Citation

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 )

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‘Supporters of Prime
Minister’ disrupt
MP’s BTC meeting

FNM MP Branville McCart-
ney had his town meeting on
the sale of BTC shut down by
members of his own party, The
Tribune has been informed.

Having publicly stated he
has yet to determine how he
will vote on the controversial
sale of 51 per cent of BTC to
Cable and Wireless, Mr
McCartney said the meeting
was designed to hear the views
and opinions of his con-
stituents before making his
decision.

However, according to
reports, the forum quickly

took a turn for the worse.

Having written to Prime
Minister Hubert Ingraham for
a representative to attend from
the government to state their
case, Mr McCartney report-
edly was told by the PM that
as a former Minister and cur-
rent backbencher of the party
he could represent the gov-
ernment sufficiently at his own
meeting.

Representatives from the
Utilities, Regulation and Com-
petition Authority (URCA),

SEE page 10

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WEDNESDAY, MARCH 2, 2011
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CARS FOR SALE,
a

AND REAL de
BAHAMAS BIGGEST i

rs ust i

Bran meeting



Tim Clarke/Tribune staff

CLARIFICATION

IN a front page article in yesterday’s Tribune,

it was incorrectly stated that the government had
allocated $18 million to pay BTC’s electricity ;

bills.

said to be $40 million in arrears.

BTC should not have been mentioned in the :
article, and The Tribune would like to apologise }
for any inconvenience this error may have caused. }



The story should have read that the Ministry of ;
Finance plans to allocate $18 million to take a siz- }
able chunk off the government's electricity debt. }

At last estimate the government’s account with }
the Bahamas Electricity Corporation (BEC) was }




night.



_ SEE SECTION E

THE ROYAL BAHAMAS DEFENCE FORCE apprehended more than
250 Haitian nationals suspected of being illegal immigrants in the
Exuma Cays yesterday afternoon. They were brought to Nassau
for processing last night.

The apprehension was made after two Haitian sail boats were spot-
ted near Ragged Island and Acklins. The first vessel, a 40-foot
sloop containing 164 persons was intercepted by Defence Force offi-
cers 18 miles west of Elbow Cay, Exuma around 11pm on Monday



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

_ MAN DIES IN HOSPITAL
IN YEAR'S 18TH MURDER

By AVA TURNQUEST
Tribune Staff Reporter
aturnquest@tribunemedia.net

THE country’s murder count is
on track to meet last year’s record-
breaking number.

The death of a 28-year-old man at
hospital on Monday pushed the
murder count to 18, mirroring totals
recorded last year for the month of
January and February.

The overall record was broken
for the second consecutive year in
November, and the year ended with
94 murders.

Murder demographics issued by
the police for 2010 indicated that
eight people were murdered in Jan-

SEE page 10



Officers intercepted a second, smaller vessel off Raccoon Cay,
Exuma with 93 suspected illegal immigrants. They met with the
Defence Force vessel HMBS Bahamas yesterday at 4.20pm to trans-
port the detainees to Nassau. Defence Force officers suspect a
third vessel is somewhere in the Exuma Cays.

CHINESE FIRM SCHEDULED FOR MAJOR
CONSTRUCTION WORK IN FAMILY ISLANDS

A CHINESE company is scheduled
to create new ports, bypass roads and
carry out other works on several Fam-
ily Islands.

Prime Minister Hubert Ingraham
said the China Harbour Company will
conduct a feasibility study and subse-
quently develop a project design for a
new port on Exuma.

NASSAU AND BAHAMA ISLANDS’ LEADING NEWSPAPER



As Exuma has outgrown its main
road with the island’s increasing devel-
opment, Mr Ingraham said the con-
struction of a bypass road is also being
planned.

The Prime Minister said the China
Harbour Company will also create a

SEE page 10





PAGE 2, WEDNESDAY, MARCH 2, 2011

THE TRIBUNE



Palmdale businesses decide to remove

controversial disabled parking spot

By NOELLE NICOLLS
Tribune Staff Reporter
nnicolls@tribunemedia.net

BUSINESSES in a Palm-
dale complex have decided to
remove a disabled parking spot
after it sparked controversy
among patrons.

Last week, angry customers
shopping at the complex com-
plained that the number of
spots designated for persons
with disabilities was excessive.

Representatives of the three
tenants, Starbucks, the
Bahamas Foot Centre, ABC
Prosthetics and Orthotics, as
well as the National Council
for the Disabled, met with






owners of the complex on
Monday to address the issue.
It was claimed that a “mutu-
al” decision was made to
remove the latest disabled
parking spot to be added.
“This collective decision
embraces the needs of the dis-
abled as well as able-bodied
clients, and is the result of
mutual understanding and con-
sideration. The owners of the
complex trust that members of
the general public will accept
the decision as one that is in
the best interest of all con-
cerned. It is also hoped that
respect will be given to the
needs of the disabled in our
community, by able persons

refraining from parking in
spaces designated for individ-
uals with disabilities,” said
owners of the complex in a
written statement.

The problem emerged last
week after ABC Prosthetics
created a handicap spot for
Starbucks customers in the
front parking lot, taking the
total number of disabled spots
to four. There is a large park-
ing lot to the rear of the build-
ing for customers of the three
businesses, but there are only
10 spots in the front. Two of
the three establishments on the
complex cater to people with
disabilities.

The Starbucks franchise

head office was not aware of
the arrangement between
ABC Prosthetics and the
Palmdale branch, neither were
the owners of the complex.
Both were surprised to learn
about complaints from some
patrons.

The meeting between the
various parties was said to be
“amicable.”

Jamal Nottage, owner of
ABC Prosthetics said there
was “a lot of passion whilst
talking because everyone
wanted to get their point
across.”

Because of the “miscommu-
nication” that kept the land-
lord and the Starbucks head

MINISTRY OF WORKS & TRANSPORT . Jf
NOTICE











IMPROVEMENT PROJECT
CORRIDOR 17
ABUNDANT LIFE ROAD

JOSE CARTELLONE CONSTRUCCIONES CIVILES S.A. has been awarded a Contract by
the Government of The Bahamas for the Completion of the New Providence Road Improvement
Project (International Package).

OMPLETION OF THE NEW PROVIDENCE ROAD

Please be advised that from Tuesday March 18 2011, Road Works will be implemented on sections
of Abundant Life Road.




WHAT IS THIS PHASE OF THE PROJECT ABOUT?





Improvements such as road widening will be carried out at the junctions:

Abundant Life Road & Independence Highway
Abundant Life Road & Soldier Road
Soldier Road & Windsor Place






The works include installation of new drainage facilities, utilities, water service laterals, milling
existing pavement, asphalt pavement, sidewalks, traffic signs & signals, street lighting and road






markings.

WHAT TO EXPECT IN A FEW WEEKS?
The public should expect partial lane & temporary road closures as the works will be carried out
Updates will be posted and announced through the media.







in different stages.

STAGE 1

° Motorist travelling north on Abundant Life Road should use Churchill Road as an alternate
as works will be carried out westbound on Abundant Life Road.





Motorist travelling south on Abundant Life Road should use the one lane traffic system






in place.

STAGE 2

e Motorist travelling north & southbound on Abundant Life Road should use Churchill
Road as an alternate.




RESIDENTS/LOCAL BUSINESSES/PEDESTRIANS
Access will be given to residents, pedestrians and the affected businesses in this area during the
construction process. Signs will be in place to identify safe passage for Pedestrians and Access

points to the businesses in the area from the diversion route.
The public will be updated through the local media (radio & television) for regular updates.








We do apologize for any inconvenience caused and we look forward to the cooperation of the

motoring public.

For further information please contact :

(The Contractor)

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

Email: bahamasneighbor@cartellone.com.ar

EAST/WEST HWY

(The Contracting Agency)

Ministry of Works & Transport

The Project Execution Unit
Hotline: (242) 302-9700

Email: publicworks@bahamas.gov.bs

FAST/ WEST HWY





THE CONTROVERSIAL disabled parking spot in Palmdale.

office out of the loop, he said it
was mutually agreed to remove
the fourth disabled parking
spot outside the Palmdale
building complex and allow the
three original spots to service
the whole building.

At first, “it looked like Star-
bucks was being inconsiderate,
but it wasn’t anything like that.
It was an employee who autho-
rised it, not a (head office)
administrator or manager, so
that was the whole miscom-
munication,” said Mr Nottage.

In a statement from the
owners, they said: “All parties
agree that three disabled park-
ing spaces out of a total of 10

spaces represent a fair per-
centage, and are sufficient to
meet the needs of respective
clients. The newly-painted dis-
abled space in question will
therefore be removed. Dis-
abled clients of all three busi-
nesses will have access to the
original three spaces that will
remain. Additional space at
the rear of the building pro-
vides overflow parking for the
three establishments.”

ABC Prosthetics offers free
detailing of disabled parking
spots for businesses. Last
week, Cycles Unlimited
received a disabled spot in its
parking lot.

Men rob cafe and
gun but employee

POLICE are searching for two armed men who robbed
Checkers Cafe and gun butted a woman employee.

The culprits, armed with handguns, entered the restaurant
on Robinson Road shortly after 1pm on Monday and
demanded cash.

It was reported that the thugs assaulted the woman after
they received an undetermined amount of cash, and subse-
quently fled the area on foot.

The woman was taken to hospital where she was treated
and discharged.

¢ POLICE are investigating the stabbing of a 20-year-old
at Palmetto Avenue off Baillou Hill Road.

The victim was taken to hospital by emergency medical
services after he was attacked by a man while at his home.

Shortly after 7pm on Monday, the 20-year-old was stabbed
in his back and arms and was listed in stable condition at hos-
pital.

¢ THREE men were arrested after police uncovered sus-
pected drugs and money while searching a home in
Pinewood Gardens.

Officers of team Rapid Strike recovered a quantity of
suspected marijuana, drug paraphernalia and cash from a
home at Bay Geranium Avenue.

The occupants of the home, aged 24, 39, and 45 were
taken into custody as police investigations continue.

¢ ABACO police are asking the public to come forward
with any information that may assist them in recovering a
stolen boat.

A 35ft yellow and white Malago (centre console) speed
boat was stolen from Windward Beach, Marsh Harbour
between 11pm on Sunday and 2am on Monday.

Anyone with relevant information is asked to contact the
police in Marsh Harbour at 367-2560, 367-3437, police emer-
gency at 919, or Crime stoppers at 328-TIPS.

RUTH THOMPSON
CLARKE-GOODRIDGE sem

January 6th, 1921 - March 2nd, 2010
Forever in our Hearts

GOD HAS NOT PROMISED

God has not promised
Skies always blue,

Or flower strewn pathways
All our days through.

God has not promised,
Sun without rain,

Or joy without sorrow,
Or peace without pain.

But God has promised,
Strength for the day
Rest for the weary,
And light on the way.

Grace for the trials,
Help from above,
Unfailing sympathy,

And undying love.

Author Annie Joneses Flint 1979

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



THE TRIBUNE

WEDNESDAY, MARCH 2, 2011, PAGE 3



PLP has ‘serious concerns’ over WSC

relationship with Consolidated Water

MURDER ACCUSED
FAILS TO APPEAR
IN COURT FOR A
SECOND TIME

By NATARIO McKENZIE
Tribune Staff Reporter

nmckenzie@tribunemedia.net :

A MURDER trial had to
be adjourned for a second
time after the accused, who

is on bail, failed to appear in :

court.

A warrant was issued by
Supreme Court Justice Jon
Isaacs on Monday for the
arrest of Livingston Taylor,
44.

Taylor is charged in the
murder of Eleuthera resi-
dent Sylvia Agnes Cates, 66,
who was found beaten to

death in the bedroom of her

Rock Sound, Eleuthera
home on Sunday October 7,
2007.

Taylor is also charged
with armed robbery and
housebreaking.

The accused, who was
arraigned on the charges
back in February 2008, was
granted $30,000 bail in
August of that year.

Taylor was not present at
court again yesterday and
the trial had to be
adjourned.

A new trial date will be
set if and when Taylor
appears in court.

His two suretors are
expected to appear in court
on Friday to explain why
they should not forfeit
$30,000.

Prosecutors noted yester-
day that the recent turn of
events have proven particu-
larly costly for the Crown,
which had to spend thou-
sands of dollars to accom-
modate their witnesses, sev-
eral of whom live in
Eleuthera and the United
States. Around 18 witnesses
are expected to testify.

Tony Scriven and Jilian

Williams are the prosecutors i

in the case. Taylor is repre-
sented by attorney Jerone
Roberts, who informed the
court on Monday that he
had spoken with Taylor the
previous day.



rn

Wednesiay MARCH 2 -8pm-IZNS

By CELESTE NIXON
Tribune Staff Reporter
cnixon@tribunemedia. net

THE Progressive Liberal
Party said it has “serious” con-
cerns about the Water and
Sewage Corporation’s rela-
tionship with the Consolidated
Water Company — alleging that
contracts have been awarded
to the company without the
correct public tender process.

The opposition party
described the WSC’s decision
to enter into a new contract
with Consolidated Water
(CWCO), as a “highly ques-
tionable” development.

However, Minister of State
for Environment Phenton Ney-
mour, branded the accusations
levelled by the opposition as an
“attack” on the integrity of the
employees of WSC.

“(Party chairman Bradley)
Roberts and the PLP continue
to attack civil servants in a man-
ner in which I would consider
inappropriate for a political
party that wants to be the gov-
ernment. These individuals are
merely carrying out their job.
I can defend myself, but he
should not attack civil ser-
vants,” Mr Neymour said.

The PLP alleged in a state-
ment that the extended five
year contract between WSC
and CWCO to increase the dai-
ly production capacity of the
Blue Hill Plant by around 67
per cent to 12 million US gal-
lons “will significantly impact
the public purse and perhaps
the environment” — and was
concluded without proper pub-
lic tender.

The PLP reminded the gov-
ernment of its 2007 Trust Agen-
da pledge, which said that min-
istries must be transparent and
accountable to parliament and
to the public for the operations
and policies of their respective
agencies.

The party also claimed that
in giving CWCO the contract,
the WSC had given the compa-
ny a monopoly over water

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PHENTON NEYMOUR, branded
the accusations levelled by the
PLP as an ‘attack’ on the integrity
of WSC.

delivery in New Providence.
However, Mr Neymour said
that any suggestion CWCO has

a monopoly is simply false.

“The Water and Sewerage
Corporation is supplied by
Consolidated Water, it receives
water barged in from Andros,
water from well fields in New
Providence and for decades has
received water from the New
Providence Development Com-
pany (NPDC),” the state min-
ister said.

Proposal

He pointed out that NPDC
has also submitted a proposal to
government to provide reverse
osmosis water for the corpora-
tion.

The PLP contended that
Water and Sewerage’s arrange-
ment with Consolidated Water
is not just an extension of the
current contract as previously
claimed by the government but
rather that the additional pro-

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duction will require a new plant
and should be identified as a
new project which should be
put out to public tender.

Mr Neymour called this an
outright falsehood.

He said the bid sought by
WSC was for the expansion of
the existing facility at Blue Hills
and to increase its capacity by
four million gallons.

“There are three reasons for
that. WSC is experiencing a
shortfall in the desired quantity
of production and would like
to increase that; the Baha Mar
project has come on stream and
we must be in a position to
meet the quantity required by
that development.

“Also, WSC is barging water
from Andros and it has been
calculated that RO water in
Nassau is of a better quality
than that barged in, and RO
water in Nassau replacing the
shipping cost in Andros can

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save the WSC two million a
year,” Mr Neymour said.

Allegations

As for the allegations that
the government has an unfair
bias towards Consolidated
Water, and only asked for oth-
er bids to conduct a “fishing
exercise” to establish prices for
that company, the state minister
said Mr Roberts and the PLP
are only of this opinion because
they were guilty of exactly this
kind of behaviour when in
office before 2007.

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PAGE 4, WEDNESDAY, MARCH 2, 2011

THE TRIBUNE





EDITORIAL/LETTERS TO THE EDITOR

The Tribune Limited

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

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

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

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

Publisher/Editor 1919-1972
Contributing Editor 1972-199]

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

Publisher/Editor 1972-

Published Daily Monday to Saturday

Shirley Street, PRO. 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

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

Jobs and scholarships, according to Mitchell

EARLY YESTERDAY morning a mem-
ber of our family left home in plenty of
time to catch a 10.30am flight from the air-
port. An hour later, instead of calling from
the airport to say that he had arrived, he
was calling with the information that he had
only got as far as San Souci, a three-minute
drive down the road from his home. The
traffic was horrendous due to road works
further down, which had brought traffic to a
standstill, and backed it all the way up the
Eastern Road. Needless to say he did not
make his flight.

Road works? Wasn’t Fox Hill MP Fred
Mitchell berating the government in the
House of Assembly on Monday for not, in
this recession, concentrating on the creation
of “Jobs! Jobs! Jobs!” for unemployed
Bahamians? But didn’t the abundance of
road works down the various designated
corridors, now creating a nightmare for
motorists, mean that jobs were being creat-
ed for many Bahamians? Baha Mar was
about to come on stream, and Arawak Cay
had provided work for others. This meant
that government was in fact doing its best to
create new work. Of course, many Bahami-
ans are still unemployed, but at least an
effort is being made to open news streams of
opportunity for them.

In the New Providence Road Improve-
ment Project six Bahamian sub contractors
have been retained whose staff provide land-
scaping, street lighting, sidewalks, drainage
wells, pipe culverts, curbing, WSC and pave-
ments.

Last week 560 persons were employed
on road construction, 81 of them foreign,
382 Bahamian. Among the Bahamians were
66 carpenters, 60 masons, 16 heavy equip-
ment operators, and 136 labourers. There
were also electricians, plumbers, laboratory
assistants, lowboy operator, back-hoe oper-
ator, gardener, receptionist, messenger, and
an assortment of other semi-skilled techni-
cians.

From complaining that government was
not concentrating on “Jobs! Jobs! Jobs!” for
Bahamians, Mr Mitchell then shifted gear
and complained that while government could
find money for road works, it could not find
money for scholarships for Bahamian stu-
dents — the country’s future.

We hadn’t much time to listen to his argu-
ment, but we heard just enough to know
that what he was saying was not logically
computing.

First of all government, according to Mr
Mitchell, was not creating jobs. But at least
current road construction was providing
some employment. Next, he complained,

Government could find money to pay for
roads, but not enough to provide scholar-
ships for Bahamians. In these economic hard
times first world countries, far more pros-
perous than the Bahamas, were doing no
better, some were even worse off and were
job cutting by the thousands.

However, it turned out that Mr Mitchell
was “misleading the House,” according to
Education Minister Desmond Bannister,
who said that government had provided
more student educational grants — not loans
— in one year than had Mr Mitchell’s gov-
ernment in its five-year term. Mr Bannister
demanded that Mr Mitchell retract his mis-
information. We had to turn off the televi-
sion, leaving the Minister and the Fox Hill
MP verbally sparring over the “misinforma-
tion.”

However, yesterday we did some research
on the matter. The Bahamas Government
Guaranteed Education Loans programme
— a programme that provided student loans,
which were to be repaid — was started by
the FNM government with the loan’s statu-
tory limit up to, but not to exceed $100 mil-
lion. The programme was then continued
by the PLP government. However, when
the Ingraham government was returned in
2007, it was discovered that the loan had
reached — if not exceeded — its statutory
limit — and students had failed to repay $60
million of their loans. To date $70 million is
still outstanding. The programme had to be
discontinued for non payment.

However, two years ago — despite the
recession— the Ingraham government intro-
duced educational grants (scholarships),
which relieved students of the repayment
burden. In 2007/8, $3 million was provided
for these grants; 2009/10, $6 million was allo-
cated. This year $7 million has been provid-
ed for student grants.

During the PLP years — 2002-2007 — the
Christie government continued the student
loan programme, which students were under
legal obligation to repay. However, in the
final year of its five year term — in the
2006/7 budget — the PLP provided $400,000
for student grants (scholarships). So Minis-
ter Bannister was correct in saying that his
government had so far given out more in
scholarships — $16 million in three years
— than had the PLP in all of its five years
($400,000).

We still can’t fathom Mr Mitchell’s argu-
ment about government’s failure to create
jobs and assist students with grants for high-
er education.

But, of course, that’s politics and politi-
cians, so what can one expect.

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Full training will be provided and an excellent commission based
remuneration package awaits successful candidates.

If you have what it takes fo join our team we are waiting to hear from

you...

Please send your applications to:

DA 1257
c/o The Tribune
P.O, Box N-3207

Nassau



An open
letter to
the Prime
Minister

EDITOR, The Tribune.

This is an open letter for
publication to the Prime
Minister.

Dear Prime Minister,

Each year some 4,200 fif-
teen to sixteen-year-old
young Bahamians sit the
annual BGCSE examination
in English. Of this number
some 750 (18 per cent), fail
so badly they are deemed
illiterate with a further 1,750
(42 per cent), failing the
examination and regarded
as semi-literate at best.

This state of affairs has
been known and recognised
for many years, a situation
of which you, the Prime
Minister, said you were
“regretful” in a speech you
gave in July 2009.

By June this year a fur-
ther 5,000 young Bahamians
will have left their school-
ing “illiterate” or “semi-lit-
erate” in which time noth-
ing has happened.

The United Nations Edu-
cational, Scientific and Cul-
tural Organisation
(UNESCO) in their Pro-
gramme for International
Student Assessment of 15-
year old young people
define literacy as: “The abil-
ity to understand, use and
reflect on written texts in
order to achieve one’s goals,
to develop one’s knowledge
and potential, and to partic-
ipate effectively in society.”

The 2,500 young Bahami-
ans “failed” by the Ministry
of Education each year fall
far short of UNESCO’s def-
inition and in their words
will be “facing a life of
uncertainty, unemployment
and poverty.”

On this annual basis of
failure there are probably
some 30,000 young Bahami-
ans in the education system
today who await this even-
tual fate.

If we were to look at
numeracy, the figure would
be over 40,000. This shock-
ing record should be a con-
cern for any self-respecting
government.

Further analysis of the
data reveals that the major-
ity of young Bahamians who
“fail” each year are boys,
possibly some two-thirds or
more.

This hides a greater fig-
ure, for increasingly more

LETTERS

letters@tribunemedia.net



and more young boys are
“dropping out” of education
each year — a problem
acknowledged by the Minis-
ter of Education in July
2010.

The year-on-year increas-
ing number of unemploy-
able young boys has huge
implications for Bahamian
society through rising crime
levels and the escalating
costs of policing of this
crime; the justice system; the
prison; and the probation-
ary services.

As the evidence from oth-
er countries shows, the
intensification of crime
through failing education
leads to crime and gang
membership.

The 73 deaths surround-
ing the arrest of Christopher
“Dudas” Coke in Jamaica
in 2010 hangs over the
Caribbean as a salutatory
reminder of what can hap-
pen and the affect this can
have on the economy of a
country as tourists turn their
back on visiting a “crime hot
spot” for their vacation.

What has the Govern-
ment and the Ministry of
Education been doing to
address and begin to reverse
this problem?

Nothing — we know, as
you do, for we have now
spent some eighteen months
in fruitless discussions with
the Ministry of Education
over a “literacy initiative”
for young primary school
boys during which time we
have supplied considerable
supportive information, but
the Ministry appears to be
in denial of a problem of
their own making and intent
in finding reasons not to do
it.

Can a reason be cost? We
do not know, but think not
for the cost of providing this
initiative for seven to nine-
year-old primary school
boys would be just over one
quarter of one percent (0.25
per cent) of the annual edu-
cation budget — a small sum
in the grander scheme of
things.

Both you, Prime Minister,
and the Ministry of Educa-

tion are continuing to fail
young Bahamians putting at
risk not only their future but
also the potential prosperity
of our country that has to
increasingly compete in a
highly competitive global
market where education is
greatly valued by the fast
growing economies of Chi-
na, India, Brazil and Singa-
pore.

It may interest you to
know that UNESCO reports
that some fifth of the world
is “illiterate.” The Ministry
of Education is well on tar-
get to achieve this with only
a further 2 per cent of young
Bahamians at BGCSE need-
ed to be deemed “illiterate”
rather than ‘“semi-literate”
(what does this vague phrase
really define?) The reality
is that the Ministry of Edu-
cation in its arrogance has
probably not only achieved
this dreadful “goal” but
exceeded it.

Our young deserve far
better than this, for our
nation’s very future is in
their hands.

The country needs to
understand why the Ministry
of Education and you, Prime
Minister, have failed in the
very trust put in you by the
young who attend our
schools in the belief that
they will receive a basic edu-
cation through which they
will after some twelve years
leave school literate and
employable in a modern
world.

We would like to ask you
if you would please tell the
nation what reasons you
have for not wanting to put
in place a much needed lit-
eracy initiative?

We would also like you to
explain what you are going
to put in place now (for time
is of the essence and each
child gets only one chance
of an education) to start
improving literacy levels
immediately so that future
young Bahamians have bet-
ter life chances than today?

MRS DEON COX
Principal, Skills Bahamas
& Howard Betts

— Consultant

to Skills Bahamas
Nassau,

February, 2011.

Heartfelt thanks for tidying up eastern
section of historic Western cemetery

EDITOR, The Tribune.

I'd like to express my heartfelt thanks to
the cemeteries division of the Ministry of
Works for the Herculean effort that went
into tidying up the eastern section of the

historic Western cemetery.

When three busloads of family, mostly

able transformation had taken place.
The experience was positive.

nity.

from abroad, visited the cemetery Saturday

to pay their respects to the brothers Aris-
tides and George Damianos, the sponge
brokers who arrived here in 1896, a remark-

Nassau

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.



A special thank you to Pamela Mullings
and Zack Thompson for all their help.

As I said in an earlier letter, they are a
credit to the Ministry...and to the commu-

ATHENA DAMIANOS

March 1, 2011

Spare the rod,
spoil the union

EDITOR, The Tribune

Re: ‘Secure The House’ — The
Tribune, February 24 , 2011

Why do we complain about
the juvenile behaviour of some
of our unions? After all, isn’t
it simply an inevitable case of:
“Spare the rod and spoil the
union?”

KEN W KNOWLES, MD
Nassau,
February 27, 2011.



THE TRIBUNE



LOCAL NEWS

WEDNESDAY, MARCH 2, 2011, PAGE 5



i

THE NEW FACILITY is pictured here in January. It had its unofficial opening on Mo





nday.

Students give opinions
on the new COB library
and information centre

By LAMECH JOHNSON

THE NEW state-of-the-art
Harry C Moore Library and
Information Centre at the
College of the Bahamas had
its unofficial opening on
Monday and students are
weighing in with their con-
cerns and enthusiasm.

Chelsea Carroll, an eco-
nomics and finance major at
COB, was in awe of the new



o7
eg

Garon Alvin Rigby (left)
and Byron Alvin Rambaron

By DENISE MAYCOCK
Tribune Freeport Reporter
dmaycock@tribunemedia.net

FREEPORT - Two
teenagers are wanted by
police for questioning in con-
nection with an armed rob-
bery incident here on Grand
Bahama.

Police have issued all-points
bulletins for Byron Alvin
Rambaron and Garon Alvin
Rigby, both 18, of Grand
Bahama.

Rambaron, a resident of
Jones Town, Eight Mile
Rock, has a light brown com-
plexion, dark brown eyes and
short hair.

He is about five feet, eight
inches tall, of average build
and weighs about 148-160lbs.
Rambaron has tattoos of his
name on his right hand.

Rigby, a resident of Paisley
Place, South Bahamia, has a
medium brown complexion,
dark brown eyes and short
hair.

He is about five feet, 11
inches tall, of slim build and
weighs about 140-150lbs. He
has tattoos on both arms and
below his right eye.

Both men are considered
armed and extremely danger-
ous and = should be
approached with caution.

Anyone with information
concerning these wanted men
should contact police at 352-
9774/5, or 350-3107/ 8, 911.

SENTENCING HEARING
ADJOURNED AGAIN

THE sentencing hearing of
a man convicted of murder-
ing his former girlfriend was
adjourned for a third time
yesterday.

Angelo Poitier, 24, was
convicted last October of the
murder of Shanice Adderley,
19.

The young woman's body
was discovered inside a grave
in the Bahamas Veteran's
Cemetery on Infant View
Road on May 27. Accord-
ing to an autopsy report, Ms
Adderley had died as a result
of blunt force trauma to the
body. Poitier was expected to
be sentenced yesterday, how-
ever, his psychiatric report
was not available. His sen-
tencing hearing has now been
adjourned to June 7.

Poitier in an unsworn state-
ment from the prisoner's dock
denied killing his former girl-
friend. He claimed that he
had unwillingly signed a con-
fession statement over fears
that police would brutalise
him.







library. "My first impression
of it? I think it’s high tech
and up to date,” she said.

Mass communication stu-
dents Kriston Saunders and
Brittany Armbrister said that
although the library has
insufficient computers at the
moment and the restrooms
are already out of order,
everything else is excellent.

Petrez Davis said the facil-
ity “is nice and spacious. Stu-
dents might get a little lost
though. The walk from my
classes is a bit far, but it's not
too inconvenient. "

Other students don't seem
to mind the location of the
library which is situated at
the southwestern part of the
Thompson Blvd campus.

Jarrell Smith is extremely
pleased with the library.

The Small Island Sustain-
ability student said that
despite few glitches, the new
facility is “really nice.”

Security guards and staff
at the library plan to keep it
that way, by keeping track of
everyone who enters the
facility and turning away
those without proper identi-
fication.

One guard said unless “ID
is a must”, it would be hard
to tell students from other
members of the public. "We
have students from all walks
of life come here, many of
them with jobs too. Some are
police officers, some are
teachers or whatever job,” he
said.

A number of students
wanting to experience the
new building were turned



away because security was
firm about the ID policy.

Kandice Eldon, a writer
for the office of Communi-
cations at COB said the
opening is unofficial or
"soft".

"The real opening isn't
until April 8, 2011,” she
explained.

The Tribune tried to speak
with COB president Betsy
Vogel Boze about the library,
but she was in a meeting at
the time.

The multi-storey building
has a law library, computers,
an auditorium, classrooms, a
media production studio,
individual and group study
spaces, and exhibition spaces.

There also will be an
archive available to users.

The construction of the $28
million, 60,000 square foot
facility, which will serve as
the National Library of the
Bahamas, began in April
2008.

When the official opening
takes place in April, the land-
scaping, parking and some
additions to the building are
expected to be complete.

Ms Eldon is not complete-
ly sure what will become of
the former main campus
library. She thinks "they
might use it for classes."

We
a sy

Ge ta
PHONE: $22-215/

ST CECILIA’S CATHOLIC CHURCH

a
& KM:
- ‘ty
/ Af

7) SATURDAY MARCH 5", 2011
Cultural & Heritage Site,
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POTCAKE say:

THE BAHAMAS’ VERY OWN STREET PHILOSOPHER

fait

Pn te ait tha ee
Ap a *. 7 gad + = a ® E
eo ie ah or)

Bringing Opportunity to the Community”

A Master Class Series

Beginning March 2011 - 2/2 Day Master Class in
INSTRUCTION OF READING

TAI Ee CRO alc) el) en

rah

Course Description:

Tame ime bork
4

Reading is the active process of constructing meaning fom written tes in relation $0 the student's experience
and knowledge. The key to successtul literacy instruction is tha teacher, and the course introduces tha
heacher to fe techniques and principles of teaching Reading. The focus is on equipping the Reading teacher
fo use a vanity of teaching approaches, strategies and matenals ina balanced Reading program. ftenhences
fhe teacher's abilily to undersland Students as lamers and lo view reading and writing a crilical components

of the dewelopmental process,

Some Topics to Be Covered:
* Theory and principles of reading
+ Stralegies fhat develop phonological and
phonemic awareness tor English speaking

students.

Participants will receive:
* Course materials
* Cerificate of Completion
» 3 Graduate-eve credits (applicable towards
the Master's degree in Reading}

* The usa of variaus spelling pattems

+ Techniques for assisting sludenis to develop
word recognition skills through the use
of sight words, confaxt ques, structural

arialysis, and dichonary study

* Techniques for teaching high frequency
phoneticalty

functional ‘words,

Who Should Attend:
* Local and regional stakeholders presently in
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* Individuals aspiing to become Reading
teachers

imequiar = * Private Reading instructorstutars

words, and conbent secific works

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bebvean dierent consonant and vowel

combinations
* Techniques, equipment and

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+ Other Topical Issues

COURSE FEES:
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Class Dates Are: Friday 18th, March /§-fpm), Saturday 19th March (Sam-fpm), Sunday 20th March (Sam-fpm|

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

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Deer mm den n







“WE THE PEOPLE IS AN IDEA, NOT THE ANSWER,” said Ed Fields, chairman of WTP, at the Grand
Bahama launch.

PAGE 6, WEDNESDAY, MARCH 2, 2011
LOCAL NEWS

THE TRIBUNE





MINISTRY OF WORKS & TRANSPORT . Jfry
a NOTICE cc

“COMPLETION OF THE NEW PROVIDENCE ROAD
IMPROVEMENT PROJECT

CORRIDOR 13By2
PRINCE CHARLES DRIVE
(Beatrice Avenue to Fox Hill Drive)

JOSE CARTELLONE CONSTRUCCIONES CIVILES S.A. has been awarded a Contract
by the Government of The Bahamas for the Completion of the New Providence Road
Improvement Project (International Package).

Please be advised that from Tuesday March 1st 2011, Road Works will be implemented on
sections of Prince Charles Drive between Beatrice Avenue to Fox Hill Drive.

WHAT IS THIS PHASE OF THE PROJECT ABOUT?
Improvements will be carried out at the following junctions:
College Gardens & Prince Charles Drive
Foxhill Road & Prince Charles

The works include installation of new drainage facilities, utilities, water service laterals,
milling existing pavement, asphalt pavement, sidewalks, traffic signs & signals, street lighting
and road markings.

WHAT TO EXPECT IN A FEW WEEKS?

Initially, works will commence outside of the existing roadway on the northern side of Prince
Charles Drive; however the public should expect temporary road closures & diversions as
the works will be carried out in different stages. Updates will be posted and announced
through the media.

As indicated on the ‘Traffic Management Scheme’: Motorist travelling east & westbound on
Prince Charles Drive should use the following routes as an alternate, as temporary road
closure will be implemented between the junction of Fox Hill & Pine Barren Road.

oo
—

BEATRICE AV = SAVANNAH AVE BAY LILLY DR

SEA BREEZE LANE 5 FOX HILL RD

<——
—

RESIDENTS/LOCAL BUSINESSES/PEDESTRIANS

Access will be given to residents, pedestrians and the affected businesses in this area during
the construction process. Signs will be in place to identify safe passage for Pedestrians and
Access points to the businesses in the area from the diversion route.

The public will be updated through the local media (radio & television) for regular updates.

We do apologize for any inconvenience caused and we look forward to the cooperation of
the motoring public.

For further information please contact :

(The Contractor)

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

Email: bahamasneighbor@cartellone.com.ar

(The Contracting Agency)

Ministry of Works & Transport

The Project Execution Unit
Hotline: (242) 302-9700

Email: publicworks@bahamas.gov.bs



WE THE PEOPLE volunteers at the Grand Bahama launch on Febru-

ary 26 at the Regency Theatre.

‘We The People’
group holds
successful Grand
Bahama launch

ORGANISERS of the We
The People (WTP) civic
group said they were extreme-
ly impressed with the show-
ing at their Grand Bahama
launch.

Following their official
launch in New Providence a
few months ago, the non-prof-
it advocacy group brought
their message to Grand
Bahama last Saturday with a
special meeting at the
Regency Theatre.

WTP said 75 per cent of
those in attendance registered
on the spot and others regis-
tered afterwards online.

Welcoming the audience
and introducing the organisa-
tion was Philip Simon, WTP
executive director.

Introducing WTP's chair-
man, Atlantis senior vice-
president and popular radio
personality Ed Fields, was
Grand Bahama attorney
Veronica Grant.

“The enthusiasm expressed
by those that attended the
Grand Bahama launched fur-
ther inspires We The People
to continue promoting this
very important idea. We are
greatly encouraged about the
possibilities resultant from
more and more Bahamians
engaging in the process of col-
lectively participating in the
development of our Bahamas.
In this regard WTP's second
city launch was tremendously
successful," Mr Fields said.

WTP was launched in Nas-
sau on November 16, 2010
with the goal of influencing
positive change towards a bet-
ter Bahamas.

“The association for all
intents and purposes is
defined as an action-orient-
ed, research and advocacy-
based, non-political (without



EXECUTIVE DIRECTOR of We
The People Philip Simon
speaks to the Grand Bahama
audience at the launch of the
group in Freeport at the
Regency Theatre.

reservation or exception), not-
for-profit and membership-
driven organisation designed
to inspire participation from
the collective in bringing
about a better Bahamas as
defined by its people,” repre-
sentatives said.

Earlier this month, WTP
announced as one of its ini-
tiatives the plan to establish
the Police Athletic League
(PAL), which will be geared
towards keeping young inner-
city children active and off the
streets.

CITY MARKET STORE EVACUATED
AFTER ROOF FIRE DURING REPAIRS

By DENISE MAYCOCK
Tribune Freeport Reporter
dmaycock@tribunemedia.net

BIFRARD Ri

FREEPORT - A small fire occurred on the roof of the
City Market Store downtown on Tuesday morning while
workmen were carrying out repairs on the building’s roof.

The store was safely evacuated around 9.52am. Normal
operations were later resumed after the fire was extin-

Diversion guished by firemen.
- â„¢\ Company officials reported that there was minimal impact
wo = ‘ae to the building.
> Asst Supt Loretta Mackey, press liaison officer, said two
| fire units were dispatched to the scene around 11.55am.
: She said firemen observed smoke coming from the roof of
the building and took immediate action.

When officers climbed onto the roof, they found several
persons attempting to put out the flames.

Ms Mackey said the officers were able to quickly extin-
guish the fire.

“It was reported that workers from a roofing company
were making repairs to the roof of the store using a blow-
torch and during the process ignited the insulation in the
roof. The smoke travelled through the air-condition ducts
and then into the store,” she said.

According to a press release issued by the company,
workmen hired by the building’s landlord were attempt-
ing to repair a part of the air conditioning system at the City
Market Store.

After the fire was extinguished, the store resumed full
operations at 11.35am.

ASP Mackey said no injuries were reported and the dam-
age was estimated at $300.

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

FOX HILL #D

FINE BARBEM FD

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CLOSED

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THE TRIBUNE WEDNESDAY, MARCH 2, 2011, PAGE 7

Queen’s College remembers
the late Dr Keva Bethel

By BAHAMAS
INFORMATION SERVICES

CHAPLAIN JEVON NEELY gives
the benediction at the service of
thanksgiving.

THE contributions of the

late Dr Keva Bethel to
Queen’s College were
remembered on Monday as
administrators, faculty and
students of this institution
joined in a service of
thanksgiving for the educa-
tor who served on the
school’s Board of Gover-
nors.

The service included
scripture readings, prayers
and musical tributes by stu-
dents and the high school
choir. Administrators, mem-
bers of the school’s Board
of Governors, and repre-
sentatives of the Bahamas
Conference of the
Methodist Church reflected
on the talents and graces of
Dr Bethel as well as on the
many lives she touched.

Shawn Turnquest, vice-



pr aint



principal and head of the “unique,
high school, said Dr Bethel
never lost the twinkle in her

eyes.

“She was never rude, neg-
ative or disparaging. She
shared her views with love
and tenderness. She was

careful always to lift up, a
never to break down,” said
Mrs Turnquest.

Dr Bethel was recalled as

charming,
delightful, giant-of an edu-
cator”, whose memory will
forever be cherished.



DEPUTY HEAD BOY at Queen’s College, Celtson Toote, per-
forms ‘It Is Well’ on the trumpet during the thanksgiving service
for the late Dr Keva Bethel.

WELL-KNOWN SCIENTIST WANTS
TO ‘PROTECT BAHAMIAN SHARKS’



THE Bahamas is now one
of the world’s premier
shark-watching destinations
for divers, reeling in $800
million over the past 20
years for the national econ-
omy, according to the
Bahamas Diving Associa-
tion.

To protect this industry
and the sharks themselves,
Dr Guy Harvey, a well-
known scientist and marine
wildlife artist, has joined
the growing ranks of indi-
viduals and organisations
calling for strict regulations
to ban the commercial fish-
ing of all sharks in the
Bahamas.

In support of the pro-
gramme, Dr Harvey is
releasing a custom-designed
“Protect Bahamian Sharks”
campaign logo and poster
this week while visiting Nas-
sau to meet with govern-
ment officials.

“These magnificent ani-
mals have been admired for
years by divers visiting the
Bahamas and revered by
people around the world as
one of the great wonders
of the ocean,” said Dr Har-
vey.

“However, many species
of sharks are now being dri-
ven to the brink of extinc-
tion by over-exploitation,
fueled mostly by the Far
East’s demand for shark fin
soup.”

Bahamas National Trust
executive director Eric
Carey said that “due to a
ban on longline fishing gear
in the 1990s led by the BNT,
Bahamian waters are one of
the few places in the world
with relatively healthy shark
populations.”

Even with the ban on
longlining gear, sharks are
still considered at-risk in
Bahamian waters due to
other methods of fishing.
“There are currently no spe-
cific laws in the Bahamas
protecting these amazing
creatures,” said Matt Rand,
director of global shark con-
servation for the Pew Envi-
ronment Group.

“We are working with the
Bahamas National Trust to
raise awareness to establish
measures that will conserve
healthy shark populations
before it is too late.”

Scientists with the Inter-
national Union for Conser-
vation of Nature have esti-
mated that 30 per cent of
shark and ray species
around the world are threat-
ened or near-threatened
with extinction. The loss of
these animals could cause
irreversible damage to the
ocean’s ecosystem and result
in the loss of hundreds of
millions of dollars in the

tourist trade.

The Pew Environment
Group is the conservation
arm of the Pew Charitable
Trusts, a non-governmental
organisation that works
globally to establish prag-
matic, science-based policies
that protect our oceans, pre-
serve our wildlands and pro-
mote clean energy.

Dr Harvey will speaking
tonight at the BNT Retreat
on Village Road at 7pm.
Due to limited space inter-
ested persons had been
asked to RSVP before Feb-
ruary 28.

DR GUY HARVEY, scientist
and marine wildlife artist,
painting a great white shark.

ey Bethel Brothers Morticians

Telephone: 322-4433, 326-7030
Nassau Street, P.O.Box N-1026

Funeral Service for

PHILIP
"Black Balla"
BOWE, 66

of Water Gate, Eastern Road,
will be held on Thursday,
March 3rd, 10:00 a.m. at St.
Matthew's Anglican Church,
Shirley & Church Streets.
Rev'd. Fr. Crosley Walkine,
assisted by Rev'd. Fr. Don
Haynes, Rev'd. Fr. Dwight
Bowe and Venerable Keith
Cartwright will officiate. Cremation will follow.

Left to cherish his memories is his only son: Dwayne Bowe.
Two (2) brothers: James Maxwell (Ju) Bowe IT and Felix
Alexander (Ellie Mailman) Bowe. One (1) sister: McNeil
Jane (Neil) Bowe, sister-in-law: Isabel Bowe. Nieces: Ruth
Laisister, Bonnie Adderley, Yolanta Bowe, Gignell & Gillian
Bowe, Felicia & Felia Bowe, Felice Saunders, Cleo and
Naylisha, Antoinette (Toni) Bowe. Nephews: Felix Jr. &
Francis Bowe, Mario Bowe Sr. Dwayne Bowe, James Maxwell
III, Urie Bowe. Grandnieces and nephews: Justin, Jasmine
and Adrian Bowe, Miquel, Myo, Marianna, Monique Bowe;
Master Antonio Edgecombe, Mario Bowe Jr., Mrs. Sonia
Adderley, Elsa, Eithne, Simmone, Triza and Nakiter Bowe,
Antoine Bowe, Sidney, Anya and Alexis Sawyer, Darren &
Jaden Laisister. Other Relatives and Good Friends: Audrey
Francis, Grace and Denice Wallace, Yvonne White-Lewis,
Michelle White, Louis White, Dr. Austin Davis and Lana
Davis, Fr. Dwight Bowe, Fr. Keith Cartwright and Fr. Harry
Bain (Grand Bahama), Bishop Rudolph Bowe, Veronica
Bowe, Virginia Stubbs, Agnes Edgecombe, Una Bowe, Roy
Bowe & Mary Dames, Forrest Bowe Sr., Mizpah Johnson,
P. Colin, L.M. and Michael Bowe, Sonia Dames, Jan
McCartney, Corrine Fountain, Birdenia Taylor, Ann Stubbs,
FE Nigel Bowe, Kenneth Bowe, Mrs. Lillian Ward & family,
Mrs. Helen Bowe-Butler & family, Mr. Peter Bowe & family,
Vicki Grant & family, Adrian White-Lewis, Angela, Rudolph
Lorraine and Leonard White, Paula Crawley, Vincent Collins,
Charlie Major Sr. & Charlie Major Jr., Carlton Martin, Julian
Weech, The children of Michelle White, Mildred Taylor &
family, Dawson Major, Mervin Morris, ‘Honorable’ Obie
Wilchcombe, Godfrey 'Pro' Pinder, Joe Adderley, Donald
Daley, Francena, Henrietta, Eloise, Dale, Diane, Deidre,
Olga, Fredrick, Maxwell (Lyn), Jeffery, Robin, the Ferguson
family, the family of the late Bertram Bowe Sr., family of the
late Lillian Bowe, family of the late Zelma Bowe-Roberts,
family of the late Madeline Bowe-Ward, family of the late
Geraldine Holgerson, family of the late Montgomery "Monty"
Bowe, family of the late Sylvia Bowe-Newbold, family of the
late Mrs. Ismae Bowe-Ferguson, family of the late Charles
Bowe, family of the late Stafford Bowe, family of the late
Eloise Bowe-Ritchie, family of the late Alvira Bowe, family
of the late Ethel Bowe; family of the late Kathleen Bowe-
Nixon, family of the late Cecil Rose, family of the late Elgon
Bowe, the residents of Exuma, The Plantation Bar Fans, St.
Matthews Church and the Princess Margaret Hospital, Male
Orthopedic Ward Staffers.

Friends may pay their last respects at Bethel Brothers
Morticians, #44 Nassau Street on Wednesday from 10:00 a.m.
to 6:00 p.m. and on Thursday at the church from 9:00 a.m.
until service time.



Machinery & Energy Limited Caterpillar dealer in the
Bahamas are seeking a candidate to work as a
Parts Regional Manager, at our Nassau Office.

The Candidate should have the following

requirements:

¢ Have 7-10 years experience with the Caterpillar or
similar Product Line, have worked in a Caterpillar
dealership or a similar Organization;

¢ Have training in Ordering and Receiving Parts
Importation;

¢ Be able to Audit Parts Inventory; Cyclic Count
Procedure;

¢ Degree from an accredited University would be an
asset;

¢ Must be able to manager and motivate staff in the
Parts Department;

¢ Must have experience in process statistical control
in planning, programming and control of Caterpillar
industrial parts and Warehouse production process;

¢ Able to manage major components interchange
process; Hoses assembling process.

This candidate is required to be a professional who
thrives on the challenge of Managing Parts Inventory
and all other operational procedures within the Parts
Warehouse.

Send complete resume with education and work
experience to M & E Limited, P. O. Box N-3238,
Nassau Bahamas,

Attention: Office Administrator, or email

me@me-|td.com.

NOTE: Only persons being interviewed for this
position will be contacted.



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



PAGE 8, WEDNESDAY, MARCH 2, 2011

THE TRIBUNE



‘Best picture’ shows critical
hinge moment in histo



By LARRY SMITH

THIS year's Best Picture
Award went to a historical
drama called The King's
Speech, starring Colin Firth
(who also won Best Actor).
The film focuses on the
personal story of Stutter-
ing Geordie (father of the
present Queen Elizabeth),
who came to the throne by
accident. But that is really
just a subplot.

In actuality, the film
takes us back to a critical
hinge moment in history,
and this larger story is far
more gripping than the
well-acted relationship
between the staid king and
his blunt Australian speech
therapist Lionel Logue
(played by Geoffrey Rush).
If you haven't seen this
movie, you really should.

The historical context
centres on the waning days
of the British Empire, and
includes the abdication of
King Edward VIII, the
looming catastrophe of the
second world war, and the
creation of the modern
world — exemplified by the
introduction of radio

Gripping storyline in
The King’s Speech

broadcasting.

The current British roy-
al family springs from the
1840 marriage of Queen
Victoria to the German
Prince Albert of Saxe-
Coburg-Gotha. The name
Windsor was invented in
1917 by George V (Victo-
ria's grandson), who hada
German wife and was wor-
ried about the anti-German
feeling produced by the
First World War.

Abdication

These close familial ties
had a lot to do with the
abdication of Edward in
1936, although the pretext
was his marriage to a
twice-divorced American
named Wallis Simpson.
When Adolf Hitler became
ruler of Germany in 1933
and began preparations for
war, the heir to the British
throne was a major liabili-
ty, as both he and Wallis
were sympathetic towards
the Nazi regime.

Stanley Baldwin, prime
minister at the time, used
the constitutional issue of

COLIN FIRTH (above and right) as King George VI, alongside Geof-
frey Rush in The King’s Speech. The film takes us back to a critical

hinge moment in history. (AP)

Wallis’ status as a divorcee
to force the king into a
choice between abdicating
or being publicly humiliat-
ed. Edward chose to abdi-
cate. He married Wallis in
1937 and was eventually
exiled to the Bahamas as
governor for the duration
of the war.

According to declassi-
fied British and American
files, Edward and Wallis
both passed secret infor-
mation to the Nazis. And

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during a much publicised
1937 visit to Germany,
against the advice of the
British government, they
were fawned over by Nazi
leaders — including Hitler
himself.

Simpson had also been
the lover of German
Ambassador Joachim von
Ribbentrop, (who went on
to become Hitler’s foreign
minister); and Edward had
been identified by Hitler
as a potential puppet king
of England after the antic-
ipated Nazi victory.

In 1939 — only four
months before the war
began — Edward recorded a
statement calling for peace
with Germany, which the
BBC refused to broadcast.
And as the British liaison
officer with French forces
on the continent, he passed
useful information to
Hitler as Germany planned
to attack France.

After the successful
German invasion, the duke
fled his post for a hotel in
Biaritz, near the border
with Spain, where he con-
tinued to communicate
with the Nazis, even ask-
ing the Gestapo to collect
his belongings from Paris.
He eventually made his
way to fascist Spain, where
he advised the German
ambassador in July 1940
that “continued heavy
bombing would make Eng-
land ready for peace.”

Bahamas

At this point, rather
than ordering a court mar-
tial, Prime Minister Win-
ston Churchill sent the
Windsors to the Bahamas
to keep them out of con-
tact. Although a paradise
to some, the Duke and
Duchess were not amused
by their Bahamian idyll.

"T hate this place more
each day," Wallis said at
the time. "We both hate it.
The locals are petty mind-
ed."

In a December 1940
interview with an Ameri-
can journalist who was a
friend of President
Franklin Roosevelt, the
Duke said it would be a
tragedy for the world if
Hitler were overthrown
and advised the journalist
to tell this to Roosevelt — in
an effort to persuade the
US not to enter the war.

On their visits to Miami
the Windsors were always
closely watched by Ameri-
can and British agents.

Edward's brother, the
stammering King George
VI, reigned from 1937 until
his death in 1952.

And as Colin Firth point-
ed out, “His only job was
to speak for the nation on
live radio — I mean, how

there is

cruel was that? ...
no recording yet, there is

no editing for radio... this
is live to the empire.” But
eventually, Churchill (a
longtime friend of
Edward's) was to say:
"Your Majesty, I was very
much mistaken in my esti-
mate of your brother. You
are a much better king
than he was."

The film opens with
George, as Prince of
Wales, giving a painful
closing speech at the
British Empire Exhibition
in London in 1925. It ends
with his first live radio
broadcast to the empire at
the outbreak of World War
II, choreographed by
Logue. You can hear a
recording of the real king's
speech here:

http://www.bbc.co.uk/archiv
e/ww2outbreak/7918.shtml

THANKS FOR
THE MEMORIES

It was the days of wine
and roses all over again.

A couple dozen middle-
aged folks sitting beneath a
moonless sky savouring
one of Pat Rahming's rare
musical excursions; and
singing along to "a passing
breeze filled with memo-
ries", like the pensioners
we all thought we'd never
be.

They are not long, those
days of wine and roses. But
in the company of relatives
in the Ebenezer graveyard,
we entered for a time into
the misty dream of the
1960s, when Pat honed his
personality performing folk
music while studying archi-
tecture in Montreal.

Later, during those
heady days of cultural
emancipation in the 1970s,
Pat launched his incendi-
ary writing career — pro-
ducing a stream of poetry,
songs and essays, and
becoming perhaps the
quintessential Bahamian
storyteller of our time.



He read and performed
some of that remarkable
output last night at a cosy
little event sponsored by
the West Nassau Rotary
Club to raise money for
Programme SURE, in sup-
port of youth develop-
ment. The event also fea-
tured stunning works of art
by Deborah Saunders-
Weech.

Community

"I write for therapeutic
reasons," Pat told the
online literary journal
Tongues of the Ocean in
2009, "to have a conversa-
tion with myself about
things that are on my mind,
and to serve as a voice for
the community of which I
am a part. The role of the
poet is the same as that for
all artists -- to share
insight."

His greatest local musi-
cal influence was Charlie
Adamson, a gas station
attendant on Blue Hill
Road who played guitar
left-handed and sang about
things that happened in the
community.

Internationally, his
favourites include Paul
Simon and the Mighty
Sparrow.

Put those flavours
together and you get classic
Bahamian songs about
gambling addicts, biggety
women, trolling tour guides
and shifty politicians.

Sitting in the cool back
yard of Orry Sands’ office
next to Ebenezer
Methodist Church, it was
easy to look back towards
that door marked "never-
more", that wasn't there
before.

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



THE TRIBUNE



THE CHRIST COMMUNITY CHURCH Youth Dance Troupe performing their routine.

Grand Gospel Concert

Closes out Defence Force
anniversary celebrations

THE Royal Bahamas
Defence Force officially closed
out its 30th anniversary cele-
brations with a Grand Gospel
Concert held at the Christ
Community Church on Bellot
Road.

The well-attended event fea-
tured the Royal Bahamas
Defence Force Mass Choir
accompanied by skilled musi-
cians from the Defence Force
Band.

Also offering renditions dur-
ing the evening were the Royal
Bahamas Police Force and Pub-
lic Service Choirs, the Gospel
Flashlights from Cat Island, the
Christ Community Church
Youth Dance Troupe, Clement
Penn from the Immigration
Department and the comedy
act of Dynamite Daisy.

Karen Rigby, Deputy Per-
manent Secretary in the Min-
istry of National Security,
retired Commodore Leon and
Mrs Smith and host pastor, Dr
Deanza and Mrs Cunningham
were in attendance as honoured
guests of the Commander of
the Defence Force Commodore
Roderick Bowe and his execu-
tive and leadership team.

Throughout the evening,
items donated by Island Mer-
chants Limited, Kelly’s Home
Centre, John Bull and the
Bahamas Telecommunications
Company were handed out as
door prizes, adding to the
appeal of the evening as every-

THE Bahamas Public Officers
Choir performing a selection.

one vied to be the lucky ticket
holder to walk away with the
cameras, gift cards, gift baskets
and Blackberry packages.

The event was held last Fri-
day under the theme, “A High-
er Call to Service,” and the
Defence Force sought to live
up to this by donating a multi-
function copier/printer/scanner
to the Christ Community
Church’s Youth Group at the
end of the evening.

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WEDNESDAY, MARCH 2, 2011, PAGE 9








ROTARY International
has asked all Rotary
Clubs to make literacy
advocacy part of their
community service efforts.

This year, the Rotary
Club of East Nassau was
glad to provide the stu-
dents of TG Glover Pri-
mary School with a full set
of ‘Lessons in Literacy’
teaching packages for
grades one to six to help
them with their reading
fluency, comprehension,
vocabulary and literature
skills.

RCEN president Joanne
Smith and Michele
Rassin, literacy chair for
District 7020, made the
donation on behalf of the
club to the teachers and
students of TG Glover
School.

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PAGE 10, WEDNESDAY, MARCH 2, 2011

THE TRIBUNE



LOCAL NEWS

CHINESE FIRM SCHEDULED FOR MAJOR
CONSTRUCTION WORK IN FAMILY ISLANDS

FROM page one

port and a bypass road in
North Abaco and work on the
bridge in North Eleuthera.

He added the financing for
the projects is expected to
come from the China Export-
Import Bank and it will be a
design/build contract, with the
work expected to start this
year in North Abaco, then the
Exuma project is expected to
commence next.

“There have been many dis-
cussions about a port for Exu-
ma, over many, many years,”
Prime Minister Ingraham said
while visiting the island last
Sunday. “We have finally set-
tled on it.”

Mr Ingraham and a delega-
tion visited sites on Exuma for
infrastructural development,
such as the old naval base site
and the dock in George Town,
the Ferry Bridge and Williams
Town, Little Exuma. The old
naval base site will be the loca-
tion for the port.

Also in the delegation were
Minister of State for the Envi-
ronment Phenton Neymour,
Minister of State for Land and
Local Government Byran
Woodside, senior government
officials, outgoing Ambassador
of the People’s Republic of
China Hu Dingxian and rep-
resentatives of the China Har-
bour Company.

“The China Harbour Com-
pany will do a feasibility study,
we will do an environmental
study and a feasibility study,”
Prime Minister Ingraham said.
“It is our intention for them
to proceed to construction
drawings and to produce for
us a design/build project.

“We are seeking the input
of the local community of
Exuma to take account of any
views they might have.

“We will definitely hold a
town meeting with the public
before final decisions are
made, to take into account any
suggestions the public may
have about what we plan to
do.

“Exuma is becoming an
important economic centre in
the Bahamas. In revenue

terms, it is about fourth in the
Bahamas and a lot of activity
is taking place.”

Mr Neymour said several
factors, including marine and
water current considerations,
make the old naval base site
the better site for the port.

“Exuma has significantly
increased in population over
the last 10 years and so the
Government recognises the
need for improving the port
facilities here,” he said.

Mr Neymour added that a
new sewerage facility would
be instituted to meet the grow-
ing needs of having such a port
facility on the island, especial-
ly in terms of the collection of
waste from watercraft.

“This is a new facility, where
we will have a boat collecting
sewerage from these vessels,
delivering it to the mainland
and the sewerage is treated,”
he said. “It is one of the first
of its kind in the region and
we are indeed pretty proud to
begin to treat sewerage that is
produced by marine vessels.

“It is a step forward for The
Bahamas.”

Mr Woodside said: “I am
most assured that local gov-
ernment practitioners, from
the Chief Counsellor down,
will support this effort and will
work closely to ensure that
everything is put in order for
the betterment of Exuma.”

MP for Exuma Anthony
Moss said: “I am happy and
pleased that it will finally come
to fruition.

“The harbour is where we
need for persons to access the
island via sea vessels, as well
as the majority of our food
that comes to the island; so I
am pleased to be here today
to see this taking place.”

Prime Minister Ingraham
said: “We are planning for the
long-term development of
Exuma.

“The development will take



DELEGATION MEMBERS and local
stakeholders inspect the old naval base



















































































site in George Town, Exuma.

Eric Rose/BIS

a number of years. We will
commence with the port here
and also with the construction
of the mini hospital. We will
commence those two projects

PRIME MINISTER Hubert Ingraham (second left), Minister of
State for the Environment Phenton Neymour (left) and Ambas-
sador of the People’s Republic of China Hu Dingxian (second
right) inspect the old naval base site in George Town, Exuma.
The site is planned to be the location for the new port in Exuma.









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Man dies in hospita





in year’s 18th murder

FROM page one

uary and 10 people in February. According
to Tribune statistics for this year, 12 people
were murdered in January and six people in

February.

The latest victim was unresponsive when
police found him in a dark coloured Honda
at Homestead Street shortly after 11pm last
week Tuesday. He died in hospital six days
later. It was reported that he had sustained

injuries to the head.

Meanwhile, police continue to urge the
public not to withhold their possessions from

armed robbers.

evening.

The 51-year-old man was parked in the
driveway in front of his home on Sea Breeze
Drive when he was approached by a man
armed with a handgun. The culprit attempt-
ed to rob him of his vehicle, a 2002 Dodge

FROM page one

and BTC were also requested
to attend. However, only
members of BTC’s union were
present, according to reports.

At the outset of the meet-
ing, it is understood one of
those attending jumped to his
feet and indicated the meet-
ing appeared to be organised
as an “anti-Hubert Ingraham
event”, and that if this were
so he would have nothing to
do with it.

Another person, who it was
said worked at BTC, suggested
the government should not sell
BTC, but rather “give it
away.”

“Tt was a big bust up,” said
an FNM councilwoman who
attended.

“The invitation never said
only Bamboo Town people,
so we came to see what was
said. He didn’t like that too
much because he shut it down
before 9pm,” she said.

As an outspoken member
of his own party, reports have
also reached The Tribune that
the meeting’s “bust up” was

Ram truck, and a struggle followed between
the two men. According to police reports,

FNMs ‘bust up
Bran meeting

staged by FNMs who are loyal
to the party’s leader, Mr Ingra-
ham.

This much was admitted
unintentionally by another
source who said that while she
and another person attending
were not members of the con-
stituency, they made an effort
to not identify themselves as
FNMs “as per instructions.”

When asked to respond to
these reports, FNM chairman
Carl Bethel said: “In no way
did the FNM organise people
to disrupt Mr McCartney’s
meeting.”

In fact, he said, the party
actually encouraged people to
take part, as the meeting was
being run by an FNM and the
party would have liked to have
seen it well attended.

“However, if passions
became inflamed, that is
another matter completely,”
he said.

“Anyone who may have

the victim drove himself to the hospital after
he was shot in his stomach.

Following the fatal shooting of a 27-year-
old man this weekend, police appealed to
victims to remain calm. The Domingo
Heights resident, was discovered lying face
down inside his apartment wearing a yel-
low T-shirt and denim shorts on Saturday
evening. According to police, he became
the country's 17th murder victim after he
resisted two masked armed men who
entered his home demanding cash. The rob-
bers were armed with a shotgun and a hand-

A 51-year old Sea Breeze resident isin SUD.
serious condition at hospital after he strug-
gled with an armed robber on Monday

Victims are urged to fully scrutinise their
assailant; looking for any scars or markings
on their arms, face, and neck, in addition to
clothing, height and physical build.

Anyone with any information that might
assist police investigations should call 911,
919 or call Crime Stoppers anonymously on
328-TIPS (8477).

been passionate would have
had their own heart-felt rea-
sons for being passionate — I
wasn’t there — and I mean
political passion.

“Now I have heard what
everyone else has heard. I
have heard that the meeting
was not run well. But that is
not for me say,” he added.

Repeated attempts to reach
Mr McCartney for his version
of what transpired at the meet-
ing proved fruitless up to press
time last night.

However, the MP’s Face-
book page was updated yes-
terday with 28 photos from the
meeting.

Under the photo album, the
MP wrote: “I would like to
thank all persons who attend-
ed the Bamboo Town com-
munity meeting. Indeed, it is
important that my constituents
are informed of all the facts
regarding the sale of BTC and,
hence, the essence of the meet-
ing was the dissemination of
information and hearing the
views of my constituents.”

The meeting was held at the
CV Bethel High School on
East Street South.

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THE TRIBUNE

WEDNESDAY, MARCH 2, 2011, PAGE 11



INTERNATIONAL NEWS

UN: Libyan refugee ‘crisis’ tops 140,000

GENEVA
Associated Press

VIOLENCE and chaos in
Libya have triggered an exo-
dus of more than 140,000
refugees to Tunisia and
Egypt, a U.N. official said
Tuesday, as aid workers
warned the situation at the
Tunisian border has reached
crisis point.

Officials say the situation
has been made even more
volatile by humanitarian aid
workers being blocked from
reaching western Libya,
patients reportedly being
executed in hospitals, or
shot by gunmen hiding in
ambulances

At the Libya-Tunisian
border — where authorities
say up to 75,000 people have
gathered in just nine days —
"the situation is reaching cri-
sis point,” U.N. refugee
agency spokeswoman Melis-
sa Fleming warned.

She said 14,000 people
fled to Tunisia on Monday
and another 15,000 are
expected to flee Tuesday.

The U.N. is setting up
enough tents to hold 12,000
people and plans two more
airlifts Thursday to bring in
tents and supplies for 10,000
more, but water supplies are
"precarious," she warned.

Italy said late Tuesday
after an emergency meeting
on the Libya crisis that it will
send a humanitarian mission
to the Tunisian border to
assist some 10,000 refugees.

In Egypt, authorities said
another 69,000 people have
fled into the country from
Libya in the past 10 days,
most of them Egyptians who
have already been taken to
other towns and cities.

Thousands of Vietnamese
and Bangladeshis at the
Libyan side of border with
Tunisia are "in urgent need
of food, water and shelter,"
said Jemini Pandya, a
spokeswoman for Interna-
tional Organization for



has been trying to leave Libya
for over six days, walks near the
water as he waits at the port in
the eastern city of Benghazi,
Libya, on Tuesday. (AP)

Migration. Nepalese,
Ghanaians and Nigerians
are also sleeping unprotect-
ed at the borders, she added.

"With thousands of
migrants still awaiting autho-
rization to enter Tunisia,
there is an urgent need to
decongest the border area
which lacks adequate facili-
ties to host large numbers
of people,” IOM's Tunisia
mission chief Marc Petzold
said.

IOM officials say many
thousands of people are also
stranded at Libya's Beng-
hazi port in cold weather
and with scant supplies of
food. The organization said
it is trying to arrange evacu-
ation for those people by
boat to Alexandria in Egypt.

Thousands of Vietnamese,
Egyptians, Indians, Turks,
Tunisians, Chinese and Thai
laborers are streaming
across the border at Ras
Adjir, in Tunisia lugging
mattresses, blankets, over-
stuffed duffel bags and suit-
cases on wheels. Some
recount memories of being
subjected to mock execu-

- a cE +,



EGYPTIAN WORKERS who crossed the Tunisian border react to a photographer after fleeing Libya on the Libya-Tunisia border in Ras Ajdir,

"

Tunisia, Tuesday, March 1, 2011. U.N. refugee agency spokeswoman Melissa Fleming said Tuesday ‘the situation is reaching crisis point’ at
the Libya-Tunisia border where authorities say up to 75,000 people have fled Libya since Feb. 20. The Placard reads: ‘Egyptian people are in
Tunisia. What our national embassy is doing for us?’. (AP)

tions as they knelt in front of
the Libyan army, or of hid-
ing in the desert while await-
ing rescue.

Fleeing workers were also
being targeted by opponents
of Gadhafi, mistaking them
for mercenaries allegedly
being used to quash the
rebellion that has swept
through large parts of the
country, said aid officials
speaking on condition of
anonymity for fear of
reprisals.

The Libyan embassy in

Vienna — which has turned
its back on Gadhafi, as has
other delegations in New
York and Geneva —
described the "repression
and premeditated murder of
the Libyan population” as
"terrible and indescribable."
Embassy staff issued a
statement urging Gadhafi to
"summon his courage and
make public an immediate
and determined decision in
which he meets the demands
of the people to resign to
prevent more bloodshed."

German minister quits

Fleming said refugees
have described people being
targeted and killed, and oth-
er said they were trapped,
threatened and hunted.

"Others tell us about
forced evictions and attacks
on their homes," she said

International Committee
of the Red Cross spokes-
woman Anna Newton said
ambulances and hospitals
were being "misused" in
ways that threatened the
lives of people trapped in
the unrest.

She said her organization
was trying to prevent "cred-
ible" but unspecified reports
of an undetermined number
of patients being executed
in Libyan hospitals.

German Foreign Minister
Guido Westerwelle on Tues-
day urged the U.N. appoint
someone to coordinate
efforts in Libya, and serve
as the face of the interna-
tional community there.
"We need a U.N. special
envoy to and for Libya," he
told reporters.



amid plagiarism scandal





BERLIN
Associated Press

GERMANY'S popular defense
minister resigned Tuesday amid a
deepening scandal over plagiarism alle-
gations that threatened to become a
liability for Chancellor Angela
Merkel's conservatives in upcoming
regional elections.

Karl-Theodor zu Guttenberg
announced his decision days after
Bayreuth University revoked his doc-
toral title. It said he had violated aca-
demic standards in his thesis by failing
to sufficiently credit some of his
sources.

Guttenberg, who initially called the
allegations “absurd,” later admitted
"grave mistakes" but denied having
deliberately deceived anyone. Merkel
stood by him for nearly two weeks
after the allegations emerged, arguing
that they had no bearing on his work
as defense minister.

However, a steady drip of allega-
tions kept the scandal going, and Gut-

tenberg said it threatened to over-
shadow policy issues such as a major
overhaul of the German military and
troops’ mission in Afghanistan.

"It is the most painful step of my
life," Guttenberg said as he announced
his resignation at his ministry. "I am
drawing the consequences that I have
and would have demanded of others."

"Like others, I have to stand by my
weaknesses and mistakes," Gutten-
berg said. "I will gladly concede to my
opponents that I was appointed not
to be the self-defense minister, but the
defense minister.”

Guttenberg submitted his doctoral
thesis in 2007, five years after becom-
ing a conservative lawmaker. German
media reported late Tuesday he would
also give up his seat in parliament.
Guttenberg's office was not immedi-
ately reachable for comment.

Merkel said she accepted "with a
heavy heart" the resignation of the 39-
year-old, long rated Germany's most
popular politician.

Guttenberg "is a person with out-

GERMAN DEFENCE MINISTER Karl-Theodor
zu Guttenberg attending a debate at the Ger-
man federal parliament in Berlin, Germany,
recently. Germany's most popular minister
resigned Tuesday, March 1, 2011 over alle-
gations of a plagiarized doctoral thesis. (AP)

standing political talent, with an excep-
tional ability to reach people's hearts
and enthuse them for politics," she
said.

Still, his departure may actually do
her a favor, with six of 16 Germany's
states due to hold regional elections
this year. Three of those votes come in
late March; one, in the southwestern
state of Baden-Wuerttemberg, offers a
tough test for Merkel's center-right
coalition.

Although Guttenberg still inspired a
degree of public sympathy, “he would
have damaged his party if he hadn't
resigned" and the scandal had dragged
on, said Manfred Guellner, the head of
the Forsa polling agency.



GERMAN CHANCELLOR Angela Merkel, centre, types a text message on her cell phone as she visits the Cebit tech fair in Hanover,

northern Germany, Tuesday. (AP)

Guttenberg is a member of the
Christian Social Union, the Bavaria-
only sister party to Merkel's Christ-
ian Democratic Union. The CSU itself
doesn't face voters this year, but Gut-
tenberg had been expected to cam-
paign for Merkel's party.

Guttenberg became the rising star of
Germany's center-right after being
thrust into Merkel's Cabinet two years
ago as economy minister. He built a
reputation as a plain-speaking man of
action in that job and then, after Ger-
many’'s 2009 election, as defense min-
ister.

In recent months, he pushed
through a plan to end conscription —
part of an effort to slim down the Ger-
man military and make it better adapt-
ed to an era in which it faces growing
demands to deploy overseas.

The chancellor said her government
would carry through the "indispens-
able" reforms.

Merkel said it was too early to name
a successor but a decision will be made
"shortly." She added that Guttenberg's
CSU has the right to nominate the
new minister if it chooses to.

Germans appeared to agree it was
time for Guttenberg to go.

"I think it's a pity because he was a
good minister," said Monika Schmid,
from Wangen in his home state of
Bavaria. "At the end of the day, how-
ever, it was right — because you just
can't do that, plagiarize a thesis."

The resignation was "the logical









consequence” of his actions, Berlin
accountant Christiane Rost said. "But
basically, this step has come a bit too
late."

The opposition berated Merkel for
clinging to Guttenberg even amid a
growing outcry from the academic
world.

Merkel "has embarrassed herself,
her credibility is damaged and she has
damaged the reputation of politics,"
said Thomas Oppermann, a senior
lawmaker with the center-left Social
Democrats.

Oskar Niedermayer, a political sci-
ence professor at Berlin's Free Uni-
versity, said Merkel did herself few
favors by trying to separate Gutten-
berg's activities as a politician and aca-
demic, since the allegations went to
the heart of the credibility on which he
built his political career.

Still, he said he doesn't see "serious
negative effects for her in the long
term."

Merkel held out hope of an eventu-
al comeback for Guttenberg, who said
he is committed to clearing up ques-
tions that remain over his dissertation.

"IT am convinced that we will, in
whatever form, have the opportunity
to work together in the future,” she
said. For now, though, it's unclear
whether he will seek to return.

"IT was always ready to fight, but I
have reached the limits of my
strength,” Guttenberg said as he end-
ed his resignation statement.

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





PAGE 12, WEDNESDAY, MARCH 2, 2011

THE TRIBUNE





REPORTS SAY IRAN
USED TEAR GAS 10
DISPERSE PROTESTERS

TEHRAN, Iran
Associated Press

POLICE in Tehran used tear gas and
batons Tuesday to disperse anti-government
protesters demanding the release of opposi-
tion leaders, with several people arrested in
the biggest street clashes in Iran's capital in
more than two weeks, witnesses and opposi-
tion websites said.

Protesters rallied at several points in the
capital, chanting "Death to the dictator" and
urging authorities to free Mir Hossein
Mousavi and Mahdi Karroubi, whose family
and supporters claim are now under full-time
detention, according to kaleme.com.

Witnesses said riot police charged on pro-
testers in central Tehran to try to scatter
crowds. Some police took swipes at cars
whose drivers were believed to be honking
their horns in support of the demonstrators.

Family members and opposition activists
say the two leaders have been moved from
house arrest to a Tehran prison along with
their wives.

Iranian authorities deny the reports, but the
two opposition leaders have not been seen in
public or have posted statements on their
websites in more than a week.

Crackdown

Mousavi and Karroubi were put under
house arrest after they called for a Feb. 14
protest rally, the largest in more than a year
following a relentless crackdown by Iranian
authorities.

Clashes between protesters and security
forces during the demonstrations killed two
and wounded dozens.

The opposition movement — dispirited and
in disarray just a month ago — has been
revived by inspiration from the Arab world's
political revolts and the reports of the deten-
tions of Karroubi and Mousavi, who claims he
was rightful winner of 2009 election and that
President Mahmoud Ahmadinejad was re-
elected through massive vote fraud.

Both Mousavi and Karroubi — who also
ran in the June 2009 election — have been
under increasing pressure from authorities
who crushed street protests by their support-
ers.

The protests that swept Iran after the dis-
puted election grew into a larger movement
opposed to Iran's ruling system. Hundreds of
thousands peacefully took to the streets, but a
heavy security crackdown crushed the
protests.

Iran's leadership has rejected calls by hard-
liners to bring the two to trial on anti-state
charges, fearing that it could serve as a rally-
ing point for the beleaguered opposition's
supporters.

The current claims about their detentions,
however, could also help to re-energize oppo-
sition forces.

Questions

Foreign Ministry spokesman Ramin
Mehmanparast said Iran will not respond to
international questions about the where-
abouts of the two, adding that the country
considers the matter a "completely domestic"
affair.

The semiofficial news agency ISNA quoted
state prosecutor Gholam Hossein Mohseni
Ejchei as saying the two were not detained
but did not elaborate.

On Monday, he said authorities have cut all
outside contact with them as part of a cam-
paign to silence dissent.

However, the opposition and their relatives
said they are being held in a military garrison
in Tehran.

There has been no independent confirma-
tion of their location.

White House spokesman Jay Carney told
reporters Monday: "We obviously find the
detention of opposition leaders to be unac-
ceptable and we call on them to be treated
well and released."

Mehmanparast denounced outside pres-
sures to clarify the status of the two opposi-
tion figures.

"The internal issues of our country are com-
pletely domestic and no country is and will be
allowed to interfere in the internal affairs of
our country," he told reporters.

Mehmanparast said any "issues relating
to" Mousavi and Karroubi "will be dealt in
the framework of law by judicial authori-
ties."

SLL

Hib

INTERNATIONAL NEWS



IN THIS DEC. 29, 2010 FILE PHOTO, Cecilia Victoria Perez, second from left, and Maria Francia Perez, third from left, daughters of the former Venezue-
lan president Carlos Andres Perez, sit with with Cecilia Matos, left, during the funeral mass for Perez at the St. Thomas the Apostle Church in Miami.
A judge suggested anew Friday Feb. 18, 2011, placing the body of the former Venezuelan President in a crypt temporarily to allow more time to settle
a family dispute over his final resting place. (AP)

Judge: temporary tomb for
ex-Venezuelan president

MIAMI
Associated Press

A judge on Tuesday ordered
the body of former Venezue-
lan President Carlos Andres
Perez temporarily placed in a
Florida tomb to allow more
time to settle a dispute
between his estranged wife and
his longtime companion over
his final burial site.

Circuit Judge Arthur
Rothenberg cited a duty to
have the body interred more
than two months after Perez's
Dec. 25 death in Miami at age
88. Rothenberg said criminal
charges have been brought in
other states when a body
remains unburied for such a
long time.

"One must add the overrid-
ing concern for the dignity of
Carlos Andres Perez — that
he be treated with honor and
respect, as much in death as in
life," Rothenberg wrote.

The order won't take effect
immediately, providing time
for possible review by Flori-
da's 3rd District Court of
Appeal. Perez's estranged
wife, Blanca Rodriguez de
Perez, objected to the tempo-
rary entombment because it
would make an open-casket
funeral impossible.

Rothenberg's order indicat-
ed that may not matter,
because it appears the case
could drag into the summer,
"well beyond the most opti-
mistic testimony regarding
intact preservation of earthly
remains, even those which
have been embalmed and kept
refrigerated.”

One daughter of Perez and
his estranged wife in Caracas,
Venezuela, said her family
wants a final burial decision
soon and will discuss with
attorneys whether to appeal
moving her father's body from
a funeral home refrigeration
unit to the temporary crypt.

"What we want is for my
father's remains to rest in
peace," Carolina Perez
Rodriguez told The Associated
Press by telephone, speaking
in Spanish. "They aren't going

Melati
Snes

ult



"i -

JUDGE ARTHUR ROTHENBERG, left, listens to Juan C. Antunez, right, attorney for Blanca Rodriguez de Perez,

estranged wife of Carlos Andres Perez, in Miami, yesterday. His estranged wife and longtime mistress Cecilia Matos
have been arguing since he died Dec. 25 about where to bury him. His estranged wife wants his body brought
back to Venezuela. His mistress wants him buried in Miami. A new dispute has erupted in Florida over former
Venezuelan President Carlos Andres Perez's assets. Now they're arguing about what has happened to his
papers, art and memorabilia. His estranged wife's attorney says the items are being hidden. But attorneys for the
mistress claim they are being stored for safekeeping. (AP)

to rest because moving him to
a crypt now, only to move him
later on to another crypt or to
a coffin ... It's better to leave
him there."

One of two daughters of
Perez and his companion,
Cecilia Matos, said her family
was pleased with the ruling.

"The dignity of our father
should be the priority," Cecil-
ia Perez Matos said.

As the surviving spouse,
Rodriguez de Perez contends
she has the right under Florida
law to take her husband's body
back to Venezuela, where
Perez was president from 1974-
79 and from 1989-93. Matos
contends that Perez adamant-
ly opposed burial in Venezuela
as long as his bitter political
enemy Hugo Chavez remained
president and that the couple
had bought two crypts for U.S.

burial.

The order Tuesday says that
placing Perez's body in an
aboveground tomb for now
will give neither side an advan-
tage in the ultimate outcome
and will prevent a rush to judg-
ment.

"The issues can be fully
explored by the parties and
presented in a tranquil envi-
ronment, free of haste which
so often results in error,"
Rothenberg wrote.

Trial of the feud is currently
scheduled to begin March 21,
but Rothenberg plans to set a
new date after conferring with
both sides.

The judge last month
appointed a curator to inven-
tory assets, historical items,
papers, artwork and comput-
er files Perez had in Miami.
Rodriguez de Perez's attorney,

Juan Antunez, accused the
Matos side of moving items to
a warehouse in an effort to
hide them.

The Matos side, meanwhile,
contended that the items were
moved for safekeeping and to
guard against possible theft by
Venezuelan agents.

Perez had a mixed record in
Venezuela, popular in his first
term for a period of prosperity
after he nationalized the coun-
try's oil industry. Perez's pop-
ularity plunged in his second
term as he backed economic
austerity programs that includ-
ed hiking subsidized gasoline
prices. Anger among the poor
boiled over in 1989 riots that
left hundreds dead.

Perez survived two coup
attempts in 1992, the first led
by Chavez, then a young army
lieutenant colonel.

RATT a Ae

SE tees

TPS | FBI



Wun es

Buia







CWC's ‘non-
compete’
clalise on
BIC cables

* Development of existing fibre
optic infrastructure, such as
Haiti cable, must ‘happen
under BIC banner’ and not
other CWC affiliates

* Former BIC chief claims
company lost ‘first option’ on
$12m Cuba cable and $30m
Haiti wireless build-out after
2007 election

* Says his strategy involved
expanding BIC ‘beyond four
walls of Bahamas’ and
competing in Caribbean

By NEIL HARTNELL

Tribune Business Editor

Cable & Wireless Commu-
nications (CWC) can only fur-
ther develop the Bahamas
Telecommunications Compa-

ny’s (BTC) existing fibre optic ;
infrastructure outside the }

Bahamas, such as the cable sys-

tem link to Haiti, via the
Bahamian telecoms provider
and not one of its other
Caribbean subsidiaries, Tribune

Business was told yesterday.

Julian Francis, BTC’s exec- :
utive chairman and a leading

SEE page 2B

AML Foods to
continue share
buy hack plan

* Food retail group pledges
to halt ‘any downward trend’
in stock and ‘mop up’
undervalued shares coming
on to market

* Chairman said hostile bid
has made all Bahamian
public companies ‘more
aware’ of shareholder
relations/management

By NEIL HARTNELL

Tribune Business Editor ;

AML Foods yesterday said }
it will continue with its share

buy back initia-
tive to arrest

trend” in its
stock price and
“mop up”
undervalued
shares that
come on to the
market, its
chairman
adding that the recently with-

SEE page 4B

DIONISIO
D’AGUILAR



THE TRIBUNE

usine

WEDNESDAY,

SECTION B ¢ business@tribunemedia.net

$12m Port facility's
year-end open goal

: i Arawak Development firm seeking ‘design/build solution’ for
_ Gladstone Rd ‘break bulk’ location in 4-6 weeks
Port marine works 50% complete, with $20m of construction

_ budget spent

Hi Upland work on $2 million warehouse now started
_ i $30m private placement to happen ‘by year-end’; no word on IPO

: By ALISON LOWE
i Business Reporter
? alowe@tribunemedia.net

i The Arawak Port Devel-
? opment Company (APD) has
? begun its search for Bahamian
? contractors to design and
? build the planned inland ter-
? minal to house imported
? ‘break bulk’ goods, a project
? its chief executive yesterday
i said is estimated to cost $12
? million.

This latest stage of the work
? required to complete the
? Arawak Cay port comes as

SEE page 3B

i By NEIL HARTNELL
i Tribune Business Editor

: Robin Hood’s president
? yesterday said he was pre-
? pared to listen to mergers
? and acquisitions proposals
: from City Markets’ princi-
? pal, Mark Finlayson, and
? entertain consolidation
? between the two food retail-
i ers “if it makes financial
? sense for us”.

Agreeing that Mr Fin-
: layson was “right on the but-
} ton” in terms of the need for
? consolidation in the Bahami-
? an food retail industry,
? Sandy Schaefer told Tribune
: Business it would “be fool-
? ish” not to hear out any pro-
? posals he submitted in case
: they proved attractive.
: Asked whether he would
? listen to any offers submit-
? ted by Mr Finlayson to

4 : acquire Robin Hood and/or

} merge it with City Markets,
? Mr Schaefer responded: “Of
? course, if it makes sense. I
: think his strategy - the idea
i of consolidation - makes
? sense.

: “There are too many play-
: ers in the field and you need

SEE page 4B

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royaltidelity.com

‘Look forward,
not back,’ BTC
buyer tells PLP
and the unions

Says deal is ‘best outcome’ for Bahamas, and warns
‘uncertainty’ over BIC future ‘will help no one’

By ALISON LOWE
Business Reporter
alowe@tribunemedia.net

Cable and Wireless Communications (CWC) has asserted
that its acquisition of the 51 per cent majority stake in BTC is
the “best outcome” for The Bahamas, contrary to suggestions
by the Progressive Liberal Party (PLP) and unions, adding the
deal’s opponents need to “look forward, not back”, and that
“uncertainty” about BTC’s future serves no one.

A CWC spokesperson told Tribune Business, in response to
enquiries about the company’s view of claims by PLP leader
Perry Christie that his party would “aggressively renegotiate”
the deal with CWC if elected, that the the telecommunications
provider hopes to “move forward successfully in partnership”
with the Bahamian government.

In late January, Mr Christie said the PLP believes the sale of
BTC to CWC “is repugnant to the national interest”. He said
the party did not believe the company iwass a “trustworthy, reli-
able and capable strategic partner”, and called on the Gov-
ernment not to move forward with its plan to sell 51 per cent of

SEE page 2B

GB POWER OWNER TO ASSESS
ABACO ELECTRIC CABLE LINK

* Emera invited to help with ‘urgent’ upgrade of 60
MW power line from new plant to Marsh Harbour
* BEC investing $560k to upgrade existing plant as
precaution



HOLDING THE LINE: In this file photo Jimmy Mosko, chairman of the
Arawak Cay Port Development Company, holds a rope with Prime Min-
ister Hubert Ingraham at the site at Arawak Cay.



* Retailer's principal not
opposed to merger and
acquisition possibilities ‘if it
makes financial sense for us

kd

* Agrees that Mark Finlayson
‘right on the button’ with
food retail consolidation

By ALISON LOWE
Business Reporter
alowe@tribunemedia.net

Canadian energy giant,

ny, creating energy “synergies”
for the wider Bahamas.

It will also gather informa-
tion to help make a decision on
whether it will take up the Gov-

strategy Emera, will travel to Abaco ease Be to a
* .s next week to assess the poten- involved in the “urgently”

Warns: There are-100: Many tial for creating a power cable Tequired upgrade of the trans-
players In the field and you The information contained is from a third link between the island and mission line from the Wilson

Grand Bahama, where it owns
an 80.4 per cent stake in the
Grand Bahama Power Compa-

party and The Tribune can not be held
responsible for errors and/or omission
from the daily report

need to find economies of
scale to survive’

SEE page 3B























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PAGE 2B, WEDNESDAY, MARCH 2, 2011

THE TRIBUNE





Voicing your

hest delivery

vantaged by negative speech : repugnant to the national interest," Mr Christie said.
patterns that detract from ; reliable and capable strategic partner for the Bahamas and BTC.

the way they sound. High

? We call on the Government to cease and desist in pursuing the sale

ne major

aspect of

effective and

influential
communication is the sound
of your voice. If you think
this is trivial, imagine how
you feel about doing busi-
ness with a company whose
customer service person
sounds as if they are talking
at you instead of to you. Or
have you ever met a sales-
person who sounded so
disingenuous you just didn’t
want to buy from him/her?
The way you sound can
give people a gut feeling
about you. Communication
researcher, Bert Decker,
says the brain in divided into
two parts called the First
Brain and the New Brain.
The First Brain is the gate-
keeper and focuses on the

TALKING

BG

voice and facial expressions.
Once emotional trust is
gained, the New Brain
processes words and logic.

Your voice is made up of
tone, inflection, volume and
other components that con-
tribute to your delivery.

In phone conversations,
84 per cent of the message
received by the listener is
determined not by the
words you say, but by the
quality of your voice and
how you are able to make
your listener feel.

Your voice can convey




confidence or the lack there-
of. Your tone can make
your listener see you as con-
cerned and authentic, or
indifferent and contrived.
All the right words are use-
less if your delivery does not
help you to connect with
your listener.

Many people are disad-

pitch, monotone, too loud, :
too soft, slurred, mumbled, }
nasal or whiny voices may ;
diminish the message and }

how they want to be per-: . ¢ US to ] 1
? it provides - it is time to look forward, not back. CWC is a global

ceived.

skill that can be learned.

a Kee) SO mi ein item oy: 1e. om
BTC buyer tells

PLP and the unions



FROM page 1B

the state-owned entity.

“If the FNM administration proceeds against the advice of the
PLP and sells to Cable and Wireless, we put Cable and Wireless on
notice of our central position that the sale to Cable and Wireless
is not in the national interest, and when we return to Govern-
ment we will re-examine all of the provisions of the deal and we will
aggressively renegotiate the terms of the agreement that we deem

"We do not believe that it (Cable and Wireless) is a trustworthy,

as they have announced it.”

In response, CWC said it saw the proposed sale of 51 per cent of
BTC to the company as the “best outcome for the business and the
Bahamas”.

“BTC needs to prepare for competition and develop the services

‘ 444, ; telecoms operator with strong experience of guiding businesses
fi u a Ms mi aaa : : through liberalisation. What the staff and customers of BTC need
ae ae a ting ine ae ; most of all is certainty, and we’re committed to delivering that.

sound out of your voice is a } focused on completing the transaction with the Government, and

“Uncertainty about BTC's future will help no one. We are

: moving forward successfully in partnership,” said the spokesperson.

NB: Kim Welcome is
chief executive of Influen- :
tial Voice. A communica- :

viduals to achieve their goals :

through helping them to

develop deliberate, skillful, i spokesperson said: "We respect the competition. Our plan is to pre-

polished communication
skills. For more
www.influentialyoice.com

Asked about CWC’s position on providing entrepreneurial
opportunities for the hundreds of Bahamians currently acting as
top-up phone card vendors, the spokesperson added: "If the trans-
action is successful our plan is to revise BTC's top up distribution

tion trainer and coach, she ; ‘ttategy focusing more on small businesses and sole traders. The
9 : ; : ne anerae
° ° +. : plan is to extend entrepreneurial opportunities to more individu-
assists businesses and indi- i 1. od businesses."

As for the increased competitive threat provided by a merged

Cable Bahamas/Systems Resource Group (SRG), the CWC

i pare BTC to operate in a liberalised market. We believe that the

info :

buying power of Cable & Wireless Communications will help

i keep our prices competitive."

Notice

EQUATOR LEASING SEVENTEEN LIMITED

Notice is hereby given that EQUATOR LEASING
SEVENTEEN LIMITED a Company registered

under The

Act,

International
2000 has been dissolved and struck off

Business Companies

Register as of the 15th day of November 2010.

Peter Waterhouse
Liquidator

EK FG!



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.

| Pn | I
CWC's ‘non-compete’ clause on BIC cables



JULIAN FRANCIS

Bank & Trust (Bahamas) Ltd

Client Relationship Officer
Vice President

About EFG International
EFG International is a global private banking group, headquartered in Switzerland offering
private banking and asset management services, EFG International's group of private banking

businesses currently operate

employees.

in 60 locations in over 30 counties, with approx. 2.940

EFG Bank & Trust (Bahamas) Ltd continues to grow as evidenced by its two premises, one
in the heart of Downtown and one at Lyford Cay. EFG Bahamas has over 50 experienced
professionals and offers a full range of solutions for wealthy clients around the globe. EFG’s
unique corporate culture atiracts the most entrepreneurial and most expenenced professionals
in the industry. To learn more, please visit www.efginternational.com

We are looking for seasoned financial professionals with at least 10 years of sales and
marketing experiance in providing financial solutions to high net worth clients and
companies. The candidates must posses a solid knowledge of investments, banking and
trust services. The ability to service and grow your own client book is extremely important.
EFG provides a unique and uninhibited global marketing opportunity, an open architecture
platform and multiple booking centers.

The successful candidates must have a university degree or equivalent and posses or be
enrolled in the Senes 7, CSC, or UK equivalent. The candidates must have the required

qualifications and accreditations

to 6be

registered with The Bahamas Securities

Commission. The flexibility to go on frequent business development trips and work within
very tight deadlines is also a necessity. Fluency in any other language would be an asset.

EFG offers an attractive compensation plan that includes salary, benefils and a bonus
structure directly related to profitability. Salary will be determined by experience and

qualifications.

Interested and qualified profassionals should submit applications by 15 March 2010 to:

EFG Bank &Trust (Bahamas) Ltd
Human Resources
Centre of Commerce, 2nd Floor

1 Bay Street

P.O. Box SS-6289
Nassau, The Bahamas

Fax (242)502-5487



FROM page 1B

member of the Government-appointed privatisation committee that
played a key role in negotiating the sale of a 51 per cent stake in the
state-owned incumbent to CWC, said the agreement stipulated that
the purchaser could not compete with BTC’s existing overseas
infrastructure via its other regional operating units.

This was designed, he explained, to ensure that BTC maximised
the potential profits from its existing fibre optic cable link to Haiti
and other potential expansions, with all net income from these ven-
tures retained by the Bahamian company.

“BTC does have infrastructure in Haiti,” Mr Francis told Tribune
Business. “It was destroyed a year ago by the earthquake, but
has since been restored. It does have a communications relation-
ship with TelcoHaiti, which is now owned by a Vietnamese carri-
er.

“That [the fibre optic cable] is something that does not exist, and
the Government in negotiations with Cable & Wireless insisted that
Cable & Wireless recognise the existence of this infrastructure that
exists outside the Bahamas. Cable & Wireless agreed not to enter
into competition with it.

“Tf it intends to develop that infrastructure further, it has to be
done under the BTC banner.”

Mr Francis was commenting after former BTC president and
chief executive, Leon Williams, who has steadfastly opposed the
Government over the current privatisation and CWC deal, last
week said the 2007 change in government - and return to power of
the Ingraham administration - placed a number of BTC expansion
plans “on hold”.

Addressing the Rotary Club of western New Providence on
why the CWC deal should be halted, Mr Williams said his vision for
BTC had been to expand beyond the Bahamas’ borders and com-
pete in the Caribbean, in particular through the development of
fibre optic cable links to Haiti and Cuba.

Once BTC’s $6 million fibre optic cable to Haiti went live, Mr
Williams said, the Bahamian telecommunications provider was
given the first option/right of refusal to construct a $30 million GSM
and DSL wireless infrastructure in Haiti that would have provid-
ed cellular/GSM services.

The former chief executive said that if BTC had achieved just 10
per cent cellular market penetration in Haiti, it would have 800,000
subscribers, generating profitable returns and creating Bahamian
jobs in New Providence, through providing “back haul” services to
such traffic.

Opportunity

However, the opportunity was never taken up, and Mr Williams
suggested the folly of this decision was exposed by the success
aggressive Caribbean-based cellular provider, Digicel, had subse-
quently enjoyed in that market.

“Digicel went into Haiti, and in the first three months it had
500,000 subscribers,” Mr Williams said. “In the first year, it had 1.6
million subscribers. Digicel now has 2.6 million customers in the
poorest, but largest, country in the region.”

In addition, Mr Williams also alleged that BTC had “the first
right of refusal” to build a fibre optic cable infrastructure con-
necting Bimini to Matanzas in Cuba, but this project also never
materialised. BTC sources confirmed yesterday to Tribune Busi-
ness that this project had been on the drawing board, and agreed
with Mr Williams’ $12.6 million cost estimate.

Arguing that Bahamians were “not thinking out of the box”, Mr
Williams pointed to Cable Bahamas and its former controlling
shareholder, Columbus Communications, who had “gone south”
and, via the ARCOS cable network, had developed a self-healing
fibre optic ring linking countries in the Caribbean, Central and
South America, with the US.

“The Bahamas is a small market for them [Cable/Columbus]. My
vision was to get enough money in the bank accounts to get beyond
the four walls of the Bahamas,” Mr Williams said, noting the
untapped potential presented by the 11 million and 10 million
strong populations, respectively, of Cuba and Haiti on this nation’s
doorstep. We have 20 million people a close ride away. We have a
market to exploit. For CWC, what do you think they’re going to
do? They’re going to exploit the cable to Haiti.”

That is precisely what CWC intends to do, for its business plan
for BTC states: “We will seek to maximise the revenue opportu-
nities of the Bahamas-Haiti link for the Bahamas’ business.”

But high-level BTC sources, speaking to Tribune Business on
condition of anonymity, yesterday said it was not clear whether the
change in government in 2007 resulted in the Haiti/Cuba plans
being put on hold, as Mr Williams had claimed.

In the case of the $30 million Haiti expansion, one source said:
“There were a lot of issues involved in that.” They added that apart
from the unstable political and security situation in that country,
with Haiti’s government changing around that time, BTC also
had licensing and capital expenditure costs to deal with.

“It was definitely something on the table that could have hap-
pened, but required a little more study and work. It was high lev-
el and something that was being looked at,” the source said.

As for the Cuba cable, the same source confirmed: “That was in
the planning phase. It was definitely a project that was being
worked on.”

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



PAGE 2B, WEDNESDAY, MARCH 2, 2011

THE TRIBUNE





Voicing your

hest delivery

vantaged by negative speech : repugnant to the national interest," Mr Christie said.
patterns that detract from ; reliable and capable strategic partner for the Bahamas and BTC.

the way they sound. High

? We call on the Government to cease and desist in pursuing the sale

ne major

aspect of

effective and

influential
communication is the sound
of your voice. If you think
this is trivial, imagine how
you feel about doing busi-
ness with a company whose
customer service person
sounds as if they are talking
at you instead of to you. Or
have you ever met a sales-
person who sounded so
disingenuous you just didn’t
want to buy from him/her?
The way you sound can
give people a gut feeling
about you. Communication
researcher, Bert Decker,
says the brain in divided into
two parts called the First
Brain and the New Brain.
The First Brain is the gate-
keeper and focuses on the

TALKING

BG

voice and facial expressions.
Once emotional trust is
gained, the New Brain
processes words and logic.

Your voice is made up of
tone, inflection, volume and
other components that con-
tribute to your delivery.

In phone conversations,
84 per cent of the message
received by the listener is
determined not by the
words you say, but by the
quality of your voice and
how you are able to make
your listener feel.

Your voice can convey




confidence or the lack there-
of. Your tone can make
your listener see you as con-
cerned and authentic, or
indifferent and contrived.
All the right words are use-
less if your delivery does not
help you to connect with
your listener.

Many people are disad-

pitch, monotone, too loud, :
too soft, slurred, mumbled, }
nasal or whiny voices may ;
diminish the message and }

how they want to be per-: . ¢ US to ] 1
? it provides - it is time to look forward, not back. CWC is a global

ceived.

skill that can be learned.

a Kee) SO mi ein item oy: 1e. om
BTC buyer tells

PLP and the unions



FROM page 1B

the state-owned entity.

“If the FNM administration proceeds against the advice of the
PLP and sells to Cable and Wireless, we put Cable and Wireless on
notice of our central position that the sale to Cable and Wireless
is not in the national interest, and when we return to Govern-
ment we will re-examine all of the provisions of the deal and we will
aggressively renegotiate the terms of the agreement that we deem

"We do not believe that it (Cable and Wireless) is a trustworthy,

as they have announced it.”

In response, CWC said it saw the proposed sale of 51 per cent of
BTC to the company as the “best outcome for the business and the
Bahamas”.

“BTC needs to prepare for competition and develop the services

‘ 444, ; telecoms operator with strong experience of guiding businesses
fi u a Ms mi aaa : : through liberalisation. What the staff and customers of BTC need
ae ae a ting ine ae ; most of all is certainty, and we’re committed to delivering that.

sound out of your voice is a } focused on completing the transaction with the Government, and

“Uncertainty about BTC's future will help no one. We are

: moving forward successfully in partnership,” said the spokesperson.

NB: Kim Welcome is
chief executive of Influen- :
tial Voice. A communica- :

viduals to achieve their goals :

through helping them to

develop deliberate, skillful, i spokesperson said: "We respect the competition. Our plan is to pre-

polished communication
skills. For more
www.influentialyoice.com

Asked about CWC’s position on providing entrepreneurial
opportunities for the hundreds of Bahamians currently acting as
top-up phone card vendors, the spokesperson added: "If the trans-
action is successful our plan is to revise BTC's top up distribution

tion trainer and coach, she ; ‘ttategy focusing more on small businesses and sole traders. The
9 : ; : ne anerae
° ° +. : plan is to extend entrepreneurial opportunities to more individu-
assists businesses and indi- i 1. od businesses."

As for the increased competitive threat provided by a merged

Cable Bahamas/Systems Resource Group (SRG), the CWC

i pare BTC to operate in a liberalised market. We believe that the

info :

buying power of Cable & Wireless Communications will help

i keep our prices competitive."

Notice

EQUATOR LEASING SEVENTEEN LIMITED

Notice is hereby given that EQUATOR LEASING
SEVENTEEN LIMITED a Company registered

under The

Act,

International
2000 has been dissolved and struck off

Business Companies

Register as of the 15th day of November 2010.

Peter Waterhouse
Liquidator

EK FG!



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.

| Pn | I
CWC's ‘non-compete’ clause on BIC cables



JULIAN FRANCIS

Bank & Trust (Bahamas) Ltd

Client Relationship Officer
Vice President

About EFG International
EFG International is a global private banking group, headquartered in Switzerland offering
private banking and asset management services, EFG International's group of private banking

businesses currently operate

employees.

in 60 locations in over 30 counties, with approx. 2.940

EFG Bank & Trust (Bahamas) Ltd continues to grow as evidenced by its two premises, one
in the heart of Downtown and one at Lyford Cay. EFG Bahamas has over 50 experienced
professionals and offers a full range of solutions for wealthy clients around the globe. EFG’s
unique corporate culture atiracts the most entrepreneurial and most expenenced professionals
in the industry. To learn more, please visit www.efginternational.com

We are looking for seasoned financial professionals with at least 10 years of sales and
marketing experiance in providing financial solutions to high net worth clients and
companies. The candidates must posses a solid knowledge of investments, banking and
trust services. The ability to service and grow your own client book is extremely important.
EFG provides a unique and uninhibited global marketing opportunity, an open architecture
platform and multiple booking centers.

The successful candidates must have a university degree or equivalent and posses or be
enrolled in the Senes 7, CSC, or UK equivalent. The candidates must have the required

qualifications and accreditations

to 6be

registered with The Bahamas Securities

Commission. The flexibility to go on frequent business development trips and work within
very tight deadlines is also a necessity. Fluency in any other language would be an asset.

EFG offers an attractive compensation plan that includes salary, benefils and a bonus
structure directly related to profitability. Salary will be determined by experience and

qualifications.

Interested and qualified profassionals should submit applications by 15 March 2010 to:

EFG Bank &Trust (Bahamas) Ltd
Human Resources
Centre of Commerce, 2nd Floor

1 Bay Street

P.O. Box SS-6289
Nassau, The Bahamas

Fax (242)502-5487



FROM page 1B

member of the Government-appointed privatisation committee that
played a key role in negotiating the sale of a 51 per cent stake in the
state-owned incumbent to CWC, said the agreement stipulated that
the purchaser could not compete with BTC’s existing overseas
infrastructure via its other regional operating units.

This was designed, he explained, to ensure that BTC maximised
the potential profits from its existing fibre optic cable link to Haiti
and other potential expansions, with all net income from these ven-
tures retained by the Bahamian company.

“BTC does have infrastructure in Haiti,” Mr Francis told Tribune
Business. “It was destroyed a year ago by the earthquake, but
has since been restored. It does have a communications relation-
ship with TelcoHaiti, which is now owned by a Vietnamese carri-
er.

“That [the fibre optic cable] is something that does not exist, and
the Government in negotiations with Cable & Wireless insisted that
Cable & Wireless recognise the existence of this infrastructure that
exists outside the Bahamas. Cable & Wireless agreed not to enter
into competition with it.

“Tf it intends to develop that infrastructure further, it has to be
done under the BTC banner.”

Mr Francis was commenting after former BTC president and
chief executive, Leon Williams, who has steadfastly opposed the
Government over the current privatisation and CWC deal, last
week said the 2007 change in government - and return to power of
the Ingraham administration - placed a number of BTC expansion
plans “on hold”.

Addressing the Rotary Club of western New Providence on
why the CWC deal should be halted, Mr Williams said his vision for
BTC had been to expand beyond the Bahamas’ borders and com-
pete in the Caribbean, in particular through the development of
fibre optic cable links to Haiti and Cuba.

Once BTC’s $6 million fibre optic cable to Haiti went live, Mr
Williams said, the Bahamian telecommunications provider was
given the first option/right of refusal to construct a $30 million GSM
and DSL wireless infrastructure in Haiti that would have provid-
ed cellular/GSM services.

The former chief executive said that if BTC had achieved just 10
per cent cellular market penetration in Haiti, it would have 800,000
subscribers, generating profitable returns and creating Bahamian
jobs in New Providence, through providing “back haul” services to
such traffic.

Opportunity

However, the opportunity was never taken up, and Mr Williams
suggested the folly of this decision was exposed by the success
aggressive Caribbean-based cellular provider, Digicel, had subse-
quently enjoyed in that market.

“Digicel went into Haiti, and in the first three months it had
500,000 subscribers,” Mr Williams said. “In the first year, it had 1.6
million subscribers. Digicel now has 2.6 million customers in the
poorest, but largest, country in the region.”

In addition, Mr Williams also alleged that BTC had “the first
right of refusal” to build a fibre optic cable infrastructure con-
necting Bimini to Matanzas in Cuba, but this project also never
materialised. BTC sources confirmed yesterday to Tribune Busi-
ness that this project had been on the drawing board, and agreed
with Mr Williams’ $12.6 million cost estimate.

Arguing that Bahamians were “not thinking out of the box”, Mr
Williams pointed to Cable Bahamas and its former controlling
shareholder, Columbus Communications, who had “gone south”
and, via the ARCOS cable network, had developed a self-healing
fibre optic ring linking countries in the Caribbean, Central and
South America, with the US.

“The Bahamas is a small market for them [Cable/Columbus]. My
vision was to get enough money in the bank accounts to get beyond
the four walls of the Bahamas,” Mr Williams said, noting the
untapped potential presented by the 11 million and 10 million
strong populations, respectively, of Cuba and Haiti on this nation’s
doorstep. We have 20 million people a close ride away. We have a
market to exploit. For CWC, what do you think they’re going to
do? They’re going to exploit the cable to Haiti.”

That is precisely what CWC intends to do, for its business plan
for BTC states: “We will seek to maximise the revenue opportu-
nities of the Bahamas-Haiti link for the Bahamas’ business.”

But high-level BTC sources, speaking to Tribune Business on
condition of anonymity, yesterday said it was not clear whether the
change in government in 2007 resulted in the Haiti/Cuba plans
being put on hold, as Mr Williams had claimed.

In the case of the $30 million Haiti expansion, one source said:
“There were a lot of issues involved in that.” They added that apart
from the unstable political and security situation in that country,
with Haiti’s government changing around that time, BTC also
had licensing and capital expenditure costs to deal with.

“It was definitely something on the table that could have hap-
pened, but required a little more study and work. It was high lev-
el and something that was being looked at,” the source said.

As for the Cuba cable, the same source confirmed: “That was in
the planning phase. It was definitely a project that was being
worked on.”

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



THE TRIBUNE

WEDNESDAY, MARCH 2, 2011, PAGE 3B





GB POWER OWNER

TO ASSESS ABACO
ELECTRIC CABLE LINK

FROM page 1B

City power plant to Marsh Har-
bour, BEC’s chairman, Michael
Moss, said yesterday.

The Government/BEC, and
general contractors Man Diesel,
have been accused of over-
looking the upgrade to the
transmission line, which is

power supply.
The business community in

the island will again experience

ing times.

said the contract to upgrade the

(MW) of power
megawatts of power, would be
shortly put out to tender.

Chamber

being brought to bear on the
situation.

ness yesterday

assisting BEC with the timely
completion of the line.

“T have asked them if they :
have the kind of resources to }
help us get it in the shortest }
possible time. We have installed }
48 mw of generation at Wilson :
City. The line from Wilson City }
to Marsh Harbour, where the }
bulk of the Abaco load exists, }
can only carry a load of around }
14-16 MW, so we’re in process }
of upgrading that line to 60 }
MW. We would like to get that }
line completed before summer :

peak comes up,” he said.

Mr Moss said that rather i
than participating in the actual }
construction of the line, he }

i marine works associated with the project are now 50 per cent
provide some kind of project ;

envisages that Emera could

management resources.

be ready by the time the typi-
cally high summer electricity
demand comes around.

The upgrade of the units to a Arawak Cay, and a tremendous effort on the part of the Bet-

? ty K family. (The) Customs (Department) was also instru-

be able to provide a more reli- } mental,” said Mr Maura.

able power supply than they }
have in the past - it was the fail- }
ure of generation at the Marsh }
Harbour plant that, among oth- }
er things, precipitated the deci- }
? stone Road by a Bahamian contractor, with local contractors
? only being asked to apply. It is to be a 100,000 square foot facil-

i ity that will house so-called “less than container load” goods -

on Monday. That would mean { those which are in a container with goods destined for a variety

the units, two 4.4 MW units and of importers rather than one. Around 25 per cent of all con-

a 2.5 MW unit, would be ready + tginers brought into the country come in the “less than con-

: : ? tainer load” category.
Mr Moss said the estimated boy

$560,000 cost of upgrading ihe formed at Gladstone Road, rather than on Bay Street as it is
old units would “not be consid- } tod

ered a waste”, since it is likely | ‘OC@Y:
they will be redeployed else- } : :
where by BEC once Wilson } teas to lease, depending on their volume of cargo. Customers

City takes over full responsi- | would go out to Gladstone Road, or their Customs agent

bility for supplying Abaco’s } would go and present their paper work, and then they would be
} provided with their freight.”

condition in which they would

sion to develop the Wilson City
plant - is anticipated to take
around 60 days once it begins

for use again in May.

power demands.

“We want to make sure we }
do not face the embarrassment }
of last year, so we are making }
sure they are as reliable as pos- }
sible and that the (Marsh Har- }
bour) plant is in tip top shape in }

case it’s called upon,” said Mr
Moss.

In the meantime, reliability | would be capable of designing and building the facility, before

on the last two 12 £ allowing them to provide their design/build solution for the pro-

megawatt generation units at ; ject within the next four to six weeks.

Wilson City will take place }

tests

between March 3-10.

future, said Mr Moss.

The company remains inter- }
ested in potentially taking ona }
more substantial role as an }
operational manager or, even- }

tually, an owner of a privatised

this regard last December, but

bune Business understands.

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

to 60 spective Magazine Awards

i Gala will be held on May 11-
! ? 12, 2011, at the Atlantis
Pe ee ee ? Resort on Paradise Island.
of Commerce, }
Michael Albury, said he felt :

more satisfied after the meeting : expo will allow delegates to

that focused attention was | ©Xchange ideas and business
? Opportunities with colleagues
: from around the world. The
Mr Moss told Tribune Busi- }
that he }
approached Emera to see if }
they would be interested in }

: one meetings, so business can

Interval to sponsor

Interval International has
agreed to be a Bronze Spon-

2011, an event targeted at the

“Tt is a privilege to be the

Nash, chairman, president
and chief executive officer of
Interval Leisure Group, par-

national.
GNEX 2011 and the Per-

The new global networking

two-day event will feature an
exhibitor hall with creative
workshops, networking ses-
sions and areas for one-on-



CONFERENCE: Atlantis in Paradise Island.

be conducted.

The expo will also include a
welcome reception, open net-
working time and the Per-
spective Magazine Awards
Gala dinner, where industry
nominees will vie for the cov-
eted title of Best In The
World.

Interval International pro-
vides services to all aspects of
vacation ownership, including
traditional timesharing,
points-based programs, frac-
tional resorts, condo hotels
and private residence clubs.

“We are delighted to wel-

come Interval International
as a sponsor of GNEX 2011,
and look forward to not only
their participation as a global
industry leader, but also from
their local presence in each
of the four main regions that
our publications represent,”
said Paul Mattimoe, president
and chief executive, Perspec-
tive Media.

Sponsors and supporters of
GNEX 2011 include:

The Absolute World
Group, Dial an Exchange,
Resort Television, Yucatan
Holidays, Citadel Trustees,

$12m Port facility's
year-end open goal

FROM page 1B

complete, with upland work at the Arawak Cay site, including

? the construction of a $2 million, 25,000 square foot warehouse,

If the transmission line is not i beginning several weeks ago.

ready in time to allow for Wil- :
son City to feed the high sum- } modate ships coming into the port, the bulk head at which
ee iia ae pie oo ? these ships will dock, and the nearby “apron” or flat surface
a gee eeer eet wa | area where containers will be offloaded.
then the power supply will need :
to be supplemented from the }

old Marsh Harbour power ? marked for the port, on which construction began in summer

plant until the line is complete. } 2010, has now been spent.
It is for this reason that BEC } ; 4 i u a
is shortly set to spend just } Vale entity behind the development, said he was “very pleased
over$500,000 to overhaul three }
generation units at the Marsh }
Harbour plant, thus avoiding }
embarrassment should the }

delayed transmission line not }

Marine works have consisted primarily of dredging to accom-

Over 28 per cent, or $20 million, of the $70 million ear-

Mike Maura, chief executive of APD Ltd, the public-pri-

with progress on the port, which will allow for the relocation of
container shipping facilities from downtown Bay Street.

He added that he was particularly happy with the fact that
stakeholders were able to come together to facilitate the relo-
cation of the Betty K shipping operation away from its burnt out

: former Bay Street home to Arawak Cay last week, more than
? two months ahead of the scheduled date for this to happen.

“That took a lot of effort in terms of current operators on

Terminal

The inland terminal is to be built at a 15-acre site on Glad-

Mr Maura said: “That stripping of the goods will then be per-

“There will be a number of tenants there with different sized

The Gladstone Road site makes sense not only because it will
allow for a reduction of shipping-related congestion on Bay
Street, where such offloading and housing of goods currently
takes place, but also because the “commercial centre” of the
island has shifted - with more activity now taking place away
from Bay Street, Palmdale and the historic centres of com-

? merce, in locations such as Carmichael Road.

APD Ltd expects to shortlist a number of contractors who

“The goal is that by the end of the year a substantial portion

Part of Emera’s interest in of the facility would’ve been constructed, so that we can get at
exploring the possibility of link- i least a portion of it operational. We do not anticipate everything
ing Abaco and Grand Bahama } being completed until about February 2012, but if we can
via a submarine power cable is ; accomplish what we hope to by the end of year will be in pret-
to allow for either island to sup- } ty good shape,” said Mr Maura of the Gladstone Road termi-
plement the other should short- } nal.

falls in generation occur in the } val : a :
: to pay off the $30 million bridge loan facility that was required

A $30 million private placement, which will allow APD Ltd

to finance construction, after it obtained $20 million from its 20
private stakeholders and $20 million from the Government, is
still anticipated to take place “by year-end”.

The decision on when the Initial Public Offering of 20 per

? cent of the shares in the Arawak Cay port to the public will take
BEC. It submitted a proposalin }

place is one to be made by the Government, Mr Maura noted.

i He said that no further indication has been given on when

no further developments have { this offering might take place.

taken place in this regard, Tri- }

Connex, First American Title
Insurance Company, Interval
International, LeisureLink,
Max Generation, RCI, First
National Trustee Company,
Alternative Ownership Con-
ference Asia Pacific
(AOCAP), Australian Time-
share & Holiday Ownership
Council (ATHOC), Canadi-
an Resort Development
Association (CRDA), Coop-
erative Association of Resort
Exchangers (CARE), La
Asociaci6én Mexicana de
Desarrolladores Turisticos
(AMDETUR), Ragatz Frac-

Atlantis conference

needed to enable Marsh Har- :
bour to get the full benefits }
from the newly-constructed }
Wilson City plant’s enhanced }
: sor of the First Annual Glob-
? al Networking Expo, GNEX
Abaco has been particularly }

concerned that without the line, timeshare industry and which

? is being held at Paradise

the disastrous power outages } Jgjand’s Atlantis resort.

that further stymied the }
sourisi span de nl Seon 0my keynote speaker at this inau-
last summer during already try- : : :

? gural event that will bring
In January, the minister with | together shared ownership

responsibility for the rnviron- } professionals from so many

ment, Earl Deveaux, told a } countries,” said Craig M.
town meeting in Marsh Har- }
bour that the matter is a prior- }
ity for the Government, and }
? ent company of Interval Inter-
line from one which is present- }
ly able to carry 14-16 megawatts }

tional Interest Conference,
Resort Development Organ-
isation (RDO), Vacation
Ownership Association of
Southern Africa (VOASA),
American Airlines, Avis Rent
A Car and Christel House
International as Charity of
Choice.

Perspective Media pro-
duces Owners Perspective
Magazine, an independent
consumer publication that
specialises in promoting the
benefits of buying shared
ownership products to the
general public.

NOTICE

GOAL GLOBAL OFFSHORE ASSETS LIMITED

N OTIC E IS HEREBY GIVEN as follows:

{a) GOAL GLOBAL OFFSHORE ASSETS
LIMITED is in dissolution under the
provisions of the International Business

Companies Act 2000.

The dissolution of the said Company

commenced on the 24" day of February,
2011 when its Articles of Dissolution were

submitted to and registered by the Registrar
General.

The Liquidator of the said ae is Dr
Michael Grabher of Heiligkreuz 6, LI-
9490, Vaduz, Liechtenstein.

Dated the 24 day of February, 2011.
H & J CORPORATE SERVICES LTD.

Registered Agent
for the above-named Company



GOVERNMENT NOTICE
MINISTRY OF EDUCATION
NOTICE

Procurement for School Furniture/Equipment for the 7.4. Glover Lab School

The Ministry of Educ ation, (hereafter called the “Purchaser) mow invites

Bealed bids

from wppliers for the

procurement of School

Furnniturea/Equipment for The 7.6. Glover Lab School.

Interested Bidders may inspecticollect the bidding documents from the
Purchasing/Supplies Section of the Ministry of Education, in The Teacher &
Salaned Workers Co-Operative Credit Union Bldg. from Wednesday 237
February, 2071, and obtain further information, at the second address given

Eee low

Bide must be in English and shall be enclosed in duplicates in a sealed
envelope bearing no identty of fhe bidder and endorsed with the subject
bided on [Sehool FurnituravEquipment for The TG. Glover Lab Schaal")

Bide must be deposited in the tender box provided, at the first address, on or

before Monday, 217 March, 2071 by 5:00 p.m. (local time)
necessary to submit bids in person since they may be sent by mail

t wall not Be
Late

bide will be rejected and retumed unopened

Bide will be opened at the public tender meeting, in the presence of those
Bidder(s) or their Representative (5) who choose to attend, at 10000 a.m. on
Tuesday 22° March, 2011 at the first address below

(1) The Chainman Tender’
Ministry of Finance
Cecil Wallace Whitfield

Cable Beach

P.O. Box M-3017
Hassau, The Bahamas
Tale: (242)327-1530

Purchasing Supplies Section
Ministry of Education

PO. Bow N-387 3/4

Nassau, The Bahamas
Tele: (242) 502-277 112

The Ministry reserves the right to reject any or all Tenders







THE TRIBUNE

WEDNESDAY, MARCH 2, 2011, PAGE 3B





GB POWER OWNER

TO ASSESS ABACO
ELECTRIC CABLE LINK

FROM page 1B

City power plant to Marsh Har-
bour, BEC’s chairman, Michael
Moss, said yesterday.

The Government/BEC, and
general contractors Man Diesel,
have been accused of over-
looking the upgrade to the
transmission line, which is

power supply.
The business community in

the island will again experience

ing times.

said the contract to upgrade the

(MW) of power
megawatts of power, would be
shortly put out to tender.

Chamber

being brought to bear on the
situation.

ness yesterday

assisting BEC with the timely
completion of the line.

“T have asked them if they :
have the kind of resources to }
help us get it in the shortest }
possible time. We have installed }
48 mw of generation at Wilson :
City. The line from Wilson City }
to Marsh Harbour, where the }
bulk of the Abaco load exists, }
can only carry a load of around }
14-16 MW, so we’re in process }
of upgrading that line to 60 }
MW. We would like to get that }
line completed before summer :

peak comes up,” he said.

Mr Moss said that rather i
than participating in the actual }
construction of the line, he }

i marine works associated with the project are now 50 per cent
provide some kind of project ;

envisages that Emera could

management resources.

be ready by the time the typi-
cally high summer electricity
demand comes around.

The upgrade of the units to a Arawak Cay, and a tremendous effort on the part of the Bet-

? ty K family. (The) Customs (Department) was also instru-

be able to provide a more reli- } mental,” said Mr Maura.

able power supply than they }
have in the past - it was the fail- }
ure of generation at the Marsh }
Harbour plant that, among oth- }
er things, precipitated the deci- }
? stone Road by a Bahamian contractor, with local contractors
? only being asked to apply. It is to be a 100,000 square foot facil-

i ity that will house so-called “less than container load” goods -

on Monday. That would mean { those which are in a container with goods destined for a variety

the units, two 4.4 MW units and of importers rather than one. Around 25 per cent of all con-

a 2.5 MW unit, would be ready + tginers brought into the country come in the “less than con-

: : ? tainer load” category.
Mr Moss said the estimated boy

$560,000 cost of upgrading ihe formed at Gladstone Road, rather than on Bay Street as it is
old units would “not be consid- } tod

ered a waste”, since it is likely | ‘OC@Y:
they will be redeployed else- } : :
where by BEC once Wilson } teas to lease, depending on their volume of cargo. Customers

City takes over full responsi- | would go out to Gladstone Road, or their Customs agent

bility for supplying Abaco’s } would go and present their paper work, and then they would be
} provided with their freight.”

condition in which they would

sion to develop the Wilson City
plant - is anticipated to take
around 60 days once it begins

for use again in May.

power demands.

“We want to make sure we }
do not face the embarrassment }
of last year, so we are making }
sure they are as reliable as pos- }
sible and that the (Marsh Har- }
bour) plant is in tip top shape in }

case it’s called upon,” said Mr
Moss.

In the meantime, reliability | would be capable of designing and building the facility, before

on the last two 12 £ allowing them to provide their design/build solution for the pro-

megawatt generation units at ; ject within the next four to six weeks.

Wilson City will take place }

tests

between March 3-10.

future, said Mr Moss.

The company remains inter- }
ested in potentially taking ona }
more substantial role as an }
operational manager or, even- }

tually, an owner of a privatised

this regard last December, but

bune Business understands.

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

to 60 spective Magazine Awards

i Gala will be held on May 11-
! ? 12, 2011, at the Atlantis
Pe ee ee ? Resort on Paradise Island.
of Commerce, }
Michael Albury, said he felt :

more satisfied after the meeting : expo will allow delegates to

that focused attention was | ©Xchange ideas and business
? Opportunities with colleagues
: from around the world. The
Mr Moss told Tribune Busi- }
that he }
approached Emera to see if }
they would be interested in }

: one meetings, so business can

Interval to sponsor

Interval International has
agreed to be a Bronze Spon-

2011, an event targeted at the

“Tt is a privilege to be the

Nash, chairman, president
and chief executive officer of
Interval Leisure Group, par-

national.
GNEX 2011 and the Per-

The new global networking

two-day event will feature an
exhibitor hall with creative
workshops, networking ses-
sions and areas for one-on-



CONFERENCE: Atlantis in Paradise Island.

be conducted.

The expo will also include a
welcome reception, open net-
working time and the Per-
spective Magazine Awards
Gala dinner, where industry
nominees will vie for the cov-
eted title of Best In The
World.

Interval International pro-
vides services to all aspects of
vacation ownership, including
traditional timesharing,
points-based programs, frac-
tional resorts, condo hotels
and private residence clubs.

“We are delighted to wel-

come Interval International
as a sponsor of GNEX 2011,
and look forward to not only
their participation as a global
industry leader, but also from
their local presence in each
of the four main regions that
our publications represent,”
said Paul Mattimoe, president
and chief executive, Perspec-
tive Media.

Sponsors and supporters of
GNEX 2011 include:

The Absolute World
Group, Dial an Exchange,
Resort Television, Yucatan
Holidays, Citadel Trustees,

$12m Port facility's
year-end open goal

FROM page 1B

complete, with upland work at the Arawak Cay site, including

? the construction of a $2 million, 25,000 square foot warehouse,

If the transmission line is not i beginning several weeks ago.

ready in time to allow for Wil- :
son City to feed the high sum- } modate ships coming into the port, the bulk head at which
ee iia ae pie oo ? these ships will dock, and the nearby “apron” or flat surface
a gee eeer eet wa | area where containers will be offloaded.
then the power supply will need :
to be supplemented from the }

old Marsh Harbour power ? marked for the port, on which construction began in summer

plant until the line is complete. } 2010, has now been spent.
It is for this reason that BEC } ; 4 i u a
is shortly set to spend just } Vale entity behind the development, said he was “very pleased
over$500,000 to overhaul three }
generation units at the Marsh }
Harbour plant, thus avoiding }
embarrassment should the }

delayed transmission line not }

Marine works have consisted primarily of dredging to accom-

Over 28 per cent, or $20 million, of the $70 million ear-

Mike Maura, chief executive of APD Ltd, the public-pri-

with progress on the port, which will allow for the relocation of
container shipping facilities from downtown Bay Street.

He added that he was particularly happy with the fact that
stakeholders were able to come together to facilitate the relo-
cation of the Betty K shipping operation away from its burnt out

: former Bay Street home to Arawak Cay last week, more than
? two months ahead of the scheduled date for this to happen.

“That took a lot of effort in terms of current operators on

Terminal

The inland terminal is to be built at a 15-acre site on Glad-

Mr Maura said: “That stripping of the goods will then be per-

“There will be a number of tenants there with different sized

The Gladstone Road site makes sense not only because it will
allow for a reduction of shipping-related congestion on Bay
Street, where such offloading and housing of goods currently
takes place, but also because the “commercial centre” of the
island has shifted - with more activity now taking place away
from Bay Street, Palmdale and the historic centres of com-

? merce, in locations such as Carmichael Road.

APD Ltd expects to shortlist a number of contractors who

“The goal is that by the end of the year a substantial portion

Part of Emera’s interest in of the facility would’ve been constructed, so that we can get at
exploring the possibility of link- i least a portion of it operational. We do not anticipate everything
ing Abaco and Grand Bahama } being completed until about February 2012, but if we can
via a submarine power cable is ; accomplish what we hope to by the end of year will be in pret-
to allow for either island to sup- } ty good shape,” said Mr Maura of the Gladstone Road termi-
plement the other should short- } nal.

falls in generation occur in the } val : a :
: to pay off the $30 million bridge loan facility that was required

A $30 million private placement, which will allow APD Ltd

to finance construction, after it obtained $20 million from its 20
private stakeholders and $20 million from the Government, is
still anticipated to take place “by year-end”.

The decision on when the Initial Public Offering of 20 per

? cent of the shares in the Arawak Cay port to the public will take
BEC. It submitted a proposalin }

place is one to be made by the Government, Mr Maura noted.

i He said that no further indication has been given on when

no further developments have { this offering might take place.

taken place in this regard, Tri- }

Connex, First American Title
Insurance Company, Interval
International, LeisureLink,
Max Generation, RCI, First
National Trustee Company,
Alternative Ownership Con-
ference Asia Pacific
(AOCAP), Australian Time-
share & Holiday Ownership
Council (ATHOC), Canadi-
an Resort Development
Association (CRDA), Coop-
erative Association of Resort
Exchangers (CARE), La
Asociaci6én Mexicana de
Desarrolladores Turisticos
(AMDETUR), Ragatz Frac-

Atlantis conference

needed to enable Marsh Har- :
bour to get the full benefits }
from the newly-constructed }
Wilson City plant’s enhanced }
: sor of the First Annual Glob-
? al Networking Expo, GNEX
Abaco has been particularly }

concerned that without the line, timeshare industry and which

? is being held at Paradise

the disastrous power outages } Jgjand’s Atlantis resort.

that further stymied the }
sourisi span de nl Seon 0my keynote speaker at this inau-
last summer during already try- : : :

? gural event that will bring
In January, the minister with | together shared ownership

responsibility for the rnviron- } professionals from so many

ment, Earl Deveaux, told a } countries,” said Craig M.
town meeting in Marsh Har- }
bour that the matter is a prior- }
ity for the Government, and }
? ent company of Interval Inter-
line from one which is present- }
ly able to carry 14-16 megawatts }

tional Interest Conference,
Resort Development Organ-
isation (RDO), Vacation
Ownership Association of
Southern Africa (VOASA),
American Airlines, Avis Rent
A Car and Christel House
International as Charity of
Choice.

Perspective Media pro-
duces Owners Perspective
Magazine, an independent
consumer publication that
specialises in promoting the
benefits of buying shared
ownership products to the
general public.

NOTICE

GOAL GLOBAL OFFSHORE ASSETS LIMITED

N OTIC E IS HEREBY GIVEN as follows:

{a) GOAL GLOBAL OFFSHORE ASSETS
LIMITED is in dissolution under the
provisions of the International Business

Companies Act 2000.

The dissolution of the said Company

commenced on the 24" day of February,
2011 when its Articles of Dissolution were

submitted to and registered by the Registrar
General.

The Liquidator of the said ae is Dr
Michael Grabher of Heiligkreuz 6, LI-
9490, Vaduz, Liechtenstein.

Dated the 24 day of February, 2011.
H & J CORPORATE SERVICES LTD.

Registered Agent
for the above-named Company



GOVERNMENT NOTICE
MINISTRY OF EDUCATION
NOTICE

Procurement for School Furniture/Equipment for the 7.4. Glover Lab School

The Ministry of Educ ation, (hereafter called the “Purchaser) mow invites

Bealed bids

from wppliers for the

procurement of School

Furnniturea/Equipment for The 7.6. Glover Lab School.

Interested Bidders may inspecticollect the bidding documents from the
Purchasing/Supplies Section of the Ministry of Education, in The Teacher &
Salaned Workers Co-Operative Credit Union Bldg. from Wednesday 237
February, 2071, and obtain further information, at the second address given

Eee low

Bide must be in English and shall be enclosed in duplicates in a sealed
envelope bearing no identty of fhe bidder and endorsed with the subject
bided on [Sehool FurnituravEquipment for The TG. Glover Lab Schaal")

Bide must be deposited in the tender box provided, at the first address, on or

before Monday, 217 March, 2071 by 5:00 p.m. (local time)
necessary to submit bids in person since they may be sent by mail

t wall not Be
Late

bide will be rejected and retumed unopened

Bide will be opened at the public tender meeting, in the presence of those
Bidder(s) or their Representative (5) who choose to attend, at 10000 a.m. on
Tuesday 22° March, 2011 at the first address below

(1) The Chainman Tender’
Ministry of Finance
Cecil Wallace Whitfield

Cable Beach

P.O. Box M-3017
Hassau, The Bahamas
Tale: (242)327-1530

Purchasing Supplies Section
Ministry of Education

PO. Bow N-387 3/4

Nassau, The Bahamas
Tele: (242) 502-277 112

The Ministry reserves the right to reject any or all Tenders







PAGE 4B, WEDNESDAY, MARCH 2, 2011

THE TRIBUNE





AML Foods to continue stare buy hack plan

FROM page 1B

drawn hostile takeover offer
had awoken all Bahamian
public companies to the need
to maintain close relationships
with their shareholders.

Praising the Securities
Commission for removing the
BISX-listed food retail
group’s share suspension so
rapidly, Dionisio D’Aguilar
said Mark Finlayson’s $12
million ‘hostile’ bid for a 51
per cent stake in the company
had “paved the way” for sim-
ilar offers in the future, and
educated Bahamian investors
on how the process should
proceed in future.

And the $1.50 per share
bid, apart from helping to dri-
ve AML Foods’ share price
higher, had also concentrat-
ed shareholder minds on the
food retail group’s funda-
mentals and what its true val-
ue is, Mr D’ Aguilar added.

“T think we’ll continue,” he
said of AML Foods’ share
buy back plan, announced in
January in what many suspect
was a Board/management
response to indications that a
hostile offer was coming, with
the intention of bolstering the
share price.

“We felt that our shares
were undervalued. One thing
this hostile offer has done is
that it has added value to our
shares. They will not budge
from $1.50 for a while,” Mr
D’ Aguilar said.

AML Foods’ share price is
currently $1.04 on BISX, but
when it comes to Open
Orders, all four of them are
‘Buys’ at prices ranging from



MARK FINLAYSON

yesterday’s market close to
$1.07 per share.

Ultimately, Mr D’ Aguilar
said AML Foods’ investors
did not want to sell at the
price offered by Mr Finlayson,
the ‘hostile bidder’ having
previously offered $1.86 per
share to some of the compa-
ny’s larger shareholders.
However, Tribune Business
understands that some of
AML Foods’ major investors
were holding out for as high
as $3 per share.

“Tt caused people to look
at the fundamentals and see
what the share value is,” the
AML Foods chairman told
this newspaper. “Should there
be any downward trend in the
price, we will definitely step in
and mop up, and ensure that
it doesn’t become unreason-
ably low, unrealistically low.

“We will ensure that the
share price is not driven by
people making quick sales to
realise cash to take care of
personal affairs.”

Recalling the events of the
past month, the ‘hostile’
takeover having been publicly
announced on January 31, Mr
D’ Aguilar told Tribune Busi-
ness: “Mr Finlayson has
paved the way for the future,
giving people an indication of
how it [hostile takeovers]
work, and has probably made
public companies awaken
more to shareholder relations
and management.

“We have so many share-
holders [1,357], and so many
shares, that the one thing that
became very evident in this
exercise was that AML has a
truly diverse number of share-
holders, and no one or two
shareholders has a controlling
interest. You’d have to get
the top 10-15 shareholders to
get close to 51 per cent.

“Tt still doesn’t take away
from the fact that we have to
work on shareholder value,
which is what’s driven by fun-
damentals.”

Describing the Securities
Commission’s suspension of
trading in AML Foods shares
last week as a “minor incon-
venience”, being implement-
ed to maintain an orderly
securities market, Mr
D’Aguilar praised Mr Fin-
layson for paving the way for
trading to resume by the
prompt formal announcement
of his bid’s withdrawal.

“Tm amazed they’ve
moved so quickly,” he said of
the Securities Commission. “I
thought it would take much
longer than that, but ’m
always amazed when govern-
ment departments move in
haste. It was the right deci-

sion, made in a timely man-
ner, so we move on. There
was no reason for them to
keep it suspended.”

Asked about the impact the
share suspension had on
AML Foods investors, Mr
D’ Aguilar told Tribune Busi-
ness: “I think the share sus-
pension was a mild inconve-
nience, because it did not go
on for long. Had it been
longer, it would have been a
major inconvenience to share-
holders because they would
not have been able to trade
their shares.

“But I applaud Mr Fin-
layson. Having decided to
withdraw his tender offer, he
was expeditious in telling
everyone, allowing the status
quo to resume. Once he knew
his decision, he did not linger
on for an inordinate amount
of time, which we appreciate.”

Joining Mr Finlayson in
pointing out that comments
the two had made during the
period the ‘hostile takeover’
was live were nothing per-
sonal, the AML Foods chair-
man said: “Both of us are
educated enough to realise
that what’s said in the heat of
the moment is just that.

“There are no hard feelings,
so I look forward to breaking
bread with him at some point
in the near future. I’m glad
it’s all over, and thank every-
one for their support. I wish
everyone, including Mr Fin-
layson, best wishes for their
future endeavours. It was an
interesting experience, but
now I can get back to where I
belong, running Superwash.”

NOTICE

INTERNATIONAL BUSINESS COMPANIES
ACT 2000 (No. 45 of 2000)
Liquidator’s Statement
Pursuant to Section 138(6) of
The International Business Companies Act

I, George Clifford Culmer, Liquidator of
POWBRIDGE PORTFOLIO INC. HEREBY
CERTIFY that the wind-up and dissolution of
POWBRIDGE PORTFOLIO INC. has _ been
completed in accordance with the Articles of
Dissolution.

Dated this 01“ day of March, 2011

GEORGE CLIFFORD CULMER



AlG, MetLife reach agreement on share sales

WASHINGTON

American International Group Inc. said Tuesday it is taking
another step toward repaying the government's $182 billion
bailout package.

The company has reached an agreement with MetLife Inc. to
sell more than 78 million MetLife common shares, and it also
agreed to sell another 40 million equity units of MetLife valued
at $3 billion. AIG received the securities as part of the $16.2 bil-
lion sale of its American Life Insurance Co. subsidiary to
MetLife last November. MetLife paid $7.2 billion in cash and
the rest in securities for ALICO.

MetLife has agreed to allow AIG to sell the securities earli-
er than planned. AIG initially promised to hold the securities
for at least nine months.

MetLife also said Tuesday that it plans to sell 68.6 million
shares in a public offering. It will use proceeds from the sale to
repurchase preferred convertible securities owned by AIG.
Those securities could be converted to 68.6 million common
shares. MetLife will then cancel the securities, rather than
convert them. The government still owns about 90 percent of
AIG's shares, which it received in January in return for $47.5
billion in taxpayer aid. Depending on how the shares perform,
the government could make a profit on the bailout after it
sells the shares. The Treasury Department is expected to start
selling its shares this month.

APD Limited

APD Limited is in the process of Prequalifying contractors in connection with the design
and construction of their proposed Inland Container Terminal on Gladstone Road. This
project will be procured on a design/build basis.

The Prequalification documents can be accessed by logging anto:

ftp://dhpftp.aotbahamas.com
username: apditd
password: apdi234

The documents must be completed and returned by 5pm Friday, March he 2011

electronically to:

pow(@ dhpassociates.com
or rroker@dhpassociates.com

or by hand to:
APD Limited
House of Moska
Bay Street
Nassau, Bahamas

The selected design/build entities will be provided with Requests for Proposals on
Friday, March 7", 2011,

Please be advised that only Bahamian registered firms will be considered.

Tenderers who have previously responded to Prequalification documents in this
connection are advised to review the documents as now posted and revise their

submission if they so desire.

ROBIN HOOD ‘OPEN’ TO CITY
MARKETS CONSOLIDATION TALKS

FROM page 1B

to find economies of scale to survive. I’m open to anything
from anyone that makes money. If it makes financial sense
for us, it would be foolish not to consider it. You keep an
open mind, listen to these things, and if it makes sense,
move forward.

“When you’re in business, you don’t fall in love with
business. You’re in business to make money, and what you
do with that money is your choice. It’s good to give back to
the community, though.”

In disclosing the withdrawal of his $12 million ‘hostile
takeover’ bid to acquire a majority 51 per cent stake in
rival retailer AML Foods, Mr Finlayson told Tribune Busi-
ness at the weekend that the Associated Bahamian Dis-
tillers and Brewers (ABDAB) Board had directed him to re-
open talks with both Phil’s Food Services and Robin Hood,
and see if there were mergers and acquisition possibilities
there.

“Phil’s did $41 million in sales last year. That’s impressive
in 13 months. I’ve never seen Sandy’s [Robin Hood] num-
bers, but he’s said $26 million, and I don’t think that was up
to the close of the year,” Mr Finlayson said.

Mr Schaefer’s response yesterday indicates that doors
are still open for Mr Finlayson to pursue his food retail
consolidation strategy. Indeed, he previously told Tribune
Business that exploratory talks were held with both Robin
Hood and Phil’s Food Services last year, although nothing
came of them then.

Mr Finlayson, though, may have more difficulty in mak-
ing headway with Phil’s Food Services.

Standalone

When Tribune Business revealed details of his preliminary
approach to both parties, Phil’s principal, Philip Light-
bourne responded adamantly: “I am having no conversations
with anyone. I am in no talks with Trans-Island Traders,
Robin Hood, nobody. I'm a standalone. I'm a guy who
stands alone to give service to the Bahamian people.

“Phil's Food Services will remain Phil's Food Services. I
think they're [Mr Finlayson] really trying to get AML Foods
to bite, so they figured they'd use my name and Sandy
Schaefer's name. No one’s talking to me and there will be no
talks. I'm in no talks with anybody.”

Meanwhile, Mr Schaefer, backing Mr Finlayson’s strate-
gy, told Tribune Business yesterday: “Certain things at
some point become inevitable. You have a finite population,
and as more and more players come on to the field, the pie
gets cut into smaller and smaller slices.

“At some point, consolidation makes sense, because you
eliminate players from the field. You can exploit economies
of scale, you can exploit shipping. There are so many advan-
tages to working together than working apart from each oth-
er. It’s common sense to listen.”

Despite fighting ‘tooth and nail’ to ensure Mr Finlayson’s
‘hostile takeover’ offer was defeated, AML Foods chairman,
Dionisio D’Aguilar, also agreed that consolidation in the
Bahamian food retail industry was essential, as there were
too many retailers with too much product chasing too few
customers.

Markets shares and profits are under pressure, especially
given that the recession has reduced disposable incomes
and shrunk household food budgets.

“There are a lot of people entering the market. Where
Mr Finlayson was right and very astute was that this
market is becoming very crowded, and you have to think
very hard about where and when you build a new loca-
tion,” Mr D’Aguilar said earlier this week.

“The population is very static, and spending on food is
not increasing much. You’re just taking that pie and
splitting it more each year.”



Legal Notice

NOTICE
RIAN WEALTH
MANAGEMENT LID.

Notice is hereby given that in accordance with
Section 137 (8) of the International Business Com-
panies Act, 2000, RIAN WEALTH MANAGE-
MENT LTD., has been dissolved and struck off the
Register according to the Certificate of Dissolution
issued by the Registrar General on the 8 th day of
February, A.D., 2011.

Dated the 2nd day of March A.D., 2011

A.J.K. Corporate Services (Bahamas) Limited
Liquidator



Legal Notice

NOTICE
DELLSON INVESTMENT
MANAGEMENT INC.

Notice is hereby given that in accordance with
Section 137 (8) of the International Business
Companies Act, 2000, DELLSON INVESTMENT
MANAGEMENT LTD., has been dissolved and
struck off the Register according to the Certificate
of Dissolution issued by the Registrar General on
the 8 th day of February, A.D., 2011.

Dated the 2nd day of March A.D., 2011

A.J.K. Corporate Services (Bahamas) Limited
Liquidator







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



PAGE 4B, WEDNESDAY, MARCH 2, 2011

THE TRIBUNE





AML Foods to continue stare buy hack plan

FROM page 1B

drawn hostile takeover offer
had awoken all Bahamian
public companies to the need
to maintain close relationships
with their shareholders.

Praising the Securities
Commission for removing the
BISX-listed food retail
group’s share suspension so
rapidly, Dionisio D’Aguilar
said Mark Finlayson’s $12
million ‘hostile’ bid for a 51
per cent stake in the company
had “paved the way” for sim-
ilar offers in the future, and
educated Bahamian investors
on how the process should
proceed in future.

And the $1.50 per share
bid, apart from helping to dri-
ve AML Foods’ share price
higher, had also concentrat-
ed shareholder minds on the
food retail group’s funda-
mentals and what its true val-
ue is, Mr D’ Aguilar added.

“T think we’ll continue,” he
said of AML Foods’ share
buy back plan, announced in
January in what many suspect
was a Board/management
response to indications that a
hostile offer was coming, with
the intention of bolstering the
share price.

“We felt that our shares
were undervalued. One thing
this hostile offer has done is
that it has added value to our
shares. They will not budge
from $1.50 for a while,” Mr
D’ Aguilar said.

AML Foods’ share price is
currently $1.04 on BISX, but
when it comes to Open
Orders, all four of them are
‘Buys’ at prices ranging from



MARK FINLAYSON

yesterday’s market close to
$1.07 per share.

Ultimately, Mr D’ Aguilar
said AML Foods’ investors
did not want to sell at the
price offered by Mr Finlayson,
the ‘hostile bidder’ having
previously offered $1.86 per
share to some of the compa-
ny’s larger shareholders.
However, Tribune Business
understands that some of
AML Foods’ major investors
were holding out for as high
as $3 per share.

“Tt caused people to look
at the fundamentals and see
what the share value is,” the
AML Foods chairman told
this newspaper. “Should there
be any downward trend in the
price, we will definitely step in
and mop up, and ensure that
it doesn’t become unreason-
ably low, unrealistically low.

“We will ensure that the
share price is not driven by
people making quick sales to
realise cash to take care of
personal affairs.”

Recalling the events of the
past month, the ‘hostile’
takeover having been publicly
announced on January 31, Mr
D’ Aguilar told Tribune Busi-
ness: “Mr Finlayson has
paved the way for the future,
giving people an indication of
how it [hostile takeovers]
work, and has probably made
public companies awaken
more to shareholder relations
and management.

“We have so many share-
holders [1,357], and so many
shares, that the one thing that
became very evident in this
exercise was that AML has a
truly diverse number of share-
holders, and no one or two
shareholders has a controlling
interest. You’d have to get
the top 10-15 shareholders to
get close to 51 per cent.

“Tt still doesn’t take away
from the fact that we have to
work on shareholder value,
which is what’s driven by fun-
damentals.”

Describing the Securities
Commission’s suspension of
trading in AML Foods shares
last week as a “minor incon-
venience”, being implement-
ed to maintain an orderly
securities market, Mr
D’Aguilar praised Mr Fin-
layson for paving the way for
trading to resume by the
prompt formal announcement
of his bid’s withdrawal.

“Tm amazed they’ve
moved so quickly,” he said of
the Securities Commission. “I
thought it would take much
longer than that, but ’m
always amazed when govern-
ment departments move in
haste. It was the right deci-

sion, made in a timely man-
ner, so we move on. There
was no reason for them to
keep it suspended.”

Asked about the impact the
share suspension had on
AML Foods investors, Mr
D’ Aguilar told Tribune Busi-
ness: “I think the share sus-
pension was a mild inconve-
nience, because it did not go
on for long. Had it been
longer, it would have been a
major inconvenience to share-
holders because they would
not have been able to trade
their shares.

“But I applaud Mr Fin-
layson. Having decided to
withdraw his tender offer, he
was expeditious in telling
everyone, allowing the status
quo to resume. Once he knew
his decision, he did not linger
on for an inordinate amount
of time, which we appreciate.”

Joining Mr Finlayson in
pointing out that comments
the two had made during the
period the ‘hostile takeover’
was live were nothing per-
sonal, the AML Foods chair-
man said: “Both of us are
educated enough to realise
that what’s said in the heat of
the moment is just that.

“There are no hard feelings,
so I look forward to breaking
bread with him at some point
in the near future. I’m glad
it’s all over, and thank every-
one for their support. I wish
everyone, including Mr Fin-
layson, best wishes for their
future endeavours. It was an
interesting experience, but
now I can get back to where I
belong, running Superwash.”

NOTICE

INTERNATIONAL BUSINESS COMPANIES
ACT 2000 (No. 45 of 2000)
Liquidator’s Statement
Pursuant to Section 138(6) of
The International Business Companies Act

I, George Clifford Culmer, Liquidator of
POWBRIDGE PORTFOLIO INC. HEREBY
CERTIFY that the wind-up and dissolution of
POWBRIDGE PORTFOLIO INC. has _ been
completed in accordance with the Articles of
Dissolution.

Dated this 01“ day of March, 2011

GEORGE CLIFFORD CULMER



AlG, MetLife reach agreement on share sales

WASHINGTON

American International Group Inc. said Tuesday it is taking
another step toward repaying the government's $182 billion
bailout package.

The company has reached an agreement with MetLife Inc. to
sell more than 78 million MetLife common shares, and it also
agreed to sell another 40 million equity units of MetLife valued
at $3 billion. AIG received the securities as part of the $16.2 bil-
lion sale of its American Life Insurance Co. subsidiary to
MetLife last November. MetLife paid $7.2 billion in cash and
the rest in securities for ALICO.

MetLife has agreed to allow AIG to sell the securities earli-
er than planned. AIG initially promised to hold the securities
for at least nine months.

MetLife also said Tuesday that it plans to sell 68.6 million
shares in a public offering. It will use proceeds from the sale to
repurchase preferred convertible securities owned by AIG.
Those securities could be converted to 68.6 million common
shares. MetLife will then cancel the securities, rather than
convert them. The government still owns about 90 percent of
AIG's shares, which it received in January in return for $47.5
billion in taxpayer aid. Depending on how the shares perform,
the government could make a profit on the bailout after it
sells the shares. The Treasury Department is expected to start
selling its shares this month.

APD Limited

APD Limited is in the process of Prequalifying contractors in connection with the design
and construction of their proposed Inland Container Terminal on Gladstone Road. This
project will be procured on a design/build basis.

The Prequalification documents can be accessed by logging anto:

ftp://dhpftp.aotbahamas.com
username: apditd
password: apdi234

The documents must be completed and returned by 5pm Friday, March he 2011

electronically to:

pow(@ dhpassociates.com
or rroker@dhpassociates.com

or by hand to:
APD Limited
House of Moska
Bay Street
Nassau, Bahamas

The selected design/build entities will be provided with Requests for Proposals on
Friday, March 7", 2011,

Please be advised that only Bahamian registered firms will be considered.

Tenderers who have previously responded to Prequalification documents in this
connection are advised to review the documents as now posted and revise their

submission if they so desire.

ROBIN HOOD ‘OPEN’ TO CITY
MARKETS CONSOLIDATION TALKS

FROM page 1B

to find economies of scale to survive. I’m open to anything
from anyone that makes money. If it makes financial sense
for us, it would be foolish not to consider it. You keep an
open mind, listen to these things, and if it makes sense,
move forward.

“When you’re in business, you don’t fall in love with
business. You’re in business to make money, and what you
do with that money is your choice. It’s good to give back to
the community, though.”

In disclosing the withdrawal of his $12 million ‘hostile
takeover’ bid to acquire a majority 51 per cent stake in
rival retailer AML Foods, Mr Finlayson told Tribune Busi-
ness at the weekend that the Associated Bahamian Dis-
tillers and Brewers (ABDAB) Board had directed him to re-
open talks with both Phil’s Food Services and Robin Hood,
and see if there were mergers and acquisition possibilities
there.

“Phil’s did $41 million in sales last year. That’s impressive
in 13 months. I’ve never seen Sandy’s [Robin Hood] num-
bers, but he’s said $26 million, and I don’t think that was up
to the close of the year,” Mr Finlayson said.

Mr Schaefer’s response yesterday indicates that doors
are still open for Mr Finlayson to pursue his food retail
consolidation strategy. Indeed, he previously told Tribune
Business that exploratory talks were held with both Robin
Hood and Phil’s Food Services last year, although nothing
came of them then.

Mr Finlayson, though, may have more difficulty in mak-
ing headway with Phil’s Food Services.

Standalone

When Tribune Business revealed details of his preliminary
approach to both parties, Phil’s principal, Philip Light-
bourne responded adamantly: “I am having no conversations
with anyone. I am in no talks with Trans-Island Traders,
Robin Hood, nobody. I'm a standalone. I'm a guy who
stands alone to give service to the Bahamian people.

“Phil's Food Services will remain Phil's Food Services. I
think they're [Mr Finlayson] really trying to get AML Foods
to bite, so they figured they'd use my name and Sandy
Schaefer's name. No one’s talking to me and there will be no
talks. I'm in no talks with anybody.”

Meanwhile, Mr Schaefer, backing Mr Finlayson’s strate-
gy, told Tribune Business yesterday: “Certain things at
some point become inevitable. You have a finite population,
and as more and more players come on to the field, the pie
gets cut into smaller and smaller slices.

“At some point, consolidation makes sense, because you
eliminate players from the field. You can exploit economies
of scale, you can exploit shipping. There are so many advan-
tages to working together than working apart from each oth-
er. It’s common sense to listen.”

Despite fighting ‘tooth and nail’ to ensure Mr Finlayson’s
‘hostile takeover’ offer was defeated, AML Foods chairman,
Dionisio D’Aguilar, also agreed that consolidation in the
Bahamian food retail industry was essential, as there were
too many retailers with too much product chasing too few
customers.

Markets shares and profits are under pressure, especially
given that the recession has reduced disposable incomes
and shrunk household food budgets.

“There are a lot of people entering the market. Where
Mr Finlayson was right and very astute was that this
market is becoming very crowded, and you have to think
very hard about where and when you build a new loca-
tion,” Mr D’Aguilar said earlier this week.

“The population is very static, and spending on food is
not increasing much. You’re just taking that pie and
splitting it more each year.”



Legal Notice

NOTICE
RIAN WEALTH
MANAGEMENT LID.

Notice is hereby given that in accordance with
Section 137 (8) of the International Business Com-
panies Act, 2000, RIAN WEALTH MANAGE-
MENT LTD., has been dissolved and struck off the
Register according to the Certificate of Dissolution
issued by the Registrar General on the 8 th day of
February, A.D., 2011.

Dated the 2nd day of March A.D., 2011

A.J.K. Corporate Services (Bahamas) Limited
Liquidator



Legal Notice

NOTICE
DELLSON INVESTMENT
MANAGEMENT INC.

Notice is hereby given that in accordance with
Section 137 (8) of the International Business
Companies Act, 2000, DELLSON INVESTMENT
MANAGEMENT LTD., has been dissolved and
struck off the Register according to the Certificate
of Dissolution issued by the Registrar General on
the 8 th day of February, A.D., 2011.

Dated the 2nd day of March A.D., 2011

A.J.K. Corporate Services (Bahamas) Limited
Liquidator







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



THE TRIBUNE

WEDNESDAY, MARCH 2, 2011, PAGE 5B





Manutacturing srowing
at fastest pace in 7 years

CHRISTOPHER

S. RUGABER,

AP Economics Writer
WASHINGTON

U.S. manufacturers expand-
ed at the fastest pace in nearly
seven years last month, but a
sudden rise in the price of raw
materials could threaten their
profits. The Institute for Supply
Management said Tuesday that
its index of manufacturing
activity rose to 61.4 in February,
up from 60.8 the previous
month. That's the highest read-
ing since it reached the same
level in May 2004. The ISM's
index bottomed out at 33.3 in
December 2008, its lowest point
in nearly 30 years.

Any reading above 50 indi-
cates expansion. The manufac-
turing sector has now expanded
for the past 19 months.

The rebound in manufactur-
ing is gaining momentum, the
report showed. The new orders
index rose to a seven-year high.
A measure of order backlogs
rose to its highest level in a
year. And inventories are
shrinking, both at manufactur-
ers and their customers. All are
signs that factory output is like-
ly to keep growing.

"The recovery in the sector is
both robust and on track," said
Jan Shepherdson, an economist
at High Frequency Economics.

Solid growth overseas, par-
ticularly in developing coun-
tries such as China, Brazil and
India, has also helped by boost-
ing exports. A measure of
export orders rose to its highest
level in more than 22 years.

And an employment index
in the ISM's report topped 60
for only the third time in a
decade, evidence that manu-
facturers are adding employees
at a rapid clip.



(AP Photo/Ted . Warren) :



(AP Photo/Bebeto Matthews)
CRUDE REACTION: Traders of crude oil and natural gas react during ear-
ly trading at the New York Mercantile Exchange on Monday, Jan. 31, 2011.
Brent crude oil topped $100 for the first time since 2008 as investors kept
an anxious eye on Egypt and worried about unrest there disrupting the flow
of oil from the Middle East. Brent is the benchmark for oil prices in
Europe and Asia.

Oil prices jump on Middle
East, Bernanke comments

CHRIS KAHN,
AP Energy Writer
NEW YORK

Oil prices climbed Tuesday as Iran clamped down on anti-gov-
ernment protesters and unrest in the Middle East threatened to
keep energy prices high for months to come.

Benchmark West Texas Intermediate for April delivery gained
$2.66 to settle at $99.63 a barrel on the New York Mercantile
Exchange.

In London, Brent crude gained $3.62 to settle at $115.42 per bar-
rel on the ICE Futures exchange.

The recent surge in oil has pushed up gasoline prices in the
USS. by nearly 20 cents per gallon in the past week. That's the
sharpest increase since September 2008, when Hurricane Ike shut
down Gulf Coast refineries, according to the Oil Price Information
Service. In 2005, Hurricane Katrina sent prices soaring about 45
cents per gallon in one week.

Oil prices surged 13 percent last week, peaking above $100 per
barrel, as Libyan protesters expanded their control over the coun-
try. While the Libyan uprising continued Tuesday, news agencies
reported that Iranian authorities imprisoned opposition leaders in

: Tehran. Iranian authorities denied the reports.

Pro-reform groups have clashed with the Iranian government.
Jailing opposition leaders would be a major escalation of the
country's political crisis. Iran exports about 2.5 million barrels of
oil and natural gas liquids per day, about 3 percent of global
demand. The Iran protests are among the latest uprisings that
have churned through North Africa and the Middle East, a crucial
region that's responsible for most of the world's crude exports.
Analysts say it's impossible to say how long it will take for upris-
ings to play out, but energy markets likely will be on edge through
the summer.

Analysts added that they're still concerned about unrest in

But prices paid for steel, plas-
tics, rubber and other raw

Algeria, which produces 1.8 million barrels per day, as well as
increasing threats facing Iraq's oil supplies. Militants set off bombs

TALL ORDER: In this Feb. 25, 2011 photo, a Boeing Co. employee works on a wing of a Boeing 767 air- :

materials rose for a third
straight month, a sign that
increasing production costs
could spark higher inflation.

"Growth may not be as
robust as we would like because
of these rising commodity
prices," said Brian Levitt, an
economist at Oppenheimer-
Funds. Pricier gas and food
reduce the amount of money
consumers can spend on dis-
cretionary items such as com-
puters and other electronics.
Manufacturers may also eat
some of the higher costs, which
would cut into profit margins,
Levitt said.

"While there are many posi-
tive indicators, there is also con-
cern as industries related to
housing continue to struggle
and the prices index indicates
significant inflation of raw
material costs across many
commodities," said Norbert
Ore, chair of the ISM's survey
committee. On Capitol Hill,
Federal Reserve Chairman Ben
Bernanke said Tuesday that ris-
ing energy prices "don't pose a
significant risk to the recovery
or to overall inflation."

But a prolonged rise in the
price of oil or other commodi-
ties would represent a "threat"
to economic growth, Bernanke
acknowledged. The price of
materials is another challenge
for the struggling construction
industry. The Commerce
Department said Tuesday that
spending by builders fell in Jan-
uary to a seasonally adjusted
annual rate of $791.8 billion.

That's slightly above the
decade low of $791.5 billion hit
in August, and about half of
the $1.5 trillion level that econ-
omists believe would signal a
healthy construction sector. It
could be another four years
before construction recovers to
that level, economists say.

Factories have rebounded at
a healthy clip since the reces-
sion ended in June 2009. Amer-
icans have resumed spending
on cars, appliances and other
big-ticket items and businesses
are investing in more industrial
machinery and other heavy
equipment. U.S. automakers
are reporting healthy sales
increases, after stumbling bad-
ly in the recession. General
Motors Co. said Tuesday that
its February sales soared 49
percent. Deere & Co., the
world's largest manufacturer of
agriculture equipment, said last
month that its quarterly net
income more than doubled as
rising prices for corn, wheat and
other crops encouraged USS.
farmers to buy new machinery.

The Institute for Supply
Management, based in Tempe,
Arizona, compiles its manufac-
turing index by surveying about
300 purchasing executives
across the country.

plane at Boeing Co.’s 767 assembly plant, in Everett, Wash. U.S. manufacturers expanded at the fastest :
pace in nearly 7 years last month, a sign that factories are still leading the economic recovery. i

COMMONWEALTH OF THE BAHARIAS 2008

IM THE SUPREME COURT CLE quis isso

Common Law ard Equity Side

RE-AMENDED NOTICE
The Petition of Juanita Butler in respect of:-

ALL THOSE pieces parcels or lots of land
designated on the plan laid out by Garden
Hill Estates Mo, 3 being Lot Numbers 347 and
8449 situate in the Sauthern District of the
Island of Mew Prowidence one of the Ishands
of the Commoanweahth of the Bahamas
bounded MORTHWARDLY by land mow or
farmerly the property of Garden Hill Estates
and running thereon EASTWARDLY by a
Thirty (20) feet Road Reservation called and
known 25 (Lily Lane and running thereon One
Hundredths and Ninety-three and Thirty-
seven Hundredths and Ninety-three and
Thirty-seven Hundredths (193.37) feet and
SOUTHWARDLY 8Â¥ Lot Number 241 and
running therean and WESTWARDLY by
partion of Numbers #18, 817, #16, 815, #i4
and running thereon,

Juanita Butler claims to be the awner of the fer
simple estate in possession of the said land and has applied
to the Supreme Court of The Bahamas under 5.3 of the
Qubating Tithes Act, 165 In the abowe action to have its title
to the said land investigated the nature and extent thereat
determined and declared in a Certificate of Title to be
Branted by the court in accordance with prowisions of the
jae Ao. Copies of the said plan may be indpected during
narmal office hours af the Registry of the Supreme Court,
East Street, ML.P., and at the Chambers of C.F. Butler &
Associates, Charles —. Carey Building, Dowdeswell Street,
Natsau, Bahamas

MOTICE IS HEREVEY GIVEN that any persan having
Gower of 2a fight to dower or any adverse claim not
recognized m the Partition shall before the 24° -daypettcsober
ADIOS 3" -dayet become AB 208o 77" day of April
4.0,, 2011 file in the said Registry of The Supreme Court and
serve the Petitioner or the abaye C.F. Butler & Associates a
thatement of such claen in the prescribed form verified by an
Affidavit to be filed herewith. Failure of any such person to

will operate as ia bar to such claim.

C.F. BUTLER & ASSOCIATES
Chambers

Mo. 7 Dennings Marar
Alic# Soreet

Nassau, The Bahamas

Atorneys for the Petitioner

in an attack on Iraq's largest refinery over the weekend.

Arawak Port Development — Request for Proposal for the
Terminal Management and Development of the Arawak Port
Bulk Terminal

Invitation to qualified Bahamian firms to submit proposals for providing bulk material
handling equipment and bulk handling services

Arawak Port Development was established in 2010 pursuant to a MOU between the
Bahamas Government and Arawak Port Development Ltd and for the purpose of
developing Arawak Cay into an international port facility serving the break bulk cargo,
bulk materials and containerized freight needs in New Providence. The port development
and operating agreement with the Government of The Bahamas provides Arawak Port
Development with exclusive rights to operate the port in New Providence for twenty
years and provides Arawak Port Development with a 45 year lease for the port property
on Arawak Cay.

In July 2010 Port construction began and is expected to conclude by December 2011. The
bulk material terminal operations are presently managed on temporary facilities. The port
plan describes the area designated for the port bulk terminal, comprising approximately
8 acres (A copy of the Bulk Terminal plot may be obtained from the APD Ltd office).
Arawak Port Development requires that bulk material construction begin on or before
April 15, 2011 and is completed by December 31", 2011.

The Terminal Operator will be expected to operate and invest in the bulk terminal facility.
On the basis of a mutually agreed upon formula, the Terminal Operator is permitted to
charge a bulk material handling fee which will serve to compensate the Terminal Operator
for any investments made in the facility and address all operating expenses. Arawak Port
Development will establish the rules and regulations on how to operate the bulk terminal.
The Terminal Operator will be required to conform to these requirements in order to
remain in good standing with Arawak Port Development. Should the Terminal Operator
fail to meet the minimum operating requirements and the agreement be terminated for
cause, Arawak Port Development will have the night to acquire all investments made by
the Terminal Operator. Among other equipment and facilities, the Terminal Operator will
be required to invest in a conveyor system which will connect the terminal berth to the
terminal’s customer loading area. The Terminal Operator will also be required to invest in
a bulk material containment facility and cement and bitumen storage facilities.

Terminal Operators interested in the providing the bulk material handling services in
the Arawak Port are invited to submit a proposal to include but not be limited to the
following:
1. Business structure; sole entity or a consortium of partners. Please explain
and provide background of consortium.

. Evidence that the applicant is licensed to provide bulk material handling
services in the Bahamas.

. Summary of current and historic experience in the bulk materials handling in
the Bahamas.

. The Arawak Port will not have exclusive rights to receive and handle bulk
materials shipped to New Providence. What volume of bulk material is the
applicant prepared to guarantee despite continued competition with other
bulk terminals in New Providence, most notably Clifton Pier.

. The strategy on how independence and service level is guaranteed for all
different users whom will import and export via the terminal.

. Evidence from any one or more of Royal Bank of Canada, First Caribbean,
Bank of The Bahamas, Royal Fidelity, Scotiabank or other recognized firm,
indicating the applicant’s ability to invest a minimum of $7 million on

demand.

Procedure:

Upon receipt and satisfactory analysis of the provided qualification criteria, Arawak
Port Development will provide the successful applicant(s) with detailed construction
requirements, the terms of reference for the use of the temporary facility and the Terminal
License agreement for the bulk terminal area. Shortlisted companies will be invited to
present their proposal on or before March 18th, 2011.

You are requested to hand deliver your submission to the office of Arawak Port
Development Ltd. Submissions must be received by March 11th, 2011.

Arawak Port Development
House of Mosko’s Building
Corner of Bay & Victoria Street.



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



PAGE 6B, WEDNESDAY, MARCH 2, 2011

THE TRIBUNE





GM leads auto sales jump

DEE-ANN DURBIN,
AP Auto Writers
TOM KRISHER,
AP Auto Writers
DETROIT

The USS. auto sales recovery
picked up steam last month
with all major car companies
reporting double-digit gains.

General Motors Co. led the
way with a whopping 49 per-
cent US. sales jump compared
with February of last year, fol-
lowed closely by Toyota Motor
Corp. with a 42 percent gain.

Nissan Motor Co. and Hon-
da Motor Co. had gains of 32
percent and 22 percent, while
Hyundai Motor Co. sales went
up 28 percent.

Chrysler Group LLC and
Ford Motor Co. showed much
smaller increases, but Chrysler
sales were still strong with a 13
percent increase and Ford came
in at 10 percent.

The companies said Tuesday
that consumers snapped up
both cars and trucks, buoyed
by a gradually improving econ-
omy, and the U.S. automakers
pointed to strong sales of new
models. But the sales gains,
especially for GM, were Juiced
by sweeter financing and lease





(AP Photo/Paul Sancya)
MODEL DESIGN: In this Jan. 12, 2011 photo, a third generation
Toyota Prius is shown at the North American International Auto
Show in Detroit. Toyota Motor Corp. said Tuesday, March 1, 2011, its
U.S. sales jumped 42 percent last month, making up for ground lost

last year from a series of safety recalls.

deals. While analysts weren't
ready to declare a price war —
and GM denied starting one —
they noted an increase in the
deals customers were offered.
The auto industry website
TrueCar.com estimated that
automakers raised incentives 5
percent from January to Feb-
ruary to an average of $2,708
per vehicle. Chrysler, Ford, Nis-
san and Toyota all sweetened
deals by more than 6 percent
for the month, the site said.

Legal Notice

INTERNATIONAL BUSINESS COMPANIES ACT
(No.45 of 2000)

ACEWAY SERVICES S.A.

In Voluntary liquidation











“Notice is hereby given that in accordance with Section
137 (4) of the International Business Companies Act
(No. 45 of 2000), ACEWAY SERVICES S.A. is in







Dissolution.”

The date of commencement of dissolution is the
18th day of February, 2011.






Epsilon Management Ltd.

Suite 13, First Floor, Oliaji Trade Centre
Francis Rachel Street, Victoria, Mahe
Republic of Seychelles
Liquidator















NOTICE
RBC FINCO INVITES TENDERS






RBC FINCO invites tenders for the purchase of the following:




“All THAT” piece parcel or lot of land being Lot #1, Harold Road
Heights, situated in the Western District of New Providence one of
the Islands of the Commonwealth of the Bahamas. Situated thereon








is an undevelopement property.

Property Size: 8,512 sq. ft.




This property is being sold under Power of Sale contained in a
Mortgage to FINANCE CORPORATION OF BAHAMAS







LIMITED.

All offers should be forwarded in writing in sealed envelope,
addressed to the Manager, Royal Bank Collections Centre, P.O.
Box N-7549, Nassau, Bahamas and marked “Tender 0381”. All
offers must be recetved by the close of business 4:00 p.m., Friday











4" March, 2011.

RBC
B) FINCO

NOTICE
RBC FINCO INVITES TENDERS

RBC FINCO invites tenders for the purchase of the following:

“All THAT” piece parcel or lot of land being Lot #6, West
Carmichael Meadows Subdivision, situated in the Western District
of New Providence, one of the Islands of the Commonwealth of the
Bahamas. Situated thereon is a single Family Residence consisting

of a 3 Bedrooms and 2 Bathrooms.

Property Size: 6,085 sq. ft.
Building Size: 1,160 sq. ft.

This property is being sold under Power of Sale contained in a
Mortgage to FINANCE CORPORATION OF BAHAMAS

LIMITED.

All offers should be forwarded in writing in sealed envelope,
addressed to the Manager, Royal Bank Collections Centre, P.O.
Box N-7549, Nassau, Bahamas and marked “Tender 2001”. All
offers must be recetved by the close of business 4:00 p.m., Friday
18" March, 2011.

And the industry's enthusi-
asm for a fast start to 2011 is
tempered somewhat by a rapid
increase in gas prices, due to
both increased demand and a
jump in oil prices amid unrest
in the Middle East.

Also Toyota's gain, while
impressive, was compared with
a bad month last year when a
string of embarrassing safety
recalls had reached its peak.

Still, the gains for February
were so strong that Ford's top

with 49 percent increase

sales analyst told reporters the i
sales rate, when adjusted for }

:? DAVID McHUGH,

seasonal differences and pro- }

jected out for a full year, may ; AP Business Writer

be the highest since the gov- | FRANKFURT, Germany

ernment's Cash for Clunkers i

rebates juiced sales in the sum-
mer of 2009.

vice president of U'S. sales, said
GM boosted incentives early in
the year to get off to a fast start
and catch competitors off

ary, leading to sales of more ; ; —
; just when to start raising rates,

But Johnson predicted GM ? even if it decides to issue a sterner inflation statement.

would back off on incentives } ; , : _ Ol ;
: stressed that inflationary pressures are increasing in Europe's

than 207,000 cars and trucks.

later in the year.

Automakers have attempted }
to wean themselves of incen- i
tives, trying to sell cars and }
? worries.
improved quality, not how }
: Trichet will officially shift the bank's rhetoric from a Feb. 14

? assessment that inflation risks are "balanced."

Incentives on average had }
been falling since the industry } tion following the recent sharp rise in oil prices, markets may
ran into financial trouble in : have to adjust their expectations for when rates might go up. At
? the moment, the markets are pricing in the first rate increase
: toward the end of this year, even though inflation is currently

i running above the bank's target.

trucks based on how much they

much they shaved off the stick-
er price.

2009.

Legal Notice

INTERNATIONAL BUSINESS COMPANIES ACT
(No.45 of 2000)

TULSA INVESTMENT LTD

Notice is hereby given that in accordance with Section

137 (4) of the International Business Companies Act
(No. 45 of 2000) TULSA INVESTMENT LIMITED has
been dissolved and struck off the Register according

to the Certificate of Dissolution issued by the Registrar
General on the 24th day of December, 2010.

Tobias Reinmann
18 Rue le Corbusier
1208 Geneva
Switzerland
Liquidator

RBC
FINCO

NOTICE
RBC FINCO INVITES TENDERS

RBC FINCO invites tenders for the purchase of the following:

“All THAT” piece parcel or lot of land being Lot #1605, Pinewood
Gardens, situated in the Southern District of New Providence, one
of the Isalnds of the Commonwealth of the Bahamas. Situated
thereon is a Single Family Residence consisting of a 4 Bedrooms

adn 2 Bathrooms.

Property Size: 5,000 sq. ft.
Building Size: 1,198 sq. ft.

This property is being sold under Power of Sale contained in a
Mortgage to FINANCE CORPORATION OF BAHAMAS

LIMITED.

All offers should be forwarded in writing in sealed envelope,
addressed to the Manager, Royal Bank Collections Centre, P.O.
Box N-7549, Nassau, Bahamas and marked “Tender 1746”. All
offers must be received by the close of business 4:00 p.m., Friday

18% March, 2011.

RBC
FINCO

NOTICE
RBC FINCO INVITES TENDERS

RBC FINCO invites tenders for the purchase of the following:

“All THAT” piece parcel or lot of land being Lot #803, Yellow
Elder Gardnes Height, situated in the Western District of New
Providence, one of the Islands of the Commonwealth of the
Bahamas. Situated thereon is a Single Family consisting of a 4

Bedrooms and 2 Bathrooms.

Property Size: 4,800 sq. ft.
Building Size: 1, 654 sq. ft.

This property is being sold under Power of Sale contained in a
Mortgage to FINANCE CORPORATION OF BAHAMAS

LIMITED.

All offers should be forwarded in writing in sealed envelope,
addressed to the Manager, Royal Bank Collections Centre, P.O.
Box N-7549, Nassau, Bahamas and marked “Tender 2343”. All
offers must be received by the close of business 4:00 p.m., Friday

18" March, 2011.

i day's European Central Bank
At GM, Don Johnson, GM's }
? bank is sharpening its warn-
? ing about inflation — a shift in
: message that could eventually

i pave the way for interest rates
guard. The automaker started { to 90 up sooner than expected.
the increases in January by rais- }
ing incentives $400 per vehicle } recession still shaky and the
ae parce ae Nee ? government debt crisis still not
Ow-lnterest tinancing and lease fF solved, however, the bank
deals in Northeastern states. It { :
: : ? may want to leave itself as
stuck with the deals in Febru- } ;
? much leeway as possible on

SG MMI Gila)
CUS aay

ERATE



Markets will watch Thurs-

meeting closely for signs the



With the recovery from

INTERNATIONAL
BUSINESS

Recent public statements from top bank officials have
economy, as growth picks up in Germany and prices for food,
raw materials and oil rise around the world. Sharply higher oil
prices due to turmoil in the Arab world have intensified those

The question now is whether bank President Jean-Claude

If he says the risk is now tilted in the direction of higher infla-

The bank has left its key refinancing rate at a record low of

1 percent since May 2009.

Speculation

There is growing market speculation that the bank may also

: say something Thursday about how it intends to get Europe's
? wobbly banks weaned off emergency credits, particularly its
? unlimited three-month handouts. The ECB has twice indicat-
? ed it wanted to end that measure, only to back off as Europe's
? government debt crisis flared.

The bank has also had to play a pivotal role in keeping

Europe's banking system afloat since the financial crisis explod-
? ed in the summer of 2007.

With debt crisis panic somewhat in abeyance, despite ongo-

i ing pressures in the bond markets, attention Thursday should
? focus on what Trichet says about inflation in his monthly news
? conference following the interest rate decision.

Bank officials may be hoping that a credible threat they

i might raise rates will in itself help slow inflationary expectations.
? Inflation is partly an expectations game as businesses raise
? prices and workers demand higher wages because they think
? prices will keep going up — dreaded "second-round effects"
? that can build into a wage-price spiral.

So a threat of higher rates, while it can't reduce the price of

? oil and food commodities over a few weeks or months, could be
? aimed at preventing spiralling expectations over the long term.

"Members of the ECB Council have clarified that the central

: bank cannot and does not intend to do anything about a tem-
? porary rise in inflation triggered by higher commodity prices,"
? said economist Michael Schubert at Commerzbank. "Howev-
? er, it will pull out all the stops to avoid second-round effects,
? such as overly high growth in wages."

Inflation has recently been running ahead of the bank's

i fiercely guarded goal of less than but close to 2 percent a year.
? It hit 2.4 percent in February for the countries that use the euro,
? up from 2.3 percent in January. Higher oil and food prices
? have been largely to blame for the recent uptick.

Inflation fears have intensified due to the turmoil in the

i Arab world, where mass protests have toppled longtime rulers
? in Egypt and Tunisia and led to an uprising against Moammar
? Ghadafi's rule in Libya. Though the recent interruption in
? production from Libya can be made up by spare capacity from
? other oil-producing countries, jitters that Saudi Arabia in par-
? ticular may face its own uprising sent European benchmark
: Brent crude close to $120 a barrel last week. On Tuesday, a bar-
? rel of Brent remained elevated near $114 a barrel.

Central banks typically raise interest rates as economies

i grow out of recession to prevent inflation. The timing can be
? tricky because increases that come too soon can stunt the
? recovery by raising borrowing costs for businesses and con-
? sumers. So Trichet may issue a stiffer warning to help deter sec-
? ond-round effects, while keeping the bank's options open on
? when exactly to start raising rates.

That would give him some room to change course and delay

i rate hikes, if higher oil prices threaten Europe's recovery.

"Central bankers know too well that the current inflation is

i deflationary rather than inflationary," says ING senior econo-
? mist Carsten Brzeski. "High energy and food prices have the
? potential to choke off private consumption, preventing the
? recovery from broadening in 2011."

RBC
B] FINCO

NOTICE
RBC FINCO INVITES TENDERS

RBC FINCO invites tenders for the purchase of the following:

“All THAT” piece parcel or lot of land being Lot #5, Blk#3, Coral
Height West, situated in the Western District of New Providence,
one of the Islands of the Commonwealth of the Bahamas. Situated
thereon is a Single Family Residence consisting of a 3 Bedroom
and 2 Bathrooms.

Property Size: 10,799 sq. ft.

Building Size: 1,685 sq. ft.

This property is being sold under Power of Sale contained in a
Mortgage to FINANCE CORPORATION OF BAHAMAS
LIMITED.

All offers should be forwarded in writing in sealed envelope,
addressed to the Manager, Royal Bank Collections Centre, P.O.
Box N-7549, Nassau, Bahamas and marked “Tender 2697”. All
offers must be received by the close of business 4:00 p.m., Friday
18" March, 2011.



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



THE TRIBUNE

WEDNESDAY, MARCH 2, 2011, PAGE 7B



GLOBAL ECONOMIC NEWS/AP

A look at economic developments and activity in
major stock markets around the world Tuesday:

CAIRO — An almost 7 percent plunge in Saudi Arabia's stock
market and Egypt's decision to further delay the restart of Cairo's
exchange — which has already been shuttered for over a month —
spotlight the impotence of Arab governments in managing the
political and economic fallout from the protests engulfing the
Mideast.

Across the region, governments have pledged billions of dollars
in new assistance for their neediest citizens in a frantic bid to pre-
empt the kind of demonstrations that led to the ouster of Tunisi-
a's president and then his Egyptian counterpart.

But the money has failed to appease a population in a region
where unemployment is rife, poverty even more pronounced and
the majority of the population is below the age of 30.

SHANGHAI — China's manufacturing boom slowed to a six-
month low in February as authorities tightened controls on cred-
it to cool inflation and factories eased output, especially of food and
textiles.

A weeklong holiday for the Lunar New Year was partly to
blame, said the state-affiliated China Federation of Logistics and
Purchasing, which releases the measure.

Despite declining for three months, the reading has remained
above 50, the benchmark for expansion, for two straight years.

LONDON — Renewed jitters in oil markets weighed on Euro-
pean stocks despite a forecast-busting U.S. manufacturing survey
and few indications from Federal Reserve Chairman Ben Bernanke
that he's willing to back higher interest rates anytime soon.

The FTSE 100 index of leading British shares closed down 1 per-
cent, Germany's DAX fell 0.7 percent and the CAC-40 in France
ended 1.1 percent lower.

TOKYO — Earlier in Asia, Wall Street's recovery Monday
boosted sentiment with most key benchmarks closed higher.
Japan's Nikkei 225 stock average closed up 1.2 percent, Hong
Kong's Hang Seng ended up 0.3 percent and China's benchmark
Shanghai Composite Index rose 0.5 percent.

LONDON — The recently agreed tax cuts in the US. will help
Europe's economic recovery pick up some steam this year despite
rising energy costs and debt troubles in a number of countries
that use the euro, the EU's executive said.

However, inflation is also on the rise amid sky-high oil prices due
to the turmoil sweeping across the Middle East and North Africa,
the European Commission warned.

In the latest projections, economic growth in 2011 is expected to
be somewhat stronger than anticipated last autumn as Europe's
larger exporting nations enjoy better demand from the USS.

FRANKFURT, Germany — Germany's central bank gave its
blessing for Chancellor Angela Merkel's former economic advis-
er, Jens Weidmann, to become its new president.

In his new job, Weidmann will have a seat on the European Cen-
tral Bank's governing council.

Weidmann is replacing Axel Weber, who is stepping down a year
before his eight-year term expires.

TOKYO — Japan's jobless rate held steady in January but con-
sumer spending fell from a year ago, underscoring the fragility of
its economic recovery as a political battle rages over the next
national budget.

TORONTO — Canada's central bank left its key interest rate
unchanged for the fourth consecutive time, and reiterated that
any hikes in the future would have to be carefully considered.

The Bank of Canada, which held its benchmark rate at 1 percent,
said the global recovery is proceeding in line with the bank's pro-
jections, but the risks remain elevated.

MADRID — Spain's finance minister says the country has sur-

TRIAC INVESTMENTS LTD.

VOLUNTARILY LIQUIDATED

Notice is hereby given that in accordance with
Section 137 (8) of the International Business
Companies Act 2000 the Dissolution of TRIAC
INVESTMENTS LTD. has been completed, a
Certificate of Dissolution has been issued and
the Company has therefore been struck off the
Register of Companies.

The Date of the Completion of dissolution was the
27" January 2011.



David Thain
Liquidator

MANCINI ENTERPRISES LTD

VOLUNTARILY LIQUIDATED

Notice is hereby given that in accordance with
Section 137 (8) of the International Business
Companies Act 2000 the Dissolution of
MANCINI ENTERPRISES LTD as_ been
completed, a Certificate of Dissolution has been
issued and the Company has therefore been struck
off the Register of Companies.

The Date of the Completion of dissolution was the
27" January 2011.



David Thain
Liquidator

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



es Pik rr i

(AP Photo/Khalil Hamra, File)
BASKET ECONOMY: In this Jan. 31, 2011 file photo, consumers shop at
the Hiber Market in the outskirts of Cairo, Egypt.

passed its deficit-reduction goal for 2010 even though some region-
al governments overspent.

BERLIN — Germany's unemployment rate dipped to 7.9 per-
cent in February as harsh winter weather eased and Europe's
biggest economy kept on creating jobs.

ISLAMABAD — Pakistan hiked oil prices by 9.9 percent, a
move that threatens the stability of the fragile, U.S.-allied civilian
government at a time of economic turmoil in the impoverished
country.

Spikes in international oil market prices — spurred by uprisings
in Libya and other parts of North Africa and the Middle East —
forced the raise in Pakistani prices, said a spokesman for the coun-
try's oil regulator.

LONDON — Fitch Ratings cut its rating on Libya for the sec-
ond time in just over a week, citing increasingly chaotic political and
economic conditions in the oil-rich North African country.

The agency reduced its rating on Libya to junk status.

BRUSSELS — The European Union's justice commissioner

HABAKKUK INVESTMENT LTD.
VOLUNTARILY LIQUIDATED
Notice is hereby given that in accordance with

Section 137 (8) of the International Business
Companies Act 2000 the Dissolution of

HABAKKUK INVESTMENT LTD. has been
completed, a Certificate of Dissolution has been
issued and the Company has therefore been struck

off the Register of Companies.

The Date of the Completion of dissolution was the
27" January 2010.



David Thain
Liquidator

WINCHESTER HOLDINGS LTD
VOLUNTARILY LIQUIDATED

Notice is hereby given that in accordance with
Section 137 (8) of the International Business
Companies Act 2000 the Dissolution of
WINCHESTER HOLDINGS LTD has been
completed, a Certificate of Dissolution has been
issued and the Company has therefore been struck
off the Register of Companies.

The Date of the Completion of dissolution was the
7" of July 2010



David Thain
Liquidator

CLEARWATER MANAGEMENT LIMITED
VOLUNTARILY LIQUIDATED

Notice is hereby given that in accordance with
Section 137 (8) of the International Business
Companies Act 2000 the Dissolution of
CLEARWATER MANAGEMENT LIMITED
been completed, a Certificate of Dissolution has
been issued and the Company has therefore been
struck off the Register of Companies.

The Date of the Completion of dissolution was the
23" of November 2009.



David Thain
Liquidator



asked publicly listed companies to appoint more women to cor-
porate boards and threatened them with imposed quotas if they
don't.

ABIDJAN, Ivory Coast — Ivory Coast's government banned
residents from filling jerrycans with gas as fears of a shortage
grow amid the deepening political crisis.

The West African nation is girding itself for shortages and an
economic slowdown after sanctions were slapped on the coun-
try's incumbent leader, Laurent Gbagbo, who is refusing to step
down. The European Union has banned ships from docking at
Abidjan's port and gas stations are seeing their fuel supplies dwin-
dle. Several gas stations have already closed.

BEIJING — A top engineer in China's powerful Railway Min-
istry has been fired amid a widening corruption probe that has
already brought down the minister, state media reported.

BAGHDAD — Iraq's oil exports climbed to their highest lev-
el in February since the 2003 U.S.-led invasion, boosted by a
resumption in exports from the semiautonomous Kurdish region
in the north, a senior oil official said.

The country, which overwhelmingly relies of oil revenues for its
budget, also benefited from the spike in higher crude prices trig-
gered by the violent uprising in Libya that has led to a 50 percent
cut in production from that OPEC member.

BEIJING — The US. government labeled China's top search
engine, Baidu, and a popular e-commerce platform "notorious
markets" linked to sales of pirated and fake goods.

The two companies were among 33 websites or public markets
in China, Russia, India and other countries that the U.S. Trade
Representative's office said facilitate trade in music, clothing and
other goods that are fake or unauthorized copies.

VIENNA — Austria's National Bank ordered the freezing of
assets belonging to Libyan leader Moammar Gadhafi and his
entourage in line with EU sanctions.

GUANGZHOU, China — Inflation is one of the biggest con-
cerns for foreign companies operating in booming southern China,
according to an annual survey released by a major U'S. business
group. Just over half of about 400 member companies polled by the
American Chamber of Commerce in southern China reported
that rising prices would have a negative impact on business this
year.

SENTA HOLDINGS LIMITED
VOLUNTARILY LIQUIDATED

Notice is hereby given that in accordance with
Section 137 (8) of the International Business
Companies Act 2000 the Dissolution of SENTA
HOLDINGS LIMITED has been completed,
a Certificate of Dissolution has been issued and
the Company has therefore been struck off the
Register of Companies.

The Date of the Completion of dissolution was the
23" of October 2009.



David Thain
Liquidator



REFORMATION LTD.
VOLUNTARILY LIQUIDATED

Notice is hereby given that in accordance with
Section 137 (8) of the International Business
Companies Act 2000 the Dissolution of
REFORMATION LTD. has been completed,
a Certificate of Dissolution has been issued and
the Company has therefore been struck off the
Register of Companies.

The Date of the Completion of dissolution was the
8" of April 2010.



David Thain
Liquidator

LIMPIT HOLDING LTD.

VOLUNTARILY LIQUIDATED

Notice is hereby given that in accordance with
Section 137 (8) of the International Business
Companies Act 2000 the Dissolution of LIMPIT
HOLDING LTD. has been completed, a
Certificate of Dissolution has been issued and
the Company has therefore been struck off the
Register of Companies.

The Date of the Completion of dissolution was the
27" January 2011.



David Thain
Liquidator







PAGE 8B, WEDNESDAY, MARCH 2, 2011

THE TRIBUNE





Bernanke seeks to ease — PARTISAN POLITICS
lawmakers' inflation fears

JEANNINE AVERSA,
AP Economics Writer
WASHINGTON

Federal Reserve Chairman
Ben Bernanke boldly predicted
to Congress on Tuesday that
rising oil prices will cause only a
brief and modest rise in con-
sumer inflation.

If he's wrong, as some law-
makers suggested to him, the
risks are high: a weaker econo-
my and elevated consumer
inflation.

Bernanke's credibility is at
stake, too. His duties as Fed
chief require a balancing act:
Leading the economy to
stronger growth while making
sure inflation doesn't rise too
high.

Appearing before the Sen-
ate Banking Committee,
Bernanke faced sharp questions
about whether rising gasoline
prices could spread dangerous
inflation through the economy.
He said he did not think so.

"The most likely outcome is
that the recent rise in com-
modity prices will lead to, at
most, a temporary and rela-
tively modest increase in USS.
consumer price inflation,"
Bernanke said.

Still, persistently higher
prices could shake consumer
confidence, prompting con-
sumers to reduce spending.
And that would weaken the
economy, he acknowledged.



(AP Photo/Alex Brandon)

BOLD PREDICTION: Federal Reserve Chairman Ben Bernanke gives the
Semiannual Monetary Policy Report to Congress while testifying on
Capitol Hill in Washington, Tuesday, March 1, 2011, before the Sen-

ate Banking Committee.

weekend to a new nationwide
average of $3.37 a gallon. That's
26.7 cents a gallon more than a
month ago. Food prices in Jan-
uary rose at the fastest since
the fall of 2008.

Gas prices jumped over the

PUBLIC NOTICE

INTENT TO CHANGE NAME BY DEED POLL

The Public is hereby advised that |, STANLIA
DUROGENE of Garden Hills #2, Nassau, Bahamas,
intend to change my name to STANLIA COAKLEY.
If there are any objections to this change of name
by Deed Poll, you may write such objections to
the Chief Passport Officer, RO.Box N-742, Nassau,
Bahamas no later than thirty (80) days after the date
of publication of this notice.


























NOTICE

MARAIS LIMITED

NOTICEIS HEREBY GIVEN as follows:
(a) MARAIS LIMITED is in voluntary dissolution under
the provisions of Section 137 (4) of the International
Business Companies Act 2000.

(b) The dissolution of the said company commenced
on the 24th January, 2011 when the Articles

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

The Liquidator of the said company is Blue Seas
Administration Ltd., The Bahamas Financial
Centre, Shirley & Charlotte Streets, Nassau,
Bahamas

Dated this 2nd day of March, A. D. 2011



Blue Seas Administration Ltd.
Liquidator

ROYAL FIDELITY

Moray al Work



Sen. Patrick Toomey, R-
Penn., called the rise in com-
modity prices “stunning.”
Toomey said he worries about
the effects of those higher
prices, combined with the Fed's
efforts to boost the economy
through a Treasury bond-pur-
chase program. Toomey said
they might be "planting the
seeds of serious inflation down
the road."

Bernanke defended the Fed's
$600 billion Treasury bond-buy-
ing program. He said it is still
needed to energize the econo-
my and reduce unemployment,
now at 9 percent. The bond-
buying program is intended to
lower rates on loans and lift
stock prices, spurring more
spending and invigorating the

economy. The purchases are
scheduled to end in June.

Republicans in Congress and
some Fed officials say they fear i

the bond purchases could trig-

ger high inflation and a wave }
of speculative buying on Wall :
Street that could lead to new
bubbles in the prices of assets i

like stocks and bonds.

"Once price stability has }
been lost, it is difficult and very }

costly to regain," warned Sen.

Richard Shelby of Alabama, :

the panel's top-ranking Repub-
lican. Shelby pointed to the tox-

ic situation in the late 1970s and }
1980s when inflation hit dou- :
ble digits. To combat out-of-
control prices, Fed Chairman }
Paul Volcker ratcheted up :
interest rates. Unemployment ;
soared. And the economy fell :

into a deep recession.
Bernanke said the rise in oil
and global commodities prices

was due to stronger demand }
from fast-growing countries like }
China, not to the Fed's stimu-
lative policies. But he ran into
concerns from Democrats as }
well as Republicans on the }

committee.
"T see food prices rising,"

said Sen. Robert Menendez, D- :

N.J. "I see gas prices rising even
before what was happening in

North Africa, although that cer- i
tainly is an exacerbating reality. i
Tuition rates rising... [justseea }
combination of rising prices for

the average family.”

One reason the Fed launched :
the bond-buying program in }

November was to prevent

deflation — a prolonged drop }

in prices of goods, wages and

THREATEN PENDING
~ US TRADE DEALS

i JULIE PACE,
Associated Press
i WASHINGTON

The Obama administra-
? tion cast international trade
i aS an essential element of
? economic growth and job
i creation Tuesday, as it tries
: to break through partisan
wrangling that threatens to
: derail a pivotal trade agree-
i ment with South Korea.

In an annual policy report
i released by the Office of



INTERNATIONAL
BUSINESS

i Trade Representative Ron
i Kirk, the administration said
: that trading with overseas
i partners would directly sup-
? port 6,000 jobs in the U.S. for every $1 billion in goods
i exported and another 4,500 jobs for every $1 billion in ser-
? vice exports.

With President Barack Obama's reelection prospects
: likely to hinge in part on his ability to bring down the
i nation's unemployment rate, officials say expanding trade
? agreements will be a top administration priority in 2011.
The White House had hoped to gain bipartisan support for

i that effort.

Republican lawmakers have traditionally backed free

trade agreements, and Obama won rare Republican praise
i after signing the highly-sought agreement in South Korea in
: December.

The White House said that agreement would create tens
i of thousands of jobs.

But the White House and congressional Republicans are
? at odds now over how to proceed with the South Korea deal,
: as well as pending agreements with Colombia and Panama.
The U.S. signed the agreement with Colombia in 2006 and
i the accords with Panama and South Korea in 2007. But
they do not go into effect until they are approved by the
: House and the Senate.

values of homes and stocks. But i

Bernanke told lawmakers that }
the risk of deflation has become i

"negligible."

Political upheaval in the Mid-

dle East has caused oil and
gasoline prices to march higher,

Bernanke said. Still, the Fed
chief said he and a majority of }
his colleagues say they believe }
the situation won't cause out-

of-control inflation.

NOTICE

NOTICE is hereby given that HOLLY ALEXANDRA
WALLACE of WEST BAY STREET, P.O. BOX CB-
11170, BAHAMAS is applying to the Minister responsible for

Nationality and Citizenship, for registration/naturalization as a citizen
of The Bahamas, and that any person who knows any reason why
registration/naturalization should not be granted, should send a
written and signed statement of the facts within twenty-eight days
from the 2" DAY of MARCH, 2011 to the Minister responsible
for nationality and Citizenship, P.O. Box N-7147, Nassau,



NOTICE

NOTICE is hereby given that FANEL ETIENNE of FIRE
TRAIL ROAD 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 2"? day of March, 2011 to the Minister responsible for
nationality and Citizenship, P.O. Box N-7147, Nassau, Bahamas.

TUESDAY, 1 MARCH 2011

BISX ALL SHARE INDEX: CLOSE 1,461.87 | CHG -3.19 | %CHG -0.22 | YTD -37.64 | YTD % -2.51
FINDEX: CLOSE 000.00 | YTD 00.00% | 2009 -12.31%
WwWwwWw.BISXBAHAMAS.COM | TELEPHONE:242-323-2330 | FACSIMILE: 242-323-2320

S2wk-Low
0.95
8.05
4.40
OAF
2.70
1.96

Securit _y
AML Foods Limited
Bahamas Property Fund
Bank of Bahamas
Benchmark

Bahamas Waste

Fidelity Bank

Cable Bahamas

Colina Holdings
Commonwealth Bank (S1)
Consolidated Water BDRs
Doctor's Hospital
Famguard

Finco

FirstCaribbean Bank
Focol (S)

Focol Class B Preference
ICD Utilities

J. S. Johnson 9.82
Premier Real Estate 10.00

10.63
4.40
0.18
2.70
2AF

10.21
2.40
6.80
2.18
1.40
6.25
6.25
8.39
5.48

9.44
2.35
5.80
1.80
1.40
5.25
6.25
B.7F
4.57
1.00
5.50
9.80
10.00

1.00
7.40

Previous Close Today's Close

Change Daily Vol.

10.63
4.40

0.00.
0.00.
0.00.
0.00.
=O.21
0.00.
0.00
0,00.
-0.07
0.00,
0.00.
0.00
0.00
0,00.
0,00.
0,00.
0,00
0.00.

0.18
2.70
1.96
10.24
2.40
6.80
2.11
1.40
5.25
6.25
3.39
5.48
1.00
7.40
9,82
10.00

EPS $

= FG
S

CAPITAL MARKETS
BROKERAGE & ADVISORY SERVICES

cre ca we AT.

Div $
0.123
0.013
0.153
O.877
0.168
0.016
1.050
0.781
0.488
0.114
0.107
0.357
0.682
0.494
0.452
0,000.
0.012
0.859.
1.207

B.2
19.0
12.1
N/M
616.7
11.4
8.3:

Approval

The administration wants Congress to give final approval
: to the South Korea pact quickly, while it simultaneously
? works through outstanding issues with Panama and Colom-
i bia. But some Republicans argue the smaller trade deals with
? Colombia and Panama are ready for congressional approval
? now, and want the White House to send all three to Capitol
: Hill at the same time.

i The leader of the House, Speaker John Boehner, made
i that case directly to the president during a White House
i lunch last month.

: Thus far, the administration is showing little willingness to
i compromise on its position. In the report released Tuesday,
: the administration reiterated its desire for lawmakers to
i approve the South Korea deal "as soon as possible" while
? working to resolve outstanding issues with Colombia and
i Panama by the end of the year.

: The report cited continuing concerns over Colombia's
i recognition of labor rights and protection of union leaders,
: and Panama's tax transparency rules.

i Officials say progress is being made on both agreements.
? Panamanian officials have met with U.S. counterparts in
; Washington in recent weeks, including a White House meet-
: ing with Panama's vice president. U.S. officials have also held
i meetings on labor issues with Colombian officials.

: During a trip to Bogota last month, Senate Finance Com-
i; mittee Chairman Max Baucus, a Democrat, said that while
: Colombia has made progress in protecting union leaders
i from violence, more work remains.

i "Labor rights must be strengthened, violence must be
i reduced and the perpetrators of violence must be identified
? and punished," Baucus said.

i Kirk is scheduled to testify on all three agreements before
; the committee next week.

NOTICE

NOTICE is hereby given that RICARDO JEAN BAPTISTE
of Minnie Street, P.O.Box N2237, NASSAU, BAHAMAS,
is applying to the Minister responsible for Nationality and
Citizenship, for registrationaturalization 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 22"4 day of February, 2011 to the Minister responsible for
nationality and Citizenship, PO. Box N-7147, Nassau, Bahamas.

NOTICE is hereby given that NISSAGE DENAVE of
SPANISH WELLS, ELEUTHERA, BAHAMAS is applying

to the Minister responsible for Nationality and Citizenship, for
registration/naturalization as a citizen of The Bahamas, and that any
person who knows any reason why registration/naturalization should
not be granted, should send a written and signed statement of the
facts within twenty-eight days from the 2" DAY of MARCH,
2011 io the Minister responsible for nationality and Citizenship,
P.O. Box N-7147, Nassau, Bahamas.

PUBLIC NOTICE

INTENT TO CHANGE NAME BY DEED POLL

The Public is hereby advised that |, GLENN NATHAN
ARTHUR of Nassau, Bahamas, intend to change my
name to GLENN NATHAN ROBINSON. If there are any
objections to this change of name by Deed Poll, you
may write such objections to the Chief Passport Officer,
P.O.Box N-742, Nassau, Bahamas no later than thirty (30)
days after the date of publication of this notice.

BISX LISTED DEBT SECURITIES - (Bonds trade on a Percentage Pricing basis)
Security Symbol Change Daily Vol.
Bahamas Note 6.95 (2029) BAH29
Fidelity Bank Note 17 (Series A) +
Fidelity Bank Note 22 (Series B) + 100.00
Fidelity Bank Note 13 (Series C) + 100.00
Fidelity Bank Note 15 (Series D) + FBB15 100.00 \
RoyalFidelity Merchant Bank & Trust Ltd. (Over-The-Counter Securities)

Symbol Bid & Ask & Last Paice Daily \ei.
Bahamas Supermarkets N/A N/A
RND Holdings

52wk-Hi__5S2wk-Low,
99.46
100.00
100.00
100.00
100.00

Interest
6.95%
7%
Prime + 1.75%
7%
Prime + 1.75%

Last Sale Maturity
20 November 2029
19 October 2017
19 October 2022
30 May 2013
29 May 2015

99.46
FBB17 100.00
FBB22

FBB13.

S2wkvow EPS $ P/E
-2.945

0.001

Div &
0.000
0.35 0.40 0.55, 0.000
CFAL Securities Ltd. (Over-The-Counter Securities)
30.13 31.59 29.00
0.45 0.55 0.55
BISX Listed Mutual Funds
NAV YTD% Last 12 Months %
1.5179 5.51% 6.90%
2.9527
1.5837
2.7049
13.4164
114.3684
106.5528
1.1465
1.1185
1.1491

ABDAB
RND Holdings

4.540
0.002

0.000
0.000

NAV 3MTH
1.498004
2.918697
1.564030

NAV GMTH
1.475244
2.910084
1.545071

Fund Name
CPFAL Bond Fund
CPFAL MSI Preferred Fund
CPFAL Money Market Fund
Royal Fidelity Bahamas G & | Fund

1.4076
2.8300
1.5141
2.8522
13.0484
101.6693
99.4177
1.0000,
1.0000
1.0000
9.1005

0.18%
0.61%
-0.56%
0.44%
9.98%
4.75%
5.20%
4.73%
5.35%

1.61%
4.59%
-15.54%
-0.10%
12.49%
7.18%

31-Jan-11
11-Feb-11
31-Jan-11
31-Jan-11
30-Jun-10
30-Sep-10
31-Dec-10
31-Dec-10
31-Dec-10

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

109.392860
100.779540

107.570619
105.776543
5.20%

4.73%

5.35%

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

9.7950 4.85% 5.45% 30-Nov-10
10.0000
10.6417 -1.20% 0.50% 30-Nov-10
9.1708
10.1266 1.27%
8.4510 0.72%
MARKET TERMS
YIELD - last 12 month dividends divided by closing price
Bid $ - 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 eamings per share for the last 12 mths
NAV - Net Asset Value
N/M - Not Meaningful

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

1.27%
9.95%

31-Jan-11
4.8105 31-Jan-11
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

KS1) - 3-for-1 Stock Split - Effective Date 7/11/2007



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

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



THE TRIBUNE

March

ARCH is the last
| \ / month of winter and
signals the end of

cool weather vegetables like
spinach, garden peas and let-
tuce. The warmer weather,
however, gives ideal condi-
tions for sowing watermelons
that will ripen during the
hottest months.

Large tomatoes can still be sown
but a better choice would be Ital-
ian- type plum tomatoes lke
Roma or San Marzano. These
endure heat better than most
tomatoes and can take us into sum-
mer. The local farmers are all
growing Big Mama, an enormous
hybrid plum tomato that also has
excellent flavour.

As a general rule the smaller the
leaf, the better a tomato plant
copes with heat.

Like all general rules, it is not
infallible but you will notice that
the tomatoes that thrive in heat
the best are varieties of cherry
tomato that usually have very
small leaves.

Sweet peppers sown in late sum-
mer should survive well into sum-
mer but tend to produce smaller
fruits.

Cubanelle and other long pep-
pers thrive in warm conditions and
can be planted to augment your
present supply of sweet peppers.
Long, large hot peppers like Ana-
heim are fairly mild and are good
for making chili rellenos.

Eggplants are warm weather
lovers and seeds sown now will
give early summer satisfaction.

Heading cabbages and broccoli
can take fairly warm conditions
but cauliflower and most other
members of the cabbage clan tend
to suffer. Fennel is easy to grow
and is worth considering as a
Spring sowing.

Most of the flowering annuals
we grow during the winter months
cannot endure too much heat so
we must turn to heat and drought
tolerant plants like vincas, cosmos,
marigolds, zinnias and Mexican
sunflowers.

If you have not pruned your
flowering shrubs during winter,
now is a good time to get the job
done.

Spring will bring a burst of new
growth and make your shrubs
bushier and greener. The rising
sap makes March and April very
good months for taking cuttings
to propagate flowering shrubs.

Larger shrubs and small trees
are best propagated by air layering.

Bauhinias — or poor man’s
orchid tree — are losing their flow-
ers and producing seedpods.
When the pods are dry and mature
they crack open violently and
throw seeds a considerable dis-
tance.

March sees the magnificent
blooming of the coral tree or tiger
claw tree (Erythrina indica) that
bears its flowers on branches that
are naked of foliage. The brick red
claw-shaped flowers last only a few
weeks before forming seedpods so
we must enjoy the sight while we
can.

Pink cassia (Cassia javanica) is
another brief bloomer that appears
in March. The flowers form along
the whole length of branches and
produce a wonderful display for
just a few weeks. Pink cassia trees
are much larger than the more
common yellow cassia trees.

The spring application of iron
and fertiliser to our fruit and citrus
trees can be done at the end of
March.

The base of the tree should be
drenched with a weak solution of
Sequestrene 138 chelated iron
(exact details are on the package)
and fruit tree fertiliser should be
spread around the drip line and
the base. This is best done after
rain. If there is no rain, you should
water the area well before applying
the fertiliser. To complete the job,
the trees should be treated with a
spray of minor elements.

¢ For questions and comments e-mail
gardenerjack@coralwave.com

WEDNESDAY, MARCH 2, 2011, PAGE 9B
SSP

CALIENTE: Mexican sunflower can take our summer heat and is best planted in March to produce bright summer blooms.

ust a few images of what we the
Bahamas looked like 40...50...60...
years in the past

BY ROLAND ROSE

ONE of the Bahamas’ best known artists, Brent Malone (1941-2004).
In tribute to his groundbreaking Bahamian art, a universal symbol of
humanity was dedicated to him at the Blake Road Community Church.
The six-ringed stainless steel structure was built by Tyrone Ferguson.

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





PAGE 10B, WEDNESDAY, MARCH 2, 2011

THE TRIBUNE





The Tribune



SS



—

a

a |

—ainment
—

SBabBeeeltal wert @







HOTTEST STARS BREAKING
INTO MUSIC AND MOVIES

MUSIC:

* JESSIE J

It ain’t about the “cha-ching or the
ba-bling” for Jessie J, at least that’s
what this latest UK import claims in
her hit single “Price Tag” featuring
B.o.B.

Jessie J, 22, is no newcomer to the
music scene, having written tracks for
people like Alicia Keys, Justin Tim-
berlake and Miley Cyrus, but this is
her first real crack at a career as a
recording artist.

The success of “Price Tag” and her
UK debut single “Do It Like a Dude”
have led her record company to bring
forward the release date of her album
“Who Are You” by a whole month,
something almost unheard of in the
music industry today. The debut album
is expected to drop in April in the US.

* TYLER THE CREATOR

We’re barely three months into the
new year, but Kanye West has
already found his video of 2011:
“Yonkers” by Tyler The Creator.

Tweeting about it last week, Kanye
encouraged all his followers to check
out the video on Youtube.

When “Yonkers” reached more
than a million views on Youtube,
Tyler — the 19-year-old leader of the
hip hop crew OFWGKTA - was so
overwhelmed he said tears of joy
were running down his face. The sin-
gle will be released from his upcom-
ing sophomore album “Goblin” in
April.

Already music fans are describing
him as the most exciting artist of 2011.

MOVIES:

* ALEX PETTYFER

Move over Robert Pattinson,
there’s a new heartthrob in town and
he doesn’t have to sparkle to be sexy.
An English model and actor, the 20-
year-old is already on a mission to
capture the hearts of girls everywhere
with his portrayals in the teenage sci-
fi flick “Iam Number Four” and in
the upcoming “Beastly”, a mod-
ernised retelling of Beauty and the
Beast starring Vanessa Hudgens of
High School Musical fame.

Ex-boyfriend of “Glee” star Dian-
na Agron, Alex is rumoured to be in
talks for lead roles in upcoming film
adaptations of not one, but two pop-
ular young adult book series: The
Wardstone Chronicles and The Mor-
tal Instruments.

* EMMA STONE

She charmed audiences with her
goofy and hilarious performances in
“The House Bunny” and “Easy A”,
and she kicked butt in “Zombieland”
opposite Oscar-nominated Jesse
Eisenberg.

Now, this 22-year-old flame-haired
actress is on the cusp of becoming a
household name as she takes over
the role of Peter Parker’s first love
Gwen Stacy in the upcoming Spider-



Man reboot starring Andrew Garfield GRITICS' Choice award winner Jessie J reacts as she speaks on stage at the Brit Awards

of “The Social Network”.

2011 at The O02 Arena in London, Tuesday, Feb. 15, 2011. (AP)



Associated Press





JANE Russell, the stunning star of 1940's and 1950's films such as
"Gentlemen Prefer Blondes" died on Monday, February 28 at the

SHE was the voluptuous pin-up girl who
set a million male hearts to pounding during
World War II, the favorite movie star of a
generation of young men long before she'd
made a movie more than a handful of them
had ever seen.

Such was the stunning beauty of Jane Rus-
sell, and the marketing skills of the man who
discovered her, the eccentric billionaire
Howard Hughes.

Russell, surrounded by family members,
died Monday at her home in the central coast
city of Santa Maria. Her death from respira-
tory failure came 70 years after Hughes had
put her on the path to stardom with his con-
troversial Western "The Outlaw." She was
89.

Although she had all but abandoned Hol-
lywood after the 1960s for a quieter life, her
daughter-in-law Etta Waterfield said Rus-

age 89. (AP)

Jane Russell,
star of ‘40s and
‘50s films, dies

By JOHN ROGERS

sell remained active until just a few weeks ago
when her health began to fail. Until then,
she was active with her church, charities that
were close to her heart and as a member of a
singing group that made occasional appear-
ances around Santa Maria.

Although her sultry, sensual look and her
hourglass figure made her the subject of
numerous nightclub jokes, unlike Marilyn
Monroe, Rita Hayworth and other pinup
queens of the era, Russell was untouched by
scandal in her personal life.

Russell's only other notable film was "Gen-
tlemen Prefer Blondes," a 1953 musical based
on the novel by Anita Loos that cast her
opposite Monroe.

Survivors include her children, Thomas K.
Waterfield, Tracy Foundas and Robert
"Buck" Waterfield, six grandchildren and 10
great-grandchildren.

A public funeral is scheduled March 12 at
11am at Pacific Christian Church in Santa
Maria.

things

ie,

MARCH 3 - MARCH 5
3RD NATIONAL
AGRIBUSINESS

EXPO

¢ The Ministry of Agricul-
ture and Marine Resources
presents the 3rd National
Agribusiness Expo that fea-
tures an array of Bahamian
food products and craft
including a wide variety of
vegetables, meats, marine
products, pastries, preserves,
ornamentals and handi-
crafts. The Expo also
promises cooking demon-
strations and culinary com-
petitions.

SOHO REE eHEEEEHEE ESO LELON EELS

FRIDAY, MARCH 4
SILENT AUCTION &
BINGO NIGHT

¢ The January “Gems”
Birthday Club of Christ the
King Parish hosts an exciting
evening with a Silent Auc-
tion and Bingo, 6.30pm in
the Christ the King Parish
Hall. Prizes include gift cer-
tificates, phone cards, dinner
for two, kitchenware, origi-
nal artwork, and a grand
prize of a laptop.

Entry fee: $5, includes five
game tickets. Refreshments
also on sale. Proceeds in aid
of Parish Hall Renovations.
telephone: 525-0653 or 328-
8639 E-mail: orichgirl@hot-
mail.com

SATURDAY, MARCH 5
STOGIES AND
STILETTOS 1
MARLEY RESORT

¢ The creators of The
Sexy Party bring you anoth-
er one of a kind sexy and
stylish event! General
Admission: $20, Stogie &
Stiletto Lounge (ViP): $40.
Tickets are limited. Bacardi
Drink Specials all night.
Special performance by two-
time Green Synergy champ
DJ FINES.
SATURDAY, MARCH 5 -
69TH ANNUAL

RED CROSS FAIR

¢ The Bahamas Red Cross
hosts its 69th annual fair
under “Ready to Respond”,
12pm-until on the Lower
Grounds of Government
House. Enjoy a day of fun-
filled family entertainment.

SATURDAY, MARCH 12 -
“TRUE FRIENDS”
DANCE PART 2

¢ Party Central presents
“True Friends” Dance Part
2, the black and yellow edi-
tion, 7pm at St John's audi-
torium. Music provided by
Selecta Flam Boi and DJ
Blaze, DJ Crank, OneTime,
DJ Spuddy and Gold. Cost:
$10/in advance; $15/at the
door.





Boxing legend Sugar Ray Leonard and Wendy Williams to hoof it on ‘Dancing’ series

By LYNN ELBER
AP Television Writer

A BOXING great, a model
who survived an Indian Ocean
tsunami and a grown-up "Karate
Kid" will be hoofing it on the 12th
season of "Dancing with the
Stars.”

Welterweight champ Sugar Ray
Leonard, model Petra Nemcova
and Ralph Macchio of the hit
1984 karate movie will be among
11 celebrity contestants when the
ABC show returns March 21.

The cast was announced Mon-
day by "Dancing" hosts Tom
Bergeron and Brooke Burke in
segments that aired during an
episode of ABC's "The Bache-
lor."

"Forget the rumours. The
moment of truth has arrived!"
Bergeron exclaimed.

Also hitting the dance floor will
be actress Kirstie Alley; Pitts-
burgh Steelers wide receiver
Hines Ward; professional wrestler
Chris Jericho; "Loveline" radio
show co-host Mike Catherwood;

one-time rap prodigy Romeo (for-
mer Lil' Romeo); Chelsea Kane
of Disney Channel's "Jonas"; talk
show host Wendy Williams and
reality star Kendra Wilkinson.

Alley suggested the contestants’
focus would be to "try not to fall
on our butts the first week out.
That's what I'm going for."

Leonard had a holistic descrip-
tion of his competitive approach.

"T think it's all psychological. I
think it's spiritual," he said. "I
think it's all the mental prepara-
tion."

Quipped Bergeron: "Have you
ever watched the show?"

The star-professional dancer
pairings will be announced
Wednesday.

Last season's champ was “Dirty
Dancing" actress Jennifer Grey,
who was paired with dancer
Derek Hough.

The show also featured former
Alaska Govenor Sarah Palin's
daughter, Bristol, as a contestant
and became something of a polit-
ical lightning rod because of the
family connection.

TV Talk Show host Wendy Williams. (AP)

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FORMER professional boxer Sugar Ray Leonard. (AP)



THE TRIBUNE

WEDNESDAY, MARCH 2, 2011, PAGE 11B



By LESH

GAGA has once again hit us with
yet another deep, dark artistic video
creation of her very own. "Born This
Way’ is the title of the new video and
single from Lady Gaga's second studio
album that is set to be released some-
time this May.

The video was directed by Nick
Knight and choreographed by well-
known dancer and TV personality
Laurie Ann Gibson.

The Grammy winner gave us her
usual array of wigs, skeleton painted
faces, machine guns, and Gaga cre-
ativity in the new video.

According to On Top Magazine,
rocker Adam Lambert was on pins
and needles Monday waiting for the
release of the video for what is already
being considered a gay anthem.

"I'm so anxious to see Gaga's Born
This Way video!!” he tweeted to his
nearly 900,000 followers just minutes



SET TO RELEASE VIDEO FOR \












x Rtas









By FARAH

HAT better way for Mr Yag-
Ws: Yo to get his feet into the

door of the music industry
than by becoming a radio personali-
ty. The Island 102.9 fm announcer,
had a musical inclination from
since he was young, and staying in
close affiliation with any thing
music guaranteed his development
as an artist.

With three singles in rotation and a video
on the way for his song titled “Lovely Day”
Mr Yagga Yo is set to make an introduction
to the music industry like none other. Cur-
rently the video for “Lovely Day” is in the
production phases and set to be released
this month.

Mr Yagga Yo collaborated with Ryan
Lightbourn, a Bahamian cinamatographer







who the artist said did a tremendous job at
bringing life to the song with the accompa-
nying visual.

“This video is still in the making. It is epic
and is being produced at the highest quality.
Ryan Ligthbourn shot a top class music
video for me.” And from the looks of the
trailer on Youtube he has hit the right note.

The artist said shooting the video with,
Ryan Ligthbourn was a great experience
for him.

“Thad a lot of fun doing the video. But I
didn’t realise how much work it was. The
video was shot in Harbour Island and it is of
a really good quality,” he explained.

Lovely Day is performed on a reggae beat
and the delivery of his heartfelt lyrics can be
appreciated. It was recorded on the Holiday
Inn Riddim at O2 Music Studios in Nassau,
Bahamas, and its creation was supported
by Ray Ewing, CEO of Buff Boo Records
who also serves as manager for Mr Yagga
Yo.



“It is a song of good social commentary. It
speaks out against violence. With the
increase of violence on our streets and the
rise of the incidence of domestic violence, it
promotes the reduction of violence and the
unification of all people. I have been writing
for a while and when I wrote “Lovely Day,’
I knew that as an artist I had a responsibil-
ity to deliver quality lyrics. It's a song that
speaks volumes for anyone living in our
social climate,” Mr Yagga Yo told In Ya
Ear.

The song has also garnered international
attention from music producers oversees.

Apart from working on his video, Mr
Yagga Yo is also developing his brand as at
upcoming artist. He is also set to perform in
Eleuthera later in the year.

Expect to see much more from Mr Yagga
Yo.

Mr Yagga Yo’s music is available on sites
such as www.rhapsody.com, www.nap-
ster.com and www.shockhound.com.

iat? Fe hind

a:

In Ya Ear recaps American Idol

By LESH

A LITTLE spice was added to the show
last week when Jennifer Lopez got extreme-
ly emotional after she had to send Chris
Medina home. She started to question every-
thing saying "I can't do this anymore." After
a short ten minute break, the show contin-
ued and the cameras caught Randy and
Steven consoling her.

The night went on as the judges sent the
lucky 24 through one by one. Most of the
picks were predictable, such as Lauren

Alaina, Naima Adedap and Scotty
McCreery, just to name a few. I was shocked
to see fan favourite, Chris Medina get sent
home. His story was beautiful (his finance
suffered a traumatic brain injury just before
their wedding and he has been caring for
her ever since) but he lost the judges’ vote
when he got too comfortable in Hollywood.

Now on air for three nights, this week’s
American Idol is expected to be a very long
one. According to the Fox network, the Top
12 guys will be performing on Tuesday. The
top 12 girls will perform on Wednesday

night, followed by a two hour results show
on Thursday night.

HERE'S YOUR TOP 24

The American Idol 2011 Top 12 Girls:
. Naima Adedap

. Julie Zorilla

. Karen Rodriguez

. Lauren Turner

. Kendra Chantelle

. Ashton Jones

. Rachel Zevita

. Haley Reinhart

ONOnRWONM—

before the video's release.” the web-
site stated.

After the video release, the former
American Idol runner-up took to
Twitter again, saying: “Wow new
Gaga video is wild and weird! I love
the super 60s psychedelic intro. Like
Barbarella meets Alien.”

Speaking to a few Bahamian Gaga
| fans, Richard Rahming* told In Ya
Ear." Every time she does something
strange, she has to do something
stranger. She doesn't do no wrong.
_ The fact that Gaga develops her own
| creation myth just proved once again

she is not a fly by night pop star, she is

a true artist. She is what Madonna

would be if Madonna was talented

and interesting. Strange, sexy, irrev-

erent, original and hot. As a fan I

always worry if she will be able to top

herself or at least meet the high stan-
dards she has already set. She has not
disappointed me, love the video and
still love her.”
| J A Stubbs* added: "The video was
really good, at first I thought it would
be some kind of cliché story. But as
| you get into it you see she's talking
_ about interesting things while acting a
fool and that is what made it so good.”
_ With a different view, Crystal
Watkins* said she thinks Gaga is a
Madonna copycat: "She's out there,
I'd admit that. But with the ‘Born This
Way’ song she has the exact same song
| "Express Yourself", by Madonna. She
is fresh but she is not in the same class
-as Madonna. You would not be able
to recognise Gaga if she was not so
_ bizarre."



















«Names have been changed



9. Thia Magia

10. Lauren Alaina Suddeth
11. Pia Toscano

12. Ta-Tynisa Wilson

The American Idol 2011 Top 12 Guys:
. Brett Lowenstern
. Jovany Barreto

. Jacob Lusk

. Paul McDonald

. Clint Jun Gamboa
. Robbie Rosen

. Stefano Langone
. Jordan Dorsey

. Tim Halprin

10. James Durbin
11. Casey Abrams
12. Scotty McCreery

OONODOAARWN—



Green
Scene:
Flowers
of March

see page nine







WEDNESDAY, MARCH 2, 2011

CATCHING
eee
Jonathan
Newell taking
a break from
finger painting

By JEFFARAH GIBSON
Tribune Features Writer

OME people judge their
S capabilities by their disabil-

ities. But the artists fea-
tured today have not allowed
themselves to be limited artisti-
cally because they have Down

Syndrome.

Take Mizpah Bethel for instance, a par-
ent with down syndrome whose son also
has the condition who is known by her
community to hold her own when it comes
to singing beautiful melodies with her
band. She has also found her niche in cre-
ating abstract paintings. It has been thera-
py for her after finding out her son Ty
Bethel had leukemia.

Her artwork which was originally part of
her art therapy, have accumulated over
the years and now she has decided to debut
her work in the first ever art exhibition
hosted by the Bahamas Down Syndrome
Association in collaboration with estab-
lished Bahamian artist Anthony “Big Mo”
Morley.

Funds raised from Mizpah’s artwork will
go towards her son’s medical fund.

While the main feature of the show will
be works by “Big Mo”, art pieces done by
persons with Down Syndrome will also be
on display. Ricardo Williams and Jonathan
Newell will also debut their artwork.

happy to paint.







Mr Yaya
Yo set to 5
release.

hew video
see page 11

The Tribune SECTION B e

FOCUSED: Triton deep in thought.

President of the Bahamas Down Syn-
drome Association, Cheryl Newell told
Tribune Arts, that the exhibition is meant
to show off the talent of people with Down
Syndrome as well as bring awareness of
their small community.

“People underestimate them. They say
that they are retarded. But they don’t
realise that they are capable of doing any-
thing. They can do all kinds of art and we
want to bring awareness that our kids are
high functioning and they can contribute to
the community in many different ways,”
Ms Newell said.

Ms Newell told Tribune Arts that when
she first saw the art work from the children,
she was not suprised by the level of skill
they displayed in their work.

“T wasn’t surprised at all. They are
known from being very artistic. When I
first started reading about Down Syndrome
I found that they had a great ability to do
anything artistic. So anything like visual
arts or martial arts they are keen on,” she
said.

Viewers will see a mixture of art pieces
ranging from traditional Bahamian art to
vibrant colorful pieces with hues of red,
royal blue and yellow.

The Down Syndrome Association is
working towards establishing the first
Down Syndrome Center here in Nassau.

Funds raised from the art show will go
towards staff for the facility.

“We are looking to also have a space
for our adults to learn a trade so they can










work and earn their own living,” Ms
Newell said.

“IT would like to see our Down syndrome
Center serve all of our children and adults.
I hope to not only have after school pro-
grams for our children, but a work envi-
ronment for our adults, a medical facility,
a place where our children can have their
needed therapies and most importantly, a
place where our children can be educated
in safe surroundings.”

The public is encouraged to support per-
sons with Down Syndrome in their efforts
to bring a breath of fresh air to art in the
Bahamas.

“T think the public will be suprised to
see the talent in that Bahamas among
young children as well as people with dis-
abilities. This is aa great way for them to
support as well as encourage them to do
keep doing their best.”

Ms Newell also said that this is just the
first of great art shows to stem from the
Down Syndrome community.

“We are looking to make this an annual
event.”

The Bahamas Down Syndrome Associ-
ation was first established 12 years ago, by
Pamela Forbes Merchant and Ida Poitier
Turnquest. The relaunch of the associa-
tion began in 2006 when Cheryl Newell
was elected as president.

The show will be held on Friday, March
4, starting from 6-9.

For more information contact Anthony
Morley’s Art Gallery & Studio at 361-6006.





Full Text


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a)



‘Supporters of Prime
Minister’ disrupt
MP’s BTC meeting

FNM MP Branville McCart-
ney had his town meeting on
the sale of BTC shut down by
members of his own party, The
Tribune has been informed.

Having publicly stated he
has yet to determine how he
will vote on the controversial
sale of 51 per cent of BTC to
Cable and Wireless, Mr
McCartney said the meeting
was designed to hear the views
and opinions of his con-
stituents before making his
decision.

However, according to
reports, the forum quickly

took a turn for the worse.

Having written to Prime
Minister Hubert Ingraham for
a representative to attend from
the government to state their
case, Mr McCartney report-
edly was told by the PM that
as a former Minister and cur-
rent backbencher of the party
he could represent the gov-
ernment sufficiently at his own
meeting.

Representatives from the
Utilities, Regulation and Com-
petition Authority (URCA),

SEE page 10

tcomes to

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| - hha
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BE (iAH) MHD



WEDNESDAY, MARCH 2, 2011
i

CARS FOR SALE,
a

AND REAL de
BAHAMAS BIGGEST i

rs ust i

Bran meeting



Tim Clarke/Tribune staff

CLARIFICATION

IN a front page article in yesterday’s Tribune,

it was incorrectly stated that the government had
allocated $18 million to pay BTC’s electricity ;

bills.

said to be $40 million in arrears.

BTC should not have been mentioned in the :
article, and The Tribune would like to apologise }
for any inconvenience this error may have caused. }



The story should have read that the Ministry of ;
Finance plans to allocate $18 million to take a siz- }
able chunk off the government's electricity debt. }

At last estimate the government’s account with }
the Bahamas Electricity Corporation (BEC) was }




night.



_ SEE SECTION E

THE ROYAL BAHAMAS DEFENCE FORCE apprehended more than
250 Haitian nationals suspected of being illegal immigrants in the
Exuma Cays yesterday afternoon. They were brought to Nassau
for processing last night.

The apprehension was made after two Haitian sail boats were spot-
ted near Ragged Island and Acklins. The first vessel, a 40-foot
sloop containing 164 persons was intercepted by Defence Force offi-
cers 18 miles west of Elbow Cay, Exuma around 11pm on Monday



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

_ MAN DIES IN HOSPITAL
IN YEAR'S 18TH MURDER

By AVA TURNQUEST
Tribune Staff Reporter
aturnquest@tribunemedia.net

THE country’s murder count is
on track to meet last year’s record-
breaking number.

The death of a 28-year-old man at
hospital on Monday pushed the
murder count to 18, mirroring totals
recorded last year for the month of
January and February.

The overall record was broken
for the second consecutive year in
November, and the year ended with
94 murders.

Murder demographics issued by
the police for 2010 indicated that
eight people were murdered in Jan-

SEE page 10



Officers intercepted a second, smaller vessel off Raccoon Cay,
Exuma with 93 suspected illegal immigrants. They met with the
Defence Force vessel HMBS Bahamas yesterday at 4.20pm to trans-
port the detainees to Nassau. Defence Force officers suspect a
third vessel is somewhere in the Exuma Cays.

CHINESE FIRM SCHEDULED FOR MAJOR
CONSTRUCTION WORK IN FAMILY ISLANDS

A CHINESE company is scheduled
to create new ports, bypass roads and
carry out other works on several Fam-
ily Islands.

Prime Minister Hubert Ingraham
said the China Harbour Company will
conduct a feasibility study and subse-
quently develop a project design for a
new port on Exuma.

NASSAU AND BAHAMA ISLANDS’ LEADING NEWSPAPER



As Exuma has outgrown its main
road with the island’s increasing devel-
opment, Mr Ingraham said the con-
struction of a bypass road is also being
planned.

The Prime Minister said the China
Harbour Company will also create a

SEE page 10


PAGE 2, WEDNESDAY, MARCH 2, 2011

THE TRIBUNE



Palmdale businesses decide to remove

controversial disabled parking spot

By NOELLE NICOLLS
Tribune Staff Reporter
nnicolls@tribunemedia.net

BUSINESSES in a Palm-
dale complex have decided to
remove a disabled parking spot
after it sparked controversy
among patrons.

Last week, angry customers
shopping at the complex com-
plained that the number of
spots designated for persons
with disabilities was excessive.

Representatives of the three
tenants, Starbucks, the
Bahamas Foot Centre, ABC
Prosthetics and Orthotics, as
well as the National Council
for the Disabled, met with






owners of the complex on
Monday to address the issue.
It was claimed that a “mutu-
al” decision was made to
remove the latest disabled
parking spot to be added.
“This collective decision
embraces the needs of the dis-
abled as well as able-bodied
clients, and is the result of
mutual understanding and con-
sideration. The owners of the
complex trust that members of
the general public will accept
the decision as one that is in
the best interest of all con-
cerned. It is also hoped that
respect will be given to the
needs of the disabled in our
community, by able persons

refraining from parking in
spaces designated for individ-
uals with disabilities,” said
owners of the complex in a
written statement.

The problem emerged last
week after ABC Prosthetics
created a handicap spot for
Starbucks customers in the
front parking lot, taking the
total number of disabled spots
to four. There is a large park-
ing lot to the rear of the build-
ing for customers of the three
businesses, but there are only
10 spots in the front. Two of
the three establishments on the
complex cater to people with
disabilities.

The Starbucks franchise

head office was not aware of
the arrangement between
ABC Prosthetics and the
Palmdale branch, neither were
the owners of the complex.
Both were surprised to learn
about complaints from some
patrons.

The meeting between the
various parties was said to be
“amicable.”

Jamal Nottage, owner of
ABC Prosthetics said there
was “a lot of passion whilst
talking because everyone
wanted to get their point
across.”

Because of the “miscommu-
nication” that kept the land-
lord and the Starbucks head

MINISTRY OF WORKS & TRANSPORT . Jf
NOTICE











IMPROVEMENT PROJECT
CORRIDOR 17
ABUNDANT LIFE ROAD

JOSE CARTELLONE CONSTRUCCIONES CIVILES S.A. has been awarded a Contract by
the Government of The Bahamas for the Completion of the New Providence Road Improvement
Project (International Package).

OMPLETION OF THE NEW PROVIDENCE ROAD

Please be advised that from Tuesday March 18 2011, Road Works will be implemented on sections
of Abundant Life Road.




WHAT IS THIS PHASE OF THE PROJECT ABOUT?





Improvements such as road widening will be carried out at the junctions:

Abundant Life Road & Independence Highway
Abundant Life Road & Soldier Road
Soldier Road & Windsor Place






The works include installation of new drainage facilities, utilities, water service laterals, milling
existing pavement, asphalt pavement, sidewalks, traffic signs & signals, street lighting and road






markings.

WHAT TO EXPECT IN A FEW WEEKS?
The public should expect partial lane & temporary road closures as the works will be carried out
Updates will be posted and announced through the media.







in different stages.

STAGE 1

° Motorist travelling north on Abundant Life Road should use Churchill Road as an alternate
as works will be carried out westbound on Abundant Life Road.





Motorist travelling south on Abundant Life Road should use the one lane traffic system






in place.

STAGE 2

e Motorist travelling north & southbound on Abundant Life Road should use Churchill
Road as an alternate.




RESIDENTS/LOCAL BUSINESSES/PEDESTRIANS
Access will be given to residents, pedestrians and the affected businesses in this area during the
construction process. Signs will be in place to identify safe passage for Pedestrians and Access

points to the businesses in the area from the diversion route.
The public will be updated through the local media (radio & television) for regular updates.








We do apologize for any inconvenience caused and we look forward to the cooperation of the

motoring public.

For further information please contact :

(The Contractor)

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

Email: bahamasneighbor@cartellone.com.ar

EAST/WEST HWY

(The Contracting Agency)

Ministry of Works & Transport

The Project Execution Unit
Hotline: (242) 302-9700

Email: publicworks@bahamas.gov.bs

FAST/ WEST HWY





THE CONTROVERSIAL disabled parking spot in Palmdale.

office out of the loop, he said it
was mutually agreed to remove
the fourth disabled parking
spot outside the Palmdale
building complex and allow the
three original spots to service
the whole building.

At first, “it looked like Star-
bucks was being inconsiderate,
but it wasn’t anything like that.
It was an employee who autho-
rised it, not a (head office)
administrator or manager, so
that was the whole miscom-
munication,” said Mr Nottage.

In a statement from the
owners, they said: “All parties
agree that three disabled park-
ing spaces out of a total of 10

spaces represent a fair per-
centage, and are sufficient to
meet the needs of respective
clients. The newly-painted dis-
abled space in question will
therefore be removed. Dis-
abled clients of all three busi-
nesses will have access to the
original three spaces that will
remain. Additional space at
the rear of the building pro-
vides overflow parking for the
three establishments.”

ABC Prosthetics offers free
detailing of disabled parking
spots for businesses. Last
week, Cycles Unlimited
received a disabled spot in its
parking lot.

Men rob cafe and
gun but employee

POLICE are searching for two armed men who robbed
Checkers Cafe and gun butted a woman employee.

The culprits, armed with handguns, entered the restaurant
on Robinson Road shortly after 1pm on Monday and
demanded cash.

It was reported that the thugs assaulted the woman after
they received an undetermined amount of cash, and subse-
quently fled the area on foot.

The woman was taken to hospital where she was treated
and discharged.

¢ POLICE are investigating the stabbing of a 20-year-old
at Palmetto Avenue off Baillou Hill Road.

The victim was taken to hospital by emergency medical
services after he was attacked by a man while at his home.

Shortly after 7pm on Monday, the 20-year-old was stabbed
in his back and arms and was listed in stable condition at hos-
pital.

¢ THREE men were arrested after police uncovered sus-
pected drugs and money while searching a home in
Pinewood Gardens.

Officers of team Rapid Strike recovered a quantity of
suspected marijuana, drug paraphernalia and cash from a
home at Bay Geranium Avenue.

The occupants of the home, aged 24, 39, and 45 were
taken into custody as police investigations continue.

¢ ABACO police are asking the public to come forward
with any information that may assist them in recovering a
stolen boat.

A 35ft yellow and white Malago (centre console) speed
boat was stolen from Windward Beach, Marsh Harbour
between 11pm on Sunday and 2am on Monday.

Anyone with relevant information is asked to contact the
police in Marsh Harbour at 367-2560, 367-3437, police emer-
gency at 919, or Crime stoppers at 328-TIPS.

RUTH THOMPSON
CLARKE-GOODRIDGE sem

January 6th, 1921 - March 2nd, 2010
Forever in our Hearts

GOD HAS NOT PROMISED

God has not promised
Skies always blue,

Or flower strewn pathways
All our days through.

God has not promised,
Sun without rain,

Or joy without sorrow,
Or peace without pain.

But God has promised,
Strength for the day
Rest for the weary,
And light on the way.

Grace for the trials,
Help from above,
Unfailing sympathy,

And undying love.

Author Annie Joneses Flint 1979

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

WEDNESDAY, MARCH 2, 2011, PAGE 3



PLP has ‘serious concerns’ over WSC

relationship with Consolidated Water

MURDER ACCUSED
FAILS TO APPEAR
IN COURT FOR A
SECOND TIME

By NATARIO McKENZIE
Tribune Staff Reporter

nmckenzie@tribunemedia.net :

A MURDER trial had to
be adjourned for a second
time after the accused, who

is on bail, failed to appear in :

court.

A warrant was issued by
Supreme Court Justice Jon
Isaacs on Monday for the
arrest of Livingston Taylor,
44.

Taylor is charged in the
murder of Eleuthera resi-
dent Sylvia Agnes Cates, 66,
who was found beaten to

death in the bedroom of her

Rock Sound, Eleuthera
home on Sunday October 7,
2007.

Taylor is also charged
with armed robbery and
housebreaking.

The accused, who was
arraigned on the charges
back in February 2008, was
granted $30,000 bail in
August of that year.

Taylor was not present at
court again yesterday and
the trial had to be
adjourned.

A new trial date will be
set if and when Taylor
appears in court.

His two suretors are
expected to appear in court
on Friday to explain why
they should not forfeit
$30,000.

Prosecutors noted yester-
day that the recent turn of
events have proven particu-
larly costly for the Crown,
which had to spend thou-
sands of dollars to accom-
modate their witnesses, sev-
eral of whom live in
Eleuthera and the United
States. Around 18 witnesses
are expected to testify.

Tony Scriven and Jilian

Williams are the prosecutors i

in the case. Taylor is repre-
sented by attorney Jerone
Roberts, who informed the
court on Monday that he
had spoken with Taylor the
previous day.



rn

Wednesiay MARCH 2 -8pm-IZNS

By CELESTE NIXON
Tribune Staff Reporter
cnixon@tribunemedia. net

THE Progressive Liberal
Party said it has “serious” con-
cerns about the Water and
Sewage Corporation’s rela-
tionship with the Consolidated
Water Company — alleging that
contracts have been awarded
to the company without the
correct public tender process.

The opposition party
described the WSC’s decision
to enter into a new contract
with Consolidated Water
(CWCO), as a “highly ques-
tionable” development.

However, Minister of State
for Environment Phenton Ney-
mour, branded the accusations
levelled by the opposition as an
“attack” on the integrity of the
employees of WSC.

“(Party chairman Bradley)
Roberts and the PLP continue
to attack civil servants in a man-
ner in which I would consider
inappropriate for a political
party that wants to be the gov-
ernment. These individuals are
merely carrying out their job.
I can defend myself, but he
should not attack civil ser-
vants,” Mr Neymour said.

The PLP alleged in a state-
ment that the extended five
year contract between WSC
and CWCO to increase the dai-
ly production capacity of the
Blue Hill Plant by around 67
per cent to 12 million US gal-
lons “will significantly impact
the public purse and perhaps
the environment” — and was
concluded without proper pub-
lic tender.

The PLP reminded the gov-
ernment of its 2007 Trust Agen-
da pledge, which said that min-
istries must be transparent and
accountable to parliament and
to the public for the operations
and policies of their respective
agencies.

The party also claimed that
in giving CWCO the contract,
the WSC had given the compa-
ny a monopoly over water

BIC: oS

and
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PHENTON NEYMOUR, branded
the accusations levelled by the
PLP as an ‘attack’ on the integrity
of WSC.

delivery in New Providence.
However, Mr Neymour said
that any suggestion CWCO has

a monopoly is simply false.

“The Water and Sewerage
Corporation is supplied by
Consolidated Water, it receives
water barged in from Andros,
water from well fields in New
Providence and for decades has
received water from the New
Providence Development Com-
pany (NPDC),” the state min-
ister said.

Proposal

He pointed out that NPDC
has also submitted a proposal to
government to provide reverse
osmosis water for the corpora-
tion.

The PLP contended that
Water and Sewerage’s arrange-
ment with Consolidated Water
is not just an extension of the
current contract as previously
claimed by the government but
rather that the additional pro-

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duction will require a new plant
and should be identified as a
new project which should be
put out to public tender.

Mr Neymour called this an
outright falsehood.

He said the bid sought by
WSC was for the expansion of
the existing facility at Blue Hills
and to increase its capacity by
four million gallons.

“There are three reasons for
that. WSC is experiencing a
shortfall in the desired quantity
of production and would like
to increase that; the Baha Mar
project has come on stream and
we must be in a position to
meet the quantity required by
that development.

“Also, WSC is barging water
from Andros and it has been
calculated that RO water in
Nassau is of a better quality
than that barged in, and RO
water in Nassau replacing the
shipping cost in Andros can

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save the WSC two million a
year,” Mr Neymour said.

Allegations

As for the allegations that
the government has an unfair
bias towards Consolidated
Water, and only asked for oth-
er bids to conduct a “fishing
exercise” to establish prices for
that company, the state minister
said Mr Roberts and the PLP
are only of this opinion because
they were guilty of exactly this
kind of behaviour when in
office before 2007.

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PAGE 4, WEDNESDAY, MARCH 2, 2011

THE TRIBUNE





EDITORIAL/LETTERS TO THE EDITOR

The Tribune Limited

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

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

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

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

Publisher/Editor 1919-1972
Contributing Editor 1972-199]

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

Publisher/Editor 1972-

Published Daily Monday to Saturday

Shirley Street, PRO. 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
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WEBSITE
www.tribune242.com — updated daily at 2pm

Jobs and scholarships, according to Mitchell

EARLY YESTERDAY morning a mem-
ber of our family left home in plenty of
time to catch a 10.30am flight from the air-
port. An hour later, instead of calling from
the airport to say that he had arrived, he
was calling with the information that he had
only got as far as San Souci, a three-minute
drive down the road from his home. The
traffic was horrendous due to road works
further down, which had brought traffic to a
standstill, and backed it all the way up the
Eastern Road. Needless to say he did not
make his flight.

Road works? Wasn’t Fox Hill MP Fred
Mitchell berating the government in the
House of Assembly on Monday for not, in
this recession, concentrating on the creation
of “Jobs! Jobs! Jobs!” for unemployed
Bahamians? But didn’t the abundance of
road works down the various designated
corridors, now creating a nightmare for
motorists, mean that jobs were being creat-
ed for many Bahamians? Baha Mar was
about to come on stream, and Arawak Cay
had provided work for others. This meant
that government was in fact doing its best to
create new work. Of course, many Bahami-
ans are still unemployed, but at least an
effort is being made to open news streams of
opportunity for them.

In the New Providence Road Improve-
ment Project six Bahamian sub contractors
have been retained whose staff provide land-
scaping, street lighting, sidewalks, drainage
wells, pipe culverts, curbing, WSC and pave-
ments.

Last week 560 persons were employed
on road construction, 81 of them foreign,
382 Bahamian. Among the Bahamians were
66 carpenters, 60 masons, 16 heavy equip-
ment operators, and 136 labourers. There
were also electricians, plumbers, laboratory
assistants, lowboy operator, back-hoe oper-
ator, gardener, receptionist, messenger, and
an assortment of other semi-skilled techni-
cians.

From complaining that government was
not concentrating on “Jobs! Jobs! Jobs!” for
Bahamians, Mr Mitchell then shifted gear
and complained that while government could
find money for road works, it could not find
money for scholarships for Bahamian stu-
dents — the country’s future.

We hadn’t much time to listen to his argu-
ment, but we heard just enough to know
that what he was saying was not logically
computing.

First of all government, according to Mr
Mitchell, was not creating jobs. But at least
current road construction was providing
some employment. Next, he complained,

Government could find money to pay for
roads, but not enough to provide scholar-
ships for Bahamians. In these economic hard
times first world countries, far more pros-
perous than the Bahamas, were doing no
better, some were even worse off and were
job cutting by the thousands.

However, it turned out that Mr Mitchell
was “misleading the House,” according to
Education Minister Desmond Bannister,
who said that government had provided
more student educational grants — not loans
— in one year than had Mr Mitchell’s gov-
ernment in its five-year term. Mr Bannister
demanded that Mr Mitchell retract his mis-
information. We had to turn off the televi-
sion, leaving the Minister and the Fox Hill
MP verbally sparring over the “misinforma-
tion.”

However, yesterday we did some research
on the matter. The Bahamas Government
Guaranteed Education Loans programme
— a programme that provided student loans,
which were to be repaid — was started by
the FNM government with the loan’s statu-
tory limit up to, but not to exceed $100 mil-
lion. The programme was then continued
by the PLP government. However, when
the Ingraham government was returned in
2007, it was discovered that the loan had
reached — if not exceeded — its statutory
limit — and students had failed to repay $60
million of their loans. To date $70 million is
still outstanding. The programme had to be
discontinued for non payment.

However, two years ago — despite the
recession— the Ingraham government intro-
duced educational grants (scholarships),
which relieved students of the repayment
burden. In 2007/8, $3 million was provided
for these grants; 2009/10, $6 million was allo-
cated. This year $7 million has been provid-
ed for student grants.

During the PLP years — 2002-2007 — the
Christie government continued the student
loan programme, which students were under
legal obligation to repay. However, in the
final year of its five year term — in the
2006/7 budget — the PLP provided $400,000
for student grants (scholarships). So Minis-
ter Bannister was correct in saying that his
government had so far given out more in
scholarships — $16 million in three years
— than had the PLP in all of its five years
($400,000).

We still can’t fathom Mr Mitchell’s argu-
ment about government’s failure to create
jobs and assist students with grants for high-
er education.

But, of course, that’s politics and politi-
cians, so what can one expect.

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An open
letter to
the Prime
Minister

EDITOR, The Tribune.

This is an open letter for
publication to the Prime
Minister.

Dear Prime Minister,

Each year some 4,200 fif-
teen to sixteen-year-old
young Bahamians sit the
annual BGCSE examination
in English. Of this number
some 750 (18 per cent), fail
so badly they are deemed
illiterate with a further 1,750
(42 per cent), failing the
examination and regarded
as semi-literate at best.

This state of affairs has
been known and recognised
for many years, a situation
of which you, the Prime
Minister, said you were
“regretful” in a speech you
gave in July 2009.

By June this year a fur-
ther 5,000 young Bahamians
will have left their school-
ing “illiterate” or “semi-lit-
erate” in which time noth-
ing has happened.

The United Nations Edu-
cational, Scientific and Cul-
tural Organisation
(UNESCO) in their Pro-
gramme for International
Student Assessment of 15-
year old young people
define literacy as: “The abil-
ity to understand, use and
reflect on written texts in
order to achieve one’s goals,
to develop one’s knowledge
and potential, and to partic-
ipate effectively in society.”

The 2,500 young Bahami-
ans “failed” by the Ministry
of Education each year fall
far short of UNESCO’s def-
inition and in their words
will be “facing a life of
uncertainty, unemployment
and poverty.”

On this annual basis of
failure there are probably
some 30,000 young Bahami-
ans in the education system
today who await this even-
tual fate.

If we were to look at
numeracy, the figure would
be over 40,000. This shock-
ing record should be a con-
cern for any self-respecting
government.

Further analysis of the
data reveals that the major-
ity of young Bahamians who
“fail” each year are boys,
possibly some two-thirds or
more.

This hides a greater fig-
ure, for increasingly more

LETTERS

letters@tribunemedia.net



and more young boys are
“dropping out” of education
each year — a problem
acknowledged by the Minis-
ter of Education in July
2010.

The year-on-year increas-
ing number of unemploy-
able young boys has huge
implications for Bahamian
society through rising crime
levels and the escalating
costs of policing of this
crime; the justice system; the
prison; and the probation-
ary services.

As the evidence from oth-
er countries shows, the
intensification of crime
through failing education
leads to crime and gang
membership.

The 73 deaths surround-
ing the arrest of Christopher
“Dudas” Coke in Jamaica
in 2010 hangs over the
Caribbean as a salutatory
reminder of what can hap-
pen and the affect this can
have on the economy of a
country as tourists turn their
back on visiting a “crime hot
spot” for their vacation.

What has the Govern-
ment and the Ministry of
Education been doing to
address and begin to reverse
this problem?

Nothing — we know, as
you do, for we have now
spent some eighteen months
in fruitless discussions with
the Ministry of Education
over a “literacy initiative”
for young primary school
boys during which time we
have supplied considerable
supportive information, but
the Ministry appears to be
in denial of a problem of
their own making and intent
in finding reasons not to do
it.

Can a reason be cost? We
do not know, but think not
for the cost of providing this
initiative for seven to nine-
year-old primary school
boys would be just over one
quarter of one percent (0.25
per cent) of the annual edu-
cation budget — a small sum
in the grander scheme of
things.

Both you, Prime Minister,
and the Ministry of Educa-

tion are continuing to fail
young Bahamians putting at
risk not only their future but
also the potential prosperity
of our country that has to
increasingly compete in a
highly competitive global
market where education is
greatly valued by the fast
growing economies of Chi-
na, India, Brazil and Singa-
pore.

It may interest you to
know that UNESCO reports
that some fifth of the world
is “illiterate.” The Ministry
of Education is well on tar-
get to achieve this with only
a further 2 per cent of young
Bahamians at BGCSE need-
ed to be deemed “illiterate”
rather than ‘“semi-literate”
(what does this vague phrase
really define?) The reality
is that the Ministry of Edu-
cation in its arrogance has
probably not only achieved
this dreadful “goal” but
exceeded it.

Our young deserve far
better than this, for our
nation’s very future is in
their hands.

The country needs to
understand why the Ministry
of Education and you, Prime
Minister, have failed in the
very trust put in you by the
young who attend our
schools in the belief that
they will receive a basic edu-
cation through which they
will after some twelve years
leave school literate and
employable in a modern
world.

We would like to ask you
if you would please tell the
nation what reasons you
have for not wanting to put
in place a much needed lit-
eracy initiative?

We would also like you to
explain what you are going
to put in place now (for time
is of the essence and each
child gets only one chance
of an education) to start
improving literacy levels
immediately so that future
young Bahamians have bet-
ter life chances than today?

MRS DEON COX
Principal, Skills Bahamas
& Howard Betts

— Consultant

to Skills Bahamas
Nassau,

February, 2011.

Heartfelt thanks for tidying up eastern
section of historic Western cemetery

EDITOR, The Tribune.

I'd like to express my heartfelt thanks to
the cemeteries division of the Ministry of
Works for the Herculean effort that went
into tidying up the eastern section of the

historic Western cemetery.

When three busloads of family, mostly

able transformation had taken place.
The experience was positive.

nity.

from abroad, visited the cemetery Saturday

to pay their respects to the brothers Aris-
tides and George Damianos, the sponge
brokers who arrived here in 1896, a remark-

Nassau

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.



A special thank you to Pamela Mullings
and Zack Thompson for all their help.

As I said in an earlier letter, they are a
credit to the Ministry...and to the commu-

ATHENA DAMIANOS

March 1, 2011

Spare the rod,
spoil the union

EDITOR, The Tribune

Re: ‘Secure The House’ — The
Tribune, February 24 , 2011

Why do we complain about
the juvenile behaviour of some
of our unions? After all, isn’t
it simply an inevitable case of:
“Spare the rod and spoil the
union?”

KEN W KNOWLES, MD
Nassau,
February 27, 2011.
THE TRIBUNE



LOCAL NEWS

WEDNESDAY, MARCH 2, 2011, PAGE 5



i

THE NEW FACILITY is pictured here in January. It had its unofficial opening on Mo





nday.

Students give opinions
on the new COB library
and information centre

By LAMECH JOHNSON

THE NEW state-of-the-art
Harry C Moore Library and
Information Centre at the
College of the Bahamas had
its unofficial opening on
Monday and students are
weighing in with their con-
cerns and enthusiasm.

Chelsea Carroll, an eco-
nomics and finance major at
COB, was in awe of the new



o7
eg

Garon Alvin Rigby (left)
and Byron Alvin Rambaron

By DENISE MAYCOCK
Tribune Freeport Reporter
dmaycock@tribunemedia.net

FREEPORT - Two
teenagers are wanted by
police for questioning in con-
nection with an armed rob-
bery incident here on Grand
Bahama.

Police have issued all-points
bulletins for Byron Alvin
Rambaron and Garon Alvin
Rigby, both 18, of Grand
Bahama.

Rambaron, a resident of
Jones Town, Eight Mile
Rock, has a light brown com-
plexion, dark brown eyes and
short hair.

He is about five feet, eight
inches tall, of average build
and weighs about 148-160lbs.
Rambaron has tattoos of his
name on his right hand.

Rigby, a resident of Paisley
Place, South Bahamia, has a
medium brown complexion,
dark brown eyes and short
hair.

He is about five feet, 11
inches tall, of slim build and
weighs about 140-150lbs. He
has tattoos on both arms and
below his right eye.

Both men are considered
armed and extremely danger-
ous and = should be
approached with caution.

Anyone with information
concerning these wanted men
should contact police at 352-
9774/5, or 350-3107/ 8, 911.

SENTENCING HEARING
ADJOURNED AGAIN

THE sentencing hearing of
a man convicted of murder-
ing his former girlfriend was
adjourned for a third time
yesterday.

Angelo Poitier, 24, was
convicted last October of the
murder of Shanice Adderley,
19.

The young woman's body
was discovered inside a grave
in the Bahamas Veteran's
Cemetery on Infant View
Road on May 27. Accord-
ing to an autopsy report, Ms
Adderley had died as a result
of blunt force trauma to the
body. Poitier was expected to
be sentenced yesterday, how-
ever, his psychiatric report
was not available. His sen-
tencing hearing has now been
adjourned to June 7.

Poitier in an unsworn state-
ment from the prisoner's dock
denied killing his former girl-
friend. He claimed that he
had unwillingly signed a con-
fession statement over fears
that police would brutalise
him.







library. "My first impression
of it? I think it’s high tech
and up to date,” she said.

Mass communication stu-
dents Kriston Saunders and
Brittany Armbrister said that
although the library has
insufficient computers at the
moment and the restrooms
are already out of order,
everything else is excellent.

Petrez Davis said the facil-
ity “is nice and spacious. Stu-
dents might get a little lost
though. The walk from my
classes is a bit far, but it's not
too inconvenient. "

Other students don't seem
to mind the location of the
library which is situated at
the southwestern part of the
Thompson Blvd campus.

Jarrell Smith is extremely
pleased with the library.

The Small Island Sustain-
ability student said that
despite few glitches, the new
facility is “really nice.”

Security guards and staff
at the library plan to keep it
that way, by keeping track of
everyone who enters the
facility and turning away
those without proper identi-
fication.

One guard said unless “ID
is a must”, it would be hard
to tell students from other
members of the public. "We
have students from all walks
of life come here, many of
them with jobs too. Some are
police officers, some are
teachers or whatever job,” he
said.

A number of students
wanting to experience the
new building were turned



away because security was
firm about the ID policy.

Kandice Eldon, a writer
for the office of Communi-
cations at COB said the
opening is unofficial or
"soft".

"The real opening isn't
until April 8, 2011,” she
explained.

The Tribune tried to speak
with COB president Betsy
Vogel Boze about the library,
but she was in a meeting at
the time.

The multi-storey building
has a law library, computers,
an auditorium, classrooms, a
media production studio,
individual and group study
spaces, and exhibition spaces.

There also will be an
archive available to users.

The construction of the $28
million, 60,000 square foot
facility, which will serve as
the National Library of the
Bahamas, began in April
2008.

When the official opening
takes place in April, the land-
scaping, parking and some
additions to the building are
expected to be complete.

Ms Eldon is not complete-
ly sure what will become of
the former main campus
library. She thinks "they
might use it for classes."

We
a sy

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“WE THE PEOPLE IS AN IDEA, NOT THE ANSWER,” said Ed Fields, chairman of WTP, at the Grand
Bahama launch.

PAGE 6, WEDNESDAY, MARCH 2, 2011
LOCAL NEWS

THE TRIBUNE





MINISTRY OF WORKS & TRANSPORT . Jfry
a NOTICE cc

“COMPLETION OF THE NEW PROVIDENCE ROAD
IMPROVEMENT PROJECT

CORRIDOR 13By2
PRINCE CHARLES DRIVE
(Beatrice Avenue to Fox Hill Drive)

JOSE CARTELLONE CONSTRUCCIONES CIVILES S.A. has been awarded a Contract
by the Government of The Bahamas for the Completion of the New Providence Road
Improvement Project (International Package).

Please be advised that from Tuesday March 1st 2011, Road Works will be implemented on
sections of Prince Charles Drive between Beatrice Avenue to Fox Hill Drive.

WHAT IS THIS PHASE OF THE PROJECT ABOUT?
Improvements will be carried out at the following junctions:
College Gardens & Prince Charles Drive
Foxhill Road & Prince Charles

The works include installation of new drainage facilities, utilities, water service laterals,
milling existing pavement, asphalt pavement, sidewalks, traffic signs & signals, street lighting
and road markings.

WHAT TO EXPECT IN A FEW WEEKS?

Initially, works will commence outside of the existing roadway on the northern side of Prince
Charles Drive; however the public should expect temporary road closures & diversions as
the works will be carried out in different stages. Updates will be posted and announced
through the media.

As indicated on the ‘Traffic Management Scheme’: Motorist travelling east & westbound on
Prince Charles Drive should use the following routes as an alternate, as temporary road
closure will be implemented between the junction of Fox Hill & Pine Barren Road.

oo
—

BEATRICE AV = SAVANNAH AVE BAY LILLY DR

SEA BREEZE LANE 5 FOX HILL RD

<——
—

RESIDENTS/LOCAL BUSINESSES/PEDESTRIANS

Access will be given to residents, pedestrians and the affected businesses in this area during
the construction process. Signs will be in place to identify safe passage for Pedestrians and
Access points to the businesses in the area from the diversion route.

The public will be updated through the local media (radio & television) for regular updates.

We do apologize for any inconvenience caused and we look forward to the cooperation of
the motoring public.

For further information please contact :

(The Contractor)

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

Email: bahamasneighbor@cartellone.com.ar

(The Contracting Agency)

Ministry of Works & Transport

The Project Execution Unit
Hotline: (242) 302-9700

Email: publicworks@bahamas.gov.bs



WE THE PEOPLE volunteers at the Grand Bahama launch on Febru-

ary 26 at the Regency Theatre.

‘We The People’
group holds
successful Grand
Bahama launch

ORGANISERS of the We
The People (WTP) civic
group said they were extreme-
ly impressed with the show-
ing at their Grand Bahama
launch.

Following their official
launch in New Providence a
few months ago, the non-prof-
it advocacy group brought
their message to Grand
Bahama last Saturday with a
special meeting at the
Regency Theatre.

WTP said 75 per cent of
those in attendance registered
on the spot and others regis-
tered afterwards online.

Welcoming the audience
and introducing the organisa-
tion was Philip Simon, WTP
executive director.

Introducing WTP's chair-
man, Atlantis senior vice-
president and popular radio
personality Ed Fields, was
Grand Bahama attorney
Veronica Grant.

“The enthusiasm expressed
by those that attended the
Grand Bahama launched fur-
ther inspires We The People
to continue promoting this
very important idea. We are
greatly encouraged about the
possibilities resultant from
more and more Bahamians
engaging in the process of col-
lectively participating in the
development of our Bahamas.
In this regard WTP's second
city launch was tremendously
successful," Mr Fields said.

WTP was launched in Nas-
sau on November 16, 2010
with the goal of influencing
positive change towards a bet-
ter Bahamas.

“The association for all
intents and purposes is
defined as an action-orient-
ed, research and advocacy-
based, non-political (without



EXECUTIVE DIRECTOR of We
The People Philip Simon
speaks to the Grand Bahama
audience at the launch of the
group in Freeport at the
Regency Theatre.

reservation or exception), not-
for-profit and membership-
driven organisation designed
to inspire participation from
the collective in bringing
about a better Bahamas as
defined by its people,” repre-
sentatives said.

Earlier this month, WTP
announced as one of its ini-
tiatives the plan to establish
the Police Athletic League
(PAL), which will be geared
towards keeping young inner-
city children active and off the
streets.

CITY MARKET STORE EVACUATED
AFTER ROOF FIRE DURING REPAIRS

By DENISE MAYCOCK
Tribune Freeport Reporter
dmaycock@tribunemedia.net

BIFRARD Ri

FREEPORT - A small fire occurred on the roof of the
City Market Store downtown on Tuesday morning while
workmen were carrying out repairs on the building’s roof.

The store was safely evacuated around 9.52am. Normal
operations were later resumed after the fire was extin-

Diversion guished by firemen.
- â„¢\ Company officials reported that there was minimal impact
wo = ‘ae to the building.
> Asst Supt Loretta Mackey, press liaison officer, said two
| fire units were dispatched to the scene around 11.55am.
: She said firemen observed smoke coming from the roof of
the building and took immediate action.

When officers climbed onto the roof, they found several
persons attempting to put out the flames.

Ms Mackey said the officers were able to quickly extin-
guish the fire.

“It was reported that workers from a roofing company
were making repairs to the roof of the store using a blow-
torch and during the process ignited the insulation in the
roof. The smoke travelled through the air-condition ducts
and then into the store,” she said.

According to a press release issued by the company,
workmen hired by the building’s landlord were attempt-
ing to repair a part of the air conditioning system at the City
Market Store.

After the fire was extinguished, the store resumed full
operations at 11.35am.

ASP Mackey said no injuries were reported and the dam-
age was estimated at $300.

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THE TRIBUNE WEDNESDAY, MARCH 2, 2011, PAGE 7

Queen’s College remembers
the late Dr Keva Bethel

By BAHAMAS
INFORMATION SERVICES

CHAPLAIN JEVON NEELY gives
the benediction at the service of
thanksgiving.

THE contributions of the

late Dr Keva Bethel to
Queen’s College were
remembered on Monday as
administrators, faculty and
students of this institution
joined in a service of
thanksgiving for the educa-
tor who served on the
school’s Board of Gover-
nors.

The service included
scripture readings, prayers
and musical tributes by stu-
dents and the high school
choir. Administrators, mem-
bers of the school’s Board
of Governors, and repre-
sentatives of the Bahamas
Conference of the
Methodist Church reflected
on the talents and graces of
Dr Bethel as well as on the
many lives she touched.

Shawn Turnquest, vice-



pr aint



principal and head of the “unique,
high school, said Dr Bethel
never lost the twinkle in her

eyes.

“She was never rude, neg-
ative or disparaging. She
shared her views with love
and tenderness. She was

careful always to lift up, a
never to break down,” said
Mrs Turnquest.

Dr Bethel was recalled as

charming,
delightful, giant-of an edu-
cator”, whose memory will
forever be cherished.



DEPUTY HEAD BOY at Queen’s College, Celtson Toote, per-
forms ‘It Is Well’ on the trumpet during the thanksgiving service
for the late Dr Keva Bethel.

WELL-KNOWN SCIENTIST WANTS
TO ‘PROTECT BAHAMIAN SHARKS’



THE Bahamas is now one
of the world’s premier
shark-watching destinations
for divers, reeling in $800
million over the past 20
years for the national econ-
omy, according to the
Bahamas Diving Associa-
tion.

To protect this industry
and the sharks themselves,
Dr Guy Harvey, a well-
known scientist and marine
wildlife artist, has joined
the growing ranks of indi-
viduals and organisations
calling for strict regulations
to ban the commercial fish-
ing of all sharks in the
Bahamas.

In support of the pro-
gramme, Dr Harvey is
releasing a custom-designed
“Protect Bahamian Sharks”
campaign logo and poster
this week while visiting Nas-
sau to meet with govern-
ment officials.

“These magnificent ani-
mals have been admired for
years by divers visiting the
Bahamas and revered by
people around the world as
one of the great wonders
of the ocean,” said Dr Har-
vey.

“However, many species
of sharks are now being dri-
ven to the brink of extinc-
tion by over-exploitation,
fueled mostly by the Far
East’s demand for shark fin
soup.”

Bahamas National Trust
executive director Eric
Carey said that “due to a
ban on longline fishing gear
in the 1990s led by the BNT,
Bahamian waters are one of
the few places in the world
with relatively healthy shark
populations.”

Even with the ban on
longlining gear, sharks are
still considered at-risk in
Bahamian waters due to
other methods of fishing.
“There are currently no spe-
cific laws in the Bahamas
protecting these amazing
creatures,” said Matt Rand,
director of global shark con-
servation for the Pew Envi-
ronment Group.

“We are working with the
Bahamas National Trust to
raise awareness to establish
measures that will conserve
healthy shark populations
before it is too late.”

Scientists with the Inter-
national Union for Conser-
vation of Nature have esti-
mated that 30 per cent of
shark and ray species
around the world are threat-
ened or near-threatened
with extinction. The loss of
these animals could cause
irreversible damage to the
ocean’s ecosystem and result
in the loss of hundreds of
millions of dollars in the

tourist trade.

The Pew Environment
Group is the conservation
arm of the Pew Charitable
Trusts, a non-governmental
organisation that works
globally to establish prag-
matic, science-based policies
that protect our oceans, pre-
serve our wildlands and pro-
mote clean energy.

Dr Harvey will speaking
tonight at the BNT Retreat
on Village Road at 7pm.
Due to limited space inter-
ested persons had been
asked to RSVP before Feb-
ruary 28.

DR GUY HARVEY, scientist
and marine wildlife artist,
painting a great white shark.

ey Bethel Brothers Morticians

Telephone: 322-4433, 326-7030
Nassau Street, P.O.Box N-1026

Funeral Service for

PHILIP
"Black Balla"
BOWE, 66

of Water Gate, Eastern Road,
will be held on Thursday,
March 3rd, 10:00 a.m. at St.
Matthew's Anglican Church,
Shirley & Church Streets.
Rev'd. Fr. Crosley Walkine,
assisted by Rev'd. Fr. Don
Haynes, Rev'd. Fr. Dwight
Bowe and Venerable Keith
Cartwright will officiate. Cremation will follow.

Left to cherish his memories is his only son: Dwayne Bowe.
Two (2) brothers: James Maxwell (Ju) Bowe IT and Felix
Alexander (Ellie Mailman) Bowe. One (1) sister: McNeil
Jane (Neil) Bowe, sister-in-law: Isabel Bowe. Nieces: Ruth
Laisister, Bonnie Adderley, Yolanta Bowe, Gignell & Gillian
Bowe, Felicia & Felia Bowe, Felice Saunders, Cleo and
Naylisha, Antoinette (Toni) Bowe. Nephews: Felix Jr. &
Francis Bowe, Mario Bowe Sr. Dwayne Bowe, James Maxwell
III, Urie Bowe. Grandnieces and nephews: Justin, Jasmine
and Adrian Bowe, Miquel, Myo, Marianna, Monique Bowe;
Master Antonio Edgecombe, Mario Bowe Jr., Mrs. Sonia
Adderley, Elsa, Eithne, Simmone, Triza and Nakiter Bowe,
Antoine Bowe, Sidney, Anya and Alexis Sawyer, Darren &
Jaden Laisister. Other Relatives and Good Friends: Audrey
Francis, Grace and Denice Wallace, Yvonne White-Lewis,
Michelle White, Louis White, Dr. Austin Davis and Lana
Davis, Fr. Dwight Bowe, Fr. Keith Cartwright and Fr. Harry
Bain (Grand Bahama), Bishop Rudolph Bowe, Veronica
Bowe, Virginia Stubbs, Agnes Edgecombe, Una Bowe, Roy
Bowe & Mary Dames, Forrest Bowe Sr., Mizpah Johnson,
P. Colin, L.M. and Michael Bowe, Sonia Dames, Jan
McCartney, Corrine Fountain, Birdenia Taylor, Ann Stubbs,
FE Nigel Bowe, Kenneth Bowe, Mrs. Lillian Ward & family,
Mrs. Helen Bowe-Butler & family, Mr. Peter Bowe & family,
Vicki Grant & family, Adrian White-Lewis, Angela, Rudolph
Lorraine and Leonard White, Paula Crawley, Vincent Collins,
Charlie Major Sr. & Charlie Major Jr., Carlton Martin, Julian
Weech, The children of Michelle White, Mildred Taylor &
family, Dawson Major, Mervin Morris, ‘Honorable’ Obie
Wilchcombe, Godfrey 'Pro' Pinder, Joe Adderley, Donald
Daley, Francena, Henrietta, Eloise, Dale, Diane, Deidre,
Olga, Fredrick, Maxwell (Lyn), Jeffery, Robin, the Ferguson
family, the family of the late Bertram Bowe Sr., family of the
late Lillian Bowe, family of the late Zelma Bowe-Roberts,
family of the late Madeline Bowe-Ward, family of the late
Geraldine Holgerson, family of the late Montgomery "Monty"
Bowe, family of the late Sylvia Bowe-Newbold, family of the
late Mrs. Ismae Bowe-Ferguson, family of the late Charles
Bowe, family of the late Stafford Bowe, family of the late
Eloise Bowe-Ritchie, family of the late Alvira Bowe, family
of the late Ethel Bowe; family of the late Kathleen Bowe-
Nixon, family of the late Cecil Rose, family of the late Elgon
Bowe, the residents of Exuma, The Plantation Bar Fans, St.
Matthews Church and the Princess Margaret Hospital, Male
Orthopedic Ward Staffers.

Friends may pay their last respects at Bethel Brothers
Morticians, #44 Nassau Street on Wednesday from 10:00 a.m.
to 6:00 p.m. and on Thursday at the church from 9:00 a.m.
until service time.



Machinery & Energy Limited Caterpillar dealer in the
Bahamas are seeking a candidate to work as a
Parts Regional Manager, at our Nassau Office.

The Candidate should have the following

requirements:

¢ Have 7-10 years experience with the Caterpillar or
similar Product Line, have worked in a Caterpillar
dealership or a similar Organization;

¢ Have training in Ordering and Receiving Parts
Importation;

¢ Be able to Audit Parts Inventory; Cyclic Count
Procedure;

¢ Degree from an accredited University would be an
asset;

¢ Must be able to manager and motivate staff in the
Parts Department;

¢ Must have experience in process statistical control
in planning, programming and control of Caterpillar
industrial parts and Warehouse production process;

¢ Able to manage major components interchange
process; Hoses assembling process.

This candidate is required to be a professional who
thrives on the challenge of Managing Parts Inventory
and all other operational procedures within the Parts
Warehouse.

Send complete resume with education and work
experience to M & E Limited, P. O. Box N-3238,
Nassau Bahamas,

Attention: Office Administrator, or email

me@me-|td.com.

NOTE: Only persons being interviewed for this
position will be contacted.



TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM
PAGE 8, WEDNESDAY, MARCH 2, 2011

THE TRIBUNE



‘Best picture’ shows critical
hinge moment in histo



By LARRY SMITH

THIS year's Best Picture
Award went to a historical
drama called The King's
Speech, starring Colin Firth
(who also won Best Actor).
The film focuses on the
personal story of Stutter-
ing Geordie (father of the
present Queen Elizabeth),
who came to the throne by
accident. But that is really
just a subplot.

In actuality, the film
takes us back to a critical
hinge moment in history,
and this larger story is far
more gripping than the
well-acted relationship
between the staid king and
his blunt Australian speech
therapist Lionel Logue
(played by Geoffrey Rush).
If you haven't seen this
movie, you really should.

The historical context
centres on the waning days
of the British Empire, and
includes the abdication of
King Edward VIII, the
looming catastrophe of the
second world war, and the
creation of the modern
world — exemplified by the
introduction of radio

Gripping storyline in
The King’s Speech

broadcasting.

The current British roy-
al family springs from the
1840 marriage of Queen
Victoria to the German
Prince Albert of Saxe-
Coburg-Gotha. The name
Windsor was invented in
1917 by George V (Victo-
ria's grandson), who hada
German wife and was wor-
ried about the anti-German
feeling produced by the
First World War.

Abdication

These close familial ties
had a lot to do with the
abdication of Edward in
1936, although the pretext
was his marriage to a
twice-divorced American
named Wallis Simpson.
When Adolf Hitler became
ruler of Germany in 1933
and began preparations for
war, the heir to the British
throne was a major liabili-
ty, as both he and Wallis
were sympathetic towards
the Nazi regime.

Stanley Baldwin, prime
minister at the time, used
the constitutional issue of

COLIN FIRTH (above and right) as King George VI, alongside Geof-
frey Rush in The King’s Speech. The film takes us back to a critical

hinge moment in history. (AP)

Wallis’ status as a divorcee
to force the king into a
choice between abdicating
or being publicly humiliat-
ed. Edward chose to abdi-
cate. He married Wallis in
1937 and was eventually
exiled to the Bahamas as
governor for the duration
of the war.

According to declassi-
fied British and American
files, Edward and Wallis
both passed secret infor-
mation to the Nazis. And

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during a much publicised
1937 visit to Germany,
against the advice of the
British government, they
were fawned over by Nazi
leaders — including Hitler
himself.

Simpson had also been
the lover of German
Ambassador Joachim von
Ribbentrop, (who went on
to become Hitler’s foreign
minister); and Edward had
been identified by Hitler
as a potential puppet king
of England after the antic-
ipated Nazi victory.

In 1939 — only four
months before the war
began — Edward recorded a
statement calling for peace
with Germany, which the
BBC refused to broadcast.
And as the British liaison
officer with French forces
on the continent, he passed
useful information to
Hitler as Germany planned
to attack France.

After the successful
German invasion, the duke
fled his post for a hotel in
Biaritz, near the border
with Spain, where he con-
tinued to communicate
with the Nazis, even ask-
ing the Gestapo to collect
his belongings from Paris.
He eventually made his
way to fascist Spain, where
he advised the German
ambassador in July 1940
that “continued heavy
bombing would make Eng-
land ready for peace.”

Bahamas

At this point, rather
than ordering a court mar-
tial, Prime Minister Win-
ston Churchill sent the
Windsors to the Bahamas
to keep them out of con-
tact. Although a paradise
to some, the Duke and
Duchess were not amused
by their Bahamian idyll.

"T hate this place more
each day," Wallis said at
the time. "We both hate it.
The locals are petty mind-
ed."

In a December 1940
interview with an Ameri-
can journalist who was a
friend of President
Franklin Roosevelt, the
Duke said it would be a
tragedy for the world if
Hitler were overthrown
and advised the journalist
to tell this to Roosevelt — in
an effort to persuade the
US not to enter the war.

On their visits to Miami
the Windsors were always
closely watched by Ameri-
can and British agents.

Edward's brother, the
stammering King George
VI, reigned from 1937 until
his death in 1952.

And as Colin Firth point-
ed out, “His only job was
to speak for the nation on
live radio — I mean, how

there is

cruel was that? ...
no recording yet, there is

no editing for radio... this
is live to the empire.” But
eventually, Churchill (a
longtime friend of
Edward's) was to say:
"Your Majesty, I was very
much mistaken in my esti-
mate of your brother. You
are a much better king
than he was."

The film opens with
George, as Prince of
Wales, giving a painful
closing speech at the
British Empire Exhibition
in London in 1925. It ends
with his first live radio
broadcast to the empire at
the outbreak of World War
II, choreographed by
Logue. You can hear a
recording of the real king's
speech here:

http://www.bbc.co.uk/archiv
e/ww2outbreak/7918.shtml

THANKS FOR
THE MEMORIES

It was the days of wine
and roses all over again.

A couple dozen middle-
aged folks sitting beneath a
moonless sky savouring
one of Pat Rahming's rare
musical excursions; and
singing along to "a passing
breeze filled with memo-
ries", like the pensioners
we all thought we'd never
be.

They are not long, those
days of wine and roses. But
in the company of relatives
in the Ebenezer graveyard,
we entered for a time into
the misty dream of the
1960s, when Pat honed his
personality performing folk
music while studying archi-
tecture in Montreal.

Later, during those
heady days of cultural
emancipation in the 1970s,
Pat launched his incendi-
ary writing career — pro-
ducing a stream of poetry,
songs and essays, and
becoming perhaps the
quintessential Bahamian
storyteller of our time.



He read and performed
some of that remarkable
output last night at a cosy
little event sponsored by
the West Nassau Rotary
Club to raise money for
Programme SURE, in sup-
port of youth develop-
ment. The event also fea-
tured stunning works of art
by Deborah Saunders-
Weech.

Community

"I write for therapeutic
reasons," Pat told the
online literary journal
Tongues of the Ocean in
2009, "to have a conversa-
tion with myself about
things that are on my mind,
and to serve as a voice for
the community of which I
am a part. The role of the
poet is the same as that for
all artists -- to share
insight."

His greatest local musi-
cal influence was Charlie
Adamson, a gas station
attendant on Blue Hill
Road who played guitar
left-handed and sang about
things that happened in the
community.

Internationally, his
favourites include Paul
Simon and the Mighty
Sparrow.

Put those flavours
together and you get classic
Bahamian songs about
gambling addicts, biggety
women, trolling tour guides
and shifty politicians.

Sitting in the cool back
yard of Orry Sands’ office
next to Ebenezer
Methodist Church, it was
easy to look back towards
that door marked "never-
more", that wasn't there
before.

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



THE CHRIST COMMUNITY CHURCH Youth Dance Troupe performing their routine.

Grand Gospel Concert

Closes out Defence Force
anniversary celebrations

THE Royal Bahamas
Defence Force officially closed
out its 30th anniversary cele-
brations with a Grand Gospel
Concert held at the Christ
Community Church on Bellot
Road.

The well-attended event fea-
tured the Royal Bahamas
Defence Force Mass Choir
accompanied by skilled musi-
cians from the Defence Force
Band.

Also offering renditions dur-
ing the evening were the Royal
Bahamas Police Force and Pub-
lic Service Choirs, the Gospel
Flashlights from Cat Island, the
Christ Community Church
Youth Dance Troupe, Clement
Penn from the Immigration
Department and the comedy
act of Dynamite Daisy.

Karen Rigby, Deputy Per-
manent Secretary in the Min-
istry of National Security,
retired Commodore Leon and
Mrs Smith and host pastor, Dr
Deanza and Mrs Cunningham
were in attendance as honoured
guests of the Commander of
the Defence Force Commodore
Roderick Bowe and his execu-
tive and leadership team.

Throughout the evening,
items donated by Island Mer-
chants Limited, Kelly’s Home
Centre, John Bull and the
Bahamas Telecommunications
Company were handed out as
door prizes, adding to the
appeal of the evening as every-

THE Bahamas Public Officers
Choir performing a selection.

one vied to be the lucky ticket
holder to walk away with the
cameras, gift cards, gift baskets
and Blackberry packages.

The event was held last Fri-
day under the theme, “A High-
er Call to Service,” and the
Defence Force sought to live
up to this by donating a multi-
function copier/printer/scanner
to the Christ Community
Church’s Youth Group at the
end of the evening.

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WEDNESDAY, MARCH 2, 2011, PAGE 9








ROTARY International
has asked all Rotary
Clubs to make literacy
advocacy part of their
community service efforts.

This year, the Rotary
Club of East Nassau was
glad to provide the stu-
dents of TG Glover Pri-
mary School with a full set
of ‘Lessons in Literacy’
teaching packages for
grades one to six to help
them with their reading
fluency, comprehension,
vocabulary and literature
skills.

RCEN president Joanne
Smith and Michele
Rassin, literacy chair for
District 7020, made the
donation on behalf of the
club to the teachers and
students of TG Glover
School.

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PAGE 10, WEDNESDAY, MARCH 2, 2011

THE TRIBUNE



LOCAL NEWS

CHINESE FIRM SCHEDULED FOR MAJOR
CONSTRUCTION WORK IN FAMILY ISLANDS

FROM page one

port and a bypass road in
North Abaco and work on the
bridge in North Eleuthera.

He added the financing for
the projects is expected to
come from the China Export-
Import Bank and it will be a
design/build contract, with the
work expected to start this
year in North Abaco, then the
Exuma project is expected to
commence next.

“There have been many dis-
cussions about a port for Exu-
ma, over many, many years,”
Prime Minister Ingraham said
while visiting the island last
Sunday. “We have finally set-
tled on it.”

Mr Ingraham and a delega-
tion visited sites on Exuma for
infrastructural development,
such as the old naval base site
and the dock in George Town,
the Ferry Bridge and Williams
Town, Little Exuma. The old
naval base site will be the loca-
tion for the port.

Also in the delegation were
Minister of State for the Envi-
ronment Phenton Neymour,
Minister of State for Land and
Local Government Byran
Woodside, senior government
officials, outgoing Ambassador
of the People’s Republic of
China Hu Dingxian and rep-
resentatives of the China Har-
bour Company.

“The China Harbour Com-
pany will do a feasibility study,
we will do an environmental
study and a feasibility study,”
Prime Minister Ingraham said.
“It is our intention for them
to proceed to construction
drawings and to produce for
us a design/build project.

“We are seeking the input
of the local community of
Exuma to take account of any
views they might have.

“We will definitely hold a
town meeting with the public
before final decisions are
made, to take into account any
suggestions the public may
have about what we plan to
do.

“Exuma is becoming an
important economic centre in
the Bahamas. In revenue

terms, it is about fourth in the
Bahamas and a lot of activity
is taking place.”

Mr Neymour said several
factors, including marine and
water current considerations,
make the old naval base site
the better site for the port.

“Exuma has significantly
increased in population over
the last 10 years and so the
Government recognises the
need for improving the port
facilities here,” he said.

Mr Neymour added that a
new sewerage facility would
be instituted to meet the grow-
ing needs of having such a port
facility on the island, especial-
ly in terms of the collection of
waste from watercraft.

“This is a new facility, where
we will have a boat collecting
sewerage from these vessels,
delivering it to the mainland
and the sewerage is treated,”
he said. “It is one of the first
of its kind in the region and
we are indeed pretty proud to
begin to treat sewerage that is
produced by marine vessels.

“It is a step forward for The
Bahamas.”

Mr Woodside said: “I am
most assured that local gov-
ernment practitioners, from
the Chief Counsellor down,
will support this effort and will
work closely to ensure that
everything is put in order for
the betterment of Exuma.”

MP for Exuma Anthony
Moss said: “I am happy and
pleased that it will finally come
to fruition.

“The harbour is where we
need for persons to access the
island via sea vessels, as well
as the majority of our food
that comes to the island; so I
am pleased to be here today
to see this taking place.”

Prime Minister Ingraham
said: “We are planning for the
long-term development of
Exuma.

“The development will take



DELEGATION MEMBERS and local
stakeholders inspect the old naval base



















































































site in George Town, Exuma.

Eric Rose/BIS

a number of years. We will
commence with the port here
and also with the construction
of the mini hospital. We will
commence those two projects

PRIME MINISTER Hubert Ingraham (second left), Minister of
State for the Environment Phenton Neymour (left) and Ambas-
sador of the People’s Republic of China Hu Dingxian (second
right) inspect the old naval base site in George Town, Exuma.
The site is planned to be the location for the new port in Exuma.









hopefully during the course of
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Man dies in hospita





in year’s 18th murder

FROM page one

uary and 10 people in February. According
to Tribune statistics for this year, 12 people
were murdered in January and six people in

February.

The latest victim was unresponsive when
police found him in a dark coloured Honda
at Homestead Street shortly after 11pm last
week Tuesday. He died in hospital six days
later. It was reported that he had sustained

injuries to the head.

Meanwhile, police continue to urge the
public not to withhold their possessions from

armed robbers.

evening.

The 51-year-old man was parked in the
driveway in front of his home on Sea Breeze
Drive when he was approached by a man
armed with a handgun. The culprit attempt-
ed to rob him of his vehicle, a 2002 Dodge

FROM page one

and BTC were also requested
to attend. However, only
members of BTC’s union were
present, according to reports.

At the outset of the meet-
ing, it is understood one of
those attending jumped to his
feet and indicated the meet-
ing appeared to be organised
as an “anti-Hubert Ingraham
event”, and that if this were
so he would have nothing to
do with it.

Another person, who it was
said worked at BTC, suggested
the government should not sell
BTC, but rather “give it
away.”

“Tt was a big bust up,” said
an FNM councilwoman who
attended.

“The invitation never said
only Bamboo Town people,
so we came to see what was
said. He didn’t like that too
much because he shut it down
before 9pm,” she said.

As an outspoken member
of his own party, reports have
also reached The Tribune that
the meeting’s “bust up” was

Ram truck, and a struggle followed between
the two men. According to police reports,

FNMs ‘bust up
Bran meeting

staged by FNMs who are loyal
to the party’s leader, Mr Ingra-
ham.

This much was admitted
unintentionally by another
source who said that while she
and another person attending
were not members of the con-
stituency, they made an effort
to not identify themselves as
FNMs “as per instructions.”

When asked to respond to
these reports, FNM chairman
Carl Bethel said: “In no way
did the FNM organise people
to disrupt Mr McCartney’s
meeting.”

In fact, he said, the party
actually encouraged people to
take part, as the meeting was
being run by an FNM and the
party would have liked to have
seen it well attended.

“However, if passions
became inflamed, that is
another matter completely,”
he said.

“Anyone who may have

the victim drove himself to the hospital after
he was shot in his stomach.

Following the fatal shooting of a 27-year-
old man this weekend, police appealed to
victims to remain calm. The Domingo
Heights resident, was discovered lying face
down inside his apartment wearing a yel-
low T-shirt and denim shorts on Saturday
evening. According to police, he became
the country's 17th murder victim after he
resisted two masked armed men who
entered his home demanding cash. The rob-
bers were armed with a shotgun and a hand-

A 51-year old Sea Breeze resident isin SUD.
serious condition at hospital after he strug-
gled with an armed robber on Monday

Victims are urged to fully scrutinise their
assailant; looking for any scars or markings
on their arms, face, and neck, in addition to
clothing, height and physical build.

Anyone with any information that might
assist police investigations should call 911,
919 or call Crime Stoppers anonymously on
328-TIPS (8477).

been passionate would have
had their own heart-felt rea-
sons for being passionate — I
wasn’t there — and I mean
political passion.

“Now I have heard what
everyone else has heard. I
have heard that the meeting
was not run well. But that is
not for me say,” he added.

Repeated attempts to reach
Mr McCartney for his version
of what transpired at the meet-
ing proved fruitless up to press
time last night.

However, the MP’s Face-
book page was updated yes-
terday with 28 photos from the
meeting.

Under the photo album, the
MP wrote: “I would like to
thank all persons who attend-
ed the Bamboo Town com-
munity meeting. Indeed, it is
important that my constituents
are informed of all the facts
regarding the sale of BTC and,
hence, the essence of the meet-
ing was the dissemination of
information and hearing the
views of my constituents.”

The meeting was held at the
CV Bethel High School on
East Street South.

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


THE TRIBUNE

WEDNESDAY, MARCH 2, 2011, PAGE 11



INTERNATIONAL NEWS

UN: Libyan refugee ‘crisis’ tops 140,000

GENEVA
Associated Press

VIOLENCE and chaos in
Libya have triggered an exo-
dus of more than 140,000
refugees to Tunisia and
Egypt, a U.N. official said
Tuesday, as aid workers
warned the situation at the
Tunisian border has reached
crisis point.

Officials say the situation
has been made even more
volatile by humanitarian aid
workers being blocked from
reaching western Libya,
patients reportedly being
executed in hospitals, or
shot by gunmen hiding in
ambulances

At the Libya-Tunisian
border — where authorities
say up to 75,000 people have
gathered in just nine days —
"the situation is reaching cri-
sis point,” U.N. refugee
agency spokeswoman Melis-
sa Fleming warned.

She said 14,000 people
fled to Tunisia on Monday
and another 15,000 are
expected to flee Tuesday.

The U.N. is setting up
enough tents to hold 12,000
people and plans two more
airlifts Thursday to bring in
tents and supplies for 10,000
more, but water supplies are
"precarious," she warned.

Italy said late Tuesday
after an emergency meeting
on the Libya crisis that it will
send a humanitarian mission
to the Tunisian border to
assist some 10,000 refugees.

In Egypt, authorities said
another 69,000 people have
fled into the country from
Libya in the past 10 days,
most of them Egyptians who
have already been taken to
other towns and cities.

Thousands of Vietnamese
and Bangladeshis at the
Libyan side of border with
Tunisia are "in urgent need
of food, water and shelter,"
said Jemini Pandya, a
spokeswoman for Interna-
tional Organization for



has been trying to leave Libya
for over six days, walks near the
water as he waits at the port in
the eastern city of Benghazi,
Libya, on Tuesday. (AP)

Migration. Nepalese,
Ghanaians and Nigerians
are also sleeping unprotect-
ed at the borders, she added.

"With thousands of
migrants still awaiting autho-
rization to enter Tunisia,
there is an urgent need to
decongest the border area
which lacks adequate facili-
ties to host large numbers
of people,” IOM's Tunisia
mission chief Marc Petzold
said.

IOM officials say many
thousands of people are also
stranded at Libya's Beng-
hazi port in cold weather
and with scant supplies of
food. The organization said
it is trying to arrange evacu-
ation for those people by
boat to Alexandria in Egypt.

Thousands of Vietnamese,
Egyptians, Indians, Turks,
Tunisians, Chinese and Thai
laborers are streaming
across the border at Ras
Adjir, in Tunisia lugging
mattresses, blankets, over-
stuffed duffel bags and suit-
cases on wheels. Some
recount memories of being
subjected to mock execu-

- a cE +,



EGYPTIAN WORKERS who crossed the Tunisian border react to a photographer after fleeing Libya on the Libya-Tunisia border in Ras Ajdir,

"

Tunisia, Tuesday, March 1, 2011. U.N. refugee agency spokeswoman Melissa Fleming said Tuesday ‘the situation is reaching crisis point’ at
the Libya-Tunisia border where authorities say up to 75,000 people have fled Libya since Feb. 20. The Placard reads: ‘Egyptian people are in
Tunisia. What our national embassy is doing for us?’. (AP)

tions as they knelt in front of
the Libyan army, or of hid-
ing in the desert while await-
ing rescue.

Fleeing workers were also
being targeted by opponents
of Gadhafi, mistaking them
for mercenaries allegedly
being used to quash the
rebellion that has swept
through large parts of the
country, said aid officials
speaking on condition of
anonymity for fear of
reprisals.

The Libyan embassy in

Vienna — which has turned
its back on Gadhafi, as has
other delegations in New
York and Geneva —
described the "repression
and premeditated murder of
the Libyan population” as
"terrible and indescribable."
Embassy staff issued a
statement urging Gadhafi to
"summon his courage and
make public an immediate
and determined decision in
which he meets the demands
of the people to resign to
prevent more bloodshed."

German minister quits

Fleming said refugees
have described people being
targeted and killed, and oth-
er said they were trapped,
threatened and hunted.

"Others tell us about
forced evictions and attacks
on their homes," she said

International Committee
of the Red Cross spokes-
woman Anna Newton said
ambulances and hospitals
were being "misused" in
ways that threatened the
lives of people trapped in
the unrest.

She said her organization
was trying to prevent "cred-
ible" but unspecified reports
of an undetermined number
of patients being executed
in Libyan hospitals.

German Foreign Minister
Guido Westerwelle on Tues-
day urged the U.N. appoint
someone to coordinate
efforts in Libya, and serve
as the face of the interna-
tional community there.
"We need a U.N. special
envoy to and for Libya," he
told reporters.



amid plagiarism scandal





BERLIN
Associated Press

GERMANY'S popular defense
minister resigned Tuesday amid a
deepening scandal over plagiarism alle-
gations that threatened to become a
liability for Chancellor Angela
Merkel's conservatives in upcoming
regional elections.

Karl-Theodor zu Guttenberg
announced his decision days after
Bayreuth University revoked his doc-
toral title. It said he had violated aca-
demic standards in his thesis by failing
to sufficiently credit some of his
sources.

Guttenberg, who initially called the
allegations “absurd,” later admitted
"grave mistakes" but denied having
deliberately deceived anyone. Merkel
stood by him for nearly two weeks
after the allegations emerged, arguing
that they had no bearing on his work
as defense minister.

However, a steady drip of allega-
tions kept the scandal going, and Gut-

tenberg said it threatened to over-
shadow policy issues such as a major
overhaul of the German military and
troops’ mission in Afghanistan.

"It is the most painful step of my
life," Guttenberg said as he announced
his resignation at his ministry. "I am
drawing the consequences that I have
and would have demanded of others."

"Like others, I have to stand by my
weaknesses and mistakes," Gutten-
berg said. "I will gladly concede to my
opponents that I was appointed not
to be the self-defense minister, but the
defense minister.”

Guttenberg submitted his doctoral
thesis in 2007, five years after becom-
ing a conservative lawmaker. German
media reported late Tuesday he would
also give up his seat in parliament.
Guttenberg's office was not immedi-
ately reachable for comment.

Merkel said she accepted "with a
heavy heart" the resignation of the 39-
year-old, long rated Germany's most
popular politician.

Guttenberg "is a person with out-

GERMAN DEFENCE MINISTER Karl-Theodor
zu Guttenberg attending a debate at the Ger-
man federal parliament in Berlin, Germany,
recently. Germany's most popular minister
resigned Tuesday, March 1, 2011 over alle-
gations of a plagiarized doctoral thesis. (AP)

standing political talent, with an excep-
tional ability to reach people's hearts
and enthuse them for politics," she
said.

Still, his departure may actually do
her a favor, with six of 16 Germany's
states due to hold regional elections
this year. Three of those votes come in
late March; one, in the southwestern
state of Baden-Wuerttemberg, offers a
tough test for Merkel's center-right
coalition.

Although Guttenberg still inspired a
degree of public sympathy, “he would
have damaged his party if he hadn't
resigned" and the scandal had dragged
on, said Manfred Guellner, the head of
the Forsa polling agency.



GERMAN CHANCELLOR Angela Merkel, centre, types a text message on her cell phone as she visits the Cebit tech fair in Hanover,

northern Germany, Tuesday. (AP)

Guttenberg is a member of the
Christian Social Union, the Bavaria-
only sister party to Merkel's Christ-
ian Democratic Union. The CSU itself
doesn't face voters this year, but Gut-
tenberg had been expected to cam-
paign for Merkel's party.

Guttenberg became the rising star of
Germany's center-right after being
thrust into Merkel's Cabinet two years
ago as economy minister. He built a
reputation as a plain-speaking man of
action in that job and then, after Ger-
many’'s 2009 election, as defense min-
ister.

In recent months, he pushed
through a plan to end conscription —
part of an effort to slim down the Ger-
man military and make it better adapt-
ed to an era in which it faces growing
demands to deploy overseas.

The chancellor said her government
would carry through the "indispens-
able" reforms.

Merkel said it was too early to name
a successor but a decision will be made
"shortly." She added that Guttenberg's
CSU has the right to nominate the
new minister if it chooses to.

Germans appeared to agree it was
time for Guttenberg to go.

"I think it's a pity because he was a
good minister," said Monika Schmid,
from Wangen in his home state of
Bavaria. "At the end of the day, how-
ever, it was right — because you just
can't do that, plagiarize a thesis."

The resignation was "the logical









consequence” of his actions, Berlin
accountant Christiane Rost said. "But
basically, this step has come a bit too
late."

The opposition berated Merkel for
clinging to Guttenberg even amid a
growing outcry from the academic
world.

Merkel "has embarrassed herself,
her credibility is damaged and she has
damaged the reputation of politics,"
said Thomas Oppermann, a senior
lawmaker with the center-left Social
Democrats.

Oskar Niedermayer, a political sci-
ence professor at Berlin's Free Uni-
versity, said Merkel did herself few
favors by trying to separate Gutten-
berg's activities as a politician and aca-
demic, since the allegations went to
the heart of the credibility on which he
built his political career.

Still, he said he doesn't see "serious
negative effects for her in the long
term."

Merkel held out hope of an eventu-
al comeback for Guttenberg, who said
he is committed to clearing up ques-
tions that remain over his dissertation.

"IT am convinced that we will, in
whatever form, have the opportunity
to work together in the future,” she
said. For now, though, it's unclear
whether he will seek to return.

"IT was always ready to fight, but I
have reached the limits of my
strength,” Guttenberg said as he end-
ed his resignation statement.

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


PAGE 12, WEDNESDAY, MARCH 2, 2011

THE TRIBUNE





REPORTS SAY IRAN
USED TEAR GAS 10
DISPERSE PROTESTERS

TEHRAN, Iran
Associated Press

POLICE in Tehran used tear gas and
batons Tuesday to disperse anti-government
protesters demanding the release of opposi-
tion leaders, with several people arrested in
the biggest street clashes in Iran's capital in
more than two weeks, witnesses and opposi-
tion websites said.

Protesters rallied at several points in the
capital, chanting "Death to the dictator" and
urging authorities to free Mir Hossein
Mousavi and Mahdi Karroubi, whose family
and supporters claim are now under full-time
detention, according to kaleme.com.

Witnesses said riot police charged on pro-
testers in central Tehran to try to scatter
crowds. Some police took swipes at cars
whose drivers were believed to be honking
their horns in support of the demonstrators.

Family members and opposition activists
say the two leaders have been moved from
house arrest to a Tehran prison along with
their wives.

Iranian authorities deny the reports, but the
two opposition leaders have not been seen in
public or have posted statements on their
websites in more than a week.

Crackdown

Mousavi and Karroubi were put under
house arrest after they called for a Feb. 14
protest rally, the largest in more than a year
following a relentless crackdown by Iranian
authorities.

Clashes between protesters and security
forces during the demonstrations killed two
and wounded dozens.

The opposition movement — dispirited and
in disarray just a month ago — has been
revived by inspiration from the Arab world's
political revolts and the reports of the deten-
tions of Karroubi and Mousavi, who claims he
was rightful winner of 2009 election and that
President Mahmoud Ahmadinejad was re-
elected through massive vote fraud.

Both Mousavi and Karroubi — who also
ran in the June 2009 election — have been
under increasing pressure from authorities
who crushed street protests by their support-
ers.

The protests that swept Iran after the dis-
puted election grew into a larger movement
opposed to Iran's ruling system. Hundreds of
thousands peacefully took to the streets, but a
heavy security crackdown crushed the
protests.

Iran's leadership has rejected calls by hard-
liners to bring the two to trial on anti-state
charges, fearing that it could serve as a rally-
ing point for the beleaguered opposition's
supporters.

The current claims about their detentions,
however, could also help to re-energize oppo-
sition forces.

Questions

Foreign Ministry spokesman Ramin
Mehmanparast said Iran will not respond to
international questions about the where-
abouts of the two, adding that the country
considers the matter a "completely domestic"
affair.

The semiofficial news agency ISNA quoted
state prosecutor Gholam Hossein Mohseni
Ejchei as saying the two were not detained
but did not elaborate.

On Monday, he said authorities have cut all
outside contact with them as part of a cam-
paign to silence dissent.

However, the opposition and their relatives
said they are being held in a military garrison
in Tehran.

There has been no independent confirma-
tion of their location.

White House spokesman Jay Carney told
reporters Monday: "We obviously find the
detention of opposition leaders to be unac-
ceptable and we call on them to be treated
well and released."

Mehmanparast denounced outside pres-
sures to clarify the status of the two opposi-
tion figures.

"The internal issues of our country are com-
pletely domestic and no country is and will be
allowed to interfere in the internal affairs of
our country," he told reporters.

Mehmanparast said any "issues relating
to" Mousavi and Karroubi "will be dealt in
the framework of law by judicial authori-
ties."

SLL

Hib

INTERNATIONAL NEWS



IN THIS DEC. 29, 2010 FILE PHOTO, Cecilia Victoria Perez, second from left, and Maria Francia Perez, third from left, daughters of the former Venezue-
lan president Carlos Andres Perez, sit with with Cecilia Matos, left, during the funeral mass for Perez at the St. Thomas the Apostle Church in Miami.
A judge suggested anew Friday Feb. 18, 2011, placing the body of the former Venezuelan President in a crypt temporarily to allow more time to settle
a family dispute over his final resting place. (AP)

Judge: temporary tomb for
ex-Venezuelan president

MIAMI
Associated Press

A judge on Tuesday ordered
the body of former Venezue-
lan President Carlos Andres
Perez temporarily placed in a
Florida tomb to allow more
time to settle a dispute
between his estranged wife and
his longtime companion over
his final burial site.

Circuit Judge Arthur
Rothenberg cited a duty to
have the body interred more
than two months after Perez's
Dec. 25 death in Miami at age
88. Rothenberg said criminal
charges have been brought in
other states when a body
remains unburied for such a
long time.

"One must add the overrid-
ing concern for the dignity of
Carlos Andres Perez — that
he be treated with honor and
respect, as much in death as in
life," Rothenberg wrote.

The order won't take effect
immediately, providing time
for possible review by Flori-
da's 3rd District Court of
Appeal. Perez's estranged
wife, Blanca Rodriguez de
Perez, objected to the tempo-
rary entombment because it
would make an open-casket
funeral impossible.

Rothenberg's order indicat-
ed that may not matter,
because it appears the case
could drag into the summer,
"well beyond the most opti-
mistic testimony regarding
intact preservation of earthly
remains, even those which
have been embalmed and kept
refrigerated.”

One daughter of Perez and
his estranged wife in Caracas,
Venezuela, said her family
wants a final burial decision
soon and will discuss with
attorneys whether to appeal
moving her father's body from
a funeral home refrigeration
unit to the temporary crypt.

"What we want is for my
father's remains to rest in
peace," Carolina Perez
Rodriguez told The Associated
Press by telephone, speaking
in Spanish. "They aren't going

Melati
Snes

ult



"i -

JUDGE ARTHUR ROTHENBERG, left, listens to Juan C. Antunez, right, attorney for Blanca Rodriguez de Perez,

estranged wife of Carlos Andres Perez, in Miami, yesterday. His estranged wife and longtime mistress Cecilia Matos
have been arguing since he died Dec. 25 about where to bury him. His estranged wife wants his body brought
back to Venezuela. His mistress wants him buried in Miami. A new dispute has erupted in Florida over former
Venezuelan President Carlos Andres Perez's assets. Now they're arguing about what has happened to his
papers, art and memorabilia. His estranged wife's attorney says the items are being hidden. But attorneys for the
mistress claim they are being stored for safekeeping. (AP)

to rest because moving him to
a crypt now, only to move him
later on to another crypt or to
a coffin ... It's better to leave
him there."

One of two daughters of
Perez and his companion,
Cecilia Matos, said her family
was pleased with the ruling.

"The dignity of our father
should be the priority," Cecil-
ia Perez Matos said.

As the surviving spouse,
Rodriguez de Perez contends
she has the right under Florida
law to take her husband's body
back to Venezuela, where
Perez was president from 1974-
79 and from 1989-93. Matos
contends that Perez adamant-
ly opposed burial in Venezuela
as long as his bitter political
enemy Hugo Chavez remained
president and that the couple
had bought two crypts for U.S.

burial.

The order Tuesday says that
placing Perez's body in an
aboveground tomb for now
will give neither side an advan-
tage in the ultimate outcome
and will prevent a rush to judg-
ment.

"The issues can be fully
explored by the parties and
presented in a tranquil envi-
ronment, free of haste which
so often results in error,"
Rothenberg wrote.

Trial of the feud is currently
scheduled to begin March 21,
but Rothenberg plans to set a
new date after conferring with
both sides.

The judge last month
appointed a curator to inven-
tory assets, historical items,
papers, artwork and comput-
er files Perez had in Miami.
Rodriguez de Perez's attorney,

Juan Antunez, accused the
Matos side of moving items to
a warehouse in an effort to
hide them.

The Matos side, meanwhile,
contended that the items were
moved for safekeeping and to
guard against possible theft by
Venezuelan agents.

Perez had a mixed record in
Venezuela, popular in his first
term for a period of prosperity
after he nationalized the coun-
try's oil industry. Perez's pop-
ularity plunged in his second
term as he backed economic
austerity programs that includ-
ed hiking subsidized gasoline
prices. Anger among the poor
boiled over in 1989 riots that
left hundreds dead.

Perez survived two coup
attempts in 1992, the first led
by Chavez, then a young army
lieutenant colonel.

RATT a Ae

SE tees

TPS | FBI



Wun es

Buia




CWC's ‘non-
compete’
clalise on
BIC cables

* Development of existing fibre
optic infrastructure, such as
Haiti cable, must ‘happen
under BIC banner’ and not
other CWC affiliates

* Former BIC chief claims
company lost ‘first option’ on
$12m Cuba cable and $30m
Haiti wireless build-out after
2007 election

* Says his strategy involved
expanding BIC ‘beyond four
walls of Bahamas’ and
competing in Caribbean

By NEIL HARTNELL

Tribune Business Editor

Cable & Wireless Commu-
nications (CWC) can only fur-
ther develop the Bahamas
Telecommunications Compa-

ny’s (BTC) existing fibre optic ;
infrastructure outside the }

Bahamas, such as the cable sys-

tem link to Haiti, via the
Bahamian telecoms provider
and not one of its other
Caribbean subsidiaries, Tribune

Business was told yesterday.

Julian Francis, BTC’s exec- :
utive chairman and a leading

SEE page 2B

AML Foods to
continue share
buy hack plan

* Food retail group pledges
to halt ‘any downward trend’
in stock and ‘mop up’
undervalued shares coming
on to market

* Chairman said hostile bid
has made all Bahamian
public companies ‘more
aware’ of shareholder
relations/management

By NEIL HARTNELL

Tribune Business Editor ;

AML Foods yesterday said }
it will continue with its share

buy back initia-
tive to arrest

trend” in its
stock price and
“mop up”
undervalued
shares that
come on to the
market, its
chairman
adding that the recently with-

SEE page 4B

DIONISIO
D’AGUILAR



THE TRIBUNE

usine

WEDNESDAY,

SECTION B ¢ business@tribunemedia.net

$12m Port facility's
year-end open goal

: i Arawak Development firm seeking ‘design/build solution’ for
_ Gladstone Rd ‘break bulk’ location in 4-6 weeks
Port marine works 50% complete, with $20m of construction

_ budget spent

Hi Upland work on $2 million warehouse now started
_ i $30m private placement to happen ‘by year-end’; no word on IPO

: By ALISON LOWE
i Business Reporter
? alowe@tribunemedia.net

i The Arawak Port Devel-
? opment Company (APD) has
? begun its search for Bahamian
? contractors to design and
? build the planned inland ter-
? minal to house imported
? ‘break bulk’ goods, a project
? its chief executive yesterday
i said is estimated to cost $12
? million.

This latest stage of the work
? required to complete the
? Arawak Cay port comes as

SEE page 3B

i By NEIL HARTNELL
i Tribune Business Editor

: Robin Hood’s president
? yesterday said he was pre-
? pared to listen to mergers
? and acquisitions proposals
: from City Markets’ princi-
? pal, Mark Finlayson, and
? entertain consolidation
? between the two food retail-
i ers “if it makes financial
? sense for us”.

Agreeing that Mr Fin-
: layson was “right on the but-
} ton” in terms of the need for
? consolidation in the Bahami-
? an food retail industry,
? Sandy Schaefer told Tribune
: Business it would “be fool-
? ish” not to hear out any pro-
? posals he submitted in case
: they proved attractive.
: Asked whether he would
? listen to any offers submit-
? ted by Mr Finlayson to

4 : acquire Robin Hood and/or

} merge it with City Markets,
? Mr Schaefer responded: “Of
? course, if it makes sense. I
: think his strategy - the idea
i of consolidation - makes
? sense.

: “There are too many play-
: ers in the field and you need

SEE page 4B

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(242) JG7-3135



royaltidelity.com

‘Look forward,
not back,’ BTC
buyer tells PLP
and the unions

Says deal is ‘best outcome’ for Bahamas, and warns
‘uncertainty’ over BIC future ‘will help no one’

By ALISON LOWE
Business Reporter
alowe@tribunemedia.net

Cable and Wireless Communications (CWC) has asserted
that its acquisition of the 51 per cent majority stake in BTC is
the “best outcome” for The Bahamas, contrary to suggestions
by the Progressive Liberal Party (PLP) and unions, adding the
deal’s opponents need to “look forward, not back”, and that
“uncertainty” about BTC’s future serves no one.

A CWC spokesperson told Tribune Business, in response to
enquiries about the company’s view of claims by PLP leader
Perry Christie that his party would “aggressively renegotiate”
the deal with CWC if elected, that the the telecommunications
provider hopes to “move forward successfully in partnership”
with the Bahamian government.

In late January, Mr Christie said the PLP believes the sale of
BTC to CWC “is repugnant to the national interest”. He said
the party did not believe the company iwass a “trustworthy, reli-
able and capable strategic partner”, and called on the Gov-
ernment not to move forward with its plan to sell 51 per cent of

SEE page 2B

GB POWER OWNER TO ASSESS
ABACO ELECTRIC CABLE LINK

* Emera invited to help with ‘urgent’ upgrade of 60
MW power line from new plant to Marsh Harbour
* BEC investing $560k to upgrade existing plant as
precaution



HOLDING THE LINE: In this file photo Jimmy Mosko, chairman of the
Arawak Cay Port Development Company, holds a rope with Prime Min-
ister Hubert Ingraham at the site at Arawak Cay.



* Retailer's principal not
opposed to merger and
acquisition possibilities ‘if it
makes financial sense for us

kd

* Agrees that Mark Finlayson
‘right on the button’ with
food retail consolidation

By ALISON LOWE
Business Reporter
alowe@tribunemedia.net

Canadian energy giant,

ny, creating energy “synergies”
for the wider Bahamas.

It will also gather informa-
tion to help make a decision on
whether it will take up the Gov-

strategy Emera, will travel to Abaco ease Be to a
* .s next week to assess the poten- involved in the “urgently”

Warns: There are-100: Many tial for creating a power cable Tequired upgrade of the trans-
players In the field and you The information contained is from a third link between the island and mission line from the Wilson

Grand Bahama, where it owns
an 80.4 per cent stake in the
Grand Bahama Power Compa-

party and The Tribune can not be held
responsible for errors and/or omission
from the daily report

need to find economies of
scale to survive’

SEE page 3B























RBC/ Fidelity Joint Venture Company

ROYAL 3 FIDELITY

Money at Work

| Learn more at royalfidelity.com |

e Experienced financial experts e Become a more informed investor

e Strong investment performance e Benefit from professional expertise

BAHAMAS
242.356.9801
242.351.3010

BARBADOS
St. Michael:

ROYAL FIDELITY

Money at Work

Nassau: 246.435.1955

Freeport:
PAGE 2B, WEDNESDAY, MARCH 2, 2011

THE TRIBUNE





Voicing your

hest delivery

vantaged by negative speech : repugnant to the national interest," Mr Christie said.
patterns that detract from ; reliable and capable strategic partner for the Bahamas and BTC.

the way they sound. High

? We call on the Government to cease and desist in pursuing the sale

ne major

aspect of

effective and

influential
communication is the sound
of your voice. If you think
this is trivial, imagine how
you feel about doing busi-
ness with a company whose
customer service person
sounds as if they are talking
at you instead of to you. Or
have you ever met a sales-
person who sounded so
disingenuous you just didn’t
want to buy from him/her?
The way you sound can
give people a gut feeling
about you. Communication
researcher, Bert Decker,
says the brain in divided into
two parts called the First
Brain and the New Brain.
The First Brain is the gate-
keeper and focuses on the

TALKING

BG

voice and facial expressions.
Once emotional trust is
gained, the New Brain
processes words and logic.

Your voice is made up of
tone, inflection, volume and
other components that con-
tribute to your delivery.

In phone conversations,
84 per cent of the message
received by the listener is
determined not by the
words you say, but by the
quality of your voice and
how you are able to make
your listener feel.

Your voice can convey




confidence or the lack there-
of. Your tone can make
your listener see you as con-
cerned and authentic, or
indifferent and contrived.
All the right words are use-
less if your delivery does not
help you to connect with
your listener.

Many people are disad-

pitch, monotone, too loud, :
too soft, slurred, mumbled, }
nasal or whiny voices may ;
diminish the message and }

how they want to be per-: . ¢ US to ] 1
? it provides - it is time to look forward, not back. CWC is a global

ceived.

skill that can be learned.

a Kee) SO mi ein item oy: 1e. om
BTC buyer tells

PLP and the unions



FROM page 1B

the state-owned entity.

“If the FNM administration proceeds against the advice of the
PLP and sells to Cable and Wireless, we put Cable and Wireless on
notice of our central position that the sale to Cable and Wireless
is not in the national interest, and when we return to Govern-
ment we will re-examine all of the provisions of the deal and we will
aggressively renegotiate the terms of the agreement that we deem

"We do not believe that it (Cable and Wireless) is a trustworthy,

as they have announced it.”

In response, CWC said it saw the proposed sale of 51 per cent of
BTC to the company as the “best outcome for the business and the
Bahamas”.

“BTC needs to prepare for competition and develop the services

‘ 444, ; telecoms operator with strong experience of guiding businesses
fi u a Ms mi aaa : : through liberalisation. What the staff and customers of BTC need
ae ae a ting ine ae ; most of all is certainty, and we’re committed to delivering that.

sound out of your voice is a } focused on completing the transaction with the Government, and

“Uncertainty about BTC's future will help no one. We are

: moving forward successfully in partnership,” said the spokesperson.

NB: Kim Welcome is
chief executive of Influen- :
tial Voice. A communica- :

viduals to achieve their goals :

through helping them to

develop deliberate, skillful, i spokesperson said: "We respect the competition. Our plan is to pre-

polished communication
skills. For more
www.influentialyoice.com

Asked about CWC’s position on providing entrepreneurial
opportunities for the hundreds of Bahamians currently acting as
top-up phone card vendors, the spokesperson added: "If the trans-
action is successful our plan is to revise BTC's top up distribution

tion trainer and coach, she ; ‘ttategy focusing more on small businesses and sole traders. The
9 : ; : ne anerae
° ° +. : plan is to extend entrepreneurial opportunities to more individu-
assists businesses and indi- i 1. od businesses."

As for the increased competitive threat provided by a merged

Cable Bahamas/Systems Resource Group (SRG), the CWC

i pare BTC to operate in a liberalised market. We believe that the

info :

buying power of Cable & Wireless Communications will help

i keep our prices competitive."

Notice

EQUATOR LEASING SEVENTEEN LIMITED

Notice is hereby given that EQUATOR LEASING
SEVENTEEN LIMITED a Company registered

under The

Act,

International
2000 has been dissolved and struck off

Business Companies

Register as of the 15th day of November 2010.

Peter Waterhouse
Liquidator

EK FG!



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.

| Pn | I
CWC's ‘non-compete’ clause on BIC cables



JULIAN FRANCIS

Bank & Trust (Bahamas) Ltd

Client Relationship Officer
Vice President

About EFG International
EFG International is a global private banking group, headquartered in Switzerland offering
private banking and asset management services, EFG International's group of private banking

businesses currently operate

employees.

in 60 locations in over 30 counties, with approx. 2.940

EFG Bank & Trust (Bahamas) Ltd continues to grow as evidenced by its two premises, one
in the heart of Downtown and one at Lyford Cay. EFG Bahamas has over 50 experienced
professionals and offers a full range of solutions for wealthy clients around the globe. EFG’s
unique corporate culture atiracts the most entrepreneurial and most expenenced professionals
in the industry. To learn more, please visit www.efginternational.com

We are looking for seasoned financial professionals with at least 10 years of sales and
marketing experiance in providing financial solutions to high net worth clients and
companies. The candidates must posses a solid knowledge of investments, banking and
trust services. The ability to service and grow your own client book is extremely important.
EFG provides a unique and uninhibited global marketing opportunity, an open architecture
platform and multiple booking centers.

The successful candidates must have a university degree or equivalent and posses or be
enrolled in the Senes 7, CSC, or UK equivalent. The candidates must have the required

qualifications and accreditations

to 6be

registered with The Bahamas Securities

Commission. The flexibility to go on frequent business development trips and work within
very tight deadlines is also a necessity. Fluency in any other language would be an asset.

EFG offers an attractive compensation plan that includes salary, benefils and a bonus
structure directly related to profitability. Salary will be determined by experience and

qualifications.

Interested and qualified profassionals should submit applications by 15 March 2010 to:

EFG Bank &Trust (Bahamas) Ltd
Human Resources
Centre of Commerce, 2nd Floor

1 Bay Street

P.O. Box SS-6289
Nassau, The Bahamas

Fax (242)502-5487



FROM page 1B

member of the Government-appointed privatisation committee that
played a key role in negotiating the sale of a 51 per cent stake in the
state-owned incumbent to CWC, said the agreement stipulated that
the purchaser could not compete with BTC’s existing overseas
infrastructure via its other regional operating units.

This was designed, he explained, to ensure that BTC maximised
the potential profits from its existing fibre optic cable link to Haiti
and other potential expansions, with all net income from these ven-
tures retained by the Bahamian company.

“BTC does have infrastructure in Haiti,” Mr Francis told Tribune
Business. “It was destroyed a year ago by the earthquake, but
has since been restored. It does have a communications relation-
ship with TelcoHaiti, which is now owned by a Vietnamese carri-
er.

“That [the fibre optic cable] is something that does not exist, and
the Government in negotiations with Cable & Wireless insisted that
Cable & Wireless recognise the existence of this infrastructure that
exists outside the Bahamas. Cable & Wireless agreed not to enter
into competition with it.

“Tf it intends to develop that infrastructure further, it has to be
done under the BTC banner.”

Mr Francis was commenting after former BTC president and
chief executive, Leon Williams, who has steadfastly opposed the
Government over the current privatisation and CWC deal, last
week said the 2007 change in government - and return to power of
the Ingraham administration - placed a number of BTC expansion
plans “on hold”.

Addressing the Rotary Club of western New Providence on
why the CWC deal should be halted, Mr Williams said his vision for
BTC had been to expand beyond the Bahamas’ borders and com-
pete in the Caribbean, in particular through the development of
fibre optic cable links to Haiti and Cuba.

Once BTC’s $6 million fibre optic cable to Haiti went live, Mr
Williams said, the Bahamian telecommunications provider was
given the first option/right of refusal to construct a $30 million GSM
and DSL wireless infrastructure in Haiti that would have provid-
ed cellular/GSM services.

The former chief executive said that if BTC had achieved just 10
per cent cellular market penetration in Haiti, it would have 800,000
subscribers, generating profitable returns and creating Bahamian
jobs in New Providence, through providing “back haul” services to
such traffic.

Opportunity

However, the opportunity was never taken up, and Mr Williams
suggested the folly of this decision was exposed by the success
aggressive Caribbean-based cellular provider, Digicel, had subse-
quently enjoyed in that market.

“Digicel went into Haiti, and in the first three months it had
500,000 subscribers,” Mr Williams said. “In the first year, it had 1.6
million subscribers. Digicel now has 2.6 million customers in the
poorest, but largest, country in the region.”

In addition, Mr Williams also alleged that BTC had “the first
right of refusal” to build a fibre optic cable infrastructure con-
necting Bimini to Matanzas in Cuba, but this project also never
materialised. BTC sources confirmed yesterday to Tribune Busi-
ness that this project had been on the drawing board, and agreed
with Mr Williams’ $12.6 million cost estimate.

Arguing that Bahamians were “not thinking out of the box”, Mr
Williams pointed to Cable Bahamas and its former controlling
shareholder, Columbus Communications, who had “gone south”
and, via the ARCOS cable network, had developed a self-healing
fibre optic ring linking countries in the Caribbean, Central and
South America, with the US.

“The Bahamas is a small market for them [Cable/Columbus]. My
vision was to get enough money in the bank accounts to get beyond
the four walls of the Bahamas,” Mr Williams said, noting the
untapped potential presented by the 11 million and 10 million
strong populations, respectively, of Cuba and Haiti on this nation’s
doorstep. We have 20 million people a close ride away. We have a
market to exploit. For CWC, what do you think they’re going to
do? They’re going to exploit the cable to Haiti.”

That is precisely what CWC intends to do, for its business plan
for BTC states: “We will seek to maximise the revenue opportu-
nities of the Bahamas-Haiti link for the Bahamas’ business.”

But high-level BTC sources, speaking to Tribune Business on
condition of anonymity, yesterday said it was not clear whether the
change in government in 2007 resulted in the Haiti/Cuba plans
being put on hold, as Mr Williams had claimed.

In the case of the $30 million Haiti expansion, one source said:
“There were a lot of issues involved in that.” They added that apart
from the unstable political and security situation in that country,
with Haiti’s government changing around that time, BTC also
had licensing and capital expenditure costs to deal with.

“It was definitely something on the table that could have hap-
pened, but required a little more study and work. It was high lev-
el and something that was being looked at,” the source said.

As for the Cuba cable, the same source confirmed: “That was in
the planning phase. It was definitely a project that was being
worked on.”

TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM
PAGE 2B, WEDNESDAY, MARCH 2, 2011

THE TRIBUNE





Voicing your

hest delivery

vantaged by negative speech : repugnant to the national interest," Mr Christie said.
patterns that detract from ; reliable and capable strategic partner for the Bahamas and BTC.

the way they sound. High

? We call on the Government to cease and desist in pursuing the sale

ne major

aspect of

effective and

influential
communication is the sound
of your voice. If you think
this is trivial, imagine how
you feel about doing busi-
ness with a company whose
customer service person
sounds as if they are talking
at you instead of to you. Or
have you ever met a sales-
person who sounded so
disingenuous you just didn’t
want to buy from him/her?
The way you sound can
give people a gut feeling
about you. Communication
researcher, Bert Decker,
says the brain in divided into
two parts called the First
Brain and the New Brain.
The First Brain is the gate-
keeper and focuses on the

TALKING

BG

voice and facial expressions.
Once emotional trust is
gained, the New Brain
processes words and logic.

Your voice is made up of
tone, inflection, volume and
other components that con-
tribute to your delivery.

In phone conversations,
84 per cent of the message
received by the listener is
determined not by the
words you say, but by the
quality of your voice and
how you are able to make
your listener feel.

Your voice can convey




confidence or the lack there-
of. Your tone can make
your listener see you as con-
cerned and authentic, or
indifferent and contrived.
All the right words are use-
less if your delivery does not
help you to connect with
your listener.

Many people are disad-

pitch, monotone, too loud, :
too soft, slurred, mumbled, }
nasal or whiny voices may ;
diminish the message and }

how they want to be per-: . ¢ US to ] 1
? it provides - it is time to look forward, not back. CWC is a global

ceived.

skill that can be learned.

a Kee) SO mi ein item oy: 1e. om
BTC buyer tells

PLP and the unions



FROM page 1B

the state-owned entity.

“If the FNM administration proceeds against the advice of the
PLP and sells to Cable and Wireless, we put Cable and Wireless on
notice of our central position that the sale to Cable and Wireless
is not in the national interest, and when we return to Govern-
ment we will re-examine all of the provisions of the deal and we will
aggressively renegotiate the terms of the agreement that we deem

"We do not believe that it (Cable and Wireless) is a trustworthy,

as they have announced it.”

In response, CWC said it saw the proposed sale of 51 per cent of
BTC to the company as the “best outcome for the business and the
Bahamas”.

“BTC needs to prepare for competition and develop the services

‘ 444, ; telecoms operator with strong experience of guiding businesses
fi u a Ms mi aaa : : through liberalisation. What the staff and customers of BTC need
ae ae a ting ine ae ; most of all is certainty, and we’re committed to delivering that.

sound out of your voice is a } focused on completing the transaction with the Government, and

“Uncertainty about BTC's future will help no one. We are

: moving forward successfully in partnership,” said the spokesperson.

NB: Kim Welcome is
chief executive of Influen- :
tial Voice. A communica- :

viduals to achieve their goals :

through helping them to

develop deliberate, skillful, i spokesperson said: "We respect the competition. Our plan is to pre-

polished communication
skills. For more
www.influentialyoice.com

Asked about CWC’s position on providing entrepreneurial
opportunities for the hundreds of Bahamians currently acting as
top-up phone card vendors, the spokesperson added: "If the trans-
action is successful our plan is to revise BTC's top up distribution

tion trainer and coach, she ; ‘ttategy focusing more on small businesses and sole traders. The
9 : ; : ne anerae
° ° +. : plan is to extend entrepreneurial opportunities to more individu-
assists businesses and indi- i 1. od businesses."

As for the increased competitive threat provided by a merged

Cable Bahamas/Systems Resource Group (SRG), the CWC

i pare BTC to operate in a liberalised market. We believe that the

info :

buying power of Cable & Wireless Communications will help

i keep our prices competitive."

Notice

EQUATOR LEASING SEVENTEEN LIMITED

Notice is hereby given that EQUATOR LEASING
SEVENTEEN LIMITED a Company registered

under The

Act,

International
2000 has been dissolved and struck off

Business Companies

Register as of the 15th day of November 2010.

Peter Waterhouse
Liquidator

EK FG!



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.

| Pn | I
CWC's ‘non-compete’ clause on BIC cables



JULIAN FRANCIS

Bank & Trust (Bahamas) Ltd

Client Relationship Officer
Vice President

About EFG International
EFG International is a global private banking group, headquartered in Switzerland offering
private banking and asset management services, EFG International's group of private banking

businesses currently operate

employees.

in 60 locations in over 30 counties, with approx. 2.940

EFG Bank & Trust (Bahamas) Ltd continues to grow as evidenced by its two premises, one
in the heart of Downtown and one at Lyford Cay. EFG Bahamas has over 50 experienced
professionals and offers a full range of solutions for wealthy clients around the globe. EFG’s
unique corporate culture atiracts the most entrepreneurial and most expenenced professionals
in the industry. To learn more, please visit www.efginternational.com

We are looking for seasoned financial professionals with at least 10 years of sales and
marketing experiance in providing financial solutions to high net worth clients and
companies. The candidates must posses a solid knowledge of investments, banking and
trust services. The ability to service and grow your own client book is extremely important.
EFG provides a unique and uninhibited global marketing opportunity, an open architecture
platform and multiple booking centers.

The successful candidates must have a university degree or equivalent and posses or be
enrolled in the Senes 7, CSC, or UK equivalent. The candidates must have the required

qualifications and accreditations

to 6be

registered with The Bahamas Securities

Commission. The flexibility to go on frequent business development trips and work within
very tight deadlines is also a necessity. Fluency in any other language would be an asset.

EFG offers an attractive compensation plan that includes salary, benefils and a bonus
structure directly related to profitability. Salary will be determined by experience and

qualifications.

Interested and qualified profassionals should submit applications by 15 March 2010 to:

EFG Bank &Trust (Bahamas) Ltd
Human Resources
Centre of Commerce, 2nd Floor

1 Bay Street

P.O. Box SS-6289
Nassau, The Bahamas

Fax (242)502-5487



FROM page 1B

member of the Government-appointed privatisation committee that
played a key role in negotiating the sale of a 51 per cent stake in the
state-owned incumbent to CWC, said the agreement stipulated that
the purchaser could not compete with BTC’s existing overseas
infrastructure via its other regional operating units.

This was designed, he explained, to ensure that BTC maximised
the potential profits from its existing fibre optic cable link to Haiti
and other potential expansions, with all net income from these ven-
tures retained by the Bahamian company.

“BTC does have infrastructure in Haiti,” Mr Francis told Tribune
Business. “It was destroyed a year ago by the earthquake, but
has since been restored. It does have a communications relation-
ship with TelcoHaiti, which is now owned by a Vietnamese carri-
er.

“That [the fibre optic cable] is something that does not exist, and
the Government in negotiations with Cable & Wireless insisted that
Cable & Wireless recognise the existence of this infrastructure that
exists outside the Bahamas. Cable & Wireless agreed not to enter
into competition with it.

“Tf it intends to develop that infrastructure further, it has to be
done under the BTC banner.”

Mr Francis was commenting after former BTC president and
chief executive, Leon Williams, who has steadfastly opposed the
Government over the current privatisation and CWC deal, last
week said the 2007 change in government - and return to power of
the Ingraham administration - placed a number of BTC expansion
plans “on hold”.

Addressing the Rotary Club of western New Providence on
why the CWC deal should be halted, Mr Williams said his vision for
BTC had been to expand beyond the Bahamas’ borders and com-
pete in the Caribbean, in particular through the development of
fibre optic cable links to Haiti and Cuba.

Once BTC’s $6 million fibre optic cable to Haiti went live, Mr
Williams said, the Bahamian telecommunications provider was
given the first option/right of refusal to construct a $30 million GSM
and DSL wireless infrastructure in Haiti that would have provid-
ed cellular/GSM services.

The former chief executive said that if BTC had achieved just 10
per cent cellular market penetration in Haiti, it would have 800,000
subscribers, generating profitable returns and creating Bahamian
jobs in New Providence, through providing “back haul” services to
such traffic.

Opportunity

However, the opportunity was never taken up, and Mr Williams
suggested the folly of this decision was exposed by the success
aggressive Caribbean-based cellular provider, Digicel, had subse-
quently enjoyed in that market.

“Digicel went into Haiti, and in the first three months it had
500,000 subscribers,” Mr Williams said. “In the first year, it had 1.6
million subscribers. Digicel now has 2.6 million customers in the
poorest, but largest, country in the region.”

In addition, Mr Williams also alleged that BTC had “the first
right of refusal” to build a fibre optic cable infrastructure con-
necting Bimini to Matanzas in Cuba, but this project also never
materialised. BTC sources confirmed yesterday to Tribune Busi-
ness that this project had been on the drawing board, and agreed
with Mr Williams’ $12.6 million cost estimate.

Arguing that Bahamians were “not thinking out of the box”, Mr
Williams pointed to Cable Bahamas and its former controlling
shareholder, Columbus Communications, who had “gone south”
and, via the ARCOS cable network, had developed a self-healing
fibre optic ring linking countries in the Caribbean, Central and
South America, with the US.

“The Bahamas is a small market for them [Cable/Columbus]. My
vision was to get enough money in the bank accounts to get beyond
the four walls of the Bahamas,” Mr Williams said, noting the
untapped potential presented by the 11 million and 10 million
strong populations, respectively, of Cuba and Haiti on this nation’s
doorstep. We have 20 million people a close ride away. We have a
market to exploit. For CWC, what do you think they’re going to
do? They’re going to exploit the cable to Haiti.”

That is precisely what CWC intends to do, for its business plan
for BTC states: “We will seek to maximise the revenue opportu-
nities of the Bahamas-Haiti link for the Bahamas’ business.”

But high-level BTC sources, speaking to Tribune Business on
condition of anonymity, yesterday said it was not clear whether the
change in government in 2007 resulted in the Haiti/Cuba plans
being put on hold, as Mr Williams had claimed.

In the case of the $30 million Haiti expansion, one source said:
“There were a lot of issues involved in that.” They added that apart
from the unstable political and security situation in that country,
with Haiti’s government changing around that time, BTC also
had licensing and capital expenditure costs to deal with.

“It was definitely something on the table that could have hap-
pened, but required a little more study and work. It was high lev-
el and something that was being looked at,” the source said.

As for the Cuba cable, the same source confirmed: “That was in
the planning phase. It was definitely a project that was being
worked on.”

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

WEDNESDAY, MARCH 2, 2011, PAGE 3B





GB POWER OWNER

TO ASSESS ABACO
ELECTRIC CABLE LINK

FROM page 1B

City power plant to Marsh Har-
bour, BEC’s chairman, Michael
Moss, said yesterday.

The Government/BEC, and
general contractors Man Diesel,
have been accused of over-
looking the upgrade to the
transmission line, which is

power supply.
The business community in

the island will again experience

ing times.

said the contract to upgrade the

(MW) of power
megawatts of power, would be
shortly put out to tender.

Chamber

being brought to bear on the
situation.

ness yesterday

assisting BEC with the timely
completion of the line.

“T have asked them if they :
have the kind of resources to }
help us get it in the shortest }
possible time. We have installed }
48 mw of generation at Wilson :
City. The line from Wilson City }
to Marsh Harbour, where the }
bulk of the Abaco load exists, }
can only carry a load of around }
14-16 MW, so we’re in process }
of upgrading that line to 60 }
MW. We would like to get that }
line completed before summer :

peak comes up,” he said.

Mr Moss said that rather i
than participating in the actual }
construction of the line, he }

i marine works associated with the project are now 50 per cent
provide some kind of project ;

envisages that Emera could

management resources.

be ready by the time the typi-
cally high summer electricity
demand comes around.

The upgrade of the units to a Arawak Cay, and a tremendous effort on the part of the Bet-

? ty K family. (The) Customs (Department) was also instru-

be able to provide a more reli- } mental,” said Mr Maura.

able power supply than they }
have in the past - it was the fail- }
ure of generation at the Marsh }
Harbour plant that, among oth- }
er things, precipitated the deci- }
? stone Road by a Bahamian contractor, with local contractors
? only being asked to apply. It is to be a 100,000 square foot facil-

i ity that will house so-called “less than container load” goods -

on Monday. That would mean { those which are in a container with goods destined for a variety

the units, two 4.4 MW units and of importers rather than one. Around 25 per cent of all con-

a 2.5 MW unit, would be ready + tginers brought into the country come in the “less than con-

: : ? tainer load” category.
Mr Moss said the estimated boy

$560,000 cost of upgrading ihe formed at Gladstone Road, rather than on Bay Street as it is
old units would “not be consid- } tod

ered a waste”, since it is likely | ‘OC@Y:
they will be redeployed else- } : :
where by BEC once Wilson } teas to lease, depending on their volume of cargo. Customers

City takes over full responsi- | would go out to Gladstone Road, or their Customs agent

bility for supplying Abaco’s } would go and present their paper work, and then they would be
} provided with their freight.”

condition in which they would

sion to develop the Wilson City
plant - is anticipated to take
around 60 days once it begins

for use again in May.

power demands.

“We want to make sure we }
do not face the embarrassment }
of last year, so we are making }
sure they are as reliable as pos- }
sible and that the (Marsh Har- }
bour) plant is in tip top shape in }

case it’s called upon,” said Mr
Moss.

In the meantime, reliability | would be capable of designing and building the facility, before

on the last two 12 £ allowing them to provide their design/build solution for the pro-

megawatt generation units at ; ject within the next four to six weeks.

Wilson City will take place }

tests

between March 3-10.

future, said Mr Moss.

The company remains inter- }
ested in potentially taking ona }
more substantial role as an }
operational manager or, even- }

tually, an owner of a privatised

this regard last December, but

bune Business understands.

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

to 60 spective Magazine Awards

i Gala will be held on May 11-
! ? 12, 2011, at the Atlantis
Pe ee ee ? Resort on Paradise Island.
of Commerce, }
Michael Albury, said he felt :

more satisfied after the meeting : expo will allow delegates to

that focused attention was | ©Xchange ideas and business
? Opportunities with colleagues
: from around the world. The
Mr Moss told Tribune Busi- }
that he }
approached Emera to see if }
they would be interested in }

: one meetings, so business can

Interval to sponsor

Interval International has
agreed to be a Bronze Spon-

2011, an event targeted at the

“Tt is a privilege to be the

Nash, chairman, president
and chief executive officer of
Interval Leisure Group, par-

national.
GNEX 2011 and the Per-

The new global networking

two-day event will feature an
exhibitor hall with creative
workshops, networking ses-
sions and areas for one-on-



CONFERENCE: Atlantis in Paradise Island.

be conducted.

The expo will also include a
welcome reception, open net-
working time and the Per-
spective Magazine Awards
Gala dinner, where industry
nominees will vie for the cov-
eted title of Best In The
World.

Interval International pro-
vides services to all aspects of
vacation ownership, including
traditional timesharing,
points-based programs, frac-
tional resorts, condo hotels
and private residence clubs.

“We are delighted to wel-

come Interval International
as a sponsor of GNEX 2011,
and look forward to not only
their participation as a global
industry leader, but also from
their local presence in each
of the four main regions that
our publications represent,”
said Paul Mattimoe, president
and chief executive, Perspec-
tive Media.

Sponsors and supporters of
GNEX 2011 include:

The Absolute World
Group, Dial an Exchange,
Resort Television, Yucatan
Holidays, Citadel Trustees,

$12m Port facility's
year-end open goal

FROM page 1B

complete, with upland work at the Arawak Cay site, including

? the construction of a $2 million, 25,000 square foot warehouse,

If the transmission line is not i beginning several weeks ago.

ready in time to allow for Wil- :
son City to feed the high sum- } modate ships coming into the port, the bulk head at which
ee iia ae pie oo ? these ships will dock, and the nearby “apron” or flat surface
a gee eeer eet wa | area where containers will be offloaded.
then the power supply will need :
to be supplemented from the }

old Marsh Harbour power ? marked for the port, on which construction began in summer

plant until the line is complete. } 2010, has now been spent.
It is for this reason that BEC } ; 4 i u a
is shortly set to spend just } Vale entity behind the development, said he was “very pleased
over$500,000 to overhaul three }
generation units at the Marsh }
Harbour plant, thus avoiding }
embarrassment should the }

delayed transmission line not }

Marine works have consisted primarily of dredging to accom-

Over 28 per cent, or $20 million, of the $70 million ear-

Mike Maura, chief executive of APD Ltd, the public-pri-

with progress on the port, which will allow for the relocation of
container shipping facilities from downtown Bay Street.

He added that he was particularly happy with the fact that
stakeholders were able to come together to facilitate the relo-
cation of the Betty K shipping operation away from its burnt out

: former Bay Street home to Arawak Cay last week, more than
? two months ahead of the scheduled date for this to happen.

“That took a lot of effort in terms of current operators on

Terminal

The inland terminal is to be built at a 15-acre site on Glad-

Mr Maura said: “That stripping of the goods will then be per-

“There will be a number of tenants there with different sized

The Gladstone Road site makes sense not only because it will
allow for a reduction of shipping-related congestion on Bay
Street, where such offloading and housing of goods currently
takes place, but also because the “commercial centre” of the
island has shifted - with more activity now taking place away
from Bay Street, Palmdale and the historic centres of com-

? merce, in locations such as Carmichael Road.

APD Ltd expects to shortlist a number of contractors who

“The goal is that by the end of the year a substantial portion

Part of Emera’s interest in of the facility would’ve been constructed, so that we can get at
exploring the possibility of link- i least a portion of it operational. We do not anticipate everything
ing Abaco and Grand Bahama } being completed until about February 2012, but if we can
via a submarine power cable is ; accomplish what we hope to by the end of year will be in pret-
to allow for either island to sup- } ty good shape,” said Mr Maura of the Gladstone Road termi-
plement the other should short- } nal.

falls in generation occur in the } val : a :
: to pay off the $30 million bridge loan facility that was required

A $30 million private placement, which will allow APD Ltd

to finance construction, after it obtained $20 million from its 20
private stakeholders and $20 million from the Government, is
still anticipated to take place “by year-end”.

The decision on when the Initial Public Offering of 20 per

? cent of the shares in the Arawak Cay port to the public will take
BEC. It submitted a proposalin }

place is one to be made by the Government, Mr Maura noted.

i He said that no further indication has been given on when

no further developments have { this offering might take place.

taken place in this regard, Tri- }

Connex, First American Title
Insurance Company, Interval
International, LeisureLink,
Max Generation, RCI, First
National Trustee Company,
Alternative Ownership Con-
ference Asia Pacific
(AOCAP), Australian Time-
share & Holiday Ownership
Council (ATHOC), Canadi-
an Resort Development
Association (CRDA), Coop-
erative Association of Resort
Exchangers (CARE), La
Asociaci6én Mexicana de
Desarrolladores Turisticos
(AMDETUR), Ragatz Frac-

Atlantis conference

needed to enable Marsh Har- :
bour to get the full benefits }
from the newly-constructed }
Wilson City plant’s enhanced }
: sor of the First Annual Glob-
? al Networking Expo, GNEX
Abaco has been particularly }

concerned that without the line, timeshare industry and which

? is being held at Paradise

the disastrous power outages } Jgjand’s Atlantis resort.

that further stymied the }
sourisi span de nl Seon 0my keynote speaker at this inau-
last summer during already try- : : :

? gural event that will bring
In January, the minister with | together shared ownership

responsibility for the rnviron- } professionals from so many

ment, Earl Deveaux, told a } countries,” said Craig M.
town meeting in Marsh Har- }
bour that the matter is a prior- }
ity for the Government, and }
? ent company of Interval Inter-
line from one which is present- }
ly able to carry 14-16 megawatts }

tional Interest Conference,
Resort Development Organ-
isation (RDO), Vacation
Ownership Association of
Southern Africa (VOASA),
American Airlines, Avis Rent
A Car and Christel House
International as Charity of
Choice.

Perspective Media pro-
duces Owners Perspective
Magazine, an independent
consumer publication that
specialises in promoting the
benefits of buying shared
ownership products to the
general public.

NOTICE

GOAL GLOBAL OFFSHORE ASSETS LIMITED

N OTIC E IS HEREBY GIVEN as follows:

{a) GOAL GLOBAL OFFSHORE ASSETS
LIMITED is in dissolution under the
provisions of the International Business

Companies Act 2000.

The dissolution of the said Company

commenced on the 24" day of February,
2011 when its Articles of Dissolution were

submitted to and registered by the Registrar
General.

The Liquidator of the said ae is Dr
Michael Grabher of Heiligkreuz 6, LI-
9490, Vaduz, Liechtenstein.

Dated the 24 day of February, 2011.
H & J CORPORATE SERVICES LTD.

Registered Agent
for the above-named Company



GOVERNMENT NOTICE
MINISTRY OF EDUCATION
NOTICE

Procurement for School Furniture/Equipment for the 7.4. Glover Lab School

The Ministry of Educ ation, (hereafter called the “Purchaser) mow invites

Bealed bids

from wppliers for the

procurement of School

Furnniturea/Equipment for The 7.6. Glover Lab School.

Interested Bidders may inspecticollect the bidding documents from the
Purchasing/Supplies Section of the Ministry of Education, in The Teacher &
Salaned Workers Co-Operative Credit Union Bldg. from Wednesday 237
February, 2071, and obtain further information, at the second address given

Eee low

Bide must be in English and shall be enclosed in duplicates in a sealed
envelope bearing no identty of fhe bidder and endorsed with the subject
bided on [Sehool FurnituravEquipment for The TG. Glover Lab Schaal")

Bide must be deposited in the tender box provided, at the first address, on or

before Monday, 217 March, 2071 by 5:00 p.m. (local time)
necessary to submit bids in person since they may be sent by mail

t wall not Be
Late

bide will be rejected and retumed unopened

Bide will be opened at the public tender meeting, in the presence of those
Bidder(s) or their Representative (5) who choose to attend, at 10000 a.m. on
Tuesday 22° March, 2011 at the first address below

(1) The Chainman Tender’
Ministry of Finance
Cecil Wallace Whitfield

Cable Beach

P.O. Box M-3017
Hassau, The Bahamas
Tale: (242)327-1530

Purchasing Supplies Section
Ministry of Education

PO. Bow N-387 3/4

Nassau, The Bahamas
Tele: (242) 502-277 112

The Ministry reserves the right to reject any or all Tenders




THE TRIBUNE

WEDNESDAY, MARCH 2, 2011, PAGE 3B





GB POWER OWNER

TO ASSESS ABACO
ELECTRIC CABLE LINK

FROM page 1B

City power plant to Marsh Har-
bour, BEC’s chairman, Michael
Moss, said yesterday.

The Government/BEC, and
general contractors Man Diesel,
have been accused of over-
looking the upgrade to the
transmission line, which is

power supply.
The business community in

the island will again experience

ing times.

said the contract to upgrade the

(MW) of power
megawatts of power, would be
shortly put out to tender.

Chamber

being brought to bear on the
situation.

ness yesterday

assisting BEC with the timely
completion of the line.

“T have asked them if they :
have the kind of resources to }
help us get it in the shortest }
possible time. We have installed }
48 mw of generation at Wilson :
City. The line from Wilson City }
to Marsh Harbour, where the }
bulk of the Abaco load exists, }
can only carry a load of around }
14-16 MW, so we’re in process }
of upgrading that line to 60 }
MW. We would like to get that }
line completed before summer :

peak comes up,” he said.

Mr Moss said that rather i
than participating in the actual }
construction of the line, he }

i marine works associated with the project are now 50 per cent
provide some kind of project ;

envisages that Emera could

management resources.

be ready by the time the typi-
cally high summer electricity
demand comes around.

The upgrade of the units to a Arawak Cay, and a tremendous effort on the part of the Bet-

? ty K family. (The) Customs (Department) was also instru-

be able to provide a more reli- } mental,” said Mr Maura.

able power supply than they }
have in the past - it was the fail- }
ure of generation at the Marsh }
Harbour plant that, among oth- }
er things, precipitated the deci- }
? stone Road by a Bahamian contractor, with local contractors
? only being asked to apply. It is to be a 100,000 square foot facil-

i ity that will house so-called “less than container load” goods -

on Monday. That would mean { those which are in a container with goods destined for a variety

the units, two 4.4 MW units and of importers rather than one. Around 25 per cent of all con-

a 2.5 MW unit, would be ready + tginers brought into the country come in the “less than con-

: : ? tainer load” category.
Mr Moss said the estimated boy

$560,000 cost of upgrading ihe formed at Gladstone Road, rather than on Bay Street as it is
old units would “not be consid- } tod

ered a waste”, since it is likely | ‘OC@Y:
they will be redeployed else- } : :
where by BEC once Wilson } teas to lease, depending on their volume of cargo. Customers

City takes over full responsi- | would go out to Gladstone Road, or their Customs agent

bility for supplying Abaco’s } would go and present their paper work, and then they would be
} provided with their freight.”

condition in which they would

sion to develop the Wilson City
plant - is anticipated to take
around 60 days once it begins

for use again in May.

power demands.

“We want to make sure we }
do not face the embarrassment }
of last year, so we are making }
sure they are as reliable as pos- }
sible and that the (Marsh Har- }
bour) plant is in tip top shape in }

case it’s called upon,” said Mr
Moss.

In the meantime, reliability | would be capable of designing and building the facility, before

on the last two 12 £ allowing them to provide their design/build solution for the pro-

megawatt generation units at ; ject within the next four to six weeks.

Wilson City will take place }

tests

between March 3-10.

future, said Mr Moss.

The company remains inter- }
ested in potentially taking ona }
more substantial role as an }
operational manager or, even- }

tually, an owner of a privatised

this regard last December, but

bune Business understands.

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

to 60 spective Magazine Awards

i Gala will be held on May 11-
! ? 12, 2011, at the Atlantis
Pe ee ee ? Resort on Paradise Island.
of Commerce, }
Michael Albury, said he felt :

more satisfied after the meeting : expo will allow delegates to

that focused attention was | ©Xchange ideas and business
? Opportunities with colleagues
: from around the world. The
Mr Moss told Tribune Busi- }
that he }
approached Emera to see if }
they would be interested in }

: one meetings, so business can

Interval to sponsor

Interval International has
agreed to be a Bronze Spon-

2011, an event targeted at the

“Tt is a privilege to be the

Nash, chairman, president
and chief executive officer of
Interval Leisure Group, par-

national.
GNEX 2011 and the Per-

The new global networking

two-day event will feature an
exhibitor hall with creative
workshops, networking ses-
sions and areas for one-on-



CONFERENCE: Atlantis in Paradise Island.

be conducted.

The expo will also include a
welcome reception, open net-
working time and the Per-
spective Magazine Awards
Gala dinner, where industry
nominees will vie for the cov-
eted title of Best In The
World.

Interval International pro-
vides services to all aspects of
vacation ownership, including
traditional timesharing,
points-based programs, frac-
tional resorts, condo hotels
and private residence clubs.

“We are delighted to wel-

come Interval International
as a sponsor of GNEX 2011,
and look forward to not only
their participation as a global
industry leader, but also from
their local presence in each
of the four main regions that
our publications represent,”
said Paul Mattimoe, president
and chief executive, Perspec-
tive Media.

Sponsors and supporters of
GNEX 2011 include:

The Absolute World
Group, Dial an Exchange,
Resort Television, Yucatan
Holidays, Citadel Trustees,

$12m Port facility's
year-end open goal

FROM page 1B

complete, with upland work at the Arawak Cay site, including

? the construction of a $2 million, 25,000 square foot warehouse,

If the transmission line is not i beginning several weeks ago.

ready in time to allow for Wil- :
son City to feed the high sum- } modate ships coming into the port, the bulk head at which
ee iia ae pie oo ? these ships will dock, and the nearby “apron” or flat surface
a gee eeer eet wa | area where containers will be offloaded.
then the power supply will need :
to be supplemented from the }

old Marsh Harbour power ? marked for the port, on which construction began in summer

plant until the line is complete. } 2010, has now been spent.
It is for this reason that BEC } ; 4 i u a
is shortly set to spend just } Vale entity behind the development, said he was “very pleased
over$500,000 to overhaul three }
generation units at the Marsh }
Harbour plant, thus avoiding }
embarrassment should the }

delayed transmission line not }

Marine works have consisted primarily of dredging to accom-

Over 28 per cent, or $20 million, of the $70 million ear-

Mike Maura, chief executive of APD Ltd, the public-pri-

with progress on the port, which will allow for the relocation of
container shipping facilities from downtown Bay Street.

He added that he was particularly happy with the fact that
stakeholders were able to come together to facilitate the relo-
cation of the Betty K shipping operation away from its burnt out

: former Bay Street home to Arawak Cay last week, more than
? two months ahead of the scheduled date for this to happen.

“That took a lot of effort in terms of current operators on

Terminal

The inland terminal is to be built at a 15-acre site on Glad-

Mr Maura said: “That stripping of the goods will then be per-

“There will be a number of tenants there with different sized

The Gladstone Road site makes sense not only because it will
allow for a reduction of shipping-related congestion on Bay
Street, where such offloading and housing of goods currently
takes place, but also because the “commercial centre” of the
island has shifted - with more activity now taking place away
from Bay Street, Palmdale and the historic centres of com-

? merce, in locations such as Carmichael Road.

APD Ltd expects to shortlist a number of contractors who

“The goal is that by the end of the year a substantial portion

Part of Emera’s interest in of the facility would’ve been constructed, so that we can get at
exploring the possibility of link- i least a portion of it operational. We do not anticipate everything
ing Abaco and Grand Bahama } being completed until about February 2012, but if we can
via a submarine power cable is ; accomplish what we hope to by the end of year will be in pret-
to allow for either island to sup- } ty good shape,” said Mr Maura of the Gladstone Road termi-
plement the other should short- } nal.

falls in generation occur in the } val : a :
: to pay off the $30 million bridge loan facility that was required

A $30 million private placement, which will allow APD Ltd

to finance construction, after it obtained $20 million from its 20
private stakeholders and $20 million from the Government, is
still anticipated to take place “by year-end”.

The decision on when the Initial Public Offering of 20 per

? cent of the shares in the Arawak Cay port to the public will take
BEC. It submitted a proposalin }

place is one to be made by the Government, Mr Maura noted.

i He said that no further indication has been given on when

no further developments have { this offering might take place.

taken place in this regard, Tri- }

Connex, First American Title
Insurance Company, Interval
International, LeisureLink,
Max Generation, RCI, First
National Trustee Company,
Alternative Ownership Con-
ference Asia Pacific
(AOCAP), Australian Time-
share & Holiday Ownership
Council (ATHOC), Canadi-
an Resort Development
Association (CRDA), Coop-
erative Association of Resort
Exchangers (CARE), La
Asociaci6én Mexicana de
Desarrolladores Turisticos
(AMDETUR), Ragatz Frac-

Atlantis conference

needed to enable Marsh Har- :
bour to get the full benefits }
from the newly-constructed }
Wilson City plant’s enhanced }
: sor of the First Annual Glob-
? al Networking Expo, GNEX
Abaco has been particularly }

concerned that without the line, timeshare industry and which

? is being held at Paradise

the disastrous power outages } Jgjand’s Atlantis resort.

that further stymied the }
sourisi span de nl Seon 0my keynote speaker at this inau-
last summer during already try- : : :

? gural event that will bring
In January, the minister with | together shared ownership

responsibility for the rnviron- } professionals from so many

ment, Earl Deveaux, told a } countries,” said Craig M.
town meeting in Marsh Har- }
bour that the matter is a prior- }
ity for the Government, and }
? ent company of Interval Inter-
line from one which is present- }
ly able to carry 14-16 megawatts }

tional Interest Conference,
Resort Development Organ-
isation (RDO), Vacation
Ownership Association of
Southern Africa (VOASA),
American Airlines, Avis Rent
A Car and Christel House
International as Charity of
Choice.

Perspective Media pro-
duces Owners Perspective
Magazine, an independent
consumer publication that
specialises in promoting the
benefits of buying shared
ownership products to the
general public.

NOTICE

GOAL GLOBAL OFFSHORE ASSETS LIMITED

N OTIC E IS HEREBY GIVEN as follows:

{a) GOAL GLOBAL OFFSHORE ASSETS
LIMITED is in dissolution under the
provisions of the International Business

Companies Act 2000.

The dissolution of the said Company

commenced on the 24" day of February,
2011 when its Articles of Dissolution were

submitted to and registered by the Registrar
General.

The Liquidator of the said ae is Dr
Michael Grabher of Heiligkreuz 6, LI-
9490, Vaduz, Liechtenstein.

Dated the 24 day of February, 2011.
H & J CORPORATE SERVICES LTD.

Registered Agent
for the above-named Company



GOVERNMENT NOTICE
MINISTRY OF EDUCATION
NOTICE

Procurement for School Furniture/Equipment for the 7.4. Glover Lab School

The Ministry of Educ ation, (hereafter called the “Purchaser) mow invites

Bealed bids

from wppliers for the

procurement of School

Furnniturea/Equipment for The 7.6. Glover Lab School.

Interested Bidders may inspecticollect the bidding documents from the
Purchasing/Supplies Section of the Ministry of Education, in The Teacher &
Salaned Workers Co-Operative Credit Union Bldg. from Wednesday 237
February, 2071, and obtain further information, at the second address given

Eee low

Bide must be in English and shall be enclosed in duplicates in a sealed
envelope bearing no identty of fhe bidder and endorsed with the subject
bided on [Sehool FurnituravEquipment for The TG. Glover Lab Schaal")

Bide must be deposited in the tender box provided, at the first address, on or

before Monday, 217 March, 2071 by 5:00 p.m. (local time)
necessary to submit bids in person since they may be sent by mail

t wall not Be
Late

bide will be rejected and retumed unopened

Bide will be opened at the public tender meeting, in the presence of those
Bidder(s) or their Representative (5) who choose to attend, at 10000 a.m. on
Tuesday 22° March, 2011 at the first address below

(1) The Chainman Tender’
Ministry of Finance
Cecil Wallace Whitfield

Cable Beach

P.O. Box M-3017
Hassau, The Bahamas
Tale: (242)327-1530

Purchasing Supplies Section
Ministry of Education

PO. Bow N-387 3/4

Nassau, The Bahamas
Tele: (242) 502-277 112

The Ministry reserves the right to reject any or all Tenders




PAGE 4B, WEDNESDAY, MARCH 2, 2011

THE TRIBUNE





AML Foods to continue stare buy hack plan

FROM page 1B

drawn hostile takeover offer
had awoken all Bahamian
public companies to the need
to maintain close relationships
with their shareholders.

Praising the Securities
Commission for removing the
BISX-listed food retail
group’s share suspension so
rapidly, Dionisio D’Aguilar
said Mark Finlayson’s $12
million ‘hostile’ bid for a 51
per cent stake in the company
had “paved the way” for sim-
ilar offers in the future, and
educated Bahamian investors
on how the process should
proceed in future.

And the $1.50 per share
bid, apart from helping to dri-
ve AML Foods’ share price
higher, had also concentrat-
ed shareholder minds on the
food retail group’s funda-
mentals and what its true val-
ue is, Mr D’ Aguilar added.

“T think we’ll continue,” he
said of AML Foods’ share
buy back plan, announced in
January in what many suspect
was a Board/management
response to indications that a
hostile offer was coming, with
the intention of bolstering the
share price.

“We felt that our shares
were undervalued. One thing
this hostile offer has done is
that it has added value to our
shares. They will not budge
from $1.50 for a while,” Mr
D’ Aguilar said.

AML Foods’ share price is
currently $1.04 on BISX, but
when it comes to Open
Orders, all four of them are
‘Buys’ at prices ranging from



MARK FINLAYSON

yesterday’s market close to
$1.07 per share.

Ultimately, Mr D’ Aguilar
said AML Foods’ investors
did not want to sell at the
price offered by Mr Finlayson,
the ‘hostile bidder’ having
previously offered $1.86 per
share to some of the compa-
ny’s larger shareholders.
However, Tribune Business
understands that some of
AML Foods’ major investors
were holding out for as high
as $3 per share.

“Tt caused people to look
at the fundamentals and see
what the share value is,” the
AML Foods chairman told
this newspaper. “Should there
be any downward trend in the
price, we will definitely step in
and mop up, and ensure that
it doesn’t become unreason-
ably low, unrealistically low.

“We will ensure that the
share price is not driven by
people making quick sales to
realise cash to take care of
personal affairs.”

Recalling the events of the
past month, the ‘hostile’
takeover having been publicly
announced on January 31, Mr
D’ Aguilar told Tribune Busi-
ness: “Mr Finlayson has
paved the way for the future,
giving people an indication of
how it [hostile takeovers]
work, and has probably made
public companies awaken
more to shareholder relations
and management.

“We have so many share-
holders [1,357], and so many
shares, that the one thing that
became very evident in this
exercise was that AML has a
truly diverse number of share-
holders, and no one or two
shareholders has a controlling
interest. You’d have to get
the top 10-15 shareholders to
get close to 51 per cent.

“Tt still doesn’t take away
from the fact that we have to
work on shareholder value,
which is what’s driven by fun-
damentals.”

Describing the Securities
Commission’s suspension of
trading in AML Foods shares
last week as a “minor incon-
venience”, being implement-
ed to maintain an orderly
securities market, Mr
D’Aguilar praised Mr Fin-
layson for paving the way for
trading to resume by the
prompt formal announcement
of his bid’s withdrawal.

“Tm amazed they’ve
moved so quickly,” he said of
the Securities Commission. “I
thought it would take much
longer than that, but ’m
always amazed when govern-
ment departments move in
haste. It was the right deci-

sion, made in a timely man-
ner, so we move on. There
was no reason for them to
keep it suspended.”

Asked about the impact the
share suspension had on
AML Foods investors, Mr
D’ Aguilar told Tribune Busi-
ness: “I think the share sus-
pension was a mild inconve-
nience, because it did not go
on for long. Had it been
longer, it would have been a
major inconvenience to share-
holders because they would
not have been able to trade
their shares.

“But I applaud Mr Fin-
layson. Having decided to
withdraw his tender offer, he
was expeditious in telling
everyone, allowing the status
quo to resume. Once he knew
his decision, he did not linger
on for an inordinate amount
of time, which we appreciate.”

Joining Mr Finlayson in
pointing out that comments
the two had made during the
period the ‘hostile takeover’
was live were nothing per-
sonal, the AML Foods chair-
man said: “Both of us are
educated enough to realise
that what’s said in the heat of
the moment is just that.

“There are no hard feelings,
so I look forward to breaking
bread with him at some point
in the near future. I’m glad
it’s all over, and thank every-
one for their support. I wish
everyone, including Mr Fin-
layson, best wishes for their
future endeavours. It was an
interesting experience, but
now I can get back to where I
belong, running Superwash.”

NOTICE

INTERNATIONAL BUSINESS COMPANIES
ACT 2000 (No. 45 of 2000)
Liquidator’s Statement
Pursuant to Section 138(6) of
The International Business Companies Act

I, George Clifford Culmer, Liquidator of
POWBRIDGE PORTFOLIO INC. HEREBY
CERTIFY that the wind-up and dissolution of
POWBRIDGE PORTFOLIO INC. has _ been
completed in accordance with the Articles of
Dissolution.

Dated this 01“ day of March, 2011

GEORGE CLIFFORD CULMER



AlG, MetLife reach agreement on share sales

WASHINGTON

American International Group Inc. said Tuesday it is taking
another step toward repaying the government's $182 billion
bailout package.

The company has reached an agreement with MetLife Inc. to
sell more than 78 million MetLife common shares, and it also
agreed to sell another 40 million equity units of MetLife valued
at $3 billion. AIG received the securities as part of the $16.2 bil-
lion sale of its American Life Insurance Co. subsidiary to
MetLife last November. MetLife paid $7.2 billion in cash and
the rest in securities for ALICO.

MetLife has agreed to allow AIG to sell the securities earli-
er than planned. AIG initially promised to hold the securities
for at least nine months.

MetLife also said Tuesday that it plans to sell 68.6 million
shares in a public offering. It will use proceeds from the sale to
repurchase preferred convertible securities owned by AIG.
Those securities could be converted to 68.6 million common
shares. MetLife will then cancel the securities, rather than
convert them. The government still owns about 90 percent of
AIG's shares, which it received in January in return for $47.5
billion in taxpayer aid. Depending on how the shares perform,
the government could make a profit on the bailout after it
sells the shares. The Treasury Department is expected to start
selling its shares this month.

APD Limited

APD Limited is in the process of Prequalifying contractors in connection with the design
and construction of their proposed Inland Container Terminal on Gladstone Road. This
project will be procured on a design/build basis.

The Prequalification documents can be accessed by logging anto:

ftp://dhpftp.aotbahamas.com
username: apditd
password: apdi234

The documents must be completed and returned by 5pm Friday, March he 2011

electronically to:

pow(@ dhpassociates.com
or rroker@dhpassociates.com

or by hand to:
APD Limited
House of Moska
Bay Street
Nassau, Bahamas

The selected design/build entities will be provided with Requests for Proposals on
Friday, March 7", 2011,

Please be advised that only Bahamian registered firms will be considered.

Tenderers who have previously responded to Prequalification documents in this
connection are advised to review the documents as now posted and revise their

submission if they so desire.

ROBIN HOOD ‘OPEN’ TO CITY
MARKETS CONSOLIDATION TALKS

FROM page 1B

to find economies of scale to survive. I’m open to anything
from anyone that makes money. If it makes financial sense
for us, it would be foolish not to consider it. You keep an
open mind, listen to these things, and if it makes sense,
move forward.

“When you’re in business, you don’t fall in love with
business. You’re in business to make money, and what you
do with that money is your choice. It’s good to give back to
the community, though.”

In disclosing the withdrawal of his $12 million ‘hostile
takeover’ bid to acquire a majority 51 per cent stake in
rival retailer AML Foods, Mr Finlayson told Tribune Busi-
ness at the weekend that the Associated Bahamian Dis-
tillers and Brewers (ABDAB) Board had directed him to re-
open talks with both Phil’s Food Services and Robin Hood,
and see if there were mergers and acquisition possibilities
there.

“Phil’s did $41 million in sales last year. That’s impressive
in 13 months. I’ve never seen Sandy’s [Robin Hood] num-
bers, but he’s said $26 million, and I don’t think that was up
to the close of the year,” Mr Finlayson said.

Mr Schaefer’s response yesterday indicates that doors
are still open for Mr Finlayson to pursue his food retail
consolidation strategy. Indeed, he previously told Tribune
Business that exploratory talks were held with both Robin
Hood and Phil’s Food Services last year, although nothing
came of them then.

Mr Finlayson, though, may have more difficulty in mak-
ing headway with Phil’s Food Services.

Standalone

When Tribune Business revealed details of his preliminary
approach to both parties, Phil’s principal, Philip Light-
bourne responded adamantly: “I am having no conversations
with anyone. I am in no talks with Trans-Island Traders,
Robin Hood, nobody. I'm a standalone. I'm a guy who
stands alone to give service to the Bahamian people.

“Phil's Food Services will remain Phil's Food Services. I
think they're [Mr Finlayson] really trying to get AML Foods
to bite, so they figured they'd use my name and Sandy
Schaefer's name. No one’s talking to me and there will be no
talks. I'm in no talks with anybody.”

Meanwhile, Mr Schaefer, backing Mr Finlayson’s strate-
gy, told Tribune Business yesterday: “Certain things at
some point become inevitable. You have a finite population,
and as more and more players come on to the field, the pie
gets cut into smaller and smaller slices.

“At some point, consolidation makes sense, because you
eliminate players from the field. You can exploit economies
of scale, you can exploit shipping. There are so many advan-
tages to working together than working apart from each oth-
er. It’s common sense to listen.”

Despite fighting ‘tooth and nail’ to ensure Mr Finlayson’s
‘hostile takeover’ offer was defeated, AML Foods chairman,
Dionisio D’Aguilar, also agreed that consolidation in the
Bahamian food retail industry was essential, as there were
too many retailers with too much product chasing too few
customers.

Markets shares and profits are under pressure, especially
given that the recession has reduced disposable incomes
and shrunk household food budgets.

“There are a lot of people entering the market. Where
Mr Finlayson was right and very astute was that this
market is becoming very crowded, and you have to think
very hard about where and when you build a new loca-
tion,” Mr D’Aguilar said earlier this week.

“The population is very static, and spending on food is
not increasing much. You’re just taking that pie and
splitting it more each year.”



Legal Notice

NOTICE
RIAN WEALTH
MANAGEMENT LID.

Notice is hereby given that in accordance with
Section 137 (8) of the International Business Com-
panies Act, 2000, RIAN WEALTH MANAGE-
MENT LTD., has been dissolved and struck off the
Register according to the Certificate of Dissolution
issued by the Registrar General on the 8 th day of
February, A.D., 2011.

Dated the 2nd day of March A.D., 2011

A.J.K. Corporate Services (Bahamas) Limited
Liquidator



Legal Notice

NOTICE
DELLSON INVESTMENT
MANAGEMENT INC.

Notice is hereby given that in accordance with
Section 137 (8) of the International Business
Companies Act, 2000, DELLSON INVESTMENT
MANAGEMENT LTD., has been dissolved and
struck off the Register according to the Certificate
of Dissolution issued by the Registrar General on
the 8 th day of February, A.D., 2011.

Dated the 2nd day of March A.D., 2011

A.J.K. Corporate Services (Bahamas) Limited
Liquidator







TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM
PAGE 4B, WEDNESDAY, MARCH 2, 2011

THE TRIBUNE





AML Foods to continue stare buy hack plan

FROM page 1B

drawn hostile takeover offer
had awoken all Bahamian
public companies to the need
to maintain close relationships
with their shareholders.

Praising the Securities
Commission for removing the
BISX-listed food retail
group’s share suspension so
rapidly, Dionisio D’Aguilar
said Mark Finlayson’s $12
million ‘hostile’ bid for a 51
per cent stake in the company
had “paved the way” for sim-
ilar offers in the future, and
educated Bahamian investors
on how the process should
proceed in future.

And the $1.50 per share
bid, apart from helping to dri-
ve AML Foods’ share price
higher, had also concentrat-
ed shareholder minds on the
food retail group’s funda-
mentals and what its true val-
ue is, Mr D’ Aguilar added.

“T think we’ll continue,” he
said of AML Foods’ share
buy back plan, announced in
January in what many suspect
was a Board/management
response to indications that a
hostile offer was coming, with
the intention of bolstering the
share price.

“We felt that our shares
were undervalued. One thing
this hostile offer has done is
that it has added value to our
shares. They will not budge
from $1.50 for a while,” Mr
D’ Aguilar said.

AML Foods’ share price is
currently $1.04 on BISX, but
when it comes to Open
Orders, all four of them are
‘Buys’ at prices ranging from



MARK FINLAYSON

yesterday’s market close to
$1.07 per share.

Ultimately, Mr D’ Aguilar
said AML Foods’ investors
did not want to sell at the
price offered by Mr Finlayson,
the ‘hostile bidder’ having
previously offered $1.86 per
share to some of the compa-
ny’s larger shareholders.
However, Tribune Business
understands that some of
AML Foods’ major investors
were holding out for as high
as $3 per share.

“Tt caused people to look
at the fundamentals and see
what the share value is,” the
AML Foods chairman told
this newspaper. “Should there
be any downward trend in the
price, we will definitely step in
and mop up, and ensure that
it doesn’t become unreason-
ably low, unrealistically low.

“We will ensure that the
share price is not driven by
people making quick sales to
realise cash to take care of
personal affairs.”

Recalling the events of the
past month, the ‘hostile’
takeover having been publicly
announced on January 31, Mr
D’ Aguilar told Tribune Busi-
ness: “Mr Finlayson has
paved the way for the future,
giving people an indication of
how it [hostile takeovers]
work, and has probably made
public companies awaken
more to shareholder relations
and management.

“We have so many share-
holders [1,357], and so many
shares, that the one thing that
became very evident in this
exercise was that AML has a
truly diverse number of share-
holders, and no one or two
shareholders has a controlling
interest. You’d have to get
the top 10-15 shareholders to
get close to 51 per cent.

“Tt still doesn’t take away
from the fact that we have to
work on shareholder value,
which is what’s driven by fun-
damentals.”

Describing the Securities
Commission’s suspension of
trading in AML Foods shares
last week as a “minor incon-
venience”, being implement-
ed to maintain an orderly
securities market, Mr
D’Aguilar praised Mr Fin-
layson for paving the way for
trading to resume by the
prompt formal announcement
of his bid’s withdrawal.

“Tm amazed they’ve
moved so quickly,” he said of
the Securities Commission. “I
thought it would take much
longer than that, but ’m
always amazed when govern-
ment departments move in
haste. It was the right deci-

sion, made in a timely man-
ner, so we move on. There
was no reason for them to
keep it suspended.”

Asked about the impact the
share suspension had on
AML Foods investors, Mr
D’ Aguilar told Tribune Busi-
ness: “I think the share sus-
pension was a mild inconve-
nience, because it did not go
on for long. Had it been
longer, it would have been a
major inconvenience to share-
holders because they would
not have been able to trade
their shares.

“But I applaud Mr Fin-
layson. Having decided to
withdraw his tender offer, he
was expeditious in telling
everyone, allowing the status
quo to resume. Once he knew
his decision, he did not linger
on for an inordinate amount
of time, which we appreciate.”

Joining Mr Finlayson in
pointing out that comments
the two had made during the
period the ‘hostile takeover’
was live were nothing per-
sonal, the AML Foods chair-
man said: “Both of us are
educated enough to realise
that what’s said in the heat of
the moment is just that.

“There are no hard feelings,
so I look forward to breaking
bread with him at some point
in the near future. I’m glad
it’s all over, and thank every-
one for their support. I wish
everyone, including Mr Fin-
layson, best wishes for their
future endeavours. It was an
interesting experience, but
now I can get back to where I
belong, running Superwash.”

NOTICE

INTERNATIONAL BUSINESS COMPANIES
ACT 2000 (No. 45 of 2000)
Liquidator’s Statement
Pursuant to Section 138(6) of
The International Business Companies Act

I, George Clifford Culmer, Liquidator of
POWBRIDGE PORTFOLIO INC. HEREBY
CERTIFY that the wind-up and dissolution of
POWBRIDGE PORTFOLIO INC. has _ been
completed in accordance with the Articles of
Dissolution.

Dated this 01“ day of March, 2011

GEORGE CLIFFORD CULMER



AlG, MetLife reach agreement on share sales

WASHINGTON

American International Group Inc. said Tuesday it is taking
another step toward repaying the government's $182 billion
bailout package.

The company has reached an agreement with MetLife Inc. to
sell more than 78 million MetLife common shares, and it also
agreed to sell another 40 million equity units of MetLife valued
at $3 billion. AIG received the securities as part of the $16.2 bil-
lion sale of its American Life Insurance Co. subsidiary to
MetLife last November. MetLife paid $7.2 billion in cash and
the rest in securities for ALICO.

MetLife has agreed to allow AIG to sell the securities earli-
er than planned. AIG initially promised to hold the securities
for at least nine months.

MetLife also said Tuesday that it plans to sell 68.6 million
shares in a public offering. It will use proceeds from the sale to
repurchase preferred convertible securities owned by AIG.
Those securities could be converted to 68.6 million common
shares. MetLife will then cancel the securities, rather than
convert them. The government still owns about 90 percent of
AIG's shares, which it received in January in return for $47.5
billion in taxpayer aid. Depending on how the shares perform,
the government could make a profit on the bailout after it
sells the shares. The Treasury Department is expected to start
selling its shares this month.

APD Limited

APD Limited is in the process of Prequalifying contractors in connection with the design
and construction of their proposed Inland Container Terminal on Gladstone Road. This
project will be procured on a design/build basis.

The Prequalification documents can be accessed by logging anto:

ftp://dhpftp.aotbahamas.com
username: apditd
password: apdi234

The documents must be completed and returned by 5pm Friday, March he 2011

electronically to:

pow(@ dhpassociates.com
or rroker@dhpassociates.com

or by hand to:
APD Limited
House of Moska
Bay Street
Nassau, Bahamas

The selected design/build entities will be provided with Requests for Proposals on
Friday, March 7", 2011,

Please be advised that only Bahamian registered firms will be considered.

Tenderers who have previously responded to Prequalification documents in this
connection are advised to review the documents as now posted and revise their

submission if they so desire.

ROBIN HOOD ‘OPEN’ TO CITY
MARKETS CONSOLIDATION TALKS

FROM page 1B

to find economies of scale to survive. I’m open to anything
from anyone that makes money. If it makes financial sense
for us, it would be foolish not to consider it. You keep an
open mind, listen to these things, and if it makes sense,
move forward.

“When you’re in business, you don’t fall in love with
business. You’re in business to make money, and what you
do with that money is your choice. It’s good to give back to
the community, though.”

In disclosing the withdrawal of his $12 million ‘hostile
takeover’ bid to acquire a majority 51 per cent stake in
rival retailer AML Foods, Mr Finlayson told Tribune Busi-
ness at the weekend that the Associated Bahamian Dis-
tillers and Brewers (ABDAB) Board had directed him to re-
open talks with both Phil’s Food Services and Robin Hood,
and see if there were mergers and acquisition possibilities
there.

“Phil’s did $41 million in sales last year. That’s impressive
in 13 months. I’ve never seen Sandy’s [Robin Hood] num-
bers, but he’s said $26 million, and I don’t think that was up
to the close of the year,” Mr Finlayson said.

Mr Schaefer’s response yesterday indicates that doors
are still open for Mr Finlayson to pursue his food retail
consolidation strategy. Indeed, he previously told Tribune
Business that exploratory talks were held with both Robin
Hood and Phil’s Food Services last year, although nothing
came of them then.

Mr Finlayson, though, may have more difficulty in mak-
ing headway with Phil’s Food Services.

Standalone

When Tribune Business revealed details of his preliminary
approach to both parties, Phil’s principal, Philip Light-
bourne responded adamantly: “I am having no conversations
with anyone. I am in no talks with Trans-Island Traders,
Robin Hood, nobody. I'm a standalone. I'm a guy who
stands alone to give service to the Bahamian people.

“Phil's Food Services will remain Phil's Food Services. I
think they're [Mr Finlayson] really trying to get AML Foods
to bite, so they figured they'd use my name and Sandy
Schaefer's name. No one’s talking to me and there will be no
talks. I'm in no talks with anybody.”

Meanwhile, Mr Schaefer, backing Mr Finlayson’s strate-
gy, told Tribune Business yesterday: “Certain things at
some point become inevitable. You have a finite population,
and as more and more players come on to the field, the pie
gets cut into smaller and smaller slices.

“At some point, consolidation makes sense, because you
eliminate players from the field. You can exploit economies
of scale, you can exploit shipping. There are so many advan-
tages to working together than working apart from each oth-
er. It’s common sense to listen.”

Despite fighting ‘tooth and nail’ to ensure Mr Finlayson’s
‘hostile takeover’ offer was defeated, AML Foods chairman,
Dionisio D’Aguilar, also agreed that consolidation in the
Bahamian food retail industry was essential, as there were
too many retailers with too much product chasing too few
customers.

Markets shares and profits are under pressure, especially
given that the recession has reduced disposable incomes
and shrunk household food budgets.

“There are a lot of people entering the market. Where
Mr Finlayson was right and very astute was that this
market is becoming very crowded, and you have to think
very hard about where and when you build a new loca-
tion,” Mr D’Aguilar said earlier this week.

“The population is very static, and spending on food is
not increasing much. You’re just taking that pie and
splitting it more each year.”



Legal Notice

NOTICE
RIAN WEALTH
MANAGEMENT LID.

Notice is hereby given that in accordance with
Section 137 (8) of the International Business Com-
panies Act, 2000, RIAN WEALTH MANAGE-
MENT LTD., has been dissolved and struck off the
Register according to the Certificate of Dissolution
issued by the Registrar General on the 8 th day of
February, A.D., 2011.

Dated the 2nd day of March A.D., 2011

A.J.K. Corporate Services (Bahamas) Limited
Liquidator



Legal Notice

NOTICE
DELLSON INVESTMENT
MANAGEMENT INC.

Notice is hereby given that in accordance with
Section 137 (8) of the International Business
Companies Act, 2000, DELLSON INVESTMENT
MANAGEMENT LTD., has been dissolved and
struck off the Register according to the Certificate
of Dissolution issued by the Registrar General on
the 8 th day of February, A.D., 2011.

Dated the 2nd day of March A.D., 2011

A.J.K. Corporate Services (Bahamas) Limited
Liquidator







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

WEDNESDAY, MARCH 2, 2011, PAGE 5B





Manutacturing srowing
at fastest pace in 7 years

CHRISTOPHER

S. RUGABER,

AP Economics Writer
WASHINGTON

U.S. manufacturers expand-
ed at the fastest pace in nearly
seven years last month, but a
sudden rise in the price of raw
materials could threaten their
profits. The Institute for Supply
Management said Tuesday that
its index of manufacturing
activity rose to 61.4 in February,
up from 60.8 the previous
month. That's the highest read-
ing since it reached the same
level in May 2004. The ISM's
index bottomed out at 33.3 in
December 2008, its lowest point
in nearly 30 years.

Any reading above 50 indi-
cates expansion. The manufac-
turing sector has now expanded
for the past 19 months.

The rebound in manufactur-
ing is gaining momentum, the
report showed. The new orders
index rose to a seven-year high.
A measure of order backlogs
rose to its highest level in a
year. And inventories are
shrinking, both at manufactur-
ers and their customers. All are
signs that factory output is like-
ly to keep growing.

"The recovery in the sector is
both robust and on track," said
Jan Shepherdson, an economist
at High Frequency Economics.

Solid growth overseas, par-
ticularly in developing coun-
tries such as China, Brazil and
India, has also helped by boost-
ing exports. A measure of
export orders rose to its highest
level in more than 22 years.

And an employment index
in the ISM's report topped 60
for only the third time in a
decade, evidence that manu-
facturers are adding employees
at a rapid clip.



(AP Photo/Ted . Warren) :



(AP Photo/Bebeto Matthews)
CRUDE REACTION: Traders of crude oil and natural gas react during ear-
ly trading at the New York Mercantile Exchange on Monday, Jan. 31, 2011.
Brent crude oil topped $100 for the first time since 2008 as investors kept
an anxious eye on Egypt and worried about unrest there disrupting the flow
of oil from the Middle East. Brent is the benchmark for oil prices in
Europe and Asia.

Oil prices jump on Middle
East, Bernanke comments

CHRIS KAHN,
AP Energy Writer
NEW YORK

Oil prices climbed Tuesday as Iran clamped down on anti-gov-
ernment protesters and unrest in the Middle East threatened to
keep energy prices high for months to come.

Benchmark West Texas Intermediate for April delivery gained
$2.66 to settle at $99.63 a barrel on the New York Mercantile
Exchange.

In London, Brent crude gained $3.62 to settle at $115.42 per bar-
rel on the ICE Futures exchange.

The recent surge in oil has pushed up gasoline prices in the
USS. by nearly 20 cents per gallon in the past week. That's the
sharpest increase since September 2008, when Hurricane Ike shut
down Gulf Coast refineries, according to the Oil Price Information
Service. In 2005, Hurricane Katrina sent prices soaring about 45
cents per gallon in one week.

Oil prices surged 13 percent last week, peaking above $100 per
barrel, as Libyan protesters expanded their control over the coun-
try. While the Libyan uprising continued Tuesday, news agencies
reported that Iranian authorities imprisoned opposition leaders in

: Tehran. Iranian authorities denied the reports.

Pro-reform groups have clashed with the Iranian government.
Jailing opposition leaders would be a major escalation of the
country's political crisis. Iran exports about 2.5 million barrels of
oil and natural gas liquids per day, about 3 percent of global
demand. The Iran protests are among the latest uprisings that
have churned through North Africa and the Middle East, a crucial
region that's responsible for most of the world's crude exports.
Analysts say it's impossible to say how long it will take for upris-
ings to play out, but energy markets likely will be on edge through
the summer.

Analysts added that they're still concerned about unrest in

But prices paid for steel, plas-
tics, rubber and other raw

Algeria, which produces 1.8 million barrels per day, as well as
increasing threats facing Iraq's oil supplies. Militants set off bombs

TALL ORDER: In this Feb. 25, 2011 photo, a Boeing Co. employee works on a wing of a Boeing 767 air- :

materials rose for a third
straight month, a sign that
increasing production costs
could spark higher inflation.

"Growth may not be as
robust as we would like because
of these rising commodity
prices," said Brian Levitt, an
economist at Oppenheimer-
Funds. Pricier gas and food
reduce the amount of money
consumers can spend on dis-
cretionary items such as com-
puters and other electronics.
Manufacturers may also eat
some of the higher costs, which
would cut into profit margins,
Levitt said.

"While there are many posi-
tive indicators, there is also con-
cern as industries related to
housing continue to struggle
and the prices index indicates
significant inflation of raw
material costs across many
commodities," said Norbert
Ore, chair of the ISM's survey
committee. On Capitol Hill,
Federal Reserve Chairman Ben
Bernanke said Tuesday that ris-
ing energy prices "don't pose a
significant risk to the recovery
or to overall inflation."

But a prolonged rise in the
price of oil or other commodi-
ties would represent a "threat"
to economic growth, Bernanke
acknowledged. The price of
materials is another challenge
for the struggling construction
industry. The Commerce
Department said Tuesday that
spending by builders fell in Jan-
uary to a seasonally adjusted
annual rate of $791.8 billion.

That's slightly above the
decade low of $791.5 billion hit
in August, and about half of
the $1.5 trillion level that econ-
omists believe would signal a
healthy construction sector. It
could be another four years
before construction recovers to
that level, economists say.

Factories have rebounded at
a healthy clip since the reces-
sion ended in June 2009. Amer-
icans have resumed spending
on cars, appliances and other
big-ticket items and businesses
are investing in more industrial
machinery and other heavy
equipment. U.S. automakers
are reporting healthy sales
increases, after stumbling bad-
ly in the recession. General
Motors Co. said Tuesday that
its February sales soared 49
percent. Deere & Co., the
world's largest manufacturer of
agriculture equipment, said last
month that its quarterly net
income more than doubled as
rising prices for corn, wheat and
other crops encouraged USS.
farmers to buy new machinery.

The Institute for Supply
Management, based in Tempe,
Arizona, compiles its manufac-
turing index by surveying about
300 purchasing executives
across the country.

plane at Boeing Co.’s 767 assembly plant, in Everett, Wash. U.S. manufacturers expanded at the fastest :
pace in nearly 7 years last month, a sign that factories are still leading the economic recovery. i

COMMONWEALTH OF THE BAHARIAS 2008

IM THE SUPREME COURT CLE quis isso

Common Law ard Equity Side

RE-AMENDED NOTICE
The Petition of Juanita Butler in respect of:-

ALL THOSE pieces parcels or lots of land
designated on the plan laid out by Garden
Hill Estates Mo, 3 being Lot Numbers 347 and
8449 situate in the Sauthern District of the
Island of Mew Prowidence one of the Ishands
of the Commoanweahth of the Bahamas
bounded MORTHWARDLY by land mow or
farmerly the property of Garden Hill Estates
and running thereon EASTWARDLY by a
Thirty (20) feet Road Reservation called and
known 25 (Lily Lane and running thereon One
Hundredths and Ninety-three and Thirty-
seven Hundredths and Ninety-three and
Thirty-seven Hundredths (193.37) feet and
SOUTHWARDLY 8Â¥ Lot Number 241 and
running therean and WESTWARDLY by
partion of Numbers #18, 817, #16, 815, #i4
and running thereon,

Juanita Butler claims to be the awner of the fer
simple estate in possession of the said land and has applied
to the Supreme Court of The Bahamas under 5.3 of the
Qubating Tithes Act, 165 In the abowe action to have its title
to the said land investigated the nature and extent thereat
determined and declared in a Certificate of Title to be
Branted by the court in accordance with prowisions of the
jae Ao. Copies of the said plan may be indpected during
narmal office hours af the Registry of the Supreme Court,
East Street, ML.P., and at the Chambers of C.F. Butler &
Associates, Charles —. Carey Building, Dowdeswell Street,
Natsau, Bahamas

MOTICE IS HEREVEY GIVEN that any persan having
Gower of 2a fight to dower or any adverse claim not
recognized m the Partition shall before the 24° -daypettcsober
ADIOS 3" -dayet become AB 208o 77" day of April
4.0,, 2011 file in the said Registry of The Supreme Court and
serve the Petitioner or the abaye C.F. Butler & Associates a
thatement of such claen in the prescribed form verified by an
Affidavit to be filed herewith. Failure of any such person to

will operate as ia bar to such claim.

C.F. BUTLER & ASSOCIATES
Chambers

Mo. 7 Dennings Marar
Alic# Soreet

Nassau, The Bahamas

Atorneys for the Petitioner

in an attack on Iraq's largest refinery over the weekend.

Arawak Port Development — Request for Proposal for the
Terminal Management and Development of the Arawak Port
Bulk Terminal

Invitation to qualified Bahamian firms to submit proposals for providing bulk material
handling equipment and bulk handling services

Arawak Port Development was established in 2010 pursuant to a MOU between the
Bahamas Government and Arawak Port Development Ltd and for the purpose of
developing Arawak Cay into an international port facility serving the break bulk cargo,
bulk materials and containerized freight needs in New Providence. The port development
and operating agreement with the Government of The Bahamas provides Arawak Port
Development with exclusive rights to operate the port in New Providence for twenty
years and provides Arawak Port Development with a 45 year lease for the port property
on Arawak Cay.

In July 2010 Port construction began and is expected to conclude by December 2011. The
bulk material terminal operations are presently managed on temporary facilities. The port
plan describes the area designated for the port bulk terminal, comprising approximately
8 acres (A copy of the Bulk Terminal plot may be obtained from the APD Ltd office).
Arawak Port Development requires that bulk material construction begin on or before
April 15, 2011 and is completed by December 31", 2011.

The Terminal Operator will be expected to operate and invest in the bulk terminal facility.
On the basis of a mutually agreed upon formula, the Terminal Operator is permitted to
charge a bulk material handling fee which will serve to compensate the Terminal Operator
for any investments made in the facility and address all operating expenses. Arawak Port
Development will establish the rules and regulations on how to operate the bulk terminal.
The Terminal Operator will be required to conform to these requirements in order to
remain in good standing with Arawak Port Development. Should the Terminal Operator
fail to meet the minimum operating requirements and the agreement be terminated for
cause, Arawak Port Development will have the night to acquire all investments made by
the Terminal Operator. Among other equipment and facilities, the Terminal Operator will
be required to invest in a conveyor system which will connect the terminal berth to the
terminal’s customer loading area. The Terminal Operator will also be required to invest in
a bulk material containment facility and cement and bitumen storage facilities.

Terminal Operators interested in the providing the bulk material handling services in
the Arawak Port are invited to submit a proposal to include but not be limited to the
following:
1. Business structure; sole entity or a consortium of partners. Please explain
and provide background of consortium.

. Evidence that the applicant is licensed to provide bulk material handling
services in the Bahamas.

. Summary of current and historic experience in the bulk materials handling in
the Bahamas.

. The Arawak Port will not have exclusive rights to receive and handle bulk
materials shipped to New Providence. What volume of bulk material is the
applicant prepared to guarantee despite continued competition with other
bulk terminals in New Providence, most notably Clifton Pier.

. The strategy on how independence and service level is guaranteed for all
different users whom will import and export via the terminal.

. Evidence from any one or more of Royal Bank of Canada, First Caribbean,
Bank of The Bahamas, Royal Fidelity, Scotiabank or other recognized firm,
indicating the applicant’s ability to invest a minimum of $7 million on

demand.

Procedure:

Upon receipt and satisfactory analysis of the provided qualification criteria, Arawak
Port Development will provide the successful applicant(s) with detailed construction
requirements, the terms of reference for the use of the temporary facility and the Terminal
License agreement for the bulk terminal area. Shortlisted companies will be invited to
present their proposal on or before March 18th, 2011.

You are requested to hand deliver your submission to the office of Arawak Port
Development Ltd. Submissions must be received by March 11th, 2011.

Arawak Port Development
House of Mosko’s Building
Corner of Bay & Victoria Street.



TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM
PAGE 6B, WEDNESDAY, MARCH 2, 2011

THE TRIBUNE





GM leads auto sales jump

DEE-ANN DURBIN,
AP Auto Writers
TOM KRISHER,
AP Auto Writers
DETROIT

The USS. auto sales recovery
picked up steam last month
with all major car companies
reporting double-digit gains.

General Motors Co. led the
way with a whopping 49 per-
cent US. sales jump compared
with February of last year, fol-
lowed closely by Toyota Motor
Corp. with a 42 percent gain.

Nissan Motor Co. and Hon-
da Motor Co. had gains of 32
percent and 22 percent, while
Hyundai Motor Co. sales went
up 28 percent.

Chrysler Group LLC and
Ford Motor Co. showed much
smaller increases, but Chrysler
sales were still strong with a 13
percent increase and Ford came
in at 10 percent.

The companies said Tuesday
that consumers snapped up
both cars and trucks, buoyed
by a gradually improving econ-
omy, and the U.S. automakers
pointed to strong sales of new
models. But the sales gains,
especially for GM, were Juiced
by sweeter financing and lease





(AP Photo/Paul Sancya)
MODEL DESIGN: In this Jan. 12, 2011 photo, a third generation
Toyota Prius is shown at the North American International Auto
Show in Detroit. Toyota Motor Corp. said Tuesday, March 1, 2011, its
U.S. sales jumped 42 percent last month, making up for ground lost

last year from a series of safety recalls.

deals. While analysts weren't
ready to declare a price war —
and GM denied starting one —
they noted an increase in the
deals customers were offered.
The auto industry website
TrueCar.com estimated that
automakers raised incentives 5
percent from January to Feb-
ruary to an average of $2,708
per vehicle. Chrysler, Ford, Nis-
san and Toyota all sweetened
deals by more than 6 percent
for the month, the site said.

Legal Notice

INTERNATIONAL BUSINESS COMPANIES ACT
(No.45 of 2000)

ACEWAY SERVICES S.A.

In Voluntary liquidation











“Notice is hereby given that in accordance with Section
137 (4) of the International Business Companies Act
(No. 45 of 2000), ACEWAY SERVICES S.A. is in







Dissolution.”

The date of commencement of dissolution is the
18th day of February, 2011.






Epsilon Management Ltd.

Suite 13, First Floor, Oliaji Trade Centre
Francis Rachel Street, Victoria, Mahe
Republic of Seychelles
Liquidator















NOTICE
RBC FINCO INVITES TENDERS






RBC FINCO invites tenders for the purchase of the following:




“All THAT” piece parcel or lot of land being Lot #1, Harold Road
Heights, situated in the Western District of New Providence one of
the Islands of the Commonwealth of the Bahamas. Situated thereon








is an undevelopement property.

Property Size: 8,512 sq. ft.




This property is being sold under Power of Sale contained in a
Mortgage to FINANCE CORPORATION OF BAHAMAS







LIMITED.

All offers should be forwarded in writing in sealed envelope,
addressed to the Manager, Royal Bank Collections Centre, P.O.
Box N-7549, Nassau, Bahamas and marked “Tender 0381”. All
offers must be recetved by the close of business 4:00 p.m., Friday











4" March, 2011.

RBC
B) FINCO

NOTICE
RBC FINCO INVITES TENDERS

RBC FINCO invites tenders for the purchase of the following:

“All THAT” piece parcel or lot of land being Lot #6, West
Carmichael Meadows Subdivision, situated in the Western District
of New Providence, one of the Islands of the Commonwealth of the
Bahamas. Situated thereon is a single Family Residence consisting

of a 3 Bedrooms and 2 Bathrooms.

Property Size: 6,085 sq. ft.
Building Size: 1,160 sq. ft.

This property is being sold under Power of Sale contained in a
Mortgage to FINANCE CORPORATION OF BAHAMAS

LIMITED.

All offers should be forwarded in writing in sealed envelope,
addressed to the Manager, Royal Bank Collections Centre, P.O.
Box N-7549, Nassau, Bahamas and marked “Tender 2001”. All
offers must be recetved by the close of business 4:00 p.m., Friday
18" March, 2011.

And the industry's enthusi-
asm for a fast start to 2011 is
tempered somewhat by a rapid
increase in gas prices, due to
both increased demand and a
jump in oil prices amid unrest
in the Middle East.

Also Toyota's gain, while
impressive, was compared with
a bad month last year when a
string of embarrassing safety
recalls had reached its peak.

Still, the gains for February
were so strong that Ford's top

with 49 percent increase

sales analyst told reporters the i
sales rate, when adjusted for }

:? DAVID McHUGH,

seasonal differences and pro- }

jected out for a full year, may ; AP Business Writer

be the highest since the gov- | FRANKFURT, Germany

ernment's Cash for Clunkers i

rebates juiced sales in the sum-
mer of 2009.

vice president of U'S. sales, said
GM boosted incentives early in
the year to get off to a fast start
and catch competitors off

ary, leading to sales of more ; ; —
; just when to start raising rates,

But Johnson predicted GM ? even if it decides to issue a sterner inflation statement.

would back off on incentives } ; , : _ Ol ;
: stressed that inflationary pressures are increasing in Europe's

than 207,000 cars and trucks.

later in the year.

Automakers have attempted }
to wean themselves of incen- i
tives, trying to sell cars and }
? worries.
improved quality, not how }
: Trichet will officially shift the bank's rhetoric from a Feb. 14

? assessment that inflation risks are "balanced."

Incentives on average had }
been falling since the industry } tion following the recent sharp rise in oil prices, markets may
ran into financial trouble in : have to adjust their expectations for when rates might go up. At
? the moment, the markets are pricing in the first rate increase
: toward the end of this year, even though inflation is currently

i running above the bank's target.

trucks based on how much they

much they shaved off the stick-
er price.

2009.

Legal Notice

INTERNATIONAL BUSINESS COMPANIES ACT
(No.45 of 2000)

TULSA INVESTMENT LTD

Notice is hereby given that in accordance with Section

137 (4) of the International Business Companies Act
(No. 45 of 2000) TULSA INVESTMENT LIMITED has
been dissolved and struck off the Register according

to the Certificate of Dissolution issued by the Registrar
General on the 24th day of December, 2010.

Tobias Reinmann
18 Rue le Corbusier
1208 Geneva
Switzerland
Liquidator

RBC
FINCO

NOTICE
RBC FINCO INVITES TENDERS

RBC FINCO invites tenders for the purchase of the following:

“All THAT” piece parcel or lot of land being Lot #1605, Pinewood
Gardens, situated in the Southern District of New Providence, one
of the Isalnds of the Commonwealth of the Bahamas. Situated
thereon is a Single Family Residence consisting of a 4 Bedrooms

adn 2 Bathrooms.

Property Size: 5,000 sq. ft.
Building Size: 1,198 sq. ft.

This property is being sold under Power of Sale contained in a
Mortgage to FINANCE CORPORATION OF BAHAMAS

LIMITED.

All offers should be forwarded in writing in sealed envelope,
addressed to the Manager, Royal Bank Collections Centre, P.O.
Box N-7549, Nassau, Bahamas and marked “Tender 1746”. All
offers must be received by the close of business 4:00 p.m., Friday

18% March, 2011.

RBC
FINCO

NOTICE
RBC FINCO INVITES TENDERS

RBC FINCO invites tenders for the purchase of the following:

“All THAT” piece parcel or lot of land being Lot #803, Yellow
Elder Gardnes Height, situated in the Western District of New
Providence, one of the Islands of the Commonwealth of the
Bahamas. Situated thereon is a Single Family consisting of a 4

Bedrooms and 2 Bathrooms.

Property Size: 4,800 sq. ft.
Building Size: 1, 654 sq. ft.

This property is being sold under Power of Sale contained in a
Mortgage to FINANCE CORPORATION OF BAHAMAS

LIMITED.

All offers should be forwarded in writing in sealed envelope,
addressed to the Manager, Royal Bank Collections Centre, P.O.
Box N-7549, Nassau, Bahamas and marked “Tender 2343”. All
offers must be received by the close of business 4:00 p.m., Friday

18" March, 2011.

i day's European Central Bank
At GM, Don Johnson, GM's }
? bank is sharpening its warn-
? ing about inflation — a shift in
: message that could eventually

i pave the way for interest rates
guard. The automaker started { to 90 up sooner than expected.
the increases in January by rais- }
ing incentives $400 per vehicle } recession still shaky and the
ae parce ae Nee ? government debt crisis still not
Ow-lnterest tinancing and lease fF solved, however, the bank
deals in Northeastern states. It { :
: : ? may want to leave itself as
stuck with the deals in Febru- } ;
? much leeway as possible on

SG MMI Gila)
CUS aay

ERATE



Markets will watch Thurs-

meeting closely for signs the



With the recovery from

INTERNATIONAL
BUSINESS

Recent public statements from top bank officials have
economy, as growth picks up in Germany and prices for food,
raw materials and oil rise around the world. Sharply higher oil
prices due to turmoil in the Arab world have intensified those

The question now is whether bank President Jean-Claude

If he says the risk is now tilted in the direction of higher infla-

The bank has left its key refinancing rate at a record low of

1 percent since May 2009.

Speculation

There is growing market speculation that the bank may also

: say something Thursday about how it intends to get Europe's
? wobbly banks weaned off emergency credits, particularly its
? unlimited three-month handouts. The ECB has twice indicat-
? ed it wanted to end that measure, only to back off as Europe's
? government debt crisis flared.

The bank has also had to play a pivotal role in keeping

Europe's banking system afloat since the financial crisis explod-
? ed in the summer of 2007.

With debt crisis panic somewhat in abeyance, despite ongo-

i ing pressures in the bond markets, attention Thursday should
? focus on what Trichet says about inflation in his monthly news
? conference following the interest rate decision.

Bank officials may be hoping that a credible threat they

i might raise rates will in itself help slow inflationary expectations.
? Inflation is partly an expectations game as businesses raise
? prices and workers demand higher wages because they think
? prices will keep going up — dreaded "second-round effects"
? that can build into a wage-price spiral.

So a threat of higher rates, while it can't reduce the price of

? oil and food commodities over a few weeks or months, could be
? aimed at preventing spiralling expectations over the long term.

"Members of the ECB Council have clarified that the central

: bank cannot and does not intend to do anything about a tem-
? porary rise in inflation triggered by higher commodity prices,"
? said economist Michael Schubert at Commerzbank. "Howev-
? er, it will pull out all the stops to avoid second-round effects,
? such as overly high growth in wages."

Inflation has recently been running ahead of the bank's

i fiercely guarded goal of less than but close to 2 percent a year.
? It hit 2.4 percent in February for the countries that use the euro,
? up from 2.3 percent in January. Higher oil and food prices
? have been largely to blame for the recent uptick.

Inflation fears have intensified due to the turmoil in the

i Arab world, where mass protests have toppled longtime rulers
? in Egypt and Tunisia and led to an uprising against Moammar
? Ghadafi's rule in Libya. Though the recent interruption in
? production from Libya can be made up by spare capacity from
? other oil-producing countries, jitters that Saudi Arabia in par-
? ticular may face its own uprising sent European benchmark
: Brent crude close to $120 a barrel last week. On Tuesday, a bar-
? rel of Brent remained elevated near $114 a barrel.

Central banks typically raise interest rates as economies

i grow out of recession to prevent inflation. The timing can be
? tricky because increases that come too soon can stunt the
? recovery by raising borrowing costs for businesses and con-
? sumers. So Trichet may issue a stiffer warning to help deter sec-
? ond-round effects, while keeping the bank's options open on
? when exactly to start raising rates.

That would give him some room to change course and delay

i rate hikes, if higher oil prices threaten Europe's recovery.

"Central bankers know too well that the current inflation is

i deflationary rather than inflationary," says ING senior econo-
? mist Carsten Brzeski. "High energy and food prices have the
? potential to choke off private consumption, preventing the
? recovery from broadening in 2011."

RBC
B] FINCO

NOTICE
RBC FINCO INVITES TENDERS

RBC FINCO invites tenders for the purchase of the following:

“All THAT” piece parcel or lot of land being Lot #5, Blk#3, Coral
Height West, situated in the Western District of New Providence,
one of the Islands of the Commonwealth of the Bahamas. Situated
thereon is a Single Family Residence consisting of a 3 Bedroom
and 2 Bathrooms.

Property Size: 10,799 sq. ft.

Building Size: 1,685 sq. ft.

This property is being sold under Power of Sale contained in a
Mortgage to FINANCE CORPORATION OF BAHAMAS
LIMITED.

All offers should be forwarded in writing in sealed envelope,
addressed to the Manager, Royal Bank Collections Centre, P.O.
Box N-7549, Nassau, Bahamas and marked “Tender 2697”. All
offers must be received by the close of business 4:00 p.m., Friday
18" March, 2011.



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

WEDNESDAY, MARCH 2, 2011, PAGE 7B



GLOBAL ECONOMIC NEWS/AP

A look at economic developments and activity in
major stock markets around the world Tuesday:

CAIRO — An almost 7 percent plunge in Saudi Arabia's stock
market and Egypt's decision to further delay the restart of Cairo's
exchange — which has already been shuttered for over a month —
spotlight the impotence of Arab governments in managing the
political and economic fallout from the protests engulfing the
Mideast.

Across the region, governments have pledged billions of dollars
in new assistance for their neediest citizens in a frantic bid to pre-
empt the kind of demonstrations that led to the ouster of Tunisi-
a's president and then his Egyptian counterpart.

But the money has failed to appease a population in a region
where unemployment is rife, poverty even more pronounced and
the majority of the population is below the age of 30.

SHANGHAI — China's manufacturing boom slowed to a six-
month low in February as authorities tightened controls on cred-
it to cool inflation and factories eased output, especially of food and
textiles.

A weeklong holiday for the Lunar New Year was partly to
blame, said the state-affiliated China Federation of Logistics and
Purchasing, which releases the measure.

Despite declining for three months, the reading has remained
above 50, the benchmark for expansion, for two straight years.

LONDON — Renewed jitters in oil markets weighed on Euro-
pean stocks despite a forecast-busting U.S. manufacturing survey
and few indications from Federal Reserve Chairman Ben Bernanke
that he's willing to back higher interest rates anytime soon.

The FTSE 100 index of leading British shares closed down 1 per-
cent, Germany's DAX fell 0.7 percent and the CAC-40 in France
ended 1.1 percent lower.

TOKYO — Earlier in Asia, Wall Street's recovery Monday
boosted sentiment with most key benchmarks closed higher.
Japan's Nikkei 225 stock average closed up 1.2 percent, Hong
Kong's Hang Seng ended up 0.3 percent and China's benchmark
Shanghai Composite Index rose 0.5 percent.

LONDON — The recently agreed tax cuts in the US. will help
Europe's economic recovery pick up some steam this year despite
rising energy costs and debt troubles in a number of countries
that use the euro, the EU's executive said.

However, inflation is also on the rise amid sky-high oil prices due
to the turmoil sweeping across the Middle East and North Africa,
the European Commission warned.

In the latest projections, economic growth in 2011 is expected to
be somewhat stronger than anticipated last autumn as Europe's
larger exporting nations enjoy better demand from the USS.

FRANKFURT, Germany — Germany's central bank gave its
blessing for Chancellor Angela Merkel's former economic advis-
er, Jens Weidmann, to become its new president.

In his new job, Weidmann will have a seat on the European Cen-
tral Bank's governing council.

Weidmann is replacing Axel Weber, who is stepping down a year
before his eight-year term expires.

TOKYO — Japan's jobless rate held steady in January but con-
sumer spending fell from a year ago, underscoring the fragility of
its economic recovery as a political battle rages over the next
national budget.

TORONTO — Canada's central bank left its key interest rate
unchanged for the fourth consecutive time, and reiterated that
any hikes in the future would have to be carefully considered.

The Bank of Canada, which held its benchmark rate at 1 percent,
said the global recovery is proceeding in line with the bank's pro-
jections, but the risks remain elevated.

MADRID — Spain's finance minister says the country has sur-

TRIAC INVESTMENTS LTD.

VOLUNTARILY LIQUIDATED

Notice is hereby given that in accordance with
Section 137 (8) of the International Business
Companies Act 2000 the Dissolution of TRIAC
INVESTMENTS LTD. has been completed, a
Certificate of Dissolution has been issued and
the Company has therefore been struck off the
Register of Companies.

The Date of the Completion of dissolution was the
27" January 2011.



David Thain
Liquidator

MANCINI ENTERPRISES LTD

VOLUNTARILY LIQUIDATED

Notice is hereby given that in accordance with
Section 137 (8) of the International Business
Companies Act 2000 the Dissolution of
MANCINI ENTERPRISES LTD as_ been
completed, a Certificate of Dissolution has been
issued and the Company has therefore been struck
off the Register of Companies.

The Date of the Completion of dissolution was the
27" January 2011.



David Thain
Liquidator

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



es Pik rr i

(AP Photo/Khalil Hamra, File)
BASKET ECONOMY: In this Jan. 31, 2011 file photo, consumers shop at
the Hiber Market in the outskirts of Cairo, Egypt.

passed its deficit-reduction goal for 2010 even though some region-
al governments overspent.

BERLIN — Germany's unemployment rate dipped to 7.9 per-
cent in February as harsh winter weather eased and Europe's
biggest economy kept on creating jobs.

ISLAMABAD — Pakistan hiked oil prices by 9.9 percent, a
move that threatens the stability of the fragile, U.S.-allied civilian
government at a time of economic turmoil in the impoverished
country.

Spikes in international oil market prices — spurred by uprisings
in Libya and other parts of North Africa and the Middle East —
forced the raise in Pakistani prices, said a spokesman for the coun-
try's oil regulator.

LONDON — Fitch Ratings cut its rating on Libya for the sec-
ond time in just over a week, citing increasingly chaotic political and
economic conditions in the oil-rich North African country.

The agency reduced its rating on Libya to junk status.

BRUSSELS — The European Union's justice commissioner

HABAKKUK INVESTMENT LTD.
VOLUNTARILY LIQUIDATED
Notice is hereby given that in accordance with

Section 137 (8) of the International Business
Companies Act 2000 the Dissolution of

HABAKKUK INVESTMENT LTD. has been
completed, a Certificate of Dissolution has been
issued and the Company has therefore been struck

off the Register of Companies.

The Date of the Completion of dissolution was the
27" January 2010.



David Thain
Liquidator

WINCHESTER HOLDINGS LTD
VOLUNTARILY LIQUIDATED

Notice is hereby given that in accordance with
Section 137 (8) of the International Business
Companies Act 2000 the Dissolution of
WINCHESTER HOLDINGS LTD has been
completed, a Certificate of Dissolution has been
issued and the Company has therefore been struck
off the Register of Companies.

The Date of the Completion of dissolution was the
7" of July 2010



David Thain
Liquidator

CLEARWATER MANAGEMENT LIMITED
VOLUNTARILY LIQUIDATED

Notice is hereby given that in accordance with
Section 137 (8) of the International Business
Companies Act 2000 the Dissolution of
CLEARWATER MANAGEMENT LIMITED
been completed, a Certificate of Dissolution has
been issued and the Company has therefore been
struck off the Register of Companies.

The Date of the Completion of dissolution was the
23" of November 2009.



David Thain
Liquidator



asked publicly listed companies to appoint more women to cor-
porate boards and threatened them with imposed quotas if they
don't.

ABIDJAN, Ivory Coast — Ivory Coast's government banned
residents from filling jerrycans with gas as fears of a shortage
grow amid the deepening political crisis.

The West African nation is girding itself for shortages and an
economic slowdown after sanctions were slapped on the coun-
try's incumbent leader, Laurent Gbagbo, who is refusing to step
down. The European Union has banned ships from docking at
Abidjan's port and gas stations are seeing their fuel supplies dwin-
dle. Several gas stations have already closed.

BEIJING — A top engineer in China's powerful Railway Min-
istry has been fired amid a widening corruption probe that has
already brought down the minister, state media reported.

BAGHDAD — Iraq's oil exports climbed to their highest lev-
el in February since the 2003 U.S.-led invasion, boosted by a
resumption in exports from the semiautonomous Kurdish region
in the north, a senior oil official said.

The country, which overwhelmingly relies of oil revenues for its
budget, also benefited from the spike in higher crude prices trig-
gered by the violent uprising in Libya that has led to a 50 percent
cut in production from that OPEC member.

BEIJING — The US. government labeled China's top search
engine, Baidu, and a popular e-commerce platform "notorious
markets" linked to sales of pirated and fake goods.

The two companies were among 33 websites or public markets
in China, Russia, India and other countries that the U.S. Trade
Representative's office said facilitate trade in music, clothing and
other goods that are fake or unauthorized copies.

VIENNA — Austria's National Bank ordered the freezing of
assets belonging to Libyan leader Moammar Gadhafi and his
entourage in line with EU sanctions.

GUANGZHOU, China — Inflation is one of the biggest con-
cerns for foreign companies operating in booming southern China,
according to an annual survey released by a major U'S. business
group. Just over half of about 400 member companies polled by the
American Chamber of Commerce in southern China reported
that rising prices would have a negative impact on business this
year.

SENTA HOLDINGS LIMITED
VOLUNTARILY LIQUIDATED

Notice is hereby given that in accordance with
Section 137 (8) of the International Business
Companies Act 2000 the Dissolution of SENTA
HOLDINGS LIMITED has been completed,
a Certificate of Dissolution has been issued and
the Company has therefore been struck off the
Register of Companies.

The Date of the Completion of dissolution was the
23" of October 2009.



David Thain
Liquidator



REFORMATION LTD.
VOLUNTARILY LIQUIDATED

Notice is hereby given that in accordance with
Section 137 (8) of the International Business
Companies Act 2000 the Dissolution of
REFORMATION LTD. has been completed,
a Certificate of Dissolution has been issued and
the Company has therefore been struck off the
Register of Companies.

The Date of the Completion of dissolution was the
8" of April 2010.



David Thain
Liquidator

LIMPIT HOLDING LTD.

VOLUNTARILY LIQUIDATED

Notice is hereby given that in accordance with
Section 137 (8) of the International Business
Companies Act 2000 the Dissolution of LIMPIT
HOLDING LTD. has been completed, a
Certificate of Dissolution has been issued and
the Company has therefore been struck off the
Register of Companies.

The Date of the Completion of dissolution was the
27" January 2011.



David Thain
Liquidator




PAGE 8B, WEDNESDAY, MARCH 2, 2011

THE TRIBUNE





Bernanke seeks to ease — PARTISAN POLITICS
lawmakers' inflation fears

JEANNINE AVERSA,
AP Economics Writer
WASHINGTON

Federal Reserve Chairman
Ben Bernanke boldly predicted
to Congress on Tuesday that
rising oil prices will cause only a
brief and modest rise in con-
sumer inflation.

If he's wrong, as some law-
makers suggested to him, the
risks are high: a weaker econo-
my and elevated consumer
inflation.

Bernanke's credibility is at
stake, too. His duties as Fed
chief require a balancing act:
Leading the economy to
stronger growth while making
sure inflation doesn't rise too
high.

Appearing before the Sen-
ate Banking Committee,
Bernanke faced sharp questions
about whether rising gasoline
prices could spread dangerous
inflation through the economy.
He said he did not think so.

"The most likely outcome is
that the recent rise in com-
modity prices will lead to, at
most, a temporary and rela-
tively modest increase in USS.
consumer price inflation,"
Bernanke said.

Still, persistently higher
prices could shake consumer
confidence, prompting con-
sumers to reduce spending.
And that would weaken the
economy, he acknowledged.



(AP Photo/Alex Brandon)

BOLD PREDICTION: Federal Reserve Chairman Ben Bernanke gives the
Semiannual Monetary Policy Report to Congress while testifying on
Capitol Hill in Washington, Tuesday, March 1, 2011, before the Sen-

ate Banking Committee.

weekend to a new nationwide
average of $3.37 a gallon. That's
26.7 cents a gallon more than a
month ago. Food prices in Jan-
uary rose at the fastest since
the fall of 2008.

Gas prices jumped over the

PUBLIC NOTICE

INTENT TO CHANGE NAME BY DEED POLL

The Public is hereby advised that |, STANLIA
DUROGENE of Garden Hills #2, Nassau, Bahamas,
intend to change my name to STANLIA COAKLEY.
If there are any objections to this change of name
by Deed Poll, you may write such objections to
the Chief Passport Officer, RO.Box N-742, Nassau,
Bahamas no later than thirty (80) days after the date
of publication of this notice.


























NOTICE

MARAIS LIMITED

NOTICEIS HEREBY GIVEN as follows:
(a) MARAIS LIMITED is in voluntary dissolution under
the provisions of Section 137 (4) of the International
Business Companies Act 2000.

(b) The dissolution of the said company commenced
on the 24th January, 2011 when the Articles

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

The Liquidator of the said company is Blue Seas
Administration Ltd., The Bahamas Financial
Centre, Shirley & Charlotte Streets, Nassau,
Bahamas

Dated this 2nd day of March, A. D. 2011



Blue Seas Administration Ltd.
Liquidator

ROYAL FIDELITY

Moray al Work



Sen. Patrick Toomey, R-
Penn., called the rise in com-
modity prices “stunning.”
Toomey said he worries about
the effects of those higher
prices, combined with the Fed's
efforts to boost the economy
through a Treasury bond-pur-
chase program. Toomey said
they might be "planting the
seeds of serious inflation down
the road."

Bernanke defended the Fed's
$600 billion Treasury bond-buy-
ing program. He said it is still
needed to energize the econo-
my and reduce unemployment,
now at 9 percent. The bond-
buying program is intended to
lower rates on loans and lift
stock prices, spurring more
spending and invigorating the

economy. The purchases are
scheduled to end in June.

Republicans in Congress and
some Fed officials say they fear i

the bond purchases could trig-

ger high inflation and a wave }
of speculative buying on Wall :
Street that could lead to new
bubbles in the prices of assets i

like stocks and bonds.

"Once price stability has }
been lost, it is difficult and very }

costly to regain," warned Sen.

Richard Shelby of Alabama, :

the panel's top-ranking Repub-
lican. Shelby pointed to the tox-

ic situation in the late 1970s and }
1980s when inflation hit dou- :
ble digits. To combat out-of-
control prices, Fed Chairman }
Paul Volcker ratcheted up :
interest rates. Unemployment ;
soared. And the economy fell :

into a deep recession.
Bernanke said the rise in oil
and global commodities prices

was due to stronger demand }
from fast-growing countries like }
China, not to the Fed's stimu-
lative policies. But he ran into
concerns from Democrats as }
well as Republicans on the }

committee.
"T see food prices rising,"

said Sen. Robert Menendez, D- :

N.J. "I see gas prices rising even
before what was happening in

North Africa, although that cer- i
tainly is an exacerbating reality. i
Tuition rates rising... [justseea }
combination of rising prices for

the average family.”

One reason the Fed launched :
the bond-buying program in }

November was to prevent

deflation — a prolonged drop }

in prices of goods, wages and

THREATEN PENDING
~ US TRADE DEALS

i JULIE PACE,
Associated Press
i WASHINGTON

The Obama administra-
? tion cast international trade
i aS an essential element of
? economic growth and job
i creation Tuesday, as it tries
: to break through partisan
wrangling that threatens to
: derail a pivotal trade agree-
i ment with South Korea.

In an annual policy report
i released by the Office of



INTERNATIONAL
BUSINESS

i Trade Representative Ron
i Kirk, the administration said
: that trading with overseas
i partners would directly sup-
? port 6,000 jobs in the U.S. for every $1 billion in goods
i exported and another 4,500 jobs for every $1 billion in ser-
? vice exports.

With President Barack Obama's reelection prospects
: likely to hinge in part on his ability to bring down the
i nation's unemployment rate, officials say expanding trade
? agreements will be a top administration priority in 2011.
The White House had hoped to gain bipartisan support for

i that effort.

Republican lawmakers have traditionally backed free

trade agreements, and Obama won rare Republican praise
i after signing the highly-sought agreement in South Korea in
: December.

The White House said that agreement would create tens
i of thousands of jobs.

But the White House and congressional Republicans are
? at odds now over how to proceed with the South Korea deal,
: as well as pending agreements with Colombia and Panama.
The U.S. signed the agreement with Colombia in 2006 and
i the accords with Panama and South Korea in 2007. But
they do not go into effect until they are approved by the
: House and the Senate.

values of homes and stocks. But i

Bernanke told lawmakers that }
the risk of deflation has become i

"negligible."

Political upheaval in the Mid-

dle East has caused oil and
gasoline prices to march higher,

Bernanke said. Still, the Fed
chief said he and a majority of }
his colleagues say they believe }
the situation won't cause out-

of-control inflation.

NOTICE

NOTICE is hereby given that HOLLY ALEXANDRA
WALLACE of WEST BAY STREET, P.O. BOX CB-
11170, BAHAMAS is applying to the Minister responsible for

Nationality and Citizenship, for registration/naturalization as a citizen
of The Bahamas, and that any person who knows any reason why
registration/naturalization should not be granted, should send a
written and signed statement of the facts within twenty-eight days
from the 2" DAY of MARCH, 2011 to the Minister responsible
for nationality and Citizenship, P.O. Box N-7147, Nassau,



NOTICE

NOTICE is hereby given that FANEL ETIENNE of FIRE
TRAIL ROAD 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 2"? day of March, 2011 to the Minister responsible for
nationality and Citizenship, P.O. Box N-7147, Nassau, Bahamas.

TUESDAY, 1 MARCH 2011

BISX ALL SHARE INDEX: CLOSE 1,461.87 | CHG -3.19 | %CHG -0.22 | YTD -37.64 | YTD % -2.51
FINDEX: CLOSE 000.00 | YTD 00.00% | 2009 -12.31%
WwWwwWw.BISXBAHAMAS.COM | TELEPHONE:242-323-2330 | FACSIMILE: 242-323-2320

S2wk-Low
0.95
8.05
4.40
OAF
2.70
1.96

Securit _y
AML Foods Limited
Bahamas Property Fund
Bank of Bahamas
Benchmark

Bahamas Waste

Fidelity Bank

Cable Bahamas

Colina Holdings
Commonwealth Bank (S1)
Consolidated Water BDRs
Doctor's Hospital
Famguard

Finco

FirstCaribbean Bank
Focol (S)

Focol Class B Preference
ICD Utilities

J. S. Johnson 9.82
Premier Real Estate 10.00

10.63
4.40
0.18
2.70
2AF

10.21
2.40
6.80
2.18
1.40
6.25
6.25
8.39
5.48

9.44
2.35
5.80
1.80
1.40
5.25
6.25
B.7F
4.57
1.00
5.50
9.80
10.00

1.00
7.40

Previous Close Today's Close

Change Daily Vol.

10.63
4.40

0.00.
0.00.
0.00.
0.00.
=O.21
0.00.
0.00
0,00.
-0.07
0.00,
0.00.
0.00
0.00
0,00.
0,00.
0,00.
0,00
0.00.

0.18
2.70
1.96
10.24
2.40
6.80
2.11
1.40
5.25
6.25
3.39
5.48
1.00
7.40
9,82
10.00

EPS $

= FG
S

CAPITAL MARKETS
BROKERAGE & ADVISORY SERVICES

cre ca we AT.

Div $
0.123
0.013
0.153
O.877
0.168
0.016
1.050
0.781
0.488
0.114
0.107
0.357
0.682
0.494
0.452
0,000.
0.012
0.859.
1.207

B.2
19.0
12.1
N/M
616.7
11.4
8.3:

Approval

The administration wants Congress to give final approval
: to the South Korea pact quickly, while it simultaneously
? works through outstanding issues with Panama and Colom-
i bia. But some Republicans argue the smaller trade deals with
? Colombia and Panama are ready for congressional approval
? now, and want the White House to send all three to Capitol
: Hill at the same time.

i The leader of the House, Speaker John Boehner, made
i that case directly to the president during a White House
i lunch last month.

: Thus far, the administration is showing little willingness to
i compromise on its position. In the report released Tuesday,
: the administration reiterated its desire for lawmakers to
i approve the South Korea deal "as soon as possible" while
? working to resolve outstanding issues with Colombia and
i Panama by the end of the year.

: The report cited continuing concerns over Colombia's
i recognition of labor rights and protection of union leaders,
: and Panama's tax transparency rules.

i Officials say progress is being made on both agreements.
? Panamanian officials have met with U.S. counterparts in
; Washington in recent weeks, including a White House meet-
: ing with Panama's vice president. U.S. officials have also held
i meetings on labor issues with Colombian officials.

: During a trip to Bogota last month, Senate Finance Com-
i; mittee Chairman Max Baucus, a Democrat, said that while
: Colombia has made progress in protecting union leaders
i from violence, more work remains.

i "Labor rights must be strengthened, violence must be
i reduced and the perpetrators of violence must be identified
? and punished," Baucus said.

i Kirk is scheduled to testify on all three agreements before
; the committee next week.

NOTICE

NOTICE is hereby given that RICARDO JEAN BAPTISTE
of Minnie Street, P.O.Box N2237, NASSAU, BAHAMAS,
is applying to the Minister responsible for Nationality and
Citizenship, for registrationaturalization 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 22"4 day of February, 2011 to the Minister responsible for
nationality and Citizenship, PO. Box N-7147, Nassau, Bahamas.

NOTICE is hereby given that NISSAGE DENAVE of
SPANISH WELLS, ELEUTHERA, BAHAMAS is applying

to the Minister responsible for Nationality and Citizenship, for
registration/naturalization as a citizen of The Bahamas, and that any
person who knows any reason why registration/naturalization should
not be granted, should send a written and signed statement of the
facts within twenty-eight days from the 2" DAY of MARCH,
2011 io the Minister responsible for nationality and Citizenship,
P.O. Box N-7147, Nassau, Bahamas.

PUBLIC NOTICE

INTENT TO CHANGE NAME BY DEED POLL

The Public is hereby advised that |, GLENN NATHAN
ARTHUR of Nassau, Bahamas, intend to change my
name to GLENN NATHAN ROBINSON. If there are any
objections to this change of name by Deed Poll, you
may write such objections to the Chief Passport Officer,
P.O.Box N-742, Nassau, Bahamas no later than thirty (30)
days after the date of publication of this notice.

BISX LISTED DEBT SECURITIES - (Bonds trade on a Percentage Pricing basis)
Security Symbol Change Daily Vol.
Bahamas Note 6.95 (2029) BAH29
Fidelity Bank Note 17 (Series A) +
Fidelity Bank Note 22 (Series B) + 100.00
Fidelity Bank Note 13 (Series C) + 100.00
Fidelity Bank Note 15 (Series D) + FBB15 100.00 \
RoyalFidelity Merchant Bank & Trust Ltd. (Over-The-Counter Securities)

Symbol Bid & Ask & Last Paice Daily \ei.
Bahamas Supermarkets N/A N/A
RND Holdings

52wk-Hi__5S2wk-Low,
99.46
100.00
100.00
100.00
100.00

Interest
6.95%
7%
Prime + 1.75%
7%
Prime + 1.75%

Last Sale Maturity
20 November 2029
19 October 2017
19 October 2022
30 May 2013
29 May 2015

99.46
FBB17 100.00
FBB22

FBB13.

S2wkvow EPS $ P/E
-2.945

0.001

Div &
0.000
0.35 0.40 0.55, 0.000
CFAL Securities Ltd. (Over-The-Counter Securities)
30.13 31.59 29.00
0.45 0.55 0.55
BISX Listed Mutual Funds
NAV YTD% Last 12 Months %
1.5179 5.51% 6.90%
2.9527
1.5837
2.7049
13.4164
114.3684
106.5528
1.1465
1.1185
1.1491

ABDAB
RND Holdings

4.540
0.002

0.000
0.000

NAV 3MTH
1.498004
2.918697
1.564030

NAV GMTH
1.475244
2.910084
1.545071

Fund Name
CPFAL Bond Fund
CPFAL MSI Preferred Fund
CPFAL Money Market Fund
Royal Fidelity Bahamas G & | Fund

1.4076
2.8300
1.5141
2.8522
13.0484
101.6693
99.4177
1.0000,
1.0000
1.0000
9.1005

0.18%
0.61%
-0.56%
0.44%
9.98%
4.75%
5.20%
4.73%
5.35%

1.61%
4.59%
-15.54%
-0.10%
12.49%
7.18%

31-Jan-11
11-Feb-11
31-Jan-11
31-Jan-11
30-Jun-10
30-Sep-10
31-Dec-10
31-Dec-10
31-Dec-10

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

109.392860
100.779540

107.570619
105.776543
5.20%

4.73%

5.35%

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

9.7950 4.85% 5.45% 30-Nov-10
10.0000
10.6417 -1.20% 0.50% 30-Nov-10
9.1708
10.1266 1.27%
8.4510 0.72%
MARKET TERMS
YIELD - last 12 month dividends divided by closing price
Bid $ - 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 eamings per share for the last 12 mths
NAV - Net Asset Value
N/M - Not Meaningful

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

1.27%
9.95%

31-Jan-11
4.8105 31-Jan-11
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

KS1) - 3-for-1 Stock Split - Effective Date 7/11/2007



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

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

March

ARCH is the last
| \ / month of winter and
signals the end of

cool weather vegetables like
spinach, garden peas and let-
tuce. The warmer weather,
however, gives ideal condi-
tions for sowing watermelons
that will ripen during the
hottest months.

Large tomatoes can still be sown
but a better choice would be Ital-
ian- type plum tomatoes lke
Roma or San Marzano. These
endure heat better than most
tomatoes and can take us into sum-
mer. The local farmers are all
growing Big Mama, an enormous
hybrid plum tomato that also has
excellent flavour.

As a general rule the smaller the
leaf, the better a tomato plant
copes with heat.

Like all general rules, it is not
infallible but you will notice that
the tomatoes that thrive in heat
the best are varieties of cherry
tomato that usually have very
small leaves.

Sweet peppers sown in late sum-
mer should survive well into sum-
mer but tend to produce smaller
fruits.

Cubanelle and other long pep-
pers thrive in warm conditions and
can be planted to augment your
present supply of sweet peppers.
Long, large hot peppers like Ana-
heim are fairly mild and are good
for making chili rellenos.

Eggplants are warm weather
lovers and seeds sown now will
give early summer satisfaction.

Heading cabbages and broccoli
can take fairly warm conditions
but cauliflower and most other
members of the cabbage clan tend
to suffer. Fennel is easy to grow
and is worth considering as a
Spring sowing.

Most of the flowering annuals
we grow during the winter months
cannot endure too much heat so
we must turn to heat and drought
tolerant plants like vincas, cosmos,
marigolds, zinnias and Mexican
sunflowers.

If you have not pruned your
flowering shrubs during winter,
now is a good time to get the job
done.

Spring will bring a burst of new
growth and make your shrubs
bushier and greener. The rising
sap makes March and April very
good months for taking cuttings
to propagate flowering shrubs.

Larger shrubs and small trees
are best propagated by air layering.

Bauhinias — or poor man’s
orchid tree — are losing their flow-
ers and producing seedpods.
When the pods are dry and mature
they crack open violently and
throw seeds a considerable dis-
tance.

March sees the magnificent
blooming of the coral tree or tiger
claw tree (Erythrina indica) that
bears its flowers on branches that
are naked of foliage. The brick red
claw-shaped flowers last only a few
weeks before forming seedpods so
we must enjoy the sight while we
can.

Pink cassia (Cassia javanica) is
another brief bloomer that appears
in March. The flowers form along
the whole length of branches and
produce a wonderful display for
just a few weeks. Pink cassia trees
are much larger than the more
common yellow cassia trees.

The spring application of iron
and fertiliser to our fruit and citrus
trees can be done at the end of
March.

The base of the tree should be
drenched with a weak solution of
Sequestrene 138 chelated iron
(exact details are on the package)
and fruit tree fertiliser should be
spread around the drip line and
the base. This is best done after
rain. If there is no rain, you should
water the area well before applying
the fertiliser. To complete the job,
the trees should be treated with a
spray of minor elements.

¢ For questions and comments e-mail
gardenerjack@coralwave.com

WEDNESDAY, MARCH 2, 2011, PAGE 9B
SSP

CALIENTE: Mexican sunflower can take our summer heat and is best planted in March to produce bright summer blooms.

ust a few images of what we the
Bahamas looked like 40...50...60...
years in the past

BY ROLAND ROSE

ONE of the Bahamas’ best known artists, Brent Malone (1941-2004).
In tribute to his groundbreaking Bahamian art, a universal symbol of
humanity was dedicated to him at the Blake Road Community Church.
The six-ringed stainless steel structure was built by Tyrone Ferguson.

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


PAGE 10B, WEDNESDAY, MARCH 2, 2011

THE TRIBUNE





The Tribune



SS



—

a

a |

—ainment
—

SBabBeeeltal wert @







HOTTEST STARS BREAKING
INTO MUSIC AND MOVIES

MUSIC:

* JESSIE J

It ain’t about the “cha-ching or the
ba-bling” for Jessie J, at least that’s
what this latest UK import claims in
her hit single “Price Tag” featuring
B.o.B.

Jessie J, 22, is no newcomer to the
music scene, having written tracks for
people like Alicia Keys, Justin Tim-
berlake and Miley Cyrus, but this is
her first real crack at a career as a
recording artist.

The success of “Price Tag” and her
UK debut single “Do It Like a Dude”
have led her record company to bring
forward the release date of her album
“Who Are You” by a whole month,
something almost unheard of in the
music industry today. The debut album
is expected to drop in April in the US.

* TYLER THE CREATOR

We’re barely three months into the
new year, but Kanye West has
already found his video of 2011:
“Yonkers” by Tyler The Creator.

Tweeting about it last week, Kanye
encouraged all his followers to check
out the video on Youtube.

When “Yonkers” reached more
than a million views on Youtube,
Tyler — the 19-year-old leader of the
hip hop crew OFWGKTA - was so
overwhelmed he said tears of joy
were running down his face. The sin-
gle will be released from his upcom-
ing sophomore album “Goblin” in
April.

Already music fans are describing
him as the most exciting artist of 2011.

MOVIES:

* ALEX PETTYFER

Move over Robert Pattinson,
there’s a new heartthrob in town and
he doesn’t have to sparkle to be sexy.
An English model and actor, the 20-
year-old is already on a mission to
capture the hearts of girls everywhere
with his portrayals in the teenage sci-
fi flick “Iam Number Four” and in
the upcoming “Beastly”, a mod-
ernised retelling of Beauty and the
Beast starring Vanessa Hudgens of
High School Musical fame.

Ex-boyfriend of “Glee” star Dian-
na Agron, Alex is rumoured to be in
talks for lead roles in upcoming film
adaptations of not one, but two pop-
ular young adult book series: The
Wardstone Chronicles and The Mor-
tal Instruments.

* EMMA STONE

She charmed audiences with her
goofy and hilarious performances in
“The House Bunny” and “Easy A”,
and she kicked butt in “Zombieland”
opposite Oscar-nominated Jesse
Eisenberg.

Now, this 22-year-old flame-haired
actress is on the cusp of becoming a
household name as she takes over
the role of Peter Parker’s first love
Gwen Stacy in the upcoming Spider-



Man reboot starring Andrew Garfield GRITICS' Choice award winner Jessie J reacts as she speaks on stage at the Brit Awards

of “The Social Network”.

2011 at The O02 Arena in London, Tuesday, Feb. 15, 2011. (AP)



Associated Press





JANE Russell, the stunning star of 1940's and 1950's films such as
"Gentlemen Prefer Blondes" died on Monday, February 28 at the

SHE was the voluptuous pin-up girl who
set a million male hearts to pounding during
World War II, the favorite movie star of a
generation of young men long before she'd
made a movie more than a handful of them
had ever seen.

Such was the stunning beauty of Jane Rus-
sell, and the marketing skills of the man who
discovered her, the eccentric billionaire
Howard Hughes.

Russell, surrounded by family members,
died Monday at her home in the central coast
city of Santa Maria. Her death from respira-
tory failure came 70 years after Hughes had
put her on the path to stardom with his con-
troversial Western "The Outlaw." She was
89.

Although she had all but abandoned Hol-
lywood after the 1960s for a quieter life, her
daughter-in-law Etta Waterfield said Rus-

age 89. (AP)

Jane Russell,
star of ‘40s and
‘50s films, dies

By JOHN ROGERS

sell remained active until just a few weeks ago
when her health began to fail. Until then,
she was active with her church, charities that
were close to her heart and as a member of a
singing group that made occasional appear-
ances around Santa Maria.

Although her sultry, sensual look and her
hourglass figure made her the subject of
numerous nightclub jokes, unlike Marilyn
Monroe, Rita Hayworth and other pinup
queens of the era, Russell was untouched by
scandal in her personal life.

Russell's only other notable film was "Gen-
tlemen Prefer Blondes," a 1953 musical based
on the novel by Anita Loos that cast her
opposite Monroe.

Survivors include her children, Thomas K.
Waterfield, Tracy Foundas and Robert
"Buck" Waterfield, six grandchildren and 10
great-grandchildren.

A public funeral is scheduled March 12 at
11am at Pacific Christian Church in Santa
Maria.

things

ie,

MARCH 3 - MARCH 5
3RD NATIONAL
AGRIBUSINESS

EXPO

¢ The Ministry of Agricul-
ture and Marine Resources
presents the 3rd National
Agribusiness Expo that fea-
tures an array of Bahamian
food products and craft
including a wide variety of
vegetables, meats, marine
products, pastries, preserves,
ornamentals and handi-
crafts. The Expo also
promises cooking demon-
strations and culinary com-
petitions.

SOHO REE eHEEEEHEE ESO LELON EELS

FRIDAY, MARCH 4
SILENT AUCTION &
BINGO NIGHT

¢ The January “Gems”
Birthday Club of Christ the
King Parish hosts an exciting
evening with a Silent Auc-
tion and Bingo, 6.30pm in
the Christ the King Parish
Hall. Prizes include gift cer-
tificates, phone cards, dinner
for two, kitchenware, origi-
nal artwork, and a grand
prize of a laptop.

Entry fee: $5, includes five
game tickets. Refreshments
also on sale. Proceeds in aid
of Parish Hall Renovations.
telephone: 525-0653 or 328-
8639 E-mail: orichgirl@hot-
mail.com

SATURDAY, MARCH 5
STOGIES AND
STILETTOS 1
MARLEY RESORT

¢ The creators of The
Sexy Party bring you anoth-
er one of a kind sexy and
stylish event! General
Admission: $20, Stogie &
Stiletto Lounge (ViP): $40.
Tickets are limited. Bacardi
Drink Specials all night.
Special performance by two-
time Green Synergy champ
DJ FINES.
SATURDAY, MARCH 5 -
69TH ANNUAL

RED CROSS FAIR

¢ The Bahamas Red Cross
hosts its 69th annual fair
under “Ready to Respond”,
12pm-until on the Lower
Grounds of Government
House. Enjoy a day of fun-
filled family entertainment.

SATURDAY, MARCH 12 -
“TRUE FRIENDS”
DANCE PART 2

¢ Party Central presents
“True Friends” Dance Part
2, the black and yellow edi-
tion, 7pm at St John's audi-
torium. Music provided by
Selecta Flam Boi and DJ
Blaze, DJ Crank, OneTime,
DJ Spuddy and Gold. Cost:
$10/in advance; $15/at the
door.





Boxing legend Sugar Ray Leonard and Wendy Williams to hoof it on ‘Dancing’ series

By LYNN ELBER
AP Television Writer

A BOXING great, a model
who survived an Indian Ocean
tsunami and a grown-up "Karate
Kid" will be hoofing it on the 12th
season of "Dancing with the
Stars.”

Welterweight champ Sugar Ray
Leonard, model Petra Nemcova
and Ralph Macchio of the hit
1984 karate movie will be among
11 celebrity contestants when the
ABC show returns March 21.

The cast was announced Mon-
day by "Dancing" hosts Tom
Bergeron and Brooke Burke in
segments that aired during an
episode of ABC's "The Bache-
lor."

"Forget the rumours. The
moment of truth has arrived!"
Bergeron exclaimed.

Also hitting the dance floor will
be actress Kirstie Alley; Pitts-
burgh Steelers wide receiver
Hines Ward; professional wrestler
Chris Jericho; "Loveline" radio
show co-host Mike Catherwood;

one-time rap prodigy Romeo (for-
mer Lil' Romeo); Chelsea Kane
of Disney Channel's "Jonas"; talk
show host Wendy Williams and
reality star Kendra Wilkinson.

Alley suggested the contestants’
focus would be to "try not to fall
on our butts the first week out.
That's what I'm going for."

Leonard had a holistic descrip-
tion of his competitive approach.

"T think it's all psychological. I
think it's spiritual," he said. "I
think it's all the mental prepara-
tion."

Quipped Bergeron: "Have you
ever watched the show?"

The star-professional dancer
pairings will be announced
Wednesday.

Last season's champ was “Dirty
Dancing" actress Jennifer Grey,
who was paired with dancer
Derek Hough.

The show also featured former
Alaska Govenor Sarah Palin's
daughter, Bristol, as a contestant
and became something of a polit-
ical lightning rod because of the
family connection.

TV Talk Show host Wendy Williams. (AP)

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





FORMER professional boxer Sugar Ray Leonard. (AP)
THE TRIBUNE

WEDNESDAY, MARCH 2, 2011, PAGE 11B



By LESH

GAGA has once again hit us with
yet another deep, dark artistic video
creation of her very own. "Born This
Way’ is the title of the new video and
single from Lady Gaga's second studio
album that is set to be released some-
time this May.

The video was directed by Nick
Knight and choreographed by well-
known dancer and TV personality
Laurie Ann Gibson.

The Grammy winner gave us her
usual array of wigs, skeleton painted
faces, machine guns, and Gaga cre-
ativity in the new video.

According to On Top Magazine,
rocker Adam Lambert was on pins
and needles Monday waiting for the
release of the video for what is already
being considered a gay anthem.

"I'm so anxious to see Gaga's Born
This Way video!!” he tweeted to his
nearly 900,000 followers just minutes



SET TO RELEASE VIDEO FOR \












x Rtas









By FARAH

HAT better way for Mr Yag-
Ws: Yo to get his feet into the

door of the music industry
than by becoming a radio personali-
ty. The Island 102.9 fm announcer,
had a musical inclination from
since he was young, and staying in
close affiliation with any thing
music guaranteed his development
as an artist.

With three singles in rotation and a video
on the way for his song titled “Lovely Day”
Mr Yagga Yo is set to make an introduction
to the music industry like none other. Cur-
rently the video for “Lovely Day” is in the
production phases and set to be released
this month.

Mr Yagga Yo collaborated with Ryan
Lightbourn, a Bahamian cinamatographer







who the artist said did a tremendous job at
bringing life to the song with the accompa-
nying visual.

“This video is still in the making. It is epic
and is being produced at the highest quality.
Ryan Ligthbourn shot a top class music
video for me.” And from the looks of the
trailer on Youtube he has hit the right note.

The artist said shooting the video with,
Ryan Ligthbourn was a great experience
for him.

“Thad a lot of fun doing the video. But I
didn’t realise how much work it was. The
video was shot in Harbour Island and it is of
a really good quality,” he explained.

Lovely Day is performed on a reggae beat
and the delivery of his heartfelt lyrics can be
appreciated. It was recorded on the Holiday
Inn Riddim at O2 Music Studios in Nassau,
Bahamas, and its creation was supported
by Ray Ewing, CEO of Buff Boo Records
who also serves as manager for Mr Yagga
Yo.



“It is a song of good social commentary. It
speaks out against violence. With the
increase of violence on our streets and the
rise of the incidence of domestic violence, it
promotes the reduction of violence and the
unification of all people. I have been writing
for a while and when I wrote “Lovely Day,’
I knew that as an artist I had a responsibil-
ity to deliver quality lyrics. It's a song that
speaks volumes for anyone living in our
social climate,” Mr Yagga Yo told In Ya
Ear.

The song has also garnered international
attention from music producers oversees.

Apart from working on his video, Mr
Yagga Yo is also developing his brand as at
upcoming artist. He is also set to perform in
Eleuthera later in the year.

Expect to see much more from Mr Yagga
Yo.

Mr Yagga Yo’s music is available on sites
such as www.rhapsody.com, www.nap-
ster.com and www.shockhound.com.

iat? Fe hind

a:

In Ya Ear recaps American Idol

By LESH

A LITTLE spice was added to the show
last week when Jennifer Lopez got extreme-
ly emotional after she had to send Chris
Medina home. She started to question every-
thing saying "I can't do this anymore." After
a short ten minute break, the show contin-
ued and the cameras caught Randy and
Steven consoling her.

The night went on as the judges sent the
lucky 24 through one by one. Most of the
picks were predictable, such as Lauren

Alaina, Naima Adedap and Scotty
McCreery, just to name a few. I was shocked
to see fan favourite, Chris Medina get sent
home. His story was beautiful (his finance
suffered a traumatic brain injury just before
their wedding and he has been caring for
her ever since) but he lost the judges’ vote
when he got too comfortable in Hollywood.

Now on air for three nights, this week’s
American Idol is expected to be a very long
one. According to the Fox network, the Top
12 guys will be performing on Tuesday. The
top 12 girls will perform on Wednesday

night, followed by a two hour results show
on Thursday night.

HERE'S YOUR TOP 24

The American Idol 2011 Top 12 Girls:
. Naima Adedap

. Julie Zorilla

. Karen Rodriguez

. Lauren Turner

. Kendra Chantelle

. Ashton Jones

. Rachel Zevita

. Haley Reinhart

ONOnRWONM—

before the video's release.” the web-
site stated.

After the video release, the former
American Idol runner-up took to
Twitter again, saying: “Wow new
Gaga video is wild and weird! I love
the super 60s psychedelic intro. Like
Barbarella meets Alien.”

Speaking to a few Bahamian Gaga
| fans, Richard Rahming* told In Ya
Ear." Every time she does something
strange, she has to do something
stranger. She doesn't do no wrong.
_ The fact that Gaga develops her own
| creation myth just proved once again

she is not a fly by night pop star, she is

a true artist. She is what Madonna

would be if Madonna was talented

and interesting. Strange, sexy, irrev-

erent, original and hot. As a fan I

always worry if she will be able to top

herself or at least meet the high stan-
dards she has already set. She has not
disappointed me, love the video and
still love her.”
| J A Stubbs* added: "The video was
really good, at first I thought it would
be some kind of cliché story. But as
| you get into it you see she's talking
_ about interesting things while acting a
fool and that is what made it so good.”
_ With a different view, Crystal
Watkins* said she thinks Gaga is a
Madonna copycat: "She's out there,
I'd admit that. But with the ‘Born This
Way’ song she has the exact same song
| "Express Yourself", by Madonna. She
is fresh but she is not in the same class
-as Madonna. You would not be able
to recognise Gaga if she was not so
_ bizarre."



















«Names have been changed



9. Thia Magia

10. Lauren Alaina Suddeth
11. Pia Toscano

12. Ta-Tynisa Wilson

The American Idol 2011 Top 12 Guys:
. Brett Lowenstern
. Jovany Barreto

. Jacob Lusk

. Paul McDonald

. Clint Jun Gamboa
. Robbie Rosen

. Stefano Langone
. Jordan Dorsey

. Tim Halprin

10. James Durbin
11. Casey Abrams
12. Scotty McCreery

OONODOAARWN—
Green
Scene:
Flowers
of March

see page nine







WEDNESDAY, MARCH 2, 2011

CATCHING
eee
Jonathan
Newell taking
a break from
finger painting

By JEFFARAH GIBSON
Tribune Features Writer

OME people judge their
S capabilities by their disabil-

ities. But the artists fea-
tured today have not allowed
themselves to be limited artisti-
cally because they have Down

Syndrome.

Take Mizpah Bethel for instance, a par-
ent with down syndrome whose son also
has the condition who is known by her
community to hold her own when it comes
to singing beautiful melodies with her
band. She has also found her niche in cre-
ating abstract paintings. It has been thera-
py for her after finding out her son Ty
Bethel had leukemia.

Her artwork which was originally part of
her art therapy, have accumulated over
the years and now she has decided to debut
her work in the first ever art exhibition
hosted by the Bahamas Down Syndrome
Association in collaboration with estab-
lished Bahamian artist Anthony “Big Mo”
Morley.

Funds raised from Mizpah’s artwork will
go towards her son’s medical fund.

While the main feature of the show will
be works by “Big Mo”, art pieces done by
persons with Down Syndrome will also be
on display. Ricardo Williams and Jonathan
Newell will also debut their artwork.

happy to paint.







Mr Yaya
Yo set to 5
release.

hew video
see page 11

The Tribune SECTION B e

FOCUSED: Triton deep in thought.

President of the Bahamas Down Syn-
drome Association, Cheryl Newell told
Tribune Arts, that the exhibition is meant
to show off the talent of people with Down
Syndrome as well as bring awareness of
their small community.

“People underestimate them. They say
that they are retarded. But they don’t
realise that they are capable of doing any-
thing. They can do all kinds of art and we
want to bring awareness that our kids are
high functioning and they can contribute to
the community in many different ways,”
Ms Newell said.

Ms Newell told Tribune Arts that when
she first saw the art work from the children,
she was not suprised by the level of skill
they displayed in their work.

“T wasn’t surprised at all. They are
known from being very artistic. When I
first started reading about Down Syndrome
I found that they had a great ability to do
anything artistic. So anything like visual
arts or martial arts they are keen on,” she
said.

Viewers will see a mixture of art pieces
ranging from traditional Bahamian art to
vibrant colorful pieces with hues of red,
royal blue and yellow.

The Down Syndrome Association is
working towards establishing the first
Down Syndrome Center here in Nassau.

Funds raised from the art show will go
towards staff for the facility.

“We are looking to also have a space
for our adults to learn a trade so they can










work and earn their own living,” Ms
Newell said.

“IT would like to see our Down syndrome
Center serve all of our children and adults.
I hope to not only have after school pro-
grams for our children, but a work envi-
ronment for our adults, a medical facility,
a place where our children can have their
needed therapies and most importantly, a
place where our children can be educated
in safe surroundings.”

The public is encouraged to support per-
sons with Down Syndrome in their efforts
to bring a breath of fresh air to art in the
Bahamas.

“T think the public will be suprised to
see the talent in that Bahamas among
young children as well as people with dis-
abilities. This is aa great way for them to
support as well as encourage them to do
keep doing their best.”

Ms Newell also said that this is just the
first of great art shows to stem from the
Down Syndrome community.

“We are looking to make this an annual
event.”

The Bahamas Down Syndrome Associ-
ation was first established 12 years ago, by
Pamela Forbes Merchant and Ida Poitier
Turnquest. The relaunch of the associa-
tion began in 2006 when Cheryl Newell
was elected as president.

The show will be held on Friday, March
4, starting from 6-9.

For more information contact Anthony
Morley’s Art Gallery & Studio at 361-6006.






PAGE 1

N ASSA U AND BAHAMA ISLANDS LEADING NEWSPAPER V olume: 107 No.84WEDNESDAY, MARCH 2, 2011 PRICE 75 (Abaco and Grand Bahama $1.25 W EATHER CLOUDS, SUN, SHOWERS HIGH 82F LOW 70F F E A T U R E S SEETHEARTSSECTION S P O R T S Down but not out SEESECTIONE Hugh Campbell reaction FNM MP Branville McCartney had his town meeting on the sale of BTC shut down by members of his own party, The Tribune has been informed. Having publicly stated he has yet to determine how he will vote on the controversial sale of 51 per cent of BTC toC able and Wireless, Mr McCartney said the meeting was designed to hear the viewsa nd opinions of his cons tituents before making his decision. However, according to r eports, the forum quickly took a turn for the worse. Having written to Prime Minister Hubert Ingraham for a representative to attend from the government to state their case, Mr McCartney report edly was told by the PM that as a former Minister and current backbencher of the partyh e could represent the gov ernment sufficiently at his own meeting. R epresentatives from the U tilities, Regulation and Competition Authority (URCA M cCOMBO O F THE DAY N E W The Tribune THEPEOPLESPAPER BIGGESTANDBEST L ATESTNEWSONWWW.TRIBUNE242.COM FNMs bust up Bran meeting BAHAMASBIGGEST CARSFORSALE, HELPWANTED ANDREALESTATE I N S I D E SEE page 10 THESCENE at the Bamboo Town meeting. Supporters of Prime Minister disrupt MP s BTCmeeting THE ROYAL BAHAMAS DEFENCE FORCE apprehended more than 250 Haitian nationals suspected of being illegal immigrants in the Exuma Cays yesterday afternoon. They were brought to Nassau for processing last night. The apprehension was made after two Haitian sail boats were spotted near Ragged Island and Acklins. The first vessel, a 40-foot sloop containing 164 persons was intercepted by Defence Force officers 18 miles west of Elbow Cay, Exuma around 11pm on Monday night. Officers intercepted a second, smaller vessel off Raccoon Cay, Exuma with 93 suspected illegal immigrants. They met with the Defence Force vessel HMBS Bahamas yesterday at 4.20pm to transport the detainees to Nassau. Defence Force officers suspect a third vessel is somewhere in the Exuma Cays. A CHINESE company is scheduled to create new ports, bypass roads and carry out other works on several Fam ily Islands. Prime Minister Hubert Ingraham said the China Harbour Company will conduct a feasibility study and subse quently develop a project design for a new port on Exuma. As Exuma has outgrown its main road with the islands increasing development, Mr Ingraham said the con struction of a bypass road is also being planned. The Prime Minister said the China Harbour Company will also create a IN a front page article in yesterdays Tribune it was incorrectly stated that the government had allocated $18 million to pay BTCs electricity bills. The story should have read that the Ministry of Finance plans to allocate $18 million to take a siz able chunk off the government's electricity debt. At last estimate the governments account with the Bahamas Electricity Corporation (BEC said to be $40 million in arrears. BTC should not have been mentioned in the article, and The Tribune would like to apologise for any inconvenience this error may have caused. CLARIFICA TION SEE page 10 CHINESE FIRM SCHEDULED FOR MAJOR CONSTRUCTION WORK IN FAMILY ISLANDS MORETHAN250 HAITIANNATIONALSAPPREHENDED By AVA TURNQUEST T ribune Staff Reporter a turnquest@tribunemedia.net THE countrys murder count is o n track to meet last years recordb reaking number. The death of a 28-year-old man at hospital on Monday pushed the murder count to 18, mirroring totals recorded last year for the month of January and February. The overall record was broken f or the second consecutive year in N ovember, and the year ended with 94 murders. M urder demographics issued by t he police for 2010 indicated that e ight people were murdered in JanSEE page 10 MAN DIES IN HOSPITAL IN YEARS 18TH MURDER T i m C l a r k e / T r i b u n e s t a f f

PAGE 2

By NOELLE NICOLLS Tribune Staff Reporter nnicolls@tribunemedia.net BUSINESSES in a Palmdale complex have decided to remove a disabled parking spot after it sparked controversy among patrons. Last week, angry customers shopping at the complex complained that the number of spots designated for persons with disabilities was excessive. Representatives of the three tenants, Starbucks, the Bahamas Foot Centre, ABC Prosthetics and Orthotics, as well as the National Councilfor the Disabled, met with owners of the complex on Monday to address the issue. It was claimed that a mutual decision was made to remove the latest disabled parking spot to be added. This collective decision embraces the needs of the disabled as well as able-bodied clients, and is the result of mutual understanding and consideration. The owners of the complex trust that members of the general public will accept the decision as one that is in the best interest of all concerned. It is also hoped that respect will be given to the needs of the disabled in our community, by able persons refraining from parking in spaces designated for individuals with disabilities, said owners of the complex in a written statement. The problem emerged last week after ABC Prosthetics created a handicap spot for Starbucks customers in the front parking lot, taking the total number of disabled spots to four. There is a large parking lot to the rear of the building for customers of the three businesses, but there are only 10 spots in the front. Two of the three establishments on the complex cater to people with disabilities. The Starbucks franchise head office was not aware of the arrangement between ABC Prosthetics and the Palmdale branch, neither were the owners of the complex. Both were surprised to learn about complaints from some patrons. The meeting between the various parties was said to be amicable. Jamal Nottage, owner of ABC Prosthetics said there was a lot of passion whilst talking because everyone wanted to get their point across. Because of the miscommunication that kept the landlord and the Starbucks head office out of the loop, he said it was mutually agreed to remove the fourth disabled parking spot outside the Palmdale building complex and allow the three original spots to service the whole building. At first, it looked like Starbucks was being inconsiderate, but it wasnt anything like that. It was an employee who authorised it, not a (head office administrator or manager, so that was the whole miscommunication, said Mr Nottage. In a statement from the owners, they said: All parties agree that three disabled parking spaces out of a total of 10 spaces represent afair percentage, and are sufficient to meet the needs of respective clients. The newly-painted disabled space in question will therefore be removed. Disabled clients of all three businesses will have access to the original three spaces that will remain. Additional spaceat the rear of the building providesoverflow parkingforthe three establishments. ABC Prosthetics offers free detailing of disabled parking spots for businesses. Last week, Cycles Unlimited received a disabled spot in its parking lot. L OCAL NEWS P AGE 2, WEDNESDAY, MARCH 2, 2011 THE TRIBUNE T O DISCUSS ST ORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM POLICE are searching for two armed men who robbed Checkers Cafe and gun butted a woman employee. The culprits, armed with handguns, entered the restaurant on Robinson Road shortly after 1pm on Monday and d emanded cash. It was reported that the thugs assaulted the woman after they received an undetermined amount of cash, and subsequently fled the area on foot. T he woman was taken to hospital where she was treated and discharged. POLICE are investigating the stabbing of a 20-year-old a t Palmetto Avenue off Baillou Hill Road. The victim was taken to hospital by emergency medical services after he was attacked by a man while at his home. S hortly after 7pm on Monday, the 20-year-old was stabbed i n his back and arms and was listed in stable condition at hos pital. THREE men were arrested after police uncovered sus p ected drugs and money while searching a home in Pinewood Gardens. Officers of team Rapid Strike recovered a quantity of s uspected marijuana, drug paraphernalia and cash from a home at Bay Geranium Avenue. The occupants of the home, aged 24, 39, and 45 were taken into custody as police investigations continue. ABACO police are asking the public to come forward with any information that may assist them in recovering a stolen boat. A 35ft yellow and white Malago (centre console boat was stolen from Windward Beach, Marsh Harbour between 11pm on Sunday and 2am on Monday. A nyone with relevant information is asked to contact the police in Marsh Harbour at 367-2560, 367-3437, police emergency at 919, or Crime stoppers at 328-TIPS. Men rob cafe and gun but emplo yee Palmdale businesses decide to remove controversial disabled parking spot THECONTROVERSIAL disabled parking spot in Palmdale.

PAGE 3

By CELESTE NIXON Tribune Staff Reporter cnixon@tribunemedia.net THE Progressive Liberal Party said it has serious concerns about the Water and Sewage Corporations relationship with the Consolidated Water Company alleging that contracts have been awarded to the company without the correct public tender process. The opposition party described the WSCs decision to enter into a new contract with Consolidated Water (CWCO tionable development. However, Minister of State for Environment Phenton Neymour, branded the accusations levelled by the opposition as an attack on the integrity of the employees of WSC. (Party chairman Bradley Roberts and the PLP continue to attack civil servants in a manner in which I would consider inappropriate for a political party that wants to be the government. These individuals are merely carrying out their job. I can defend myself, but he should not attack civil servants, Mr Neymour said. The PLP alleged in a statement that the extended five year contract between WSC and CWCO to increase the daily production capacity of the Blue Hill Plant by around 67 per cent to 12 million US gallons will significantly impact the public purse and perhaps the environment and was concluded without proper public tender. The PLP reminded the government of its 2007 Trust Agen-da pledge, which said that ministries must be transparent and accountable to parliament and to the public for the operations and policies of their respective agencies. The party also claimed that in giving CWCO the contract, the WSC had given the compa ny a monopoly over water delivery in New Providence. H owever, Mr Neymour said that any suggestion CWCO has a monopoly is simply false. The Water and Sewerage Corporation is supplied by Consolidated Water, it receives water barged in from Andros, water from well fields in New Providence and for decades has received water from the New Providence Development Company (NPDC ister said. P roposal He pointed out that NPDC has also submitted a proposal to government to provide reverse osmosis water for the corporation. The PLP contended that Water and Sewerages arrangement with Consolidated Water is not just an extension of the current contract as previously claimed by the government but rather that the additional production will require a new plant and should be identified as a new project which should be put out to public tender. Mr Neymour called this an outright falsehood. He said the bid sought by WSC was for the expansion of the existing facility at Blue Hills and to increase its capacity by four million gallons. There are three reasons for that. WSC is experiencing a shortfall in the desired quantity of production and would like to increase that; the Baha Mar project has come on stream and we must be in a position to meet the quantity required by that development. Also, WSC is barging water from Andros and it has been calculated that RO water in Nassau is of a better quality than that barged in, and RO water in Nassau replacing the shipping cost in Andros can save the WSC two million a year, Mr Neymour said. Allegations As for the allegations that the government has an unfair bias towards Consolidated Water, and only asked for other bids to conduct a fishing exercise to establish prices for that company, the state minister said Mr Roberts and the PLP are only of this opinion because they were guilty of exactly this kind of behaviour when in office before 2007. LOCAL NEWS THE TRIBUNE WEDNESDAY, MARCH 2, 2011, PAGE 3 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM By NATARIO McKENZIE Tribune Staff Reporter nmckenzie@tribunemedia.net A MURDER trial had to be adjourned for a second time after the accused, who is on bail, failed to appear in court. A warrant was issued by Supreme Court Justice Jon Isaacs on Monday for the arrest of Livingston Taylor, 44. Taylor is charged in the murder of Eleuthera resident Sylvia Agnes Cates, 66, who was found beaten to death in the bedroom of her Rock Sound, Eleuthera home on Sunday October 7, 2007. Taylor is also charged with armed robbery and housebreaking. The accused, who was arraigned on the charges back in February 2008, was granted $30,000 bail in August of that year. Taylor was not present at court again yesterday and the trial had to be adjourned. A new trial date will be set if and when Taylor appears in court. His two suretors are expected to appear in courton Friday to explain why they should not forfeit $30,000. Prosecutors noted yesterday that the recent turn of events have proven particularly costly for the Crown, which had to spend thousands of dollars to accommodate their witnesses, several of whom live in Eleuthera and the United States. Around 18 witnesses a re expected to testify. Tony Scriven and Jilian Williams are the prosecutors in the case. Taylor is repre sented by attorney Jerone Roberts, who informed the court on Monday that he had spoken with Taylor the previous day. MURDER ACCUSED F AILS TO APPEAR I N COURT FOR A SECOND TIME PLP has serious concerns over WSC relationship with Consolidated Water PHENTON NEYMOUR branded the accusations levelled by the PLP as an attack on the integrity of WSC.

PAGE 4

EDITOR, The Tribune. This is an open letter for p ublication to the Prime M inister. D ear Prime Minister, Each year some 4,200 fifteen to sixteen-year-old young Bahamians sit the annual BGCSE examination i n English. Of this number s ome 750 (18 per cent so badly they are deemed illiterate with a further 1,750 (42 per cent examination and regarded a s semi-literate at best. T his state of affairs has been known and recognised for many years, a situation o f which you, the Prime M inister, said you were regretful in a speech you gave in July 2009. By June this year a further 5,000 young Bahamians will have left their school ing illiterate or semi-literate in which time noth ing has happened. The United Nations Educational, Scientific and Cultural Organisation (UNESCO gramme for International Student Assessment of 15year old young people d efine literacy as: The ability to understand, use and reflect on written texts in order to achieve ones goals,t o develop ones knowledge and potential, and to partic i pate effectively in society. The 2,500 young Bahamians failed by the Ministry of Education each year fallf ar short of UNESCOs defi nition and in their words will be facing a life of uncertainty, unemployment and poverty. O n this annual basis of failure there are probably some 30,000 young Bahami ans in the education system today who await this eventual fate. If we were to look at numeracy, the figure would be over 40,000. This shocking record should be a concern for any self-respecting government. Further analysis of the data reveals that the major ity of young Bahamians who fail each year are boys, possibly some two-thirds or more. This hides a greater fig ure, for increasingly more a nd more young boys are dropping out of education e ach year a problem acknowledged by the Minister of Education in July 2010. The year-on-year increasing number of unemploya ble young boys has huge i mplications for Bahamian society through rising crime levels and the escalating costs of policing of this c rime; the justice system; the prison; and the probationary services. As the evidence from othe r countries shows, the i ntensification of crime through failing education leads to crime and gang membership. T he 73 deaths surrounding the arrest of Christopher Dudas Coke in Jamaica in 2010 hangs over the Caribbean as a salutatoryr eminder of what can hap pen and the affect this can have on the economy of a country as tourists turn their back on visiting a crime hot s pot for their vacation. W hat has the Govern ment and the Ministry of Education been doing to a ddress and begin to reverse this problem? Nothing we know, as you do, for we have now spent some eighteen months i n fruitless discussions with the Ministry of Education over a literacy initiative for young primary school b oys during which time we h ave supplied considerable supportive information, but the Ministry appears to be in denial of a problem of their own making and intent in finding reasons not to do it. Can a reason be cost? We do not know, but think not for the cost of providing this initiative for seven to nineyear-old primary school boys would be just over one quarter of one percent (0.25 per cent) of the annual education budget a small sum in the grander scheme of things. Both you, Prime Minister, and the Ministry of Education are continuing to fail y oung Bahamians putting at risk not only their future but a lso the potential prosperity o f our country that has to increasingly compete in a highly competitive global market where education is greatly valued by the fast growing economies of China, India, Brazil and Singapore. It may interest you to k now that UNESCO reports that some fifth of the world is illiterate. The Ministry of Education is well on tar get to achieve this with only a further 2 per cent of young B ahamians at BGCSE needed to be deemed illiterate rather than semi-literate (what does this vague phraser eally define?) The reality is that the Ministry of Education in its arrogance hasp robably not only achieved this dreadful goal but exceeded it. Our young deserve far b etter than this, for our n ations very future is in their hands. T he country needs to understand why the Ministry o f Education and you, Prime M inister, have failed in the v ery trust put in you by the young who attend our schools in the belief that t hey will receive a basic education through which they w ill after some twelve years l eave school literate and employable in a modern world. We would like to ask you if you would please tell the nation what reasons you have for not wanting to put i n place a much needed literacy initiative? We would also like you to explain what you are going to put in place now (for time is of the essence and each child gets only one chance of an education) to start improving literacy levels immediately so that future young Bahamians have bet ter life chances than today? MRS DEON COX Principal, Skills Bahamas & Howard Betts Consultant to Skills Bahamas Nassau, February, 2011. EDITORIAL/LETTERS TO THE EDITOR PAGE 4, WEDNESDAY, MARCH 2, 2011 THE TRIBUNE The Tribune Limited N ULLIUS ADDICTUS JURARE IN VERBA MAGISTRI B eing 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. P ublisher/Editor 1919-1972 Contributing Editor 1972-1991 E ILEEN DUPUCH CARRON, C.M.G., M.S., B.A., LL.B. Publisher/Editor 1972P ublished Daily Monday to Saturday S hirley Street, P.O. Box N-3207, Nassau, Bahamas Insurance Management Building., P.O. F-485, Freeport, Grand Bahama T ELEPHONES Switchboard (News, Circulation and Advertising A dvertising Manager (242 C irculation Department (242 Nassau Fax: (242 F reeport, Grand Bahama: 1-(242 WEBSITE w ww.tribune242.com updated daily at 2pm E ARLY YESTERDAY morning a member of our family left home in plenty of t ime to catch a 10.30am flight from the airport. An hour later, instead of calling from the airport to say that he had arrived, he was calling with the information that he had only got as far as San Souci, a three-minuted rive down the road from his home. The traffic was horrendous due to road worksf urther down, which had brought traffic to a standstill, and backed it all the way up the E astern Road. Needless to say he did not make his flight. R oad works? Wasnt Fox Hill MP Fred Mitchell berating the government in the House of Assembly on Monday for not, in this recession, concentrating on the creation of Jobs! Jobs! Jobs! for unemployed B ahamians? But didnt the abundance of road works down the various designated c orridors, now creating a nightmare for motorists, mean that jobs were being create d for many Bahamians? Baha Mar was about to come on stream, and Arawak Cay had provided work for others. This meant that government was in fact doing its best to create new work. Of course, many Bahami a ns are still unemployed, but at least an effort is being made to open news streams of o pportunity for them. In the New Providence Road Improvem ent Project six Bahamian sub contractors have been retained whose staff provide landscaping, street lighting, sidewalks, drainage wells, pipe culverts, curbing, WSC and pavements. L ast week 560 persons were employed on road construction, 81 of them foreign, 3 82 Bahamian. Among the Bahamians were 66 carpenters, 60 masons, 16 heavy equipm ent operators, and 136 labourers. There were also electricians, plumbers, laboratory a ssistants, lowboy operator, back-hoe oper ator, gardener, receptionist, messenger, and an assortment of other semi-skilled techni cians. From complaining that government was not concentrating on Jobs! Jobs! Jobs! for Bahamians, Mr Mitchell then shifted gear and complained that while government could find money for road works, it could not find money for scholarships for Bahamian students the countrys future. We hadnt much time to listen to his argument, but we heard just enough to know that what he was saying was not logically computing. First of all government, according to Mr Mitchell, was not creating jobs. But at least current road construction was providing some employment. Next, he complained, G overnment could find money to pay for roads, but not enough to provide scholars hips for Bahamians. In these economic hard times first world countries, far more prosperous than the Bahamas, were doing no better, some were even worse off and were job cutting by the thousands. H owever, it turned out that Mr Mitchell was misleading the House, according toE ducation Minister Desmond Bannister, who said that government had provided m ore student educational grants not loans in one year than had Mr Mitchells gove rnment in its five-year term. Mr Bannister demanded that Mr Mitchell retract his misinformation. We had to turn off the television, leaving the Minister and the Fox Hill MP verbally sparring over the misinforma t ion. However, yesterday we did some research o n the matter. The Bahamas Government Guaranteed Education Loans programme a programme that provided student loans, which were to be repaid was started by the FNM government with the loans statutory limit up to, but not to exceed $100 million. The programme was then continued b y the PLP government. However, when the Ingraham government was returned in 2 007, it was discovered that the loan had reached if not exceeded its statutory l imit and students had failed to repay $60 million of their loans. To date $70 million is still outstanding. The programme had to be discontinued for non payment. However, two years ago despite the r ecession the Ingraham government introduced educational grants (scholarships w hich relieved students of the repayment burden. In 2007/8, $3 million was provided f or these grants; 2009/10, $6 million was allocated. This year $7 million has been provide d for student grants. During the PLP years 2002-2007 the Christie government continued the student loan programme, which students were under legal obligation to repay. However, in the final year of its five year term in the 2006/7 budget the PLP provided $400,000 for student grants (scholarships ter Bannister was correct in saying that his government had so far given out more in scholarships $16 million in three years than had the PLP in all of its five years ($400,000 We still cant fathom Mr Mitchells argu ment about governments failure to create jobs and assist students with grants for higher education. But, of course, thats politics and politi cians, so what can one expect. An open letter to the Prime Minister LETTERS letters@tribunemedia.net Jobs and scholarships, according to Mitchell EDITOR, The Tribune Id like to express my heartfelt thanks to the cemeteries division of the Ministry of Works for the Herculean effort that went into tidying up the eastern section of the historic Western cemetery. When three busloads of family, mostly from abroad, visited the cemetery Saturday to pay their respects to the brothers Aristides and George Damianos, the sponge brokers who arrived here in 1896, a remarkable transformation had taken place. The experience was positive. A special thank you to Pamela Mullings and Zack Thompson for all their help. As I said in an earlier letter, they are a credit to the Ministryand to the community. ATHENA DAMIANOS Nassau March 1, 2011 Heartfelt thanks for tidying up eastern section of historic W estern cemetery EDITOR, The Tribune Re: Secure The House The Tribune, February 24 2011 Why do we complain about the juvenile behaviour of some of our unions? After all, isnt it simply an inevitable case of: Spare the rod and spoil the union? KEN W KNOWLES, MD Nassau, February 27, 2011. Share your news The T ribune 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. Spar e the r od, spoil the union

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By LAMECH JOHNSON THE NEW state-of-the-art Harry C Moore Library and Information Centre at the C ollege of the Bahamas had i ts unofficial opening on Monday and students are weighing in with their con-c erns and enthusiasm. Chelsea Carroll, an economics and finance major at C OB, was in awe of the new library. "My first impression of it? I think it's high tech and up to date," she said. Mass communication students Kriston Saunders and B rittany Armbrister said that a lthough the library has insufficient computers at the moment and the restroomsa re already out of order, everything else is excellent. Petrez Davis said the facili ty "is nice and spacious. Stud ents might get a little lost though. The walk from my classes is a bit far, but it's not t oo inconvenient. Other students don't seem to mind the location of thel ibrary which is situated at t he southwestern part of the Thompson Blvd campus. Jarrell Smith is extremely p leased with the library. The Small Island Sustain ability student said that d espite few glitches, the new facility is really nice. Security guards and staff at the library plan to keep itt hat way, by keeping track of everyone who enters the facility and turning away t hose without proper identi fication. One guard said unless ID i s a must, it would be hard t o tell students from other members of the public. "We have students from all walks of life come here, many of them with jobs too. Some are police officers, some aret eachers or whatever job, he said. A number of students wanting to experience the n ew building were turned away because security was firm about the ID policy. Kandice Eldon, a writer for the office of Communications at COB said the o pening is unofficial or soft". "The real opening isn't until April 8, 2011, shee xplained. The Tribune tried to speak with COB president Betsy V ogel Boze about the library, b ut she was in a meeting at the time. The multi-storey building h as a law library, computers, an auditorium, classrooms, a media production studio,i ndividual and group study s paces, and exhibition spaces. There also will be an archive available to users. T he construction of the $28 million, 60,000 square foot facility, which will serve ast he National Library of the Bahamas, began in April 2008. When the official opening t akes place in April, the land scaping, parking and some additions to the building are e xpected to be complete. Ms Eldon is not completely sure what will become oft he former main campus l ibrary. She thinks "they might use it for classes." LOCAL NEWS T HE TRIBUNE WEDNESDAY, MARCH 2, 2011, PAGE 5 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM THEBAHAMAS VERYOWNSTREETPHILOSOPHER THE sentencing hearing of a man convicted of murder ing his former girlfriend was adjourned for a third time yesterday. Angelo Poitier, 24, was convicted last October of the murder of Shanice Adderley, 19. The young woman's body was discovered inside a grave in the Bahamas Veteran's Cemetery on Infant ViewRoad on May 27. Accord ing to an autopsy report, Ms Adderley had died as a result of blunt force trauma to the body. Poitier was expected tobe sentenced yesterday, however, his psychiatric report was not available. His sentencing hearing has now been adjourned to June 7. Poitier in an unsworn statement from the prisoner's dock denied killing his former girlfriend. He claimed that he had unwillingly signed a con fession statement over fears that police would brutalise him. Students give opinions on the new COB library and information centre SENTENCING HEARING AD JOURNED AGAIN B y DENISE MAYCOCK Tribune Freeport Reporter dmaycock@tribunemedia.net F REEPORT Two teenagers are wanted by police for questioning in con n ection with an armed robbery incident here on Grand Bahama. P olice have issued all-points b ulletins for Byron Alvin Rambaron and Garon Alvin Rigby, both 18, of GrandB ahama. Rambaron, a resident of Jones Town, Eight Mile R ock, has a light brown com plexion, dark brown eyes and short hair. He is about five feet, eight inches tall, of average build and weighs about 148-160lbs. Rambaron has tattoos of hisn ame on his right hand. Rigby, a resident of Paisley Place, South Bahamia, has am edium brown complexion, dark brown eyes and short hair. He is about five feet, 11 inches tall, of slim build and weighs about 140-150lbs. Hehas tattoos on both arms and below his right eye. Both men are considered armed and extremely danger ous and should be approached with caution. Anyone with information concerning these wanted men should contact police at 3529774/5, or 350-3107/ 8, 911. W ANTED FOR QUESTIONING THENEWFACILITY is pictured here in January. It had its unofficial opening on Monday. Garon Alvin Rigby (left a nd Byron Alvin Rambaron

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O RGANISERS of the We T he People (WTP group said they were extreme ly impressed with the showi ng at their Grand Bahama launch. Following their official l aunch in New Providence a f ew months ago, the non-profit advocacy group brought t heir message to Grand B ahama last Saturday with a special meeting at the Regency Theatre. W TP said 75 per cent of t hose in attendance registered on the spot and others regis tered afterwards online. Welcoming the audience and introducing the organisation was Philip Simon, WTP e xecutive director. Introducing WTP's chairman, Atlantis senior vicepresident and popular radio p ersonality Ed Fields, was Grand Bahama attorney Veronica Grant. The enthusiasm expressed by those that attended the Grand Bahama launched fur t her inspires We The People to continue promoting this very important idea. We are greatly encouraged about thep ossibilities resultant from more and more Bahamians engaging in the process of col-l ectively participating in the development of our Bahamas. In this regard WTP's secondc ity launch was tremendously successful," Mr Fields said. WTP was launched in Nassau on November 16, 2010 with the goal of influencing positive change towards a bet ter Bahamas. The association for all intents and purposes is defined as an action-oriented, research and advocacybased, non-political (without reservation or exception), notf or-profit and membershipd riven organisation designed to inspire participation from the collective in bringinga bout a better Bahamas as defined by its people, repre sentatives said. Earlier this month, WTP announced as one of its ini tiatives the plan to establish the Police Athletic League (PAL towards keeping young innercity children active and off the streets. L OCAL NEWS PAGE 6, WEDNESDAY, MARCH 2, 2011 THE TRIBUNE T O DISCUSS ST ORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM By DENISE MAYCOCK Tribune Freeport Reporter dmaycock@tribunemedia.net FREEPORT A small fire occurred on the roof of the City Market Store downtown on Tuesday morning while workmen were carrying out repairs on the buildings roof. The store was safely evacuated around 9.52am. Normal operations were later resumed after the fire was extinguished by firemen. Company officials reported that there was minimal impact to the building. Asst Supt Loretta Mackey, press liaison officer, said two fire units were dispatched to the scene around 11.55am. She said firemen observed smoke coming from the roof of the building and took immediate action. When officers climbed onto the roof, they found several persons attempting to put out the flames. Ms Mackey said the officers were able to quickly extin guish the fire. It was reported that workers from a roofing company were making repairs to the roof of the store using a blowtorch and during the process ignited the insulation in the roof. The smoke travelled through the air-condition ducts and then into the store, she said. According to a press release issued by the company, workmen hired by the buildings landlord were attempt ing to repair a part of the air conditioning system at the City Market Store. After the fire was extinguished, the store resumed full operations at 11.35am. ASP Mackey said no injuries were reported and the dam age was estimated at $300. WE THE PEOPLE volunteers at the Grand Bahama launch on February 26 at the Regency Theatre. WE THE PEOPLE IS AN IDEA, NOT THE ANSWER, said Ed Fields, chairman of WTP, at the Grand B ahama launch. e The People group holds successful Grand Bahama launch CITY MARKET STORE EVACUATED AFTER ROOF FIRE DURING REPAIRS E XECUTIVE DIRECTOR o f We The People Philip Simon speaks to the Grand Bahamaa udience at the launch of the g roup in Freeport at the Regency Theatre.

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By BAHAMAS INFORMATION SERVICES T HE contributions of the late Dr Keva Bethel to Queens College were remembered on Monday as administrators, faculty and students of this institution joined in a service of thanksgiving for the educator who served on the schools Board of Govern ors. T he service included scripture readings, prayers and musical tributes by students and the high school choir. Administrators, members of the schools Board of Governors, and repres entatives of the Bahamas C onference of the M ethodist Church reflected o n the talents and graces of D r Bethel as well as on the m any lives she touched. Shawn Turnquest, viceprincipal and head of the high school, said Dr Bethel never lost the twinkle in her eyes. She was never rude, negative or disparaging. Shes hared her views with love and tenderness. She was careful always to lift up, never to break down, saidM rs Turnquest. Dr Bethel was recalled as a unique, charming, delightful, giant-of an edu-c ator, whose memory will forever be cherished. THE Bahamas is now one o f the worlds premier s hark-watching destinations for divers, reeling in $800 million over the past 20y ears for the national economy, according to the Bahamas Diving Associa tion. T o protect this industry a nd the sharks themselves, Dr Guy Harvey, a wellknown scientist and marinew ildlife artist, has joined the growing ranks of individuals and organisations calling for strict regulationst o ban the commercial fish ing of all sharks in the Bahamas. In support of the pro g ramme, Dr Harvey is releasing a custom-designed Protect Bahamian Sharksc ampaign logo and poster t his week while visiting Nas sau to meet with govern ment officials. These magnificent anim als have been admired for years by divers visiting the Bahamas and revered by people around the world as one of the great wonders of the ocean, said Dr Harvey. However, many species of sharks are now being driven to the brink of extinc tion by over-exploitation, fueled mostly by the Far Easts demand for shark fin soup. Bahamas National Trust executive director Eric Carey said that due to a ban on longline fishing gear in the 1990s led by the BNT, Bahamian waters are one of the few places in the world with relatively healthy shark populations. Even with the ban on longlining gear, sharks are still considered at-risk in Bahamian waters due to other methods of fishing. There are currently no spe cific laws in the Bahamas protecting these amazing creatures, said Matt Rand, director of global shark conservation for the Pew Environment Group. We are working with the Bahamas National Trust to raise awareness to establish measures that will conserve healthy shark populations before it is too late. Scientists with the Inter national Union for Conser vation of Nature have esti mated that 30 per cent of shark and ray species around the world are threatened or near-threatened with extinction. The loss of these animals could cause irreversible damage to the oceans ecosystem and result in the loss of hundreds of millions of dollars in the tourist trade. T he Pew Environment G roup is the conservation arm of the Pew Charitable Trusts, a non-governmentalo rganisation that works globally to establish prag matic, science-based policies that protect our oceans, pre-s erve our wildlands and pro m ote clean energy. Dr Harvey will speaking t onight at the BNT Retreat o n Village Road at 7pm. Due to limited space interested persons had beena sked to RSVP before February 28. L OCAL NEWS T HE TRIBUNE WEDNESDAY, MARCH 2, 2011, PAGE 7 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM 0DFKLQHU\t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t(/LPLWHG 1DVVDX%DKDPDV $WWHQWLRQIFH$GPLQLVWUDWRURUHPDLO PH#PHOWGFRP 127(QO\SHUVRQVEHLQJLQWHUYLHZHGIRUWKLV SRVLWLRQZLOOEHFRQWDFWHG 326,7,21$9$,/$%/( WELL-KNOWN SCIENTIST WANTS TO PROTECT BAHAMIAN SHARK DR GUY HARVEY scientist and marine wildlife artist, painting a great white shark. Queens College remembers the late Dr Keva Bethel DEPUTY HEAD BOY at Queens College, Celtson Toote, performs It Is Well on the trumpet during the thanksgiving servicef or the late Dr Keva Bethel. CHAPLAIN JEVON NEELY gives the benediction at the service of thanksgiving.

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By LARRYSMITH T HIS year's Best Picture Award went to a historical drama called The King's Speech starring Colin Firth ( who also won Best Actor). The film focuses on the personal story of Stutteri ng Geordie (father of the p resent Queen Elizabeth), w ho came to the throne by a ccident. But that is really j ust a subplot. I n actuality, the film takes us back to a critical hinge moment in history, and this larger story is far more gripping than the well-acted relationship between the staid king and h is blunt Australian speech therapist Lionel Logue (played by Geoffrey Rush I f you haven't seen this m ovie, you really should. T he historical context centres on the waning days of the British Empire, andi ncludes the abdication of King Edward VIII, the looming catastrophe of thes econd world war, and the c reation of the modern world exemplified by the introduction of radio broadcasting. The current British roya l family springs from the 1840 marriage of Queen Victoria to the German Prince Albert of SaxeC oburg-Gotha. The name Windsor was invented in 1917 by George V (Victor ia's grandson), who had a G erman wife and was worr ied about the anti-German f eeling produced by the F irst World War. Abdication These close familial ties h ad a lot to do with the abdication of Edward in 1936, although the pretext was his marriage to a twice-divorced American n amed Wallis Simpson. W hen Adolf Hitler became r uler of Germany in 1933 and began preparations forw ar, the heir to the British throne was a major liabili ty, as both he and Wallis were sympathetic towardst he Nazi regime. Stanley Baldwin, prime minister at the time, used the constitutional issue of Wallis' status as a divorcee t o force the king into a choice between abdicating or being publicly humiliate d. Edward chose to abdic ate. He married Wallis in 1 937 and was eventually exiled to the Bahamas as governor for the durationo f the war. According to declassi fied British and American files, Edward and Wallisb oth passed secret infor mation to the Nazis. And during a much publicised 1 937 visit to Germany, against the advice of the British government, they w ere fawned over by Nazi l eaders including Hitler h imself. Simpson had also been the lover of GermanA mbassador Joachim von Ribbentrop, (who went on to become Hitlers foreign minister); and Edward hadb een identified by Hitler as a potential puppet king of England after the antic ipated Nazi victory. I n 1939 only four months before the war began Edward recorded as tatement calling for peace w ith Germany, which the BBC refused to broadcast. And as the British liaison officer with French forceso n the continent, he passed useful information to Hitler as Germany plannedt o attack France. After the successful German invasion, the duke fled his post for a hotel inB iaritz, near the border w ith Spain, where he continued to communicate with the Nazis, even ask ing the Gestapo to collect his belongings from Paris. He eventually made his way to fascist Spain, where he advised the German ambassador in July 1940 that continued heavy bombing would make Eng land ready for peace. Bahamas At this point, rather than ordering a court mar tial, Prime Minister Win ston Churchill sent the Windsors to the Bahamas to keep them out of contact. Although a paradise to some, the Duke and Duchess were not amused by their Bahamian idyll. "I hate this place more each day," Wallis said at the time. "We both hate it. The locals are petty minded." In a December 1940 interview with an Ameri can journalist who was a friend of President Franklin Roosevelt, the Duke said it would be a tragedy for the world if Hitler were overthrown and advised the journalist to tell this to Roosevelt in an effort to persuade the US not to enter the war. On their visits to Miami the Windsors were always closely watched by Ameri can and British agents. Edward's brother, the stammering King George VI, reigned from 1937 until his death in 1952. And as Colin Firth point ed out, His only job was to speak for the nation on live radio I mean, how cruel was that? there is n o recording yet, there is n o editing for radio this is live to the empire. But eventually, Churchill (a longtime friend of Edward's) was to say: "Your Majesty, I was very much mistaken in my estim ate of your brother. You are a much better king than he was." The film opens with George, as Prince of Wales, giving a painful closing speech at the British Empire Exhibition in London in 1925. It ends with his first live radio broadcast to the empire at the outbreak of World War II, choreographed by Logue. You can hear a recording of the real king's speech here: http://www.bbc.co.uk/archiv e/ww2outbreak/7918.shtml THANKS FOR THE MEMORIES It was the days of wine and roses all over again. A couple dozen middleaged folks sitting beneath a moonless sky savouring one of Pat Rahming's rare musical excursions; and singing along to "a passing breeze filled with memories", like the pensioners we all thought we'd never be. They are not long, those days of wine and roses. But in the company of relatives in the Ebenezer graveyard, we entered for a time into the misty dream of the 1960s, when Pat honed his personality performing folk music while studying architecture in Montreal. Later, during those heady days of cultural emancipation in the 1970s, Pat launched his incendi ary writing career producing a stream of poetry, songs and essays, and becoming perhaps the quintessential Bahamian storyteller of our time. He read and performed s ome of that remarkable o utput last night at a cosy little event sponsored by the West Nassau Rotary Club to raise money for Programme SURE, in sup port of youth develop ment. The event also feat ured stunning works of art by Deborah SaundersWeech. Comm unity "I write for therapeutic reasons," Pat told the online literary journal Tongues of the Ocean in 2009, "to have a conversa tion with myself about things that are on my mind, and to serve as a voice for the community of which I am a part. The role of the poet is the same as that for all artists to share insight." His greatest local musical influence was Charlie Adamson, a gas station attendant on Blue Hill Road who played guitar left-handed and sang about things that happened in the community. Internationally, his favourites include Paul Simon and the Mighty Sparrow. Put those flavours together and you get classic Bahamian songs about gambling addicts, biggety women, trolling tour guides and shifty politicians. Sitting in the cool back yard of Orry Sands' office next to Ebenezer Methodist Church, it was easy to look back towards that door marked "nevermore", that wasn't there before. What do you think? Send comments to larry@tribunemedia.net Or visit www.bahamapundit.com PAGE 8, WEDNESDAY, MARCH 2, 2011 THE TRIBUNE T O DISCUSS ST ORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM Best picture shows critical hinge moment in history C OLINFIRTH ( above and right) as King George VI, alongside Geoffrey Rush in The Kings Speech. T he film takes us back to a critical h inge moment in history. (AP Gripping storyline in The Kings Speech

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L OCAL NEWS T HE TRIBUNE WEDNESDAY, MARCH 2, 2011, PAGE 9 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM THE Royal Bahamas Defence Force officially closed out its 30th anniversary celebrations with a Grand Gospel Concert held at the Christ Community Church on Bellot Road. The well-attended event featured the Royal Bahamas Defence Force Mass Choir accompanied by skilled musi cians from the Defence Force Band. Also offering renditions during the evening were the Royal Bahamas Police Force and Public Service Choirs, the Gospel Flashlights from Cat Island, the Christ Community Church Youth Dance Troupe, Clement Penn from the Immigration Department and the comedy act of Dynamite Daisy. Karen Rigby, Deputy Permanent Secretary in the Min istry of National Security, retired Commodore Leon and Mrs Smith and host pastor, Dr Deanza and Mrs Cunningham were in attendance as honoured guests of the Commander of the Defence Force Commodore Roderick Bowe and his executive and leadership team. Throughout the evening, items donated by Island Merchants Limited, Kellys Home Centre, John Bull and the Bahamas Telecommunications Company were handed out as door prizes, adding to theappeal of the evening as every one vied to be the lucky ticket holder to walk away with the cameras, gift cards, gift baskets and Blackberry packages. The event was held last Friday under the theme, A High er Call to Service, and the Defence Force sought to live up to this by donating a multifunction copier/printer/scanner to the Christ Community Churchs Youth Group at the end of the evening. ROTARY International h as asked all Rotary Clubs to make literacy advocacy part of their community service efforts. T his year, the Rotary Club of East Nassau was glad to provide the stu dents of TG Glover Primary School with a full set of Lessons in Literacy teaching packages forg rades one to six to help t hem with their reading fluency, comprehension, vocabulary and literature skills. RCEN president Joanne Smith and Michele Rassin, literacy chair forD istrict 7020, made the d onation on behalf of the club to the teachers and students of TG Glover School. Grand Gospel Concert closes out Defence Force anniversary celebrations T HE CHRIST COMMUNITY CHURCH Y outh Dance Troupe performing their routine. LEADING WOMAN MARINE Eunice Rolle directing the Force Mass Choir. THE Bahamas Public Officers C hoir performing a selection. DYNAMITE DAISY entertained the audience. P ICTURED FRONT ROW FROM LEFT ARE: M arco Becford, Lennard Markland and Maurino Cash. Back row from left are: Anvia Thompson; Joanne Smith; Eileen Turner, vice-principal; Fanola Wilkinson, senior mistress; Cassandra E Forbes, principal; Zelma Albury, senior mistress; Michelle Rassin; Davalia Smith and Diana Joseph. R OTARY N EWS

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L OCAL NEWS P AGE 10, WEDNESDAY, MARCH 2, 2011 THE TRIBUNE T O DISCUSS ST ORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM and BTC were also requested to attend. However, only members of BTCs union were present, according to reports. At the outset of the meet ing, it is understood one of those attending jumped to his feet and indicated the meeting appeared to be organised as an anti-Hubert Ingraham event, and that if this were so he would have nothing to do with it. Another person, who it was said worked at BTC, suggested the government should not sell BTC, but rather give it away. It was a big bust up, said an FNM councilwoman who attended. The invitation never said only Bamboo Town people, so we came to see what was said. He didnt like that too much because he shut it down before 9pm, she said. As an outspoken member of his own party, reports have also reached The Tribune that the meetings bust up was staged by FNMs who are loyal to the partys leader, Mr Ingraham. This much was admitted unintentionally by another source who said that while she and another person attending were not members of the constituency, they made an effort to not identify themselves as FNMs as per instructions. When asked to respond to these reports, FNM chairman Carl Bethel said: In no way did the FNM organise people to disrupt Mr McCartneys meeting. In fact, he said, the party actually encouraged people to take part, as the meeting was being run by an FNM and the party would have liked to have seen it well attended. However, if passions became inflamed, that is another matter completely, he said. Anyone who may have been passionate would have had their own heart-felt reasons for being passionate I wasnt there and I mean political passion. Now I have heard what everyone else has heard. I have heard that the meeting was not run well. But that is not for me say, he added. Repeated attempts to reach Mr McCartney for his version of what transpired at the meeting proved fruitless up to press time last night. However, the MPs Face book page was updated yes terday with 28 photos from the meeting. Under the photo album, the MP wrote: I would like to thank all persons who attended the Bamboo Town com munity meeting. Indeed, it is important that my constituents are informed of all the facts regarding the sale of BTC and, hence, the essence of the meeting was the dissemination of information and hearing the views of my constituents. The meeting was held at the CV Bethel High School on East Street South. port and a bypass road in North Abaco and work on the bridge in North Eleuthera. He added the financing for the projects is expected to come from the China ExportImport Bank and it will be a design/build contract, with the work expected to start this year in North Abaco, then the Exuma project is expected to commence next. There have been many discussions about a port for Exuma, over many, many years, Prime Minister Ingraham said while visiting the island last Sunday. We have finally settled on it. Mr Ingraham and a delegation visited sites on Exuma for infrastructural development, such as the old naval base site and the dock in George Town, the Ferry Bridge and Williams Town, Little Exuma. The old naval base site will be the location for the port. Also in the delegation were Minister of State for the Environment Phenton Neymour, Minister of State for Land and Local Government Byran Woodside, senior government officials, outgoing Ambassadorof the Peoples Republic of China Hu Dingxian and representatives of the China Harbour Company. The China Harbour Company will do a feasibility study, we will do an environmental study and a feasibility study, Prime Minister Ingraham said. It is our intention for them to proceed to construction drawings and to produce forus a design/build project. We are seeking the input of the local community of Exuma to take account of any views they might have. We will definitely hold a town meeting with the public before final decisions are made, to take into account any suggestions the public may have about what we plan to do. Exuma is becoming an important economic centre int he Bahamas. In revenue terms, it is about fourth in the Bahamas and a lot of activity is taking place. Mr Neymour said several factors, including marine and water current considerations, make the old naval base site the better site for the port. Exuma has significantly increased in population over the last 10 years and so the Government recognises the need for improving the port facilities here, he said. Mr Neymour added that a new sewerage facility would be instituted to meet the grow-i ng needs of having such a port facility on the island, especially in terms of the collection of waste from watercraft. This is a new facility, where we will have a boat collecting sewerage from these vessels, delivering it to the mainland and the sewerage is treated,h e said. It is one of the first of its kind in the region and we are indeed pretty proud to begin to treat sewerage that is produced by marine vessels. It is a step forward for The Bahamas. Mr Woodside said: I am m ost assured that local government practitioners, from the Chief Counsellor down, will support this effort and will work closely to ensure that everything is put in order for the betterment of Exuma. M P for Exuma Anthony Moss said: I am happy and p leased that it will finally come to fruition. The harbour is where we need for persons to access the island via sea vessels, as well as the majority of our food that comes to the island; so Ia m pleased to be here today to see this taking place. P rime Minister Ingraham said: We are planning for the long-term development of Exuma. The development will take a number of years. We will commence with the port here and also with the construction of the mini hospital. We will commence those two projects hopefully during the course of this year, 2011. uary and 10 people in February. According to Tribune statistics for this year, 12 people w ere murdered in January and six people in F ebruary. The latest victim was unresponsive when police found him in a dark coloured Honda at Homestead Street shortly after 11pm last week Tuesday. He died in hospital six days later. It was reported that he had sustained injuries to the head. Meanwhile, police continue to urge the public not to withhold their possessions from armed robbers. A 51-year old Sea Breeze resident is in serious condition at hospital after he struggled with an armed robber on Monday evening. The 51-year-old man was parked in the driveway in front of his home on Sea Breeze Drive when he was approached by a man armed with a handgun. The culprit attempted to rob him of his vehicle, a 2002 Dodge Ram truck, and a struggle followed between the two men. According to police reports, the victim drove himself to the hospital after he was shot in his stomach. Following the fatal shooting of a 27-yearold man this weekend, police appealed to victims to remain calm. The Domingo Heights resident, was discovered lying face down inside his apartment wearing a yel low T-shirt and denim shorts on Saturday evening. According to police, he became the country's 17th murder victim after he resisted two masked armed men who entered his home demanding cash. The robbers were armed with a shotgun and a hand gun. Victims are urged to fully scrutinise their assailant; looking for any scars or markings on their arms, face, and neck, in addition to clothing, height and physical build. Anyone with any information that might assist police investigations should call 911, 919 or call Crime Stoppers anonymously on 328-TIPS (8477 FROM page one FNMs bust up Bran meeting Man dies in hospital in years 18th murder FROM page one PRIME MINISTER Hubert Ingraham (second left S tate for the Environment Phenton Neymour (left sador of the Peoples Republic of China Hu Dingxian (second right) inspect the old naval base site in George Town, Exuma. The site is planned to be the location for the new port in Exuma. DELEGATION MEMBERS and local stakeholders inspect the old naval base site in George Town, Exuma. Eric Rose /BIS CHINESE FIRM SCHEDULED FOR MAJOR CONSTRUCTION WORK IN FAMILY ISLANDS FROM page one

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I NTERNATIONAL NEWS T HE TRIBUNE WEDNESDAY, MARCH 2, 2011, PAGE 11 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM GENEVA Associated Press VIOLENCEand chaos in Libya have triggered an exod us of more than 140,000 r efugees to Tunisia and E gypt, a U.N. official said Tuesday, as aid workers warned the situation at the Tunisian border has reached crisis point. Officials say the situation has been made even more volatile by humanitarian aid w orkers being blocked from r eaching western Libya, patients reportedly being executed in hospitals, or shot by gunmen hiding in ambulances At the Libya-Tunisian border where authorities s ay up to 75,000 people have g athered in just nine days "the situation is reaching cris is point," U.N. refugee a gency spokeswoman Meliss a Fleming warned. S he said 14,000 people fled to Tunisia on Monday and another 15,000 are e xpected to flee Tuesday. The U.N. is setting up e nough tents to hold 12,000 people and plans two more airlifts Thursday to bring int ents and supplies for 10,000 more, but water supplies are precarious," she warned. Italy said late Tuesday after an emergency meeting o n the Libya crisis that it will send a humanitarian mission t o the Tunisian border to assist some 10,000 refugees. In Egypt, authorities said another 69,000 people have fled into the country from Libya in the past 10 days,m ost of them Egyptians who have already been taken to other towns and cities. Thousands of Vietnamese a nd Bangladeshis at the L ibyan side of border with Tunisia are "in urgent need of food, water and shelter," said Jemini Pandya, a spokeswoman for Interna tional Organization for M igration. Nepalese, Ghanaians and Nigerians are also sleeping unprotected at the borders, she added. "With thousands of migrants still awaiting authorization to enter Tunisia, t here is an urgent need to d econgest the border area w hich lacks adequate facilit ies to host large numbers o f people," IOM's Tunisia m ission chief Marc Petzold said. IOM officials say many thousands of people are also stranded at Libya's Benghazi port in cold weather and with scant supplies of f ood. The organization said it is trying to arrange evacu ation for those people by boat to Alexandria in Egypt. T housands of Vietnamese, Egyptians, Indians, Turks, Tunisians, Chinese and Thai laborers are streaminga cross the border at Ras Adjir, in Tunisia lugging mattresses, blankets, over-s tuffed duffel bags and suit c ases on wheels. Some recount memories of being subjected to mock executions as they knelt in front of t he Libyan army, or of hiding in the desert while awaiting rescue. Fleeing workers were also b eing targeted by opponents o f Gadhafi, mistaking them for mercenaries allegedly being used to quash ther ebellion that has swept through large parts of the country, said aid officials speaking on condition ofa nonymity for fear of reprisals. The Libyan embassy in Vienna which has turned i ts back on Gadhafi, as has other delegations in New York and Geneva described the "repressiona nd premeditated murder of t he Libyan population" as "terrible and indescribable." Embassy staff issued a s tatement urging Gadhafi to "summon his courage and make public an immediate and determined decision inw hich he meets the demands of the people to resign to prevent more bloodshed." Fleming said refugees h ave described people being targeted and killed, and other said they were trapped, threatened and hunted. Others tell us about f orced evictions and attacks on their homes," she said International Committee o f the Red Cross spokes woman Anna Newton said ambulances and hospitals were being "misused" inw ays that threatened the lives of people trapped in the unrest. She said her organization w as trying to prevent "credible" but unspecified reports of an undetermined number of patients being executedi n Libyan hospitals. G erman Foreign Minister Guido Westerwelle on Tuesday urged the U.N. appoints omeone to coordinate efforts in Libya, and serve as the face of the international community there." We need a U.N. special envoy to and for Libya," he told reporters. E GYPTIAN WORKERS w ho crossed the Tunisian border react to a photographer after fleeing Libya on the Libya-Tunisia border in Ras Ajdir, Tunisia, Tuesday, March 1 2011. U.N. refugee agency spokeswoman Melissa Fleming said Tuesday the situation is reaching crisis point at t he Libya-Tunisia border where authorities say up to 75,000 people have fled Libya since Feb. 20. The Placard reads: Egyptian people are in T unisia. What our national embassy is doing for us?. (AP UN: Libyan refugee crisis tops 140,000 A BANGLADESHI w orker who h as been trying to leave Libya for over six days, walks near the water as he waits at the port in the eastern city of Benghazi, Libya, on Tuesday. (AP BERLIN Associated Press GERMANY'S popular defense minister resigned Tuesday amid a deepening scandal over plagiarism allegations that threatened to become a liability for Chancellor Angela Merkel's conservatives in upcoming regional elections. Karl-Theodor zu Guttenberg announced his decision days after Bayreuth University revoked his doc toral title. It said he had violated academic standards in his thesis by failing to sufficiently credit some of his sources. Guttenberg, who initially called the allegations "absurd," later admitted "grave mistakes" but denied having deliberately deceived anyone. Merkel stood by him for nearly two weeks after the allegations emerged, arguing that they had no bearing on his work as defense minister. However, a steady drip of allegations kept the scandal going, and Gut tenberg said it threatened to over shadow policy issues such as a majoro verhaul of the German military and troops' mission in Afghanistan. "It is the most painful step of my life," Guttenberg said as he announced his resignation at his ministry. "I am drawing the consequences that I have and would have demanded of others." "Like others, I have to stand by my weaknesses and mistakes," Gutten berg said. "I will gladly concede to my opponents that I was appointed not to be the self-defense minister, but the defense minister." Guttenberg submitted his doctoral thesis in 2007, five years after becoming a conservative lawmaker. German media reported late Tuesday he would also give up his seat in parliament. Guttenberg's office was not immediately reachable for comment. Merkel said she accepted "with a heavy heart" the resignation of the 39year-old, long rated Germany's most popular politician. Guttenberg "is a person with outstanding political talent, with an excep tional ability to reach people's hearts and enthuse them for politics," she said. Still, his departure may actually do her a favor, with six of 16 Germany's states due to hold regional elections this year. Three of those votes come in late March; one, in the southwestern state of Baden-Wuerttemberg, offers a tough test for Merkel's center-right coalition. Although Guttenberg still inspired a degree of public sympathy, "he would have damaged his party if he hadn't resigned" and the scandal had dragged on, said Manfred Guellner, the head of the Forsa polling agency. Guttenberg is a member of the Christian Social Union, the Bavariaonly sister party to Merkel's Christ ian Democratic Union. The CSU itself doesn't face voters this year, but Gut tenberg had been expected to campaign for Merkel's party. Guttenberg became the rising star of Germany's center-right after being thrust into Merkel's Cabinet two years ago as economy minister. He built a reputation as a plain-speaking man of action in that job and then, after Germany's 2009 election, as defense minister. In recent months, he pushed through a plan to end conscription part of an effort to slim down the Ger man military and make it better adapted to an era in which it faces growing demands to deploy overseas. The chancellor said her government would carry through the "indispensable" reforms. Merkel said it was too early to name a successor but a decision will be made "shortly." She added that Guttenberg's CSU has the right to nominate the new minister if it chooses to. Germans appeared to agree it was time for Guttenberg to go. "I think it's a pity because he was a good minister," said Monika Schmid, from Wangen in his home state of Bavaria. "At the end of the day, however, it was right because you just can't do that, plagiarize a thesis." The resignation was "the logical consequence" of his actions, Berlin accountant Christiane Rost said. "But basically, this step has come a bit too late." The opposition berated Merkel for clinging to Guttenberg even amid a growing outcry from the academic world. Merkel "has embarrassed herself, her credibility is damaged and she has damaged the reputation of politics," said Thomas Oppermann, a senior lawmaker with the center-left Social Democrats. Oskar Niedermayer, a political sci ence professor at Berlin's Free Uni versity, said Merkel did herself few favors by trying to separate Gutten berg's activities as a politician and academic, since the allegations went to the heart of the credibility on which he built his political career. Still, he said he doesn't see "serious negative effects for her in the long term." Merkel held out hope of an eventual comeback for Guttenberg, who said he is committed to clearing up questions that remain over his dissertation. "I am convinced that we will, in whatever form, have the opportunity to work together in the future," she said. For now, though, it's unclear whether he will seek to return. "I was always ready to fight, but I have reached the limits of my strength," Guttenberg said as he ended his resignation statement. GERMAN DEFENCE MINISTER Karl-Theodor zu Guttenberg attending a debate at the German federal parliament in Berlin, Germany, recently. Germany's most popular minister resigned Tuesday, March 1, 2011 over allegations of a plagiarized doctoral thesis. (AP German minister quits amid plagiarism scandal GERMAN CHANCELLOR Angela Merkel, centre, types a text message on her cell phone as she visits the Cebit tech fair in Hanover, northern Germany, Tuesday. (AP

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I NTERNATIONAL NEWS P AGE 12, WEDNESDAY, MARCH 2, 2011 THE TRIBUNE N ASSA U AND BAHAMA ISLANDS LEADING NEWSPAPER TEHRAN, Iran Associated Press POLICEin Tehran used tear gas and b atons Tuesday to disperse anti-government protesters demanding the release of opposition leaders, with several people arrested in the biggest street clashes in Iran's capital in more than two weeks, witnesses and opposition websites said. Protesters rallied at several points in the c apital, chanting "Death to the dictator" and u rging authorities to free Mir Hossein Mousavi and Mahdi Karroubi, whose family a nd supporters claim are now under full-time detention, according to kaleme.com. Witnesses said riot police charged on prot esters in central Tehran to try to scatter c rowds. Some police took swipes at cars w hose drivers were believed to be honking their horns in support of the demonstrators. F amily members and opposition activists s ay the two leaders have been moved from house arrest to a Tehran prison along with their wives. Iranian authorities deny the reports, but the two opposition leaders have not been seen in public or have posted statements on their websites in more than a week. Crackdown M ousavi and Karroubi were put under h ouse arrest after they called for a Feb. 14 protest rally, the largest in more than a yearf ollowing a relentless crackdown by Iranian a uthorities. Clashes between protesters and security forces during the demonstrations killed twoand wounded dozens. The opposition movement dispirited and in disarray just a month ago has been revived by inspiration from the Arab world's p olitical revolts and the reports of the detent ions of Karroubi and Mousavi, who claims he was rightful winner of 2009 election and that President Mahmoud Ahmadinejad was re-e lected through massive vote fraud. B oth Mousavi and Karroubi who also ran in the June 2009 election have been under increasing pressure from authorities who crushed street protests by their support e rs. The protests that swept Iran after the disputed election grew into a larger movemento pposed to Iran's ruling system. Hundreds of thousands peacefully took to the streets, but a heavy security crackdown crushed the protests. I ran's leadership has rejected calls by hardl iners to bring the two to trial on anti-state charges, fearing that it could serve as a rally i ng point for the beleaguered opposition's s upporters. The current claims about their detentions, however, could also help to re-energize oppo sition forces. Questions Foreign Ministry spokesman Ramin Mehmanparast said Iran will not respond to i nternational questions about the whereabouts of the two, adding that the country considers the matter a "completely domestic" affair. The semiofficial news agency ISNA quoted state prosecutor Gholam Hossein Mohseni Ejehei as saying the two were not detained but did not elaborate. On Monday, he said authorities have cut all outside contact with them as part of a campaign to silence dissent. However, the opposition and their relatives said they are being held in a military garrison in Tehran. There has been no independent confirma tion of their location. White House spokesman Jay Carney told reporters Monday: "We obviously find the detention of opposition leaders to be unacceptable and we call on them to be treatedwell and released." Mehmanparast denounced outside pressures to clarify the status of the two opposi tion figures. "The internal issues of our country are completely domestic and no country is and will be allowed to interfere in the internal affairs of our country," he told reporters. Mehmanparast said any "issues relating to" Mousavi and Karroubi "will be dealt in the framework of law by judicial authorities." REPORTS SAY IRAN USED TEAR GAS TO DISPERSE PROTESTERS M IAMI Associated Press A judge on Tuesday ordered t he body of former Venezue lan President Carlos Andres Perez temporarily placed in a F lorida tomb to allow more time to settle a dispute between his estranged wife and his longtime companion over h is final burial site. Circuit Judge Arthur Rothenberg cited a duty to h ave the body interred more than two months after Perez's Dec. 25 death in Miami at age8 8. Rothenberg said criminal charges have been brought in other states when a body remains unburied for such al ong time. "One must add the overriding concern for the dignity of C arlos Andres Perez that he be treated with honor and respect, as much in death as inl ife," Rothenberg wrote. The order won't take effect immediately, providing time for possible review by Flori da's 3rd District Court of Appeal. Perez's estranged wife, Blanca Rodriguez de Perez, objected to the tempo rary entombment because it would make an open-casket funeral impossible. Rothenberg's order indicated that may not matter, because it appears the case could drag into the summer, "well beyond the most optimistic testimony regarding intact preservation of earthly remains, even those which have been embalmed and kept refrigerated." One daughter of Perez and his estranged wife in Caracas, Venezuela, said her family wants a final burial decision soon and will discuss with attorneys whether to appeal moving her father's body froma funeral home refrigeration unit to the temporary crypt. "What we want is for my father's remains to rest in peace," Carolina Perez Rodriguez told The Associated Press by telephone, speaking in Spanish. "They aren't going to rest because moving him to a crypt now, only to move him later on to another crypt or to a coffin ... It's better to leave him there." One of two daughters of Perez and his companion, Cecilia Matos, said her family was pleased with the ruling. "The dignity of our father should be the priority," Cecilia Perez Matos said. As the surviving spouse, Rodriguez de Perez contends she has the right under Florida law to take her husband's body back to Venezuela, where Perez was president from 197479 and from 1989-93. Matos contends that Perez adamantly opposed burial in Venezuela as long as his bitter political enemy Hugo Chavez remained president and that the couple had bought two crypts for U.S. burial. The order Tuesday says that placing Perez's body in an aboveground tomb for now will give neither side an advan tage in the ultimate outcome and will prevent a rush to judg ment. "The issues can be fully explored by the parties and presented in a tranquil environment, free of haste which so often results in error," Rothenberg wrote. Trial of the feud is currently scheduled to begin March 21, but Rothenberg plans to set a new date after conferring with both sides. The judge last month appointed a curator to inventory assets, historical items, papers, artwork and comput er files Perez had in Miami. Rodriguez de Perez's attorney, Juan Antunez, accused the Matos side of moving items to a warehouse in an effort to hide them. The Matos side, meanwhile, contended that the items were moved for safekeeping and to guard against possible theft by Venezuelan agents. Perez had a mixed record in Venezuela, popular in his first term for a period of prosperity after he nationalized the country's oil industry. Perez's popularity plunged in his second term as he backed economic austerity programs that included hiking subsidized gasoline prices. Anger among the poor boiled over in 1989 riots that left hundreds dead. Perez survived two coup attempts in 1992, the first led by Chavez, then a young army lieutenant colonel. I N THIS DEC. 29, 2010 FILE PHOTO, C ecilia Victoria Perez, second from left, and Maria Francia Perez, third from left, daughters of the former Venezuelan president Carlos Andres Perez, sit with with Cecilia Matos, left, during the funeral mass for Perez at the St. Thomas the Apostle Church in Miami.A judge suggested anew Friday Feb. 18, 2011, placing the body of the former Venezuelan President in a crypt temporarily to allow more time to settle a family dispute over his final resting place. (AP Judge: temporary tomb for ex-Venezuelan president J UDGE ARTHUR ROTHENBERG left, listens to Juan C. Antunez, right, attorney for Blanca Rodrguez de Perez, estranged wife of Carlos Andres Perez, in Miami, yesterday. His estranged wife and longtime mistress Cecilia Matos have been arguing since he died Dec. 25 about where to bury him. His estranged wife wants his body brought back to Venezuela. His mistress wants him buried in Miami. A new dispute has erupted in Florida over former Venezuelan President Carlos Andres Perez's assets. Now they're arguing about what has happened to his papers, art and memorabilia. His estranged wife's attorney says the items are being hidden. But attorneys for the mistress claim they are being stored for safekeeping. (AP

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SECTIONB business@tribunemedia.net WEDNESDAY, MARCH 2, 2011 THETRIBUNE $4. 68 $4. 51 $4. 69The information contained is from a third party and The Tribune can not be held responsible for errors and/or omission from the daily report.$ $4.72 $4.72 $4.72 BAHAMASNassau:242.356.9801 Freeport:242.351.3010BARBADOSSt.Michael:246.435.1955 [Learn more at royaldelity.com] By NEIL HARTNELL T ribune Business Editor Robin Hoods president y esterday said he was prepared to listen to mergers a nd acquisitions proposals from City Markets principal, Mark Finlayson, ande ntertain consolidation between the two food retailers if it makes financial sense for us. Agreeing that Mr Finl ayson was right on the button in terms of the need for consolidation in the Bahamian food retail industry, Sandy Schaefer told TribuneB usiness it would be fool ish not to hear out any proposals he submitted in case they proved attractive. Asked whether he would listen to any offers submitted by Mr Finlayson to acquire Robin Hood and/or merge it with City Markets, Mr Schaefer responded: Of course, if it makes sense. I think his strategy the idea of consolidation makes sense. There are too many players in the field and you need R OBIN HOOD OPEN T O CIT Y MARKETS CONSOLIDATION TALKS Retailers principal not opposed to merger and acquisition possibilities if it makes financial sense for us* Agrees that Mark Finlayson right on the button with food retail consolidation strategy Warns: There are too many players in the field and you need to find economies of scale to survive SEE page 4B By NEIL HARTNELL Tribune Business Editor AML Foods yesterday said it will continue with its sharebuy back initiative to arrest any downward trend in its stock price and mop up undervalued shares that come on to the market, its chairman adding that the recently withAML Foods to continue sharebuy back plan DIONISIO DAGUILAR Food retail group pledges to halt any downward trend in stock and mop up undervalued shares coming on to market* Chairman said hostile bid has made all Bahamian public companies more aware of shareholder relations/management SEE page 4B By ALISON LOWE Business Reporter alowe@tribunemedia.net The Arawak Port Development Company (APD begun its search for Bahamian contractors to design and build the planned inland terminal to house imported break bulk goods, a project its chief executive yesterday said is estimated to cost $12 million. This latest stage of the work r equired to complete the A rawak Cay port comes as $12m Port facilitys year-end open goal n Arawak Development firm seeking design/build solution for Gladstone Rd break bulk location in 4-6 weeks n Port marine works 50% complete, with $20m of construction b udget spent n Upland work on $2 million warehouse now started n $30m private placement to happen by year-end; no word on IPO SEE page 3B By NEIL HARTNELL Tribune Business Editor C able & Wireless Communications (CWC ther develop the Bahamas Telecommunications Companys (BTCi nfrastructure outside the Bahamas, such as the cable syst em link to Haiti, via the Bahamian telecoms provider and not one of its other Caribbean subsidiaries, Tribune Business was told yesterday. J ulian Francis, BTCs executive chairman and a leading CWCs noncompete clause on BTC cables Development of existing fibre optic infrastructure, such as Haiti cable, must happen under BTC banner and not other CWC affiliates Former BTC chief claimsc ompany lost first option on $12m Cuba cable and $30m Haiti wireless build-out after2 007 election Says his strategy involved expanding BTC beyond four walls of Bahamas and competing in Caribbean SEE page 2B B y ALISON LOWE Business Reporter a lowe@tribunemedia.net Canadian energy giant, Emera, will travel to Abaco next week to assess the potent ial for creating a power cable link between the island andG rand Bahama, where it owns an 80.4 per cent stake in the G rand Bahama Power Compa n y, creating energy synergies for the wider Bahamas. I t will also gather informa tion to help make a decision on whether it will take up the Gov ernments invitation to get involved in the urgently r equired upgrade of the transmission line from the Wilson GB POWER OWNER T O ASSESS ABACO ELECTRIC CABLE LINK Emera invited to help with urgent upgrade of 60 MW power line from new plant to Marsh Harbour BEC investing $560k to upgrade existing plant as precaution SEE page 3B By ALISON LOWE B usiness Reporter alowe@tribunemedia.net Cable and Wireless Communications (CWC t hat its acquisition of the 51 per cent majority stake in BTC is the best outcome for The Bahamas, contrary to suggestions by the Progressive Liberal Party (PLP deals opponents need to look forward, not back, and that uncertainty about BTCs future serves no one. A CWC spokesperson told Tribune Business, in response to enquiries about the companys view of claims by PLP leader Perry Christie that his party would aggressively renegotiate the deal with CWC if elected, that the the telecommunications p rovider hopes to move forward successfully in partnership with the Bahamian government. In late January, Mr Christie said the PLP believes the sale of BTC to CWC is repugnant to the national interest. He saidt he party did not believe the company iwass a trustworthy, reli able and capable strategic partner, and called on the Government not to move forward with its plan to sell 51 per cent of Look forward, not back, BTC buyer tells PLP and the unions Says deal is best outcome for Bahamas, and warns uncertainty over BTC future will help no one SEE page 2B HOLDINGTHELINE: I n this file photo Jimmy Mosko, chairman of the Arawak Cay Port Development Company, holds a rope with Prime Minister Hubert Ingraham at the site at Arawak Cay.

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O ne major aspect ofe ffective and i nfluential c ommunication is the sound o f your voice. If you think this is trivial, imagine how you feel about doing business with a company whose customer service person s ounds as if they are talking a t you instead of to you. Or have you ever met a salesp erson who sounded so disingenuous you just didnt w ant to buy from him/her? T he way you sound can give people a gut feeling about you. Communication researcher, Bert Decker, says the brain in divided into two parts called the First Brain and the New Brain.T he First Brain is the gatekeeper and focuses on the voice and facial expressions. Once emotional trust isg ained, the New Brain processes words and logic. Your voice is made up of t one, inflection, volume and other components that cont ribute to your delivery. In phone conversations, 84 per cent of the messager eceived by the listener is determined not by the w ords you say, but by the quality of your voice and how you are able to makey our listener feel. Your voice can convey c onfidence or the lack thereof. Your tone can make y our listener see you as concerned and authentic, or indifferent and contrived.A ll the right words are useless if your delivery does not help you to connect withy our listener. Many people are disadvantaged by negative speech patterns that detract from the way they sound. High pitch, monotone, too loud, too soft, slurred, mumbled,n asal or whiny voices may diminish the message and how they want to be per-c eived. If you think you exhibit a n onflattering trait, with a little work, getting the best sound out of your voice is as kill that can be learned. NB: Kim Welcome is c hief executive of Influential Voice. A communicat ion trainer and coach, she assists businesses and individuals to achieve their goals through helping them to develop deliberate, skillful, p olished communication skills. For more info www.influentialvoice.com BUSINESS PAGE 2B, WEDNESDAY, MARCH 2, 2011 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM K IM W ELCOME TALKING TIPS m ember of the Government-appointed privatisation committee that played a key role in negotiating the sale of a 51 per cent stake in the state-owned incumbent to CWC, said the agreement stipulated that the purchaser could not compete with BTCs existing overseas infrastructure via its other regional operating units. T his was designed, he explained, to ensure that BTC maximised the potential profits from its existing fibre optic cable link to Haitia nd other potential expansions, with all net income from these ventures retained by the Bahamian company. BTC does have infrastructure in Haiti, Mr Francis told Tribune Business. It was destroyed a year ago by the earthquake, but has since been restored. It does have a communications relationship with TelcoHaiti, which is now owned by a Vietnamese carrier. That [the fibre optic cable] is something that does not exist, and the Government in negotiations with Cable & Wireless insisted thatC able & Wireless recognise the existence of this infrastructure that exists outside the Bahamas. Cable & Wireless agreed not to enter i nto competition with it. If it intends to develop that infrastructure further, it has to be done under the BTC banner. Mr Francis was commenting after former BTC president and chief executive, Leon Williams, who has steadfastly opposed the G overnment over the current privatisation and CWC deal, last week said the 2007 change in government and return to power of t he Ingraham administration placed a number of BTC expansion plans on hold. A ddressing the Rotary Club of western New Providence on why the CWC deal should be halted, Mr Williams said his vision for BTC had been to expand beyond the Bahamas borders and compete in the Caribbean, in particular through the development of fibre optic cable links to Haiti and Cuba. O nce BTCs $6 million fibre optic cable to Haiti went live, Mr Williams said, the Bahamian telecommunications provider was g iven the first option/right of refusal to construct a $30 million GSM and DSL wireless infrastructure in Haiti that would have provide d cellular/GSM services. The former chief executive said that if BTC had achieved just 10 p er cent cellular market penetration in Haiti, it would have 800,000 subscribers, generating profitable returns and creating Bahamian jobs in New Providence, through providing back haul services to such traffic. Opportunity However, the opportunity was never taken up, and Mr Williams suggested the folly of this decision was exposed by the success aggressive Caribbean-based cellular provider, Digicel, had subsequently enjoyed in that market. Digicel went into Haiti, and in the first three months it had 500,000 subscribers, Mr Williams said. In the first year, it had 1.6 million subscribers. Digicel now has 2.6 million customers in the poorest, but largest, country in the region. In addition, Mr Williams also alleged that BTC had the first right of refusal to build a fibre optic cable infrastructure connecting Bimini to Matanzas in Cuba, but this project also never materialised. BTC sources confirmed yesterday to Tribune Business that this project had been on the drawing board, and agreed with Mr Williams $12.6 million cost estimate. Arguing that Bahamians were not thinking out of the box, Mr Williams pointed to Cable Bahamas and its former controlling shareholder, Columbus Communications, who had gone south and, via the ARCOS cable network, had developed a self-healing fibre optic ring linking countries in the Caribbean, Central and South America, with the US. The Bahamas is a small market for them [Cable/Columbus]. My vision was to get enough money in the bank accounts to get beyond the four walls of the Bahamas, Mr Williams said, noting the untapped potential presented by the 11 million and 10 million strong populations, respectively, of Cuba and Haiti on this nations doorstep. We have 20 million people a close ride away. We have a market to exploit. For CWC, what do you think theyre going to do? Theyre going to exploit the cable to Haiti. That is precisely what CWC intends to do, for its business plan for BTC states: We will seek to maximise the revenue opportunities of the Bahamas-Haiti link for the Bahamas business. But high-level BTC sources, speaking to Tribune Business on condition of anonymity, yesterday said it was not clear whether the change in government in 2007 resulted in the Haiti/Cuba plans being put on hold, as Mr Williams had claimed. In the case of the $30 million Haiti expansion, one source said: There were a lot of issues involved in that. They added that apart from the unstable political and security situation in that country, with Haitis government changing around that time, BTC also had licensing and capital expenditure costs to deal with. It was definitely something on the table that could have hap pened, but required a little more study and work. It was high level and something that was being looked at, the source said. As for the Cuba cable, the same source confirmed: That was in the planning phase. It was definitely a project that was being worked on. CWCs non-compete clause on BTC cables F ROM page 1B Voicing your best delivery the state-owned entity. If the FNM administration proceeds against the advice of the PLP and sells to Cable and Wireless, we put Cable and Wireless on notice of our central position that the sale to Cable and Wireless is not in the national interest, and when we return to Government we will re-examine all of the provisions of the deal and we will aggressively renegotiate the terms of the agreement that we deem repugnant to the national interest," Mr Christie said. We do not believe that it (Cable and Wireless reliable and capable strategic partner for the Bahamas and BTC. We call on the Government to cease and desist in pursuing the sale as they have announced it. I n response, CWC said it saw the proposed sale of 51 per cent of BTC to the company as the best outcome for the business and the Bahamas. BTC needs to prepare for competition and develop the services it provides it is time to look forward, not back. CWC is a globalt elecoms operator with strong experience of guiding businesses through liberalisation. What the staff and customers of BTC need most of all is certainty, and were committed to delivering that. Uncertainty about BTC's future will help no one. We are f ocused on completing the transaction with the Government, and moving forward successfully in partnership, said the spokesperson. Asked about CWCs position on providing entrepreneurial opportunities for the hundreds of Bahamians currently acting as t op-up phone card vendors, the spokesperson added: "If the transaction is successful our plan is to revise BTC's top up distribution s trategy focusing more on small businesses and sole traders. The plan is to extend entrepreneurialopportunitiesto more individua ls and businesses." As for the increased competitive threat provided by a merged Cable Bahamas/Systems Resource Group (SRG s pokesperson said: "We respect the competition. Our plan is to prepare BTC to operate in a liberalised market. We believe that the b uying power of Cable & Wireless Communications will help keep our prices competitive." FROM page 1B Look forward, not back, BTC buyer tells PLP and the unions JULIAN FRANCIS Share your news T he Tribune wants to hear fr om people who ar e making news in their neighbourhoods. Perhaps y ou are raising funds for a good cause, c ampaigning for improvements in the area or have won an award. If so, call us on 322-1986 and shar e your stor y

PAGE 15

O ne major aspect ofe ffective and i nfluential c ommunication is the sound o f your voice. If you think this is trivial, imagine how you feel about doing business with a company whose customer service person s ounds as if they are talking a t you instead of to you. Or have you ever met a salesp erson who sounded so disingenuous you just didnt w ant to buy from him/her? T he way you sound can give people a gut feeling about you. Communication researcher, Bert Decker, says the brain in divided into two parts called the First Brain and the New Brain.T he First Brain is the gatekeeper and focuses on the voice and facial expressions. Once emotional trust isg ained, the New Brain processes words and logic. Your voice is made up of t one, inflection, volume and other components that cont ribute to your delivery. In phone conversations, 84 per cent of the messager eceived by the listener is determined not by the w ords you say, but by the quality of your voice and how you are able to makey our listener feel. Your voice can convey c onfidence or the lack thereof. Your tone can make y our listener see you as concerned and authentic, or indifferent and contrived.A ll the right words are useless if your delivery does not help you to connect withy our listener. Many people are disadvantaged by negative speech patterns that detract from the way they sound. High pitch, monotone, too loud, too soft, slurred, mumbled,n asal or whiny voices may diminish the message and how they want to be per-c eived. If you think you exhibit a n onflattering trait, with a little work, getting the best sound out of your voice is as kill that can be learned. NB: Kim Welcome is c hief executive of Influential Voice. A communicat ion trainer and coach, she assists businesses and individuals to achieve their goals through helping them to develop deliberate, skillful, p olished communication skills. For more info www.influentialvoice.com BUSINESS PAGE 2B, WEDNESDAY, MARCH 2, 2011 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM K IM W ELCOME TALKING TIPS m ember of the Government-appointed privatisation committee that played a key role in negotiating the sale of a 51 per cent stake in the state-owned incumbent to CWC, said the agreement stipulated that the purchaser could not compete with BTCs existing overseas infrastructure via its other regional operating units. T his was designed, he explained, to ensure that BTC maximised the potential profits from its existing fibre optic cable link to Haitia nd other potential expansions, with all net income from these ventures retained by the Bahamian company. BTC does have infrastructure in Haiti, Mr Francis told Tribune Business. It was destroyed a year ago by the earthquake, but has since been restored. It does have a communications relationship with TelcoHaiti, which is now owned by a Vietnamese carrier. That [the fibre optic cable] is something that does not exist, and the Government in negotiations with Cable & Wireless insisted thatC able & Wireless recognise the existence of this infrastructure that exists outside the Bahamas. Cable & Wireless agreed not to enter i nto competition with it. If it intends to develop that infrastructure further, it has to be done under the BTC banner. Mr Francis was commenting after former BTC president and chief executive, Leon Williams, who has steadfastly opposed the G overnment over the current privatisation and CWC deal, last week said the 2007 change in government and return to power of t he Ingraham administration placed a number of BTC expansion plans on hold. A ddressing the Rotary Club of western New Providence on why the CWC deal should be halted, Mr Williams said his vision for BTC had been to expand beyond the Bahamas borders and compete in the Caribbean, in particular through the development of fibre optic cable links to Haiti and Cuba. O nce BTCs $6 million fibre optic cable to Haiti went live, Mr Williams said, the Bahamian telecommunications provider was g iven the first option/right of refusal to construct a $30 million GSM and DSL wireless infrastructure in Haiti that would have provide d cellular/GSM services. The former chief executive said that if BTC had achieved just 10 p er cent cellular market penetration in Haiti, it would have 800,000 subscribers, generating profitable returns and creating Bahamian jobs in New Providence, through providing back haul services to such traffic. Opportunity However, the opportunity was never taken up, and Mr Williams suggested the folly of this decision was exposed by the success aggressive Caribbean-based cellular provider, Digicel, had subsequently enjoyed in that market. Digicel went into Haiti, and in the first three months it had 500,000 subscribers, Mr Williams said. In the first year, it had 1.6 million subscribers. Digicel now has 2.6 million customers in the poorest, but largest, country in the region. In addition, Mr Williams also alleged that BTC had the first right of refusal to build a fibre optic cable infrastructure connecting Bimini to Matanzas in Cuba, but this project also never materialised. BTC sources confirmed yesterday to Tribune Business that this project had been on the drawing board, and agreed with Mr Williams $12.6 million cost estimate. Arguing that Bahamians were not thinking out of the box, Mr Williams pointed to Cable Bahamas and its former controlling shareholder, Columbus Communications, who had gone south and, via the ARCOS cable network, had developed a self-healing fibre optic ring linking countries in the Caribbean, Central and South America, with the US. The Bahamas is a small market for them [Cable/Columbus]. My vision was to get enough money in the bank accounts to get beyond the four walls of the Bahamas, Mr Williams said, noting the untapped potential presented by the 11 million and 10 million strong populations, respectively, of Cuba and Haiti on this nations doorstep. We have 20 million people a close ride away. We have a market to exploit. For CWC, what do you think theyre going to do? Theyre going to exploit the cable to Haiti. That is precisely what CWC intends to do, for its business plan for BTC states: We will seek to maximise the revenue opportunities of the Bahamas-Haiti link for the Bahamas business. But high-level BTC sources, speaking to Tribune Business on condition of anonymity, yesterday said it was not clear whether the change in government in 2007 resulted in the Haiti/Cuba plans being put on hold, as Mr Williams had claimed. In the case of the $30 million Haiti expansion, one source said: There were a lot of issues involved in that. They added that apart from the unstable political and security situation in that country, with Haitis government changing around that time, BTC also had licensing and capital expenditure costs to deal with. It was definitely something on the table that could have hap pened, but required a little more study and work. It was high level and something that was being looked at, the source said. As for the Cuba cable, the same source confirmed: That was in the planning phase. It was definitely a project that was being worked on. CWCs non-compete clause on BTC cables F ROM page 1B Voicing your best delivery the state-owned entity. If the FNM administration proceeds against the advice of the PLP and sells to Cable and Wireless, we put Cable and Wireless on notice of our central position that the sale to Cable and Wireless is not in the national interest, and when we return to Government we will re-examine all of the provisions of the deal and we will aggressively renegotiate the terms of the agreement that we deem repugnant to the national interest," Mr Christie said. We do not believe that it (Cable and Wireless reliable and capable strategic partner for the Bahamas and BTC. We call on the Government to cease and desist in pursuing the sale as they have announced it. I n response, CWC said it saw the proposed sale of 51 per cent of BTC to the company as the best outcome for the business and the Bahamas. BTC needs to prepare for competition and develop the services it provides it is time to look forward, not back. CWC is a globalt elecoms operator with strong experience of guiding businesses through liberalisation. What the staff and customers of BTC need most of all is certainty, and were committed to delivering that. Uncertainty about BTC's future will help no one. We are f ocused on completing the transaction with the Government, and moving forward successfully in partnership, said the spokesperson. Asked about CWCs position on providing entrepreneurial opportunities for the hundreds of Bahamians currently acting as t op-up phone card vendors, the spokesperson added: "If the transaction is successful our plan is to revise BTC's top up distribution s trategy focusing more on small businesses and sole traders. The plan is to extend entrepreneurialopportunitiesto more individua ls and businesses." As for the increased competitive threat provided by a merged Cable Bahamas/Systems Resource Group (SRG s pokesperson said: "We respect the competition. Our plan is to prepare BTC to operate in a liberalised market. We believe that the b uying power of Cable & Wireless Communications will help keep our prices competitive." FROM page 1B Look forward, not back, BTC buyer tells PLP and the unions JULIAN FRANCIS Share your news T he Tribune wants to hear fr om people who ar e making news in their neighbourhoods. Perhaps y ou are raising funds for a good cause, c ampaigning for improvements in the area or have won an award. If so, call us on 322-1986 and shar e your stor y

PAGE 16

Interval International has agreed to be a Bronze Sponsor of the First Annual Global Networking Expo, GNEX 2011, an event targeted at the timeshare industry and which is being held at Paradise Islands Atlantis resort. It is a privilege to be the keynote speaker at this inaugural event that will bring together shared ownership professionals from so many countries, said Craig M. Nash, chairman, president and chief executive officer of Interval Leisure Group, parent company of Interval International. GNEX 2011 and the Perspective Magazine Awards Gala will be held on May 1112, 2011, at the Atlantis Resort on Paradise Island. The new global networking expo will allow delegates to exchange ideas and business opportunities with colleagues from around the world. The two-day event will feature an exhibitor hall with creative workshops, networking sessions and areas for one-onone meetings, so business can be conducted. The expo will also include a welcome reception, open networking time and the Perspective Magazine Awards Gala dinner, where industry nominees will vie for the coveted title of Best In The World I nterval International provides services to all aspects of vacation ownership, including traditional timesharing, points-based programs, fractional resorts, condo hotels and private residence clubs. We are delighted to welcome Interval International as a sponsor of GNEX 2011, and look forward to not only their participation as a global industry leader, but also from their local presence in each of the four main regions that our publications represent, said Paul Mattimoe, president a nd chief executive, Perspective Media. Sponsors and supporters of GNEX 2011 include: The Absolute World Group, Dial an Exchange, Resort Television, Yucatan Holidays, Citadel Trustees, Connex, First American Title Insurance Company, Interval International, LeisureLink, Max Generation, RCI, FirstN ational Trustee Company, Alternative Ownership Conference Asia Pacific (AOCAP share & Holiday Ownership Council (ATHOC an Resort Development Association (CRDA erative Association of Resort Exchangers (CARE Asociacin Mexicana de Desarrolladores Tursticos (AMDETUR tional Interest Conference, Resort Development Organisation (RDO Ownership Association ofS outhern Africa (VOASA American Airlines, Avis Rent A Car and Christel House International as Charity of Choice. Perspective Media produces Owners Perspective Magazine, an independent consumer publication that specialises in promoting the benefits of buying shared ownership products to the general public. BUSINESS THE TRIBUNE WEDNESDAY, MARCH 2, 2011, PAGE 3B TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM 1 2 7 & ( B BBBBBBBBBB*2$/*/2%$/))6+25($66(76/,0,7('B BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB 1 2 7 & ( ,6 +(5(%<*,9(1 DVIROORZV *2$/*/2%$/))6+25($66(76 / ,0,7(' LV LQ GLVVROXWLRQXQGHUWKH S URYLVLRQVRIWKH,QWHUQDWLRQDO%XVLQHVV &RPSDQLHV 7KHGLVVROXWLRQRIWKHVDLG&RPSDQ\ FRPPHQFHGRQWKH W KGD\RI )HEUXDU\ ZKHQLWV$UWLFOHVRI'LVVROXWLRQZHUH V XEPLWWHGWRDQGUHJLVWHUHGE\WKHHJLVWUDU *HQHUDO 7KH/LTXLGDWRURIWKHVDLG&RPSDQ\LV 'U 0LFKDHO*UDEKHU RI +HLOLJNUHX] /, 9DGX]/LHFKWHQVWHLQ WK GD\RI)HEUXDU\+ t &25325$7((59,&(6/7' 5HJLVWHUHG$JHQW IRUWKHDERYHQDPHG&RPSDQ\ City power plant to Marsh Harbour, BECs chairman, Michael Moss, said yesterday. T he Government/BEC, and g eneral contractors Man Diesel, have been accused of overlooking the upgrade to the transmission line, which is n eeded to enable Marsh Harbour to get the full benefits from the newly-constructed Wilson City plants enhanced p ower supply. T he business community in Abaco has been particularly concerned that without the line, the island will again experience t he disastrous power outages that further stymied the tourism-dependent economy last summer during already tryi ng times. I n January, the minister with responsibility for the rnvironment, Earl Deveaux, told a town meeting in Marsh Harb our that the matter is a priority for the Government, and said the contract to upgrade the l ine from one which is presently able to carry 14-16 megawatts (MW megawatts of power, would be shortly put out to tender. P resident of the Abaco Chamber of Commerce,M ichael Albury, said he felt more satisfied after the meeting t hat focused attention was being brought to bear on the situation. Mr Moss told Tribune Business yesterday that hea pproached Emera to see if they would be interested ina ssisting BEC with the timely completion of the line. I have asked them if they have the kind of resources to h elp us get it in the shortest possible time. We have installed 48 mw of generation at Wilson City. The line from Wilson City to Marsh Harbour, where the b ulk of the Abaco load exists, can only carry a load of around 1 4-16 MW, so were in process of upgrading that line to 60 M W. We would like to get that line completed before summer peak comes up, he said. Mr Moss said that rather than participating in the actual c onstruction of the line, he envisages that Emera could p rovide some kind of project management resources. I f the transmission line is not ready in time to allow for Wil son City to feed the high summer power demand of Abaco, primarily in Marsh Harbour, t hen the power supply will need to be supplemented from the o ld Marsh Harbour power plant until the line is complete. I t is for this reason that BEC is shortly set to spend just over$500,000 to overhaul three generation units at the Marsh Harbour plant, thus avoiding e mbarrassment should the delayed transmission line not b e ready by the time the typi cally high summer electricity d emand comes around. The upgrade of the units to a condition in which they would be able to provide a more reli able power supply than they have in the past it was the failure of generation at the Marsh Harbour plant that, among other things, precipitated the deci sion to develop the Wilson City plant is anticipated to take around 60 days once it begins on Monday. That would mean the units, two 4.4 MW units and a 2.5 MW unit, would be ready for use again in May. Mr Moss said the estimated $560,000 cost of upgrading the old units would not be considered a waste, since it is likely they will be redeployed else where by BEC once Wilson City takes over full responsibility for supplying Abacos power demands. We want to make sure we do not face the embarrassment of last year, so we are makingsure they are as reliable as possible and that the (Marsh Har bour) plant is in tip top shape in case its called upon, said Mr Moss. In the meantime, reliability tests on the last two 12 megawatt generation units at Wilson City will take place between March 3-10. Part of Emeras interest in exploring the possibility of linking Abaco and Grand Bahama via a submarine power cable is to allow for either island to sup plement the other should shortfalls in generation occur in the future, said Mr Moss. The company remains inter ested in potentially taking on a more substantial role as an operational manager or, eventually, an owner of a privatised BEC. It submitted a proposal in this regard last December, but no further developments have taken place in this regard, Tri-bune Business understands. GB POWER OWNER TO ASSESS ABACO ELECTRIC CABLE LINK FROM page 1B marine works associated with the project are now 50 per cent complete, with upland work at the Arawak Cay site, including the construction of a $2 million, 25,000 square foot warehouse, beginning several weeks ago. Marine works have consisted primarily of dredging to accommodate ships coming into the port, the bulk head at which these ships will dock, and the nearby apron or flat surface area where containers will be offloaded. Over 28 per cent, or $20 million, of the $70 million ear marked for the port, on which construction began in summer 2010, has now been spent. Mike Maura, chief executive of APD Ltd, the public-pri vate entity behind the development, said he was very pleased with progress on the port, which will allow for the relocation of container shipping facilities from downtown Bay Street. He added that he was particularly happy with the fact that stakeholders were able to come together to facilitate the relocation of the Betty K shipping operation away from its burnt out former Bay Street home to Arawak Cay last week, more than two months ahead of the scheduled date for this to happen. That took a lot of effort in terms of current operators on Arawak Cay, and a tremendous effort on the part of the Betty K family. (TheDepartment mental, said Mr Maura. Terminal The inland terminal is to be built at a 15-acre site on Gladstone Road by a Bahamian contractor, with local contractors only being asked to apply. It is to be a 100,000 square foot facility that will house so-called less than container load goods those which are in a container with goods destined for a variety of importers rather than one. Around 25 per cent of all con tainers brought into the country come in the less than container load category. Mr Maura said: That stripping of the goods will then be performed at Gladstone Road, rather than on Bay Street as it is today. There will be a number of tenants there with different sized areas to lease, depending on their volume of cargo. Customers would go out to Gladstone Road, or their Customs agent would go and present their paper work, and then they would be provided with their freight. The Gladstone Road site makes sense not only because it will allow for a reduction of shipping-related congestion on Bay Street, where such offloading and housing of goods currently takes place, but also because the commercial centre of the island has shifted with more activity now taking place away from Bay Street, Palmdale and the historic centres of commerce, in locations such as Carmichael Road. APD Ltd expects to shortlist a number of contractors who would be capable of designing and building the facility, before allowing them to provide their design/build solution for the project within the next four to six weeks. The goal is that by the end of the year a substantial portion of the facility wouldve been constructed, so that we can get at least a portion of it operational. We do not anticipate everything being completed until about February 2012, but if we can accomplish what we hope to by the end of year will be in pretty good shape, said Mr Maura of the Gladstone Road termi nal. A $30 million private placement, which will allow APD Ltd to pay off the $30 million bridge loan facility that was required to finance construction, after it obtained $20 million from its 20 private stakeholders and $20 million from the Government, is still anticipated to take place by year-end. The decision on when the Initial Public Offering of 20 per cent of the shares in the Arawak Cay port to the public will take place is one to be made by the Government, Mr Maura noted. He said that no further indication has been given on when this offering might take place. $12m Port facilitys year-end open goal FROM page 1B Interval to sponsor Atlantis conference CONFERENCE: Atlantis in Paradise Island.

PAGE 17

Interval International has agreed to be a Bronze Sponsor of the First Annual Global Networking Expo, GNEX 2011, an event targeted at the timeshare industry and which is being held at Paradise Islands Atlantis resort. It is a privilege to be the keynote speaker at this inaugural event that will bring together shared ownership professionals from so many countries, said Craig M. Nash, chairman, president and chief executive officer of Interval Leisure Group, parent company of Interval International. GNEX 2011 and the Perspective Magazine Awards Gala will be held on May 1112, 2011, at the Atlantis Resort on Paradise Island. The new global networking expo will allow delegates to exchange ideas and business opportunities with colleagues from around the world. The two-day event will feature an exhibitor hall with creative workshops, networking sessions and areas for one-onone meetings, so business can be conducted. The expo will also include a welcome reception, open networking time and the Perspective Magazine Awards Gala dinner, where industry nominees will vie for the coveted title of Best In The World I nterval International provides services to all aspects of vacation ownership, including traditional timesharing, points-based programs, fractional resorts, condo hotels and private residence clubs. We are delighted to welcome Interval International as a sponsor of GNEX 2011, and look forward to not only their participation as a global industry leader, but also from their local presence in each of the four main regions that our publications represent, said Paul Mattimoe, president a nd chief executive, Perspective Media. Sponsors and supporters of GNEX 2011 include: The Absolute World Group, Dial an Exchange, Resort Television, Yucatan Holidays, Citadel Trustees, Connex, First American Title Insurance Company, Interval International, LeisureLink, Max Generation, RCI, FirstN ational Trustee Company, Alternative Ownership Conference Asia Pacific (AOCAP share & Holiday Ownership Council (ATHOC an Resort Development Association (CRDA erative Association of Resort Exchangers (CARE Asociacin Mexicana de Desarrolladores Tursticos (AMDETUR tional Interest Conference, Resort Development Organisation (RDO Ownership Association ofS outhern Africa (VOASA American Airlines, Avis Rent A Car and Christel House International as Charity of Choice. Perspective Media produces Owners Perspective Magazine, an independent consumer publication that specialises in promoting the benefits of buying shared ownership products to the general public. BUSINESS THE TRIBUNE WEDNESDAY, MARCH 2, 2011, PAGE 3B TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM 1 2 7 & ( B BBBBBBBBBB*2$/*/2%$/))6+25($66(76/,0,7('B BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB 1 2 7 & ( ,6 +(5(%<*,9(1 DVIROORZV *2$/*/2%$/))6+25($66(76 / ,0,7(' LV LQ GLVVROXWLRQXQGHUWKH S URYLVLRQVRIWKH,QWHUQDWLRQDO%XVLQHVV &RPSDQLHV 7KHGLVVROXWLRQRIWKHVDLG&RPSDQ\ FRPPHQFHGRQWKH W KGD\RI )HEUXDU\ ZKHQLWV$UWLFOHVRI'LVVROXWLRQZHUH V XEPLWWHGWRDQGUHJLVWHUHGE\WKHHJLVWUDU *HQHUDO 7KH/LTXLGDWRURIWKHVDLG&RPSDQ\LV 'U 0LFKDHO*UDEKHU RI +HLOLJNUHX] /, 9DGX]/LHFKWHQVWHLQ WK GD\RI)HEUXDU\+ t &25325$7((59,&(6/7' 5HJLVWHUHG$JHQW IRUWKHDERYHQDPHG&RPSDQ\ City power plant to Marsh Harbour, BECs chairman, Michael Moss, said yesterday. T he Government/BEC, and g eneral contractors Man Diesel, have been accused of overlooking the upgrade to the transmission line, which is n eeded to enable Marsh Harbour to get the full benefits from the newly-constructed Wilson City plants enhanced p ower supply. T he business community in Abaco has been particularly concerned that without the line, the island will again experience t he disastrous power outages that further stymied the tourism-dependent economy last summer during already tryi ng times. I n January, the minister with responsibility for the rnvironment, Earl Deveaux, told a town meeting in Marsh Harb our that the matter is a priority for the Government, and said the contract to upgrade the l ine from one which is presently able to carry 14-16 megawatts (MW megawatts of power, would be shortly put out to tender. P resident of the Abaco Chamber of Commerce,M ichael Albury, said he felt more satisfied after the meeting t hat focused attention was being brought to bear on the situation. Mr Moss told Tribune Business yesterday that hea pproached Emera to see if they would be interested ina ssisting BEC with the timely completion of the line. I have asked them if they have the kind of resources to h elp us get it in the shortest possible time. We have installed 48 mw of generation at Wilson City. The line from Wilson City to Marsh Harbour, where the b ulk of the Abaco load exists, can only carry a load of around 1 4-16 MW, so were in process of upgrading that line to 60 M W. We would like to get that line completed before summer peak comes up, he said. Mr Moss said that rather than participating in the actual c onstruction of the line, he envisages that Emera could p rovide some kind of project management resources. I f the transmission line is not ready in time to allow for Wil son City to feed the high summer power demand of Abaco, primarily in Marsh Harbour, t hen the power supply will need to be supplemented from the o ld Marsh Harbour power plant until the line is complete. I t is for this reason that BEC is shortly set to spend just over$500,000 to overhaul three generation units at the Marsh Harbour plant, thus avoiding e mbarrassment should the delayed transmission line not b e ready by the time the typi cally high summer electricity d emand comes around. The upgrade of the units to a condition in which they would be able to provide a more reli able power supply than they have in the past it was the failure of generation at the Marsh Harbour plant that, among other things, precipitated the deci sion to develop the Wilson City plant is anticipated to take around 60 days once it begins on Monday. That would mean the units, two 4.4 MW units and a 2.5 MW unit, would be ready for use again in May. Mr Moss said the estimated $560,000 cost of upgrading the old units would not be considered a waste, since it is likely they will be redeployed else where by BEC once Wilson City takes over full responsibility for supplying Abacos power demands. We want to make sure we do not face the embarrassment of last year, so we are makingsure they are as reliable as possible and that the (Marsh Har bour) plant is in tip top shape in case its called upon, said Mr Moss. In the meantime, reliability tests on the last two 12 megawatt generation units at Wilson City will take place between March 3-10. Part of Emeras interest in exploring the possibility of linking Abaco and Grand Bahama via a submarine power cable is to allow for either island to sup plement the other should shortfalls in generation occur in the future, said Mr Moss. The company remains inter ested in potentially taking on a more substantial role as an operational manager or, eventually, an owner of a privatised BEC. It submitted a proposal in this regard last December, but no further developments have taken place in this regard, Tri-bune Business understands. GB POWER OWNER TO ASSESS ABACO ELECTRIC CABLE LINK FROM page 1B marine works associated with the project are now 50 per cent complete, with upland work at the Arawak Cay site, including the construction of a $2 million, 25,000 square foot warehouse, beginning several weeks ago. Marine works have consisted primarily of dredging to accommodate ships coming into the port, the bulk head at which these ships will dock, and the nearby apron or flat surface area where containers will be offloaded. Over 28 per cent, or $20 million, of the $70 million ear marked for the port, on which construction began in summer 2010, has now been spent. Mike Maura, chief executive of APD Ltd, the public-pri vate entity behind the development, said he was very pleased with progress on the port, which will allow for the relocation of container shipping facilities from downtown Bay Street. He added that he was particularly happy with the fact that stakeholders were able to come together to facilitate the relocation of the Betty K shipping operation away from its burnt out former Bay Street home to Arawak Cay last week, more than two months ahead of the scheduled date for this to happen. That took a lot of effort in terms of current operators on Arawak Cay, and a tremendous effort on the part of the Betty K family. (TheDepartment mental, said Mr Maura. Terminal The inland terminal is to be built at a 15-acre site on Gladstone Road by a Bahamian contractor, with local contractors only being asked to apply. It is to be a 100,000 square foot facility that will house so-called less than container load goods those which are in a container with goods destined for a variety of importers rather than one. Around 25 per cent of all con tainers brought into the country come in the less than container load category. Mr Maura said: That stripping of the goods will then be performed at Gladstone Road, rather than on Bay Street as it is today. There will be a number of tenants there with different sized areas to lease, depending on their volume of cargo. Customers would go out to Gladstone Road, or their Customs agent would go and present their paper work, and then they would be provided with their freight. The Gladstone Road site makes sense not only because it will allow for a reduction of shipping-related congestion on Bay Street, where such offloading and housing of goods currently takes place, but also because the commercial centre of the island has shifted with more activity now taking place away from Bay Street, Palmdale and the historic centres of commerce, in locations such as Carmichael Road. APD Ltd expects to shortlist a number of contractors who would be capable of designing and building the facility, before allowing them to provide their design/build solution for the project within the next four to six weeks. The goal is that by the end of the year a substantial portion of the facility wouldve been constructed, so that we can get at least a portion of it operational. We do not anticipate everything being completed until about February 2012, but if we can accomplish what we hope to by the end of year will be in pretty good shape, said Mr Maura of the Gladstone Road termi nal. A $30 million private placement, which will allow APD Ltd to pay off the $30 million bridge loan facility that was required to finance construction, after it obtained $20 million from its 20 private stakeholders and $20 million from the Government, is still anticipated to take place by year-end. The decision on when the Initial Public Offering of 20 per cent of the shares in the Arawak Cay port to the public will take place is one to be made by the Government, Mr Maura noted. He said that no further indication has been given on when this offering might take place. $12m Port facilitys year-end open goal FROM page 1B Interval to sponsor Atlantis conference CONFERENCE: Atlantis in Paradise Island.

PAGE 18

BUSINESS PAGE 4B, WEDNESDAY, MARCH 2, 2011 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM 1 27,&( ,17(51$7,21$/%86,1(66&203$1,(6 $ &7 /LTXLGDWRUVWDWHPHQW 3XUVXDQWWRHFWLRQfRI 7 KH ,QWHUQDWLRQDO%XVLQHVV&RPSDQLHV$FW *HRUJH&OLIIRUG&XOPHU/LTXLGDWRURI 32:%5,'*(3257)2/,2+(5(%< &(57,)< WKDW WKHZLQGXSDQGGLVVROXWLRQRI 3 2:%5,'*(3257)2/,2 KDV EHHQ FRPSOHWHGLQDFFRUGDQFHZLWKWKH$UWLFOHVRI LVVROXWLRQ DWHGWKLVVW GD\RIDU (25*(&/,))25'&8/0(5 t o find economies of scale to survive. Im open to anything from anyone that makes money. If it makes financial sense for us, it would be foolish not to consider it. You keep an open mind, listen to these things, and if it makes sense, move forward. When youre in business, you dont fall in love with business. Youre in business to make money, and what you do with that money is your choice. Its good to give back to the community, though. In disclosing the withdrawal of his $12 million hostile takeover bid to acquire a majority 51 per cent stake inr ival retailer AML Foods, Mr Finlayson told Tribune Business at the weekend that the Associated Bahamian Distillers and Brewers (ABDABo pen talks with both Phils Food Services and Robin Hood, and see if there were mergers and acquisition possibilities there. Phils did $41 million in sales last year. Thats impressive in 13 months. Ive never seen Sandys [Robin Hood] numbers, but hes said $26 million, and I dont think that was upt o the close of the year, Mr Finlayson said. Mr Schaefers response yesterday indicates that doors a re still open for Mr Finlayson to pursue his food retail consolidation strategy. Indeed, he previously told Tribune Business that exploratory talks were held with both RobinH ood and Phils Food Services last year, although nothing came of them then. M r Finlayson, though, may have more difficulty in making headway with Phils Food Services. Standalone W hen Tribune Business revealed details of his preliminary approach to both parties, Phils principal, Philip Lightbourne responded adamantly: I am having no conversationsw ith anyone. I am in no talks with Trans-Island Traders, Robin Hood, nobody. I'm a standalone. I'm a guy who s tands alone to give service to the Bahamian people. Phil's Food Services will remain Phil's Food Services. I think they're [Mr Finlayson] really trying to get AML Foodst o bite, so they figured they'd use my name and Sandy Schaefer's name. No one's talking to me and there will be not alks. I'm in no talks with anybody. Meanwhile, Mr Schaefer, backing Mr Finlaysons strateg y, told Tribune Business yesterday: Certain things at some point become inevitable. You have a finite population, and as more and more players come on to the field, the pieg ets cut into smaller and smaller slices. At some point, consolidation makes sense, because you eliminate players from the field. You can exploit economies of scale, you can exploit shipping. There are so many advan tages to working together than working apart from each oth e r. Its common sense to listen. Despite fighting tooth and nail to ensure Mr Finlaysons hostile takeover offer was defeated, AML Foods chairman, Dionisio DAguilar, also agreed that consolidation in the Bahamian food retail industry was essential, as there weret oo many retailers with too much product chasing too few customers. Markets shares and profits are under pressure, especially g iven that the recession has reduced disposable incomes and shrunk household food budgets. There are a lot of people entering the market. Where Mr Finlayson was right and very astute was that this market is becoming very crowded, and you have to thinkv ery hard about where and when you build a new loca tion, Mr DAguilar said earlier this week. The population is very static, and spending on food is not increasing much. Youre just taking that pie and splitting it more each year. ROBIN HOOD OPEN TO CITY MARKETS CONSOLIDATION TALKS F ROM page 1B drawn hostile takeover offer had awoken all Bahamian public companies to the need to maintain close relationships with their shareholders. Praising the Securities Commission for removing the BISX-listed food retail groups share suspension so rapidly, Dionisio DAguilar said Mark Finlaysons $12 million hostile bid for a 51p er cent stake in the company had paved the way for similar offers in the future, and educated Bahamian investors on how the process should proceed in future. And the $1.50 per share bid, apart from helping to dri-ve AML Foods share price h igher, had also concentrated shareholder minds on the food retail groups fundamentals and what its true value is, Mr DAguilar added. think well continue, he said of AML Foods share buy back plan, announced inJ anuary in what many suspect was a Board/management response to indications that a hostile offer was coming, with the intention of bolstering the share price. We felt that our shares were undervalued. One thing this hostile offer has done ist hat it has added value to our shares. They will not budge from $1.50 for a while, Mr DAguilar said. AML Foods share price is currently $1.04 on BISX, butwhen it comes to Open Orders, all four of them are Buys at prices ranging from yesterdays market close to $1.07 per share. Ultimately, Mr DAguilar said AML Foods investors did not want to sell at the price offered by Mr Finlayson, the hostile bidder having previously offered $1.86 per share to some of the companys larger shareholders. However, Tribune Business understands that some of AML Foods major investors were holding out for as high as $3 per share. It caused people to look at the fundamentals and see what the share value is, the AML Foods chairman told this newspaper. Should there be any downward trend in the price, we will definitely step in and mop up, and ensure that it doesnt become unreasonably low, unrealistically low. We will ensure that the share price is not driven by people making quick sales to realise cash to take care of personal affairs. Recalling the events of the past month, the hostile takeover having been publicly announced on January 31, Mr DAguilar told Tribune Business: Mr Finlayson has paved the way for the future, giving people an indication of how it [hostile takeovers] work, and has probably made public companies awaken more to shareholder relations and management. We have so many shareholders [1,357], and so manys hares, that the one thing that became very evident in this exercise was that AML has a truly diverse number of shareholders, and no one or two shareholders has a controlling interest. Youd have to get the top 10-15 shareholders to get close to 51 per cent. It still doesnt take away from the fact that we have to work on shareholder value, which is whats driven by fundamentals. Describing the Securities Commissions suspension oft rading in AML Foods shares last week as a minor inconvenience, being implemented to maintain an orderly securities market, Mr DAguilar praised Mr Finlayson for paving the way for trading to resume by the prompt formal announcement of his bids withdrawal. Im amazed theyve moved so quickly, he said of the Securities Commission. I thought it would take much longer than that, but Im always amazed when government departments move in haste. It was the right deci sion, made in a timely manner, so we move on. There was no reason for them to keep it suspended. Asked about the impact the share suspension had on AML Foods investors, Mr DAguilar told Tribune Business: I think the share suspension was a mild inconvenience, because it did not go on for long. Had it been longer, it would have been a major inconvenience to shareholders because they would not have been able to trade their shares. But I applaud Mr Finlayson. Having decided to withdraw his tender offer, he was expeditious in telling everyone, allowing the status quo to resume. Once he knew his decision, he did not linger on for an inordinate amount of time, which we appreciate. Joining Mr Finlayson in pointing out that comments the two had made during the p eriod the hostile takeover w as live were nothing pers onal, the AML Foods chairm an said: Both of us are e ducated enough to realise t hat whats said in the heat of t he moment is just that. There are no hard feelings, s o I look forward to breaking b read with him at some point in the near future. Im glad its all over, and thank everyone for their support. I wish everyone, including Mr Finlayson, best wishes for their future endeavours. It was an interesting experience, but now I can get back to where I belong, running Superwash. AML Foods to continue share buy back plan F ROM page 1B MARK FINLAYSON W ASHINGTON American International Group Inc. said Tuesday it is taking another step toward repaying the government's $182 billion bailout package. The company has reached an agreement with MetLife Inc. to sell more than 78 million MetLife common shares, and it also agreed to sell another 40 million equity units of MetLife valued at $3 billion. AIG received the securities as part of the $16.2 billion sale of its American Life Insurance Co. subsidiary to MetLife last November. MetLife paid $7.2 billion in cash and the rest in securities for ALICO. MetLife has agreed to allow AIG to sell the securities earlier than planned. AIG initially promised to hold the securities for at least nine months. MetLife also said Tuesday that it plans to sell 68.6 million shares in a public offering. It will use proceeds from the sale to repurchase preferred convertible securities owned by AIG. Those securities could be converted to 68.6 million common shares. MetLife will then cancel the securities, rather than convert them. The government still owns about 90 percent of AIG's shares, which it received in January in return for $47.5 billion in taxpayer aid. Depending on how the shares perform, the government could make a profit on the bailout after it sells the shares. The Treasury Department is expected to start selling its shares this month. AIG, MetLife reach agreement on share sales

PAGE 19

BUSINESS PAGE 4B, WEDNESDAY, MARCH 2, 2011 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM 1 27,&( ,17(51$7,21$/%86,1(66&203$1,(6 $ &7 /LTXLGDWRUVWDWHPHQW 3XUVXDQWWRHFWLRQfRI 7 KH ,QWHUQDWLRQDO%XVLQHVV&RPSDQLHV$FW *HRUJH&OLIIRUG&XOPHU/LTXLGDWRURI 32:%5,'*(3257)2/,2+(5(%< &(57,)< WKDW WKHZLQGXSDQGGLVVROXWLRQRI 3 2:%5,'*(3257)2/,2 KDV EHHQ FRPSOHWHGLQDFFRUGDQFHZLWKWKH$UWLFOHVRI LVVROXWLRQ DWHGWKLVVW GD\RIDU (25*(&/,))25'&8/0(5 t o find economies of scale to survive. Im open to anything from anyone that makes money. If it makes financial sense for us, it would be foolish not to consider it. You keep an open mind, listen to these things, and if it makes sense, move forward. When youre in business, you dont fall in love with business. Youre in business to make money, and what you do with that money is your choice. Its good to give back to the community, though. In disclosing the withdrawal of his $12 million hostile takeover bid to acquire a majority 51 per cent stake inr ival retailer AML Foods, Mr Finlayson told Tribune Business at the weekend that the Associated Bahamian Distillers and Brewers (ABDABo pen talks with both Phils Food Services and Robin Hood, and see if there were mergers and acquisition possibilities there. Phils did $41 million in sales last year. Thats impressive in 13 months. Ive never seen Sandys [Robin Hood] numbers, but hes said $26 million, and I dont think that was upt o the close of the year, Mr Finlayson said. Mr Schaefers response yesterday indicates that doors a re still open for Mr Finlayson to pursue his food retail consolidation strategy. Indeed, he previously told Tribune Business that exploratory talks were held with both RobinH ood and Phils Food Services last year, although nothing came of them then. M r Finlayson, though, may have more difficulty in making headway with Phils Food Services. Standalone W hen Tribune Business revealed details of his preliminary approach to both parties, Phils principal, Philip Lightbourne responded adamantly: I am having no conversationsw ith anyone. I am in no talks with Trans-Island Traders, Robin Hood, nobody. I'm a standalone. I'm a guy who s tands alone to give service to the Bahamian people. Phil's Food Services will remain Phil's Food Services. I think they're [Mr Finlayson] really trying to get AML Foodst o bite, so they figured they'd use my name and Sandy Schaefer's name. No one's talking to me and there will be not alks. I'm in no talks with anybody. Meanwhile, Mr Schaefer, backing Mr Finlaysons strateg y, told Tribune Business yesterday: Certain things at some point become inevitable. You have a finite population, and as more and more players come on to the field, the pieg ets cut into smaller and smaller slices. At some point, consolidation makes sense, because you eliminate players from the field. You can exploit economies of scale, you can exploit shipping. There are so many advan tages to working together than working apart from each oth e r. Its common sense to listen. Despite fighting tooth and nail to ensure Mr Finlaysons hostile takeover offer was defeated, AML Foods chairman, Dionisio DAguilar, also agreed that consolidation in the Bahamian food retail industry was essential, as there weret oo many retailers with too much product chasing too few customers. Markets shares and profits are under pressure, especially g iven that the recession has reduced disposable incomes and shrunk household food budgets. There are a lot of people entering the market. Where Mr Finlayson was right and very astute was that this market is becoming very crowded, and you have to thinkv ery hard about where and when you build a new loca tion, Mr DAguilar said earlier this week. The population is very static, and spending on food is not increasing much. Youre just taking that pie and splitting it more each year. ROBIN HOOD OPEN TO CITY MARKETS CONSOLIDATION TALKS F ROM page 1B drawn hostile takeover offer had awoken all Bahamian public companies to the need to maintain close relationships with their shareholders. Praising the Securities Commission for removing the BISX-listed food retail groups share suspension so rapidly, Dionisio DAguilar said Mark Finlaysons $12 million hostile bid for a 51p er cent stake in the company had paved the way for similar offers in the future, and educated Bahamian investors on how the process should proceed in future. And the $1.50 per share bid, apart from helping to dri-ve AML Foods share price h igher, had also concentrated shareholder minds on the food retail groups fundamentals and what its true value is, Mr DAguilar added. think well continue, he said of AML Foods share buy back plan, announced inJ anuary in what many suspect was a Board/management response to indications that a hostile offer was coming, with the intention of bolstering the share price. We felt that our shares were undervalued. One thing this hostile offer has done ist hat it has added value to our shares. They will not budge from $1.50 for a while, Mr DAguilar said. AML Foods share price is currently $1.04 on BISX, butwhen it comes to Open Orders, all four of them are Buys at prices ranging from yesterdays market close to $1.07 per share. Ultimately, Mr DAguilar said AML Foods investors did not want to sell at the price offered by Mr Finlayson, the hostile bidder having previously offered $1.86 per share to some of the companys larger shareholders. However, Tribune Business understands that some of AML Foods major investors were holding out for as high as $3 per share. It caused people to look at the fundamentals and see what the share value is, the AML Foods chairman told this newspaper. Should there be any downward trend in the price, we will definitely step in and mop up, and ensure that it doesnt become unreasonably low, unrealistically low. We will ensure that the share price is not driven by people making quick sales to realise cash to take care of personal affairs. Recalling the events of the past month, the hostile takeover having been publicly announced on January 31, Mr DAguilar told Tribune Business: Mr Finlayson has paved the way for the future, giving people an indication of how it [hostile takeovers] work, and has probably made public companies awaken more to shareholder relations and management. We have so many shareholders [1,357], and so manys hares, that the one thing that became very evident in this exercise was that AML has a truly diverse number of shareholders, and no one or two shareholders has a controlling interest. Youd have to get the top 10-15 shareholders to get close to 51 per cent. It still doesnt take away from the fact that we have to work on shareholder value, which is whats driven by fundamentals. Describing the Securities Commissions suspension oft rading in AML Foods shares last week as a minor inconvenience, being implemented to maintain an orderly securities market, Mr DAguilar praised Mr Finlayson for paving the way for trading to resume by the prompt formal announcement of his bids withdrawal. Im amazed theyve moved so quickly, he said of the Securities Commission. I thought it would take much longer than that, but Im always amazed when government departments move in haste. It was the right deci sion, made in a timely manner, so we move on. There was no reason for them to keep it suspended. Asked about the impact the share suspension had on AML Foods investors, Mr DAguilar told Tribune Business: I think the share suspension was a mild inconvenience, because it did not go on for long. Had it been longer, it would have been a major inconvenience to shareholders because they would not have been able to trade their shares. But I applaud Mr Finlayson. Having decided to withdraw his tender offer, he was expeditious in telling everyone, allowing the status quo to resume. Once he knew his decision, he did not linger on for an inordinate amount of time, which we appreciate. Joining Mr Finlayson in pointing out that comments the two had made during the p eriod the hostile takeover w as live were nothing pers onal, the AML Foods chairm an said: Both of us are e ducated enough to realise t hat whats said in the heat of t he moment is just that. There are no hard feelings, s o I look forward to breaking b read with him at some point in the near future. Im glad its all over, and thank everyone for their support. I wish everyone, including Mr Finlayson, best wishes for their future endeavours. It was an interesting experience, but now I can get back to where I belong, running Superwash. AML Foods to continue share buy back plan F ROM page 1B MARK FINLAYSON W ASHINGTON American International Group Inc. said Tuesday it is taking another step toward repaying the government's $182 billion bailout package. The company has reached an agreement with MetLife Inc. to sell more than 78 million MetLife common shares, and it also agreed to sell another 40 million equity units of MetLife valued at $3 billion. AIG received the securities as part of the $16.2 billion sale of its American Life Insurance Co. subsidiary to MetLife last November. MetLife paid $7.2 billion in cash and the rest in securities for ALICO. MetLife has agreed to allow AIG to sell the securities earlier than planned. AIG initially promised to hold the securities for at least nine months. MetLife also said Tuesday that it plans to sell 68.6 million shares in a public offering. It will use proceeds from the sale to repurchase preferred convertible securities owned by AIG. Those securities could be converted to 68.6 million common shares. MetLife will then cancel the securities, rather than convert them. The government still owns about 90 percent of AIG's shares, which it received in January in return for $47.5 billion in taxpayer aid. Depending on how the shares perform, the government could make a profit on the bailout after it sells the shares. The Treasury Department is expected to start selling its shares this month. AIG, MetLife reach agreement on share sales

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BUSINESS PAGE 6B, WEDNESDAY, MARCH 2, 2011 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM RWLFHLVKHUHE\JLYHQWKDWLQDFFRUGDQFHZLWK6HFWLRQ RIWKH,QWHUQDWLRQDO%XVLQHVV&RPSDQLHV$FW RI LV LQ 'LVVROXWLRQ 1 RWLFHLVKHUHE\JLYHQWKDWLQDFFRUGDQFHZLWK6HFWLRQ RIWKH,QWHUQDWLRQDO%XVLQHVV&RPSDQLHV$FW RI KDV EHHQGLVVROYHGDQGVWUXFNRIWKH5HJLVWHUDFFRUGLQJ WRWKH&HUWLILFDWHRI'LVVROXWLRQLVVXHGWKH5HJLVWUDU *HQHUDORQWKHWKGD\RI'HFHPEHU n DEE-ANN DURBIN, A P Auto Writers TOM KRISHER, AP Auto Writers DETROIT T he U.S. auto sales recovery picked up steam last month with all major car companies reporting double-digit gains. G eneral Motors Co. led the way with a whopping 49 percent U.S. sales jump compared with February of last year, foll owed closely by Toyota Motor C orp. with a 42 percent gain. Nissan Motor Co. and Honda Motor Co. had gains of 32 percent and 22 percent, whileH yundai Motor Co. sales went up 28 percent. Chrysler Group LLC and Ford Motor Co. showed much s maller increases, but Chrysler s ales were still strong with a 13 p ercent increase and Ford came in at 10 percent. T he companies said Tuesday that consumers snapped up b oth cars and trucks, buoyed by a gradually improving economy, and the U.S. automakers pointed to strong sales of new models. But the sales gains,e specially for GM, were juiced by sweeter financing and lease deals. While analysts weren't ready to declare a price war and GM denied starting one they noted an increase in the d eals customers were offered. The auto industry website T rueCar.com estimated that automakers raised incentives 5 p ercent from January to February to an average of $2,708p er vehicle. Chrysler, Ford, Niss an and Toyota all sweetened deals by more than 6 percentf or the month, the site said. And the industry's enthusiasm for a fast start to 2011 is tempered somewhat by a rapid increase in gas prices, due to b oth increased demand and a jump in oil prices amid unrest i n the Middle East. Also Toyota's gain, while i mpressive, was compared with a bad month last year when a s tring of embarrassing safety r ecalls had reached its peak. Still, the gains for February w ere so strong that Ford's top sales analyst told reporters the sales rate, when adjusted for seasonal differences and projected out for a full year, may be the highest since the government's Cash for Clunkers rebates juiced sales in the summer of 2009. A t GM, Don Johnson, GM's vice president of U.S. sales, said GM boosted incentives early in the year to get off to a fast start and catch competitors off guard. The automaker started the increases in January by raising incentives $400 per vehicle from December, mainly with l ow-interest financing and lease deals in Northeastern states. It stuck with the deals in February, leading to sales of more than 207,000 cars and trucks. But Johnson predicted GM would back off on incentives later in the year. A utomakers have attempted to wean themselves of incent ives, trying to sell cars and trucks based on how much theyi mproved quality, not how m uch they shaved off the sticke r price. I ncentives on average had been falling since the industry r an into financial trouble in 2009. DAVID McHUGH, AP Business Writer FRANKFURT, Germany Markets will watch Thursday's European Central Bank meeting closely for signs the bank is sharpening its warning about inflation a shift in message that could eventually pave the way for interest rates to go up sooner than expected. With the recovery from recession still shaky and the government debt crisis still not solved, however, the bank may want to leave itself as much leeway as possible on just when to start raising rates, even if it decides to issue a sterner inflation statement. Recent public statements from top bank officials have stressed that inflationary pressures are increasing in Europe's economy, as growth picks up in Germany and prices for food, raw materials and oil rise around the world. Sharply higher oil prices due to turmoil in the Arab world have intensified those worries. The question now is whether bank President Jean-Claude Trichet will officially shift the bank's rhetoric from a Feb. 14 assessment that inflation risks are "balanced." If he says the risk is now tilted in the direction of higher inflation following the recent sharp rise in oil prices, markets may have to adjust their expectations for when rates might go up. At the moment, the markets are pricing in the first rate increase toward the end of this year, even though inflation is currently running above the bank's target. The bank has left its key refinancing rate at a record low of 1 percent since May 2009. Speculation There is growing market speculation that the bank may also say something Thursday about how it intends to get Europe's wobbly banks weaned off emergency credits, particularly its unlimited three-month handouts. The ECB has twice indicat-e d it wanted to end that measure, only to back off as Europe's g overnment debt crisis flared. The bank has also had to play a pivotal role in keeping Europe's banking system afloat since the financial crisis exploded in the summer of 2007. With debt crisis panic somewhat in abeyance, despite ongoing pressures in the bond markets, attention Thursday should focus on what Trichet says about inflation in his monthly news conference following the interest rate decision. Bank officials may be hoping that a credible threat they might raise rates will in itself help slow inflationary expectations. Inflation is partly an expectations game as businesses raise prices and workers demand higher wages because they think prices will keep going up dreaded "second-round effects" that can build into a wage-price spiral. So a threat of higher rates, while it can't reduce the price of oil and food commodities over a few weeks or months, could be aimed at preventing spiralling expectations over the long term. "Members of the ECB Council have clarified that the central bank cannot and does not intend to do anything about a tem porary rise in inflation triggered by higher commodity prices," said economist Michael Schubert at Commerzbank. "However, it will pull out all the stops to avoid second-round effects, such as overly high growth in wages." Inflation has recently been running ahead of the bank's fiercely guarded goal of less than but close to 2 percent a year. It hit 2.4 percent in February for the countries that use the euro, up from 2.3 percent in January. Higher oil and food prices have been largely to blame for the recent uptick. Inflation fears have intensified due to the turmoil in the Arab world, where mass protests have toppled longtime rulers in Egypt and Tunisia and led to an uprising against Moammar Ghadafi's rule in Libya. Though the recent interruption in production from Libya can be made up by spare capacity from other oil-producing countries, jitters that Saudi Arabia in particular may face its own uprising sent European benchmark Brent crude close to $120 a barrel last week. On Tuesday, a barrel of Brent remained elevated near $114 a barrel. Central banks typically raise interest rates as economies grow out of recession to prevent inflation. The timing can be tricky because increases that come too soon can stunt the recovery by raising borrowing costs for businesses and consumers. So Trichet may issue a stiffer warning to help deter sec ond-round effects, while keeping the bank's options open on when exactly to start raising rates. That would give him some room to change course and delay rate hikes, if higher oil prices threaten Europe's recovery. "Central bankers know too well that the current inflation is deflationary rather than inflationary," says ING senior economist Carsten Brzeski. "High energy and food prices have the potential to choke off private consumption, preventing the recovery from broadening in 2011." GM leads auto sales jump with 49 percent increase ECB'S TRICHET COULD SHARPEN INFLATION WARNING (AP Photo/Paul Sancya MODELDESIGN: In this Jan. 12, 2011 photo, a third generation T oyota Prius is shown at the North American International Auto Show in Detroit. Toyota Motor Corp. said Tuesday, March 1, 2011, its U.S. sales jumped 42 percent last month, making up for ground lost last year from a series of safety recalls. INTERNATIONAL BUSINESS

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A look at economic developments and activity in m ajor stock markets around the world Tuesday: __ CAIRO An almost 7 percent plunge in Saudi Arabia's stock market and Egypt's decision to further delay the restart of Cairo's e xchange which has already been shuttered for over a month spotlight the impotence of Arab governments in managing the political and economic fallout from the protests engulfing the Mideast. Across the region, governments have pledged billions of dollars i n new assistance for their neediest citizens in a frantic bid to preempt the kind of demonstrations that led to the ouster of Tunisia's president and then his Egyptian counterpart. But the money has failed to appease a population in a region where unemployment is rife, poverty even more pronounced and the majority of the population is below the age of 30. ___ SHANGHAI China's manufacturing boom slowed to a sixm onth low in February as authorities tightened controls on credit to cool inflation and factories eased output, especially of food and textiles. A weeklong holiday for the Lunar New Year was partly to blame, said the state-affiliated China Federation of Logistics and Purchasing, which releases the measure. Despite declining for three months, the reading has remained above 50, the benchmark for expansion, for two straight years. ___ LONDON Renewed jitters in oil markets weighed on European stocks despite a forecast-busting U.S. manufacturing survey and few indications from Federal Reserve Chairman Ben Bernanke that he's willing to back higher interest rates anytime soon. T he FTSE 100 index of leading British shares closed down 1 perc ent, Germany's DAX fell 0.7 percent and the CAC-40 in France ended 1.1 percent lower. __ T OKYO Earlier in Asia, Wall Street's recovery Monday boosted sentiment with most key benchmarks closed higher. J apan's Nikkei 225 stock average closed up 1.2 percent, Hong Kong's Hang Seng ended up 0.3 percent and China's benchmark S hanghai Composite Index rose 0.5 percent. ___ L ONDON The recently agreed tax cuts in the U.S. will help Europe's economic recovery pick up some steam this year despiter ising energy costs and debt troubles in a number of countries that use the euro, the EU's executive said. H owever, inflation is also on the rise amid sky-high oil prices due to the turmoil sweeping across the Middle East and North Africa, t he European Commission warned. In the latest projections, economic growth in 2011 is expected to b e somewhat stronger than anticipated last autumn as Europe's larger exporting nations enjoy better demand from the U.S. ___ FRANKFURT, Germany Germany's central bank gave its b lessing for Chancellor Angela Merkel's former economic adviser, Jens Weidmann, to become its new president. I n his new job, Weidmann will have a seat on the European Cen tral Bank's governing council. W eidmann is replacing Axel Weber, who is stepping down a year before his eight-year term expires. ___ TOKYO Japan's jobless rate held steady in January but con s umer spending fell from a year ago, underscoring the fragility of its economic recovery as a political battle rages over the next n ational budget. ___ TORONTO Canada's central bank left its key interest rate unchanged for the fourth consecutive time, and reiterated that any hikes in the future would have to be carefully considered. The Bank of Canada, which held its benchmark rate at 1 percent, s aid the global recovery is proceeding in line with the bank's projections, but the risks remain elevated. __ M ADRID Spain's finance minister says the country has surp assed its deficit-reduction goal for 2010 even though some regional governments overspent. ___ B ERLIN Germany's unemployment rate dipped to 7.9 percent in February as harsh winter weather eased and Europe's biggest economy kept on creating jobs. ___ ISLAMABAD Pakistan hiked oil prices by 9.9 percent, a m ove that threatens the stability of the fragile, U.S.-allied civilian government at a time of economic turmoil in the impoverishedc ountry. Spikes in international oil market prices spurred by uprisings i n Libya and other parts of North Africa and the Middle East forced the raise in Pakistani prices, said a spokesman for the country's oil regulator. ___ L ONDON Fitch Ratings cut its rating on Libya for the second time in just over a week, citing increasingly chaotic political ande conomic conditions in the oil-rich North African country. The agency reduced its rating on Libya to junk status. __ BRUSSELS The European Union's justice commissioner asked publicly listed companies to appoint more women to corp orate boards and threatened them with imposed quotas if they don't. ___ ABIDJAN, Ivory Coast Ivory Coast's government banned r esidents from filling jerrycans with gas as fears of a shortage grow amid the deepening political crisis. The West African nation is girding itself for shortages and an economic slowdown after sanctions were slapped on the count ry's incumbent leader, Laurent Gbagbo, who is refusing to step down. The European Union has banned ships from docking at Abidjan's port and gas stations are seeing their fuel supplies dwindle. Several gas stations have already closed. ___ BEIJING A top engineer in China's powerful Railway Ministry has been fired amid a widening corruption probe that has already brought down the minister, state media reported. __ BAGHDAD Iraq's oil exports climbed to their highest level in February since the 2003 U.S.-led invasion, boosted by a resumption in exports from the semiautonomous Kurdish regioni n the north, a senior oil official said. The country, which overwhelmingly relies of oil revenues for its budget, also benefited from the spike in higher crude prices triggered by the violent uprising in Libya that has led to a 50 percent c ut in production from that OPEC member. ___ BEIJING The U.S. government labeled China's top search engine, Baidu, and a popular e-commerce platform "notoriousm arkets" linked to sales of pirated and fake goods. T he two companies were among 33 websites or public markets in China, Russia, India and other countries that the U.S. Trade R epresentative's office said facilitate trade in music, clothing and other goods that are fake or unauthorized copies. __ V IENNA Austria's National Bank ordered the freezing of a ssets belonging to Libyan leader Moammar Gadhafi and his entourage in line with EU sanctions. __ G UANGZHOU, China Inflation is one of the biggest concerns for foreign companies operating in booming southern China,a ccording to an annual survey released by a major U.S. business group. Just over half of about 400 member companies polled by the A merican Chamber of Commerce in southern China reported that rising prices would have a negative impact on business this year. BUSINESS THE TRIBUNE WEDNESDAY, MARCH 2, 2011, PAGE 7B TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM 0$1&,1,(17(535,6(6/7' 92/817$5,/
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J EANNINE AVERSA, AP Economics Writer WASHINGTON F ederal Reserve Chairman Ben Bernanke boldly predicted to Congress on Tuesday that rising oil prices will cause only ab rief and modest rise in consumer inflation. If he's wrong, as some lawmakers suggested to him, the r isks are high: a weaker econom y and elevated consumer inflation. Bernanke's credibility is at stake, too. His duties as Fedc hief require a balancing act: Leading the economy to stronger growth while makingsure inflation doesn't rise too h igh. A ppearing before the Senate Banking Committee, Bernanke faced sharp questions a bout whether rising gasoline prices could spread dangerous i nflation through the economy. He said he did not think so. "The most likely outcome is that the recent rise in commodity prices will lead to, atm ost, a temporary and relatively modest increase in U.S.c onsumer price inflation," Bernanke said. S till, persistently higher prices could shake consumer confidence, prompting consumers to reduce spending. And that would weaken thee conomy, he acknowledged. Gas prices jumped over the weekend to a new nationwide a verage of $3.37 a gallon. That's 26.7 cents a gallon more than am onth ago. Food prices in January rose at the fastest since t he fall of 2008. Sen. Patrick Toomey, RP enn., called the rise in commodity prices "stunning."T oomey said he worries about the effects of those higher p rices, combined with the Fed's efforts to boost the economy t hrough a Treasury bond-pur chase program. Toomey said they might be "planting the seeds of serious inflation down the road." B ernanke defended the Fed's $600 billion Treasury bond-buy-i ng program. He said it is still needed to energize the econom y and reduce unemployment, now at 9 percent. The bondbuying program is intended to lower rates on loans and lift stock prices, spurring more s pending and invigorating the economy. The purchases are scheduled to end in June. R epublicans in Congress and some Fed officials say they fear the bond purchases could trigger high inflation and a wave of speculative buying on Wall Street that could lead to new bubbles in the prices of assets like stocks and bonds. "Once price stability has b een lost, it is difficult and very costly to regain," warned Sen. Richard Shelby of Alabama, the panel's top-ranking Republican. Shelby pointed to the toxic situation in the late 1970s and 1980s when inflation hit double digits. To combat out-ofcontrol prices, Fed Chairman P aul Volcker ratcheted up interest rates. Unemployment soared. And the economy fell into a deep recession. Bernanke said the rise in oil a nd global commodities prices w as due to stronger demand from fast-growing countries like C hina, not to the Fed's stimulative policies. But he ran into c oncerns from Democrats as well as Republicans on thec ommittee. "I see food prices rising," s aid Sen. Robert Menendez, DN.J. "I see gas prices rising even before what was happening in North Africa, although that certainly is an exacerbating reality.T uition rates rising... I just see a combination of rising prices fort he average family." One reason the Fed launched t he bond-buying program in November was to prevent deflation a prolonged drop in prices of goods, wages and values of homes and stocks. But B ernanke told lawmakers that the risk of deflation has become" negligible." Political upheaval in the Midd le East has caused oil and gasoline prices to march higher, Bernanke said. Still, the Fed chief said he and a majority of his colleagues say they believe t he situation won't cause outof-control inflation. BUSINESS PAGE 8B, WEDNESDAY, MARCH 2, 2011 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM 52wk-Hi52wk-LowSecurit y Previous CloseToday's CloseChangeDaily Vol.EPS $Div $P/EYield 1.130.95AML Foods Limited1.041.040.000.1230.0408.53.85% 10.639.05Bahamas Property Fund10.6310.630.000.0130.200817.71.88% 5.754.40Bank of Bahamas4.404.400.000.1530.10028.82.27% 0.530.17Benchmark0.180.180.00-0.8770.000N/M0.00% 2.842.70Bahamas Waste2.702.700.000.1680.09016.13.33% 2.201.96Fidelity Bank2.171.96-0.211,0000.0160.040122.52.04% 12.409.44Cable Bahamas10.2110.210.001.0500.3109.73.04% 2.852.35Colina Holdings2.402.400.000.7810.0403.11.67%7 .005.80Commonwealth Bank (S1)6.806.800.004,5000.4880.26013.93.82% 2.861.90Consolidated Water BDRs2.182.11-0.070.1110.04519.02.13% 2.541.40Doctor's Hospital1.401.400.000.1070.11013.17.86% 6.505.25Famguard5.255.250.000.3570.24014.74.57% 9.276.25Finco6.256.250.002,0000.6820.0009.20.00% 11.408.77FirstCaribbean Bank9.399.390.000.4940.35019.03.73% 6.004.57Focol (S)5.485.480.004,5000.4520.16012.12.92% 1.001.00Focol Class B Preference1.001.000.000.0000.000N/M0.00% 5.595.50ICD Utilities7.407.400.000.0120.240616.73.24% 10.509.80J. S. Johnson9.829.820.000.8590.64011.46.52% 10.0010.00Premier Real Estate10.0010.000.001.2070.2008.32.00% 52wk-Hi52wk-LowSecuritySymbolLast SaleChangeDaily Vol. 99.4699.46Bahamas Note 6.95 (2029BAH2999.460.00 100.00100.00Fidelity Bank Note 17 (Series A) +FBB17100.000.00 100.00100.00Fidelity Bank Note 22 (Series B) +FBB22100.000.00 1 00.00100.00Fidelity Bank Note 13 (Series C) +FBB13100.000.00 100.00100.00Fidelity Bank Note 15 (Series D) +FBB15100.000.00 52wk-Hi 52wk-Low Symbol Bid$ Ask$ LastPrice DailyVol EPS$ Div$ P/E Yield BISX LISTED & TRADED SECURITIES AS OF:7% Interest 7%RoyalFidelity Merchant Bank & Trust Ltd. (Over-The-Counter Securities)29 May 2015 W W W.BISXBAHAMAS.COM | TELEPHONE:242-323-2330 | FACSIMILE: 242-323-232019 October 2022 Prime + 1.75% Prime + 1.75% 6.95%20 November 2029TUESDAY, 1 MARCH 2011B ISX ALL SHARE INDEX: CLOSE 1,461.87 | CHG -3.19 | %CHG -0.22 | YTD -37.64 | YTD % -2.51BISX LISTED DEBT SECURITIES (Bonds trade on a Percentage Pricing basis)Maturity 19 October 2017F INDEX: CLOSE 000.00 | YTD 00.00% | 2009 -12.31%30 May 2013 52wk Hi 52wk Low Symbol Bid $ Ask $ Last Price Daily Vol EPS $ Div $ P/E Yield 10.065.01Bahamas SupermarketsN/AN/A14.00-2.9450.000N/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 1.51221.4076CFAL Bond Fund1.51795.51%6.90%1.498004 2.95272.8300CFAL MSI Preferred Fund2.95270.18%1.61%2.918697 1.58371.5141CFAL Money Market Fund1.58370.61%4.59%1.564030 3.20252.8522Royal Fidelity Bahamas G & I Fund2.7049-0.56%-15.54% 13.638813.0484Royal Fidelity Prime Income Fund13.41640.44%-0.10% 114.3684101.6693CFAL Global Bond Fund114.36849.98%12.49%109.392860 106.552899.4177CFAL Global Equity Fund106.55284.75%7.18%100.779540 1.14651.0000FG Financial Preferred Income Fund1.14655.20%5.20% 1.11851.0000FG Financial Growth Fund1.11854.73%4.73% 1.14911.0000FG Financial Diversified Fund1.14915.35%5.35% 9.74859.1005Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 19.79504.85%5.45% 11.236110.0000Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 210.6417-1.20%0.50% 10.12669.1708Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 310.12661.27%1.27% 8.45104.8105Royal Fidelity Int'l Fund Equities Sub Fund8.45100.72%9.95% BISX ALL SHARE INDEX 19 Dec 02 = 1,000.00YIELD last 12 month dividends divided by closing price 52wk-Hi Highest closing price in last 52 weeksBid $ Buying price of Colina and Fidelity 52wk-Low Lowest closing price in last 52 weeksAsk $ Selling price of Colina and fidelity Previous Close Previous day's weighted price for daily volumeLast Price Last traded over-the-counter price Today's Close Current day's weighted price for daily volumeWeekly Vol. Trading volume of the prior week Change Change in closing price from day to dayEPS $ A company's reported earnings per share for the last 12 mths Daily Vol. Number of total shares traded todayNAV Net Asset Value DIV $ Dividends per share paid in the last 12 monthsN/MNot Meaningful P/E Closing price divided by the last 12 month earningsFINDEX 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 7/11/200731-Jan-11BISX Listed Mutual FundsNAV Date 30-Nov-10 31-Dec-10 31-Jan-11CFAL Securities Ltd. (Over-The-Counter Securities)TO TRADE CALL: CFAL 242-502-7010 | ROYALFIDELITY 242-356-7764 | FG CAPITAL MARKETS 242-396-4000 | COLONIAL 242-502-752530-Nov-10 30-Sep-10 31-Jan-11 11-Feb-11 31-Jan-11MARKET TERMS31-Dec-10 NAV 6MTH 1.475244 2.910084 1.545071 107.570619 105.776543 30-Jun-10 31-Dec-10 30-Nov-10 31-Jan-11 5,&$5'2-($1%$37,67( RI0LQQLH6WUHHW31$66$8%$+$0$6 1,66$*('(1$RI 63$1,6+:(//6(/(87+(5$%$+$0$6 + 2//<$/(;$1'5$ :$//$&(RI:(67%$<675((73%2;&% %$+$0$6 JULIE PACE, Associated PressW ASHINGTON The Obama administration cast international trade as an essential element ofe conomic growth and job creation Tuesday, as it tries t o break through partisan wrangling that threatens to d erail a pivotal trade agreement with South Korea. In an annual policy report r eleased by the Office of Trade Representative Ron K irk, the administration said that trading with overseas partners would directly sup-p ort 6,000 jobs in the U.S. for every $1 billion in goods exported and another 4,500 jobs for every $1 billion in serv ice exports. With President Barack Obama's reelection prospects likely to hinge in part on his ability to bring down then ation's unemployment rate, officials say expanding trade agreements will be a top administration priority in 2011. T he White House had hoped to gain bipartisan support for that effort. Republican lawmakers have traditionally backed free t rade agreements, and Obama won rare Republican praise after signing the highly-sought agreement in South Korea in December. T he White House said that agreement would create tens of thousands of jobs. B ut the White House and congressional Republicans are at odds now over how to proceed with the South Korea deal, as well as pending agreements with Colombia and Panama. T he U.S. signed the agreement with Colombia in 2006 and the accords with Panama and South Korea in 2007. But t hey do not go into effect until they are approved by the House and the Senate. Approval The administration wants Congress to give final approval t o the South Korea pact quickly, while it simultaneously works through outstanding issues with Panama and Colombia. But some Republicans argue the smaller trade deals with Colombia and Panama are ready for congressional approval now, and want the White House to send all three to CapitolH ill at the same time. T he leader of the House, Speaker John Boehner, made that case directly to the president during a White House l unch last month. Thus far, the administration is showing little willingness to compromise on its position. In the report released Tuesday,t he administration reiterated its desire for lawmakers to approve the South Korea deal "as soon as possible" while working to resolve outstanding issues with Colombia and Panama by the end of the year. The report cited continuing concerns over Colombia's r ecognition of labor rights and protection of union leaders, and Panama's tax transparency rules. Officials say progress is being made on both agreements. Panamanian officials have met with U.S. counterparts in Washington in recent weeks, including a White House meet i ng with Panama's vice president. U.S. officials have also held meetings on labor issues with Colombian officials. During a trip to Bogota last month, Senate Finance Com mittee Chairman Max Baucus, a Democrat, said that while Colombia has made progress in protecting union leaders from violence, more work remains. "Labor rights must be strengthened, violence must be reduced and the perpetrators of violence must be identified and punished," Baucus said. Kirk is scheduled to testify on all three agreements before the committee next week. Bernanke seeks to ease lawmakers' inflation fears PARTISAN POLITICS THREATEN PENDING US TRADE DEALS (AP Photo/Alex Brandon BOLD PREDICTION: Federal Reserve Chairman Ben Bernanke gives the S emiannual Monetary Policy Report to Congress while testifying on C apitol Hill in Washington, Tuesday, March 1, 2011, before the Senate Banking Committee. INTERNATIONAL BUSINESS

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ENTERT AINMENT THE TRIBUNE WEDNESDA Y MARCH 2, 201 1, P AGE 9B T O DISCUSS ST ORIES ON THIS P A GE LOG ON T O WWW .TRIBUNE242.COM J us t a f e w i m a ge s o f w h a t w e t h e Bah am as l ooked l ike 40 .. .5 0. .6 0. .. years in the past ONE of the Bahamas' best known artists, Brent Malone (1941-2004). In tribute to his groundbreaking Bahamian art, a universal symbol of humanity was dedicated to him at the Blake Road Community Church. The six-ringed stainless steel structure was built by Tyrone Ferguson. Flash Back BY ROLAND ROSE M ARCH is the last month of winter and signals the end of cool weather vegetables like spinach, garden peas and lettuce. The warmer weather, however, gives ideal condi tions for sowing watermelons that will ripen during the hottest months. L a r ge t o m a to e s c an st i l l be s ow n but a better choice would be Ital i a n t y p e p l u m t o m a t o e s l i k e R o m a o r S a n M a r z a n o T h e s e e n d u r e h e a t b e t t e r t h a n m o s t t o m a t o e s a nd c a n t a k e u s i nt o su m m e r T h e l o c a l f a r m e r s a r e a l l growing Big Mama, an enormous hybrid plum tomato that also has excellent flavour. A s a g e n er a l ru l e th e sm a l l e r t he l e a f t h e b e t t e r a t o m a t o p l a n t copes with heat. L ike al l ge n eral rules, it i s no t infallible but you will notice that th e to mat oe s th at th r ive in h ea t t h e b e s t a r e v a r i e t i e s o f c h e r r y t o m a t o t h a t u s u a l l y h a v e v e r y small leaves. S we e t pe pp e rs so wn i n l a t e su mmer should survive well into sum mer but tend to produce smaller fruits. Cubanelle and other long pep pe r s t hr i ve i n w ar m con di t i o ns an d c an b e p lante d to au gment yo ur present supply of sweet peppers. Long, l arge hot peppers li ke Anaheim are fairly mild and are good for making chili rellenos. E g g p l a n t s a r e w a r m w e a t h e r l o ve r s a n d s e e d s s o w n n o w w il l give early summer satisfaction. Heading cabbages and broccoli c a n t ak e fa ir ly w a rm c o nd i tio n s b u t c a u li f l o w e r a n d m o s t o t h e r me m bers o f t he ca bbag e cl an te nd to suffer Fenn el i s eas y to grow a n d i s w o r t h c o n s i d e r i n g a s a spring sowing. Mo st o f the flo wer ing an n uals we gr ow d uri ng the wi nt e r m ont hs c a n not e n dure t o o muc h heat so we must turn to heat and drought t ol e ra nt pl a nt s l i k e v i nca s cosm o s, m ar ig o ld s z in n i a s a n d M e x ic a n sunflowers. I f y o u h a v e n o t p r u n e d y o u r f lo w er in g s h r u b s d u r i n g w in t e r now is a good time to get the job done. Spring will bring a burst of new g r o w t h a n d m a k e y o u r s h r u b s b u s h ie r a n d gr e e n er T h e r i s in g sap makes March and April very go od m on th s fo r ta kin g c ut ting s to propagate flowering shrubs. L ar ge r s h r u b s an d s mal l t r ee s a r e be st pr o p a g a t e d by a i r l a y e r i n g B a u h i n i a s o r p o o r m a n s orchid t ree are l osing thei r fl owe r s a n d p r o d u c i n g s e e d p o d s W h e n t he p o ds a r e dr y a n d m a t ur e t h e y c r a c k o p e n v i o l e n t l y a n d t h r o w s e ed s a c o n s id e r a b l e d i s tance. M a r c h s e e s t h e m a g n i f i c e n t bl oomi ng of the coral tree or ti ger claw tree ( Erythrina i n dica) that bears its flowers on branches that a re n a ke d o f fo l i a ge T h e bri ck re d c l a w sh a p e d f l ow e r s l a st o n l y a f e w w ee ks bef or e f orm i ng se ed pod s so we must enjoy the sight while we can. Pink cassia (Cassia javanica) is a n o t h e r b r i e f b l o o m e r t h a t a p pe a rs in March. The flowers form along the whole length of branches and pr od uc e a wo nd erf ul dis play fo r j us t a few wee k s. Pink c a s si a trees a r e m u c h l a r g e r t h a n t h e m o r e common yellow cassia trees. Th e s pr ing a pp lic atio n o f iro n a nd f er t i l i se r t o o ur fr ui t a nd ci tr us tr e es c an b e d on e a t t he e n d o f March. The base of the tree should be drenched with a weak solution of S e q u e s t r e n e 1 3 8 c h e l a t e d i r o n (exact details are on the package) and fruit tree fertiliser should be sp r ead ar ou nd th e dr ip lin e an d the bas e. Th is is bes t d on e af ter r ai n. If th ere i s no r ai n, yo u sh oul d w a t e r t h e a r e a w e l l b e f o r e a p p l y i n g t he f ert il i ser. T o compl e te the job, the trees should be treated with a spray of minor elements. For q u est io ns and co mmen t s email gardenerjack@coralwave.com March By GARDENER JACK GREEN SCENE F E R O C I O U S : Co ral T ree fl owe rs are s ai d to re s em bl e t ig er c l aws T he fl owers o pe n e a ch da y fro m t he ba s e a n d work f orward C A L I E N T E : Mexican sunflower can take our summer heat and is best planted in March to produce bright summer blooms.

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ENTERT AINMENT P AGE 10B, WEDNESDA Y MARCH 2, 201 1 THE TRIBUNE T O DISCUSS ST ORIES ON THIS P A GE LOG ON T O WWW .TRIBUNE242.COM MARCH 3 MARCH 5 3RD NATIONAL AGRIBUSINESS EXPO The Ministry of Agriculture and Marine Resources presents the 3rd National Agribusiness Expo that features an array of Bahamian food products and craft including a wide variety of vegetables, meats, marine products, pastries, preserves, ornamentals and handicrafts. The Expo also promises cooking demonstrations and culinary competitions. FRIDAY, MARCH 4 SILENT AUCTION & BINGO NIGHT The January "Gems" Birthday Club of Christ the King Parish hosts an exciting evening with a Silent Auction and Bingo, 6.30pm in the Christ the King Parish Hall. Prizes include gift certificates, phone cards, dinner for two, kitchenware, original artwork, and a grand prize of a laptop. Entry fee: $5, includes five game tickets. Refreshments also on sale. Proceeds in aid of Parish Hall Renovations. telephone: 525-0653 or 3288639 E-mail: orichgirl@hotmail.com SATURDAY, MARCH 5 STOGIES AND STILETTOS 1 MARLEY RESORT The creators of The Sexy Party bring you another one of a kind sexy and stylish event! General Admission: $20, Stogie & Stiletto Lounge (ViP): $40. Tickets are limited. Bacardi Drink Specials all night. Special performance by twotime Green Synergy champ DJ FINES. SATURDAY, MARCH 5 69TH ANNUAL RED CROSS FAIR The Bahamas Red Cross hosts its 69th annual fair under "Ready to Respond", 12pm-until on the Lower Grounds of Government House. Enjoy a day of funfilled family entertainment. SATURDAY, MARCH 12 "TRUE FRIENDS" DANCE PART 2 Party Central presents "True Friends" Dance Part 2, the black and yellow edition, 7pm at St John's auditorium. Music provided by Selecta Flam Boi and DJ Blaze, DJ Crank, OneTime, DJ Spuddy and Gold. Cost: $10/in advance; $15/at the door. By LYNN ELBER AP Television Writer A B O X I N G g r e a t a m o d e l w ho s u r v i ve d an I n d i an O ce an tsunami and a grown-up "Karate K i d" w i l l b e h o o fi n g i t o n t h e 1 2 t h s e a s o n o f D a n c i n g w i t h t h e Stars." W e l te r w e i g h t c h a m p Su g a r R a y Leonard, model Petra Nemcova a n d R a l p h M a c c h i o o f t h e h i t 1984 karate movie will be among 11 c ele brity c onte s ta nts w he n th e ABC show returns March 21. The cast was announced Mon d a y b y D a n c i n g h o s t s T o m Ber gero n and Br ooke Bur ke in s e g m e n t s t h a t a i r e d d u r i n g a n ep is od e of ABC' s "T he Bach elor." F o r g e t t h e r u m o u r s T h e m o m e n t o f t r u t h h a s ar r i v e d Bergeron exclaimed. A ls o h it ti ng th e da n c e f lo o r w i l l b e a c t r e s s K i r s t i e A l l e y ; P i t t s b u r g h S t e e l e r s w i d e r e c e i v e r H in e s W a rd ; pr of e ss io n a l w r e stl e r Chr is Jer icho; Lo velin e" ra dio show co-host Mike Catherwood; o n e t i m e ra p p ro d i g y R o m e o (f o r mer Lil' Romeo); Chelsea Kane o f D isn e y C ha n ne l 's J on a s"; ta lk show hos t Wendy W i lliams a n d reality star Kendra Wilkinson. A l le y s u g g e st e d th e c o n t e st a n t s' focus would be to "try not to fall on our bu tts the fir st w eek out That's what I'm going for." Leona r d ha d a hol ist i c desc r ip tion of his competitive approach. "I think it's all psychological. I th i n k i t s s p i r i t ua l ," he s a id "I think it's all the mental prepara tion." Qui pped B erge r on : "Hav e you ever watched the show?" T h e s t ar p r o f e s s i o n al d a n ce r p a i r i n g s w i l l b e a n n o u n c e d Wednesday. La s t se a so n s c h a mp w a s Di r ty Dancing" actress Jennifer Grey, w h o w a s p a i r e d w i t h d a n c e r Derek Hough. The s how a ls o featured for m er A l a s k a G o v e n o r S a r a h P a l i n s daughter, Bristol, as a contestant a nd be ca me some thin g of a polit ical lightning rod because of the family connection. By JOHN ROGERS Associated Press SHE was the voluptuous pin-up girl who set a milli on m ale he arts to pou nding du r in g World War II, the favorite movie star of a generation of young men long before she'd made a movie more than a handful of them had ever seen. S uc h wa s th e st un ni ng be au ty of J a ne Ru ssel l, a nd the ma r k et ing sk ill s of th e ma n wh o d i s c o v e r e d h e r t h e e c c e n t r i c b i l l i o n a i r e Howard Hughes. R us sell, sur rounded by family membe r s, d ie d Mo n da y a t h e r ho m e in th e c e nt ra l c o a st c ity of Sa nta Maria. Her dea th from respiratory failure came 70 years after Hughes had put he r on t he path to stardom w ith his controversial Western "The Outlaw." She was 89. Althoug h she had all but ab andoned Hollywood after the 1960s for a quieter life, her daugh ter -inlaw E t ta Water field s aid Rus s e l l re m a i n e d a c t i v e u n t i l j u s t a f e w w e e k s a g o w hen h er healt h began to f ail. Unt il th en, sh e w as ac tiv e w ith he r c hurc h, c ha riti es tha t w e re c l ose t o he r h ea rt a nd a s a me mb er of a singing group that made occasional appear ances around Santa Maria. Although her sultry, sensual look and her ho u r g l as s f i g u r e m a d e h e r t h e s u b j e ct o f num ero us nig htcl ub j oke s, u nli ke M ar ily n M on r o e, Ri t a H ay wo r t h a n d o t he r p in u p q uee ns o f the e ra, Ru s se ll wa s unt ouc hed by scandal in her personal life. R u s se l l s o n l y o t h e r n o t a b l e f i l m w a s G e n t l e m e n Pr e f e r B l o n d e s, a 1 9 5 3 m u si c a l b a se d on th e n ov el b y A ni t a L o os t ha t ca s t h er opposite Monroe. Su rviv ors inc l ude h er c hil dren Thom as K. W a t e r f i e l d T r a c y F o u n d a s a n d R o b e r t B uc k" W a terf iel d, six gra ndc hi ldre n an d 10 great-grandchildren. A public funeral is scheduled March 12 at 1 1am at Pacifi c Chri stian Chur c h in S a n ta Maria. MUSIC: JESSIE J I t a i n' t a b ou t t he c h a -c h in g or th e ba -blin g" fo r J essie J a t l ea s t th at's w ha t t hi s la te st U K i m po rt c l ai m s i n her hit single P ric e T ag featuring B o B J e ss ie J 2 2 i s no ne w c o me r to th e mu si c sc e ne ha v in g w rit te n t ra c ks f or pe op le li ke Ali c ia K e ys J ust in Ti mbe rla ke an d Mi le y C yru s, b ut th is is he r fir s t r eal cr ack at a car eer as a re c or di ng a rti st T he su c c e ss o f P ric e Ta g a nd h er U K d e bu t si n g le "D o I t L ik e a Du d e ha v e le d he r r ec o rd c om p an y to br in g fo rw a rd th e re l ea se d a te o f he r a l bu m W ho Ar e Yo u by a w h ol e m on th some thi ng a lmost un he ard of in th e m u s i c i n d u s t r y t o d a y T h e d e b u t a l b u m i s e x p e c t e d t o dr op i n A p ri l i n th e U S TYLER THE CREATOR W e re b a re ly th re e m o nt hs i nt o th e n e w y e a r b u t K a n y e W e s t h a s a l r e a d y f o u n d h i s v i d e o o f 2 0 1 1 : "Yonkers" by Tyler The Creator. T w e et in g ab o ut i t l a st w e e k, Ka n y e en co urag ed al l h is fo llo we rs to c hec k out the video on Youtube. Wh e n Yo n k e r s r e a ch e d m o r e t h a n a m i l l i o n v i e w s o n Y o u t u b e Tyler the 19-year-old leader of the hip hop crew OFWGKTA was so o v e r w h e l m e d h e s a i d t e a r s o f j o y we re r u nning do wn his fac e. The single will be released from his upcom i ng s o p ho mo r e al b um Go b li n" i n April. Already music fans are describing h i m a s t h e m o st e x c i t i n g a rt i st o f 2 0 1 1 MOVIES: ALEX PETTYFER M o v e o v e r R o b e r t P a t t i n s o n the r e 's a ne w he artth rob in tow n a n d he d oe sn 't h av e t o spa rk le t o be s ex y An English model and actor, the 20year old is alr eady on a m is sio n to c a pt u re th e h e a rt s o f g ir ls e v e r yw he r e wi th his po rtray al s i n t he te en ag e sc ifi flick "I am Number Four" and in t h e u p c o m i n g B e a s t l y a m o d er nised r e t elling of B eaut y and the Beast s tarr ing V anes sa Hudgens of High School Musical fame. E x-boyfrie nd of "Gle e" star Di anna Agron, Alex is rumoured to be in talks for lead roles in upcoming film adaptations of not one but two popu l a r yo u n g a d u l t bo o k s e r i es : T he Wa rdsto ne C hro nic le s a nd Th e Mortal Instruments. EMMA STONE Sh e char m ed au die nces wit h h er goofy and hilarious performances in "The House Bunny" and "Easy A", an d sh e ki c ke d b utt i n Z om bi el a nd o p p o s i t e O s c a r n o m i n a t e d J e s s e Eisenberg. N ow th is 22 -y ea r-o ld fl am eha ire d actress is on the cusp of becoming a h o us e ho ld na me a s s he ta ke s o ve r the role of Peter Parker's first love Gwe n S t a cy in the upc oming S piderMa n re b o o t st a rr i n g A n d re w Ga rf i e l d of "The Social Network". Jane Russell, star of 40s and 50s films, dies FORMER professional boxer Sugar Ray Leonard. (AP) TV Talk Show host Wendy Williams. (AP) Boxing legend Sugar Ray Leonard and W endy Williams to hoof it on 'Dancing' series H O T T E S T S T A R S B R E A K I N G I N T O M U S I C A N D M O V I E S things 2 D O JANE Russell, the stunning star of 1940's and 1950's films such as "Gentlemen Prefer Blondes" died on Monday, February 28 at the age 89. (AP) C RI T I C S C h o i c e a w a r d w i n n e r J e s s i e J r e a c ts a s s h e s p e a k s o n s t a g e a t t h e B ri t A wa r d s 2011 at The O2 Arena in London, Tuesday, Feb. 15, 2011. (AP)

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ARTS THE TRIBUNE WEDNESDA Y MARCH 2, 201 1, P AGE 1 1B N ASSA U AND B AHAMA ISLANDS' LEADING NEWSP APER By LESH GAGA has once again hit us with yet another deep, dark artistic video creation of her very own. "Born This Way is the ti tle of the ne w v i d eo an d s i n g le fr o m L a d y G a g a 's s e c o n d s tu d i o albu m t h at is s et to b e r elea se d s ometime this May. T h e v i d e o w a s d i r e c t e d b y N i c k Kn ight and cho r eog r aph ed by wel l k n o w n d a n ce r a n d T V p e rs o n a l i t y Laurie Ann Gibson. The Gram my w inner gave u s her usual array of wigs, skeleton painted f aces, m achi ne guns, and G aga creativity in the new video. A cco rd i ng t o On T op M ag az i ne roc ker A da m L am bert w as o n pi ns and needles Monday waiting for the r e le a s e o f th e v i de o f o r wh a t is a l r e a d y being considered a gay anthem. I m so an xiou s to se e Ga ga 's Bor n This Way video!!" he tweeted to his nearly 900,000 followers just minutes before the video's release." the web site stated. Aft er the video relea se, the forme r A m e r i c a n I d o l r u n n e r u p t o o k t o T w i t t e r a g a i n s a y i n g : W o w n e w Gaga video is wild and weird! I love the super 60s psychedelic intro. Like Barbarella meets Alien." Speaking to a few Bahamian Gaga f ans, Ri chard R ahm in g* t ol d In Ya E a r : E ve ry time sh e do es s ome thin g s t r a n g e s h e h a s t o d o s o m e t h i n g st ran ger. S he d oesn t do n o w rong The fact that Gaga develops her own creation myth just proved once again s h e i s no t a fly b y nig h t p op s ta r s h e i s a t rue art i st S he i s w ha t M ad on na w ou l d be i f M a do nn a w a s t al en t ed and interesting. Strange, sexy, irrev e re n t o ri g i n a l a n d h ot A s a f a n I alwa ys wor r y if sh e will be a ble t o t o p herself or at least meet the high stan da rds s he h as alre ad y s et. S he h as not disappointed me, love the video and still love her." J A Stu bb s ad d ed : Th e vid e o w a s r eally g ood, a t firs t I thou ght it wo uld be some kind of clichÂŽ story. But as you g et into i t you se e she s t alking a bo ut in ter e stin g th ing s wh ile a c t in g a fo o l a n d th a t i s w ha t ma d e it s o g o od W i t h a d i f f e r e n t v i e w C r y s t a l W at ki n s* sai d s he t hi n ks G aga i s a Madonna c opyca t : "She's out t he re, I 'd a d m it t h a t. B u t w ith t h e B or n Th i s Wa y s o n g s h e h a s th e e x a c t s a m e s o n g Ex p r e s s Yo u r s e lf" b y Ma d on n a S h e is fr e sh b ut sh e is no t in th e s a me c la s s as Madonna. You would not be able t o rec ognise Gaga if s he was not s o bizarre." Names have been changed By FARAH W HAT better way for Mr Yagga Yo to get his feet into the door of the music industry than by becoming a radio personali ty. The Island 102.9 fm announcer, had a musical inclination from since he was young, and staying in close affiliation with any thing music guaranteed his development as an artist. W it h t hre e sin g le s i n rot a ti on an d a v i de o on the w ay for h is so ng titl ed "Lo vel y Da y" Mr Ya g g a Y o is se t to ma ke a n in tro du c ti on to the music industry like none other. Cur rently the video for "Lovely Day" is in the pr od uctio n phas es an d set t o be r eleas ed this month. M r Y ag ga Yo co l l ab o r a t ed wi t h R ya n Lightbourn, a Bahamian cinamatographer who the artist said did a tremendous job at bringing life to the song with the accompa nying visual. Th is v id eo i s stil l in the ma ki ng It i s e p ic a nd i s be i ng pro du c e d a t th e hi g he st q ua l it y. R ya n L i g t h b ou r n s h ot a t o p cl a s s m u s i c video for me." And from the looks of the tra ile r o n Yo utub e he h as hi t th e rig ht no te. The a r tist s aid s hooting the video w it h, Rya n Li gt hbo ur n was a gr eat ex per ien ce for him. "I had a lot of fun doing the video. But I didn't realise how much work it was. The v id e o w a s sho t i n Ha rb o ur Isl a nd a n d i t is o f a really good quality," he explained. L o ve l y D a y i s p er fo rm e d on a r e gg a e b e a t a nd the de l iv e ry of h is h e art fe l t ly ri c s c an be a pp re c ia te d It w a s re c ord e d on t he Ho li da y Inn Riddi m a t O 2 M usic Studios in Nassau, Bahama s, and its creat ion was su ppor te d by Ray Ewing, CEO of Buff Boo Records who also serves as manager for Mr Yagga Yo. It i s a s on g o f g oo d so c i a l c o m me n t a ry I t s p e a k s o u t a g a i n s t v i o l e n c e W i t h t h e increase of violence on our streets and the rise of the i nc id en ce of dom est ic v io le nc e, i t promotes the r e ductio n of viole nce a nd the u ni fi c a ti on of a l l pe o pl e I h av e be e n w ri ti ng for a while and when I wrote Lovely Day,' I knew that as an artist I had a responsibil ity to deliver quality lyrics. It's a song that s p ea ks v o lu m es f o r an y on e l i vi n g i n ou r so c i a l cli mate," Mr Yagga Yo t old I n Ya Ear. T he song has also garnered inte r nationa l attention from music producers oversees. A p ar t f r o m w o r k i n g o n h i s v i d e o M r Y agg a Yo is also dev el oping h is bra nd as a t u pc om ing arti st. H e is al so set t o pe rform i n Eleuthera later in the year. Ex p ec t to se e m uc h m ore f rom Mr Ya g ga Yo. Mr Y ag ga Y o' s mu sic i s a va il abl e on site s s u c h a s w w w r h a p s o d y c o m w w w n a p ster.com and www.shockhound.com. "A good man is hard to find, that's one of yall favourite lines But finding wifey aint no easier" By LESH A LIT TLE spic e w as adde d to t he show l a st w e e k w h e n J e n ni f e r Lo p e z g ot e x tr e m e ly em ot ion al af ter sh e had t o sen d Chr is M e d i n a h o m e S h e s t a r t e d t o q u e s t i o n e v e ry t hi n g s a y i n g I c a n t d o t h i s a n y m o re A f t e r a short ten minute brea k, the sho w c ontin u e d a nd t h e ca m er as c au g ht R an d y a n d Stev en co nsoling he r. The nig ht w ent o n as th e jud ges se nt the luc ky 24 th r o ugh one by on e. Most of the p i c k s w e r e p r e d i c t a b l e s u c h a s L a u r e n A l a i n a N a i m a A d e d a p a n d S c o t t y M c C r e e r y j u st t o n a m e a f e w I w a s sh o c k e d to se e fa n fav ourite C hris Medi na g et sen t hom e. His story w as be auti ful (his finan ce su ffe re d a t rau ma ti c bra in in ju ry j ust b ef ore thei r we dding and he h as bee n c aring for he r e ve r sin ce ) b ut he l ost the ju dge s vote w he n h e g o t to o c om fo rta bl e i n H ol ly w oo d. Now o n air for three ni ghts, thi s w ee k's Am eri c an Ido l is e xp ec t ed t o be a v e ry lo ng o n e. A c c o rd i ng t o t h e F o x n e t w o rk t h e T o p 1 2 g u ys w i ll b e pe rfo rmi ng on Tue sd a y. The t o p 1 2 gi r l s wi l l p e r f or m o n W ed n es d a y ni ght, foll owe d by a two ho ur resul ts show on Thursday nig ht. HERE'S YOUR TOP 24 The American Idol 2011 Top 12 Girls: 1. Naima Adedap 2. Julie Zorilla 3. Karen Rodriguez 4. Lauren Turner 5. Kendra Chantelle 6. Ashton Jones 7. Rachel Zevita 8. Haley Reinhart 9. Thia Magia 10. Lauren Alaina Suddeth 11. Pia Toscano 12. Ta-Tynisa Wilson The American Idol 2011 Top 12 Guys: 1. Brett Lowenstern 2. Jovany Barreto 3. Jacob Lusk 4. Paul McDonald 5. Clint Jun Gamboa 6. Robbie Rosen 7. Stefano Langone 8. Jordan Dorsey 9. Tim Halprin 10. James Durbin 11. Casey Abrams 12. Scotty McCreery In Ya Ear recaps American Idol I W AS BORN T HI S W A Y L a dy G a ga V i de o R e v i ew Line of The Day From Bobby Valentino's single "Words"

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Green Scene: Flowers of March See page nine W E D N E S D A Y M A R C H 2 2 0 1 1 Mr Y aga Y o set to r elease new video See page 11 By JEFFARAH GIBSON Tribune Features Writer S OME people judge their capabilities by their disabil ities. But the artists featured today have not allowed themselves to be limited artistically because they have Down Syndrome. Take M iz pah B ethel for ins tanc e, a parent with d own syn dro me whos e son also ha s t he co ndi tio n who is kno wn by her c ommu nity to hold he r ow n wh en it c om es t o s i n g i n g b e a u t i f u l m e l o d i e s w i t h h e r ban d. She has als o fo und her niche in creating a bs tract paintings. It has be en therap y f o r h e r a f t e r f i n d i n g o u t h e r s o n T y Bethel had leu kemia. H er art w ork w hic h w a s ori gi na ll y pa rt o f h er a r t th e r ap y, ha ve acc um ul a te d o v er th e y e a rs a nd n o w sh e h a s de c i d ed t o d eb u t h er wor k in th e f ir s t eve r a r t e xhi bi ti on ho st e d by the Bahamas Do w n Synd rom e A s s oci ati on in col la bo r ati on wit h es ta blishe d B aha mia n a r ti s t Anthon y Bi g Mo" M orl ey. F und s ra ise d f rom Miz p ah' s a rtw ork w il l go t oward s her s on's medi c al fund W h ile the mai n featur e of t he sho w will be work s by "B ig M o", ar t pieces do ne b y pers ons with Dow n Syndr ome will als o be on d isp la y. R i ca rd o W i ll ia ms an d J on at ha n Newell wil l als o debu t th eir ar twor k. Pr e si de nt of t he Ba ham as Do wn S ynd r om e A s s o ci a t i o n, C h er yl N e we l l t o l d T r ibune Arts t hat the exhibit ion is meant to sho w of f t he t al en t o f pe op le w it h Do wn S ynd ro me as wel l as br in g awar ene ss of t heir sm all commu nity. "Peop le u nderes ti mate them. T hey s ay t h a t t h e y a r e r e t a r d e d B u t t h e y d o n t r ealise that they are capable of doing a n y t hing. Th ey can d o all kin ds of art and we want t o bri ng aw ar enes s th at our k ids ar e hi g h f un c ti on i ng a n d th ey c a n c o nt rib ut e to t he communi ty in many di ffer ent ways ," M s New el l sai d. Ms Newe l l told T r ibune Art s th at w h en sh e f ir st s aw t he a rt w o rk f ro m t h e c h i ld r e n, s he w as n ot su pri sed by t he level o f s kil l t hey dis played in t heir w o rk. I w a s n t s u r p r i s e d a t a l l T h e y a r e k no wn f r om bei ng ver y a rt i st ic Whe n I fi rs t st ar te d r e a di n g a b o ut D o w n S y n dr om e I f ound t hat they had a gr eat abilit y t o d o an yth ing art is ti c. So anyt hin g lik e vis ua l ar ts or mar tial ar ts they ar e keen o n," s he s a i d Viewers w i ll see a mixt ure of ar t pieces r angin g f ro m tr aditi onal Bahamian ar t t o vi br ant c o lor fu l pi eces wi th h ues of red r oyal b lue and yellow. T h e D o w n S y n d r o m e A s s o c i a t i o n i s w o r k i n g t o w a r d s e s t a b l i s h i n g t h e f i r s t D ow n Syndr ome Cent er h ere i n Nass au. Fun ds r aised f rom t he art s how w i ll go t owards s taff fo r t he facili ty. "We ar e lo ok in g t o a ls o h av e a s pa ce f or our adult s to lear n a tr ade s o they can w o r k a n d e a r n t h e i r o w n l i v i n g M s New el l sai d. I w ou ld l ik e to se e ou r D ow n sy nd rom e C e nte r serv e al l o f ou r c hil dren a nd adu lts. I hope to not only have af ter s c h ool pro grams fo r ou r chil dren but a wor k envi ron ment for our adul ts a medi c al facili ty, a pl ac e wher e o ur child ren can have their needed th erapi es and m ost impor tant ly, a place w h ere ou r child ren can be edu c at ed in s afe s ur roun dings ." The p ub lic is en co ura ge d to sup po rt p ersons wit h Do w n Syndr ome in t heir effo rts to br ing a b reat h o f fr esh air to art i n t he B a h a m a s "I th ink the p ubl ic will be s upr is ed t o s e e t h e t a l e n t i n t h a t B a h a m a s a m o n g young c h ildr en as well as people with dis abilit ies T his is a a gr eat way for them t o sup por t as w el l as encour age t hem t o do keep doi ng th eir b est ." M s Newell also s aid that t his is just t he fir st of gr eat ar t sho w s t o s tem fr om t he Down Synd rom e c o mmuni ty. "We are looking to make t his a n annual e v e n t T he Bahamas Down Syn dro me As so c i a tion w as firs t es ta blis h ed 1 2 ye ars ago, by Pamela For bes M erchant and I da Po itier Tu r nq ues t T he r el au nch o f t he as s ocia ti on be gan in 20 06 wh en Che ry l N ewel l w as elected as p res ident T he s how will be held on F riday, M arch 4, st art ing f rom 6-9. Fo r mo re in for matio n contact A nth ony M orl e y 's Ar t G a l le ry & S tu d io a t 3 6 16 00 6 DOWN NOT O U T GOOD TIME: Nathan T aylor happy to paint. FOCUSED: T riton deep in thought. CA TCHING A BREA TH: Jonathan Newell taking a break from finger painting HARD A T WORK: The Ar t room is ver y busy The T ribune SECTION B