Citation
The Tribune.

Material Information

Title:
The Tribune.
Uniform Title:
Tribune. (Nassau, Bahamas).
Added title page title:
Nassau tribune
Place of Publication:
Nassau, Bahamas
Publisher:
Tribune
Publication Date:
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 )
9994850 ( OCLC )

Downloads

This item has the following downloads:


Full Text
Pim blowin’ it

83F
75F

<<. SHOWERS

Volume: 106 No.287

HIGH
LOW



aU



m Lhe Tribune

BAHAMAS EDITION

www.tribune242.com

WEDNESDAY, NOVEMBER 38, 2010

SS
a
aS

BAHAMAS BIGGEST



Drugs mou
li wormntall
anduction

POLICE are investigating reports that a foreign



Ti

ety

La

a



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









woman is missing after being bundled into a car by
three henchmen of convicted drug dealer Lynden
“Dodo” Bethel Sr outside a West Bay Street strip-
club on Monday night.

The matter was said to have been first reported by
the woman’s boyfriend, whose story was later cor-
roborated by other witnesses, however details of
the incident remain sketchy as a formal police report
has yet to be issued.

This comes as senior officers revealed they are
considering providing protection for the five people
arrested in connection with the stabbing death of
Dodo Bethel’s son at a East Bay Street nightclub



MAGIC CITY: The woman was reportedly
abducted outside of this club

SECURITY THWARTS ZNS COPPER WIRING THEFT

By TANEKA THOMPSON
Tribune Staff Reporter
tthompson@tribunemedia.net

installed last week — about
two months after the daylight
theft of 150ft of copper straps
from the site, disrupting ZNS'
national radio station
1540AM.

Carlton Smith, deputy gen-
eral manager of operations
and support at ZNS, said the
guards startled two men who
were spotted at the back of

SEE page eight

SECURITY guards thwart-
ed thieves intent on stealing
copper wiring from ZNS'
South Beach transmission site
yesterday morning, according
to an official at the broad-
casting agency.

The wiring was part of
transmission equipment

BICLIGN Slat Nie eNO

You Can Be Blown
Away By A Hurricane

Or you can rest easy knowing
that you have excellent insurance
coverage no matter which
way the wind blows.

Nobody does it better.

7 | INSURANCE MANAGEMENT

(HAMASAS) LIMITED. INSURANCE EHORERS & AGENTS

per res Grand Bahama Abaco oe | bums

(Rf Tt 0 fe fe 3
Ae



over the Halloween weekend.
According to reports reaching The Tribune, the

SEE page eight

_ LANDOWNER CLAIMS
_ ARAWAK HOMES

| CLEARED PROPERTY
_ WITHOUT WARNING

By MEGAN REYNOLDS
? Tribune Staff Reporter
; Mreynolds@tribunemedia.net

A LANDOWNER

i claims Arawak Homes
: cleared her property with-
? out any warning whatsoev-
i er.

Thelma Johnson said she

? bought six adjacent 100ft by
? 50ft lots of land off Button-
? wood Avenue, bordering
? Sadie Curtis School, in 1993
? and has had no contact with
i Arawak Homes in the 17
i years since.

But on Monday morning,

? tractors rolled in to clear the
? property in the name of
i Arawak Homes, Mrs John-
? son said.

“No trespassing” signs

? were erected by the real
: estate developer, and Mrs
? Johnson’s husband Alvah
i Johnson argued with

SEE page two

EIGHT YEAR SENTENCE: Kevin Hanna outside of court yesterday.

Felipé Major/Tribune staff

Man admits sexual
abuse of young boys

By NATARIO McKENZIE
Tribune Staff Reporter
nmckenzie@tribunemedia.net

A MAN who admitted making four
young brothers perform sex acts on him
was locked up for eight years yesterday.

Kevin Hanna, 37, father of two,
pleaded guilty in July to four counts of
having sexual intercourse with a male,
who is a minor. He admitted to sexually
abusing the four youngsters, two aged
six, one aged five and a two-year-old
between December, 2009 and April 5,
2010.

According to the prosecution, the
boys were often left in Hanna’s care by
their mother.

Prosecutor Anthony Delaney said
Hanna would sometimes offer the boys
—who knew him as “Ippie” — ice-cream

‘FLATBREAD:

BIG,

BOLD TASTE,
BIGGER SIZE.



and get them to perform sex acts on
him. He would warn the boys not to tell
their mother.

According to a statement Hanna gave
police, he admitted to making the boys
perform oral sex on him some 11 times
when he was drunk.

“All I could say is I made a big mis-
take fooling with those little boys. They
treated me as a friend.

“T betrayed their trust and took
advantage of them. I just didn’t have
control over myself. I’m sorry,” Hanna
said.

Romona Seymour, defending, asked
the judge to be lenient as she possibly
could with Hanna. She asked the court
to take into consideration the fact that
he had been forthright with police and

SEE page eight

“y
Quiznos

6 inch

$3.95

Sammie Only





NASSAU AND BAHAMM?

ISLANDS: LEADING NEWSPAPER

Make it a combo for $2



PAGE 4, WEDNESDAY, NOVEMBER 3, 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 1972-199]

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

UK, France ditch rivalry, sign defence deal

LONDON — What would Napoleon
or Lord Nelson make of this? Britain and
France struck a historic defence deal Tues-
day aimed at preserving military muscle
in an age of austerity, pledging to deploy
troops under a single command, share air-
craft carriers and collaborate on once
fiercely guarded nuclear programmes.

The often sceptical neighbours insist an
era of unprecedented cooperation is a prag-
matic fit for two cash-strapped allies,
though many question if the storied ene-
mies of the battles of Agincourt and Trafal-
gar can truly overcome centuries of mutu-
al suspicion.

Following talks in London, British Prime
Minister David Cameron and French Pres-
ident Nicolas Sarkozy said Europe's only
nuclear-armed powers had set out plans
to work closely for the next 50 years —
forming a joint rapid reaction force, sharing
warhead testing facilities and tackling
together the threats from cyber warfare
and the militarisation of space.

Cameron told his Cabinet the deal
would save hundreds of millions of pounds
as Britain seeks to clear its national debts,
while Sarkozy said he believed the pact
will help protect all of Europe.

"This is a decision which is unprece-
dented and it shows a level of trust and
confidence between our two nations that is
unequaled in history," Sarkozy told
reporters, following a summit of key min-
isters from both countries.

Though British and French forces have
fought together on fronts across the globe
— including during both World Wars and
the enemy occupations of France — the
leaders insist the accord will signal the clos-
est integration ever of their armed forces.

Under the deal, Britain and France will
form a joint expeditionary force — a pool
of at least 5,000 troops, including special
forces, able to deploy under a comman-
der from either nation.

They will in the future share their two
aircraft carriers, when Britain's new vessel
comes into service in about a decade. Fight-
er jets will be able to land on carriers from
either country, providing cover when one
nation has its carrier in dock for mainte-
nance.

To slash the hefty costs of maintaining
their nuclear weapons, the nations will
share specialist laboratories at the U.K.
Atomic Weapons Establishment in Alder-
maston, southern England, and a new cen-
tre at Valduc, southeast of Paris.

British officials acknowledged the deal
would involve closer cooperation than ever
before on nuclear weapons, but insisted
they would not divulge nuclear secrets.

"The result will make our citizens safer,
more secure and better protected in the
global age of uncertainty in which we now
live," Cameron said.

The U.S. said the deal would secure the
standing of two major NATO powers. U.S.
Secretary of State Hillary Clinton and
Defence Secretary Robert Gates had both
recently raised concern over the impact of
cuts to European defence budgets.

Last month, Britain announced an 8 per
cent cut to its annual £37 billion ($59 bil-
lion) defence budget over four years and
confirmed that 17,000 troops, a fleet of jets
and an aging aircraft carrier would all be
lost to cuts.

France will hold defence spending at
around 30.2 billion euros ($42.4 billion)
next year, but must also tackle a trouble-
some national debt.

Sceptics claim the pact is little to do with
newfound friendship, but simply a practical
response to budget cuts.

"A closer relationship between France
and Britain is more, I think, out of obliga-
tion than desire," said Fabio Liberti, of
the Institute of International and Strategic
Relations in Paris.

Cultural tensions persist between the
neighbours. Thousands of Britons enjoy
homes in France — and are often blamed
for driving up house prices.

Tens of thousands of French citizens
work in Britain, and are often scorned for
collecting large salaries in London's finan-
cial district.

Stereotypes of snooty "frogs" from
France and the U.K.'s supposed uncouth,
beer-swilling "rosbifs" — roast beefs —
live on.

(This article is by David Stringer
of the Associated Press).



Hall of Fame
missed one of
our greatest
sportsmen

EDITOR, The Tribune.

THE list of Hall of Fame
in Bahamian Sports has
again excluded one of our
greatest sportsmen in the
person of the late Roy
Ambrister.

In the late forties through
the early sixties, Roy
Ambrister held the distinc-
tion of being:

a. Heavy Weight Boxing
Champion of The Bahamas.

b. One of the top sprinters
in The Bahamas.

c. Long Distance Swim-
mer in the annual Swim

LETTERS

letters@tribunemedia.net



Marathon for Prince George
Dock to Montagu.

d. International Cricketer,
who was lauded for his per-
formances locally and in
Jamaica where he very often
represented The Bahamas.
He led the great Police
Cricket Teams of the early
fifties.

e. Played International
Soccer, representing
The Bahamas at home and

overseas.

Ihave been writing about
Roy Ambrister for several
years to attract attention of
those in power to do some-
thing in honour of this great
sports man.

In addition to his ability
in the various sports disci-
pline he was a gentleman

He was my mentor in
sports.

MR. PAUL
THOMPSON
Nassau,

November 1, 2010.

Is government help
best for street vendors
in the long run?

EDITOR, The Tribune.

SUGGESTIONS on how
to reduce the number of
street vendors here on New
Providence were recently
advanced.

They included:

Establishing an open
space where street vendors
can sell their wares.

Having different vendors
sell a variety of products on
different days. Phone cards
one day. Fish the next for
example.

Contracting a private firm
to clean and wash down the
area everyday.

Ensuring regulations are
enforced.

A few questions come to
mind:

Who will provide the
land?

Who will pay for the
cleaning?

Who will enforce the
rules?

Ideas like this might be
well intentioned, but there
are far too many similar gov-
ernment programmes that
have become symbols of
waste and even alleged fraud,
paid for at the expense of the
taxpayers of today and future
generations as a result of the

Worried About Being Left in the Dark?

International Firm

Job Title: Director of Advertising

Summary: Director of Advertising works to
assist in the development and implementation of

Te

corporate positioning and brand strategies to

ensure the delivery of a consistent message and
Responsibility to oversee

image worldwide.

corporate advertising programs and promotions.

Essential Duties and Responsibilities:

Creative thinker experienced in media buying.

Confers regarding budget,

and selection of media.
Works

with creative

background
information, objectives, presentation approaches

staff to

develop

concepts for client programs, catalogs, in-house

competitive advertising, and
proposals and presentations.

new-business

Estimates costs and supervises preparation and
presentation of print, broadcast, multimedia, or

eee

ERO ale fe)
See the Light!

oon

SDMO Generators

government debt incurred
over the years.

Take the existing straw
market for example. How
about the former Jumbey
Village? Don't forget about
the many failed packing
houses, the processing plant
at Potters Cay, or even Pot-
ter's Cay itself?

What about Bahamasair,
BEC, BTC, Bahamas Mort-
gage Corporation, Public
Housing, and the bankrupt
Hotel Corporation?

These were all billed as
imperative and the next great
government solution to some
major problem.

Government is in the
wrong business when it
involves itself in the market
for goods and services. When
schemes like this are pro-
posed and offered for public
consumption, they are sold
as the government helping
people, but they will do no

more than make these addi-
tional people dependents of
the state. And it can't be said
enough; Government has
nothing to give that it doesn't
take from taxpayers first.

If the politicians really
want to help people, why not
personally (not using gov-
ernment power) direct the
street vendors’ effort to form
a business or investment
group and lease property so
they might eventually
become owners?

This will take hard work
and coordination, but what
is in the best interest of the
country in the long run, street
vendors dependent on the
political class or independent
business people who are
owners in the economic sys-
tem?

The Nassau Institute
Nassau,
October 11, 2010

Many devout Christians would
approve cleric’s statement

EDITOR, The Tribune

Re: Insight honoured for series on marital rape. — The Tri-
bune, Insight, October 25, 2010.

It's always encouraging to discover similarities between

different religions.

For instance, many a devout Bahamian Christian would
readily approve the following statement proclaimed recent-
ly by a cleric in London — “Clearly there cannot be any
rape within the marriage.” (Reportedly pronounced by
the cleric Sheikh Maulana Abu Sayeed, president of the

Islamic Sharia Council, U.K.)

Ken. W. Knowles, M.D.
Nassau,
October 28, 2010

ear
a

online compositions for client approval.

Reviews and commissions suitable talent,
illustrations, photography or stock photos, film,

and sound.

If you see this Handsome

young man wish him a

Happy 60th Birthday

We provide atter sale parts and service as well as warranty support.
ble ot be hem tale bel oes]
Sera kan aoa oe <

x obcat
: Bovcat

Retiaw tity

Prepares detailed storyboard of television and
online scripts.

am

Oversee photo sessions or filming.

with love
from family and friends

Versavticr * Pradietivir *

Send Resume to:
Email: advdirhr@ gmail.com

(onnrfard SL, ‘Ubskes Fick!

lelephenc: J28-HG1H, 22H-S619, 328-Ho20 - Pax: 322-6904





THE TRIBUNE

WEDNESDAY, NOVEMBER 3, 2010, PAGE 5



LOCAL NEWS



COB faculty, students
in discussion with
conservationists, US
State Department reps

FACULTY and stu-
dents of the College of
the Bahamas engaged in
a lively roundtable dis-

sustainability with con-
servationists and US
State Department repre-
sentatives.

The event featured
Andrew Sharpless, CEO
of Oceana, the largest
international organisa-
tion focused solely on
ocean conservation;
Kevin Sullivan, director

of the Bureau of Western 5

Hemisphere’s Office of
Economic Policy and
Summit Coordination;
Eric Carey, executive
director of Bahamas
National Trust, and
Lionel Johnson, chair of
Chemistry, Environmen-
tal Life Sciences

(CELLS) who moderated

the session.

The discussion took
place in the board room
of the Michael Eldon
Building on Thursday,
October 15. Both Mr
Sharpless and Mr Sulli-
van were presenters at

the Caribbean Renewable :

Energy Forum (CREF),
held at the Atlantis

Resort on October 15-16.

Mr Sullivan explained
that the Obama adminis-
tration is committed to
making tough decisions
on climate change issues.

He explained that Pres- :
ident Obama’s new policy }
initiative, the Energy and }

Climate Partnership for
the Americas (ECPA), is
designed to help coun-

tries find solutions in cre- }

ating new sources of
energy.

Mr Sharpless discussed
ocean pollution, its

impact on raising sea lev- }

els, and how government

and the private sector can }

collaborate to support
sustainable energy prac-
tices.

F

Polo starting from

Our White Polos
are Periect for the office.
The Fines weaves create the

Synahure Lasker & Lasting Strength .

RESTAURANTS (Bahamas)
Limited, the KFC franchise operator
in New Providence, announced that
the company's management was
encouraged with the outcome of a
meeting with its staff yesterday.

This comes one day after employ-
ees threatened to strike if overdue
pay increases were not agreed upon.

The company said in a statement
that it is “fully aware that for some

time there have been outstanding
grievances on the part of employ-
ees, and continues to make every
attempt to deal with these concerns”.

The company has had various pro-
posals from the Bahamas Hotel
Catering and Allied Workers Union,
the representative of employees at
KFC.

However, because of the linger-
ing economic downturn, the compa-

ny said, KFC has experienced a 30
per cent decline in business over the
last three years.

“All of this was explained very
carefully to team members who were
extremely attentive, and openly
expressed their varying views on the
issues,” the statement said.

Gabriel Sastre, vice president and
general manager of KFC, explained
“that the company listened to what

KFC meets with staff
threatening to strike

cussion on environmental }

team members had to say”.

He went on to explain “that the
compromise which KFC is attempt-
ing to reach will be heavily influ-
enced by some of the sentiments
expressed by team members at the
morning meeting.

“We will continue to discuss these
concerns in good faith, and trust that
soon we will reach an amicable com-
promise,” said Mr Sastre.

US Embassy announces the fifth annual
Dr Martin Luther King Jr Essay Competition

“I have the audacity to
believe that peoples every-
where can have three meals a
day for their bodies, education
and culture for their minds,
and dignity, quality and free-
dom for their spirit.”

-Dr Martin Luther King Jr
- 1964 Nobel Peace Prize
acceptance speech

THE United States
Embassy in Nassau has
announced the details of the
5th annual Dr Martin Luther
King Jr Essay Contest.

The contest is open to high
school students in grades 10
through 12 in public and pri-
vate schools throughout New
Providence and the Family
Islands.

The top winners will



panied by an official entry
form, which is available on
US Embassy’s website and
Facebook page. Essays will
be judged based on originali-
ty, clarity of thought and
organisation, grammar and
spelling.

All submitted essays will
become the property of the
US Embassy and will not be
returned.

Student must incorporate
at least one quotation by Dr
Martin Luther King into their
response, and the embassy
advised that quotations can
be found online at the fol-
lowing sites:

http:/Avww.thekingcenter.org/D
rMLKingJr,
http:/Avww.mlkonline.net/quote
s.html

receive an all expense paid
trip to Atlanta, Georgia the
weekend of January 15, 2011,
where they will tour the Mar-
tin Luther King Centre and
other historic sites from the
civil rights movement.

The purpose of the contest
is to encourage students to
reflect upon Dr King’s life

and work and to think about
how civil rights and diversity
affect their lives. Students are
asked to select a quote from
Dr King and submit one orig-
inal essay of 500 words or less
that answers the following
question: How can I keep Dr
King’s dream alive in my
community by promoting tol-

erance, equality and a just
society?

In order to be considered
for the competition, students
are required to send their
essay submission along with
an official entry form to the
US Embassy on or before
5pm on Wednesday, Decem-
ber 1. Essays may be for-

warded to the US Embassy
by emailing:
MLKessay@state.gov, or fax-
ing 242-328-3495.

All essays must be type-
written, double spaced, with
the applicant’s name on the
top left corner of each page.
All entries must be submit-
ted by e-mail or fax, accom-










oy tr: |
CEL ES
AAO iat)!
Fas

nT ore

EMBROIDME COLLECTION *

ee Es Mie Mit leat ie im

CEmbroiaus.. 121 EAST ST, PH 322-5276





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





PAGE 6, WEDNESDAY, NOVEMBER 3, 2010

THE TRIBUNE



Underground railroad

of Bahamian

By LARRY SMITH

LAST week I took a trip
on the underground railroad
of Bahamian music. Man, I
was walking in Jerusalem
just like John. I saw a num-
ber of signs, and all the
guides remembered quite
well. And sometimes, they
even had fire and brimstone
coming out of their mouth.

We embarked at the
Doongalik station on Vil-
lage Road. Jackson Burn-
side and Charles Carter
were the conductors on a
fascinating journey to exca-
vate the memory of two
great Bahamian musicians —
the idiosyncratic guitarist
Joseph Spence (who would
have been 100 this year) and
the obeah man Tony McKay
(whose first album appeared
40 years ago, when Tough
Call was a yoot-man).

One of the guides on this
trip was 79-year-old Geneva
Pinder. She described her
Uncle Youngie as “the
sweetest man...sitting with
his pipe and singing with my
parents. My grandmother
was a Sunday school teacher
on Andros and we had to
sing from when we were lit-
tle. My mom wasn't that
learned, but she could
rhyme."

Geneva's mother, Edith,
was the sister of Joseph
Spence, who died in 1984.
And it was her rhyming — a
musical form sometimes
described as an ancestor of
rap — that attracted the
American folk artist Jody
Stecher to Nassau in 1965,
where he recorded Spence
and the Pinder family in
their Culmersville yard.

"Edith’s husband, Ray-
mond, sang bass, and their
daughter Geneva sang the

high parts," Stecher wrote
of the encounter some years
later. "Joseph Spence would
sing a part all his own, along
with his unique guitar play-
ing. One song from that ses-
sion, J Bid You Goodnight,
became world-famous not

long after The Real
Bahamas was released in
1966."

A familiar Bahamian
anthem traditionally sung at
the end of a wake, I Bid You
Goodnight, derives from the
19th century English funer-
al hymn, Sleep On Beloved.
A 1960s group called the
Incredible String Band
picked up the song from
Stecher's Bahamian record-
ing, and it went on to
become a folk standard -
most notably performed by
the Grateful Dead.

One of the finest local
performances of this
rhyming anthem was in the
2002 production of Music of
The Bahamas, by Nicolette
Bethel and Philip Burrows,
adapted from Music in The
Bahamas; its Roots, Rhythm
and Personality by Nicolet-
te's late father, Clement
Bethel. The performance is
easily found on YouTube.

Joseph Spence featured
in a couple of earlier historic
recordings. In 1958 the
American blues historian
Sam Charters taped three
hours of Spence's guitar
work that was later issued
on the Folkways’ collection,
Music of the Bahamas. And
in 1935, he was recorded by
that pioneering American

Butler’s Funeral Homes
& Crematorium

Telephone: 393-2822, York & Ernest Sts.
P.O. Box N-712, Nassau, Bahamas

Funeral Service

THEODORE
JOHN MAJOR,
“TV. Joe”,
71

of Faith Avenue
formerly of Berry’s
Long Island, will be
held on Thursday,
04th November, 2010
at 10:00 a.m. at St.
Barnabas Anglican
Church, Baillou Hill

and Wulff Roads. Officiating will be Canon Basil
Tynes and Rev. Fr. Roderick Bain. Cremation will

follow.



folklorist, Alan Lomax, for a
Smithsonian collection
called Deep River of Song.

"Nobody in the world
could play guitar like Uncle
Youngie," Mary Hall,
Spence's grand niece (and
Geneva's daughter), told the
Doongalik crowd. “I
remember those days with
the family singing in the
yard so well. The dog and
the rooster carrying on, the
music...so many good mem-
ories."

Mary's own daughter,
Leisa Hall, is a top accoun-
tant who spent several years
working for private banks in
Switzerland and Sweden.
She acknowledged that
Bahamian music was "one
of the things that helped me
define myself while living
abroad. I found Joseph
Spence albums in Stock-
holm. Hopefully, respect for
him in the Bahamas will
develop over time."

As Charles Carter point-
ed out, "We Bahamians
don't appreciate ourselves.
Spence illuminated the
world by discovering him-
self through his guitar. Over
the years there were four
different sets of recordings,
but no Bahamian has ever
benefitted from them. For-
eign companies own every-
thing. We only enjoy the
echo of his legacy."

Spence was born on
Andros in 1910 and taught
himself to play guitar. From
the age of 16 he was a
sponge fisherman. During
the Second World War he
and his wife, Louise, worked
as migrant farmers on “the
contract", where he was
influenced by a variety of
American folk traditions.

Back in Nassau he
worked in construction by
day and performed at hotels
and on yachts at night. After
The Real Bahamas was
released, his unique style
gained recognition among
international folk artists, and

he gave several US
performances in the
late 1960s and early
1970s. As Charters
noted: "I had never
heard anything like
Spence. His playing
was stunning."
Following a
heart attack in the
mid-1970s Spence
settled into a
sedate life as a
school night
watchman,
although he made
a few more
recordings for the
roots-oriented
Arhoolie label.
His gruff voice
acted as an
accompaniment
to his spectacu-
lar guitar pick-
ing, and he was
sometimes
joined by his wife Louise.

Isaw Joseph Spence per-
form only once, towards the
end of his life - on Clement
Bethel's ZNS TV show. He
died in relative obscurity in
Nassau on March 18, 1984.

KOK OK

Exuma the Obeah Man
had a similar story. Macfar-
lane Gregory Anthony
Mackey was his given name
— given on Cat island when
his mother felt the pain —
but he compressed this to
Tony McKay.

When he was born, the
midwife screamed and
shouted. He had the voice
of many in his throat, but
when Exuma, the Obeah
Man sailed with Charon in
1997, he actually did lay
down and take his rest;
dying in his sleep on a cool
January evening at the age
of 55.

Impresario Ray
Munnings, whose own mon-
ster hit Funky Nassau swept
the world in 1971, recalled
that McKay gave his first
Nassau performance at the
famous Cat & Fiddle night-
club owned by Ray's father,
Freddie Munnings Sr. "He
came with a band of white
gypsies as I called them, but
they played Junkanoo so
well. My dad was a great
influence on Tony, and my
cousin John Munnings



helped
him create his act and was
his manager in New York."
Greenwich Village was a
vibrant incubator of avant
garde culture when McKay
moved to New York in the
1960s to study architecture.
He began performing in
small bars and clubs with a
band called the Islanders and
later formed a seven-person
group that toured and
recorded albums, starting
with Exuma: The Obeah
Man in 1970 and ending
with Rude Boy in 1986.
Ray's own success with
his band The Beginning of
the End meant he was often
in New York, where he
hooked up with McKay and
other expatriate Bahamians
like Cordell Thompson, then
an editor at Jet Magazine
(and now retired in
Rolleville, Exuma following
a long career in tourism).
McKay's apartment at 14th
Street and 5th Avenue was
the scene for many of these
bohemian get-togethers.
"The first time I went
there for a drink he served
me cerasee (a bush tea) and
fried cockeye (sergeant-
major fish) with peas and
rice," Ray recalled. "Well, I
had to go get some liquor
and I don't eat cockeye."
After releasing his initial
albums on Mercury

Sandals Worldwide Representative
“Unique Vacations Limited”

Nassau Offices

Invites applications for the following position:

Jr Cisco Network Administrator

Responsibilities:

¢ Provide Ist and 2nd-tier support for network devices and carrier

circuits

¢ Monitoring of system stability, availability. and performance.

Left to cherish his memories are his wife: Evelyn
Major; one son: Kenny Major; one daughter: Opal
Albury; two grand daughters: Kady Albury and
Kenricka Major; one brother: Holland Allan
Major (Holly); two sisters: Felice Major Cartwright
Watson and Rose Major McPhee; one aunt:
Bernice Sawyer of Miami, Florida; one brother-
in-law: Ernest Cartwright Watson; one sister-in-
law: Val Major; one son-in-law: Keith Albury;
nine nieces: Katherina and Pauline McPhee, Tasha
and Cherlene Major, Tialia Robinson, Chrissy
Bain, Tara Curry, Lashan Sandaire and Cindy
Bethell; three nephews: Kevin and Jeffrey Major
Jr., and Lamount McPhee; numerous cousins
including: the Hon. Frank Watson, Solomon,
Brendon, Harold, Warren and Agatha Watson,
Alice McKenzie, Shirley, Christine, Sidney and
Keith Cartwright, Pamela Wilchombe, Phillip,
Keith, Bradley, Viola and Maria Minnis, Jewel
Bethell, Rayell Neely, Bern and Joseph Watson
and family of Virginia Beach and Uncor Global
Security family; and a host of other relatives and
friends.

Special thanks: to the medical team of Male
Medical Ward #2. PM.H.

Friends may pay their last respects at Butlers’
Funeral Homes & Crematorium, Ernest and York
Streets on Wednesday, November 3rd, 2010, 11:00
a. m. until 4:00 p.m., and at the church on Thursday
from 9:00 a.m., until service time.





¢ Ensuring 24x7x365 operation of internal and client systems.

¢ Provide services to resolve issues in the shortest time possible

¢ Assist in implementing new network technologies and equipment by
working with a team of network engineers.

¢ Perform documentation of procedures and keep them updated.

e Execute change management according to documented procedures.

Qualifications:

¢ Cisco Routers and Switching - CCNA Required. but CCNP Preferred
(NO MICROSOFT)

¢ Bachelor’s degree in a technical discipline, or equivalent work in an IT
related field.

¢ Required: Hands on work experience with Cisco Routers and Switches

e Experience with Carriers (AT&T, Verizon, BT, C&W, etc) preferred

¢ Routing Protocols: OSPF, BGP

¢ Must be familiar with assisting end users describe issues and work to
resolution

¢ Must be able to be on call 24n and be able to assist with problems
when needed

¢ Must be able to travel at least 40% and have a valid passport

Email resume with proof of qualifications and experience to:

hrreport6@ gmail.com





















s + ® { aa

ated ee
bee rt 7} py
ae
aN wy

as
= =
a=

Records,
he signed with the Kama
Sutra label, releasing the
albums Do Wah Nanny
(1971), Snake (1972), Rein-
carnation (1972), and Life
(1973). He released four
more albums in the early
1980s, but none gained
much traction.

"Tony always had prob-
lems with the record com-
panies because he wanted
to keep his music Bahamian
and he wanted to own his
catalogue," Ray said. "I
tried to help him avoid get-
ting manipulated too much
by those American lawyers.
He was a soft and easy going
guy with plenty of love —
except towards the record
companies."

After moving to New
Orleans, McKay performed
regularly at the Jazz and
Heritage festival there.
According to Ray, "Tony
had to play small gigs to sur-
vive while working to fuse
several genres of music
together — Cuban, Reggae,
Junkanoo and more. He had
a lot of unfinished music
business to take care of."

I saw him perform at one
of these gigs — a small bar
at the Paradise Island Hotel,
not long after the release of
Cat Island Man.

Former tourism official
Athama Bowe recalls visit-
ing McKay in hospital after
his first heart attack in New
Orleans. "His skin was coat-
ed with olive oil and candles
were burning all over the
room for the sperrits — he
was mixing modern medi-
cine with obeah.

"Tony was fantastic — he
wanted to develop authentic
Bahamian music and did so
much to sensitise us to what
is ours. There should be a
scholarship in his name, and
a memorial bust."

Health problems led
McKay to cut back on his
performances and devote
more time to painting, his
other great love.

In the last years of his life,
he divided his time between
Miami and Nassau, living in
a little house his mother had
left him on Canaan Lane.
And it was there that his
body was discovered 13
years ago by friends and
neighbours.

"Nothing defines us as
Bahamians," Charles Carter
complained at Doongalik.
"We don't teach Joseph
Spence and Tony McKay.
We don't teach anything
about ourselves, yet I
believe most of our prob-
lems can be solved cultural-
ly. This world-class exhibi-
tion about two icons of
Bahamian culture has suc-
ceeded in creating a dia-
logue about the Bahamian
story."

As Patrice Francis put it
in verse, Where else y'all ga
learn da underground rail-
road of Bahamian music?

What do you think?
Send comments to
larry@tribunemedia.net
Or visit
www.bahamapundit.com

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



THE TRIBUNE

WEDNESDAY, NOVEMBER 3, 2010, PAGE 7



LOCAL NEWS

Governor-General to

make One Bahamas —

Celebration address —
from Freeport

By DENISE MAYCOCK
Tribune Freeport
Reporter

dmaycock@
tribunemedia.net

FREEPORT - Gover-
nor-General Sir Arthur
Foulkes is scheduled to
make his address to the
nation for the One
Bahamas Celebration
from Freeport on Novem-
ber 19.

Sir Arthur will travel to
Grand Bahama with his
wife, Lady Foulkes, for the
flag-raising ceremony.

His address is expected
to be broadcast simulta-
neously all over the coun-
try, said Terrence Gape,
One Bahamas committee
chairman.

“We are very excited
this year about the One
Bahamas celebrations
(because) the Governor-
General has agreed to be
the patron,” Mr Gape
said.

He said One Bahamas
patrons Sir Orville Turn-
quest and Sir Durward
Knowles will also go to
Freeport for the celebra-
tions.

One Bahamas started
in 1992 at a critical time
in the country’s history
when Bahamians had just
come through a very divi-
sive general election.

Then Minister for
Youth Algernon Allen
started a programme
focused mainly on the
school children, but also
directed at adults to cele-
brate oneness, love of
country, the flag, the
national anthem and

national symbols.

One Bahamas has been }
celebrated for the past 18 }

years under the banner,
“One God, One People,
One Bahamas.”

The theme for the 2010 }
celebration is “Love and :

Unity.”

Mr Gape said while the }
committee makes special ;
visits to all the schools, the }
highlight of the celebra- ;
tions is the Flag-Raising :
Day ceremony which is }
conducted by the Royal :
Bahamas Police Force and }
T-shirt Day on November :

“These celebrations }
allow us to focus on one }
common interest we all :
share as Bahamians, the :
national flag and the Coat }

of Arms.

“We use these celebra- }
tions to bring focus to our |
national symbols. You :
know many of us see the }
flag and do not under- }
stand what the colours and :
the triangle stand for, nor }
do we fully comprehend :
the design of the Coat of }

Arms,” he said.

He is encouraging all }
businesses, schools and }
residents to support the }
celebrations and activities |

planned.

A church service is }
scheduled for November }
14. Flags will be erected :
at various roundabouts
and entrances to various }
settlements in celebration ;

of One Bahamas.

An essay competition :
will be held for the prima- }
ry and secondary school }
students, and six laptops ;

will be given as prizes.

Nancy Booth-Kelly is
honoured at alma mater

2010 Montclair
Kimberley
Academy
Distinguished
Alumni Award

NANCY Booth-Kelly,
together with her son Greg
Kelly, recently returned to
her alma mater in Montclair,
New Jersey to be honoured
with the 2010 Montclair
Kimberley Academy Dis-
tinguished Alumni Award
in recognition of her extra-
ordinary legacy of volun-
teerism, philanthropy and
business acumen benefitting
the people of the Bahamas.

Mrs Kelly, a member of
the Kimberley School Class
of 1952, attended a luncheon
in her honour at headmaster
Thomas Nammack's home
before addressing the MKA
Upper School students at a
special assembly.

Students

“Don’t give up,” she
advised the students, “study
hard, believe in yourselves.
Accept disappointments as
learning experiences. Each
and every one of you does
make a difference. Each and
every one of you is appreci-
ated for your individual tal-
ents. So, believe in your-
selves and your self worth.”

The Distinguished Alum-
mi Award is presented by the
MKA Alumni Council in
recognition of, and in appre-
ciation for, outstanding
achievement or distinction
in some field of endeavour,

POSITION AVAILABLE
Sr. IT Specialist
Are you interested in joining the IT department of a leading financial

institution? Through our cutting-edge technology and innovative products,
our firm aims to help its clients thrive.

We are seeking a talented, computer savvy individual to aid support of

the IT environment of our organization.

If you’re passionate about your

craft, have a positive attitude and are keenly interested in developing
new skills then we’d like to hear from you!

This will be a combination of helpdesk, network and application support
and application support work!

* BS/BA Degree or commensurate experience.

Design and deployment of large multi-server Microsoft networks
Thorough understanding of the architecture, components and core
database engine of Oracle 10g/11g and Microsoft SQL

5+ years experience managing database storage, administering users
and security, managing schema objects, database performance
tuning, backup and recovery, patches, upgrades, release migration
Deployment and administration of Active Directory, Microsoft DNS/

DHCP

Installing, maintaining, patching and upgrading servers Microsoft
Windows Server OS up to Windows 2008 and client OS up to
Windows 7. OS patching using WSUS or SCCM 2007.

Setup and maintain network data backup/restore using Symantec
Backup Exec or similar products
Supports and maintain McAfee AV installations and policy or similar

products

Configuring and maintaining Cisco router/routing, switch and related

products

Configuring and maintaining Proxy/Web Filtering and/or related

products

Strong analytical and problem solving skills
« Proven ability to trouble-shoot and resolve performance issues
Knowledge of Information security frameworks i.e. Sarbanes Oxley,
ISO 27001 and 27002 etc.
Previous Helpdesk experience
Providing support (installing local telephone sets, establishing
extensions, etc.) for VolP communications (i.e., PBX telephone) and

voice mail systems

Ideal candidates would also possess the following:
Exposure to and/or experience with SOA

Knowledge of UML

PL/SQL skills

Configuring and maintaining NetApp SAN or similar products
Configuring and maintaining Fortinet Firewalls or similar products
Design and deployment of VMware or Hyper V servers

Strong Project Management Skills

Other Requirements:

« Participate in after-hours network support and preventive maintenance

duties

* Ability to support the IT infrastructure at various sites locally and

overseas

Perform network utilization/assessments/monitoring
Plan, coordinate, and implement network security measures in order
to protect data, software, and hardware

Education/Certification/Experience:
BS or BA degree in Computer Science, Electronics, or Network



RECOGNITION: Nancy Booth-Kelly displays her Distinguished Alumni Award citation with Mont-
clair Kimberley Academy headmaster Thomas Nammack.

or through outstanding char-
acter, dedication or service
to humanity.

The award was officially
bestowed on Mrs Kelly at
MKA's Homecoming
Reunion Dinner, held at the
Montclair Golf Club on Sat-
urday, October 16. Mrs. Kel-
ly told alumni and friends
gathered at the dinner, “it
may be the greatest honour
of my life, the one that is the
most meaningful to me.”

Mrs Kelly's receipt of this
award is just one more ina
long list of accolades that
have included the 2007 Life-
time Achievement Award
from the Bahamas Cham-
ber of Commerce; the 2007
Jones Communication Civil

SOcIETE GENERALE

ae COLINA

Private Bariking

Society Lifetime Achieve-
ment Award; the Gold Busi-
ness Award from the CEE
Global Awards; the 2002
Bahamas Chamber of Com-
merce Businessperson of the
Year Award; and the 1998
Living Legends Award for
Volunteer Work and Civic
Organizations by Zonta
Club of New Providence.

Prestigious

In 2002, she was also
awarded the Rotary Club's
International Paul Harris
Award, and in 2004 she
received the Blue Revue
from Zeta Phi Beta Sorority
and the Leading Women’s
Award by Skills Bahamas.

in association with

°F PICTET 1

In 2007, Mrs Kelly received
the prestigious Governor -
General’s Youth Award (15-
year service), and the Kiwa-
nis Club of New Providence
presented her with its Life-
time Achievement Award.

Mrs Kelly remains an
active member of the Lyford
Cay Foundation and is a
member of the Altar Guild
Board of Christ Church
Cathedral.

She also continues her
work ethic in her dual roles
as president and CEO of
Kelly's Home Centre Limit-
ed, as well as being presi-
dent of Nassau Motor Com-
pany, the Bahamian repre-
sentative for Honda and
General Motors.

RoyalStar
Assurance

THE NASSAU MUSIC SOCIETY

Under the Patronage of

His Excellency Sir Arthur Foulkes
Governor General of The Bahamas

present

| \From. BACH to BRITTEN —

is Friday, November 5, 2010
‘Government House Ballroom
> Nassau, Bahamas

7:30 for 8: 00pm

Sunday, November 7, 2010
St. Paul's Church Hall.
Lyford Cay, Bahamas *. |

5:00 for 5:30pm

Tickets and Reservations :

bic Sia
ay ie

ie BP:

preter mee ular

ere Tite ci

Peet eee Mer

Pte ee em or ee aloe embers Byer

tamer 2 ae

agit acti

ae ee Street le
ht Ke if Seni Sat ira J. a= wie
os Aliens (aah a Le Cay, Tels EE Lt

= ety i Our

s 1 aa
ni he

Seat

ee

a

eed Non- Members ay ee Pat

Engineering is preferred

CCNA, MCSE or equivalent experience required

Formal DBA Training or equivalent experience

Minimum of 3 years experience in a CISCO/Microsoft environment

Interested persons should email an updated copy of their resume to
recruiting.bahamas@ymail.com by December 15", 2010.

Te tiecck CT re ars door Riis mi re Pots availability

Rone :



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



Continuation... GN 1135

COMMONWEALTH OF THE BAHAMAS
THE SUPREME COURT
PROBATE DIVISION

No, 2 RON PRA

Whereas RAQUEL L. WILSON, of the Weatem District, New Providence, ome of
the Islands of the Commonwealth of The Bahamas, the Attomey by Deed of Power of
Atiormey for JON TURNER SIEGRIST and STEPHEN NEWCOMB SIEGRIST, the
Executors and Trustees named in the said will of the deceased hes made application to the
Supreme Court of The Bahamas, for Letters of Administration with the will Amnexed of the Real
and Personal Estate of ANN WEWOOME SIEGRIST HEINEMANN, late of Man-0- War
‘(Cay on the Iskend of Abaco, ane of the Islands of the Commonwealth of the Bahamas

decensed.

Notice is hereby given that such applications will be heard by the said Court at the
expiration of 21 days from the date hereof.

deceased.

(hor) Pepistrar

GN-1128

Government Notice

MINISTRY OF LABOUR & SOCIAL DEVELOPMENT
THE PRICE CONTROL ACT, 1971
CHAPTER 329
THE PRICE CONTROL (GASOLINE & IVESEL (1L)
(AMENDMENT) ( }) REGULATIONS, 2002

Che public ts advised that prices as shown in the Schedube for DTESEL sold by CHEVRON
(TEXACO) BAHAMAS LIMITED will hacoee effective an Tuesday, Pi cove rt baer or yal Ta,

SCHEDULE

THE TRIBUNE

WEDNESDAY, NOVEMBER 3, 2010, PAGE 11



ENM gives response to Opposition
criticism of Parliamentary Registrar

THE FNM has released a state-
ment in response to PLP criticism
last month of Parliamentary Regis-
trar Errol Bethel.

The statement reads:

“The PLP's latest attack on the
integrity of the Parliamentary Reg-
istrar is the latest gimmick by a des-
perate and frustrated party. Despite | —
their attempts to disguise their mas- |
sive incompetence in office and
reckless irresponsibility in Opposi-
tion, the facts speak louder than the
PLP's empty words. te

“Prime Minister Hubert Ingra-
ham stated that he found the PLP's
statement on the Parliamentary
Registrar, “cowardly and unman-
ly”. He noted that though issued in
the name of the PLP, that Opposi-
tion Leader, Perry Christie had to
accept full responsibility for the distortions in
the release.

“The Prime Minister observed that Parlia-
mentary Commissioner Bethel was first
appointed to the Parliamentary Registration
Department under a PLP Administration. Mr.
Bethel held the position of Parliamentary
Commissioner in 1997 when the FNM was re-
elected to office, in 2002 when the PLP was
elected, and remained in the post during the
2007 General Election, when the FNM was
reelected.

“Mr. Ingraham emphasised that the PLP
had no prior objections to Mr. Bethel. He said
that the Leader of the Opposition who rou-
tinely raises matters of interest and concern to
his Party in discussions with him had never
raised any concern about Mr. Bethel. He not-
ed that the PLP had not sought to replace Mr.
Bethel ahead of the 2007 General Election,
which was organized and run on their watch.

“Mr. Ingraham lamented that it was cow-
ardly and unmanly for Mr. Christie to attempt
to shift blame for his inaction, laziness and
failures in office to a dedicated public servant.

“Tt was Mr. Christie who was solely respon-
sible for disregarding and ignoring the consti-
tutional requirements regarding the timely
appointment of the Boundaries Commission.



PARLIAMENTARY
REGISTRAR
Errol Bethel

aries. It was Mr. Christie and the
PLP who were late in presenting the
Commission's Report to Parliament.

“The reality is that in a 15 year
4) period during which three general
elections were held, the only time
that confusion developed with the
Parliamentary Registrar was on Mr.
Christie's watch. Still, the PLP con-
tinue to blame Commissioner Bethel
| for the confusion in the preparation
of the 2007 Parliamentary Register.

“The Prime Minister reminds Mr.
Christie, who should know better,
that the Parliamentary Commission-
er has no ability to influence the tim-
ing of the appointment of the Bound-
aries Committee or the redrawing
of the boundaries or of the Com-
mission's Report to Parliament.

“This was not a single failure by
Mr. Christie and his incompetent
cabinet. It was three strikes against
the integrity of our electoral system.

“The lateness of each of these was in the
control of the hapless and hopeless PLP Gov-
ernment.

“They are solely responsible for the last
minute and chaotic changes rushed into place
just a few short weeks before the Bahamian
electorate went to the polls to exercise their
democratic franchise.

“The Prime Minister is not surprised that
notwithstanding the posturing by the PLP,
that neither the Leader of the Opposition nor
his party hierarchy has ever offered recom-
mendations on updating the registration
process to the Bahamian people.

“The Prime Minister reiterated his confi-
dence in the Commissioner and his staff. He
further stated that the Bahamian Parliamen-
tary electoral process was time honoured and
had served The Bahamas well.

“He did not believe it appropriate for polit-
ical parties to attack the civil servants charged
with overseeing the electoral process. Instead,
he urged bipartisan cooperation in reforming
and ensuring a transparent and smooth
process.

“Finally, the Prime Minister said that if the
PLP believe that they left a clean Parliamen-
tary Register in place in 2007, the FNM would

) MAXIMUM WHOLESALE SELLING
PRICE PER U.S. GALLON

Pe ASCE
RETAIL
SELLING FRICE
PER ILLS,
GALLUS

ARTICLE PLACED

SUPPLIERS' INSTRIBUTORS*
PRICE PRICE

§ 5 5

DALAL!

INCLUDING SE A PREIG

OWEVROS i | 46 TT
BAHAMAS LTD,
Texaco
FARIA.

THAND BAHANLA
(E01 Ls
FREEPORT)

IS CLUDING

CHEVRON
BAILAMAS LTO

| (TEX ACO
FART OD

IMIS,

ABAD, AMIMRCKS, SOT

IN CLUBBING
ELEUTHERA

TEXRACTR
BATLAMLAS LTE
CTEXACIN
FARTE

ALL, (xTHER “oT
| FAMILY ISLANDS

INCLUDING fh A

CHEVEON
BAHAMAS LTD.
(TEXACTH

FERMANENT SECRETARY

@® world school

Temporary Position- Spanish Teacher

St. Andrew’s School, The International School of The Bahamas,
an authorized International Baccalaureate (IB) World School, invites
applications from qualified and experienced Bahamian candidates for
a temporary position as a Spanish teacher in the secondary school, with
effect from 4th January 2011 until June, 2011. Full information
regarding the school may be found at its website: www.st-andrews.com.
Candidates must be qualified teachers who possess the necessary
academic qualifications for this position, including a_ teaching
qualification, and be able to teach to BGCSE level.

Information on the temporary post offered may be obtained from:
Frank Coyle, Head of the secondary school:
Email: Frank. Coyle@st-andrews.com

Fax (1 242) 677 7847 0816

By email or fax only.

Or

Sharon E. Wilson Principal

St. Andrew’s School P.O.Box EE 17340 Nassau
Email: Sharon. Wilson@st-andrews.com

Fax: (1 242) 677 7802 or (1 242) 324 0816

By email or fax only

The closing date for application is 17th November 2010.
Applications from unqualified candidates, applications arriving
without the full information requested, applications from outside
The Commonwealth of The Bahamas or applications received after
this date will not be considered.



“Tt was Mr. Christie and his party who were
late-again in redrawing constituency bound-

Register.”

be happy to hold new elections on the existing

Haiti wants major camp
evacuated ahead of storm

PORT-AU-PRINCE, Haiti

IT WAS the jewel of
Haiti's post-earthquake
recovery: an organized relo-
cation camp with thousands
of tents billed as hurricane-
resistant, lined up in neat
rows on graded mountain
soil, according to Associated
Press.

Now, staring down an
expected hit later this week
from a hurricane, officials
say Corail-Cesselesse is not
safe. On Tuesday, the gov-
ernment advised the esti-
mated 7,850 residents of its
primary relocation camp to
ride out the storm some-
where else.

"We're asking people in
Corail to voluntarily move
from where they are and go
to the houses of family or
friends. The places the gov-
ernment has identified are
churches and schools that
are available for shelter
from the storm," Haiti civil
protection official Abel
Nazaire told The Associat-
ed Press.

Evacuation

Camp managers held a
"loudspeaker meeting" with
megaphones to tell resi-
dents about the evacuation
order, said Bryant Castro,
the American Refugee
Committee staffer manag-
ing the camp. Residents
were told to seek any home
they could find and are
expected to start leaving as
soon as Wednesday.

A hurricane over the
weekend, Tropical Storm
Tomas was in the central
Caribbean on Tuesday with
maximum sustained winds
of 40 mph (65 kph), accord-
ing to the U.S. National
Hurricane Center in Mia-
mi. Its center was about 395
miles (665 kilometers)
south-southwest of Port-au-
Prince and moving west
near 10 mph (17 kph).

Forecasters predicted it
will veer north toward Haiti
and perhaps regain hurri-
cane strength by Thursday.
A hurricane watch was
issued for Jamaica, and the
center said the storm could
dump up to 8 inches (20

Country braced for
expected hurricane hit

centimeters) of rain on
Aruba, Bonaire and Cura-
cao.

Tomas has already killed
at least 14 people and left
seven missing in the east-
ern Caribbean nation of St.
Lucia, where it caused more
than $37 million in damage.
In nearby St. Vincent, the
storm wrecked more than
1,200 homes and caused
nearly $24 million in dam-
ages to crops, especially
bananas — one of St. Vin-
cent's top commodities.

It would be the first big
storm to strike Haiti since
the Jan. 12 earthquake
killed as many as 300,000
people and forced millions
from their homes. It would
also be the first tropical
storm or hurricane to hit
since 2008, when Fay, Gus-
tav, Hanna and Ike bat-
tered Haiti in the space of a
month, killing nearly 800
people and wiping out 15
percent of the economy.

If it follows its predicted
track it could hit every
major Haitian city includ-
ing Port-au-Prince, Les
Cayes, Gonaives and Cap-
Haitien. The U.N. Office
for the Coordination of
Humanitarian Affairs said
rainfall of up to 5 inches (13
centimeters) could cause
catastrophic floods in the
severely deforested coun-
try.

Aid workers are scram-
bling to prepare but are
badly short of supplies
including shelter material
because of the responses
already under way to deal
with the aftermath of the
earthquake and an unprece-
dented cholera outbreak
that has killed more than
330 people and hospitalized
more than 4,700.

A USS. Navy vessel, the
amphibious warship Iwo
Jima, was steaming toward
Haiti on Tuesday to pro-
vide disaster relief.

Some of the biggest con-
cern is for 1.3 million earth-
quake survivors still living

under tarps and tents near-
ly 10 months after the dis-
aster. The government said
there are some shelters in
the capital — a handful
have been built in nearby
Leogane and several hours
north in Gonaives — but
basically people will be on
their own if Tomas hits.

"The government does-
n't have shelters for
1,300,000 people,” Nazaire
said.

An enormous interna-
tional aid effort flowed into
Haiti in the immediate
wake of the quake, but
reconstruction has barely
begun, in part because
donors have not come
through with promised
funds. The United States
has not provided any of the
$1.15 billion in reconstruc-
tion aid it pledged last
March.

Model

When Corail opened in
April, it was portrayed as a
model for how camps could
be built and run. A joint
effort by the Haitian gov-
ernment and international
aid groups, including U.N.
peacekeepers and U.S. mil-
itary engineers, it was billed
as a refuge from dangerous
hillside camps that Haitians
had set up on their own in
the days after the quake.

Corail's residents were
selected from the sponta-
neous camp taken over by
actor Sean Penn's relief
organization, sprawled over
a country club golf course in
the capital. Residents were
told they would be better
off on a distant desert plain
9 miles (15 kilometers)
north of the city, far from
their former homes and
jobs.

"IT signed up. I didn't
know where I was going.
My home was destroyed. I
had nowhere else to go,"
Jonel Romelus, a 36-year-
old mason who moved to
Corail, said Tuesday.

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







Retailer’s
‘aggressive’
Out Island
franchise
planning

* Robin Hood to start
looking for Family Island
retail partners next year

* Government initially
blocked move, but
principal says partnership
driving move, not putting

existing companies out of }

business

* Argues move designed
to give Family Island
consumers product at
Nassau prices, and aimed
at alleviating poverty

By NEIL HARTNELL

Tribune Business Editor

An expanding New Provi- }
dence retailer plans to }
“aggressively start looking for }
franchisees in all the Family }
Islands” next year, having ini- }
tially been blocked by the }
Government, which feared its }
plans would drive local stores }
in those locations out of busi- {

Ness.

Indicating that the Gov- }

SEE page 7B



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

THE TRIBUNE

iSiness

NOVEMBER 3,

WEDNESDAY,

2010

SECTION B e business@tribunemedia.net

Food retailer eyes $2.5m expansion

* Phil’s Food Services latest to get into growth mode, targeting

early 2011 start and adding 50 new jobs

* Company denies involvement in Associated Grocers’ City

Markets bid, but supports move by Ben Frisch

* Hits back at allegations against company’s low prices, saying

Customs knows firm ‘has best record of anybody’

* ‘Amazing 11% support’ from Bahamian consumer

By ALISON LOWE
Business Reporter
alowe@tribunemedia.net

HITTING back at those who he claims
have sought to “destroy” his company’s

reputation, Phil Lightbourne, owner of
Phil’s Food Services, has revealed plans
for a $2.5 million store expansion begin-
ning in January 2011, which will result in

SEE page 7B

ROYAL SFIDELITY

eT

eS






RASS A

(247) 356-9801

FREEPORT

(242) 351-3010

MOIARSH HAR ECHUR
(242) 367-3135

ere hice ts aaa



John Bull obtains Subway franchise

Potential BTC buyer:
Keep free local calls

* Cable & Wireless urges regulator not to force
state-owned incumbent, of which it is seeking to
buy 51%, to ‘further reduce tariffs’

* Slams URCA for using ‘notoriously dangerous
measure’ to determine BTC efficiency

* Warns of foreign currency revenue loss from
cost-oriented solution to international incoming
call settlement rates

* And suggests URCA model in this area could
undermine sustainable competition and generate
‘little added value’ for Bahamian economy

By NEIL HARTNELL
Tribune Business Editor

down to “cost-oriented levels”.

This, it suggested, would ulti-

THE likely new majority own- SEE page 6B
er of the Bahamas Telecommu-
nications Company (BTC) has
urged industry regulators not to
force the company “to further
adjust downwards its tariffs”,
while also advocating that it con-
tinue to provide free local (intra-
island) calls despite charging
rival operators an interconnec-
tion fee.

Cable & Wireless, which
trades as LIME, in its response
to the Utilities Regulation &
Competition Authority’s
(URCA) consultation on BTC’s
draft Reference Access Inter-
connection Offer (RAIO), also
warned against regulatory pro-
posals that would push settle-
ment rates - levied by the state-
owned incumbent on global
operators for terminating inter-
national calls in the Bahamas -

e Invest in International Securities

¢ Diversify your portfolio



ROYAL FIDELITY

Lal mel 4

By ALISON LOWE
Business Reporter
alowe@tribunemedia.net

AS THE fashion side of its business tem-
porarily contracts with the Saturday closure of its
GUESS store, John Bull is expanding its restau-
rant franchise division, having obtained the
Bahamian rights to the Subway franchise.

And the retailer has also seen a “greater than
expected” response from the public to its newest
offering, the 5,000 square foot Party Land store in
the Harbour Bay Shopping Centre, telling Tri-
bune Business that while “luxury retail will always
be the core and, of course, nucleus of our busi-
ness, diversification is key to success in retail”.

Speaking of the Subway franchise deal, Inga
Bowleg, director of business development for
the John Bull Group of Companies, said the firm
expects to hire between six to nine people when
it opens its first Subway location, although she did

ROYAL FIDELITY

rel ite\ ara i Cola. 4

SHED I BRETEK |
re Se

e No premium on investment dollars

ya
Nassau:
Freeport:

ta Bocce!

PPB mel iy
242.351.3010

* Top Bahamian retailer targets
diversification, generating new
jobs with latest food franchise

plus Party Land opening

* GUESS store at Mall at Marathon
closes, due to franchisor’s
changed terms

not reveal where this might be.

Mrs Bowleg said John Bull hopes the Subway
move will help them “enjoy some economies of
scale with the Starbucks business”, for which
they are also the Bahamian franchise holders.

The Subway deal was finalised on August 16,
2010, and the company has not made a commit-
ment as to a minimum number of locations, with

SEE page 6B



Aa MMM LL CL

Learn more at royalfidelity.com

oe ie -

e Attractive international investment returns

¢ Professional fund management

BARBADOS

EC Hee Ct r

LANDLINE | WIRELESS | BROADAND

aa The BTC Enterprise Team works with businesses of all sizes.
Trained to deliver the best products at the best prices -
in a timeframe that matches the pace of your enterprise. Ee

Introducing the BIC Enterprise team. Dedicatec
the right solutions that are unique to your business.

0 providing

ENTERPRISE





THE TRIBUNE

WEDNESDAY, NOVEMBER 3, 2010, PAGE 3B





BISX Share
Index hints
al recovery —

SHARE trading vol-
umes and values on
the Bahamas Interna-
tional Securities
Exchange (BISX)
declined by 25.3 per
cent and 47.9 per cent,
respectively, during
the 2010 third quarter
compared to the same
period the year
before, as its market
capitalisation dropped
below $3 billion to
$2.938 billion.

Releasing its data
for the nine-month
and three-month peri-
ods to end-September
2010, the Bahamian
stock exchange said
that for the third
quarter, some 700,154
shares worth a cumu-
lative $2.963 million
were traded.

“This compares to
the July 1, 2009, to
September 30, 2009,
period, where 937,327
shares traded fora
value of $5.682 mil-
lion. This represents a
decrease of 25.3 per
cent in share volume
traded, and a decrease
of 47.9 per cent in
share value traded in
2010 compared to
2009,” BISX said.

Shares

For the nine months
to September 30,
2010, some 8,780,142
shares traded on
BISX, worth a collec-
tive $96.372 million.
This, though, included
the 5,954,600 shares in
Cable Bahamas,
worth $80 million,
that changed hands as
a result of the Colum-
bus Communications
buyout.

With this stripped
out, some 2,825,542
shares worth a collec-
tive $16.402 million
were traded, com-
pared to the 2,592,95
shares - worth $14.402
million - that traded
during the compara-
tive period in 2009.

BISX’s recovery,
though, continues to
lag international stock
market indices. For
the nine months to
September 30, 2010,
the BISX All-Share
Index dropped by 3.11
per cent, from
1,565.38 to 1,516.77,
whereas the S&P 500,
FTSE 100 and MSCI
Emerging Market
Indexes all rose slight-

ly.
Decrease

However, the BISX
All-Share Index’s
decrease during 2010
to-date compares
favourably to the 12.3
per cent drop suffered
during the same peri-
od in 2009.

And BISX added:
“For the three-month
period from July 1 to
September 30, 2010,
the Index experienced
an increase of 11.96 or
0.8 per cent from
1,504.81 to 1,516.77.”

That indicates that
the Bahamian stock
market appears to
have hit bottom, and
be on the way back
up.

Excluding the Cable
Bahamas deal, the
average daily trading
volume on BISX for
the first nine months
of 2010 was 15,055
shares, giving an aver-
age daily value of
$87,974. April saw the
highest average daily
trading volume and
value with 48,775
shares and $283,409
respectively.

In comparison, the
same nine-month
period in 2009 saw an
average daily trading
volume and value of
13,762 shares and
$75,595 respectively.

Downtown boost via
cruise ship diversion

DOWNTOWN NAS-
SAU businesses seem set
to receive a spending boost
equivalent to hundreds of
thousands of dollars this
week with at least two
major cruise ships being
diverted to the Bahamian
capital as a result of Tropi-
cal Storm Tomas continu-
ing to churn in the southern
Caribbean.

An e-mail sent out to
Bay Street retailers and
businesses by the Down-
town Nassau Partnership
(DNP) yesterday said Roy-
al Caribbean’s Oasis of the
Seas, the world’s largest
cruise ship, was set to call
in Nassau on Friday
between 8am-5pm, with the
Liberty of the Seas also set
to arrive on Sunday,
November 7, for the whole
day.

Gevon Moss, the DNP’s
executive administrator,
told Tribune Business: “I
just got an e-mail from the
cruise representative here
on the island, and they
explained that there were
going to be two more cruise
ships coming in this week
in addition to those already
expected.”

Adding that Oasis of the
Seas was “one of the
biggest ships that come
here”, Mr Moss said he had
no idea of the additional



MINISTER OF TOURISM:
Vincent Vanderpool-Wallace

economic impact and
cruise passenger spending
that would result from the
two vessels’ unexpected
calls on Nassau, as he had
no data on passenger num-
bers.

Mr Moss, though, said
the ships were likely to be
anywhere from 70-90 per
cent full.

Vincent Vanderpool-
Wallace, minister of
tourism and aviation, said
the Government had not
“looked specifically” at the







FAMGUARD

The Board of Directors
of
FamGuard Corporation Limited
is pleased to advise that
the third quarterly dividend
for 2010
of 6 cents per share
has been declared to be paid on
November 17, 2010
to Shareholders of record as at
November 10, 2010

FAMGUARD CORPORATION LIMITED

The parent holding company of

Family Guardian Insurance Company Limited
BahamaHealth Insurance Brokers & Benefit Consultants Limited
FG Insurance Agents & Brokers Limited
FG Capital Markets Limited
FG Financial Limited











s0jgee gears ae

likely economic impact
resulting from the addi-
tional cruise ship calls.
He added that “these
things tend to balance
themselves out”, a refer-
ence to the fact that cruise
ship itineraries to the

Bahamas are also fre-
quently disrupted by tropi-
cal storms.

Still, assuming an aver-
age per capita spend of $80
for each passenger, and giv-
en 6,296 and 4,370 passen-
ger capacities for Oasis of

the Seas and Liberty of the
Seas respectively, even at
70 per cent occupancy, the
combined potential spend
is $597,316 - $352,596 from
Oasis of the Seas passen-
gers, and $244,720 from the
Liberty of the Seas.

Stocks rise on Election Day, tech at 2010 high

NEW YORK

MAJOR stock indexes rose Tuesday as investors
awaited the results of Congressional elections, putting
the Dow Jones industrial average near its highest
point of the year, according to Associated Press.

The Dow Jones industrial average rose more than
60 points. The Dow has now traded above its 2010
closing high of 11,205 four times over the past two
weeks, but failed to close above that level each time.
Eric Thorne, an investment adviser with Bryn Mawr
Trust Wealth Management, said many traders have
been using the end of the day to take short-term
profits. A Republican gain of at least one house of
Congress is most likely already reflected in stock
prices. The slide of the dollar, which fell against the
euro and the yen, helped push stocks higher on Tues-
day as investors bought riskier assets.

Small companies performed especially well. The
Russell 2000, the index that tracks the performance
of smaller corporations, jumped 2 percent to 712.89.
The index is up nearly 14 percent for the year, rough-
ly double the return of the Dow and the broad Stan-
dard and Poor's 500 index.

The Dow rose 64.10, or 0.6 percent, to close at
11,188.72. It reached its closing high of 11,205.03 on
April 26.

The broader Standard & Poor's 500 index rose
9.19, or 0.8 percent, to 1,193.57. The S&P 500, which
is more closely watched than the Dow by profes-
sional investors, is also still below its 2010 high of
1,217.28, reached on April 23.

The technology-focused Nasdaq composite index
reached a new high for the year, as tech titans like
Apple Inc., Microsoft Corp. and Amazon.com Inc. all
gained more than 1.2 percent for the day. The Nasdaq
rose 28.68, or 1.1 percent, to 2,533.52. Its previous
high for the year was 2,530.15, which came in late
April.

Uncertainty over the size of the Federal Reserve's
expected stimulus program due Wednesday has kept
the market from ending with either big gains or loss-
es in recent days.

Traders are waiting for the Federal Reserve to
announce plans to buy bonds to spur spending, a
process known as quantitative easing.

The Fed's purchase of Treasurys hurts the value of
the dollar, which fell 0.7 percent today against an
index of six other currencies.

A weaker dollar, in turn, drives the price of gold,
oil and other commodities higher. Companies tied to
commodities, including Freeport-McMoRan Cop-
per & Gold Inc., ExxonMobil Corp. and Alcoa Inc.,
rose more than | percent.





Senior Client Relationship Manager

Societe Generale Private Banking (Bahamas!
Lid... part of the Saciété Générale Grou, is a
Brivate bank providing a comprehensive

wealth Management service

Saciete Generale Private Banking is currently
hooking to recruit a Senior Client Relationship
Manager. Your primary role will be to
introduce, maintain and grow profitable client
relationships in Latin America Tor Sociere
Generale Private Banking (Bahamas) Ltd and
ensure adherence to legal, regulatory and
iMndusiy standards

You should ideally hold the Chartered
institute of Bankers Diploma or equivalent
professional qualifications, and have at least
5 to 8 years’ international private banking!

marketing/sales experience.

You ¢hould have excellent clieit relarionship

and selling skills, an in-depth knowledge

3G
Private Barking

Sodet Generals Preaie Lar king (Lahurras) Lil

booed aader thet Boek & Teaa Comparect Begala: am

UALIT

f] AUTO DEALER IN THE BAHAMAS © Part of the Automall group
EAST SHIRLEY STREET * 322-3775 * 325-3079

Vill our showrocen of Quality Auto Soles [Freeport] Lid Por airiler dials, Gueeni Hwy, 352-4122
o Absee Melor Mall, Den MecKop Bhd, 367-2914





of investment, trust and banking products
and fueneicy in Spanish is mandadeory .
Some knowledge of Portuguese would be an
asset, and proficient in the use of
Computers. The iicumbent will be required
ta travel on a regular basis ta designated

marketing regeans.

The position offers an attractive salary and
benefits package including, persion and

bonus schemes.

Applications should be submitted ta the
fallawing address, to arrive an or before 12

Hovenber 2000,

Head of Human Resources

Sockete Generale Private Banking (Bahamas)
Ltd

PO Bom

Nassau

fag

Bahamas

u
gales

LIMITED

OS
AN)

AUTO MALL

weew auecon oll bobo. ose

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



PAGE 4B, WEDNESDAY, NOVEMBER 3, 2010

THE TRIBUNE







FRONT ROW: Timothy

by, Steve Mackay

Pe
<<}

cys,

From the earliest days of the
organization, Rotarians were
concerned with promoting high
ethical standards in their
professional lives. One of the
world's most widely printed and
quoted statements of business
ethics is The Four-Way Test,
which was created in 1932 by
Rotarian Herbert J. Taylor. This
24-word Test has been
translated into more than a
hundred languages and
published in thousands of ways.
It asks the following four
questions:

Rules:

J. Children ages 10-16 may enter. Judging will be in two
age categories: 10 - 13 years and 14-16 years for a first
and second place winner in each category.

. Write a essay answering the following subject:

“What does the Four-Way Test mean to me.” Explain
your understanding of the 4-Way Test as it relates to
your life, experiences, and/or society in general.”
Your essay must include the four principles.

. The body of the essay must not exceed 1,000 words.
Adults may assist the child in filling out the entry form,
but not in writing the letter.

. Limit one essay per child. All entries must be received by
the Rotary Club of East Nassau before Nov 30, 2010.

. Only essays accompanied by original entry forms clipped
from the newspaper will be accepted. Photocopy, fax,
carbon or other copies will not be accepted.

. One winner will be chosen from each age category. The
decision of the judges is final.

. Winner must agree to a photo presentation which will
be published in the newspaper.

. Mail essay and completed newspaper clipping to
The Four-Way Test Essay Competition,

Attn: Joanne Smith, The Rotary Club of East Nassau,
P.O. Box N-1299, Nassau, Bahamas

The Tribune

Ply Losce. Ply Piouspacor!



Ingraham, Paula Adderley, Wendy Warren, Kesna Pinder, Tanya Hanna, Linda D'Aguilar, Peter Maynard, La
Roberts. Back Row: Gilbert Schur, Toby Smith, Vikas Chandra, Arthur Seligman, Danya Wallace, Antoine Candiotti, Christina Rolle, Tiffany Nor-
ris-Pilcher and Bruno Roberts. Not pictured are: Curtis Merz, lvylyn Cassar, Julian Martel, Kelly Kerr, Paul Winder, Pedro Delaney, Sonia Bene-

The Four-Way Test

“Of the things we think,

say or do

1. Is it the truth?

2. Is it fair to all
concerned?

3. Will it build goodwill
and better friendships?

4. Will it be beneficial to
all concerned?”



OFFICIAL ENTRY FORM

Child’s Name:

Age:



School:

Address:

P.O. Box:

Email Address:
Parent's Name:
Parent's Signature:

Telephone contact: (H) (W)

All entries become property of the Rotary Club of East Nassau and can be used
and reproduced for any purpose without compensation.

Se Rotary Club of \
PAFAST \\
tne NASSAU

BAHAMAS, Disirici 7020





BFSB elects
new Board

THE Bahamas Financial
Services Board (BFSB)
elected a new Board of
Directors at its Annual Gen-
eral Meeting on September
22, with officers appointed
from among their number
at the first subsequent meet-
ing.

The BFSB’s directors for
2010-2012 are:

Antoine Candiotti, Crédit
Agricole Suisse (Bahamas);
Arthur Seligman, Lennox
Paton; Christina Rolle,
Société Générale Private
Banking (Bahamas), secre-
tary; Curtis Merz, UBS
Trustees (Bahamas); Gilbert
Schur, BSI Trust Corpora-
tion (Bahamas); Julian Mar-
tel, Butterfield Bank
(Bahamas), deputy chair-
man; Kelly Kerr, RBC Trust
Company (Bahamas); Lin-
da Beidler-D' Aguilar, Gra-
ham, Thompson & Co; Paul
Winder, ATC Trustees,
chairman; Peter Maynard,
Peter D. Maynard & Co,
deputy chairman; Steve
Mackay, EFG Bank &
Trust; Tiffany Norris-Pilch-
er, Ernst & Young, treasur-
er; Toby Smith, Butterfield
Bank (Bahamas); and Vikas
Chandra, State Bank of
India.

During its AGM, BFSB
members also agreed for the
following industry associa-
tions to nominate represen-
tatives to serve as directors:

Association of Interna-
tional Banks & Trust Com-
panies in the Bahamas -
Bruno A. Roberts; Bahamas
Association of Compliance
Officers - Kesna Pinder;
Bahamas Association of
Securities Dealers - Ivylyn
Cassar; Bahamas Bar Asso-
ciation - Paula A.L. Adder-
ley; Bahamas Institute of
Chartered Accountants -
Reece Chipman; Bahamas
Insurance Association -

Timothy Ingraham;
Bahamas Real Estate Asso-
ciation - Larry Roberts;
CFA Society of the
Bahamas - Sonia Beneby;
and Society of Trust &
Estate Practitioners - Tanya
Hanna.

Wendy C. Warren serves
on BFSB’s Board as chief
executive and executive
director, as does Danya
Wallace of the Office of the
Attorney General, as the
Government's representa-
tive.

New chairman Paul
Winder said: “BFSB
remains focused on the con-
tinued development of an
environment that is con-
ducive to business, and on
promoting a greater aware-
ness of the Bahamas'
strengths as an international
financial centre.

Economy

“It is recognised that the
Bahamas still is in a period
of transition as the global
economy and the financial
services industry continue to
adjust to a new environment
for doing business."

He added: “Nonetheless,
arising from its long-stand-
ing investment in people,
policies and the environ-
ment, we are confident that
the Bahamas will continue
to be a leader in financial
services and
domiciliation/residency."

Ms Warren said: “This
jurisdiction certainly is com-
mitted to ensuring that
favourable attributes for pri-
vate wealth, locating and
servicing Operational sub-
sidiaries or investment arms,
and making the Bahamas
‘home’ are fully explored
and understood by the own-
ers of capital."

Young realtor
closes $7m sale

A 23 YEAR-OLD Bahami-
an realtor has made the
biggest sale of his career to
date - a seven-unit, beachfront
condo complex in the Love
Beach area valued at $7 mil-
lion.

Ryan Knowles, who has
gone full-time after a three-
year apprenticeship under
Mario Carey, said his sale of
the block of three-bedroom,
two-bath units at Columbus

Cove, a gated community on |

the beach at the western end
of New Providence, reaffirmed
the strength of the high-end
real estate market.
“Columbus Cove is built on
the powdery sand beaches of



Pa Pe

BIGGEST SALE: Ryan Knowles

one of Nassau's last remaining unspoiled oceanfront areas,"
said Mr Knowles. "So the location is extremely desirable.
But considering that activity in the high-end real estate
market has been sluggish over the last two years, Iam very
excited about this sale, not only because of the personal sat-
isfaction of the transaction which took weeks and involved
intense negotiations but, more importantly, because it helps
affirm the strength of the beachfront real estate market in
New Providence."

Knowles’ mentor, Mr Carey, applauded the young agent.
“Ryan has a great attitude and possesses the right skills to be
successful in this industry. He’s an out-of-the-box thinker and
is able to find solutions to any challenge he’s faced with. We
are very pleased with his performance in such a short time
period,” he added.

Mr Knowles is scheduled to sit his appraiser license in the
very near future. He serves as a director and fundraising
chair of the Community Leadership Centre, a non-profit
organisation aimed at empowering youths in low-income
neighbourhoods through education and social change ini-
tiatives, and as a Little League baseball coach.

Knowles is part of the growing Mario Carey Realty team,
which now boasts five agents out of its office on East Bay
Street and, in addition to the luxury market on which it
was founded, has a division, MCR2, specialising in proper-
ties under $500,000.

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.



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





THE TRIBUNE

WEDNESDAY, NOVEMBER 3, 2010, PAGE 5B



AIBT welcomes
its first securities
sector member

The Association of International
Banks & Trust Companies (AIBT)
has welcomed its first new member
from the securities sector, the Accu-
vest Group, having decided to open
membership to such companies for
the first time earlier this year.

Accuvest is a family of companies
dedicated to delivering asset man-
agement, investment strategy, estate
planning and asset protection for
high net worth individuals, families
and institutions, and is licensed by
the Securities Commission of The
Bahamas as a broker/dealer.

AIBT chairman, David Thain,
explained that as the regulatory
infrastructure in the Bahamas has
changed, so has the Association’s
role, and it was no longer valid to

Banks launch key
educational fund

L to R: BFSB chairman Paul Winder; Deputy Prime Minister Brent Symonette; Dominique L. Glinton; and

AIBT chairman David Thain.

compartmentalise ‘Banking’ ‘Trust’
and ‘Securities’ activities, since many
members were engaged in all three.

Mr Thain said all broker/dealers
and security investment advisers
have been contacted and offered
membership, with the initial feed-
back very positive.

The AIBT chairman added that
as the new Securities Industry Act
will impose significant changes to
the regulation of the securities busi-
ness, it would be a prudent time for
smaller institutions to benefit from
the work the Association is already
planning to do for its existing mem-
bers.

Robert Jensen, Accuvest’s man-
aging director, thanked the AIBT
for extending membership.





(L to R): Keith Kelty; D. Sean Nottage; James C. Schaefer; Robert P. Jensen, Accuvest managing director; David Thain, AIBT
chairman; Delarese Basden-Williams; and Giavanna A.G. Harrison.

PEARLE VISION

<> BAHAMAS VISION CENTRE

REGENT CENTRE WEST
Freeport, Grand Bahama
352-25EE(2733) 352-EVES(3937)

HARBOUR BAY SHOPPING CENTRE
Nassau, Wow Providasnce
323-275EE (2733).393-0930

We look forward to continuing to serve you with caring service, stylish
trames and contact lenses.

See Better, Look Better!

at

BAHAMAS VISION CENTRE

THE BAHAMAS PUBLIC
SERVICES UNION

THE Association of Inter-
national Banks and Trust
Companies (AIBT) has
inaugurated its Profession-
al Education prize, which
will be awarded annually to
the BFSB Achiever of the
Year winner.

This is an educational
fund, with a value of up to
$5,000, that will allow the
recipient to undertake a

course of study of his/her
choosing at the Bahamas
Institute of Financial Ser-
vices (BIFS). Dominique
Glinton, office manager with
Glinton, Sweeting and
O'Brien, was the 2010 recip-
ient of the award.

In addition to creating the
Professional Education
Prize, the AIBT has
launched a Language

School, which provides free
classes to staff of member
firms.

It has also partnered with
the Bahamas Association of
Compliance Officers
(BACO) to provide a trav-
elling scholarship that will
allow student attendance at
a major international com-
pliance conference in Mia-
mi.

Client Relationship Manager

Societe Generale Private Banking (Bahamas)
Ltd., part of the Societe Générale Group, is a
Private bank providing 4 comprehensive

wealth management service,

Societe Generale Private Banking is currently
looking to recruit a Client Relationship
Manager. four primary role will be to
introduce, maintain and grow profitable client
relatianshios in Latin America for Societe
Generale Private Banking (Bahamas) Ltd and
ensure adherence to legal, regulatory and

industry standards

You should ideally hold the Chartered
Inétitute of Bankers Diplona of equivalent
professional qualifications, and have at least
3 to 5 years’ international private banking,

marketing sales expenence

You should have excellent client relatianship

and selling skills, an in-depth knowledge

SG
Private Banking

Of investment, trust and banking produces
and fluent knowledge of Spanish, Some
knowledge of Portugues would be an asset,
and proficient in the use of Computers. The
incumbent will be required to travel on a
regular basis to designated marketing

regions.

The position offers an attracthve salary ard
benefits package including, pension and

bonus schemes,

Applications should be submitted to the
following address, to arrive on of before 12
November 2010

Head of Human Resources

Societe Generale Private Banking (Bahamas)
Ltd

PO Box NF PEE

Nassau

Bahamas

ANNOUNCEMENT

The Bahamas Public Services Union (BPSU)
will hold a General Membership Meeting on
Thursday, 4th November 2010 at 6:00 p.m.
at the Union’s Hall, East Street South, off
Soldier Road for all BPSU Medical Plan
members.

Also, a continuation of the 2009/2010 AGM
meeting will follow at 7:30 pm.

The Auditors Reports will be presented.

All members are urged to attend and be on
time.
Refreshments will be served after the
meeting.

ox”

“(SECRETARY GENERAL

—_ ys

Sethe Gorerake Priewan Gankieg Babar) Lod. io

koered uager the Gank) & Trt Comores: legekwines, Arr



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



PAGE 6B, WEDNESDAY, NOVEMBER 3, 2010

THE TRIBUNE



FROM page one

mately lead to a loss of hard cur-
rency revenues for the Bahamas
as “settlement rates trend
towards the termination rate”
for incoming international calls,
and “deliver little added value
to the Bahamian economy” by
removing the incentive for
BTC’s rivals to develop their
own network infrastructure.

And Cable & Wireless
(LIME) also sided with its acqui-
sition target in criticising an 1ni-
tial URCA assessment of BTC’s
efficiency, describing the ‘lines
per employee’ measurement as a
“notoriously dangerous measure
to use”.

Potential buyer

Explaining its rationale for
BTC to continue offering free
local calls, despite charging rival
operators an interconnection fee
to connect calls between their
respective customers, Cable &
Wireless said there were numer-
ous examples of markets where
local call costs were included in
customer access charges - and
“non-zero” interconnection fees
were levied.

“Furthermore, even in mar-
kets characterised by a history
of metered local calls, competi-
tion is forcing retail prices to
move towards unmetered

SALES MANAGER
Position AVAILABLE

Local Company tasks SALES MANAGER tor te Sales Dagarimeent

Position Description

through the introduction of
unlimited packages bundled with
access charges,” Cable & Wire-
less said.

“These markets continue to
have non-zero local intercon-
nection charges. From this it is
clear that in a competitive mar-
ket, consumers increasingly val-
ue a bundle or combination of
services, and there need be no
specific link between the retail
charging mechanism for calls and
the mechanism for local inter-
connection.”

And the regional telecoms
operator, which is in talks with
the Government and its BTC
privatisation committee to
acquire a 51 per cent majority
holding in the state-owned com-

The Sales Manager plays.n integral rie in the Company's operations as thts paren earta ae.one of the linet
pein of Gontsels for the Corepeny's ciel. We ane looking lor a qualified, pourgy professional with &
background in Business wilh etrotg deresiop men! in eales and marketing b6 fil the posting.

The individea! would be resporible for the effective communication with clents the products and senices the
Company has to offer to a broad range of inftemational clients af the major resorts for which the Company
operaieg. To this and, hg Salea Manager's eeaponsiblifics may incluce bul is. nol limited in, sile inspections,
qudlabon aqpeeneal prapardion and mailaining adequate records of dient nlomation

Thi peeson Wl gin be eeeporeitie tor amauring thal all Conpany qudeines, procedures and podces ara
adhered to and will work dosely with executive management! |including the Sales Manager) on execuing he

business shategy and objsriwes.

Qualifications:

« Advanced knowledge of meeting ond even preaches.
» Moderate to advance iinowledga in contract negotiations:
® = Demonstrates abit to handia all scopes of mentings and events, small to large

Strong adcvinisraion shils incuding the abdity to set prociies and organize adminatrates systems

and procedures.

Excepbonal professionalism, control and confidence and the abdity lo communicate effectively al
all levels of the Gompaey and with clients.
Excellent customer serace, interpersonal, oral and wrilien communicalion skills.

Excelleeal anjanizelional problen-solving and neocigion skills, inchidirg the ablity to handle a
Varehy of Sean ments simul lanenuely.
Must be shle ip woe wih lite oversight
Abdity to mork fiasibla hioers, including evenings, weekends and bolidays where sequined
Must be able to frawel a nenessany for sie wits, training and offer prionty meriings.
Stony presenistion stills,

Education:

* Bachelors Degree in related field
* Minimum 5-7 years eapenence in salesimerkeling, meeling and event planning.
* Highly prohickent with M5 office programe

Reaueies ahouk! be lorwanled io oieaakersiatamasiivaos Go tor immediaie rewew aid conmmderalion.



Trade-ins are always welcome

Totally Yours,
Totally Yaris

GP TOYOTA

YARIS

The superbly balanced proportions of the Toyota

Yaris reflect the inherent intelligence of its
design and the spacious comfort that it offers.

Features include: 1.3 litre engine, automatic

transmission, ABS brakes, power steering, air
conditioning, driver's side airbag, and CD player.





mye[e tere Mee een ted ORO Oa melee Lael

EXECUTIVE
MOTORS LTD

AUTHORIZED DATHATSL
AND TOYOTA DEALER

A part of the Automall group

Available ni Grand Bahama af eal Ry Auto Sales |Freaport

Open

Te: 397-1700

InfPeKecuwlivemotors. bs
ww. auiomall bahamas. com



Shirley Street at Church Street aa,
Mon to Fo Sam + 5:Mom LIEN "pda
=

Sal Sam - [ioc

AUTOMAILL

Qemans Hwy, Side 22 # Abaco Motor Mall Don Mackay Bled, 367-2916

pany, for a reported purchase
price of between $200-$230 mil-
lion, also warned that forcing it
to offer free local call intercon-
nection would undermine its
Universal Service Obligation
(USO).

“There is a clear risk in the
Bahamas that the retail prices
for access and local calls do not
cover the substantial costs of
providing these services in a
geography such as the Bahamas,
and requiring BTC to offer intra-
island interconnection would
increase the distortion created
by this mismatch between prices
and costs, to the detriment of
the economic efficiency that lib-
eralisation seeks to bring,” Cable
& Wireless said.

“It would therefore be con-
trary to the interests of the con-
sumer to impose local intercon-
nection rates below the cost of
supplying this service.”:

When it came to URCA’s ini-
tial studies on BTC’s efficiency,
Cable & Wireless said it was
“not sufficient” to select rival
Caribbean islands and the likes
of Malta/the UK Channel
Islands as comparative jurisdic-
tions simply because they, too,
were islands.

“For the costs of terminating
local calls it is the traffic density
that is important, and for inter-
island and transit charges, scale is
by far the dominant factor in
determining average costs,”
Cable & Wireless said.

“For instance, Manhattan is
an island, yet no one would
expect the costs of terminating
traffic within Manhattan to be
at all comparable to those costs
in the Bahamas; the scale and
density of traffic demand would
result in much lower costs in
Manhattan........ :

And BTC’s likely strategic
partner added: “BTC is obliged
to serve many dispersed and
remote local markets across the
islands that it serves, and will
most likely have a traffic density
far lower than in any of URCA’s
comparator markets.

“Indeed, this highlights one
of the major challenges faced by
BTC; maintaining universal ser-
vice across a unique geography.
This uniqueness renders any
such benchmarking largely irrel-
evant, and it should therefore

FROM page one

not be used to justify lowering
BTC’s rates.”

As for the number of tele-
phone lines per employee mea-
surement used by URCA to
determine BTC’s efficiency,
Cable & Wireless blasted: “This
is a notoriously dangerous mea-
sure to use, as the different
degrees of outsourcing used by
different operators renders com-
parison largely meaningless.”

Any over-correction when it
came to BTC’s efficiency could
“undermine BTC’s ability to sus-
tain service, particularly to
remote customers”. And Cable
& Wireless added: “Under pri-
vate ownership, the profit motive
will drive operational efficiency
at BTC, which in turn will feed
into accounting separation costs
and regulated prices.

“BTC needs no additional
stimulus to seek operational effi-
ciency, and the interests of con-
sumers are not served by forcing
reductions to prices below BTC’s
actual costs.”

Elsewhere, Cable & Wireless
agreed that BTC should not
include in its RAIO the ability
for other licensed, Bahamas-
based operators, to terminate
international calls on BT'C’s own
network. Backing URCA’s deci-
sion not to regulate the settle-
ment rates that BTC charged
international operators for ter-
minating their incoming calls to
the Bahamas, since no end-users
here would be impacted, Cable
& Wireless said the revenues
generated “provide a welcome
boost to the Bahamas’ econo-
my” and gave BTC a funding
source for its USO obligations.

Yet BTC’s likely strategic
partner warned that URCA’s
proposals would have the effect
of whittling down settlement
rates to cost-oriented levels, and
Cable & Wireless said: “With
few barriers to entry to becom-
ing an operator licensed in the
Bahamas and competing in the
market for transiting interna-
tional calls to the Bahamas, any
settlement premium to the
domestic termination rate would
be rapidly competed away.”

Breaking down this market
into two - one for the transit of
international incoming calls to
the Bahamas, the other for their
settlement - Cable & Wireless

said there was active competi-
tion in the first, and given its
commercial arrangements with
foreign telecoms operators, “no
market failure” requiring regu-
latory intervention.

Drawing on Jamaica’s liber-
alisation experience, where reg-
ulators imposed cost-based rates
for international incoming ser-
vices, Cable & Wireless said that
by December 2003, settlement
rates for fixed-line calls were
averaging $0.14 - down from
$0.19 in January 2001.

The settlement rates, it said,
trended towards the interna-
tional call termination rate as
new entrants to the Jamaican
market negotiated settlement
rates “at a margin” above the
termination rate.

New operators became “mar-
gin gatherers”, Cable & Wire-
less said, pointing out that in ear-
ly January 2004 when the termi-
nation rate was reduced to $0.01
with the removal of Jamaica’s
Access Deficit Charge (ADC),
the settlement rate dropped to
$0.017.

Arguing that every $0.01 fall
in the settlement rate cost
Jamaica $300,000 per month in
foreign currency revenue
inflows, Cable & Wireless said
that if URCA directed provision
of this service, it should restrict
“cost-based interconnection” to
operators that had invested in
their own network infrastruc-
ture. This would help sustain-
able competition.

“Tf service providers that have
made little or no investment in
infrastructure are able to obtain
access at the same cost-based
rate as network operators, there
will be no incentive for opera-
tors to develop any network of
their own,” Cable & Wireless
warned.

“This will result in competi-
tion in name only - as numerous
service providers effectively
resell the services of network
operators without contributing
to the development of the
telecommunications infrastruc-
ture in the Bahamas.

“This kind of competition will
not be sustainable in the long-
run, and in the absence of regu-
lation, and will deliver little val-
ue-added to the Bahamian econ-
omy.”

Mrs Bowleg saying: “Our commitment is for one
location at a time.”

The Bahamas had two Subway franchises - oper-
ated by Floyd Miller and Wesley Bastian - until ear-
lier this year, when Mr Bastian lost his rights to the
sandwich and salad franchise, and converted some
of the former Subway locations to his own brand,
Bahamas Subs and Salads.

Mr Bastian informed Tribune Business last week
that he is moving the Bahamas Subs and Salads
branch that has been operating out of the former
Subway location on Charlotte Street to Village
Road. This could pave the way for John Bull to re-
open Subway downtown. Meanwhile, the John
Bull-owned GUESS store in the Marathon Mall
closed on October 30. The company determined
that it did not wish to stick with the franchise after
GUESS made new demands of the company,
according to Mrs Bowleg.

“The new business model for a GUESS stand
lone store requires GUESS Los Angeles to either
own the store or enter into a joint venture with
John Bull. John Bull had no interest in continuing
the business in this manner,” said Mrs Bowleg.

The John Bull executive said customers can still
purchase GUESS watches, handbags, fragrances,
sunglasses and accessories in select John Bull stores,
although GUESS brand clothing will no longer
be available.

All the staff from the store were “transferred to
other John Bull locations”, she added.

John Bull

Meanwhile, with the recent opening of Party
Land, Mrs Bowleg said the company hopes to
encourage more Bahamians to shop at home rather
than abroad, the store having come to fruition
after the company obtained feedback from cus-
tomers “expressing that the Bahamas needed a
complete party store offering a large range of
themed items for adults and kids”.

“We felt compelled to take party supplies retail
to another level in the Bahamas. The company
has been selling party supplies at our Business
Center for many years, and saw the expansion
into this business as an excellent opportunity. The
new addition to the Harbour Bay Shopping Centre
provided the perfect location,” said Mrs Bowleg.

Five full-time and two part-time staff are present-
ly employed at the store.

Speaking to John Bull’s decision to expand and
diversify at a time when many other businesses
are consolidating or shutting down, Mrs Bowleg
said: “John Bull was founded in 1929 during the
time of the Great Depression, when other estab-
lishments in that era were either closing down or
not looking to expand. Our decisions to
expand/diversify are based on consumer demands
for new product offerings in various categories.

“We are able to offer luxury at all levels (afford-
able to the luxurious) because we are such a diver-
sified company. Luxury retail remains at the heart
of our operation, (but) forward thinking is the
only way to move ahead in this economy.”

Assistant Financial Controller

Societe Generale Private Banking (Bahamas)
Led., part of the Societe Générale Group, is a
Private bank providing a comprehensive

wealth management service

Societe Generale Private Banking is currently
looking bo PeCcruit an Assistant Financial
Controller, The incumbent will be primarily
responsible for Whe tormely finarecials and
Management reporting of the Trust &
Fiduciary Operations and ta alsa ensure that
Proper accounting procedures and controls

are adhered to.

You must hold a professional qualification
such as: CRA, CA, ACCA designations, and
have a minimum of 3 years Managerial

BX perience,

You should have excellent communication
skills, be able to work to Strict deadlines and
work effectively aathin the team and
corporate framework while being accessible

to colleagues and team members

SOCIETE GENERALE
Private Banking

Sede ke Gereeraée Prat Beating Geer! LE. 6.

breed eaderthe Lack A Trt Companies Eegadations Act

The position offers an attractive salary amd
benefits package including, pensboan and

bonus schemes.

Applications should be submitted to the
following address, to anive on of before 12
November 2010.

Head of Human Resources

Societe Generale Bank (Bvharnas) Led
PO Bow W778

Nassau

Bahamas



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



THE TRIBUNE

WEDNESDAY, NOVEMBER 3, 2010, PAGE 7B



aa | =-
Food retailer eyes $2.5m expansion

FROM page one

at least 50 new jobs at the growing gro-
cery retailer.

Mr Lightbourne, who already
employs 125 people at the Gladstone
Road food store which opened in
December 2009, said the expansion will
involve an increase in the number and
variety of retail lines at Phil’s, with a
special focus on growing their produce
sales in the wake of the Prime
Bahamas/Bahamas Food Services merg-
er. Wholesale liquor will also be intro-
duced.

“We are putting in a massive cooler
and taking the produce market to anoth-
er level. Since Prime Bahamas (recent-
ly absorbed by BFS) shut its doors, the
retail market has gone really weak. We
are going to pick up the slack,” said Mr
Lightbourne.

A former Bahamas Food Services
employee, who spent 30 years at the
food wholesaler, Mr Lightbourne, who
left his post as director of operations in
2009, yesterday hit back at claims that
his low prices stemmed from Customs
Duty or Stamp Tax evasion, or from
any financial backing by Craig Flow-
ers, chief executive of the FML Group
of Companies.

Denying all these allegations, he fur-
ther refuted a rumoured involvement
in Associated Grocers of the Bahamas
- the company which last week signed a
Memorandum of Understanding with
BSL Holdings, the majority sharehold-
er in City Markets, to purchase their 78
per cent stake.

However, the former BFS employ-
ee said that unlike many in the grocery
retailAvholesale business, he “is not cry-
ing about” but, rather, supports, any
movement by BFS into the retail mar-
ket. BFS general manager Don Car-
nine had sought to distance BFS from
the buy out of City Market on Mon-
day, but admitted that it is BFS princi-
pal, Ben Frisch, who is leading the move
to acquire the company.

“T am not a part of it, but I am not
opposed to it. 1am 100 per cent behind
it if they have the financial backing and
expertise. They are the only company
with the expertise, the buying power
and the manpower to take City Mar-
kets to another level. The whole society
is crying about it, but what’s going to
happen otherwise is that in the next
couple of weeks 700 people are going to
be laid off, and you know how many
families that is,” said Mr Lightbourne,
adding that he welcomes greater com-

petition in the Bahamian grocery mar-
ket if it makes other retailers drive down
their prices.

As other retailers try to “figure out
what I am doing”, Mr Lightbourne told
Tribune Business he “has a vision on a
mission”, which is to reduce the cost of
quality foods for the average Bahamian.

Phil’s Food Services has developed a
reputation for its meat packages, which
at just under $100 provide a variety of
meat products such as steaks, burgers
and shrimp in such quantities that they
could reasonably feed a family of four
for a month.

“The only way to make a name in
this industry is to put something togeth-
er that has never been done before. I
put together a package and I came in at
a time when families were hurting.
That’s how I got my name and my buy-
ing power,” said Mr Lightbourne.

Buying in bulk when prices are low-
est, and using ‘loss leaders’ - items sold
at cost or less to draw in customers in
greater volume - is key to Phil’s Food
Services strategy, said the businessman.

“Tf you carry 5,000 items and sell 30 at
cost, will that hurt you? The other 4,000
will make up for whatever you lost
there,” he said.

“T do not buy 100 cases of pork loin

or steaks. I buy 2,0000 or 3,0000 thou-
sand steaks - five or six months’ supply
instead of a week. The American econ-
omy is as bad as anywhere, and there
are so many deals out there you have to
search for it. After being at BFS for so
many years, I came into industry and my
name took me a long way,” said Mr
Lightbourne.

He said some of the same players in
the industry who he believes protested
about his low prices when he opened
now sell the same items for the same

rice.

“I sell chicken leg quarters for 69
cents a pound. Every wholesaler went to
Customs saying it’s impossible for me to
sell it for 69 cents when I first entered
the market, and now they are all selling
it for 69 cents a pound. I buy it when it
goes down to 29 cents to 40 cents per
pound, and land it for 53 to 56 cents
per pound. If you buy it for more than
40 cents you are landing it for 63 cents.
T use it as a draw item,” explained Mr
Lightbourne.

The businessman said that complaints
to the Customs Department from com-
petitors when he first opened his doors
were such that “Customs spent the
whole of the first month I was open at
my place”.

“When they left the could see I had
the best record of anyone,” added Mr
Lightbourne. “Phil’s Food Services owes
Customs zero, and I pay on time.”

Nonetheless, Mr Lightbourne said
the response from the public towards
Phil’s Food Services has been “110 per
cent support”.

“They’ve been amazing,” said the
businessman, claiming that he has sold
300,000 steaks since opening and regu-
larly shifts five 40-foot containers worth
of produce in a week, having seen foot
traffic through the store grow to 20,000
a month of late.

“Each week I think: ‘What will I put
on special for Bahamians this week?’.
Others are saying how can they get an
extra five or ten cents here or there,” he
charged.

But despite his apparent success, Mr
Lightbourne revealed he does not
intend to stay in the business for more
than six years.

“Then I intend to enjoy my life and
see the world. If I walk away with some-
thing, I will have walked away knowing
Thave helped take care of the Bahami-
an people, making sure they all eat well
and that the whole government and
those in the industry make sure they
bring prices down,” he said.



Retailer’s ‘aggressive’ Out Island franchise planning

FROM page one

ernment may not have fully
understood its plans, which
involve partnering with exist-
ing Bahamian retailers rather
than driving them out of busi-
ness, Sandy Schaefer, Robin
Hood’s president, said his goal
was to enable Family Island res-
idents to purchase food and
other goods at the same prices
enjoyed by New Providence
residents, something he
believed would help reduce
poverty and raise living stan-
dards.

“We’re still trying to set up
Robin Hood franchises in the
Family Islands,” Mr Schaefer
told Tribune Business, explain-
ing that the Government had
been reluctant to approve such
a plan, which he had disclosed
last year.

“They felt that if they let
Robin Hood go out there, it
would kill the local business-
es,” he added.

Yet, outlining the basic con-
cept of his proposal, Mr Schae-
fer said: “A lot of people in the
Family Islands are being
exploited by usurious kinds of
practices and freight rates.
We’re looking for franchisees,
not to own our own stores.

“When we aggressively start
pursuing that, we will find local
purveyors to grow with and
convince them to buy goods
cheaper than they are currently
getting.”

By partnering with Robin
Hood and becoming a fran-
chisee, Mr Schaefer said Fami-
ly Island grocery retailers would
be able to source a greater
range of products - and at bet-
ter prices - through himself,
making their stores destination
outlets for their communities
with consumer prices the same
as those found on New Provi-
dence.

“Next year, we will aggres-
sively start looking for fran-
chisees in all the Family Islands
- Exuma, Eleuthera, Andros,”
Mr Schaefer told Tribune Busi-
ness. “There’s a lot of people
on those islands suffering in
poverty, and they will benefit
greatly from reduced costs.”

Tribune Business revealed
last week how Mr Schaefer was
looking at investing a further
$30-$40 million over the next
four years to expand the retail-
er's total Bahamian store port-
folio from the current two to
six.

"We're looking for another
four to five acres to build our
own shopping centre, probably

NOTICE

NOTICE is hereby given that LARISTE LAZARE of HANNA
HILL, EIGHT MILE ROCK, FREEPORT, GRAND BAHAMA 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
27th day of OCTOBER, 2010 to the Minister responsible for
Nationality and Citizenship, P.O.Box N-7147, Freeport, Bahamas.

ae
NAD

Nassau Airport
Geveliopment Company

-140 Airside Chil and ¢-150 Landstde Chl, Stage 2 amd 7

somewhere in the south," Mr
Schaefer said of plans for a
third Robin Hood store in New
Providence. "I think there's a
great market unexplored down
there. I have a couple of
options we're looking at, and
if anyone has land they're look-
ing to sell cheaply, give me a
call.

"Beyond that, we're looking
for a fourth store and then will
consider New Providence total-
ly developed. Our logical next
step will be Abaco over
Freeport, and then we will do
Freeport, all in the next three to
four years."

Asked how much investment
this would involve, Mr Schaefer
told Tribune Business: "If you
look at everything involved -
the cost of acquiring the land,
building the shopping centre,
fixturing it and stocking it,
you're looking at a minimum
for another four locations of
anywhere from $30-$40 mil-
lion."

Some 55-65 contractors and

tradesmen are working fever-
ishly to get Robin Hood's
Prince Charles store ready for a
pre year-end opening, and Mr
Schaefer added: "I would say
that as far as the building is con-
cerned, we're better than 50 per
cent of the way there. We're
actually going to start stocking
the store in the next three-and-
a-half to four weeks."

Apart from the new Robin
Hood store itself, Mr Schaefer
confirmed that he also plans to
construct -beginning in Decem-
ber or the New Year - a $4-$4.5
million, 44,000 square foot, two-
floor shopping centre on the
same four acre property. It will
be located in front of Robin
Hood, closer to the actual road-
way itself.

"I'm sure you're looking in
the hundreds," he said, when
asked about the number of jobs
set to be created by his expan-
sion venture.

"There's hundreds of jobs to
be created within the next 10
months."

NOTICE

INTERNATIONAL BUSINESS COMPANIES ACT
(No 46 of 2000)

TAMORA HOLDINGS LIMITED

IBC N° 133837 B

(In Voluntary Liquidation)

NOTICE is hereby given that in accordance with Section 137(1) (g) of
the International Business Companies Act N’ 46 of 2000, TAMORA
HOLDINGS LIMITED has been dissolved and has been struck off
the Register of Companies with effect from the 9th day of September,

2010.

ROYAL @ FIDELITY

Morey al Werk








































Legal Notice

NOTICE
Naboil Investments Ltd.

(In voluntary Liquidation)

Notice is hereby given that the above-named
Company is in dissolution, which commenced
on the 29th day October, 2010. Creditors having
debts or claims against the above-named Com-
pany are required to send particulars thereof to
the undersigned c/o PO. Box N-10378, Nassau,
Bahamas, on or before 15th December, 2010. In
default thereof they will be excluded from the
benefit of any distribution made by the Liquidator.

Alain Kunz
(Liquidator)

NOTICE

INTERNATIONAL BUSINESS COMPANIES ACT
(No 45 of 2000)

METROWORLD
INVESTMENTS LLC

LIQUIDATOR’S NOTICE

PURSUANT TO SECTION 138 OF
THE INTERNATIONAL BUSINESS COMPANIES ACT

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

Dated the 13th day of October, A.D. 2010.
1 |

i |
# — t —
For ad on behalf of

Redégrn Cofasultants Limited

Liquidatar, |

= FG
cc

CAPITAL MARKETS
BROKERAGE & ADVISORY SERVICES

clic Tcow TT A TT.

BISX LISTED & TRADED SECURITIES AS OF:
TUESDAY, 2 NOVEMBER 2010
BISX ALL SHARE INDEX: CLOSE 1,488.10 | CHG 0.00 | %CHG 0.00 | YTD -77.28 | YTD % -4.94

FINDEX: CLOSE 000.00 |

YTD 00.00% | 2009 -12.31%

WWW ..BISXBAHAMAS.COM | TELEPHONE: 242-323-2330 | FACSIMILE: 242-323-2320

Nasa Airport Deakepmen Company [MAD c plaaseed to
amoonce the selewse of Trader 0-140 Acad ‘Crel and 0-150
Landsade Cral for Stage 2 and of the Lynden Finding Intemational
Aurport Expansion. MAD intends to enter iio one conbact for he
compahnn of Tess wrk packages

The aoope: of work oncluces

+ Earthmmang, drainage ond ublity works both aside and
lancsede

Roadway, parking bol and apron oonsiructon including asphalt

and concrete paainenl

Sag rege: and fighting fier roded mays, pearing lols, aprons aed
fey, and

Installaion of had and sot landside landscapeng and imgaton

The C-18) Arse Chal and 0-15) Lancer Cral Stage 2 ad 4
Tender Documents ell be enceilable for pack ep or elections:
@sinbuton afer 3000 pm, Thursday October 21h, 2070
Aubiddors meating wil be held at 110200 am, Tuesday
Hovember Sth, 2070

Flesse contact Tras Briaiy to regivier at the MAD Prowl fine

Contact TRAC BRISRY

Contracts and Procurement Manager
LPIA Expansion Project

Ph: (222) PO TORRE | Foe fet] AT?
Poll. Bo AP SE279. Masaeu), Bafana
Enea. trac bredrpiiras bs

52wk-Low
1.00
9.67
4.50
0.18
2.84
2.14
9.62
2.36
5.40
1.63
1.60
5.94
Â¥.29.
8.77
3.75
1.00
5.00
9.92
10.00

Previous Close
1.01

10.63

4.90

Securit
"AML Foods Limited
Bahamas Property Fund
Bank of Bahamas
Benchmark
Bahamas Waste
Fidelity Bank
Cable Bahamas
Colina Holdings
Commonwealth Bank ($1)
Consolidated Water BDRs
Doctor's Hospital

0.18
2.84
POF
10.47
2.36
6.50
2.08
1.60
6.07
7.29
9.74
5.46
1.00
5.59
9.92
10.00

Famguard
Finco

FirstCaribbean Bank
Focol (S)

Focol Class B Preference
ICD Utilities

J. S. Johnson

Premier Real Estate

Today's Close

Change
0.00
0.00
0.00

Daily Vol. EPS $
0.150
0.013
0.598
0.877
0.168
0.016
1.227
0.781
0.422
0.111
0.199
-0.003
0.287
0.645
0.366
0.000
0.012
0.971
0.991

Div $
1.01
10.63
4.90
0.18
2.84
2.17
10.47
2.36
6.50
2.08
1.60

0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

6.07
7.29
9.74
5.46
1.00
ao
8.92
10.00

BISX LISTED DEBT SECURITIES - (Bonds trade on a Percentage Pricing basis)

52wk-Hi__52wk-Low
99.46
100.00
100.00
100.00
100.00

Symbol
BAH29
FBB17
FBB22
FBB13
FBB15

Securit
Bahamas Note 6.95 (2029)
Fidelity Bank Note 17 (Series A) +
Fidelity Bank Note 22 (Series B) +
Fidelity Bank Note 13 (Series C) +
Fidelity Bank Note 15 (Series D) +

Last Sale

Change Daily Vol. Interest
0.00 6.95%
0.00 T%
0.00 Prime + 1.75%
0.00 7%
0.00 Prime + 1.75%

99.46
100.00
100.00
100.00
100.00

20 November 2029
19 October 2017
19 October 2022

30 May 2013
29 May 2015

RoyalFidelity Merchant Bank & Trust Ltd. (Over-The-Counter Securities)

S5S2wk-Low Bid $
O17
0.35

Symbol
Bahamas Supermarkets
RND Holdings

Ask $
6.01
0.40

Last Price P/E Yield
14.00

0.55

Daily Vol. EPS $
-2.945

0.001

Div $
0.000
0.000

CFAL Securities Ltd. (OQver-The-Counter Securities)

ABDAB
RND Holdings

30.13
0.45
BISX Listed

NAV
1.5056
2.9187
1.8579.
2.8624
13.5642
114.3684
106.5528
1.1318
1.0969,
1.1320

Fund Name
CFAL Bond Fund

CFAL MSI Preferred Fund

CFAL Money Market Fund

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

CFAL Global Equity Fund

FG Financial Preferred Income Fund

FG Financial Growth Fund

FG Financial Diversified Fund

Royal Fidelity Bah Int'l Investment Fund Principal
Protected TIGRS, Series 1

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

Royal Fidelity Bah Int'l Investment Fund Principal
Protected TIGRS, Series 3

Royal Fidelity Int'l Fund - Equities Sub Fund

1.4076
2.8300
1.4920
2.8522
13.0484
101.6693
99.4177
1.0000
1.0000
1.0000
9.1005
9.6938
10.0000
10.5308
9.1708
9.4372

4.8105 7.8830

31.59 4.540

0.002

0.000
0.55 0.000
Mutual Funds

YTD%
4.65%
1.10%
3.37%
-8.16%
1.47%
9.98%
4.75%
3.85%
2.71%
3.79%

0.55

NAV 3MTH
1.482477
2.919946
1.539989

NAV 6MTH
1.460225
2.811577
1.524278

Last 12 Months %
6.96%
3.13%
4.42%
-7.49%
2.95%
12.49%
7.18%
8.22%
6.44%
5.71%

30-Sep-10
30-Sep-10
30-Sep-10
31-Aug-10
30-Sep-10
109.392860 30-Jun-10
100.779540

107.570619
105.776543 30-Sep-10
30-Sep-10
30-Sep-10
30-Sep-10
3.77%

5.71% 30-Sep-10

-2.23% 4.10% 30-Sep-10

-5.63%
2.15%

-5.63%
6.29%

31-Aug-10
30-Sep-10

MARKET TERMS

BISX ALL SHARE INDEX - 19 Dec 02 = 1,000.00
52wk-Hi - Highest closing price in last 52 weeks

52wk-Low - Lowest closing price in last 52 weeks

Previous Close - Previous day's weighted price for daily volume
Today's Close - Current day's weighted price for daily volume
Change - Change in closing price from day to day

Daily Vol. - 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 earnings

KS) - 4-for-1 Stock Split - Effective Date 8/8/2007

($1) - 3-for-1 Stock Split - Effective Date 7/11/2007

Bid $

N/M -



YIELD - last 12 month dividends divided by closing price

- Buying price of Colina and Fidelity

Ask $ - Selling price of Colina and fidelity

Last Price - Last traded over-the-counter price

Weekly Vol. - Trading volume of the prior week

EPS $ - A company’s reported earnings per share for the last 12 mths
NAV -

Net Asset Value
Not Meaningful

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

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

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





WEDNESDAY, NOVEMBER 3,

2010



PAGES 15 &14 ¢ International sports news



RED TTT City
WTEC
Co SA
aT

By RENALDO
DORSETT

Sports Reporter
rdorsett@tribunemedia.net

THE ICC has
announced the final
squads for the eight-team
Pepsi ICC World Cricket
League Division § tourna-
ment which is scheduled
to be played November 6-
12 in Kuwait.

Teams from Suriname,
Vanuatu, Bhutan, Gibral-
tar, Germany, Zambia and
the Bahamas are expect-
ed to join host Kuwait for
the first ever WCL Div. 8.
The top two sides at WCL
Div. 8 will win promotion
to the WCL Div. 7 to be
staged in Botswana in May
next year.

As the international
profile of our national
cricket programme con-
tinues to grow, the
Bahamas is preparing to
face arguably its toughest
test yet in the month
ahead.

Members’ of the
Bahamas men's senior
national cricket team gear-
ing up for the challenge to
compete at the Pepsi
International Cricket
Council's World Cricket
League Division Eight are:
Gregory Taylor, Marc
Taylor, Jonathan Barry,
Gerron Dean, Jermaine
Adderley, Mario Ford,
Dereck Gittens Jr, Robert
Ford, Ashmeid Allie,
Shanaka Perera, Julio
Jemison, Dwight Weakley,
Gregory Irvin and Naren-
dra Ekanayake.

The Bahamas will have
to finish in the top two to
be promoted into Pepsi
ICC World Cricket
League Division Seven,
which is scheduled to take
place in Botswana in May
next year. Teams that have
already qualified for that
tournament are the host
country Botswana, Japan,
Nigeria and Norway.

The matches will be
hosted on four match
grounds in Kuwait,
Hubara, Unity, KEC and
Sulaibiya.

This particular event
will feature eight sides,
whereas other ICC events
traditionally hosted six
teams in the World Crick-
et Leagues and thus the
tournament is being
played in a format with
two groups of four.

In the group stages, each
team will be assessed two
points for a win, one point
for a tie and will receive
no score for a loss.

The sixth day of the
tournament will feature
playoffs between the
groups after the final
group standings have been
completed. The Division
Eight finals and position
playoffs will conclude the
tournament on its final
day.

The senior national
team will travel early to
Kuwait to familiarize itself
with the surroundings and
participate in a few exhi-
bition matches before the
tournament gets under-
way.





UP CLOSE & PERSONAL: Nicole Avant

Colts top
Texans, take
charge in

AFC South...
See page 14

Magnum 3rd overall pick
in NBA D-League draft

By RENALDO DORSETT
Sports Reporter
rdorsett@tribunemedia.net

he emotional

highs and lows

continue for

Magnum Rolle

on his path
towards being on an NBA
roster.

Rolle was the third overall
pick in Monday night's NBA-
Developmental League draft
when he was selected by the
Maine Red Claws, the NBA's
affiliate of the Boston Celtics
and Charlotte Bobcats.

Just a week ago, Rolle was
expected to be a member of
the opening night roster for
the Indiana Pacers, but was
released a day before the
NBA opened its regular sea-
son and two days before the
Pacers were scheduled to
debut its 2010-11 roster.

Although affiliated with the
Boston Celtics and Charlotte

Four

By BRENT STUBBS
Senior Sports Reporter
bstubbs@tribunemedia.net

FREEDOM Academy, Mt
Carmel, Temple Christian
and Carlton Francis emerged
as the four playoff teams in
the girls’ segment of the Tem-
ple Christian Academy’s first
Elementary Basketball Tour-
nament.

Yesterday at the Temple
Christian Academy Audito-
rium, Freedom Academy fin-
ished undefeated at 3-0 with a
13-3 win over St Anne’s Blue-
waves to lead Pool A, while
Mt Carmel stunned Yellow
Elder 13-8 for second place.

In Pool B, Temple Christ-
ian pulled off a pair of routs
with an 18-2 decision over
Carlton Francis and a 17-2
spanking of Centreville to
post a 3-0 record. Carlton
Francis came back and
shutout St John’s 2-0 for sec-
ond place.

“The girls’ play is finished.
The competition is now start-
ing to stiffen up as we head
into the playoffs,” said tour-
nament director Keno
Demeritte. “All teams are
getting primed, so we are
going to get to see some more
challenging games for the
playoffs.”

The four teams will have to
wait until Friday when Free-
dom Academy cross over and
play Carlton Francis and Mt
Carmel take on Temple
Christian.

What is interesting to note
is that Sherman Smith coach-
es both Freedom Academy
and Carlton Francis, which
makes one wonder which
team he will lean more
towards winning to secure
their berth into Friday’s
championship.

“This is the second tourna-
ment that I coached both
Freedom Academy and Carl-
ton Francis into the playoffs,”
Smith said. “It’s going to be
fun because I know both

the Bahamas, her work and keen
interest in the world of sports.

“J interviewed her and she is going
to tell the Bahamian people about
how she grew up in California and
she will talk about her lifestyle,



DRAFTED: Magnum Rolle was
the third overall pick in Monday
night’s NBA D-League draft.

Bobcats, players in the D-
League are essentially free to
sign with any NBA team
should the opportunity arise.

Rolle will join current Red

teams are capable of beating
each other.”

While the girls’ playoffs
have been set, the 13 teams
will begin play today in three
pools in the boys segment.
They will wrap up play Thurs-
day before their playoffs set
for Friday.

Here’s a summary of the
gitls’ games played yesterday:

Temple Christian 18,

Carlton E Francis 2

It appeared that Temple
Christian’s swamping defence
was going to shutout Carlton
E Francis. But after falling
behind 14-0 at the half, Carl-
ton E Francis managed to get
on the scoreboard in the sec-
ond half.

By then, the damage had
already been done as Temple
Christian cruised to their sec-
ond victory behind China
Curry’s six and the four
apiece from Tiffany Hanna
and Dashae Stubbs.

St John’s 5, Centreville 4

Just when St John’s needed
a lift, they got it from their
opponents when a player
from Centreville scored in St
John’s basket to seal the deal.

St John’s got two points
from J Callendar and J Camp-
bell was credited with the
errant basket to go along with
her free throw in the win.

Mt Carmel 13,

Yellow Elder 8

They played a real defen-
sive battle in the first half as
Mt Carmel held onto a 4-3
advantage. But in the second
half, Mt Carmel surged ahead
8-5 and Yellow Elder blew a
couple of trips to the free
throw line. That enabled Mr
Carmel to preserve the win.

In a balanced scoring
attack, R Elezerir and D
Christopher both scored four
and A Sherman added three,
while D Saintelies chipped in
with two. Yellow Elder got

said.

ety.”

which saw her journey around the
world in the field of music,” Mackey

“She told me that she eventually
got into a mentoring programme
where she was helping young girls.
She feels it’s so essential for young
girls to develop their self-esteem
before they become mothers. It’s
also important for them to get an
education because once they get an
education, they can be set up for life
to do some positive things in soci-

Appointed by US President

Claws players Paul Harris,
Tiny Gallon and Mario West
in an attempt to lead the team
back into playoff form.

As one of the final three
players cut, the Pacers had
the option to have Rolle
assigned to their affiliate, the
Fort Wayne Mad Antz, how-
ever, chose not to do so leav-
ing the door open for the Red
Claws to make the selection.

Both players selected ahead
of Rolle, the 611" 230-pound
forward out of Louisiana
Tech, have experienced brief
stints with NBA clubs in
recent years.

Nick Fazekas was taken
with the first pick in the draft
by the Reno Bighorns, while
Alan Anderson was selected
second overall by the New
Mexico Thunderbirds.

Fazekas was a star in the
NCAA, a two-time All-
American at Nevada, Reno,
was drafted in the second
round of the 2007 NBA draft

by the Dallas Mavericks. He
appeared in 26 NBA games
with the Mavericks and the
Los Angeles Clippers during
the 2007-08 season.

Anderson, a former star at
Michigan State, appeared in
53 games with the Charlotte
Bobcats form 2005-07.

Other notable first-round
selections include former
NBA Draft picks Robert
Vaden (the 54th pick by the
Charlotte Bobcats in 2009),
Cheikh Samb (the 51st selec-
tion by the Los Angeles Lak-
ers in 2006 and Salim
Stoudamire (31st overall),
selection of the Atlanta
Hawks in the 2005 NBA
Draft.

The Texas Legends select-
ed veteran guard Antonio
Daniels, with the 13th pick of
the second round .

Daniels, a surprising D-
League entrant, was the
fourth pick in the 1997 NBA
Draft, and averaged 7.6 points

in playotts

five from D Lubien and two
from Tavante Roker.

Freedom Academy 13,

St Anne’s 3

After falling behind 6-0 at
the half and 11-0 early in the
second period, St Anne’s
avoided getting shutout for
the third straight game.

Thanks to a free throw
from Breadawn Smith, St
Anne’s finally got on the
scoreboard and they went on
to cut the deficit to 11-3 as
Beyonce Scott canned a
jumper.

Freedom Academy, who
came out with a twin tower,
rallied once again on Cally
Australe as she pumped in all
of their points for the second
time in three games. “They
played much better and they

Barack Obama and sworn in by for-
mer president Hillary Clinton, Mack-
ey said Avant was delighted when
she came here. Former Governor
General Arthur Hanna accepted her
letter of credence.

Arrival

Since her arrival, Avant has
engaged her services in the Willa-
mae Pratt School for Girls and the
Woodstock Elementary School
where she and her staff have been
assisting the young girls.



had much more confidence,”
said St Anne’s coach Whit-
tington Brown about
rebounding from the two pre-
vious shutouts on day one.
“We didn’t really have a
chance to practice, but they
played much better. I think if
they had a little more time,
they would play even better.”

Temple Christian 17,

Centreville 2

They were too aggressive
in the first half, surging to a
13-0 lead. But after the break,
Centreville managed to score
their only basket to start the
second. That seemed to have
sparked Temple Christian as
they tightened up their
defence and they ran different
line-ups to hold on for the
win.

and 3.4 assists in 868 NBA
games.

Rolle's selection marks the
third consecutive year that a
Bahamian was taken in the
D-League Draft.

Bennet Davis was selected
41st in the 2008 NBA D-
League draft by the Utah
Flash. In two seasons, he aver-
aged 13.7 points and 7.7
rebounds while shooting 41
per cent from the field.

His most notable D-League
achievement came when he
was named to the NBA D-
League's Select team which
competed against some of the
league's best rookies and
young talent at the 2010 Las
Vegas Summer League.

Mitchell Johnson was
selected with the 80th over-
all pick in the fifth round by
the Tulsa 66ers. After a brief
stint in the D-League, John-
son moved on to play profes-
sionally in Mexico while
Davis now plays in Hungary.

SPORTS
le

TENNIS

LUNN ELIMINATED

JUSTIN Lunn lost in the
second round of the F29
futures in Niceville, Flori-
da, this past weekend.

Coach Greg Russell said
that after a gruelling two
and-a-half hours with prac-
tically every game going to
deuce and add with one
service break each set,
Lunn was defeated by
Mark Oljaca of the USA
3-6 3-6. Lunn is slated to
head to Pensacola this
week for the F30 futures.



SOFTBALL

EXUMA CHURCH
LEAGUE

ACTION in the Exuma
Church League continued
on Saturday with the fol-
lowing results posted: Soul
Winner's Gospel blanked
Church of God of The Fer-
ry 7-0; Mt Carmel def. St
Margret Stuart Manor 5-
3; Church of Prophecy def.
St Peter’s 9-6; Palestine
def. Gilead 11-9.

T Hanna led the attack with
eight, China Curry had five
and both A Pinder and S La
added two.

Carlton Francis 2,

St John’s 0

The final game of the day
came down to a defensive bat-
tle as both teams were held
scoreless in the first half. It
wasn’t until mid-way in the
second half that Tanea Bow-
leg canned the only basket on
a jumper after one of their
players almost scored in St
John’s rim. “This is their first
year playing, so we are just
building the programme,”
said St John’s coach Tamica
Rigby. “They were a bit jit-
tery at the beginning, but with
a little more practice, I know
they will get better.”

Special edition of Best of Sports World TV show tonight

A SPECIAL edition of the Best of
Sports World TV show is expected
to be aired 8:30pm tonight when
commentator Carlos Mackey hosts
American Ambassador Nicole
Avant. And it is slated to be
rebroadcasted 6pm Saturday.

In the show, Mackey will talk to
the American on her appointment in

“She said she has some other
things on the drawing board that she
will reveal as soon as they are imple-
mented,” Mackey said.

As a close and personal friend of
Ervin ‘Magic’ Johnson, Mackey said
he learnt in the pre-taping of the
show that Avant is a huge sports

fanatic and she will provide her own

views on a number of local and inter-
national issues.

Mackey said he enjoyed inter-
viewing Avant and he’s confident
that the public will be quite enter-
tained.

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





Full Text

PAGE 1

N N A A S S S S A A U U A A N N D D B B A A H H A A M M A A I I S S L L A A N N D D S S L L E E A A D D I I N N G G N N E E W W S S P P A A P P E E R R C M Y K C M Y K V olume: 106 No.287WEDNESDAY, NOVEMBER 3, 2010 PRICE 75 (Abaco and Grand Bahama $1.25 WEATHER SUNAND SHOWERS HIGH 83F LOW 75F F E A T U R E S SEE THEARTS SECTION S P O R T S Back to the runway SEEPAGETWELVE P OLICE are investigating reports that a foreign w oman is missing after being bundled into a car by three henchmen of convicted drug dealer Lynden Dodo Bethel Sr outside a West Bay Street strip-c lub on Monday night. The matter was said to have been first reported by the womans boyfriend, whose story was later cor-r oborated by other witnesses, however details of t he incident remain sketchy as a formal police report has yet to be issued. This comes as senior officers revealed they are c onsidering providing protection for the five people arrested in connection with the stabbing death of Dodo Bethels son at a East Bay Street nightclubo ver the Halloween weekend. According to reports reaching The Tribune, the The Tribune THEPEOPLESPAPER BIGGESTANDBEST BAHAMASEDITION McCOMBO OF THE DAY N E W www.tribune242.com By NATARIO McKENZIE Tribune Staff Reporter nmckenzie@tribunemedia.net A MAN who admitted making four young brothers perform sex acts on him was locked up for eight years yesterday. Kevin Hanna, 37, father of two, pleaded guilty in July to four counts of having sexual intercourse with a male, who is a minor. He admitted to sexually abusing the four youngsters, two aged six, one aged five and a two-year-old between December, 2009 and April 5, 2010. According to the prosecution, the boys were often left in Hannas care by their mother. Prosecutor Anthony Delaney said Hanna would sometimes offer the boys who knew him as Ippie ice-cream and get them to perform sex acts on him. He would warn the boys not to tell their mother. According to a statement Hanna gave police, he admitted to making the boys perform oral sex on him some 11 times when he was drunk. All I could say is I made a big mis take fooling with those little boys. They treated me as a friend. I betrayed their trust and took advantage of them. I just didnt have control over myself. Im sorry, Hanna said. Romona Seymour, defending, asked the judge to be lenient as she possibly could with Hanna. She asked the court to take into consideration the fact that he had been forthright with police and Drugs mob in woman abduction INCIDENT OUTSIDEOFSTRIP-CLUB By MEGAN REYNOLDS Tribune Staff Reporter mreynolds@tribunemedia.net A LANDOWNER claims Arawak Homes cleared her property without any warning whatsoev er. Thelma Johnson said she bought six adjacent 100ft by 50ft lots of land off Buttonwood Avenue, bordering Sadie Curtis School, in 1993 and has had no contact with Arawak Homes in the 17 years since. But on Monday morning, tractors rolled in to clear the property in the name of Arawak Homes, Mrs Johnson said. No trespassing signs were erected by the real estate developer, and Mrs Johnsons husband Alvah Johnson argued with SEE page eight L ANDOWNER CL AIMS ARAWAK HOMES CLEARED PROPERTY WITHOUT WARNING By TANEKA THOMPSON Tribune Staff Reporter tthompson@tribunemedia.net SECURITY guards thwart ed thieves intent on stealing copper wiring from ZNS' South Beach transmission site yesterday morning, according to an official at the broad casting agency. The wiring was part of transmission equipment installed last week about two months after the daylight theft of 150ft of copper straps from the site, disrupting ZNS' national radio station 1540AM. Carlton Smith, deputy general manager of operations and support at ZNS, said the guards startled two men who were spotted at the back of SEE page two SECURITY THWARTS ZNS COPPER WIRING THEFT SEE page eight SEE page eight EIGHTYEARSENTENCE: Kevin Hanna outside of court yesterday. Felip Major /Tribune staff Man admits sexual abuse of young boys BAHAMASBIGGEST CARSFORSALE, HELPWANTED ANDREALESTATE I N S I D E Magnum third overall pick in the NBA D-League draft M AGIC CITY: T he woman was reportedly abducted outside of this club

PAGE 2

E DITOR, The Tribune SUGGESTIONS o n how to reduce the number ofs treet vendors here on New Providence were recently advanced. T hey included: Establishing an open space where street vendors can sell their wares. H aving different vendors sell a variety of products on different days. Phone cards one day. Fish the next for example. Contracting a private firm t o clean and wash down the area everyday. Ensuring regulations are e nforced. A few questions come to mind: Who will provide the land? Who will pay for the cleaning? W ho will enforce the rules? Ideas like this might be well intentioned, but there are far too many similar government programmes that have become symbols of waste and even alleged fraud, paid for at the expense of the taxpayers of today and future generations as a result of the g overnment debt incurred o ver the years. Take the existing straw market for example. Howa bout the former Jumbey Village? Don't forget about the many failed packing h ouses, the processing plant at Potters Cay, or even Potter's Cay itself? What about Bahamasair, B EC, BTC, Bahamas Mortgage Corporation, Public Housing, and the bankrupt Hotel Corporation? These were all billed as imperative and the next greatg overnment solution to some major problem. Government is in the w rong business when it involves itself in the market for goods and services. When schemes like this are proposed and offered for public consumption, they are sold as the government helpingp eople, but they will do no m ore than make these addit ional people dependents of the state. And it can't be said enough; Government hasn othing to give that it doesn't take from taxpayers first. If the politicians really w ant to help people, why not personally (not using government power) direct the street vendors effort to form a business or investment group and lease property so they might eventually become owners? This will take hard work and coordination, but whati s in the best interest of the country in the long run, street vendors dependent on the p olitical class or independent business people who are owners in the economic sys tem? The Nassau Institute Nassau, O ctober 11, 2010 EDITOR, The Tribune. THElist of Hall of Fame in Bahamian Sports has again excluded one of our g reatest sportsmen in the person of the late Roy Ambrister. I n the late forties through t he early sixties, Roy A mbrister held the distinction of being: a Heavy Weight Boxing C hampion of The Bahamas. b. One of the top sprinters in The Bahamas. c. Long Distance Swimmer in the annual Swim Marathon for Prince George D ock to Montagu. d International Cricketer, w ho was lauded for his perf ormances locally and in J amaica where he very often r epresented The Bahamas. He led the great Police Cricket Teams of the early fifties. e. Played International Soccer, representing The Bahamas at home and overseas. I have been writing about Roy Ambrister for several years to attract attention of those in power to do somet hing in honour of this great sports man. In addition to his ability i n the various sports discip line he was a gentleman H e was my mentor in sports. M R. PAUL THOMPSON Nassau, November 1, 2010. C M Y K C M Y K EDITORIAL/LETTERS TO THE EDITOR PAGE 4, WEDNESDAY, NOVEMBER 3, 2010 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 P ublisher/Editor 1919-1972 Contributing Editor 1972-1991 EILEEN DUPUCH CARRON, C.M.G., M.S., B.A., LL.B. Publisher/Editor 1972Published Daily Monday to Saturday Shirley Street, P.O. Box N-3207, Nassau, Bahamas Insurance Management Building., P.O. F-485, Freeport, Grand Bahama TELEPHONES Switchboard (News, Circulation and Advertising A dvertising Manager (242 Circulation Department (242 Nassau Fax: (242 Freeport, Grand Bahama: 1-(242 Freeport fax: (242 WEBSITE w ww.tribune242.com updated daily at 2pm Hall of Fame missed one of our greatest sportsmen LETTERS letters@tribunemedia.net Is government help best for street vendors in the long run? EDITOR, The Tribune Re: Insight honoured for series on marital rape. The Tribune, Insight, October 25, 2010. It's always encouraging to discover similarities between different religions. For instance, many a devout Bahamian Christian would readily approve the following statement proclaimed recently by a cleric in London Clearly there cannot be any rape within the marriage. (Reportedly pronounced by the cleric Sheikh Maulana Abu Sayeed, president of the Islamic Sharia Council, U.K.) Ken. W. Knowles, M.D. Nassau, October 28, 2010 Many devout Christians would approve clerics statement LONDON What would Napoleon or Lord Nelson make of this? Britain and F rance struck a historic defence deal Tuesday aimed at preserving military muscle in an age of austerity, pledging to deploy troops under a single command, share aircraft carriers and collaborate on once fiercely guarded nuclear programmes. T he often sceptical neighbours insist an e ra of unprecedented cooperation is a pragmatic fit for two cash-strapped allies, though many question if the storied ene-m ies of the battles of Agincourt and Trafalgar can truly overcome centuries of mutu-a l suspicion. F ollowing talks in London, British Prime M inister David Cameron and French President Nicolas Sarkozy said Europe's only nuclear-armed powers had set out plans t o work closely for the next 50 years forming a joint rapid reaction force, sharing warhead testing facilities and tackling together the threats from cyber warfare a nd the militarisation of space. Cameron told his Cabinet the deal would save hundreds of millions of poundsa s Britain seeks to clear its national debts, while Sarkozy said he believed the pact will help protect all of Europe. This is a decision which is unprecedented and it shows a level of trust and confidence between our two nations that is unequaled in history," Sarkozy toldr eporters, following a summit of key ministers from both countries. Though British and French forces have f ought together on fronts across the globe including during both World Wars and the enemy occupations of France thel eaders insist the accord will signal the closest integration ever of their armed forces. Under the deal, Britain and France will form a joint expeditionary force a pool of at least 5,000 troops, including special forces, able to deploy under a comman der from either nation. They will in the future share their two aircraft carriers, when Britain's new vessel comes into service in about a decade. Fight er jets will be able to land on carriers from either country, providing cover when one nation has its carrier in dock for maintenance. To slash the hefty costs of maintaining their nuclear weapons, the nations wills hare specialist laboratories at the U.K. Atomic Weapons Establishment in Aldermaston, southern England, and a new centre at Valduc, southeast of Paris. British officials acknowledged the deal would involve closer cooperation than ever b efore on nuclear weapons, but insisted t hey would not divulge nuclear secrets. "The result will make our citizens safer, more secure and better protected in theg lobal age of uncertainty in which we now live," Cameron said. T he U.S. said the deal would secure the s tanding of two major NATO powers. U.S. S ecretary of State Hillary Clinton and Defence Secretary Robert Gates had both recently raised concern over the impact of c uts to European defence budgets. Last month, Britain announced an 8 per cent cut to its annual billion ($59 bil lion) defence budget over four years andc onfirmed that 17,000 troops, a fleet of jets and an aging aircraft carrier would all be lost to cuts. F rance will hold defence spending at around 30.2 billion euros ($42.4 billion next year, but must also tackle a trouble s ome national debt. Sceptics claim the pact is little to do with newfound friendship, but simply a practical response to budget cuts. A closer relationship between France and Britain is more, I think, out of obliga tion than desire," said Fabio Liberti, of t he Institute of International and Strategic Relations in Paris. Cultural tensions persist between the n eighbours. Thousands of Britons enjoy homes in France and are often blamed for driving up house prices. Tens of thousands of French citizens work in Britain, and are often scorned for collecting large salaries in London's finan cial district. Stereotypes of snooty "frogs" from France and the U.K.'s supposed uncouth, beer-swilling "rosbifs" roast beefs live on. ( This article is by David Stringer of the Associated Press). UK, France ditch rivalry, sign defence deal

PAGE 3

I have the audacity to b elieve that peoples everyw here can have three meals a day for their bodies, education and culture for their minds, and dignity, quality and freedom for their spirit. -Dr Martin Luther King Jr 1964 Nobel Peace Prize a cceptance speech THE United States E mbassy in Nassau has announced the details of the5 th annual Dr Martin Luther K ing Jr Essay Contest. T he contest is open to high school students in grades 10 through 12 in public and pri-v ate schools throughout New Providence and the Family Islands. T he top winners will r eceive an all expense paid trip to Atlanta, Georgia the weekend of January 15, 2011, w here they will tour the Martin Luther King Centre and other historic sites from thec ivil rights movement. T he purpose of the contest is to encourage students to reflect upon Dr Kings life and work and to think about how civil rights and diversity a ffect their lives. Students are asked to select a quote from Dr King and submit one orig i nal essay of 500 words or less that answers the following question: How can I keep Dr Kings dream alive in my c ommunity by promoting tol erance, equality and a just society? I n order to be considered for the competition, students are required to send their e ssay submission along with an official entry form to the US Embassy on or before 5pm on Wednesday, Decem b er 1. Essays may be for warded to the US Embassy by emailing: M LKessay@state.gov, or faxing 242-328-3495. All essays must be type w ritten, double spaced, with the applicants name on the top left corner of each page. All entries must be submit t ed by e-mail or fax, accom panied by an official entry f orm, which is available on U S Embassys website and Facebook page. Essays will be judged based on originality, clarity of thought and organisation, grammar and spelling. All submitted essays will b ecome the property of the US Embassy and will not be returned. S tudent must incorporate at least one quotation by DrM artin Luther King into their r esponse, and the embassy a dvised that quotations can be found online at the fol lowing sites: http://www.thekingcenter.org/D rMLKingJr, h ttp://www.mlkonline.net/quote s .html F ACULTY and students of the College of the Bahamas engaged in a lively roundtable discussion on environmental sustainability with con-s ervationists and US S tate Department representatives. The event featured Andrew Sharpless, CEOof Oceana, the largest i nternational organisat ion focused solely on o cean conservation; Kevin Sullivan, director of the Bureau of Western Hemispheres Office of Economic Policy andS ummit Coordination; E ric Carey, executive director of Bahamas National Trust, and Lionel Johnson, chair of Chemistry, Environmen-t al Life Sciences (CELLS the session. T he discussion took p lace in the board room of the Michael Eldon Building on Thursday, October 15. Both Mr Sharpless and Mr Sullivan were presenters at t he Caribbean Renewable Energy Forum (CREF held at the Atlantis Resort on October 15-16. Mr Sullivan explained that the Obama administ ration is committed to m aking tough decisions on climate change issues. He explained that Presi dent Obamas new policy initiative, the Energy and Climate Partnership for t he Americas (ECPA d esigned to help countries find solutions in creating new sources of e nergy. Mr Sharpless discussed ocean pollution, its impact on raising sea lev e ls, and how government and the private sector can collaborate to supports ustainable energy practices. C M Y K C M Y K LOCAL NEWS T HE TRIBUNE WEDNESDAY, NOVEMBER 3, 2010, PAGE 5 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM RESTAURANTS(Bahamas Limited, the KFC franchise operator in New Providence, announced that the company's management was e ncouraged with the outcome of a meeting with its staff yesterday. This comes one day after employees threatened to strike if overdue pay increases were not agreed upon. The company said in a statement that it is fully aware that for some time there have been outstanding grievances on the part of employees, and continues to make every attempt to deal with these concerns. T he company has had various proposals from the Bahamas Hotel Catering and Allied Workers Union, the representative of employees at KFC. However, because of the lingering economic downturn, the company said, KFC has experienced a 30 per cent decline in business over the last three years. All of this was explained very c arefully to team members who were extremely attentive, and openly expressed their varying views on the issues, the statement said. Gabriel Sastre, vice president and general manager of KFC, explained that the company listened to what team members had to say. He went on to explain that the compromise which KFC is attempting to reach will be heavily influe nced by some of the sentiments expressed by team members at the morning meeting. We will continue to discuss these concerns in good faith, and trust that soon we will reach an amicable compromise, said Mr Sastre. COB faculty, students in discussion with conservationists, US State Department reps THE BAHAMAS VERYOWNSTREETPHILOSOPHER KFC meets with staff threatening to strike US Embassy announces the fifth annual Dr Martin Luther King Jr Essay Competition

PAGE 4

By LARRYSMITH L AST week I took a trip on the underground railroad of Bahamian music. Man, I was walking in Jerusalem just like John. I saw a number of signs, and all the guides remembered quite w ell. And sometimes, they even had fire and brimstone coming out of their mouth. We embarked at the Doongalik station on Village Road. Jackson Burns ide and Charles Carter w ere the conductors on a fascinating journey to excav ate the memory of two g reat Bahamian musicians t he idiosyncratic guitarist Joseph Spence (who would have been 100 this year) andt he obeah man Tony McKay (whose first album appeared 40 years ago, when Tough Call was a yoot-man). One of the guides on this trip was 79-year-old Geneva Pinder. She described her U ncle Youngie as "the s weetest man...sitting with h is pipe and singing with my parents. My grandmotherw as a Sunday school teacher o n Andros and we had to sing from when we were little. My mom wasn't that learned, but she could rhyme." Geneva's mother, Edith, was the sister of Joseph S pence, who died in 1984. A nd it was her rhyming a musical form sometimes described as an ancestor of rap that attracted theA merican folk artist Jody Stecher to Nassau in 1965, where he recorded Spence and the Pinder family in their Culmersville yard. "Ediths husband, Ray mond, sang bass, and their d aughter Geneva sang the high parts," Stecher wrote of the encounter some years later. "Joseph Spence would s ing a part all his own, along w ith his unique guitar playi ng. One song from that sess ion, I Bid You Goodnight b ecame world-famous not l ong after T he Real Bahamas was released in 1 966." A familiar Bahamian anthem traditionally sung at t he end of a wake, I Bid You Goodnight derives from the 1 9th centuryEnglishfuneralhymn, Sleep On Beloved A 1960s group called the I ncredible String Band picked up the song from S techer's Bahamian recording, and it went on to become a folk standard m ost notably performed by the Grateful Dead O ne of the finest local performances of this rhyming anthem was in the 2002 production of Music of The Bahamas by Nicolette B ethel and Philip Burrows, adapted from Music in The B ahamas; its Roots, Rhythm a nd Personality b y Nicolette's late father, Clement B ethel. The performance is easily found on YouTube. Joseph Spence featured in a couple of earlier historicr ecordings. In 1958 the A merican blues historian Sam Charters taped threeh ours of Spence's guitar w ork that was later issued on the Folkways' collection, Music of the Bahamas And in 1935, he was recorded byt hat pioneering American folklorist, Alan Lomax, for a Smithsonian collection called Deep River of Song Nobody in the world c ould play guitar like Uncle Y oungie," Mary Hall, S pence's grand niece (and G eneva's daughter), told the D oongalik crowd. "I remember those days with t he family singing in the yard so well. The dog and the rooster carrying on, the m usic...so many good memories." M ary's own daughter, Leisa Hall, is a top accountant who spent several yearsw orking for private banks in Switzerland and Sweden. S he acknowledged that Bahamian music was "one of the things that helped me d efine myself while living abroad. I found Joseph S pence albums in Stockholm. Hopefully, respect for him in the Bahamas will develop over time." As Charles Carter pointe d out, "We Bahamians don't appreciate ourselves. S pence illuminated the w orld by discovering himself through his guitar. Over t he years there were four different sets of recordings, but no Bahamian has ever benefitted from them. For e ign companies own everyt hing. We only enjoy the echo of his legacy." S pence was born on A ndros in 1910 and taught himself to play guitar. From the age of 16 he was a sponge fisherman. Duringt he Second World War he and his wife, Louise, worked as migrant farmers on "thec ontract", where he was influenced by a variety of American folk traditions. Back in Nassau he worked in construction by day and performed at hotels and on yachts at night. After The Real Bahamas was r eleased, his unique style gained recognition among international folk artists, and he gave several US p erformances in the l ate 1960s and early 1970s. As Charters noted: "I had never heard anything like Spence. His playing was stunning." Following a h eart attack in the mid-1970s Spence settled into a sedate life as a school night watchman, a lthough he made a few more recordings for the r oots-oriented A rhoolie label. H is gruff voice acted as an accompanimentt o his spectacular guitar picking, and he was sometimes joined by his wife Louise. I saw Joseph Spence perform only once, towards the e nd of his life on Clement B ethel's ZNS TV show. He d ied in relative obscurity in Nassau on March 18, 1984. * E xuma the Obeah Ma n had a similar story. Macfarlane Gregory Anthony Mackey was his given name given on Cat island when his mother felt the pain but he compressed this to T ony McKay. W hen he was born, the midwife screamed and shouted. He had the voice of many in his throat, butw hen E xuma, the Obeah Man sailed with Charon in 1997, he actually did lay down and take his rest; dying in his sleep on a cool January evening at the age of 55. I mpresario Ray M unnings, whose own mon ster hit Funky Nassau swept the world in 1971, recalled that McKay gave his first Nassau performance at the famous Cat & Fiddle night club owned by Ray's father,F reddie Munnings Sr. "He c ame with a band of white gypsies as I called them, but they played Junkanoo so well. My dad was a great influence on Tony, and my cousin John Munnings helped him create his act and was his manager in New York." Greenwich Village was a vibrant incubator of avant g arde culture when McKay m oved to New York in the 1 960s to study architecture. H e began performing in s mall bars and clubs with a b and called t he Islanders a nd later formed a seven-person group that toured and recorded albums, starting with Exuma: The Obeah Man in 1970 and ending with Rude Boy in 1986. R ay's own success with his band The Beginning of the End meant he was often in New York, where heh ooked up with McKay and o ther expatriate Bahamians like Cordell Thompson, then an editor at Jet Magazine( and now retired in Rolleville, Exuma followinga long career in tourism). McKay's apartment at 14thS treet and 5th Avenue was t he scene for many of these bohemian get-togethers. "The first time I went there for a drink he served me cerasee (a bush tea fried cockeye (sergeantm ajor fish) with peas and r ice," Ray recalled. "Well, I h ad to go get some liquor and I don't eat cockeye." After releasing his initial albums on Mercury R ecords, he signed with the Kama Sutra label, releasing the a lbums Do Wah Nanny (19711972 c arnation (1972 (1973 more albums in the early1 980s, but none gained much traction. Tony always had problems with the record comp anies because he wanted to keep his music Bahamiana nd he wanted to own his catalogue," Ray said. "I tried to help him avoid get t ing manipulated too much b y those American lawyers. He was a soft and easy going guy with plenty of love except towards the recordc ompanies." After moving to New Orleans, McKay performedr egularly at the Jazz and Heritage festival there. According to Ray, "Tony had to play small gigs to sur v ive while working to fuse s everal genres of music together Cuban, Reggae, Junkanoo and more. He hada lot of unfinished music business to take care of." I saw him perform at one o f these gigs a small bar a t the Paradise Island Hotel, n ot long after the release of Cat Island Man Former tourism official Athama Bowe recalls visit ing McKay in hospital after his first heart attack in New Orleans. "His skin was coated with olive oil and candles were burning all over the room for the sperrits he was mixing modern medicine with obeah. "Tony was fantastic he wanted to develop authentic Bahamian music and did so much to sensitise us to what is ours. There should be a scholarship in his name, and a memorial bust." Health problems led McKay to cut back on his performances and devote more time to painting, his other great love. In the last years of his life, he divided his time between Miami and Nassau, living ina little house his mother had left him on Canaan Lane. And it was there that his body was discovered 13 years ago by friends and neighbours. "Nothing defines us as Bahamians," Charles Carter complained at Doongalik. "We don't teach Joseph Spence and Tony McKay. We don't teach anything about ourselves, yet I believe most of our problems can be solved culturally. This world-class exhibi tion about two icons of Bahamian culture has succeeded in creating a dia logue about the Bahamian story." As Patrice Francis put it in verse, Where else y'all ga learn da underground rail road of Bahamian music? What do you think? Send comments to larry@tribunemedia.net Or visit www.bahamapundit.com C M Y K C M Y K PAGE 6, WEDNESDAY, NOVEMBER 3, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM Underground railroad of Bahamian music Underground railroad of Bahamian music Underground railroad of Bahamian music Underground railroad of Bahamian music Underground railroad of Bahamian music Underground railroad of Bahamian music Underground railroad of Bahamian music Underground railroad of Bahamian music Underground railroad of Bahamian music Underground railroad of Bahamian music

PAGE 5

C M Y K C M Y K LOCAL NEWS T HE TRIBUNE WEDNESDAY, NOVEMBER 3, 2010, PAGE 7 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM 326,7,21$9$,/$%/( 6U,7SHFLDOLVW$UH\RXLQWHUHVWHGLQMRLQLQJWKH,7GHSDUWPHQWRIOHDGLQJQDQFLDO L QVWLWXWLRQ"7KURXJKRXUFXWWLQJHGJHWHFKQRORJ\DQGLQQRYDWLYHSURGXFWV RXUUPDLPVWRKHOSLWVFOLHQWVWKULYH :DUHVHHNLQJWDOHQWHGFRPSXWHUVDYY\LQGLYLGXDOWRDLGVXSSRUWRI W KH,7HQYLURQPHQWRIRXURUJDQL]DWLRQ,I\RXUHSDVVLRQDWHDERXW\RXU FUDIWKDYHSRVLWLYHDWWLWXGHDQGDUHNHHQO\LQWHUHVWHGLQGHYHORSLQJ QHZVNLOOVWKHQZHGOLNHWRKHDUIURP\RX 7KLVZLOOEHFRPELQDWLRQRIKHOSGHVNQHWZRUNDQGDSSOLFDWLRQVXSSRUW D QG DSSOLFDWLRQVXSSRUWZRUN %6%$'HJUHHRUFRPPHQVXUDWHH[SHULHQFH 'HVLJQDQGGHSOR\PHQWRIODUJHPXOWLVHUYHULFURVRIWQHWZRUNV 7KRURXJKXQGHUVWDQGLQJRIWKHDUFKLWHFWXUHFRPSRQHQWVDQGFRUH GDWDEDVHHQJLQHRIUDFOHJJDQGLFURVRIW/ \HDUVH[SHULHQFHPDQDJLQJGDWDEDVHVWRUDJHDGPLQLVWHULQJXVHUV DQGVHFXULW\PDQDJLQJVFKHPDREMHFWVGDWDEDVHSHUIRUPDQFH WXQLQJEDFNXSDQGUHFRYHU\SDWFKHVXSJUDGHVUHOHDVHPLJUDWLRQ 'HSOR\PHQWDQGDGPLQLVWUDWLRQRI$FWLYH'LUHFWRU\LFURVRIW'16 '+&3 ,QVWDOOLQJPDLQWDLQLQJSDWFKLQJDQGXSJUDGLQJVHUYHUVLFURVRIW :LQGRZVHUYHUXSWR:LQGRZVDQGFOLHQWXSWR :LQGRZVSDWFKLQJXVLQJ:686RU&&0 6HWXSDQGPDLQWDLQQHWZRUNGDWDEDFNXSUHVWRUHXVLQJ\PDQWHF %DFNXS([HFRUVLPLODUSURGXFWV 6XSSRUWVDQGPDLQWDLQF$IHH$9LQVWDOODWLRQVDQGSROLF\RUVLPLODU SURGXFWV &RQJXULQJDQGPDLQWDLQLQJ&LVFRURXWHUURXWLQJVZLWFKDQGUHODWHG SURGXFWV &RQJXULQJDQGPDLQWDLQLQJUR[\:HE)LOWHULQJDQGRUUHODWHG SURGXFWV 6WURQJDQDO\WLFDODQGSUREOHPVROYLQJVNLOOV 3URYHQDELOLW\WRWURXEOHVKRRWDQGUHVROYHSHUIRUPDQFHLVVXHV .QRZOHGJHRI,QIRUPDWLRQVHFXULW\IUDPHZRUNVLHDUEDQHV[OH\ 3UHYLRXV+HOSGHVNH[SHULHQFH 3URYLGLQJVXSSRUWLQVWDOOLQJORFDOWHOHSKRQHVHWVHVWDEOLVKLQJ H[WHQVLRQVHWFfIRUR,3FRPPXQLFDWLRQVLH%;WHOHSKRQHf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ooth-Kelly, together with her son Greg Kelly, recently returned to her alma mater in Montclair, New Jersey to be honoured with the 2010 Montclair K imberley Academy Dist inguished Alumni Award i n recognition of her extrao rdinary legacy of volunt eerism, philanthropy and b usiness acumen benefitting the people of the Bahamas. Mrs Kelly, a member of t he Kimberley School Class of 1952, attended a luncheon in her honour at headmaster Thomas Nammack's home b efore addressing the MKA Upper School students at a special assembly. Students Dont give up, she a dvised the students, study hard, believe in yourselves. Accept disappointments as learning experiences. Each and every one of you does make a difference. Each and every one of you is appreciated for your individual talents. So, believe in your selves and your self worth. The Distinguished Alum n i Award is presented by the MKA Alumni Council in recognition of, and in appre c iation for, outstanding achievement or distinction in some field of endeavour, or through outstanding chara cter, dedication or service to humanity. T he award was officially bestowed on Mrs Kelly at MKA's Homecoming R eunion Dinner, held at the Montclair Golf Club on Satu rday, October 16. Mrs. Kelly told alumni and friends gathered at the dinner, it m ay be the greatest honour of my life, the one that is the most meaningful to me. M rs Kelly's receipt of this award is just one more in a long list of accolades that have included the 2007 Life t ime Achievement Award from the Bahamas Chamber of Commerce; the 2007 Jones Communication Civil Society Lifetime Achievem ent Award; the Gold Business Award from the CEE G lobal Awards; the 2002 Bahamas Chamber of Commerce Businessperson of the Y ear Award; and the 1998 Living Legends Award for V olunteer Work and Civic Organizations by Zonta Club of New Providence. Pr estigious In 2002, she was also awarded the Rotary Club'sI nternational Paul Harris Award, and in 2004 she received the Blue Revue from Zeta Phi Beta Sorority and the Leading Womens Award by Skills Bahamas. In 2007, Mrs Kelly received t he prestigious Governor Generals Youth Award (15y ear service), and the Kiwanis Club of New Providence presented her with its Lifet ime Achievement Award. Mrs Kelly remains an a ctive member of the Lyford Cay Foundation and is a member of the Altar Guild B oard of Christ Church Cathedral. She also continues her w ork ethic in her dual roles as president and CEO of Kelly's Home Centre Limited, as well as being presi d ent of Nassau Motor Com pany, the Bahamian representative for Honda and General Motors. By DENISE MAYCOCK Tribune Freeport Reporter dmaycock@ tribunemedia.net FREEPORT Govern or-General Sir Arthur F oulkes is scheduled to make his address to the n ation for the One B ahamas Celebration from Freeport on Novemb er 19. S ir Arthur will travel to G rand Bahama with his w ife, Lady Foulkes, for the f lag-raising ceremony. His address is expected t o be broadcast simultaneously all over the count ry, said Terrence Gape, One Bahamas committee chairman. We are very excited this year about the One B ahamas celebrations (because General has agreed to be t he patron, Mr Gape said. H e said One Bahamas patrons Sir Orville Turnquest and Sir Durward K nowles will also go to Freeport for the celebrations. One Bahamas started in 1992 at a critical time in the countrys history when Bahamians had just c ome through a very divis ive general election. Then Minister for Youth Algernon Allens tarted a programme focused mainly on the school children, but also directed at adults to cele b rate oneness, love of country, the flag, the national anthem and national symbols. One Bahamas has been celebrated for the past 18 y ears under the banner, One God, One People, O ne Bahamas. The theme for the 2010 celebration is Love and Unity. M r Gape said while the c ommittee makes special v isits to all the schools, the highlight of the celebra-t ions is the Flag-Raising D ay ceremony which is conducted by the Royal Bahamas Police Force and T-shirt Day on November 19. These celebrations allow us to focus on one c ommon interest we all s hare as Bahamians, the n ational flag and the Coat o f Arms. We use these celebrat ions to bring focus to our national symbols. You know many of us see the flag and do not understand what the colours and the triangle stand for, nor do we fully comprehend t he design of the Coat of Arms, he said. He is encouraging all b usinesses, schools and r esidents to support the c elebrations and activities planned. A church service is s cheduled for November 14. Flags will be erected at various roundaboutsa nd entrances to various settlements in celebration of One Bahamas. An essay competition w ill be held for the primar y and secondary school students, and six laptopsw ill be given as prizes. Nancy Booth-Kelly is honoured at alma mater RECOGNITION: Nancy Booth-Kelly displays her Distinguished Alumni Award citation with Montc lair Kimberley Academy headmaster Thomas Nammack. 2010 Montclair Kimberley Academy Distinguished Alumni Award Governor-General to make One Bahamas Celebration address from Freeport

PAGE 6

C M Y K C M Y K LOCAL NEWS THE TRIBUNE WEDNESDAY, NOVEMBER 3, 2010, PAGE 11 7HPSRUDU\RVLWLRQSDQLVKHDFKHU GN-1128G G o o v v e e r r n n m m e e n n t t N N o o t t i i c c e e TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM PORT-AU-PRINCE, Haiti IT WASthe jewel of Haiti's post-earthquake recovery: an organized relocation camp with thousands of tents billed as hurricaneresistant, lined up in neat rows on graded mountain soil, according to Associated Press. Now, staring down an e xpected hit later this week from a hurricane, officials say Corail-Cesselesse is not safe. On Tuesday, the government advised the esti mated 7,850 residents of its primary relocation camp to ride out the storm somewhere else. "We're asking people in Corail to voluntarily move from where they are and go to the houses of family or friends. The places the government has identified are churches and schools that are available for shelter from the storm," Haiti civil protection official Abel Nazaire told The Associated Press. Ev acuation Camp managers held a "loudspeaker meeting" with megaphones to tell residents about the evacuation order, said Bryant Castro, the American Refugee Committee staffer managing the camp. Residents were told to seek any home they could find and are expected to start leaving as soon as Wednesday. A hurricane over the weekend, Tropical Storm Tomas was in the central Caribbean on Tuesday with maximum sustained winds of 40 mph (65 kph ing to the U.S. National Hurricane Center in Miami. Its center was about 395 miles (665 kilometers south-southwest of Port-auPrince and moving west near 10 mph (17 kph Forecasters predicted it will veer north toward Haiti and perhaps regain hurri cane strength by Thursday. A hurricane watch was issued for Jamaica, and the center said the storm could dump up to 8 inches (20 centimeters) of rain on Aruba, Bonaire and Curacao. Tomas has already killed at least 14 people and left seven missing in the east e rn Caribbean nation of St. L ucia, where it caused more than $37 million in damage. In nearby St. Vincent, the storm wrecked more than 1,200 homes and caused nearly $24 million in dam ages to crops, especially bananas one of St. Vincent's top commodities. It would be the first big storm to strike Haiti since the Jan. 12 earthquake killed as many as 300,000 people and forced millions from their homes. It would also be the first tropical storm or hurricane to hit since 2008, when Fay, Gustav, Hanna and Ike bat tered Haiti in the space of a month, killing nearly 800 people and wiping out 15 percent of the economy. If it follows its predicted track it could hit every major Haitian city including Port-au-Prince, Les Cayes, Gonaives and CapHaitien. The U.N. Office for the Coordination of Humanitarian Affairs said rainfall of up to 5 inches (13 centimeters) could cause catastrophic floods in the severely deforested country. Aid workers are scram bling to prepare but are badly short of supplies including shelter material because of the responses already under way to deal with the aftermath of the earthquake and an unprecedented cholera outbreak that has killed more than 330 people and hospitalized more than 4,700. A U.S. Navy vessel, the amphibious warship Iwo Jima, was steaming toward Haiti on Tuesday to pro vide disaster relief. Some of the biggest con cern is for 1.3 million earth quake survivors still living under tarps and tents nearly 10 months after the disaster. The government said there are some shelters in the capital a handful have been built in nearby L eogane and several hours n orth in Gonaives but basically people will be on their own if Tomas hits. "The government doesn't have shelters for 1,300,000 people," Nazaire said. An enormous international aid effort flowed into Haiti in the immediate wake of the quake, but reconstruction has barely begun, in part because donors have not come through with promised funds. The United States has not provided any of the $1.15 billion in reconstruction aid it pledged last March. Model When Corail opened in April, it was portrayed as a model for how camps could be built and run. A joint effort by the Haitian government and international aid groups, including U.N. peacekeepers and U.S. military engineers, it was billed as a refuge from dangerous hillside camps that Haitians had set up on their own in the days after the quake. Corail's residents were selected from the spontaneous camp taken over by actor Sean Penn's relief organization, sprawled over a country club golf course in the capital. Residents were told they would be better off on a distant desert plain 9 miles (15 kilometers north of the city, far from their former homes and jobs. "I signed up. I didn't know where I was going. My home was destroyed. I had nowhere else to go," Jonel Romelus, a 36-yearold mason who moved to Corail, said Tuesday. Haiti wants major camp evacuated ahead of storm THEFNM has released a statement in response to PLP criticism last month of Parliamentary Registrar Errol Bethel. T he statement reads: The PLP's latest attack on the integrity of the Parliamentary Registrar is the latest gimmick by a des-p erate and frustrated party. Despite their attempts to disguise their mas-s ive incompetence in office and reckless irresponsibility in Opposition, the facts speak louder than the PLP's empty words. Prime Minister Hubert Ingrah am stated that he found the PLP's s tatement on the Parliamentary Registrar, cowardly and unmanly. He noted that though issued in the name of the PLP, that Opposition Leader, Perry Christie had toa ccept full responsibility for the distortions in the release. The Prime Minister observed that Parliam entary Commissioner Bethel was first appointed to the Parliamentary Registration Department under a PLP Administration. Mr. B ethel held the position of Parliamentary C ommissioner in 1997 when the FNM was reelected to office, in 2002 when the PLP was elected, and remained in the post during the2 007 General Election, when the FNM was reelected. Mr. Ingraham emphasised that the PLP h ad no prior objections to Mr. Bethel. He said t hat the Leader of the Opposition who routinely raises matters of interest and concern to his Party in discussions with him had neverr aised any concern about Mr. Bethel. He noted that the PLP had not sought to replace Mr.B ethel ahead of the 2007 General Election, w hich was organized and run on their watch. Mr. Ingraham lamented that it was cowardly and unmanly for Mr. Christie to attempt to shift blame for his inaction, laziness and f ailures in office to a dedicated public servant. It was Mr. Christie who was solely responsible for disregarding and ignoring the consti-t utional requirements regarding the timely appointment of the Boundaries Commission. It was Mr. Christie and his party who were late-again in redrawing constituency boundaries. It was Mr. Christie and the PLP who were late in presenting the Commission's Report to Parliament. The reality is that in a 15 year p eriod during which three general e lections were held, the only time that confusion developed with the Parliamentary Registrar was on Mr. Christie's watch. Still, the PLP continue to blame Commissioner Bethelf or the confusion in the preparation of the 2007 Parliamentary Register. The Prime Minister reminds Mr. Christie, who should know better, that the Parliamentary Commissioner has no ability to influence the timing of the appointment of the Bounda ries Committee or the redrawing o f the boundaries or of the Commission's Report to Parliament. This was not a single failure by Mr. Christie and his incompetent cabinet. It was three strikes against t he integrity of our electoral system. The lateness of each of these was in the control of the hapless and hopeless PLP Gov-e rnment. They are solely responsible for the last minute and chaotic changes rushed into place j ust a few short weeks before the Bahamian e lectorate went to the polls to exercise their democratic franchise. The Prime Minister is not surprised that n otwithstanding the posturing by the PLP, that neither the Leader of the Opposition norh is party hierarchy has ever offered recomm endations on updating the registration p rocess to the Bahamian people. The Prime Minister reiterated his confi dence in the Commissioner and his staff. He f urther stated that the Bahamian Parliamentary electoral process was time honoured andh ad served The Bahamas well. He did not believe it appropriate for politi cal parties to attack the civil servants charged with overseeing the electoral process. Instead, he urged bipartisan cooperation in reforming a nd ensuring a transparent and smooth process. Finally, the Prime Minister said that if the P LP believe that they left a clean Parliamentary Register in place in 2007, the FNM would be happy to hold new elections on the existing Register. FNM gives response to Opposition criticism of Parliamentary Registrar PARLIAMENTARY R EGISTRAR E rrol Bethel Country braced for e xpected hur r icane hit

PAGE 7

By NEIL HARTNELL Tribune Business Editor THElikely new majority owne r of the Bahamas Telecommunications Company (BTC u rged industry regulators not to force the company to further adjust downwards its tariffs, while also advocating that it continue to provide free local (intrai sland) calls despite charging rival operators an interconnec-t ion fee. Cable & Wireless, which t rades as LIME, in its response to the Utilities Regulation & Competition Authoritys (URCA draft Reference Access Inter c onnection Offer (RAIO warned against regulatory pro p osals that would push settle ment rates levied by the stateo wned incumbent on global operators for terminating inter national calls in the Bahamas down to cost-oriented levels. T his, it suggested, would ultiC M Y K C M Y K SECTIONB business@tribunemedia.net WEDNESDAY, NOVEMBER 3, 2010 THETRIBUNE $4. 68 $4. 51 $4. 69The information contained is from a third party and The Tribune can not be held responsible for errors and/or omission from the daily report.$ $4.19 $4.20 $4.22 InternationalInvestmentFund [Learn more at royaldelity.com] BAHAMASNassau:242.356.9801 Freeport:242.351.3010BARBADOSSt.Michael:246.435.1955 Ca b le & Wireless urges regulator not to force state-owned incumbent, of which it is seeking to buy 51%, to further reduce tariffs Slams URCA for using notoriously dangerous m easure to determine BTC efficiency Warns of foreign currency revenue loss from c ost-oriented solution to international incoming call settlement rates And suggests URCA model in this area could under mine sustainable competition and generate little added value for Bahamian economy S EE page 6B By ALISON LOWE Business Reporter a lowe@tribunemedia.net HITTINGback at those who he claims have sought to destroy his companys reputation, Phil Lightbourne, owner of P hils Food Services, has revealed plans for a $2.5 million store expansion beginning in January 2011, which will result in Food retailer eyes $2.5m expansion Phils Food Services latest to get into growth mode, targeting early 2011 start and adding 50 new jobs Company denies involvement in Associated Grocers City Markets bid, but supports move by Ben Frisch Hits back at allegations against compans low prices, saying Customs knows firm has best record of anybod Amazing 11% support from Bahamian consumer Potential BTC buyer: Keep free local calls EXPANSIONPLANS: Phils Food ServicesPhoto/ Felip Major S EE page 7B John Bull obtains Subway franchise B y ALISON LOWE Business Reporter a lowe@tribunemedia.net A S THEfashion side of its business temporarily contracts with the Saturday closure of its GUESS store, John Bull is expanding its restaurant franchise division, having obtained theB ahamian rights to the Subway franchise. A nd the retailer has also seen a greater than expected response from the public to its newest offering, the 5,000 square foot Party Land store in the Harbour Bay Shopping Centre, telling Trib une Business that while luxury retail will always be the core and, of course, nucleus of our busin ess, diversification is key to success in retail. Speaking of the Subway franchise deal, Inga B owleg, director of business development for the John Bull Group of Companies, said the firm expects to hire between six to nine people when it opens its first Subway location, although she did n ot reveal where this might be. Mrs Bowleg said John Bull hopes the Subway m ove will help them enjoy some economies of scale with the Starbucks business, for which they are also the Bahamian franchise holders. The Subway deal was finalised on August 16, 2010, and the company has not made a commitm ent as to a minimum number of locations, with Top Bahamian retailer targets div ersification, generating new jobs with latest food franchise plus Party Land opening GUESS store at Mall at Marathon closes, due to franchisors c hanged terms S EE page 6B By NEIL HARTNELL T ribune Business Editor An expanding New Providence retailer plans to aggressively start looking forf ranchisees in all the Family Islands next year, having ini-t ially been blocked by the Government, which feared its p lans would drive local stores in those locations out of business. Indicating that the GovRetailers ggressiv Out Island franchise planning Robin Hood to start looking for Family Island retail partners next year Government initially blocked move, but p rincipal says partnership driving move, not putting existing companies out ofb usiness Argues move designed t o give Family Island consumers product at Nassau prices, and aimeda t alleviating poverty S EE page 7B

PAGE 8

DOWNTOWN NASS AU businesses seem set to receive a spending boost equivalent to hundreds of thousands of dollars this week with at least twom ajor cruise ships being diverted to the Bahamian capital as a result of Tropical Storm Tomas continuing to churn in the southern Caribbean. An e-mail sent out to B ay Street retailers and businesses by the Downt own Nassau Partnership (DNP al Caribbeans Oasis of theS eas, the worlds largest cruise ship, was set to call i n Nassau on Friday between 8am-5pm, with the Liberty of the Seas also sett o arrive on Sunday, November 7, for the whole d ay. Gevon Moss, the DNPs executive administrator,t old Tribune Business: I just got an e-mail from the cruise representative here on the island, and they explained that there wereg oing to be two more cruise ships coming in this week in addition to those alreadye xpected. Adding that Oasis of the S eas was one of the biggest ships that come here, Mr Moss said he hadn o idea of the additional economic impact and cruise passenger spendingt hat would result from the two vessels unexpected c alls on Nassau, as he had no data on passenger numbers. M r Moss, though, said the ships were likely to be a nywhere from 70-90 per cent full. Vincent VanderpoolW allace, minister of tourism and aviation, said the Government had not looked specifically at the likely economic impact r esulting from the additional cruise ship calls. He added that these things tend to balance themselves out, a refer-e nce to the fact that cruise ship itineraries to the Bahamas are also freq uently disrupted by tropical storms. Still, assuming an average per capita spend of $80 for each passenger, and giv-e n 6,296 and 4,370 passenger capacities for Oasis of the Seas and Liberty of the S eas respectively, even at 70 per cent occupancy, the combined potential spend is $597,316 $352,596 from Oasis of the Seas passen-g ers, and $244,720 from the Liberty of the Seas. C M Y K C M Y K BUSINESS THE TRIBUNE WEDNESDAY, NOVEMBER 3, 2010, PAGE 3B TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM Board of Directors of FamGuard Corporation Limited is pleased to advise that the third quarterly dividend for 2010 of 6 cents per share has been declared to be paid on November 17, 2010 to Shareholders of record as at November 10, 2010FAMGUARD CORPORATION LIMITEDe parent holding company of Family Guardian Insurance Company Limited BahamaHealth Insurance Brokers & Benet Consultants Limited FG Insurance Agents & Brokers Limited FG Capital Markets Limited FG Financial Limited SHAREtrading volumes and values on the Bahamas International SecuritiesE xchange (BISX declined by 25.3 per cent and 47.9 per cent, respectively, during the 2010 third quarterc ompared to the same period the year before, as its market capitalisation dropped below $3 billion to $2.938 billion. Releasing its data f or the nine-month and three-month perio ds to end-September 2010, the Bahamian stock exchange saidt hat for the third quarter, some 700,154 s hares worth a cumulative $2.963 million were traded. This compares to the July 1, 2009, to September 30, 2009,p eriod, where 937,327 shares traded for a v alue of $5.682 million. This represents a decrease of 25.3 perc ent in share volume traded, and a decrease o f 47.9 per cent in share value traded in 2010 compared to 2009, BISX said. Shares For the nine months t o September 30, 2010, some 8,780,142 s hares traded on BISX, worth a collective $96.372 million.T his, though, included the 5,954,600 shares in C able Bahamas, worth $80 million, that changed hands asa result of the Columbus Communications buyout. With this stripped out, some 2,825,542s hares worth a collective $16.402 million were traded, com pared to the 2,592,95 shares worth $14.402m illion that traded during the comparative period in 2009. B ISXs recovery, though, continues to lag international stock market indices. For the nine months toS eptember 30, 2010, the BISX All-Share Index dropped by 3.11 per cent, from 1,565.38 to 1,516.77, whereas the S&P 500, FTSE 100 and MSCI Emerging Market Indexes all rose slight ly. Decrease However, the BISX All-Share Indexs decrease during 2010 to-date compares favourably to the 12.3 per cent drop suffered during the same peri od in 2009. And BISX added: For the three-month period from July 1 to September 30, 2010, the Index experiencedan increase of 11.96 or 0.8 per cent from 1,504.81 to 1,516.77. That indicates that the Bahamian stock market appears to have hit bottom, and be on the way back up. Excluding the Cable Bahamas deal, the average daily trading volume on BISX for the first nine months of 2010 was 15,055 shares, giving an aver age daily value of $87,974. April saw the highest average daily trading volume and value with 48,775 shares and $283,409 respectively. In comparison, the same nine-month period in 2009 saw an average daily trading volume and value of 13,762 shares and $75,595 respectively. BISX Share Index hints at recovery Downtown boost via cruise ship diversion MINISTEROFTOURISM: Vincent Vanderpool-Wallace N EW YORK MAJORstock indexes rose Tuesday as investors awaited the results of Congressional elections, putting t he Dow Jones industrial average near its highest p oint of the year, a ccording to Associated Press. The Dow Jones industrial average rose more than 60 points. The Dow has now traded above its 2010 closing high of 11,205 four times over the past two w eeks, but failed to close above that level each time. Eric Thorne, an investment adviser with Bryn Mawr Trust Wealth Management, said many traders have been using the end of the day to take short-term profits. A Republican gain of at least one house ofC ongress is most likely already reflected in stock prices. The slide of the dollar, which fell against the euro and the yen, helped push stocks higher on Tuesday as investors bought riskier assets. Small companies performed especially well. The R ussell 2000, the index that tracks the performance of smaller corporations, jumped 2 percent to 712.89.T he index is up nearly 14 percent for the year, rough ly double the return of the Dow and the broad Stand ard and Poor's 500 index. The Dow rose 64.10, or 0.6 percent, to close at 11,188.72. It reached its closing high of 11,205.03 on April 26. T he broader Standard & Poor's 500 index rose 9.19, or 0.8 percent, to 1,193.57. The S&P 500, which is more closely watched than the Dow by professional investors, is also still below its 2010 high of 1 ,217.28, reached on April 23. T he technology-focused Nasdaq composite index reached a new high for the year, as tech titans like Apple Inc., Microsoft Corp. and Amazon.com Inc. all gained more than 1.2 percent for the day. The Nasdaq r ose 28.68, or 1.1 percent, to 2,533.52. Its previous high for the year was 2,530.15, which came in late April. Uncertainty over the size of the Federal Reserve's expected stimulus program due Wednesday has keptt he market from ending with either big gains or losses in recent days. Traders are waiting for the Federal Reserve to announce plans to buy bonds to spur spending, a process known as quantitative easing. T he Fed's purchase of Treasurys hurts the value of the dollar, which fell 0.7 percent today against ani ndex of six other currencies. A weaker dollar, in turn, drives the price of gold, o il and other commodities higher. Companies tied to commodities, including Freeport-McMoRan Copper & Gold Inc., ExxonMobil Corp. and Alcoa Inc., rose more than 1 percent. Stocks rise on Election Day, tech at 2010 high

PAGE 9

C M Y K C M Y K BUSINESS PAGE 4B, WEDNESDAY, NOVEMBER 3, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM BFSB elects new Board Young realtor closes $7m sale FRONT ROW: Timothy Ingraham, Paula Adderley, Wendy Warren, Kesna Pinder, Tanya Hanna, Linda D'Aguilar, Peter Maynard, Larry Roberts. Back Row: Gilbert Schur, Toby Smith, Vikas Chandra, Arthur Seligman, Danya Wallace, Antoine Candiotti, Christina Rolle, Tiffany Norris-Pilcher and Bruno Roberts. Not pictured are: Curtis Merz, Ivylyn Cassar, Julian Martel, Kelly Kerr, Paul Winder, Pedro Delaney, Sonia Beneby, Steve Mackay THEBahamas Financial Services Board (BFSBe lected a new Board of Directors at its Annual General Meeting on September 22, with officers appointed from among their numbera t the first subsequent meeting. The BFSBs directors for 2010-2012 are: Antoine Candiotti, Crdit A gricole Suisse (Bahamas Arthur Seligman, Lennox Paton; Christina Rolle, Socit Gnrale PrivateB anking (Bahamas tary; Curtis Merz, UBS Trustees (BahamasS chur, BSI Trust Corporation (Bahamas t el, Butterfield Bank (Bahamas man; Kelly Kerr, RBC TrustC ompany (Bahamas da Beidler-D'Aguilar, Grah am, Thompson & Co; Paul Winder, ATC Trustees, chairman; Peter Maynard,P eter D. Maynard & Co, deputy chairman; Steve Mackay, EFG Bank &T rust; Tiffany Norris-Pilch er, Ernst & Young, treasure r; Toby Smith, Butterfield Bank (Bahamas Chandra, State Bank ofI ndia. During its AGM, BFSB m embers also agreed for the following industry associations to nominate representatives to serve as directors: Association of Interna tional Banks & Trust Com p anies in the Bahamas Bruno A. Roberts; Bahamas Association of Compliance Officers Kesna Pinder; Bahamas Association ofS ecurities Dealers Ivylyn Cassar; Bahamas Bar Asso ciation Paula A.L. Adder l ey; Bahamas Institute of Chartered Accountants R eece Chipman; Bahamas Insurance Association Timothy Ingraham; Bahamas Real Estate Asso-c iation Larry Roberts; CFA Society of the Bahamas Sonia Beneby; and Society of Trust & Estate Practitioners TanyaH anna. Wendy C. Warren serves on BFSBs Board as chief executive and executive director, as does DanyaW allace of the Office of the Attorney General, as the Government's representative. N ew chairman Paul Winder said: BFSB remains focused on the con-t inued development of an environment that is cond ucive to business, and on promoting a greater awareness of the Bahamas's trengths as an international financial centre. Economy It is recognised that the Bahamas still is in a period o f transition as the global economy and the financial services industry continue toa djust to a new environment for doing business." He added: Nonetheless, arising from its long-standing investment in people,p olicies and the environment, we are confident that the Bahamas will continue to be a leader in financial services andd omiciliation/residency." Ms Warren said: This jurisdiction certainly is com m itted to ensuring that favourable attributes for priv ate wealth, locating and servicing operational subsidiaries or investment arms,a nd making the Bahamas home are fully explored and understood by the owners of capital." A 23 YEAR-OLD Bahami a n realtor has made the biggest sale of his career to date a seven-unit, beachfront condo complex in the Love Beach area valued at $7 million. Ryan Knowles, who has g one full-time after a threeyear apprenticeship under Mario Carey, said his sale of the block of three-bedroom, two-bath units at Columbus Cove, a gated community on the beach at the western end of New Providence, reaffirmed the strength of the high-end real estate market. Columbus Cove is built on the powdery sand beaches of one of Nassau's last remaining unspoiled oceanfront areas," said Mr Knowles. "So the location is extremely desirable. But considering that activity in the high-end real estate market has been sluggish over the last two years, I am very excited about this sale, not only because of the personal sat isfaction of the transaction which took weeks and involved intense negotiations but, more importantly, because it helps affirm the strength of the beachfront real estate market in New Providence." Knowles' mentor, Mr Carey, applauded the young agent. Ryan has a great attitude and possesses the right skills to be successful in this industry. Hes an out-of-the-box thinker and is able to find solutions to any challenge hes faced with. We are very pleased with his performance in such a short time period, he added. Mr Knowles is scheduled to sit his appraiser license in the very near future. He serves as a director and fundraising chair of the Community Leadership Centre, a non-profit organisation aimed at empowering youths in low-income neighbourhoods through education and social change ini tiatives, and as a Little League baseball coach. Knowles is part of the growing Mario Carey Realty team, which now boasts five agents out of its office on East Bay Street and, in addition to the luxury market on which it was founded, has a division, MCR2, specialising in properties under $500,000. BIGGESTSALE: Ryan Knowles Shar e your news The Tribune wants to hear from people who are making news in their neighbour hoods. 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 shar e your stor y

PAGE 10

C M Y K C M Y K BUSINESS THE TRIBUNE WEDNESDAY, NOVEMBER 3, 2010, PAGE 5B TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM $11281&(0(17 The Association of International Banks & Trust Companies (AIBT has welcomed its first new member from the securities sector, the Accuvest Group, having decided to open membership to such companies for the first time earlier this year. Accuvest is a family of companies dedicated to delivering asset management, investment strategy, estate planning and asset protection for high net worth individuals, families and institutions, and is licensed by the Securities Commission of The Bahamas as a broker/dealer. AIBT chairman, David Thain, explained that as the regulatory infrastructure in the Bahamas has changed, so has the Associations role, and it was no longer valid to compartmentalise Banking' 'Trust' and 'Securities' activities, since many members were engaged in all three. Mr Thain said all broker/dealers and security investment advisers have been contacted and offered membership, with the initial feedback very positive. The AIBT chairman added that as the new Securities Industry Act will impose significant changes to the regulation of the securities business, it would be a prudent time for smaller institutions to benefit from the work the Association is already planning to do for its existing members. Robert Jensen, Accuvests managing director, thanked the AIBT for extending membership. AIBT welcomes its first securities sector member THE Association of International Banks and Trust Companies (AIBT inaugurated its Professional Education prize, which will be awarded annually to the BFSB Achiever of the Year winner. This is an educational fund, with a value of up to $5,000, that will allow the recipient to undertake a course of study of his/her choosing at the Bahamas Institute of Financial Services (BIFS Glinton, office manager with Glinton, Sweeting and O'Brien, was the 2010 recipient of the award. In addition to creating the Professional Education Prize, the AIBT has launched a Language School, which provides free classes to staff of member firms. It has also partnered with the Bahamas Association of Compliance Officers (BACO elling scholarship that will allow student attendance at a major international compliance conference in Mia mi. (L to R Keith Kelty; D. Sean Nottage; James C. Schaefer; Robert P. Jensen, Accuvest managing director; David Thain, AIBT chairman; Delarese Basden-Williams; and Giavanna A.G. Harrison. Banks launch key educational fund L to R: BFSB chairman Paul Winder; Deputy Prime Minister Brent Symonette; Dominique L. Glinton; and AIBT chairman David Thain.

PAGE 11

mately lead to a loss of hard currency revenues for the Bahamas as settlement rates trend towards the termination rate for incoming international calls, and deliver little added value to the Bahamian economy by removing the incentive for BTCs rivals to develop their own network infrastructure. And Cable & Wireless (LIME sition target in criticising an initial URCA assessment of BTCs efficiency, describing the lines per employee measurement as a notoriously dangerous measure to use. Explaining its rationale for BTC to continue offering free local calls, despite charging rival operators an interconnection fee to connect calls between their respective customers, Cable & Wireless said there were numerous examples of markets where local call costs were included in customer access charges and non-zero interconnection fees were levied. Furthermore, even in markets characterised by a history of metered local calls, competition is forcing retail prices to move towards unmetered through the introduction of unlimited packages bundled with access charges, Cable & Wireless said. These markets continue to have non-zero local interconnection charges. From this it is clear that in a competitive market, consumers increasingly value a bundle or combination of services, and there need be no specific link between the retail charging mechanism for calls and the mechanism for local interconnection. And the regional telecoms operator, which is in talks with the Government and its BTC privatisation committee to acquire a 51 per cent majority holding in the state-owned company, for a reported purchase price of between $200-$230 million, also warned that forcing it to offer free local call interconnection would undermine its Universal Service Obligation (USO There is a clear risk in the Bahamas that the retail prices for access and local calls do not cover the substantial costs of providing these services in a geography such as the Bahamas, and requiring BTC to offer intraisland interconnection would increase the distortion created by this mismatch between prices and costs, to the detriment of the economic efficiency that liberalisation seeks to bring, Cable& Wireless said. It would therefore be contrary to the interests of the consumer to impose local interconnection rates below the cost of supplying this service.: When it came to URCAs initial studies on BTCs efficiency, Cable & Wireless said it was not sufficient to select rival Caribbean islands and the likes of Malta/the UK Channel Islands as comparative jurisdictions simply because they, too, were islands. For the costs of terminating local calls it is the traffic density that is important, and for interisland and transit charges, scale is by far the dominant factor in determining average costs, Cable & Wireless said. For instance, Manhattan is an island, yet no one would expect the costs of terminating traffic within Manhattan to be at all comparable to those costs in the Bahamas; the scale and density of traffic demand would result in much lower costs in Manhattan........ And BTCs likely strategic partner added: BTC is obliged to serve many dispersed and remote local markets across the islands that it serves, and will most likely have a traffic density far lower than in any of URCAs comparator markets. Indeed, this highlights one of the major challenges faced by BTC; maintaining universal service across a unique geography. This uniqueness renders any such benchmarking largely irrel evant, and it should therefore not be used to justify lowering BTCs rates. As for the number of telephone lines per employee measurement used by URCA to determine BTCs efficiency, Cable & Wireless blasted: This is a notoriously dangerous measure to use, as the different degrees of outsourcing used by different operators renders comparison largely meaningless. Any over-correction when it came to BTCs efficiency could undermine BTCs ability to sustain service, particularly to remote customers. And Cable & Wireless added: Under private ownership, the profit motive will drive operational efficiency at BTC, which in turn will feed into accounting separation costs and regulated prices. BTC needs no additional stimulus to seek operational efficiency, and the interests of consumers are not served by forcing reductions to prices below BTCs actual costs. Elsewhere, Cable & Wireless agreed that BTC should not include in its RAIO the ability for other licensed, Bahamasbased operators, to terminate international calls on BTCs own network. Backing URCAs decision not to regulate the settlement rates that BTC charged international operators for terminating their incoming calls to the Bahamas, since no end-users here would be impacted, Cable & Wireless said the revenues generated provide a welcome boost to the Bahamas economy and gave BTC a funding source for its USO obligations. Yet BTCs likely strategic partner warned that URCAs proposals would have the effect of whittling down settlement rates to cost-oriented levels, and Cable & Wireless said: With few barriers to entry to becoming an operator licensed in the Bahamas and competing in the market for transiting interna tional calls to the Bahamas, any settlement premium to the domestic termination rate would be rapidly competed away. Breaking down this market into two one for the transit of international incoming calls to the Bahamas, the other for their settlement Cable & Wireless said there was active competition in the first, and given its commercial arrangements with foreign telecoms operators, no market failure requiring regulatory intervention. Drawing on Jamaicas liberalisation experience, where regulators imposed cost-based rates for international incoming services, Cable & Wireless said that by December 2003, settlement rates for fixed-line calls were averaging $0.14 down from $0.19 in January 2001. The settlement rates, it said, trended towards the international call termination rate as new entrants to the Jamaican market negotiated settlement rates at a margin above the termination rate. New operators became margin gatherers, Cable & Wireless said, pointing out that in early January 2004 when the termination rate was reduced to $0.01 with the removal of Jamaicas Access Deficit Charge (ADC the settlement rate dropped to $0.017. Arguing that every $0.01 fall in the settlement rate cost Jamaica $300,000 per month in foreign currency revenue inflows, Cable & Wireless said that if URCA directed provision of this service, it should restrict cost-based interconnection to operators that had invested in their own network infrastructure. This would help sustainable competition. If service providers that have made little or no investment in infrastructure are able to obtain access at the same cost-based rate as network operators, there will be no incentive for operators to develop any network of their own, Cable & Wireless warned. This will result in competition in name only as numerous service providers effectively resell the services of network operators without contributing to the development of the telecommunications infrastructure in the Bahamas. This kind of competition will not be sustainable in the longrun, and in the absence of regulation, and will deliver little value-added to the Bahamian econ omy. C M Y K C M Y K BUSINESS PAGE 6B, WEDNESDAY, NOVEMBER 3, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM Mrs Bowleg saying: Our commitment is for one l ocation at a time. The Bahamas had two Subway franchises operated by Floyd Miller and Wesley Bastian until earlier this year, when Mr Bastian lost his rights to the sandwich and salad franchise, and converted some of the former Subway locations to his own brand, Bahamas Subs and Salads. Mr Bastian informed Tribune Business last week that he is moving the Bahamas Subs and Saladsb ranch that has been operating out of the former Subway location on Charlotte Street to Village Road. This could pave the way for John Bull to reopen Subway downtown. Meanwhile, the John Bull-owned GUESS store in the Marathon Mall closed on October 30. The company determined that it did not wish to stick with the franchise after GUESS made new demands of the company, according to Mrs Bowleg. The new business model for a GUESS stand lone store requires GUESS Los Angeles to either own the store or enter into a joint venture with John Bull.John Bull had no interest in continuing the business in this manner, said Mrs Bowleg. The John Bull executive said customers can still purchase GUESS watches, handbags, fragrances, sunglasses and accessories in select John Bull stores, although GUESS brand clothing will no longer be available. All the staff from the store were transferred to other John Bull locations, she added. Meanwhile, with the recent opening of Party Land, Mrs Bowleg said the company hopes to encourage more Bahamians to shop at home rather than abroad, the store having come to fruition after the company obtained feedback from customers expressing that the Bahamas needed a complete party store offering a large range of themed items for adults and kids. We felt compelled to take party supplies retail to another level in the Bahamas.The company has been selling party supplies at our Business Center for many years, and saw the expansion into this business as an excellent opportunity. The n ew addition to the Harbour Bay Shopping Centre provided the perfect location, said Mrs Bowleg. Five full-time and two part-time staff are present ly employed at the store. Speaking to John Bulls decision to expand and diversify at a time when many other businesses are consolidating or shutting down, Mrs Bowleg said: John Bull was founded in 1929 during the time of the Great Depression, when other establishments in that era were either closing down or not looking to expand.Our decisions to expand/diversify are based on consumer demands for new product offerings in various categories. We are able to offer luxury at all levels (afford able to the luxurious) because we are such a diver sified company.Luxury retail remains at the heart of our operation, (but only way to move ahead in this economy. FROM page one Potential buyer FROM page one John Bull

PAGE 12

ernment may not have fully understood its plans, which involve partnering with existi ng Bahamian retailers rather than driving them out of business, Sandy Schaefer, Robin Hoods president, said his goal was to enable Family Island residents to purchase food and other goods at the same prices enjoyed by New Providence residents, something he b elieved would help reduce poverty and raise living standards. Were still trying to set up Robin Hood franchises in the Family Islands, Mr Schaefer told Tribune Business, explaining that the Government hadbeen reluctant to approve such a plan, which he had disclosed last year. They felt that if they let Robin Hood go out there, it would kill the local business es, he added. Yet, outlining the basic con cept of his proposal, Mr Schaefer said: A lot of people in theF amily Islands are being exploited by usurious kinds of practices and freight rates. Were looking for franchisees, not to own our own stores. When we aggressively start pursuing that, we will find local purveyors to grow with and convince them to buy goods cheaper than they are currently getting. B y partnering with Robin Hood and becoming a franchisee, Mr Schaefer said Family Island grocery retailers would be able to source a greater range of products and at better prices through himself, making their stores destination outlets for their communities with consumer prices the same as those found on New Providence. Next year, we will aggres sively start looking for franc hisees in all the Family Islands Exuma, Eleuthera, Andros, Mr Schaefer told Tribune Business. Theres a lot of people on those islands suffering in poverty, and they will benefit greatly from reduced costs. Tribune Business revealed last week how Mr Schaefer was l ooking at investing a further $30-$40 million over the next four years to expand the retailer's total Bahamian store port folio from the current two to six. "We're looking for another four to five acres to build our own shopping centre, probably somewhere in the south," Mr Schaefer said of plans for a third Robin Hood store in New Providence. "I think there's a great market unexplored down there. I have a couple ofo ptions we're looking at, and if anyone has land they're looking to sell cheaply, give me a call. "Beyond that, we're looking for a fourth store and then will consider New Providence totally developed. Our logical next step will be Abaco over Freeport, and then we will do Freeport, all in the next three to four years." Asked how much investment this would involve, Mr Schaefer t old Tribune Business: "If you look at everything involved the cost of acquiring the land, building the shopping centre, fixturing it and stocking it, you're looking at a minimum for another four locations of anywhere from $30-$40 million." S ome 55-65 contractors and tradesmen are working feverishly to get Robin Hood's Prince Charles store ready for a pre year-end opening, and Mr Schaefer added: "I would say that as far as the building is con-c erned, we're better than 50 per cent of the way there. We're actually going to start stocking the store in the next three-anda-half to four weeks." Apart from the new Robin Hood store itself, Mr Schaefer confirmed that he also plans to construct -beginning in Decem ber or the New Year a $4-$4.5 million, 44,000 square foot, twofloor shopping centre on the same four acre property. It willbe located in front of Robin H ood, closer to the actual road way itself. "I'm sure you're looking in the hundreds," he said, when asked about the number of jobs set to be created by his expan sion venture. "There's hundreds of jobs to be created within the next 10 m onths." at least 50 new jobs at the growing grocery retailer. Mr Lightbourne, who already employs 125 people at the Gladstone Road food store which opened in December 2009, said the expansion will involve an increase in the number and variety of retail lines at Phils, with a special focus on growing their produce sales in the wake of the Prime Bahamas/Bahamas Food Services merger. Wholesale liquor will also be introduced. We are putting in a massive cooler and taking the produce market to another level. Since Prime Bahamas (recently absorbed by BFS) shut its doors, the retail market has gone really weak. We are going to pick up the slack, said Mr Lightbourne. A former Bahamas Food Services employee, who spent 30 years at the food wholesaler, Mr Lightbourne, who left his post as director of operations in 2009, yesterday hit back at claims that his low prices stemmed from Customs Duty or Stamp Tax evasion, or from any financial backing by Craig Flowers, chief executive of the FML Group of Companies. Denying all these allegations, he further refuted a rumoured involvement in Associated Grocers of the Bahamas the company which last week signed a Memorandum of Understanding with BSL Holdings, the majority shareholder in City Markets, to purchase their 78 per cent stake. However, the former BFS employee said that unlike many in the grocery retail/wholesale business, he is not crying about but, rather, supports, any movement by BFS into the retail market. BFS general manager Don Carnine had sought to distance BFS from the buy out of City Market on Monday, but admitted that it is BFS principal, Ben Frisch, who is leading the move to acquire the company. I am not a part of it, but I am not opposed to it. I am 100 per cent behind it if they have the financial backing and expertise. They are the only company with the expertise, the buying power and the manpower to take City Markets to another level. The whole society is crying about it, but whats going to happen otherwise is that in the next couple of weeks 700 people are going to be laid off, and you know how many families that is, said Mr Lightbourne, adding that he welcomes greater competition in the Bahamian grocery market if it makes other retailers drive down their prices. As other retailers try to figure out what I am doing, Mr Lightbourne told Tribune Business he has a vision on a mission, which is to reduce the cost of quality foods for the average Bahamian. Phils Food Services has developed a reputation for its meat packages, which at just under $100 provide a variety of meat products such as steaks, burgers and shrimp in such quantities that they could reasonably feed a family of four for a month. The only way to make a name in this industry is to put something together that has never been done before. I put together a package and I came in at a time when families were hurting. Thats how I got my name and my buying power, said Mr Lightbourne. Buying in bulk when prices are lowest, and using loss leaders items sold at cost or less to draw in customers in greater volume is key to Phils Food Services strategy, said the businessman. If you carry 5,000 items and sell 30 at cost, will that hurt you? The other 4,000 will make up for whatever you lost there, he said. I do not buy 100 cases of pork loin or steaks. I buy 2,0000 or 3,0000 thousand steaks five or six months supply instead of a week. The American economy is as bad as anywhere, and there are so many deals out there you have to search for it. After being at BFS for so many years, I came into industry and my name took me a long way, said Mr Lightbourne. He said some of the same players in the industry who he believes protested about his low prices when he opened now sell the same items for the same price. I sell chicken leg quarters for 69 cents a pound. Every wholesaler went to Customs saying its impossible for me to sell it for 69 cents when I first entered the market, and now they are all selling it for 69 cents a pound. I buy it when it goes down to 29 cents to 40 cents per pound, and land it for 53 to 56 cents per pound. If you buy it for more than 40 cents you are landing it for 63 cents. I use it as a draw item, explained Mr Lightbourne. The businessman said that complaints to the Customs Department from competitors when he first opened his doors were such that Customs spent the whole of the first month I was open at my place. When they left the could see I had the best record of anyone, added Mr Lightbourne. Phils Food Services owes Customs zero, and I pay on time. Nonetheless, Mr Lightbourne said the response from the public towards Phils Food Services has been per cent support. Theyve been amazing, said the businessman, claiming that he has sold 300,000 steaks since opening and regularly shifts five 40-foot containers worth of produce in a week, having seen foot traffic through the store grow to 20,000a month of late. Each week I think: What will I put on special for Bahamians this week?. Others are saying how can they get an extra five or ten cents here or there, he charged. But despite his apparent success, Mr Lightbourne revealed he does not intend to stay in the business for more than six years. Then I intend to enjoy my life and see the world. If I walk away with something, I will have walked away knowingI have helped take care of the Bahamian people, making sure they all eat well and that the whole government and those in the industry make sure they bring prices down, he said. C M Y K C M Y K BUSINESS T HE TRIBUNE WEDNESDAY, NOVEMBER 3, 2010, PAGE 7B TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM 52wk-Hi52wk-LowSecurit y Previous CloseToday's CloseChangeDaily Vol.EPS $Div $P/EYield 1.261.00AML Foods Limited1.011.010.000.1500.0406.73.96% 10.759.67Bahamas Property Fund10.6310.630.000.0130.200817.71.88% 6.184.50Bank of Bahamas4.904.900.000.5980.2608.25.31% 0.580.18Benchmark0.180.180.00-0.8770.000N/M0.00% 3 .492.84Bahamas Waste2.842.840.000.1680.09016.93.17% 2.152.14Fidelity Bank2.172.170.000.0160.040135.61.84% 12.509.62Cable Bahamas10.4710.470.001.2270.3108.52.96% 2 .842.36Colina Holdings2.362.360.000.7810.0403.01.69% 7.005.40Commonwealth Bank (S1 6.506.500.000.4220.23015.43.54% 3.651.63Consolidated Water BDRs2.082.080.000.1110.04518.72.16% 2.551.60Doctor's Hospital1.601.600.000.1990.1108.06.88% 6.995.94Famguard6.076.070.00-0.0030.240N/M3.95% 10.207.29Finco7.297.290.000.2870.52025.47.13% 1 1.408.77FirstCaribbean Bank9.749.740.000.6450.35015.13.59% 5.513.75Focol (S 5.465.460.000.3660.21014.93.85% 1.001.00Focol Class B Preference1.001.000.000.0000.000N/M0.00% 5 .595.00ICD Utilities5.595.590.000.0120.240465.84.29% 10.509.92J. S. Johnson9.929.920.000.9710.64010.26.45% 10.0010.00Premier Real Estate10.0010.000.000.9910.80010.18.00% 52wk-Hi52wk-LowSecuritySymbolLast SaleChangeDaily Vol. 99.4699.46Bahamas Note 6.95 (2029BAH2999.460.00 1 00.00100.00Fidelity Bank Note 17 (Series A) +FBB17100.000.00 100.00100.00Fidelity Bank Note 22 (Series B) +FBB22100.000.00 100.00100.00Fidelity Bank Note 13 (Series C) +FBB13100.000.00 100.00100.00Fidelity Bank Note 15 (Series D) +FBB15100.000.00 52wk-Hi 52wk-Low Symbol Bid$ Ask$ LastPrice DailyVol EPS$ Div$ P/E Yield FINDEX: CLOSE 000.00 | YTD 00.00% | 2009 -12.31%30 May 2013 20 November 2029TUESDAY, 2 NOVEMBER 2010B ISX ALL SHARE INDEX: CLOSE 1,488.10 | CHG 0.00 | %CHG 0.00 | YTD -77.28 | YTD % -4.94BISX LISTED DEBT SECURITIES (Bonds trade on a Percentage Pricing basis)Maturity 19 October 2017 7%RoyalFidelity Merchant Bank & Trust Ltd. (Over-The-Counter Securities)29 May 2015 W WW.BISXBAHAMAS.COM | TELEPHONE:242-323-2330 | FACSIMILE: 242-323-232019 October 2022 Prime + 1.75% Prime + 1.75% 6.95%BISX LISTED & TRADED SECURITIES AS OF:7% Interest 52wk Hi 52wk Low Symbol Bid $ Ask $ Last Price Daily Vol EPS $ Div $ P/E Yield 10.065.01Bahamas Supermarkets5.016.0114.00-2.9450.000N/M0.00% 0.550.40RND Holdings0.350.400.550.0010.000256.60.00% 41.0029.00ABDAB30.1331.5929.004.5400.0009.030.00% 0.550.40RND Holdings0.450.550.550.0020.000261.900.00% 52wk-Hi52wk-LowFund NameNAVYTD%Last 12 Months %NAV 3MTH 1.50561.4076CFAL Bond Fund1.50564.65%6.96%1.482477 2.92652.8300CFAL MSI Preferred Fund2.91871.10%3.13%2.919946 1.55791.4920CFAL Money Market Fund1.55793.37%4.42%1.539989 3.20252.8522Royal Fidelity Bahamas G & I Fund2.8624-8.16%-7.49% 13.638813.0484Royal Fidelity Prime Income Fund13.56421.47%2.95% 114.3684101.6693CFAL Global Bond Fund114.36849.98%12.49%109.392860 106.552899.4177CFAL Global Equity Fund106.55284.75%7.18%100.779540 1.13181.0000FG Financial Preferred Income Fund1.13183.85%5.22% 1.09691.0000FG Financial Growth Fund1.09692.71%6.44% 1.13201.0000FG Financial Diversified Fund1.13203.79%5.71% 9.69389.1005Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 19.69383.77%5.71% 11.236110.0000Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 210.5308-2.23%4.10% 10.00009.1708Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 39.4372-5.63%-5.63% 7.96644.8105Royal Fidelity Int'l Fund Equities Sub Fund7.88302.15%6.29% BISX ALL SHARE INDEX 19 Dec 02 = 1,000.00 YIELD last 12 month dividends divided by closing price 52wk-Hi Highest closing price in last 52 weeks Bid $ Buying price of Colina and Fidelity 52wk-Low Lowest closing price in last 52 weeks Ask $ Selling price of Colina and fidelity Previous Close Previous day's weighted price for daily volume Last Price Last traded over-the-counter price Today's Close Current day's weighted price for daily volume Weekly Vol. Trading volume of the prior week Change Change in closing price from day to day EPS $ A company's reported earnings per share for the last 12 mths Daily Vol. Number of total shares traded today NAV Net Asset Value DIV $ Dividends per share paid in the last 12 months N/M Not Meaningful P/E Closing price divided by the last 12 month earnings FINDEX The Fidelity Bahamas Stock Index. January 1, 1994 = 100 (S) 4-for-1 Stock Split Effective Date 8/8/2007 (S1) 3-for-1 Stock Split Effective Date 7/11/200730-Sep-10 30-Sep-10 107.570619 105.776543 30-Jun-10 30-Sep-10 NAV 6MTH 1.460225 2.911577 1.524278TO TRADE CALL: CFAL 242-502-7010 | ROYALFIDELITY 242-356-7764 | FG CAPITAL MARKETS 242-396-4000 | COLONIAL 242-502-752530-Sep-10 30-Sep-10 30-Sep-10 30-Sep-10 31-Aug-10MARKET TERMS30-Sep-10 30-Sep-10CFAL Securities Ltd. (Over-The-Counter Securities)31-Aug-10BISX Listed Mutual FundsNAV Date 30-Sep-10 30-Sep-10 Retailers aggressive Out Island franchise planning FROM page one Food retailer eyes $2.5m expansion FROM page one

PAGE 13

By BRENT STUBBS S enior Sports Reporter b stubbs@tribunemedia.net FREEDOM Academy, Mt Carmel, Temple Christian and Carlton Francis emerged as the four playoff teams in the girls segment of the Temple Christian Academys first Elementary Basketball Tournament. Yesterday at the Temple Christian Academy Auditorium, Freedom Academy fin ished undefeated at 3-0 with a 13-3 win over St Annes Bluewaves to lead Pool A, while Mt Carmel stunned Yellow Elder 13-8 for second place. In Pool B, Temple Christ ian pulled off a pair of routs with an 18-2 decision over Carlton Francis and a 17-2 spanking of Centreville to post a 3-0 record. Carlton Francis came back and shutout St Johns 2-0 for sec ond place. The girls play is finished. The competition is now start ing to stiffen up as we head into the playoffs, said tournament director Keno Demeritte. All teams are getting primed, so we are going to get to see some more challenging games for the playoffs. The four teams will have to wait until Friday when Freedom Academy cross over and play Carlton Francis and Mt Carmel take on Temple Christian. What is interesting to note is that Sherman Smith coaches both Freedom Academy and Carlton Francis, which makes one wonder which team he will lean more towards winning to secure their berth into Fridays championship. This is the second tourna ment that I coached both Freedom Academy and Carl ton Francis into the playoffs, Smith said. Its going to be fun because I know both teams are capable of beating each other. While the girls playoffs have been set, the 13 teams will begin play today in three pools in the boys segment. They will wrap up play Thursday before their playoffs set for Friday. Heres a summary of the girls games played yesterday: T T e e m m p p l l e e C C h h r r i i s s t t i i a a n n 1 1 8 8 , C C a a r r l l t t o o n n E E F F r r a a n n c c i i s s 2 2 It appeared that Temple Christians swamping defence was going to shutout Carlton E Francis. But after falling behind 14-0 at the half, Carl ton E Francis managed to get o n the scoreboard in the seco nd half. By then, the damage had already been done as Temple Christian cruised to their sec ond victory behind China Currys six and the four apiece from Tiffany Hanna and Dashae Stubbs. S S t t J J o o h h n n s s 5 5 , C C e e n n t t r r e e v v i i l l l l e e 4 4 Just when St Johns needed a lift, they got it from their opponents when a player from Centreville scored in St Johns basket to seal the deal. St Johns got two points from J Callendar and J Campbell was credited with the errant basket to go along with her free throw in the win. M M t t C C a a r r m m e e l l 1 1 3 3 , Y Y e e l l l l o o w w E E l l d d e e r r 8 8 They played a real defen sive battle in the first half as Mt Carmel held onto a 4-3 advantage. But in the second half, Mt Carmel surged ahead 8-5 and Yellow Elder blew a couple of trips to the free throw line. That enabled Mr Carmel to preserve the win. In a balanced scoring attack, R Elezerir and D Christopher both scored four and A Sherman added three, while D Saintelies chipped in with two. Yellow Elder got five from D Lubien and two from Tavante Roker. F F r r e e e e d d o o m m A A c c a a d d e e m m y y 1 1 3 3 , S S t t A A n n n n e e s s 3 3 After falling behind 6-0 at the half and 11-0 early in the second period, St Annes avoided getting shutout for the third straight game. Thanks to a free throw from Breadawn Smith, St Annes finally got on the scoreboard and they went on to cut the deficit to 11-3 as Beyonce Scott canned a jumper. Freedom Academy, who came out with a twin tower, rallied once again on Cally Australe as she pumped in all of their points for the second time in three games. They played much better and they had much more confidence, said St Annes coach Whittington Brown about rebounding from the two pre vious shutouts on day one. We didnt really have a chance to practice, but they played much better. I think if they had a little more time, they would play even better. T T e e m m p p l l e e C C h h r r i i s s t t i i a a n n 1 1 7 7 , C C e e n n t t r r e e v v i i l l l l e e 2 2 They were too aggressive in the first half, surging to a 13-0 lead. But after the break, Centreville managed to score their only basket to start the second. That seemed to have sparked Temple Christian as they tightened up their defence and they ran different line-ups to hold on for the win. T Hanna led the attack with eight, China Curry had five and both A Pinder and S La added two. C C a a r r l l t t o o n n F F r r a a n n c c i i s s 2 2 , S S t t J J o o h h n n s s 0 0 The final game of the day came down to a defensive battle as both teams were held scoreless in the first half. It wasnt until mid-way in the second half that Tanea Bowleg canned the only basket on a jumper after one of their players almost scored in St Johns rim. This is their first year playing, so we are just building the programme, said St Johns coach Tamica Rigby. They were a bit jit tery at the beginning, but with a little more practice, I know they will get better. By RENALDO DORSETT Sports Reporter rdorsett@tribunemedia.net T he emotional highs and lows continue for Magnum Rolle on his path towards being on an NBA roster. Rolle was the third overall pick in Monday night's NBADevelopmental League draft when he was selected by the Maine Red Claws, the NBA's affiliate of the Boston Celtics and Charlotte Bobcats. Just a week ago, Rolle was expected to be a member of the opening night roster for the Indiana Pacers, but was released a day before the NBA opened its regular sea son and two days before the Pacers were scheduled to debut its 2010-11 roster. Although affiliated with the Boston Celtics and Charlotte Bobcats, players in the DLeague are essentially free to sign with any NBA team should the opportunity arise. Rolle will join current Red Claws players Paul Harris, Tiny Gallon and Mario West in an attempt to lead the team back into playoff form. As one of the final three players cut, the Pacers had t he option to have Rolle a ssigned to their affiliate, the F ort Wayne Mad Antz, however, chose not to do so leaving the door open for the Red Claws to make the selection. Both players selected ahead of Rolle, the 6'11" 230-pound forward out of Louisiana Tech, have experienced brief stints with NBA clubs in recent years. Nick Fazekas was taken with the first pick in the draft by the Reno Bighorns, while A lan Anderson was selected second overall by the New Mexico Thunderbirds. Fazekas was a star in the NCAA, a two-time AllAmerican at Nevada, Reno, was drafted in the second round of the 2007 NBA draft by the Dallas Mavericks. He appeared in 26 NBA games with the Mavericks and the Los Angeles Clippers during the 2007-08 season. Anderson, a former star at M ichigan State, appeared in 5 3 games with the Charlotte B obcats form 2005-07. Other notable first-round selections include former NBA Draft picks Robert Vaden (the 54th pick by the Charlotte Bobcats in 2009), Cheikh Samb (the 51st selection by the Los Angeles Lakers in 2006 and Salim Stoudamire (31st overall selection of the Atlanta Hawks in the 2005 NBA Draft. T he Texas Legends selected veteran guard Antonio Daniels, with the 13th pick of the second round Daniels, a surprising DLeague entrant, was the fourth pick in the 1997 NBA Draft, and averaged 7.6 points and 3.4 assists in 868 NBA games. Rolle's selection marks the third consecutive year that a Bahamian was taken in the D-League Draft. B ennet Davis was selected 4 1st in the 2008 NBA DL eague draft by the Utah Flash. In two seasons, he averaged 13.7 points and 7.7 rebounds while shooting 41 per cent from the field. His most notable D-League achievement came when he was named to the NBA DLeague's Select team which competed against some of the league's best rookies and young talent at the 2010 Las Vegas Summer League. M itchell Johnson was selected with the 80th overall pick in the fifth round by the Tulsa 66ers. After a brief stint in the D-League, Johnson moved on to play professionally in Mexico while Davis now plays in Hungary. T T E E N N N N I I S S L L U U N N N N E E L L I I M M I I N N A A T T E E D D JUSTIN Lunn lost in the second round of the F29 futures in Niceville, Florida, this past weekend. Coach Greg Russell said that after a gruelling two and-a-half hours with practically every game going to deuce and add with one service break each set, Lunn was defeated by Mark Oljaca of the USA 3-6 3-6. Lunn is slated to head to Pensacola this week for the F30 futures. S S O O F F T T B B A A L L L L E E X X U U M M A A C C H H U U R R C C H H L L E E A A G G U U E E A CTION in the Exuma C hurch League continued on Saturday with the fol lowing results posted: Soul Winner's Gospel blanked Church of God of The Ferry 7-0; Mt Carmel def. St Margret Stuart Manor 53; Church of Prophecy def. St Peters 9-6; Palestine def. Gilead 11-9. C M Y K C M Y K WEDNESDAY, NOVEMBER 3, 2010 THETRIBUNE PAGE 12 P AGES 13 &14 International sports news TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM Colts top Texans, take charge in AFC South... See page 14 Magnum 3rd overall pick in NBA D-League draft By RENALDO DORSETT Sports Reporter rdorsett@tribunemedia.net THE ICC has announced the final squads for the eight-team Pepsi ICC World Cricket League Division 8 tournament which is scheduled to be played November 612 in Kuwait. Teams from Suriname, Vanuatu, Bhutan, Gibraltar, Germany, Zambia and the Bahamas are expected to join host Kuwait for the first ever WCL Div. 8. The top two sides at WCL Div. 8 will win promotion to the WCL Div. 7 to be staged in Botswana in May next year. As the international profile of our national cricket programme continues to grow, the Bahamas is preparing to face arguably its toughest test yet in the month ahead. Members of the Bahamas men's senior national cricket team gearing up for the challenge to compete at the Pepsi International Cricket Council's World Cricket League Division Eight are: Gregory Taylor, Marc Taylor, Jonathan Barry, Gerron Dean, Jermaine Adderley, Mario Ford, Dereck Gittens Jr, Robert Ford, Ashmeid Allie, Shanaka Perera, Julio Jemison, Dwight Weakley,G regory Irvin and Naren dra Ekanayake. The Bahamas will have to finish in the top two to be promoted into Pepsi ICC World Cricket League Division Seven,w hich is scheduled to take p lace in Botswana in May next year. Teams that have already qualified for that tournament are the host country Botswana, Japan, Nigeria and Norway. The matches will be hosted on four match grounds in Kuwait, Hubara, Unity, KEC and Sulaibiya. This particular event will feature eight sides, whereas other ICC events traditionally hosted six teams in the World Cricket Leagues and thus the tournament is being played in a format with two groups of four. In the group stages, each team will be assessed two points for a win, one point for a tie and will receive no score for a loss. The sixth day of the tournament will feature playoffs between the groups after the final group standings have been completed. The Division Eight finals and position playoffs will conclude the tournament on its finalday. The senior national team will travel early to Kuwait to familiarize itself with the surroundings and participate in a few exhibition matches before the tournament gets underway. ICC announces final squads for Pepsi Div. 8 cricket tourney DRAFTED: Magnum Rolle was the third overall pick in Monday nights NBA D-League draft. SPORTS IN BRIEF A SPECIAL edition of the Best of Sports World TV show is expected to be aired 8:30pm tonight when commentator Carlos Mackey hosts American Ambassador Nicole Avant. And it is slated to be rebroadcasted 6pm Saturday. In the show, Mackey will talk to the American on her appointment in the Bahamas, her work and keen interest in the world of sports. I interviewed her and she is going to tell the Bahamian people about how she grew up in California and she will talk about her lifestyle, which saw her journey around the world in the field of music, Mackey said. She told me that she eventually got into a mentoring programme where she was helping young girls. She feels its so essential for young girls to develop their self-esteem before they become mothers. Its also important for them to get an education because once they get an education, they can be set up for life to do some positive things in society. Appointed by US President Barack Obama and sworn in by former president Hillary Clinton, Mackey said Avant was delighted when she came here. Former Governor General Arthur Hanna accepted her letter of credence. Arrival Since her arrival, Avant has engaged her services in the Willamae Pratt School for Girls and the Woodstock Elementary School where she and her staff have been assisting the young girls. She said she has some other things on the drawing board that she will reveal as soon as they are imple mented, Mackey said. As a close and personal friend of Ervin Magic Johnson, Mackey said he learnt in the pre-taping of the show that Avant is a huge sports fanatic and she will provide her own views on a number of local and international issues. Mackey said he enjoyed inter viewing Avant and hes confident that the public will be quite entertained. Special edition of Best of Sports World TV show tonight UP CLOSE & PERSONAL: Nicole Avant Four teams in playoffs F e l i p M a j o r / T r i b u n e s t a f f BALL HANDLER: A Temple Christian Suns players in action yesterday.


Pim blowin’ it

83F
75F

<<. SHOWERS

Volume: 106 No.287

HIGH
LOW



aU



m Lhe Tribune

BAHAMAS EDITION

www.tribune242.com

WEDNESDAY, NOVEMBER 38, 2010

SS
a
aS

BAHAMAS BIGGEST



Drugs mou
li wormntall
anduction

POLICE are investigating reports that a foreign



Ti

ety

La

a



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









woman is missing after being bundled into a car by
three henchmen of convicted drug dealer Lynden
“Dodo” Bethel Sr outside a West Bay Street strip-
club on Monday night.

The matter was said to have been first reported by
the woman’s boyfriend, whose story was later cor-
roborated by other witnesses, however details of
the incident remain sketchy as a formal police report
has yet to be issued.

This comes as senior officers revealed they are
considering providing protection for the five people
arrested in connection with the stabbing death of
Dodo Bethel’s son at a East Bay Street nightclub



MAGIC CITY: The woman was reportedly
abducted outside of this club

SECURITY THWARTS ZNS COPPER WIRING THEFT

By TANEKA THOMPSON
Tribune Staff Reporter
tthompson@tribunemedia.net

installed last week — about
two months after the daylight
theft of 150ft of copper straps
from the site, disrupting ZNS'
national radio station
1540AM.

Carlton Smith, deputy gen-
eral manager of operations
and support at ZNS, said the
guards startled two men who
were spotted at the back of

SEE page eight

SECURITY guards thwart-
ed thieves intent on stealing
copper wiring from ZNS'
South Beach transmission site
yesterday morning, according
to an official at the broad-
casting agency.

The wiring was part of
transmission equipment

BICLIGN Slat Nie eNO

You Can Be Blown
Away By A Hurricane

Or you can rest easy knowing
that you have excellent insurance
coverage no matter which
way the wind blows.

Nobody does it better.

7 | INSURANCE MANAGEMENT

(HAMASAS) LIMITED. INSURANCE EHORERS & AGENTS

per res Grand Bahama Abaco oe | bums

(Rf Tt 0 fe fe 3
Ae



over the Halloween weekend.
According to reports reaching The Tribune, the

SEE page eight

_ LANDOWNER CLAIMS
_ ARAWAK HOMES

| CLEARED PROPERTY
_ WITHOUT WARNING

By MEGAN REYNOLDS
? Tribune Staff Reporter
; Mreynolds@tribunemedia.net

A LANDOWNER

i claims Arawak Homes
: cleared her property with-
? out any warning whatsoev-
i er.

Thelma Johnson said she

? bought six adjacent 100ft by
? 50ft lots of land off Button-
? wood Avenue, bordering
? Sadie Curtis School, in 1993
? and has had no contact with
i Arawak Homes in the 17
i years since.

But on Monday morning,

? tractors rolled in to clear the
? property in the name of
i Arawak Homes, Mrs John-
? son said.

“No trespassing” signs

? were erected by the real
: estate developer, and Mrs
? Johnson’s husband Alvah
i Johnson argued with

SEE page two

EIGHT YEAR SENTENCE: Kevin Hanna outside of court yesterday.

Felipé Major/Tribune staff

Man admits sexual
abuse of young boys

By NATARIO McKENZIE
Tribune Staff Reporter
nmckenzie@tribunemedia.net

A MAN who admitted making four
young brothers perform sex acts on him
was locked up for eight years yesterday.

Kevin Hanna, 37, father of two,
pleaded guilty in July to four counts of
having sexual intercourse with a male,
who is a minor. He admitted to sexually
abusing the four youngsters, two aged
six, one aged five and a two-year-old
between December, 2009 and April 5,
2010.

According to the prosecution, the
boys were often left in Hanna’s care by
their mother.

Prosecutor Anthony Delaney said
Hanna would sometimes offer the boys
—who knew him as “Ippie” — ice-cream

‘FLATBREAD:

BIG,

BOLD TASTE,
BIGGER SIZE.



and get them to perform sex acts on
him. He would warn the boys not to tell
their mother.

According to a statement Hanna gave
police, he admitted to making the boys
perform oral sex on him some 11 times
when he was drunk.

“All I could say is I made a big mis-
take fooling with those little boys. They
treated me as a friend.

“T betrayed their trust and took
advantage of them. I just didn’t have
control over myself. I’m sorry,” Hanna
said.

Romona Seymour, defending, asked
the judge to be lenient as she possibly
could with Hanna. She asked the court
to take into consideration the fact that
he had been forthright with police and

SEE page eight

“y
Quiznos

6 inch

$3.95

Sammie Only





NASSAU AND BAHAMM?

ISLANDS: LEADING NEWSPAPER

Make it a combo for $2
PAGE 4, WEDNESDAY, NOVEMBER 3, 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 1972-199]

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

UK, France ditch rivalry, sign defence deal

LONDON — What would Napoleon
or Lord Nelson make of this? Britain and
France struck a historic defence deal Tues-
day aimed at preserving military muscle
in an age of austerity, pledging to deploy
troops under a single command, share air-
craft carriers and collaborate on once
fiercely guarded nuclear programmes.

The often sceptical neighbours insist an
era of unprecedented cooperation is a prag-
matic fit for two cash-strapped allies,
though many question if the storied ene-
mies of the battles of Agincourt and Trafal-
gar can truly overcome centuries of mutu-
al suspicion.

Following talks in London, British Prime
Minister David Cameron and French Pres-
ident Nicolas Sarkozy said Europe's only
nuclear-armed powers had set out plans
to work closely for the next 50 years —
forming a joint rapid reaction force, sharing
warhead testing facilities and tackling
together the threats from cyber warfare
and the militarisation of space.

Cameron told his Cabinet the deal
would save hundreds of millions of pounds
as Britain seeks to clear its national debts,
while Sarkozy said he believed the pact
will help protect all of Europe.

"This is a decision which is unprece-
dented and it shows a level of trust and
confidence between our two nations that is
unequaled in history," Sarkozy told
reporters, following a summit of key min-
isters from both countries.

Though British and French forces have
fought together on fronts across the globe
— including during both World Wars and
the enemy occupations of France — the
leaders insist the accord will signal the clos-
est integration ever of their armed forces.

Under the deal, Britain and France will
form a joint expeditionary force — a pool
of at least 5,000 troops, including special
forces, able to deploy under a comman-
der from either nation.

They will in the future share their two
aircraft carriers, when Britain's new vessel
comes into service in about a decade. Fight-
er jets will be able to land on carriers from
either country, providing cover when one
nation has its carrier in dock for mainte-
nance.

To slash the hefty costs of maintaining
their nuclear weapons, the nations will
share specialist laboratories at the U.K.
Atomic Weapons Establishment in Alder-
maston, southern England, and a new cen-
tre at Valduc, southeast of Paris.

British officials acknowledged the deal
would involve closer cooperation than ever
before on nuclear weapons, but insisted
they would not divulge nuclear secrets.

"The result will make our citizens safer,
more secure and better protected in the
global age of uncertainty in which we now
live," Cameron said.

The U.S. said the deal would secure the
standing of two major NATO powers. U.S.
Secretary of State Hillary Clinton and
Defence Secretary Robert Gates had both
recently raised concern over the impact of
cuts to European defence budgets.

Last month, Britain announced an 8 per
cent cut to its annual £37 billion ($59 bil-
lion) defence budget over four years and
confirmed that 17,000 troops, a fleet of jets
and an aging aircraft carrier would all be
lost to cuts.

France will hold defence spending at
around 30.2 billion euros ($42.4 billion)
next year, but must also tackle a trouble-
some national debt.

Sceptics claim the pact is little to do with
newfound friendship, but simply a practical
response to budget cuts.

"A closer relationship between France
and Britain is more, I think, out of obliga-
tion than desire," said Fabio Liberti, of
the Institute of International and Strategic
Relations in Paris.

Cultural tensions persist between the
neighbours. Thousands of Britons enjoy
homes in France — and are often blamed
for driving up house prices.

Tens of thousands of French citizens
work in Britain, and are often scorned for
collecting large salaries in London's finan-
cial district.

Stereotypes of snooty "frogs" from
France and the U.K.'s supposed uncouth,
beer-swilling "rosbifs" — roast beefs —
live on.

(This article is by David Stringer
of the Associated Press).



Hall of Fame
missed one of
our greatest
sportsmen

EDITOR, The Tribune.

THE list of Hall of Fame
in Bahamian Sports has
again excluded one of our
greatest sportsmen in the
person of the late Roy
Ambrister.

In the late forties through
the early sixties, Roy
Ambrister held the distinc-
tion of being:

a. Heavy Weight Boxing
Champion of The Bahamas.

b. One of the top sprinters
in The Bahamas.

c. Long Distance Swim-
mer in the annual Swim

LETTERS

letters@tribunemedia.net



Marathon for Prince George
Dock to Montagu.

d. International Cricketer,
who was lauded for his per-
formances locally and in
Jamaica where he very often
represented The Bahamas.
He led the great Police
Cricket Teams of the early
fifties.

e. Played International
Soccer, representing
The Bahamas at home and

overseas.

Ihave been writing about
Roy Ambrister for several
years to attract attention of
those in power to do some-
thing in honour of this great
sports man.

In addition to his ability
in the various sports disci-
pline he was a gentleman

He was my mentor in
sports.

MR. PAUL
THOMPSON
Nassau,

November 1, 2010.

Is government help
best for street vendors
in the long run?

EDITOR, The Tribune.

SUGGESTIONS on how
to reduce the number of
street vendors here on New
Providence were recently
advanced.

They included:

Establishing an open
space where street vendors
can sell their wares.

Having different vendors
sell a variety of products on
different days. Phone cards
one day. Fish the next for
example.

Contracting a private firm
to clean and wash down the
area everyday.

Ensuring regulations are
enforced.

A few questions come to
mind:

Who will provide the
land?

Who will pay for the
cleaning?

Who will enforce the
rules?

Ideas like this might be
well intentioned, but there
are far too many similar gov-
ernment programmes that
have become symbols of
waste and even alleged fraud,
paid for at the expense of the
taxpayers of today and future
generations as a result of the

Worried About Being Left in the Dark?

International Firm

Job Title: Director of Advertising

Summary: Director of Advertising works to
assist in the development and implementation of

Te

corporate positioning and brand strategies to

ensure the delivery of a consistent message and
Responsibility to oversee

image worldwide.

corporate advertising programs and promotions.

Essential Duties and Responsibilities:

Creative thinker experienced in media buying.

Confers regarding budget,

and selection of media.
Works

with creative

background
information, objectives, presentation approaches

staff to

develop

concepts for client programs, catalogs, in-house

competitive advertising, and
proposals and presentations.

new-business

Estimates costs and supervises preparation and
presentation of print, broadcast, multimedia, or

eee

ERO ale fe)
See the Light!

oon

SDMO Generators

government debt incurred
over the years.

Take the existing straw
market for example. How
about the former Jumbey
Village? Don't forget about
the many failed packing
houses, the processing plant
at Potters Cay, or even Pot-
ter's Cay itself?

What about Bahamasair,
BEC, BTC, Bahamas Mort-
gage Corporation, Public
Housing, and the bankrupt
Hotel Corporation?

These were all billed as
imperative and the next great
government solution to some
major problem.

Government is in the
wrong business when it
involves itself in the market
for goods and services. When
schemes like this are pro-
posed and offered for public
consumption, they are sold
as the government helping
people, but they will do no

more than make these addi-
tional people dependents of
the state. And it can't be said
enough; Government has
nothing to give that it doesn't
take from taxpayers first.

If the politicians really
want to help people, why not
personally (not using gov-
ernment power) direct the
street vendors’ effort to form
a business or investment
group and lease property so
they might eventually
become owners?

This will take hard work
and coordination, but what
is in the best interest of the
country in the long run, street
vendors dependent on the
political class or independent
business people who are
owners in the economic sys-
tem?

The Nassau Institute
Nassau,
October 11, 2010

Many devout Christians would
approve cleric’s statement

EDITOR, The Tribune

Re: Insight honoured for series on marital rape. — The Tri-
bune, Insight, October 25, 2010.

It's always encouraging to discover similarities between

different religions.

For instance, many a devout Bahamian Christian would
readily approve the following statement proclaimed recent-
ly by a cleric in London — “Clearly there cannot be any
rape within the marriage.” (Reportedly pronounced by
the cleric Sheikh Maulana Abu Sayeed, president of the

Islamic Sharia Council, U.K.)

Ken. W. Knowles, M.D.
Nassau,
October 28, 2010

ear
a

online compositions for client approval.

Reviews and commissions suitable talent,
illustrations, photography or stock photos, film,

and sound.

If you see this Handsome

young man wish him a

Happy 60th Birthday

We provide atter sale parts and service as well as warranty support.
ble ot be hem tale bel oes]
Sera kan aoa oe <

x obcat
: Bovcat

Retiaw tity

Prepares detailed storyboard of television and
online scripts.

am

Oversee photo sessions or filming.

with love
from family and friends

Versavticr * Pradietivir *

Send Resume to:
Email: advdirhr@ gmail.com

(onnrfard SL, ‘Ubskes Fick!

lelephenc: J28-HG1H, 22H-S619, 328-Ho20 - Pax: 322-6904


THE TRIBUNE

WEDNESDAY, NOVEMBER 3, 2010, PAGE 5



LOCAL NEWS



COB faculty, students
in discussion with
conservationists, US
State Department reps

FACULTY and stu-
dents of the College of
the Bahamas engaged in
a lively roundtable dis-

sustainability with con-
servationists and US
State Department repre-
sentatives.

The event featured
Andrew Sharpless, CEO
of Oceana, the largest
international organisa-
tion focused solely on
ocean conservation;
Kevin Sullivan, director

of the Bureau of Western 5

Hemisphere’s Office of
Economic Policy and
Summit Coordination;
Eric Carey, executive
director of Bahamas
National Trust, and
Lionel Johnson, chair of
Chemistry, Environmen-
tal Life Sciences

(CELLS) who moderated

the session.

The discussion took
place in the board room
of the Michael Eldon
Building on Thursday,
October 15. Both Mr
Sharpless and Mr Sulli-
van were presenters at

the Caribbean Renewable :

Energy Forum (CREF),
held at the Atlantis

Resort on October 15-16.

Mr Sullivan explained
that the Obama adminis-
tration is committed to
making tough decisions
on climate change issues.

He explained that Pres- :
ident Obama’s new policy }
initiative, the Energy and }

Climate Partnership for
the Americas (ECPA), is
designed to help coun-

tries find solutions in cre- }

ating new sources of
energy.

Mr Sharpless discussed
ocean pollution, its

impact on raising sea lev- }

els, and how government

and the private sector can }

collaborate to support
sustainable energy prac-
tices.

F

Polo starting from

Our White Polos
are Periect for the office.
The Fines weaves create the

Synahure Lasker & Lasting Strength .

RESTAURANTS (Bahamas)
Limited, the KFC franchise operator
in New Providence, announced that
the company's management was
encouraged with the outcome of a
meeting with its staff yesterday.

This comes one day after employ-
ees threatened to strike if overdue
pay increases were not agreed upon.

The company said in a statement
that it is “fully aware that for some

time there have been outstanding
grievances on the part of employ-
ees, and continues to make every
attempt to deal with these concerns”.

The company has had various pro-
posals from the Bahamas Hotel
Catering and Allied Workers Union,
the representative of employees at
KFC.

However, because of the linger-
ing economic downturn, the compa-

ny said, KFC has experienced a 30
per cent decline in business over the
last three years.

“All of this was explained very
carefully to team members who were
extremely attentive, and openly
expressed their varying views on the
issues,” the statement said.

Gabriel Sastre, vice president and
general manager of KFC, explained
“that the company listened to what

KFC meets with staff
threatening to strike

cussion on environmental }

team members had to say”.

He went on to explain “that the
compromise which KFC is attempt-
ing to reach will be heavily influ-
enced by some of the sentiments
expressed by team members at the
morning meeting.

“We will continue to discuss these
concerns in good faith, and trust that
soon we will reach an amicable com-
promise,” said Mr Sastre.

US Embassy announces the fifth annual
Dr Martin Luther King Jr Essay Competition

“I have the audacity to
believe that peoples every-
where can have three meals a
day for their bodies, education
and culture for their minds,
and dignity, quality and free-
dom for their spirit.”

-Dr Martin Luther King Jr
- 1964 Nobel Peace Prize
acceptance speech

THE United States
Embassy in Nassau has
announced the details of the
5th annual Dr Martin Luther
King Jr Essay Contest.

The contest is open to high
school students in grades 10
through 12 in public and pri-
vate schools throughout New
Providence and the Family
Islands.

The top winners will



panied by an official entry
form, which is available on
US Embassy’s website and
Facebook page. Essays will
be judged based on originali-
ty, clarity of thought and
organisation, grammar and
spelling.

All submitted essays will
become the property of the
US Embassy and will not be
returned.

Student must incorporate
at least one quotation by Dr
Martin Luther King into their
response, and the embassy
advised that quotations can
be found online at the fol-
lowing sites:

http:/Avww.thekingcenter.org/D
rMLKingJr,
http:/Avww.mlkonline.net/quote
s.html

receive an all expense paid
trip to Atlanta, Georgia the
weekend of January 15, 2011,
where they will tour the Mar-
tin Luther King Centre and
other historic sites from the
civil rights movement.

The purpose of the contest
is to encourage students to
reflect upon Dr King’s life

and work and to think about
how civil rights and diversity
affect their lives. Students are
asked to select a quote from
Dr King and submit one orig-
inal essay of 500 words or less
that answers the following
question: How can I keep Dr
King’s dream alive in my
community by promoting tol-

erance, equality and a just
society?

In order to be considered
for the competition, students
are required to send their
essay submission along with
an official entry form to the
US Embassy on or before
5pm on Wednesday, Decem-
ber 1. Essays may be for-

warded to the US Embassy
by emailing:
MLKessay@state.gov, or fax-
ing 242-328-3495.

All essays must be type-
written, double spaced, with
the applicant’s name on the
top left corner of each page.
All entries must be submit-
ted by e-mail or fax, accom-










oy tr: |
CEL ES
AAO iat)!
Fas

nT ore

EMBROIDME COLLECTION *

ee Es Mie Mit leat ie im

CEmbroiaus.. 121 EAST ST, PH 322-5276





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


PAGE 6, WEDNESDAY, NOVEMBER 3, 2010

THE TRIBUNE



Underground railroad

of Bahamian

By LARRY SMITH

LAST week I took a trip
on the underground railroad
of Bahamian music. Man, I
was walking in Jerusalem
just like John. I saw a num-
ber of signs, and all the
guides remembered quite
well. And sometimes, they
even had fire and brimstone
coming out of their mouth.

We embarked at the
Doongalik station on Vil-
lage Road. Jackson Burn-
side and Charles Carter
were the conductors on a
fascinating journey to exca-
vate the memory of two
great Bahamian musicians —
the idiosyncratic guitarist
Joseph Spence (who would
have been 100 this year) and
the obeah man Tony McKay
(whose first album appeared
40 years ago, when Tough
Call was a yoot-man).

One of the guides on this
trip was 79-year-old Geneva
Pinder. She described her
Uncle Youngie as “the
sweetest man...sitting with
his pipe and singing with my
parents. My grandmother
was a Sunday school teacher
on Andros and we had to
sing from when we were lit-
tle. My mom wasn't that
learned, but she could
rhyme."

Geneva's mother, Edith,
was the sister of Joseph
Spence, who died in 1984.
And it was her rhyming — a
musical form sometimes
described as an ancestor of
rap — that attracted the
American folk artist Jody
Stecher to Nassau in 1965,
where he recorded Spence
and the Pinder family in
their Culmersville yard.

"Edith’s husband, Ray-
mond, sang bass, and their
daughter Geneva sang the

high parts," Stecher wrote
of the encounter some years
later. "Joseph Spence would
sing a part all his own, along
with his unique guitar play-
ing. One song from that ses-
sion, J Bid You Goodnight,
became world-famous not

long after The Real
Bahamas was released in
1966."

A familiar Bahamian
anthem traditionally sung at
the end of a wake, I Bid You
Goodnight, derives from the
19th century English funer-
al hymn, Sleep On Beloved.
A 1960s group called the
Incredible String Band
picked up the song from
Stecher's Bahamian record-
ing, and it went on to
become a folk standard -
most notably performed by
the Grateful Dead.

One of the finest local
performances of this
rhyming anthem was in the
2002 production of Music of
The Bahamas, by Nicolette
Bethel and Philip Burrows,
adapted from Music in The
Bahamas; its Roots, Rhythm
and Personality by Nicolet-
te's late father, Clement
Bethel. The performance is
easily found on YouTube.

Joseph Spence featured
in a couple of earlier historic
recordings. In 1958 the
American blues historian
Sam Charters taped three
hours of Spence's guitar
work that was later issued
on the Folkways’ collection,
Music of the Bahamas. And
in 1935, he was recorded by
that pioneering American

Butler’s Funeral Homes
& Crematorium

Telephone: 393-2822, York & Ernest Sts.
P.O. Box N-712, Nassau, Bahamas

Funeral Service

THEODORE
JOHN MAJOR,
“TV. Joe”,
71

of Faith Avenue
formerly of Berry’s
Long Island, will be
held on Thursday,
04th November, 2010
at 10:00 a.m. at St.
Barnabas Anglican
Church, Baillou Hill

and Wulff Roads. Officiating will be Canon Basil
Tynes and Rev. Fr. Roderick Bain. Cremation will

follow.



folklorist, Alan Lomax, for a
Smithsonian collection
called Deep River of Song.

"Nobody in the world
could play guitar like Uncle
Youngie," Mary Hall,
Spence's grand niece (and
Geneva's daughter), told the
Doongalik crowd. “I
remember those days with
the family singing in the
yard so well. The dog and
the rooster carrying on, the
music...so many good mem-
ories."

Mary's own daughter,
Leisa Hall, is a top accoun-
tant who spent several years
working for private banks in
Switzerland and Sweden.
She acknowledged that
Bahamian music was "one
of the things that helped me
define myself while living
abroad. I found Joseph
Spence albums in Stock-
holm. Hopefully, respect for
him in the Bahamas will
develop over time."

As Charles Carter point-
ed out, "We Bahamians
don't appreciate ourselves.
Spence illuminated the
world by discovering him-
self through his guitar. Over
the years there were four
different sets of recordings,
but no Bahamian has ever
benefitted from them. For-
eign companies own every-
thing. We only enjoy the
echo of his legacy."

Spence was born on
Andros in 1910 and taught
himself to play guitar. From
the age of 16 he was a
sponge fisherman. During
the Second World War he
and his wife, Louise, worked
as migrant farmers on “the
contract", where he was
influenced by a variety of
American folk traditions.

Back in Nassau he
worked in construction by
day and performed at hotels
and on yachts at night. After
The Real Bahamas was
released, his unique style
gained recognition among
international folk artists, and

he gave several US
performances in the
late 1960s and early
1970s. As Charters
noted: "I had never
heard anything like
Spence. His playing
was stunning."
Following a
heart attack in the
mid-1970s Spence
settled into a
sedate life as a
school night
watchman,
although he made
a few more
recordings for the
roots-oriented
Arhoolie label.
His gruff voice
acted as an
accompaniment
to his spectacu-
lar guitar pick-
ing, and he was
sometimes
joined by his wife Louise.

Isaw Joseph Spence per-
form only once, towards the
end of his life - on Clement
Bethel's ZNS TV show. He
died in relative obscurity in
Nassau on March 18, 1984.

KOK OK

Exuma the Obeah Man
had a similar story. Macfar-
lane Gregory Anthony
Mackey was his given name
— given on Cat island when
his mother felt the pain —
but he compressed this to
Tony McKay.

When he was born, the
midwife screamed and
shouted. He had the voice
of many in his throat, but
when Exuma, the Obeah
Man sailed with Charon in
1997, he actually did lay
down and take his rest;
dying in his sleep on a cool
January evening at the age
of 55.

Impresario Ray
Munnings, whose own mon-
ster hit Funky Nassau swept
the world in 1971, recalled
that McKay gave his first
Nassau performance at the
famous Cat & Fiddle night-
club owned by Ray's father,
Freddie Munnings Sr. "He
came with a band of white
gypsies as I called them, but
they played Junkanoo so
well. My dad was a great
influence on Tony, and my
cousin John Munnings



helped
him create his act and was
his manager in New York."
Greenwich Village was a
vibrant incubator of avant
garde culture when McKay
moved to New York in the
1960s to study architecture.
He began performing in
small bars and clubs with a
band called the Islanders and
later formed a seven-person
group that toured and
recorded albums, starting
with Exuma: The Obeah
Man in 1970 and ending
with Rude Boy in 1986.
Ray's own success with
his band The Beginning of
the End meant he was often
in New York, where he
hooked up with McKay and
other expatriate Bahamians
like Cordell Thompson, then
an editor at Jet Magazine
(and now retired in
Rolleville, Exuma following
a long career in tourism).
McKay's apartment at 14th
Street and 5th Avenue was
the scene for many of these
bohemian get-togethers.
"The first time I went
there for a drink he served
me cerasee (a bush tea) and
fried cockeye (sergeant-
major fish) with peas and
rice," Ray recalled. "Well, I
had to go get some liquor
and I don't eat cockeye."
After releasing his initial
albums on Mercury

Sandals Worldwide Representative
“Unique Vacations Limited”

Nassau Offices

Invites applications for the following position:

Jr Cisco Network Administrator

Responsibilities:

¢ Provide Ist and 2nd-tier support for network devices and carrier

circuits

¢ Monitoring of system stability, availability. and performance.

Left to cherish his memories are his wife: Evelyn
Major; one son: Kenny Major; one daughter: Opal
Albury; two grand daughters: Kady Albury and
Kenricka Major; one brother: Holland Allan
Major (Holly); two sisters: Felice Major Cartwright
Watson and Rose Major McPhee; one aunt:
Bernice Sawyer of Miami, Florida; one brother-
in-law: Ernest Cartwright Watson; one sister-in-
law: Val Major; one son-in-law: Keith Albury;
nine nieces: Katherina and Pauline McPhee, Tasha
and Cherlene Major, Tialia Robinson, Chrissy
Bain, Tara Curry, Lashan Sandaire and Cindy
Bethell; three nephews: Kevin and Jeffrey Major
Jr., and Lamount McPhee; numerous cousins
including: the Hon. Frank Watson, Solomon,
Brendon, Harold, Warren and Agatha Watson,
Alice McKenzie, Shirley, Christine, Sidney and
Keith Cartwright, Pamela Wilchombe, Phillip,
Keith, Bradley, Viola and Maria Minnis, Jewel
Bethell, Rayell Neely, Bern and Joseph Watson
and family of Virginia Beach and Uncor Global
Security family; and a host of other relatives and
friends.

Special thanks: to the medical team of Male
Medical Ward #2. PM.H.

Friends may pay their last respects at Butlers’
Funeral Homes & Crematorium, Ernest and York
Streets on Wednesday, November 3rd, 2010, 11:00
a. m. until 4:00 p.m., and at the church on Thursday
from 9:00 a.m., until service time.





¢ Ensuring 24x7x365 operation of internal and client systems.

¢ Provide services to resolve issues in the shortest time possible

¢ Assist in implementing new network technologies and equipment by
working with a team of network engineers.

¢ Perform documentation of procedures and keep them updated.

e Execute change management according to documented procedures.

Qualifications:

¢ Cisco Routers and Switching - CCNA Required. but CCNP Preferred
(NO MICROSOFT)

¢ Bachelor’s degree in a technical discipline, or equivalent work in an IT
related field.

¢ Required: Hands on work experience with Cisco Routers and Switches

e Experience with Carriers (AT&T, Verizon, BT, C&W, etc) preferred

¢ Routing Protocols: OSPF, BGP

¢ Must be familiar with assisting end users describe issues and work to
resolution

¢ Must be able to be on call 24n and be able to assist with problems
when needed

¢ Must be able to travel at least 40% and have a valid passport

Email resume with proof of qualifications and experience to:

hrreport6@ gmail.com





















s + ® { aa

ated ee
bee rt 7} py
ae
aN wy

as
= =
a=

Records,
he signed with the Kama
Sutra label, releasing the
albums Do Wah Nanny
(1971), Snake (1972), Rein-
carnation (1972), and Life
(1973). He released four
more albums in the early
1980s, but none gained
much traction.

"Tony always had prob-
lems with the record com-
panies because he wanted
to keep his music Bahamian
and he wanted to own his
catalogue," Ray said. "I
tried to help him avoid get-
ting manipulated too much
by those American lawyers.
He was a soft and easy going
guy with plenty of love —
except towards the record
companies."

After moving to New
Orleans, McKay performed
regularly at the Jazz and
Heritage festival there.
According to Ray, "Tony
had to play small gigs to sur-
vive while working to fuse
several genres of music
together — Cuban, Reggae,
Junkanoo and more. He had
a lot of unfinished music
business to take care of."

I saw him perform at one
of these gigs — a small bar
at the Paradise Island Hotel,
not long after the release of
Cat Island Man.

Former tourism official
Athama Bowe recalls visit-
ing McKay in hospital after
his first heart attack in New
Orleans. "His skin was coat-
ed with olive oil and candles
were burning all over the
room for the sperrits — he
was mixing modern medi-
cine with obeah.

"Tony was fantastic — he
wanted to develop authentic
Bahamian music and did so
much to sensitise us to what
is ours. There should be a
scholarship in his name, and
a memorial bust."

Health problems led
McKay to cut back on his
performances and devote
more time to painting, his
other great love.

In the last years of his life,
he divided his time between
Miami and Nassau, living in
a little house his mother had
left him on Canaan Lane.
And it was there that his
body was discovered 13
years ago by friends and
neighbours.

"Nothing defines us as
Bahamians," Charles Carter
complained at Doongalik.
"We don't teach Joseph
Spence and Tony McKay.
We don't teach anything
about ourselves, yet I
believe most of our prob-
lems can be solved cultural-
ly. This world-class exhibi-
tion about two icons of
Bahamian culture has suc-
ceeded in creating a dia-
logue about the Bahamian
story."

As Patrice Francis put it
in verse, Where else y'all ga
learn da underground rail-
road of Bahamian music?

What do you think?
Send comments to
larry@tribunemedia.net
Or visit
www.bahamapundit.com

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

WEDNESDAY, NOVEMBER 3, 2010, PAGE 7



LOCAL NEWS

Governor-General to

make One Bahamas —

Celebration address —
from Freeport

By DENISE MAYCOCK
Tribune Freeport
Reporter

dmaycock@
tribunemedia.net

FREEPORT - Gover-
nor-General Sir Arthur
Foulkes is scheduled to
make his address to the
nation for the One
Bahamas Celebration
from Freeport on Novem-
ber 19.

Sir Arthur will travel to
Grand Bahama with his
wife, Lady Foulkes, for the
flag-raising ceremony.

His address is expected
to be broadcast simulta-
neously all over the coun-
try, said Terrence Gape,
One Bahamas committee
chairman.

“We are very excited
this year about the One
Bahamas celebrations
(because) the Governor-
General has agreed to be
the patron,” Mr Gape
said.

He said One Bahamas
patrons Sir Orville Turn-
quest and Sir Durward
Knowles will also go to
Freeport for the celebra-
tions.

One Bahamas started
in 1992 at a critical time
in the country’s history
when Bahamians had just
come through a very divi-
sive general election.

Then Minister for
Youth Algernon Allen
started a programme
focused mainly on the
school children, but also
directed at adults to cele-
brate oneness, love of
country, the flag, the
national anthem and

national symbols.

One Bahamas has been }
celebrated for the past 18 }

years under the banner,
“One God, One People,
One Bahamas.”

The theme for the 2010 }
celebration is “Love and :

Unity.”

Mr Gape said while the }
committee makes special ;
visits to all the schools, the }
highlight of the celebra- ;
tions is the Flag-Raising :
Day ceremony which is }
conducted by the Royal :
Bahamas Police Force and }
T-shirt Day on November :

“These celebrations }
allow us to focus on one }
common interest we all :
share as Bahamians, the :
national flag and the Coat }

of Arms.

“We use these celebra- }
tions to bring focus to our |
national symbols. You :
know many of us see the }
flag and do not under- }
stand what the colours and :
the triangle stand for, nor }
do we fully comprehend :
the design of the Coat of }

Arms,” he said.

He is encouraging all }
businesses, schools and }
residents to support the }
celebrations and activities |

planned.

A church service is }
scheduled for November }
14. Flags will be erected :
at various roundabouts
and entrances to various }
settlements in celebration ;

of One Bahamas.

An essay competition :
will be held for the prima- }
ry and secondary school }
students, and six laptops ;

will be given as prizes.

Nancy Booth-Kelly is
honoured at alma mater

2010 Montclair
Kimberley
Academy
Distinguished
Alumni Award

NANCY Booth-Kelly,
together with her son Greg
Kelly, recently returned to
her alma mater in Montclair,
New Jersey to be honoured
with the 2010 Montclair
Kimberley Academy Dis-
tinguished Alumni Award
in recognition of her extra-
ordinary legacy of volun-
teerism, philanthropy and
business acumen benefitting
the people of the Bahamas.

Mrs Kelly, a member of
the Kimberley School Class
of 1952, attended a luncheon
in her honour at headmaster
Thomas Nammack's home
before addressing the MKA
Upper School students at a
special assembly.

Students

“Don’t give up,” she
advised the students, “study
hard, believe in yourselves.
Accept disappointments as
learning experiences. Each
and every one of you does
make a difference. Each and
every one of you is appreci-
ated for your individual tal-
ents. So, believe in your-
selves and your self worth.”

The Distinguished Alum-
mi Award is presented by the
MKA Alumni Council in
recognition of, and in appre-
ciation for, outstanding
achievement or distinction
in some field of endeavour,

POSITION AVAILABLE
Sr. IT Specialist
Are you interested in joining the IT department of a leading financial

institution? Through our cutting-edge technology and innovative products,
our firm aims to help its clients thrive.

We are seeking a talented, computer savvy individual to aid support of

the IT environment of our organization.

If you’re passionate about your

craft, have a positive attitude and are keenly interested in developing
new skills then we’d like to hear from you!

This will be a combination of helpdesk, network and application support
and application support work!

* BS/BA Degree or commensurate experience.

Design and deployment of large multi-server Microsoft networks
Thorough understanding of the architecture, components and core
database engine of Oracle 10g/11g and Microsoft SQL

5+ years experience managing database storage, administering users
and security, managing schema objects, database performance
tuning, backup and recovery, patches, upgrades, release migration
Deployment and administration of Active Directory, Microsoft DNS/

DHCP

Installing, maintaining, patching and upgrading servers Microsoft
Windows Server OS up to Windows 2008 and client OS up to
Windows 7. OS patching using WSUS or SCCM 2007.

Setup and maintain network data backup/restore using Symantec
Backup Exec or similar products
Supports and maintain McAfee AV installations and policy or similar

products

Configuring and maintaining Cisco router/routing, switch and related

products

Configuring and maintaining Proxy/Web Filtering and/or related

products

Strong analytical and problem solving skills
« Proven ability to trouble-shoot and resolve performance issues
Knowledge of Information security frameworks i.e. Sarbanes Oxley,
ISO 27001 and 27002 etc.
Previous Helpdesk experience
Providing support (installing local telephone sets, establishing
extensions, etc.) for VolP communications (i.e., PBX telephone) and

voice mail systems

Ideal candidates would also possess the following:
Exposure to and/or experience with SOA

Knowledge of UML

PL/SQL skills

Configuring and maintaining NetApp SAN or similar products
Configuring and maintaining Fortinet Firewalls or similar products
Design and deployment of VMware or Hyper V servers

Strong Project Management Skills

Other Requirements:

« Participate in after-hours network support and preventive maintenance

duties

* Ability to support the IT infrastructure at various sites locally and

overseas

Perform network utilization/assessments/monitoring
Plan, coordinate, and implement network security measures in order
to protect data, software, and hardware

Education/Certification/Experience:
BS or BA degree in Computer Science, Electronics, or Network



RECOGNITION: Nancy Booth-Kelly displays her Distinguished Alumni Award citation with Mont-
clair Kimberley Academy headmaster Thomas Nammack.

or through outstanding char-
acter, dedication or service
to humanity.

The award was officially
bestowed on Mrs Kelly at
MKA's Homecoming
Reunion Dinner, held at the
Montclair Golf Club on Sat-
urday, October 16. Mrs. Kel-
ly told alumni and friends
gathered at the dinner, “it
may be the greatest honour
of my life, the one that is the
most meaningful to me.”

Mrs Kelly's receipt of this
award is just one more ina
long list of accolades that
have included the 2007 Life-
time Achievement Award
from the Bahamas Cham-
ber of Commerce; the 2007
Jones Communication Civil

SOcIETE GENERALE

ae COLINA

Private Bariking

Society Lifetime Achieve-
ment Award; the Gold Busi-
ness Award from the CEE
Global Awards; the 2002
Bahamas Chamber of Com-
merce Businessperson of the
Year Award; and the 1998
Living Legends Award for
Volunteer Work and Civic
Organizations by Zonta
Club of New Providence.

Prestigious

In 2002, she was also
awarded the Rotary Club's
International Paul Harris
Award, and in 2004 she
received the Blue Revue
from Zeta Phi Beta Sorority
and the Leading Women’s
Award by Skills Bahamas.

in association with

°F PICTET 1

In 2007, Mrs Kelly received
the prestigious Governor -
General’s Youth Award (15-
year service), and the Kiwa-
nis Club of New Providence
presented her with its Life-
time Achievement Award.

Mrs Kelly remains an
active member of the Lyford
Cay Foundation and is a
member of the Altar Guild
Board of Christ Church
Cathedral.

She also continues her
work ethic in her dual roles
as president and CEO of
Kelly's Home Centre Limit-
ed, as well as being presi-
dent of Nassau Motor Com-
pany, the Bahamian repre-
sentative for Honda and
General Motors.

RoyalStar
Assurance

THE NASSAU MUSIC SOCIETY

Under the Patronage of

His Excellency Sir Arthur Foulkes
Governor General of The Bahamas

present

| \From. BACH to BRITTEN —

is Friday, November 5, 2010
‘Government House Ballroom
> Nassau, Bahamas

7:30 for 8: 00pm

Sunday, November 7, 2010
St. Paul's Church Hall.
Lyford Cay, Bahamas *. |

5:00 for 5:30pm

Tickets and Reservations :

bic Sia
ay ie

ie BP:

preter mee ular

ere Tite ci

Peet eee Mer

Pte ee em or ee aloe embers Byer

tamer 2 ae

agit acti

ae ee Street le
ht Ke if Seni Sat ira J. a= wie
os Aliens (aah a Le Cay, Tels EE Lt

= ety i Our

s 1 aa
ni he

Seat

ee

a

eed Non- Members ay ee Pat

Engineering is preferred

CCNA, MCSE or equivalent experience required

Formal DBA Training or equivalent experience

Minimum of 3 years experience in a CISCO/Microsoft environment

Interested persons should email an updated copy of their resume to
recruiting.bahamas@ymail.com by December 15", 2010.

Te tiecck CT re ars door Riis mi re Pots availability

Rone :



TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM
Continuation... GN 1135

COMMONWEALTH OF THE BAHAMAS
THE SUPREME COURT
PROBATE DIVISION

No, 2 RON PRA

Whereas RAQUEL L. WILSON, of the Weatem District, New Providence, ome of
the Islands of the Commonwealth of The Bahamas, the Attomey by Deed of Power of
Atiormey for JON TURNER SIEGRIST and STEPHEN NEWCOMB SIEGRIST, the
Executors and Trustees named in the said will of the deceased hes made application to the
Supreme Court of The Bahamas, for Letters of Administration with the will Amnexed of the Real
and Personal Estate of ANN WEWOOME SIEGRIST HEINEMANN, late of Man-0- War
‘(Cay on the Iskend of Abaco, ane of the Islands of the Commonwealth of the Bahamas

decensed.

Notice is hereby given that such applications will be heard by the said Court at the
expiration of 21 days from the date hereof.

deceased.

(hor) Pepistrar

GN-1128

Government Notice

MINISTRY OF LABOUR & SOCIAL DEVELOPMENT
THE PRICE CONTROL ACT, 1971
CHAPTER 329
THE PRICE CONTROL (GASOLINE & IVESEL (1L)
(AMENDMENT) ( }) REGULATIONS, 2002

Che public ts advised that prices as shown in the Schedube for DTESEL sold by CHEVRON
(TEXACO) BAHAMAS LIMITED will hacoee effective an Tuesday, Pi cove rt baer or yal Ta,

SCHEDULE

THE TRIBUNE

WEDNESDAY, NOVEMBER 3, 2010, PAGE 11



ENM gives response to Opposition
criticism of Parliamentary Registrar

THE FNM has released a state-
ment in response to PLP criticism
last month of Parliamentary Regis-
trar Errol Bethel.

The statement reads:

“The PLP's latest attack on the
integrity of the Parliamentary Reg-
istrar is the latest gimmick by a des-
perate and frustrated party. Despite | —
their attempts to disguise their mas- |
sive incompetence in office and
reckless irresponsibility in Opposi-
tion, the facts speak louder than the
PLP's empty words. te

“Prime Minister Hubert Ingra-
ham stated that he found the PLP's
statement on the Parliamentary
Registrar, “cowardly and unman-
ly”. He noted that though issued in
the name of the PLP, that Opposi-
tion Leader, Perry Christie had to
accept full responsibility for the distortions in
the release.

“The Prime Minister observed that Parlia-
mentary Commissioner Bethel was first
appointed to the Parliamentary Registration
Department under a PLP Administration. Mr.
Bethel held the position of Parliamentary
Commissioner in 1997 when the FNM was re-
elected to office, in 2002 when the PLP was
elected, and remained in the post during the
2007 General Election, when the FNM was
reelected.

“Mr. Ingraham emphasised that the PLP
had no prior objections to Mr. Bethel. He said
that the Leader of the Opposition who rou-
tinely raises matters of interest and concern to
his Party in discussions with him had never
raised any concern about Mr. Bethel. He not-
ed that the PLP had not sought to replace Mr.
Bethel ahead of the 2007 General Election,
which was organized and run on their watch.

“Mr. Ingraham lamented that it was cow-
ardly and unmanly for Mr. Christie to attempt
to shift blame for his inaction, laziness and
failures in office to a dedicated public servant.

“Tt was Mr. Christie who was solely respon-
sible for disregarding and ignoring the consti-
tutional requirements regarding the timely
appointment of the Boundaries Commission.



PARLIAMENTARY
REGISTRAR
Errol Bethel

aries. It was Mr. Christie and the
PLP who were late in presenting the
Commission's Report to Parliament.

“The reality is that in a 15 year
4) period during which three general
elections were held, the only time
that confusion developed with the
Parliamentary Registrar was on Mr.
Christie's watch. Still, the PLP con-
tinue to blame Commissioner Bethel
| for the confusion in the preparation
of the 2007 Parliamentary Register.

“The Prime Minister reminds Mr.
Christie, who should know better,
that the Parliamentary Commission-
er has no ability to influence the tim-
ing of the appointment of the Bound-
aries Committee or the redrawing
of the boundaries or of the Com-
mission's Report to Parliament.

“This was not a single failure by
Mr. Christie and his incompetent
cabinet. It was three strikes against
the integrity of our electoral system.

“The lateness of each of these was in the
control of the hapless and hopeless PLP Gov-
ernment.

“They are solely responsible for the last
minute and chaotic changes rushed into place
just a few short weeks before the Bahamian
electorate went to the polls to exercise their
democratic franchise.

“The Prime Minister is not surprised that
notwithstanding the posturing by the PLP,
that neither the Leader of the Opposition nor
his party hierarchy has ever offered recom-
mendations on updating the registration
process to the Bahamian people.

“The Prime Minister reiterated his confi-
dence in the Commissioner and his staff. He
further stated that the Bahamian Parliamen-
tary electoral process was time honoured and
had served The Bahamas well.

“He did not believe it appropriate for polit-
ical parties to attack the civil servants charged
with overseeing the electoral process. Instead,
he urged bipartisan cooperation in reforming
and ensuring a transparent and smooth
process.

“Finally, the Prime Minister said that if the
PLP believe that they left a clean Parliamen-
tary Register in place in 2007, the FNM would

) MAXIMUM WHOLESALE SELLING
PRICE PER U.S. GALLON

Pe ASCE
RETAIL
SELLING FRICE
PER ILLS,
GALLUS

ARTICLE PLACED

SUPPLIERS' INSTRIBUTORS*
PRICE PRICE

§ 5 5

DALAL!

INCLUDING SE A PREIG

OWEVROS i | 46 TT
BAHAMAS LTD,
Texaco
FARIA.

THAND BAHANLA
(E01 Ls
FREEPORT)

IS CLUDING

CHEVRON
BAILAMAS LTO

| (TEX ACO
FART OD

IMIS,

ABAD, AMIMRCKS, SOT

IN CLUBBING
ELEUTHERA

TEXRACTR
BATLAMLAS LTE
CTEXACIN
FARTE

ALL, (xTHER “oT
| FAMILY ISLANDS

INCLUDING fh A

CHEVEON
BAHAMAS LTD.
(TEXACTH

FERMANENT SECRETARY

@® world school

Temporary Position- Spanish Teacher

St. Andrew’s School, The International School of The Bahamas,
an authorized International Baccalaureate (IB) World School, invites
applications from qualified and experienced Bahamian candidates for
a temporary position as a Spanish teacher in the secondary school, with
effect from 4th January 2011 until June, 2011. Full information
regarding the school may be found at its website: www.st-andrews.com.
Candidates must be qualified teachers who possess the necessary
academic qualifications for this position, including a_ teaching
qualification, and be able to teach to BGCSE level.

Information on the temporary post offered may be obtained from:
Frank Coyle, Head of the secondary school:
Email: Frank. Coyle@st-andrews.com

Fax (1 242) 677 7847 0816

By email or fax only.

Or

Sharon E. Wilson Principal

St. Andrew’s School P.O.Box EE 17340 Nassau
Email: Sharon. Wilson@st-andrews.com

Fax: (1 242) 677 7802 or (1 242) 324 0816

By email or fax only

The closing date for application is 17th November 2010.
Applications from unqualified candidates, applications arriving
without the full information requested, applications from outside
The Commonwealth of The Bahamas or applications received after
this date will not be considered.



“Tt was Mr. Christie and his party who were
late-again in redrawing constituency bound-

Register.”

be happy to hold new elections on the existing

Haiti wants major camp
evacuated ahead of storm

PORT-AU-PRINCE, Haiti

IT WAS the jewel of
Haiti's post-earthquake
recovery: an organized relo-
cation camp with thousands
of tents billed as hurricane-
resistant, lined up in neat
rows on graded mountain
soil, according to Associated
Press.

Now, staring down an
expected hit later this week
from a hurricane, officials
say Corail-Cesselesse is not
safe. On Tuesday, the gov-
ernment advised the esti-
mated 7,850 residents of its
primary relocation camp to
ride out the storm some-
where else.

"We're asking people in
Corail to voluntarily move
from where they are and go
to the houses of family or
friends. The places the gov-
ernment has identified are
churches and schools that
are available for shelter
from the storm," Haiti civil
protection official Abel
Nazaire told The Associat-
ed Press.

Evacuation

Camp managers held a
"loudspeaker meeting" with
megaphones to tell resi-
dents about the evacuation
order, said Bryant Castro,
the American Refugee
Committee staffer manag-
ing the camp. Residents
were told to seek any home
they could find and are
expected to start leaving as
soon as Wednesday.

A hurricane over the
weekend, Tropical Storm
Tomas was in the central
Caribbean on Tuesday with
maximum sustained winds
of 40 mph (65 kph), accord-
ing to the U.S. National
Hurricane Center in Mia-
mi. Its center was about 395
miles (665 kilometers)
south-southwest of Port-au-
Prince and moving west
near 10 mph (17 kph).

Forecasters predicted it
will veer north toward Haiti
and perhaps regain hurri-
cane strength by Thursday.
A hurricane watch was
issued for Jamaica, and the
center said the storm could
dump up to 8 inches (20

Country braced for
expected hurricane hit

centimeters) of rain on
Aruba, Bonaire and Cura-
cao.

Tomas has already killed
at least 14 people and left
seven missing in the east-
ern Caribbean nation of St.
Lucia, where it caused more
than $37 million in damage.
In nearby St. Vincent, the
storm wrecked more than
1,200 homes and caused
nearly $24 million in dam-
ages to crops, especially
bananas — one of St. Vin-
cent's top commodities.

It would be the first big
storm to strike Haiti since
the Jan. 12 earthquake
killed as many as 300,000
people and forced millions
from their homes. It would
also be the first tropical
storm or hurricane to hit
since 2008, when Fay, Gus-
tav, Hanna and Ike bat-
tered Haiti in the space of a
month, killing nearly 800
people and wiping out 15
percent of the economy.

If it follows its predicted
track it could hit every
major Haitian city includ-
ing Port-au-Prince, Les
Cayes, Gonaives and Cap-
Haitien. The U.N. Office
for the Coordination of
Humanitarian Affairs said
rainfall of up to 5 inches (13
centimeters) could cause
catastrophic floods in the
severely deforested coun-
try.

Aid workers are scram-
bling to prepare but are
badly short of supplies
including shelter material
because of the responses
already under way to deal
with the aftermath of the
earthquake and an unprece-
dented cholera outbreak
that has killed more than
330 people and hospitalized
more than 4,700.

A USS. Navy vessel, the
amphibious warship Iwo
Jima, was steaming toward
Haiti on Tuesday to pro-
vide disaster relief.

Some of the biggest con-
cern is for 1.3 million earth-
quake survivors still living

under tarps and tents near-
ly 10 months after the dis-
aster. The government said
there are some shelters in
the capital — a handful
have been built in nearby
Leogane and several hours
north in Gonaives — but
basically people will be on
their own if Tomas hits.

"The government does-
n't have shelters for
1,300,000 people,” Nazaire
said.

An enormous interna-
tional aid effort flowed into
Haiti in the immediate
wake of the quake, but
reconstruction has barely
begun, in part because
donors have not come
through with promised
funds. The United States
has not provided any of the
$1.15 billion in reconstruc-
tion aid it pledged last
March.

Model

When Corail opened in
April, it was portrayed as a
model for how camps could
be built and run. A joint
effort by the Haitian gov-
ernment and international
aid groups, including U.N.
peacekeepers and U.S. mil-
itary engineers, it was billed
as a refuge from dangerous
hillside camps that Haitians
had set up on their own in
the days after the quake.

Corail's residents were
selected from the sponta-
neous camp taken over by
actor Sean Penn's relief
organization, sprawled over
a country club golf course in
the capital. Residents were
told they would be better
off on a distant desert plain
9 miles (15 kilometers)
north of the city, far from
their former homes and
jobs.

"IT signed up. I didn't
know where I was going.
My home was destroyed. I
had nowhere else to go,"
Jonel Romelus, a 36-year-
old mason who moved to
Corail, said Tuesday.

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




Retailer’s
‘aggressive’
Out Island
franchise
planning

* Robin Hood to start
looking for Family Island
retail partners next year

* Government initially
blocked move, but
principal says partnership
driving move, not putting

existing companies out of }

business

* Argues move designed
to give Family Island
consumers product at
Nassau prices, and aimed
at alleviating poverty

By NEIL HARTNELL

Tribune Business Editor

An expanding New Provi- }
dence retailer plans to }
“aggressively start looking for }
franchisees in all the Family }
Islands” next year, having ini- }
tially been blocked by the }
Government, which feared its }
plans would drive local stores }
in those locations out of busi- {

Ness.

Indicating that the Gov- }

SEE page 7B



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

THE TRIBUNE

iSiness

NOVEMBER 3,

WEDNESDAY,

2010

SECTION B e business@tribunemedia.net

Food retailer eyes $2.5m expansion

* Phil’s Food Services latest to get into growth mode, targeting

early 2011 start and adding 50 new jobs

* Company denies involvement in Associated Grocers’ City

Markets bid, but supports move by Ben Frisch

* Hits back at allegations against company’s low prices, saying

Customs knows firm ‘has best record of anybody’

* ‘Amazing 11% support’ from Bahamian consumer

By ALISON LOWE
Business Reporter
alowe@tribunemedia.net

HITTING back at those who he claims
have sought to “destroy” his company’s

reputation, Phil Lightbourne, owner of
Phil’s Food Services, has revealed plans
for a $2.5 million store expansion begin-
ning in January 2011, which will result in

SEE page 7B

ROYAL SFIDELITY

eT

eS






RASS A

(247) 356-9801

FREEPORT

(242) 351-3010

MOIARSH HAR ECHUR
(242) 367-3135

ere hice ts aaa



John Bull obtains Subway franchise

Potential BTC buyer:
Keep free local calls

* Cable & Wireless urges regulator not to force
state-owned incumbent, of which it is seeking to
buy 51%, to ‘further reduce tariffs’

* Slams URCA for using ‘notoriously dangerous
measure’ to determine BTC efficiency

* Warns of foreign currency revenue loss from
cost-oriented solution to international incoming
call settlement rates

* And suggests URCA model in this area could
undermine sustainable competition and generate
‘little added value’ for Bahamian economy

By NEIL HARTNELL
Tribune Business Editor

down to “cost-oriented levels”.

This, it suggested, would ulti-

THE likely new majority own- SEE page 6B
er of the Bahamas Telecommu-
nications Company (BTC) has
urged industry regulators not to
force the company “to further
adjust downwards its tariffs”,
while also advocating that it con-
tinue to provide free local (intra-
island) calls despite charging
rival operators an interconnec-
tion fee.

Cable & Wireless, which
trades as LIME, in its response
to the Utilities Regulation &
Competition Authority’s
(URCA) consultation on BTC’s
draft Reference Access Inter-
connection Offer (RAIO), also
warned against regulatory pro-
posals that would push settle-
ment rates - levied by the state-
owned incumbent on global
operators for terminating inter-
national calls in the Bahamas -

e Invest in International Securities

¢ Diversify your portfolio



ROYAL FIDELITY

Lal mel 4

By ALISON LOWE
Business Reporter
alowe@tribunemedia.net

AS THE fashion side of its business tem-
porarily contracts with the Saturday closure of its
GUESS store, John Bull is expanding its restau-
rant franchise division, having obtained the
Bahamian rights to the Subway franchise.

And the retailer has also seen a “greater than
expected” response from the public to its newest
offering, the 5,000 square foot Party Land store in
the Harbour Bay Shopping Centre, telling Tri-
bune Business that while “luxury retail will always
be the core and, of course, nucleus of our busi-
ness, diversification is key to success in retail”.

Speaking of the Subway franchise deal, Inga
Bowleg, director of business development for
the John Bull Group of Companies, said the firm
expects to hire between six to nine people when
it opens its first Subway location, although she did

ROYAL FIDELITY

rel ite\ ara i Cola. 4

SHED I BRETEK |
re Se

e No premium on investment dollars

ya
Nassau:
Freeport:

ta Bocce!

PPB mel iy
242.351.3010

* Top Bahamian retailer targets
diversification, generating new
jobs with latest food franchise

plus Party Land opening

* GUESS store at Mall at Marathon
closes, due to franchisor’s
changed terms

not reveal where this might be.

Mrs Bowleg said John Bull hopes the Subway
move will help them “enjoy some economies of
scale with the Starbucks business”, for which
they are also the Bahamian franchise holders.

The Subway deal was finalised on August 16,
2010, and the company has not made a commit-
ment as to a minimum number of locations, with

SEE page 6B



Aa MMM LL CL

Learn more at royalfidelity.com

oe ie -

e Attractive international investment returns

¢ Professional fund management

BARBADOS

EC Hee Ct r

LANDLINE | WIRELESS | BROADAND

aa The BTC Enterprise Team works with businesses of all sizes.
Trained to deliver the best products at the best prices -
in a timeframe that matches the pace of your enterprise. Ee

Introducing the BIC Enterprise team. Dedicatec
the right solutions that are unique to your business.

0 providing

ENTERPRISE


THE TRIBUNE

WEDNESDAY, NOVEMBER 3, 2010, PAGE 3B





BISX Share
Index hints
al recovery —

SHARE trading vol-
umes and values on
the Bahamas Interna-
tional Securities
Exchange (BISX)
declined by 25.3 per
cent and 47.9 per cent,
respectively, during
the 2010 third quarter
compared to the same
period the year
before, as its market
capitalisation dropped
below $3 billion to
$2.938 billion.

Releasing its data
for the nine-month
and three-month peri-
ods to end-September
2010, the Bahamian
stock exchange said
that for the third
quarter, some 700,154
shares worth a cumu-
lative $2.963 million
were traded.

“This compares to
the July 1, 2009, to
September 30, 2009,
period, where 937,327
shares traded fora
value of $5.682 mil-
lion. This represents a
decrease of 25.3 per
cent in share volume
traded, and a decrease
of 47.9 per cent in
share value traded in
2010 compared to
2009,” BISX said.

Shares

For the nine months
to September 30,
2010, some 8,780,142
shares traded on
BISX, worth a collec-
tive $96.372 million.
This, though, included
the 5,954,600 shares in
Cable Bahamas,
worth $80 million,
that changed hands as
a result of the Colum-
bus Communications
buyout.

With this stripped
out, some 2,825,542
shares worth a collec-
tive $16.402 million
were traded, com-
pared to the 2,592,95
shares - worth $14.402
million - that traded
during the compara-
tive period in 2009.

BISX’s recovery,
though, continues to
lag international stock
market indices. For
the nine months to
September 30, 2010,
the BISX All-Share
Index dropped by 3.11
per cent, from
1,565.38 to 1,516.77,
whereas the S&P 500,
FTSE 100 and MSCI
Emerging Market
Indexes all rose slight-

ly.
Decrease

However, the BISX
All-Share Index’s
decrease during 2010
to-date compares
favourably to the 12.3
per cent drop suffered
during the same peri-
od in 2009.

And BISX added:
“For the three-month
period from July 1 to
September 30, 2010,
the Index experienced
an increase of 11.96 or
0.8 per cent from
1,504.81 to 1,516.77.”

That indicates that
the Bahamian stock
market appears to
have hit bottom, and
be on the way back
up.

Excluding the Cable
Bahamas deal, the
average daily trading
volume on BISX for
the first nine months
of 2010 was 15,055
shares, giving an aver-
age daily value of
$87,974. April saw the
highest average daily
trading volume and
value with 48,775
shares and $283,409
respectively.

In comparison, the
same nine-month
period in 2009 saw an
average daily trading
volume and value of
13,762 shares and
$75,595 respectively.

Downtown boost via
cruise ship diversion

DOWNTOWN NAS-
SAU businesses seem set
to receive a spending boost
equivalent to hundreds of
thousands of dollars this
week with at least two
major cruise ships being
diverted to the Bahamian
capital as a result of Tropi-
cal Storm Tomas continu-
ing to churn in the southern
Caribbean.

An e-mail sent out to
Bay Street retailers and
businesses by the Down-
town Nassau Partnership
(DNP) yesterday said Roy-
al Caribbean’s Oasis of the
Seas, the world’s largest
cruise ship, was set to call
in Nassau on Friday
between 8am-5pm, with the
Liberty of the Seas also set
to arrive on Sunday,
November 7, for the whole
day.

Gevon Moss, the DNP’s
executive administrator,
told Tribune Business: “I
just got an e-mail from the
cruise representative here
on the island, and they
explained that there were
going to be two more cruise
ships coming in this week
in addition to those already
expected.”

Adding that Oasis of the
Seas was “one of the
biggest ships that come
here”, Mr Moss said he had
no idea of the additional



MINISTER OF TOURISM:
Vincent Vanderpool-Wallace

economic impact and
cruise passenger spending
that would result from the
two vessels’ unexpected
calls on Nassau, as he had
no data on passenger num-
bers.

Mr Moss, though, said
the ships were likely to be
anywhere from 70-90 per
cent full.

Vincent Vanderpool-
Wallace, minister of
tourism and aviation, said
the Government had not
“looked specifically” at the







FAMGUARD

The Board of Directors
of
FamGuard Corporation Limited
is pleased to advise that
the third quarterly dividend
for 2010
of 6 cents per share
has been declared to be paid on
November 17, 2010
to Shareholders of record as at
November 10, 2010

FAMGUARD CORPORATION LIMITED

The parent holding company of

Family Guardian Insurance Company Limited
BahamaHealth Insurance Brokers & Benefit Consultants Limited
FG Insurance Agents & Brokers Limited
FG Capital Markets Limited
FG Financial Limited











s0jgee gears ae

likely economic impact
resulting from the addi-
tional cruise ship calls.
He added that “these
things tend to balance
themselves out”, a refer-
ence to the fact that cruise
ship itineraries to the

Bahamas are also fre-
quently disrupted by tropi-
cal storms.

Still, assuming an aver-
age per capita spend of $80
for each passenger, and giv-
en 6,296 and 4,370 passen-
ger capacities for Oasis of

the Seas and Liberty of the
Seas respectively, even at
70 per cent occupancy, the
combined potential spend
is $597,316 - $352,596 from
Oasis of the Seas passen-
gers, and $244,720 from the
Liberty of the Seas.

Stocks rise on Election Day, tech at 2010 high

NEW YORK

MAJOR stock indexes rose Tuesday as investors
awaited the results of Congressional elections, putting
the Dow Jones industrial average near its highest
point of the year, according to Associated Press.

The Dow Jones industrial average rose more than
60 points. The Dow has now traded above its 2010
closing high of 11,205 four times over the past two
weeks, but failed to close above that level each time.
Eric Thorne, an investment adviser with Bryn Mawr
Trust Wealth Management, said many traders have
been using the end of the day to take short-term
profits. A Republican gain of at least one house of
Congress is most likely already reflected in stock
prices. The slide of the dollar, which fell against the
euro and the yen, helped push stocks higher on Tues-
day as investors bought riskier assets.

Small companies performed especially well. The
Russell 2000, the index that tracks the performance
of smaller corporations, jumped 2 percent to 712.89.
The index is up nearly 14 percent for the year, rough-
ly double the return of the Dow and the broad Stan-
dard and Poor's 500 index.

The Dow rose 64.10, or 0.6 percent, to close at
11,188.72. It reached its closing high of 11,205.03 on
April 26.

The broader Standard & Poor's 500 index rose
9.19, or 0.8 percent, to 1,193.57. The S&P 500, which
is more closely watched than the Dow by profes-
sional investors, is also still below its 2010 high of
1,217.28, reached on April 23.

The technology-focused Nasdaq composite index
reached a new high for the year, as tech titans like
Apple Inc., Microsoft Corp. and Amazon.com Inc. all
gained more than 1.2 percent for the day. The Nasdaq
rose 28.68, or 1.1 percent, to 2,533.52. Its previous
high for the year was 2,530.15, which came in late
April.

Uncertainty over the size of the Federal Reserve's
expected stimulus program due Wednesday has kept
the market from ending with either big gains or loss-
es in recent days.

Traders are waiting for the Federal Reserve to
announce plans to buy bonds to spur spending, a
process known as quantitative easing.

The Fed's purchase of Treasurys hurts the value of
the dollar, which fell 0.7 percent today against an
index of six other currencies.

A weaker dollar, in turn, drives the price of gold,
oil and other commodities higher. Companies tied to
commodities, including Freeport-McMoRan Cop-
per & Gold Inc., ExxonMobil Corp. and Alcoa Inc.,
rose more than | percent.





Senior Client Relationship Manager

Societe Generale Private Banking (Bahamas!
Lid... part of the Saciété Générale Grou, is a
Brivate bank providing a comprehensive

wealth Management service

Saciete Generale Private Banking is currently
hooking to recruit a Senior Client Relationship
Manager. Your primary role will be to
introduce, maintain and grow profitable client
relationships in Latin America Tor Sociere
Generale Private Banking (Bahamas) Ltd and
ensure adherence to legal, regulatory and
iMndusiy standards

You should ideally hold the Chartered
institute of Bankers Diploma or equivalent
professional qualifications, and have at least
5 to 8 years’ international private banking!

marketing/sales experience.

You ¢hould have excellent clieit relarionship

and selling skills, an in-depth knowledge

3G
Private Barking

Sodet Generals Preaie Lar king (Lahurras) Lil

booed aader thet Boek & Teaa Comparect Begala: am

UALIT

f] AUTO DEALER IN THE BAHAMAS © Part of the Automall group
EAST SHIRLEY STREET * 322-3775 * 325-3079

Vill our showrocen of Quality Auto Soles [Freeport] Lid Por airiler dials, Gueeni Hwy, 352-4122
o Absee Melor Mall, Den MecKop Bhd, 367-2914





of investment, trust and banking products
and fueneicy in Spanish is mandadeory .
Some knowledge of Portuguese would be an
asset, and proficient in the use of
Computers. The iicumbent will be required
ta travel on a regular basis ta designated

marketing regeans.

The position offers an attractive salary and
benefits package including, persion and

bonus schemes.

Applications should be submitted ta the
fallawing address, to arrive an or before 12

Hovenber 2000,

Head of Human Resources

Sockete Generale Private Banking (Bahamas)
Ltd

PO Bom

Nassau

fag

Bahamas

u
gales

LIMITED

OS
AN)

AUTO MALL

weew auecon oll bobo. ose

TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM
PAGE 4B, WEDNESDAY, NOVEMBER 3, 2010

THE TRIBUNE







FRONT ROW: Timothy

by, Steve Mackay

Pe
<<}

cys,

From the earliest days of the
organization, Rotarians were
concerned with promoting high
ethical standards in their
professional lives. One of the
world's most widely printed and
quoted statements of business
ethics is The Four-Way Test,
which was created in 1932 by
Rotarian Herbert J. Taylor. This
24-word Test has been
translated into more than a
hundred languages and
published in thousands of ways.
It asks the following four
questions:

Rules:

J. Children ages 10-16 may enter. Judging will be in two
age categories: 10 - 13 years and 14-16 years for a first
and second place winner in each category.

. Write a essay answering the following subject:

“What does the Four-Way Test mean to me.” Explain
your understanding of the 4-Way Test as it relates to
your life, experiences, and/or society in general.”
Your essay must include the four principles.

. The body of the essay must not exceed 1,000 words.
Adults may assist the child in filling out the entry form,
but not in writing the letter.

. Limit one essay per child. All entries must be received by
the Rotary Club of East Nassau before Nov 30, 2010.

. Only essays accompanied by original entry forms clipped
from the newspaper will be accepted. Photocopy, fax,
carbon or other copies will not be accepted.

. One winner will be chosen from each age category. The
decision of the judges is final.

. Winner must agree to a photo presentation which will
be published in the newspaper.

. Mail essay and completed newspaper clipping to
The Four-Way Test Essay Competition,

Attn: Joanne Smith, The Rotary Club of East Nassau,
P.O. Box N-1299, Nassau, Bahamas

The Tribune

Ply Losce. Ply Piouspacor!



Ingraham, Paula Adderley, Wendy Warren, Kesna Pinder, Tanya Hanna, Linda D'Aguilar, Peter Maynard, La
Roberts. Back Row: Gilbert Schur, Toby Smith, Vikas Chandra, Arthur Seligman, Danya Wallace, Antoine Candiotti, Christina Rolle, Tiffany Nor-
ris-Pilcher and Bruno Roberts. Not pictured are: Curtis Merz, lvylyn Cassar, Julian Martel, Kelly Kerr, Paul Winder, Pedro Delaney, Sonia Bene-

The Four-Way Test

“Of the things we think,

say or do

1. Is it the truth?

2. Is it fair to all
concerned?

3. Will it build goodwill
and better friendships?

4. Will it be beneficial to
all concerned?”



OFFICIAL ENTRY FORM

Child’s Name:

Age:



School:

Address:

P.O. Box:

Email Address:
Parent's Name:
Parent's Signature:

Telephone contact: (H) (W)

All entries become property of the Rotary Club of East Nassau and can be used
and reproduced for any purpose without compensation.

Se Rotary Club of \
PAFAST \\
tne NASSAU

BAHAMAS, Disirici 7020





BFSB elects
new Board

THE Bahamas Financial
Services Board (BFSB)
elected a new Board of
Directors at its Annual Gen-
eral Meeting on September
22, with officers appointed
from among their number
at the first subsequent meet-
ing.

The BFSB’s directors for
2010-2012 are:

Antoine Candiotti, Crédit
Agricole Suisse (Bahamas);
Arthur Seligman, Lennox
Paton; Christina Rolle,
Société Générale Private
Banking (Bahamas), secre-
tary; Curtis Merz, UBS
Trustees (Bahamas); Gilbert
Schur, BSI Trust Corpora-
tion (Bahamas); Julian Mar-
tel, Butterfield Bank
(Bahamas), deputy chair-
man; Kelly Kerr, RBC Trust
Company (Bahamas); Lin-
da Beidler-D' Aguilar, Gra-
ham, Thompson & Co; Paul
Winder, ATC Trustees,
chairman; Peter Maynard,
Peter D. Maynard & Co,
deputy chairman; Steve
Mackay, EFG Bank &
Trust; Tiffany Norris-Pilch-
er, Ernst & Young, treasur-
er; Toby Smith, Butterfield
Bank (Bahamas); and Vikas
Chandra, State Bank of
India.

During its AGM, BFSB
members also agreed for the
following industry associa-
tions to nominate represen-
tatives to serve as directors:

Association of Interna-
tional Banks & Trust Com-
panies in the Bahamas -
Bruno A. Roberts; Bahamas
Association of Compliance
Officers - Kesna Pinder;
Bahamas Association of
Securities Dealers - Ivylyn
Cassar; Bahamas Bar Asso-
ciation - Paula A.L. Adder-
ley; Bahamas Institute of
Chartered Accountants -
Reece Chipman; Bahamas
Insurance Association -

Timothy Ingraham;
Bahamas Real Estate Asso-
ciation - Larry Roberts;
CFA Society of the
Bahamas - Sonia Beneby;
and Society of Trust &
Estate Practitioners - Tanya
Hanna.

Wendy C. Warren serves
on BFSB’s Board as chief
executive and executive
director, as does Danya
Wallace of the Office of the
Attorney General, as the
Government's representa-
tive.

New chairman Paul
Winder said: “BFSB
remains focused on the con-
tinued development of an
environment that is con-
ducive to business, and on
promoting a greater aware-
ness of the Bahamas'
strengths as an international
financial centre.

Economy

“It is recognised that the
Bahamas still is in a period
of transition as the global
economy and the financial
services industry continue to
adjust to a new environment
for doing business."

He added: “Nonetheless,
arising from its long-stand-
ing investment in people,
policies and the environ-
ment, we are confident that
the Bahamas will continue
to be a leader in financial
services and
domiciliation/residency."

Ms Warren said: “This
jurisdiction certainly is com-
mitted to ensuring that
favourable attributes for pri-
vate wealth, locating and
servicing Operational sub-
sidiaries or investment arms,
and making the Bahamas
‘home’ are fully explored
and understood by the own-
ers of capital."

Young realtor
closes $7m sale

A 23 YEAR-OLD Bahami-
an realtor has made the
biggest sale of his career to
date - a seven-unit, beachfront
condo complex in the Love
Beach area valued at $7 mil-
lion.

Ryan Knowles, who has
gone full-time after a three-
year apprenticeship under
Mario Carey, said his sale of
the block of three-bedroom,
two-bath units at Columbus

Cove, a gated community on |

the beach at the western end
of New Providence, reaffirmed
the strength of the high-end
real estate market.
“Columbus Cove is built on
the powdery sand beaches of



Pa Pe

BIGGEST SALE: Ryan Knowles

one of Nassau's last remaining unspoiled oceanfront areas,"
said Mr Knowles. "So the location is extremely desirable.
But considering that activity in the high-end real estate
market has been sluggish over the last two years, Iam very
excited about this sale, not only because of the personal sat-
isfaction of the transaction which took weeks and involved
intense negotiations but, more importantly, because it helps
affirm the strength of the beachfront real estate market in
New Providence."

Knowles’ mentor, Mr Carey, applauded the young agent.
“Ryan has a great attitude and possesses the right skills to be
successful in this industry. He’s an out-of-the-box thinker and
is able to find solutions to any challenge he’s faced with. We
are very pleased with his performance in such a short time
period,” he added.

Mr Knowles is scheduled to sit his appraiser license in the
very near future. He serves as a director and fundraising
chair of the Community Leadership Centre, a non-profit
organisation aimed at empowering youths in low-income
neighbourhoods through education and social change ini-
tiatives, and as a Little League baseball coach.

Knowles is part of the growing Mario Carey Realty team,
which now boasts five agents out of its office on East Bay
Street and, in addition to the luxury market on which it
was founded, has a division, MCR2, specialising in proper-
ties under $500,000.

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.



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


THE TRIBUNE

WEDNESDAY, NOVEMBER 3, 2010, PAGE 5B



AIBT welcomes
its first securities
sector member

The Association of International
Banks & Trust Companies (AIBT)
has welcomed its first new member
from the securities sector, the Accu-
vest Group, having decided to open
membership to such companies for
the first time earlier this year.

Accuvest is a family of companies
dedicated to delivering asset man-
agement, investment strategy, estate
planning and asset protection for
high net worth individuals, families
and institutions, and is licensed by
the Securities Commission of The
Bahamas as a broker/dealer.

AIBT chairman, David Thain,
explained that as the regulatory
infrastructure in the Bahamas has
changed, so has the Association’s
role, and it was no longer valid to

Banks launch key
educational fund

L to R: BFSB chairman Paul Winder; Deputy Prime Minister Brent Symonette; Dominique L. Glinton; and

AIBT chairman David Thain.

compartmentalise ‘Banking’ ‘Trust’
and ‘Securities’ activities, since many
members were engaged in all three.

Mr Thain said all broker/dealers
and security investment advisers
have been contacted and offered
membership, with the initial feed-
back very positive.

The AIBT chairman added that
as the new Securities Industry Act
will impose significant changes to
the regulation of the securities busi-
ness, it would be a prudent time for
smaller institutions to benefit from
the work the Association is already
planning to do for its existing mem-
bers.

Robert Jensen, Accuvest’s man-
aging director, thanked the AIBT
for extending membership.





(L to R): Keith Kelty; D. Sean Nottage; James C. Schaefer; Robert P. Jensen, Accuvest managing director; David Thain, AIBT
chairman; Delarese Basden-Williams; and Giavanna A.G. Harrison.

PEARLE VISION

<> BAHAMAS VISION CENTRE

REGENT CENTRE WEST
Freeport, Grand Bahama
352-25EE(2733) 352-EVES(3937)

HARBOUR BAY SHOPPING CENTRE
Nassau, Wow Providasnce
323-275EE (2733).393-0930

We look forward to continuing to serve you with caring service, stylish
trames and contact lenses.

See Better, Look Better!

at

BAHAMAS VISION CENTRE

THE BAHAMAS PUBLIC
SERVICES UNION

THE Association of Inter-
national Banks and Trust
Companies (AIBT) has
inaugurated its Profession-
al Education prize, which
will be awarded annually to
the BFSB Achiever of the
Year winner.

This is an educational
fund, with a value of up to
$5,000, that will allow the
recipient to undertake a

course of study of his/her
choosing at the Bahamas
Institute of Financial Ser-
vices (BIFS). Dominique
Glinton, office manager with
Glinton, Sweeting and
O'Brien, was the 2010 recip-
ient of the award.

In addition to creating the
Professional Education
Prize, the AIBT has
launched a Language

School, which provides free
classes to staff of member
firms.

It has also partnered with
the Bahamas Association of
Compliance Officers
(BACO) to provide a trav-
elling scholarship that will
allow student attendance at
a major international com-
pliance conference in Mia-
mi.

Client Relationship Manager

Societe Generale Private Banking (Bahamas)
Ltd., part of the Societe Générale Group, is a
Private bank providing 4 comprehensive

wealth management service,

Societe Generale Private Banking is currently
looking to recruit a Client Relationship
Manager. four primary role will be to
introduce, maintain and grow profitable client
relatianshios in Latin America for Societe
Generale Private Banking (Bahamas) Ltd and
ensure adherence to legal, regulatory and

industry standards

You should ideally hold the Chartered
Inétitute of Bankers Diplona of equivalent
professional qualifications, and have at least
3 to 5 years’ international private banking,

marketing sales expenence

You should have excellent client relatianship

and selling skills, an in-depth knowledge

SG
Private Banking

Of investment, trust and banking produces
and fluent knowledge of Spanish, Some
knowledge of Portugues would be an asset,
and proficient in the use of Computers. The
incumbent will be required to travel on a
regular basis to designated marketing

regions.

The position offers an attracthve salary ard
benefits package including, pension and

bonus schemes,

Applications should be submitted to the
following address, to arrive on of before 12
November 2010

Head of Human Resources

Societe Generale Private Banking (Bahamas)
Ltd

PO Box NF PEE

Nassau

Bahamas

ANNOUNCEMENT

The Bahamas Public Services Union (BPSU)
will hold a General Membership Meeting on
Thursday, 4th November 2010 at 6:00 p.m.
at the Union’s Hall, East Street South, off
Soldier Road for all BPSU Medical Plan
members.

Also, a continuation of the 2009/2010 AGM
meeting will follow at 7:30 pm.

The Auditors Reports will be presented.

All members are urged to attend and be on
time.
Refreshments will be served after the
meeting.

ox”

“(SECRETARY GENERAL

—_ ys

Sethe Gorerake Priewan Gankieg Babar) Lod. io

koered uager the Gank) & Trt Comores: legekwines, Arr



TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM
PAGE 6B, WEDNESDAY, NOVEMBER 3, 2010

THE TRIBUNE



FROM page one

mately lead to a loss of hard cur-
rency revenues for the Bahamas
as “settlement rates trend
towards the termination rate”
for incoming international calls,
and “deliver little added value
to the Bahamian economy” by
removing the incentive for
BTC’s rivals to develop their
own network infrastructure.

And Cable & Wireless
(LIME) also sided with its acqui-
sition target in criticising an 1ni-
tial URCA assessment of BTC’s
efficiency, describing the ‘lines
per employee’ measurement as a
“notoriously dangerous measure
to use”.

Potential buyer

Explaining its rationale for
BTC to continue offering free
local calls, despite charging rival
operators an interconnection fee
to connect calls between their
respective customers, Cable &
Wireless said there were numer-
ous examples of markets where
local call costs were included in
customer access charges - and
“non-zero” interconnection fees
were levied.

“Furthermore, even in mar-
kets characterised by a history
of metered local calls, competi-
tion is forcing retail prices to
move towards unmetered

SALES MANAGER
Position AVAILABLE

Local Company tasks SALES MANAGER tor te Sales Dagarimeent

Position Description

through the introduction of
unlimited packages bundled with
access charges,” Cable & Wire-
less said.

“These markets continue to
have non-zero local intercon-
nection charges. From this it is
clear that in a competitive mar-
ket, consumers increasingly val-
ue a bundle or combination of
services, and there need be no
specific link between the retail
charging mechanism for calls and
the mechanism for local inter-
connection.”

And the regional telecoms
operator, which is in talks with
the Government and its BTC
privatisation committee to
acquire a 51 per cent majority
holding in the state-owned com-

The Sales Manager plays.n integral rie in the Company's operations as thts paren earta ae.one of the linet
pein of Gontsels for the Corepeny's ciel. We ane looking lor a qualified, pourgy professional with &
background in Business wilh etrotg deresiop men! in eales and marketing b6 fil the posting.

The individea! would be resporible for the effective communication with clents the products and senices the
Company has to offer to a broad range of inftemational clients af the major resorts for which the Company
operaieg. To this and, hg Salea Manager's eeaponsiblifics may incluce bul is. nol limited in, sile inspections,
qudlabon aqpeeneal prapardion and mailaining adequate records of dient nlomation

Thi peeson Wl gin be eeeporeitie tor amauring thal all Conpany qudeines, procedures and podces ara
adhered to and will work dosely with executive management! |including the Sales Manager) on execuing he

business shategy and objsriwes.

Qualifications:

« Advanced knowledge of meeting ond even preaches.
» Moderate to advance iinowledga in contract negotiations:
® = Demonstrates abit to handia all scopes of mentings and events, small to large

Strong adcvinisraion shils incuding the abdity to set prociies and organize adminatrates systems

and procedures.

Excepbonal professionalism, control and confidence and the abdity lo communicate effectively al
all levels of the Gompaey and with clients.
Excellent customer serace, interpersonal, oral and wrilien communicalion skills.

Excelleeal anjanizelional problen-solving and neocigion skills, inchidirg the ablity to handle a
Varehy of Sean ments simul lanenuely.
Must be shle ip woe wih lite oversight
Abdity to mork fiasibla hioers, including evenings, weekends and bolidays where sequined
Must be able to frawel a nenessany for sie wits, training and offer prionty meriings.
Stony presenistion stills,

Education:

* Bachelors Degree in related field
* Minimum 5-7 years eapenence in salesimerkeling, meeling and event planning.
* Highly prohickent with M5 office programe

Reaueies ahouk! be lorwanled io oieaakersiatamasiivaos Go tor immediaie rewew aid conmmderalion.



Trade-ins are always welcome

Totally Yours,
Totally Yaris

GP TOYOTA

YARIS

The superbly balanced proportions of the Toyota

Yaris reflect the inherent intelligence of its
design and the spacious comfort that it offers.

Features include: 1.3 litre engine, automatic

transmission, ABS brakes, power steering, air
conditioning, driver's side airbag, and CD player.





mye[e tere Mee een ted ORO Oa melee Lael

EXECUTIVE
MOTORS LTD

AUTHORIZED DATHATSL
AND TOYOTA DEALER

A part of the Automall group

Available ni Grand Bahama af eal Ry Auto Sales |Freaport

Open

Te: 397-1700

InfPeKecuwlivemotors. bs
ww. auiomall bahamas. com



Shirley Street at Church Street aa,
Mon to Fo Sam + 5:Mom LIEN "pda
=

Sal Sam - [ioc

AUTOMAILL

Qemans Hwy, Side 22 # Abaco Motor Mall Don Mackay Bled, 367-2916

pany, for a reported purchase
price of between $200-$230 mil-
lion, also warned that forcing it
to offer free local call intercon-
nection would undermine its
Universal Service Obligation
(USO).

“There is a clear risk in the
Bahamas that the retail prices
for access and local calls do not
cover the substantial costs of
providing these services in a
geography such as the Bahamas,
and requiring BTC to offer intra-
island interconnection would
increase the distortion created
by this mismatch between prices
and costs, to the detriment of
the economic efficiency that lib-
eralisation seeks to bring,” Cable
& Wireless said.

“It would therefore be con-
trary to the interests of the con-
sumer to impose local intercon-
nection rates below the cost of
supplying this service.”:

When it came to URCA’s ini-
tial studies on BTC’s efficiency,
Cable & Wireless said it was
“not sufficient” to select rival
Caribbean islands and the likes
of Malta/the UK Channel
Islands as comparative jurisdic-
tions simply because they, too,
were islands.

“For the costs of terminating
local calls it is the traffic density
that is important, and for inter-
island and transit charges, scale is
by far the dominant factor in
determining average costs,”
Cable & Wireless said.

“For instance, Manhattan is
an island, yet no one would
expect the costs of terminating
traffic within Manhattan to be
at all comparable to those costs
in the Bahamas; the scale and
density of traffic demand would
result in much lower costs in
Manhattan........ :

And BTC’s likely strategic
partner added: “BTC is obliged
to serve many dispersed and
remote local markets across the
islands that it serves, and will
most likely have a traffic density
far lower than in any of URCA’s
comparator markets.

“Indeed, this highlights one
of the major challenges faced by
BTC; maintaining universal ser-
vice across a unique geography.
This uniqueness renders any
such benchmarking largely irrel-
evant, and it should therefore

FROM page one

not be used to justify lowering
BTC’s rates.”

As for the number of tele-
phone lines per employee mea-
surement used by URCA to
determine BTC’s efficiency,
Cable & Wireless blasted: “This
is a notoriously dangerous mea-
sure to use, as the different
degrees of outsourcing used by
different operators renders com-
parison largely meaningless.”

Any over-correction when it
came to BTC’s efficiency could
“undermine BTC’s ability to sus-
tain service, particularly to
remote customers”. And Cable
& Wireless added: “Under pri-
vate ownership, the profit motive
will drive operational efficiency
at BTC, which in turn will feed
into accounting separation costs
and regulated prices.

“BTC needs no additional
stimulus to seek operational effi-
ciency, and the interests of con-
sumers are not served by forcing
reductions to prices below BTC’s
actual costs.”

Elsewhere, Cable & Wireless
agreed that BTC should not
include in its RAIO the ability
for other licensed, Bahamas-
based operators, to terminate
international calls on BT'C’s own
network. Backing URCA’s deci-
sion not to regulate the settle-
ment rates that BTC charged
international operators for ter-
minating their incoming calls to
the Bahamas, since no end-users
here would be impacted, Cable
& Wireless said the revenues
generated “provide a welcome
boost to the Bahamas’ econo-
my” and gave BTC a funding
source for its USO obligations.

Yet BTC’s likely strategic
partner warned that URCA’s
proposals would have the effect
of whittling down settlement
rates to cost-oriented levels, and
Cable & Wireless said: “With
few barriers to entry to becom-
ing an operator licensed in the
Bahamas and competing in the
market for transiting interna-
tional calls to the Bahamas, any
settlement premium to the
domestic termination rate would
be rapidly competed away.”

Breaking down this market
into two - one for the transit of
international incoming calls to
the Bahamas, the other for their
settlement - Cable & Wireless

said there was active competi-
tion in the first, and given its
commercial arrangements with
foreign telecoms operators, “no
market failure” requiring regu-
latory intervention.

Drawing on Jamaica’s liber-
alisation experience, where reg-
ulators imposed cost-based rates
for international incoming ser-
vices, Cable & Wireless said that
by December 2003, settlement
rates for fixed-line calls were
averaging $0.14 - down from
$0.19 in January 2001.

The settlement rates, it said,
trended towards the interna-
tional call termination rate as
new entrants to the Jamaican
market negotiated settlement
rates “at a margin” above the
termination rate.

New operators became “mar-
gin gatherers”, Cable & Wire-
less said, pointing out that in ear-
ly January 2004 when the termi-
nation rate was reduced to $0.01
with the removal of Jamaica’s
Access Deficit Charge (ADC),
the settlement rate dropped to
$0.017.

Arguing that every $0.01 fall
in the settlement rate cost
Jamaica $300,000 per month in
foreign currency revenue
inflows, Cable & Wireless said
that if URCA directed provision
of this service, it should restrict
“cost-based interconnection” to
operators that had invested in
their own network infrastruc-
ture. This would help sustain-
able competition.

“Tf service providers that have
made little or no investment in
infrastructure are able to obtain
access at the same cost-based
rate as network operators, there
will be no incentive for opera-
tors to develop any network of
their own,” Cable & Wireless
warned.

“This will result in competi-
tion in name only - as numerous
service providers effectively
resell the services of network
operators without contributing
to the development of the
telecommunications infrastruc-
ture in the Bahamas.

“This kind of competition will
not be sustainable in the long-
run, and in the absence of regu-
lation, and will deliver little val-
ue-added to the Bahamian econ-
omy.”

Mrs Bowleg saying: “Our commitment is for one
location at a time.”

The Bahamas had two Subway franchises - oper-
ated by Floyd Miller and Wesley Bastian - until ear-
lier this year, when Mr Bastian lost his rights to the
sandwich and salad franchise, and converted some
of the former Subway locations to his own brand,
Bahamas Subs and Salads.

Mr Bastian informed Tribune Business last week
that he is moving the Bahamas Subs and Salads
branch that has been operating out of the former
Subway location on Charlotte Street to Village
Road. This could pave the way for John Bull to re-
open Subway downtown. Meanwhile, the John
Bull-owned GUESS store in the Marathon Mall
closed on October 30. The company determined
that it did not wish to stick with the franchise after
GUESS made new demands of the company,
according to Mrs Bowleg.

“The new business model for a GUESS stand
lone store requires GUESS Los Angeles to either
own the store or enter into a joint venture with
John Bull. John Bull had no interest in continuing
the business in this manner,” said Mrs Bowleg.

The John Bull executive said customers can still
purchase GUESS watches, handbags, fragrances,
sunglasses and accessories in select John Bull stores,
although GUESS brand clothing will no longer
be available.

All the staff from the store were “transferred to
other John Bull locations”, she added.

John Bull

Meanwhile, with the recent opening of Party
Land, Mrs Bowleg said the company hopes to
encourage more Bahamians to shop at home rather
than abroad, the store having come to fruition
after the company obtained feedback from cus-
tomers “expressing that the Bahamas needed a
complete party store offering a large range of
themed items for adults and kids”.

“We felt compelled to take party supplies retail
to another level in the Bahamas. The company
has been selling party supplies at our Business
Center for many years, and saw the expansion
into this business as an excellent opportunity. The
new addition to the Harbour Bay Shopping Centre
provided the perfect location,” said Mrs Bowleg.

Five full-time and two part-time staff are present-
ly employed at the store.

Speaking to John Bull’s decision to expand and
diversify at a time when many other businesses
are consolidating or shutting down, Mrs Bowleg
said: “John Bull was founded in 1929 during the
time of the Great Depression, when other estab-
lishments in that era were either closing down or
not looking to expand. Our decisions to
expand/diversify are based on consumer demands
for new product offerings in various categories.

“We are able to offer luxury at all levels (afford-
able to the luxurious) because we are such a diver-
sified company. Luxury retail remains at the heart
of our operation, (but) forward thinking is the
only way to move ahead in this economy.”

Assistant Financial Controller

Societe Generale Private Banking (Bahamas)
Led., part of the Societe Générale Group, is a
Private bank providing a comprehensive

wealth management service

Societe Generale Private Banking is currently
looking bo PeCcruit an Assistant Financial
Controller, The incumbent will be primarily
responsible for Whe tormely finarecials and
Management reporting of the Trust &
Fiduciary Operations and ta alsa ensure that
Proper accounting procedures and controls

are adhered to.

You must hold a professional qualification
such as: CRA, CA, ACCA designations, and
have a minimum of 3 years Managerial

BX perience,

You should have excellent communication
skills, be able to work to Strict deadlines and
work effectively aathin the team and
corporate framework while being accessible

to colleagues and team members

SOCIETE GENERALE
Private Banking

Sede ke Gereeraée Prat Beating Geer! LE. 6.

breed eaderthe Lack A Trt Companies Eegadations Act

The position offers an attractive salary amd
benefits package including, pensboan and

bonus schemes.

Applications should be submitted to the
following address, to anive on of before 12
November 2010.

Head of Human Resources

Societe Generale Bank (Bvharnas) Led
PO Bow W778

Nassau

Bahamas



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

WEDNESDAY, NOVEMBER 3, 2010, PAGE 7B



aa | =-
Food retailer eyes $2.5m expansion

FROM page one

at least 50 new jobs at the growing gro-
cery retailer.

Mr Lightbourne, who already
employs 125 people at the Gladstone
Road food store which opened in
December 2009, said the expansion will
involve an increase in the number and
variety of retail lines at Phil’s, with a
special focus on growing their produce
sales in the wake of the Prime
Bahamas/Bahamas Food Services merg-
er. Wholesale liquor will also be intro-
duced.

“We are putting in a massive cooler
and taking the produce market to anoth-
er level. Since Prime Bahamas (recent-
ly absorbed by BFS) shut its doors, the
retail market has gone really weak. We
are going to pick up the slack,” said Mr
Lightbourne.

A former Bahamas Food Services
employee, who spent 30 years at the
food wholesaler, Mr Lightbourne, who
left his post as director of operations in
2009, yesterday hit back at claims that
his low prices stemmed from Customs
Duty or Stamp Tax evasion, or from
any financial backing by Craig Flow-
ers, chief executive of the FML Group
of Companies.

Denying all these allegations, he fur-
ther refuted a rumoured involvement
in Associated Grocers of the Bahamas
- the company which last week signed a
Memorandum of Understanding with
BSL Holdings, the majority sharehold-
er in City Markets, to purchase their 78
per cent stake.

However, the former BFS employ-
ee said that unlike many in the grocery
retailAvholesale business, he “is not cry-
ing about” but, rather, supports, any
movement by BFS into the retail mar-
ket. BFS general manager Don Car-
nine had sought to distance BFS from
the buy out of City Market on Mon-
day, but admitted that it is BFS princi-
pal, Ben Frisch, who is leading the move
to acquire the company.

“T am not a part of it, but I am not
opposed to it. 1am 100 per cent behind
it if they have the financial backing and
expertise. They are the only company
with the expertise, the buying power
and the manpower to take City Mar-
kets to another level. The whole society
is crying about it, but what’s going to
happen otherwise is that in the next
couple of weeks 700 people are going to
be laid off, and you know how many
families that is,” said Mr Lightbourne,
adding that he welcomes greater com-

petition in the Bahamian grocery mar-
ket if it makes other retailers drive down
their prices.

As other retailers try to “figure out
what I am doing”, Mr Lightbourne told
Tribune Business he “has a vision on a
mission”, which is to reduce the cost of
quality foods for the average Bahamian.

Phil’s Food Services has developed a
reputation for its meat packages, which
at just under $100 provide a variety of
meat products such as steaks, burgers
and shrimp in such quantities that they
could reasonably feed a family of four
for a month.

“The only way to make a name in
this industry is to put something togeth-
er that has never been done before. I
put together a package and I came in at
a time when families were hurting.
That’s how I got my name and my buy-
ing power,” said Mr Lightbourne.

Buying in bulk when prices are low-
est, and using ‘loss leaders’ - items sold
at cost or less to draw in customers in
greater volume - is key to Phil’s Food
Services strategy, said the businessman.

“Tf you carry 5,000 items and sell 30 at
cost, will that hurt you? The other 4,000
will make up for whatever you lost
there,” he said.

“T do not buy 100 cases of pork loin

or steaks. I buy 2,0000 or 3,0000 thou-
sand steaks - five or six months’ supply
instead of a week. The American econ-
omy is as bad as anywhere, and there
are so many deals out there you have to
search for it. After being at BFS for so
many years, I came into industry and my
name took me a long way,” said Mr
Lightbourne.

He said some of the same players in
the industry who he believes protested
about his low prices when he opened
now sell the same items for the same

rice.

“I sell chicken leg quarters for 69
cents a pound. Every wholesaler went to
Customs saying it’s impossible for me to
sell it for 69 cents when I first entered
the market, and now they are all selling
it for 69 cents a pound. I buy it when it
goes down to 29 cents to 40 cents per
pound, and land it for 53 to 56 cents
per pound. If you buy it for more than
40 cents you are landing it for 63 cents.
T use it as a draw item,” explained Mr
Lightbourne.

The businessman said that complaints
to the Customs Department from com-
petitors when he first opened his doors
were such that “Customs spent the
whole of the first month I was open at
my place”.

“When they left the could see I had
the best record of anyone,” added Mr
Lightbourne. “Phil’s Food Services owes
Customs zero, and I pay on time.”

Nonetheless, Mr Lightbourne said
the response from the public towards
Phil’s Food Services has been “110 per
cent support”.

“They’ve been amazing,” said the
businessman, claiming that he has sold
300,000 steaks since opening and regu-
larly shifts five 40-foot containers worth
of produce in a week, having seen foot
traffic through the store grow to 20,000
a month of late.

“Each week I think: ‘What will I put
on special for Bahamians this week?’.
Others are saying how can they get an
extra five or ten cents here or there,” he
charged.

But despite his apparent success, Mr
Lightbourne revealed he does not
intend to stay in the business for more
than six years.

“Then I intend to enjoy my life and
see the world. If I walk away with some-
thing, I will have walked away knowing
Thave helped take care of the Bahami-
an people, making sure they all eat well
and that the whole government and
those in the industry make sure they
bring prices down,” he said.



Retailer’s ‘aggressive’ Out Island franchise planning

FROM page one

ernment may not have fully
understood its plans, which
involve partnering with exist-
ing Bahamian retailers rather
than driving them out of busi-
ness, Sandy Schaefer, Robin
Hood’s president, said his goal
was to enable Family Island res-
idents to purchase food and
other goods at the same prices
enjoyed by New Providence
residents, something he
believed would help reduce
poverty and raise living stan-
dards.

“We’re still trying to set up
Robin Hood franchises in the
Family Islands,” Mr Schaefer
told Tribune Business, explain-
ing that the Government had
been reluctant to approve such
a plan, which he had disclosed
last year.

“They felt that if they let
Robin Hood go out there, it
would kill the local business-
es,” he added.

Yet, outlining the basic con-
cept of his proposal, Mr Schae-
fer said: “A lot of people in the
Family Islands are being
exploited by usurious kinds of
practices and freight rates.
We’re looking for franchisees,
not to own our own stores.

“When we aggressively start
pursuing that, we will find local
purveyors to grow with and
convince them to buy goods
cheaper than they are currently
getting.”

By partnering with Robin
Hood and becoming a fran-
chisee, Mr Schaefer said Fami-
ly Island grocery retailers would
be able to source a greater
range of products - and at bet-
ter prices - through himself,
making their stores destination
outlets for their communities
with consumer prices the same
as those found on New Provi-
dence.

“Next year, we will aggres-
sively start looking for fran-
chisees in all the Family Islands
- Exuma, Eleuthera, Andros,”
Mr Schaefer told Tribune Busi-
ness. “There’s a lot of people
on those islands suffering in
poverty, and they will benefit
greatly from reduced costs.”

Tribune Business revealed
last week how Mr Schaefer was
looking at investing a further
$30-$40 million over the next
four years to expand the retail-
er's total Bahamian store port-
folio from the current two to
six.

"We're looking for another
four to five acres to build our
own shopping centre, probably

NOTICE

NOTICE is hereby given that LARISTE LAZARE of HANNA
HILL, EIGHT MILE ROCK, FREEPORT, GRAND BAHAMA 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
27th day of OCTOBER, 2010 to the Minister responsible for
Nationality and Citizenship, P.O.Box N-7147, Freeport, Bahamas.

ae
NAD

Nassau Airport
Geveliopment Company

-140 Airside Chil and ¢-150 Landstde Chl, Stage 2 amd 7

somewhere in the south," Mr
Schaefer said of plans for a
third Robin Hood store in New
Providence. "I think there's a
great market unexplored down
there. I have a couple of
options we're looking at, and
if anyone has land they're look-
ing to sell cheaply, give me a
call.

"Beyond that, we're looking
for a fourth store and then will
consider New Providence total-
ly developed. Our logical next
step will be Abaco over
Freeport, and then we will do
Freeport, all in the next three to
four years."

Asked how much investment
this would involve, Mr Schaefer
told Tribune Business: "If you
look at everything involved -
the cost of acquiring the land,
building the shopping centre,
fixturing it and stocking it,
you're looking at a minimum
for another four locations of
anywhere from $30-$40 mil-
lion."

Some 55-65 contractors and

tradesmen are working fever-
ishly to get Robin Hood's
Prince Charles store ready for a
pre year-end opening, and Mr
Schaefer added: "I would say
that as far as the building is con-
cerned, we're better than 50 per
cent of the way there. We're
actually going to start stocking
the store in the next three-and-
a-half to four weeks."

Apart from the new Robin
Hood store itself, Mr Schaefer
confirmed that he also plans to
construct -beginning in Decem-
ber or the New Year - a $4-$4.5
million, 44,000 square foot, two-
floor shopping centre on the
same four acre property. It will
be located in front of Robin
Hood, closer to the actual road-
way itself.

"I'm sure you're looking in
the hundreds," he said, when
asked about the number of jobs
set to be created by his expan-
sion venture.

"There's hundreds of jobs to
be created within the next 10
months."

NOTICE

INTERNATIONAL BUSINESS COMPANIES ACT
(No 46 of 2000)

TAMORA HOLDINGS LIMITED

IBC N° 133837 B

(In Voluntary Liquidation)

NOTICE is hereby given that in accordance with Section 137(1) (g) of
the International Business Companies Act N’ 46 of 2000, TAMORA
HOLDINGS LIMITED has been dissolved and has been struck off
the Register of Companies with effect from the 9th day of September,

2010.

ROYAL @ FIDELITY

Morey al Werk








































Legal Notice

NOTICE
Naboil Investments Ltd.

(In voluntary Liquidation)

Notice is hereby given that the above-named
Company is in dissolution, which commenced
on the 29th day October, 2010. Creditors having
debts or claims against the above-named Com-
pany are required to send particulars thereof to
the undersigned c/o PO. Box N-10378, Nassau,
Bahamas, on or before 15th December, 2010. In
default thereof they will be excluded from the
benefit of any distribution made by the Liquidator.

Alain Kunz
(Liquidator)

NOTICE

INTERNATIONAL BUSINESS COMPANIES ACT
(No 45 of 2000)

METROWORLD
INVESTMENTS LLC

LIQUIDATOR’S NOTICE

PURSUANT TO SECTION 138 OF
THE INTERNATIONAL BUSINESS COMPANIES ACT

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

Dated the 13th day of October, A.D. 2010.
1 |

i |
# — t —
For ad on behalf of

Redégrn Cofasultants Limited

Liquidatar, |

= FG
cc

CAPITAL MARKETS
BROKERAGE & ADVISORY SERVICES

clic Tcow TT A TT.

BISX LISTED & TRADED SECURITIES AS OF:
TUESDAY, 2 NOVEMBER 2010
BISX ALL SHARE INDEX: CLOSE 1,488.10 | CHG 0.00 | %CHG 0.00 | YTD -77.28 | YTD % -4.94

FINDEX: CLOSE 000.00 |

YTD 00.00% | 2009 -12.31%

WWW ..BISXBAHAMAS.COM | TELEPHONE: 242-323-2330 | FACSIMILE: 242-323-2320

Nasa Airport Deakepmen Company [MAD c plaaseed to
amoonce the selewse of Trader 0-140 Acad ‘Crel and 0-150
Landsade Cral for Stage 2 and of the Lynden Finding Intemational
Aurport Expansion. MAD intends to enter iio one conbact for he
compahnn of Tess wrk packages

The aoope: of work oncluces

+ Earthmmang, drainage ond ublity works both aside and
lancsede

Roadway, parking bol and apron oonsiructon including asphalt

and concrete paainenl

Sag rege: and fighting fier roded mays, pearing lols, aprons aed
fey, and

Installaion of had and sot landside landscapeng and imgaton

The C-18) Arse Chal and 0-15) Lancer Cral Stage 2 ad 4
Tender Documents ell be enceilable for pack ep or elections:
@sinbuton afer 3000 pm, Thursday October 21h, 2070
Aubiddors meating wil be held at 110200 am, Tuesday
Hovember Sth, 2070

Flesse contact Tras Briaiy to regivier at the MAD Prowl fine

Contact TRAC BRISRY

Contracts and Procurement Manager
LPIA Expansion Project

Ph: (222) PO TORRE | Foe fet] AT?
Poll. Bo AP SE279. Masaeu), Bafana
Enea. trac bredrpiiras bs

52wk-Low
1.00
9.67
4.50
0.18
2.84
2.14
9.62
2.36
5.40
1.63
1.60
5.94
Â¥.29.
8.77
3.75
1.00
5.00
9.92
10.00

Previous Close
1.01

10.63

4.90

Securit
"AML Foods Limited
Bahamas Property Fund
Bank of Bahamas
Benchmark
Bahamas Waste
Fidelity Bank
Cable Bahamas
Colina Holdings
Commonwealth Bank ($1)
Consolidated Water BDRs
Doctor's Hospital

0.18
2.84
POF
10.47
2.36
6.50
2.08
1.60
6.07
7.29
9.74
5.46
1.00
5.59
9.92
10.00

Famguard
Finco

FirstCaribbean Bank
Focol (S)

Focol Class B Preference
ICD Utilities

J. S. Johnson

Premier Real Estate

Today's Close

Change
0.00
0.00
0.00

Daily Vol. EPS $
0.150
0.013
0.598
0.877
0.168
0.016
1.227
0.781
0.422
0.111
0.199
-0.003
0.287
0.645
0.366
0.000
0.012
0.971
0.991

Div $
1.01
10.63
4.90
0.18
2.84
2.17
10.47
2.36
6.50
2.08
1.60

0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

6.07
7.29
9.74
5.46
1.00
ao
8.92
10.00

BISX LISTED DEBT SECURITIES - (Bonds trade on a Percentage Pricing basis)

52wk-Hi__52wk-Low
99.46
100.00
100.00
100.00
100.00

Symbol
BAH29
FBB17
FBB22
FBB13
FBB15

Securit
Bahamas Note 6.95 (2029)
Fidelity Bank Note 17 (Series A) +
Fidelity Bank Note 22 (Series B) +
Fidelity Bank Note 13 (Series C) +
Fidelity Bank Note 15 (Series D) +

Last Sale

Change Daily Vol. Interest
0.00 6.95%
0.00 T%
0.00 Prime + 1.75%
0.00 7%
0.00 Prime + 1.75%

99.46
100.00
100.00
100.00
100.00

20 November 2029
19 October 2017
19 October 2022

30 May 2013
29 May 2015

RoyalFidelity Merchant Bank & Trust Ltd. (Over-The-Counter Securities)

S5S2wk-Low Bid $
O17
0.35

Symbol
Bahamas Supermarkets
RND Holdings

Ask $
6.01
0.40

Last Price P/E Yield
14.00

0.55

Daily Vol. EPS $
-2.945

0.001

Div $
0.000
0.000

CFAL Securities Ltd. (OQver-The-Counter Securities)

ABDAB
RND Holdings

30.13
0.45
BISX Listed

NAV
1.5056
2.9187
1.8579.
2.8624
13.5642
114.3684
106.5528
1.1318
1.0969,
1.1320

Fund Name
CFAL Bond Fund

CFAL MSI Preferred Fund

CFAL Money Market Fund

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

CFAL Global Equity Fund

FG Financial Preferred Income Fund

FG Financial Growth Fund

FG Financial Diversified Fund

Royal Fidelity Bah Int'l Investment Fund Principal
Protected TIGRS, Series 1

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

Royal Fidelity Bah Int'l Investment Fund Principal
Protected TIGRS, Series 3

Royal Fidelity Int'l Fund - Equities Sub Fund

1.4076
2.8300
1.4920
2.8522
13.0484
101.6693
99.4177
1.0000
1.0000
1.0000
9.1005
9.6938
10.0000
10.5308
9.1708
9.4372

4.8105 7.8830

31.59 4.540

0.002

0.000
0.55 0.000
Mutual Funds

YTD%
4.65%
1.10%
3.37%
-8.16%
1.47%
9.98%
4.75%
3.85%
2.71%
3.79%

0.55

NAV 3MTH
1.482477
2.919946
1.539989

NAV 6MTH
1.460225
2.811577
1.524278

Last 12 Months %
6.96%
3.13%
4.42%
-7.49%
2.95%
12.49%
7.18%
8.22%
6.44%
5.71%

30-Sep-10
30-Sep-10
30-Sep-10
31-Aug-10
30-Sep-10
109.392860 30-Jun-10
100.779540

107.570619
105.776543 30-Sep-10
30-Sep-10
30-Sep-10
30-Sep-10
3.77%

5.71% 30-Sep-10

-2.23% 4.10% 30-Sep-10

-5.63%
2.15%

-5.63%
6.29%

31-Aug-10
30-Sep-10

MARKET TERMS

BISX ALL SHARE INDEX - 19 Dec 02 = 1,000.00
52wk-Hi - Highest closing price in last 52 weeks

52wk-Low - Lowest closing price in last 52 weeks

Previous Close - Previous day's weighted price for daily volume
Today's Close - Current day's weighted price for daily volume
Change - Change in closing price from day to day

Daily Vol. - 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 earnings

KS) - 4-for-1 Stock Split - Effective Date 8/8/2007

($1) - 3-for-1 Stock Split - Effective Date 7/11/2007

Bid $

N/M -



YIELD - last 12 month dividends divided by closing price

- Buying price of Colina and Fidelity

Ask $ - Selling price of Colina and fidelity

Last Price - Last traded over-the-counter price

Weekly Vol. - Trading volume of the prior week

EPS $ - A company’s reported earnings per share for the last 12 mths
NAV -

Net Asset Value
Not Meaningful

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

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

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


WEDNESDAY, NOVEMBER 3,

2010



PAGES 15 &14 ¢ International sports news



RED TTT City
WTEC
Co SA
aT

By RENALDO
DORSETT

Sports Reporter
rdorsett@tribunemedia.net

THE ICC has
announced the final
squads for the eight-team
Pepsi ICC World Cricket
League Division § tourna-
ment which is scheduled
to be played November 6-
12 in Kuwait.

Teams from Suriname,
Vanuatu, Bhutan, Gibral-
tar, Germany, Zambia and
the Bahamas are expect-
ed to join host Kuwait for
the first ever WCL Div. 8.
The top two sides at WCL
Div. 8 will win promotion
to the WCL Div. 7 to be
staged in Botswana in May
next year.

As the international
profile of our national
cricket programme con-
tinues to grow, the
Bahamas is preparing to
face arguably its toughest
test yet in the month
ahead.

Members’ of the
Bahamas men's senior
national cricket team gear-
ing up for the challenge to
compete at the Pepsi
International Cricket
Council's World Cricket
League Division Eight are:
Gregory Taylor, Marc
Taylor, Jonathan Barry,
Gerron Dean, Jermaine
Adderley, Mario Ford,
Dereck Gittens Jr, Robert
Ford, Ashmeid Allie,
Shanaka Perera, Julio
Jemison, Dwight Weakley,
Gregory Irvin and Naren-
dra Ekanayake.

The Bahamas will have
to finish in the top two to
be promoted into Pepsi
ICC World Cricket
League Division Seven,
which is scheduled to take
place in Botswana in May
next year. Teams that have
already qualified for that
tournament are the host
country Botswana, Japan,
Nigeria and Norway.

The matches will be
hosted on four match
grounds in Kuwait,
Hubara, Unity, KEC and
Sulaibiya.

This particular event
will feature eight sides,
whereas other ICC events
traditionally hosted six
teams in the World Crick-
et Leagues and thus the
tournament is being
played in a format with
two groups of four.

In the group stages, each
team will be assessed two
points for a win, one point
for a tie and will receive
no score for a loss.

The sixth day of the
tournament will feature
playoffs between the
groups after the final
group standings have been
completed. The Division
Eight finals and position
playoffs will conclude the
tournament on its final
day.

The senior national
team will travel early to
Kuwait to familiarize itself
with the surroundings and
participate in a few exhi-
bition matches before the
tournament gets under-
way.





UP CLOSE & PERSONAL: Nicole Avant

Colts top
Texans, take
charge in

AFC South...
See page 14

Magnum 3rd overall pick
in NBA D-League draft

By RENALDO DORSETT
Sports Reporter
rdorsett@tribunemedia.net

he emotional

highs and lows

continue for

Magnum Rolle

on his path
towards being on an NBA
roster.

Rolle was the third overall
pick in Monday night's NBA-
Developmental League draft
when he was selected by the
Maine Red Claws, the NBA's
affiliate of the Boston Celtics
and Charlotte Bobcats.

Just a week ago, Rolle was
expected to be a member of
the opening night roster for
the Indiana Pacers, but was
released a day before the
NBA opened its regular sea-
son and two days before the
Pacers were scheduled to
debut its 2010-11 roster.

Although affiliated with the
Boston Celtics and Charlotte

Four

By BRENT STUBBS
Senior Sports Reporter
bstubbs@tribunemedia.net

FREEDOM Academy, Mt
Carmel, Temple Christian
and Carlton Francis emerged
as the four playoff teams in
the girls’ segment of the Tem-
ple Christian Academy’s first
Elementary Basketball Tour-
nament.

Yesterday at the Temple
Christian Academy Audito-
rium, Freedom Academy fin-
ished undefeated at 3-0 with a
13-3 win over St Anne’s Blue-
waves to lead Pool A, while
Mt Carmel stunned Yellow
Elder 13-8 for second place.

In Pool B, Temple Christ-
ian pulled off a pair of routs
with an 18-2 decision over
Carlton Francis and a 17-2
spanking of Centreville to
post a 3-0 record. Carlton
Francis came back and
shutout St John’s 2-0 for sec-
ond place.

“The girls’ play is finished.
The competition is now start-
ing to stiffen up as we head
into the playoffs,” said tour-
nament director Keno
Demeritte. “All teams are
getting primed, so we are
going to get to see some more
challenging games for the
playoffs.”

The four teams will have to
wait until Friday when Free-
dom Academy cross over and
play Carlton Francis and Mt
Carmel take on Temple
Christian.

What is interesting to note
is that Sherman Smith coach-
es both Freedom Academy
and Carlton Francis, which
makes one wonder which
team he will lean more
towards winning to secure
their berth into Friday’s
championship.

“This is the second tourna-
ment that I coached both
Freedom Academy and Carl-
ton Francis into the playoffs,”
Smith said. “It’s going to be
fun because I know both

the Bahamas, her work and keen
interest in the world of sports.

“J interviewed her and she is going
to tell the Bahamian people about
how she grew up in California and
she will talk about her lifestyle,



DRAFTED: Magnum Rolle was
the third overall pick in Monday
night’s NBA D-League draft.

Bobcats, players in the D-
League are essentially free to
sign with any NBA team
should the opportunity arise.

Rolle will join current Red

teams are capable of beating
each other.”

While the girls’ playoffs
have been set, the 13 teams
will begin play today in three
pools in the boys segment.
They will wrap up play Thurs-
day before their playoffs set
for Friday.

Here’s a summary of the
gitls’ games played yesterday:

Temple Christian 18,

Carlton E Francis 2

It appeared that Temple
Christian’s swamping defence
was going to shutout Carlton
E Francis. But after falling
behind 14-0 at the half, Carl-
ton E Francis managed to get
on the scoreboard in the sec-
ond half.

By then, the damage had
already been done as Temple
Christian cruised to their sec-
ond victory behind China
Curry’s six and the four
apiece from Tiffany Hanna
and Dashae Stubbs.

St John’s 5, Centreville 4

Just when St John’s needed
a lift, they got it from their
opponents when a player
from Centreville scored in St
John’s basket to seal the deal.

St John’s got two points
from J Callendar and J Camp-
bell was credited with the
errant basket to go along with
her free throw in the win.

Mt Carmel 13,

Yellow Elder 8

They played a real defen-
sive battle in the first half as
Mt Carmel held onto a 4-3
advantage. But in the second
half, Mt Carmel surged ahead
8-5 and Yellow Elder blew a
couple of trips to the free
throw line. That enabled Mr
Carmel to preserve the win.

In a balanced scoring
attack, R Elezerir and D
Christopher both scored four
and A Sherman added three,
while D Saintelies chipped in
with two. Yellow Elder got

said.

ety.”

which saw her journey around the
world in the field of music,” Mackey

“She told me that she eventually
got into a mentoring programme
where she was helping young girls.
She feels it’s so essential for young
girls to develop their self-esteem
before they become mothers. It’s
also important for them to get an
education because once they get an
education, they can be set up for life
to do some positive things in soci-

Appointed by US President

Claws players Paul Harris,
Tiny Gallon and Mario West
in an attempt to lead the team
back into playoff form.

As one of the final three
players cut, the Pacers had
the option to have Rolle
assigned to their affiliate, the
Fort Wayne Mad Antz, how-
ever, chose not to do so leav-
ing the door open for the Red
Claws to make the selection.

Both players selected ahead
of Rolle, the 611" 230-pound
forward out of Louisiana
Tech, have experienced brief
stints with NBA clubs in
recent years.

Nick Fazekas was taken
with the first pick in the draft
by the Reno Bighorns, while
Alan Anderson was selected
second overall by the New
Mexico Thunderbirds.

Fazekas was a star in the
NCAA, a two-time All-
American at Nevada, Reno,
was drafted in the second
round of the 2007 NBA draft

by the Dallas Mavericks. He
appeared in 26 NBA games
with the Mavericks and the
Los Angeles Clippers during
the 2007-08 season.

Anderson, a former star at
Michigan State, appeared in
53 games with the Charlotte
Bobcats form 2005-07.

Other notable first-round
selections include former
NBA Draft picks Robert
Vaden (the 54th pick by the
Charlotte Bobcats in 2009),
Cheikh Samb (the 51st selec-
tion by the Los Angeles Lak-
ers in 2006 and Salim
Stoudamire (31st overall),
selection of the Atlanta
Hawks in the 2005 NBA
Draft.

The Texas Legends select-
ed veteran guard Antonio
Daniels, with the 13th pick of
the second round .

Daniels, a surprising D-
League entrant, was the
fourth pick in the 1997 NBA
Draft, and averaged 7.6 points

in playotts

five from D Lubien and two
from Tavante Roker.

Freedom Academy 13,

St Anne’s 3

After falling behind 6-0 at
the half and 11-0 early in the
second period, St Anne’s
avoided getting shutout for
the third straight game.

Thanks to a free throw
from Breadawn Smith, St
Anne’s finally got on the
scoreboard and they went on
to cut the deficit to 11-3 as
Beyonce Scott canned a
jumper.

Freedom Academy, who
came out with a twin tower,
rallied once again on Cally
Australe as she pumped in all
of their points for the second
time in three games. “They
played much better and they

Barack Obama and sworn in by for-
mer president Hillary Clinton, Mack-
ey said Avant was delighted when
she came here. Former Governor
General Arthur Hanna accepted her
letter of credence.

Arrival

Since her arrival, Avant has
engaged her services in the Willa-
mae Pratt School for Girls and the
Woodstock Elementary School
where she and her staff have been
assisting the young girls.



had much more confidence,”
said St Anne’s coach Whit-
tington Brown about
rebounding from the two pre-
vious shutouts on day one.
“We didn’t really have a
chance to practice, but they
played much better. I think if
they had a little more time,
they would play even better.”

Temple Christian 17,

Centreville 2

They were too aggressive
in the first half, surging to a
13-0 lead. But after the break,
Centreville managed to score
their only basket to start the
second. That seemed to have
sparked Temple Christian as
they tightened up their
defence and they ran different
line-ups to hold on for the
win.

and 3.4 assists in 868 NBA
games.

Rolle's selection marks the
third consecutive year that a
Bahamian was taken in the
D-League Draft.

Bennet Davis was selected
41st in the 2008 NBA D-
League draft by the Utah
Flash. In two seasons, he aver-
aged 13.7 points and 7.7
rebounds while shooting 41
per cent from the field.

His most notable D-League
achievement came when he
was named to the NBA D-
League's Select team which
competed against some of the
league's best rookies and
young talent at the 2010 Las
Vegas Summer League.

Mitchell Johnson was
selected with the 80th over-
all pick in the fifth round by
the Tulsa 66ers. After a brief
stint in the D-League, John-
son moved on to play profes-
sionally in Mexico while
Davis now plays in Hungary.

SPORTS
le

TENNIS

LUNN ELIMINATED

JUSTIN Lunn lost in the
second round of the F29
futures in Niceville, Flori-
da, this past weekend.

Coach Greg Russell said
that after a gruelling two
and-a-half hours with prac-
tically every game going to
deuce and add with one
service break each set,
Lunn was defeated by
Mark Oljaca of the USA
3-6 3-6. Lunn is slated to
head to Pensacola this
week for the F30 futures.



SOFTBALL

EXUMA CHURCH
LEAGUE

ACTION in the Exuma
Church League continued
on Saturday with the fol-
lowing results posted: Soul
Winner's Gospel blanked
Church of God of The Fer-
ry 7-0; Mt Carmel def. St
Margret Stuart Manor 5-
3; Church of Prophecy def.
St Peter’s 9-6; Palestine
def. Gilead 11-9.

T Hanna led the attack with
eight, China Curry had five
and both A Pinder and S La
added two.

Carlton Francis 2,

St John’s 0

The final game of the day
came down to a defensive bat-
tle as both teams were held
scoreless in the first half. It
wasn’t until mid-way in the
second half that Tanea Bow-
leg canned the only basket on
a jumper after one of their
players almost scored in St
John’s rim. “This is their first
year playing, so we are just
building the programme,”
said St John’s coach Tamica
Rigby. “They were a bit jit-
tery at the beginning, but with
a little more practice, I know
they will get better.”

Special edition of Best of Sports World TV show tonight

A SPECIAL edition of the Best of
Sports World TV show is expected
to be aired 8:30pm tonight when
commentator Carlos Mackey hosts
American Ambassador Nicole
Avant. And it is slated to be
rebroadcasted 6pm Saturday.

In the show, Mackey will talk to
the American on her appointment in

“She said she has some other
things on the drawing board that she
will reveal as soon as they are imple-
mented,” Mackey said.

As a close and personal friend of
Ervin ‘Magic’ Johnson, Mackey said
he learnt in the pre-taping of the
show that Avant is a huge sports

fanatic and she will provide her own

views on a number of local and inter-
national issues.

Mackey said he enjoyed inter-
viewing Avant and he’s confident
that the public will be quite enter-
tained.

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