“The draft letter was
enclosed with an e-mail from
Westwood to Plainfield Asset
Management on July 29, 2007,”
the Tribunal found. “Mr Stein
followed up on Westwood’s e-
mail later the same day in two
e-mails, urging Seaside Heights
to send the letter to the Office
of the Prime Minister.

“The purpose of the letter,
in Mr Stein’s words, was to pro-
vide:

¢ Some basic background of
funds and dollars under control

¢ Current commitment of
approximately $45 million in
equity to South Ocean

¢ Your anticipation (of
course, not commitment) that
you would fund substantial
additional equity that may be
required to complete the entire
development process.”

The Tribunal found that this
letter “cannot rationally be con-
strued to mean a commitment
to ‘fund or find’ funding”. It
added: “Thus Mr Stein himself
expressly confirmed his under-
standing that Plainfield had
made no commitment beyond
its initial $45 million equity
commitment.

“Claimants’ current assertion
of a misrepresentation, based
on language they themselves
drafted, which they expressly
and contemporaneously stated
was ‘of course’ not a commit-
ment, is simply not credible.”

In addition, Eric Reehl, the
South Ocean team leader for
Plainfield, had noted that “sub-
stantial unknowns” about the
project remained in August
2007, and the hedge fund “did-

Banks ‘must match' government
on small business financing

FROM page 1B

and even small business owners should be excited now about how
the Government is committed.

“There has never been a complete small and medium-sized
business National Development Plan to address the economic
development of that sector, so it always remains small and insignif-
icant, as no policies have focused on the development of that sec-
tor before.

“Tt has to be a collective effort by the Government, the Cham-
ber of Commerce, the industries and the banks, because if it is not
a collaborative effort everyone’s going to have an insignificant
approach, like in the past. That’s why we have so many business-
es staying small for a long time. The banks have to wake up now;
they have no other choice.”

Mitigate

Mr Turnquest said the Act could create “processes and policies
that mitigate the impact of future recessions”, adding: “It’s like the
lifeblood to drive the future growth and development of the
Bahamas. I also recommended to Minister Laing that in future
downturns, businesses that have paid National Insurance Board
contributions, are up-to-date on licences and fees, and have ‘x’ peo-
ple employed, should be protected and given consideration for
grants to help them keep on employees and inventory. Every-
thing that went wrong this time will not go wrong again.”

The consultant also argued that the Small and Medium-Sized
Business Development Act could help to diversify the Bahamian
economy away from its traditional reliance on tourism and finan-
cial services, attracting foreign investors to partner with Bahami-
an companies in areas such as information technology, and assist-
ing in knowledge transfer to Bahamians.

Mr Turnquest said he had also recommended to the Government
that, to ensure the proposed Act’s success, individual industries and
their representative bodies meet with the Ministry of Finance and
Chamber of Commerce to submit reports on the “strengths and
weaknesses” of their own sectors.

This would ensure “‘no industry is left out”, and develop goals for
each sector of the Bahamian economy, formulating policies and
incentives to assist every industry’s development. Having all sec-
tors meet at once would potentially ‘crowd out’ some from being
heard, Mr Turnquest argued.

Legal Notice
NOTICE

NOTICE IS HEREBY GIVEN as follows:

(a) CONGRESSO LIMITED is in dissolution under the provisions of
the International Business Companies Act 2000.

(b) The Dissolution of said Company commenced on April 16, 2010
when its Articles of Dissolution were submitted and registered by
the Registrar General.

(c) The Liquidator of the said company is Zakrit Services Ltd. of 2nd
Terrace West, Centreville, Nassau, Bahamas.

(d) All persons having Claims against the above-named Company are
required on or before the 31st day of May, 2010 to send their names and
addresses and particulars of their debts or claims to the Liquidator of the
company or, in default thereof, they may be excluded from the benefit of
any distribution made before such debts are proved.
APRIL 19, 2010
ZAKRIT SERVICES LTD.

LIQUIDATOR OF THE ABOVE-NAMED COMPANY

Legal Notice
NOTICE

NOTICE IS HEREBY GIVEN as follows:

(a) GIAVA OVERSEAS LIMITED is in dissolution under the provisions
of the International Business Companies Act 2000.

(b) The Dissolution of said Company commenced on April 16, 2010
when its Articles of Dissolution were submitted and registered by
the Registrar General.

(c) The Liquidator of the said company is Zakrit Services Ltd. of 2nd
Terrace West, Centreville, Nassau, Bahamas.

(d) All persons having Claims against the above-named Company are
required on or before the 31st day of May, 2010 to send their names and
addresses and particulars of their debts or claims to the Liquidator of the
company or, in default thereof, they may be excluded from the benefit of
any distribution made before such debts are proved.

APRIL 19, 2010

FirstCaribbean

FirstCaribbean is a major Caribbean Bank offering a full range of market-leading financial
services in Corporate Banking, Retail Banking, Credit Cards, Wealth Management, Capital

n’t know what direction it was
going to go, and funding the
vertical construction by differ-
ent methods such as contribut-
ing land as equity was possi-
ble”.

The Tribunal decision also
disclosed that even Lehman
Brothers, the bankrupt invest-
ment bank whose collapse
sparked the Wall Street finan-
cial collapse in September 2008,
had declined to participate in
South Ocean’s financing some
six months before the walls
caved in in New York.

South Ocean’s failure to
obtain the necessary project
financing, according to the Tri-
bunal, was blamed on West-
wood by both Mr Stein and a
Ms Kagan, who had been
appointed as his new financial
adviser. Westwood’s presenta-
tion to Lehman was described
by Ms Kagan as “confusing”
and “not adequate”.

And in a May 2008 e-mail,
Mr Stein allegedly said banks
that had been interested in

financing South Ocean, such as
Scotiabank and Wachovia, had
been “confused” by West-
wood’s presentation.

Meanwhile, Plainfield had
also objected to Westwood’s
revision of the South Ocean
infrastructure budget, which
was increased in late 2007 from
$235 million to $275 million.
This included “$10 million of
incremental interest, $10 mil-
lion to do additional residen-
tial lot development and $12
million to build a golf club
house”.

Plainfield argued that the
increased budget would not be
“marketable”, a contention
found to be supported by Ms
Kagan. With no pre-sales to
support a major piece of the
financing package, Ms Kagan
“confirmed that the revised
structure was not marketable,
as in a declining market situa-
tion there had to be a loan to
value ratio of 40-50 per cent,
and this transaction was proba-
bly closer to 20 per cent”.

POSITION AVAILABLE

Established business seeks
knowledgeable individual to

manage plumbing department.
Send resume to:
P.O. Box N-322.



CAREER OPPORTUNITIES

@A 923 f>

‘
by |

Markets and Treasury. We are the largest regionally listed bank in the English-speaking
Caribbean with over 3,500 staff, 100 branches and banking centres, and offices in 17
regional markets, serving 800,000 active accounts. We are looking to fill the following

position:

Financial Controller- Bahamas & Cayman erreur:

The Financial Controller position is a senior role with responsibility for the overall integrity of the
financial information presented for FirstCaribbean International Bank (Bahamas) Limited (FCIB
Bahamas) and FirstCaribbean International Bank (Cayman) Limited (FCIB Cayman) in accordance with

International Financial Reporting Standards (IFRS).

e The Financial Controller will play a key leadership role in the financial and operational planning
process. Working closely with the senior management team and executives within the organization
and regionally, the incumbent will have responsibility for all aspects of financial management
policies and procedures.

* Responsibilities include financial, regulatory, and management reporting which consists of, but is not
limited to, consolidations and submission of financial statements to Head Office including quarterly
publications for the Bahamas Operating Company (which is publicly quoted), the preparation and
submission of regulatory returns on a timely basis, and the production and analysis of management
reports to assist the Business Units.

e The Cayman Operating Company comprises of a combination of subsidiary and branch operations
in Cayman, St. Maarten, BVI, and Curacao, while the Bahamas Operating Company comprises of
branch operations in Bahamas and the Turks & Caicos Islands.

¢ Responsibilities also include management, coaching and training of the Finance team.

QUALIFICATIONS

Applicants should have a professional accounting designation (ACCA, CA, CPA) combined with
advanced level knowledge of accounting principles, and related experience in a complex
project management environment are essential to this role.
Strong analytical ability, high-level computer literacy and in-depth knowledge of banking
operations and IT reporting systems are fundamental to this role.
Financial services related experience at a senior management level with a minimum of 5 years
post qualification experience.
The following critical knowledge and skills are also essential to this role:
+ In-depth knowledge of IFRSs.
* Good understanding of the governing regulations around banking.
« Good understanding of income tax laws and reporting requirements.
* Good understanding of corporation tax in relation to St Maarten and Curacao
Operations and withholding taxation.

* Coaching ability to effectively deal with change related issues and financial system

implications

* Strong communication, negotiation and presentation skills:
+ Excellent time management skills.
Accurate / attention to detail

« Impeccable integrity
« Able to work under pressure and within timelines.

« Able to embrace change and to assist with the management and coordination
of any finance related projects for the Group.

¢ Able to thrive in a robust and dynamic environment

Additional requirements of this role include frequent travel within the Caribbean region
and work outside of regular office hours to meet reporting and audit deadlines.

REMUNERATION:

* Salary commensurate with the position’s seniority level 10 (The Bank has 11 pay levels).
* Benefits include Life Insurance, Health Insurance, preferred rates on banking services and competitive
salary commensurate with qualifications.

Applications received on or before
April 30, 2010 will be considered

Vacancy is open to Bahamians only.

and should be emailed to:
FIRSTCARIBBEAN

INTERNATIONAL BANK

ZAKRIT SERVICES LTD. Fi _ A
Deangelia.deleveaux@firstcaribbeanbank.com

LIQUIDATOR OF THE ABOVE-NAMED COMPANY
GET THERE. TOGETHER.

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












Ministry of Education
SCHOLARSHIP & EDUCATIONAL LOAN DIVISION

IMPORTANT NOTICE

2010 SCHOLARSHIPS

SCHOLARSHIP TYPE DEADLINE
ALL BAHAMAS MERIT SCHOLARSHIP APRIL 30, 2010
NATIONAL MERIT SCHOLARSHIP APRIL 30, 2010
NATIONAL ACADEMIC SCHOLARSHIP APRIL 30, 2010
NATIONAL TECHNICAL SCHOLARSHIP APRIL 30, 2010
NATIONAL GRANT APRIL 30, 2010
GERACE RESEARCH CENTRE SCHOLARSHIP APRIL 30, 2010
FINANCIAL COMMUNITY ADVANCED TECHNICAL

TRUST SCHOLARSHIP MAY 31, 2010
NATIONAL AWARD / BURSARY MAY 31, 2010
TEACHER EDUCATION GRANT 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, Bahama:

APPLICATION FORMS RECEIVED AFTER THE DEADLINE
WILL NOT BE CONSIDERED

PLEASE VISIT OR CONTACT THE SCHOLARSHIP & EDUCATIONAL LOAN DIVISION,

MINISTRY OF EDUCATION, SHIRLEY STREET FOR APPLICATION FORMS AND/OR

ADDITIONAL INFORMATION.

APPLICATION FORMS CAN ALSO BE OBTAINED FROM OUR WEBSITE AT

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 licensing of All Public
Service vehicles will he carried out in New
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)







Realtor moves into
Harbour Island via

Island Living deal

FROM page 1B

F. Holdings, the former Col-
ina Financial Group (CFG),
which owns Colina Insur-
ance Company, the merged
Ansbacher/Sentinel offshore
bank, Colina General Insur-
ance Agency and the Nas-
sau Guardian.

This newspaper attempted
to contact Lowes Realty
head, Alexander Alexiou,
son of A. F. Holdings prin-
cipal and attorney, Emanuel
Alexiou, but was told he was
off-island in Florida. His
office said it would send a
message to him to contact
Tribune Business, but noth-
ing was received before
press time.

However, a message sent
to Island Real Estate’s
clients said: “This is to let
all of our valued homeown-
ers and renters that have
been working with Island
Real Estate for many years
that Island Real Estate has
been sold to Lowes Realty a
firm that has been in busi-
ness in Nassau since 1967.
Geraldine will eventually
retire but for the time being
she is still working hard in
the office to assist with any

“Everything will
continue at
Island Real Estate
the same as it has
since Geraldine
first opened her
doors in 1978,
with the same
warm smiles and
hearty greetings.”



and all requests.”

Message

The message added that
Lowes Realty executives,
husband and wife team,
Derek and Julie Cleare,
would now be working in
Harbour Island from the
Lowes Realty office, while
Alexander Alexiou would
“be spending a lot of time”
there.

“Everything will continue
at Island Real Estate the
same as it has since Geral-
dine first opened her doors

THE TRIBUNE

in 1978, with the same warm
smiles and hearty greetings,”
the message from
Lowes/Island Real Estate
said.

“As the new owners, we
are not going to change the
whole operation - we are
just going to add on some
more services and try and
enhance your experience in
Harbour Island that many
of you have been enjoying
for many years, and we hope
for many more to come.

“We are redoing the web
site, which will now be locat-
ed at www.harbouris-
landrealty.com.

“This is now operational
but [we are] still adding list-
ings to the site.

“One of the many benefits
of the new site is that you
will be able to search and
book homes, look at avail-
ability calendars online.
Owners will be able to log in
and see the activity on their
home, and see any out-
standing bills and black out
dates for their properties.
Renters will be able to log in
and see the status of their
booking, and see their bill
online as well as many other
features.”

Bahamas Oil Refining Company International Limited

Senior Marine Pilot

BORCO, Marine Division are looking to recruit a Senior Marine Pilot to work ina busy
Harbour environment with 4 berths on two jetties in the open sea and one berth in the
harbor. Additionally, BORCO is developing 2 more berths on another jetty in open sea
and another berth in the harbour.

Tut ies:

© Performs duties of a marine pilot
* Ensure safe and efficient navigation and maneuvering of vessels
= Conduct safe movement of vessels from Sea to the berths and / or the anchorage,

Skills amd Experience:

DBA Vopak Terminal Bahamas

Must have seagoing experience in (a) watch keeping (navigational role) asa

navigation officer.

Must have at least 5 years experience as a marine pilot.

Must have good communication skills

Further Requirements:

Must be physically fit hence a medical examination is required
® Be cleared as a senior pilot, an on the job assessment and training will be
conducted along with a number of test voyages will be made.

Revenue Accountant / Financial Analyst

BORO, Finance Division are seeking applications for a Revenue Accountant, Financial
Analyst who is a dynamic, organized self-starter. If vou are looking for a challenging

role, please read on.....

Dhuties:

Prepare invoices for all revenue streams
Maintain records of terminal fees invoiced and payments received
Pursue and collect terminal fees
Prepare and maintain Revenue Budgets, Forecasts and Analysis Reports
Financial Analyst aszigned to assist Cost Managers
Assist with Cash Management and Covenant reporting requirements
Responsible for Central Bank and other Government Reporting

Prepare ad hoe Revenwe Analvsis and other financial reports

Responsible for Revenue and Accounts Receivable general ledger accounts
Investigate unusual variances and take corrective actions

Prepare and post journal entries

Assist a8 needed in all areas of the Finance Department

Job Requirements:

* Undergraduate Degree in Accounting from an accredited four (4) year university or
college and 4 years professional (Accounting) business experience
* Must have strong analytical and communication skills, self motivated and able to work

independently

© Must be proficient in Microsoft Excel, Power Point and Ward

To Apply: Please forward your resume via email to

Heather.Parkerivopak.com

On or before April 24, 2000



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



MONDAY, APRIL 19, 2010, PAGE 7B

$2.67m valuation swing

FROM page 1B

Cardenas’s figures indicate
that the company’s manage-
ment and Board had project-
ed the firm would generate
profits of just $117,066 in fis-
cal 2009. Its final performance
again shows what Bahamian
companies, even in the midst
of recession, can achieve
through focused management
that targets cost containment
— and involves every member
of staff in those efforts.
Looking ahead to the 2010
financial year, which has just
entered its second quarter, Mr
de Cardenas said Bahamas
Waste would “remain focused
on our core businesses, retain-
ing market share and reducing
our operating expenses”.
The company may also
benefit further if the Govern-
ment moves to privatise the
collection of residential
garbage on New Providence,
something it has long
promised. It also remains to
be seen whether Bahamas
Waste will enjoy any spin-offs
from the fact that Cambridge
Project Development Inc, its
key partner in their proposal
to supply the Bahamas Elec-
tricity Corporation (BEC)
with power from a waste-to-
energy plant, is in talks with
the Government to take over

Firm 'wastes' recession by beating
profit forecasts 85 per cent

management of the New
Providence landfill.

Peter Andrews, Bahamas
Waste’s chairman and largest
shareholder, described the
Bahamas Waste/Cambridge
proposal as “a large scale pro-
ject proposing to turn the
stream of municipal solid
waste into electricity, at the
same reducing the waste vol-

ume by 90 per cent...... and
extending the life of the land-
fill by a factor of 10.

“The facility will also recy-
cle significant tonnages of
metals, and is anticipated to
generate carbon credits. The
list of proposers has been nar-
rowed down, and we are on
the short list.”

Continuing the environ-
mentally-friendly theme, Mr
de Cardenas said that despite
encountering “some unex-
pected delays” Bahamas
Waste had started test baling
at its Cardboard Recycling
Facility during the 2009 fourth
quarter. The company had
targeted the 2010 first quarter
end, about now, to “be in full
swing” with this investment.

“We received permission to
proceed with our Biodiesel
project in June [2009], and
have been working diligently
finalizing design, securing the
necessary equipment, work-
ing with the Bahamas Envi-
ronment, Science and Tech-
nology (BEST) Commission
to obtain approval on our
Environmental Impact
Assessment and other regu-
latory requirements,” Mr de
Cardenas added.

“We are very optimistic
that the tendering, awarding
and commencement of the
construction contract will
begin in the second quarter
of 2010, and that we will be
producing our first gallon of
biodiesel early in the third
quarter.” All the biodiesel
that Bahamas Waste pro-
duces will initially be for use
in its own vehicle fleet only.

Bahamas Waste’s manag-
ing director also pledged
“more focus on the sale and
marketing” of the mulch, soil
and compost mix being pro-
duced by Green Systems, the
green waste recycling joint
venture in which it is a 19 per

are Waste Not, Caribbean
Landscaping and New Provi-
dence Development Compa-
ny.

Bahamas Waste’s share of
Green Systems’ 2009 net
income was $12,877, a slight
increase upon the previous
year’s $12,621, indicating that
the latter’s total net profit was
around $67,773.

The carrying value of the
BISX-listed company’s invest-
ment in Green Systems also
increased slightly, from
$143,248 at year-end 2008 to
$156,125 as at December 31,
2009.

Bahamas Waste was not
immune from the recession’s
effects, though, as bad debts
increased by more than 100
per cent, more than doubling
to reach $31,856 at fiscal 2009
year-end compared to $15,159
the year before.

Accounts receivables also
increased from $1.496 million
at year-end 2008 to $1.761
million as at December 31,
2009, but Bahamas Waste
reduced the sums it owed to
others from $397,783 to
$325,687 over the same peri-

drops Fund profits by 95.7%

FROM page 1B

lion in net income for the 12 months to December 31, 2009.

When it came to its debts, the Bahamas Property Fund still
has $13.665 million in long-term borrowings outstanding, split
between two different loans. Some $924,221 is due for repay-
ment currently.



Liabilities

The 2009 increase in the BISX-listed entity’s net debt, stem-
ming from a rise in liabilities to $19.193 million compared to
$16.375 million the year before, resulted in its total gearing ratio
rising slightly to 34.4 per cent, as opposed to 31.6 per cent the
year before.
The accounts confirmed that the Bahamas Property Fund
acquired Providence House, home to the PricewaterhouseC-
oopers (PwC) Bahamas accounting firm, for $3.5 million via the
issuance of 35,000 preference shares valued at $100 each. Some
$350,000 in Stamp Taxes, plus $179,865 in legal and corporate
finance fees, were incurred in association with the deal.

NOTICE

NOTICE is hereby given that HAYWOOD SEYMOUR of

CURTIS STREET, 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 12 day of APRIL, 2010 to the Minister

responsible for nationality and Citizenship, PO. Box



NOTICE

NOTICE is hereby given that MELISSA S. WILLIAMS
of #108 SUNRISE DRIVE, Freeport, Grand Bahama,
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 12‘ day of April, 2010 to the Minister
responsible for nationality and Citizenship, P.O. Box
N-7147, Nassau, Bahamas.

Legal Notice

NOTICE

KESWICK
VENTURES LTD.

(In Voluntary Liquidation)

Notice is hereby given that the above-named
Company is in dissolution, which commenced
on the 15th day of April 2010. The Liquidator is
Argosa Corp. Inc., P.O. Box N-7757 Nassau,
Bahamas.

ARGOSA CORP. INC.
(Liquidator)

Legal Notice

NOTICE
SIVAS INVESTMENTS LTD.

(In Voluntary Liquidation)

Notice is hereby given that the above-named
Company is in dissolution, which commenced
on the 15th day of April 2010. The Liquidator is
Argosa Corp. Inc., P.O. Box N-7757 Nassau,
Bahamas.

ARGOSA CORP. INC.
(Liquidator)

itty Te EE dS

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



cent shareholder. Its partners od. N-7147, Nassau, Bahamas.



Legal Notice

NOTICE

QUABBIN S.A.

(In Voluntary Liquidation)

Re*| DOCTORS HOSPITAL

Health For Life
Notice is hereby given that the above-named
Company is in dissolution, which commenced
on the 15th day of April 2010. The Liquidator is
Argosa Corp. Inc., P.O. Box N-7757 Nassau,
Bahamas.

[VACANT POSITION]

| Coordinator Pharmacy

ARGOSA CORP. INC. ; :
(Liquidator) Qualifications
¢ Experience in a hospital setting is a must.
¢ 7-10 years as a Pharmacist with a minimum
of 5 years in a management position.
Legal Notice * Intermediate to Advance computer skills is a must

N OTI Cc E ¢ Excellent written and oral communication skills

VILLAFRANCA S.A.

(In Voluntary Liquidation)

Excellent customer service skills

Education

* Bachelors Degree in Pharmacy or Science
discipline and license Competence Certificate.
* PharmD is a major plus.

Notice is hereby given that the above-named
Company is in dissolution, which commenced
on the 15th day of April 2010. The Liquidator is
Argosa Corp. Inc., P.O. Box N-7757 Nassau,
Bahamas.

Position Summary

Visionary, pioneering and implementing of new projects
Revenue generation, purchase management

Staff morale/team building

Monitoring of continuing education for the team
Monthly reports/data analysis

Monitoring formulary/formulary changes.

Assisting on-line whenever possible

Salary commensurate with experience
Excellent benefits

Please submit resume to: Human Resources Department
Doctors Hospital | P.O. Box N-3018 | Nassau, Bahamas
or call 302-4618 | Website: www.doctorshosp.com

ARGOSA CORP. INC.
(Liquidator)

FG CAPITAL MARKETS
BROKERAGE & ADVISORY SERVICES

_f3 mT A Te.

ROYAL FIDELITY

Masaty ot Work

BISX LISTED & TRADED SECURITIES AS OF:
THURSDAY, 15 APRIL 2010
BISX ALL SHARE INDEX: CLOSE 1,557.61 | CHG -0.53 | %CHG -0.03 | YTD -7.77 | YTD % -0.50
FINDEX: CLOSE 000.00 | YTD 00.00% | 2009 -12.31%
WWW.BISXBAHAMAS.COM | TELEPHONE:242-323-2330 | FACSIMILE: 242-323-2320
52wk-Low Securit y Previous Close Today's Close Daily Vol. EPS$ Div S$
1.00 AML Foods Limited 1.02 1.02 0.283
9.67 Bahamas Property Fund 10.63 10.63 0.992
5.23 Bank of Bahamas 5.30 5.23 0.598
0.53 Benchmark 0.53 0.53 -0.877
3.15 Bahamas Waste 3.15 3.15 0.168
2.14 Fidelity Bank 2.37 2.37 0.055
9.62 Cable Bahamas 12.20 12.20 1.406
2.69 Colina Holdings 2.72 2.72 0.249
5.00 Commonwealth Bank (S31) 6.00 6.00 0.419
2.21 Consolidated Water BDRs 2.94 2.97
1.32 Doctor's Hospital 2.54 2.54
5.94 Famguard 6.07 6.07
8.75 Finco 9.08 9.08
9.50 FirstCaribbean Bank 10.43 10.43
3.75 Focol (S$) 5.00 5.00
1.00 Focol Class B Preference 1.00 1.00
0.27 Freeport Concrete 0.27 0.27
5.00 ICD Utilities 5.59 5.59
9.95 J. S. Johnson 9.95 9.95 5 250
10.00 Premier Real Estate 10.00 10.00 5
BISX LISTED DEBT SECURITIES - (Bonds trade on a Percentage Pricing b
52wk-Low Security Symbol Last Sale Change Daily Vol.
1000.00 Fidelity Bank Note 17 (Series A) + FBB17 100.00 0.00 7%
1000.00 Fidelity Bank Note 22 (Series B) + FBB22 100.00 0.00 Prime + 1.75%
1000.00 Fidelity Bank Note 13 (Series C) + FBB13 100.00 0.00 7%
1000.00 _ Fidelity Bank Note 15 (Series D) + FBB15 100.00 0.00 Prime + 1.75%
RoyalFidelity Merchant Bank & Trust Ltd. (Over-The-Counter Securities)
52wk-lLow Symbol Bid & Ask & Last Price Daily Val..
7.92 Bahamas Supermarkets 10.06 11.06 14.00
6.00 Caribbean Crossings (Pref) 2.00 6.25 4.00 0.000
0.40 RND Holdings 0.35 0.40 0.55 0.001
CFAL Securities Ltd. (Over-The-Counter Securities)

Change

gooooo9o99°
92000000000
GH666666N66

0.111
0.627
-0.003
0.168
0.678
0.366
0.000
0.035
0.407
0.952
0.156
ases)
52wk-Hi Interest
19 October 2017
19 October 2022
30 May 2013
29 May 2015

EPS $ Div S P/E
-2.945 0.000

0.480

0.000

29.00 ABDAB 30.13 31.59 29.00
0.40 RND Holdings 0.45 0.55 0.55
BISX Listed Mutual Funds
Fund Name NAV
CFAL Bond Fund
CFAL MSI Preferred Fund
1.4467 CFAL Money Market Fund
2.9343 Royal Fidelity Bahamas G & | Fund
12.6816 Royal Fidelity Prime Income Fund
100.5606 CFAL Global Bond Fund
96.4070 CFAL Global Equity Fund
1.0000 FG Financial Preferred Income Fund
1.0000 FG Financial Growth Fund
1.0000
9.1005

4.540
0.002

0.000
0.000

52wk-Low
1.3664
2.8266

NAV 3MTH
1.419947
2.855227
1.504794

NAV 6MTH
1.403783
2.898993
1.489232

YTD% Last 12 Months %
1.4525 0.96 6.30
2.9116 0.85 0.19
1.5254 1.19 5.14
3.2025 2.75 -3.54

13.4986 0.98 5.44

107.5706 3.45 6.97

101.7254 5.52 5.52
1.1034 1.25 5.25
1.0764 0.79 4.37
1.1041 1.23 5.34
9.5795 5.33 5.33

28-Feb-10
28-Feb-10
9-Apr-10
31-Jan-00
-Mar-10
-Mar-10
-Dec-09
-Mar-10
-Mar-10
-Mar-10
31-Dec-09

103.095570
99.417680

101.669300
96.739830

FG Financial Diversified Fund

Royal Fidelity Bah Int'l Investment Fund
Principal Protected TIGRS.

10.0000 Royal Fidelity Bah Int'l Inv:

Principal Protected TIGRS.

Royal Fidelity Int'l Fund - Equities Sub Fund

11.2361 12.36 12.36 31-Dec-09

4.8105 7.6928 -0.31 47.51
MARKET TERMS

YIELD - last 12 month dividends divided by closing price

31-Dec-09

BISX ALL SHARE INDEX - 19 Dec 02 = 1,000.00
Bid $ - Buying price of Golina and Fidelity

Ask $ - Selling price of Goli fid

Last Price - Last traded

Weekly Vol. - Trading volume of the prior week

EPS $ - A company's reported eamings per share for the last 12 mths

NAV - Net Asset Value

N/M - Not Meaningful

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

losing price from day to day
- Number of total shares traded today
DIV $ - Dividends per share paid in the last 12 months
P/E - Closing price divided by the last 12 month eamings
KS) - 4-for-1 Stock Split - Effective Date 8/8/2007
KS1) - S-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

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