Citation
The Tribune.

Material Information

Title:
The Tribune.
Uniform Title:
Tribune. (Nassau, Bahamas).
Added title page title:
Nassau tribune
Place of Publication:
Nassau, Bahamas
Publisher:
Tribune
Publication Date:
Language:
English
Physical Description:
v. : ill. ; 58 cm.

Subjects

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

Notes

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

Record Information

Source Institution:
University of Florida
Holding Location:
University of Florida
Rights Management:
This item was contributed to the Digital Library of the Caribbean (dLOC) by the source institution listed in the metadata. This item may or may not be protected by copyright in the country where it was produced. Users of this work have responsibility for determining copyright status prior to reusing, publishing or reproducing this item for purposes other than what is allowed by applicable law, including any applicable international copyright treaty or fair use or fair dealing statutes, which dLOC partners have explicitly supported and endorsed. Any reuse of this item in excess of applicable copyright exceptions may require permission. dLOC would encourage users to contact the source institution directly or dloc@fiu.edu to request more information about copyright status or to provide additional information about the item.
Resource Identifier:
09994850 ( OCLC )
9994850 ( OCLC )

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Full Text
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Volume: 106 No.300

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Tel:326-1875



THURSDAY, NOVEMBER 18, 2010 PRICE —75¢ (Abacgand Grand Bahama $1.25)

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Kermer attacks Balia



Press statement is
released in rare move

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

AS the debate waged in
the House of Assembly yes-
terday over the labour reso-
lution for the Baha Mar pro-
ject, Kerzner International’s
chairman and CEO Sol
Kerzner warned that
approval of this develop-
ment would be a clear
breach of an investment
agreement signed with
Atlantis, the now largest pri-

vate employer in the
Bahamas.

In a rare move, Mr Kerzn-
er issued a press statement
to the media yesterday
pointing out that when they
were induced into make
their “substantial invest-
ment” in the Bahamas,
Kerzner’s Heads of Agree-
ment embodied a provision
guarantecing the company
that if they made their
investment, “no subsequent

SEE page 11

KERZNER INTERNATIONAL *

Bahamian comennction workers:
Foreign constriction workers

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Sumber of roca:

Total Investinent:.,
Aporoach te ccurstnaction:

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Mar contract preach

Felipé Major/Tribune staff



A TAXI DRIVER who was driving two tourists over the old Paradise Island bridge lost control of his vehicle, barrelling down the bridge and
crashing into the plaza near Customs Computers on East Bay Street yesterday. The driver and one of the tourists sustained minor injuries. Police
say the driver was unable to brake his van as he was descending the bridge shortly after 11am. The vehicle was carrying two women tourists,

Row in House over QQIigenisiimainn
Naas a Gadel capes

land for Baha Mar



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By TANEKA THOMPSON
Tribune Staff Reporter
tthompson@tribunemedia.net

A WAR of words broke
out in the House of Assembly
yesterday between members
of Government and the
Opposition over the sale of
264 acres of land in Cable
Beach to facilitate the $2.6
billion Baha Mar develop-
ment.

Kennedy MP Kenyatta
Gibson, who moved the gov-
ernment's Baha Mar labour
resolution, claimed the
Christie administration was
so overwhelmed by the
resort's billion dollar price tag
that they were willing to sell
the "birthright" of future gen-

SSO eA

te a,
Oia

Lis

erations for "peanuts."

He also accused the Oppo-
sition of engaging in secret
deals, back-room arrange-
ments and implementing con-
fidential clauses during their
Baha Mar negotiations.

"Without batting an eye lid,
they gave away Cable Beach,
Goodman’s Bay, the old
Hobby Horse Hall and parts
of the Killarney district, and
then sought to cover up the
deal with silence in the face of
inquiries from the Bahamian
people,” said Mr Gibson of
his former Cabinet col-
leagues.

"The Bahamian people
deserve better than this

SEE page 12

By NATARIO McKENZIE
Tribune Staff Reporter

nmckenzie@tribunemedia.net

THERE is no provision in
Bahamian law to allow the
courts to stipulate or recom-
mend how much of a “life
sentence” an inmate must
serve before being eligible
for parole, Court of Appeal
President Dame Joan Sawyer
stated in a judgment yester-
day.

The Court of Appeal yes-
terday handed down the deci-
sion relative to the appeals
of three inmates: Forrester
Bowe, Trono Davis and
Philip White, who are all cur-
rently serving “life sen-
tences.”

The appeals of all three
inmates were, however, dis-
missed by the appellate court
yesterday.

Bowe’s appeal had been
argued by attorney Keod
Smith, while White and Davis
were represented by attorney
Jerone Roberts. It had been
argued that the appellate
court, as well as the Supreme
Court, could stipulate a fixed
period during the currency
of a life sentence which per-
sons sentenced to life must
serve before becoming eligi-
ble for parole.

In her ruling yesterday
Dame Joan noted: “This
court has no power under the

SEE page 14

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THE TRIBUNE





POUTICS



FNM ‘stilt’ PLP almost ready to announce new

set of general election candidates

jovernance’



HUBERT INGRAHAM

By NOELLE NICOLLS
Tribune Staff Reporter

nnicolls@tribunemedia.net

THE Free National
Movement is still in “gov-
ernance mode” despite the
recent announcement by
Prime Minister Hubert
Ingraham confirming his
plan to seek re-election in
the next general election.

“It will be distinctly pre-
mature for persons to act
as if the government has
signalled the intention of
going back to the people
early, when in fact the gov-
ernment has not sent a sig-
nal that it’s intending to go
back early,” Carl Bethel,
FNM chairman, told The
Tribune yesterday.

“We still have at least a
year and a half in our man-
date and it would seem to
be more in the economic
interest of Bahamians that
the government should
focus this time on quality
governance.”

Setting the date for the
next election is the respon-
sibility of the prime minis-
ter, although constitution-
ally it must be called no
later than May 2012.

“T can only say that right
now the party has not giv-
en any official considera-
tion to the question of
which candidate it will field
in the next election. We
have not gone through the
process of nomination or
renomination, so it is
impossible to speculate on
either the intention of any
incumbent MP or the
intention of the party,”
said Mr Bethel.

Ratified

Despite the uncertainty
about the election date and
the finalisation of con-
stituency boundaries, the
Progressive Liberal Party
(PLP) has gone ahead with
candidate selections. Since
March, the party has rati-
fied eight candidates, and
new announcements are
expected next week.

Mr Bethel said the gov-
ernment has to “be careful
what signal it sends”,
because any suggestion
that it plans to call an early
election would make “the
process of governing all the
more difficult until the
issue of an election is
resolved.”

“It is always the judg-
ment of the governing par-
ty as to when to send that
signal to the people. Suf-
fice to say, once that signal
is sent it becomes difficult
to focus solely on govern-
ing. Governance becomes
a somewhat secondary
issue because people will
focus their attention on
elections rather than the
governing process,” he
said.

Questioned about the
prime minister’s declara-
tion this weekend, Mr
Bethel said it would be “a
little bit premature” to use
that as evidence of the par-
ty’s change in focus.

He said the signal will
likely come when the FNM
starts the process of nomi-
nation and renomination.

“T think the Bahamian
people can confidently
expect that the party will
act at the appropriate time
and that there will not be
any undue delay on our
part once we have deter-
mined it is the appropriate
time to commence that
process. At this time we
are more concerned about
good governance. Politics
will take care of politics,”
said Mr Bethel.

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



CYNTHIA PRATT

By NOELLE NICOLLS
Tribune Staff Reporter
nnicolls@tribunemedia.net

THE Progressive Liberal
Party (PLP) is almost ready to
announce a new set of ratified
candidates for the next general
election.

“Next week there are likely
to be new announcements,”
Bradley Roberts, party chair-
man, told The Tribune.

Since March, the PLP has
ratified eight candidates who
are expected to contest seats in
the next general election.

It is not yet clear when the
general election will be held,
although it must be called no
later than May 2012. This is at
the discretion of the prime min-
ister.

According to Mr Roberts,
the PLP is currently considering
new nominations in con-
stituencies occupied by Free
National Movement (FNM)
Members of Parliament.

Renominations “will come at
the end,” he said.

The FNM currently holds 24
of the 41 seats in the House of
Assembly. The PLP holds 17.

So far, St Cecilia MP Cyn-
thia Pratt is the only PLP MP to
have publicly stated an inten-
tion not to seek renomination.

In March, the National Gen-
eral Council of the PLP met to
accept the recommendations of
the Candidates Committee and
ratify Senator Jerome Fitzger-
ald to run for the Marathon
constituency, Senator Michael
Halkitis for Golden Isles, Sen-
ator Hope Strachan for Sea
Breeze, and political newcomer
Dr Kendal Major for Garden
Hills.

Senator Dr Michael Darville
in Pineridge and Greg Moss in
Marco City were ratified in
June.

In August, financial services
consultant Jerome Gomez was
ratified for Killarney and podi-
atrist Dr Daniel Johnson was
ratified for Carmichael.

This confirms at least five
new faces on the PLP slate. The

LOCAL NEWS

JEROME FITZGERALD

announcement next week is not
expected to complete the list
of new nominees, although it
will bring the PLP closer to
establishing its complete slate.

Kennedy

It is unclear whether the
upcoming announcement will
settle the matter of the
Kennedy constituency.

Attorneys Derek Ryan and
Dion Smith are said to be front-



BRADLEY ROBERTS

runners in that area.

Mr Roberts would not com-
ment on the constituencies
involved in the upcoming
announcement.

Sources within the party have
told The Tribune that the push
to roll out candidates is a part
of a “new image” the PLP is
seeking to project. The party
wants to appear “proactive”
instead of “reactive” and con-
vince the public it is capable of
going toe-to-toe with the FNM.

THURSDAY, NOVEMBER 18, 2010, PAGE 3





THE TRIBUNE

THURSDAY, NOVEMBER 18, 2010, PAGE 5



LOCAL NEWS

Mitchell hits back
at MP’s comments
over Baha Mar

OPPOSITION MP for Fox
Hill Fred Mitchell yesterday
took exception to the impli-
cation that he with others of
the former PLP Cabinet in
their negotiations with Baha
Mar sold off the birthright of
countless generations of
Bahamians for “peanuts.”

The remark Mr Mitchell
was referring to was made by
the FNM’s MP for Kennedy
Kenyatta Gibson during his
first movement of a resolu-
tion on the $2.6 billion Baha
Mar project in the House of
Assembly.

Mr Gibson in his address
said that he was advised that
the principals of Baha Mar
could not believe their good
fortune in meeting “national
leaders who were willing to
sell off the birthright of count-
less generations of our peo-
ple for peanuts.”

“They were laughing and
continue to laugh all the way
to the bank.

“The Chinese Export-
Import Bank that is, Mr
Speaker, sir,” the Kennedy
MP said.

Taking offence to this
remark, Mr Mitchell said that



BAHA MAR ROW:
Fred Mitchell

what Mr Gibson was accus-
ing him of was tantamount to
treason and should be with-
drawn.

“The point is this, we sat as
a Cabinet, they sit as a Cabi-
net, we make a decision which
is for the peace and good
order of the country. How
does that translate into the
selling off of the birthright of

COURT ADJOURNS APPEAL HEARING OF
MAN CONVICTED OF ATTEMPTED MURDER

THE appeal hearing of a man convicted of the attempted
murder of a police officer during a bank robbery two years ago
had to be adjourned for a second time yesterday.

James Miller appeared in the Court of Appeal on his appeal
against conviction and sentence. Miller and Anthony Williams
were convicted and sentenced to life imprisonment last June for
the attempted murder of woman Corporal 2445 Natasha Black
who received pellet shots to her face while responding to the
armed robbery of ScotiaBank on East Street and Soldier Road
in July 2008.

Court of Appeal President Dame Joan Sawyer noted that on
the last occasion the court had ordered that the registrar
appoint new counsel for Miller.

However, Miller informed the court that no counsel had been
appointed to him. The matter was adjourned to December 7.

Miller and his co-accused Williams were also convicted on
five counts of armed robbery, for which they each received 25
years on each count, and one count of grievous harm for which
they were each sentenced to serve five-year sentences.

Senior Justice Jon Isaacs also sentenced each of the men to
ten years in prison for possession of a firearm with the intent to
endanger a life.

The men were further convicted of three counts of possession
of a firearm with the intent to resist lawful arrest. On the first
two counts, they were each sentenced to 10 years; on the latter
count, they received another 14 years. The sentences were
ordered to run concurrently.

a generation? How does that
do so?

“And to say so is making
an imputation that you have
somehow sold out the coun-
try,” Mr Mitchell said.

Answering the Fox Hill MP
was the FNM’s Leader of
Government Business Tom-
my Turnquest who said that
Mr Gibson’s remarks were
not necessarily directed at the
PLP Cabinet, although he did
admit that the Kennedy MP
may have meant to criticise
the former Cabinet. In any
event, Mr Turnquest said that
he did not think that the
remarks warranted a retrac-
tion.

To this, Mr Mitchell said
that the reference to “nation-
al leaders” being willing to
sell the birthright of Bahami-
ans has to refer to those per-
sons who were sitting in Cab-
inet at the time and who were
the negotiators.

“T must take exception to
that,” Mr Mitchell told the
parliament. “I agreed with
these proposals, sitting as
national leader of the
Bahamas. Never once did I
envisage selling out the
birthright of the Bahamas.
And to impute such a motive
to me is extraordinary, extra-
ordinary! Whether he
believes it or not, but to sub-
scribe that motive to me is
simply improper. And it goes
beyond a point of order, it is a
point of privilege,” Mr
Mitchell exclaimed.

After some continued
debate on the matter between
Mr Turnquest, Speaker of the
House Alvin Smith and the
PLP’s Leader of Opposition
Business Obie Wilchcombe,
no additional action was tak-
en to address Mr Mitchell’s
concerns.

Mr Mitchell reserved his
point of privilege on the mat-
ter until he could review the
official transcript of parlia-
ment’s proceedings yesterday.

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PAGE 6, THURSDAY, NOVEMBER 18, 2010

LOCAL NEWS

THE TRIBUNE



SE a LY

THE Lyford



Cay International School (LIS) is holding an open house on
Wednesday, November 24 at 5.30pm at the British Colonial Hilton. The i
evening will consist of a visual presentation to learn more about the rigor-
ous International Baccalaureate academics; the creative arts programme;
the state of the art technology platform; diverse international and Bahami- :
an student body; the small class sizes, and the financial aid programme,

RCM ORT |

Search for missing
‘Sailor is called off



By MEGAN REYNOLDS
Tribune Staff Reporter
mreynolds@tribunemedia.net

AN AGONISING three-
day search for an Atlanta
sailor who disappeared when
aracing boat capsized in the
Abacos was called off by the
Royal Bahamas Defence
Force yesterday.

Laura Zekoll was one of

which is available to qualifying Bahamians and permanent residents.

Palm Cay Marina & Residences



Woman from US was one of four
thrown from yacht in Abacos

four who were thrown from
the racing yacht near Lynard
Cay in East Abaco at around
11pm on Saturday, sparking
a search and rescue effort led
by the RBDF.

Senior Lieutenant Carlon
Bethell said the Defence
Force dispatched an aircraft
immediately after the acci-

for the Virgin Islands more
than a week ago.

The boaters encountered
high winds and ocean swells
up to 20ft high as they sailed
through the Abacos on Sat-
urday night.

Sr Lt Bethel said there
were just four people on
board, three who survived

called it off because of the
unlikelihood of finding her.”

Ms Zekoll’s sister Angie
Cushwa, who lives in Gwin-
nett County, Atlanta, Geor-
gia, told her local television
station WSBTV Channel 2
Action News how her family
and friends will travel to the
Bahamas later this week in

dent to search for Ms Zekoll and were brought to New _ the hopes of finding the miss-
iS rs ek as three others who had been Providence for treatment, ing woman.
on board the racing yacht and Ms Zekoll, who has yet
swam to shore. to be found. Volunteer
u G Search efforts launched
De oe CC Oe e @ RCE! Rescued _ by the RBDF on Saturday She said Ms Zekoll was an

Our

an

international
unprecedented

marketing
interest

created
70 acre

campaigns have
on this unique

gated development off Yamacraw Hill Road in New
Providence. We are now seeking an exceptional individual
to assist us in taking Palm Cay to the next phase.

Duties will include:

Showing prospective clients around the project

The three who made it to
Lynard Cay were rescued by
the United States Coast
Guard, and the RBDF con-
tinued the search for Ms
Zekoll by air, land and sea.

American media reports
state Ms Zekoll was hired by
Atlanta couple Richard and
Debra Ross to help sail their
boat from Virginia to the
Caribbean and they set off

night were assisted by the US
Coast Guard until Tuesday.
The RBDF then retracted
their search and rescue teams
yesterday.

Sr Lt Bethell said: “The
US Coast Guard rescued the
three who had made it to
shore and they were brought
to New Providence, but we
have been fully engaged in
the search by air, land and
sea.

“After nearly four days we

active volunteer and great
helper of the poor and vul-
nerable.

Her arm was severed ina
motorcycle accident when
she was just 18 and success-
fully reattached in surgery,
allowing her to live an active
life.

“Tf anybody could survive
this, she has the tenacity,”
Ms Cushwa told the televi-
sion station. “She could do
it.”

WestJet resumes nonstop service to GB

Negotiating and finalising sales

Following-up all potential leads

Local marketing (some international travel required)

Liaising with all local realtors on the island

The Candidate will have

First hand local knowledge of the Bahamas property market

Ability to deal with clients of all levels

Confident manner with drive and determination

In first instance please email CV and

covering letter to timB@palmcay.com



By DENISE MAYCOCK
Tribune Freeport Reporter
dmaycock@tribunemedia.net

FREEPORT - Grand Bahama can
expect thousands of visitors again this win-
ter as WestJet resumed its seasonal non-
stop service from Toronto to Freeport for
a second consecutive year.

Terrence Roberts of the Ministry of
Tourism Office in Freeport said the non-
stop service from Canada is “very conve-
nient” and provides an opportunity for
Grand Bahama to increase its share in the
growing Canadian market.

“Having this non-stop service is very
convenient for our customers who can get
here and begin vacationing right away
without having to stop at other locations
before they get here,” said Mr Roberts.

The low cost carrier is expected to bring
more than 10,000 visitors to Grand
Bahama this year.

As part of their ongoing promotion and
marketing efforts, Tourism officials are

hosting a “familiarisation trip” for a num-
ber of tour planners from Canada tonight.

Mr Roberts said he is very optimistic
that the event will help make some inroads
into the Canadian market.

Grand Bahama was the number one des-
tination for Canadian visitors 35 years ago,
and tourism officials are trying to win back
that market.

It is hoped that low-cost carriers like
WestJet will help to lure visitors back to
Freeport and away from competing desti-
nations.

Mr Roberts said various hotels on Grand
Bahama are part of the familiarisation trip,
including the Radisson at Our Lucaya
Beach and Golf Resort, Pelican Bay and
Old Bahama Bay.

A welcome reception will be held at the
great lawn at Our Lucaya Resort today.

The group will visit the various conven-
tion facilities while on the island. They
also will be taken to Smith’s Point Fish
Fry, Junkanoo Beach Club and some
nightspots.

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PAGE 8, THURSDAY, NOVEMBER 18, 2010

LOCAL NEWS

THE TRIBUNE



Eade e Us

Ga Us

THANKS to Santa's Helpers and Richie's
Calypso, the youngsters at the Grand
Bahama Children's Home will have new
shoes for the holidays.

Vicky Martell of Santa's Helpers said she
has always wanted to help the home and
this year with her donations coming in ear-




















ly, she knew that the shoes would be a great
gift.

“We were able to donate dressy, school
and everyday shoes thanks to our partners
Riche’s Calypso, and we snuck in a few toys
to keep the boys busy over the Christmas
too," said Ms Martell.

MOSCOW

RUSSIA'S state-controlled oil firm has
teamed up with other companies planning
to tap Cuba's offshore oil fields in the Gulf
of Mexico, according to Associated Press.

Gazprom Neft has signed a deal to
acquire a 30 percent stake in a project
operated by Malaysia's Petronas company
to develop four offshore blocks just tens of
miles (kilometers) away from the U.S.
coast.

Sa: fordCay
eee

Celebrating Differences Honouring Excellence

OPEN HOUSE

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THE BEST IN YOUR CHILD

Lyford Cay International School offers a comprehensive (Nursery -
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while building character and teaching values.

Our class sizes are small, and we promote open communication
between parents, faculty and staff. Independence, leadership and
creative thinking are encouraged for an education that will take
your child further than the classroom.

We invite you to attend our Open House to learn more about
our programs

Wednesday, 24th November, 2010
Presentation starts: 5:30pm - British Colonial Hilton

Russian firm takes stake
in Cuban oil project

DONATION: Jean Hivert, GBCH executive committee member and Vicky Martell of Santa's
Helper's along with some of the shoes and toys that were donated to the home. Persons wishing
to donate to the home can go to the website www.gbchildrenshome.com.

Gazprom Neft said in a statement that
the project is to be financed proportion-
ately by participation shares.

The agreement will take effect following
its approval by the Cuban authorities.

Gazprom Nneft chief Alexander
Dyukov said the deal will enable the com-
pany to further extend its geographic reach
and strengthen its position in the global
market.

He said the plans will promote the com-
pany’s growth and boost production.

| Ms. Rebecca Johnson

The Executive and members of The Nurses

Association of the Commonwealth which to

For further information or to enroll now, please contact:
Mrs. Rose-Marie Taylor - Admissions Director

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extend congratulations to Mrs. Justina Knowles
and Mrs. Rebecca Johnson on their promotion
to Senior Nursing Officers.

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THE TRIBUNE

THURSDAY, NOVEMBER 18, 2010, PAGE 9



LOCAL NEWS

It’s beginning to look a lot like
Christmas at the BNT Jollification

THE BNT’s annual holiday
celebration, the Christmas Jolli-
fication will open the holiday sea-
son on Friday evening at The
Retreat on Village Road with its
special members evening.

BNT members will be treated
to a special evening at which the
decorated Godfrey Higgs Pavil-
ion, compliments of Jim White-
head of the Nassau Florist, will be
unveiled.

Food will be provided by
Alexandra Maillis and Some-
thing’s Different Edible Art;
cocktails will be sponsored by
Bristol Wines and Spirits.

“We are truly grateful to Bris-
tol Wines and Spirits, Bahamia
Rental, Jim Whitehead, Asa H
Pritchard, Alexandra Maillis and
Something’s Different for sup-
porting the BNT and providing
this special evening to our mem-
bers who support the national
park system and the work of the
BNT,” said Lynn Gape, BNT
deputy executive director.

The event opens to the gen-
eral public on Saturday from
1lam-5pm and on Sunday from
noon to 5pm. The arts and crafts
exhibition features over 75 artists
who will have crafts, jewellery
and gift items on sale on Saturday
and Sunday.

Andy Albury of Hope Town,
Abaco will have his wooden half
model sailboats; Joanne Bradley
will feature handmade wooden
boxes and Christmas ornaments;
Kimberly Roberts of Bahama
Dawn Designs returns with art
quilts, home décor items, ceram-
ics and unique original jewellery;
Linda Sands returns with her
cork work as does Linda Turtle
with her stained glass ornaments
and designs; Yvette Jordan of
Island Flava will have her original
Junkanoo dinnerware and
Dorothy Miller of Long Island
joins the Jollification with her
award winning straw work;
unique jewellery will be offered
by Pirates and Pearls.

The Jolly Market, the BNT
said, has become the happening
area of the Jollification.

This area features homemade
jams and jellies, cakes, jewellery,
hand-painted tiles and straw
designs from a number of arti-
sans.

Returning with their products
made from the Neem tree are
Abaco Neem. And for pet own-
ers, Amanda Meyers and Lynn



JOLLIFICATION: Tiffany Wildgoos with her Christmas Crafts.

Gratton will have home baked
treats as well as special T-shirts
with “Pet Friendly messages.”

“The Bahamas Humane Soci-
ety will be on hand with their ID
tags which might help your pet
find his way home and Proud
Paws will have wonderful toys
that will keep your pets tail wag-
ging throughout the holiday sea-
son,” the BNT said.

There is also a special plant
area where the Gardens Nurs-
ery, Flamingo Nursery and the
Potting Shed will have unique
specimens on sale. For the kids,
there is the children’s crafts area
sponsored by Asa H Pritchard
which will feature nature orient-
ed and also Christmas crafts.
There will be face painting, ice
cream and cotton candy.

For all other culinary needs,
the chefs at Jollification will be
preparing both Bahamian and
mternational cuisine.

Inner Wheel of East Nassau
will have home baked goods;

Hands for Hunger will serve
soup, and the Batter Girls will
feature their conch fritters, while
the Caribbean Spice Café will
feature Jamaican jerk cuisine.
The Annunciation Greek Otho-
dox Church will provide patrons
with mousaka, pastitsio, grilled
lamb and baklava.

Philipine Delights will provide
an Asian flavour and Blue Caviar
will feature French and Italian
classics. Bahamian cuisine is well
represented by Christine Rolle
of a Taste of ’Briland. For those
who just want an old fashioned
hamburger the East Nassau
Rotary Hamburger Van will be
serving their “world famous in
the Bahamas” burgers.

“We hope that the event will
be well supported this year. Many
of our exhibitors work through
the year preparing their crafts for
the event and it is an excellent
opportunity to shop for high
quality Bahamian crafts,” said
Ms Gape.

Scripture Thought
JAMES Chpt. 2: 1-8

Beware of Personal Favoritism

1 My brethren, do not hold the faith of our Lord Jesus Christ,

the Lord of

ry, with partiality.

glo
2 For if there Should come into your assembly a man with,
gold rings, in.fine apparel, and there should also come in a

poor man tn filthy clothes
3 and

you pay.attention to the one wearing the fine clothes

and say to him, “You sit here in a good place,” and say to
the poor man, “You stand there,” or, “Sit here at my foot

stool,”

4 have you not shown partiality among yourselves, and be

come judges with evil thoughts?

5 Listen, my beloved brethren; Has God not chosen the poor
of this world to be rich in faith and heirs of the kingdom
which He promised to those who love Him?

6 But you have Aishenored the
you into t

7 Bo th you and

oor man. Do not the rich op
e courts?

O a not sata eme that noble name by which you are

8 le fou really fulfill the royal law accordin ng to the or
Oo

You shall

ve your neighbor as yourse

*Ta] you do well;



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to give land-based tours

TOUR operators in New Providence are
i being encouraged to offer more land-based tours
? which provide visitors with a unique experience
i? of Nassau.
? Speaking at a one-day workshop organised
? by the Ministry of Tourism’s Cruise Depart-
i ment, Tourism Director General David Johnson
? said his ministry is focused on helping tour oper-
i ators generate more revenue while meeting the
i? needs of cruise lines and passengers.
i The workshop was designed to assist tour
i? operators with business plans and practices that
? could strengthen their operations and improve
i the overall Bahamas experience for visitors.
i The effort to increase business opportunities
: from the cruise sector has often been a com-
? plex one in the Bahamas, said Mr Johnson, but
? the Ministry of Tourism’s intention is to improve
? revenue and hopefully profits for them and oth-
? er small business operators.
i “This whole area of tour excursion spending,
i it is a competition for that same dollar,” he said.
i “There needs to be a compromise arrived at.
: We need to think in terms of how we earn more
? but recognising that unless the cruise compa-
i nies are in a position where they can get a ben-
i efit, it is not going to happen.
: “So we have to develop and design your tour
? product, your experiences in a way that it makes
i commercial sense for you, but that the supplier
? who you are looking at to bring that business,
? that they see a return too. It then becomes a
? win-win situation,” Mr Johnson said.
i The ministry is currently in discussions with
i cruise lines on how the interests of all industry
? players can be met.
? However, Mr Johnson said his impression is










Derek Smith/BIS

TOURISM DIRECTOR Gensial David Tee
addresses tour operators as permanent secretary
Hyacinth Pratt looks on.

that individuals and groups in the Bahamas still
are not sufficiently focused on experiences that
offer a person an itinerary into Nassau, some-
thing that compliments the other experiences
they would have in other ports of call.

“We are the Caribbean’s leading water sports
experience offer,” he said.

“We have an abundance of that. We have
less in terms of land-based experiences, and
remember almost 60 per cent of our visitors are
coming on three and four-day cruises and many
of them are repeat visitors.”

Mr Johnson said that there is a great oppor-
tunity to expand land-based tours so that visitors
feel that they are getting a new experience.

He also pointed out that businessmen can
access several concessions that have been put in
place through legislation. These include the new
City of Nassau Revitalisation Act, 2008 and the
recent amendments to the Hotels Encourage-
ment Act.

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PAGE 10, THURSDAY, NOVEMBER 18, 2010

THE TRIBUNE



US Ambassador calls for

end to modern-day slavery

THE US Embassy in Nassau
and US Immigrations and Cus-
toms Enforcement hosted a
seminar at the British Colonial
Hilton this week on combatting
trafficking in persons, forced
child labour and child sex
tourism.

US Ambassador to the
Bahamas Nicole Avant provid-
ed the keynote address and
commended the government of
the Bahamas for their “increas-
ingly proactive approach” in
addressing this high priority
human rights issue. Speaking to
the need for an urgent and
broad-based international
response, Ambassador Avant
noted that “the United States
government is fully committed
to ending human trafficking in
all its forms by transforming
public perception, and by work-



US AMBASSADOR:
Nicole Avant

the world to improve the pro-
tection of exploited men,
women and children.”

Over the three-day seminar,

practices designed to bolster
efforts to combat human traf-
ficking. Experts from across the
US shared their experiences and
struggles in human trafficking
prevention, investigations, pros-
ecutions and victim assistance.
Ambassador Avant concluded
her remarks by imploring the
participants to fight against this
modern-day form of slavery
“Just as hard as we fought to end
the slavery of the 19th century.”

Bahamian government rep-
resentatives from the Ministry
of National Security, Ministry
of Labour and Social Develop-
ment, Ministry of Foreign
Affairs, Department of Immi-
gration, Royal Bahamas Police
Force, Royal Bahamas Defense
Force, National Emergency
Management Agency, Office of
the Attorney General, and non-

ing with law enforcement agen-
cies and policy makers around

participants and presenters
shared information and best

government organisations
attended the seminar.

TERREVE COLLEGE GETS RECOGNITION FROM MINISTRY

By DENISE MAYCOCK
Tribune Freeport Reporter
dmaycock@tribunemedia.net

FREEPORT - Terreve College has received
official recognition from the Ministry of Educa-
tion to offer Bachelor degrees in association with
Keiser University.

The Freeport-based institution has formed an
articulation agreement with Keiser in five areas of
study, including business administration, accounts,
criminal justice, primary education, and accounting
computer software systems management.

Terrance Archer, president of Terreve College,
said recognition from the ministry has opened the
door of opportunity for more working individuals
to attend the college, which is now awaiting
approval from the Department of Public Services so
government workers can enroll in the Bachelor
degree programmes that are being offered.

“We were first facilitating Keiser’s programme in
which students would be able to receive a Keiser
degree, but now, if we want to as an option, we can
offer the Bachelor programme at Terreve for a
very affordable rate, and we are pleased that the
Ministry of Education has granted that,” he said.

Terreve College opened 12 years ago as a tech-
nical institute. It offers high school equivalency
diploma, short term certificates and diploma cours-
es, as well as associate degrees.

The offices are located in Nyo’s Grace Plaza,
and classes are held at the Bishop Michael Eldon
High School in the evenings. Plans are also under-
way to expand to Nassau and Abaco.

Mr Archer expects enrollment at Terreve to
pick up in January now that their Bachelor degree
programmes have been accepted by the ministry.

Former educator Donald McCartney, a senior
official at the Department of Public Services, said
receiving recognition is important because it not
only means that degrees offered by Terreve are
accepted by the Ministry of Education but also by
private companies.

According to Mr Archer, the Bachelor pro-
gramme is an accelerated 18-month programme.

He said Terreve has enrollment every month so
students do not have to wait the usual three to
four months as required at other tertiary institu-
tions.

“Individuals that have been left behind by some
other institution which has closed their doors or dis-
continued the programmes can enroll anytime at
Terreve,” he said.

“Persons coming to Terreve do not have to wor-
ry about the clutter or plethora of classes being
heaped on them all at one time in a given quarter
because we do one course per month for the entire
term.

“This allows students at the end of the day a
chance at having a very solid grade point average,
and Keiser has been doing this in its programmes,
which have been very successful over the years.”

Mr Archer said Terreve has also targeting enroll-
ment of actual high school students by introducing
a pilot programme that allows 10 and 11 grade stu-
dents to enroll in study towards an associate degree.

“We have visited all of the high schools on Grand
Bahama telling them about the pilot programme, so
by time the student graduates from high school
they will also be graduating with an associate
degree,” he explained.

Mr Archer said Tabernacle Baptist Academy is
the only school, so far, that has taken advantage of
the programme.

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THE TRIBUNE

THURSDAY, NOVEMBER 18, 2010, PAGE 11



LOCAL NEWS



Kerzner attacks Baha
Mar ‘contract breach’

FROM page one

investor would get more
favourable terms.”

The statement said:
“Although we were confi-
dent in our abilities to re-
establish the Bahamian
tourism industry at that
time, we did so in the face
of truly dire economic
conditions. Accordingly,
we insisted upon most
favoured nation treatment,
which would ensure that
no subsequent investor
would be given advantages
that we never enjoyed.

“Since our first invest-
ment, we have always
found Government — irre-
spective of the party in
office — to be a faithful
partner who has justified
our initial and subsequent
confidence in the Bahamas
as an investor. We have
invested more than $2.3
billion over the course of
our build-out of the three
phases of Atlantis, increas-
ing our room count from
approximately 1,100 in
1994 to over 4,000 today.

“We have grown the
Bahamian workforce from
approximately 1,200
employees when we com-
menced operations in 1994
to nearly 8,000 full-time
employees today, not to
mention the indirect
employment that our
investment has generated
in the community. Fur-
thermore, we have spent
millions on training pro-
grammes to develop and
improve the skills and pro-
fessionalism of our work
force, which has allowed
Atlantis to be rated among
the top resorts in the
world,” he said.

Mr Kerzner went fur-
ther, outlining that in their
single largest investment
of approximately $1 bil-
lion for phase three,
Atlantis again signed
another Heads of Agree-
ment with the then PLP
government in 2003.
Among the many require-
ments that the government
imposed under this and
prior agreements, Mr
Kerzner said was a “strict
rule that at least 70 per
cent of the total construc-
tion labour force would be
Bahamian.”. However,
with Baha Mar’s proposal
of some 8,150 Chinese
labourers, Atlantis offi-
cials insist that this new
deal with the Cable Beach
developer will constitute a
complete reversal of this
previous standard.

Adding to his chair-
man’s comments, Kerzner
International’s managing
director George Markan-
tonis informed The Tri-
bune yesterday that they



“We insisted upon most
favoured nation treatment,
which would ensure that no
subsequent investor would
be given advantages that we
never enjoyed.”



intend to discuss this
breach in their Heads of
Agreement with the gov-
ernment.

“You can’t put in one
thing in an agreement and
then do another thing.
And really it is as simple
as that,” Mr Markantonis
said.

“Certainly as Mr Kerzn-
er has said, and reviewing
it with our board, the rea-
son we have Heads of
Agreement is to protect
the investor. And frankly
an agreement as indicated
in our statement repre-
sents a solemn promise by
the country for not only us
but it lays out the rules for
any subsequent investor.
Our observation of this
would be that the terms in
our agreement are not
being met, and as we said
we intend to discuss this
further with the govern-
ment as to how this can be
corrected,” he said.

Mr Markantonis added
that he could not discuss
further how this matter
will be “addressed” with
the government, save to
say that they will see how
those discussions develop
and will inform the gener-
al public as such.

“Initially what we are
doing with this statement
is to make people aware
of the situation. I can tell
you that the government
is certainly aware,” he
added.

Fearing that there could
be “cannibalism” in the
marketplace with a new
3,000 room development
on Cable Beach, Mr
Markantonis said they are
very cynical that this com-
munity can handle such an
increase in hotels rooms in
the same high-end market
as Atlantis “all at one
time.”

“At the very least, a pro-
ject of this size should be
phased in over many
years, aS we have phased
in our project over many
years. And the reason for
that is that right out of the
gate the tourism infra-
structure needs to catch up
to additional demand. We
need airlift to be grown
and developed. It is not all
going to grow and develop
in one day just because

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another 3,000 luxury
rooms opened. And I
think that is very critical.
People may say, ‘well that
is easily done’, and I will
tell you right now it is not.

“T will tell you that the
Statistics that we have now
from the Promotion
Boards just for the month
of November 2010 to
December 2009, overall

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airline data reflects depar-
tures are down 26 per cent
and seats are down 19 per
cent from just last year
which was supposed to be
a terrible year.

“Let me tell you what
that equates to, 347 fewer
arrivals in the month of
November this year. Few-
er.

“Now is it plausible that
someone can just go and
add another 3,000 luxury
rooms and find the cus-
tomers where?

“That is what we mean
by infrastructure. It is one
thing to go and say we will
start with 1,200 rooms like
Atlantis did in 1998 with
the Royal Towers.

“Well we didn’t bring on
the third phase until 2007
with the Cove and the
Reef, until we were com-

fortable that we were able
to establish new channels
of business,” he said.

When approached last
night for a comment on
Mr Kerzner’s statement,
Prime Minister Hubert
Ingraham indicated that
he had already voiced his
position on the deal dur-
ing his televised press con-
ference on Sunday. At that
time Mr Ingraham indicat-
ed that while the govern-
ment was in favour of
granting approval for the
Baha Mar project, he was
still not necessarily in
favour of a single phased
development — a position
Mr Kerzner himself agrees
with.

“In his press conference,
the Prime Minister indi-
cated that he was not nec-
essarily in favour of build-





STATEMENT: Sol Kerzner

ing a single phase devel-
opment of more than 3,000
rooms. I wholeheartedly
agree.

“It is our contention that
a first phase of no more
than 1,000 rooms should
be built and absorbed into
the market successfully
before undertaking any
subsequent phase.

“Phasing in this manner
would ensure a healthier,
more stable tourism mar-
ket and would protect the
existing resorts and the
Bahamian jobs within
those resorts,” Mr Kerzner
added.

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





PAGE 12, THURSDAY, NOVEMBER 18, 2010

THE TRIBUNE



LOCAL NEWS



Row in House over
land for Baha Mar

FROM page one

wholesale pillage and plun-
der of public assets. This
egregious land give away is
one of the greatest raids on
the material wealth of the
Bahamian collective since the
post-colonial era begun. It is
a moral disgrace and the
member for Farm Road and
Centreville should be
ashamed of himself!

"Tam advised, and I verily
believe, that the principals of
Baha Mar could not believe
their good fortune, that they
could stumble across nego-
tiators and national leaders
who were willing to sell off
the birthright of countless






generations of our people for
peanuts."

Several opposition mem-
bers took offence with Mr
Gibson's assertion.

Dr Bernard Nottage, the
Opposition's lead speaker in
the debate, questioned why
there were no major changes
to the portions of land being
sold to the developers by the
Ingraham administration
when it negotiated a supple-
mentary Heads of Agree-
ment for the deal shortly after
assuming office in 2007.

"I have to presume that
they changed at that time all
of the provisions in the origi-
nal Heads of Agreement with
which they were in disagree-
ment. If they didn't then they

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only have themselves to
blame,” the former health
minister argued.

He asked repeatedly why
the "useless" resolution was
brought before Parliament
when traditionally work per-
mit approvals are left for
Cabinet or Immigration
approval.

"Mr Speaker, this is a use-
less exercise. It is unprece-
dented for such an adminis-
trative matter to be brought
to the House of Assembly.
This is a matter which is nor-
mally dealt with by an Immi-
gration board or would be
dealt with by the Cabinet of
the Bahamas which is the
executive governing authori-
ty. And the prime minister
has already said that his gov-
ernment is approving the pro-
ject, that being so, why are
we going through this? Was
this just an excuse for some-
body to attack the leader of
the Opposition?"

He later claimed that
Prime Minister Hubert Ingra-
ham had given Mr Gibson
direction to berate PLP
leader Perry Christie adding
that Mr Ingraham had stolen
the former PLP member

from the Opposition.

"If we are people who are }
selling the birthright by sell- ;
ing the land, then what you }
want us to do? You send }
somebody here to berate the }

leader of the Opposition..."

This prompted Mr Gibson, }
who was absent from the }
chamber, to return to his seat }
and declare that he was }
brought to Parliament by the }
people of Kennedy "and no }
one else, and if he (Dr Not- }
tage) don't like it, he can }

lump it.”

Later, while noting that the }
Opposition supports the }
Baha Mar deal and the eco- }
nomic stimulus the construc- }
tion phase and the continued
operation of the project }
would bring to the country, }
Dr Nottage said the current }
labour resolution did not sit }
right with the Progressive }

Liberal Party.

The Opposition would like
the resolution amended to }
ensure that Bahamian labour }
participation is maximised }
and to ensure that adequate }
training and skills are trans- }
ferred to Bahamian con- }
struction workers and trades- }

men.

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IN THIS April 2006 file photo photo provided by Earthjustice, a false
killer whale is seen leaping while chasing prey in waters off Hawaii. The
federal government said Tuesday it will recommend that a small
population of dolphins living near Hawaii be placed on the endangered
species list. (AP)

Feds: Put rare Hawaii dolphin
on endangered species list

HONOLULU

THE federal government
said Tuesday it will recommend
that a small population of dol-
phins living near Hawaii be
placed on the endangered
species list, according to Asso-
ciated Press.

Only about 150 or 170 of the
dolphins, known as false killer
whales, live in waters up to 87
miles off Hawaii's coasts.

A study published by the
National Marine Fisheries Ser-
vice in August said the small
population is at high risk of suf-
fering from inbreeding.

It's also at risk of being inad-
vertently snagged by fishing
lines.

The agency plans to post its
recommendation in the Feder-
al Register on Wednesday.

Michael Jasny, a senior poli-
cy analyst for the Natural
Resources Defense Council,
which last year petitioned the
government to list the popula-
tion, said the animal needs help.

"When you have a popula-
tion that's as small as this one,
as range-limited as this one, and
on such a dangerous trajectory
as this one, action is desperate-
ly needed," Jasny said. "This is
precisely the kind of situation
that the Endangered Species
Act was designed for."

False killer whales can grow
as long as 16 feet and weigh
more than 1 ton, and are usual-
ly black or dark gray. They
don't look like killer whales,
despite their name.

The species is found in trop-
ical and temperate waters

worldwide including off Mary-
land, Japan, Australia and Scot-
land.

A few hundred live in waters
farther from Hawaii's shores,
but this pelagic population is
separate from the group that
lives closer in.

Earlier this year a federal
advisory group recommended
that longline fishermen catching
ahi, mahimahi and other fish
use a different kind of hook to
minimize the chances they will
severe injure or kill the dol-
phins when they accidentally
get snagged on their lines.

The government formed the
advisory group in response to
data showing the Hawaii-based
longline fleet is accidentally
killing or seriously injuring an
average of 7.4 false killer
whales each year.

This exceeds the 2.5 per year
that the population can lose
without hurting its ability to
sustain itself.

The group also recommend-
ed that fleet captains undergo
training on how to release any
mistakenly caught false killer
whales in a way that minimizes
the risk of harm.

The dolphins tend to get
caught by in longlines because
they eat the fish that fishermen
have snagged for human con-
sumption: yellowfin tuna,
mahimahi and ono.

The National Marine Fish-
eries Service plans to host a
public meeting on its recom-
mendation January 20 in Hon-
olulu and accept public com-
ment on the issue through Feb-
truary 15.

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PAGE 14, THURSDAY, NOVEMBER 18, 2010

THE TRIBUNE



Courts ‘can’t stipulate’ length
of life sentence before parole |

FROM page one

Constitution or any statute to specify a
particular period of a life sentence which
a prisoner must serve before becoming
eligible for release on license.

“The prison service in England, as in
the Bahamas, is run by the executive
branch of the government. If it were
otherwise, it would appear to be at least
a conflict of interest or appear to involve
bias if a judge was to be personally con-
cerned with whether persons whom he
has sentenced to prison is or is not
released long before the period for
which he was sentenced expired.

“Equally, it is not open to judges in
the Bahamas to deal with the day-to-
day administration of the prisons. The
judiciary possesses neither the trained
manpower nor facilities to manage such
an institution and its inmates.”

She further stated: “It was always the
position that the executive determines,
in accordance with the prison rules,
when a prisoner has served the retribu-
tive/punishment part of his sentence and
in doing so, they usually give credit to a
prisoner for good behaviour in addition















‘i e MINISTRY OF WORKS & TRANSPORT

to the immediate reduction of their
prison sentence by one third.”

The appeals of Bowe, Davis and
White were heard together as they
stemmed from a judgment of Senior Jus-
tice Jon Isaacs delivered in May of this
year, and raised similar questions of law
and constitutional interpretation.

White was convicted of murder on
March 25, 1993, and sentenced to death
under what was then regarded as a
mandatory sentence. He appealed his
conviction and the Court of Appeal
quashed his murder conviction, set aside
the death penalty, substituted a convic-
tion for manslaughter and imposed a
sentence of life imprisonment.

Bowe was convicted of murder on
February 25, 1998, following a third tri-
al. He was initially given the mandatory
death sentence.

Trono Davis was convicted of mur-
der on December 13, 1999, and also
received the mandatory death sentence.
His conviction appeal was dismissed by
the Court of Appeal, however subse-
quently, Davis and Bowe filed a peti-
tion with the London Privy Council
against the validity of the mandatory
death sentence. Their petition was suc-

NOTICE
CORRIDOR 13B

LOCAL NEWS

cessful and as a result, the mandatory i

death penalty for murder convictions
was deemed unconstitutional. The

appropriate sentence was left to the dis-
cretion of the trial judge. Bowe was sub- }
sequently sentenced to life imprison- }

ment.

What constitutes a life sentence
remains somewhat ambiguous.

Attorney Jerone Roberts, who rep-
resented White and Davis, had argued
that Rule 253 of the Prison Rules stated
that “the case of every prisoner serving
a term of imprisonment shall be

every year subsequent to the prisoner
having served three years of his sen-
tence, or at shorter periods if deemed
advisable.”

Mr Roberts had contended that by

vesting those powers in the Governor
General, the statutes and rules pur-
ported to invest a judicial power in the
head of the executive and was also tan-
tamount to allowing the executive
branch to exercise the sentencing power
of the court.

Dame Joan said, however, she was
unable to accept that submission for the
aforementioned reasons.

WC
Co

PRINCE CHARLES HIGHWAY
New 24” Watermain Pipe Installation









Jose Cartellone Construcciones Civiles S.A wishes to advise the motoring public that road
works will be carried out on sections of PRINCE CHARLES DRIVE from Monday









November 15", 2010,

Road construction works will be ongoing to facilitate the installation of new twenty-four inches
(24°) water main pipe between the junction of Jndependence Highway, Marathon Road &
Robinson Road to the intersection of Sayle Ave. & Old Trail Road.










While the works are ongoing in the centre of the road, access will be provided for motorist
travelling eastbound and westbound.







Motonsts are advised to dnve with caution as they approach the work zone. Kindly obey the

flagmen and observe the signage outlining the work area.

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

We sincerely apologize for any inconvenience that may be caused by the partial road
closure and look forward to full the co-operation of the motoring public throughout this

project.

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Rahamas
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_ ot.
at

Lb a -

Film Festival isa

rr isle ae ed



Master classes to give
atlvice to aspiring actors,

By MEGAN REYNOLDS
Tribune Staff Reporter
mreynolds@tribunemedia.net

ASPIRING actors, directors
and screenwriters can hone their
skills and take industry advice
from the experts in a unique set
of master classes led by indus-
try professionals.

The Bahamas International
Film Festival (BIFF) has invited
award-winning actor and former
head of the Screen Actor's Guild
LA Casting Committee Ray-
mond Forchion to guide bud-
ding actors in a three-hour mas-
ter class at the College of the
Bahamas; while writer, director
and talk-show host Wil Shriner
will advise screen writing and
directing hopefuls in key aspects
of their craft in a second master
class the following day.

Both industry professionals
will also lead workshops in the
Filmmakers Residency Pro-
gramme during BIFF’s seventh
annual film festival from Decem-
ber 1-5.

BIFF founder and director
Leslie Vanderpool said: “This is
an amazing opportunity for peo-
ple to take advantage of.

“There is such a call out there
for actors who want to get on
stage and do film, but there are
not trained professionals around
to guide them.

“This is the best opportunity
they can take to get some train-
ing, when these industry profes-
sionals come in.”

Ms Vanderpool said Mr
Shriner has hosted hundreds of
hours of television during his
career, including his own Emmy-
nominated talk show, “The Will
Shriner Show’.

He is also a successful stand-
up comedian who continues to
perform at venues across the
United States and his comedy
writing procured Mr Shriner the
Humanitas Award for an
episode of NBC’s ‘Frasier’.

He has also written episodes
for several popular sitcoms

- directors and screenwriters

reviewed by the Governor General }

including the Emmy-winning
‘Everybody Loves Raymond’,
CBS’s ‘Becker’ and ABC’s ‘My
Wife and Kids’.

Acting class leader Mr For-
chion has co-starred in televi-
sion shows such as ‘Will and
Grace’, ‘In the Heat of the
Night’, ‘Numbers’ and ‘Star
Trek: The Next Generation’.

And in addition to his perfor-
mances, Ms Vanderpool said he
is also an exceptional teacher
whom she has had the benefit
of working with on several occa-
sions.

“Ray will give you personal
strategies and key information
for pursuing your acting career
with the straightforward honest
approach that has made him one
of the most respected acting
coaches and career consultants in
the business,” she said.

“This seminar, from an actor
who has been in the trenches
with over 40 years experience in
over 50 productions and nearly
100 union commercials, may turn
your life around,” she said.

By participating in the mas-
ter class, Ms Vanderpool hopes
local actors will be inspired as
many of his previous students
have been.

Former student Craig Frank,
an actor who has starred in ‘The
Young and the Restless’ and
‘Weeds’, said: “He takes me
places that I would never decide
to venture, which means I
explore.”

While Mercedes Renard of
‘Hitch’, ‘Law and Order’ and
‘House’, said: “It’s giving me the
reassurance I need at the
moment. Each time I have done
a seminar, I come out of them
refueled and ready to fight.”

The master class on acting will
be held on Monday, November
29 from 5.30pm to 8.30pm at the
College of the Bahamas (COB)
Performing Arts Centre. The
master class on screen writing
and directing will be held at the
same time and place on Tues-
day, November 30.

RBC FINCO
is considering applications for

Mortgage Specialist
FREEPORT BRANCH

The successful candidate should possess the following

qualifications:

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would be an asset

¢ Five or more years banking experience
¢ Previous experience in portfolio and liability
administration would be an asset

Key Skills:

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Relationship Building
Impact & Influence

Responsibilities include:

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Ability to manage multiple priorities

Demonstrated written and verbal communication skills
Proficiency in Microsoft Office

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* Contributing to meeting team sales plans by acquiring
and growing profitable client relationships
* Providing customized solutions and financial advice

desi:
obtaining a mortgage

ed to satisfy the client's long-term goals on

* Seeking out new clients by developing relationships
within the community and local centres of influence

¢ Enhancing thee

erience of existing clients by

providing accessibility and one-on-one advice and
valuable information on the intricacies of having a

mortgage

* Successfully anchoring clients with the appropriate
alta channel within RBC Royal Bank (Bahamas)

Limite

A competitive compensation package (base salary &
bonus) commensurate with relevant experience and
qualifications is offered.

Please apply before November 19, 2010 to:

Assistant Manager

Recruitment & Employee Development

Human Resources

RBC Royal Bank (Bahamas) Limited
Bahamas Regional Office

East Hill Street

PO. Box N-7549, Nassau, N.P, Bahamas

Via Fax: (242) 322-1367

Via Email: bahcayjp@rbc.com;

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





THE TRIBUNE THURSDAY, NOVEMBER 18, 2010, PAGE 19
LOCAL NEWS

Unique luxury
ship ‘The World’
docks in Nassau

JOHN Christie, director and
vice-president of HG Christie Ltd,
recently hosted a cocktail party
and tour onboard 'The World'
while it was docked in Nassau.

'The World’ is an opulent ship
offering the opportunity to travel
the globe.

While luxurious ships abound,
this vessel is unique in its provi-
sion of ownership into an exclu-
sive community where persons
purchase their private apart-
ments.

The residents, from about 40
different countries, live onboard
as the ship circumnavigates the
globe. Some live on the ship per-
manently while others visit their
apartments at different times
throughout the year.

For those who can afford it,
The World offers apartments that
are fitted with all the accou-
trements found in quality home
design and a never ending itiner-
ary that carries people to the far-
reaching corners of the Earth.

Speaking about his experience
aboard The World, Mr Christie
said the ship was “like having
access to the world aboard your
own luxurious yacht.”

H G Christie’s staff photogra-























































pher Patrick Robinson summed
up his first impression in one
word, “wow!”

“This is truly luxurious living
in every sense of the word,” he
said.

One of the cocktail party atten-
dees said of their experience of
the services offered: “A chef will
come to your room if you don't
want to go to any of the restau-
rants.”

There was also a feeling of awe
at the level of concierge services
offered.

“They will set up a place for
you to sleep on deck if it's what
you want. Consider it camping 4
la The World style,” said one par-
ty-goer.

€
.
- >"

> .
PS

eaister WP pteelel —) /, :
RZeRCe
Daria

a

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





PAGE 20, THURSDAY, NOVEMBER 18, 2010

THE TRIBUNE



LOCAL NEWS



BAIC targets
North Andros
satellite farms

By GLADSTONE
THURSTON

BAHAMAS Agricultural
and Industrial Corporation
(BAIC) has moved to revitalise
the former BARC satellite
farms in North Andros.

“In line with government’s
policy on food security, we are
doing whatever we can to assist
them to take advantage of the
many opportunities in food pro-
duction,” said BAIC executive
chairman Edison Key.

Accompanied by a high level
BAIC team on Tuesday, he
inspected work on the North
Andros greenhouse operation,
met with BARC farmers and
reviewed the first set of winter
tomatoes set to reach the mar-
ket within two weeks.

The 1,100-acre BARC
(Bahamas Agriculture
Research Centre) project
evolved out of a $10 million
USAID Independence gift to



PANDORA“

the Bahamas.

The land was prepared and
Bahamian farmers trained and
assigned farms ranging from 40
to 80 acres.

Portions of the original farms
have since been reduced to 10
and 20-acre plots.

The success of tourism has
lured many Bahamians to New
Providence over the last
decades, resulting in a decline
in agricultural pursuits.

But, as the original farmers
retired or moved on, in some
instances their children contin-
ued to work the land.

Livestock breeders there
have been given access to Boer
goat and dorper sheep breed
and nearly 50 acres of mulatto
grass are being planted to
accommodate them.

“That area can produce tens
of thousands of sheep and
goats,” said Mr Key, a former
large-scale farmer.

“Hopefully that industry will

develop there and help supply
the mutton needs of the coun-
try.”

BAIC extension officer
Ayert Lightbourne said the
spotlight was on farmers who
were already into production.

“We want to get them to the
next level,” he said. “We don’t
want to waste the government’s
money by forcing people into
things they do not want to do.

“So we are looking for peo-
ple who have already started
something and we help them
to achieve their objective and
the nation’s at the same time.”

The BARC second-genera-
tion farmers are ideal candi-
dates, he said.

Through a Ministry of Agri-
culture/BAIC initiative, more
farm equipment are available
at a less expensive price; sup-
plies are easier to get boosted
by a $20,000 BAIC grant to
the co-op farm store; and the
provision of additional exten-

\Md

Gladstone Thurston/BIS



TOMATOES: THE BAIC team admires naan tomato plants, the nfodet of the new drip irrigation and fer-
tigation systems employed by North Andros farmer Caleb Evans.

sion services, he said.

“There has been an improve-
ment in the technology with
more farmers utilising drip irri-
gation and fertigation systems,
and that has resulted in

“We are making good
progress. We plan to bring over
the buyers soon so they can see
first hand what the farmers are
producing.

“We want to lock them in so

duce directly to the wholesalers
and supermarket operators.
“The government is very sup-
portive and hopefully in due
time Bahamians will see that

we are on the right track this
increased production,” said Mr time,” said Mr Key.
Lightbourne.

One of two greenhouses at
the proposed North Andros
agro industrial park has started
production with cabbages,
tomatoes, sweet peppers,
spinach and Asian greens.

The other greenhouse is slat-
ed for fruit tree propagation for
distribution throughout the
island, said Mr Key, “so we can
really get production going in
this country and cut down on
some of the imports.”

the farmers can sell their pro-



SALAD GREENS spread out in the r new aiaennidlige at the proposed
North Andros agro industrial park.

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‘HAS PATIENT
LOST 100
MUCH BLOOD?’

* City Markets deal
closed Friday with
all relevant govt
approvals, but rival
- while praising
purchasers -
questions whether
supermarket chain
can still be saved

By NEIL HARTNELL
Tribune Business
Editor

THE acquisition of a 78
per cent majority stake in
struggling City Markets was
completed by businessman
Mark Finlayson and his
family on Friday, sources
familiar with the situation
told Tribune Business yes-
terday, as one rival - while
praising the new owners for
rescuing some 700 jobs -
questioned whether “the

SEE page 14B

‘MORE ENFORCEMENT’
NEEDED 10 STOP MLAT
FISHING EXPEDITIONS

Top accountant suggests
numerous insolvency/
winding-up reforms

By ALISON LOWE
Business Reporter
alowe@tribunemedia.net

A TOP liquidator yester-
day called for more enforce-
ment of the law surrounding
the ability of foreign gov-
ernments to use Mutual
Legal Assistance Treaties
(MLATs) with the Bahamas
to gain access to what would
otherwise be “confidential”
information on Bahamas-
based companies.

Maria Ferere, president
and director of FT Consul-
tants, and a former partner
at Ernst and Young, said
there should be “greater
enforcement” by the Gov-
ernment, as too often for-
eign governments were using
MLATs to undertake “fish-

SEE page 10B























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



THE TRIBUNE

isiness

THURSDAY,

By NEIL HARTNELL
Tribune Business Editor

THE Bahamas’ $906.5 million worth
of foreign currency reserves currently
exceed the International Monetary
Fund’s (IMF) import cover bench-
mark levels, the Central Bank gover-
nor telling Tribune Business yester-
day that pre-recession capital levels
“in excess of 20 per cent of risk-
weighted assets” had enabled the
Bahamian banking sector to “perform
credibly” during the recession.

Economic rebound THE BAHAMAS FIRST 2010
is ‘five years away’ |

* Estimated 20-30%
consumer demand slump
makes it ‘extremely
difficult’ for Bahamian
firms, generating 12-15%
net returns in good times,
to remain profitable

* Current recession
‘infinitely worse’ than
post-9/11 fallout, says
Chamber chief, with
many businesses ‘on the
brink and hanging on’

* Reiterates call for
‘catalyst’, agreeing that
$188m private sector
bad loans will act as
recovery drag

By NEIL HARTNELL
Tribune Business Editor

THE consumer demand
slump has made it “extreme-
ly difficult” for most
Bahamian companies, whose
net returns on investment
average 12-15 per cent per
annum, to remain profitable,
the Chamber of Commerce’s
president warning yesterday
that this nation might be
“five years away from begin-
ning to see meaningful eco-
nomic recovery”.

Describing this recession
as “infinitely worse” that the
post-September 11, 2001,
‘short, sharp shock’ to the
Bahamian economy, Khaalis
Rolle told Tribune Business
that using the 36-48 months
that it took this nation to
completely recover from
those events as a benchmark,
it seemed that the rebound
from current events might
take up to five years.

Acknowledging that the
$188 million in outstanding
non-performing loans by
Bahamian commercial banks
to the private sector showed
the business community was
going through “extremely
difficult times”, Mr Rolle
said: “If you look at the
structure of a typical com-
pany, their profit and loss
statements, most companies
are doing an average return
of 12-15 per cent in good
times.”

Linking this to the esti-
mated 20-30 per cent fall-off
in Bahamian consumer
demand, he added: “From a

SEE page 8B

NOVEMBER 18,



















’ BOB

Christmas

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/$906.5m reserves heat IMF's target

* Some 3.5 months of import cover exceed IMF’s three-month
benchmark, Central Bank governor says

* Praises commercial banking industry for ‘performing credibly’ in
crisis, aided by capital levels ‘in excess of 20% of risk weighted
assets’ pre-recession

* Excess liquidity at $431.5m, with seasonal drawdown on this and
reserves expected to be less than in previous years

* Return to ‘more normal lending patterns’ when economy and
employment improves

ence to the receipt of the likes of the
Fund’s Special Drawing Rights
(SDRs) - rather than improved
tourism and foreign direct investment
(FDI) inflows.

And she acknowledged that while
the seasonal drawdown on foreign
exchange reserves, as retailers and
businesses build-up stock for Christ-
mas, would lower their level from
$906.5 million, reduced credit and con-

SEE page 9B



WENDY CRAIGG

months worth of imports, a level
ahead of the IMF’s three-month
benchmark, had been boosted by
“one-off” inflows - a seeming refer-

_ INSOLVENCY REFORMS CALLED FOR

* Leading accountant urges more
‘avenues’ to rebound built into law, as
‘corporate recovery paths’ not used
often in Bahamas

* Says rise in Bahamas-based company
liquidations likely in near future,

and says current economy perfect
environment for reforms

By ALISON LOWE
Business Reporter
alowe@tribunemedia.net

Responding to a detailed series of
questions e-mailed to her by Tribune
Business, Mrs Craigg said the external
reserves, while equivalent to 3.5

FINANCIALS TO HIT OR
_ “EXCEED’ BUDGET FORECASTS

* Bahamian group’s key general insurance subsidiary
? removed from ‘review with negative implications’ by
: A.M. Best, and has key ratings affirmed
: * ‘Significant losses’ on Cayman health portfolio will not
be ‘big drag’ on 2010 performance, CEO says, with
‘corrective actions’ already taken
* Adds that health business not for sale ‘in near term’
* Rating action shows insurer ‘on firm footing’

By NEIL HARTNELL

Tribune Business Editor . .
ARGUING that present economic condi-

tions represent an ideal time for the Gov-
ernment to introduce new legal “avenues”
that may guide troubled companies towards
recovery rather than “forcing them to close

SEE page 7B

BAHAMAS FIRST HOLDINGS yes-
terday said its 2010 year-end financial results
were likely to hit or “exceed” internal Bud-
get forecasts for both revenues and prof-

SEE page 7B

Aoply for a Christmas Cash Loan online or at your

nearest branch and get a chance to spin the new Ay
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Head Office: (242) 397-3000 | www.BankBahamas.com

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THE TRIBUNE

THURSDAY, NOVEMBER 18, 2010, PAGE 3B



Make logo a ‘go go’
for your branding

By DEIDRE M. BASTIAN

HOW important is a
logo? Much has been said
about a company's need
for a distinct identity to
survive in an overcrowded
market place. Logos,
which are a pictorial recog-
nition of a company's
name, values or services,
were created in 1967 for
educational use. They sub-
sequently evolved into a
fundamental or root of the
brand.

David Aaker, in his
book Building Strong
Brands, emphasises that
“familiarity of a Brand
elicits clients to indulge”.
Nonetheless, one of the
most important decisions
a business owner can make
is choosing the logo design.
So ask yourself: How
would a logo benefit my
company? In other words,
would a logo amplify or
enhance my overall pur-
pose? Does it really make
sense to have a logo? lam
convinced that one of
these questions has
popped into your head.
You might feel that a logo
might not make sense if
you ran a small accounting
company from your home,
but what's the best way to
decide?

Let’s start by stating
that, when you are in an
industry with similar prod-
ucts or services, a “unique
factor” is what every busi-
ness should strive for, since
this is what really sets you
apart. For example, travel
agencies often use globes
in their logos, so aim to use
something else. Customers
need to know you are
unique, and your logo
should say just that. How
do you feel showing up at
a business meeting, and
your competitor has on the
exact Sane suit or dress as
you? Not a good feeling, I
imagine. Without a logo, it
will be difficult for anyone
to identify your company
among the multitude of
computer, t-shirt, shoe,
beauty and food compa-
nies on the market.

An old adage states: “A
picture is worth a thousand
words”. If you know how
the human mind works,
memory can be triggered

THE ART OF

GRAPHIX

DEIDRE M.BASTIAN




by the slightest hint of see-
ing the same logo again
and again. Experts suggest
that people tend to
remember images more
than text.

Imagine if McDonald's
did not have the ‘golden
arches', or Nike's ubiqui-
tous 'swoosh' never exist-
ed? Would their brands be
as strong today if that
image wasn't imprinted on
the minds of most con-
sumers? Maybe not.

A logo design can occa-
sionally represent the his-
tory and popular culture
of that time. At some
point, you may have seen
logos that are more thana
century old, which repre-
sents history and contribu-
tions to the economy.

Whether your logo is
seen on television, in the
pages of a magazine or a
newspaper, you want your
logo to scream: “Look at
me, we gat what you
need!” You want an auda-
cious logo that explodes
and captivates your cus-
tomers, so try not to make
it too complex, because it
will not lend itself to mul-
tiple uses and can poten-
tially fail to deliver your
message clearly.

Logos need to function
smartly in many different
mediums, from the Inter-
net to print advertising sce-
narios, envelopes to memo
pads. To encourage repeat
business as well as refer-
rals, don’t forget to put
your logo on all your
online materials.

Bear in mind that all
logos can be shrunk to fit
certain items, such as a
business card, or blown up
larger like a billboard, if it
is converted and format-
ted properly. A tag can

NOTICE

This is a presumptive notice to all
would be investors.

Please ensure proper title verification
on all commercial & residential
properties, on Burnt Ground, Long
Island, otherwise you run the risk of
losing your investment.

| THE COLLEGE OF THE BAHAMAS

Faculty Vacancies
Northern Bahamas Campus

Visit our website at www.cob. edu. bs

Applications are invited from suitably qualified persons
for the following positions at The College of The
Bahamas Northern Bahamas Campus in Grand

Bahama:-

Assistant Professor, Accounting
Assistant Professor, Management & Marketing
Assistant Professor, Computer Information Systems

Assistant Professor, Biology

Assistant Professor, Early Childhood Education
Assistant Professor, Literature and Composition

Librarian IT

For detailed job

descriptions,

please visit

www.cob.edu.bs/hrapply. Interested candidates should
submit a detailed resume and cover letter of interest no
later than Tuesday, November 30th, 2010. A completed
application package, cover letter of interest and resume
should be forwarded to: Associate Vice President,
Human Resources Department, The College of The

Bahamas, Oakes Field Campus,

PO. Box N-4912,

Nassau, Bahamas OR hrapply@cob.edu.bs,

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

also be included in your
company’s logo, which is
simply a small list of ser-
vices or products your
company provides.

Getting started

Before you begin sketch-
ing, first articulate the
message you want your
logo to convey. Try writ-
ing a one-sentence image
and mission statement to
help focus your efforts.
Stay true to this statement
while creating, and don’t
proclaim services that are
not offered.

Most importantly, deter-
mine before designing who
you are; your business's
mission, vision and pur-
pose; what you do; prod-
ucts and services that you
deliver; who you can best
help; and your target audi-
ence. Remember, your
logo has to connect with
your clients, so ensure you
are designing for them and
not for yourself. Here are
some extra tactics and con-
siderations that may aid
you when creating an
appropriate company logo.

Make it clean and func-
tional

Your logo should work
just as nicely on a business
card as on the side of a
truck. It should be scal-
able, easy to reproduce,
memorable and distinctive.
Icons usually work better
than photographs, which
may be indecipherable if
enlarged or reduced sig-
nificantly. Be sure to cre-
ate a logo that can be
reproduced in black and
white, so that it can be
faxed, photocopied or used

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PAGE 4B, THURSDAY, NOVEMBER 18, 2010 THE TRIBUNE



Higgs & Johnson

officer passes exam

A RISK officer at Higgs & Johnson,
Sharon Albury, has passed the Canadian
Securities Course (CSC) exam after
studying at the Nassau-based Securities
Training Institute (STI). Michael Miller,
STI’s president and founder, said:






“Attending the STI workshop allows stu-
dents to gain a comprehensive under-
standing of the core subject matter, and
acquire the knowledge needed to write
the CSC exam with greater confidence.”
Ms Albury is pictured.

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Make logo a ‘go go’
for your branding

FROM page 3B

in a black-and-white ad as
effectively as in colour.

Your business name will
affect your logo design

For example, for a com-
pany called ‘Lightning Bolt
Printing’, the logo might
feature some creative
implementation of.......
you guessed it, a lightning
bolt, or even could be
manipulated to suggest
speed and assurance. Be
relevant and creative.

Don't use clip art

However tempting it
may be, clip art can be
copied too easily. Not only
will original art make a
more impressive statement
about your company, but
it will set your business
apart from others.

Avoid trendy looks

One option is to make
gradual logo changes and
choose one that will stay
current for 10 to 20 years,
or longer. Quaker Oats
modified the Quaker man
on its package over a 10-
year period to avoid
undermining customer
confidence. That’s the
mark of a good design,
don’t you think?

Watch Your Colours

Be careful as you
explore color options.
Your five-colour logo may
be gorgeous, but when
producing it on stationery
the price won't be so
attractive. Nor will it work
in mediums that only allow
one or two colours. Try





ROYAL FIDELITY

Minbery at Work

Ke

FG

CAPITAL MARKETS
BROKERAGE & ADVISORY SERVICES

Pa 2




BISX LISTED & TRADED SECURITIES AS OF:

cite. ca Mw TA TT.




TUESDAY, 16 NOVEMBER 2010

BISX ALL SHARE INDEX: CLOSE 1,490.45 | CHG 0.17 | %CHG 0.01 | YTD -74.93 | YTD % -4.79
FINDEX: CLOSE 000.00 | YTD 00.00% | 2009 -12.31%



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










52wk-Low Security
AML Foods Limited
Bahamas Property Fund
Bank of Bahamas
Benchmark

Bahamas Waste

Fidelity Bank

Cable Bahamas

Colina Holdings
Commonwealth Bank ($1)
Consolidated Water BDRs
Doctor's Hospital
Famguard

Finco

FirstCaribbean Bank
Focol (8S)

Focol Class B Preference
ICD Utilities

J. S. Johnson

Premier Real Estate

Previous Close Today's Close

1.01
10.63
4.90
0.18
2.84
2.17
10.46
2.40
6.55
1.83
1.60
6.07
7.26
9.74
5.46
1.00
5.59
9.90
10.00

Change Daily Vol.
1.01

10.63
4.90
0.18
2.70
2.17

10.46 0.00
2.40 0.00
6.56 0.01
1.80 -0.03
1.60 0.00
6.07 0.00
7.26 0.00
9.74 0.00
5.46 0.00
1.00 0.00
5.59 0.00
9.90 0.00

10.00 0.00

EPS $

Div $ P/E
0.150 i. 6.7
817.7
0.598 8.2
-0.877 N/M
0.168 16.1
0.016 135.6
1.050 10.0
0.781 3.1
0.422 15.5
0.111 16.2
0.199 8.0
-0.003 N/M
0.287 25.3
0.645 15.1
0.366 14.9
0.000 N/M
0.012 465.8
0.971 10.2
0.991 10.1

0.013

not to exceed three colours
unless you decide it's
absolutely necessary.

Hire a Designer

A professional design
firm may charge anywhere
from $4,000 to $15,000 for
a logo design. Shop
around, as there are a lot
of [freelance] designers
with rates ranging from
$15 to $150 per hour,
based on their experience.
Don't hire someone just
because of a bargain price
or because it’s your moth-
er-in-law’s uncle. Remem-
ber that a good logo
should last at least 10
years, so if you look at the
amortisation of that cost
over a 10-year period, it
won't seem so bad.

Graphic designers
should recognise whether
or not a logo design will
transfer easily into print or
on to a sign. So ensure
your beautiful design can
be transferred and will not
cost too much to be print-
ed. Your logo is the foun-
dation of all your promo-
tional materials, so this is
one area where spending
a little more now can real-
ly pay off later.

Ensure that you receive
your logo graphic from
your designer in its original
created format, especially
now that it belongs to you.
Pay attention to this. This
will enable you to send
your files to other agencies
if needed, such as other
designers, printers or
another service, in the
future.

Protecting Your Logo

Once you've produced a
logo, ensure it is trade-
marked to protect it from
use by other companies.

Creating a logo sounds
easy, doesn't it? Well, it
can be. Just remember to
keep your customers and
the nature of your business
in mind when you design
and put it all together. In
time, you will have suc-
ceeded in building equity
in your trademark, which
will become a positive and
recognisable symbol of
your product or service.

Remember that a logo
can be considered an
investment that will be one
affair reaping revenue
from a lifelong love. So get
cracking and reap a life-
long love for your busi-
ness. Until we meet again,
play a little, have fun and
stay on top of your game.

NB: The author encour-
ages feedback at:
deedee2111@hotmail.com

READERS FEEDBACK
From: Anthony Longley

Hi Dee:

I've been reading your
articles from time to time
and just wanted to say how
proud I am of you. You
are a great writer with a
truly ‘reader friendly’ style.

I enjoyed this week's
piece on Newsletters. I
found it very informative.
There is just one thing I
would have liked to see
you mention. Under Pho-
tos/Illustrations or Cap-
tions, you could have spo-
ken to the importance of
giving credit to the author
of any quotes, and the
artist or photographer
where illustrations/pho-
tographs are concerned.
This is just my observation
as a photographer who
regularly contributes to
newspapers and newslet-
ters.

By the way...I love the
glamour photo. You're still
looking like the beautiful
PWHS alumni graduate.
Keep it up!

Best Regards
Tony

From: Deidre M.Bastian

Hi Tony. It’s a joy hear-
ing from a very ambitious
an astute class mate. It is
also a pleasure that you
have expressed interest in
The Tribune’s Business
section, particularly the
column of ‘The Art of
Graphix’. Thanks for the
helpful tip, duly noted.
Keep on reading!

Deidre M. Bastian
The Art of Graphix

BISX LISTED DEBT SECURITIES - (Bonds trade on a Percentage Pricing basis)
Security Symbol Last Sale Change Daily Vol. Interest
Bahamas Note 6.95 (2029) BAH29 99.46 0.00 6.95%
Fidelity Bank Note 17 (Series A) + FBB17 100.00 0.00 T%
Fidelity Bank Note 22 (Series B) + FBB22 100.00 0.00 Prime + 1.75%
Fidelity Bank Note 13 (Series C) + FBB13 100.00 0.00 T%
Fidelity Bank Note 15 (Series D) + FBB15 100.00 0.00 Prime + 1.75%
RoyalFidelity Merchant Bank & Trust Ltd. (Over-The-Counter Securities)
Symbol Bid $ Ask $ Last Price Daily Vol.
Bahamas Supermarkets 5.01 6.01 14.00
RND Holdings 0.35 0.40 0.55
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%
1.5122 5.11%
2.9187 1.10%
1.5655 3.87%
2.8624 -8.16%
13.5642 1.47%
114.3684 9.98%
106.5528 4.75%
1.1318 3.85%
1.0969 2.71%
1.1320 3.78%

NOTICE

Pursuant to the provisions of Section 137 (4) (a), (b)
and (c) of the International Business Companies Act,
2000, notice is hereby given that: -

Maturity
20 November 2029
19 October 2017
19 October 2022
30 May 2013
29 May 2015

EPS $
-2.945
0.001

Div $
0.000
0.000

ABDAB
RND Holdings

4.540
0.002

0.000
0.000 261.90 0.00%]
NAV 3MTH
1.490421
2.919946
1.545071

NAV 6MTH
1.467397
2.911577
1.530224

Fund Name

CFAL Bond Fund
CFAL MSI Preferred Fund

1.4954 CFAL Money Market Fund

2.8522 Royal Fidelity Bahamas G & I Fund
13.0484 Royal Fidelity Prime Income Fund
101.6693 CFAL Global Bond Fund

99.4177 CFAL Global Equity Fund

1.0000 FG Financial Preferred Income Fund

1.0000 FG Financial Growth Fund

1.0000 FG Financial Diversified Fund

9.1005 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

NAV Date
31-Oct-10
30-Sep-10
12-Nov-10
31-Aug-10
30-Sep-10
30-Jun-10
30-Sep-10
30-Sep-10
30-Sep-10
30-Sep-10

Last 12 Months %
6.78%
3.13%
4.48%
-7.4A8%
2.95%
12.49%
7.18%
5.22%
644%
5.71%

(a) LADY KILLER INC. is in dissolution;

1.4076
2.8300

(b) The date of commencement of the dissolution
is the 5th day of November, A.D., 2010 and

109.392860
100.779540

107.570619
105.776543

9.7458 4.35% 5.22% 31-Oct-10

(c) the Liquidator is C.B. Strategy Ltd., of 308
East Bay St.

10.0000
10.6000 -1.58% 4.26% 31-Oct-10
9.1708
9.5037 -4.96%
8.1643 5.78%
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 earnings 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

-4.96%
9.42%

31-Oct-10
4.8105 31-Oct-10
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

C.B. Strategy Ltd.
LIQUIDATOR

P/E - Closing price divided by the last 12 month eamings
KS) - 4-for-1 Stock Split - Effective Date 8/8/2007
($1) - 3-for-1 Stock Split - Effective Date 7/11/2007

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

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





THE TRIBUNE

THURSDAY, NOVEMBER 18, 2010, PAGE 5B





Worker training plan is ‘judged’ a success

BAHAMIANS have for the
first time acted as judges in a key
Florida landscape technician cer-
tification examination, a devel-
opment that a leading business-
man believes shows the value of
educating and empowering this
nation’s workforce.

In an e-mail sent to Tribune
Business, Robert Myers,
Caribbean Landscape’s presi-
dent, said that more than 20 of
the company’s staff had attained
certifications in horticulture,
landscape installation and land-
scape maintenance since the
Bahamas Landscape Association
introduced the Florida Nursery
Grower & Landscape Associa-
tion (FNGLA) certifications in
2008.

Caribbean Landscape person-
nel have also obtained seven
judge certifications and, this
month, this allowed three of
them for the first time to judge
Bahamian and US candidates
taking the FNGLA certified
landscape technician exam in
Florida.

Mr Myers told Tribune Busi-
ness: “In the company’s compul-
sory pursuit of educating and
empowering its workforce, we
have certified all of our man-
agers, foremen and many of our
lead men. In addition, we have

also encouraged those with the
skills to complete the FNGLA
trainers programs and then go
on to obtain their judge status.
This month marks the comple-
tion of our first seven judges.
“We have seen the power of
education and training for our
employees pay off through the
quality of their work and the
pride in which it is performed.
There is no doubt in my mind
that an educated workforce is far
more driven and productive than

Legal Notice
NOTICE

NOTICE IS HEREBY GIVEN as follows:

(a) EUROPEO OVERSEAS SA is in dissolution under the provi-
sions of the International Business Companies Act 2000.

NEW JUDGES: From L to R: Jeff Mitchell, Alvarado Write and Adam Issac

what exists in our country today.
Career training with industry cer-
tification is our only hope for a
productive workforce.”

The Bahamas Landscape
Association (BLA) was found-
ed by Mr Myers and Conray
Rolle of Kerzner International,
both serving as co-chairmen.

“Quality and high standards
is what will drive our industry
forward, and the fact that we
have turned out the first future
trainers and judges in the



Bahamas with no help from the
Ministry of Education or Gov-
ernment is a testament to the
strength of our commitment and
that of the industry,” Mr Myers
said.

“Our goal as an Association
is to be able to field these certi-
fication programs here in the
Bahamas in 2011, with our own
people as the trainers and judges.
This will allow all local landscape
companies, hotels and property
owners to become members of

Legal Notice
NOTICE

NOTICE IS HEREBY GIVEN as follows:

(a) UNITED AMTRADE LTD. is in dissolution under the provisions
of the International Business Companies Act 2000.

the BLA and to sign up their
employees for certification pro-
grams.

“With the financial commit-
ment from the likes of Caribbean
Landscape and Kerzner Inter-
national, we have achieved a

great deal by sending our
employees to the United States
and allowing them to earn these
most important certifications.
Now they will be able to teach
their knowledge to our fellow
Bahamians.”



[EMPLOYMENT
I OPPORTUNITY

a Restaurant managers needed for leading fast
food franchise

Requirements:

¢ Must have at least two (2) years of
restaurant management or food &
beverage management experience

¢ Must have strong leadership skills

¢ Must be customer service driven

¢ Must be results-oriented & articulate

¢ Must have excellent inter-personal skills

¢ Must have excellent oral & written
communication skills

(b) The Dissolution of said Company commenced on
November 17 , 2010 when its Articles of Dissolution were submitted
and registered by the Registrar General.

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

(d) All persons having Claims against the above-named Company are
required on or before the 14th day of January, 2011 to send their names
and addresses and particulars of their debts or claims to the Liquida-
tor of the company or, in default thereof, they may be excluded from
the benefit of any distribution made before such debts are proved.

November 18, 2010

ZAKRIT SERVICES LTD.
LIQUIDATOR OF THE ABOVE-NAMED COMPANY

(b) The Dissolution of said Company commenced on

November 17, 2010 when its Articles of Dissolution were submitted
and registered by the Registrar General.

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

(d) All persons having Claims against the above-named Company are
required on or before the 14th day of January, 2011 to send their names
and addresses and particulars of their debts or claims to the Liquida-
tor of the company or, in default thereof, they may be excluded from
the benefit of any distribution made before such debts are proved.

November 18, 2010

ZAKRIT SERVICES LTD.
LIQUIDATOR OF THE ABOVE-NAMED COMPANY



Mcdonald’s offers excellent benefits! ul

Please submit resume to:
Human Resources Department
Medonald’s Head Office on Market St.
North a
P. O. Box SS-5925
Telephone: 325-4444
Nassau, Bahamas ii

“Surviving”

ANDRE}p,

<
>*scHOOL *



Flr Lavtiermcatioviat ‘Lofwl! a” Fis Wier rire
POLrSTET Faia



= r

A student group wit

a

h their raft - race ready.



their team performed in the raft race!

Middle School at St Andrew’s

The Survival unit is an important component of the
academic program and develops essential teamwork
and critical thinking skills. In Science, Social Studies,
Math and English lessons, students work on buoyancy,
mapping skills, calculating area, creative writing and
reflective journals. Two highlights of the unit include
a day out, ‘surviving’ on Rose Island and a raft race in
the St Andrew’s pool.

as



By: Rachael Williams, St Andrew’s School Middle School

At the beginning of each school year, all year 7
students work in teams to complete a variety of
learning activities and team challenges relating to
“Survival”. They read a novel about survival, The Cay



Curriculum Coordinator

~ the transition from primary to middle
school can be a challenge for adolescents. “Young
people undergo more rapid and profound personal
changes between the ages of 10 and 15 than at any other
time in their lives (NMSA, 2003, p 3).” In order to meet
the unique physical, intellectual, emotional and social
developmental needs of middle school students, St
Andrew’s school engages them in an interdiscrplinary
unit that is challenging and exploratory. The Survival
unit is eagerly anticipated by year 7 students and for
those students who have been ‘survivors’, the memories
are lasting. Graduating year 12s can still tell you the
name of their survival team and more importantly, how



f 2 "seeetgeich r
he aol a
A student group building their raft.

by Theodore Taylor or Hatchet by Gary Paulsen, and




explore various aspects of survival in other lessons.

Amelia and Sophia weaving palm fronds on Rose Island.



7:







a Te Fi “She
On Rose Island, Xavier, Oliver, Nicholas, Janae and Katrina
working on a solar still to get drinkable water.

Every year, an incredible team of year 7 teachers
works diligently to plan and implement this unit. The
enthusiasm of the teachers, Mary Knowles, Keith
Fadely and Tiffany Saunders, is an integral force in the
continuing success of the Survival unit.

Reference: National Middle School Association. (2003). This we
believe: Successful schools for young adolescents. Westerville,
OH: Author.

Reflections from past ‘survivors’:

“My ream and 1 accomplished so many Lhings
choy 1 thovgh+ L could never aceompl?sh.”
Craoren)

“No matter how many challenges Lhere are,

mH dhe end, everyone wins.” CSoomys)

“L learned thot surviving wtth simple
things Ten’y cosy. L quesefoned why Brian,
a charoever fn dhe novel Harecher,
overreceding +o dhe work, bor now L eel
lis patn.” ( esiny)

WGS

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



PAGE 6B, THURSDAY, NOVEMBER 18, 2010

THE TRIBUNE



COMONWEALTH
BANK has announced it
will pay an extraordinary

dend will be paid on
November 30 to sharehold-
ers of record as of Novem-

$0.03 per share dividendto _ ber 18, 2010.
its 6,500 shareholders, fol-
lowing earnings of $40 mil- Recession

lion for the first nine
months of 2010, compared
to $34 million in the prior
year.

The extraordinary divi-

It marks a return to mak-
ing pre-Christmas extraor-
dinary dividend payments,
after these were temporari-



TB DONALDSON





















































THE COLLEGE OF THE BAHAMAS

Visit our website at www.cob.edu.hs

Faculty Vacancies

Applications are invited from suitably qualified persons bor the bollawing Full- time faculty
Positions to teach effective August 2ah1 1:

Assistant Professor, Accounting :
Assistant Professor, Finance and Assistant Professor, College Compesitian
Boon mnics and Literature
Assistant Professor, Management and
Marketing

Assistant Professor, Computer
Information Systems Assistant Professor, Physics
Assistant Professor, blathermatics
Life Schemoes

Assistant Professor, Agriculture

Assistant Professor, Chemistry

Assistant Professor, Environmental
Sustainability

Assistant Professor, Geography

Schoo! of Nursing and Allied Mealth
Professions

Assistant Professor, Pharmaceutical
Sciences (Groevenor Clode Campus)

Assistant Professor, Criminal Justice
School of Communicative mane Cred tive Studies
Ants
Assistant Professor, Art Uy — Lh.
Assistant Professor, Moosic Assistant Professor, Law
Ascistant Professor, Foreign Languages
(Haitian Creole French)
Assistant Professor, Foreign Languages
(Spanish)
Assistant Professor, lJowrnalism

Lik : 7 ; | Medi
Services

Librarian I, Head of Public Services and
Reference Librarian

Librarian U, Head of Technical Services
and Cataloguing Librarian

Assistant Professor, Relighwus: Education

For detailed job descriptions, visit ww wucobedubsbrapply. Interested candidates
should submit a detailed resume and caver letter of interest ne later than Tuesday,
November 30th, 2070. A completed application package, cover letter of interest and
resume should be forwarded to: Asseciate Vice President, Human Resources Department,
The College of The Bahamas, Oakes Field Campus, P.O, Box N-4912, Nassau, Bahamas OR
cob, ex

THE PARTNERS SELF-FUNDED
HEALTH PLAN

THE PSFHP: “Partaering Ts Bring, Tou The Bert be Afferdsble Beokdicore In The Boho”

70% Sign Up For Teachers’ Health Plan Via The
Partners.

Attention Teachers:

As of 5:00pm, 12" November, 2010, some 70% (450-500) of
the Teachers (Nassau, Freeport & Family Islands) have
signed up for The Teachers’ Health Plan, but most are
tremendously challenged to pay the premiums for the
month of November.

The Partners Health Plan has negotiated a further extension
for The Teachers for their benefits at present rates, With
Continuity, through Friday, 11/19/2010.

Thereafter, benefits may be secured, but likely without
Continuity.

Remaining members are encouraged to complete the
application process ASAP so as to establish the Effective
Date of Benefits and Maintain the Present Premiums.

Arrange At Assured Financial Services on 432 East Bay
St. and Victoria Avenue, opposite the Mosko Building.

Tel: 322-6735, 225-3703 or
502-9650.

ly suspended last year as the
economic recession impact-
ed the Bahamian economy.

“Our performance in
2010 shows a significant
improvement over 2009,
and we are sharing this
improvement with our
shareholders to help them
through the undoubted
challenging times that are
still ahead of us. This extra-
ordinary dividend reflects
a consistent reduced level
of economic activity for
2010; we do not believe that
the economy has yet

Bank unveils
extra dividend

entered a recovery phase.”
said chairman T. B. Don-
aldson, CBE.

“The success of the
bank,” he said, “rests solid-
ly on the support of our
shareholders, the loyalty of
our customers and the ded-
ication and commitment of
our staff.”

Commonwealth Bank,
the wholly-owned Bahami-
an financial institution,
operates eleven branches in
New Providence, Grand
Bahama and Abaco and
employs over 500 staff.

NOTICE

IN THE ESTATE OF MURDAUGH
STUART MADDEN, domiciled and late
of 2530 Queen Anne’s N.W. in the City of
Washington, District of Columbia one of
the States of the United States of America,

deceased.

NOTICE is hereby given that all persons having any

claim or demand against or interest in the above Estate

should send same duly certified in writing to the
undersigned on or before 6th December, 2010 after
which date the Personal Representative will proceed

to distribute the assets of the Estate having regard

only to the claims, demands or interests of which he
shall then have had notice AND all persons indebted
to the above Estate are asked to settle such debts on or

before 6th December, 2010.

FREDERIK F. GOTTLIEB & CO.
Attorneys for the Personal Representative
Chambers
Bay Street,

P.O. Box AB-20405
Marsh Harbour Abaco,

The Bahamas

Christmas





MORTGAGE
APPLICATIONS
TUMBLE FOR

WEEK IN US

NEW YORK
APPLICATIONS for

i mortgages to buy

i homes and to refinance
: dropped last week as

i mortgage rates pulled

i away from historic

i lows, according to Asso-
: ciated Press.

The Mortgage

i Bankers Association

: said overall applications
i fell 14.4 percent froma
i week earlier. Applica-

i tions to refinance tum-

i bled 16.5 percent from

i the week earlier, while

i those taken out to pur-

? chase homes fell 5 per-

i cent last week.

The decline in appli-

i cation volume comes as
i rates on fixed-rate

i mortgages jumped

i because of stronger

i economic data and

? doubts about the

i impact of the Federal

i Reserve's massive

i bond-buying program.
: The central bank plans
i to buy $600 billion in

: Treasury bonds in an

i effort to lower interest
? rates on consumer and
i business loans to spur
i economic growth.

Rates had been at or

? near their lowest levels
i in decades since spring
: as investors put money
? into safer Treasury

: bonds. That has low-

i ered their yields, which
i mortgage rates tend to
i track.

However, low rates

i have done little to

? boost home sales, which
i have faltered after the

i expiration of federal tax
i credits at the end of

i April.

Tight credit, worries

? over jobs and expecta-

i tions that home prices

: have further to fall have
i kept many buyers on

i the sidelines.

The Mortgage

i Bankers Association's
i survey covers more

: than 50 percent of all
i applications nation-

i wide.

men LIS
SOK 4 101

Jollification
Arts & Crafts Festival

The Retreat, Village Road

Saturday, 2O November

11am to Spm

Sunday, 21 November

12 noon to 5pm

Featuring:

Plants, books, children’s crafts,
decorations for the holiday season
and food from around the worla!

BNT Members: $5

General Admission: $ 10

Children (2-12):$2

Infants (under 2): FREE

dial lien
awe.

This ad sponsored by: Deltec Bank And Trust Ltd ¢ Mr. & Mrs.
Macgregor Robertson « Insurance Management (Bah) Ltd © Avis
Rent-A-Car « Bahamas Realty Ltd * Gunite Pools Of Nassau Ltd ©

wi Nassau Underwriters Agency e Bahamas Wholesale Agency ® Amour

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



THE TRIBUNE

THURSDAY, NOVEMBER 18, 2010, PAGE 7B



SINE
THE BAHAMAS FIRST 2010 FINANCIALS

FROM page one

itability, as its key general
insurance subsidiary was
removed from ‘review with
negative implications’ by the
leading global insurance rat-
ing agency.

Expressing the Bahamian
property and casualty insur-
ance group’s “delight” at the
action by A. M. Best, which
reaffirmed Bahamas First
General Insurance Company’s
financial strength rating of A-
(Excellent) and ‘a-’ issuer
credit rating, Patrick Ward, its
president and chief executive,
said “corrective actions” had
been taken to address “signif-
icant losses” incurred in its
newly-acquired Cayman sub-
sidiary’s health portfolio.

Yet despite speculation in
the Bahamian insurance
industry that Bahamas First
was likely to sell Cayman First
Insurance Company’s health
policy portfolio, since it was
a non-core area for the group,
Mr Ward said this would not
happen - at least in the near
term.

He told Tribune Business
that depending on the 2010
fourth quarter results, the
impact of Cayman First’s
health business on the over-
all Bahamas First Holdings’
results could even be “almost
neutral”, and at worst would
not be a major drag.

“The third quarter results,
which the Board has just
approved, were tracking close

FROM page one

to Budget,” Mr Ward told this
newspaper. “The fourth quar-
ter is traditionally our
strongest quarter, and barring
any catastrophe events, we
expect to finish the year, if not
on Budget, in excess of Bud-
get, both on top-line growth
and profitability.”

Tribune Business last
month revealed that Bahamas
First Holdings was projecting
an 80.5 per cent increase in
year-over-year net compre-
hensive income to $7.598 mil-
lion for its 2010 financial year,
boosted by a forecast $2 mil-
lion contribution from its new
Cayman Islands acquisition.

Gross written premiums are
projected to jump to $149.106
million this year, and net pre-
miums are forecast to hit
$59.649 million.

The same trends and pat-
terns are forecast for total
underwriting income, which is
projected to hit $82.266 mil-
lion in 2010, followed by net
underwriting income, which is
projected to strike $24.442
million in 2010.

Bahamas First Holdings’
net technical results were fore-
cast at $6.006 million in 2010,
and its combined ratio, which
measures underwriting prof-
itability, was projected to rise
from 68.77 per cent in 2009 to
70.29 per cent this year.

A. M. Best, in removing
Bahamas First from its ‘review
with negative implications’,

still left a ‘negative outlook’
on its Cayman First Insurance
subsidiary due to “the drag on
its operating results due to the
significant losses emanating
from the company’s accident
and health lines of business”.

Acknowledging that “there
are some ongoing issues with
the health portfolio”, Mr
Ward told Tribune Business:
“We've initiated a number of
corrective actions that are
starting to bear fruit.” This
information, he added, had
been shared with A. M. Best.

Asked whether Bahamas
First Holdings would seek to
divest Cayman First’s health
portfolio, Mr Ward replied:
“We think we can make a suc-
cessful go of it. It’s not cur-
rently for sale, and we don’t
anticipate it will be in the
short to near-term.”

He told Tribune Business
that Cayman First’s health
portfolio would not be “a big
drag” on the wider group’s
performance, adding:
“Depending on the fourth
quarter turn out, it could be an
almost neutral impact, but it’s
not expected to be a big drag
on earnings.”

In removing its review of
Bahamas First General Insur-
ance Company, A. M. Best
said yesterday: “As the pri-
mary holding and major
source of earnings for
Bahamas First Holdings, the
ratings of Bahamas First Gen-

eral Insurance Company
reflect its continued excellent
capitalisation, favourable
operating performance and
established presence in the
Bahamian market.

“These factors are support-
ed by the company's conserv-

a
NAD

Nassau Airport

Davelapment Company

ative catastrophe program,
underwriting controls, local
market expertise and solid risk
management programs. These
positive rating factors are off-
set by Bahamas First General
Insurance’s geographic con-
centration and catastrophe
exposure, particularly to hur-
ricanes in the Caribbean.”

As for Cayman First, A. M.
Best added: “The ratings of
Cayman First recognise its sol-
id capitalisation and positive
non-health operating results,
along with its expertise in the
Cayman market.

“The negative outlook on
Cayman First acknowledges
the drag on its operating
results due to the significant
losses emanating from the
company’s accident and health
lines of business.

“Bahamas First Holdings’
management has developed
and implemented strategies to
reduce these losses and their
effect on earnings. A.M. Best
will continue to monitor the
effectiveness of these strate-
gies and Cayman First’s inte-
gration into Bahamas First
Holdings’ existing operations.”

Giving his reaction, Mr
Ward told Tribune Business:
“We’re delighted about that. It
indicates that Bahamas First
is on a firm footing and the
Cayman acquisition has been

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their doors”, a top liquidator yesterday pro-
jected an increase in the rate of liquidations in
the Bahamas in the near future.

Maria Ferere, president and director of FT
Consultants, suggested it was time that the
Bahamas introduced more “corporate recovery
avenues” to give businesses “an opportunity -
especially in this economy - to recover” from
periods of financial uncertainty.

“Corporate recovery paths are not used in
the Bahamas because people don't think that
they have an opportunity to do restructuring.
Banks aren't used to engaging in that kind of dis-
cussion. But I think if something is built into
the legislation to allow other avenues for recov-
ery, it gives businesses an opportunity - especially
in this economy - to try to recover,” Mrs Ferere
said.

“It's simply a question of updating (the law).
In the United States you've got chapter 11 bank-
ruptcy, which basically allows you to reorganise

INSOLVENCY REFORMS

yourself. We need some legislation that will
allow businesses to reorganise rather than sort of
forcing them to close their doors.”

During her presentation to the Bahamas Insti-
tute of Chartered Accountants (BICA) semi-
nar yesterday, Mrs Ferere noted a number of
areas relating to insolvency which would benefit
from being brought up to date with current
trends. She suggested a new Insolvency Act may
be due.

Asked if she had seen an increase in the num-
ber of companies entering the liquidation process
in recent times, Mrs Ferere told Tribune Busi-
ness this rate had been “slow” so far, but she
believes “there’s more to come”.

“A lot of companies are trying to see what
they can do to stay above water, but I think the
recession is still very much alive and we've got a
few years before we start seeing the turnaround,”
said the accounting specialist.

Airborne Freight
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NOTICE

Notice is herby given of the boss of Bahamas Government Registered Stock Certificnte as
follows:

Stock Int i te Mo.
Amount 7
2021-2026

S50 000 0)

Maturity 0

O21TR7S FRIST September 22, 2023

I intend to request the Registrar i tgeuc a replacement certificate. If this certificate is
found, please Write to

P.O. Box N-4244

Massau, Baharnas.

f~Q

we) y
M Y
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TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM



PAGE 8B, THURSDAY, NOVEMBER 18, 2010

THE TRIBUNE

Economic rebound is ‘five years away’

FROM page one

sales standpoint, if you take
30 per cent of gross revenues
away, this 20-30 per cent
from off the top line, and cal-
culate the average net return
of around 12-15 per cent, it’s
extremely difficult to see
where companies can remain
profitable.

“Debt servicing becomes
avery difficult proposition; it
becomes very difficult to ser-
vice debt. Many companies
have cut significantly. But
how far do you cut to remain
in business, and provide the

value customers expect with-
out compromising the busi-
ness?”

With many Bahamian
companies in the private sec-
tor “on the brink” of failure,
and many others holding on
in the hope of a Christmas
boost, Mr Rolle - without
mentioning the $2.6 billion
Baha Mar project by name -
again questioned whether
MPs and policymakers “ful-
ly understand” the urgent
need for a “catalyst” to
revive the economy.

“We’re going through
troubled times in the busi-

ness community, and the
longer we take to get toa
point where people feel
comfortable they’re able to
spend money.......... , Mr
Rolle said, tailing off.

“I know many businesses
that are on the brink, hold-
ing on, and the longer we
delay these projects that
have the potential to encour-
age economic activity, the
worse it gets.”

Speaking about the sur-
vival prospects for many
struggling companies, the
Chamber chief painted a rel-
atively bleak but realistic pic-

The following persons are asked to contact

STOR-IT-ALL OF NASSAU, LIMITED
in connection with items left in storage:

* Simone Bowe

* Tiffany Lundy

* Jackell Moxey

* Makita S. Depradine

* Necka Wells

* Land’or International

* Lisa Williams

* Jason Demeritte

* Anwar Rolle

* Gaylene Brown

Se MER eee Rete ee
November 26th to cover outstanding Account.

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ture. “Once you get to the
brink, the edge, there’s no
coming back from that,” Mr
Rolle told Tribune Business.

“Those that survive it, for
the next 24-36 months they
end up operating in panic
mode, hand-to-mouth mode.
The recovery lasts a couple
of years, and we’re in year
two of this recession, going
into year three of this short-
ly.”

Acknowledging that the
$188 million in loans to the
Bahamian private sector that
were more than 90 days past
due could act as a further

drag on recovery when it
came, Mr Rolle added: “The
recovery will take a signifi-
cant period; it is not auto-
matic.

“The first thing in the
recovery period is to stabilise
the business, and that’s a 12-
18 month period. Then, you
go into a 24-36 month win-
dow where you start to
rebuild the business, and the
rebuilding process usually
takes a couple of years..........
unless there’s a significant
catalyst for activity.”

The Chamber president
pointed out that it took the

Applications for the position of

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Bahamian economy some
three-four years to fully
recover from the effects of
the September 11, 2001, ter-
ror attacks on New York
and Washington. Once that
recovery was completed, he
noted that many Bahamian
companies saw top-line per
annum sales growth of
between 7-10 per cent
between 2005 and 2008.

“This is infinitely worse
than 9/11, because it impacts
the entire economy,” Mr
Rolle told Tribune Business.
“No one was insulated from
this. If you use that as a
gauge for recovery, we are
five years away from begin-
ning to see meaningful and
measurable recovery.

“And in that period we
still have to recover from
what was accumulated dur-
ing this difficult period, all
the debt and negative
aspects of the balance sheet
have to be worked out.”

Tribune Business revealed
yesterday that some $188
million in loans to Bahamas-
based businesses, represent-
ing 18.11 per cent of all bank
credit to the private sector,
were non-performing as at
September 30, 2010.

Data provided to Tribune
Business showed that the
picture on Bahamian dollar
mortgage loans and con-
sumer credit was little bet-
ter. Some $287 million worth
of mortgage loans were non-
performing (over 90 days
past due and upon which
banks have stopped accru-
ing interest) as at Septem-
ber 30, 2010, an amount
equivalent to 9.76 per cent
of the total $2.917 billion in
mortgage credit outstanding.

As for consumer loans,
such as auto credit, some
$154 million worth - equiva-
lent to 7.34 per cent of the
$2.134 billion in such out-
standing loans - were more
than 90 days past due as at
September 30, 2010.

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THE TRIBUNE



THURSDAY, NOVEMBER 18, 2010, PAGE 9B



FROMpageone — §906.5m reserves
beat IMF’s target

sumer demand meant this was
likely to be less than in previ-
ous years.

“External reserves currently
stand at $906.5 million or
roughly 3.5 months of mer-
chandise imports,” Mrs Craigg
said. “This compares
favourably to the IMF’s bench-
mark of three months of
import cover. While the tem-
pered recovery in tourism has
provided some accretion to the
reserve pool this year, much of
the growth impulse has been

associated with one-off, extra-
ordinary inflows.”

Asked about the effects the
recession was likely to have on
the seasonal foreign currency
drawdown, the Governor
added: “Traditionally, the latter
half of the year, particularly the
final quarter, is a period of
increased import demand as
retailers build-up inventories

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ahead of the Christmas season.

“As a result, we typically wit-
ness an increased demand for
foreign exchange. While we
expect to see a similar trend
this year, the level is likely to be
lower than in the pre-recession
years. Most certainly, the reces-
sion, which has dampened con-
sumer demand, and general
business activity, are key fac-
tors underlying the anticipat-
ed lower levels of foreign
exchange usage.”

Excess liquidity - the level of
surplus assets in the Bahami-
an commercial banking system
available for onward lending
purposes - stood at $431.5 mil-
lion as at November 3, 2010,
Mrs Craigg said.

The “subdued economic
environment” had enabled lig-
uidity to build in the system
over 2010, she added, although
“it is likely that we will see a
modest reduction in this year
over the balance of the year”.

Asked about the commer-
cial banking industry’s perfor-
mance over the course of the
recession, Mrs Craigg told Tri-
bune Business: “The banking
system has, to-date, performed
credibly. While it is important
to note that we are still being
impacted by the effects of the
recession, in terms of a persis-
tence of high unemployment
and subdued business activity,
our domestic banks had very
high levels of capital prior to
the crisis, in excess of 20 per
cent of risk -weighted assets
compared to the international
standards, and these levels have
been sustained.

“Yes, the level of arrears has
been increasing, and this is an
area that has attracted
enhanced surveillance by the
Central Bank, so as to ensure
the safety and soundness of the
system. However, so far banks
are able to protect themselves
adequately against any losses,
with their strong capital posi-
tions. In addition, banks have
still remained profitable,
although at lower levels, in line
with the reduced level of busi-
ness and partly because of

Invites qualified applicants for the following position:-

SENIOR FOREIGN EXCHANGE

EDUCATION AND EXPERIENCE:-

TRADER

-Excellent knowledge of foreign currency trading.

-At least ten years experience.

-In-depth knowledge in trading:-
Spot and Forward currency transactions
Currency swaps
Precious metals
Currency and precious metal options

-Ability to speak/write French would be an asset.

-Bachelor’s Degree in Finance or related subject.

-Proficiency in a variety of software applications including Microsoft

Office Suite.

REQUIRED SKILLS:-

-Ability to work independently.

-Strong organisational skills.

-Commitment to excellent customer service.
-Must be a team player.

-Excellent oral and written communication skills.
-Excellent problem solving skills.
-Ability to work under pressure and to meet strict deadlines.

APPLICATIONS MUST BE RECEIVED BY
TUESDAY, NOVEMBER 30, 2010

Please hand deliver Resume and two (2) references to:-
The Human Resources Manager

Bayside Executive Park

Building No. 1
Nassau, Bahamas

ABSOLUTELY NO TELEPHONE CALLS

WILL BE ACCEPTED

Offices in

Lausanne, Geneva, Zurich, Luxembourg, London, Montreal, Nassau, Singapore, Tokyo, Hong Kong,
Frankfurt, Florence, Milan, Madrid, Paris, Rome and Turin



increasing provisions against
bad debts.”

And she added: “The mone-
tary system, from the stand-
point of external reserves,
remains stable. Domestic cred-
it is being impacted by a com-
bination of factors, which
include job losses, weakened
balance sheet positions of busi-
nesses, lower risk appetite and
higher standards and require-
ments for new credit being
sought, because of banks’ con-
cerns about their credit quality
indicators.”

While it was “difficult” to
forecast when the Bahamian
commercial banking industry’s
non-performing and arrears
loan situation would improve,
Mrs Craigg said: “The Bahami-
an economy is driven mainly
by our key foreign currency
exchange earning sectors,
namely tourism, foreign invest-
ments and international finan-
cial services.

“Consequently, to the extent
that we see steady gains in
these three sectors, then they
will have spill over effects on
other areas of the economy,
such as the wholesale and retail
trade, as well as construction.
This will, in turn, foster
improved prospects for busi-
nesses and individuals, and
increase their ability to repay
existing loans and qualify for
new loans.

“Tt is also incorrect to say
that banks are not lending.
They certainly have the liquid-
ity to lend and appear to be
doing so, although standards
have been tightened given their
arrears levels and the weakness
in economic activity, which has
not provided for any notable
improvement in employment
conditions.

“When consumers are in a
better place, in terms of job
security - outcomes which
hinge on the rebound in the
productive sectors, I’m certain
that we will see a return to
more normal lending patterns.”

PUBLIC NOTICE

INTENT TO CHANGE NAME BY DEED POLL

The Public is hereby advised that |, KENLY FERGUSON
of RO. Box SS-12982, Southern District of The Island of
New Providence, Commonwealth of The Bahamas, intend
to change my name to KENLEY FERGUSON. If there are any
objections to this change of name by Deed Poll, you may
writesuch objections to the Chief Passport Officer, RO.Box
N-742, Nassau, Bahamas no later than thirty (30) days
after the date of publication of this notice.

NOTICE

IN THE ESTATE OF R.S. WOOD
A.K.A. RUDOLPH S. WOOD, late of
the City of Berkeley Heights in the States
of New Jersey one of the States of the
United States of America, deceased.

NOTICE is hereby given that all persons having
any claim or demand against or interest in the
above Estate should send same duly certified
in writing to the undersigned on or before 16th
December, 2010 after which date the Executors
will proceed to distribute the assets of the Estate
having regard only to the claims, demands or
interests of which they shall then have had
notice.

FREDERIK F. GOTTLIEB & CO.
Attorneys for the Executors
P.O. Box AB-20405
Bay Street, Marsh Harbour
Abaco, The Bahamas



General Insurance Agency
Employment Opportunities

Agency Manager

Responsibilities include overseeing daily operations of an established
general insurance agency; placing business through London market;
providing quotations for all commercial lines; growing general insurance

portfolio

Qualifications:

+ Diploma in Insurance (Dip Cll) or equivalent work experience
« Background in sales required

Skills:

- Sales and marketing skills

« Highly Motivated

- Good communication skills verbal/writing
+ Ability to work independently

«Team Player

Senior Underwriter

Responsibilities include overseeing sales agents and customer service
department; training junior underwriters; placing business through London
market; providing quotations for personal and commercial lines, growing

general insurance portfolio

Qualifications:

+ Certificate in Insurance (Cert Cll)
« Background in sales a plus

Skills:
+ Highly Motivated

« Good communication skills verbal/writing
+ Ability to work independently

«Team Player

Underwriter

Responsibilities include writing all lines of business, providing quotations for
all lines; growing general insurance portfolio

Qualifications:

- Certificate of Proficiency

« Background in sales a plus

Skills:
« Highly Motivated

«Good communication skills verbal/writing
« Ability to work independently

«Team Player

Send resumes to:
P.O. Box EE 15491

Attention: Human Resources

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





PAGE 10B, THURSDAY, NOVEMBER 18, 2010

THE TRIBUNE



FROM page one

ing expeditions” in the
Bahamas as it related to com-
panies. This was requiring liq-
uidators to do things which con-
flict with other responsibilities
they may have under Bahamian
laws.

“T’ve seen quite a few of
(these requests). In the last few
years, I’ve been served with
MLAT orders and required to
hand over documents to for-
eign governments,” Mrs Ferere
said.

“It touches on the confiden-
tiality of the information we’re
holding here, and secrecy in
some situations. Those are

‘More enforcement’ needed to
Stop MLAT fishing expeditions

issues that have to be dealt
with, and I think we need to
really proactively ensure our
legislation doesn’t allow a sort
of free for all. It’s not supposed
to be a fishing expedition, but it
often is, and it’s not mutual -
we don’t get the same benefit.

“Tf they are seeking to do an


























NOTICE is hereby given that MEILSON LOUVERTURE
of Carmichael Road, Nassau, Bahamas is applying to
the Minister responsible for Nationality and Citizenship, for
registration/naturalization as a citizen of The Bahamas, and
that any person who knows any reason why registration/
naturalization should not be granted, should send a written
and signed statement of the facts within twenty-eight
days from the 11° day of November, 2010 to the Minister
responsible for nationality and Citizenship, P.O. Box N-
7147, Nassau, Bahamas.

NOTICE

NOTICE is hereby given that ISLET FLORESTAL of
P.O.Box NP-3252240, ST. JAMES Rd. #9, Nassau,
Bahamas, is applying to the Minister responsible
for Nationality and Citizenship, for registration/
naturalization as a citizen of The Bahamas, and that

investigation of a company in
liquidation in a foreign coun-
try, they can get an ex-parte
order through the Attorney
General’s office to seize all of
the liquidator’s records. But
that conflicts with the liquida-
tor’s role. He could have an
order that requires him to
retain and protect those
records.”

Mrs Ferere was speaking at
the Bahamas Institute of Char-
tered Accountants (BICA)
“Accountant’s Week” seminar
at the Sheraton Nassau Beach
Resort on the topic of “current
trends in corporate recovery
and insolvency.”

The accounting specialist
called for the Government to
update current laws relating to
insolvency in the Bahamas,
which are contained in the
Companies and IBC Acts, or
introduce an entirely new Insol-
vency Act, which would bring
Bahamian law relating to trou-
bled companies and the insol-
vency process up to speed with
trends in other countries.

Mrs Ferere said: “We really
just need to sit down and look

at the entire legislation, all the
rules that deal with winding up
and see what we can do to
improve it.

“There are models out there,
the UK insolvency law, that we
can benefit from. We need a
bit of updating for current
issues.”

Top among her suggestions
for ways the law could be
enhanced was the need for the
Government to address the
“nagging” and “reoccurring”
issue of what happens to funds
meant for distribution to par-
ticular creditors by a liquidator
when those creditors cannot be
found.

“Under the present law, the
liquidator would get directions
from the court (if they cannot
locate a creditor at the time of
the distribution), and the mon-
ey (which had been set aside
for the creditor) goes back into
the pot (to be distributed
among the regular sharehold-
ers). Those persons (who could
not be located) would be
barred from making any fur-
ther claims on the funds, which
would go back to the share-

au person who knows any reason why registration/
naturalization should not be granted, should send
a written and signed statement of the facts within
wee ea days from the 11" day of November,
2010 to the Minister responsible for nationality and

Citizenship, P.O. Box N-7147, Nassau, Bahamas.

A
~_

NOTICE

NOTICE is hereby given that TITUS CHUKWU NWAOZOR
of VILLAGE ROAD, P.O.Box SB-52634 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 11" day of November 2010
to the Minister responsible for nationality and Citizenship, P.O. Box
N-7147, Nassau, Bahamas.

holders,” explained Mrs Ferere.

“Sometimes you work on liq-
uidations for five to six years,
get to the point where you want
to make final distributions and
find there are a number of cred-
itors you just can’t find. It’s one
of those nagging areas that
comes up from time to time.”

Mrs Ferere noted that in
some jurisdictions, the law
allows for such funds to be
turned over to the Central
Bank or a government body,
which will hold the funds and
then allow for future claims to
be made to that entity once the
liquidation has been completed.

Changes to the law on the
way notices from liquidators
are brought to the attention of
the public - or not, as the case
may be - would also benefit
creditors, who might otherwise
miss their opportunity to claim
the funds that have been set
aside for them, suggested Mrs
Ferere.

“(Under the present law)
everything has to be placed into
the newspaper which, really,
while years ago it might have
reached a lot of people, doesn’t
reach anyone now. You place
an ad for a day and the chances
of getting coverage is not that
high, so perhaps we need to
look at another way of reading
creditors getting information
out,” she added.

Other areas in the current
legislation which are in need of
“clearing up”, according to the
liquidation specialist, include
elements relating to whether

Bahamian or foreign liquida-
tors are appointed to a particu-
lar matter.

There is presently no require-
ment under the law in favour
of either a Bahamian or foreign
liquidator, but Mrs Ferere said
her experience leads her to
believe it is important to “have
a liquidator who is familiar with
the local rules and regulations,
and that those local rules and
regulations are applied and
considered before taking on
other cross-border issues”.

“I've run into a number of
cases where suggestions had
been made to take certain
actions in other jurisdictions
that really would not have been
consistent with what we would
do under our law, and so I think
in some circumstances it’s quite
appropriate to have a foreign
liquidator. In those cases, I
think it may be better to have
joint liquidators, one foreign,
one Bahamian, so you can deal
with the legal issues in both
jurisdictions,” said Mrs Ferere.

How long records gathered
by a liquidator during the
process of winding-up the com-
pany must be kept after the
process is completed could also
be clarified.

“Sometimes you accumulate
massive records. You get to the
end and you want to release
(the funds) and get rid of the
records. Sometimes the court
would order you keep them for
five years, or sometimes just six
months. There’s nothing clear
in the Act,” said Mrs Ferere.

COMMONWEALTH OF THE BAHAMAS

IN THE SUPREME COURT

COMMON LAW AND EQUITY DIVISION

BETWEEN

CLE/GEN/01343

FIRSTCARIBBEAN INTERNATIONAL BANK

NAD (BAHAMAS) LIMITED

Nassau Airport
Bevelopment Company

Plaintiff
AND
LALEEA JALEIKA KINTEH

NOTICE

IN THE ESTATE OF MILLICENT
WOOD , late of the City of Berkeley
Heights in the States of New Jersey one
of the States of the United States of
America, deceased.

Defendant

Credit & Collections Officer

The Hasse Airport Development Company (MAD) is seeking
candidates for the pecuion of Cred & Collectors Officer

NOTICE OF ADJOURNED HEARING

TAKE NOTICE that the Summons for leave to entre
Judgment in Default of Appearance filed on the 18"
day of January, A.D., 2010 and set down to be heard
on Friday the 18'" day of June, A.D., 2010 at 10:30
o'clock in the morning will now be heard before the
Registrar Donna Newton, of the Supreme Court, 3”
Floor, Ansbacher Building and East Street North,
Nassau, The Bahamas on Friday the 17 day
of December, A.D., 2010 at 11:30 o’clock in the
morning.

REPORTS TO = Controller

Kay feaoonaibilties inaiude bul ara nol limied te Canduel credit
Checks on few and sisting cusiomers, collect outstanding pay
ments, creme monthly customer invoices, mest collection target
amount set foreach month and assist eth yearend audi
proceduree.

NOTICE is hereby given that all persons having
any claim or demand against or interest in the
above Estate should send same duly certified
in writing to the undersigned on or before 16th
December, 2010 after which date the Executors
will proceed to distribute the assets of the Estate
having regard only to the claims, demands
or interests of which he shall then have had
notice.

OUALIFICATIONS

“Three years expereince in a similar position.

Dynamic, highly energetic individual with the ability ja work
ndeperdanty

* Adapt al opanming in a computenzed PC-based financial
snaronment

» Abdity 63 mulitask and imeract proleesionally wilh cusiemers and
cL

* Analyical, problem-solving and afactiva communicaton skills

Dated this 27" day of October, A.D., 2010

REGISTRAR

This Notice was taken out by Messrs. Gibson, Rigby

& Co., Chambers, KI-Malex House, Dowdeswell Street,
Nassau, The Bahamas, Attorneys for the Plaintiff.

For more details, please visit (he PEOPLE section of
oUF WeDSIte at Wwe. nas.bs

FREDERIK F. GOTTLIEB & CO.
Attorneys for the Executors
P.O. Box AB-20405
Bay Street, Marsh Harbour
Abaco, The Bahamas

Ot pou aie quinkfied ane indarcched places subral jour
rium bye Menserribee 26, 2810 to

Manager, People

Hassau Airport Dewelopment Company

P.O. Boor AP 69329
Nassau, Bahamas

or e-mail propia irom Ere

©

Temple Christian Hi gh School
Shirley Street
TEACHING VACANCY

CAPITAL MARKETS
BROKERAGE & ADVISORY SERVICES

= Fa
ROYAL SFIDELITY ;

Moray at Work

BISX LISTED & TRADED SECURITIES AS OF:
WEDNESDAY, 17 NOVEMBER 2010
BISX ALL SHARE INDEX: CLOSE 1,505.16 | CHG 14.71 | %CHG 0.99 | YTD -60.22 | YTD % -3.85
FINDEX: CLOSE 000.00 | YTD 00.00% | 2009 -12.31%

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

52wk-Low Change Daily Vol. EPS $ Div $
1.00 0.00 0.150
9.67 0.00 0.013
4.50 0.00 0.598
0.18 0.00 -0.877
2.70 0.00 0.168
0.016
1.050
0.781
0.422
O.111
o.189 .
-0.003 .
0.287 i 7 A.

0.645

Invites applications from qualified Christian
teachers for the following positions for the
2010 - 2011 School Year.

Today's Close
1.01
10.63
4.90
0.18
2.70
2.17
10.46
2.40
6.85
1.84
1.60
6.07
7.26
9.74
5.46
1.00
5.5o

Previous Close
1.01
10.63
4.90
0.18
2.70
2.17
10.46
2.40
6.56
1.80
1.60
6.07
7.26
9.74
5.46
1.00
5.5o

Securit
"AML Foods Limited
Bahamas Property Fund
Bank of Bahamas
Benchmark
Bahamas Waste

Math/Commerce (Grs. 10-12)
Applicants must:

2.14
9.62
2.36
5.40
1.63
1.60
5.94
7.26
8.77
3.75
1.00
5.00
9.90
10.00

Fidelity Bank
Cable Bahamas

Colina Holdings
Commonwealth Bank ($1)
Consolidated Water BDRs
Doctor's Hospital

0.00
0.00
0.00
0.29
0.04
0.00
0.00
0.00
0.00
0.00
0.00
0.00

Famguard
Finco
FirstCaribbean Bank
Focol ($)
Focol Class B Preference
ICD Utilities
J. S. Johnson 9.90 9.90 0.00
Premier Real Estate 10.00 10.00 0.00
BISX LISTED DEBT SECURITIES - (Bonds trade on a Percentage Pricing basis)
Securit Symbol Last Sale Change Daily Vol.
Bahamas Note 6.95 (2029) BAH29
Fidelity Bank Note 17 (Series A) + FBB17
Fidelity Bank Note 22 (Series B) + FBB22
Fidelity Bank Note 13 (Series C) + FBB13 100.00 0.00
Fidelity Bank Note 15 (Series D) + FBB15 100.00 0.00
RoyalFidelity Merchant Bank & Trust Ltd. (Over-The-Counter Securities)
Symbol Bid $ Ask $ Last Price Daily Vol.
Bahamas Supermarkets 5.01 6.01 14.00
RND Holdings

Be a practicing born-again Christian who is
willing to subscribe to the Statement of Faith of
Temple Christian School.
Have a bachelor’s Degree in Education or higher
from a recognized College or University in the area
of Specialization.
Have a valid Teacher’s Certificate or Diploma.
Have at least two years teaching experience in the
relevant subject area with excellent communication
skills.
Applicants must have the ability to prepare students
for all examinations to the BJC/BGCSE levels.
Be willing to participate in the high school’s extra
curricular programmes.

0.366
0.000
0.012
100 0.971
0.991
52wk-Hi 52wk-Low Interest
6.95%
7%
Prime + 1.75%
7%
Prime + 1.75%

99.46
100.00
100.00

0.00
0.00
0.00

20 November 2029
19 October 2017
19 October 2022

30 May 2013
29 May 2015

EPS $
-2.945
0.001

Div $
0.000
0.000

P/E

0.35 0.40 0.55
CFAL Securities Ltd. (Qver-The-Counter Securities)

30.13 31.59 29.00

0.45 0.55 0.55

BISX Listed Mutual Funds

NAV YTD%
1.5122 5.11%
2.9187
1.5655
2.8624
13.5642
114.3684
106.5528
1.1318
1.0969
1.1320

ABDAB
RND Holdings

4.540
0.002

0.000
0.000

NAV 3MTH
1.490421
2.919946
1.545071

NAV 6MTH
1.467397
2.911577
1.530224

Fund Name
FAL Bond Fund

CFAL MSI Preferred Fund

CFAL Money Market Fund

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

CFAL Global Equity Fund

FG Financial Preferred Income Fund
FG Financial Growth Fund

FG Financial Diversified Fund

Last 12 Months %
1.4076 6.79%
2.8300
1.4954
2.8522
13.0484
101.6693
99.A17T7
1.0000
1.0000
1.0000
9.1005

1.10%
3.87%
-8.16%
1.47%
9.98%
A.75%
3.85%
2.71%
3.79%

213%
AAB%
-7.49%
2.95%
12.49%
7.18%

30-Sep-10
12-Nov-10
31-Aug-10
30-Sep-10
30-Jun-10
30-Sep-10
30-Sep-10
30-Sep-10
30-Sep-10

Applications must be picked up at the High School Office on
Shirley Street and be returned with a full curriculum vitae,
recent coloured photograph and three references to:

109.392860
100.779540

107.570619
105.776543
5.22%
644%
5.71%
Royal Fidelity Bah Int'l Investment Fund Principal
Protected TIGRS, Series 1

stment Fund Principal

9.7458 4.35% 5.22% 31-Oct-10
10.0000
10.6000 -1.59% 4.26% 31-Oct-10

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

9.1708 Royal Fidelity Bah |
Protected TIGRS, Series 3

Royal Fidelity Intl Fund - Equities Sub Fund

stment Fund Principal

9.5037 -4.96%

8.1643 5.79%
MARKET TERMS

-4.96%
9A2%

31-Oct-10
4.8105 31-Oct-10
BISX ALL SHARE INDEX - 19 Dec 02 = 1,000.00

i ice in last 52 weeks

FINDEX< - The Fidelity Bahamas Stock Index. January 1, 1994 = 100
(S) - 4-for-1 Stock Split - Effective Date 8/8/2007
(S1) - 3for-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





Employment Opportunity

Manager, Credit Recovery & Collections

Core Responsibilities

Plans, evaluates, implements and continuously improves all aspects of credit & collection
functions and processes

Assists in formulation of departmental collection objectives and achievement of same
Ensures professional relationships are established and maintained with clients and
allomeys

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Facilitates routine departmental training

Appraises performance of direct reports against objectives,

Ensures departmental workloads are balanced, and deadlines are met.

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PAGE 14B, THURSDAY, NOVEMBER 18, 2010

THE TRIBUNE



‘Has patient lost
too much blood?’

FROM page one

patient may have lost too
much blood”.

This newspaper was told by
contacts familiar with devel-
opments at City Markets, and
its Bahamas Supermarkets
operating parent, that all nec-
essary government approvals -
including foreign exchange
control permission from the
Central Bank of the Bahamas
- was granted on Friday past,
enabling Mr Finlayson’s Trans
Island Traders vehicle to close
the deal.

Government approvals
were required because
Trinidadian conglomerate,
Neal & Massy, owned 51 per
cent of the voting rights in
BSL Holdings, the former
majority shareholder who has
now sold out following a dis-

astrous four-year ownership
in which the 11-store City
Markets chain racked up more
than $29 million in cumulative
losses.

While Derek Winford, City
Markets’ Trinidadian chief
executive, and the company’s
financial controller - also on
secondment from Neal &
Massy - will stay on for sever-
al months to provide continu-
ity in the transition to Mr Fin-
layson’s ownership, Tribune
Business understands that
Neal & Massy senior execu-
tives are due in the Bahamas
imminently to begin the clos-
ing out of BSL Holdings’
affairs.

In the meantime, wholesale
industry sources have suggest-
ed that Mr Finlayson is making
preparations to form his own
management team, possibly
featuring executives from

PUBLIC NOTICE

INTENT TO CHANGE NAME BY DEED POLL

The Public is hereby advised that |, SONIA ROLLE
of PRO. Box F-41745 intend to change my child’s
name from SHAUNIQUA BRITTANNICA LATIQUA

ROLLE to
ALLEYNE.

SHAUNIQUA BRITTANNICA LATIQUA
If there are any objections to this

change of name by Deed Poll, you may write such
objections to the Chief Passport Officer, RO.Box
N-742, Nassau, Bahamas no later than thirty (30)

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.

Be of, Kotex.
ti

Y





Supervalue, the huge US
wholesale supplier who he and
Senator Jerome Fitzgerald, in
their former BK Foods guise,
had formed an alliance with
in a bid to support their ulti-
mately unsuccessful bid for
Baha Mar in 2006.

While giving Mr Finlayson
credit for taking on the chal-
lenge of saving City Markets
and its 700-strong workforce,
one rival questioned whether
the supermarket chain may
have gone beyond the point
of no return.

Sandy Schaefer, owner and
principal of Robin Hood, who
himself was approached to
acquire City Markets at one
point, told Tribune Business:
“T wish them [Mr Finlayson
and his family] the best of luck,
and I’m glad someone came
to the rescue of the well-being
of the 500-700 employees.

“T think they are in for quite
a challenge. These are chal-
lenging times for all of us.....
It’s going to take a long time to
turn around a company that
big. It’s not going to be accom-
plished overnight, and it’s
going to take time and lots of
money.”

Asked about the likelihood
of Mr Finlayson turning the
company around, Mr Schae-
fer said: “There’s always a
chance. I just wouldn’t qualify
it as good. Where you make
the effort, there’s always a
chance.

“Tn this case, it’s not just a
question of having the right
people, but lots of people and
lots of money. The situation
they’re in right now is that they
are bleeding, and the first
objective is to stop the bleed-
ing. That’s not easy, because
the patient may have lost too
much blood.”

Mr Schaefer added: “It’s
certainly not an undertaking I
would have done, but I give
them credit for trying to save
the jobs of those employees.”

ives
you




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The Senior Accountant will support management and be a
responsible for performing the day-to-day investigations and

analysis for corporate recovery, forensic, or liquidation et meee ates fn
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focused, perform their duties with appropriate confidentiality ards your, ie

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The ideal candidate will have an accounting background and
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Distributed im the Bahan by

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Interested persons should apply no later than Name: To enter purchase 1 pack of Kotex pads
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store receipt dated between October 18
Phone: Emaal: and Newember 29, 2020. Attach receipt

to an entry form and drop inte entry
owes in participating stores or The
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Krys Rahmings Associates (Bahamas) Ltd. Fill in the blanks: Kotex L NE _ $ ave for Lightdays





The Tribune RELIGION Thursday, November 18, 2010 ® PG 27

The Tribune’s

aaa)

S E C T





PG 28 @ Thursday, November 18, 2010 RELIGION The Tribune

Giving thanks

By JEFFARAH GIBSON
and ALESHA CADET
Tribune Features Writers

Sows gratitude for the
things, both big and small is an
important part of spiritual enrichment.

This week Tribune Religion continues
with part 2 of giving thanks where indi-
viduals tell what they are giving thanks.

Marika Rolle told Tribune Religion
that she tries to give thanks as much as
she can, since so many others are not in
the position to so.

“I'm thankful first of all for life. I'm
able to move every aspect of my body and
to my knowledge I'm extremely healthy.
Secondly, I'm thankful for my family

because even though they get on my
nerves at times they're always there for
me to look up too. Lastly I'm thankful for
being able to be afforded the opportunity
to further my education and to have a full
fledge career before I turn 25,” she said.

Regina Whyly said the troubles of this
life will never get in the way of her grati-
tude because each day she conquers she
gains strength.

“These days I am grateful for life, my
health and strength because what ever is
wrong now, I get one more opportunity
everyday that I am alive to make it better.
My motto is, giving up is not an option, it
is just how you are going to make it work.

“One thing that I know is that trouble
does not last always, life goes in terms of
seasons and you can be sure that the sea-
son will change once you walk through

These days I am grateful for life, my health and strength
because what ever is wrong now, I get one more oppor-

whatever you are going through and do
not give up in the middle,” she said.
After the passing of her mother a few
months ago Nadine Thomas Brown said
that she felt like her entire world was
crumbling. But knowing she has other
people who love her the same is some-
thing she is extremely thankful about.

“T am giving thanks for resilience and
love. My mom died recently and I felt
myself falling into a funk. I was able to
pull myself out of it by sheer force of will
and determination. My family and friends
were also there to pull me through. I have
discovered that in spite of the fact that
the one that loved me the most is gone. I
have tons of other people that care for me
and in the great scheme of things that is
all that counts, friends and family at your
back,” she told Tribune Religion.

tunity everyday that I am alive to make it better. ”

Kishan Munroe said: “T give thanks for
the lessons I have learnt over the years
and everyone who has played a role in me
learning them be it good or bad.”

Chelsea Deveaux said she gives thanks
for her parents and her loving boyfriend.
“ T am also thankful for God giving me
the air to breathe but mostly I'm thankful
about the goodness in my life. ’'m also
thankful for my true and loving friends
and family,” she said.

Fashion designer Theodore Elyett told
Tribune Religion that he's giving thanks
to God for his continuous blessings with-
in his life. " Never in my time - but always
on his timing and agenda. I couldn't be
more thankful for anything else at this

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The Tribune

RELIGION

Thursday, November 18, 2010 ® PG 29

(MEDION
Carrying your Cross

By REVEREND ANGELA PALACIOUS

here is a saying that “a man
has to do what a man’s got to

do.” Same is true for women and chil-

dren. “ What is it that we got to do?

Carry our Cross

1) If we are Christians, we should
leave ourselves no choice, but to
carry it daily.

2) If we are children, we are to
obey

3) If we are servants, we are to
obey

4) If we are disciples, we are to
obey

REV. ANGELA
— ¢ j$™\{¢BOSFIELD

PALACIOUS
|

What does Humility mean?

1) Letting God receive the glory

2) Recognising our own faults and
failings

3) Accepting that greatness comes
from letting the Holy Spirit make us
live a life pleasing to God

4) Accepting that failure in the sec-

ular world can produce character

5) Admitting that there are lessons
to be learnt only from obedience

6) Trusting in God and not leaning
on our own understanding

7) Accomplishing great things by
following God’s will for us

What is your Cross?

It could be any of the following:

1) Relationships at work, home in
church

2) Financial challenges

3) Painful past

4) Il health at moment

5) Ongoing recovery from addic-
tion

6) Whatever is causing you pain

If God has not removed the thorn,

if God has asked you to remain in the
situation, then follow Christ Our
King and allow God’s will to be done.
If you are sure this is God’s word to
you then:

1) Stand your ground

2) Pray with fervor

3) Celebrate the blessing you can
count

4) See how you change through it

5) Let it shape you and mold you

6) Accept it as God’s refining fire

Scripture reminds us that for Jesus,
there was a crown for obedient suf-
fering with full restoration and great
glory. For us there is a also a crown,
God’s approval and our work accept-
ed.

(ey BISHOP VG CLARKE

Fatigue

Seer has said that the world
is run by tired men.

There is probably real substance in
the statement, for genuine leaders must
be willing to rise early and study longer
than their contemporaries.

Some men have tremendous stamina,

but fatigue will frequently set in if they
want to go somewhere with their
organisation and in their responsibili-
ties.

A wise leader will try to find a bal-
ance and seek an a vocation, a change
of pace to reduce stress. He must seek
some pleasurable recreation or he will
eventually lose his usefulness. You
have no doubt heard the cliché; “I'd

rather burn out for God than rust out
for the devil.” The spirit of that is
noble and pious-sounding and a per-
son's dedication must come close to the
tenor of the thought. But on the other
hand, if a person can learn how to relax
and not spread himself too thin, his
effectiveness will be magnified.

If a person “burns out” completely,
his influence and contribution ends.

Proper health, rest and balance will
help a leader maintain his ability to
persist. But a leader must be prepared
to recognise the toll upon him, both
emotionally and physically.

Despite our busy schedules, leaders
must practice what we preach in order
not to suffer fatigue or burn out.
Remember the wise leader finds time
to rest, relax and for creative thinking.

PART TWO:

FROM page 28

point in my life; other than the blessings of success that
he has bestowed upon me---along with the health,
strength, talent and will power to execute the assignment
he has given to me and I’m really thankful for that,” he
said.

With the recession still a factor in our country, a
Bahamian resident who wished to remain anonymous
said: " I'm thankful to have a job in times like this when
there are so many people still looking for them and I'm
thankful for a church home where I can grow spiritually.”

Expanding her thanks to her success, Sharon Rolle
told Tribune Religion that she gives thanks to GOD for

the undeniable abilities and talents that she's been
blessed with.

"The doors that have been opened and will continue
to open for me to walk through in order to push me fur-
ther and be more successful. And for the simple fact that
I impact people on a daily basis with my life goals and
accomplishments," she said.

Another lady, Rosemary Gardiner added that she's
giving thanks for life and good health with the fact that
many who thought they would be here are not. " I give
thanks for that. I am also thankful for good family and
friends without them I am nothing!" she said.

Home being where her heart is, Christie Cadet said she
is thankful for a roof over her head and clothes on her
back, "I am giving God all the thanks for his uncondi-
tional love," she said.

Why you are thankful

"Many didn’t get up this morning, but God woke me
up with health and strength and in a sound mind. It's the
simple things that we should be thankful for," said
Adrianna Rolle, thankful for the simplicity in life itself.

A college student studying at the Barry University in
Florida, Pryia Simmons told Tribune Religion that she is
giving thanks for family, friends and good health. " I
thank the Lord for blessing me with great fortune to be
able enough to celebrate thanksgiving with my love ones.
It's through his grace that I can genuinely profess that I
am thankful!” she said.

Thankful for the love of her children, Altonette
Ferguson said: "Basically I’m just giving thanks this year
for my life, my family, especially my wonderful kids, my
guy, a great job and the wonderful friends I have in my
life."



PG 30 ® Thursday, November 18, 2010

RELIGION

The Tribune

(Cy ABUNDANT LIFE BIBLE CHURCH CELEBRATES A HERO

Pastor Ed Allen

Abundant Life Bible Church
“Celebrates the Life, Love,
Labour and Laughter of Pastor
F Edward Allen” A God-fearing
Man, Pioneer, and Hero

“How beautiful are the feet of
them that preach the gospel of
peace,

and bring glad tidings of good
things”! Romans 10-15 KJV



Preseres Edward Allen was
born in the settlement of
Tarpum Bay, Eleuthera, on August
2, 1929. He received his early edu-
cation at the Tarpum Bay All Age
School and the Eastern Senior
School. Later he pursued private
evening lessons with HO Nash and
Cecil Bethel.

In 1944, Pastor F Edward Allen
received Jesus Christ as his Saviour
and immediately became actively
involved in Christian Ministry. He
later began a series of crusades
along with a team which included
Tom Roberts, Rex Major, David
Cartwright, Allan Lee and Marcel
Lightbourne. Together this team
traveled throughout the Bahamas
preaching the gospel and many
souls were won for Christ.

In 1946 at the age of 16 years,
Edward Allen left for Emmaus
Bible School in Canada where he
completed his study in Theology.

Upon his return in October of
1949, Evangelist WH Farrington
introduced him to the Family
Islands of The Bahamas
Evangelism. Pastor Ed Allen's
evangelistic efforts took him too
many parts of the world: the United
States of America, Canada, and the
Caribbean.

Ed Allen took the hand of his
beautiful godly bride Velma Archer
in marriage on March 26,1952. The
union was blessed with two children
Fern Allen Hart (deceased) and
Michael Allen along with two beau-
tiful grand-daughters Lisa Hart
Newman and Makala Allen. One
son-in-law, Bradley Hart
(deceased), one daughter-in-law
Melanie Pintard Allen and one
grand-son in law, Orrin Newman.

On December 31,1977 a small
company of believers gathered at
the old Gospel Bells building at Mt
Royal Avenue, in Nassau to pray
for God's direction and blessing
upon the future ministry of Brother
Ed Allen. At this time, Sister
Agnes Turnquest suggested that
perhaps the Lord was leading in the
establishment of a new work.

A few months before she died
she reiterated that the Lord was
leading in the direction of a new
ministry and gave him the Scripture
Revelation 3:8, “....Behold, I have
set before thee an open door that
no man can shut it:” During this

period he was engaged in evangel-
ism in the Caribbean.

The group fellowshipped at the
home of Brother Richard Gibbs
and later worshipped at the
Bahamas Teachers Union Hall.
The name of the new work was
“Faith Gospel Chapel”.
Apparently there were other
churches in the country bearing the
same name so the name was
changed to ‘Abundant Life Bible
Chapel’ then ‘Abundant Life Bible
Church.’

Abundant Life Bible Church was
erected on its present site and
immediately the gift of evangelism
through the ministry of Pastor
Allen resulted in tremendous
growth. Opportunities for procla-
mation of the Gospel were seized
which included broadcasting via
radio to the nation from a partially
completed building. The Gospel
was preached with power and con-
viction, and did not return void as
the Lord of the Church honoured
the preaching of His word and
added to the Church.

The ground breaking ceremonies
for the new Sanctuary were held on
January 28, 1979. In the weeks that
followed, the members including
Pastor Allen worked faithfully and
labouriously each evening after
work mixing cement, lifting blocks
and assisting the more skilled
builders in the construction of the
church building.

Under the leading of the Holy
Spirit, the ministry of Pastor Allen
increased in numbers. Additionally,
there was an expansion of: the phys-
ical structure; programs; and min-
istries. The Church's radio ministry
grew into the Abundant Life
Gospel Hour and was supplement-
ed by a television ministry that
developed into what is now known
as the monthly church service tele-
cast of ‘Living Abundantly’.

Frederick Edward Allen was
awarded Justice of the Peace in
1985.

In 1989 Pastor Ed earned his
Bachelor of Theology Degree, and
then he was awarded an Honorary
Doctorate Degree from Trinity
College of the Bible and
Theological Seminary in Newburgh,
Indiana in the same year. The
National Religious Broadcasting
Association (Caribbean Chapter)
honoured Pastor Allen in 1990 for
twenty-six years of professional

gospel broadcasting. Then in 1992
he was awarded a Certificate from
"Who's Who' from the British
Commonwealth. He was also the
recipient of a Silver Jubilee Award
in commemoration of the Bahamas
25th Anniversary and was awarded
a CMG, Order of St. Michael and
St. George in 2004.

As Pastor Gil Maycock- puts it,
God has given us a modern day bib-
lically inspired hero, especially
when we examine 1 Corinthians
15:58.

The life of Pastor Ed Allen was
steadfast in God's Word; he remains
faithful, and unmovable, and does
not allow anything to shake his faith
in the gospel. When calamity and
disaster struck his family and
snatched their precious daughter
and son-in law out of their lives,
Pastor Allen was God's hero and
remained unmovable in his faith
and calling to preach the gospel of
Our Lord Jesus Christ.

Pastor Ed was always abounding
in the work of the Lord in his evan-
gelistic ministry in the Bahama
Islands and the region. His innova-
tive work created the 'Gospel Bells
Broadcast’ that was heard around
the world.

He became the first Pastor in the
Brethren Assemblies in the
Bahamas and God used him to
build the largest Brethren Church
not only in the Bahamas, but in the
Caribbean, and the West Indies. He
was one of the pioneers in Christian
Television in the Bahamas on the
Broadcasting Corporation of the
Bahamas (ZNS radio), Yes Pastor
Allen continues to always abound.

God has blessed him to see his
labour is not in vain as two of his
sons in the faith continue his min-
istry in the person of Co- Pastor Gil
Maycock and Co-Pastor Cranston
Knowles at 'Abundant Life Bible
Church’. Pastor Ed Allen has left a
legacy of faithfulness to God that is
a great example for us to emulate.

Abundant Life Bible Church is
celebrating our hero, pioneer and
man of god with a series of events
for the entire month of November.
Events will culminate with an
Appreciation Church Service at
llam in the ‘Rainforest Theatre’
and a banquet at 2pm in ‘The
Wyndham Nassau Resort
Ballroom’ on November 28.

For further information, please
call the church at 393-8134.



The Tribune RELIGION Thursday, November 18, 2010 ®@ PG 31

Happy 93rd birthday,

‘Ma Moody’!



| he Sunday School of St Peter’s Parish in Simms, North

Long Island began their National Children’s Week
Celebration with a bang as they gathered to wish Sarah
Knowles a very special 93rd birthday.

Sarah “Moody” Knowles or “ Ma Moody as she is affection-
ately called served in many capacities in the Anglican Church
at Simms and unfortunately due to blindness she can no longer
attend regular church services.

When Fr Chester Burton learnt of the special occasion, he
and his wife hit the ground running. Mrs Burton made a birth-
day cake and they along with the newly formed Sunday school
paid a visit to the matriarch for a birthday party and commun-
10n.

The group of parents and children saluted Ma Moody for her
many years of wonderful service to the church before singing
the hymn “Through all the changing scenes of life” Fr Burton
said that although he has just arrived in North Long Island a
few short months he has heard so much about the indelible
mark that she has left as a testimony to her family and friends
where she is comforted at her age to witness the birth of her
second, third, and fourth generations.

He then offered her communion in the front of her house
where she resides with her daughter Laverna Knowles.

Fr Burton reminded the young people that at such occasions
as these people should reflect on the sacrifices that these gems
known as “Precious Pearls” have made for us in their many
varied ways.

“Although children may be the future, we still recognise the
great gift God has placed in our lives with persons like ‘Ma
Moody’ who is still able to share her story with the youth of the
island. At the age of 93 she has still many more years to enjoy
because her mother lived to the age of 104.

Sarah Knowles was ever so appreciative of the visit of mem-
bers from St Peter’s whom she once sat with and sang out the
same hymn book with during service.

Fr Burton instructed the youngster to hug and kiss ‘Ma
Moody’ as they left her home as a sign of the love and appreci-
ation they have for her and the ministry that she offered to the
honour and glory of God.





PG 32 © Thursday, November 18, 2010 RELIGION The Tribune

















Cognizant of the fact that these are tough times and that
people are hurting and may not know where to turn, or how
to ask for help, the people of Mount Sinai Baptist
International Ministry North Andros in collaboration with
members of Saint Margaret’s Anglican Parish North Andros
hosted a thanksgiving merriment for the people of North
Andros on Saturday November, 13.

The all day event took place at South Mastic Point Park in
North Andros. The occasion brought joy and hope to the
entire island as hot food, drinks, shoes, clothing, household
items, etc were distributed freely to the people. Senior citi-
zens where also treated to a free pedicure and manicure.
Rev Dr Samuel Fowler, Senior Pastor of Mt Sinai Baptist
International Ministry and the Rev. Fr. Jude Edomwonyi,
Priest-in-Charge of St. Margaret’s Anglican Parish were on
site to offer counseling and spiritual direction.



PHOTOS

1. Some of the Senior
Citizens enjoying their
meal.

2. Senior citizens
receiving Pedicure.

3. Shoes, Clothing,
and Household
distribution stand.

4. Food Stand.

5. Children having fun
in the bouncing castle.



THE TRIBUNE



SECTION E



S tS
THURSDAY, NOVEMBER 18,

2010



Portugal runs
over World
Cup champ
Spain 4-0...
See page 7E

Young Bahamians secure athletic scholarships

By BRENT STUBBS
Senior Sports Reporter
bstubbs@tribunemedia.net

SPRINTERS Charles Miller and
James Carey became the latest
Bahamian athletes to ink their
names on letters of intent for col-
lege and are now preparing to head
to Colby Community College in Jan-
uary.

On Tuesday, the duo signed their
letters at the Bahamas Association

of Athletic Associations (BAAA)
office under the supervision of
Bernard Newbold.

He is in charge of the recruitment
and placement programme for the
Bahamas Track and Field Parents
Association.

“Along with two athletes, there
are two additional athletes, Tre
Adderley and Deandra Deveaux,
who have also secured athletic schol-
arships as well,” said Newbold.

The programme has produced

TRACK AND FIELD

opportunities for six other athletes,
who have already went abroad.
Newbold, who has been working
closely with businessman Harrison
Petty in the association, said they
have been pleased to assist the ath-
letes and he wishes both Miller and
Carey every success as they prepare
for the opening of the spring semes-

ter on January 10.

Miller, a 100/200m specialist from
Queen’s College, said he’s eager to
head off to college and is hoping to
make an impact on the Trojans ath-
letic team.

“T feel good about getting the
scholarship and I’m looking forward
to going over there and competing
very well and earn a good education
at the same time,” said Miller, who
intends to pursue a degree in com-
puter science.

Pacers Win opene

By RENALDO DORSETT
Sports Reporter
rdorsett@tribunemedia.net

win in its season opener gave
the R M Bailey Pacers senior
girls an early claim as a team
to watch in their division of
the Government Secondary School Sports
Association (GSSSA) basketball season.

The Pacers scored a 32-27 win over the
C C Sweeting Cobras yesterday at D W
Davis Gymnasium in the second day of
league play.

Ariel Stuart overpowered the Cobras
on the interior and poured in a game-high
12 points to go along with eight rebounds
and two blocked shots.

Stuart said her team is united and
focused on the ultimate goal of a champi-
onship season.

“We have a lot more players this year
and a lot more players that are hungry to
win,” she said. “We came together as a
team and we know that we can win this
year, we just want to go out there and
prove it against the other teams.”

One player making a difference to the
Pacers’ roster is Government High School
Magic transfer Nekythra Gilcud. She was
the catalyst for the Pacers’ defence all
afternoon long, with six steals on the day,
but also came up with key plays on the
offensive end to seal the win.

Gilcud’s jumper from the top of the key
gave the Pacers a 26-22 lead with just over
two minutes remaining. She also made
one of two at the line to keep the Pacers
ahead in the game’s closing moments.

The Cobras opened the game on a 7-1
run, and maintained an advantage for
much of the first half.

Latasha Armbrister scored on a fast-
break layup to tie the game at 10 with just
over a minute left to play in the first half.

Jaynell Cox regained the lead for the
Cobras shortly after, with a three-pointer
which just beat the half-time buzzer to
give her team a 13-10 lead at intermis-
sion.

The Cobras opened the second half on
a 4-0 run to take a 17-10 run, their biggest
lead of the game.

Jameeka Bannister stopped the run for
the Pacers with a baseline jumper and
sparked a run to place her team back in
contention.

Stuart followed with a three-point play
and Gilcud tied the game at 19 to end the
9-2 run for the Pacers.

Lashan Green regained the lead for the
Cobras at the line only to have Shanell
Frazier tie the game once again at 21.

Stuart’s second three-point play of the
second half gave the Pacers their first lead
of the game, 24-21, and put her team
ahead for good.

Armbrister, who finished with eight
points, came up with a steal at halfcourt
and drove downcourt for a fastbreak layup
just before the final buzzer sounded for
the 32-27 win. Gilcud and Bannister each
chipped in with five points apiece. Cox
and Paula Greene both finished with sev-
en points, while Lashan green added six.

JFK, TOWN CENTER MALL, HARBOUR BAY, MADEIRA RD.,.BLUE HILL RD. GEORGE 5T., CHARLOTTE ST.



Felipé Major/Tribune staff

SEASON OPENER: The R M Bailey Pacers defeated the C C Sweeting Cobras 32-27 yesterday in GSSSA action.

SEE more photos on 2E

Having ran personal best times of
10.84 seconds in the century and
22.20 in the half-lap race, 19-year-
old Carey said he’s confident that
he’s going into a programme that
will only enable him to run faster
and he thanked Newbold and the
association for making it all possi-
ble.

“T feel like he’s helped me a lot to
get the scholarship,” Miller said.

SEE page 3E

Byron gets
All-America
tourney
invite

By RENALDO DORSETT
Sports Reporter
rdorsett@tribunemedia.net

ONE of the Bahamas’ up
and coming stars on the base-
ball diamond has achieved
national acclaim in the United
States.

Byron Ferguson Jr, after
several impressive seasons at
Trinity Christian Academy,
has been invited to partici-
pate in 2011 Under Armour
Pre-Season All-America
Tournament presented by
The Baseball Factory and
Team One Baseball.

The versatile Ferguson has
played several positions for
the Warriors — in the outfield
and on the mound.

As a pitcher, he has report-
edly delivered a 92mph fast-
ball.

Ferguson is a product of the
Junior Baseball League of
Nassau and former star at St
Augustine's College.

He won a junior boys
BAISS title and was also a
Carifta bronze medallist at
the 2009 edition of the Games
in St Lucia.

The tournament is slated to
be held January 14-16 at the
Kino Sports Complex — the
spring training home of the
Arizona Diamondbacks — in
Tucson, Arizona.

Under Armour Pre-Season
All-Americans provide a
showcase and is currently the
only Pre-Season All-Ameri-
can honour which gives play-
ers an Opportunity to partici-
pate on the field.

Ferguson and others were
invited after being selected on
a criteria based on a strong
performance at a previous
Baseball Factory Event or
recommendation by a pro
scout.

The tournament is expected
to feature 20 teams divided
by regions.

And to give scouts a more
in-depth look at the talent lev-
el of young players, will rotate
amongst stations that include
pro-style workouts, videos
and instructions from some
of the top coaches around the
country.

According to the event's
website, pro scouts repre-
senting 24 of the 30 Major
League Baseball teams have
attended the tournament in
2008 and 2009.

With the invite, Ferguson
and others gain an early
advantage for consideration
for the 2011 Under Armour
All-America Game.

Footiongs

Meatball, Ham, Tuna,
Turkey, Pepperoni

Subs & Salads

HEALTHY & ALWATS FRESH



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PAGE 2E, THURSDAY, NOVEMBER 18, 2010 TRIBUNE SPORTS
LOCAL SPORTS

GSSSA Basketball Regular Season

Photos by Felipé Major/Tribume statt

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at :

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Oey oe oe :

we acon ae

Caaf et

WAS 5] 6”

3] 3”

TORRES

"Best European Winery of the Year.” - Vine Enthusiast Magazine (2006).

AVAILABLE AT SELECT BURNS HOUSE
| & BUTLER AND SANDS LOCATIONS.

OPENING GAME: The R M Bailey Pacers defeated the C C Sweeting Cobras 32-27 yesterday.

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





TRIBUNE SPORTS THURSDAY, NOVEMBER 18, 2010, PAGE 3E

LOCAL SPORTS

Special Olympics Bahamas’ girls



strike gold in soccer tourney

THE Bahamas was well
represented — the girls’ team
won gold and the boys had to
settle for fourth — at the first
Caribbean Soccer Tourna-
ment hosted by Special
Olympics Jamaica.

“Soccer is a new sport for
Special Olympics Bahamas,
and they represented us well.
We are so very proud of our
athletes,” according to Roo-
sevelt Thompson, who accom-
panied the team.

The girls’ team consisted of
Anita Moncur, Trenice Bell,
Alvia Penn, Racquel Moxey,
Shaniqua Newbold, Charleisa
Bain, and Melba Pratt and
was coached by Carmen
Forbes and Gilbert Williams.

The boys’ team was made
up of Rando Morris, Brenville
Dorsette, Marion Nottage,
Adrian Robinson, Clinton
Ferguson, Levonne Imlach,
Amal Johnson and Zekuum-
ba Major and coached by
Vandyke Bethel. Antesha
Culmer was team manager
and sports director.

Boys settle for
fourth place

As Special Olympics
Caribbean introduces new
sports in the region, efforts
continue to provide competi-
tion opportunities for the ath-
letes who train year-round in
their respective sports — track
and field, swimming, tennis,
bocce, bowling, soccer, bas-
ketball and judo.

The Bahamas is expected
to host the annual Basketball
Invitational Tournament on
December 4.

And next year, a 40-mem-
ber team is expected to travel
to Athens, Greece, to partici-
pate in the Special Olympics
World Games, celebrated
every four years.

The last World Games was
held in 2007 in Shanghai, Chi-
na.

Team Bahamas brought
home 35 medals.



BIG SHOT: Amal Johnson prepares for a shot on goal.



FANTASTIC FOURTH: Members of the boys’ team with coach Vandyke Bethel (centre back row).

Bahamians secure scholarships

FROM page 1E

“He’s made sure that we have
gotten the best deal out there
so that we can also go over
there and get a good educa-
tion.”

A former basketball player
at Jordan Prince Williams
High School in New Provi-
dence up to the time of his
graduation in 2005, Carey said
he was competing in a local
church track meet when he
was spotted by Tonique
Williams-Darling, who
encouraged him to get
involved in the sport.

“My only regret is that I
didn’t start running track
sooner,” said Carey, who has
only been competing for the
past season. “I enjoy it and
now I’ve been able to get a
scholarship through it.”

As he prepares to travel
along with Miller as a com-
puter science major, Carey
noted: “I think it’s a good
opportunity. It’s a good pro-
gramme, we should get some
good training and at the same
time get a good education.”

The 22-year-old Carey, who
has ran a PR of 22.02 in the
deuce and 48.68 in the quar-
ter-mile, said his goal is to
become the best Trojan ath-
lete at Colby Community Col-



SCHOLARSHIPS: Sprinters Charles Miller and James Carey are
preparing to head to Colby Community College in January.

lege.

“T think Bernard has done a
good job. He’s worked hard
to get us in college,” Carey
said. “He’s been keeping
updated on everything that
has been going on. Now we
are set to travel.”

The duo have not finalized
their travel date, but they
both indicated that they

entities available.
they're gone, they're GONE.

Promotion ends November 30, 2070,

intend to leave at least a week
before school opens on Janu-
ary 10.

They will be joining female
sprinters Shauntae Miller, the
elder sister of World Jr 400m
champion Shaunae Miller, as
well as Gortia Ferguson and
Grand Bahamians Mikarla
Swann and Gabrielle McIn-
tosh.

Ue NCE
The National Insurance Board
of the Commonwealth of The Bahamas

~ Important Notice to Pensioners ~

The Nattonal Insurance Board wishes to advise the public that pension payments
for the month of November will not begin on Thursday, November 18, 2010, as
previously scheduled. Instead, payments for both November and December will
begin stmultaneously from November 26 at the usual times and places. Increases
and adjustments arising out of the July 2010 amendments to the Benefits Regulations
will also be reflected in the November 26 pension payment period.

The National Insurance Board apologizes for any inconvenience caused by the

delay in payments.





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PAGE 8E, THURSDAY, NOVEMBER 18, 2010 TRIBUNE SPORTS
LOCAL SPORTS

HIGHLIGHTS: St Andrew ’s Hurricanes win BAISS title



FOUR STRAIGHT!: The St Andrew's Hurricanes senior |
boys overcame a stunning game one loss to claim |
their fourth consecutive title with a thrilling 7-6 win
over the Nassau Christian Academy Crusaders during | |
the Bahamas Association of Independent Secondary
Schools softball championships.

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Full Text


{T)\

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Volume: 106 No.300

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The Paint De
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P.O. Box N3723
Tel:326-1875



THURSDAY, NOVEMBER 18, 2010 PRICE —75¢ (Abacgand Grand Bahama $1.25)

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USS ae:























Kermer attacks Balia



Press statement is
released in rare move

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

AS the debate waged in
the House of Assembly yes-
terday over the labour reso-
lution for the Baha Mar pro-
ject, Kerzner International’s
chairman and CEO Sol
Kerzner warned that
approval of this develop-
ment would be a clear
breach of an investment
agreement signed with
Atlantis, the now largest pri-

vate employer in the
Bahamas.

In a rare move, Mr Kerzn-
er issued a press statement
to the media yesterday
pointing out that when they
were induced into make
their “substantial invest-
ment” in the Bahamas,
Kerzner’s Heads of Agree-
ment embodied a provision
guarantecing the company
that if they made their
investment, “no subsequent

SEE page 11

KERZNER INTERNATIONAL *

Bahamian comennction workers:
Foreign constriction workers

Pennanent workers:..
Sumber of roca:

Total Investinent:.,
Aporoach te ccurstnaction:

O jer cet
a0 pet cent

EOOW) (0 tire

401+ fo tak

523 billion (so far)
Thee plieses (so frard

BAHAMAR RESORT LTD (APPROX.) « «

Balauuan coienikchin Workers
Wogkers

Porenia Const Cion
Periraatvenit Workers
ines OT Poo

| Torall Ereaiiean

» Approach to cons rructio:

4000 (27 per cent}
£000 (73 per cel}
ea

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$2.6 billiow

VT sg phase

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if puree boned on Menrecty Meer of Poriarent Kerpets Gibeon
oi libwiton ba dabala on Bahaiiai Aeseltion, Howie of Asenmble 17/1200

Mar contract preach

Felipé Major/Tribune staff



A TAXI DRIVER who was driving two tourists over the old Paradise Island bridge lost control of his vehicle, barrelling down the bridge and
crashing into the plaza near Customs Computers on East Bay Street yesterday. The driver and one of the tourists sustained minor injuries. Police
say the driver was unable to brake his van as he was descending the bridge shortly after 11am. The vehicle was carrying two women tourists,

Row in House over QQIigenisiimainn
Naas a Gadel capes

land for Baha Mar



eA wae dete he

=

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By TANEKA THOMPSON
Tribune Staff Reporter
tthompson@tribunemedia.net

A WAR of words broke
out in the House of Assembly
yesterday between members
of Government and the
Opposition over the sale of
264 acres of land in Cable
Beach to facilitate the $2.6
billion Baha Mar develop-
ment.

Kennedy MP Kenyatta
Gibson, who moved the gov-
ernment's Baha Mar labour
resolution, claimed the
Christie administration was
so overwhelmed by the
resort's billion dollar price tag
that they were willing to sell
the "birthright" of future gen-

SSO eA

te a,
Oia

Lis

erations for "peanuts."

He also accused the Oppo-
sition of engaging in secret
deals, back-room arrange-
ments and implementing con-
fidential clauses during their
Baha Mar negotiations.

"Without batting an eye lid,
they gave away Cable Beach,
Goodman’s Bay, the old
Hobby Horse Hall and parts
of the Killarney district, and
then sought to cover up the
deal with silence in the face of
inquiries from the Bahamian
people,” said Mr Gibson of
his former Cabinet col-
leagues.

"The Bahamian people
deserve better than this

SEE page 12

By NATARIO McKENZIE
Tribune Staff Reporter

nmckenzie@tribunemedia.net

THERE is no provision in
Bahamian law to allow the
courts to stipulate or recom-
mend how much of a “life
sentence” an inmate must
serve before being eligible
for parole, Court of Appeal
President Dame Joan Sawyer
stated in a judgment yester-
day.

The Court of Appeal yes-
terday handed down the deci-
sion relative to the appeals
of three inmates: Forrester
Bowe, Trono Davis and
Philip White, who are all cur-
rently serving “life sen-
tences.”

The appeals of all three
inmates were, however, dis-
missed by the appellate court
yesterday.

Bowe’s appeal had been
argued by attorney Keod
Smith, while White and Davis
were represented by attorney
Jerone Roberts. It had been
argued that the appellate
court, as well as the Supreme
Court, could stipulate a fixed
period during the currency
of a life sentence which per-
sons sentenced to life must
serve before becoming eligi-
ble for parole.

In her ruling yesterday
Dame Joan noted: “This
court has no power under the

SEE page 14

ere

SLACK F ; . BAY

Pee HM Ce

ere gate

Shopping Center - Tel

Cee ee





NASSAU AND BAHAM/?

ISLANDS LEADING NEWSPAPER

ee ee ee ar!

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a) ele ee
THE TRIBUNE





POUTICS



FNM ‘stilt’ PLP almost ready to announce new

set of general election candidates

jovernance’



HUBERT INGRAHAM

By NOELLE NICOLLS
Tribune Staff Reporter

nnicolls@tribunemedia.net

THE Free National
Movement is still in “gov-
ernance mode” despite the
recent announcement by
Prime Minister Hubert
Ingraham confirming his
plan to seek re-election in
the next general election.

“It will be distinctly pre-
mature for persons to act
as if the government has
signalled the intention of
going back to the people
early, when in fact the gov-
ernment has not sent a sig-
nal that it’s intending to go
back early,” Carl Bethel,
FNM chairman, told The
Tribune yesterday.

“We still have at least a
year and a half in our man-
date and it would seem to
be more in the economic
interest of Bahamians that
the government should
focus this time on quality
governance.”

Setting the date for the
next election is the respon-
sibility of the prime minis-
ter, although constitution-
ally it must be called no
later than May 2012.

“T can only say that right
now the party has not giv-
en any official considera-
tion to the question of
which candidate it will field
in the next election. We
have not gone through the
process of nomination or
renomination, so it is
impossible to speculate on
either the intention of any
incumbent MP or the
intention of the party,”
said Mr Bethel.

Ratified

Despite the uncertainty
about the election date and
the finalisation of con-
stituency boundaries, the
Progressive Liberal Party
(PLP) has gone ahead with
candidate selections. Since
March, the party has rati-
fied eight candidates, and
new announcements are
expected next week.

Mr Bethel said the gov-
ernment has to “be careful
what signal it sends”,
because any suggestion
that it plans to call an early
election would make “the
process of governing all the
more difficult until the
issue of an election is
resolved.”

“It is always the judg-
ment of the governing par-
ty as to when to send that
signal to the people. Suf-
fice to say, once that signal
is sent it becomes difficult
to focus solely on govern-
ing. Governance becomes
a somewhat secondary
issue because people will
focus their attention on
elections rather than the
governing process,” he
said.

Questioned about the
prime minister’s declara-
tion this weekend, Mr
Bethel said it would be “a
little bit premature” to use
that as evidence of the par-
ty’s change in focus.

He said the signal will
likely come when the FNM
starts the process of nomi-
nation and renomination.

“T think the Bahamian
people can confidently
expect that the party will
act at the appropriate time
and that there will not be
any undue delay on our
part once we have deter-
mined it is the appropriate
time to commence that
process. At this time we
are more concerned about
good governance. Politics
will take care of politics,”
said Mr Bethel.

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CYNTHIA PRATT

By NOELLE NICOLLS
Tribune Staff Reporter
nnicolls@tribunemedia.net

THE Progressive Liberal
Party (PLP) is almost ready to
announce a new set of ratified
candidates for the next general
election.

“Next week there are likely
to be new announcements,”
Bradley Roberts, party chair-
man, told The Tribune.

Since March, the PLP has
ratified eight candidates who
are expected to contest seats in
the next general election.

It is not yet clear when the
general election will be held,
although it must be called no
later than May 2012. This is at
the discretion of the prime min-
ister.

According to Mr Roberts,
the PLP is currently considering
new nominations in con-
stituencies occupied by Free
National Movement (FNM)
Members of Parliament.

Renominations “will come at
the end,” he said.

The FNM currently holds 24
of the 41 seats in the House of
Assembly. The PLP holds 17.

So far, St Cecilia MP Cyn-
thia Pratt is the only PLP MP to
have publicly stated an inten-
tion not to seek renomination.

In March, the National Gen-
eral Council of the PLP met to
accept the recommendations of
the Candidates Committee and
ratify Senator Jerome Fitzger-
ald to run for the Marathon
constituency, Senator Michael
Halkitis for Golden Isles, Sen-
ator Hope Strachan for Sea
Breeze, and political newcomer
Dr Kendal Major for Garden
Hills.

Senator Dr Michael Darville
in Pineridge and Greg Moss in
Marco City were ratified in
June.

In August, financial services
consultant Jerome Gomez was
ratified for Killarney and podi-
atrist Dr Daniel Johnson was
ratified for Carmichael.

This confirms at least five
new faces on the PLP slate. The

LOCAL NEWS

JEROME FITZGERALD

announcement next week is not
expected to complete the list
of new nominees, although it
will bring the PLP closer to
establishing its complete slate.

Kennedy

It is unclear whether the
upcoming announcement will
settle the matter of the
Kennedy constituency.

Attorneys Derek Ryan and
Dion Smith are said to be front-



BRADLEY ROBERTS

runners in that area.

Mr Roberts would not com-
ment on the constituencies
involved in the upcoming
announcement.

Sources within the party have
told The Tribune that the push
to roll out candidates is a part
of a “new image” the PLP is
seeking to project. The party
wants to appear “proactive”
instead of “reactive” and con-
vince the public it is capable of
going toe-to-toe with the FNM.

THURSDAY, NOVEMBER 18, 2010, PAGE 3


THE TRIBUNE

THURSDAY, NOVEMBER 18, 2010, PAGE 5



LOCAL NEWS

Mitchell hits back
at MP’s comments
over Baha Mar

OPPOSITION MP for Fox
Hill Fred Mitchell yesterday
took exception to the impli-
cation that he with others of
the former PLP Cabinet in
their negotiations with Baha
Mar sold off the birthright of
countless generations of
Bahamians for “peanuts.”

The remark Mr Mitchell
was referring to was made by
the FNM’s MP for Kennedy
Kenyatta Gibson during his
first movement of a resolu-
tion on the $2.6 billion Baha
Mar project in the House of
Assembly.

Mr Gibson in his address
said that he was advised that
the principals of Baha Mar
could not believe their good
fortune in meeting “national
leaders who were willing to
sell off the birthright of count-
less generations of our peo-
ple for peanuts.”

“They were laughing and
continue to laugh all the way
to the bank.

“The Chinese Export-
Import Bank that is, Mr
Speaker, sir,” the Kennedy
MP said.

Taking offence to this
remark, Mr Mitchell said that



BAHA MAR ROW:
Fred Mitchell

what Mr Gibson was accus-
ing him of was tantamount to
treason and should be with-
drawn.

“The point is this, we sat as
a Cabinet, they sit as a Cabi-
net, we make a decision which
is for the peace and good
order of the country. How
does that translate into the
selling off of the birthright of

COURT ADJOURNS APPEAL HEARING OF
MAN CONVICTED OF ATTEMPTED MURDER

THE appeal hearing of a man convicted of the attempted
murder of a police officer during a bank robbery two years ago
had to be adjourned for a second time yesterday.

James Miller appeared in the Court of Appeal on his appeal
against conviction and sentence. Miller and Anthony Williams
were convicted and sentenced to life imprisonment last June for
the attempted murder of woman Corporal 2445 Natasha Black
who received pellet shots to her face while responding to the
armed robbery of ScotiaBank on East Street and Soldier Road
in July 2008.

Court of Appeal President Dame Joan Sawyer noted that on
the last occasion the court had ordered that the registrar
appoint new counsel for Miller.

However, Miller informed the court that no counsel had been
appointed to him. The matter was adjourned to December 7.

Miller and his co-accused Williams were also convicted on
five counts of armed robbery, for which they each received 25
years on each count, and one count of grievous harm for which
they were each sentenced to serve five-year sentences.

Senior Justice Jon Isaacs also sentenced each of the men to
ten years in prison for possession of a firearm with the intent to
endanger a life.

The men were further convicted of three counts of possession
of a firearm with the intent to resist lawful arrest. On the first
two counts, they were each sentenced to 10 years; on the latter
count, they received another 14 years. The sentences were
ordered to run concurrently.

a generation? How does that
do so?

“And to say so is making
an imputation that you have
somehow sold out the coun-
try,” Mr Mitchell said.

Answering the Fox Hill MP
was the FNM’s Leader of
Government Business Tom-
my Turnquest who said that
Mr Gibson’s remarks were
not necessarily directed at the
PLP Cabinet, although he did
admit that the Kennedy MP
may have meant to criticise
the former Cabinet. In any
event, Mr Turnquest said that
he did not think that the
remarks warranted a retrac-
tion.

To this, Mr Mitchell said
that the reference to “nation-
al leaders” being willing to
sell the birthright of Bahami-
ans has to refer to those per-
sons who were sitting in Cab-
inet at the time and who were
the negotiators.

“T must take exception to
that,” Mr Mitchell told the
parliament. “I agreed with
these proposals, sitting as
national leader of the
Bahamas. Never once did I
envisage selling out the
birthright of the Bahamas.
And to impute such a motive
to me is extraordinary, extra-
ordinary! Whether he
believes it or not, but to sub-
scribe that motive to me is
simply improper. And it goes
beyond a point of order, it is a
point of privilege,” Mr
Mitchell exclaimed.

After some continued
debate on the matter between
Mr Turnquest, Speaker of the
House Alvin Smith and the
PLP’s Leader of Opposition
Business Obie Wilchcombe,
no additional action was tak-
en to address Mr Mitchell’s
concerns.

Mr Mitchell reserved his
point of privilege on the mat-
ter until he could review the
official transcript of parlia-
ment’s proceedings yesterday.

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PAGE 6, THURSDAY, NOVEMBER 18, 2010

LOCAL NEWS

THE TRIBUNE



SE a LY

THE Lyford



Cay International School (LIS) is holding an open house on
Wednesday, November 24 at 5.30pm at the British Colonial Hilton. The i
evening will consist of a visual presentation to learn more about the rigor-
ous International Baccalaureate academics; the creative arts programme;
the state of the art technology platform; diverse international and Bahami- :
an student body; the small class sizes, and the financial aid programme,

RCM ORT |

Search for missing
‘Sailor is called off



By MEGAN REYNOLDS
Tribune Staff Reporter
mreynolds@tribunemedia.net

AN AGONISING three-
day search for an Atlanta
sailor who disappeared when
aracing boat capsized in the
Abacos was called off by the
Royal Bahamas Defence
Force yesterday.

Laura Zekoll was one of

which is available to qualifying Bahamians and permanent residents.

Palm Cay Marina & Residences



Woman from US was one of four
thrown from yacht in Abacos

four who were thrown from
the racing yacht near Lynard
Cay in East Abaco at around
11pm on Saturday, sparking
a search and rescue effort led
by the RBDF.

Senior Lieutenant Carlon
Bethell said the Defence
Force dispatched an aircraft
immediately after the acci-

for the Virgin Islands more
than a week ago.

The boaters encountered
high winds and ocean swells
up to 20ft high as they sailed
through the Abacos on Sat-
urday night.

Sr Lt Bethel said there
were just four people on
board, three who survived

called it off because of the
unlikelihood of finding her.”

Ms Zekoll’s sister Angie
Cushwa, who lives in Gwin-
nett County, Atlanta, Geor-
gia, told her local television
station WSBTV Channel 2
Action News how her family
and friends will travel to the
Bahamas later this week in

dent to search for Ms Zekoll and were brought to New _ the hopes of finding the miss-
iS rs ek as three others who had been Providence for treatment, ing woman.
on board the racing yacht and Ms Zekoll, who has yet
swam to shore. to be found. Volunteer
u G Search efforts launched
De oe CC Oe e @ RCE! Rescued _ by the RBDF on Saturday She said Ms Zekoll was an

Our

an

international
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created
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campaigns have
on this unique

gated development off Yamacraw Hill Road in New
Providence. We are now seeking an exceptional individual
to assist us in taking Palm Cay to the next phase.

Duties will include:

Showing prospective clients around the project

The three who made it to
Lynard Cay were rescued by
the United States Coast
Guard, and the RBDF con-
tinued the search for Ms
Zekoll by air, land and sea.

American media reports
state Ms Zekoll was hired by
Atlanta couple Richard and
Debra Ross to help sail their
boat from Virginia to the
Caribbean and they set off

night were assisted by the US
Coast Guard until Tuesday.
The RBDF then retracted
their search and rescue teams
yesterday.

Sr Lt Bethell said: “The
US Coast Guard rescued the
three who had made it to
shore and they were brought
to New Providence, but we
have been fully engaged in
the search by air, land and
sea.

“After nearly four days we

active volunteer and great
helper of the poor and vul-
nerable.

Her arm was severed ina
motorcycle accident when
she was just 18 and success-
fully reattached in surgery,
allowing her to live an active
life.

“Tf anybody could survive
this, she has the tenacity,”
Ms Cushwa told the televi-
sion station. “She could do
it.”

WestJet resumes nonstop service to GB

Negotiating and finalising sales

Following-up all potential leads

Local marketing (some international travel required)

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In first instance please email CV and

covering letter to timB@palmcay.com



By DENISE MAYCOCK
Tribune Freeport Reporter
dmaycock@tribunemedia.net

FREEPORT - Grand Bahama can
expect thousands of visitors again this win-
ter as WestJet resumed its seasonal non-
stop service from Toronto to Freeport for
a second consecutive year.

Terrence Roberts of the Ministry of
Tourism Office in Freeport said the non-
stop service from Canada is “very conve-
nient” and provides an opportunity for
Grand Bahama to increase its share in the
growing Canadian market.

“Having this non-stop service is very
convenient for our customers who can get
here and begin vacationing right away
without having to stop at other locations
before they get here,” said Mr Roberts.

The low cost carrier is expected to bring
more than 10,000 visitors to Grand
Bahama this year.

As part of their ongoing promotion and
marketing efforts, Tourism officials are

hosting a “familiarisation trip” for a num-
ber of tour planners from Canada tonight.

Mr Roberts said he is very optimistic
that the event will help make some inroads
into the Canadian market.

Grand Bahama was the number one des-
tination for Canadian visitors 35 years ago,
and tourism officials are trying to win back
that market.

It is hoped that low-cost carriers like
WestJet will help to lure visitors back to
Freeport and away from competing desti-
nations.

Mr Roberts said various hotels on Grand
Bahama are part of the familiarisation trip,
including the Radisson at Our Lucaya
Beach and Golf Resort, Pelican Bay and
Old Bahama Bay.

A welcome reception will be held at the
great lawn at Our Lucaya Resort today.

The group will visit the various conven-
tion facilities while on the island. They
also will be taken to Smith’s Point Fish
Fry, Junkanoo Beach Club and some
nightspots.

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PAGE 8, THURSDAY, NOVEMBER 18, 2010

LOCAL NEWS

THE TRIBUNE



Eade e Us

Ga Us

THANKS to Santa's Helpers and Richie's
Calypso, the youngsters at the Grand
Bahama Children's Home will have new
shoes for the holidays.

Vicky Martell of Santa's Helpers said she
has always wanted to help the home and
this year with her donations coming in ear-




















ly, she knew that the shoes would be a great
gift.

“We were able to donate dressy, school
and everyday shoes thanks to our partners
Riche’s Calypso, and we snuck in a few toys
to keep the boys busy over the Christmas
too," said Ms Martell.

MOSCOW

RUSSIA'S state-controlled oil firm has
teamed up with other companies planning
to tap Cuba's offshore oil fields in the Gulf
of Mexico, according to Associated Press.

Gazprom Neft has signed a deal to
acquire a 30 percent stake in a project
operated by Malaysia's Petronas company
to develop four offshore blocks just tens of
miles (kilometers) away from the U.S.
coast.

Sa: fordCay
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while building character and teaching values.

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We invite you to attend our Open House to learn more about
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Wednesday, 24th November, 2010
Presentation starts: 5:30pm - British Colonial Hilton

Russian firm takes stake
in Cuban oil project

DONATION: Jean Hivert, GBCH executive committee member and Vicky Martell of Santa's
Helper's along with some of the shoes and toys that were donated to the home. Persons wishing
to donate to the home can go to the website www.gbchildrenshome.com.

Gazprom Neft said in a statement that
the project is to be financed proportion-
ately by participation shares.

The agreement will take effect following
its approval by the Cuban authorities.

Gazprom Nneft chief Alexander
Dyukov said the deal will enable the com-
pany to further extend its geographic reach
and strengthen its position in the global
market.

He said the plans will promote the com-
pany’s growth and boost production.

| Ms. Rebecca Johnson

The Executive and members of The Nurses

Association of the Commonwealth which to

For further information or to enroll now, please contact:
Mrs. Rose-Marie Taylor - Admissions Director

Email : rtaylor@lcis.bs .
Telephone: 362 4774 x245 www.lcis.bs



extend congratulations to Mrs. Justina Knowles
and Mrs. Rebecca Johnson on their promotion
to Senior Nursing Officers.

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

THURSDAY, NOVEMBER 18, 2010, PAGE 9



LOCAL NEWS

It’s beginning to look a lot like
Christmas at the BNT Jollification

THE BNT’s annual holiday
celebration, the Christmas Jolli-
fication will open the holiday sea-
son on Friday evening at The
Retreat on Village Road with its
special members evening.

BNT members will be treated
to a special evening at which the
decorated Godfrey Higgs Pavil-
ion, compliments of Jim White-
head of the Nassau Florist, will be
unveiled.

Food will be provided by
Alexandra Maillis and Some-
thing’s Different Edible Art;
cocktails will be sponsored by
Bristol Wines and Spirits.

“We are truly grateful to Bris-
tol Wines and Spirits, Bahamia
Rental, Jim Whitehead, Asa H
Pritchard, Alexandra Maillis and
Something’s Different for sup-
porting the BNT and providing
this special evening to our mem-
bers who support the national
park system and the work of the
BNT,” said Lynn Gape, BNT
deputy executive director.

The event opens to the gen-
eral public on Saturday from
1lam-5pm and on Sunday from
noon to 5pm. The arts and crafts
exhibition features over 75 artists
who will have crafts, jewellery
and gift items on sale on Saturday
and Sunday.

Andy Albury of Hope Town,
Abaco will have his wooden half
model sailboats; Joanne Bradley
will feature handmade wooden
boxes and Christmas ornaments;
Kimberly Roberts of Bahama
Dawn Designs returns with art
quilts, home décor items, ceram-
ics and unique original jewellery;
Linda Sands returns with her
cork work as does Linda Turtle
with her stained glass ornaments
and designs; Yvette Jordan of
Island Flava will have her original
Junkanoo dinnerware and
Dorothy Miller of Long Island
joins the Jollification with her
award winning straw work;
unique jewellery will be offered
by Pirates and Pearls.

The Jolly Market, the BNT
said, has become the happening
area of the Jollification.

This area features homemade
jams and jellies, cakes, jewellery,
hand-painted tiles and straw
designs from a number of arti-
sans.

Returning with their products
made from the Neem tree are
Abaco Neem. And for pet own-
ers, Amanda Meyers and Lynn



JOLLIFICATION: Tiffany Wildgoos with her Christmas Crafts.

Gratton will have home baked
treats as well as special T-shirts
with “Pet Friendly messages.”

“The Bahamas Humane Soci-
ety will be on hand with their ID
tags which might help your pet
find his way home and Proud
Paws will have wonderful toys
that will keep your pets tail wag-
ging throughout the holiday sea-
son,” the BNT said.

There is also a special plant
area where the Gardens Nurs-
ery, Flamingo Nursery and the
Potting Shed will have unique
specimens on sale. For the kids,
there is the children’s crafts area
sponsored by Asa H Pritchard
which will feature nature orient-
ed and also Christmas crafts.
There will be face painting, ice
cream and cotton candy.

For all other culinary needs,
the chefs at Jollification will be
preparing both Bahamian and
mternational cuisine.

Inner Wheel of East Nassau
will have home baked goods;

Hands for Hunger will serve
soup, and the Batter Girls will
feature their conch fritters, while
the Caribbean Spice Café will
feature Jamaican jerk cuisine.
The Annunciation Greek Otho-
dox Church will provide patrons
with mousaka, pastitsio, grilled
lamb and baklava.

Philipine Delights will provide
an Asian flavour and Blue Caviar
will feature French and Italian
classics. Bahamian cuisine is well
represented by Christine Rolle
of a Taste of ’Briland. For those
who just want an old fashioned
hamburger the East Nassau
Rotary Hamburger Van will be
serving their “world famous in
the Bahamas” burgers.

“We hope that the event will
be well supported this year. Many
of our exhibitors work through
the year preparing their crafts for
the event and it is an excellent
opportunity to shop for high
quality Bahamian crafts,” said
Ms Gape.

Scripture Thought
JAMES Chpt. 2: 1-8

Beware of Personal Favoritism

1 My brethren, do not hold the faith of our Lord Jesus Christ,

the Lord of

ry, with partiality.

glo
2 For if there Should come into your assembly a man with,
gold rings, in.fine apparel, and there should also come in a

poor man tn filthy clothes
3 and

you pay.attention to the one wearing the fine clothes

and say to him, “You sit here in a good place,” and say to
the poor man, “You stand there,” or, “Sit here at my foot

stool,”

4 have you not shown partiality among yourselves, and be

come judges with evil thoughts?

5 Listen, my beloved brethren; Has God not chosen the poor
of this world to be rich in faith and heirs of the kingdom
which He promised to those who love Him?

6 But you have Aishenored the
you into t

7 Bo th you and

oor man. Do not the rich op
e courts?

O a not sata eme that noble name by which you are

8 le fou really fulfill the royal law accordin ng to the or
Oo

You shall

ve your neighbor as yourse

*Ta] you do well;



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to give land-based tours

TOUR operators in New Providence are
i being encouraged to offer more land-based tours
? which provide visitors with a unique experience
i? of Nassau.
? Speaking at a one-day workshop organised
? by the Ministry of Tourism’s Cruise Depart-
i ment, Tourism Director General David Johnson
? said his ministry is focused on helping tour oper-
i ators generate more revenue while meeting the
i? needs of cruise lines and passengers.
i The workshop was designed to assist tour
i? operators with business plans and practices that
? could strengthen their operations and improve
i the overall Bahamas experience for visitors.
i The effort to increase business opportunities
: from the cruise sector has often been a com-
? plex one in the Bahamas, said Mr Johnson, but
? the Ministry of Tourism’s intention is to improve
? revenue and hopefully profits for them and oth-
? er small business operators.
i “This whole area of tour excursion spending,
i it is a competition for that same dollar,” he said.
i “There needs to be a compromise arrived at.
: We need to think in terms of how we earn more
? but recognising that unless the cruise compa-
i nies are in a position where they can get a ben-
i efit, it is not going to happen.
: “So we have to develop and design your tour
? product, your experiences in a way that it makes
i commercial sense for you, but that the supplier
? who you are looking at to bring that business,
? that they see a return too. It then becomes a
? win-win situation,” Mr Johnson said.
i The ministry is currently in discussions with
i cruise lines on how the interests of all industry
? players can be met.
? However, Mr Johnson said his impression is










Derek Smith/BIS

TOURISM DIRECTOR Gensial David Tee
addresses tour operators as permanent secretary
Hyacinth Pratt looks on.

that individuals and groups in the Bahamas still
are not sufficiently focused on experiences that
offer a person an itinerary into Nassau, some-
thing that compliments the other experiences
they would have in other ports of call.

“We are the Caribbean’s leading water sports
experience offer,” he said.

“We have an abundance of that. We have
less in terms of land-based experiences, and
remember almost 60 per cent of our visitors are
coming on three and four-day cruises and many
of them are repeat visitors.”

Mr Johnson said that there is a great oppor-
tunity to expand land-based tours so that visitors
feel that they are getting a new experience.

He also pointed out that businessmen can
access several concessions that have been put in
place through legislation. These include the new
City of Nassau Revitalisation Act, 2008 and the
recent amendments to the Hotels Encourage-
ment Act.

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PAGE 10, THURSDAY, NOVEMBER 18, 2010

THE TRIBUNE



US Ambassador calls for

end to modern-day slavery

THE US Embassy in Nassau
and US Immigrations and Cus-
toms Enforcement hosted a
seminar at the British Colonial
Hilton this week on combatting
trafficking in persons, forced
child labour and child sex
tourism.

US Ambassador to the
Bahamas Nicole Avant provid-
ed the keynote address and
commended the government of
the Bahamas for their “increas-
ingly proactive approach” in
addressing this high priority
human rights issue. Speaking to
the need for an urgent and
broad-based international
response, Ambassador Avant
noted that “the United States
government is fully committed
to ending human trafficking in
all its forms by transforming
public perception, and by work-



US AMBASSADOR:
Nicole Avant

the world to improve the pro-
tection of exploited men,
women and children.”

Over the three-day seminar,

practices designed to bolster
efforts to combat human traf-
ficking. Experts from across the
US shared their experiences and
struggles in human trafficking
prevention, investigations, pros-
ecutions and victim assistance.
Ambassador Avant concluded
her remarks by imploring the
participants to fight against this
modern-day form of slavery
“Just as hard as we fought to end
the slavery of the 19th century.”

Bahamian government rep-
resentatives from the Ministry
of National Security, Ministry
of Labour and Social Develop-
ment, Ministry of Foreign
Affairs, Department of Immi-
gration, Royal Bahamas Police
Force, Royal Bahamas Defense
Force, National Emergency
Management Agency, Office of
the Attorney General, and non-

ing with law enforcement agen-
cies and policy makers around

participants and presenters
shared information and best

government organisations
attended the seminar.

TERREVE COLLEGE GETS RECOGNITION FROM MINISTRY

By DENISE MAYCOCK
Tribune Freeport Reporter
dmaycock@tribunemedia.net

FREEPORT - Terreve College has received
official recognition from the Ministry of Educa-
tion to offer Bachelor degrees in association with
Keiser University.

The Freeport-based institution has formed an
articulation agreement with Keiser in five areas of
study, including business administration, accounts,
criminal justice, primary education, and accounting
computer software systems management.

Terrance Archer, president of Terreve College,
said recognition from the ministry has opened the
door of opportunity for more working individuals
to attend the college, which is now awaiting
approval from the Department of Public Services so
government workers can enroll in the Bachelor
degree programmes that are being offered.

“We were first facilitating Keiser’s programme in
which students would be able to receive a Keiser
degree, but now, if we want to as an option, we can
offer the Bachelor programme at Terreve for a
very affordable rate, and we are pleased that the
Ministry of Education has granted that,” he said.

Terreve College opened 12 years ago as a tech-
nical institute. It offers high school equivalency
diploma, short term certificates and diploma cours-
es, as well as associate degrees.

The offices are located in Nyo’s Grace Plaza,
and classes are held at the Bishop Michael Eldon
High School in the evenings. Plans are also under-
way to expand to Nassau and Abaco.

Mr Archer expects enrollment at Terreve to
pick up in January now that their Bachelor degree
programmes have been accepted by the ministry.

Former educator Donald McCartney, a senior
official at the Department of Public Services, said
receiving recognition is important because it not
only means that degrees offered by Terreve are
accepted by the Ministry of Education but also by
private companies.

According to Mr Archer, the Bachelor pro-
gramme is an accelerated 18-month programme.

He said Terreve has enrollment every month so
students do not have to wait the usual three to
four months as required at other tertiary institu-
tions.

“Individuals that have been left behind by some
other institution which has closed their doors or dis-
continued the programmes can enroll anytime at
Terreve,” he said.

“Persons coming to Terreve do not have to wor-
ry about the clutter or plethora of classes being
heaped on them all at one time in a given quarter
because we do one course per month for the entire
term.

“This allows students at the end of the day a
chance at having a very solid grade point average,
and Keiser has been doing this in its programmes,
which have been very successful over the years.”

Mr Archer said Terreve has also targeting enroll-
ment of actual high school students by introducing
a pilot programme that allows 10 and 11 grade stu-
dents to enroll in study towards an associate degree.

“We have visited all of the high schools on Grand
Bahama telling them about the pilot programme, so
by time the student graduates from high school
they will also be graduating with an associate
degree,” he explained.

Mr Archer said Tabernacle Baptist Academy is
the only school, so far, that has taken advantage of
the programme.

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

THURSDAY, NOVEMBER 18, 2010, PAGE 11



LOCAL NEWS



Kerzner attacks Baha
Mar ‘contract breach’

FROM page one

investor would get more
favourable terms.”

The statement said:
“Although we were confi-
dent in our abilities to re-
establish the Bahamian
tourism industry at that
time, we did so in the face
of truly dire economic
conditions. Accordingly,
we insisted upon most
favoured nation treatment,
which would ensure that
no subsequent investor
would be given advantages
that we never enjoyed.

“Since our first invest-
ment, we have always
found Government — irre-
spective of the party in
office — to be a faithful
partner who has justified
our initial and subsequent
confidence in the Bahamas
as an investor. We have
invested more than $2.3
billion over the course of
our build-out of the three
phases of Atlantis, increas-
ing our room count from
approximately 1,100 in
1994 to over 4,000 today.

“We have grown the
Bahamian workforce from
approximately 1,200
employees when we com-
menced operations in 1994
to nearly 8,000 full-time
employees today, not to
mention the indirect
employment that our
investment has generated
in the community. Fur-
thermore, we have spent
millions on training pro-
grammes to develop and
improve the skills and pro-
fessionalism of our work
force, which has allowed
Atlantis to be rated among
the top resorts in the
world,” he said.

Mr Kerzner went fur-
ther, outlining that in their
single largest investment
of approximately $1 bil-
lion for phase three,
Atlantis again signed
another Heads of Agree-
ment with the then PLP
government in 2003.
Among the many require-
ments that the government
imposed under this and
prior agreements, Mr
Kerzner said was a “strict
rule that at least 70 per
cent of the total construc-
tion labour force would be
Bahamian.”. However,
with Baha Mar’s proposal
of some 8,150 Chinese
labourers, Atlantis offi-
cials insist that this new
deal with the Cable Beach
developer will constitute a
complete reversal of this
previous standard.

Adding to his chair-
man’s comments, Kerzner
International’s managing
director George Markan-
tonis informed The Tri-
bune yesterday that they



“We insisted upon most
favoured nation treatment,
which would ensure that no
subsequent investor would
be given advantages that we
never enjoyed.”



intend to discuss this
breach in their Heads of
Agreement with the gov-
ernment.

“You can’t put in one
thing in an agreement and
then do another thing.
And really it is as simple
as that,” Mr Markantonis
said.

“Certainly as Mr Kerzn-
er has said, and reviewing
it with our board, the rea-
son we have Heads of
Agreement is to protect
the investor. And frankly
an agreement as indicated
in our statement repre-
sents a solemn promise by
the country for not only us
but it lays out the rules for
any subsequent investor.
Our observation of this
would be that the terms in
our agreement are not
being met, and as we said
we intend to discuss this
further with the govern-
ment as to how this can be
corrected,” he said.

Mr Markantonis added
that he could not discuss
further how this matter
will be “addressed” with
the government, save to
say that they will see how
those discussions develop
and will inform the gener-
al public as such.

“Initially what we are
doing with this statement
is to make people aware
of the situation. I can tell
you that the government
is certainly aware,” he
added.

Fearing that there could
be “cannibalism” in the
marketplace with a new
3,000 room development
on Cable Beach, Mr
Markantonis said they are
very cynical that this com-
munity can handle such an
increase in hotels rooms in
the same high-end market
as Atlantis “all at one
time.”

“At the very least, a pro-
ject of this size should be
phased in over many
years, aS we have phased
in our project over many
years. And the reason for
that is that right out of the
gate the tourism infra-
structure needs to catch up
to additional demand. We
need airlift to be grown
and developed. It is not all
going to grow and develop
in one day just because

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another 3,000 luxury
rooms opened. And I
think that is very critical.
People may say, ‘well that
is easily done’, and I will
tell you right now it is not.

“T will tell you that the
Statistics that we have now
from the Promotion
Boards just for the month
of November 2010 to
December 2009, overall

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airline data reflects depar-
tures are down 26 per cent
and seats are down 19 per
cent from just last year
which was supposed to be
a terrible year.

“Let me tell you what
that equates to, 347 fewer
arrivals in the month of
November this year. Few-
er.

“Now is it plausible that
someone can just go and
add another 3,000 luxury
rooms and find the cus-
tomers where?

“That is what we mean
by infrastructure. It is one
thing to go and say we will
start with 1,200 rooms like
Atlantis did in 1998 with
the Royal Towers.

“Well we didn’t bring on
the third phase until 2007
with the Cove and the
Reef, until we were com-

fortable that we were able
to establish new channels
of business,” he said.

When approached last
night for a comment on
Mr Kerzner’s statement,
Prime Minister Hubert
Ingraham indicated that
he had already voiced his
position on the deal dur-
ing his televised press con-
ference on Sunday. At that
time Mr Ingraham indicat-
ed that while the govern-
ment was in favour of
granting approval for the
Baha Mar project, he was
still not necessarily in
favour of a single phased
development — a position
Mr Kerzner himself agrees
with.

“In his press conference,
the Prime Minister indi-
cated that he was not nec-
essarily in favour of build-





STATEMENT: Sol Kerzner

ing a single phase devel-
opment of more than 3,000
rooms. I wholeheartedly
agree.

“It is our contention that
a first phase of no more
than 1,000 rooms should
be built and absorbed into
the market successfully
before undertaking any
subsequent phase.

“Phasing in this manner
would ensure a healthier,
more stable tourism mar-
ket and would protect the
existing resorts and the
Bahamian jobs within
those resorts,” Mr Kerzner
added.

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


PAGE 12, THURSDAY, NOVEMBER 18, 2010

THE TRIBUNE



LOCAL NEWS



Row in House over
land for Baha Mar

FROM page one

wholesale pillage and plun-
der of public assets. This
egregious land give away is
one of the greatest raids on
the material wealth of the
Bahamian collective since the
post-colonial era begun. It is
a moral disgrace and the
member for Farm Road and
Centreville should be
ashamed of himself!

"Tam advised, and I verily
believe, that the principals of
Baha Mar could not believe
their good fortune, that they
could stumble across nego-
tiators and national leaders
who were willing to sell off
the birthright of countless






generations of our people for
peanuts."

Several opposition mem-
bers took offence with Mr
Gibson's assertion.

Dr Bernard Nottage, the
Opposition's lead speaker in
the debate, questioned why
there were no major changes
to the portions of land being
sold to the developers by the
Ingraham administration
when it negotiated a supple-
mentary Heads of Agree-
ment for the deal shortly after
assuming office in 2007.

"I have to presume that
they changed at that time all
of the provisions in the origi-
nal Heads of Agreement with
which they were in disagree-
ment. If they didn't then they

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only have themselves to
blame,” the former health
minister argued.

He asked repeatedly why
the "useless" resolution was
brought before Parliament
when traditionally work per-
mit approvals are left for
Cabinet or Immigration
approval.

"Mr Speaker, this is a use-
less exercise. It is unprece-
dented for such an adminis-
trative matter to be brought
to the House of Assembly.
This is a matter which is nor-
mally dealt with by an Immi-
gration board or would be
dealt with by the Cabinet of
the Bahamas which is the
executive governing authori-
ty. And the prime minister
has already said that his gov-
ernment is approving the pro-
ject, that being so, why are
we going through this? Was
this just an excuse for some-
body to attack the leader of
the Opposition?"

He later claimed that
Prime Minister Hubert Ingra-
ham had given Mr Gibson
direction to berate PLP
leader Perry Christie adding
that Mr Ingraham had stolen
the former PLP member

from the Opposition.

"If we are people who are }
selling the birthright by sell- ;
ing the land, then what you }
want us to do? You send }
somebody here to berate the }

leader of the Opposition..."

This prompted Mr Gibson, }
who was absent from the }
chamber, to return to his seat }
and declare that he was }
brought to Parliament by the }
people of Kennedy "and no }
one else, and if he (Dr Not- }
tage) don't like it, he can }

lump it.”

Later, while noting that the }
Opposition supports the }
Baha Mar deal and the eco- }
nomic stimulus the construc- }
tion phase and the continued
operation of the project }
would bring to the country, }
Dr Nottage said the current }
labour resolution did not sit }
right with the Progressive }

Liberal Party.

The Opposition would like
the resolution amended to }
ensure that Bahamian labour }
participation is maximised }
and to ensure that adequate }
training and skills are trans- }
ferred to Bahamian con- }
struction workers and trades- }

men.

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IN THIS April 2006 file photo photo provided by Earthjustice, a false
killer whale is seen leaping while chasing prey in waters off Hawaii. The
federal government said Tuesday it will recommend that a small
population of dolphins living near Hawaii be placed on the endangered
species list. (AP)

Feds: Put rare Hawaii dolphin
on endangered species list

HONOLULU

THE federal government
said Tuesday it will recommend
that a small population of dol-
phins living near Hawaii be
placed on the endangered
species list, according to Asso-
ciated Press.

Only about 150 or 170 of the
dolphins, known as false killer
whales, live in waters up to 87
miles off Hawaii's coasts.

A study published by the
National Marine Fisheries Ser-
vice in August said the small
population is at high risk of suf-
fering from inbreeding.

It's also at risk of being inad-
vertently snagged by fishing
lines.

The agency plans to post its
recommendation in the Feder-
al Register on Wednesday.

Michael Jasny, a senior poli-
cy analyst for the Natural
Resources Defense Council,
which last year petitioned the
government to list the popula-
tion, said the animal needs help.

"When you have a popula-
tion that's as small as this one,
as range-limited as this one, and
on such a dangerous trajectory
as this one, action is desperate-
ly needed," Jasny said. "This is
precisely the kind of situation
that the Endangered Species
Act was designed for."

False killer whales can grow
as long as 16 feet and weigh
more than 1 ton, and are usual-
ly black or dark gray. They
don't look like killer whales,
despite their name.

The species is found in trop-
ical and temperate waters

worldwide including off Mary-
land, Japan, Australia and Scot-
land.

A few hundred live in waters
farther from Hawaii's shores,
but this pelagic population is
separate from the group that
lives closer in.

Earlier this year a federal
advisory group recommended
that longline fishermen catching
ahi, mahimahi and other fish
use a different kind of hook to
minimize the chances they will
severe injure or kill the dol-
phins when they accidentally
get snagged on their lines.

The government formed the
advisory group in response to
data showing the Hawaii-based
longline fleet is accidentally
killing or seriously injuring an
average of 7.4 false killer
whales each year.

This exceeds the 2.5 per year
that the population can lose
without hurting its ability to
sustain itself.

The group also recommend-
ed that fleet captains undergo
training on how to release any
mistakenly caught false killer
whales in a way that minimizes
the risk of harm.

The dolphins tend to get
caught by in longlines because
they eat the fish that fishermen
have snagged for human con-
sumption: yellowfin tuna,
mahimahi and ono.

The National Marine Fish-
eries Service plans to host a
public meeting on its recom-
mendation January 20 in Hon-
olulu and accept public com-
ment on the issue through Feb-
truary 15.

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PAGE 14, THURSDAY, NOVEMBER 18, 2010

THE TRIBUNE



Courts ‘can’t stipulate’ length
of life sentence before parole |

FROM page one

Constitution or any statute to specify a
particular period of a life sentence which
a prisoner must serve before becoming
eligible for release on license.

“The prison service in England, as in
the Bahamas, is run by the executive
branch of the government. If it were
otherwise, it would appear to be at least
a conflict of interest or appear to involve
bias if a judge was to be personally con-
cerned with whether persons whom he
has sentenced to prison is or is not
released long before the period for
which he was sentenced expired.

“Equally, it is not open to judges in
the Bahamas to deal with the day-to-
day administration of the prisons. The
judiciary possesses neither the trained
manpower nor facilities to manage such
an institution and its inmates.”

She further stated: “It was always the
position that the executive determines,
in accordance with the prison rules,
when a prisoner has served the retribu-
tive/punishment part of his sentence and
in doing so, they usually give credit to a
prisoner for good behaviour in addition















‘i e MINISTRY OF WORKS & TRANSPORT

to the immediate reduction of their
prison sentence by one third.”

The appeals of Bowe, Davis and
White were heard together as they
stemmed from a judgment of Senior Jus-
tice Jon Isaacs delivered in May of this
year, and raised similar questions of law
and constitutional interpretation.

White was convicted of murder on
March 25, 1993, and sentenced to death
under what was then regarded as a
mandatory sentence. He appealed his
conviction and the Court of Appeal
quashed his murder conviction, set aside
the death penalty, substituted a convic-
tion for manslaughter and imposed a
sentence of life imprisonment.

Bowe was convicted of murder on
February 25, 1998, following a third tri-
al. He was initially given the mandatory
death sentence.

Trono Davis was convicted of mur-
der on December 13, 1999, and also
received the mandatory death sentence.
His conviction appeal was dismissed by
the Court of Appeal, however subse-
quently, Davis and Bowe filed a peti-
tion with the London Privy Council
against the validity of the mandatory
death sentence. Their petition was suc-

NOTICE
CORRIDOR 13B

LOCAL NEWS

cessful and as a result, the mandatory i

death penalty for murder convictions
was deemed unconstitutional. The

appropriate sentence was left to the dis-
cretion of the trial judge. Bowe was sub- }
sequently sentenced to life imprison- }

ment.

What constitutes a life sentence
remains somewhat ambiguous.

Attorney Jerone Roberts, who rep-
resented White and Davis, had argued
that Rule 253 of the Prison Rules stated
that “the case of every prisoner serving
a term of imprisonment shall be

every year subsequent to the prisoner
having served three years of his sen-
tence, or at shorter periods if deemed
advisable.”

Mr Roberts had contended that by

vesting those powers in the Governor
General, the statutes and rules pur-
ported to invest a judicial power in the
head of the executive and was also tan-
tamount to allowing the executive
branch to exercise the sentencing power
of the court.

Dame Joan said, however, she was
unable to accept that submission for the
aforementioned reasons.

WC
Co

PRINCE CHARLES HIGHWAY
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Jose Cartellone Construcciones Civiles S.A wishes to advise the motoring public that road
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November 15", 2010,

Road construction works will be ongoing to facilitate the installation of new twenty-four inches
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While the works are ongoing in the centre of the road, access will be provided for motorist
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Motonsts are advised to dnve with caution as they approach the work zone. Kindly obey the

flagmen and observe the signage outlining the work area.

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

We sincerely apologize for any inconvenience that may be caused by the partial road
closure and look forward to full the co-operation of the motoring public throughout this

project.

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Rahamas
International

_ ot.
at

Lb a -

Film Festival isa

rr isle ae ed



Master classes to give
atlvice to aspiring actors,

By MEGAN REYNOLDS
Tribune Staff Reporter
mreynolds@tribunemedia.net

ASPIRING actors, directors
and screenwriters can hone their
skills and take industry advice
from the experts in a unique set
of master classes led by indus-
try professionals.

The Bahamas International
Film Festival (BIFF) has invited
award-winning actor and former
head of the Screen Actor's Guild
LA Casting Committee Ray-
mond Forchion to guide bud-
ding actors in a three-hour mas-
ter class at the College of the
Bahamas; while writer, director
and talk-show host Wil Shriner
will advise screen writing and
directing hopefuls in key aspects
of their craft in a second master
class the following day.

Both industry professionals
will also lead workshops in the
Filmmakers Residency Pro-
gramme during BIFF’s seventh
annual film festival from Decem-
ber 1-5.

BIFF founder and director
Leslie Vanderpool said: “This is
an amazing opportunity for peo-
ple to take advantage of.

“There is such a call out there
for actors who want to get on
stage and do film, but there are
not trained professionals around
to guide them.

“This is the best opportunity
they can take to get some train-
ing, when these industry profes-
sionals come in.”

Ms Vanderpool said Mr
Shriner has hosted hundreds of
hours of television during his
career, including his own Emmy-
nominated talk show, “The Will
Shriner Show’.

He is also a successful stand-
up comedian who continues to
perform at venues across the
United States and his comedy
writing procured Mr Shriner the
Humanitas Award for an
episode of NBC’s ‘Frasier’.

He has also written episodes
for several popular sitcoms

- directors and screenwriters

reviewed by the Governor General }

including the Emmy-winning
‘Everybody Loves Raymond’,
CBS’s ‘Becker’ and ABC’s ‘My
Wife and Kids’.

Acting class leader Mr For-
chion has co-starred in televi-
sion shows such as ‘Will and
Grace’, ‘In the Heat of the
Night’, ‘Numbers’ and ‘Star
Trek: The Next Generation’.

And in addition to his perfor-
mances, Ms Vanderpool said he
is also an exceptional teacher
whom she has had the benefit
of working with on several occa-
sions.

“Ray will give you personal
strategies and key information
for pursuing your acting career
with the straightforward honest
approach that has made him one
of the most respected acting
coaches and career consultants in
the business,” she said.

“This seminar, from an actor
who has been in the trenches
with over 40 years experience in
over 50 productions and nearly
100 union commercials, may turn
your life around,” she said.

By participating in the mas-
ter class, Ms Vanderpool hopes
local actors will be inspired as
many of his previous students
have been.

Former student Craig Frank,
an actor who has starred in ‘The
Young and the Restless’ and
‘Weeds’, said: “He takes me
places that I would never decide
to venture, which means I
explore.”

While Mercedes Renard of
‘Hitch’, ‘Law and Order’ and
‘House’, said: “It’s giving me the
reassurance I need at the
moment. Each time I have done
a seminar, I come out of them
refueled and ready to fight.”

The master class on acting will
be held on Monday, November
29 from 5.30pm to 8.30pm at the
College of the Bahamas (COB)
Performing Arts Centre. The
master class on screen writing
and directing will be held at the
same time and place on Tues-
day, November 30.

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The successful candidate should possess the following

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¢ Previous experience in portfolio and liability
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Key Skills:

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Relationship Building
Impact & Influence

Responsibilities include:

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* Providing customized solutions and financial advice

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valuable information on the intricacies of having a

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Please apply before November 19, 2010 to:

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Bahamas Regional Office

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PO. Box N-7549, Nassau, N.P, Bahamas

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


THE TRIBUNE THURSDAY, NOVEMBER 18, 2010, PAGE 19
LOCAL NEWS

Unique luxury
ship ‘The World’
docks in Nassau

JOHN Christie, director and
vice-president of HG Christie Ltd,
recently hosted a cocktail party
and tour onboard 'The World'
while it was docked in Nassau.

'The World’ is an opulent ship
offering the opportunity to travel
the globe.

While luxurious ships abound,
this vessel is unique in its provi-
sion of ownership into an exclu-
sive community where persons
purchase their private apart-
ments.

The residents, from about 40
different countries, live onboard
as the ship circumnavigates the
globe. Some live on the ship per-
manently while others visit their
apartments at different times
throughout the year.

For those who can afford it,
The World offers apartments that
are fitted with all the accou-
trements found in quality home
design and a never ending itiner-
ary that carries people to the far-
reaching corners of the Earth.

Speaking about his experience
aboard The World, Mr Christie
said the ship was “like having
access to the world aboard your
own luxurious yacht.”

H G Christie’s staff photogra-























































pher Patrick Robinson summed
up his first impression in one
word, “wow!”

“This is truly luxurious living
in every sense of the word,” he
said.

One of the cocktail party atten-
dees said of their experience of
the services offered: “A chef will
come to your room if you don't
want to go to any of the restau-
rants.”

There was also a feeling of awe
at the level of concierge services
offered.

“They will set up a place for
you to sleep on deck if it's what
you want. Consider it camping 4
la The World style,” said one par-
ty-goer.

€
.
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PAGE 20, THURSDAY, NOVEMBER 18, 2010

THE TRIBUNE



LOCAL NEWS



BAIC targets
North Andros
satellite farms

By GLADSTONE
THURSTON

BAHAMAS Agricultural
and Industrial Corporation
(BAIC) has moved to revitalise
the former BARC satellite
farms in North Andros.

“In line with government’s
policy on food security, we are
doing whatever we can to assist
them to take advantage of the
many opportunities in food pro-
duction,” said BAIC executive
chairman Edison Key.

Accompanied by a high level
BAIC team on Tuesday, he
inspected work on the North
Andros greenhouse operation,
met with BARC farmers and
reviewed the first set of winter
tomatoes set to reach the mar-
ket within two weeks.

The 1,100-acre BARC
(Bahamas Agriculture
Research Centre) project
evolved out of a $10 million
USAID Independence gift to



PANDORA“

the Bahamas.

The land was prepared and
Bahamian farmers trained and
assigned farms ranging from 40
to 80 acres.

Portions of the original farms
have since been reduced to 10
and 20-acre plots.

The success of tourism has
lured many Bahamians to New
Providence over the last
decades, resulting in a decline
in agricultural pursuits.

But, as the original farmers
retired or moved on, in some
instances their children contin-
ued to work the land.

Livestock breeders there
have been given access to Boer
goat and dorper sheep breed
and nearly 50 acres of mulatto
grass are being planted to
accommodate them.

“That area can produce tens
of thousands of sheep and
goats,” said Mr Key, a former
large-scale farmer.

“Hopefully that industry will

develop there and help supply
the mutton needs of the coun-
try.”

BAIC extension officer
Ayert Lightbourne said the
spotlight was on farmers who
were already into production.

“We want to get them to the
next level,” he said. “We don’t
want to waste the government’s
money by forcing people into
things they do not want to do.

“So we are looking for peo-
ple who have already started
something and we help them
to achieve their objective and
the nation’s at the same time.”

The BARC second-genera-
tion farmers are ideal candi-
dates, he said.

Through a Ministry of Agri-
culture/BAIC initiative, more
farm equipment are available
at a less expensive price; sup-
plies are easier to get boosted
by a $20,000 BAIC grant to
the co-op farm store; and the
provision of additional exten-

\Md

Gladstone Thurston/BIS



TOMATOES: THE BAIC team admires naan tomato plants, the nfodet of the new drip irrigation and fer-
tigation systems employed by North Andros farmer Caleb Evans.

sion services, he said.

“There has been an improve-
ment in the technology with
more farmers utilising drip irri-
gation and fertigation systems,
and that has resulted in

“We are making good
progress. We plan to bring over
the buyers soon so they can see
first hand what the farmers are
producing.

“We want to lock them in so

duce directly to the wholesalers
and supermarket operators.
“The government is very sup-
portive and hopefully in due
time Bahamians will see that

we are on the right track this
increased production,” said Mr time,” said Mr Key.
Lightbourne.

One of two greenhouses at
the proposed North Andros
agro industrial park has started
production with cabbages,
tomatoes, sweet peppers,
spinach and Asian greens.

The other greenhouse is slat-
ed for fruit tree propagation for
distribution throughout the
island, said Mr Key, “so we can
really get production going in
this country and cut down on
some of the imports.”

the farmers can sell their pro-



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‘HAS PATIENT
LOST 100
MUCH BLOOD?’

* City Markets deal
closed Friday with
all relevant govt
approvals, but rival
- while praising
purchasers -
questions whether
supermarket chain
can still be saved

By NEIL HARTNELL
Tribune Business
Editor

THE acquisition of a 78
per cent majority stake in
struggling City Markets was
completed by businessman
Mark Finlayson and his
family on Friday, sources
familiar with the situation
told Tribune Business yes-
terday, as one rival - while
praising the new owners for
rescuing some 700 jobs -
questioned whether “the

SEE page 14B

‘MORE ENFORCEMENT’
NEEDED 10 STOP MLAT
FISHING EXPEDITIONS

Top accountant suggests
numerous insolvency/
winding-up reforms

By ALISON LOWE
Business Reporter
alowe@tribunemedia.net

A TOP liquidator yester-
day called for more enforce-
ment of the law surrounding
the ability of foreign gov-
ernments to use Mutual
Legal Assistance Treaties
(MLATs) with the Bahamas
to gain access to what would
otherwise be “confidential”
information on Bahamas-
based companies.

Maria Ferere, president
and director of FT Consul-
tants, and a former partner
at Ernst and Young, said
there should be “greater
enforcement” by the Gov-
ernment, as too often for-
eign governments were using
MLATs to undertake “fish-

SEE page 10B























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



THE TRIBUNE

isiness

THURSDAY,

By NEIL HARTNELL
Tribune Business Editor

THE Bahamas’ $906.5 million worth
of foreign currency reserves currently
exceed the International Monetary
Fund’s (IMF) import cover bench-
mark levels, the Central Bank gover-
nor telling Tribune Business yester-
day that pre-recession capital levels
“in excess of 20 per cent of risk-
weighted assets” had enabled the
Bahamian banking sector to “perform
credibly” during the recession.

Economic rebound THE BAHAMAS FIRST 2010
is ‘five years away’ |

* Estimated 20-30%
consumer demand slump
makes it ‘extremely
difficult’ for Bahamian
firms, generating 12-15%
net returns in good times,
to remain profitable

* Current recession
‘infinitely worse’ than
post-9/11 fallout, says
Chamber chief, with
many businesses ‘on the
brink and hanging on’

* Reiterates call for
‘catalyst’, agreeing that
$188m private sector
bad loans will act as
recovery drag

By NEIL HARTNELL
Tribune Business Editor

THE consumer demand
slump has made it “extreme-
ly difficult” for most
Bahamian companies, whose
net returns on investment
average 12-15 per cent per
annum, to remain profitable,
the Chamber of Commerce’s
president warning yesterday
that this nation might be
“five years away from begin-
ning to see meaningful eco-
nomic recovery”.

Describing this recession
as “infinitely worse” that the
post-September 11, 2001,
‘short, sharp shock’ to the
Bahamian economy, Khaalis
Rolle told Tribune Business
that using the 36-48 months
that it took this nation to
completely recover from
those events as a benchmark,
it seemed that the rebound
from current events might
take up to five years.

Acknowledging that the
$188 million in outstanding
non-performing loans by
Bahamian commercial banks
to the private sector showed
the business community was
going through “extremely
difficult times”, Mr Rolle
said: “If you look at the
structure of a typical com-
pany, their profit and loss
statements, most companies
are doing an average return
of 12-15 per cent in good
times.”

Linking this to the esti-
mated 20-30 per cent fall-off
in Bahamian consumer
demand, he added: “From a

SEE page 8B

NOVEMBER 18,



















’ BOB

Christmas

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/$906.5m reserves heat IMF's target

* Some 3.5 months of import cover exceed IMF’s three-month
benchmark, Central Bank governor says

* Praises commercial banking industry for ‘performing credibly’ in
crisis, aided by capital levels ‘in excess of 20% of risk weighted
assets’ pre-recession

* Excess liquidity at $431.5m, with seasonal drawdown on this and
reserves expected to be less than in previous years

* Return to ‘more normal lending patterns’ when economy and
employment improves

ence to the receipt of the likes of the
Fund’s Special Drawing Rights
(SDRs) - rather than improved
tourism and foreign direct investment
(FDI) inflows.

And she acknowledged that while
the seasonal drawdown on foreign
exchange reserves, as retailers and
businesses build-up stock for Christ-
mas, would lower their level from
$906.5 million, reduced credit and con-

SEE page 9B



WENDY CRAIGG

months worth of imports, a level
ahead of the IMF’s three-month
benchmark, had been boosted by
“one-off” inflows - a seeming refer-

_ INSOLVENCY REFORMS CALLED FOR

* Leading accountant urges more
‘avenues’ to rebound built into law, as
‘corporate recovery paths’ not used
often in Bahamas

* Says rise in Bahamas-based company
liquidations likely in near future,

and says current economy perfect
environment for reforms

By ALISON LOWE
Business Reporter
alowe@tribunemedia.net

Responding to a detailed series of
questions e-mailed to her by Tribune
Business, Mrs Craigg said the external
reserves, while equivalent to 3.5

FINANCIALS TO HIT OR
_ “EXCEED’ BUDGET FORECASTS

* Bahamian group’s key general insurance subsidiary
? removed from ‘review with negative implications’ by
: A.M. Best, and has key ratings affirmed
: * ‘Significant losses’ on Cayman health portfolio will not
be ‘big drag’ on 2010 performance, CEO says, with
‘corrective actions’ already taken
* Adds that health business not for sale ‘in near term’
* Rating action shows insurer ‘on firm footing’

By NEIL HARTNELL

Tribune Business Editor . .
ARGUING that present economic condi-

tions represent an ideal time for the Gov-
ernment to introduce new legal “avenues”
that may guide troubled companies towards
recovery rather than “forcing them to close

SEE page 7B

BAHAMAS FIRST HOLDINGS yes-
terday said its 2010 year-end financial results
were likely to hit or “exceed” internal Bud-
get forecasts for both revenues and prof-

SEE page 7B

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THE TRIBUNE

THURSDAY, NOVEMBER 18, 2010, PAGE 3B



Make logo a ‘go go’
for your branding

By DEIDRE M. BASTIAN

HOW important is a
logo? Much has been said
about a company's need
for a distinct identity to
survive in an overcrowded
market place. Logos,
which are a pictorial recog-
nition of a company's
name, values or services,
were created in 1967 for
educational use. They sub-
sequently evolved into a
fundamental or root of the
brand.

David Aaker, in his
book Building Strong
Brands, emphasises that
“familiarity of a Brand
elicits clients to indulge”.
Nonetheless, one of the
most important decisions
a business owner can make
is choosing the logo design.
So ask yourself: How
would a logo benefit my
company? In other words,
would a logo amplify or
enhance my overall pur-
pose? Does it really make
sense to have a logo? lam
convinced that one of
these questions has
popped into your head.
You might feel that a logo
might not make sense if
you ran a small accounting
company from your home,
but what's the best way to
decide?

Let’s start by stating
that, when you are in an
industry with similar prod-
ucts or services, a “unique
factor” is what every busi-
ness should strive for, since
this is what really sets you
apart. For example, travel
agencies often use globes
in their logos, so aim to use
something else. Customers
need to know you are
unique, and your logo
should say just that. How
do you feel showing up at
a business meeting, and
your competitor has on the
exact Sane suit or dress as
you? Not a good feeling, I
imagine. Without a logo, it
will be difficult for anyone
to identify your company
among the multitude of
computer, t-shirt, shoe,
beauty and food compa-
nies on the market.

An old adage states: “A
picture is worth a thousand
words”. If you know how
the human mind works,
memory can be triggered

THE ART OF

GRAPHIX

DEIDRE M.BASTIAN




by the slightest hint of see-
ing the same logo again
and again. Experts suggest
that people tend to
remember images more
than text.

Imagine if McDonald's
did not have the ‘golden
arches', or Nike's ubiqui-
tous 'swoosh' never exist-
ed? Would their brands be
as strong today if that
image wasn't imprinted on
the minds of most con-
sumers? Maybe not.

A logo design can occa-
sionally represent the his-
tory and popular culture
of that time. At some
point, you may have seen
logos that are more thana
century old, which repre-
sents history and contribu-
tions to the economy.

Whether your logo is
seen on television, in the
pages of a magazine or a
newspaper, you want your
logo to scream: “Look at
me, we gat what you
need!” You want an auda-
cious logo that explodes
and captivates your cus-
tomers, so try not to make
it too complex, because it
will not lend itself to mul-
tiple uses and can poten-
tially fail to deliver your
message clearly.

Logos need to function
smartly in many different
mediums, from the Inter-
net to print advertising sce-
narios, envelopes to memo
pads. To encourage repeat
business as well as refer-
rals, don’t forget to put
your logo on all your
online materials.

Bear in mind that all
logos can be shrunk to fit
certain items, such as a
business card, or blown up
larger like a billboard, if it
is converted and format-
ted properly. A tag can

NOTICE

This is a presumptive notice to all
would be investors.

Please ensure proper title verification
on all commercial & residential
properties, on Burnt Ground, Long
Island, otherwise you run the risk of
losing your investment.

| THE COLLEGE OF THE BAHAMAS

Faculty Vacancies
Northern Bahamas Campus

Visit our website at www.cob. edu. bs

Applications are invited from suitably qualified persons
for the following positions at The College of The
Bahamas Northern Bahamas Campus in Grand

Bahama:-

Assistant Professor, Accounting
Assistant Professor, Management & Marketing
Assistant Professor, Computer Information Systems

Assistant Professor, Biology

Assistant Professor, Early Childhood Education
Assistant Professor, Literature and Composition

Librarian IT

For detailed job

descriptions,

please visit

www.cob.edu.bs/hrapply. Interested candidates should
submit a detailed resume and cover letter of interest no
later than Tuesday, November 30th, 2010. A completed
application package, cover letter of interest and resume
should be forwarded to: Associate Vice President,
Human Resources Department, The College of The

Bahamas, Oakes Field Campus,

PO. Box N-4912,

Nassau, Bahamas OR hrapply@cob.edu.bs,

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

also be included in your
company’s logo, which is
simply a small list of ser-
vices or products your
company provides.

Getting started

Before you begin sketch-
ing, first articulate the
message you want your
logo to convey. Try writ-
ing a one-sentence image
and mission statement to
help focus your efforts.
Stay true to this statement
while creating, and don’t
proclaim services that are
not offered.

Most importantly, deter-
mine before designing who
you are; your business's
mission, vision and pur-
pose; what you do; prod-
ucts and services that you
deliver; who you can best
help; and your target audi-
ence. Remember, your
logo has to connect with
your clients, so ensure you
are designing for them and
not for yourself. Here are
some extra tactics and con-
siderations that may aid
you when creating an
appropriate company logo.

Make it clean and func-
tional

Your logo should work
just as nicely on a business
card as on the side of a
truck. It should be scal-
able, easy to reproduce,
memorable and distinctive.
Icons usually work better
than photographs, which
may be indecipherable if
enlarged or reduced sig-
nificantly. Be sure to cre-
ate a logo that can be
reproduced in black and
white, so that it can be
faxed, photocopied or used

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St. Albans Drive « Tel (242) 325-4824 or (242) 325 1325 * (242) 325 1408

Multinational Company is looking for Talented Candidates
who seek Exceptional Career Development

TRAINEE PROGRAM

Responsible for the execution of special projects or assignments in different Business areas in order
to obtain Training and exposure to our company's processes and values for a period of 12 months,
having the possibility at the end of the program of becoming part of the organization

Role Statement

Possible Responsibilities

* Monitor and perform business data analysis

* Short term assignments in Operations Staff Functions Sales or Convenience Retail
* Develop projects, business plans and strategies

* Assist with logistics and implementation of project programs

Necessary Skills:

* Bachelor degree in Business Administration, Engineering, Marketing or Related Fields
* 3-4 years of experience in areas of study

* Great interpersonal effectiveness and communication skills

* Strong decision making, problem solving, computer and analytical skills

* Has commitment to high standards

* Has drive, perseverance and initiative

If you are interested in participating in this program, please send your resume by email to:



recruitmentbahamas@yahoo.com
PAGE 4B, THURSDAY, NOVEMBER 18, 2010 THE TRIBUNE



Higgs & Johnson

officer passes exam

A RISK officer at Higgs & Johnson,
Sharon Albury, has passed the Canadian
Securities Course (CSC) exam after
studying at the Nassau-based Securities
Training Institute (STI). Michael Miller,
STI’s president and founder, said:






“Attending the STI workshop allows stu-
dents to gain a comprehensive under-
standing of the core subject matter, and
acquire the knowledge needed to write
the CSC exam with greater confidence.”
Ms Albury is pictured.

Receive a FREE

To get yours, buy 6 tin's of
Campbell's Condensed Soup any
flavour. Circle Campbell's
Condensed Soup items on store
receipt dated October 4 or later.
Bring receipt to The d'Albenas

Agency Ltd. in Palmdale. i

Sires

Offer good while

supplies last

Cheam at

Mushroot,

Lsoury

| Tomato, |
eur! | fie

SOUP.

Distributed in the Bahamas by

#8 The dAlbenas Agency Ltd.

Palmdale, 677-1441



Make logo a ‘go go’
for your branding

FROM page 3B

in a black-and-white ad as
effectively as in colour.

Your business name will
affect your logo design

For example, for a com-
pany called ‘Lightning Bolt
Printing’, the logo might
feature some creative
implementation of.......
you guessed it, a lightning
bolt, or even could be
manipulated to suggest
speed and assurance. Be
relevant and creative.

Don't use clip art

However tempting it
may be, clip art can be
copied too easily. Not only
will original art make a
more impressive statement
about your company, but
it will set your business
apart from others.

Avoid trendy looks

One option is to make
gradual logo changes and
choose one that will stay
current for 10 to 20 years,
or longer. Quaker Oats
modified the Quaker man
on its package over a 10-
year period to avoid
undermining customer
confidence. That’s the
mark of a good design,
don’t you think?

Watch Your Colours

Be careful as you
explore color options.
Your five-colour logo may
be gorgeous, but when
producing it on stationery
the price won't be so
attractive. Nor will it work
in mediums that only allow
one or two colours. Try





ROYAL FIDELITY

Minbery at Work

Ke

FG

CAPITAL MARKETS
BROKERAGE & ADVISORY SERVICES

Pa 2




BISX LISTED & TRADED SECURITIES AS OF:

cite. ca Mw TA TT.




TUESDAY, 16 NOVEMBER 2010

BISX ALL SHARE INDEX: CLOSE 1,490.45 | CHG 0.17 | %CHG 0.01 | YTD -74.93 | YTD % -4.79
FINDEX: CLOSE 000.00 | YTD 00.00% | 2009 -12.31%



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










52wk-Low Security
AML Foods Limited
Bahamas Property Fund
Bank of Bahamas
Benchmark

Bahamas Waste

Fidelity Bank

Cable Bahamas

Colina Holdings
Commonwealth Bank ($1)
Consolidated Water BDRs
Doctor's Hospital
Famguard

Finco

FirstCaribbean Bank
Focol (8S)

Focol Class B Preference
ICD Utilities

J. S. Johnson

Premier Real Estate

Previous Close Today's Close

1.01
10.63
4.90
0.18
2.84
2.17
10.46
2.40
6.55
1.83
1.60
6.07
7.26
9.74
5.46
1.00
5.59
9.90
10.00

Change Daily Vol.
1.01

10.63
4.90
0.18
2.70
2.17

10.46 0.00
2.40 0.00
6.56 0.01
1.80 -0.03
1.60 0.00
6.07 0.00
7.26 0.00
9.74 0.00
5.46 0.00
1.00 0.00
5.59 0.00
9.90 0.00

10.00 0.00

EPS $

Div $ P/E
0.150 i. 6.7
817.7
0.598 8.2
-0.877 N/M
0.168 16.1
0.016 135.6
1.050 10.0
0.781 3.1
0.422 15.5
0.111 16.2
0.199 8.0
-0.003 N/M
0.287 25.3
0.645 15.1
0.366 14.9
0.000 N/M
0.012 465.8
0.971 10.2
0.991 10.1

0.013

not to exceed three colours
unless you decide it's
absolutely necessary.

Hire a Designer

A professional design
firm may charge anywhere
from $4,000 to $15,000 for
a logo design. Shop
around, as there are a lot
of [freelance] designers
with rates ranging from
$15 to $150 per hour,
based on their experience.
Don't hire someone just
because of a bargain price
or because it’s your moth-
er-in-law’s uncle. Remem-
ber that a good logo
should last at least 10
years, so if you look at the
amortisation of that cost
over a 10-year period, it
won't seem so bad.

Graphic designers
should recognise whether
or not a logo design will
transfer easily into print or
on to a sign. So ensure
your beautiful design can
be transferred and will not
cost too much to be print-
ed. Your logo is the foun-
dation of all your promo-
tional materials, so this is
one area where spending
a little more now can real-
ly pay off later.

Ensure that you receive
your logo graphic from
your designer in its original
created format, especially
now that it belongs to you.
Pay attention to this. This
will enable you to send
your files to other agencies
if needed, such as other
designers, printers or
another service, in the
future.

Protecting Your Logo

Once you've produced a
logo, ensure it is trade-
marked to protect it from
use by other companies.

Creating a logo sounds
easy, doesn't it? Well, it
can be. Just remember to
keep your customers and
the nature of your business
in mind when you design
and put it all together. In
time, you will have suc-
ceeded in building equity
in your trademark, which
will become a positive and
recognisable symbol of
your product or service.

Remember that a logo
can be considered an
investment that will be one
affair reaping revenue
from a lifelong love. So get
cracking and reap a life-
long love for your busi-
ness. Until we meet again,
play a little, have fun and
stay on top of your game.

NB: The author encour-
ages feedback at:
deedee2111@hotmail.com

READERS FEEDBACK
From: Anthony Longley

Hi Dee:

I've been reading your
articles from time to time
and just wanted to say how
proud I am of you. You
are a great writer with a
truly ‘reader friendly’ style.

I enjoyed this week's
piece on Newsletters. I
found it very informative.
There is just one thing I
would have liked to see
you mention. Under Pho-
tos/Illustrations or Cap-
tions, you could have spo-
ken to the importance of
giving credit to the author
of any quotes, and the
artist or photographer
where illustrations/pho-
tographs are concerned.
This is just my observation
as a photographer who
regularly contributes to
newspapers and newslet-
ters.

By the way...I love the
glamour photo. You're still
looking like the beautiful
PWHS alumni graduate.
Keep it up!

Best Regards
Tony

From: Deidre M.Bastian

Hi Tony. It’s a joy hear-
ing from a very ambitious
an astute class mate. It is
also a pleasure that you
have expressed interest in
The Tribune’s Business
section, particularly the
column of ‘The Art of
Graphix’. Thanks for the
helpful tip, duly noted.
Keep on reading!

Deidre M. Bastian
The Art of Graphix

BISX LISTED DEBT SECURITIES - (Bonds trade on a Percentage Pricing basis)
Security Symbol Last Sale Change Daily Vol. Interest
Bahamas Note 6.95 (2029) BAH29 99.46 0.00 6.95%
Fidelity Bank Note 17 (Series A) + FBB17 100.00 0.00 T%
Fidelity Bank Note 22 (Series B) + FBB22 100.00 0.00 Prime + 1.75%
Fidelity Bank Note 13 (Series C) + FBB13 100.00 0.00 T%
Fidelity Bank Note 15 (Series D) + FBB15 100.00 0.00 Prime + 1.75%
RoyalFidelity Merchant Bank & Trust Ltd. (Over-The-Counter Securities)
Symbol Bid $ Ask $ Last Price Daily Vol.
Bahamas Supermarkets 5.01 6.01 14.00
RND Holdings 0.35 0.40 0.55
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%
1.5122 5.11%
2.9187 1.10%
1.5655 3.87%
2.8624 -8.16%
13.5642 1.47%
114.3684 9.98%
106.5528 4.75%
1.1318 3.85%
1.0969 2.71%
1.1320 3.78%

NOTICE

Pursuant to the provisions of Section 137 (4) (a), (b)
and (c) of the International Business Companies Act,
2000, notice is hereby given that: -

Maturity
20 November 2029
19 October 2017
19 October 2022
30 May 2013
29 May 2015

EPS $
-2.945
0.001

Div $
0.000
0.000

ABDAB
RND Holdings

4.540
0.002

0.000
0.000 261.90 0.00%]
NAV 3MTH
1.490421
2.919946
1.545071

NAV 6MTH
1.467397
2.911577
1.530224

Fund Name

CFAL Bond Fund
CFAL MSI Preferred Fund

1.4954 CFAL Money Market Fund

2.8522 Royal Fidelity Bahamas G & I Fund
13.0484 Royal Fidelity Prime Income Fund
101.6693 CFAL Global Bond Fund

99.4177 CFAL Global Equity Fund

1.0000 FG Financial Preferred Income Fund

1.0000 FG Financial Growth Fund

1.0000 FG Financial Diversified Fund

9.1005 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

NAV Date
31-Oct-10
30-Sep-10
12-Nov-10
31-Aug-10
30-Sep-10
30-Jun-10
30-Sep-10
30-Sep-10
30-Sep-10
30-Sep-10

Last 12 Months %
6.78%
3.13%
4.48%
-7.4A8%
2.95%
12.49%
7.18%
5.22%
644%
5.71%

(a) LADY KILLER INC. is in dissolution;

1.4076
2.8300

(b) The date of commencement of the dissolution
is the 5th day of November, A.D., 2010 and

109.392860
100.779540

107.570619
105.776543

9.7458 4.35% 5.22% 31-Oct-10

(c) the Liquidator is C.B. Strategy Ltd., of 308
East Bay St.

10.0000
10.6000 -1.58% 4.26% 31-Oct-10
9.1708
9.5037 -4.96%
8.1643 5.78%
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 earnings 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

-4.96%
9.42%

31-Oct-10
4.8105 31-Oct-10
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

C.B. Strategy Ltd.
LIQUIDATOR

P/E - Closing price divided by the last 12 month eamings
KS) - 4-for-1 Stock Split - Effective Date 8/8/2007
($1) - 3-for-1 Stock Split - Effective Date 7/11/2007

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

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


THE TRIBUNE

THURSDAY, NOVEMBER 18, 2010, PAGE 5B





Worker training plan is ‘judged’ a success

BAHAMIANS have for the
first time acted as judges in a key
Florida landscape technician cer-
tification examination, a devel-
opment that a leading business-
man believes shows the value of
educating and empowering this
nation’s workforce.

In an e-mail sent to Tribune
Business, Robert Myers,
Caribbean Landscape’s presi-
dent, said that more than 20 of
the company’s staff had attained
certifications in horticulture,
landscape installation and land-
scape maintenance since the
Bahamas Landscape Association
introduced the Florida Nursery
Grower & Landscape Associa-
tion (FNGLA) certifications in
2008.

Caribbean Landscape person-
nel have also obtained seven
judge certifications and, this
month, this allowed three of
them for the first time to judge
Bahamian and US candidates
taking the FNGLA certified
landscape technician exam in
Florida.

Mr Myers told Tribune Busi-
ness: “In the company’s compul-
sory pursuit of educating and
empowering its workforce, we
have certified all of our man-
agers, foremen and many of our
lead men. In addition, we have

also encouraged those with the
skills to complete the FNGLA
trainers programs and then go
on to obtain their judge status.
This month marks the comple-
tion of our first seven judges.
“We have seen the power of
education and training for our
employees pay off through the
quality of their work and the
pride in which it is performed.
There is no doubt in my mind
that an educated workforce is far
more driven and productive than

Legal Notice
NOTICE

NOTICE IS HEREBY GIVEN as follows:

(a) EUROPEO OVERSEAS SA is in dissolution under the provi-
sions of the International Business Companies Act 2000.

NEW JUDGES: From L to R: Jeff Mitchell, Alvarado Write and Adam Issac

what exists in our country today.
Career training with industry cer-
tification is our only hope for a
productive workforce.”

The Bahamas Landscape
Association (BLA) was found-
ed by Mr Myers and Conray
Rolle of Kerzner International,
both serving as co-chairmen.

“Quality and high standards
is what will drive our industry
forward, and the fact that we
have turned out the first future
trainers and judges in the



Bahamas with no help from the
Ministry of Education or Gov-
ernment is a testament to the
strength of our commitment and
that of the industry,” Mr Myers
said.

“Our goal as an Association
is to be able to field these certi-
fication programs here in the
Bahamas in 2011, with our own
people as the trainers and judges.
This will allow all local landscape
companies, hotels and property
owners to become members of

Legal Notice
NOTICE

NOTICE IS HEREBY GIVEN as follows:

(a) UNITED AMTRADE LTD. is in dissolution under the provisions
of the International Business Companies Act 2000.

the BLA and to sign up their
employees for certification pro-
grams.

“With the financial commit-
ment from the likes of Caribbean
Landscape and Kerzner Inter-
national, we have achieved a

great deal by sending our
employees to the United States
and allowing them to earn these
most important certifications.
Now they will be able to teach
their knowledge to our fellow
Bahamians.”



[EMPLOYMENT
I OPPORTUNITY

a Restaurant managers needed for leading fast
food franchise

Requirements:

¢ Must have at least two (2) years of
restaurant management or food &
beverage management experience

¢ Must have strong leadership skills

¢ Must be customer service driven

¢ Must be results-oriented & articulate

¢ Must have excellent inter-personal skills

¢ Must have excellent oral & written
communication skills

(b) The Dissolution of said Company commenced on
November 17 , 2010 when its Articles of Dissolution were submitted
and registered by the Registrar General.

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

(d) All persons having Claims against the above-named Company are
required on or before the 14th day of January, 2011 to send their names
and addresses and particulars of their debts or claims to the Liquida-
tor of the company or, in default thereof, they may be excluded from
the benefit of any distribution made before such debts are proved.

November 18, 2010

ZAKRIT SERVICES LTD.
LIQUIDATOR OF THE ABOVE-NAMED COMPANY

(b) The Dissolution of said Company commenced on

November 17, 2010 when its Articles of Dissolution were submitted
and registered by the Registrar General.

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

(d) All persons having Claims against the above-named Company are
required on or before the 14th day of January, 2011 to send their names
and addresses and particulars of their debts or claims to the Liquida-
tor of the company or, in default thereof, they may be excluded from
the benefit of any distribution made before such debts are proved.

November 18, 2010

ZAKRIT SERVICES LTD.
LIQUIDATOR OF THE ABOVE-NAMED COMPANY



Mcdonald’s offers excellent benefits! ul

Please submit resume to:
Human Resources Department
Medonald’s Head Office on Market St.
North a
P. O. Box SS-5925
Telephone: 325-4444
Nassau, Bahamas ii

“Surviving”

ANDRE}p,

<
>*scHOOL *



Flr Lavtiermcatioviat ‘Lofwl! a” Fis Wier rire
POLrSTET Faia



= r

A student group wit

a

h their raft - race ready.



their team performed in the raft race!

Middle School at St Andrew’s

The Survival unit is an important component of the
academic program and develops essential teamwork
and critical thinking skills. In Science, Social Studies,
Math and English lessons, students work on buoyancy,
mapping skills, calculating area, creative writing and
reflective journals. Two highlights of the unit include
a day out, ‘surviving’ on Rose Island and a raft race in
the St Andrew’s pool.

as



By: Rachael Williams, St Andrew’s School Middle School

At the beginning of each school year, all year 7
students work in teams to complete a variety of
learning activities and team challenges relating to
“Survival”. They read a novel about survival, The Cay



Curriculum Coordinator

~ the transition from primary to middle
school can be a challenge for adolescents. “Young
people undergo more rapid and profound personal
changes between the ages of 10 and 15 than at any other
time in their lives (NMSA, 2003, p 3).” In order to meet
the unique physical, intellectual, emotional and social
developmental needs of middle school students, St
Andrew’s school engages them in an interdiscrplinary
unit that is challenging and exploratory. The Survival
unit is eagerly anticipated by year 7 students and for
those students who have been ‘survivors’, the memories
are lasting. Graduating year 12s can still tell you the
name of their survival team and more importantly, how



f 2 "seeetgeich r
he aol a
A student group building their raft.

by Theodore Taylor or Hatchet by Gary Paulsen, and




explore various aspects of survival in other lessons.

Amelia and Sophia weaving palm fronds on Rose Island.



7:







a Te Fi “She
On Rose Island, Xavier, Oliver, Nicholas, Janae and Katrina
working on a solar still to get drinkable water.

Every year, an incredible team of year 7 teachers
works diligently to plan and implement this unit. The
enthusiasm of the teachers, Mary Knowles, Keith
Fadely and Tiffany Saunders, is an integral force in the
continuing success of the Survival unit.

Reference: National Middle School Association. (2003). This we
believe: Successful schools for young adolescents. Westerville,
OH: Author.

Reflections from past ‘survivors’:

“My ream and 1 accomplished so many Lhings
choy 1 thovgh+ L could never aceompl?sh.”
Craoren)

“No matter how many challenges Lhere are,

mH dhe end, everyone wins.” CSoomys)

“L learned thot surviving wtth simple
things Ten’y cosy. L quesefoned why Brian,
a charoever fn dhe novel Harecher,
overreceding +o dhe work, bor now L eel
lis patn.” ( esiny)

WGS

TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM
PAGE 6B, THURSDAY, NOVEMBER 18, 2010

THE TRIBUNE



COMONWEALTH
BANK has announced it
will pay an extraordinary

dend will be paid on
November 30 to sharehold-
ers of record as of Novem-

$0.03 per share dividendto _ ber 18, 2010.
its 6,500 shareholders, fol-
lowing earnings of $40 mil- Recession

lion for the first nine
months of 2010, compared
to $34 million in the prior
year.

The extraordinary divi-

It marks a return to mak-
ing pre-Christmas extraor-
dinary dividend payments,
after these were temporari-



TB DONALDSON





















































THE COLLEGE OF THE BAHAMAS

Visit our website at www.cob.edu.hs

Faculty Vacancies

Applications are invited from suitably qualified persons bor the bollawing Full- time faculty
Positions to teach effective August 2ah1 1:

Assistant Professor, Accounting :
Assistant Professor, Finance and Assistant Professor, College Compesitian
Boon mnics and Literature
Assistant Professor, Management and
Marketing

Assistant Professor, Computer
Information Systems Assistant Professor, Physics
Assistant Professor, blathermatics
Life Schemoes

Assistant Professor, Agriculture

Assistant Professor, Chemistry

Assistant Professor, Environmental
Sustainability

Assistant Professor, Geography

Schoo! of Nursing and Allied Mealth
Professions

Assistant Professor, Pharmaceutical
Sciences (Groevenor Clode Campus)

Assistant Professor, Criminal Justice
School of Communicative mane Cred tive Studies
Ants
Assistant Professor, Art Uy — Lh.
Assistant Professor, Moosic Assistant Professor, Law
Ascistant Professor, Foreign Languages
(Haitian Creole French)
Assistant Professor, Foreign Languages
(Spanish)
Assistant Professor, lJowrnalism

Lik : 7 ; | Medi
Services

Librarian I, Head of Public Services and
Reference Librarian

Librarian U, Head of Technical Services
and Cataloguing Librarian

Assistant Professor, Relighwus: Education

For detailed job descriptions, visit ww wucobedubsbrapply. Interested candidates
should submit a detailed resume and caver letter of interest ne later than Tuesday,
November 30th, 2070. A completed application package, cover letter of interest and
resume should be forwarded to: Asseciate Vice President, Human Resources Department,
The College of The Bahamas, Oakes Field Campus, P.O, Box N-4912, Nassau, Bahamas OR
cob, ex

THE PARTNERS SELF-FUNDED
HEALTH PLAN

THE PSFHP: “Partaering Ts Bring, Tou The Bert be Afferdsble Beokdicore In The Boho”

70% Sign Up For Teachers’ Health Plan Via The
Partners.

Attention Teachers:

As of 5:00pm, 12" November, 2010, some 70% (450-500) of
the Teachers (Nassau, Freeport & Family Islands) have
signed up for The Teachers’ Health Plan, but most are
tremendously challenged to pay the premiums for the
month of November.

The Partners Health Plan has negotiated a further extension
for The Teachers for their benefits at present rates, With
Continuity, through Friday, 11/19/2010.

Thereafter, benefits may be secured, but likely without
Continuity.

Remaining members are encouraged to complete the
application process ASAP so as to establish the Effective
Date of Benefits and Maintain the Present Premiums.

Arrange At Assured Financial Services on 432 East Bay
St. and Victoria Avenue, opposite the Mosko Building.

Tel: 322-6735, 225-3703 or
502-9650.

ly suspended last year as the
economic recession impact-
ed the Bahamian economy.

“Our performance in
2010 shows a significant
improvement over 2009,
and we are sharing this
improvement with our
shareholders to help them
through the undoubted
challenging times that are
still ahead of us. This extra-
ordinary dividend reflects
a consistent reduced level
of economic activity for
2010; we do not believe that
the economy has yet

Bank unveils
extra dividend

entered a recovery phase.”
said chairman T. B. Don-
aldson, CBE.

“The success of the
bank,” he said, “rests solid-
ly on the support of our
shareholders, the loyalty of
our customers and the ded-
ication and commitment of
our staff.”

Commonwealth Bank,
the wholly-owned Bahami-
an financial institution,
operates eleven branches in
New Providence, Grand
Bahama and Abaco and
employs over 500 staff.

NOTICE

IN THE ESTATE OF MURDAUGH
STUART MADDEN, domiciled and late
of 2530 Queen Anne’s N.W. in the City of
Washington, District of Columbia one of
the States of the United States of America,

deceased.

NOTICE is hereby given that all persons having any

claim or demand against or interest in the above Estate

should send same duly certified in writing to the
undersigned on or before 6th December, 2010 after
which date the Personal Representative will proceed

to distribute the assets of the Estate having regard

only to the claims, demands or interests of which he
shall then have had notice AND all persons indebted
to the above Estate are asked to settle such debts on or

before 6th December, 2010.

FREDERIK F. GOTTLIEB & CO.
Attorneys for the Personal Representative
Chambers
Bay Street,

P.O. Box AB-20405
Marsh Harbour Abaco,

The Bahamas

Christmas





MORTGAGE
APPLICATIONS
TUMBLE FOR

WEEK IN US

NEW YORK
APPLICATIONS for

i mortgages to buy

i homes and to refinance
: dropped last week as

i mortgage rates pulled

i away from historic

i lows, according to Asso-
: ciated Press.

The Mortgage

i Bankers Association

: said overall applications
i fell 14.4 percent froma
i week earlier. Applica-

i tions to refinance tum-

i bled 16.5 percent from

i the week earlier, while

i those taken out to pur-

? chase homes fell 5 per-

i cent last week.

The decline in appli-

i cation volume comes as
i rates on fixed-rate

i mortgages jumped

i because of stronger

i economic data and

? doubts about the

i impact of the Federal

i Reserve's massive

i bond-buying program.
: The central bank plans
i to buy $600 billion in

: Treasury bonds in an

i effort to lower interest
? rates on consumer and
i business loans to spur
i economic growth.

Rates had been at or

? near their lowest levels
i in decades since spring
: as investors put money
? into safer Treasury

: bonds. That has low-

i ered their yields, which
i mortgage rates tend to
i track.

However, low rates

i have done little to

? boost home sales, which
i have faltered after the

i expiration of federal tax
i credits at the end of

i April.

Tight credit, worries

? over jobs and expecta-

i tions that home prices

: have further to fall have
i kept many buyers on

i the sidelines.

The Mortgage

i Bankers Association's
i survey covers more

: than 50 percent of all
i applications nation-

i wide.

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

THURSDAY, NOVEMBER 18, 2010, PAGE 7B



SINE
THE BAHAMAS FIRST 2010 FINANCIALS

FROM page one

itability, as its key general
insurance subsidiary was
removed from ‘review with
negative implications’ by the
leading global insurance rat-
ing agency.

Expressing the Bahamian
property and casualty insur-
ance group’s “delight” at the
action by A. M. Best, which
reaffirmed Bahamas First
General Insurance Company’s
financial strength rating of A-
(Excellent) and ‘a-’ issuer
credit rating, Patrick Ward, its
president and chief executive,
said “corrective actions” had
been taken to address “signif-
icant losses” incurred in its
newly-acquired Cayman sub-
sidiary’s health portfolio.

Yet despite speculation in
the Bahamian insurance
industry that Bahamas First
was likely to sell Cayman First
Insurance Company’s health
policy portfolio, since it was
a non-core area for the group,
Mr Ward said this would not
happen - at least in the near
term.

He told Tribune Business
that depending on the 2010
fourth quarter results, the
impact of Cayman First’s
health business on the over-
all Bahamas First Holdings’
results could even be “almost
neutral”, and at worst would
not be a major drag.

“The third quarter results,
which the Board has just
approved, were tracking close

FROM page one

to Budget,” Mr Ward told this
newspaper. “The fourth quar-
ter is traditionally our
strongest quarter, and barring
any catastrophe events, we
expect to finish the year, if not
on Budget, in excess of Bud-
get, both on top-line growth
and profitability.”

Tribune Business last
month revealed that Bahamas
First Holdings was projecting
an 80.5 per cent increase in
year-over-year net compre-
hensive income to $7.598 mil-
lion for its 2010 financial year,
boosted by a forecast $2 mil-
lion contribution from its new
Cayman Islands acquisition.

Gross written premiums are
projected to jump to $149.106
million this year, and net pre-
miums are forecast to hit
$59.649 million.

The same trends and pat-
terns are forecast for total
underwriting income, which is
projected to hit $82.266 mil-
lion in 2010, followed by net
underwriting income, which is
projected to strike $24.442
million in 2010.

Bahamas First Holdings’
net technical results were fore-
cast at $6.006 million in 2010,
and its combined ratio, which
measures underwriting prof-
itability, was projected to rise
from 68.77 per cent in 2009 to
70.29 per cent this year.

A. M. Best, in removing
Bahamas First from its ‘review
with negative implications’,

still left a ‘negative outlook’
on its Cayman First Insurance
subsidiary due to “the drag on
its operating results due to the
significant losses emanating
from the company’s accident
and health lines of business”.

Acknowledging that “there
are some ongoing issues with
the health portfolio”, Mr
Ward told Tribune Business:
“We've initiated a number of
corrective actions that are
starting to bear fruit.” This
information, he added, had
been shared with A. M. Best.

Asked whether Bahamas
First Holdings would seek to
divest Cayman First’s health
portfolio, Mr Ward replied:
“We think we can make a suc-
cessful go of it. It’s not cur-
rently for sale, and we don’t
anticipate it will be in the
short to near-term.”

He told Tribune Business
that Cayman First’s health
portfolio would not be “a big
drag” on the wider group’s
performance, adding:
“Depending on the fourth
quarter turn out, it could be an
almost neutral impact, but it’s
not expected to be a big drag
on earnings.”

In removing its review of
Bahamas First General Insur-
ance Company, A. M. Best
said yesterday: “As the pri-
mary holding and major
source of earnings for
Bahamas First Holdings, the
ratings of Bahamas First Gen-

eral Insurance Company
reflect its continued excellent
capitalisation, favourable
operating performance and
established presence in the
Bahamian market.

“These factors are support-
ed by the company's conserv-

a
NAD

Nassau Airport

Davelapment Company

ative catastrophe program,
underwriting controls, local
market expertise and solid risk
management programs. These
positive rating factors are off-
set by Bahamas First General
Insurance’s geographic con-
centration and catastrophe
exposure, particularly to hur-
ricanes in the Caribbean.”

As for Cayman First, A. M.
Best added: “The ratings of
Cayman First recognise its sol-
id capitalisation and positive
non-health operating results,
along with its expertise in the
Cayman market.

“The negative outlook on
Cayman First acknowledges
the drag on its operating
results due to the significant
losses emanating from the
company’s accident and health
lines of business.

“Bahamas First Holdings’
management has developed
and implemented strategies to
reduce these losses and their
effect on earnings. A.M. Best
will continue to monitor the
effectiveness of these strate-
gies and Cayman First’s inte-
gration into Bahamas First
Holdings’ existing operations.”

Giving his reaction, Mr
Ward told Tribune Business:
“We’re delighted about that. It
indicates that Bahamas First
is on a firm footing and the
Cayman acquisition has been

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their doors”, a top liquidator yesterday pro-
jected an increase in the rate of liquidations in
the Bahamas in the near future.

Maria Ferere, president and director of FT
Consultants, suggested it was time that the
Bahamas introduced more “corporate recovery
avenues” to give businesses “an opportunity -
especially in this economy - to recover” from
periods of financial uncertainty.

“Corporate recovery paths are not used in
the Bahamas because people don't think that
they have an opportunity to do restructuring.
Banks aren't used to engaging in that kind of dis-
cussion. But I think if something is built into
the legislation to allow other avenues for recov-
ery, it gives businesses an opportunity - especially
in this economy - to try to recover,” Mrs Ferere
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“It's simply a question of updating (the law).
In the United States you've got chapter 11 bank-
ruptcy, which basically allows you to reorganise

INSOLVENCY REFORMS

yourself. We need some legislation that will
allow businesses to reorganise rather than sort of
forcing them to close their doors.”

During her presentation to the Bahamas Insti-
tute of Chartered Accountants (BICA) semi-
nar yesterday, Mrs Ferere noted a number of
areas relating to insolvency which would benefit
from being brought up to date with current
trends. She suggested a new Insolvency Act may
be due.

Asked if she had seen an increase in the num-
ber of companies entering the liquidation process
in recent times, Mrs Ferere told Tribune Busi-
ness this rate had been “slow” so far, but she
believes “there’s more to come”.

“A lot of companies are trying to see what
they can do to stay above water, but I think the
recession is still very much alive and we've got a
few years before we start seeing the turnaround,”
said the accounting specialist.

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NOTICE

Notice is herby given of the boss of Bahamas Government Registered Stock Certificnte as
follows:

Stock Int i te Mo.
Amount 7
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S50 000 0)

Maturity 0

O21TR7S FRIST September 22, 2023

I intend to request the Registrar i tgeuc a replacement certificate. If this certificate is
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TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM
PAGE 8B, THURSDAY, NOVEMBER 18, 2010

THE TRIBUNE

Economic rebound is ‘five years away’

FROM page one

sales standpoint, if you take
30 per cent of gross revenues
away, this 20-30 per cent
from off the top line, and cal-
culate the average net return
of around 12-15 per cent, it’s
extremely difficult to see
where companies can remain
profitable.

“Debt servicing becomes
avery difficult proposition; it
becomes very difficult to ser-
vice debt. Many companies
have cut significantly. But
how far do you cut to remain
in business, and provide the

value customers expect with-
out compromising the busi-
ness?”

With many Bahamian
companies in the private sec-
tor “on the brink” of failure,
and many others holding on
in the hope of a Christmas
boost, Mr Rolle - without
mentioning the $2.6 billion
Baha Mar project by name -
again questioned whether
MPs and policymakers “ful-
ly understand” the urgent
need for a “catalyst” to
revive the economy.

“We’re going through
troubled times in the busi-

ness community, and the
longer we take to get toa
point where people feel
comfortable they’re able to
spend money.......... , Mr
Rolle said, tailing off.

“I know many businesses
that are on the brink, hold-
ing on, and the longer we
delay these projects that
have the potential to encour-
age economic activity, the
worse it gets.”

Speaking about the sur-
vival prospects for many
struggling companies, the
Chamber chief painted a rel-
atively bleak but realistic pic-

The following persons are asked to contact

STOR-IT-ALL OF NASSAU, LIMITED
in connection with items left in storage:

* Simone Bowe

* Tiffany Lundy

* Jackell Moxey

* Makita S. Depradine

* Necka Wells

* Land’or International

* Lisa Williams

* Jason Demeritte

* Anwar Rolle

* Gaylene Brown

Se MER eee Rete ee
November 26th to cover outstanding Account.

finn

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Soldier Road

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ture. “Once you get to the
brink, the edge, there’s no
coming back from that,” Mr
Rolle told Tribune Business.

“Those that survive it, for
the next 24-36 months they
end up operating in panic
mode, hand-to-mouth mode.
The recovery lasts a couple
of years, and we’re in year
two of this recession, going
into year three of this short-
ly.”

Acknowledging that the
$188 million in loans to the
Bahamian private sector that
were more than 90 days past
due could act as a further

drag on recovery when it
came, Mr Rolle added: “The
recovery will take a signifi-
cant period; it is not auto-
matic.

“The first thing in the
recovery period is to stabilise
the business, and that’s a 12-
18 month period. Then, you
go into a 24-36 month win-
dow where you start to
rebuild the business, and the
rebuilding process usually
takes a couple of years..........
unless there’s a significant
catalyst for activity.”

The Chamber president
pointed out that it took the

Applications for the position of

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Bahamian economy some
three-four years to fully
recover from the effects of
the September 11, 2001, ter-
ror attacks on New York
and Washington. Once that
recovery was completed, he
noted that many Bahamian
companies saw top-line per
annum sales growth of
between 7-10 per cent
between 2005 and 2008.

“This is infinitely worse
than 9/11, because it impacts
the entire economy,” Mr
Rolle told Tribune Business.
“No one was insulated from
this. If you use that as a
gauge for recovery, we are
five years away from begin-
ning to see meaningful and
measurable recovery.

“And in that period we
still have to recover from
what was accumulated dur-
ing this difficult period, all
the debt and negative
aspects of the balance sheet
have to be worked out.”

Tribune Business revealed
yesterday that some $188
million in loans to Bahamas-
based businesses, represent-
ing 18.11 per cent of all bank
credit to the private sector,
were non-performing as at
September 30, 2010.

Data provided to Tribune
Business showed that the
picture on Bahamian dollar
mortgage loans and con-
sumer credit was little bet-
ter. Some $287 million worth
of mortgage loans were non-
performing (over 90 days
past due and upon which
banks have stopped accru-
ing interest) as at Septem-
ber 30, 2010, an amount
equivalent to 9.76 per cent
of the total $2.917 billion in
mortgage credit outstanding.

As for consumer loans,
such as auto credit, some
$154 million worth - equiva-
lent to 7.34 per cent of the
$2.134 billion in such out-
standing loans - were more
than 90 days past due as at
September 30, 2010.

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THE TRIBUNE



THURSDAY, NOVEMBER 18, 2010, PAGE 9B



FROMpageone — §906.5m reserves
beat IMF’s target

sumer demand meant this was
likely to be less than in previ-
ous years.

“External reserves currently
stand at $906.5 million or
roughly 3.5 months of mer-
chandise imports,” Mrs Craigg
said. “This compares
favourably to the IMF’s bench-
mark of three months of
import cover. While the tem-
pered recovery in tourism has
provided some accretion to the
reserve pool this year, much of
the growth impulse has been

associated with one-off, extra-
ordinary inflows.”

Asked about the effects the
recession was likely to have on
the seasonal foreign currency
drawdown, the Governor
added: “Traditionally, the latter
half of the year, particularly the
final quarter, is a period of
increased import demand as
retailers build-up inventories

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ahead of the Christmas season.

“As a result, we typically wit-
ness an increased demand for
foreign exchange. While we
expect to see a similar trend
this year, the level is likely to be
lower than in the pre-recession
years. Most certainly, the reces-
sion, which has dampened con-
sumer demand, and general
business activity, are key fac-
tors underlying the anticipat-
ed lower levels of foreign
exchange usage.”

Excess liquidity - the level of
surplus assets in the Bahami-
an commercial banking system
available for onward lending
purposes - stood at $431.5 mil-
lion as at November 3, 2010,
Mrs Craigg said.

The “subdued economic
environment” had enabled lig-
uidity to build in the system
over 2010, she added, although
“it is likely that we will see a
modest reduction in this year
over the balance of the year”.

Asked about the commer-
cial banking industry’s perfor-
mance over the course of the
recession, Mrs Craigg told Tri-
bune Business: “The banking
system has, to-date, performed
credibly. While it is important
to note that we are still being
impacted by the effects of the
recession, in terms of a persis-
tence of high unemployment
and subdued business activity,
our domestic banks had very
high levels of capital prior to
the crisis, in excess of 20 per
cent of risk -weighted assets
compared to the international
standards, and these levels have
been sustained.

“Yes, the level of arrears has
been increasing, and this is an
area that has attracted
enhanced surveillance by the
Central Bank, so as to ensure
the safety and soundness of the
system. However, so far banks
are able to protect themselves
adequately against any losses,
with their strong capital posi-
tions. In addition, banks have
still remained profitable,
although at lower levels, in line
with the reduced level of busi-
ness and partly because of

Invites qualified applicants for the following position:-

SENIOR FOREIGN EXCHANGE

EDUCATION AND EXPERIENCE:-

TRADER

-Excellent knowledge of foreign currency trading.

-At least ten years experience.

-In-depth knowledge in trading:-
Spot and Forward currency transactions
Currency swaps
Precious metals
Currency and precious metal options

-Ability to speak/write French would be an asset.

-Bachelor’s Degree in Finance or related subject.

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APPLICATIONS MUST BE RECEIVED BY
TUESDAY, NOVEMBER 30, 2010

Please hand deliver Resume and two (2) references to:-
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Nassau, Bahamas

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Offices in

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increasing provisions against
bad debts.”

And she added: “The mone-
tary system, from the stand-
point of external reserves,
remains stable. Domestic cred-
it is being impacted by a com-
bination of factors, which
include job losses, weakened
balance sheet positions of busi-
nesses, lower risk appetite and
higher standards and require-
ments for new credit being
sought, because of banks’ con-
cerns about their credit quality
indicators.”

While it was “difficult” to
forecast when the Bahamian
commercial banking industry’s
non-performing and arrears
loan situation would improve,
Mrs Craigg said: “The Bahami-
an economy is driven mainly
by our key foreign currency
exchange earning sectors,
namely tourism, foreign invest-
ments and international finan-
cial services.

“Consequently, to the extent
that we see steady gains in
these three sectors, then they
will have spill over effects on
other areas of the economy,
such as the wholesale and retail
trade, as well as construction.
This will, in turn, foster
improved prospects for busi-
nesses and individuals, and
increase their ability to repay
existing loans and qualify for
new loans.

“Tt is also incorrect to say
that banks are not lending.
They certainly have the liquid-
ity to lend and appear to be
doing so, although standards
have been tightened given their
arrears levels and the weakness
in economic activity, which has
not provided for any notable
improvement in employment
conditions.

“When consumers are in a
better place, in terms of job
security - outcomes which
hinge on the rebound in the
productive sectors, I’m certain
that we will see a return to
more normal lending patterns.”

PUBLIC NOTICE

INTENT TO CHANGE NAME BY DEED POLL

The Public is hereby advised that |, KENLY FERGUSON
of RO. Box SS-12982, Southern District of The Island of
New Providence, Commonwealth of The Bahamas, intend
to change my name to KENLEY FERGUSON. If there are any
objections to this change of name by Deed Poll, you may
writesuch objections to the Chief Passport Officer, RO.Box
N-742, Nassau, Bahamas no later than thirty (30) days
after the date of publication of this notice.

NOTICE

IN THE ESTATE OF R.S. WOOD
A.K.A. RUDOLPH S. WOOD, late of
the City of Berkeley Heights in the States
of New Jersey one of the States of the
United States of America, deceased.

NOTICE is hereby given that all persons having
any claim or demand against or interest in the
above Estate should send same duly certified
in writing to the undersigned on or before 16th
December, 2010 after which date the Executors
will proceed to distribute the assets of the Estate
having regard only to the claims, demands or
interests of which they shall then have had
notice.

FREDERIK F. GOTTLIEB & CO.
Attorneys for the Executors
P.O. Box AB-20405
Bay Street, Marsh Harbour
Abaco, The Bahamas



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« Background in sales a plus

Skills:
+ Highly Motivated

« Good communication skills verbal/writing
+ Ability to work independently

«Team Player

Underwriter

Responsibilities include writing all lines of business, providing quotations for
all lines; growing general insurance portfolio

Qualifications:

- Certificate of Proficiency

« Background in sales a plus

Skills:
« Highly Motivated

«Good communication skills verbal/writing
« Ability to work independently

«Team Player

Send resumes to:
P.O. Box EE 15491

Attention: Human Resources

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


PAGE 10B, THURSDAY, NOVEMBER 18, 2010

THE TRIBUNE



FROM page one

ing expeditions” in the
Bahamas as it related to com-
panies. This was requiring liq-
uidators to do things which con-
flict with other responsibilities
they may have under Bahamian
laws.

“T’ve seen quite a few of
(these requests). In the last few
years, I’ve been served with
MLAT orders and required to
hand over documents to for-
eign governments,” Mrs Ferere
said.

“It touches on the confiden-
tiality of the information we’re
holding here, and secrecy in
some situations. Those are

‘More enforcement’ needed to
Stop MLAT fishing expeditions

issues that have to be dealt
with, and I think we need to
really proactively ensure our
legislation doesn’t allow a sort
of free for all. It’s not supposed
to be a fishing expedition, but it
often is, and it’s not mutual -
we don’t get the same benefit.

“Tf they are seeking to do an


























NOTICE is hereby given that MEILSON LOUVERTURE
of Carmichael Road, Nassau, Bahamas is applying to
the Minister responsible for Nationality and Citizenship, for
registration/naturalization as a citizen of The Bahamas, and
that any person who knows any reason why registration/
naturalization should not be granted, should send a written
and signed statement of the facts within twenty-eight
days from the 11° day of November, 2010 to the Minister
responsible for nationality and Citizenship, P.O. Box N-
7147, Nassau, Bahamas.

NOTICE

NOTICE is hereby given that ISLET FLORESTAL of
P.O.Box NP-3252240, ST. JAMES Rd. #9, Nassau,
Bahamas, is applying to the Minister responsible
for Nationality and Citizenship, for registration/
naturalization as a citizen of The Bahamas, and that

investigation of a company in
liquidation in a foreign coun-
try, they can get an ex-parte
order through the Attorney
General’s office to seize all of
the liquidator’s records. But
that conflicts with the liquida-
tor’s role. He could have an
order that requires him to
retain and protect those
records.”

Mrs Ferere was speaking at
the Bahamas Institute of Char-
tered Accountants (BICA)
“Accountant’s Week” seminar
at the Sheraton Nassau Beach
Resort on the topic of “current
trends in corporate recovery
and insolvency.”

The accounting specialist
called for the Government to
update current laws relating to
insolvency in the Bahamas,
which are contained in the
Companies and IBC Acts, or
introduce an entirely new Insol-
vency Act, which would bring
Bahamian law relating to trou-
bled companies and the insol-
vency process up to speed with
trends in other countries.

Mrs Ferere said: “We really
just need to sit down and look

at the entire legislation, all the
rules that deal with winding up
and see what we can do to
improve it.

“There are models out there,
the UK insolvency law, that we
can benefit from. We need a
bit of updating for current
issues.”

Top among her suggestions
for ways the law could be
enhanced was the need for the
Government to address the
“nagging” and “reoccurring”
issue of what happens to funds
meant for distribution to par-
ticular creditors by a liquidator
when those creditors cannot be
found.

“Under the present law, the
liquidator would get directions
from the court (if they cannot
locate a creditor at the time of
the distribution), and the mon-
ey (which had been set aside
for the creditor) goes back into
the pot (to be distributed
among the regular sharehold-
ers). Those persons (who could
not be located) would be
barred from making any fur-
ther claims on the funds, which
would go back to the share-

au person who knows any reason why registration/
naturalization should not be granted, should send
a written and signed statement of the facts within
wee ea days from the 11" day of November,
2010 to the Minister responsible for nationality and

Citizenship, P.O. Box N-7147, Nassau, Bahamas.

A
~_

NOTICE

NOTICE is hereby given that TITUS CHUKWU NWAOZOR
of VILLAGE ROAD, P.O.Box SB-52634 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 11" day of November 2010
to the Minister responsible for nationality and Citizenship, P.O. Box
N-7147, Nassau, Bahamas.

holders,” explained Mrs Ferere.

“Sometimes you work on liq-
uidations for five to six years,
get to the point where you want
to make final distributions and
find there are a number of cred-
itors you just can’t find. It’s one
of those nagging areas that
comes up from time to time.”

Mrs Ferere noted that in
some jurisdictions, the law
allows for such funds to be
turned over to the Central
Bank or a government body,
which will hold the funds and
then allow for future claims to
be made to that entity once the
liquidation has been completed.

Changes to the law on the
way notices from liquidators
are brought to the attention of
the public - or not, as the case
may be - would also benefit
creditors, who might otherwise
miss their opportunity to claim
the funds that have been set
aside for them, suggested Mrs
Ferere.

“(Under the present law)
everything has to be placed into
the newspaper which, really,
while years ago it might have
reached a lot of people, doesn’t
reach anyone now. You place
an ad for a day and the chances
of getting coverage is not that
high, so perhaps we need to
look at another way of reading
creditors getting information
out,” she added.

Other areas in the current
legislation which are in need of
“clearing up”, according to the
liquidation specialist, include
elements relating to whether

Bahamian or foreign liquida-
tors are appointed to a particu-
lar matter.

There is presently no require-
ment under the law in favour
of either a Bahamian or foreign
liquidator, but Mrs Ferere said
her experience leads her to
believe it is important to “have
a liquidator who is familiar with
the local rules and regulations,
and that those local rules and
regulations are applied and
considered before taking on
other cross-border issues”.

“I've run into a number of
cases where suggestions had
been made to take certain
actions in other jurisdictions
that really would not have been
consistent with what we would
do under our law, and so I think
in some circumstances it’s quite
appropriate to have a foreign
liquidator. In those cases, I
think it may be better to have
joint liquidators, one foreign,
one Bahamian, so you can deal
with the legal issues in both
jurisdictions,” said Mrs Ferere.

How long records gathered
by a liquidator during the
process of winding-up the com-
pany must be kept after the
process is completed could also
be clarified.

“Sometimes you accumulate
massive records. You get to the
end and you want to release
(the funds) and get rid of the
records. Sometimes the court
would order you keep them for
five years, or sometimes just six
months. There’s nothing clear
in the Act,” said Mrs Ferere.

COMMONWEALTH OF THE BAHAMAS

IN THE SUPREME COURT

COMMON LAW AND EQUITY DIVISION

BETWEEN

CLE/GEN/01343

FIRSTCARIBBEAN INTERNATIONAL BANK

NAD (BAHAMAS) LIMITED

Nassau Airport
Bevelopment Company

Plaintiff
AND
LALEEA JALEIKA KINTEH

NOTICE

IN THE ESTATE OF MILLICENT
WOOD , late of the City of Berkeley
Heights in the States of New Jersey one
of the States of the United States of
America, deceased.

Defendant

Credit & Collections Officer

The Hasse Airport Development Company (MAD) is seeking
candidates for the pecuion of Cred & Collectors Officer

NOTICE OF ADJOURNED HEARING

TAKE NOTICE that the Summons for leave to entre
Judgment in Default of Appearance filed on the 18"
day of January, A.D., 2010 and set down to be heard
on Friday the 18'" day of June, A.D., 2010 at 10:30
o'clock in the morning will now be heard before the
Registrar Donna Newton, of the Supreme Court, 3”
Floor, Ansbacher Building and East Street North,
Nassau, The Bahamas on Friday the 17 day
of December, A.D., 2010 at 11:30 o’clock in the
morning.

REPORTS TO = Controller

Kay feaoonaibilties inaiude bul ara nol limied te Canduel credit
Checks on few and sisting cusiomers, collect outstanding pay
ments, creme monthly customer invoices, mest collection target
amount set foreach month and assist eth yearend audi
proceduree.

NOTICE is hereby given that all persons having
any claim or demand against or interest in the
above Estate should send same duly certified
in writing to the undersigned on or before 16th
December, 2010 after which date the Executors
will proceed to distribute the assets of the Estate
having regard only to the claims, demands
or interests of which he shall then have had
notice.

OUALIFICATIONS

“Three years expereince in a similar position.

Dynamic, highly energetic individual with the ability ja work
ndeperdanty

* Adapt al opanming in a computenzed PC-based financial
snaronment

» Abdity 63 mulitask and imeract proleesionally wilh cusiemers and
cL

* Analyical, problem-solving and afactiva communicaton skills

Dated this 27" day of October, A.D., 2010

REGISTRAR

This Notice was taken out by Messrs. Gibson, Rigby

& Co., Chambers, KI-Malex House, Dowdeswell Street,
Nassau, The Bahamas, Attorneys for the Plaintiff.

For more details, please visit (he PEOPLE section of
oUF WeDSIte at Wwe. nas.bs

FREDERIK F. GOTTLIEB & CO.
Attorneys for the Executors
P.O. Box AB-20405
Bay Street, Marsh Harbour
Abaco, The Bahamas

Ot pou aie quinkfied ane indarcched places subral jour
rium bye Menserribee 26, 2810 to

Manager, People

Hassau Airport Dewelopment Company

P.O. Boor AP 69329
Nassau, Bahamas

or e-mail propia irom Ere

©

Temple Christian Hi gh School
Shirley Street
TEACHING VACANCY

CAPITAL MARKETS
BROKERAGE & ADVISORY SERVICES

= Fa
ROYAL SFIDELITY ;

Moray at Work

BISX LISTED & TRADED SECURITIES AS OF:
WEDNESDAY, 17 NOVEMBER 2010
BISX ALL SHARE INDEX: CLOSE 1,505.16 | CHG 14.71 | %CHG 0.99 | YTD -60.22 | YTD % -3.85
FINDEX: CLOSE 000.00 | YTD 00.00% | 2009 -12.31%

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

52wk-Low Change Daily Vol. EPS $ Div $
1.00 0.00 0.150
9.67 0.00 0.013
4.50 0.00 0.598
0.18 0.00 -0.877
2.70 0.00 0.168
0.016
1.050
0.781
0.422
O.111
o.189 .
-0.003 .
0.287 i 7 A.

0.645

Invites applications from qualified Christian
teachers for the following positions for the
2010 - 2011 School Year.

Today's Close
1.01
10.63
4.90
0.18
2.70
2.17
10.46
2.40
6.85
1.84
1.60
6.07
7.26
9.74
5.46
1.00
5.5o

Previous Close
1.01
10.63
4.90
0.18
2.70
2.17
10.46
2.40
6.56
1.80
1.60
6.07
7.26
9.74
5.46
1.00
5.5o

Securit
"AML Foods Limited
Bahamas Property Fund
Bank of Bahamas
Benchmark
Bahamas Waste

Math/Commerce (Grs. 10-12)
Applicants must:

2.14
9.62
2.36
5.40
1.63
1.60
5.94
7.26
8.77
3.75
1.00
5.00
9.90
10.00

Fidelity Bank
Cable Bahamas

Colina Holdings
Commonwealth Bank ($1)
Consolidated Water BDRs
Doctor's Hospital

0.00
0.00
0.00
0.29
0.04
0.00
0.00
0.00
0.00
0.00
0.00
0.00

Famguard
Finco
FirstCaribbean Bank
Focol ($)
Focol Class B Preference
ICD Utilities
J. S. Johnson 9.90 9.90 0.00
Premier Real Estate 10.00 10.00 0.00
BISX LISTED DEBT SECURITIES - (Bonds trade on a Percentage Pricing basis)
Securit Symbol Last Sale Change Daily Vol.
Bahamas Note 6.95 (2029) BAH29
Fidelity Bank Note 17 (Series A) + FBB17
Fidelity Bank Note 22 (Series B) + FBB22
Fidelity Bank Note 13 (Series C) + FBB13 100.00 0.00
Fidelity Bank Note 15 (Series D) + FBB15 100.00 0.00
RoyalFidelity Merchant Bank & Trust Ltd. (Over-The-Counter Securities)
Symbol Bid $ Ask $ Last Price Daily Vol.
Bahamas Supermarkets 5.01 6.01 14.00
RND Holdings

Be a practicing born-again Christian who is
willing to subscribe to the Statement of Faith of
Temple Christian School.
Have a bachelor’s Degree in Education or higher
from a recognized College or University in the area
of Specialization.
Have a valid Teacher’s Certificate or Diploma.
Have at least two years teaching experience in the
relevant subject area with excellent communication
skills.
Applicants must have the ability to prepare students
for all examinations to the BJC/BGCSE levels.
Be willing to participate in the high school’s extra
curricular programmes.

0.366
0.000
0.012
100 0.971
0.991
52wk-Hi 52wk-Low Interest
6.95%
7%
Prime + 1.75%
7%
Prime + 1.75%

99.46
100.00
100.00

0.00
0.00
0.00

20 November 2029
19 October 2017
19 October 2022

30 May 2013
29 May 2015

EPS $
-2.945
0.001

Div $
0.000
0.000

P/E

0.35 0.40 0.55
CFAL Securities Ltd. (Qver-The-Counter Securities)

30.13 31.59 29.00

0.45 0.55 0.55

BISX Listed Mutual Funds

NAV YTD%
1.5122 5.11%
2.9187
1.5655
2.8624
13.5642
114.3684
106.5528
1.1318
1.0969
1.1320

ABDAB
RND Holdings

4.540
0.002

0.000
0.000

NAV 3MTH
1.490421
2.919946
1.545071

NAV 6MTH
1.467397
2.911577
1.530224

Fund Name
FAL Bond Fund

CFAL MSI Preferred Fund

CFAL Money Market Fund

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

CFAL Global Equity Fund

FG Financial Preferred Income Fund
FG Financial Growth Fund

FG Financial Diversified Fund

Last 12 Months %
1.4076 6.79%
2.8300
1.4954
2.8522
13.0484
101.6693
99.A17T7
1.0000
1.0000
1.0000
9.1005

1.10%
3.87%
-8.16%
1.47%
9.98%
A.75%
3.85%
2.71%
3.79%

213%
AAB%
-7.49%
2.95%
12.49%
7.18%

30-Sep-10
12-Nov-10
31-Aug-10
30-Sep-10
30-Jun-10
30-Sep-10
30-Sep-10
30-Sep-10
30-Sep-10

Applications must be picked up at the High School Office on
Shirley Street and be returned with a full curriculum vitae,
recent coloured photograph and three references to:

109.392860
100.779540

107.570619
105.776543
5.22%
644%
5.71%
Royal Fidelity Bah Int'l Investment Fund Principal
Protected TIGRS, Series 1

stment Fund Principal

9.7458 4.35% 5.22% 31-Oct-10
10.0000
10.6000 -1.59% 4.26% 31-Oct-10

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

9.1708 Royal Fidelity Bah |
Protected TIGRS, Series 3

Royal Fidelity Intl Fund - Equities Sub Fund

stment Fund Principal

9.5037 -4.96%

8.1643 5.79%
MARKET TERMS

-4.96%
9A2%

31-Oct-10
4.8105 31-Oct-10
BISX ALL SHARE INDEX - 19 Dec 02 = 1,000.00

i ice in last 52 weeks

FINDEX< - The Fidelity Bahamas Stock Index. January 1, 1994 = 100
(S) - 4-for-1 Stock Split - Effective Date 8/8/2007
(S1) - 3for-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


Employment Opportunity

Manager, Credit Recovery & Collections

Core Responsibilities

Plans, evaluates, implements and continuously improves all aspects of credit & collection
functions and processes

Assists in formulation of departmental collection objectives and achievement of same
Ensures professional relationships are established and maintained with clients and
allomeys

Directly interacts with clients in resolving delinquencies

Facilitates routine departmental training

Appraises performance of direct reports against objectives,

Ensures departmental workloads are balanced, and deadlines are met.

Develops collection policies and procedures

Provides guidance and answers questions regarding credit and collection policies and
protocols as they arise

Educational and Skill Requirements

The ideal applicant will havea minimum of a Bachelor's degree in finance, business
administration or a related field, and at least five years in a leadership role in a collections
environment.

Applicants must possess strong systems skills; developed collection, analytical and
negotiating skills; effective oral and written communncation skills; and adequate
knowledge of credit and collection procedures.

Strong skills to manage stall and build high performing teams;

Able to advise on court appearances, foreclosure coordination, and to mitigate isk of

litigation.

Analytical skills to counsel colleagues in delinquency assessment and experience to
create financial solutions for delinquent clients;

Proficient with MS 2007 PowerPoint, Excel, and Word;

Benefits include a competitive compensation and benefit packages commensurate with work
expenence and qualifications.

Qualified persons should e-mail résumés to infol@orgsoul.com on or before November 25, 2010,



Krys RAHMING & ASSOCIATES

iBahamas| Limited

GLOBAL EHOWLEDGE « LOCAL PERSP

Krys Rahming & Associates (Bahamas) Ltd is a provider of
corporate recovery, insolvency, forensic accounting and business
advisory services in the Caribbean. The firm is affiliated with
Krys & Associates (Cayman) Ltd., a premier provider of corporate
recovery, insolvency, and forensic accounting services in the
Caribbean. We are seeking applications to fill a vacancy for the
below listed job description.

PAGE 14B, THURSDAY, NOVEMBER 18, 2010

THE TRIBUNE



‘Has patient lost
too much blood?’

FROM page one

patient may have lost too
much blood”.

This newspaper was told by
contacts familiar with devel-
opments at City Markets, and
its Bahamas Supermarkets
operating parent, that all nec-
essary government approvals -
including foreign exchange
control permission from the
Central Bank of the Bahamas
- was granted on Friday past,
enabling Mr Finlayson’s Trans
Island Traders vehicle to close
the deal.

Government approvals
were required because
Trinidadian conglomerate,
Neal & Massy, owned 51 per
cent of the voting rights in
BSL Holdings, the former
majority shareholder who has
now sold out following a dis-

astrous four-year ownership
in which the 11-store City
Markets chain racked up more
than $29 million in cumulative
losses.

While Derek Winford, City
Markets’ Trinidadian chief
executive, and the company’s
financial controller - also on
secondment from Neal &
Massy - will stay on for sever-
al months to provide continu-
ity in the transition to Mr Fin-
layson’s ownership, Tribune
Business understands that
Neal & Massy senior execu-
tives are due in the Bahamas
imminently to begin the clos-
ing out of BSL Holdings’
affairs.

In the meantime, wholesale
industry sources have suggest-
ed that Mr Finlayson is making
preparations to form his own
management team, possibly
featuring executives from

PUBLIC NOTICE

INTENT TO CHANGE NAME BY DEED POLL

The Public is hereby advised that |, SONIA ROLLE
of PRO. Box F-41745 intend to change my child’s
name from SHAUNIQUA BRITTANNICA LATIQUA

ROLLE to
ALLEYNE.

SHAUNIQUA BRITTANNICA LATIQUA
If there are any objections to this

change of name by Deed Poll, you may write such
objections to the Chief Passport Officer, RO.Box
N-742, Nassau, Bahamas no later than thirty (30)

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.

Be of, Kotex.
ti

Y





Supervalue, the huge US
wholesale supplier who he and
Senator Jerome Fitzgerald, in
their former BK Foods guise,
had formed an alliance with
in a bid to support their ulti-
mately unsuccessful bid for
Baha Mar in 2006.

While giving Mr Finlayson
credit for taking on the chal-
lenge of saving City Markets
and its 700-strong workforce,
one rival questioned whether
the supermarket chain may
have gone beyond the point
of no return.

Sandy Schaefer, owner and
principal of Robin Hood, who
himself was approached to
acquire City Markets at one
point, told Tribune Business:
“T wish them [Mr Finlayson
and his family] the best of luck,
and I’m glad someone came
to the rescue of the well-being
of the 500-700 employees.

“T think they are in for quite
a challenge. These are chal-
lenging times for all of us.....
It’s going to take a long time to
turn around a company that
big. It’s not going to be accom-
plished overnight, and it’s
going to take time and lots of
money.”

Asked about the likelihood
of Mr Finlayson turning the
company around, Mr Schae-
fer said: “There’s always a
chance. I just wouldn’t qualify
it as good. Where you make
the effort, there’s always a
chance.

“Tn this case, it’s not just a
question of having the right
people, but lots of people and
lots of money. The situation
they’re in right now is that they
are bleeding, and the first
objective is to stop the bleed-
ing. That’s not easy, because
the patient may have lost too
much blood.”

Mr Schaefer added: “It’s
certainly not an undertaking I
would have done, but I give
them credit for trying to save
the jobs of those employees.”

ives
you




SENIOR ACCOUNTANT

The Senior Accountant will support management and be a
responsible for performing the day-to-day investigations and

analysis for corporate recovery, forensic, or liquidation et meee ates fn
assignments. The successful applicant is expected to be client =i is ng Be ee,
focused, perform their duties with appropriate confidentiality ards your, ie

and professionalism, demonstrate an appropriate level of initiative
and organization, and be able to operate in a demanding
environment. Exceptional writing, computer literacy, analytical
and interpersonal skills are important.





ewan shopping}iyy



To enter purchase 1 pack each of Kotex pads
and Kotex liners any size. Circle the Kotex
items on your store receipt dated between
October 18 and Movember 29, 2010. Attach
receipt te an entry form and drop inte boxes
in participating stores or The d'Albenas
Agency in Palmdale,

The ideal candidate will have an accounting background and
have completed a qualification in the field from a recognized
institution or professional body. The successful applicant will
typically have had at least two to five years recent auditing
experience with a Big 4 Accounting firm. Prior experience in the
forensic accounting or corporate recovery field is a plus.






The range of salary for this post is dependent on qualifications
and experience. A comprehensive benefits package is offered
to include health insurance, discretionary bonus and 20 days
vacation.



No solicitations from recruitment firms please.

Contest ends November 30, 2010.

Distributed im the Bahan by

#2 The dAlbenas Agency Ltd.

Eraployyesch of Tha Albers) Agere aad Medi Erterpeiees oc thei beediate
fundies are net eligible te: enter the cantest. Photo I required to onilect prize

= oe ee ENTRY FORM =

a Kotex. gives you C Hp stones

To apply please email your application to
personnel@krysandassoc.com.

Interested persons should apply no later than Name: To enter purchase 1 pack of Kotex pads
any size and 1 pack of Kedex liners any
November 26, 2010. ‘etdeece ce Fact ha Voce nae eater
store receipt dated between October 18
Phone: Emaal: and Newember 29, 2020. Attach receipt

to an entry form and drop inte entry
owes in participating stores or The
TAlbeaas Agency im Palmdabe.

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







Krys Rahmings Associates (Bahamas) Ltd. Fill in the blanks: Kotex L NE _ $ ave for Lightdays


The Tribune RELIGION Thursday, November 18, 2010 ® PG 27

The Tribune’s

aaa)

S E C T


PG 28 @ Thursday, November 18, 2010 RELIGION The Tribune

Giving thanks

By JEFFARAH GIBSON
and ALESHA CADET
Tribune Features Writers

Sows gratitude for the
things, both big and small is an
important part of spiritual enrichment.

This week Tribune Religion continues
with part 2 of giving thanks where indi-
viduals tell what they are giving thanks.

Marika Rolle told Tribune Religion
that she tries to give thanks as much as
she can, since so many others are not in
the position to so.

“I'm thankful first of all for life. I'm
able to move every aspect of my body and
to my knowledge I'm extremely healthy.
Secondly, I'm thankful for my family

because even though they get on my
nerves at times they're always there for
me to look up too. Lastly I'm thankful for
being able to be afforded the opportunity
to further my education and to have a full
fledge career before I turn 25,” she said.

Regina Whyly said the troubles of this
life will never get in the way of her grati-
tude because each day she conquers she
gains strength.

“These days I am grateful for life, my
health and strength because what ever is
wrong now, I get one more opportunity
everyday that I am alive to make it better.
My motto is, giving up is not an option, it
is just how you are going to make it work.

“One thing that I know is that trouble
does not last always, life goes in terms of
seasons and you can be sure that the sea-
son will change once you walk through

These days I am grateful for life, my health and strength
because what ever is wrong now, I get one more oppor-

whatever you are going through and do
not give up in the middle,” she said.
After the passing of her mother a few
months ago Nadine Thomas Brown said
that she felt like her entire world was
crumbling. But knowing she has other
people who love her the same is some-
thing she is extremely thankful about.

“T am giving thanks for resilience and
love. My mom died recently and I felt
myself falling into a funk. I was able to
pull myself out of it by sheer force of will
and determination. My family and friends
were also there to pull me through. I have
discovered that in spite of the fact that
the one that loved me the most is gone. I
have tons of other people that care for me
and in the great scheme of things that is
all that counts, friends and family at your
back,” she told Tribune Religion.

tunity everyday that I am alive to make it better. ”

Kishan Munroe said: “T give thanks for
the lessons I have learnt over the years
and everyone who has played a role in me
learning them be it good or bad.”

Chelsea Deveaux said she gives thanks
for her parents and her loving boyfriend.
“ T am also thankful for God giving me
the air to breathe but mostly I'm thankful
about the goodness in my life. ’'m also
thankful for my true and loving friends
and family,” she said.

Fashion designer Theodore Elyett told
Tribune Religion that he's giving thanks
to God for his continuous blessings with-
in his life. " Never in my time - but always
on his timing and agenda. I couldn't be
more thankful for anything else at this

SEE page 29

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yndham Crystal Palace Ballroom

Friday, November 19th, 2010 at 7:00 PM.

Saturday, November 20th, 2010 at

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for our Full Prayer Breakfast Buffet including: boil fish,
chicken souse, stew conch, grits, eggs, johnny cake, assorted

pastries, juices and more.....
Se em Tete ees,


The Tribune

RELIGION

Thursday, November 18, 2010 ® PG 29

(MEDION
Carrying your Cross

By REVEREND ANGELA PALACIOUS

here is a saying that “a man
has to do what a man’s got to

do.” Same is true for women and chil-

dren. “ What is it that we got to do?

Carry our Cross

1) If we are Christians, we should
leave ourselves no choice, but to
carry it daily.

2) If we are children, we are to
obey

3) If we are servants, we are to
obey

4) If we are disciples, we are to
obey

REV. ANGELA
— ¢ j$™\{¢BOSFIELD

PALACIOUS
|

What does Humility mean?

1) Letting God receive the glory

2) Recognising our own faults and
failings

3) Accepting that greatness comes
from letting the Holy Spirit make us
live a life pleasing to God

4) Accepting that failure in the sec-

ular world can produce character

5) Admitting that there are lessons
to be learnt only from obedience

6) Trusting in God and not leaning
on our own understanding

7) Accomplishing great things by
following God’s will for us

What is your Cross?

It could be any of the following:

1) Relationships at work, home in
church

2) Financial challenges

3) Painful past

4) Il health at moment

5) Ongoing recovery from addic-
tion

6) Whatever is causing you pain

If God has not removed the thorn,

if God has asked you to remain in the
situation, then follow Christ Our
King and allow God’s will to be done.
If you are sure this is God’s word to
you then:

1) Stand your ground

2) Pray with fervor

3) Celebrate the blessing you can
count

4) See how you change through it

5) Let it shape you and mold you

6) Accept it as God’s refining fire

Scripture reminds us that for Jesus,
there was a crown for obedient suf-
fering with full restoration and great
glory. For us there is a also a crown,
God’s approval and our work accept-
ed.

(ey BISHOP VG CLARKE

Fatigue

Seer has said that the world
is run by tired men.

There is probably real substance in
the statement, for genuine leaders must
be willing to rise early and study longer
than their contemporaries.

Some men have tremendous stamina,

but fatigue will frequently set in if they
want to go somewhere with their
organisation and in their responsibili-
ties.

A wise leader will try to find a bal-
ance and seek an a vocation, a change
of pace to reduce stress. He must seek
some pleasurable recreation or he will
eventually lose his usefulness. You
have no doubt heard the cliché; “I'd

rather burn out for God than rust out
for the devil.” The spirit of that is
noble and pious-sounding and a per-
son's dedication must come close to the
tenor of the thought. But on the other
hand, if a person can learn how to relax
and not spread himself too thin, his
effectiveness will be magnified.

If a person “burns out” completely,
his influence and contribution ends.

Proper health, rest and balance will
help a leader maintain his ability to
persist. But a leader must be prepared
to recognise the toll upon him, both
emotionally and physically.

Despite our busy schedules, leaders
must practice what we preach in order
not to suffer fatigue or burn out.
Remember the wise leader finds time
to rest, relax and for creative thinking.

PART TWO:

FROM page 28

point in my life; other than the blessings of success that
he has bestowed upon me---along with the health,
strength, talent and will power to execute the assignment
he has given to me and I’m really thankful for that,” he
said.

With the recession still a factor in our country, a
Bahamian resident who wished to remain anonymous
said: " I'm thankful to have a job in times like this when
there are so many people still looking for them and I'm
thankful for a church home where I can grow spiritually.”

Expanding her thanks to her success, Sharon Rolle
told Tribune Religion that she gives thanks to GOD for

the undeniable abilities and talents that she's been
blessed with.

"The doors that have been opened and will continue
to open for me to walk through in order to push me fur-
ther and be more successful. And for the simple fact that
I impact people on a daily basis with my life goals and
accomplishments," she said.

Another lady, Rosemary Gardiner added that she's
giving thanks for life and good health with the fact that
many who thought they would be here are not. " I give
thanks for that. I am also thankful for good family and
friends without them I am nothing!" she said.

Home being where her heart is, Christie Cadet said she
is thankful for a roof over her head and clothes on her
back, "I am giving God all the thanks for his uncondi-
tional love," she said.

Why you are thankful

"Many didn’t get up this morning, but God woke me
up with health and strength and in a sound mind. It's the
simple things that we should be thankful for," said
Adrianna Rolle, thankful for the simplicity in life itself.

A college student studying at the Barry University in
Florida, Pryia Simmons told Tribune Religion that she is
giving thanks for family, friends and good health. " I
thank the Lord for blessing me with great fortune to be
able enough to celebrate thanksgiving with my love ones.
It's through his grace that I can genuinely profess that I
am thankful!” she said.

Thankful for the love of her children, Altonette
Ferguson said: "Basically I’m just giving thanks this year
for my life, my family, especially my wonderful kids, my
guy, a great job and the wonderful friends I have in my
life."
PG 30 ® Thursday, November 18, 2010

RELIGION

The Tribune

(Cy ABUNDANT LIFE BIBLE CHURCH CELEBRATES A HERO

Pastor Ed Allen

Abundant Life Bible Church
“Celebrates the Life, Love,
Labour and Laughter of Pastor
F Edward Allen” A God-fearing
Man, Pioneer, and Hero

“How beautiful are the feet of
them that preach the gospel of
peace,

and bring glad tidings of good
things”! Romans 10-15 KJV



Preseres Edward Allen was
born in the settlement of
Tarpum Bay, Eleuthera, on August
2, 1929. He received his early edu-
cation at the Tarpum Bay All Age
School and the Eastern Senior
School. Later he pursued private
evening lessons with HO Nash and
Cecil Bethel.

In 1944, Pastor F Edward Allen
received Jesus Christ as his Saviour
and immediately became actively
involved in Christian Ministry. He
later began a series of crusades
along with a team which included
Tom Roberts, Rex Major, David
Cartwright, Allan Lee and Marcel
Lightbourne. Together this team
traveled throughout the Bahamas
preaching the gospel and many
souls were won for Christ.

In 1946 at the age of 16 years,
Edward Allen left for Emmaus
Bible School in Canada where he
completed his study in Theology.

Upon his return in October of
1949, Evangelist WH Farrington
introduced him to the Family
Islands of The Bahamas
Evangelism. Pastor Ed Allen's
evangelistic efforts took him too
many parts of the world: the United
States of America, Canada, and the
Caribbean.

Ed Allen took the hand of his
beautiful godly bride Velma Archer
in marriage on March 26,1952. The
union was blessed with two children
Fern Allen Hart (deceased) and
Michael Allen along with two beau-
tiful grand-daughters Lisa Hart
Newman and Makala Allen. One
son-in-law, Bradley Hart
(deceased), one daughter-in-law
Melanie Pintard Allen and one
grand-son in law, Orrin Newman.

On December 31,1977 a small
company of believers gathered at
the old Gospel Bells building at Mt
Royal Avenue, in Nassau to pray
for God's direction and blessing
upon the future ministry of Brother
Ed Allen. At this time, Sister
Agnes Turnquest suggested that
perhaps the Lord was leading in the
establishment of a new work.

A few months before she died
she reiterated that the Lord was
leading in the direction of a new
ministry and gave him the Scripture
Revelation 3:8, “....Behold, I have
set before thee an open door that
no man can shut it:” During this

period he was engaged in evangel-
ism in the Caribbean.

The group fellowshipped at the
home of Brother Richard Gibbs
and later worshipped at the
Bahamas Teachers Union Hall.
The name of the new work was
“Faith Gospel Chapel”.
Apparently there were other
churches in the country bearing the
same name so the name was
changed to ‘Abundant Life Bible
Chapel’ then ‘Abundant Life Bible
Church.’

Abundant Life Bible Church was
erected on its present site and
immediately the gift of evangelism
through the ministry of Pastor
Allen resulted in tremendous
growth. Opportunities for procla-
mation of the Gospel were seized
which included broadcasting via
radio to the nation from a partially
completed building. The Gospel
was preached with power and con-
viction, and did not return void as
the Lord of the Church honoured
the preaching of His word and
added to the Church.

The ground breaking ceremonies
for the new Sanctuary were held on
January 28, 1979. In the weeks that
followed, the members including
Pastor Allen worked faithfully and
labouriously each evening after
work mixing cement, lifting blocks
and assisting the more skilled
builders in the construction of the
church building.

Under the leading of the Holy
Spirit, the ministry of Pastor Allen
increased in numbers. Additionally,
there was an expansion of: the phys-
ical structure; programs; and min-
istries. The Church's radio ministry
grew into the Abundant Life
Gospel Hour and was supplement-
ed by a television ministry that
developed into what is now known
as the monthly church service tele-
cast of ‘Living Abundantly’.

Frederick Edward Allen was
awarded Justice of the Peace in
1985.

In 1989 Pastor Ed earned his
Bachelor of Theology Degree, and
then he was awarded an Honorary
Doctorate Degree from Trinity
College of the Bible and
Theological Seminary in Newburgh,
Indiana in the same year. The
National Religious Broadcasting
Association (Caribbean Chapter)
honoured Pastor Allen in 1990 for
twenty-six years of professional

gospel broadcasting. Then in 1992
he was awarded a Certificate from
"Who's Who' from the British
Commonwealth. He was also the
recipient of a Silver Jubilee Award
in commemoration of the Bahamas
25th Anniversary and was awarded
a CMG, Order of St. Michael and
St. George in 2004.

As Pastor Gil Maycock- puts it,
God has given us a modern day bib-
lically inspired hero, especially
when we examine 1 Corinthians
15:58.

The life of Pastor Ed Allen was
steadfast in God's Word; he remains
faithful, and unmovable, and does
not allow anything to shake his faith
in the gospel. When calamity and
disaster struck his family and
snatched their precious daughter
and son-in law out of their lives,
Pastor Allen was God's hero and
remained unmovable in his faith
and calling to preach the gospel of
Our Lord Jesus Christ.

Pastor Ed was always abounding
in the work of the Lord in his evan-
gelistic ministry in the Bahama
Islands and the region. His innova-
tive work created the 'Gospel Bells
Broadcast’ that was heard around
the world.

He became the first Pastor in the
Brethren Assemblies in the
Bahamas and God used him to
build the largest Brethren Church
not only in the Bahamas, but in the
Caribbean, and the West Indies. He
was one of the pioneers in Christian
Television in the Bahamas on the
Broadcasting Corporation of the
Bahamas (ZNS radio), Yes Pastor
Allen continues to always abound.

God has blessed him to see his
labour is not in vain as two of his
sons in the faith continue his min-
istry in the person of Co- Pastor Gil
Maycock and Co-Pastor Cranston
Knowles at 'Abundant Life Bible
Church’. Pastor Ed Allen has left a
legacy of faithfulness to God that is
a great example for us to emulate.

Abundant Life Bible Church is
celebrating our hero, pioneer and
man of god with a series of events
for the entire month of November.
Events will culminate with an
Appreciation Church Service at
llam in the ‘Rainforest Theatre’
and a banquet at 2pm in ‘The
Wyndham Nassau Resort
Ballroom’ on November 28.

For further information, please
call the church at 393-8134.
The Tribune RELIGION Thursday, November 18, 2010 ®@ PG 31

Happy 93rd birthday,

‘Ma Moody’!



| he Sunday School of St Peter’s Parish in Simms, North

Long Island began their National Children’s Week
Celebration with a bang as they gathered to wish Sarah
Knowles a very special 93rd birthday.

Sarah “Moody” Knowles or “ Ma Moody as she is affection-
ately called served in many capacities in the Anglican Church
at Simms and unfortunately due to blindness she can no longer
attend regular church services.

When Fr Chester Burton learnt of the special occasion, he
and his wife hit the ground running. Mrs Burton made a birth-
day cake and they along with the newly formed Sunday school
paid a visit to the matriarch for a birthday party and commun-
10n.

The group of parents and children saluted Ma Moody for her
many years of wonderful service to the church before singing
the hymn “Through all the changing scenes of life” Fr Burton
said that although he has just arrived in North Long Island a
few short months he has heard so much about the indelible
mark that she has left as a testimony to her family and friends
where she is comforted at her age to witness the birth of her
second, third, and fourth generations.

He then offered her communion in the front of her house
where she resides with her daughter Laverna Knowles.

Fr Burton reminded the young people that at such occasions
as these people should reflect on the sacrifices that these gems
known as “Precious Pearls” have made for us in their many
varied ways.

“Although children may be the future, we still recognise the
great gift God has placed in our lives with persons like ‘Ma
Moody’ who is still able to share her story with the youth of the
island. At the age of 93 she has still many more years to enjoy
because her mother lived to the age of 104.

Sarah Knowles was ever so appreciative of the visit of mem-
bers from St Peter’s whom she once sat with and sang out the
same hymn book with during service.

Fr Burton instructed the youngster to hug and kiss ‘Ma
Moody’ as they left her home as a sign of the love and appreci-
ation they have for her and the ministry that she offered to the
honour and glory of God.


PG 32 © Thursday, November 18, 2010 RELIGION The Tribune

















Cognizant of the fact that these are tough times and that
people are hurting and may not know where to turn, or how
to ask for help, the people of Mount Sinai Baptist
International Ministry North Andros in collaboration with
members of Saint Margaret’s Anglican Parish North Andros
hosted a thanksgiving merriment for the people of North
Andros on Saturday November, 13.

The all day event took place at South Mastic Point Park in
North Andros. The occasion brought joy and hope to the
entire island as hot food, drinks, shoes, clothing, household
items, etc were distributed freely to the people. Senior citi-
zens where also treated to a free pedicure and manicure.
Rev Dr Samuel Fowler, Senior Pastor of Mt Sinai Baptist
International Ministry and the Rev. Fr. Jude Edomwonyi,
Priest-in-Charge of St. Margaret’s Anglican Parish were on
site to offer counseling and spiritual direction.



PHOTOS

1. Some of the Senior
Citizens enjoying their
meal.

2. Senior citizens
receiving Pedicure.

3. Shoes, Clothing,
and Household
distribution stand.

4. Food Stand.

5. Children having fun
in the bouncing castle.
THE TRIBUNE



SECTION E



S tS
THURSDAY, NOVEMBER 18,

2010



Portugal runs
over World
Cup champ
Spain 4-0...
See page 7E

Young Bahamians secure athletic scholarships

By BRENT STUBBS
Senior Sports Reporter
bstubbs@tribunemedia.net

SPRINTERS Charles Miller and
James Carey became the latest
Bahamian athletes to ink their
names on letters of intent for col-
lege and are now preparing to head
to Colby Community College in Jan-
uary.

On Tuesday, the duo signed their
letters at the Bahamas Association

of Athletic Associations (BAAA)
office under the supervision of
Bernard Newbold.

He is in charge of the recruitment
and placement programme for the
Bahamas Track and Field Parents
Association.

“Along with two athletes, there
are two additional athletes, Tre
Adderley and Deandra Deveaux,
who have also secured athletic schol-
arships as well,” said Newbold.

The programme has produced

TRACK AND FIELD

opportunities for six other athletes,
who have already went abroad.
Newbold, who has been working
closely with businessman Harrison
Petty in the association, said they
have been pleased to assist the ath-
letes and he wishes both Miller and
Carey every success as they prepare
for the opening of the spring semes-

ter on January 10.

Miller, a 100/200m specialist from
Queen’s College, said he’s eager to
head off to college and is hoping to
make an impact on the Trojans ath-
letic team.

“T feel good about getting the
scholarship and I’m looking forward
to going over there and competing
very well and earn a good education
at the same time,” said Miller, who
intends to pursue a degree in com-
puter science.

Pacers Win opene

By RENALDO DORSETT
Sports Reporter
rdorsett@tribunemedia.net

win in its season opener gave
the R M Bailey Pacers senior
girls an early claim as a team
to watch in their division of
the Government Secondary School Sports
Association (GSSSA) basketball season.

The Pacers scored a 32-27 win over the
C C Sweeting Cobras yesterday at D W
Davis Gymnasium in the second day of
league play.

Ariel Stuart overpowered the Cobras
on the interior and poured in a game-high
12 points to go along with eight rebounds
and two blocked shots.

Stuart said her team is united and
focused on the ultimate goal of a champi-
onship season.

“We have a lot more players this year
and a lot more players that are hungry to
win,” she said. “We came together as a
team and we know that we can win this
year, we just want to go out there and
prove it against the other teams.”

One player making a difference to the
Pacers’ roster is Government High School
Magic transfer Nekythra Gilcud. She was
the catalyst for the Pacers’ defence all
afternoon long, with six steals on the day,
but also came up with key plays on the
offensive end to seal the win.

Gilcud’s jumper from the top of the key
gave the Pacers a 26-22 lead with just over
two minutes remaining. She also made
one of two at the line to keep the Pacers
ahead in the game’s closing moments.

The Cobras opened the game on a 7-1
run, and maintained an advantage for
much of the first half.

Latasha Armbrister scored on a fast-
break layup to tie the game at 10 with just
over a minute left to play in the first half.

Jaynell Cox regained the lead for the
Cobras shortly after, with a three-pointer
which just beat the half-time buzzer to
give her team a 13-10 lead at intermis-
sion.

The Cobras opened the second half on
a 4-0 run to take a 17-10 run, their biggest
lead of the game.

Jameeka Bannister stopped the run for
the Pacers with a baseline jumper and
sparked a run to place her team back in
contention.

Stuart followed with a three-point play
and Gilcud tied the game at 19 to end the
9-2 run for the Pacers.

Lashan Green regained the lead for the
Cobras at the line only to have Shanell
Frazier tie the game once again at 21.

Stuart’s second three-point play of the
second half gave the Pacers their first lead
of the game, 24-21, and put her team
ahead for good.

Armbrister, who finished with eight
points, came up with a steal at halfcourt
and drove downcourt for a fastbreak layup
just before the final buzzer sounded for
the 32-27 win. Gilcud and Bannister each
chipped in with five points apiece. Cox
and Paula Greene both finished with sev-
en points, while Lashan green added six.

JFK, TOWN CENTER MALL, HARBOUR BAY, MADEIRA RD.,.BLUE HILL RD. GEORGE 5T., CHARLOTTE ST.



Felipé Major/Tribune staff

SEASON OPENER: The R M Bailey Pacers defeated the C C Sweeting Cobras 32-27 yesterday in GSSSA action.

SEE more photos on 2E

Having ran personal best times of
10.84 seconds in the century and
22.20 in the half-lap race, 19-year-
old Carey said he’s confident that
he’s going into a programme that
will only enable him to run faster
and he thanked Newbold and the
association for making it all possi-
ble.

“T feel like he’s helped me a lot to
get the scholarship,” Miller said.

SEE page 3E

Byron gets
All-America
tourney
invite

By RENALDO DORSETT
Sports Reporter
rdorsett@tribunemedia.net

ONE of the Bahamas’ up
and coming stars on the base-
ball diamond has achieved
national acclaim in the United
States.

Byron Ferguson Jr, after
several impressive seasons at
Trinity Christian Academy,
has been invited to partici-
pate in 2011 Under Armour
Pre-Season All-America
Tournament presented by
The Baseball Factory and
Team One Baseball.

The versatile Ferguson has
played several positions for
the Warriors — in the outfield
and on the mound.

As a pitcher, he has report-
edly delivered a 92mph fast-
ball.

Ferguson is a product of the
Junior Baseball League of
Nassau and former star at St
Augustine's College.

He won a junior boys
BAISS title and was also a
Carifta bronze medallist at
the 2009 edition of the Games
in St Lucia.

The tournament is slated to
be held January 14-16 at the
Kino Sports Complex — the
spring training home of the
Arizona Diamondbacks — in
Tucson, Arizona.

Under Armour Pre-Season
All-Americans provide a
showcase and is currently the
only Pre-Season All-Ameri-
can honour which gives play-
ers an Opportunity to partici-
pate on the field.

Ferguson and others were
invited after being selected on
a criteria based on a strong
performance at a previous
Baseball Factory Event or
recommendation by a pro
scout.

The tournament is expected
to feature 20 teams divided
by regions.

And to give scouts a more
in-depth look at the talent lev-
el of young players, will rotate
amongst stations that include
pro-style workouts, videos
and instructions from some
of the top coaches around the
country.

According to the event's
website, pro scouts repre-
senting 24 of the 30 Major
League Baseball teams have
attended the tournament in
2008 and 2009.

With the invite, Ferguson
and others gain an early
advantage for consideration
for the 2011 Under Armour
All-America Game.

Footiongs

Meatball, Ham, Tuna,
Turkey, Pepperoni

Subs & Salads

HEALTHY & ALWATS FRESH



TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM
PAGE 2E, THURSDAY, NOVEMBER 18, 2010 TRIBUNE SPORTS
LOCAL SPORTS

GSSSA Basketball Regular Season

Photos by Felipé Major/Tribume statt

* Te

HTL vg we me
r mm.
at :

|

a eet at ie |
‘
Oey oe oe :

we acon ae

Caaf et

WAS 5] 6”

3] 3”

TORRES

"Best European Winery of the Year.” - Vine Enthusiast Magazine (2006).

AVAILABLE AT SELECT BURNS HOUSE
| & BUTLER AND SANDS LOCATIONS.

OPENING GAME: The R M Bailey Pacers defeated the C C Sweeting Cobras 32-27 yesterday.

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


TRIBUNE SPORTS THURSDAY, NOVEMBER 18, 2010, PAGE 3E

LOCAL SPORTS

Special Olympics Bahamas’ girls



strike gold in soccer tourney

THE Bahamas was well
represented — the girls’ team
won gold and the boys had to
settle for fourth — at the first
Caribbean Soccer Tourna-
ment hosted by Special
Olympics Jamaica.

“Soccer is a new sport for
Special Olympics Bahamas,
and they represented us well.
We are so very proud of our
athletes,” according to Roo-
sevelt Thompson, who accom-
panied the team.

The girls’ team consisted of
Anita Moncur, Trenice Bell,
Alvia Penn, Racquel Moxey,
Shaniqua Newbold, Charleisa
Bain, and Melba Pratt and
was coached by Carmen
Forbes and Gilbert Williams.

The boys’ team was made
up of Rando Morris, Brenville
Dorsette, Marion Nottage,
Adrian Robinson, Clinton
Ferguson, Levonne Imlach,
Amal Johnson and Zekuum-
ba Major and coached by
Vandyke Bethel. Antesha
Culmer was team manager
and sports director.

Boys settle for
fourth place

As Special Olympics
Caribbean introduces new
sports in the region, efforts
continue to provide competi-
tion opportunities for the ath-
letes who train year-round in
their respective sports — track
and field, swimming, tennis,
bocce, bowling, soccer, bas-
ketball and judo.

The Bahamas is expected
to host the annual Basketball
Invitational Tournament on
December 4.

And next year, a 40-mem-
ber team is expected to travel
to Athens, Greece, to partici-
pate in the Special Olympics
World Games, celebrated
every four years.

The last World Games was
held in 2007 in Shanghai, Chi-
na.

Team Bahamas brought
home 35 medals.



BIG SHOT: Amal Johnson prepares for a shot on goal.



FANTASTIC FOURTH: Members of the boys’ team with coach Vandyke Bethel (centre back row).

Bahamians secure scholarships

FROM page 1E

“He’s made sure that we have
gotten the best deal out there
so that we can also go over
there and get a good educa-
tion.”

A former basketball player
at Jordan Prince Williams
High School in New Provi-
dence up to the time of his
graduation in 2005, Carey said
he was competing in a local
church track meet when he
was spotted by Tonique
Williams-Darling, who
encouraged him to get
involved in the sport.

“My only regret is that I
didn’t start running track
sooner,” said Carey, who has
only been competing for the
past season. “I enjoy it and
now I’ve been able to get a
scholarship through it.”

As he prepares to travel
along with Miller as a com-
puter science major, Carey
noted: “I think it’s a good
opportunity. It’s a good pro-
gramme, we should get some
good training and at the same
time get a good education.”

The 22-year-old Carey, who
has ran a PR of 22.02 in the
deuce and 48.68 in the quar-
ter-mile, said his goal is to
become the best Trojan ath-
lete at Colby Community Col-



SCHOLARSHIPS: Sprinters Charles Miller and James Carey are
preparing to head to Colby Community College in January.

lege.

“T think Bernard has done a
good job. He’s worked hard
to get us in college,” Carey
said. “He’s been keeping
updated on everything that
has been going on. Now we
are set to travel.”

The duo have not finalized
their travel date, but they
both indicated that they

entities available.
they're gone, they're GONE.

Promotion ends November 30, 2070,

intend to leave at least a week
before school opens on Janu-
ary 10.

They will be joining female
sprinters Shauntae Miller, the
elder sister of World Jr 400m
champion Shaunae Miller, as
well as Gortia Ferguson and
Grand Bahamians Mikarla
Swann and Gabrielle McIn-
tosh.

Ue NCE
The National Insurance Board
of the Commonwealth of The Bahamas

~ Important Notice to Pensioners ~

The Nattonal Insurance Board wishes to advise the public that pension payments
for the month of November will not begin on Thursday, November 18, 2010, as
previously scheduled. Instead, payments for both November and December will
begin stmultaneously from November 26 at the usual times and places. Increases
and adjustments arising out of the July 2010 amendments to the Benefits Regulations
will also be reflected in the November 26 pension payment period.

The National Insurance Board apologizes for any inconvenience caused by the

delay in payments.





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PAGE 8E, THURSDAY, NOVEMBER 18, 2010 TRIBUNE SPORTS
LOCAL SPORTS

HIGHLIGHTS: St Andrew ’s Hurricanes win BAISS title



FOUR STRAIGHT!: The St Andrew's Hurricanes senior |
boys overcame a stunning game one loss to claim |
their fourth consecutive title with a thrilling 7-6 win
over the Nassau Christian Academy Crusaders during | |
the Bahamas Association of Independent Secondary
Schools softball championships.

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PAGE 1

N N A A S S S S A A U U A A N N D D B B A A H H A A M M A A I I S S L L A A N N D D S S L L E E A A D D I I N N G G N N E E W W S S P P A A P P E E R R Kerzner attacks Baha Mar contract breach C M Y K C M Y K V olume: 106 No.300THURSDAY, NOVEMBER 18, 2010 PRICE 75 (Abaco and Grand Bahama $1.25) WEATHER CLOUDS, SUN, SHOWER HIGH 85F LOW 72F Press statement is released in rare move McCOMBO OF THE DAY N E W The Tribune THEPEOPLESPAPER BIGGESTANDBEST L ATESTNEWSONWWW.TRIBUNE242.COM YOURSOURCEFOROBITUARIES N N O O B B O O D D Y Y B B U U T T N N O O B B O O D D Y Y B B E E A A T T S S T T H H E E T T R R I I B B U U N N E E I I N N S S I I D D E E T T O O D D A A Y Y C C A A R R S S ! C C A A R R S S ! C C A A R R S S ! L L O O A A D D S S O O F F J J O O B B S S A A N N D D H H E E L L P P W W A A N N T T E E D D ! T T H H E E T T R R I I B B U U N N E E S S C C L L A A S S S S I I F F I I E E D D S S T T R R A A D D E E R R B y PAUL G TURNQUEST Tribune Staff Reporter pturnquest@tribunemedia.net AS the debate waged in the House of Assembly yesterday over the labour reso-l ution for the Baha Mar pro j ect, Kerzner Internationals chairman and CEO Sol Kerzner warned thata pproval of this development would be a clear breach of an investment a greement signed with A tlantis, the now largest private employer in the Bahamas. In a rare move, Mr Kerzn e r issued a press statement to the media yesterday pointing out that when they were induced into make their substantial invest ment in the Bahamas, Kerzners Heads of Agree m ent embodied a provision g uaranteeing the company that if they made their investment, no subsequent SEE page 11 A TAXI DRIVER who was driving two tourists over the old Paradise Island bridge lost control of his vehicle, barrelling down the bridge and crashing into the plaza near Customs Computers on East Bay Street yesterday. The driver and one of the tourists sustained minor injuries. Police say the driver was unable to brake his van as he was descending the bridge shortly after 11am. The vehicle was carrying two women tourists, one of whom had to be taken to the hospital for treatment. TAXIDRIVERANDTOURISTINJUREDINCRASH By TANEKA THOMPSON Tribune Staff Reporter tthompson@tribunemedia.net A WAR of words broke out in the House of Assembly yesterday between members of Government and the Opposition over the sale of 264 acres of land in Cable Beach to facilitate the $2.6 billion Baha Mar development. Kennedy MP Kenyatta Gibson, who moved the government's Baha Mar labour resolution, claimed the Christie administration was so overwhelmed by the resort's billion dollar price tag that they were willing to sell the "birthright" of future generations for "peanuts." He also accused the Oppo sition of engaging in secret deals, back-room arrange ments and implementing confidential clauses during their Baha Mar negotiations. "Without batting an eye lid, they gave away Cable Beach, Goodmans Bay, the old Hobby Horse Hall and parts of the Killarney district, and then sought to cover up the deal with silence in the face of inquiries from the Bahamian people," said Mr Gibson of his former Cabinet col leagues. "The Bahamian people deserve better than this Row in House over land for Baha Mar SEE page 12 By NATARIO McKENZIE Tribune Staff Reporter nmckenzie@tribunemedia.net THERE is no provision in Bahamian law to allow the courts to stipulate or recommend how much of a life sentence an inmate must serve before being eligible for parole, Court of Appeal President Dame Joan Sawyer stated in a judgment yesterday. The Court of Appeal yesterday handed down the deci sion relative to the appeals of three inmates: Forrester Bowe, Trono Davis and Philip White, who are all currently serving life sentences. The appeals of all three inmates were, however, dis missed by the appellate court yesterday. Bowes appeal had been argued by attorney Keod Smith, while White and Davis were represented by attorney Jerone Roberts. It had been argued that the appellate court, as well as the Supreme Court, could stipulate a fixed period during the currency of a life sentence which persons sentenced to life must serve before becoming eligible for parole. In her ruling yesterday Dame Joan noted: This court has no power under the C OUR TS CANT STIPULATE LENGTH OF LIFE SENTENCE BEFORE PAROLE SEE page 14 F e l i p M a j o r / T r i b u n e s t a f f

PAGE 2

By NOELLE NICOLLS Tribune Staff Reporter nnicolls@tribunemedia.net T HE Progressive Liberal Party (PLP announce a new set of ratified candidates for the next general election. Next week there are likely to be new announcements, Bradley Roberts, party chairman, told The Tribune. S ince March, the PLP has ratified eight candidates who are expected to contest seats in the next general election. It is not yet clear when the general election will be held, although it must be called no later than May 2012. This is at the discretion of the prime mini ster. According to Mr Roberts, the PLP is currently considering new nominations in constituencies occupied by Free National Movement (FNM Members of Parliament. Renominations will come at the end, he said. T he FNM currently holds 24 of the 41 seats in the House of Assembly. The PLP holds 17. So far, St Cecilia MP Cynthia Pratt is the only PLP MP to have publicly stated an inten tion not to seek renomination. In March, the National Gen eral Council of the PLP met toa ccept the recommendations of the Candidates Committee and ratify Senator Jerome Fitzgerald to run for the Marathon constituency, Senator Michael Halkitis for Golden Isles, Sen ator Hope Strachan for Sea Breeze, and political newcomer Dr Kendal Major for Garden H ills. Senator Dr Michael Darville in Pineridge and Greg Moss in Marco City were ratified in June. In August, financial services consultant Jerome Gomez was ratified for Killarney and podi atrist Dr Daniel Johnson was ratified for Carmichael. This confirms at least five new faces on the PLP slate. The announcement next week is not expected to complete the list of new nominees, although it will bring the PLP closer to establishing its complete slate. Kennedy It is unclear whether the u pcoming announcement will settle the matter of the K ennedy constituency. Attorneys Derek Ryan and Dion Smith are said to be frontrunners in that area. Mr Roberts would not comment on the constituencies involved in the upcoming announcement. Sources within the party have told The Tribune that the push to roll out candidates is a parto f a new image the PLP is seeking to project. The party w ants to appear proactive instead of reactive and convince the public it is capable of going toe-to-toe with the FNM. C M Y K C M Y K T HE TRIBUNE THURSDAY, NOVEMBER 18, 2010, PAGE 3 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM B y NOELLE NICOLLS Tribune Staff Reporter nnicolls@tribunemedia.net THE Free National Movement is still in governance mode despite the r ecent announcement by P rime Minister Hubert I ngraham confirming his p lan to seek re-election in t he next general election. It will be distinctly premature for persons to act as if the government has signalled the intention of going back to the people early, when in fact the government has not sent a sign al that its intending to go back early, Carl Bethel, FNM chairman, told The T ribune y esterday. We still have at least a y ear and a half in our mandate and it would seem tobe more in the economic i nterest of Bahamians that the government should focus this time on quality governance. Setting the date for the next election is the respon sibility of the prime minist er, although constitutiona lly it must be called no later than May 2012. I can only say that right n ow the party has not giv en any official considera tion to the question of which candidate it will fieldi n the next election. We have not gone through the process of nomination or renomination, so it is impossible to speculate on either the intention of any incumbent MP or thei ntention of the party, s aid Mr Bethel. Ratified D espite the uncertainty a bout the election date and t he finalisation of constituency boundaries, the Progressive Liberal Party( PLP) has gone ahead with candidate selections. Since March, the party has ratified eight candidates, andnew announcements are expected next week. Mr Bethel said the government has to be careful what signal it sends, because any suggestion that it plans to call an early election would make the process of governing all the more difficult until the issue of an election is resolved. It is always the judg ment of the governing par ty as to when to send that signal to the people. Suffice to say, once that signal is sent it becomes difficult to focus solely on govern ing. Governance becomesa somewhat secondary issue because people will focus their attention on elections rather than the governing process, he said. Questioned about the prime ministers declara tion this weekend, Mr Bethel said it would be a little bit premature to use that as evidence of the par tys change in focus. He said the signal will likely come when the FNM starts the process of nomination and renomination. I think the Bahamian people can confidently expect that the party will act at the appropriate time and that there will not be any undue delay on our part once we have determined it is the appropriate time to commence that process. At this time we are more concerned about good governance. Politics will take care of politics, said Mr Bethel. FNM still in governance PLP almost ready to announce new set of general election candidates JEROME FITZGERALD BRADLEYROBERTS C YNTHIA PRATT POLITICS HUBERT INGRAHAM LOCAL NEWS

PAGE 3

OPPOSITION MP for Fox H ill Fred Mitchell yesterday took exception to the implication that he with others of the former PLP Cabinet in their negotiations with Baha Mar sold off the birthright of countless generations ofB ahamians for peanuts. The remark Mr Mitchell was referring to was made bythe FNMs MP for Kennedy Kenyatta Gibson during his first movement of a resolu-t ion on the $2.6 billion Baha Mar project in the House of A ssembly. M r Gibson in his address said that he was advised that the principals of Baha Mar c ould not believe their good f ortune in meeting national l eaders who were willing to sell off the birthright of countl ess generations of our peo ple for peanuts. They were laughing and c ontinue to laugh all the way t o the bank. The Chinese ExportImport Bank that is, Mr Speaker, sir, the Kennedy MP said. Taking offence to this r emark, Mr Mitchell said that what Mr Gibson was accusing him of was tantamount to treason and should be withd rawn. The point is this, we sat as a Cabinet, they sit as a Cabinet, we make a decision whichi s for the peace and good order of the country. How does that translate into the s elling off of the birthright of a generation? How does that d o so? And to say so is making an imputation that you have somehow sold out the country, Mr Mitchell said. Answering the Fox Hill MP was the FNMs Leader ofG overnment Business Tommy Turnquest who said that Mr Gibsons remarks were not necessarily directed at the PLP Cabinet, although he did admit that the Kennedy MPm ay have meant to criticise the former Cabinet. In any e vent, Mr Turnquest said that h e did not think that the remarks warranted a retraction. T o this, Mr Mitchell said t hat the reference to nationa l leaders being willing to sell the birthright of Bahamia ns has to refer to those per sons who were sitting in Cabi net at the time and who were t he negotiators. I must take exception to t hat, Mr Mitchell told the parliament. I agreed with these proposals, sitting as national leader of the Bahamas. Never once did Ie nvisage selling out the birthright of the Bahamas. And to impute such a motive to me is extraordinary, extraordinary! Whether he believes it or not, but to subscribe that motive to me iss imply improper. And it goes beyond a point of order, it is a point of privilege, MrM itchell exclaimed. After some continued debate on the matter betweenM r Turnquest, Speaker of the House Alvin Smith and the PLPs Leader of Opposition Business Obie Wilchcombe,n o additional action was taken to address Mr Mitchells concerns. M r Mitchell reserved his point of privilege on the matter until he could review theo fficial transcript of parliam ents proceedings yesterday. C M Y K C M Y K LOCAL NEWS T HE TRIBUNE THURSDAY, NOVEMBER 18, 2010, PAGE 5 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM t ftf ttff ttf THE appeal hearing of a man convicted of the attempted m urder of a police officer during a bank robbery two years ago had to be adjourned for a second time yesterday. James Miller appeared in the Court of Appeal on his appeal against conviction and sentence. Miller and Anthony Williamsw ere convicted and sentenced to life imprisonment last June for the attempted murder of woman Corporal 2445 Natasha Blackwho received pellet shots to her face while responding to the a rmed robbery of ScotiaBank on East Street and Soldier Road in July 2008. Court of Appeal President Dame Joan Sawyer noted that on t he last occasion the court had ordered that the registrar a ppoint new counsel for Miller. However, Miller informed the court that no counsel had been appointed to him. The matter was adjourned to December 7. Miller and his co-accused Williams were also convicted on five counts of armed robbery, for which they each received 25 years on each count, and one count of grievous harm for whicht hey were each sentenced to serve five-year sentences. Senior Justice Jon Isaacs also sentenced each of the men to ten years in prison for possession of a firearm with the intent to endanger a life. T he men were further convicted of three counts of possession of a firearm with the intent to resist lawful arrest. On the first two counts, they were each sentenced to 10 years; on the latter count, they received another 14 years. The sentences were ordered to run concurrently. COURT ADJOURNS APPEAL HEARING OF MAN CONVICTED OF ATTEMPTED MURDER Mitchell hits back at MPs comments over Baha Mar BAHAMARROW: F red Mitchell

PAGE 4

By MEGAN REYNOLDS Tribune Staff Reporter mreynolds@tribunemedia.net A N AGONISINGthreed ay search for an Atlanta sailor who disappeared whena racing boat capsized in the Abacos was called off by the R oyal Bahamas Defence F orce yesterday. L aura Zekoll was one of four who were thrown from the racing yacht near Lynard C ay in East Abaco at around 11pm on Saturday, sparking a search and rescue effort led b y the RBDF. S enior Lieutenant Carlon Bethell said the DefenceF orce dispatched an aircraft i mmediately after the accident to search for Ms Zekoll as three others who had been on board the racing yacht swam to shore. Rescued The three who made it to L ynard Cay were rescued by t he United States Coast G uard, and the RBDF continued the search for Ms Zekoll by air, land and sea. A merican media reports state Ms Zekoll was hired by Atlanta couple Richard and Debra Ross to help sail their boat from Virginia to the Caribbean and they set off for the Virgin Islands more than a week ago. T he boaters encountered high winds and ocean swells u p to 20ft high as they sailed t hrough the Abacos on Satu rday night. Sr Lt Bethel said there w ere just four people on b oard, three who survived and were brought to New Providence for treatment, and Ms Zekoll, who has yet to be found. Search efforts launched by the RBDF on Saturday n ight were assisted by the US C oast Guard until Tuesday. T he RBDF then retracted t heir search and rescue teams y esterday. S r Lt Bethell said: The US Coast Guard rescued the three who had made it to shore and they were brought to New Providence, but we have been fully engaged in the search by air, land and s ea. After nearly four days we called it off because of the unlikelihood of finding her. M s Zekolls sister Angie Cushwa, who lives in Gwinn ett County, Atlanta, Georg ia, told her local television s tation WSBTV Channel 2 Action News how her familya nd friends will travel to the B ahamas later this week in the hopes of finding the missing woman. Volunteer She said Ms Zekoll was an a ctive volunteer and great h elper of the poor and vuln erable. H er arm was severed in a m otorcycle accident when s he was just 18 and successfully reattached in surgery, allowing her to live an active life. If anybody could survive this, she has the tenacity, Ms Cushwa told the televis ion station. She could do it. C M Y K C M Y K LOCAL NEWS PAGE 6, THURSDAY, NOVEMBER 18, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM 3DOP&D\DULQDtHVLGHQFHV6HHN ([SHULHQFHGHDO(VWDWHURIHVVLRQDO2XULQWHUQDWLRQDOPDUNHWLQJFDPSDLJQVKDYHFUHDWHG DQXQSUHFHGHQWHGLQWHUHVWRQWKLVXQLTXHDFUH JDWHGGHYHORSPHQWRI
PAGE 5

C M Y K C M Y K LOCAL NEWS PAGE 8, THURSDAY, NOVEMBER 18, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM THANKS to Santa's Helpers and Richie's Calypso, the youngsters at the Grand B ahama Children's Home will have new shoes for the holidays. Vicky Martell of Santa's Helpers said she has always wanted to help the home and this year with her donations coming in early, she knew that the shoes would be a great gift. We were able to donate dressy, school and everyday shoes thanks to our partners Riches Calypso, and we snuck in a few toys to keep the boys busy over the Christmas too," said Ms Martell. SANTA'S HELPERS DONATE TO GB CHILDREN'S HOME D ONATION: J ean Hivert, GBCH executive committee member and Vicky Martell of Santa's H elper's along with some of the shoes and toys that were donated to the home. Persons wishing t o donate to the home can go to the website www.gbchildrenshome.com. MOSCOW RUSSIA'S s tate-controlled oil firm has teamed up with other companies planning t o tap Cuba's offshore oil fields in the Gulf of Mexico, according to Associated Press. Gazprom Neft has signed a deal to a cquire a 30 percent stake in a project o perated by Malaysia's Petronas company to develop four offshore blocks just tens of miles (kilometers coast. Gazprom Neft said in a statement that the project is to be financed proportionately by participation shares. The agreement will take effect following i ts approval by the Cuban authorities. Gazprom Nneft chief Alexander Dyukov said the deal will enable the com p any to further extend its geographic reach a nd strengthen its position in the global market. He said the plans will promote the company's growth and boost production. Russian firm takes stake in Cuban oil pr oject

PAGE 6

THEBNTs annual holiday celebration, the Christmas Jollification will open the holiday season on Friday evening at The Retreat on Village Road with its special members evening. BNT members will be treated to a special evening at which the decorated Godfrey Higgs Pavilion, compliments of Jim Whitehead of the Nassau Florist, will be unveiled. F ood will be provided by Alexandra Maillis and Somethings Different Edible Art; cocktails will be sponsored by Bristol Wines and Spirits. We are truly grateful to Bristol Wines and Spirits, Bahamia Rental, Jim Whitehead, Asa H Pritchard, Alexandra Maillis andS omethings Different for supporting the BNT and providing this special evening to our members who support the national park system and the work of the BNT, said Lynn Gape, BNT deputy executive director. The event opens to the general public on Saturday from1 1am-5pm and on Sunday from noon to 5pm. The arts and crafts exhibition features over 75 artistswho will have crafts, jewellery and gift items on sale on Saturday and Sunday. Andy Albury of Hope Town, Abaco will have his wooden half model sailboats; Joanne Bradley will feature handmade woodenb oxes and Christmas ornaments; Kimberly Roberts of Bahama Dawn Designs returns with art quilts, home dcor items, ceram ics and unique original jewellery; Linda Sands returns with her cork work as does Linda Turtle with her stained glass ornaments and designs; Yvette Jordan ofI sland Flava will have her original Junkanoo dinnerware and Dorothy Miller of Long Island joins the Jollification with her award winning straw work; unique jewellery will be offered by Pirates and Pearls. The Jolly Market, the BNT said, has become the happening area of the Jollification. This area features homemade jams and jellies, cakes, jewellery, hand-painted tiles and straw designs from a number of artis ans. Returning with their products made from the Neem tree are Abaco Neem. And for pet own ers, Amanda Meyers and Lynn Gratton will have home baked treats as well as special T-shirts with Pet Friendly messages. The Bahamas Humane Society will be on hand with their ID tags which might help your pet find his way home and Proud Paws will have wonderful toys that will keep your pets tail wagging throughout the holiday season, the BNT said. There is also a special plant a rea where the Gardens Nursery, Flamingo Nursery and the Potting Shed will have unique specimens on sale. For the kids, there is the childrens crafts area sponsored by Asa H Pritchard which will feature nature oriented and also Christmas crafts. There will be face painting, ice cream and cotton candy. For all other culinary needs, the chefs at Jollification will be preparing both Bahamian and international cuisine. Inner Wheel of East Nassau will have home baked goods; Hands for Hunger will serve soup, and the Batter Girls will feature their conch fritters, while t he Caribbean Spice Caf will feature Jamaican jerk cuisine. The Annunciation Greek Othodox Church will provide patrons with mousaka, pastitsio, grilled lamb and baklava. Philipine Delights will provide an Asian flavour and Blue Caviar will feature French and Italian c lassics. Bahamian cuisine is well represented by Christine Rolle of a Taste of Briland. For those who just want an old fashioned hamburger the East Nassau Rotary Hamburger Van will be serving their world famous in the Bahamas burgers. We hope that the event will be well supported this year. Many of our exhibitors work through the year preparing their crafts for the event and it is an excellent opportunity to shop for high quality Bahamian crafts, said Ms Gape. TOUR operators in New Providence are being encouraged to offer more land-based tours which provide visitors with a unique experience of Nassau. Speaking at a one-day workshop organised by the Ministry of Tourisms Cruise Department, Tourism Director General David Johnson said his ministry is focused on helping tour operators generate more revenue while meeting the needs of cruise lines and passengers. The workshop was designed to assist tour operators with business plans and practices that could strengthen their operations and improve the overall Bahamas experience for visitors. The effort to increase business opportunities from the cruise sector has often been a complex one in the Bahamas, said Mr Johnson, but the Ministry of Tourisms intention is to improve revenue and hopefully profits for them and other small business operators. This whole area of tour excursion spending, it is a competition for that same dollar, he said. There needs to be a compromise arrived at. We need to think in terms of how we earn more but recognising that unless the cruise companies are in a position where they can get a benefit, it is not going to happen. So we have to develop and design your tour product, your experiences in a way that it makes commercial sense for you, but that the supplier who you are looking at to bring that business, that they see a return too. It then becomes a win-win situation, Mr Johnson said. The ministry is currently in discussions with cruise lines on how the interests of all industry players can be met. However, Mr Johnson said his impression is that individuals and groups in the Bahamas still are not sufficiently focused on experiences that offer a person an itinerary into Nassau, somet hing that compliments the other experiences they would have in other ports of call. We are the Caribbeans leading water sports experience offer, he said. We have an abundance of that. We have less in terms of land-based experiences, and remember almost 60 per cent of our visitors are coming on three and four-day cruises and many of them are repeat visitors. M r Johnson said that there is a great oppor tunity to expand land-based tours so that visitors feel that they are getting a new experience. He also pointed out that businessmen can access several concessions that have been put in place through legislation. These include the new City of Nassau Revitalisation Act, 2008 and the recent amendments to the Hotels Encouragement Act. C M Y K C M Y K LOCAL NEWS T HE TRIBUNE THURSDAY, NOVEMBER 18, 2010, PAGE 9 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM MERCEDES-BENZE-Class, C-Class, CLC-Class & ML-Class Tyreflex Star Motors is the Exclusive Authorized Dealer for Mercedes-Benz, Subaru and Isuzu vehicles. New &Used Cars &Trucks Sales, Parts &Service Call us at 325.4961 or visit our showroom on Wulff Rd today! Top of the Line Performance Vehicles only at Tyreflex Star Motors. TYREFLEX STAR MOTORSCall us today for your new Top of the Line Vehicle at 325.4961Wulff Road, P. O. Box N 9123, Nassau, The Bahamas Fax: 323.4667 SUBARU ForesterISUZU D-MAX Trucks %4+2674'*17)*6 2 ) 2 *M_IZMWNMZ[WVIT.I^WZQ\Q[U Its beginning to look a lot like Christmas at the BNT Jollification JOLLIFICATION: Tiffany Wildgoos with her Christmas Crafts. Tour operators encouraged to give land-based tours TOURISM DIRECTOR General David Johnson addresses tour operators as permanent secretary Hyacinth Pratt looks on. D e r e k S m i t h / B I S

PAGE 7

C M Y K C M Y K LOCAL NEWS PAGE 10, THURSDAY, NOVEMBER 18, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM PricesareperpersoninUSDollars,subjecttoavailabilityininsidecabin.Cruiseonly. Gratuities,governmenttaxesandotherfeesareadditional.Guestsareresponsible forallthenecessarytraveldocumentation.Somerestrictionsmayapply.Forprices intripleoccupancy,bookingpolices,cancellationsandprocedurestoembarkin NassaurefertoPremierTravel.ThesepricesarevalidwhenthisAdwasprepared on11/01/10.ShipsareregisteredintheBahamas. InternationalRepresentativesof RoyalCaribbeanInternationalforPuertoRico,theCaribbean andtheBahamas FreedomoftheSeasWESTERN CARIBBEAN 7 NIGHTSPortCanaveral/Labadee/Falmouth GrandCayman/Cozumel/PortCanaveralDBLQUADJAN 09$550$385JAN 23500446FEB 06550385MAR06550425Port charges & NCCF: $269.78 p/p. LibertyoftheSeasWESTERN CARIBBEAN 7 NIGHTSMiami/CostaMaya/Belize GrandCayman/MiamiDBLQUADNOV 17$540$440DEC05470400JAN02850wlJAN 23750725Port charges & NCCF: $267.40 p/p. ROYAL CARIBBEAN INTERNATIONALAND PREMIER TRAVEL ANNOUNCES THE BEST RATES IN THE MOST INNOVATIVE CRUISE SHIPS AllureoftheSeasS MBOARDING IN NASSAU!EASTERN CARIBBEAN 6 NIGHTSNassau/St.Thomas St.Maarten/Ft.LauderdaleDBLQUADDEC 13$790$815MAY 02790614MAY 16890710MAY30874804Port charges & NCCF: $291.64 p/p.Prepaid gratuities: $70.00 p/p. NavigatoroftheSeasWESTERN CARIBBEAN 5 NIGHTSFt.Lauderdale/Labadee/OchoRios/Ft.LauderdaleDBLQUADNOV 15$80$181NOV 2980210DEC 13110188Port charges & NCCF: $199.44 p/p.WESTERN CARIBBEAN 7 NIGHTSFt.Lauderdale /Cozumel / Grand Cayman Falmouth / Labadee/ Ft.LauderdaleDBLQUADJAN 03$490$455Port charges & NCCF: $282.96 p/p.Forreservationscallusnow! P r i c e s s t a r t i n g f r o m THE US Embassy in Nassau and US Immigrations and Customs Enforcement hosted a seminar at the British Colonial Hilton this week on combatting trafficking in persons, forced child labour and child sex tourism. U S Ambassador to the Bahamas Nicole Avant provided the keynote address and commended the government of the Bahamas for their increasingly proactive approach in addressing this high priority human rights issue. Speaking to the need for an urgent and b road-based international response, Ambassador Avant noted that the United States government is fully committed to ending human trafficking in all its forms by transforming public perception, and by working with law enforcement agencies and policy makers around the world to improve the protection of exploited men, women and children. Over the three-day seminar, participants and presenters shared information and best practices designed to bolster efforts to combat human trafficking. Experts from across the US shared their experiences and struggles in human trafficking prevention, investigations, prosecutions and victim assistance. Ambassador Avant concluded h er remarks by imploring the participants to fight against this modern-day form of slavery just as hard as we fought to end the slavery of the 19th century. Bahamian government representatives from the Ministry of National Security, Ministry of Labour and Social Developm ent, Ministry of Foreign Affairs, Department of Immigration, Royal Bahamas Police Force, Royal Bahamas Defense Force, National Emergency Management Agency, Office of the Attorney General, and nongovernment organisations attended the seminar. US Ambassador calls for end to modern-day slavery US AMBASSADOR: Nicole Avant B y DENISE MAYCOCK Tribune Freeport Reporter dmaycock@tribunemedia.net FREEPORT Terreve College has received official recognition from the Ministry of Education to offer Bachelor degrees in association with Keiser University. T he Freeport-based institution has formed an articulation agreement with Keiser in five areas of study, including business administration, accounts, criminal justice, primary education, and accounting computer software systems management. Terrance Archer, president of Terreve College, said recognition from the ministry has opened the door of opportunity for more working individuals to attend the college, which is now awaitinga pproval from the Department of Public Services so government workers can enroll in the Bachelor degree programmes that are being offered. We were first facilitating Keisers programme in which students would be able to receive a Keiser degree, but now, if we want to as an option, we can offer the Bachelor programme at Terreve for a very affordable rate, and we are pleased that the Ministry of Education has granted that, he said. Terreve College opened 12 years ago as a tech nical institute. It offers high school equivalency diploma, short term certificates and diploma courses, as well as associate degrees. The offices are located in Nyos Grace Plaza, and classes are held at the Bishop Michael Eldon High School in the evenings. Plans are also under way to expand to Nassau and Abaco. Mr Archer expects enrollment at Terreve to pick up in January now that their Bachelor degree programmes have been accepted by the ministry. Former educator Donald McCartney, a senior official at the Department of Public Services, said receiving recognition is important because it not only means that degrees offered by Terreve are accepted by the Ministry of Education but also by private companies. According to Mr Archer, the Bachelor pro gramme is an accelerated 18-month programme. He said Terreve has enrollment every month so students do not have to wait the usual three to four months as required at other tertiary institutions. Individuals that have been left behind by some other institution which has closed their doors or discontinued the programmes can enroll anytime at Terreve, he said. Persons coming to Terreve do not have to worry about the clutter or plethora of classes being heaped on them all at one time in a given quarter because we do one course per month for the entire term. This allows students at the end of the day a chance at having a very solid grade point average, and Keiser has been doing this in its programmes, which have been very successful over the years. Mr Archer said Terreve has also targeting enrollment of actual high school students by introducing a pilot programme that allows 10 and 11 grade stu dents to enroll in study towards an associate degree. We have visited all of the high schools on Grand Bahama telling them about the pilot programme, so by time the student graduates from high school they will also be graduating with an associate degree, he explained. Mr Archer said Tabernacle Baptist Academy is the only school, so far, that has taken advantage of the programme. TERREVE COLLEGE GETS RECOGNITION FROM MINISTRY

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i nvestor would get more favourable terms. The statement said: Although we were confi-dent in our abilities to ree stablish the Bahamian tourism industry at that time, we did so in the face o f truly dire economic c onditions. Accordingly, w e insisted upon most f avoured nation treatment, w hich would ensure that n o subsequent investor would be given advantages that we never enjoyed. Since our first investment, we have always found Government irre spective of the party ino ffice to be a faithful p artner who has justified our initial and subsequent c onfidence in the Bahamas a s an investor. We have i nvested more than $2.3 billion over the course of our build-out of the threep hases of Atlantis, increasing our room count from approximately 1,100 in 1994 to over 4,000 today. We have grown the Bahamian workforce from approximately 1,200 e mployees when we comm enced operations in 1994 t o nearly 8,000 full-time employees today, not to m ention the indirect employment that our investment has generated in the community. Fur-t hermore, we have spent m illions on training pro grammes to develop and improve the skills and professionalism of our work force, which has allowed Atlantis to be rated among the top resorts in thew orld, he said. Mr Kerzner went further, outlining that in their single largest investmento f approximately $1 bil lion for phase three, Atlantis again signed another Heads of Agree ment with the then PLP government in 2003. Among the many requirem ents that the government i mposed under this and prior agreements, Mr Kerzner said was a strict rule that at least 70 per cent of the total construction labour force would be Bahamian.. However, with Baha Mars proposal of some 8,150 Chinese labourers, Atlantis offi cials insist that this new deal with the Cable Beach developer will constitute a complete reversal of this previous standard. Adding to his chair mans comments, Kerzner Internationals managing director George Markan tonis informed The Tribune yesterday that they i ntend to discuss this b reach in their Heads of A greement with the gove rnment. You cant put in one t hing in an agreement and then do another thing. And really it is as simple as that, Mr Markantonis said. Certainly as Mr Kerzner has said, and reviewing i t with our board, the reas on we have Heads of Agreement is to protect t he investor. And frankly a n agreement as indicated i n our statement represents a solemn promise by the country for not only usb ut it lays out the rules for any subsequent investor. Our observation of this would be that the terms in our agreement are not being met, and as we said we intend to discuss this further with the govern m ent as to how this can be corrected, he said. Mr Markantonis added t hat he could not discuss further how this matter will be addressed with the government, save tos ay that they will see how t hose discussions develop and will inform the gener al public as such. Initially what we are doing with this statement is to make people aware of the situation. I can telly ou that the government i s certainly aware, he added. Fearing that there could be cannibalism in the marketplace with a new 3,000 room development on Cable Beach, Mr Markantonis said they are very cynical that this community can handle such an increase in hotels rooms in the same high-end market as Atlantis all at one time. At the very least, a project of this size should be phased in over many years, as we have phased in our project over many years. And the reason for that is that right out of the gate the tourism infra structure needs to catch up to additional demand. We need airlift to be grown and developed. It is not all going to grow and develop in one day just because a nother 3,000 luxury r ooms opened. And I t hink that is very critical. P eople may say, well that is easily done, and I will t ell you right now it is not. I will tell you that the statistics that we have now from the Promotion Boards just for the month of November 2010 to December 2009, overall airline data reflects departures are down 26 per cent and seats are down 19 per cent from just last year which was supposed to be a terrible year. Let me tell you what that equates to, 347 fewer a rrivals in the month of November this year. Fewer. Now is it plausible that s omeone can just go and a dd another 3,000 luxury r ooms and find the cust omers where? That is what we mean by infrastructure. It is one t hing to go and say we will start with 1,200 rooms like Atlantis did in 1998 with the Royal Towers. Well we didnt bring on t he third phase until 2007 w ith the Cove and the Reef, until we were comfortable that we were able to establish new channels of business, he said. When approached last night for a comment on M r Kerzners statement, P rime Minister Hubert Ingraham indicated that h e had already voiced his position on the deal during his televised press conf erence on Sunday. At that t ime Mr Ingraham indicate d that while the governm ent was in favour of g ranting approval for the B aha Mar project, he was still not necessarily in f avour of a single phased development a position Mr Kerzner himself agrees with. In his press conference, t he Prime Minister indic ated that he was not necessarily in favour of buildi ng a single phase development of more than 3,000 r ooms. I wholeheartedly a gree. It is our contention that a first phase of no more t han 1,000 rooms should b e built and absorbed into the market successfully before undertaking any subsequent phase. Phasing in this manner would ensure a healthier, more stable tourism mark et and would protect the existing resorts and the Bahamian jobs within t hose resorts, Mr Kerzner a dded. C M Y K C M Y K LOCAL NEWS T HE TRIBUNE THURSDAY, NOVEMBER 18, 2010, PAGE 11 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM Kerzner attacks Baha Mar contract breach FROM page one STATEMENT: Sol Kerzner W W e e i i n n s s i i s s t t e e d d u u p p o o n n m m o o s s t t f f a a v v o o u u r r e e d d n n a a t t i i o o n n t t r r e e a a t t m m e e n n t t , w w h h i i c c h h w w o o u u l l d d e e n n s s u u r r e e t t h h a a t t n n o o s s u u b b s s e e q q u u e e n n t t i i n n v v e e s s t t o o r r w w o o u u l l d d b b e e g g i i v v e e n n a a d d v v a a n n t t a a g g e e s s t t h h a a t t w w e e n n e e v v e e r r e e n n j j o o y y e e d d .

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wholesale pillage and plunder of public assets. This egregious land give away is one of the greatest raids ont he material wealth of the Bahamian collective since the post-colonial era begun. It isa moral disgrace and the member for Farm Road and Centreville should be ashamed of himself! I am advised, and I verily believe, that the principals of Baha Mar could not believe their good fortune, that theyc ould stumble across negot iators and national leaders w ho were willing to sell off t he birthright of countless generations of our people for peanuts." Several opposition members took offence with MrG ibson's assertion. D r Bernard Nottage, the O pposition's lead speaker in the debate, questioned why there were no major changes to the portions of land being sold to the developers by the Ingraham administrationw hen it negotiated a supplementary Heads of Agreement for the deal shortly after assuming office in 2007. "I have to presume that they changed at that time all o f the provisions in the original Heads of Agreement with w hich they were in disagreem ent. If they didn't then they only have themselves to blame," the former health minister argued. He asked repeatedly why t he "useless" resolution was b rought before Parliament w hen traditionally work permit approvals are left for Cabinet or Immigration approval. "Mr Speaker, this is a useless exercise. It is unprece-d ented for such an administrative matter to be brought to the House of Assembly. This is a matter which is normally dealt with by an Immigration board or would be d ealt with by the Cabinet of the Bahamas which is the e xecutive governing authorit y. And the prime minister has already said that his gove rnment is approving the proj ect, that being so, why are w e going through this? Was this just an excuse for someb ody to attack the leader of t he Opposition?" H e later claimed that P rime Minister Hubert Ingraham had given Mr Gibson direction to berate PLP leader Perry Christie adding that Mr Ingraham had stolent he former PLP member from the Opposition. "If we are people who are selling the birthright by selling the land, then what youw ant us to do? You send s omebody here to berate the l eader of the Opposition..." This prompted Mr Gibson, who was absent from the chamber, to return to his seat and declare that he was brought to Parliament by thep eople of Kennedy "and no one else, and if he (Dr Nottage) don't like it, he can lump it." Later, while noting that the Opposition supports the B aha Mar deal and the economic stimulus the construct ion phase and the continued o peration of the project would bring to the country, D r Nottage said the current l abour resolution did not sit r ight with the Progressive Liberal Party. T he Opposition would like t he resolution amended to e nsure that Bahamian labour p articipation is maximised and to ensure that adequate training and skills are transferred to Bahamian construction workers and trades m en. C M Y K C M Y K LOCAL NEWS PAGE 12, THURSDAY, NOVEMBER 18, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM HONOLULU THEfederal government said Tuesday it will recommend that a small population of dolp hins living near Hawaii be placed on the endangered species list, according to Associated Press. Only about 150 or 170 of the dolphins, known as false killer whales, live in waters up to 87 miles off Hawaii's coasts. A study published by the National Marine Fisheries Serv ice in August said the small population is at high risk of suf fering from inbreeding. It's also at risk of being inadvertently snagged by fishing lines. The agency plans to post its r ecommendation in the Federal Register on Wednesday. M ichael Jasny, a senior policy analyst for the Natural Resources Defense Council, which last year petitioned the government to list the population, said the animal needs help. "When you have a popula t ion that's as small as this one, as range-limited as this one, and o n such a dangerous trajectory as this one, action is desperately needed," Jasny said. "This is precisely the kind of situation that the Endangered Species Act was designed for." False killer whales can grow as long as 16 feet and weigh more than 1 ton, and are usually black or dark gray. They don't look like killer whales, despite their name. The species is found in tropical and temperate waters worldwide including off Maryland, Japan, Australia and Scotland. A few hundred live in waters farther from Hawaii's shores, b ut this pelagic population is separate from the group that lives closer in. Earlier this year a federal advisory group recommended that longline fishermen catching ahi, mahimahi and other fish use a different kind of hook tom inimize the chances they will severe injure or kill the dolp hins when they accidentally get snagged on their lines. The government formed the advisory group in response to data showing the Hawaii-based longline fleet is accidentally killing or seriously injuring ana verage of 7.4 false killer whales each year. T his exceeds the 2.5 per year that the population can lose without hurting its ability to sustain itself. The group also recommended that fleet captains undergo training on how to release anym istakenly caught false killer whales in a way that minimizes t he risk of harm. The dolphins tend to get caught by in longlines because they eat the fish that fishermen have snagged for human con sumption: yellowfin tuna, mahimahi and ono. The National Marine Fish eries Service plans to host a public meeting on its recommendation January 20 in Honolulu and accept public com ment on the issue through February 15. Feds: Put rare Hawaii dolphin on endangered species list IN THIS April 2006 file photo photo provided by Earthjustice, a false killer whale is seen leaping while chasing prey in waters off Hawaii. The federal government said Tuesday it will recommend that a small population of dolphins living near Hawaii be placed on the endangered species list. (AP Row in House over land for Baha Mar FROM page one

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Constitution or any statute to specify a particular period of a life sentence whicha prisoner must serve before becoming eligible for release on license. The prison service in England, as in t he Bahamas, is run by the executive b ranch of the government. If it were otherwise, it would appear to be at least a conflict of interest or appear to involve bias if a judge was to be personally concerned with whether persons whom he h as sentenced to prison is or is not r eleased long before the period for w hich he was sentenced expired. Equally, it is not open to judges in the Bahamas to deal with the day-to-day administration of the prisons. The judiciary possesses neither the trainedm anpower nor facilities to manage such a n institution and its inmates. She further stated: It was always the position that the executive determines, in accordance with the prison rules, when a prisoner has served the retribu-t ive/punishment part of his sentence and in doing so, they usually give credit to a prisoner for good behaviour in addition to the immediate reduction of their prison sentence by one third. T he appeals of Bowe, Davis and W hite were heard together as they s temmed from a judgment of Senior Justice Jon Isaacs delivered in May of this year, and raised similar questions of law and constitutional interpretation. White was convicted of murder on M arch 25, 1993, and sentenced to death under what was then regarded as a mandatory sentence. He appealed his conviction and the Court of Appeal quashed his murder conviction, set aside the death penalty, substituted a conviction for manslaughter and imposed as entence of life imprisonment. B owe was convicted of murder on February 25, 1998, following a third trial. He was initially given the mandatory death sentence. Trono Davis was convicted of murder on December 13, 1999, and alsor eceived the mandatory death sentence. His conviction appeal was dismissed by t he Court of Appeal, however subsequently, Davis and Bowe filed a petition with the London Privy Council against the validity of the mandatory death sentence. Their petition was successful and as a result, the mandatory death penalty for murder convictionsw as deemed unconstitutional. The a ppropriate sentence was left to the disc retion of the trial judge. Bowe was subsequently sentenced to life imprisonment. What constitutes a life sentence remains somewhat ambiguous. A ttorney Jerone Roberts, who represented White and Davis, had argued that Rule 253 of the Prison Rules stated that the case of every prisoner serving a term of imprisonment shall be reviewed by the Governor General every year subsequent to the prisonerh aving served three years of his sent ence, or at shorter periods if deemed advisable. Mr Roberts had contended that by vesting those powers in the Governor General, the statutes and rules purported to invest a judicial power in theh ead of the executive and was also tantamount to allowing the executive b ranch to exercise the sentencing power of the court. Dame Joan said, however, she was unable to accept that submission for the aforementioned reasons. C M Y K C M Y K LOCAL NEWS PAGE 14, THURSDAY, NOVEMBER 18, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM Courts cant stipulate length of life sentence before parole FROM page one By MEGAN REYNOLDS Tribune Staff Reporter mreynolds@tribunemedia.net ASPIRING actors, directors and screenwriters can hone their skills and take industry advice from the experts in a unique set of master classes led by industry professionals. The Bahamas International Film Festival (BIFF award-winning actor and former head of the Screen Actor's Guild LA Casting Committee Raymond Forchion to guide budding actors in a three-hour master class at the College of the Bahamas; while writer, director and talk-show host Wil Shriner will advise screen writing and directing hopefuls in key aspects of their craft in a second master class the following day. Both industry professionals will also lead workshops in the Filmmakers Residency Programme during BIFFs seventh annual film festival from December 1-5. BIFF founder and director Leslie Vanderpool said: This is an amazing opportunity for people to take advantage of. There is such a call out there for actors who want to get on stage and do film, but there are not trained professionals around to guide them. This is the best opportunity they can take to get some training, when these industry profes sionals come in. Ms Vanderpool said Mr Shriner has hosted hundreds of hours of television during his career, including his own Emmynominated talk show, The Will Shriner Show. He is also a successful standup comedian who continues to perform at venues across the United States and his comedy writing procured Mr Shriner the Humanitas Award for an episode of NBCs Frasier. He has also written episodes for several popular sitcoms including the Emmy-winning Everybody Loves Raymond, CBSs Becker and ABCs My Wife and Kids. Acting class leader Mr Forchion has co-starred in television shows such as Will and Grace, In the Heat of the Night, Numbers and Star Trek: The Next Generation. And in addition to his performances, Ms Vanderpool said he is also an exceptional teacher whom she has had the benefit of working with on several occasions. Ray will give you personal strategies and key information for pursuing your acting career with the straightforward honest approach that has made him one of the most respected acting coaches and career consultants in the business, she said. This seminar, from an actor who has been in the trenches with over 40 years experience in over 50 productions and nearly 100 union commercials, may turn your life around, she said. By participating in the master class, Ms Vanderpool hopes local actors will be inspired as many of his previous students have been. Former student Craig Frank, an actor who has starred in The Young and the Restless and Weeds, said: He takes me places that I would never decide to venture, which means I explore. While Mercedes Renard of Hitch, Law and Order and House, said: Its giving me the reassurance I need at the moment. Each time I have donea seminar, I come out of them refueled and ready to fight. The master class on acting will be held on Monday, November 29 from 5.30pm to 8.30pm at the College of the Bahamas (COB Performing Arts Centre. The master class on screen writing and directing will be held at the same time and place on Tues day, November 30. Master classes to give advice to aspiring actors, directors and screenwriters

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C M Y K C M Y K LOCAL NEWS T HE TRIBUNE THURSDAY, NOVEMBER 18, 2010, PAGE 19 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM We W e , ve Got v e G o t What You Need W h a t Y o u N e e d Junkanoo Rods J u nk a no o R o ds Junkanoo Tubes J un k an o o T ub es (Available in all sizes) ( A v a i l a b le i n a l l s i ze s ) Paint for Costumes Pa int f o r C o s t u m e s & So Much More! 188 Wulff Road 1 88 W ul f f R oa d Phone: 323-3973 or 325-3976 P hone : 32 3-39 7 3 or 325 -3976 Open Mon-Fri 7:00am-4:00pm O pe n MonFri 7 :0 0a m-4:0 0pm Saturdays 7:00am-3:00pm Sat ur d a ys 7:0 0 am-3 :00pm www.buildersmallbahamas.com ww w .bui lder sm al lbaha ma s.com 2 0 1 0 C r e a t i v e E d g e 2 0 1 0 C r e a t i v e E d g e follow us f o l l o w u s JOHN Christie, director and vice-president of HG Christie Ltd, recently hosted a cocktail party and tour onboard 'The World' while it was docked in Nassau. 'The World' is an opulent ship offering the opportunity to travel the globe. While luxurious ships abound, this vessel is unique in its provision of ownership into an exclusive community where persons purchase their private apartments. The residents, from about 40 different countries, live onboard as the ship circumnavigates the globe. Some live on the ship permanently while others visit their apartments at different times throughout the year. For those who can afford it, The World offers apartments thatare fitted with all the accoutrements found in quality home design and a never ending itiner ary that carries people to the farreaching corners of the Earth. Speaking about his experience aboard The World, Mr Christiesaid the ship was like having access to the world aboard yourown luxurious yacht. H G Christies staff photographer Patrick Robinson summedup his first impression in one word, wow! This is truly luxurious living in every sense of the word, he said. One of the cocktail party attendees said of their experience of the services offered: A chef will come to your room if you don't want to go to any of the restaurants. There was also a feeling of awe at the level of concierge services offered. They will set up a place for you to sleep on deck if it's whaty ou want. Consider it camping la The World style, said one par ty-goer. Unique luxury ship The World docks in Nassau

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By GLADSTONE THURSTON BAHAMAS Agricultural and Industrial Corporation (BAIC the former BARC satellite farms in North Andros. In line with governments policy on food security, we are doing whatever we can to assist them to take advantage of the many opportunities in food pro duction, said BAIC executive chairman Edison Key. Accompanied by a high level BAIC team on Tuesday, he inspected work on the North Andros greenhouse operation, met with BARC farmers and reviewed the first set of winter tomatoes set to reach the market within two weeks. The 1,100-acre BARC (Bahamas Agriculture Research Centre) project evolved out of a $10 million USAID Independence gift to the Bahamas. The land was prepared and Bahamian farmers trained and assigned farms ranging from 40 to 80 acres. Portions of the original farms have since been reduced to 10 and 20-acre plots. The success of tourism has lured many Bahamians to New Providence over the last decades, resulting in a decline in agricultural pursuits. But, as the original farmers retired or moved on, in some instances their children continued to work the land. Livestock breeders there have been given access to Boer goat and dorper sheep breed and nearly 50 acres of mulatto grass are being planted to accommodate them. That area can produce tens of thousands of sheep and goats, said Mr Key, a former large-scale farmer. Hopefully that industry will develop there and help supply the mutton needs of the country. BAIC extension officer Ayert Lightbourne said the spotlight was on farmers who were already into production. We want to get them to the next level, he said. We dont want to waste the governments money by forcing people into things they do not want to do. So we are looking for people who have already started something and we help them to achieve their objective and the nations at the same time. The BARC second-generation farmers are ideal candidates, he said. Through a Ministry of Agriculture/BAIC initiative, more farm equipment are available at a less expensive price; supplies are easier to get boosted by a $20,000 BAIC grant to the co-op farm store; and the provision of additional extension services, he said. There has been an improvement in the technology with more farmers utilising drip irrigation and fertigation systems, and that has resulted in increased production, said Mr Lightbourne. One of two greenhouses at the proposed North Andros agro industrial park has started production with cabbages, tomatoes, sweet peppers, spinach and Asian greens. The other greenhouse is slated for fruit tree propagation for distribution throughout the island, said Mr Key, so we can really get production going in this country and cut down on some of the imports. We are making good progress. We plan to bring over the buyers soon so they can see first hand what the farmers are producing. We want to lock them in so the farmers can sell their produce directly to the wholesalers and supermarket operators. The government is very supportive and hopefully in due time Bahamians will see that we are on the right track this time, said Mr Key. C M Y K C M Y K LOCAL NEWS PAGE 20, THURSDAY, NOVEMBER 18, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM t DOOWKHZD\RQERDUG 'LVFRYHU\&UXLVH/LQH BAIC targets North Andros satellite farms TOMATOES: THE BAIC team admires healthy tomato plants, the product of the new drip irrigation and fertigation systems employed by North Andros farmer Caleb Evans. S ALAD GREENS s pread out in the new greenhouse at the proposed North Andros agro industrial park. Gladstone Thurston /BIS

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By NEIL HARTNELL T ribune Business Editor THE consumer demand s lump has made it extreme ly difficult for most Bahamian companies, whose net returns on investmenta verage 12-15 per cent per a nnum, to remain profitable, the Chamber of Commerces president warning yesterdayt hat this nation might be five years away from begin ning to see meaningful econ omic recovery. D escribing this recession a s infinitely worse that the post-September 11, 2001, short, sharp shock to the Bahamian economy, Khaalis Rolle told Tribune Business that using the 36-48 months that it took this nation to completely recover from those events as a benchmark, it seemed that the rebound from current events might take up to five years. Acknowledging that the $188 million in outstanding non-performing loans by Bahamian commercial banks to the private sector showed the business community was going through extremely difficult times, Mr Rolle said: If you look at the structure of a typical com pany, their profit and loss statements, most companies are doing an average return of 12-15 per cent in good times. Linking this to the esti mated 20-30 per cent fall-off in Bahamian consumer demand, he added: From a C M Y K C M Y K SECTIONB business@tribunemedia.net THURSDAY, NOVEMBER 18, 2010 THETRIBUNE $4. 68 $4. 51 $4. 69The information contained is from a third party and The Tribune can not be held responsible for errors and/or omission from the daily report.$ $4.36 $4.42 $4.26 Nov. 8 Dec. 31 | T h i s w e e k s p r i z e w h e e l w i n n e r : M s Y v o n n e S m i t h B y NEIL HARTNELL Tribune Business Editor T HEacquisition of a 78 p er cent majority stake in struggling City Markets was completed by businessman Mark Finlayson and his family on Friday, sourcesf amiliar with the situation told Tribune Business yes terday, as one rival while praising the new owners for rescuing some 700 jobs questioned whether the B y NEIL HARTNELL Tribune Business Editor THEBahamas $906.5 million worth of foreign currency reserves currently exceed the International Monetary Funds (IMF mark levels, the Central Bank gover-n or telling Tribune Business yesterday that pre-recession capital levels in excess of 20 per cent of riskweighted assets had enabled the Bahamian banking sector to perform c redibly during the recession. By NEIL HARTNELL T ribune Business Editor BAHAMAS FIRST HOLDINGSyest erday said its 2010 year-end financial results w ere likely to hit or exceed internal Budget forecasts for both revenues and profBy ALISON LOWE Business Reporter a lowe@tribunemedia.net ARGUINGthat present economic condit ions represent an ideal time for the Gove rnment to introduce new legal avenues that may guide troubled companies towards recovery rather than forcing them to close SEE page 7B SEE page 7B SEE page 8B S EE page 9B S EE page 14B By ALISON LOWE Business Reporter alowe@tribunemedia.net A TOP liquidator yester day called for more enforce ment of the law surrounding the ability of foreign gov ernments to use Mutual Legal Assistance Treaties (MLATsto gain access to what would otherwise be confidential information on Bahamasbased companies. Maria Ferere, president and director of FT Consul tants, and a former partner at Ernst and Young, said there should be greater enforcement by the Government, as too often foreign governments were using MLATs to undertake fishSEE page 10B Economic rebound is five years away Estimated 20-30% consumer demand slump makes it extremely difficult for Bahamianf irms, generating 12-15% net returns in good times, to remain profitable Cur rent recession inf initely worse than post-9/11 fallout, says Chamber chief, with many businesses on the brink and hanging on Reiterates call for catalyst, agreeing that $188m private sector bad loans will act as r ecovery drag KHAALIS ROLLE THE BAHAMAS FIRST 2010 FINANCIALS TO HIT OR EXCEED BUDGET FORECASTS Bahamian groups key general insurance subsidiary removed from review with negative implications by A. M. Best, and has key ratings affirmed* Significant losses on Cayman health portfolio will not be big drag on 2010 performance, CEO says, with corrective actions already taken Adds that health business not for sale in near term Rating action shows insurer on firm footing INSOLVENCY REFORMS CALLED FOR Leading accountant urges more venues to rebound built into law, as corporate recovery paths not usedo ften in Bahamas Says rise in Bahamas-based company liquidations lik ely in near future, a nd sa ys current economy perfect environment for reforms HAS PATIENT LOST TOOMUCH BLOOD? City Markets deal closed Friday with all relevant govt approvals, but rivalwhile praising p urchasers questions whether supermarket chain can still be saved MORE ENFORCEMENT NEEDED TO STOP MLAT FISHING EXPEDITIONS T op accountant suggests numerous insolvency/ winding-up reforms $906.5m reserves beat IMFs target Some 3.5 months of import cover exceed IMFs three-month benchmark, Central Bank governor says Praises commercial banking industry for performing credibly in crisis, aided by capital levels in excess of 20% of risk weighted assets pre-recession Excess liquidity at $431.5m, with seasonal drawdown on this and reserves expected to be less than in previous years Return to more normal lending patterns when economy and e mployment improves R esponding to a detailed series of q uestions e-mailed to her by Tribune B usiness, Mrs Craigg said the external r eserves, while equivalent to 3.5 m onths worth of imports, a level a head of the IMFs three-month b enchmark, had been boosted by one-off inflows a seeming reference to the receipt of the likes of the F unds Special Drawing Rights (SDRst ourism and foreign direct investment (FDI And she acknowledged that while the seasonal drawdown on foreign exchange reserves, as retailers andb usinesses build-up stock for Christ mas, would lower their level from $906.5 million, reduced credit and conWENDYCRAIGG

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ByDEIDRE M. BASTIAN HOWimportant is a logo? Much has been said about a company's need for a distinct identity to s urvive in an overcrowded m arket place. Logos, w hich are a pictorial recognition of a company's name, values or services, were created in 1967 for educational use. They subsequently evolved into a fundamental or root of the b rand. D avid Aaker, in his b ook Building Strong Brands, emphasises that familiarity of a Brande licits clients to indulge. Nonetheless, one of the most important decisionsa business owner can make i s choosing the logo design. So ask yourself: How would a logo benefit my c ompany? In other words, w ould a logo amplify or e nhance my overall purp ose? Does it really make s ense to have a logo? I am c onvinced that one of these questions has p opped into your head. You might feel that a logo might not make sense if y ou ran a small accounting company from your home, b ut what's the best way to decide? Lets start by stating t hat, when you are in an industry with similar produ cts or services, a unique factor is what every business should strive for, since t his is what really sets you a part. For example, travel agencies often use globes in their logos, so aim to use s omething else. Customers n eed to know you are unique, and your logo should say just that. How do you feel showing up ata business meeting, and your competitor has on the exact sane suit or dress asy ou? Not a good feeling, I imagine. Without a logo, it will be difficult for anyone to identify your companya mong the multitude of computer, t-shirt, shoe, beauty and food compa n ies on the market. An old adage states: A picture is worth a thousand words. If you know how t he human mind works, m emory can be triggered b y the slightest hint of seei ng the same logo again and again. Experts suggest that people tend tor emember images more than text. Imagine if McDonald's did not have the 'golden a rches', or Nike's ubiquitous 'swoosh' never exist ed? Would their brands bea s strong today if that image wasn't imprinted on t he minds of most consumers? Maybe not. A logo design can occas ionally represent the history and popular culture o f that time. At some point, you may have seen logos that are more than a c entury old, which represents history and contribut ions to the economy. Whether your logo is seen on television, in the pages of a magazine or a newspaper, you want your l ogo to scream: Look at m e, we gat what you need! You want an audac ious logo that explodes a nd captivates your cus tomers, so try not to make it too complex, because it will not lend itself to mul t iple uses and can poten tially fail to deliver your message clearly. Logos need to function s martly in many different mediums, from the Inter net to print advertising sce n arios, envelopes to memo p ads. To encourage repeat business as well as refer-rals, dont forget to put your logo on all youro nline materials. Bear in mind that all logos can be shrunk to fit certain items, such as a business card, or blown up larger like a billboard, if it i s converted and formatt ed properly. A tag can also be included in your c ompanys logo, which is s imply a small list of serv ices or products your company provides. Getting started B efore you begin sketchi ng, first articulate the message you want your l ogo to convey. Try writi ng a one-sentence image a nd mission statement to help focus your efforts.S tay true to this statement w hile creating, and dont proclaim services that are not offered. Most importantly, determine before designing who you are; your business's mission, vision and purp ose; what you do; produ cts and services that you d eliver; who you can best h elp; and your target audie nce. Remember, your l ogo has to connect with your clients, so ensure you are designing for them and not for yourself. Here are some extra tactics and considerations that may aid you when creating an a ppropriate company logo. Make it clean and funct ional Y our logo should work just as nicely on a business card as on the side of a truck. It should be scal a ble, easy to reproduce, memorable and distinctive. Icons usually work bettert han photographs, which m ay be indecipherable if enlarged or reduced significantly. Be sure to cre ate a logo that can ber eproduced in black and white, so that it can be faxed, photocopied or used C M Y K C M Y K BUSINESS T HE TRIBUNE THURSDAY, NOVEMBER 18, 2010, PAGE 3B TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM THE COLLEGE OF THE BAHAMASFaculty V acancies Nor ther nBahamas Campus Applications are invited from suitably qualified persons for the following positions at The College of The Bahamas NorthernBahamas Campus in Grand Bahama:Assistant Professor, Accounting Assistant Professor, Management & Marketing Assistant Professor, Computer Information Systems Assistant Professor, Biology Assistant Professor, Early Childhood Education Assistant Professor, Literature and Composition Librarian II For detailed job descriptions, please visit www .cob.edu.bs/hrapply .Interested candidates should submit a detailed resume and cover letter of interest no later than Tuesday,November 30th, 2010. A completed application package, cover letter of interest and resume should be forwarded to: Associate Vice President, Human Resources Department, The College of The Bahamas, Oakes Field Campus, P.O. Box N-4912, Nassau, Bahamas OR hrapply@cob.edu.bs .Visit our website at www.cob.edu.bs 0XOWLQDWLRQDO&RPSDQ\ LVORRNLQJIRU 7DOHQWHG&DQGLGDWHV ZKRVHHN ([FHSWLRQDO&DUHHU'HYHORSPHQW75$,1((*5$0 &RPIRUWDEOHRRPVDW&RPIRUWDEOHDWHV5HVWDXUDXQWDQG%DURROHFUHDWLRQRRPHHWLQJRRP$OEDQV'ULYH Make logo a go go for your branding THE ART OF GRAPHIX DEIDRE M.BASTIAN SEE page 4B

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i n a black-and-white ad as effectively as in colour. Y our business name will a ffect your logo design For example, for a company called Lightning Bolt Printing, the logo might feature some creative implementation of.... you guessed it, a lightning b olt, or even could be manipulated to suggest speed and assurance. Be relevant and creative. Don't use clip art However tempting it m ay be, clip art can be c opied too easily. Not only will original art make a more impressive statement about your company, buti t will set your business apart from others. Avoid trendy looks One option is to make gradual logo changes and choose one that will stayc urrent for 10 to 20 years, o r longer. Quaker Oats modified the Quaker man on its package over a 10year period to avoid undermining customer confidence. Thats the mark of a good design, dont you think? Watch Your Colours B e careful as you explore color options. Your five-colour logo may be gorgeous, but when producing it on stationery the price won't be so attractive. Nor will it work in mediums that only allow one or two colours. Try n ot to exceed three colours unless you decide it's absolutely necessary. Hire a Designer A professional design firm may charge anywhere f rom $4,000 to $15,000 for a logo design. Shop around, as there are a lot o f [freelance] designers w ith rates ranging from $ 15 to $150 per hour, based on their experience. Don't hire someone just because of a bargain price or because its your mother-in-laws uncle. Remem b er that a good logo s hould last at least 10 years, so if you look at the amortisation of that cost over a 10-year period, itw ont seem so bad. Graphic designers should recognise whether or not a logo design will transfer easily into print or on to a sign. So ensure your beautiful design canb e transferred and will not c ost too much to be printed. Your logo is the foundation of all your promo tional materials, so this is one area where spendinga little more now can real l y pay off later. E nsure that you receive y our logo graphic from your designer in its original created format, especially now that it belongs to you. Pay attention to this. This will enable you to send your files to other agencies if needed, such as other designers, printers or another service, in the future. Protecting Your Logo Once you've produced a logo, ensure it is trade marked to protect it from use by other companies. Creating a logo sounds easy, doesn't it? Well, it can be. Just remember to keep your customers and the nature of your business in mind when you design and put it all together. In time, you will have suc ceeded in building equity in your trademark, which will become a positive and recognisable symbol of your product or service. R emember that a logo can be considered an investment that will be one affair reaping revenue from a lifelong love. So get cracking and reap a lifelong love for your busin ess. Until we meet again, p lay a little, have fun and stay on top of your game. N B: The author encour a ges feedback at: deedee2111@hotmail.com READERS FEEDBACK F rom: Anthony Longley Hi Dee: I've been reading your articles from time to timea nd just wanted to say how proud I am of you. You are a great writer with a truly reader friendly style. I enjoyed this week's piece on Newsletters. I found it very informative.T here is just one thing I w ould have liked to see you mention. Under Photos/Illustrations or Cap tions, you could have spo ken to the importance of giving credit to the author o f any quotes, and the a rtist or photographer w here illustrations/photographs are concerned. This is just my observation as a photographer who regularly contributes to newspapers and newslet ters. By the way...I love the glamour photo. You're still looking like the beautiful PWHS alumni graduate. Keep it up! Best Regards Tony From: Deidre M.Bastian Hi Tony. Its a joy hear ing from a very ambitious an astute class mate. It is also a pleasure that you have expressed interest in The Tribunes Business section, particularly the column of The Art of Graphix. Thanks for the helpful tip, duly noted. Keep on reading! Deidre M. Bastian The Art of Graphix C M Y K C M Y K BUSINESS PAGE 4B, THURSDAY, NOVEMBER 18, 2010 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 $P/EYield 1.261.00AML Foods Limited1.011.010.000.1500.0406.73.96% 10.759.67Bahamas Property Fund10.6310.630.000.0130.200817.71.88% 6.184.50Bank of Bahamas4.904.900.000.5980.2608.25.31% 0.580.18Benchmark0.180.180.00-0.8770.000N/M0.00% 3.492.70Bahamas Waste2.842.70-0.144,0000.1680.09016.13.33% 2.152.14Fidelity Bank2.172.170.000.0160.040135.61.84% 12.509.62Cable Bahamas10.4610.460.001.0500.31010.02.96% 2.842.36Colina Holdings2.402.400.000.7810.0403.11.67% 7.005.40Commonwealth Bank (S1 6.556.560.0139,4610.4220.26015.53.96% 3.651.63Consolidated Water BDRs1.831.80-0.030.1110.04516.22.50% 2.551.60Doctor's Hospital1.601.600.000.1990.1108.06.88% 6.995.94Famguard6.076.070.00-0.0030.240N/M3.95% 10.207.26Finco7.267.260.000.2870.52025.37.16% 11.408.77FirstCaribbean Bank9.749.740.000.6450.35015.13.59% 5.513.75Focol (S 5.465.460.000.3660.21014.93.85% 1.001.00Focol Class B Preference1.001.000.000.0000.000N/M0.00% 5.595.00ICD Utilities5.595.590.000.0120.240465.84.29% 10.509.90J. S. Johnson9.909.900.000.9710.64010.26.46% 10.0010.00Premier Real Estate10.0010.000.000.9910.80010.18.00% 52wk-Hi52wk-LowSecuritySymbolLast SaleChangeDaily Vol. 99.4699.46Bahamas Note 6.95 (2029BAH2999.460.00 100.00100.00Fidelity Bank Note 17 (Series A) +FBB17100.000.00 100.00100.00Fidelity Bank Note 22 (Series B) +FBB22100.000.00 100.00100.00Fidelity Bank Note 13 (Series C) +FBB13100.000.00 100.00100.00Fidelity Bank Note 15 (Series D) +FBB15100.000.00 52wk Hi 52wk Low Symbol Bid$ Ask$ LastPrice DailyVol EPS$ Div$ P/E Yield BISX LISTED & TRADED SECURITIES AS OF:7% Interest 7%RoyalFidelity Merchant Bank & Trust Ltd. (Over-The-Counter Securities)29 May 2015 W WW.BISXBAHAMAS.COM | TELEPHONE:242-323-2330 | FACSIMILE: 242-323-232019 October 2022 Prime + 1.75% Prime + 1.75% 6.95%20 November 2029T UESDAY, 16 NOVEMBER 2010BISX ALL SHARE INDEX: CLOSE 1,490.45 | CHG 0.17 | %CHG 0.01 | YTD -74.93 | YTD % -4.79BISX LISTED DEBT SECURITIES (Bonds trade on a Percentage Pricing basis)Maturity 19 October 2017FINDEX: 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 Supermarkets5.016.0114.00-2.9450.000N/M0.00% 0.550.40RND Holdings0.350.400.550.0010.000256.60.00% 41.0029.00ABDAB30.1331.5929.004.5400.0009.030.00% 0.550.40RND Holdings0.450.550.550.0020.000261.900.00% 52wk-Hi52wk-LowFund NameNAVYTD%Last 12 Months %NAV 3MTH 1.51221.4076CFAL Bond Fund1.51225.11%6.79%1.490421 2.92652.8300CFAL MSI Preferred Fund2.91871.10%3.13%2.919946 1.56551.4954CFAL Money Market Fund1.56553.87%4.48%1.545071 3.20252.8522Royal Fidelity Bahamas G & I Fund2.8624-8.16%-7.49% 13.638813.0484Royal Fidelity Prime Income Fund13.56421.47%2.95% 114.3684101.6693CFAL Global Bond Fund114.36849.98%12.49%109.392860 106.552899.4177CFAL Global Equity Fund106.55284.75%7.18%100.779540 1.13181.0000FG Financial Preferred Income Fund1.13183.85%5.22% 1.09691.0000FG Financial Growth Fund1.09692.71%6.44% 1.13201.0000FG Financial Diversified Fund1.13203.79%5.71% 9.74859.1005Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 19.74584.35%5.22% 11.236110.0000Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 210.6000-1.59%4.26% 10.00009.1708Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 39.5037-4.96%-4.96% 8.16434.8105Royal Fidelity Int'l Fund Equities Sub Fund8.16435.79%9.42% BISX ALL SHARE INDEX 19 Dec 02 = 1,000.00 YIELD last 12 month dividends divided by closing price 52wk-Hi Highest closing price in last 52 weeks Bid $ Buying price of Colina and Fidelity 52wk-Low Lowest closing price in last 52 weeks Ask $ Selling price of Colina and fidelity Previous Close Previous day's weighted price for daily volume Last Price Last traded over-the-counter price Today's Close Current day's weighted price for daily volume Weekly Vol. Trading volume of the prior week Change Change in closing price from day to day EPS $ A company's reported earnings per share for the last 12 mths Daily Vol. Number of total shares traded today NAV Net Asset Value DIV $ Dividends per share paid in the last 12 months N/M Not Meaningful P/E Closing price divided by the last 12 month earnings FINDEX The Fidelity Bahamas Stock Index. January 1, 1994 = 100 (S) 4-for-1 Stock Split Effective Date 8/8/2007 (S1) 3-for-1 Stock Split Effective Date 7/11/200731-Oct-10BISX Listed Mutual FundsNAV Date 31-Oct-10 30-Sep-10 30-Sep-10CFAL Securities Ltd. (Over-The-Counter Securities)TO TRADE CALL: CFAL 242-502-7010 | ROYALFIDELITY 242-356-7764 | FG CAPITAL MARKETS 242-396-4000 | COLONIAL 242-502-752531-Oct-10 30-Sep-10 30-Sep-10 12-Nov-10 31-Aug-10MARKET TERMS30-Sep-10 NAV 6MTH 1.467397 2.911577 1.530224 107.570619 105.776543 30-Jun-10 30-Sep-10 31-Oct-10 31-Oct-10 A RISK officer at Higgs & Johnson, Sharon Albury, has passed the Canadian S ecurities Course (CSC s tudying at the Nassau-based Securities T raining Institute (STI STIs president and founder, said: Attending the STI workshop allows students to gain a comprehensive unders tanding of the core subject matter, and a cquire the knowledge needed to write t he CSC exam with greater confidence. Ms Albury is pictured. Higgs & Johnson officer passes exam Make logo a go g for your branding FROM page 3B

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BAHAMIANShave for the first time acted as judges in a key Florida landscape technician certification examination, a development that a leading businessman believes shows the value of educating and empowering this nations workforce. In an e-mail sent to Tribune Business, Robert Myers, Caribbean Landscapes president, said that more than 20 of the companys staff had attained certifications in horticulture, landscape installation and landscape maintenance since the Bahamas Landscape Association introduced the Florida Nursery Grower & Landscape Association (FNGLA 2008. Caribbean Landscape personnel have also obtained seven judge certifications and, this month, this allowed three of them for the first time to judge Bahamian and US candidates taking the FNGLA certified landscape technician exam in Florida. Mr Myers told Tribune Business: In the companys compul-sory pursuit of educating and empowering its workforce, we have certified all of our managers, foremen and many of our lead men. In addition, we have also encouraged those with the skills to complete the FNGLA trainers programs and then go on to obtain their judge status. This month marks the completion of our first seven judges. We have seen the power of education and training for our employees pay off through the quality of their work and the pride in which it is performed. There is no doubt in my mind that an educated workforce is far more driven and productive than what exists in our country today. Career training with industry certification is our only hope for a productive workforce. The Bahamas Landscape Association (BLA ed by Mr Myers and Conray Rolle of Kerzner International, both serving as co-chairmen. Quality and high standards is what will drive our industry forward, and the fact that we have turned out the first future trainers and judges in the Bahamas with no help from the Ministry of Education or Government is a testament to the strength of our commitment and that of the industry, Mr Myers said. Our goal as an Association is to be able to field these certification programs here in the Bahamas in 2011, with our own people as the trainers and judges. This will allow all local landscape companies, hotels and property owners to become members of the BLA and to sign up their employees for certification programs. With the financial commitment from the likes of Caribbean Landscape and Kerzner International, we have achieved a great deal by sending our employees to the United States and allowing them to earn these most important certifications. Now they will be able to teach their knowledge to our fellow Bahamians. C M Y K C M Y K BUSINESS T HE TRIBUNE THURSDAY, NOVEMBER 18, 2010, PAGE 5B TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM EMPLOYMENT OPPORTUNITYR estaurant managers needed for leading fast f ood franchiseRequirements : Please submit resume to: H uman Resources Department N orth ]0XSD@L@MC@BBNLOKHRGDCRNL@MXSGHMFR SG@SSGNTFGSBNTKCMDUDQ@BBNLOKHRG^ /@TQDMf ]1NL@SSDQGNVL@MXBG@KKDMFDRSGDQD HMSGDDMCDUDQXNMDVHMR^@TLX@f ],KD@QMDCSG@SRTQUHUHMFVHSGRHLOKD SGHMFRHRM\SD@RXPTDRSHNMDCVGX%QH@M@ BG@Q@BSDQHMSGDMNUDK+@SBGDSV@R NUDQQD@BSHMFSNSGDVNQJATSMNVEDDK GHRO@HM^'DRSHMXf NEW JUDGES: From L to R: Jeff Mitchell, Alvarado Write and Adam Issac Worker training plan is judged a success

PAGE 17

C OMONWEALTH BANK has announced it will pay an extraordinary $0.03 per share dividend to its 6,500 shareholders, following earnings of $40 million for the first nine m onths of 2010, compared t o $34 million in the prior y ear. The extraordinary divid end will be paid on November 30 to shareholders of record as of November 18, 2010. Recession It marks a return to maki ng pre-Christmas extraord inary dividend payments, a fter these were temporaril y suspended last year as the economic recession impacted the Bahamian economy. Our performance in 2010 shows a significant improvement over 2009, and we are sharing this i mprovement with our s hareholders to help them t hrough the undoubted challenging times that are still ahead of us. This extraordinary dividend reflects a consistent reduced level o f economic activity for 2010; we do not believe that t he economy has yet e ntered a recovery phase. said chairman T. B. Donaldson, CBE. The success of the bank, he said, rests solidly on the support of our shareholders, the loyalty of o ur customers and the dedi cation and commitment of o ur staff. Commonwealth Bank, the wholly-owned Bahamian financial institution, o perates eleven branches in N ew Providence, Grand Bahama and Abaco and e mploys over 500 staff. C M Y K C M Y K BUSINESS PAGE 6B, THURSDAY, NOVEMBER 18, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM 127,&( T HE COLLEGE OF THE BAHAMAS Bank unveils extra dividend TBDONALDSON NEW YORK APPLICATIONSfor mortgages to buy homes and to refinance dropped last week as mortgage rates pulled away from historic lows, according to Associated Press. The Mortgage Bankers Association s aid overall applications fell 14.4 percent from a week earlier. Applicat ions to refinance tumbled 16.5 percent from the week earlier, while t hose taken out to purc hase homes fell 5 perc ent last week. T he decline in applic ation volume comes as rates on fixed-rate m ortgages jumped because of stronger economic data and doubts about the impact of the Federal R eserve's massive b ond-buying program. T he central bank plans t o buy $600 billion in T reasury bonds in an e ffort to lower interest rates on consumer and business loans to spur economic growth. Rates had been at or near their lowest levels in decades since spring a s investors put money into safer Treasury bonds. That has lowe red their yields, which m ortgage rates tend to t rack. However, low rates have done little tob oost home sales, which have faltered after the expiration of federal tax credits at the end ofA pril. Tight credit, worries over jobs and expecta tions that home prices h ave further to fall have kept many buyers on the sidelines. T he Mortgage B ankers Association's survey covers more than 50 percent of all applications nation w ide. MORTGAGE APPLICATIONS TUMBLE FOR WEEK IN US

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itability, as its key general i nsurance subsidiary was removed from review with negative implications by the leading global insurance rating agency. E xpressing the Bahamian p roperty and casualty insurance groups delight at the action by A. M. Best, which reaffirmed Bahamas First General Insurance Companys financial strength rating of A(Excellentc redit rating, Patrick Ward, its president and chief executive, said corrective actions hadbeen taken to address significant losses incurred in its newly-acquired Cayman subsidiarys health portfolio. Y et despite speculation in the Bahamian insurance industry that Bahamas First was likely to sell Cayman First Insurance Companys healthp olicy portfolio, since it was a non-core area for the group, M r Ward said this would not h appen at least in the near t erm. He told Tribune Business t hat depending on the 2010 f ourth quarter results, the i mpact of Cayman Firsts h ealth business on the overa ll Bahamas First Holdings r esults could even be almost neutral, and at worst would n ot be a major drag. The third quarter results, w hich the Board has just a pproved, were tracking close to Budget, Mr Ward told this newspaper. The fourth quarter is traditionally ours trongest quarter, and barring any catastrophe events, we expect to finish the year, if not on Budget, in excess of Budget, both on top-line growth a nd profitability. Tribune Business last m onth revealed that Bahamas First Holdings was projecting an 80.5 per cent increase in year-over-year net comprehensive income to $7.598 million for its 2010 financial year, boosted by a forecast $2 million contribution from its new Cayman Islands acquisition. Gross written premiums are projected to jump to $149.106 million this year, and net premiums are forecast to hit$ 59.649 million. The same trends and patterns are forecast for total underwriting income, which is projected to hit $82.266 mill ion in 2010, followed by net u nderwriting income, which is projected to strike $24.442 m illion in 2010. B ahamas First Holdings net technical results were forecast at $6.006 million in 2010, and its combined ratio, which m easures underwriting profitability, was projected to rise f rom 68.77 per cent in 2009 to 7 0.29 per cent this year. A. M. Best, in removing B ahamas First from its review w ith negative implications, still left a negative outlook on its Cayman First Insurance subsidiary due to the drag oni ts operating results due to the significant losses emanating from the companys accident and health lines of business. Acknowledging that there a re some ongoing issues with the health portfolio, Mr W ard told Tribune Business: Weve initiated a number of corrective actions that are starting to bear fruit. This information, he added, had been shared with A. M. Best. Asked whether Bahamas First Holdings would seek to divest Cayman Firsts health portfolio, Mr Ward replied: We think we can make a successful go of it. Its not currently for sale, and we donta nticipate it will be in the short to near-term. He told Tribune Business that Cayman Firsts health portfolio would not be a big d rag on the wider groups p erformance, adding: Depending on the fourth q uarter turn out, it could be an a lmost neutral impact, but its not expected to be a big drag on earnings. In removing its review of B ahamas First General Insurance Company, A. M. Best s aid yesterday: As the prim ary holding and major source of earnings for B ahamas First Holdings, the r atings of Bahamas First General Insurance Company reflect its continued excellent capitalisation, favourable operating performance and established presence in theB ahamian market. These factors are supported by the company's conservative catastrophe program, underwriting controls, local market expertise and solid risk management programs. These positive rating factors are off-s et by Bahamas First General Insurances geographic concentration and catastrophe exposure, particularly to hurricanes in the Caribbean. A s for Cayman First, A. M. Best added: The ratings of C ayman First recognise its solid capitalisation and positive non-health operating results, along with its expertise in the Cayman market. The negative outlook on Cayman First acknowledges the drag on its operating results due to the significant losses emanating from the company's accident and healthl ines of business. Bahamas First Holdings m anagement has developed a nd implemented strategies to reduce these losses and their effect on earnings. A.M. Best will continue to monitor the effectiveness of these strateg ies and Cayman Firsts integration into Bahamas First H oldings existing operations. G iving his reaction, Mr Ward told Tribune Business: Were delighted about that. It indicates that Bahamas Firsti s on a firm footing and the C ayman acquisition has been e xecuted to the level that t heyre satisfied with at this stage. C M Y K C M Y K BUSINESS T HE TRIBUNE THURSDAY, NOVEMBER 18, 2010, PAGE 7B TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM 4IFSBUPO/ ".*$*B"5503*"5"45*/(.&/6 4UBSXPPE)PUFMT3FTPSUT8PSMEXJEFr*OD"MM3JHIUT3FTFSWFE4IFSBUPOBOEJUTMPHPBSF UIFUSBEFNBSLTPG4UBSXPPE)PUFMT3FTPSUT8PSMEXJEFr*ODrPSJUTBGGJMJBUFT$POTVNJOHSBXPS VOEFSDPPLFENFBUTrQPVMUSZrTFBGPPErTIFMMmTIrFHHTrPSVOQBTUFVSJ[FENJMLNBZJODSFBTFZPVSSJTLPG GPPECPSOFJMMOFTT"MMJUFNTTVCKFDUUPHSBUVJUZ THE BAHAMAS FIRST 2010 FINANCIALS F ROM page one t heir doors, a top liquidator yesterday projected an increase in the rate of liquidations in the Bahamas in the near future. Maria Ferere, president and director of FT Consultants, suggested it was time that the B ahamas introduced more corporate recovery avenues to give businesses an opportunity e specially in this economy to recover from periods of financial uncertainty. Corporate recovery paths are not used in the Bahamas because people don't think that t hey have an opportunity to do restructuring. Banks aren't used to engaging in that kind of discussion. But I think if something is built into t he legislation to allow other avenues for recovery, it gives businesses an opportunity especially in this economy to try to recover, Mrs Fereres aid. It's simply a question of updating (the law In the United States you've got chapter 11 bank ruptcy, which basically allows you to reorganise yourself. We need some legislation that will a llow businesses to reorganise rather than sort of forcing them to close their doors. During her presentation to the Bahamas Institute of Chartered Accountants (BICA nar yesterday, Mrs Ferere noted a number of areas relating to insolvency which would benefit from being brought up to date with currentt rends. She suggested a new Insolvency Act may be due. Asked if she had seen an increase in the number of companies entering the liquidation process i n recent times, Mrs Ferere told Tribune Busi ness this rate had been slow so far, but she believes theres more to come. A lot of companies are trying to see what they can do to stay above water, but I think the recession is still very much alive and we've got af ew years before we start seeing the turnaround, said the accounting specialist. FROM page one INSOLVENCY REFORMS

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s ales standpoint, if you take 30 per cent of gross revenues away, this 20-30 per cent from off the top line, and calculate the average net return of around 12-15 per cent, its extremely difficult to see where companies can remain profitable. Debt servicing becomes a very difficult proposition; it becomes very difficult to service debt. Many companies have cut significantly. But h ow far do you cut to remain in business, and provide the v alue customers expect witho ut compromising the business? With many Bahamian companies in the private sector on the brink of failure, and many others holding on in the hope of a Christmas b oost, Mr Rolle without mentioning the $2.6 billion Baha Mar project by name again questioned whether MPs and policymakers fully understand the urgent n eed for a catalyst to r evive the economy. Were going through troubled times in the busin ess community, and the l onger we take to get to a point where people feel comfortable theyre able to spend money.........., Mr Rolle said, tailing off. I know many businesses that are on the brink, holdi ng on, and the longer we delay these projects that have the potential to encourage economic activity, the worse it gets. Speaking about the surv ival prospects for many s truggling companies, the C hamber chief painted a relatively bleak but realistic pict ure. Once you get to the b rink, the edge, theres no coming back from that, Mr Rolle told Tribune Business. Those that survive it, for the next 24-36 months they end up operating in panic mode, hand-to-mouth mode. T he recovery lasts a couple of years, and were in year two of this recession, going into year three of this shortly. Acknowledging that the $ 188 million in loans to the B ahamian private sector that w ere more than 90 days past due could act as a further d rag on recovery when it c ame, Mr Rolle added: The recovery will take a significant period; it is not automatic. The first thing in the recovery period is to stabilise the business, and thats a 121 8 month period. Then, you go into a 24-36 month window where you start to rebuild the business, and the rebuilding process usually takes a couple of years.......... u nless theres a significant c atalyst for activity. T he Chamber president pointed out that it took the B ahamian economy some t hree-four years to fully recover from the effects of the September 11, 2001, terror attacks on New York and Washington. Once that recovery was completed, he noted that many Bahamian c ompanies saw top-line per annum sales growth of between 7-10 per cent between 2005 and 2008. This is infinitely worse than 9/11, because it impacts t he entire economy, Mr R olle told Tribune Business. No one was insulated from this. If you use that as ag auge for recovery, we are f ive years away from beginn ing to see meaningful and m easurable recovery. And in that period we still have to recover from what was accumulated dur-i ng this difficult period, all the debt and negative aspects of the balance sheet have to be worked out. T ribune Business revealed yesterday that some $188 million in loans to Bahamasb ased businesses, representi ng 18.11 per cent of all bank c redit to the private sector, were non-performing as atS eptember 30, 2010. D ata provided to Tribune Business showed that the picture on Bahamian dollar mortgage loans and consumer credit was little better. Some $287 million worth of mortgage loans were nonp erforming (over 90 days p ast due and upon which banks have stopped accrui ng interest) as at Septemb er 30, 2010, an amount e quivalent to 9.76 per cent of the total $2.917 billion in mortgage credit outstanding. A s for consumer loans, such as auto credit, some $154 million worth equiva-l ent to 7.34 per cent of the $2.134 billion in such outstanding loans were more than 90 days past due as atS eptember 30, 2010. C M Y K C M Y K BUSINESS PAGE 8B, THURSDAY, NOVEMBER 18, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM : $ 1 7 ( $ S S O L F D W L R Q V I R UWKHSRVLWLRQRI$66,67$17$1$*(5 )25$(7$,/25( 0XVWKDYHH[SHULHQFHLQ PDQDJLQJSHRSOH 0XVWKDYHH[FHOOHQW RUJDQL]DWLRQDO VNLOOVH[FHOOHQWFXVWRPHU VHUYLFHDQGVDOHVVNLOOV 0XVWEHDEOHWRDVVHPEOH H[HUFLVHHTXLSPHQW3OHDVHPDLO HVXPHDQGSKRWRJUDSKWR $VVLVWDQWDQDJHURVLWLRQ 3 1DVVDX%DKDPDV Economic rebound is five years away FROM page one

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sumer demand meant this was likely to be less than in previous years. External reserves currently stand at $906.5 million orr oughly 3.5 months of merc handise imports, Mrs Craigg said. This compares favourably to the IMFs benchmark of three months of import cover. While the tempered recovery in tourism hasp rovided some accretion to the r eserve pool this year, much of the growth impulse has been a ssociated with one-off, extraordinary inflows. Asked about the effects the recession was likely to have on the seasonal foreign currency drawdown, the Governora dded: Traditionally, the latter h alf of the year, particularly the final quarter, is a period of increased import demand as retailers build-up inventories a head of the Christmas season. As a result, we typically witness an increased demand for foreign exchange. While we expect to see a similar trend this year, the level is likely to bel ower than in the pre-recession y ears. Most certainly, the recession, which has dampened consumer demand, and general business activity, are key factors underlying the anticipated lower levels of foreign e xchange usage. E xcess liquidity the level of surplus assets in the Bahamian commercial banking system available for onward lending purposes stood at $431.5 million as at November 3, 2010, M rs Craigg said. T he subdued economic environment had enabled liquidity to build in the system over 2010, she added, although it is likely that we will see a modest reduction in this year over the balance of the year. Asked about the commercial banking industrys performance over the course of the recession, Mrs Craigg told Tri-b une Business: The banking system has, to-date, performed credibly. While it is importantt o note that we are still being impacted by the effects of the recession, in terms of a persis-t ence of high unemployment a nd subdued business activity, our domestic banks had very high levels of capital prior to t he crisis, in excess of 20 per cent of risk -weighted assets compared to the internationals tandards, and these levels have b een sustained. Yes, the level of arrears has been increasing, and this is an area that has attracted enhanced surveillance by the Central Bank, so as to ensuret he safety and soundness of the system. However, so far banks are able to protect themselves adequately against any losses, w ith their strong capital positions. In addition, banks have still remained profitable,a lthough at lower levels, in line with the reduced level of busi ness and partly because of increasing provisions against bad debts. And she added: The monetary system, from the stand-p oint of external reserves, r emains stable. Domestic credit is being impacted by a combination of factors, which include job losses, weakened balance sheet positions of businesses, lower risk appetite and higher standards and require-m ents for new credit being sought, because of banks concerns about their credit quality indicators. While it was difficult to forecast when the Bahamian commercial banking industrysn on-performing and arrears loan situation would improve, Mrs Craigg said: The Bahamian economy is driven mainly by our key foreign currency exchange earning sectors, namely tourism, foreign invest-m ents and international financial services. Consequently, to the extent that we see steady gains in these three sectors, then they w ill have spill over effects on o ther areas of the economy, such as the wholesale and retail t rade, as well as construction. T his will, in turn, foster improved prospects for busin esses and individuals, and i ncrease their ability to repay e xisting loans and qualify for n ew loans. It is also incorrect to say that banks are not lending. They certainly have the liquidity to lend and appear to bed oing so, although standards have been tightened given their a rrears levels and the weakness in economic activity, which has not provided for any notable improvement in employment conditions. When consumers are in a better place, in terms of job security outcomes whichh inge on the rebound in the productive sectors, Im certain that we will see a return to m ore normal lending patterns. C M Y K C M Y K BUSINESS T HE TRIBUNE THURSDAY, NOVEMBER 18, 2010, PAGE 9B TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM 127,&( .(1/<)(5*8621 F ROM page one $906.5m reserves beat IMFs target

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ing expeditions in the Bahamas as it related to companies. This was requiring liquidators to do things which conflict with other responsibilities they may have under Bahamian laws. Ive seen quite a few of (these requests years, Ive been served with MLAT orders and required to hand over documents to foreign governments, Mrs Ferere said. It touches on the confidentiality of the information were holding here, and secrecy in some situations. Those are issues that have to be dealt with, and I think we need to really proactively ensure our legislation doesnt allow a sort of free for all. Its not supposed to be a fishing expedition, but it often is, and its not mutual we dont get the same benefit. If they are seeking to do an investigation of a company in liquidation in a foreign country, they can get an ex-parte order through the Attorney Generals office to seize all of the liquidators records. But that conflicts with the liquidators role. He could have an order that requires him to retain and protect those records. Mrs Ferere was speaking at the Bahamas Institute of Chartered Accountants (BICA Accountants Week seminar at the Sheraton Nassau Beach Resort on the topic of current trends in corporate recovery and insolvency. The accounting specialist called for the Government to update current laws relating to insolvency in the Bahamas, which are contained in the Companies and IBC Acts, or introduce an entirely new Insolvency Act, which would bring Bahamian law relating to troubled companies and the insolvency process up to speed with trends in other countries. Mrs Ferere said: We really just need to sit down and look at the entire legislation, all the rules that deal with winding up and see what we can do to improve it. There are models out there, the UK insolvency law, that we can benefit from. We need a bit of updating for current issues. Top among her suggestions for ways the law could be enhanced was the need for the Government to address the nagging and reoccurring issue of what happens to funds meant for distribution to particular creditors by a liquidator when those creditors cannot be found. Under the present law, the liquidator would get directions from the court (if they cannot locate a creditor at the time of the distribution), and the money (which had been set aside for the creditor) goes back into the pot (to be distributed among the regular shareholders). Those persons (who could not be located) would be barred from making any further claims on the funds, which would go back to the shareholders, explained Mrs Ferere. Sometimes you work on liquidations for five to six years, get to the point where you want to make final distributions and find there are a number of creditors you just cant find. Its one of those nagging areas that comes up from time to time. Mrs Ferere noted that in some jurisdictions, the law allows for such funds to be turned over to the Central Bank or a government body, which will hold the funds and then allow for future claims to be made to that entity once the liquidation has been completed. Changes to the law on the way notices from liquidators are brought to the attention of the public or not, as the case may be would also benefit creditors, who might otherwise miss their opportunity to claim the funds that have been set aside for them, suggested Mrs Ferere. (Under the present law everything has to be placed into the newspaper which, really, while years ago it might have reached a lot of people, doesnt reach anyone now. You place an ad for a day and the chances of getting coverage is not that high, so perhaps we need to look at another way of reading creditors getting information out, she added. Other areas in the current legislation which are in need of clearing up, according to the liquidation specialist, include elements relating to whether Bahamian or foreign liquidators are appointed to a particular matter. There is presently no requirement under the law in favour of either a Bahamian or foreign liquidator, but Mrs Ferere said her experience leads her to believe it is important to havea liquidator who is familiar with the local rules and regulations, and that those local rules and regulations are applied and considered before taking on other cross-border issues. I've run into a number of cases where suggestions had been made to take certain actions in other jurisdictions that really would not have been consistent with what we would do under our law, and so I think in some circumstances its quite appropriate to have a foreign liquidator. In those cases, I think it may be better to have joint liquidators, one foreign, one Bahamian, so you can deal with the legal issues in both jurisdictions, said Mrs Ferere. How long records gathered by a liquidator during the process of winding-up the company must be kept after the process is completed could also be clarified. Sometimes you accumulate massive records. You get to the end and you want to release (the funds records. Sometimes the court would order you keep them for five years, or sometimes just six months. Theres nothing clear in the Act, said Mrs Ferere. C M Y K C M Y K BUSINESS PAGE 10B, THURSDAY, NOVEMBER 18, 2010 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 $P/EYield 1 .261.00AML Foods Limited1.011.010.000.1500.0406.73.96% 1 0.759.67Bahamas Property Fund10.6310.630.000.0130.200817.71.88% 6.184.50Bank of Bahamas4.904.900.000.5980.2608.25.31% 0.580.18Benchmark0.180.180.00-0.8770.000N/M0.00%3 .492.70Bahamas Waste2.702.700.000.1680.09016.13.33% 2.152.14Fidelity Bank2.172.170.000.0160.040135.61.84% 12.509.62Cable Bahamas10.4610.460.001.0500.31010.02.96% 2 .842.36Colina Holdings2.402.400.000.7810.0403.11.67% 7.005.40Commonwealth Bank (S1 6.566.850.296,5000.4220.26016.23.80% 3 .651.63Consolidated Water BDRs1.801.840.040.1110.04516.62.45% 2.551.60Doctor's Hospital1.601.600.000.1990.1108.06.88% 6.995.94Famguard6.076.070.00-0.0030.240N/M3.95% 10.207.26Finco7.267.260.000.2870.52025.37.16% 1 1.408.77FirstCaribbean Bank9.749.740.000.6450.35015.13.59% 5.513.75Focol (S 5.465.460.002500.3660.21014.93.85% 1.001.00Focol Class B Preference1.001.000.000.0000.000N/M0.00% 5.595.00ICD Utilities5.595.590.000.0120.240465.84.29% 10.509.90J. S. Johnson9.909.900.001000.9710.64010.26.46% 10.0010.00Premier Real Estate10.0010.000.000.9910.80010.18.00% 52wk-Hi52wk-LowSecuritySymbolLast SaleChangeDaily Vol. 99.4699.46Bahamas Note 6.95 (2029BAH2999.460.00 100.00100.00Fidelity Bank Note 17 (Series A) +FBB17100.000.00 100.00100.00Fidelity Bank Note 22 (Series B) +FBB22100.000.001 00.00100.00Fidelity Bank Note 13 (Series C) +FBB13100.000.00 1 00.00100.00Fidelity Bank Note 15 (Series D) +FBB15100.000.00 52wk Hi 52wk Low Symbol Bid$ Ask$ LastPrice DailyVol EPS$ Div$ P/E Yield FINDEX: CLOSE 000.00 | YTD 00.00% | 2009 -12.31%30 May 2013 20 November 2029W EDNESDAY, 17 NOVEMBER 2010BISX ALL SHARE INDEX: CLOSE 1,505.16 | CHG 14.71 | %CHG 0.99 | YTD -60.22 | YTD % -3.85B ISX LISTED DEBT SECURITIES (Bonds trade on a Percentage Pricing basis)Maturity 19 October 2017 7%RoyalFidelity Merchant Bank & Trust Ltd. (Over-The-Counter Securities)29 May 2015 W W W.BISXBAHAMAS.COM | TELEPHONE:242-323-2330 | FACSIMILE: 242-323-23201 9 October 2022 Prime + 1.75% P rime + 1.75% 6.95%B ISX LISTED & TRADED SECURITIES AS OF:7% Interest 52wk Hi 52wk Low Symbol Bid $ Ask $ Last Price Daily Vol EPS $ Div $ P/E Yield 10.065.01Bahamas Supermarkets5.016.0114.00-2.9450.000N/M0.00% 0.550.40RND Holdings0.350.400.550.0010.000256.60.00% 41.0029.00ABDAB30.1331.5929.004.5400.0009.030.00% 0.550.40RND Holdings0.450.550.550.0020.000261.900.00% 52wk-Hi52wk-LowFund NameNAVYTD%Last 12 Months %NAV 3MTH 1.51221.4076CFAL Bond Fund1.51225.11%6.79%1.490421 2.92652.8300CFAL MSI Preferred Fund2.91871.10%3.13%2.919946 1.56551.4954CFAL Money Market Fund1.56553.87%4.48%1.545071 3.20252.8522Royal Fidelity Bahamas G & I Fund2.8624-8.16%-7.49% 13.638813.0484Royal Fidelity Prime Income Fund13.56421.47%2.95% 114.3684101.6693CFAL Global Bond Fund114.36849.98%12.49%109.392860 106.552899.4177CFAL Global Equity Fund106.55284.75%7.18%100.779540 1.13181.0000FG Financial Preferred Income Fund1.13183.85%5.22% 1.09691.0000FG Financial Growth Fund1.09692.71%6.44% 1.13201.0000FG Financial Diversified Fund1.13203.79%5.71% 9.74859.1005Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 19.74584.35%5.22% 11.236110.0000Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 210.6000-1.59%4.26% 10.00009.1708Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 39.5037-4.96%-4.96% 8.16434.8105Royal Fidelity Int'l Fund Equities Sub Fund8.16435.79%9.42% BISX ALL SHARE INDEX 19 Dec 02 = 1,000.00 YIELD last 12 month dividends divided by closing price 52wk-Hi Highest closing price in last 52 weeks Bid $ Buying price of Colina and Fidelity 52wk-Low Lowest closing price in last 52 weeks Ask $ Selling price of Colina and fidelity Previous Close Previous day's weighted price for daily volume Last Price Last traded over-the-counter price Today's Close Current day's weighted price for daily volume Weekly Vol. Trading volume of the prior week Change Change in closing price from day to day EPS $ A company's reported earnings per share for the last 12 mths Daily Vol. Number of total shares traded today NAV Net Asset Value DIV $ Dividends per share paid in the last 12 months N/M Not Meaningful P/E Closing price divided by the last 12 month earnings FINDEX The Fidelity Bahamas Stock Index. January 1, 1994 = 100 (S) 4-for-1 Stock Split Effective Date 8/8/2007 (S1) 3-for-1 Stock Split Effective Date 7/11/200731-Oct-10 31-Oct-10 107.570619 105.776543 30-Jun-10 30-Sep-10 NAV 6MTH 1.467397 2.911577 1.530224TO TRADE CALL: CFAL 242-502-7010 | ROYALFIDELITY 242-356-7764 | FG CAPITAL MARKETS 242-396-4000 | COLONIAL 242-502-752531-Oct-10 30-Sep-10 30-Sep-10 12-Nov-10 31-Aug-10MARKET TERMS30-Sep-10 30-Sep-10CFAL Securities Ltd. (Over-The-Counter Securities)31-Oct-10BISX Listed Mutual FundsNAV Date 31-Oct-10 30-Sep-10 7 ,786&+8.:81:$2=25 R I 9,//$*(52$'3 127,&( ,6/(7)/25(67$/RI 3 67-$0(61DVVDX %DKDPDV 0(,/621/289(5785( RI&DUPLFKDHO5RDG1DVVDX%DKDPDV &20021:($/ & 20021/$$1'(48,7<',9,6,21 %(7:((1 ),567&$5,%%($1,17(51$7,21$/%$1. %$+$0$6f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page one More enforcement needed to stop MLAT fishing expeditions

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patient may have lost too much blood. T his newspaper was told by c ontacts familiar with developments at City Markets, and its Bahamas Supermarkets operating parent, that all necessary government approvals including foreign exchangec ontrol permission from the C entral Bank of the Bahamas was granted on Friday past, enabling Mr Finlaysons Trans Island Traders vehicle to close the deal. Government approvals w ere required because T rinidadian conglomerate, N eal & Massy, owned 51 per c ent of the voting rights in B SL Holdings, the former m ajority shareholder who has n ow sold out following a disastrous four-year ownership in which the 11-store City Markets chain racked up more than $29 million in cumulative losses. W hile Derek Winford, City Markets Trinidadian chief executive, and the companys financial controller also on secondment from Neal & Massy will stay on for several months to provide continu-i ty in the transition to Mr Finlaysons ownership, Tribune Business understands that Neal & Massy senior executives are due in the Bahamas imminently to begin the closing out of BSL Holdings affairs. In the meantime, wholesale i ndustry sources have suggested that Mr Finlayson is making p reparations to form his own management team, possibly featuring executives from C M Y K C M Y K BUSINESS PAGE 14B, THURSDAY, NOVEMBER 18, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM Has patient lost too much blood? FROM page one Share your news The Tribune wants to hear f rom people who are m aking news in their neighbourhoods. Perhaps you are raising funds for a good cause, campaigning f or improvements in the a rea or have won an a ward. I f so, call us on 322-1986 and share your story. Supervalue, the huge US wholesale supplier who he and Senator Jerome Fitzgerald, in their former BK Foods guise, h ad formed an alliance with i n a bid to support their ultim ately unsuccessful bid for Baha Mar in 2006. While giving Mr Finlayson credit for taking on the challenge of saving City Marketsa nd its 700-strong workforce, o ne rival questioned whether the supermarket chain may have gone beyond the point of no return. Sandy Schaefer, owner and principal of Robin Hood, whoh imself was approached to acquire City Markets at one p oint, told Tribune Business: I wish them [Mr Finlayson a nd his family] the best of luck, and Im glad someone came t o the rescue of the well-being of the 500-700 employees. I think they are in for quite a challenge. These are chall enging times for all of us..... Its going to take a long time to turn around a company that b ig. Its not going to be accom plished overnight, and its going to take time and lots ofm oney. A sked about the likelihood of Mr Finlayson turning the company around, Mr Schaefer said: Theres always a chance. I just wouldnt qualify it as good. Where you maket he effort, theres always a chance. In this case, its not just a question of having the right people, but lots of people and lots of money. The situation t heyre in right now is that they a re bleeding, and the first objective is to stop the bleeding. Thats not easy, becauset he patient may have lost too m uch blood. Mr Schaefer added: Its certainly not an undertaking Iw ould have done, but I give them credit for trying to save the jobs of those employees.

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The Tribune Thursday, November 18, 2010 PG 27 RELIGION RELIGION The Tribunes SECTION

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By JEFFARAH GIBSON and ALESHACADET Tribune Features Writers S HOWING gratitude for the things, both big and small is an important part of spiritual enrichment. This week Tribune Religion continues with part 2 of giving thanks where individuals tell what they ar e giving thanks. Marika Rolle told Tribune Religion that she tries to give thanks as much as she can, since so many others ar e not in the position to so. I'm thankful first of all for life. I'm able to move every aspect of my body and to my knowledge I'm extremely healthy. Secondly, I'm thankful for my family b ecause even though they get on my nerves at times they're always there for m e to look up too. Lastly I'm thankful for being able to be afforded the opportunity to further my education and to have a full fledge career before I turn 25, she said. Regina Whyly said the troubles of this life will never get in the way of her gratitude because each day she conquers she gains strength. These days I am grateful for life, my health and strength because what ever is wrong now, I get one more opportunity everyday that I am alive to make it better. My motto is, giving up is not an option, it is just how you are going to make it work. One thing that I know is that trouble does not last always, life goes in terms of seasons and you can be sure that the season will change once you walk thr ough w hatever you are going through and do not give up in the middle, she said. A fter the passing of her mother a few months ago Nadine Thomas Brown said that she felt like her entire world was crumbling. But knowing she has other people who love her the same is something she is extremely thankful about. I am giving thanks for resilience and love. My mom died recently and I felt myself falling into a funk. I was able to pull myself out of it by sheer force of will and determination. My family and friends were also there to pull me through. I have discovered that in spite of the fact that the one that loved me the most is gone. I have tons of other people that care for me and in the great scheme of things that is all that counts, friends and family at your back, she told T ribune Religion. K ishan Munroe said: I give thanks for the lessons I have learnt over the years a nd everyone who has played a role in me learning them be it good or bad. Chelsea Deveaux said she gives thanks for her parents and her loving boyfriend. I am also thankful for God giving me the air to breathe but mostly I'm thankful about the goodness in my life. Im also thankful for my true and loving friends and family, she said. Fashion designer Theodore Elyett told Tribune Religion that he's giving thanks to God for his continuous blessings within his life. Never in my time but always on his timing and agenda. I couldn't be more thankful for anything else at this The Tribune PG 28 Thursday, November 18, 2010 RELIGION Daughters of Light Ty Adams Giving thanks PARTTWO: WHY YOU ARE THANKFUL These days I am grateful for life, my health and strength because what ever is wrong now, I get one more opportunity everyday that I am alive to make it better. SEE page 29

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ByREVEREND ANGELA PALACIOUS T here is a saying that a man has to do what a mans got to do. Same is true for women and children. What is it that we got to do? Carry our Cross 1) If we are Christians, we should leave ourselves no choice, but to carry it daily. 2) If we are children, we are to obey 3) If we ar e ser vants, we ar e to obey 4) If we ar e disciples, we ar e to obey What does Humility mean? 1) Letting God receive the glory 2) Recognising our own faults and failings 3) Accepting that greatness comes from letting the Holy Spirit make us live a life pleasing to God 4) Accepting that failure in the secular world can produce character 5) Admitting that there are lessons to be learnt only from obedience 6) Trusting in God and not leaning on our own understanding 7) Accomplishing great things by following Gods will for us What is your Cross? It could be any of the following: 1) Relationships at work, home in church 2) Financial challenges 3) Painful past 4) Ill health at moment 5) Ongoing r ecovery from addiction 6) Whatever is causing you pain If God has not r emoved the thor n, if God has asked you to remain in the situation, then follow Christ Our King and allow Gods will to be done. If you are sure this is Gods word to you then: 1) Stand your ground 2) Pray with fervor 3) Celebrate the blessing you can count 4) See how you change thr ough it 5) Let it shape you and mold you 6) Accept it as Gods refining fire Scriptur e r eminds us that for Jesus, there was a crown for obedient suffering with full r estoration and great glor y For us ther e is a also a cr own, Gods approval and our work accepted. The Tribune Thursday, November 18, 2010 PG 29 RELIGION REV.ANGELA C BOSFIELD PALACIOUS MEDITATION Carrying your Cross By BISHOPVG CLARKE S omeone has said that the world is run by tired men. There is probably real substance in the statement, for genuine leaders must be willing to rise early and study longer than their contemporaries. Some men have tremendous stamina, but fatigue will fr equently set in if they want to go somewhere with their organisation and in their responsibilities. A wise leader will tr y to find a bal ance and seek an a vocation, a change of pace to reduce stress. He must seek some pleasurable r ecr eation or he will eventually lose his usefulness. Y ou have no doubt heard the clich; I'd rather bur n out for God than rust out for the devil. The spirit of that is noble and pious-sounding and a person's dedication must come close to the tenor of the thought. But on the other hand, if a person can lear n how to relax and not spread himself too thin, his ef fectiveness will be magnified. If a person bur ns out completely his influence and contribution ends. Pr oper health, rest and balance will help a leader maintain his ability to persist. But a leader must be prepared to recognise the toll upon him, both emotionally and physically Despite our busy schedules, leaders must practice what we preach in order not to suf fer fatigue or bur n out. Remember the wise leader finds time to rest, relax and for creative thinking. F atigue BISHOP VG CLARKE PARTTWO: Why you are thankful point in my life; other than the blessings of success that he has bestowed upon me---along with the health, strength, talent and will power to execute the assignment he has given to me and Im r eally thankful for that," he said. With the recession still a factor in our country, a Bahamian resident who wished to remain anonymous said: I'm thankful to have a job in times like this when there are so many people still looking for them and I'm thankful for a chur ch home wher e I can gr ow spiritually ." Expanding her thanks to her success, Shar on Rolle told Tribune Religion that she gives thanks to GOD for the undeniable abilities and talents that she's been blessed with. The doors that have been opened and will continue to open for me to walk through in order to push me further and be more successful. And for the simple fact that I impact people on a daily basis with my life goals and accomplishments," she said. Another lady Rosemar y Gardiner added that she's giving thanks for life and good health with the fact that many who thought they would be here are not. I give thanks for that. I am also thankful for good family and friends without them I am nothing!" she said. Home being where her heart is, Christie Cadet said she is thankful for a roof over her head and clothes on her back, I am giving God all the thanks for his uncondi tional love," she said. "Many didnt get up this morning, but God woke me up with health and strength and in a sound mind. It's the simple things that we should be thankful for," said Adrianna Rolle, thankful for the simplicity in life itself. A college student studying at the Barry University in Florida, Pr yia Simmons told T ribune Religion that she is giving thanks for family, friends and good health. I thank the Lor d for blessing me with gr eat fortune to be able enough to celebrate thanksgiving with my love ones. It's through his grace that I can genuinely profess that I am thankful!" she said. Thankful for the love of her childr en, Altonette Ferguson said: "Basically Im just giving thanks this year for my life, my family, especially my wonderful kids, my guy a gr eat job and the wonder ful friends I have in my life." FROM page 28

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The Tribune PG 30 Thursday, November 18, 2010 RELIGION F rederick Edward Allen was born in the settlement of Tarpum Bay, Eleuthera, on August 2, 1929. He received his early education at the Tarpum Bay All Age School and the Eastern Senior School. Later he pursued private evening lessons with HO Nash and Cecil Bethel. In 1944, Pastor F Edward Allen received Jesus Christ as his Saviour and immediately became actively involved in Christian Ministry. He later began a series of crusades along with a team which included T om Rober ts, Rex Major David Car twright, Allan Lee and Marcel Lightbourne. Together this team traveled thr oughout the Bahamas preaching the gospel and many souls were won for Christ. In 1946 at the age of 16 years, Edward Allen left for Emmaus Bible School in Canada where he completed his study in Theology Upon his return in October of 1949, Evangelist WH Farrington intr oduced him to the Family Islands of The Bahamas Evangelism. Pastor Ed Allen's evangelistic efforts took him too many par ts of the world: the United States of America, Canada, and the Caribbean. Ed Allen took the hand of his beautiful godly bride Velma Archer in mar riage on March 26,1952. The union was blessed with two children Fern Allen Hart (deceased Michael Allen along with two beautiful grand-daughters Lisa Hart Newman and Makala Allen. One son-in-law Bradley Har t (deceased -in-law Melanie Pintard Allen and one grand-son in law, Orrin Newman. On December 31,1977 a small company of believers gathered at the old Gospel Bells building at Mt Royal Avenue, in Nassau to pray for God's dir ection and blessing upon the futur e ministry of Brother Ed Allen. At this time, Sister Agnes Turnquest suggested that per haps the Lor d was leading in the establishment of a new work. A few months before she died she r eiterated that the Lor d was leading in the direction of a new ministr y and gave him the Scriptur e Revelation 3:8, .Behold, I have set before thee an open door that no man can shut it: During this period he was engaged in evangelism in the Caribbean. The group fellowshipped at the home of Brother Richard Gibbs and later worshipped at the B ahamas Teachers Union Hall. The name of the new work was Faith Gospel Chapel. Apparently there were other churches in the country bearing the same name so the name was changed to 'Abundant Life Bible Chapel' then 'Abundant Life Bible Church.' Abundant Life Bible Church was erected on its present site and immediately the gift of evangelism through the ministry of Pastor Allen resulted in tremendous gr owth. Oppor tunities for pr oclamation of the Gospel were seized which included broadcasting via radio to the nation fr om a par tially completed building. The Gospel was preached with power and conviction, and did not return void as the Lord of the Church honoured the preaching of His word and added to the Chur ch. The ground breaking ceremonies for the new Sanctuary were held on Januar y 28, 1979. In the weeks that followed, the members including Pastor Allen worked faithfully and labouriously each evening after work mixing cement, lifting blocks and assisting the mor e skilled builders in the construction of the chur ch building. Under the leading of the Holy Spirit, the ministr y of Pastor Allen increased in numbers. Additionally, there was an expansion of: the physical structure; programs; and ministries. The Church's radio ministry gr ew into the Abundant Life Gospel Hour and was supplemented by a television ministry that developed into what is now known as the monthly church service telecast of 'Living Abundantly'. Frederick Edward Allen was awar ded Justice of the Peace in 1985. In 1989 Pastor Ed ear ned his Bachelor of Theology Degr ee, and then he was awarded an Honorary Doctorate Degree from Trinity College of the Bible and Theological Seminary in Newburgh, Indiana in the same year The National Religious Br oadcasting Association (Caribbean Chapter honour ed Pastor Allen in 1990 for twenty-six years of professional gospel broadcasting. Then in 1992 he was awarded a Certificate from 'Who's Who' from the British Commonwealth. He was also the recipient of a Silver Jubilee Award i n commemoration of the Bahamas 25th Anniversary and was awarded a CMG, Order of St. Michael and St. George in 2004. As Pastor Gil Maycockputs it, God has given us a modern day biblically inspired hero, especially when we examine 1 Corinthians 15:58. The life of Pastor Ed Allen was steadfast in God's Word; he remains faithful, and unmovable, and does not allow anything to shake his faith in the gospel. When calamity and disaster str uck his family and snatched their precious daughter and son-in law out of their lives, Pastor Allen was God's her o and r emained unmovable in his faith and calling to preach the gospel of Our Lord Jesus Christ. Pastor Ed was always abounding in the work of the Lord in his evangelistic ministr y in the Bahama Islands and the region. His innovative work created the 'Gospel Bells Br oadcast' that was hear d ar ound the world. He became the first Pastor in the Brethren Assemblies in the Bahamas and God used him to build the lar gest Brethren Church not only in the Bahamas, but in the Caribbean, and the W est Indies. He was one of the pioneers in ChristianT elevision in the Bahamas on the Broadcasting Corporation of the Bahamas (ZNS radioes Pastor Allen continues to always abound. God has blessed him to see his labour is not in vain as two of his sons in the faith continue his ministry in the person of CoPastor Gil Maycock and Co-Pastor Cranston Knowles at 'Abundant Life Bible Church'. Pastor Ed Allen has left a legacy of faithfulness to God that is a gr eat example for us to emulate. Abundant Life Bible Church is celebrating our her o, pioneer and man of god with a series of events for the entire month of November. Events will culminate with an Appr eciation Chur ch Ser vice at 11am in the 'Rainforest Theatre' and a banquet at 2pm in 'TheW yndham Nassau Resor t Ballroom' on November 28. For fur ther information, please call the church at 393-8134. ABUNDANTLIFEBIBLECHURCHCELEBRATESAHERO Pastor Ed Allen Abundant Life Bible Church Celebrates the Life, Love, Labour and Laughter of Pastor F Edward Allen A God-fearing Man, Pioneer, and Hero How beautiful are the feet of them that preach the gospel of peace, and bring glad tidings of good things! Romans 10-15 KJV

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T he Sunday School of St Peters Parish in Simms, North Long Island began their National Childrens Week Celebration with a bang as they gathered to wish Sarah Knowles a ver y special 93r d bir thday. Sarah Moody Knowles or Ma Moody as she is af fectionately called ser ved in many capacities in the Anglican Chur ch at Simms and unfor tunately due to blindness she can no longer attend r egular church services. When Fr Chester Bur ton lear nt of the special occasion, he and his wife hit the ground running. Mrs Burton made a birthday cake and they along with the newly for med Sunday school paid a visit to the matriarch for a birthday party and communion. The gr oup of par ents and children saluted Ma Moody for her many years of wonderful service to the church before singing the hymn Through all the changing scenes of life Fr Burton said that although he has just arrived in North Long Island a few short months he has heard so much about the indelible mark that she has left as a testimony to her family and friends wher e she is comfor ted at her age to witness the bir th of her second, third, and fourth generations. He then of fer ed her communion in the fr ont of her house wher e she r esides with her daughter Laverna Knowles. Fr Burton reminded the young people that at such occasions as these people should reflect on the sacrifices that these gems known as Precious Pearls have made for us in their many varied ways. Although children may be the future, we still recognise the gr eat gift God has placed in our lives with persons like Ma Moody who is still able to share her story with the youth of the island. At the age of 93 she has still many mor e years to enjoy because her mother lived to the age of 104. Sarah Knowles was ever so appr eciative of the visit of members from St Peters whom she once sat with and sang out the same hymn book with during service. Fr Burton instructed the youngster to hug and kiss Ma Moody as they left her home as a sign of the love and appreciation they have for her and the ministr y that she of fer ed to the honour and glory of God. The Tribune Thursday, November 18, 2010 PG 31 RELIGION Happy 93rd birthday, Ma Moody! ST. PETERS PARISH SUNDAY SCHOOL HONOURS SARAH KNOWLES

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Cognizant of the fact that these are tough times and that people are hurting and may not know where to turn, or how to ask for help, the people of Mount Sinai Baptist International Ministry North Andros in collaboration with members of Saint Margarets Anglican Parish North Andros hosted a thanksgiving merriment for the people of North Andros on Saturday November 13. The all day event took place at South Mastic Point Park in North Andros. The occasion brought joy and hope to the entire island as hot food, drinks, shoes, clothing, household items, etc were distributed freely to the people. Senior citizens where also treated to a free pedicure and manicure. Rev Dr Samuel Fowler, Senior Pastor of Mt Sinai Baptist International Ministry and the Rev. Fr. Jude Edomwonyi, Priest-in-Charge of St. Margarets Anglican Parish were on site to offer counseling and spiritual direction. The Tribune PG 32 Thursday, November 18, 2010 RELIGION Thanksgiving treat RESIDENTSOFNORTHANDROSENJOYMERRIMENT 1 2 4 5 3 1 Some of the Senior Citizens enjoying their meal. 2. Senior citizens receiving Pedicure. 3 Shoes, Clothing, and Household distribution stand. 4. Food Stand. 5. Children having fun in the bouncing castle. PHOTOS

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C M Y K C M Y K THURSDAY, NOVEMBER 18, 2010 THETRIBUNE SECTION E 4 ,5,7 International sports news TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM By BRENT STUBBS S enior Sports Reporter b stubbs@tribunemedia.net SPRINTERS Charles Miller and James Carey became the latest Bahamian athletes to ink their names on letters of intent for college and are now preparing to headto Colby Community College in January. On Tuesday, the duo signed their letters at the Bahamas Association of Athletic Associations (BAAA office under the supervision of Bernard Newbold. He is in charge of the recruitment and placement programme for the Bahamas Track and Field Parents Association. Along with two athletes, there are two additional athletes, Tre Adderley and Deandra Deveaux, who have also secured athletic scholarships as well, said Newbold. The programme has produced opportunities for six other athletes, who have already went abroad. Newbold, who has been working closely with businessman Harrison Petty in the association, said they have been pleased to assist the athletes and he wishes both Miller and Carey every success as they prepare for the opening of the spring semester on January 10. Miller, a 100/200m specialist from Queens College, said hes eager to head off to college and is hoping to make an impact on the Trojans athletic team. I feel good about getting the scholarship and Im looking forward to going over there and competing very well and earn a good education at the same time, said Miller, who intends to pursue a degree in computer science. Having ran personal best times of 10.84 seconds in the century and 22.20 in the half-lap race, 19-yearold Carey said hes confident that hes going into a programme that will only enable him to run faster and he thanked Newbold and the association for making it all possible. I feel like hes helped me a lot to get the scholarship, Miller said. Young Bahamians secure athletic scholarships S S E E E E p p a a g g e e 3 3 E E T T R R A A C C K K A A N N D D F F I I E E L L D D SEASON OPENER: The R M Bailey Pacers defeated the C C Sweeting Cobras 32-27 yesterday in GSSSA action. SEE more photos on 2E F e l i p M a j o r / T r i b u n e s t a f f Portugal runs over World Cup champ Spain 4-0... S ee page 7E By RENALDO DORSETT Sports Reporter rdorsett@tribunemedia.net ONE of the Bahamas up and coming stars on the baseball diamond has achieved national acclaim in the United States. Byron Ferguson Jr, after several impressive seasons at Trinity Christian Academy, has been invited to partici pate in 2011 Under Armour Pre-Season All-America Tournament presented by The Baseball Factory and Team One Baseball. The versatile Ferguson has played several positions for the Warriors in the outfield and on the mound. As a pitcher, he has report edly delivered a 92mph fastball. Ferguson is a product of the Junior Baseball League of Nassau and former star at St Augustine's College. He won a junior boys BAISS title and was also a Carifta bronze medallist at the 2009 edition of the Games in St Lucia. The tournament is slated to be held January 14-16 at the Kino Sports Complex the spring training home of the Arizona Diamondbacks in Tucson, Arizona. Under Armour Pre-Season All-Americans provide a showcase and is currently the only Pre-Season All-Americ an honour which gives players an opportunity to participate on the field. Ferguson and others were invited after being selected on a criteria based on a strong performance at a previous Baseball Factory Event or recommendation by a pro scout. The tournament is expected to feature 20 teams divided by regions. And to give scouts a more in-depth look at the talent lev el of young players, will rotate amongst stations that include pro-style workouts, videos and instructions from some of the top coaches around the country. According to the event's website, pro scouts repre senting 24 of the 30 Major League Baseball teams have attended the tournament in 2008 and 2009. With the invite, Ferguson and others gain an early advantage for consideration for the 2011 Under Armour All-America Game. Byron gets All-America tourney invite By RENALDO DORSETT S ports Reporter rdorsett@tribunemedia.net A win in its season opener gave the R M Bailey Pacers senior girls an early claim as a team to watch in their division of the Government Secondary School Sports Association (GSSSA The Pacers scored a 32-27 win over the C C Sweeting Cobras yesterday at D W Davis Gymnasium in the second day of league play. Ariel Stuart overpowered the Cobras on the interior and poured in a game-high 12 points to go along with eight rebounds and two blocked shots. Stuart said her team is united and focused on the ultimate goal of a championship season. We have a lot more players this year and a lot more players that are hungry to win, she said. We came together as a team and we know that we can win this year, we just want to go out there and prove it against the other teams. One player making a difference to the Pacers roster is Government High School Magic transfer Nekythra Gilcud. She was the catalyst for the Pacers defence all afternoon long, with six steals on the day, but also came up with key plays on the offensive end to seal the win. Gilcuds jumper from the top of the key gave the Pacers a 26-22 lead with just over two minutes remaining. She also made one of two at the line to keep the Pacers ahead in the games closing moments. The Cobras opened the game on a 7-1 run, and maintained an advantage for much of the first half. Latasha Armbrister scored on a fastbreak layup to tie the game at 10 with just over a minute left to play in the first half. Jaynell Cox regained the lead for the Cobras shortly after, with a three-pointer which just beat the half-time buzzer to give her team a 13-10 lead at intermis sion. The Cobras opened the second half on a 4-0 run to take a 17-10 run, their biggest lead of the game. Jameeka Bannister stopped the run for the Pacers with a baseline jumper and sparked a run to place her team back in contention. Stuart followed with a three-point play and Gilcud tied the game at 19 to end the 9-2 run for the Pacers. Lashan Green regained the lead for the Cobras at the line only to have Shanell Frazier tie the game once again at 21. Stuarts second three-point play of the second half gave the Pacers their first lead of the game, 24-21, and put her team ahead for good. Armbrister, who finished with eight points, came up with a steal at halfcourt and drove downcourt for a fastbreak layup just before the final buzzer sounded for the 32-27 win. Gilcud and Bannister each chipped in with five points apiece. Cox and Paula Greene both finished with seven points, while Lashan green added six. Pacers win opener

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C M Y K C M Y K LOCAL SPORTS PAGE 2E, THURSDAY, NOVEMBER 18, 2010 TRIBUNE SPORTS TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM GSSSA Basketball Regular Season HIGHLIGHTS OPENING GAME: The R M Bailey Pacers defeated the C C Sweeting Cobras 32-27 yesterday. P h o t o s b y F e l i p M a j o r / T r i b u n e s t a f f

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THE Bahamas was well r epresented the girls team w on gold and the boys had to s ettle for fourth at the first Caribbean Soccer Tournament hosted by Special Olympics Jamaica. Soccer is a new sport for Special Olympics Bahamas, and they represented us well. We are so very proud of our athletes, according to Roosevelt Thompson, who accompanied the team. The girls team consisted of Anita Moncur, Trenice Bell, A lvia Penn, Racquel Moxey, Shaniqua Newbold, Charleisa Bain, and Melba Pratt and was coached by Carmen Forbes and Gilbert Williams. The boys team was made up of Rando Morris, Brenville Dorsette, Marion Nottage, Adrian Robinson, Clinton Ferguson, Levonne Imlach, Amal Johnson and Zekuum ba Major and coached by Vandyke Bethel. Antesha Culmer was team manager and sports director. A s Special Olympics C aribbean introduces new sports in the region, efforts continue to provide competition opportunities for the athletes who train year-round in their respective sports track and field, swimming, tennis, bocce, bowling, soccer, basketball and judo. The Bahamas is expected to host the annual Basketball Invitational Tournament on December 4. And next year, a 40-member team is expected to travel to Athens, Greece, to participate in the Special Olympics W orld Games, celebrated e very four years. The last World Games was h eld in 2007 in Shanghai, China. Team Bahamas brought home 35 medals. C M Y K C M Y K LOCAL SPORTS TRIBUNE SPORTS THURSDAY, NOVEMBER 18, 2010, PAGE 3E TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM Hes made sure that we have gotten the best deal out there so that we can also go over there and get a good educa tion. A former basketball player at Jordan Prince Williams High School in New Provi dence up to the time of his graduation in 2005, Carey said he was competing in a local church track meet when he was spotted by Tonique Williams-Darling, who encouraged him to get involved in the sport. My only regret is that I didnt start running track sooner, said Carey, who has only been competing for the past season. I enjoy it and now Ive been able to get a scholarship through it. As he prepares to travel along with Miller as a com puter science major, Carey noted: I think its a good opportunity. Its a good programme, we should get some good training and at the sametime get a good education. The 22-year-old Carey, who has ran a PR of 22.02 in the deuce and 48.68 in the quar ter-mile, said his goal is to become the best Trojan ath lete at Colby Community College. I think Bernard has done a good job. Hes worked hard to get us in college, Carey said. Hes been keeping updated on everything that has been going on. Now we are set to travel. The duo have not finalized their travel date, but they both indicated that they intend to leave at least a week before school opens on January 10. They will be joining female sprinters Shauntae Miller, the elder sister of World Jr 400m champion Shaunae Miller, as well as Gortia Ferguson and Grand Bahamians Mikarla Swann and Gabrielle McIn tosh. The National Insurance Board wishes to advise the public that pension payments for the month of November will not begin on Thursday,November 18, 2010, as previously scheduled. Instead, payments for both November and December will begin simultaneously from November 26 at the usual times and places. Increases and adjustments arising out of the July 2010 amendments to the Benefits Regulations will also be reflected in the November 26 pension payment period. The National Insurance Board apologizes for any inconvenience caused by the delay in payments.The National Insurance Boardof the Commonwealth of The Bahamas ~ Important Notice to Pensioners ~ SCHOLARSHIPS: Sprinters Charles Miller and James Carey are preparing to head to Colby Community College in January. F F R R O O M M p p a a g g e e 1 1 E E Special Olympics Bahamas girls strike gold in soccer tourney Boys settle for fourth place GOLD GLORY: Members of the girls team show off their gold medals. At far right is coach Carmen Forbes. FANTASTIC FOURTH: Members of the boys team with coach Vandyke Bethel (centre back row BIG SHOT: Amal Johnson prepares for a shot on goal. Bahamians secur e sc holar ships

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C M Y K C M Y K LOCAL SPORTS PAGE 8E, THURSDAY, NOVEMBER 18, 2010 TRIBUNE SPORTS TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM HIGHLIGHTS: St Andrews Hurricanes win BAISS title P h o t o s b y T i m C l a r k e / T r i b u n e s t a f f FOUR STRAIGHT!: The St Andrews Hurricanes senior boys overcame a stunning game one loss to claim their fourth consecutive title with a thrilling 7-6 win over the Nassau Christian Academy Crusaders during the Bahamas Association of Independent Secondary Schools softball championships.